09-27-2022  1:34 am   •   PDX and SEA Weather
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NORTHWEST NEWS

Black United Fund Launches Emerging Entrepreneur Program

Pilot program will support promising small business owner ready to take the next step.

After a Rocky Start Oregon Drug Decriminalization Eyes Progress

When voters passed the state's pioneering Drug Addiction Treatment andRecovery Act in 2020, the emphasis was on treatment as much as on decriminalizing possession of personal-use amounts of heroin, cocaine, methamphetamine and other drugs. But progress has been slow and Oregon still has among the highest addiction rates in the country yet over half of addiction treatment programs in the state don't have enough staffing and funding to help those who want help

Morgan State University Students Win Zillow’s HBCU Hackathon With App That Measures Financial Credibility Outside of Credit Scoring

Second-annual competition challenged participants to develop new technologies to help consumers during their journey to find a home.

Portland, Oregon, to Use Microphones to Track Gunshots

The decision to advance a pilot program with ShotSpotter was made after Wheeler met with Police Chief Chuck Lovell.

NEWS BRIEFS

11 Area Post Offices to Host Hiring Events

Over 100 Northwest USPS Hosting Job Fairs ...

Rep. Janelle Bynum Champions Oregon Business and Sets Sights on Strengthening Key Industries

Rep. Bynum invited leaders and experts to discuss ways the state can champion businesses of all sizes, expand broadband, bolster the...

PPS Renames Headquarters

The central office will be named after Matthew Prophet, Portland Public School's first Black Superintendent from 1982-1992,...

Affordable Housing Plan to Go Before Seattle Voters

If I-135 passes it would create a public development authority ...

Merkley, Wyden: Over $3.2 Million in Federal Funds to Address Domestic Violence and Expand Services for Survivors 

The awful threat of domestic violence undermines the safety of far too many households and communities in Oregon and nationwide ...

Floatplane wreckage recovery in Puget Sound begins

SEATTLE (AP) — The National Transportation Safety Board and the U.S. Navy have started efforts to recover the wreckage of a floatplane that crashed in Washington state’s Puget Sound earlier this month, killing all 10 people on board. A barge that’s been equipped to conduct the...

Man retried for sex crime found guilty, gets longer sentence

SALEM, Ore. (AP) — An Oregon man retried on a sexual assault charge has been found guilty and was sentenced Monday to 25 years in prison, about 45 years after he was acquitted of raping his then-wife in a trial that garnered national attention. In 2017, John Rideout was found...

Auburn loses 2nd center, Tate Johnson, to injury

AUBURN, Ala. (AP) — Auburn has lost its second center of the season with Tate Johnson slated for surgery on his left elbow. Tigers coach Bryan Harsin said Monday that Johnson is scheduled for surgery on the elbow Thursday and is expected to miss 6-8 weeks but could be out for the...

LSU survives Daniels' injury scare in romp over New Mexico

BATON ROUGE, La. (AP) — The LSU defense held New Mexico to 88 total yards and the Tigers survived an injury scare to starting quarterback Jayden Daniels in a 38-0 victory Saturday night at Tiger Stadium. “Once is an accident, twice is a coincidence, three times is a habit,” LSU...

OPINION

No Room for Black Folk

A recent interview with Dr. Ebony Elizabeth Thomas and an associate professor, reveals the inability of certain white Americans to share the benefits of our society ...

The Cruelty of Exploiting Vulnerable People for Political Advantage

There is always a new low for Trump Republicans. And that is pretty frightening. ...

The Military to American Youth: You Belong to Me

The U.S. military needs more than just money in its annual budget. It needs access to America’s young people as well — their wallets, their bodies, and their minds. ...

Financial Fairness at Risk With Proposed TD Bank-First Horizon Merger

As banks grow larger through mergers and focus on growing online and mobile services, serious concerns emerge on how fair and how accessible banking will be to traditionally underserved Black and Latino communities. ...

AFRICAN AMERICANS IN THE NEWS

Prosecutor who worked on 1 renewal of Emmett Till case dies

GREENWOOD, Miss. (AP) — Funeral services were held Monday for the Mississippi prosecutor who worked on one of the renewed investigations into the 1955 lynching of Black teenager Emmett Till, a killing that galvanized the civil rights movement after his mother insisted on an open-casket funeral so...

Civil rights law targets 'cancer alley' discrimination

RESERVE, La. (AP) — Sprawling industrial complexes line the drive east along the Mississippi River to the majority-Black town of Reserve, Louisiana. In the last seven miles the road passes a massive, rust-colored aluminum-oxide refinery, then the Evonik chemical plant, then rows of white tanks at...

Democrats in Florida seek to win over Latinos on gun control

MIAMI (AP) — Annette Taddeo walked to a podium overlooking Miami’s Biscayne Bay and described to her audience how she had fled terrorism as a teenager in Colombia and now feared for the safety of her 16-year-old daughter at an American public school. A blue and bright orange bus...

ENTERTAINMENT

Review: 'The Fall Guy' accurately portrays police procedures

“Fall Guy” by Archer Mayor (Minotaur) A Mercedes sedan, stolen a few days earlier in New Hampshire, is found abandoned in Vermont. It is crammed with stolen goods from a two-state crime spree. And in the trunk, police find a body. The victim turns out to be the...

Review: A Montana private detective faces two mysteries

“Treasure State” by C.J. Box (Minotaur) Former police officer turned Montana private detective Cassie Dewell has two bizarre mysteries on her hands. First off, a wealthy matron who’d been bilked by a conman needs her help — not to find the conman but locate the...

Krakow cancels Roger Waters gigs, urges him to visit Ukraine

WARSAW, Poland (AP) — The Polish city of Krakow cancelled gigs by Pink Floyd co-founder Roger Waters because of his sympathetic stance toward Russia in its war against Ukraine, a local councilman said Monday, inviting the singer to visit Ukraine with him to see the extent of Russian crimes. ...

U.S. & WORLD NEWS

He's back! Italy's Berlusconi wins Senate seat after tax ban

ROME (AP) — Just in time to celebrate his 86th birthday, former Italian premier Silvio Berlusconi is making his...

UN meeting produces sense that a 'new epoch' is arriving

UNITED NATIONS (AP) — The war in Ukraine and its global fallout transfixed the meeting of world leaders at the...

Asian shares mostly gain after Dow tumbles into bear market

Asian stocks were mostly higher on Tuesday after heavy selling on Wall Street put the Dow Jones Industrial Average...

Harris focuses Asia trip on security, adds tour to Korea DMZ

TOKYO (AP) — In meeting after meeting with Asian leaders Tuesday, Vice President Kamala Harris emphasized the...

As Cantonese language wanes, efforts grow to preserve it

SAN FRANCISCO (AP) — Three decades ago, finding opportunities to learn Cantonese in San Francisco wasn't hard....

Germany: pressure drops in second Russia gas pipeline

BERLIN (AP) — The Nord Stream 1 pipeline leading from Russia to Europe has reported a drop in pressure, only...

Blake Ellis CNN Money

NEW YORK (CNNMoney) -- While the average African American is feeling more financially secure, many still feel neglected by the financial industry, new research shows.

Half of African Americans say their financial situations have improved from a year ago, compared to 33% of the general population, according to a Prudential report released Tuesday. The survey polled 1,153 people who identified as African American or black and a general sampling of 471 Americans.

African Americans are also significantly more confident about making financial decisions. Nevertheless, they get 13% less contact from financial advisers, and only 26% of respondents feel that a financial firm has "effectively engaged and shown support for the African American community." As a result, only 19% have financial advisers, compared to 30% of the overall population.

Yet on average, African Americans find the financial industry to be more trustworthy than the general population does, and more than half say a financial adviser could help them -- making this underserved population an untapped opportunity for financial firms, Prudential found.

And the need for help is there.

Debt is the number one concern among the African American population, according to the survey. The median household had $18,000 in non-mortgage debt -- including student loans, credit cards and personal loans. That's 50% more than the general population. And those with college degrees were twice as likely to have student loan debt than the average college-educated American.

With higher debt, it's often harder to build savings. Median household savings is only $40,000 for African American households, compared to $97,000 nationally. When a college education is added to the equation, household savings rises to $66,000 for African American households but jumps to $207,000 for the average American household.

African American respondents were half as likely to have long-term investments like stocks, bonds and mutual funds. Yet they were significantly more likely to be financially supporting someone who is unemployed, as well as grandparents, parents, children and grandchildren.

 

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