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Billion dollar debt buying and collection abuses

debtcollector 600Are you or someone you know being pursued or harassed late into the evenings and on weekends by debt collectors? If so, research shows that you are among one in seven Americans being pursued by debt collection agencies.

In a newly-released chapter in its State of Lending series, the Center for Responsible Lending (CRL) found that debt buying and debt collection is big, big business. Among publicly-traded debt buyers' income grew from $582 million in 2009 to more than $1 billion in 2012.

And amid these billion dollar deals, scant regulation allows profiteers to take advantage of financially-distressed consumers, often securing court judgments for debts that may not even be owed. A 2009 Federal Trade Commission analysis of 3.9 million consumer accounts, found only 6 percent of the accounts came with any documentation.

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‘Thugs in the desert’ at the Bundy Ranch

desertthugs 600One can be forgiven for thinking the contest for the most outrageous, publicly-exposed racist behavior of recent weeks was between Cliven Bundy, the chiseling Nevada rancher, and Donald Sterling, the despicable billionaire owner of the Los Angeles Clippers.

As New York Times columnist Charles M. Blow wrote recently of Sterling's now-famous taped rant, both men's words offer "a rare and vivid exposition of the historical themes and loopy logic of the racist mind: possessed of derangement, detached from reason, bereft of morality." Further, Blow's column is a must-read for its sharp-eyed analysis that the race-driven pathology of both Sterling and his mistress, V. Stiviano, provides "a disturbing peek at the intersection of racism, misogyny and privilege."

In one sense, that tips the scale between the two toward Sterling. He's so deeply mired in the psychosexual muck of the slave-master mentality – of being attracted to a woman of African-American and Mexican-American parentage while deluding himself that he's dominating Black men because he's so personally powerful and attractive.

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Brown v Board of Education’s uncertain legacy on teacher diversity

troublingnumbers 600There's a growing racial gap between students and their teachers. On the eve of the 60th anniversary of the landmark Brown v. Board of Education Supreme Court decision on May 18, the Center for American Progress and the National Education Association released data from the National Center of Education Statistics, which found that 82 percent of the teachers are white, while 48 percent of the students are non-white.

The racial gap among teachers will grow according to experts. Woodrow Wilson reports that if current trends hold, the percentage of teachers of color will fall to an all-time low of 5 percent of the total teacher workforce by 2020. At the same time the percentage of students of color will likely exceed 50 percent in the fall of 2014.

Most people look at these numbers and singularly point to a teacher pipeline issue. We assume that people of color need to be recruited into the profession. But, let's not fall in the trap of blaming people of color for these numbers. Ask, "Why aren't people of color being hired as teachers?"

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'Diddy' wows crowd in emotional commencement speech at Howard University graduation

drcombs 600Chants roared from the crowd as attendees of Howard University's 146th commencement waited to hear from one of the entertainment industry's most notable figures, Sean "Diddy" Combs.

After weeks of controversy surrounding the university's decision to award Diddy with an honorary doctorate of humanities, the media mogul took the stage to address more than a thousand graduates, even those who disagreed with Howard choosing him as the commencement speaker.

"There were some graduates who thought him receiving an honorary degree when they earned theirs is contradictory to what they went through," said Cameron Terry, a junior business management major. "But if you had the same opportunity you would do the same thing."

 

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Emory’s business school wins competition for implementing Common Core

commoncorecheck 600(PRNewswire-USNewswire) – The MBA team from Emory University's Goizueta Business School in Atlanta delivered the best case for promoting the implementation of Common Core State Standards during The Executive Leadership Foundation's (ELF's) 2014 Business Case Competition.

Goizueta was one of three finalist teams competing for $70,000 in scholarships. Sponsored for the fifth year by Exxon Mobil Corporation, ELF's annual competition invited MBA/MA teams from 70 business schools to analyze a compelling business issue that challenged their critical thinking, analytical, and communications skills. The 2014 winners were selected by a panel of judges including leaders from corporations and non-profits such as BAE Systems, Comcast Corporation, DuPont, UNCF, Hispanic Association on Corporate Responsibility, and The Johns Hopkins University Whiting School of Engineering and JEA.

"This has been such a rewarding experience and has helped me know, with confidence, that there are great things that I can aspire to achieve in my career," said Onix Ramirez, a member of the same Goizueta team that competed in 2012. "This second time, we said, 'We've been here before,' so we decided to use our experience to try again. We have grown, and now, we're so happy to have taken first place just days before graduating."

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