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An interest in lending

CharlesSimsJr-160Like most consumers, you have probably paid interest on a loan, whether it was a credit card, student loan, auto loan, or home mortgage. As an investor, it might be advantageous to be on the other side of the lending equation by purchasing bonds.

When you invest in a bond, you are loaning money to the bond issuer in exchange for the issuer's promise to repay the principal on the specified maturity date, plus the interest, which is usually paid every six months. Bond maturities typically range from 30 days to 30 years. Bonds with longer maturities generally pay higher interest rates than do similar bonds with shorter maturities.

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Donald T. Sterling is no aberration

EarlOfariHutchinson 600Los Angeles Clippers owner Donald T. Sterling is no aberration. On an audio recording that allegedly captures Sterling telling a girlfriend that he doesn't want African-Americans at "my games" and it ignited a furor. But it's part and parcel of an increasingly rotten and ugly saga that has become all too familiar in recent days.

In quick succession, GOP rocker and pitchman Ted Nugent maligned President Obama as a "subhuman mongrel," GOP House representative Paul Ryan, chair of the House Budget Committee, virtually called blacks and Hispanics lazy as the cause of their chronic high joblessness, and South Dakota GOP state representative Phil Jensen publicly said it was OK for businesses to exclude blacks from service.

Their outbursts could be chalked off to the rants, or ignorance of a few named GOP luminaries and some top GOP officials did chastise at least Nugent for his bone-headed cracks.

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New tobacco ‘apology’ ads plan still excludes most black media

Campbell Kessler_600WASHINGTON – A revised plan for major tobacco companies to purchase court-ordered ads to admit that they deliberately misled the public about the dangers of smoking would add nine white-owned newspapers to the list of publications carrying tobacco 'apology' ads but shut out more than 90 percent of black newspapers and all Black-owned radio and television stations, according to documents filed in federal court.

"If they had asked, we could have helped them develop a better plan than this," said National Newspaper Publishers Association Chairman Cloves Campbell. "They didn't consult us and the end result is that we're back to where this process started last year. What they have put on the table is totally unacceptable."

If the NNPA files a motion in opposition to the revised plan, as expected, the judge has a number of options from which to choose, including making a final decision on the merits of the case or ordering the defendants to come up with a more comprehensive plan.

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Maybe white girls should play with black dolls

TamaraHorn 600When we hear about the importance of multicultural toys, it's often in the context of giving black girls dolls that look like them to support their healthy self-image. While this is no doubt important, I wonder why we don't do more to encourage white girls to play with diverse dolls, too.

Let me explain.

As a little girl, I was the ultimate Barbie fanatic. I had at least 20 dolls; a big pink, plastic home for them; several cars; multiple Kens; and all the family members and special editions. But my favorite playtime adventures involved Barbie and her friend Christie, who, like me, was black.

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