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The USDA and The Value of Black Land
Alphonso Hooks, a fourth-generation farmer in Shorter, Alab., was ambivalent about recent news that the U.S. Department of Agriculture (USDA) signed a $1.25 billion discrimination settlement with thousands of black farmers. The agreement, called Pigford II, was the second redressing of past USDA racial discrimination cases. Hooks says he got nothing in an earlier settlement.…
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The Art of Turning $25 Million Into $560 Million
How did a completely bankrupt satellite communications company—that now provides data and voice services to customers worldwide, including relief agencies in earthquake-torn Haiti—become a powerhouse with a market value of $560 million? Syncom Venture Partners came to its rescue, and set a better course. The easy part occurred when the Maryland venture capital firm, which…
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Software Prez Gets Posterized in NYC
What the heck are gigantic billboards of Oracle Corporation co-president Charles Phillips, and his “girlfriend,” YaVaughnie Wilkins, doing at 3rd Avenue and on Times Square in New York? The pro-athlete-outside-the-arena size posters have a link on them to the couple’s Web site. The site contains photo albums from 2001 through 2009, the couple singing Karaoke…
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Gone, But Not Forgotten
January 2009 “Prince” Joe Henry, 78, a Negro League all-star baseball player with Memphis Red Sox, Indianapolis Clowns and Detroit Stars died on Jan. 2. Sam “Bluzman” Taylor, 74, a blues singer-songwriter/guitarist, died Jan. 5 from complications of heart disease. On Jan. 4, Giselle Salandy, 21, Trinidad and Tobago’s unbeaten female boxer and winner of…
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Health Care Reform: A Minority Report
Let’s cut to the chase regarding President Barack Obama’s health care plan, or, as it’s formally called, the Affordable Health Choices Act of 2009. At least three versions exist at the moment: the administration’s and those of the House and the Senate. In the days remaining until the congressional recess begins this week, they will…