Minority Business Programs in Jeopardy

 

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Black Unemployment Drops Slightly, Remains Steady for Black Men

by Dr. Boyce Watkins, Your Black World – Scholarship in Action 

The recent release of data from the Bureau of Labor Statistics indicates that Black unemployment declined during the month of July.  It had reached 16.2 percent and dropped over the course of the month to 15.9 percent.  While the number is an improvement, it is still nearly double that of white Americans.

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Getting the Wedding You Want with No Drama

by George James

The summer is a time for warm weather, vacation, family reunions and weddings. Many couples plan their wedding during the summer and fall months. Planning a wedding can bring a lot of stress and drama to the couple. From deciding when and where to get married, to working on the guest list and to figuring out how you will pay for the wedding. Stress and drama can also come from what other people want for your wedding and from handling major conflicts such as faith, money or where to live after the wedding. It is possible to get the wedding you want and not have any drama, even with all the possibilities leading up to the wedding.

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38% of African Americans Have Lost Their Job in the Last Three Years

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Yes, Bill Collectors May Be Following You on Facebook, Twitter and Everything Else

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Banks Set to Start Increasing Fees Substantially

It looks like banks are going to be increasing your fees soon.  Buyer beware.

Regal Black Women from Around the World

 

 

 

 

Click here to read about these women and others on Black Enterprise

Black Americans Not Getting Good Financial Advice

 

by TEWire
Special to the Trice Edney News Wire from the Afro American Newspapers
Originally posted 4/27/2011

Only two out of every 10 African-Americans are on a path to achieve their retirement goals, according to a six-month-old survey of Blacks conducted by a major wealth manager.

 

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Should You Need a License to Braid Hair? A Woman Files a Lawsuit Over the Issue

 

by Dr. Boyce Watkins, Your Black World – Scholarship in Action 

Jestina Clayton is a woman in Utah who is originally from Sierra Leone in West Africa.  She does African braiding part-time in order to make extra money.  She is now being confronted with the loss of significant income, since a law in the state of Utah claims that you must have a full cosmetology license in order to braid hair.

Clayton filed suit this week in the court of law.  She is being backed by the Institute for Justice, a Virginia-based organization that helps people like Clayton challenge unjust laws.

A Black Prof Discusses Racial Bias in Financial Decisions

Your Black World reports

Have you ever tried to get a loan, and felt that you weren’t being treated the same as if you were white?  What about watching that promotion at work being given to the white guy down the hall when you were the one slaving night and day for 20 years?  Well, this feeling is not uncommon.  A recent survey at YourBlackWorld.com showed that nearly 90% of African Americans feel that they’ve experienced some kind of discrimination in the workplace.  In spite of our having a black president and attorney general, new laws have not been introduced to help people of color fight discrimination in the workplace.

Another prominent type of discrimination is the racial bias in other kinds of financial decisions.  Millions of black people were victims of predatory lending during the recent financial crisis, leading to a massive decline in black family wealth over the last decade.  Additionally, the ability to build a business, get government contracts or do other things to create financial security for your family can be impacted by the color of your skin.  Prof. Stephanie Yates Rauterkus at The University of Alabama Birmingham speaks on the topic in the video below.

Click here to watch the video

To join the Your Black World Coalition, please visit YourBlackWorld.com.

Tonya McDowell in ColorLines magazine

From Colorlines Magazine

A homeless Connecticut mother has been arrested and charged with larceny for allegedly stealing her son’s education from a public school police say he had no right to attend. Tanya McDowell is a 33-year-old Bridgeport resident who used her babysitter’s address in Norwalk, where the schools were better, so her five-year-old son Andres Justin Paches could go to school. A.J. was enrolled in Brookside Elementary School’s kindergarten from September to January. They’ve been living out of her van.

Black Family Wealth Has Virtually Disappeared

by Dr. Boyce Watkins – YourBlackWorld.com 

The first decade of the new millennium brought a lot of things that the world didn't expect: the ability to order a pizza on your home computer, cell phones that allow you to talk to your friends face-to-face, and our nation's first black president.

One other unexpected event of the last decade is the disappearance of a century's worth of progress in reducing the wealth gap between black and white Americans. AsRex Nutting at Market Watch so accurately notes, wealth levels of the black family in America have declined dramatically during the past decade, and they show no evidence of getting better any time soon.

According to Nutting, "In a country where access to capital is everything, most blacks have nothing."

 

First, Nutting mentions that African Americans have the highest unemployment rates in the country, which stand at an average of 16.5%, compared to 9% for whites. What is most daunting is that soaring black joblessness, combined with higher foreclosure rates, bankruptcies, and declining home values have seriously cut into the wealth of the black family in America. in other words, we are the first to lose our jobs, have the least wealth to protect our families when times are tough, and a greater reliance on declining home equity as a source of economic security. This economy has provided the perfect storm of black economic destruction.

According to Nutting, the median net worth for black households dropped from $9,300 in 2007 to $2,200 in 2009, much lower than the median wealth of $98,000 for white households. He also mentions that incomes dropped in black homes by 7.2% between 2007 and 2009, much greater than the 4.2% decline for white families.

Nutting's article reminds us that the United States has a long way to go when it comes to wealth distribution. Over 80% of the nation's wealth is controlled by just 20% of its citizens, and the richest 1% of Americans controls one-third of the nation's wealth. Roughly 40% of Americans have no wealth at all. African Americans are disproportionately represented in the group of Americans with zero or negative wealth, which is a problem that most of our elected officials are inclined to ignore, and something that our nation's citizens don't spend much time getting upset about.

Nutting is correct to mention that most Americans have their wealth tied up in their home values. So, when home prices dropped so dramatically during the economic downturn, this led to the wealth of many black families disappearing as quickly as it had arrived. Most of the economic disparities in the United States don't exist because whites are more responsible with their money or possess economic intelligence that black people don't have. The primary reason for the gap is that for hundreds of years, African Americans added to our nation's net worth, but were not being properly compensated for it (similar to how the NCAA operates). Being left out of the growth of America's economic engine has kept African Americans at the bottom of the ladder of institutional opportunity: Our school systems are not well-funded, we can't find jobs because we don't own the businesses that take applications, and we continue to be utilized as for-profit commodities by the prison industrial complex.

According to Nutting's research regarding the Survey of Consumer Finances, black families were three times wealthier (in real terms) in 1983 than they were in 2009. As white families saw their net worth grow from $124,000 in 2001 to $143,600 in 2007, blacks actually saw their net worth drop from $12,500 to $9,300. By 2009, white families saw their wealth levels drop to $94,600, but African Americans's levels dropped even more to $2,200. So, between 2001 and 2009, African American families went from having a disgraceful one-tenth of the wealth of white families to an even more horrific ratio of one-fiftieth.

I am not sure how to process the Obama Administration's blind, deaf and dumb response to the persistent wealth and opportunity gaps in America that pertain to race. While the president continues to be popular among African Americans, I would encourage members of his administration to remember that leading with courage is an important part of making African American history (not just holding a fancy title that adds almost nothing more than symbolic value for the black community at large). Courage means sometimes doing things that are not popular and working to make America better.
Given that I haven't heard the president or his team use the words "black man," "black woman," or "black families" in public over the last two years, I am concerned as to whether or not our first black president has been or is willing to do much to fight on issues that matter to black people who didn't go to Harvard University. For example, it's interesting that President Obama would speak up for Henry Louis Gates in a meaningless and ambiguous scuffle with a police officer, but wouldn't say a word about Kelley Williams-Bolar, a black woman who was sent to jail for trying to get her kids into a good school. The latter case was far more significant in the fight against inequality, but Kelley's housing projects were apparently not close enough to Harvard Yard.

There is the added complication that perhaps, because of being a black man, President Obama could "get in trouble" with white voters for advocating on issues that matter to African Americans. This argument has been used by supporters of Hillary Clinton, who might be far less sheepish or self-conscious about advocating for women and minorities. I'm not sure if the Clinton supporters are correct, but the last two years have made many African American families wonder if it even matters who sits in the White House.

Dr. Boyce Watkins is the founder of the Your Black World Coalition.  To have Dr. Boyce commentary delivered to your email, please click here. 

Technorati Tags: black wealth,african american wealth,black scholars,african american scholars

Deborrah Cooper Explains What It Means for a Woman to “Submit” To Her Man

 

by Dr. Boyce Watkins, Your Black World

Given the importance of the critical theme of black relationships (which we’re hitting from various angles this week on YBW), I had to get another perspective on some of the things that folks are quoting from the bible as it pertains to how black relationships need to be structured.  What does it mean for a black man to “lead” in his relationship?  What does it mean for a woman to “submit?”  One thing that many of us can agree on is the fact that black relationships have been falling apart for a very long time.  The majority of our homes are being run by a single parent, and far too many children are growing up without their fathers in shouting distance.  What some don’t acknowledge is that there is a direct correlation between the break down of the black family and the growth of the prison industrial complex.  Locking up men for decades for the sale of drugs that were brought into our communities has devastated many of us, and urban decay in the 1980s led to job losses with few viable alternatives to illegal activity.  A recent study in The Economist showed that a one percentage point increase in the incarceration rate leads to a 2.4 percent decline in the percentage of black women who eventually get married.

 

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CNN: Plane Carrying Michelle Obama Comes Too Close To Another Plane and Aborts Landing

Washington (CNN) -- A plane carrying Michelle Obama had to abort its landing on Monday after it came too close to a military C-17 cargo plane, according to a senior administration official and the Federal Aviation Administration.

The planes were three miles apart, when they are supposed to be five miles apart, the official told CNN. The Federal Aviation Administration is investigating what went wrong, as it is believed to be an air traffic controller mistake, the official said.

The White House does not believe the first lady's life was ever in danger, the senior official said.

 

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Dr. Boyce: The Depth of Forest Whitaker’s Tax Problems

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

Hollywood superstar Forest Whitaker was recently hit with a large tax bill after failing to pay $185,000 he owed to the IRS. The tax collectors in California have cited Whitaker and filed a lien for the balance. Both he and his wife Keisha are named in the complaint, which was filed in the Los Angeles County Recorder of Deeds.
It was reported in 2009 that Whitaker owed $1.29 million in state and federal taxes. Whitaker is not the only Hollywood megastar to have tax problems. Actor Wesley Snipes is in prison until 2013 after being charged with failing to file tax returns for three years.
Chris Tucker was hit with some very serious tax problems himself, as the LA County Records Office showed that Tucker owed over $11 million in taxes up through 2006. Actor Nicolas Cage was also found to owe millions to the IRS.

 

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Dr. Boyce Spotlight: Black Female Entrepreneur Teaches Math to Make Her Money

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

What is your name, and what do you do?
My name is Stephanie Espy, and I'm the founder and president of MathSP (www.MathSP.com). MathSP is a math enrichment company that helps individuals to improve their math skills. Based in Atlanta, Georgia, MathSP provides instruction to middle school students, high school students, college students, adults who need additional math-based resources alongside their coursework, and students who need an added challenge beyond their coursework. MathSP also prepares individuals for the math section of various standardized tests such as the SAT or ACT, computer-adaptive exams such as the GMAT or GRE, and state exams such as the EOCT or GHSGT.

 

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Black Female Entrepreneurs Give You Virtual Assistance

 

by Dr. Boyce Watkins, Syracuse University - Scholarship in Action 

Most of us think that a personal assistant is someone who lives and works right next to you. In the age of technology, it is no longer necessary to be in the same room or even the same country as the person who handles your daily affairs. With technology, cell phones, and other ways for us to remain connected, it's quite simple to work with someone every day of your life and never even see them. It is because of their brilliant use of technology and entrepreneurship skills that the ladies with JustGo Virtual Assistants are today's Dr. Boyce Watkins Spotlight on AOL Black Voices:

What is your name and what do you do?
Our name is JustGo and we are a company that provides new age administrative and personal assistant services to high profile speakers, authors, entrepreneurs, and small businesses. Our assistants, although in another state, are able to complete and fulfill client requests and wishes through the use of internet, email, fax, phone, and/or chat. We may not be able to personally pour your daily cup of coffee, but we can definitely have it delivered to you. JustGo presents a comfortable and convenient opportunity to those professionally inclined individuals with impeccable administrative and computer skills to work from home while also gifting its clients with money saving services that reduce over-head expenses and relieves the pressures of routine responsibilities. This frees the client to focus on tasks that are more profit generating or gives them the opportunity to enjoy leisurely activities they otherwise may not have time for.

 

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Dr. Boyce Watkins Spotlight: A Couple Makes Both Money and Love

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One reason that we do the spotlights here on AOL Black Voices is to profile businesses, organizations and individuals who are doing outstanding (but perhaps unsung) work within the African American community. While most media enjoys highlighting the dysfunction of the black community, we believe that there is plenty to celebrate. What I love about Ayize and Aiyana Ma'at is that they've found a way to use their love to create the financial fuel that helps to sustain their family. As certified relationship counselors, they also work together to help other couples find the love they've been seeking as well. It is because of their empowered commitment to strengthening the black family in America that Ayize and Aiyana Ma'at are today's Dr. Boyce Watkins Spotlight on AOL Black Voices:

 

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Dr. Boyce: Two Nigerian Men Makes the Forbes Billionaires List

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

Two Nigerian men, Mike Adenuga and Aliko Dangote, represented their home country of Nigeria by placing themselves among the wealthiest men in the world. Both men made the Forbes billionaires list, with Adenuga ranking as number 595, while Dangote skyrocketed up to number 51. Dangote's fortune grew five fold last year, as he consolidated his holdings and went public on the Nigerian Stock Exchange. His company now has a market cap of $13 Billion, representing over one-fourth of the total market cap of the entire Nigerian stock market.

Dangote is able to make money hand-over-fist primarily because there are so few Nigerian cement suppliers to meet the country's increasing demand for construction. He is now wealthier than South African billionaires Nicky Oppenheimer from Debeers and John Rupert, both of whom are white. During my trip to Nigeria in 2009, I noticed that there was a tremendous amount of construction being done in the country, as well as a hunger to understand the principles of entrepreneurship and building a business. I expect the country to continue to grow, assuming that it can deal with itswell-documented corruption problems (for example, I was asked to give an agent money in order to get my bags through airport security).

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Nwenna Kai Gives the Value of Eating Healthy

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action

African Americans must learn to eat healthy. Many of the diseases that end our lives are preventable, but our addiction to grandma's famous fried chicken often leads to our demise. People like Nwenna Kai are working to remedy this problem by helping people of color learn what to eat and how to live. She is an entrepreneur with a passion for food and a commitment to her community, and it is for that reason that Nwenna Kai is today's Dr. Boyce Watkins Spotlight on AOL BlackVoices.com:

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Dr. Boyce: Does Education Always Lead to a Better Job? Nope

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

An economist for whom I have tremendous respect, Paul Krugman, recently wrote a New York Times article which put the debate over education into context. I found the article interesting as I prepare to speak at the National Black Law Students Association Convention with my colleague, Charles Ogletree at Harvard University.
I've been thinking a great deal about how to help our community understand the meaning and value of a good education (here are some of my thoughts on the matter if you're interested). I've preached relentlessly that being well-educated is incredibly important for all of us, and that we should be willing to fight to the end to make sure our kids get what they need from our woefully inadequate school systems. At the same time, my recent appearance at the Black Achievers Banquet in Louisville, Ky led me to conclude that further discussion is necessary. I saw quite a few young people doing amazing things, but it's my hope to help us all understand that an education is not simply a path to getting a job with some corporation that will have you doing meaningless work for your entire life. Sure, that can be part of the plan, but it can't be the entire plan altogether.

 

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Dr. Boyce Note: Single Black Women and the Church

Quick note by Dr. Boyce Watkins

I'm doing an email interview with Ebony Magazine about the options for black women in the church finding a lifelong partner.  It's really giving me reason for pause, because I've never quite understood those women who will only date men who go to church and believe what they do.  I know quite a few brothers who walk the walk and talk the talk, but don't have any desire to be ethical mates or good partners.

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Is the Oprah Winfrey Network a Failure Already? Some are Trying to Say that it Is

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

 

I’m not sure if this is the right time to pass judgment on the Oprah Winfrey Network (OWN), since it just began.  But Alexis Stodghill at AOL Black Voices, the New York Times and others are beginning to wonder if the magic is going to last.   According to the Times:

OWN, her two-month-old channel, is attracting fewer viewers than the obscure channel it replaced, Discovery Health. At any given time this month, there have been about 135,000 people watching OWN, according to the Nielsen Company, and only about 45,000 of those people are women ages 25 to 54, the demographic that the channel is focusing on.

Those ratings levels, down about 10 percent from Discovery Health’s levels last year, are being carefully watched by people who would like to rebuild cable channels around other celebrities, and by investors who worry that OWN is a drag on Discovery’s stock.

 

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Young Black CEO Created $60,000 Per Month Business by Making Phone Calls

 

Click to watch the interview with Lawrence Watkins, founder of GreatBlackSpeakers.com.

Ephren Taylor Gives Interview about Bishop Eddie Long Financial Mix-Up

Interview done by Dr. Boyce Watkins 

Quite a few people took notice when Bishop Eddie Long went to YouTube to issue a very direct challenge to young entrepreneur Ephren Taylor over money that Bishop Long felt Taylor to have shaken out of his congregation. According to Bishop Long, Taylor should give $1 million to the members of his congregation who made investments in response to a seminar being offered by Taylor. Long's video seems to imply that Ephren had been unethical and misleading in the way he delivered the information and that people had lost thousands of dollars as a result.

I've never personally met either Bishop Eddie Long or Ephren Taylor, but I watched the Eddie Long video with extreme curiosity. I felt it to be entirely possible that Taylor could have been less than ethical, since pure capitalism tends to put ethics at the bottom of the priority list (legality is not the same as morality, so someone could be unethical while remaining within the boundaries of the law) . At the same time, there was also the possibility that Long's parishioners may not have read the fine print or had a misconception about what it means to invest. Some investors believe that investing means that you are guaranteed to make money. This is far from the truth. You can easily lose everything, so you should make sure you're prepared to stomach the risk before putting up your money.

 

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Sex, Church and the Single Black Sister

by Dr. Boyce Watkins, Syracuse University

One of the most intriguing things about the black community is the power of the black church. The church is one of our most powerful and impactful institutions. With the power of the black church comes the scandal that we all know about. Books are written about the things that happen in church that we don't want to talk about, in large part because the black church can be as much of a social institution as a spiritual one.
Sha' Givens has written a book about single black women in the church and the ways that they can achieve their goals without selling their souls. She is also a young black entrepreneur working to make a mark on the world in which she lives. It is for that reason that Sha' Givens is today's Dr. Boyce Watkins Spotlight on AOL Black Voices:

 

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Should Black People Reject Valentine’s Day?

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

Most men know how expensive Valentine's Day can get. Someone decided that spending money is somehow a translation to showing love, which is an interesting misguided relationship philosophy. Valentine's Day is one of the most over-hyped holidays known to man, with advertising starting right after Christmas. Any man in a serious relationship is well-aware of the pending doom of his social life if he doesn't flex his wallet at least a little bit on that special day.
According to the National Federation's 2010 Valentine's Day Consumer Intentions and Actions Survey, over $14 billion is spent on Valentine's Day related purchases. This is roughly $103 for every single man, woman and child in America. Yes, the hype has real economic consequences.

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S. Tia Brown: Dating a Black Entrepreneur

by S. Tia Brown, Essence.com

First let me say this: I am single. However, just like you don't have to smoke crack to tell "rockheads" don't do it... well, you get the rest.
Second, I'm an avid, calendar-clearing, repeat-watching fan of the "Real Housewives of Atlanta." You know the type. I text my girls during the commercials. I feel like I know the "ins and outs" of the cast intimately. And, occasionally I pass judgment on their decisions.
With those two details out the way, it's time for my third assertion: When it comes to marriage, particularly to an entrepreneur, it can't always be tit for tat. Over the last few weeks I've watched Cynthia Bailey's now husband, Peter Thomas, try to pull out the dagger ripping his heart apart as his business -- their family's bread and butter-- revenue dropped lower than NeNe Leakes' cleavage line. Thomas shared his woes about picking up the pieces. Bailey worried about financing their wedding. Thomas grew angrier about not getting investors. Bailey balled about being owed her investment in his business. Thomas was forced to close his restaurant and rebuild. Bailey cried about not going on a honeymoon. All I kept thinking is, "where dey do dat at?"

 

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Dr. Boyce and Rev. Jesse Jackson Discuss the Fundamental Problems with the Economy

 

Click here to listen to Dr. Watkins and Rev. Jackson’s conversation about the state of the American economy.

Can You Stay Fly and Keep In Your Budget? The Frugalista Says You Can

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

Natalie P. McNeal is onto something. Under the name "The Frugalista," she has come up with a set of concepts that allow us to balance our need to save with our desire to enjoy life. Black people, on average, tend to be first-class consumers, second-class savers and third-class investors, leading many of us to a life on the edge of financial ruin. Even those of us who have high incomes can end up with debt up to our eyeballs and bills that we can barely afford to pay. So, when unemployment or financial crisis hits our households, we are the first to be bankrupt or in foreclosure.

The Frugalista lays out her own experience with debt and how she found a way to save money without forcing herself to live a Spartan life. She teaches that saving money should not be the only important thing in your life, but that financial responsibility can be a key to having a better life experience. It is for that reason that Natalie P. Mcneal is today's Dr. Boyce Watkins Spotlight on AOL Black Voices:

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Dr. Boyce on NPR: Is College Still a Good Investment?

 

Click here to listen to Dr. Boyce Watkins discuss whether or not college is a good investment during a recession.

Black Men in Prison and How It Affects The Ability to Get Married

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

In a very compelling article, The Economist Magazine stepped away from its standard delivery of international political updates to dig deeply into the experience of the African American woman. In the article, economists analyze dating for black women as a market, where men and women enter the market to search for a suitable mate.
The author starts off with a simple example to help make his point. He says "IMAGINE that the world consists of 20 men and 20 women, all of them heterosexual and in search of a mate. Since the numbers are even, everyone can find a partner. But what happens if you take away one man?"
Then, citing the work of Tim Harford, an economist in England, the author says that because one out of the 20 women faces the possibility of never finding a husband, she tries harder to get a man, perhaps by dressing more seductively or doing things the other women might not do. She may even steal a man from someone else. This then affects what other women do to find and keep their own men, and also the behavior of the men themselves.

 

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Dr. Boyce Spotlight: Black Relationships Guru Builds Career from Giving Advice

Given that I've always been concerned about the breakdown of black families, I thought I would reach out to a woman who's made a career out of speaking to the challenges of black relationships. Her name is not Steve Harvey, so she's not a comedian. Instead, she's serious about figuring out what it takes to make our relationships work and she's even asked if the black church keeps women single and lonely. We can't let either black men or black women off the hook when it comes to the breakdown of our families, for both parties react in ways that are reflective of hundreds of years of societal abuse. As a result, black men and women end up angry and hurt by one another with both sides pointing fingers. But at the end of the day, you are the one who is responsible for your own behavior, so if your relationships are all falling apart, your journey must start by glancing into the mirror. While simply choosing better people to date might be part of the solution, that can also be a copout (since you spend your life searching for "the one" who can manage all of your own dysfunction). Instead, honest reflection on the manner by which you go about loving people who come into your life is probably more important. It is because of my concern on this issue that Deborrah Cooper is today's Dr. Boyce Watkins Spotlight for AOL Black Voices.

1) What is your full name and what do you do?
Deborrah Cooper is my given name. I'm a dating expert, writer/columnist and broadcast journalist. I've been writing controversial relationship based articles and dating advice columns under the pen name "Ms. HeartBeat" since 1992. As a matter of fact, I served as the relationship columnist on AOL's "other" Black channel (NetNoir) in the mid- to late 1990s.

 

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Three Things Obama Can Do for Black People

by Dr. Boyce Watkins, Syracuse University – Scholarship in Action 

I was shaking my head over and over again in preparation for a conversation we are going to have on NPR tomorrow about President Obama. The show is called "Talk of the Nation," and I had the esteemed honor of being the resident black guy, as the other two guests are set to discuss various elements of foreign and domestic policy. I'm just joking about the "black guy" thing, since I'm just happy they didn't choose someone like Juan Williams.

At any rate, my brain started spinning on how President Obama can best use the remainder of his first term as it pertains to people of color. I thought carefully about what he's done, what he's doing, what he's up against and what matters to us. In my course of thought, I came to a few conclusions.

 

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Black Couple Allegedly Cheated Out of $800K on a Game Show

 

by Dr. Boyce Watkins, Syracuse University 

Gabe Okoye and his girlfriend, Brittany Mayti were set up for the opportunity of a lifetime. Appearing on the television show, "Million Dollar Money Drop," they had a chance to walk home with several hundred thousand dollars by correctly answering a few questions.
The airwaves were buzzing after the couple was allegedly cheated out of the right answer on the Fox Show. The question was "Which of these was sold in stores first: the Macintosh Computer, the Sony Walkman or Post-it Notes?" The couple argued for quite a while over which answer was correct. Brittany wanted to put her money on the Walkman, but Gabe was adamant that the Post-it note was the correct answer. So, out of the $880,000 the couple had left, $800,000 was put on the Post-It, while the remaining $80,000 was put on the Walkman. In other words, they were saying that they believed the Post-It Note came out first.

 

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