Why the U.S. handles its debt differently than other nations news

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Why the U.S. handles its debt differently than other nations news

As the time limit to lift the debt ceiling approaches, the U.S. is going through the risk of default. CBS News' journalist, Errol Barnett, delves into the reason the dealing with of the U.S. debt differs from other nations. This article analyzes how and why the U.S. is exclusive in its strategy to dealing with […]

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US Budget Deficit Hits All-Time High of $864 Billion in June - Black News Channel

By MARTIN CRUTSINGER AP Economics Writer/ BNC Contributor WASHINGTON (AP) — The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues. The Treasury

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Source: Black News Channel - Black News Channel

Wealthy Kenyans bank Sh45bn in dollars during lockdown

CBK data shows wealthy Kenyans chose to hedge rather than seek new areas to invest their fortunes.

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Source: Business Daily

Oregon Governor Says Federal Troops Preparing Withdrawal From Portland

MOSCOW (Sputnik) - Oregon Governor Kate Brown said that federal troops are preparing to leave Portland after weeks of tensions in the west coast city.

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Companies Tied to California Officials Get US Virus Loans — The Sacramento Observer

SACRAMENTO, Calif (AP) — Businesses tied to California Gov. Gavin Newsom, Lt. Gov. Eleni Kounalakis and two of the state’s legislative leaders were among those that received federal loans aimed at keeping small businesses afloat during the coronavirus pandemic, records released Monday

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Source: The Sacramento Observer

Nigeria: Updated - U.S. Sanctions Six Nigerians for Alleged $6 Million Internet Fraud

The United States government has placed sanctions on six Nigerians for alleged internet-related fraud that caused American citizens and businesses over $6 million

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Source: allAfrica.com

State cracks down on bars, restaurants - Black Voice News

Good morning, California. It’s Tuesday, July 7. Newsom ramps up enforcement Cleverson Davis, a waiter at Palermo Italian Restaurant in San Jose, tends to customers on June 5. Photo by Dai Sugano, Bay Area News Group Amid intense criticism for reopening California’s economy too quickly, Gov. Gavin

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Source: Black Voice News | The Voice of the Black Community in California

Fed Powell says new lending programs to launch by June 1

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the Fed lending programs for medium-sized businesses and state and local governments would begin operating by the end of this

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Negro Baseball League Timeline

The Negro Baseball Leagues were professional leagues in the United States for players of African descent. At its height of popularity--from 1920 through World War II--Negro Baseball Leagues were an integral part of African-American life and culture during the Jim Crow

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Source: ThoughtCo

A US Recession Began in February in the Face of Coronavirus | Afro

WASHINGTON (AP) — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on

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Source: Afro | The Black Media Authority

Bull and bear markets

It is an unverified historical belief that bear and bull markets were named after the way in which a bear and bull attacks. Bulls tend to thrust their horns up into the air, while a bear will swipe down. These actions were then related metaphorically to the movement of a capital market: if the

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Source: NewsDay Zimbabwe - Everyday News for Everyday People

Trump Financial Regulator Quietly Shelved Discrimination Probes Into Bank of America and Other Lenders — ProPublica

At least six investigations into discriminatory mortgage loan “redlining” have been halted or stalled — against staff recommendations — under the Trump administration’s Office of the Comptroller of the Currency.

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US authorities move to seize Yahya Jammeh's mansion | Africanews

Former Gambian President Yahya Jammeh used bribery proceeds and stolen government funds to buy a mansion in a suburb of Washington, D.C., U.S. authorities allege in a lawsuit seeking to seize the

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Kanye Wests Yeezy Brand Received Millions From the Federal Paycheck Protection Program - Black Enterprise

Kanye West, who became a billionaire earlier this year, was granted a government loan between $2 million and $5 million for his Yeezy brand.

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Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent

'Coming back and biting us'

The US recorded a one-day total of 34,700 new COVID-19 cases, just short of the nation's late-April peak of 36,400, according to the count kept by Johns Hopkins

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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com

Number of working Black business owners falls 40 percent amid COVID-19

The number of working African American business owners in the United States plummeted more than 40 percent as the coronavirus shut down much of the economy — a far steeper drop than other racial groups experienced, according to an analysis confirming fears the pandemic would deepen inequalities in

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Is Crazy the new normal? - ThyBlackMan

No, the pre-COVID world was crazy and now we can see the real world around us much more clearly. With an ignorant and corrupt leader, surrounded by a bunch of incompetent sycophants, driving the country off a cliff. Time to take the red

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Entrepreneur of 35 Years Releases New Book, "Black Financial Literacy & Wealth Building Bible"

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SA needs believable figures in its bid to build better future - Pali Lehohla | News24

Former statistician-general Pali Lehohla has said in order to build consensus and rebuild South Africa better, the country needs to be explicit about its challenges and paths towards solutions.

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The President, Adding Fuel To The Fire Of Our Pandemics. - ThyBlackMan

Since the President refuses to develop a national plan to address the corona pandemic, even as the death toll increases, deaths increase, let him hawk beans. He is far more adept at that task than he is at running the country.

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Collapse of stock market and the beginning of the

Collapse of stock market and the beginning of the Great Depression. By 1937, 26 per cent of Black males were unemployed.

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Source: Blackfacts.com

Oct

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1929

Shutdown of Zimbabwe exchange seen as risk to new bourse | Fin24

Zimbabwe’s closing of its stock exchange risks upending plans to start a new equity market in the northwest of the country, according to Renaissance Capital.

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Maybe those sky-high tech valuations make sense after all - TechCentral

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United Airlines posts $1.6 billion loss in virus-scarred 2Q - Black News Channel

By DAVID KOENIG AP Airlines Writer United Airlines said Tuesday that it lost $1.63 billion in the second quarter as revenue plunged 87%, and it will operate at barely over one-third of capacity through September as the coronavirus throttles air travel. The Chicago-based airline burned through $40

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Source: Black News Channel - Black News Channel

The Carr Report: Nine things you can do with money | New Pittsburgh Courier

by Damon Carr, For New Pittsburgh Courier As adolescents we often hear our parents say “money doesn’t grow on trees”. As parents we echo the same words to our children. That’s truly the only money advice we receive from our parents. It’s the only money advice we give to our children. We generally

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Source: New Pittsburgh Courier - Powered by Real Times Media

Stocks sink worldwide as coronavirus infections rise again

The recent stumble for U.S. stocks means they’re now 11% below their record set in February, after a furious rally had brought them back within 6% in the middle of last

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Source: Black News Channel - Black News Channel

A US recession began in February in the face of coronavirus

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Source: theGrio

Black Father and Son Launch Online Summer Camp to Teach Financial Literacy and Investing

Nationwide Kevon Chisolm, founder and president of Black Wallstreeter Consultation Services, is teaming up with his 13-year old son, Kamari, to launch an online summer camp that teaches African []

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Source: http://www.blacknews.com

Somalia: Walz Announces U.S.$56 Million in Federal Funds for Child Care Providers

[Shabelle] Child care provider relief. The Forum News Service's Dana Ferguson reports (via the Bemidji Pioneer): "Thousands of Minnesota child care providers will be eligible for federal grant funds to offset the cost of guarding kids and staff against the coronavirus, Gov. Tim Walz announced

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Source: allAfrica.com

In 1972, Kaunda outlawed all opposition political parties. The world copper market collapsed in 1975. The Zambian economy was devastated—it had been the third-largest miner of copper in the world after the United States and Soviet Union. With a soaring debt and inflation rate in 1991, riots took

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Source: Fact Monster - Black History

Highland Beach, Maryland (1893- )

Highland Beach, Maryland, the oldest of the major black resort towns, was founded along the western shore of Chesapeake Bay in 1893 by Charles and Laura Douglass. Charles Douglass was the son of prominent abolitionist and 19th century civil rights activist Frederick Douglass. Major Charles

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Source: Black Past

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