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Obama, First Lady, and administration speak at HBCU commencements

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WASHINGTON (NNPA) - Over the weekend, President Obama, the First Lady and several other Obama administration officials delivered commencement speeches at many of the nation's historically Black colleges and universities.

The President sent off Hampton University's graduating class on Sunday while the first lady, Michelle Obama, spoke at the University ofArkansas – Pine Bluff the day prior. Education Secretary Arne Duncan and Domestic Policy Director Melody Barnes, who addressed Xavier University and Virginia Union University, respectfully, as well as two lower-level administrators, who spoke at Wiley and Huston-Tillotson Universities, also spoke on Saturday.

The series of commencements are a part of the Obama Administration's strategic outreach and promotion of Americas Historically Black Colleges and Universities (HBCUs). While many, such as Howard University and Spelman Collage, are considered among nation’s top schools, almost all of the HBCUs are facing economic setbacks and limited-resources.

In February, the president signed a White House initiative to strengthen HBCUs and he set a goal of historically Black institutions achieving the highest percentage of college graduates in the world by the year 2020. Obama has signed legislation that will give $1 billion dollars in funding to HBCUs and other predominantly Black institutions over the next decade. He has also nearly doubled the aid available in the Pell Grant program.

More than half of the students attending HBCUs qualify for Pell Grants and other financial aid. The president, during a recent White House ceremony honoring HBCUs, spoke of the importance of these institutions to the well-being of not just the African-American community, but to the entire nation.

“We're not only doing this because these schools are a gateway to abetter future for African Americans; we’re doing it because theirsuccess is vital to a better future for all Americans,” Obama said. President Obama's senior advisor Valerie Jarrett is scheduled to address Morgan State University in Baltimore on Saturday. On Sunday, Defense Secretary Robert Gates is tasked to speak to Morehouse College in Atlanta while United States Ambassador to the United Nations Susan Rice will deliver the commencement speak to Morehouse's sister school Spelman College, also in Atlanta.

Last Updated on Thursday, 14 February 2013 09:29

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Obama’s economic leaders speak in Pittsburgh

As a way to what President Barack Obama considers “fully restoring America’s economic strength,” the Economic Development Administration, U.S. Department of Commerce, has the mission to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.”

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THE POWER OF GREAT MINDS—Sharing information prior to a round table discussion are, from left: Provost David Jamison, ESQ, Robert Morris University; Willie C. Taylor, regional director of the Philadelphia Regional Office; and Dr. Howard B. Slaughter Jr., president and CEO of Christian Management Enterprises, LLC.

In town promoting its programs and policy and gaining insight on economic progress in the Pittsburgh area, EDA officials participated in a round table discussion April 29, attended by area practitioners and stakeholders. Willie C. Taylor, regional director of the Philadelphia Regional Office described Pittsburgh as being at a pivotal point and the backbone of the region along with Boston, Philadelphia, D.C., Baltimore, New York and New Jersey.

Last Updated on Monday, 03 December 2012 19:20

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Investing is a plan, not a product

DamonCarrBox

I’m often asked questions such as, “What’s a good stock to pick?” or “How is the stock market doing?” These questions are generally followed up with statements such as, “I don’t invest because I know very little about stocks.” or “I don’t invest because I’m afraid I will lose all my hard earned money.” These are legitimate concerns. One should know, however, that America has the largest, richest economy in the world. Although it’s true that any investment you make is subject to risk that involves a possible loss of the money invested, a balanced mix of investment products will help to offset potential losses.

Last Updated on Monday, 03 December 2012 19:20

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‘Power Moms’

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From a colloquial perspective—“If Mama ain’t happy, ain’t nobody happy!”—we’ve long understood the power of mothers. Now The Nielsen Co., which tracks consumer trends and behavior around the world, has actual data that supports the adage as well. So in honor of Mother’s Day, May 9 (I know you won’t forget!) I want to focus on the growing economic power of moms.

Last Updated on Monday, 03 December 2012 19:20

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Foreclosures and scams; don’t let it happen to you

JoycePaynebox

(NNPA)—Like a relentless tide, foreclosures are pressing people into corners; closing in and eroding their ability to keep their homes. This is the reality confront­ing millions of American homeowners—many of them over 50 and many of them people of color. Sadly, the dream and investment of a lifetime—home ownership—is slipping away as job loss, the cost of getting sick, high interest rates and battered retirement funds challenge consumers’ ability to keep up with their mortgage payments.

Last Updated on Monday, 03 December 2012 19:20

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