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Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!

Producers of the Allstate Gospel Superfest

The Allstate Gospel Superfest Battle of the Bands New Talent Search to Return in August!- Jacksonville, Memphis & Washington, DC Chosen to Host the 2014 Competitions -(BLACK PR WIRE) – Cincinnati, OH – Producers of the Allstate Gospel Superfest will conduct its sixth annual new talent initiative in three major U.S. cities this coming…

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Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Dorothy Buckhanan Wilson Installed as International President of Alpha Kappa Alpha Sorority, Incorporated

Charlotte, NC (BlackPR.com)

Dorothy Buckhanan Wilson of Milwaukee, Wisconsin, a business executive, was installed as the 2014-2018 International President of Alpha Kappa Alpha Sorority, Incorporated (AKA)

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Nielsen Expands Communications Leadership Team with Key Media Relations Hire

Nielsen Expands Communications Leadership Team with Key Media Relations Hire

New York (BlackPR.com)

New York (BlackPR.com) -- Nielsen today announced that Andrew McCaskill has joined Nielsen as Senior Vice President, Corporate Communications. He will report to Chief Communications Officer Laura Nelson.

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Voter Suppression: It’s Mobilization Time

Voter Suppression: It’s Mobilization Time

Written by Peter Grear

With this article we will start detailing the ingredients of a revisable action plan that needs comments and revisions as we move toward the Tuesday, November 4, 2014 General Election.  

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Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

Las Vegas Comedian James Bean's Candid Account Of His Struggle With Suicide

WHEN THE HUMOR IS GONE

James Bean has shown insight and understanding of the darkest moments of many people’s lives as well as ideas on how one could begin to create a life worth living even out of the depths of despair.” -– Rhonda Duncombe, LMFT, LADC

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Voter Suppression: NC Black Republican Advisory Board

Voter Suppression: NC Black Republican Advisory Board

Written by Peter Grear

Educate, Organize and Mobilize: I confess that I’m amazed. The Republican National Committee and the Republican Party of North Carolina announced last week that they have launched theNorth Carolina Black Advisory Board (BRAB) 

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Tips for Managing Stress in Your Life

Tips for Managing Stress in Your Life

Written by State Point

Stress is not only unpleasant; it can be overwhelming, ultimately preventing you from solving the problems that caused the stress in the first place. But getting focused can help you feel happier and be more successful professionally, financially and in your relationships, say experts.

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Voter Suppression: Defeating it requires two massive efforts

Voter Suppression: Defeating it requires two massive efforts

Written by Peter Grear

For black voters, Benjamin Jealous expressed what I believe to be the critical message for black voters when he said that the best way to overcome massive voter suppression is through a massive wave of voter registration.  Thankfully, the NAACP is putting this theory into action through the Youth Organizing…

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Black Women are Taking Care of Business

Black Women are Taking Care of Business

Written by Freddie Allen

Instead of breaking the glass ceiling, Black women have increasingly started making their own. According to the Center for American Progress, an independent, nonpartisan progressive institute, Black women are the fastest-growing group of entrepreneurs in the country.

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Voter Suppression: Is it partisan?

Voter Suppression: Is it partisan?

Written by Peter Grear

Educate, Organize and Mobilize: I’ve been doing commentaries on our Campaign to Defeat Voter Suppression since November, 2013.  Because the right to vote is fundamental to our democracy, I’ve tried to promote a non-partisan theory of voter enfranchisement. 

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Why vote? ALEC and the Doctrine of Exclusion

Why vote? ALEC and the Doctrine of Exclusion

By Peter Grear

Educate, Organize and Mobilize: Frequently, in going forward it is imperative to examine your history.  In 1638 the Maryland Colony issued a public edict encouraging the separation of the races that became the public policy of America. 

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Download Greater Diversity News Digital PDF Edition for FREE

Download Greater Diversity News Digital PDF Edition for FREE

FREE Full PDF Edition includes stories not featured on the website

The FREE Full PDF Edition includes stories not featured on the website. No paper, no hasel, read on your laptop or mobile devices. 

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Your Money Really Matters: If Your Home Value is Underwater…?

Written by Michael G. Shinn on 11 December 2009.

The home mortgage crisis and subsequent recession have had a devastating effect on many homeowners. According to a report by First American CoreLogic, twenty three percent of U.S. homeowners owe more on their mortgage than the home is worth. In other words, their home value is under water and they have negative equity in their home. “Many people who have negative home equity believe their only option is foreclosure, but there are other alternatives. However, the worse thing they can do is nothing,” states Janis Wirt, a Realtor with Keller Williams Realty of Greater Cleveland. Analyze Your Situation If you need to sell your home in the short term or you cannot keep up with the mortgage payments, you may want to consider the following steps to help analyze your situation. First, look at your mortgage documents to determine your current balance, interest rate and years remaining on your mortgage. Individually invite three knowledgeable realtors to look at your home and to estimate a market value range.They can supply comparable sales information for homes in your area and suggest a sales/marketing plan. Next, meet with your mortgage holder and discuss your situation and possible mortgage modifications. Sit down and discuss the situation with your family or trusted advisor and answer the following: •What is the estimated market value of your home and how much is the mortgage? •How much is your home value underwater? •What is the probability of a sale within 6-9 months? •If you could, how long would you stay in the home? More or less than 5 years? •What are the possibilities of refinancing or modifying the mortgage? •What is your overall financial and credit situation? •What are your housing alternatives? Underwater Options Depending on your overall financial situation, there may be several options to deal with negative home equity. The “Making Home Affordable Initiative” launched by the federal government in early 2009, provides incentives to lenders to work with homeowners. www.makinghomesaffordable.gov/ In these tough economic times, the government wants to keep citizens in their homes and lenders are not looking forward to foreclosing on more properties. Refinance - Interest rates are at historically low levels. If you are current on your mortgage payments, your loan to value is between 80% and 125%, your loan is backed by Fannie Mae or Freddie Mac and you have income to support the new mortgage payments, you may be able to refinance with a new fixed rate loan. Lender Workout - For borrowers at risk of loan default and who have experienced financial hardship, lenders may allow a loan modification. This could include modifying the terms of the loan, agreeing to a repayment plan or even signing over the property to the lender for debt forgiveness. Sell and payoff the balance- If you can sell the house and payoff the remaining loan balance at closing from other assets, such as savings or an IRA account, you can avoid the negative credit damage of a short sale or foreclosure. Short Sale - The owner agrees to sell the house for less that the mortgage balance and turn the proceeds over to the lender. The lender also agrees to the sale and to take a moderate loss on the loan versus the time and potential high loss through foreclosure. The owner may have some or all of the liability for the unpaid balance. A short sale may negatively impact the owners credit. Foreclosure - If the owner fails to make payments and defaults on the loan, the lender can foreclose on the property. In many states, the property is sold at a public auction and the proceeds are given to the lender. The previous owner is still responsible for the difference between the sale proceeds and the loan balance, plus fees and legal expenses. Foreclosure will significantly damage an individual’s credit. If your home value is underwater, analyze your situation, get more information, determine your best course of action and then implement your plan. You may be able to work out a sustainable alternative. Visit www.shinnfinancial.com for more information or to send your comments or questions to shinnm@financialnetwork.com. © Michael G. Shinn 2009.

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