“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
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
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
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
Listen to this video and then read Gaddafi’s Green Book and decide for yourself if he was a mad man as he has been portrayed by Obama et el. The man was killed and his country ruined along with the dream of a unified Africa.
This is a link to a copy of Gaddafi’s Green Book online
China has a plan to lift everyone out of poverty by 2020! 2020! What plan does the so-called richest country (USA) in the world have for eliminating poverty? None that I know of.
Decoding Xi’s report – Poverty relief
Source: Winning battle against poverty by 2020
China is kicking America’s butt. They have five and ten year plans to do stuff. What plans do we have? USA better get on the ball and stop laying on yesterday. The world is not waiting for us anymore.
Ride-hailing giant Didi Chuxing on Thursday announced a new joint venture to roll out charging networks for electric vehicles, aimed at attaining a firm foothold in the country’s booming new energy car market.
Source: Didi plans charging stations for electric vehicles
Small Business Showcase
Sharing information on technical support for small businesses and highlighting local restaurants in Trenton.
Who: African American Chamber of Commerce of New Jersey (AACCNJ)
What: Businesses presenting information about what they offer
Where: Lighthouse Outreach Ministry, 715 Bellevue Ave., Trenton
When: Wednesday, November 8, 5:30 PM – 8:30 PM
Why: To inform, increase awareness, share information, link resources and provide opportunities for small business owners and public to connect.
Additional event details:
FREE and Open to the Public
IFEL – Institute for Entrepreneurial Leadership
UCEDC – Resources and Solutions for Small Business
Jersey Flight Football
The African American Chamber of Commerce of New Jersey, Inc., (AACCNJ) is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activities within the State of New Jersey and via interaction with the National Black Chamber of Commerce, Inc. (NBCC). The AACCNJ has been incorporated as a 501(c)(3) in accordance with the Internal Revenue Code and provides advocacy and support for businesses throughout the State of New Jersey.
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Husband and wife team, Quinn Conyers and Isa Abdul-Raheem, are going on a 6-city HBCU tour to promote their unique handbags to female students and alumni.
Black Sorority members and graduates of HBCUs will soon have a sophisticated alternative to showcase their college spirit after custom clutch company, Purse Paparazzi, announced a plan to launch a custom HBCU collection.
Purse Paparazzi offers an assortment of unique, stylish and edgy clutches for every occasion. But the company is mostly known for its creative purses catering to the historical Divine Nine Sororities including Alpha Kappa Alpha, Delta Sigma Theta, Zeta Phi Beta and Sigma Gamma Rho Sorority Incorporated. As licensed vendors for each organization, the company offers their unique custom clutches on their website and at various events and conferences hosted by each sorority.
The new HBCU line will capture the essence and pride of women who attend or graduated from Historically Black Colleges or Universities. Purse Paparazzi is already licensed with Bowie State University and plans are afoot to add an additional 10 HBCU’s to the custom clutch collection.
Purse Paparazzi is owned by husband and wife team, Quinn Conyers and Isa Abdul-Raheem. Quinn is a proud Howard University graduate and Isa is a proud Eagle alumni from Coppin State University in Baltimore MD.
Questioned about the motivation for introducing the new collection, Conyers explained: “Our motivation for the new HBCU line comes from the pride and esteem many Blacks/Africans have regarding their HBCU. The HBCU clutch collection is our way of showing our school pride and expanding our unique brand.”
The HBCU collection will be launched during a Homecoming tour in Fall 2017. For further information or to submit a custom order, visit www.PursePaparazzi.com.
About Purse Paparazzi:
The Purse Paparazzi was founded by husband and wife team Quinn Conyers and Isa Abdul-Raheem. The company specializes in custom purses and clutches for women in organizations or who share a common interest.
Source: Black-Owned Handbag Company Kicks Off National Black College Tour to Promote Their HBCU themed Custom Clutch Purses to Female Students and Alumni