|
|
||||||||||||||
|
Census
Bureau Reports:
Blacks Still Short on Wealth, Long on Debt National Reparations Group Meets in Dallas The latest
Census Bureau figures show that White households would continue to have
more money than descendants of enslaved Americans and colonized Africans
- - after both groups sell all their assets and pay their bills. The difference
between one's assets and liabilities is net worth.
The typical net worth of Whites with the smallest incomes was $24,000. Among Blacks in the same income range, it was only $57. The net worth gulf does not change among those who have the largest incomes. Among Whites with the highest incomes, their net worth was $208,023. The net worth among Blacks with the same incomes was only $65,141. The study also showed that Blacks hold a much higher proportion of their net worth in durable goods such as housing and cars. Blacks tend to shy away from stocks and mutual fund shares, and interest-earning assets at financial institutions. The typical White householder's home has about $56,834 of equity, for Blacks the figure stands at $6,334. Debt also eats ups about $11 of every $100 Blacks have in assets. For Whites, it's less than $3 for every $100. "This differential is a direct legacy of our enslavement period," says Attorney Nkechi Taifia. "We worked for hundreds of years without pay and were not able to pass down the fruits of our labor to our children. Conversely, European-Americans could pass down the fruits of our unpaid labor down to their heirs," continued the co-chair of the Legislative Committee of the National Coalition of Blacks for Reparations in America (N'COBRA). N'COBRA is holding its 14th annual convention in Dallas, June 22 - 23. Congressman John Conyers (D-MI) continues to push H.R. 40 in Congress. The bill would set up a commission to study the issue. For the full Census report, click here. Back to top |
||||||||||||||
|
2. R. Robertson - Los Angles, CA 3. Jeff Simmons - Alexandria, VA 4. Darnell Pearsall - Washington, DC 5. Clarence Davis - Washington, DC 6. Miles Slater - Washington, DC 7. Gloria Laury - Washington, DC 8. W. Gray - Washington, DC and 9. Maurice McLaurin - Memphis, TN won copies of Jubilee: The Emergence of African-American Culture, just by being a print subscriber or no-cost on-line subscriber! (The information you provide us when subscribing is for the sole use of Port of Harlem magazine. We will not sell or distribute it to any other party.) Jubilee: The Emergence of African-American Culture. With vibrant pictures, sketches, and photographs - - and in-depth text, author Howard Dodson chronicles North American slavery and its enormous impact on United States history. Dodson is Director of Harlem's Schomburg Center for Research in Black Culture. Back to top |
||||||||||||||
|
Hodari Ali Won Dinner
for Two at Wazuri!
Wazuri, 1836 18th Street, N.W. in Washington,
D.C., serves wonderfully displayed food that tastes magnificent and
represents the places Africans came from, sailed to or eventually called
home. Hodari Ali of Hyattsville, MD won dinner for two at Wazuri, just by being a print subscriber or no-cost on-line subscriber. (The information you provide us when subscribing is for the sole use of Port of Harlem magazine. We will not sell or distribute it to any other party.) Back to top |
||||||||||||||
|
Play Write Kirsten
Greenidge Gets Big Break
By Ida Jones The African
American artistic community is a landscape dotted with great talent and
Kirsten Greenidge is making her mark on the horizon. For the summer
of 2003, the South Coast Repertory
(SCR) in Orange County, California has commissioned Greenidge to produce
a play. "In this instance, I have creative control over the play,"
she told Port of Harlem. SCR has an integrated play development program
employing diverse strategies to aid playwrights in creating new works.
Before getting the commission, Greenidge, won many play write awards including The Lorraine Hansberry National Play writing Award 2002 and the Kennedy Center's David Mark Cohen National Play Writing Award 2001. "I have always been theatrical, always staging plays at home. I made my sisters into actresses. When they were bad [actresses], I made them be rocks and trees." She also tried nurturing her understanding of the power of artistry through fiction writing. "After trying it, I did not care for fiction writing, the dialogue was boring," she says. Back to top |
||||||||||||||
|
A. Peter Bailey signs his latest book, Harlem Precious Memories... Great Expectations Friday, June 20 at Hue-Man Bookstore in Harlem. The event takes place from 6p to 8p. The coffee table case-bound book contains a collection of remembrances and future hopes of over 55 prominent members of the Harlem community. Each profile is the result of interviews with participants and portraits from the camera of award winning photographer Joe Harris. Back to top |
||||||||||||||
|
||||||||||||||
|
The Corporate Council on Africa (CCA) will hold its fourth biennial U.S.-Africa Business Summit this year from Tuesday, June 24 to Friday, June 27, 2003 at the Washington Hilton Hotel in Washington, D.C. The membership of the Corporate Council on Africa includes more than 160 US companies doing business in Africa. CCA's members range in size from large multinational corporations to small and medium-sized businesses. CCA members vary in size, sector and experience, but are joined by a commitment to strengthen business ties between the US and Africa. The Corporate Council on Africa (CCA), established in 1992, is at the forefront of strengthening and facilitating the commercial relationship between the United States and the African continent. CCA works closely with governments, multilateral groups and business to improve the African continent's trade and investment climate, and to raise the profile of Africa in the US business community. Back to top |
||||||||||||||
|
The Hampton Jazz Festival takes place in Hampton, VA, Thursday, June 26 to Sunday, June 29. Back to top |
||||||||||||||
|
Essence has chosen Port of Harlem on-line subscriber Janice Ferebee, for the "Street Warrior" Essence award. Ferebee is one of four individuals from around the USA to receive the award. The Essence Award show airs on Friday, June 27th on FOX. "I am sooooooo excited and feel so blessed. Thanks for all of your support and prayers," she told Port of Harlem. Ferebee runs a program, Go It Goin' On for our young women. "I designed the program to educate, empower and encourage girls to live better lives," she says. She is also the writer of two books, both are available at Toast and Strawberries in the nation's capitol. Back to top |
||||||||||||||
|
Ujamma School, an independent African pre-school to 12th grade school, celebrates its 35th anniversary Sunday, June 29. The festivities take place at the Howard University Blackburn Center. Advance tickets for children in $10; $30 for adults. Senab Co-op, Everlasting Life, Kobo's and Kuumba Collectibles are selling tickets. Tickets are higher at the door. For more information call 202-265-0965. Baba El Senzengakulu Zulu is the school's founder and director. Back to top |
||||||||||||||
|
Back to front page |
||||||||||||||
|
||||||||||||||
