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Business

GM’s Eric Peterson loves dealing in diversity

GM’s Eric Peterson loves dealing in diversity
HOLLYWOOD, Fla. – After working 37 years for General Motors, it is not unusual for Eric Peterson, vice president of Diversity Dealer Relations, to walk into an African-American dealership and be introduced to one of the owner’s children.
 
“See that man there,” a dealer recently told his son, pointing to Peterson. “He helped me get started. And if you do what you’re supposed to do, he’ll help you, too.”

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‘Mr. Gotti the Restaurateur’

‘Mr. Gotti the Restaurateur’
As a foodie, I enjoy experiencing new restaurants, concepts, dishes and atmospheres. Memphis has a winner in the Privé Restaurant, thanks to Mario Mims, aka Yo Gotti. Privé is French for private and the Privé Restaurant can only be described as incredible dining.
 
Hailing from North Memphis, Gotti, embraces his background and upbringing in his recordings and music.  Rapping since the age of 14, he has come a long way. One of his most popular mainstream songs is “5 Star Chick” and Privé has all the elements of a 5-star restaurant. 

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Retirement plan distributions

Retirement plan distributions
When it comes to receiving the fruits of your labor – the money accumulated in your employer-sponsored retirement plan – you are faced with a few broad options. Should you take the payout as systematic payments, a lifetime annuity, or a lump sum?
 
Systematic withdrawals
 
Some retirement plans may allow you to take systematic withdrawals: either a fixed dollar amount on a regular schedule, a specific percentage of the account value on a regular schedule, or the total value of the account in equal distributions over a specified period of time.

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African-American women are taking care of business

African-American women are taking care of business
WASHINGTON  – Instead of breaking the glass ceiling, African-American women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, African-American women are the fastest-growing group of entrepreneurs in the country.
 
“Today, women of color are the majority owners of close to one-third of all women-owned firms in the nation,” stated the report. “Increased access to business capital – including microenterprises, venture capital- funded firms, and crowd funding – has helped the number of women entrepreneurs grow substantially.”
 
Traditional careers often come with cultural and structural roadblocks that devalue the work of women, especially African-American women.

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National leaders in media and politics headed to Boston for NABJ confab

National leaders in media and politics headed to Boston for NABJ confab
WASHINGTON, DC – The National Association of Black Journalists (NABJ) will hold its 39th Annual Convention and Career Fair, July 30- Aug. 3, in Boston. During the convention, attendees can expect to hear from national leaders from the worlds of media, politics, and culture.
 
With midterm elections scheduled this fall, considered an early indicator of the 2016 presidential contest, ongoing questions about voting rights in several states, and the frequent discussion of identity politics, NABJ convention planners felt it is important to hear from the leaders of the nation’s leading political parties.  
 

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Did the UNCF make a deal with the Devil?

Did the UNCF make a deal with the Devil?
When the Koch Foundation gave the United Negro College Fund $25 million, it set off a maelstrom of comments in cyberspace and real time. How dare the UNCF take money from the Koch brothers, some asked. They ought to send it back, said others.  One woman told me she would never give to UNCF again because of the Koch donation.  Another says the Koch donation changes her perception of UNCF.
 
The donation will provide $18.5 million in scholarships, money that is badly needed to get some of our young people out of school, especially with the cuts so many experienced because of reduced access to the Parent Plus loan. Another $4 million will go to the 37 UNCF schools for general support, again to make up some of the losses that came from reduced enrollment due to Parent Plus.  The remainder goes to UNCF for their general support.

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A new chapter for retirement

A new chapter for retirement
John F. Kennedy once said, “Change is the law of life. And those who look only to the past or present are certain to miss the future.” This is certainly true of preparing for retirement. If we continue to expect that the ways of the past will see us through to our futures, we will be left behind. The methods that helped prepare us for retirement are quickly disappearing, and we must start using others.
 
Today’s companies are rewriting the retirement rules for working Americans. Traditional pension plans, which gained prominence in the 20th century, are rapidly disappearing because of the high costs involved in funding them. Some corporations are defaulting on their plans, and an increasing number
of companies have underfunded or at-risk plans.

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