Tag Archives: Business

Facebook says nearly 50m users compromised in huge security breach | Technology | The Guardian

Nearly 50m Facebook accounts were compromised by an attack that gave hackers the ability to take over users’ accounts, Facebook revealed on Friday.“

Today’s disclosure is a reminder about the dangers posed when a small number of companies like Facebook or the credit bureau Equifax are able to accumulate so much personal data about individual Americans without adequate security measures,” said the US senator Mark Warner in a statement. “This is another sobering indicator that Congress needs to step up and take action to protect the privacy and security of social media users.”

Facebook shares fell about 3% following the disclosure.

Source: Facebook says nearly 50m users compromised in huge security breach 

West’s bias not reflected in reality of African ties: China Daily editorial

Despite Western criticism of China’s presence in Africa, there is no denying the fact that the continent has maintained its growth momentum every year since China started to invest there. The Beijing summit shows that both sides want to maintain that momentum in pursuit of common prosperity.

Source: West’s bias not reflected in reality of African ties: China Daily editorial

China Offers $60 Billion to Africa With ‘No Strings Attached’

Chinese President Xi Jinping has offered a $60 billion aid package to African countries over the next three years, in response to the continent’s increasing debt distress — with no strings attached.

China’s investment plans include $5 billion in African exports, $10 billion for development, and $15 billion grants and interest-free loans. A $20 billion credit line will also be included, as well as emergency food aid, scholarships and vocational training, and increased agricultural development.

Source: China Offers $60 Billion to Africa With ‘No Strings Attached’

NJ Resources for Business Growth

WHEN:
September 12, 2018 @ 2:00 pm – 5:30 pm
WHERE:
Brower Student Center, Event Room 100 East/West at The College of New Jersey
2000 Pennington Rd
Ewing Township, NJ 08628
USA
COST:
Free to attend

If you are a business owner and/or aspiring entrepreneur, the New Jersey Business Action Center (BAC) wants you to know about the many programs and incentives available to help your business grow and thrive.

You are invited to join BAC Executive Director Melanie Willoughby for an event Wednesday, September 12th to discuss how these incentives and programs can help you, and how you can take advantage of them.

Joining Willoughby will be representatives of the state agencies involved, including the Economic Development Authority, Department of Labor and Workforce Development, Department of the Treasury, the State Library, Board of Public Utilities, Small Business Development Center and others. These representatives will be available for one-on-one discussions at the meeting.

This program is organized by the New Jersey Business Action Center, the New Jersey Chamber of Commerce, and our MIDJersey Chamber. Hosted by The College of New Jersey.

Registration begins at 2:00 pm

Programs runs from 2:30 pm until 5:30 pm

Did you know …

  •  The State will pay you to become green?
  •  You can access powerful online databases with your library card at no charge?
  •  Micro-loans up to $50,000 are available for small business?
  •  Business advocates can help you develop an export marketing plan?
  •  You can purchase a building for your enterprise with as little as 10% down?

 

August 31, 2018 Edition Of The Nubian News

Murphy Vetos Bill to Exempt Hair Braiders from Cosmetology Licensing Requirement
In another shocking decision for the Black community, Gov. Murphy has conditionally vetoed a bill

Bethea Seeks Trenton-Based State Assembly Seat

Full on-line Edition of The Nubian News

BAR Book Forum: Mehrsa Baradaran’s “The Color of Money” | Black Agenda Report

“And while racism has often been popularly considered as physical power and violence, the history of racial slavery in the United States demonstrates that violence and economic exploitation are often one and the same thing.”

 Banking Against (Black) Capitalism: On “The Color of Money” By Armond Towns, Carolyn Hardin

“When the Emancipation Proclamation was signed, the black community controlled about 1% of the nation’s wealth. Over 150 years later, that number hasn’t budged. The reason for this lack of economic progress despite the fact that racial progress has been made is the story I tell in my book.”

Source: BAR Book Forum: Mehrsa Baradaran’s “The Color of Money” | Black Agenda Report

Black-White Wage Gap Grows as Americans Remain in Denial

The wage gap between blacks and whites is the worst it’s been in nearly four decades, according to a new report from the Economic Policy Institute.

Last year, the hourly pay gap between blacks and whites widened to 26.7%, with whites making an average of $25.22 an hour compared to $18.49 for blacks, the EPI found. Almost 40 years ago, in 1979, the wage gap between blacks and whites was 18.1%, with whites earning an inflation-adjusted average of $19.62 an hour and blacks earning $16.07 an hour.

 What’s driving the wage gap has little to do with access to education, disparities in work experience or where someone lives, EPI found. Rather, the researchers found “discrimination…and growing earnings inequality in general,” to be the primary factors at play.

“Race is not a skill or characteristic that should have any market value as it relates to your wages, but it does,” said Valerie Wilson, the director of the program on Race, Ethnicity and the Economy at the EPI and a co-author of the report. (CNN)

Source: Black-White Wage Gap Grows as Americans Remain in Denial – Pacific Standard

Black women must work 7 months to get paid on the same level as white men

Forty-four countries sign historic African Union free trade agreement

African countries are set to put their signature to an agreement that will launch the African Continental Free Trade Area (AfCFTA) in Kigali, Rwanda, on Wednesday.

The UN Economic Commission for Africa (UNECA) has estimated the agreement’s implementation could increase intra-African trade by 52 percent by 2022, compared with trade levels in 2010.

Here’s what you need to know about the biggest trade agreement signed since the World Trade Organisation (WTO) was established.

What is AfCFTA?

African heads of government agreed to establish a continental free trade area in 2012 and started negotiations in 2015.

The agreement is set to be signed by all 55 member states of the African Union, bringing together 1.2 billion people with a combined gross domestic product (GDP) of more than $2 trillion.

The draft agreement commits countries to removing tariffs on 90 percent of goods, with 10 percent of “sensitive items” to be phased in later.

Read more about the momentous news

Ramaphosa wants single currency for Africa | The Citizen

President Cyril Ramaphosa did not appear a stranger to the African Union as he strolled into the closing session of the African Continental Free Trade Area Business Forum in Kigali on Tuesday afternoon. In fact, there was a mild case of continental Ramaphoria in the audience of African businesspeople, politicians, officials and hangers-on as Ramaphosa declared:

“The issue of visas for Rwandese to South Africa, consider it as a matter that is solved.”

There were whoops and gasps from the room, then applause.

Just last month, former president Jacob Zuma wanted to hang on to the presidency a few months longer so he could introduce Ramaphosa to the AU and the Southern African Development Community.

Former Nigerian president Olusegun Obasanjo welcomed Ramaphosa warmly, and congratulated him, and also “all of the people in South Africa for their transition”.

A high-ranking member of the Nigerian delegation, when asked about his country’s views, said the rest of the continent shared in the South Africans’ relief at the transition.

At the close of the session with Ramaphosa, the announcer enthusiastically declared:

“Can you feel the change? Change is in the air!”

Source: Ramaphosa wants single currency for Africa | The Citizen

Also See This article about Ramaphosa