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NM settles with Illinois debt collection company

ALBUQUERQUE–The New Mexico attorney general's office has reached a settlement with an Illinois debt collection company.

Insurance gap leads some elderly to forgo getting prescriptions

WASHINGTON–Many people in Medicare with diabetes, high blood pressure and other chronic conditions stop taking their medicine when faced with picking up the entire cost of their prescriptions, researchers say.

Rural economy still in slump

OMAHA, Neb.—The rural economy continues to falter with a significant pullback in new hiring, according to the August survey of bank CEOs in 11 Midwestern and Plains states. The Rural Mainstreet Index, which ranges between 0 and 100, plunged to a rec

Wall Street bailout aid questioned at Fed event

JACKSON, Wyo.–Do Washington policymakers listen too much to Wall Street? A possible bailout of Fannie Mae and Freddie Mac, on the heels of similar action involving investment firm Bear Stearns, seems to send a loud signal to financial companies that

TCB: Consumer outlook up more than expected in August

NEW YORK–Americans became more optimistic in the economy amid declining gas prices in August, marking the biggest jump in two years. The Conference Board, a private research group, said Tuesday that its consumer confidence index rose to 56.9, up fro

Bernanke: Financial crisis taking toll on economy

JACKSON, Wyo. Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country — coupled with higher inflation — is taking a toll on the economy and poses a major challenge to Fed policymakers as they tr

Black employees lag way behind whites in investing

As the baby boomer generation nears retirement, many Black employees may be forced to continue working until the day they die. “That’s because Blacks are not big on personal finance such as retirement plans and investing in the stock market,&r

“Count your blessings”

As a kid, I remember listening to Arthur Godfrey, a 1950’s TV Star, crooning the song Count Your Blessing. Godfrey’s craggy voice forcefully belted out the refrain, “when I’m worried and I can’t sleep, I count my blessing ins

Ala. county faces biggest U.S. municipal bankruptcy

BIRMINGHAM, Ala.–Alabama’s largest county appears headed for the biggest municipal bankruptcy in U.S. history, a $3.2 billion mess created by the nation’s credit crunch and a colossal, corruption-riddled sewer project.

Local Black businesses make Black Enterprise 100 list

Black Enterprise magazine’s 100 List contained 10 Black-owned Chicago businesses this year. R.J. Dale Advertising & Public Relations Inc., E. Morris Communications Inc., Ariel Investments LLC, Capri Capital Partners LLC., Holland Capital Management