Black Homeownership Is More Expensive According to New MIT Study
Currently, American mortgage rates are at an all-time low. However access to those rates are incumbent upon excellent credit scores and a 20 percent down payment. Previous data has shown that on average, Black Americans have lower credit scores and less savings. New research released by MIT earlier this month indicates that for Black Americans, the dream of homeownership is more costly to become a reality. Inequities in mortgage interest payments ($743 annually), mortgage insurance premiums ($550 annually), and property taxes ($390 annually) 'make it impossible for
Comcast promotes Dalila Wilson-Scott to chief diversity officer
Ms. Wilson-Scott will oversee all Diversity, Equity, and Inclusion activities for the corporation. She will also continue to lead the Comcast NBCUniversal Foundation and the company’s community impact work. “Dalila is a fantastic leader and passionate advocate and supporter of our corporate social responsibility efforts, which have been at the heart of our company for decades,” said Mr. Roberts. “In her new role, she will build on our strong foundation, partnering with leadership teams across our organization to continue to make our company and culture more inclusive, and
VICE MEDIA GROUP NAMES VETERAN BRAND EXECUTIVE NADJA BELLAN-WHITE AS GLOBAL CHIEF MARKETING OFFICER
VICE Media Group CEO Nancy Dubuc announced that the company has appointed veteran marketing, brand and communications leader Nadja Bellan-White to its executive leadership team in the role of Global Chief Marketing Officer. Bellan-White will be the first to assume the newly-created global position, uniting VICE Media Group’s portfolio and teams across marketing, branding and communications internationally under one pillar. She will be responsible for aligning the company’s worldwide brand narrative across its five businesses and will amplify VICE’s authority as the world’s leading youth media brand, maximizing
Comcast and Revolt Reach New Deal Expanding to 30 New Markets
Comcast and REVOLT, the unapologetically Hip Hop content platform from Sean “Diddy” Combs, have reached an agreement to significantly expand its availability to Xfinity TV customers across the country in new and existing markets. As of September 29, REVOLT has been added in HD to the Xfinity Digital Starter package in Philadelphia, Northern New Jersey, Orlando, West Palm Beach, Ft. Myers, Jacksonville, Tampa, Knoxville, Indianapolis, Charleston, and Augusta, making the network available to millions more Xfinity customers. Additionally, in markets where REVOLT has been available in standard definition
READJUSTING: Managing the finances of your business in today’s economy
by BlackPressUSA As a small business owner, the effects of the pandemic may have taken a tremendous toll on your financial picture. Now, as you continue down the road to recovery, you can count on Wells Fargo for the information you need to make more informed and confident decisions. What are the benefits of developing a relationship with a banker? One of the best perks of getting to know your banker is the ability to get help tailored to your business as your needs continue to evolve over time. Whether
WWE Elects Steve Pamon of Beyonce’s Parkwood Entertainment to Board of Directors
WWE has named Steve Pamon to its Board of Directors. In a statement released by WWE, Chairman and CEO Vince McMahon said, "Steve brings an extraordinary track record from the media and entertainment industry and is an accomplished senior executive. I am confident his experience and insights will add tremendous value to our company." Pamon is President and COO of Beyonce's Parkwood Entertainment. Throughout his tenure, he has achieved critical and commercial success as evident in the Super Bowl 50 Halftime Show, Lemonade visual album, The Formation World Tour, Netflix’s Homecoming documentary
Jesse Collins Set to be First Black Producer of Super Bowl Halftime Show
For the first time in history, the Super Bowl Halftime Show will be headed by a Black producer. Emmy-nominated Jesse Collins will produce the 2021 show. Collins, founder and CEO of Jesse Collins Entertainment, has previously worked on the BET Awards and Grammys. “It is an honor to be part of such an iconic show at such an important time in our history,” Collins said in a statement, via Sports Business. “I am grateful to Jay-Z, [Roc Nation chief operating officer] Desiree Perez, the entire Roc Nation family,
Digital women empowerment course “The Pink Pill” passes $1 million in sales
Black entrepreneur Christelyn Karazin has launched a digital empire with her online courses developed specifically for the empowerment and advancement of black women. Her series of digital courses, The Pink Pill, has surpassed $1 million in sales revenue less than two years into the launch of her original flagship course. The Pink Pill, The Pink Pill For College and The Pink Pill For Business are comprehensive online courses developed by Christelyn Karazin and a team of advisory experts that leverage digital platforms, providing guidance on how to succeed, whether a woman is
Distribution deals bring Black-owned whiskey brand ‘Guidance’ to store shelves in 5 states
NASHVILLE—Black-owned brands are suddenly in demand, and serial entrepreneur Jason Ridgel is in high spirits after sales of Guidance, a whiskey brand he owns, skyrocketed in recent months. Guidance is making a name for itself as one of the few black-owned premium craft small-batch whiskey brands available for purchase online and in stores in Tennessee, Kentucky, Florida, Georgia and California. It’s part of a growing black-owned spirits movement. Since launching in 2018, Guidance Whiskey has made its product available for purchase online in 43 states. The company recently inked a
Wells Fargo announces Gigi Dixon as new head of External Relations
NNPA NEWSWIRE—Georgette “Gigi” Dixon has been named Wells Fargo’s new head of External Relations, which is part of the bank’s Government Relations and Public Policy team. Dixon, who currently serves as senior director of External Relations for National Constituents, has been responsible for leading engagement with major national nonprofits, advocacy organizations and other key stakeholders. She’s also a key adviser to executives for diversity and inclusion issues, according to a Wells Fargo press release. “The National Newspaper Publishers Association (NNPA) representing the Black Press of America, especially salutes Wells Fargo