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Tag: fact

  • Obama’s Fed Chairman Makes Racially Ignorant Remarks: Dr Boyce Analyzes

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    I’ve always had mixed feelings about Federal Reserve Chairman Ben Bernanke. I feel that he is better than the previous chairman, Alan Greenspan, but the Fed Chairmanship (like the presidency) is almost never given to the right man. Just the fact that it is almost always given to a man is problematic enough, and the truth is that only white men need apply for the job.

    Well, when you are limited in your option pool for the top job, bad leadership and flat out ignorance can sometimes be the result. While Fed Chairman Bernanke might know some nuts and bolts about economics, he appears to be shockingly misinformed about economic disparities between blacks and whites. His embarrassing and highly inappropriate statements at Morehouse College serve as a significant case in point.

    In a recent interview at Morehouse, the Fed Chairman was asked what he felt to be the reason for the wealth gap between blacks and whites. In response, Bernanke said that the gap was due to a lack of “financial literacy” and “financial education” on the part of African Americans. That’s all he mentioned.

    What? Sorry Ben, but did you ever hear of this little thing called “slavery”? What about this other thing called “Jim Crow laws,” which made it nearly impossible for African Americans to pass wealth onto their children? Do you truly believe that whites have the bulk of American wealth because they were simply harder working and more intelligent in their wealth building strategies? Do you know how silly you sound?

    According to the 2007 Survey of Consumer Finances, the median household wealth of white Americans is 10 times greater than that for African-Americans. And in spite of what the Fed Chairman might believe, it is not due to the fact that black people are financially ignorant. Rather, it is due to leaders such as Bernanke who refuse to acknowledge how 400 years of racially-biased wealth distribution can impact structural and financial inequality.

    The other point that Mr. Bernanke fails to mention is that white American saving and investing habits are incredibly problematic as well. The recent financial crisis was due to the fact that the American savings rate had become negative for the first time since the Great Depression. Additionally, Americans (not just black people Ben) were borrowing money for homes they could not afford and not preparing for retirement. So, the idea that Chairman Bernanke would sum up the black/white wealth gap as “White people smart….black people illiterate” is a shocking disappointment and a glaring reminder of the fact that our economic captains in the Obama Administration have almost no understanding or respect for the unique economic challenges of the African American community.

    I won’t even get into Obama’s appointment of Lawrence Summers as Treasury Secretary, given that Summers disrespected Dr. Cornel West, one of the most significant black scholars in American history. During a spat when Summers was president of Harvard, he criticized Dr. West’s work as not representing “appropriate” scholarship. Translation: you are doing something that white scholars don’t understand, which thus implies that you must be inferior – I get it all the time here at Syracuse, a school that hasn’t tenured a black man in Finance in their entire 140-year history – perhaps we lazy black folks are just not good enough. Professor Summers is also the one who implied that women might have a natural deficiency in their ability to understand mathematics. The idea that Obama supports individuals who continue to embrace mindsets reflective of white male supremacy should be problematic to us all. The financial team within his administration needs a makeover, and their “expertise” and qualifications should be questioned by the American people.

    A note to Chairman Bernanke: The present around us has been created by a set of tasks that were performed in the past. If you are only able to see wealth disparities through a lens created in the year 2009, one that is blurred by your own biases as a white male in an elitist profession, you are missing 99% of the picture. To cite African American ignorance as the sole driver of wealth gaps in America is a reminder that our leadership still thinks of black people as second class citizens. Rather than presuming cultural superiority on the part of whites, why not engage in creative and intelligent policy analysis that might actually fix the problem that America has created. It was not the flaws of black America which created structural inequality; it was poor decision-making on the part of the very institution with which men like Bernanke, Summers and Obama are employed. It’s time for some personal responsibility.

    Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of the forthcoming book, “Black American Money.” To have Dr Boyce commentary delivered directly to your email, please click here.

     

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  • Roxanne Shante: Coming Clean, Saying Sorry, Being Thankful and Fighting Cancer

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    Roxanne Shante: Coming Clean, Saying Sorry, Being Thankful and Fighting Cancer

    In April, a New York Daily News article about how ’80s rap music pioneer Roxanne Shante forced her record company to finance her college education (resulting in a degree from Marymount Manhattan College and a Ph.D. in psychology from Cornell University) tugged at the heart-strings of Hip Hop America. Soon after, a firestorm of controversy ensued when an article on Slate.com debunked the inspiring story.

    Roxanne Shante (nee Lolita Shante Gooden) is widely recognized as the first female hip hop artist to break through the male dominated industry. At the age of 16, she became a household name with songs including ‘Roxanne’s Revenge’ – an “answer” record responding to U.T.F.O.’s popular ‘Roxanne, Roxanne.’

    She offers Blackvoices.com some insight on the controversy and her very real life battle with breast cancer … in her own words.

    In March, I noticed a lump in my left breast, rather small at the time and didn’t really know what I was feeling. So instead of going straight to the doctor’s office, I started asking friends their opinion and trying to go by their experiences. It was such a stupid move. Well, I figured I was just getting older. A hysterectomy in my early thirties led me to believe that I would be fine. Another stupid move.

    I let months go by – five months to be exact. The weight loss of over 40 pounds made me feel like, “Damn, this diet is finally working.” But then I remembered I wasn’t on a diet. So on a bright, sunny day in August 2009, I walked into Doshi center for a mammogram. I put on the gown and stepped up to the machine. As soon as the technician took my breast in her hand, she asked me how long had I had the lump. It’s huge, she said. I made a joke, she giggled, but I was scared and angry that I had waited so long.

    I was in denial. I event went so far as to ignore the letters sent by the lab that read: “Urgent!!! Please contact us.”
    I had gotten a call from the doctor, “I just received your images at my office and they have been trying to reach you for weeks. As soon as you get back to New York, you come to my office. This is your life.”

    I hung up, turned the phone off, walked out on the set and tried to pretend that the call never happen. But they did. And it showed on my face.

    The doctors was a different story, however.

    This is how the week went. Headlines: ‘No Ph.D. Roxanne’s Revenge,’ ‘Where are you Roxanne?’

    It was the ’80s all over again, but this time not to spark a career but to end over 10 years of charities, pushing education and giving and helping people and not too mention 25 years of hip-hop. But that’s nothing new. What about my children ? My 13-yea-old ? What if I die? So Tuesday another mamo, Wednesday ultrasound Thursday the bad news and then the surgery.

    So I felt all eyes were on me to tell women how important it is for them to get checked. It is only by the grace of God that I have been able to survive. I have been blessed to not only have survived the pitfalls of an industry that has destroyed so many, but to also survive just the everyday struggles of surviving all the negative that has come my way .

    Do I apologize? Yes, I do. But I am not asking for your forgiveness. I am sorry about a lot of things that I should’ve done differently. There were quite a few things that have been exposed with that article; the fact that I never received any royalties, the fact that I did go on to attend college (even if no Ph.D. was acquired), and the fact that at 14 years old and coming straight from the group home, I wRoxanne Shanteent on to create a career that even after 20 years of not making a hit record, was still pulling headlines.

    My platform was only telling our young people to educate themselves before getting in this industry, and that your lawyer, accountant, manager and record company shouldn’t all be under one roof or work together. No one ever told me that, so I felt the need to pass that along to our young people.

    And now I have another testimony.

    To be called Dr. Roxanne Shante was and is a privilege. But with that privilege comes pressure. I also had to live and talk like someone with a doctorate–not an easy task at all. I had to make sure that people felt healed and inspired after speaking with me.

    And you know what? I accomplished that every time. But only with God’s help.

    So, yes, I apologize to all those who applied themselves and put in all the hard work that is required to acquire a Ph.D. I admire you all. But don’t discredit all the hard work and sacrifices so many others have also done to also reach their goals.

    I apologize again but I don’t request your forgiveness, because I have already been forgiven by who matters: God. Sorry I can’t hold my head down because my crown may fall off.

    Life begins at 40.

     

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  • Higher SAT Scores and Getting Ready for College: Dr Boyce Tips

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    I was asked recently how to prepare for college. I was also asked how to pay for it. Well, what might surprise you is that paying for college and preparing are actually closely related. The better prepared for college your children are, the easier it will be for them to pay for college with scholarships and other financial support. So, rather than spending money on new Air Jordans for your child, spend that money to help them to find a tutor.

    Here are four things about getting higher SAT scores and preparing for college that you should keep in mind when dealing with your kids.

    1) Good ACT and SAT scores don’t come naturally, you have to prepare. Some people think that you are going to magically end up in college just by saying that you want to go. Some think that you should take the ACT and SAT cold, and that natural intelligence will carry you through. That’s not the case. Your child should prepare for college like it’s a part-time job: studying 2 – 3 hours each day, for several months straight. Yes, that sounds like a lot of work, but is it really very much when compared to the fact that most of our kids are fine with working at McDonald’s for four or five hours a day, or going to football practice for three hours a day after school? Education MUST be the number one priority in your household if you want your children to have a bright future.

    2) Make sure your child is taking classes that will truly prepare him/her for college. With the horrific state of the American educational system, the truth is that we can’t trust the system with our children. Making good grades is not enough when it comes to ensuring that your kids are prepared. Make sure that they are taking classes that meet the standards of attending college, and this will reflect itself in higher SAT scores. Check with the university of your choice to ensure that your child is enrolled in the classes necessary to get into that school.

    3) Apply to at least 12 universities. The more irons you have in the fire, the more likely it is that one of them is going to get hot. Have your child do one college application every two days for one month. that will give him/her roughly 15 applications to various colleges. You can then find out which schools have needs that match the things your child has to offer, and you should make sure that your ACT and SAT scores are high enough to get into the places you apply. You’ll never know what opportunities are out there unless you apply for them.

    4) There should be no use of the word “if” when preparing for college. I hate the fact that there are so many people who are afraid of college or think that it only works for someone else. I teach at a university that charges over $30,000 per year, and I argue that any 10th grader of average intelligence could get a good grade in my class, if they study each day consistently. I don’t care what your SAT scores happen to be, college is not nearly as difficult as some might lead you to believe, and the truth is that it can change your life forever. It certainly changed mine, and I was told that I wasn’t smart enough for college in the first place.

    Dr. Boyce Watkins is a professor at Syracuse University and author of the book, “Everything You Ever Wanted to Know about College.” To have Dr. Boyce commentary delivered directly to your email, please click here.

     

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  • Chris Rock Gets Real Sensitive About AOL and Good Hair

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    Maybe everybody hates Chris, but I don’t hate him at all. Most of us know Chris Rock for the genius that he is, and the way he intelligently and hilariously describes the world around us. So, you can imagine my dismay when I got a call from Charlamagne Tha God, morning host for 100.3 “The Beat” in Philadelphia, who told me that Chris Rock had some choice words for AOL Black Voices and the criticism he has received for his film, “Good Hair.”

    Chris seemed to feel that those claiming that the movie bombed at the box office were incorrect, since the film was only released in a few theaters. He even (accurately) explains that saying his film bombed is like “comparing the movie ‘He Got Game’ to ‘Star Wars’.” Good point. Here are some other issues that Chris brought up and how some of these issues relate to wealth, power and ownership.

    Chris discusses how difficult it is to do shows, commentary and films for a black audience. This is true, given that African American audiences are not as large as non-black and global audiences. In fact, when Ice Cube (my favorite rapper) released “Janky Promoters,” one of the statements made by an executive at the studio was that black movies have almost no global sales market. I am not sure if this was a racist fact or not, but it certainly is a fact.

    Chris’ interview (below) was quite intriguing for a number of reasons:

    1) He was criticized for saying that Oprah looks like a slave in one of her pictures. He says that he wasn’t saying that she looks like a slave (Oprah is one of his wealthy and powerful friends, he wouldn’t be that stupid – I learned firsthand about the backlash you can get from criticizing Oprah); he was saying that the picture was so old that it looked like a slave picture.

    2) Chris seemed incredibly emotional and highly flustered in the interview. I am not sure if this is an act, but I certainly hope it is. Chris Rock is a vet in the game, and I’d be shocked that he would be so sensitive about criticism for his film. Chris sounds like he needs a hug from his mama. If his mama is not available, he can borrow mine.

    3) Chris mentions in film that black men can be portrayed any old way, while people seem very sensitive to any portrayals of black women that are in the least bit critical. I actually agree with Chris when he says that anyone who criticizes his film needs to see it first. Also, being critical of black women is not exactly a popular thing to do – I find it interesting that all the problems of the black family and black relationships mentioned in Essence Magazine tend to be blamed almost entirely on men. The truth is that in a community, it takes two genders to Tango.

    4) Chris is a businessman: He mentioned that he would not release a film about black women if black women didn’t like it. During survey testing, he claims that 99 out of 100 black women like the film. The lesson here is that most products are not released to the public unless they are fully market tested. Also, the size and scope of the African American market makes room for a small number of films. At the same time, it is my hope that Chris Rock and others will take ownership of the film making process to ensure that more movies are made for black audiences, using appropriate images. Anyone who saw the “ghetto girl” in the cinematic flop “Couples Retreat” knows what I’m talking about.

    5) He seems to have a bit of a beef with AOL Black Voices. When asked about critical comments that Chris received in AOL BV, the entertainer went back into “Need-a-hug-from-mama” mode. I have two things to say to Chris: First, AOL Black Voices is PLURAL, implying that there is no one voice, but many who represent a variety of viewpoints. I, for one, think that Chris Rock’s work is outstanding, but I don’t represent all opinions on this site. Secondly, if Chris has a concern with comments that have been made, he should do what he did today – stand up for himself!

    In China, they have a saying, “The fattest pig will always get slaughtered.” Chris my man, you’re the fat pig – so don’t be surprised when the haters come out to turn you into pork chops. But make sure you also remember that everybody doesn’t hate Chris, a lot of people think you’re pretty cool.

    Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of the forthcoming book, “Black American Money.” To have Dr. Boyce commentary delivered to your email, please click here.

     

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  • Michelle Obama Inspires Women To Achieve Higher Education

    Michelle Obama Inspires Women To Achieve Higher Education

    On January 20th this nation witnessed history with the inauguration of the 44th President Barrack Obama. A Black Man had been voted into office to represent our nation. Also of note, was the fact that the country was in a bad way from one of the worst economic eras in U.S. History. While these events have had an impact on the world at large to variable degrees, one portion of U.S. residents have been deeply affected by the implications. Woman, and African American women in specific, have been profoundly struck by the impression of the First Family and Michelle Obama. On the day of victory, when she strode out on the stage to be by her husband, President-Elect Barack Obama’s side, women could not help but acknowledge her poise, confidence and grace. She was an inspiration to all women; black, white or brown.  Michelle Obama exemplifies all that embodies a woman and achieved soul. She is a exquisite mother, a nurturing provider, as well as a lawyer, executive, and public servant. A professional and domestic winner by any measure.

    During her many speeches, Michelle Obama encourages women to validate themselves, their intelligence, and home values. She advises them to seek additional education in an effort to insure better job opportunities. She is a superior model of how a woman can juggle parenthood along with other social responsibilities. (Her appointments by far surpassing that of most women on a daily basis). She is visible proof that woman can achieve anything they put their minds to. She has been cited as stating “…being a good mother isn’t all about sacrificing. It’s really investing and putting yourself higher on your priority list.”

    A alumnus of Princeton University and Harvard Law School, Michelle Obama recognizes the importance of educational activity.  She avidly endorses President Barack Obama’s educational scholarship programs, (himself a recipient of several scholarships and student loans) and has cited papers from census bureau data that shows improved education frequently results in stronger earning power. In fact, prior to becoming the First Lady, Michelle Obama was vice-president of Community and External Affairs at the University of Chicago. Under her direction, enrollment and participation of women in the residential area sky rocketed. Without surprise, many women adopted her mindset and studied careers in the field of law.

    In these terrible economical trials, there are few industries poised for increase. Any legal field, and specifically, employment in the criminal justice field, will remain stable or grow at times of domestic fiscal downturns.  With less occupations and opportunities available, more people embrace to crime. Its an calamitous turn of events, but it presents an opportunity to take action on plans being proposed and supported by the Michelle Obama. Click the link to get started with your criminal justice career .

  • Financial Lovemaking: Managing "Baby Mama Drama"

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    Most of us know about “baby mama drama,” since some of that drama may occur within your own home. What is also forgotten is that there is a huge emotional and financial toll taken by the mating and dating choices that we make early in life. Having multiple children is expensive enough, but having multiple children in multiple households leads to a peculiar mix of unpredictable and complex psychological variables which may impact your ability to find peace and happiness.In this episode of “Financial Lovemaking,” S. Tia Brown and I discuss the art of managing multiple households and all the responsibilities that come with it. Here are some quick pointers on financial responsibility when dealing with and avoiding “baby mama drama.”

    1) Don’t create the drama in the first place. I tell my daughters that if you don’t think someone would be a good parent for your children, you shouldn’t sleep with them. In fact, you shouldn’t even go on the first date. This may sound far-fetched, but how many young parents go on a date with someone they just planned to “kick it with”, only to find their children being raised by the ignorant fool that they knew they should never have messed with from the beginning? Those who are not intelligent about their dating and mating choices early in life can end up with a lifetime of incredibly expensive child support. These huge financial obligations will virtually obliterate your ability to have another family or reach your personal financial objectives.

    2) Realize that there is no substitute for time. Some parents are tempted into believing that sending a big check is a replacement for spending time with their children. This is ultimately incorrect. Your kids are going to remember the time you did or did not spend, not how much money you sent.

    3) Create a budget. If you have a long list of parental obligations, make sure you keep a carefully designed budget and stick to it. You may also want to consider the fact that having a bunch of kids in multiple households is going to require you to have massive earning potential. I paid 18 years of child support myself, and I honestly think I spent enough money to fund NASA and the United Negro College Fund. Although I adopted kids later in life (I believe it takes a village to raise a child and black men should be willing to step up to do this), I was at least smart enough to avoid another pregnancy. I have made many mistakes in my life, but I usually only make them one time.

    4) Don’t play favorites. Emphasize to your children the importance of making sure you treat them all the same. How you deal with your kids will have a lasting impact on them into adulthood. You can’t guarantee that they are going to believe that you were fair (there’s always one who thinks the others were treated better), but you can at least do your best to avoid this problem.

    5) Realize that it takes two to Tango. You didn’t create the baby by yourself, so you should ensure that the non-custodial parent has an opportunity to spend time with his/her children – in fact, you should demand it, even if the kids aren’t interested. As much as black men get a bad rap for not wanting to see their children (sometimes rightfully so), there are thousands of fathers across America who’ve been victimized by mothers who want money, but don’t see the significance of influencing the children to spend time with their father. They are his children too, remember that, and if you are speaking negatively about the father when the kids are around, you should realize the long-term damage you are doing to your own offspring. Children should be targets of our love and affection, not possessions to be used as a source of power – think about that when you use the words “MY kids” when speaking with the other person who created them.

    The episode is below, check it out!

    Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of “Financial Lovemaking 101: Merging Assets with Your Partner in Ways that Feel Good.” To have Dr. Boyce commentary delivered to your email, please click here.

     

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  • Tameka Foster: Are Black Women To Blame For Her Negative Image?

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    Whether her divorce decree from Usher was signed off by the judge or not, Tameka Foster‘s near-two-year marriage to the international music superstar is still over.

    That’s a fact!

    Yet, the 40-something-year old single mother of five children (allegedly by three different men) says she was not given a fair shot in the way she was being “judged.”

    That’s a fact!

    The Oakland native (pictured above with beautiful dark-skinned actresses Keshia Knight Pulliam and Tasha Smith last year) spoke to Isoul Harris for Upscale magazine’s September/October edition.

    That’s a fact!

    In the Atlanta-based Bronner Bros.-owned magazine, she tells the esteemed former Rolling Out newspaper editor that she didn’t fit the image of the kind of woman people thought Usher should marry.
    Usher Raymond
    That’s a fact!

    Oh, is that why it didn’t work? That’s a question asked by some. That’s a fact!

    “I understand where all the negativity comes from,” she said. “Unfortunately I think that some black women are – subconsciously – not in love with the image they see in the mirror. Therefore in turn they do not love someone like me. I look too much like them.”

    Hmmmm.

    The only woman that I think Tameka Foster Glover Raymond looks like is one of my all time black spiritual leaders: Prophetess Juanita Bynum.

    That’s a fact!

    What about you?


    Like Foster, Bynum appeared on the cover of best-selling women’s magazine Essence.

    That’s a fact!

    A renowned best-selling author and televangelist, the 50-year-old Chicago native is also a regular motivational speaker during Essence Music Festival’s Empowerment Seminars in New Orleans, which is populated mostly by black women.

    That’s a fact!

    “People passed judgment without getting to know me,” Foster opined to Harris, then asked, “How can you get the entire concept of who I am from a blog?”

    The September/October edition of ‘Upscale’ magazine — with actress Taraj P. Henson on the cover — is on some newsstands now.

    That’s a fact!

    Below, BV Newswire takes a look at other women who were/are spouses to famous men – who are not judged and have successful careers for their own talents. Check out these bold soul sisters who are off on their own…

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    http://www.aolcdn.com/ke/media_gallery/v1/ke_media_gallery_wrapper.swf
    Successful Spouses
    Doing Their Own Thing
    While gold digging hoochie mamas vying to marry rich and successful men will never get old, there is a flip side to that: women with talent and skill and a drive to stand on their own. Blackvoices.com takes a quick look at the successful spouses of famous men.
    Getty Images

    BHM MEDIA NEW

      While on a family vacation with Tom and Suri, Katie Holmes hit the beach near Rio de Janeiro in this blue one piece.

      bauergriffinonline.com

      Rihanna hits the stage at the NFL Pepsi Smash Super Bowl Concert in a pair of knee-high black boots. What do you think about the pop singer’s look?

      Kevin C. Cox, Getty Images for NFL

      Mischa Barton wore this Elie Saab couture mint green gown to the Fashion Dinner for Aids at the Pavillon d’Armenonville. Is Mischa’s look a hit or miss?

      Eric Ryan, Getty Images

      Heroes star Hayden Panettiere arrives at the NBC Universal Pre-Super Bowl event at Portofino in a black tuxedo jacket and dress with a plunging neckline. Is the Hollywood starlet hot or not?

      Gerardo Mora, Getty Images

      Diane Kruger wore Nina Ricci for the Fashion Dinner for Aids at the Pavillon d’Armenonville. Is her dress a mess or amazing?

      Eric Ryan, Getty Images

      Kim Kardashian opted for this floral strapless Tracey Reese dress for the 2009 Moves Magazine Super Bowl Party at The Venue Club. Let us know what you think about Kim’s look.

      Tim Boyles, Getty Images

      Burlesque beauty Dita Von Teese wore an ice blue Elie Saab (left) satin dress at the Fashion Dinner for Aids at the Pavillon d’Armenonville.

      Dominique Charriau, WireImage

      Spanish actress Penelope Cruz appeared at the the 2009 Goya Cinema Awards in Madrid in this black lace Chanel gown. Is it a win or a loss?

      Carlos Alvarez, Getty Images

      Amy Adams wore a Jasmine di Milo gold and silver sequin backless dress and Christian Louboutin heels to the 61st Annual Directors Guild of America Awards.

      Frazer Harrison, Getty Images

      Being thousands of miles away didn’t stop Meryl Streep from celebrating the inauguration. The actress wore this Catherine Malandrino flag dress to the Paris premiere of Doubt.

      Julien Hekimian, WireImage

     

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