Black Business Blast: Rihanna Invests in Million Dollar Home

Filed under: Celebrity News, Careers, The Economy, Housing

After a busy and tumultuous past few months, young millionaire Rihanna may be using her money to settle down on her own. Housing rumor has it that the funky beauty has purchased a $10 million dollar home in Los Angeles. This is a strong move, after being a public victim of abuse. Read below for more notable events in finance, housing, the economy and more from an African American perspective.

♦ 5 Tips for Homebuyers as the Deadline Approaches for $8,000 Stimulus
The $8,000 federal tax credit for certain qualified home buyers is scheduled to expire December 1, 2009. Don’t be fooled by this deadline. This does not mean you have three months left to find your new home and make an offer.
The Money Coach

♦ Study Shows Psychological Impact of Unemployment
A new Rutgers study reveals the impact of unemployment on the individual, including depression, anxiety, and strained relationships.
BusinessWeek

♦ Using Cash Helps Consumers Escape Debt
Buried in credit card debts? Experts across the board suggest adopting a cash-only lifestyle.
The Grio

♦ B in the Spotlight… Chike Ozah
Meet a New Orleans Director – Designer – Entrepreneur putting his name on the map.
The “B-Life”

♦ The Shrinking Plus-Size Apparel Market
To no one’s surprise, apparel sales have been going down over the past year — but the plus-size market has been hit especially hard.
The Budget Fashionista

♦ NYU Business School Gets its First Black Dean
Peter Blair Henry, a Jamaica-born Rhodes Scholar, moves to NYU in January 2010 from Stanford, where he’s currently holding the post of Konosuke Matsushita Professor of Economics. He’ll be NYU’s first black business school dean.
The Network Journal

♦ Five Safe Investments
If you are looking for some really safe investments, you should consider one of these five options.
Out of Debt Christian

♦ Low-Wage Workers Are Often Cheated, Study Says
Low-wage workers are routinely denied proper overtime pay and are often paid less than the minimum wage, according to a new study based on a survey of workers in New York, Los Angeles and Chicago.
The New York Times

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