recession

Many companies in the tech space believe a recession is on the horizon, and Meta is one of them.

President Obama is back to business. Less than a week after a controversial address on race and a self-comparison to  Trayvon Martin, the commander in chief was back at a podium Wednesday (July 24), this time discussing matters of the economy.

The unemployment rate surprisingly dropped to 7.5 percent as employers added 165,000 new jobs in April. Marking a four-year low, the figures have seen a small but steady rise in the last several months, increasing confidence in the growing economy, 

With the fiscal cliff looming, President Obama is expected to make a public appeal to urge Republicans to approve tax increases for the wealthy and tax cuts for those making less than $250,000 a year. The president will travel to Philadelphia, Friday (Nov. 30) in a more aggressive attempt to avoid a tax increases for […]

“Georgia’s unemployment crisis is deepening,” Labor Commissioner Michael Thurmond said in a statement released early Wednesday. With a financial crisis that is showing no signs of diminishing, some states are still feeling the blunt trauma as the job market has ceased to open up nationally. Last reported back in January, the unemployment rate in Georgia […]

With the recent “foot in the mouth” moment from singer/guitar player John Mayer, there has been a minor backlash from the community as some have lost faith over his usage of the word “N*gger” in regards to him having a hood pass. While many continue to be simply affected by the audacity of a white […]

With the revival of Beanie Sigel and Freeway, it feels as though there has been something else missing coming from Philadelphia.  The punch line fanatic himself, Cassidy the Hustler. Since 2007, Cassidy has linked up with the Denver Nugget’s own Carmelo Anthony and joined his record label Krossover Entertainment.  Looking to return to the rap […]

The world is apparently going crazy in front of everyone’s eyes as a 12-year-old is being accused of selling marijuana at his/her elementary school, Eisenhower Elementary, located in Northwest Oklahoma City, Oklahoma. It was actually the child’s grandparents who sent the initial alert after seeing a suspicious text message within the pre-teen’s phone and reacted […]

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 […]

An Earth-shattering study by the USDA has it predicting that an unprecedented number of children will use food stamps at one time in their lives. Nearly 28.4 million Americans partake in the Department of Agriculture’s federal food stamp program for low-income families. That figure allowed the federal agency to calculate that nearly half of all, […]

The current financial recession has been more damaging for African-American communities in New York at an alarming rate, confirmed a report released Monday by a city comptroller. According to CNN, while unemployment in the city spiked to 72 percent from the first quarter of 2008 to the first quarter of 2009, it surged to more […]