money
-
Minority Firms Getting Few (if Any) Federal Asset-Management Contracts
More than $70 trillion in federal dollars are managed by registered asset-management firms in the United States, but less than 1 percent of those dollars are handled by minority- or women-owed (MWO) firms, according to a new report released Wednesday by the U.S. Government Accountability Office. The report (pdf), exclusively provided to The Root, reviewed…
-
1 Year After #BankBlack, America’s Biggest Black-Owned Bank Still Doing the Work
Hip-hop has become a cultural powerhouse that fuels everything from fashion to corporate profits. They rap in beer commercials. Politicians come to Jay-Z for endorsements. With all its faults, more than any form of art that ever existed, hip-hop has always openly acknowledged the most powerful force in America: Money. Every conversation about equality, civil…
-
Money Isn't Everything … Unless You Don't Have It, And Then Yeah, It's Everything
In February of 2012, a month after I began working for EBONY.com, they asked if I wanted to go to Milwaukee to witness and write on the unveiling of a Black bikers exhibit at the Harley-Davidson museum. Although I had zero interest in motorcycles, I accepted. It was an all expense paid trip to a…
-
What Y’all Not Gon’ Do Is Come For Janet Damita Jo Jackson
Unless you live under a social media rock, you are likely aware that it was reported very recently that (as Alex Hardy refers to her) Saint Janet Damita Jo Jackson and her husband, Wissam Al Mana, have split after 5.16666667 years of marriage. You also know that Janet Jackson is reportedly worth $175 million (according…
-
Babies Aren’t Birth Control. Kids' Birthday Parties Are Birth Control.
In November 2015, I wrote a piece called “Babies Aren’t Birth Control, Day Care Is Birth Control,” where I expressed the myriad frustrations, both financial and psychological, that arise when you lose the battle with prophylactics or fate and are required to find a safe, secure, and healthy place for your child to be when…
-
Russia Made a Trump Coin Because They Love Him
This Russia-Donald Trump thing just keeps getting weirder. According to the Huffington Post, a Russian company has made a commemorative coin for the president-elect’s inauguration featuring his face and the words “In Trump We Trust.” “There are more hopes associated with Trump with regards to the lifting of sanctions; maybe the environment [between the U.S.…
-
Former NFL Running Back Edgerrin James Saves Wads of Cash in a Box
Former NFL running back Edgerrin James doesn’t keep his savings in a bank; instead he keeps ungodly amounts of cash in a box. That’s right; the onetime Indianapolis Colts great posted a photo on Instagram showing the savings he accumulated in 2016 inside a box he calls his “Vice Boxxx.” According to TMZ Sports, James…
-
Trump Wants Taxpayers, Not Mexico, to Pay for Border Wall
President-elect Donald Trump promised his voters a wall on the U.S.-Mexico border, and now his transition team and congressional Republicans are trying to figure out if there is any way to slide the wall building into existing legislation without passing a new bill. Two congressional officials and a senior transition-team official with knowledge of the…
-
Thief Pleads Guilty to Robbing 40 Fast-Food Stores in NY
Khalif House, 24, reportedly robbed 40 fast-food stores at knifepoint, stealing over $18,000 throughout Long Island, N.Y., and the Queens borough of New York City, according to the New York Post. He pleaded guilty to the crimes Tuesday. House, from the Long Island town of Hempstead, committed the crimes with another person between February 2015…
-
‘No Chill Gil’ Is Back: Arenas Claims He’s Hidden Money From Ex-Wife
Well, that didn’t take long. Looks as if Gilbert Arenas has found the cash for his kids’ private school; apparently he was hiding it from his ex-wife, Laura Govan. No Chill Gil, as he’s known on the Instagram streets, took to Snapchat to post snippets of his children counting thousands in cash. “Lucky for me…