…. And why wouldn’t he? The 52-year- old head of one of the world’s most iconic black hair care businesses has wisely parlayed his time at the company’s helm into not only expandin
ON OUR WAY TO WEALTHY Stepping out on true faith, Monique Clark voluntarily left Corporate America to start her own company. In partnership with her husband, Kenneth, Mrs. Clark created Infinite Clean, a full service maintenance company with a concentration on public and private sector. Having been moved by the wisdom of their 11-year-old son, The Clarks have not looked back. Join us for a two part article as Monique shares her journey with us.
Carlee McCullough: Tell us about yourself.
Monique Clark: I am originally from Sacramento, Calif. I have been married to Mr. Kenneth B. Clark for 23 years. We have six children and six grandchildren. I moved to Memphis fifteen years ago to assist my husband in caring for his grandmother who was 88 years old at the time.
Google is teaming up with Starbucks to make Wi-Fi at its coffee shops 10 times faster.
Over the next 18 months, Google will be upgrading all 7,000 company-operated Starbucks locations in the United States. Starbucks already offers free Wi-Fi at its coffee shops, but the company said faster Internet speeds will give it a competitive advantage.
"Our goal is to continue to provide our customers with the best in-store experience possible, and we are excited to offer these kinds of unparalleled experiences at a broad scale," said Adam Brotman, Starbucks' chief digital officer.
MONEY MATTERS Bonds are issued by federal, state, and local governments; agencies of the U.S. government; and corporations. There are three basic types of bonds: U.S. Treasury, municipal, and corporate.
Bonds, bills, and notes issued by the U.S. government are generally called "Treasuries" and are the highest-quality securities available. They are issued by the U.S. Department of the Treasury through the Bureau of Public Debt. All treasury securities are liquid and traded on the secondary market. They are differentiated by their maturity dates, which range from 30 days to 30 years. One major advantage of Treasuries is that the interest earned is exempt from state and local taxes. Treasuries are backed by the full faith and credit of the U.S. government as to the timely payment of principal and interest, so there is little risk of default.
Local food artisan and owner of Haute Monde dessert bar Fran'Kel Mosley showcased her modernized twist on simple finger food at a Groupon food tasting hosted at The New Tri-State Defender's office on Sunday, June 21st.
The hit of the afternoon came when Mosley introduced her new line of "savory" entrée cupcakes. Presented as a twist on the traditional American Sunday dinner, the guests quickly lined up for an imaginative way of enjoying meat loaf and mashed potatoes, chicken and dressing with sweet potatoes, and especially table favorite (and crowd pleaser), macaroni and cheese. Yep, homemade macaroni & cheese baked in a cupcake mold, as a side dish to the main courses.
MONEY MATTERS At the end of 2011, more than half of all recently hired 401(k) participants owned target-date mutual funds. When a worker is auto-enrolled, a target-date fund is often the default investment for retirement plan contributions.
Target-date funds are hybrid mutual funds that generally include a mix of assets (stocks, bonds, and cash alternatives) that automatically shifts as the account holder ages.
The target date is the approximate date when an investor plans to withdraw his or her money – typically the year when he or she expects to retire (such as 2030, 2040, or 2050). The further away the date is, the greater the risks that the target-date fund usually takes. The mix of investments generally becomes more conservative as the date grows closer. The "glide path" is a formula that determines how the asset mix will change over time.
Layoffs, downsizing and restructuring have been felt by many nationwide. While the experience is rarely pleasant, the result can be life changing in a positive way if a successful, thriving business is the end product.
Across the country, entrepreneurs have taken lemons and made lemonade. From bed and breakfasts to cider companies, these former employees decided to become the employers in creative businesses that set them apart from others.
After working in corporate America for over 30 years, at 60 years old Su Hartung was laid off after a company buyout. Putting her experience in sales and marketing to great use, she purchased an Our Town America franchise in DeKalb, Ill. The franchise provides other businesses an avenue to market to new folks in the neighborhood.