Business

Real Men Cook will hold a second dinner indoors
Business

Real Men Cook will hold a second dinner indoors

Real Men Cook will host a second event on Sunday, Father’s Day, at the Quarry Event Center, 2423 E. 75th Street in Chicago. The event will be held indoors air-conditioned comfort because the temperature is expected to reach 92 degrees. There is a $45 charge for a four-course meal that will be prepared by Executive Chef Edwardo Bey, Chef San […]

The Black unemployment rate was 5.9 percent in May, falling from April
Black Workers Business Economics Men News

The Black unemployment rate was 5.9 percent in May, falling from April

   Black men’s jobless rate remains high as more look for work  Wage growth is low By Frederick H. Lowe The nation’s black unemployment rate in May was 5.9 percent, down from 6.6 percent in April as the country’s overall jobless rate dropped to an 18-year low of 3.8 percent, the U.S. Bureau of Labor Statistics reported Friday. Even in […]

Facebook shuts down fake Black Lives Matter page run by a middle-aged white man in Australia
Business Civil Rights

Facebook shuts down fake Black Lives Matter page run by a middle-aged white man in Australia

By Frederick H. Lowe Facebook has shut down a fake Black Lives Matter site operated by a white union official in Perth, Australia, after repeated complaints from the real site’s owners that the fake site was making money off black deaths. The fake site, the largest on Facebook, reportedly was run by Ian Mackay, general branch vice president of the […]

Susan Rice joins Netflix’s board
Arts Business

Susan Rice joins Netflix’s board

Netflix, Inc., the world’s leading Internet-service company, has named Susan M. Rice, former Ambassador to the United Nations and former U.S. National Security Advisor, to its board of directors. “We are delighted to welcome Ambassador Rice to the Netflix board,” said Reed Hastings, Netflix co-founder and CEO. Rice said she was thrilled to join the board of Netflix. She described […]

Business Jobs

The economy added more than 260,000 jobs in October, but the black unemployment rate jumped

  By Frederick H. Lowe   The seasonally adjusted unemployment rate for black men 20-years old and older rose in October, although the nation’s nonfarm businesses added 261,000 jobs, the U.S. Bureau of Labor Statistics reported Friday morning. The jobless rate for black men was 7.5 percent in October compared to 6.7 percent in September. Unemployment for black men was […]

Chicago deposits $20 million in the city’s remaining black bank
Business

Chicago deposits $20 million in the city’s remaining black bank

The Chicago Treasurer’s office has deposited $20 million into Illinois Service Federal Savings and Loan Association, a financial institution founded in 1934 by 13 black men. “As a life-long Chicagoan, I know how important it if for use to keep local dollars in communities,” said City Treasurer Kurt Summers. Illinois Service Federal Savings and Loan Association is the last black-owned […]

Billionaire Robert L. Johnson’s Company Announces $7 Billion Merger Deal
Business

Billionaire Robert L. Johnson’s Company Announces $7 Billion Merger Deal

By Frederick H. Lowe BETHESDA, MD.–RLJ Lodging Trust, whose executive chairman and founder is billionaire Robert L. Johnson, on Monday announced a merger agreement with FelCor Lodging Trust Inc., creating the nation’s  third-largest pure play lodging real estate investment trust (REIT) by enterprise value. The combined company will have a market capitalization of approximately $4.2 billion and a total enterprise […]

Black-Owned Seaway Bank Fails
Business

Black-Owned Seaway Bank Fails

By Frederick H. Lowe Seaway Bank and Trust Co., once one of the nation’s largest black-owned banks based on assets, went into receivership and has been taken over by State Bank of Texas, an Indian-owned bank headquartered in Dallas, the Federal Deposit Insurance Corp. recently announced. The Illinois Department of Financial & Professional Regulation–Division of Banking and the FDIC, which […]

Versace store
Business

Lawsuit: Versace Has A Code For Black Shoppers

By Frederick H. Lowe Kanye West and Jennifer Hudson attended the 2012 opening of Versace’s New York store in SoHo. Ne-Yo posed for pictures with Donatella Versace during Versace’s Couture Show, which was part of Paris Fashion Week 2013. And the rapper Drake added his voice to a song with Migos about Versace.Teen heartthrob Bruno Mars sings the romantic song […]