We Want This Incoming Year to be a Year of Great Prosperity For All. we’re hoping that You feel the same way. with our President Elect bringing in quick Tax Reforms to help most of us recover during this recession; We’re Passing along tips to get you onto your path of fortune; As We Ring In Two Thousand NICE..
One of the first orders of business for President Barack Obama will immediate tax relief for middle-class families, Obama’s senior adviser said Sunday. The U.S. economy, which is at its weakest point since World War II, is in dire need of a shot in the arm, David Axelrod said during his tour of TV political roundtables Sunday morning.
While the $675 billion to $775 billion stimulus package will be implemented soon in an attempt to salvage or create 3 million jobs, Axelrod said on NBC’s “Meet the Press” and CBS’s “Face the Nation” that his boss wants Americans to have some tax relief right now.
“Look, we feel it’s important that middle-class people get some relief now,” Axelrod said on “Meet the Press.” Obama has “promised a middle-class tax cut. This package will include a portion of that tax cut that will become part of the permanent tax cut he’ll have in his upcoming budget.” By giving people more cash, the economy will grow, Axelrod said.
“Obviously, the sooner the better,” Axelrod said on “Face the Nation.” “I don’t think Americans can wait. People are suffering, our economy is sliding, and we need to act. And so our message to Congress is to work on it with all deliberate speed.”
Being from an Urban Setting, we went to an Economic Expert for Urban Folks. This is the Powernomics Economics Video Series from Dr. Claud Anderson. Yes We know it may be 8 videos but they are well worth the watch.
Power Nomics analyzes the complex web of racial monopolies and Black America’s inappropriate behavior patterns that are driving it into a “PERMANENT” underclass status.
Dr. Anderson proposes new concepts that teach Blacks new ways to see, think, and behave in race matters, as well as to understand economics.
WHY can’t we build an economic system of our own design? A system whose primary purpose would be to enrich and develop Africans here in the USA, and throughout the diaspora. Such a system would seem to be a goal all of us could easily embrace.
AFRICAN/AMERICAN people may not have the most affluent communities, financial institutions, or mega-corporations. However, we do possess the most important economic resource of all, a large and identifiable labor pool and consumer market comprising 800 million to 1 billion people worldwide.
In addition, we inhabit the largest and most affluent urban areas in the richest country in the world, the USA. We also physically live on the most wealthy continent on the planet, Africa; abundantly endowed with gold, diamonds, oil, chromium, bauxite, manganese, cobalt, and uranium to name a few. Our problem is that we are underdeveloped, super-exploited, and generally not meaningful participants in the ubiquitous wealth of commerce and natural resources swirling around us and residing beneath our feet.
THE problem is that we are overwhelmingly consumers, workers, and renters; not producers, stockholders, and owners.
The vast majority of us have neither pensions, investments, savings, land, or businesses; all of which are the key ingredients for creating individual and collective wealth. The question of the dawning millennium is, how do we harness the engine of economic development and put it to work for our people’s mutual advancement?
OUR most pressing need is to infuse our culture(s) with a set of values that champion personal, family, and community financial uplift. Every African must be inculcated from their earliest years to be literally obsessed with acquiring land, capital, and commercial enterprises. The mass acceptance of an entrepreneurial, collectively oriented, “development folk culture”, is the long-term solution to our problems of race development and advancement.
A new paradigm is needed for a new century, and to fuel a popular renaissance in the life of the world African community. We need a 100 year Worldwide Reconstruction and Development Plan for African People. The particulars of such a plan are complex and far ranging, but the foundation needed to support such a plan is quite basic. The foundation of this plan will be the mass consciousness of a people who understand it’s ultimate purpose and are personally supportive of it. We need to begin by forging a universally accepted economic compact.
We start with popularizing the 5 RULES FOR BLACK WEALTH, that are to be practiced by every person of African descent.
RULE ONE is that all individuals, families, organizations, and institutions should create or participate in a program of financial education that espouses the virtues of saving, investing, and owning. It must become a universal cultural value that African people save for today and the short term, invest for the future, and own land, homes, and businesses.
RULE TWO is that all business and every sale of a valuable thing must be with other Black people, if at all possible. This rule, while not always practical or profitable, should be pursued whenever possible, especially when land, buildings, or businesses are involved. God bless the child (children) who has his own!
RULE THREE is an indispensable axiom of wealth building supports all financial activity springs from capital accumulation. All Black people must have a savings account. If possible, all accounts should be with a Black financial institution. At any rate, an account must be set up with regular deposits made. All Black families should have individual and/or family savings accounts. This practice would immediately increase the group assets and collective wealth of our communities.
RULE FOUR would be for all Black people to purchase shares of stock exchange serving their part of the world, and/or make regular contributions to a mutual fund. With the rapidly developing “one world economy” there is virtually no place on the planet that is not covered by the global equities system. Mutual funds are the safest vehicles for investment for the unsophisticated, which is most of us. There are Black owned investment funds being created everyday. The all too often truism; that Black people die unable to afford to bury themselves or leave anything for their heirs, must be made a thing of the past.
RULE FIVE is that Black people do business with each other at preferred rates. Services rendered, products sold, and deals made, would be done so at special rates among African people. Loans would be given at no or low interest rates, merchants would offer discounts and support special member buying clubs, and financial opportunities would be offered first to another of the race.
THESE five rules, if universally accepted, would begin to turn the “state of the race” around in a generation. An army of hard working, thrift minded “race first entrepreneurs, investors, and producers” would be created.
IF you think this is far fetched, just consider that a unheard of holiday, Kwanzaa, started in the late 1960′s with many thinking it would go no where. Today it is celebrated throughout the world by millions of African people, perhaps the 5 Rules of Black Wealth can build on this foundation. Hey, it’s JUST A THOUGHT…….
You can contact Rick Adams at firstname.lastname@example.org.
Murders of Black Teens Are Up 39% Since 2000-01
Wall Street Journal -
WASHINGTON: A new study said that the number of young black men and teenagers who either killed or were killed in shootings has risen at an alarming rate since 2000.
Criminologists at Northeastern University in Boston would release the study on Monday, as FBI data is showing that murders have leveled off nationwide.
According to the report, last year, for example, 426 black males between the ages of 14 and 17 were killed in gun crimes, the study shows. That marked a 40 percent increase from 2000.
The study partly blamed Bush administration grant cuts to local police and juvenile crime prevention programs for the surge in crimes by young black men and teens.
Incoming Vice President Joe Biden has promised funding to put 50,000 new police officers on the street to help bring violent crime rates back to a decade-long annual decline that began in the mid-1990s, after then-President Bill Clinton provided local officials with money to hire 100,000 new cops.
The Jamaican dancer and choreographer who came up with the dance popular sprinter Usain Bolt used to do to celebrate a win was shot dead at a club in Kingston, Jamaica, reports Reuters.
David Alexander Smith, also known as “Ice,” was shot in the head and chest after having an argument with two men. The men then stole his car keys and escaped the scene in his car, according to police.
The police say they have no official motive for the shooting. Bolt danced Smith’s dance phenomenon, the “Gully Creeper,” after each win at the Beijing Olympics, where he was very successful. The West Indian nation has seen more than 1,500 people murdered just this year. Jamaica’s murder rate per capita is one of the highest in the world.