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Obama tells Congress: Act soon on financial reform

WASHINGTON (AP)—The U.S. needs major changes to its financial system so consumers are better protected, banks fortified and the economy safeguarded from sliding into another Depression, President Barack Obama said Saturday.

Obama
President Barack Obama at the Patriot Center at George Mason University in Fairfax, Va., March 19.

In his weekly radio and Internet address, Obama told Congress to act quickly and pass “common sense rules that will our allow markets to function fairly and freely while reining in the worst practices of the financial industry.”

Last Updated on Monday, 03 December 2012 19:20

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Black support high for Obama’s race-neutral stance

by Jesse Washington

CHARLOTTE, N.C. (AP)—In this banking center walloped by the Great Recession, where unemployment just hit a 20-year high and as many as one in three Black people are out of work, Blacks could easily be frustrated with President Barack Obama’s insistence that a rising economic tide for all will lift African-American boats.

Supports-Obama
SUPPORTS OBAMA— James Norris is shown in Charlotte, N.C., on March 17. In this banking center walloped by the Great Recession, where unemployment just hit a 20-year high and as many as one in three Black folks are out of work, Black people could easily be frustrated with President Barack Obama’s insistence that a rising economic tide will lift African-American boats.

Yet despite surging discontent among some Black advocates over Obama’s refusal to specifically target rising Black unemployment, it’s hard to find average Black folks here who disagree with the president’s approach.

Last Updated on Monday, 03 December 2012 19:20

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Change your life by definition

“If I ask 100 different people, they will give me 100 different definitions of success. But I define success as the pursuit of a worthy ideal.”—Napoleon Hill, author of the best-selling book, “Think and Grow Rich”

FarrahGrayBox

That is Napoleon Hill’s definition of success. It may work for you, but just because he is a best-selling author does not guarantee that it will. Each individual must create his/her own definition of success in order to be successful. I believe there are four components to defining success from an individual perspective:

Last Updated on Monday, 03 December 2012 19:20

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What’s your opinion of Money Merger accounts to pay off mortgages?

DamonCarrBox

I recently read about a money merge account that can help you pay off your mortgage early. I am confused as to how this works. I think that you have to purchase some sort of software and deposit your income into a HELOC account that has a variable rate. Please educate me on this. Thank you for your advice!

Signed—Woman seeking to pay off her mortgage early.

Last Updated on Monday, 03 December 2012 19:20

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PepsiCo to focus on healthier foods, cuts salt

by Emily Fredrix

NEW YORK (AP)—PepsiCo, largely known for junk-food brands such as Doritos and Pepsi, is setting out to triple its sales of healthier fare in the next decade.

MediaDay
MEDIA DAY— PepsiCo Chairman and CEO Indra Nooyi speaks to reporters during PepsiCo media day and investor expo March 22 in New York.

PepsiCo Inc. unveiled the new goal for brands such as Tropicana, Dole, Quaker and Tazo teas on Monday at an investor event. The company also backed its forecast for long-term earnings growth.

Governments around the world are exerting pressure on food makers to improve nutrition. But Pepsi is also making the case that it’s just as much consumer demand that’s driving the changes.

Last Updated on Monday, 03 December 2012 19:20

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