UK Economic Growth Gains Speed In May

Britain’s economic growth gained momentum in May, after stalling earlier this year, adding fuel to expectations that the Bank of England will raise interest rates in August. Gross domestic product rose 0.3 percent month-on-month in May after a 0.2 percent increase in April and a flat reading in March, the first ever monthly estimate from the Office for National Statistics revealed Tuesday.
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China accuses the US of launching the ‘largest trade war in economic history’

China implements retaliatory tariffs on imports from the U.S. immediately after new U.S. duties take effect.
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South Africa’s Black Economic Empowerment Law To Earn Black Investors $1.3 Billion

Vodacom Group, Africa’s second largest mobile communications company, will pay out approximately $ 1.3 billion to its black investors as part of the company’s participation in the black economic empowerment (BEE) effort, enforced by South African law.

The company said on Monday that it had “entered into an agreement of up to R17.5 billion with its existing black economic empowerment (BEE) partners and a newly formed staff scheme” that will see the partners swap their current holdings in Vodacom South Africa for shares in its parent company, Vodacom Group.

Vodacom Group has agreed terms with Royal Bafokeng Holdings (RBH), Thebe Investment Corporation (Thebe), YeboYethu (existing BEE partners) and a newly formed staff scheme, whose combined interests will be consolidated into a new YeboYethu BEE structure that will own shares in Vodacom Group,” the company said in a news release.

In the approximately $ 1.3 billion agreement, BEE partners will exchange their current holdings in Vodacom South Africa for a shareholding of between 5.8% and 6.25% in Vodacom Group, the company said.

WHAT EXACTLY IS BEE?:

After its transition from Apartheid in 1994, South Africa’s African National Congress government decided to address the inequalities of Apartheid by redistributing assets and opportunities to South African blacks, Coloreds and Indian citizens, not available to them under White rule.

From South Africa’s own Treasury:

It is an integrated and coherent socio-economic process. It is located within the context of the country’s national transformation programme, namely the RDP (Reconstruction and Development Programme). It is aimed at redressing the imbalances of the past by seeking to substantially and equitably transfer and confer the ownership, management and control of South Africa’s financial and economic resources to the majority of the citizens. It seeks to ensure broader and meaningful participation in the economy by black people to achieve sustainable development and prosperity.”

In essence, BEE attempts to “create a degree of economic equality which would not itself be a natural market outcome” of the newly created political and socio-economic climate in the country. In plain English, the affirmative program is meant to level the playing field and spread the wealth to the historically oppressed people during Apartheid.  

VODACOM’S SHARE EXCHANGE:

Vodacom Group Limited, solely known as Vodacom, is a South African telecommunications company which provides voice, messaging and data services to over 55 million customers operating in over 40 African countries. The company is wholly owned by Vodafone Group plc, a British multinational telecommunications conglomerate.

In 2007, South Africa instituted the Broad-Based Black Economic Empowerment. The goal is to spread the wealth across a broad spectrum of disadvantaged South Africans, which is in contrast to the original BEE which was narrow-based and focused only on equity ownership and management representation. The new law ensured that black employees and citizens were able to purchase shares in privately held and public corporations.

The three investment groups named in the $ 1.3 billion share swap: Royal Bafokeng Holdings (RBH), Thebe Investment Corporation (Thebe), YeboYethu (existing BEE partners) are all community, South African and black-controlled investment groups. Royal Bafokeng Holdings (RBH), for example is a community investment company, entrusted with the unique responsibility of preserving and growing the financial capital of the Royal Bafokeng Nation (RBN), an ethnic homeland of the Bafokeng people. Although Thebe Investment Corporation’s ownership structure has changed over the years, the ANC still has a controlling stake in the empowerment group (investment firm) through Batho Batho Trust, founded in 1992 as an ANC investment company, ensuring that black wealth is passed down to generations of black South Africans.

The third investment group, YeboYethu Limited, a publicly traded company, was formed in 2008 as an employee stock ownership plan to buy and hold Vodacom SA shares for the benefit of its shareholders. When Vodacom formed the company in 2008, it issued 14.4 million YeboYethu ordinary shares at R25 each ($ 1.88 in 2018 USD) and as a result a public offer, more than 102,000 qualifying black investors bought a stake in Vodacom SA.

WHAT BLACK INVESTORS GET:

When October comes around, Vodacom will unwind the empowerment transaction it initiated in 2008 and there will be R3 billion ($ 226 million) dividends for participants to share. At R67.28 per share, that represents a return of 2.7 times on their original investment, Vodacom said. Also, investors will now have shares in Vodacom International group rather than Vodacom SA.

  • YeboYethu will remain listed on the BEE segment of the Johannesburg Stock Exchange
    5.8% – 6.25% deal that consolidates the BEE shareholding, through YeboYethu, at Vodacom Group level
  • Transaction delivers R7.5Bn of value to existing BEE shareholders, 6.7 times the original capital investment
  • R3.0bn special dividend to current BEE shareholders, representing 2.7 times their original equity contribution
  • Will increase Vodacom Group’s effective BEE ownership to 20%

The post South Africa’s Black Economic Empowerment Law To Earn Black Investors $ 1.3 Billion appeared first on Black Enterprise.

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Economic growth for second quarter is on track to double 2017’s full-year pace

In its most recent forecast, the Atlanta Fed said the three-month period is tracking at a 4.6 percent gain.
Economy

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US, China launch trade talks to avert tariff war, economic damage

The United States and China launch a second round of trade talks to try to avert a damaging tariff war.
Economy

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Pruitt to hear economic arguments in enforcing Clean Air Act

WASHINGTON (AP) — Environmental Protection Agency chief Scott Pruitt on Thursday announced a major shift in enforcement of the landmark Clean Air Act to include feedback from state and local governments and others on the economic impact of federal pollution limits.
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President of Largest Black-Owned Bank: Boomers Can Learn Economic Optimism from Millennials

As graduation season approaches, most black parents have high anxiety about how our children can possibly achieve the American dream given economic inequality in America, while our children are confident their journey will be smooth and successful.

What if they’re right?

Research indicates a need for high anxiety. A recent study by Prosperity Now, The Road to Zero Wealth, quantifies the accelerating decline in black wealth over the past 30 years and projects if current trends continue, by 2053, black households will have a median wealth of $ 0! Furthermore, income inequality between blacks and whites is driven entirely by racism toward black boys, even when raised in wealthy black homes, according to a recent study by Stanford, Harvard, and the U.S. Census Bureau. While our children may be overly confident, we also have much to learn from them.

[RELATED STORY: STUDY: EVEN WHEN BORN INTO WEALTH, MANY BLACK BOYS DESTINED TO BECOME POOR] 

Are we underestimating Millennials?

As president and owner of OneUnited Bank, the largest black-owned bank in America, I have the opportunity to speak about financial literacy with many black communities across the country. Their feedback indicates a generational divide between baby boomers and millennials that begs the question, is past prologue? Are we underestimating our children?

For instance, for many years OneUnited Bank presented itself as a community bank that happens to be black-owned. About five years ago, we recognized the importance of speaking in our authentic voice to better serve urban communities and became unapologetically black. When young blacks hear this, they immediately snap their fingers as if to say “Amen.” Baby boomers, believing their “ice is colder,” often perceive black-owned institutions as offering less service at higher prices than a white company even when untrue.

I was blindsided once when after the typical recitation of my personal story, including Brown University, Harvard Business School, and working in the top ranks of Bank of America and American Express, someone asked, “But who are you?”

A black artist commissioned to paint an authentic mural of the black experience on OneUnited Bank’s Miami office pushed me to reflect. I finally recognized that more meaningful than my résumé, I am the great-grandchild of Annie Coachman, aka Ma Honey, who owned a barbecue pit, juke joint, candy store and real estate in Indiantown, Florida, a small town where blacks lived on one side of the railroad tracks, whites on the other. I lost touch with the enduring role Ma Honey played in my life, partially because she passed away my freshman year, but more because of the condescending reaction I experienced at Brown to my Indiantown roots.

My personal story touches a nerve with baby boomers who experienced the journey from segregation to integration. Some of them even shed a tear for the undervalued “Ma Honey” in their lives. Millennials and Generation Z, whose formative years were punctuated by the presence of a black president, make it clear they have no doubt about the value of their culture and roots, and have no tolerance for inauthenticity. For them, black is “lit.”

The generational differences are real.

While baby boomers express ambivalence about being perceived as “too black” and may even prefer the term “urban,” millennials created the #BankBlack and #BuyBlack movements, driving millions of dollars to black-owned banks and businesses. Since OneUnited Bank has embraced its “unapologetically black” voice, including our advocacy for social justice and #BlackLivesMatter, our customer base has doubled.

The black community is more focused on its $ 1.2 trillion in annual spending and the inaugural We Buy Black Convention is taking place in Atlanta in November.

With 43% of the 75 million millennials identifying as African American, Hispanic, or Asian, if a brand doesn’t have a multicultural strategy, it doesn’t have a growth strategy, according to Nielsen. Black consumer choices have a “cool factor” that moves markets. Hip-hop and authentic black performances— such as “Black Panther,” Pulitzer Prize-winning artist Kendrick Lamar and Beyoncé—have shaped global culture and generated billions. And black consumers are more likely to interact with brands on social media, use social networks to support companies and brands, or conversely, “call out” companies perceived to disrespect the black community.

There is no question economic mobility remains challenging for the black community, and we need to double down on our fight for social and economic justice. And as parents, we are rightfully concerned about our children’s future. Yet, we must also acknowledge black youth and young adults are a powerful voice and a growing economic force who can succeed against the odds because, in their minds, Wakanda is real.

The post President of Largest Black-Owned Bank: Boomers Can Learn Economic Optimism from Millennials appeared first on Black Enterprise.

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Iran’s currency crisis could bring it one step closer to economic collapse

Iranians are scrambling for U.S. dollars as Iran's currency, the rial, plummets to historic lows amid economic and political uncertainty.
Economy

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Childcare Workers are Striking for Economic and Gender Justice in Australia

Late last week, hundreds of childcare centers across Australia shut their doors in order for their workers, historically underpaid and widely under-appreciated, to walk off the job as part of a national strike for higher wages.

The sector-wide strike, just one aspect of a longstanding campaign for fair pay, was spurred by Australian prime minister Malcolm Turnbull’s failure to meet a February 1st deadline for fulfilling their demand for better wages. Australian childcare workers earn an average wage of $ 21.29 per hour. The union representing them, United Voice, had called for a 35 percent pay raise.

United Voice reported that 320 centers were closed by the strike, affecting 30,000 families. “This has enormous support,” assistant national secretary Helen Gibbons told ABC News. “From Darwin to Tasmania, from the east coast to the west coast, we are going to see early educators walking out of their centers and joining various rallies and actions across the country, and they’ll be joined by parent groups and the wider community.”

In what became a five-year equal pay case with the Fair Work Commission, United Voice was asked to prove that early childcare work is undervalued and underpaid as a direct consequence of being a female-dominated field. The case was ultimately dismissed by the Fair Work Commission, which claimed that the unions had not presented “any evidence whatsoever” to make their case. But numbers, history and childcare workers themselves would say otherwise.

The Australian childcare sector is 97 percent female, and its workers make only marginally above half the national average wage. Early childhood educators are among the lowest wage earners in Australia, despite their training and well-earned competence in their field.

The wages assigned to the field of childcare represent, in large part, a systematic devaluation of care work—a sector often inhabited, and always assigned, to women. Nancy Fraser, a professor of philosophy and politics at The New School, told the New York Times in a 2015 interview that there exists an “institutionalized separation of two supposedly distinct kinds of activity: so-called productive labor, historically associated with men and remunerated by wages and on the other hand, ‘caring’ activities, often historically unpaid and still performed mainly by women.”

The result of this has been a historically chronic undervaluation of care work—and women. Australian Senator David Leyonhjelm just last year voiced his own dismissal for the challenges of childcare workers, asserting that their labor consisted primarily of “wiping noses and stopping the kids from killing each other.” In a Facebook post, he expressed condescending surprise that those employed in childcare centers needed certain credentials to do their jobs.

“I started out doing casual childcare work and [my job] just grew from there,” Sandra Bell, co-founder of the Randwick Occasional Care for Kids, told The Guardian. “At the moment, we have eight babies in a room with two staff and it’s draining physically and emotionally. Our wages are ridiculous. We educate these children, we’re not babysitting. I’ve been working at this centre for 38 years and have been a single mum for 30. I have a mortgage and no hope of retiring. I have to keep working as long as I can, until my health tells me otherwise.”

The World Economic Forum, in a study led by Nobel Laureate in economics Jim Heckman, found that children’s interactions with adults in early education, when strong, are singularly crucial for building the foundational skills necessary for future socio-economic, as well as socio-emotional, success. A 2017 report from the The Organisation for Economic Co-operation and Development found that children from disadvantaged or marginalized backgrounds find the largest benefits from exceptional early education, like that offered from highly-trained childcare workers.

As childcare workers in Australia come together to demand better pay, it seems the right time for lawmakers to remember that education is the great equalizer—and women’s equality can’t come soon enough.

Natasha Piñon is an Editorial Intern at Ms. and a junior at the University of Southern California, where she studies political science and journalism. She also writes for The Daily Trojan.

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Data points to further economic expansion in Japan

Japan's industrial production rebounded in February from a large decline in the previous month.
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Meet Wacoinda: The Fastest-Growing Black Economic Group on Facebook

Black Panther has sparked a cultural renaissance among African Americans pushing for more positive images and supporting afro-futurism. From an increase in sales of traditional African dress to events and applications centered around the movie, Black Panther has energized the African American community, but what we haven’t seen is its focus around generational wealth… until now. Meet Wacoinda, the fastest-growing black group focused on economics in the black community.

Black Enterprise caught up with co-founder Lamar Wilson to get more insight into the group and to find out how black folks can get involved.

Co-Founders, Lafe Taylor and Lamar Wilson (Image: Wacoinda)

Co-Founders, Lafe Taylor and Lamar Wilson (Image: Wacoinda)

Black Enterprise: Wacoinda, obviously a play on words. What does it mean and what is the group about?

Lamar Wilson: We’re a Facebook group that is centered around cryptocurrency and financial education that encompasses black wealth, power, and influence. We are also one of the fastest-growing black technology and economic groups on Facebook because we provide an open forum that cultivates ideas that push opportunities.  Our members are the core of the group’s existence. One of the members Talisha Shine of Virginia said it best: “Through a collaborative effort, technology, and innovation, we can build and sustain a viable and thriving nation.”

Speaking of your members, what has the feedback been so far?

Erlene Miller of Baltimore shared, “The Wacoinda movement is bringing like-minded family members from around the world, regardless of race, creed or national origin, to plan and strategize together on how to tear down economic barriers. It is beautiful to see all races working together for a common goal.” 

“Wacoinda has exposed me to perspectives and opportunities that excite me about what we can do leveraging the blockchain and working together,” said Jeremi Murray of Chicago. 

“It is great seeing so many of my black people networking and trying to help build each other up,” said Tyree Griffith of San Diego.

“It has inspired this 60-year-old grandmother who went into retirement dust off, update my computer science, marketing, client service experience…and reinvent myself… through investment and knowledge in the up-and-rising crypto-based industries,” said Sheryl Luster Phillips of New Jersey.

There seems to be a sense of community.  How is your group different than others?

If I can share one of the quotes from our member Shawn Sorsby, all the way in Freeport, Bahamas—after reading it, this is why we are different and this is why people connect and thrive in our community: “The only way to fight against any injustice in this world is with unity. Wacoinda not only brings like-minded people from all over the world together but does it in love, the strongest force against the evils of injustice. We all know that Black Panther is a fictional character, but in Wacoinda there are real-life Black Panthers, of all colors, who believe in freedom and ownership, and that it’s more powerful to love than to be loved.” That’s how we’re different, we are a community that through love wants to change the world.”

You go live in your group; how do you decide whom to interview?

I interview people that want to present opportunities to the community or people that I know in the crypto space. I do not encourage any investment, however, I interview individuals who have companies or ideas that center around the foundation of our group-financial empowerment and cryptocurrency. We’ve had the founder of Zen coin Frank Banks, Black Momma Vodka, Mrs. Vanessa Braxton as well as Tavonia Evans of Guap Coin and Jimmy Song to name a few.

But I will also interview individuals who want our community to invest in their project and I’ll ask the hard questions. Wacoindans don’t play! What I mean by that is if I need to interview and vet an individual I will because we want to make sure that the information we filter through our group is one that is about building up and not tearing down. But we have a good time in this group, blending fun with serious issues.

How does this group allow individuals to be interactive in the financial arena?

We recently started the Wacoinda-Market. You have to be a member of Wacoinda first, but we want to promote black businesses. In the Wacoinda-Market we want people to connect and find products or services within our community that they wouldn’t have known existed. We have apparel, jewelry, legal services, a resume, and editing service as well as the first black-owned drone photography company that post in the Wacoinda-Market.  It’s great seeing people connect with their dollars as well.

How can new members join?

If you are interested in joining Wacoinda, click here and if you are interested in joining the Wacoinda-Market click here, but remember, you have to be a member of Wacoinda first.

 

The post Meet Wacoinda: The Fastest-Growing Black Economic Group on Facebook appeared first on Black Enterprise.

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Larry Kudlow, new chief economic advisor to Trump, says China ‘has earned a tough response’

China can expect the U.S. to take a tough stance when it comes to international trade, Larry Kudlow, the newly appointed director of the National Economic Council, said Wednesday.
Economy

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White House chaos could turn into economic mayhem as Trump sides with protectionists

As Gary Cohn flees the White House, financial markets are discovering that elections have more than one consequence.
Economy

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Trump’s economic vision ignores immigrants, but it will need their labor

The immigration proposal favored by Trump would shrink the labor supply and the economy's long-term growth potential.
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Pentagon budget increase will lead to a ‘major economic disaster,’ says retired US Army officer

The spike in defense spending won't solve the military's readiness problems or make us safer, says Daniel Davis.
Economy

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European Economics Preview: Germany’s Economic Sentiment Data Due

Economic confidence from Germany is due on Tuesday, headlining a light day for the European economic news.
RTT – Economic News

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Homebuilders shrug off higher mortgage rates, stay optimistic on economic boost from tax cuts

Tax cuts are still making homebuilders feel better, even as rates rise.
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Domestic Violence Is a Workplace and Economic Issue [Opinion]

When I saw the image furiously circulating on the internet of former White House staff secretary Rob Porter’s ex-wife Colbie Holderness’ black eye she says resulted from Porter hitting her, I got angry and then sick. Domestic violence needs to be part of the #metoo conversation.

 

(Image: Twitter)

Unfortunately, there are immature, out-of-control, disturbed, and angry people committing violence against their domestic partner. I’m somewhat ashamed to say, I was in two back-to-back abusive relationships for far too long. Not only did remaining in these toxic situations tax me emotionally and physically, they cost me a job and also sent me tumbling down an economic hole toward poverty.

A tense, ugly relationship with many blood-red flags that couldn’t have been more obvious; the violence in the first of these relationships culminated after a particularly brutal argument. This man, twice my weight and height, grabbed me; smashed my head into a bathroom tile; dragged me across the floor; down some stairs; and tried to smother me with a pillow. He didn’t let up until I was just beginning to black out.

You think I would have left after that, right? Wrong. I did call the police, who had been out to our residence before after other incidents. During the call, I suddenly decided to not press charges. The officer on the other line said, “OK. Next time we’re out there we’ll probably be removing you in a body bag. ‘Bye!”

After I finally woke up and left, I headed straight into another poisonous adventure with an alcoholic who got violent when drunk. Life with such as individual is, unsurprisingly, extremely detrimental to work performance. I was in a job I had been successful at for half a decade and I became so emotionally drained, anxious, and so fraught with rage that issues that I would have handled well otherwise, I handled terribly and was given the pink slip.

Having broken up with the alcoholic—who did contribute financially to the household, with no job, and not much freelance work to be had; the bills piled up. I was threatened with eviction. My credit was nearing a negative number.

Black Women Are Especially Vulnerable in Domestic Violence Situations

Domestic violence didn’t just leave me emotionally and physically battered. My career and my finances were wrecked.

DomesticShelters.org compiled data on how disastrous physical abuse is to a woman’s livelihood and money. From the site: “Victims of intimate partner violence lost almost 8 million days of paid work because of the violence perpetrated against them. This loss is the equivalent of more than 32,000 full-time jobs and almost 5.6 million days of household productivity as a result of violence.”

Also, the Corporate Alliance to End Partner Violence found that 64% of women said their work was affected by their abuse. They cited feeling distracted and a loss in work productivity as well as missed days—all as consequences of partner violence.

And African American women are victimized by domestic partners at a 35% higher rate than white women. Black women are also more likely to be killed by a partner.

As black women, we are used to striving; after all, we are making gains in the workplace and are among the most educated demographic in the country. “We got this,” is a phrase we love to use to self-motivate ourselves and our sisters.

But, when it comes to a domestic violence situation and not ending the abuse as soon as possible: Girl, you don’t got this. If you are in the same situation that I was, get out, get assistance, and reclaim your life. I finally did and emerged stronger in my profession, my finances, and as a person.

 

 

 

 

 

 

The post Domestic Violence Is a Workplace and Economic Issue [Opinion] appeared first on Black Enterprise.

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ACRX Recognition Gallery: American Consultants Rx
http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.

The American Consultants Rx discount prescription cards are to be given free to anyone in need of help curbing the high cost of prescription drugs.

Due to the rising costs, unstable economics, and the mounting cost of prescriptions, American Consultants Rx Inc. (ACRX) a.k.a (ACIRX) an Atlanta based company was born in 2004. The ACRX discount prescription card program was created and over 25 million discount prescription cards were donated to over 18k organizations across the country to be distributed to those in need of prescription assistance free of charge since 2004.

The ACRX cards will offer discounts of name brand drugs of up to 40% off and up to 60% off of generic drugs. They also possess no eligibility requirements, no forms to fill out, or expiration date as well .One card will take care of a whole family. Also note that the ACRX cards will come to your organization already pre-activated .The cards are good at over 50k stores from Walgreen, Wal mart, Eckerd”s, Kmart, Kroger, Publix, and many more. Any one can use these cards but ACRX is focusing on those who are uninsured, underinsured, or on Medicare. The ACRX cards are now in Spanish as well.

American Consultants Rx made arrangements online for the ACRX card to be available at http://www.acrxcards.com where it can also be downloaded. This arrangement has been made to allow organizations an avenue to continue assisting their clients in the community until they receive their orders of the ACRX cards. ACRX made it possible for cards to be requested from online for individuals and organizations free of charge. Request for the ACRX cards can also be made by mailing a request to : ACRX, P.O.Box 161336,Atlanta,GA 30321, faxing a written request to 404-305-9539,or calling the office at 404-767-1072. Please include name (if organization please include organization and contact name),mailing address,designate Spanish or English,amount of cards requested,and telephone number.

American Consultants Rx is working diligently to assist as many people and organizations as possible. It should be noted that while many other organizations and companies place a cost on their money saving cards, American Consultants Rx does not believe a cost should be applied, just to assist our fellow Americans. American Consultants Rx states that it will continue to strive to assist those in need.

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Trump to herald economic progress in State of the Union

WASHINGTON (AP) — President Donald Trump will herald a robust economy and push for bipartisan congressional action on immigration in Tuesday’s State of the Union address, as he seeks to rally a deeply divided nation and boost his own sagging standing with Americans.
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Trump earns ‘high marks’ from UBS for his economic policies

The previous U.S. tax code and heavy regulations in the country did not give investors much confidence, UBS says.
Economy

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China’s latest decision could fuel economic struggles for the US

There was big, big bad news on Wednesday. “Senior government officials in China” warned that the country may slow or halt purchases of US Treasuries. China, which owns more than $ 1 trillion in US debt, could cause America’s interest rates ­to increase dramatically and bond prices to collapse if it follows through on that threat….
Business | New York Post

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New economic protests in Tehran challenge Iran’s government

TEHRAN, Iran (AP) — A wave of spontaneous protests over Iran’s weak economy swept into Tehran on Saturday, with college students and others chanting against the government just hours after hard-liners held their own rally in support of the Islamic Republic’s clerical establishment.
World Headlines

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U.S. Leading Economic Index Rises More Than Expected In November

Suggesting solid economic growth will continue into the first half of 2018, the Conference Board released a report on Thursday showing a slightly bigger than increase by its index of leading U.S. economic indicators in the month of November.
RTT – Economic News

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Economic optimism soars, boosting Trump’s approval rating

The CNBC All-America Economic Survey finds a near record 41 percent expect the economy to improve in the next year.
Economy

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Fed’s goals include ‘economic opportunity’ for all: Harker

The Federal Reserve's goals include promoting inclusive "economic opportunity" for Americans of all income levels.
Economy

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Trump piles on new economic sanctions against North Korea

NEW YORK (AP) — President Donald Trump has added economic action to his fiery military threats against North Korea, authorizing stiffer new sanctions in response to the Koreans’ nuclear weapons advances.
Politics Headlines

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Texas and Florida hurt by the economic body blow from hurricanes Harvey and Irma

Hurricanes Harvey and Irma may have done damage to the competitiveness of two of the most economically important states.
Economy

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Dow Jones plummets over fears Trump’s economic adviser will quit

Even stocks appear to be abandoning President Trump. The Dow Jones industrial average nosedived 274 points on Thursday as investors grew increasingly concerned that Trump’s toxic tongue is endangering his ambitious economic agenda. It was the second-biggest decline for the Dow this year — which had powered ahead more than 20 percent since Election Day….
Business | New York Post

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Germany’s Economic Growth Slows Slightly In Q2

Germany’s economy expanded at a slightly slower pace in the second quarter, Destatis reported Tuesday.
RTT – Economic News

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Finland Economic Output Contracts In June

Finland’s economic output contracted for the first time in nineteen months in June, figures from Statistics Finland showed Tuesday.
RTT – Economic News

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US economic expansion to last another two years or more: Poll

The U.S. economic expansion will last at least another two years, according to a majority of economists polled by Reuters.
Economy

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Investor confidence and America’s status as the world’s economic leader are at risk under Trump

As Trump strains the justice system and upends American commitments, the president poses two kinds of risks.
Economy

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How Seeds of Fortune Creates Economic Empowerment Opportunities for Young Women of Color

As a high school senior, Nitiya Walker, was met with a challenge that many students face—”I have dreams of getting a college education, but I can’t afford it.” 

Seeds of Fortune The Seeds of Fortune team (Image: Seeds of Fortune)

 

“I met a young lady who earned $ 150,000 in scholarships to Spelman College. Her mom assisted her, so I asked her mother to work with me. She helped me win $ 250,000 in scholarships. I thought to myself “What if I never met the young lady in my Girl Scout troop?” It sparked a desire to want to help other girls gain access to free money. From this experience, Seeds of Fortune was born.

Seeds of Fortune is a scholarship program focused on creating the next generation of financially empowered young women of color. With more than 40 young women enrolled in the program, scholars have garnered $ 6 million in scholarship offers from top universities across the country and accepted more than $ 1 million in scholarship offers.

Black Enterprise: When it comes to being successful, what do you think is the most undervalued skill? 

Nitiya Walker: The ability for people to communicate their story and decisions behind their future goals and dreams. We help our scholars prep for interviews as well as intensive college essay development so they can share their stories with stakeholders. We also teach them critical thinking skills. This helps them decide which colleges are more cost effective, the career paths that align with their interest, and how money can be used as a tool to make it happen.

BE: Why did you decide to include an entrepreneurship component to your program?

NW: Entrepreneurship is the No. 1 way to build wealth in America. It is the third pillar of our values, as we believe that young women of color should be able to control their destiny and use their resources to create opportunities for themselves.

BE: Can you share one piece of advice to financially empower young women?

NW: It’s important to build savings, as savings brings security, and it will help to start your investment capital. In turn, investments build wealth. Also,

  • Pay yourself first. Then divide your accounts between a short-term savings account and a long-term savings account.
  • Select a second savings account that is difficult to access like credit unions, small banks, or digital banks.

 

Career – Black Enterprise

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economic opportunities Council Vero Beach Florida

ACRX Recognition Gallery: American Consultants Rx
http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.

The American Consultants Rx discount prescription cards are to be given free to anyone in need of help curbing the high cost of prescription drugs.

Due to the rising costs, unstable economics, and the mounting cost of prescriptions, American Consultants Rx Inc. (ACRX) a.k.a (ACIRX) an Atlanta based company was born in 2004. The ACRX discount prescription card program was created and over 25 million discount prescription cards were donated to over 18k organizations across the country to be distributed to those in need of prescription assistance free of charge since 2004.

The ACRX cards will offer discounts of name brand drugs of up to 40% off and up to 60% off of generic drugs. They also possess no eligibility requirements, no forms to fill out, or expiration date as well .One card will take care of a whole family. Also note that the ACRX cards will come to your organization already pre-activated .The cards are good at over 50k stores from Walgreen, Wal mart, Eckerd”s, Kmart, Kroger, Publix, and many more. Any one can use these cards but ACRX is focusing on those who are uninsured, underinsured, or on Medicare. The ACRX cards are now in Spanish as well.

American Consultants Rx made arrangements online for the ACRX card to be available at http://www.acrxcards.com where it can also be downloaded. This arrangement has been made to allow organizations an avenue to continue assisting their clients in the community until they receive their orders of the ACRX cards. ACRX made it possible for cards to be requested from online for individuals and organizations free of charge. Request for the ACRX cards can also be made by mailing a request to : ACRX, P.O.Box 161336,Atlanta,GA 30321, faxing a written request to 404-305-9539,or calling the office at 404-767-1072. Please include name (if organization please include organization and contact name),mailing address,designate Spanish or English,amount of cards requested,and telephone number.

American Consultants Rx is working diligently to assist as many people and organizations as possible. It should be noted that while many other organizations and companies place a cost on their money saving cards, American Consultants Rx does not believe a cost should be applied, just to assist our fellow Americans. American Consultants Rx states that it will continue to strive to assist those in need.

What Sense ? Or, Economic Nutrition

What Sense ? Or, Economic Nutrition


This is a reproduction of a book published before 1923. This book may have occasional imperfections

such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact,

or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections,

have elected to bring it back into print as part of our continuing commitment to the preservation of printed works

worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.

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The below data was compiled from various identification fields in the bibliographic record of this title. This data is provided as an additional tool in helping to ensure edition identification:

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<title> What Sense ? Or, Economic Nutrition<author> Horace Fletcher<publisher> H. S. Stone & company, 1898<subjects> Health & Fitness; Diets; Diet; Health & Fitness / Diets; Health & Fitness / Nutrition; Medical / Nutrition
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Fubarnomics: A Lighthearted, Serious Look At America's Economic Ills

Fubarnomics: A Lighthearted, Serious Look At America's Economic Ills


FUBAR, an acronym stemming from World War II GI slang, means fouled up (or some other F word) beyond all recognition. To the author, fubarnomics perfectly captures the sorry state of our economy today. In this witty, informative, and nonpartisan overview of contemporary economic ills, Wright takes a fresh approach to public policy by finding fault with both the government and the market, and with both Democrats and Republicans. The author convincingly shows that major economic trouble has almost always been the result of a hybrid failure, a combination of both bad policy making and marketplace deficiencies. He examines contemporary and historical examples of FUBAR across a wide spectrum, from mainstay social institutions such as higher education to cataclysmic national upheavals such as the Great Depression. In analyzing our most current crises, he offers unique insights into the recent crippling recession, including the subprime mortgage meltdown, as well as the looming healthcare crisis, and the perennial problem of social security. Beyond identifying the major problem areas, the author also offers practical solutions. From creating combined life-healthcare insurance policies and divorcing healthcare from employers, to government education subsidies for students only, and using long-term bonds to pay for private insurance that mimics social security, his suggestions are provocative and creative, and may just solve some of the thorniest problems facing us today.
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World Trade Law after Neoliberalism: Reimagining the Global Economic Order

World Trade Law after Neoliberalism: Reimagining the Global Economic Order


The rise of economic liberalism in the latter stages of the 20th century coincided with a fundamental transformation of international economic governance, especially through the law of the World Trade Organization. In this book, Andrew Lang provides a new account of this transformation, and
considers its enduring implications for international law. Against the commonly-held idea that ''neoliberal'' policy prescriptions were encoded into WTO law, Lang argues that the last decades of the 20th century saw a reinvention of the international trade regime, and a reconstitution of its internal
structures of knowledge.

In addition, the book explores the way that resistance to economic liberalism was expressed and articulated over the same period in other areas of international law, most prominently international human rights law. It considers the promise and limitations of this form of ''inter-regime'' contestation,
arguing that measures to ensure greater collaboration and cooperation between regimes may fail in their objectives if they are not accompanied by a simultaneous destabilization of each regime''s structures of knowledge and characteristic features. With that in mind, the book contributes to a full and
productive contestation of the nature and purpose of global economic governance.
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The Economic Impact of Civil Aviation on the U.S. Economy: FAA Study on Outlook, Measures, GDP Contribution, Passenger Expenditures, Freight Flows, Freight Exports, Domestic Air Freight

The Economic Impact of Civil Aviation on the U.S. Economy: FAA Study on Outlook, Measures, GDP Contribution, Passenger Expenditures, Freight Flows, Freight Exports, Domestic Air Freight


This official Federal Aviation Administration (FAA) document – converted for accurate flowing-text ebook format reproduction – offers the latest data on the economic impact of civil aviation. This concise report is ideal for policymakers and industry officials. This version contains several new points of analysis including the economic impact of federal spending on aviation and hard-to-quantify economic enablers such as speed, cost, flexibility, reliability and safety. Over the decades, civil aviation has been a catalyst for commerce.In today’s ever-changing and innovative world, aviation provides a vital link to economic opportunities at home and abroad. In the wake of global economic and financial uncertainties, runways have become the new main streets for cities and towns to get down to business and soar once more.In 2009, civil aviation supported over 10 million jobs, contributed .3 trillion in total economic activity and accounted for 5.2 percent of total U.S. Gross Domestic Product (GDP). Civilian aircraft engines, equipment and parts also contribute billion toward the U.S. trade balance. Civilian aircraft engines, equipment and parts have been the top net export for the past decade.Our economic success clearly depends on the success of aviation. So the Federal Aviation Administration (FAA) is committed to providing the safest, most efficient aerospace system in the world. As we move forward, the FAA will continue to invest in airports, and build the Next Generation Air Transportation System (NextGen). NextGen is a transformation of the National Airspace System. It will add a suite of 21st century technologies and procedures to make air travel more efficient and green. FAA’S Destination 2025 will provide the strategic bridge to accomplish the NextGen vision.Contents: Overview * Introduction * Economic Impact of Civil Aviation Highlights * Current Outlook * Impact of the Recession on U.S. Airlines, Coping Strategies and Future Outlook * National Impact of

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