The City Of Detroit Is $18.5 Billion In Debt, Files For Bankruptcy
Detroit is broke. Dead broke. The Motor City has been hit hard by the economic downturn, and filed for Chapter 9 bankruptcy protection Thursday (July 18).
Economy Continues to Weigh Down African-American Males
As the economy’s downturn continues to loom over America and employment remains to be a daily issue, the problem is almost magnified for the young males in the Black community. 34.5% of young Black men are unemployed. Reported in October, unemployment for African-American men between the ages of 16 and 24 has skyrocketed. The percent […]