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Money

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Minorities have suffered most in recession, Biden tells Urban League

theGrio via AP
Vice President Joe Biden touted the $787 billion federal stimulus effort on Friday, saying he sees signs that the recession could end soon, but also called the package "the most misunderstood" piece of legislation.
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Tough economy has black youth giving up name brands

theGrio
For young people from low-income backgrounds, often faced with paying their own way and helping support their families, interest in designer labels is waning as the economic downturn strains wallets and helps boost the appeal of frugality...
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Woman fights foreclosure with bake sale

theGrio
The woman hopes her bake sale will keep a roof over her head. Angela Logan has until July 26 to raise $2,559.54 due her lender under a federal program to help homeowners in financial trouble...
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Johnson Products back in black hands

Ni'kita Wilson

Chief Executive Officer Eric V. Brown and wife Renee Cottrell-Brown, the executive vice president

Johnson Products, the company behind such brands as Ul…

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Michael Jackson: man or merchandise?

Lola Adesioye
It's been less than a week since Michael Jackson died yet those seeking to profit from his life, and indeed death...
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Mobile mortgage bus used to teach people about buying homes

theGrio
The slumping housing market helped to trigger the collapse of the U.S. economy. Now, real estate agents say things could be turning around. The people buying those homes now are held to very different standards than the buyers of just a few years ago...
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Car wash held to raise money for funeral

theGrio via AP
A lack of money to cover funeral expenses for a community activist in Washington state has prompted her family and friends to raise money in a manner familiar to neighborhood organizations: They held a car wash and bake sale...
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Rent-to-own stores doing well in tough economy

theGrio

Kevin Copeland

Paul Lindley is shopping for a new TV, but worries over the economy, may drive him to rent one instead.

“I know you probably pay a little …

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Obama addresses African-American unemployment

theGrio
View excerpt of today's press conference with the president discussing African-American unemployment. Amid rising public impatience with an economy now under his watch, President Barack Obama on Tuesday said his administration needs to push money out faster...
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Obama to unveil his proposal to reshape Wall Street

theGrio

BROOKE HART

Today in Washington, President Obama will unveil his proposals to reform financial regulations. It adds to what the president wants from cong…

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