Medicine on Call: How to deal with Chronic Pain in a Natural Way – Dr. Elaina George

Dr. Elaina George tells you how to deal with Chronic Pain in a natural and healthy way.   You need to listen to this interview.

 Click here to listen!

True or False: Professional Black Women Can’t Find Husbands?

By Brian Alexander

msnbc.com contributor

updated 8:31 a.m. ET, Thurs., Aug 13, 2009

Brian Alexander

Michelle Obama may have become an archetypal African-American female success story — law career, strong marriage, happy children — but the reality is often very different for other highly educated black women.

They face a series of challenges in navigating education, career, marriage and child-bearing, dilemmas that often leave them single and childless even when they’d prefer marriage and family, according to a research study recently presented at the American Sociological Society’s annual meeting in San Francisco.

Yale researchers Natalie Nitsche and Hannah Brueckner argued that “marriage chances for highly educated black women have declined over time relative to white women.” Women of both races with postgraduate educations “face particularly hard choices between career and motherhood,” they said, “but especially in the absence of a reliable partner.”

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Dr. Debby Stroman Asks if Higher Ed Should be a right or a Privilege

by Dr. Deborah Stroman

University of North Carolina at Chapel Hill

Get Real! That’s my kind response to the critics of the National Collegiate Athletic Association’s (NCAA) recent academic reform policy that eliminates the minimum SAT and ACT scores for admission. This well-thought out and crafted course of action finally gives colleges the academic freedom and independence to do what they do best – make decisions as to which students they want on their particular campus. Not the NCAA, the athletic leagues, or any other sport-related governing body has the right to tell an academic institution who is most deserving of the opportunity to sit in their classrooms and learn. Although our country promotes a spirit of education for all, the reality is that higher education is for the privileged. And those with the financial resources receive more access and resources. With a wink and a nod though, the student-athlete can oftentimes bypass this necessity if one possesses the talent to throw a tight spiral or shoot a silky-smooth jumper.

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Black Money: Lessons to be Learned from Michael Jackson’s Debt

by Dr. Boyce Watkins

• Janet Jackson honors Michael at BET Awards

Doctor talks to police about Jackson's final moments

Let's remember what Michael did for us

Michael Jackson is not dead. No, he's not on a deserted island chilling with Tupac and Elvis (who some believe faked their deaths), but he is certainly alive in corporate and social spirit, impacting millions of people.

Michael will make 1000 times more money in death than most people make when they are alive. But similar to when he was alive, massive amounts of cash will have to be generated in order to counter the enormous debt that Michael created while he was doing his thing.

Reports have stated Michael Jackson's debt to be as high as half a billion dollars, enough to make some major corporations blush. What's worse is that this debt was not created via a series of sound financial investments: it was conceived by building personal amusement parks, buying rare monkey statues, and rocking his way from one expensive store to the other.

Michael's spending became his addiction. Financial needs could have been what led to him agreeing to do 50 concerts in London this year (a tour he was preparing for just before his death), when he may have not been able to handle one. It was starting to get sad watching Michael perform, similar to watching Muhammad Ali after he'd spent 10 years dealing with Don King. While the 50-year old Michael Jackson may have given a great performance, it would probably be something less than what we've come to expect.

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Be careful: HIV is on the rise

By MIKE STOBBE
AP Medical Writer

ATLANTA (AP) - A new Internet data map offers a first-of-its-kind, county-level look at HIV cases in the U.S. and finds the infection rates tend to be highest in the South.

The highest numbers of HIV cases are in population centers like New York and California. However, many of the areas with the highest rates of HIV _ that is, the highest proportion of people with the AIDS-causing virus _ are in the South, according to the data map, which has information for more than 90 percent of the nation's counties and Washington, D.C.

HIV infection rates are higher in African-American communities, and high minority populations in the South help explain the finding. While that's not surprising, the high rates seen throughout states like Georgia and South Carolina were, said Gary Puckrein, president of the National Minority Quality Forum, the nonprofit research organization that put the map together.

Of 48 counties with the highest prevalence rates for HIV that had not yet progressed to AIDS, 25 were in Georgia, according to the map. Those were counties in which more than 0.7 percent of the population was infected with HIV.

 

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Are you ready for America’s Retirement Crisis?

by Dr. Boyce Watkins, Finance Professor at Syracuse University

www.TheGrio.com

I hate to be the bearer of bad news. But then again, it must not bother me very much, since I am going to give you a big pile of bad news right now. Given that I earned a Masters Degree in the "morbid science" of statistics, I figured I would start the day by fulfilling my occupational expectation.

The first piece of bad news is that you are going to die. One day, your heart will stop beating and the 2.5 billion breaths you'll take during your lifetime will come to an end. Hopefully, it won't be painful, but I can't guarantee that. The truth is, however, that death might not be the worst part of it all.

The toughest news is that before you die, you are likely going to experience a long, slow period of physical and psychological decline called "old age". In conjunction with this decline, you are going to see your financial resources dwindle as quickly as the muscles in your body. Not only will the scale of your resources decline, but your expenses will likely mount as you go to one doctor's visit after another, all with the hope of delaying the inevitable. That period of life is called "retirement", and most Americans are not financially prepared for it.

Now that you are sufficiently depressed (there's no point in lying to you, I'm not very good at that), I will give you some facts to chew on. I also hope that in light of these realities, you will engage in something that the rest of America is not doing: preparing for retirement. While retirement planning has always been important in the past, it has never been more important than it is for you right now. The Perfect Economic Storm is coming, one in which all the scary clouds merge together into one big ball of fiscal devastation that can only be created by God himself. When your financial meteorologist (me) gives you that information, it's your decision to get your family prepared. Let's break down the components of the storm, shall we?

 

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Your Black News: Detroit Becoming a Hot Bed for Real Estate Purchases

NEW YORK (CNNMoney.com) -- As Detroit home prices in Detroit crash, sales are heating up. But with all of the plant closings and layoffs, who's buying? Investors -- some of whom are snapping up five and 10 houses at a time.

"I have investors from all over the country and the world," said Jeremy Burgess, co-founder of Urban Detroit Wholesalers, which buys undervalued homes to rehab and rent or to sell to other investors. "One Lithuanian woman just bought a second house."

"Most of the local investors are out of money," added Mike Shannon, who specializes in Detroit foreclosures and has clients from New Zealand, Australia, England and other places.

Recently a Californian purchased 178 properties, mostly one at a time, and most for under $10,000. Another has purchased six Detroit properties since September and hopes to begin buying five a month.

Click to read more on the African American Money Blog.

 

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A Med Student Describes His Challenges

In the beautiful words of wisdom writer James Allen, “There is an appointed season when inspiration meets opportunity and one will move toward his destiny to fulfill his divine purpose.” For me, there is no greater pleasure than the ability to use my intellect and abilities to alleviate human pain and suffering. The personal gratification I receive from working with and caring for others is a major motivation behind my desire to become a physician. Furthermore, becoming a physician will allow me to participate in one of the most intimate dialogues between people. In this role, I will be able to empower individuals to take better care of themselves as well as those around them.

“Relentless” is how I would describe my mindset over the past nine years with respect to my journey to medical school. As a college junior, I took the Medical College Admissions Test (MCAT) for the first time, confident that I performed well enough to be competitive. I was excited at the prospects of starting medical school the following year. I applied to medical school for the first time my senior year in college and was unsuccessful. Despair set in as I realized that my dream would not come to pass as I had planned. I consulted with an advisor who provided insights into what it would take to become a competitive applicant. I then enrolled in a MCAT review course and participated in a Summer Medical and Dental Education Program.

To read more, click here.

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Keys to Success: Avoiding the Wizard of Oz Syndrome

by: Lawrence M. Watkins

Last weekend, I had the wonderful opportunity to go home to Louisville and attend the Kentucky Derby. Growing up, I was not allowed to participate in many of the Derby festivities. My father was a Major with the Louisville Metro Police Department and was often over security for the city’s Derby festivities. Because of this task, he was subjected to a lot of foolishness through the years during Derby in order to serve and protect the city’s patrons. Therefore, he insulated me from most of the damaging behavior that comes with having an extra 200,000 people in the Louisville metro area of only 700,000 residents. This year was only my second “true” Derby experience and it was completely different from the Derby with which my father was familiar. I was excited to get the weekend rolling!

As I boarded my plane from Ithaca, NY all I could think about was how much fun I was going to have at all of the VIP events and all of the interesting people I was going to meet. Thanks to an awesome friend, my girlfriend, Kandice, and I were given some box seats to the Derby and tickets to all of the VIP galas. I was afforded the opportunity to spend hours with some of the top entertainers, athletes, and business moguls in the nation. I quickly became disappointed, however, as I transitioned from dreaming about talking to ‘Deity XYZ’ to actually speaking to him in person.

After exchanging small talk for a few minutes, I asked each person one simple question, “What are you passionate about?” My goal was to attain deeper insight on what made them successful. After proposing the question, each individual looked at me for a moment with a perplexed expression. After a much anticipated silence, most of individuals said, “Wow . . . No one has ever asked me that before.” As people answered this question for me throughout the evening, I slowly became saddened and disappointed by their responses. I was shocked by the amount of times I heard “making money”, “ballin’”, and “I have no idea” as simple responses to the question asked of them. I then asked myself a vital question . . . Is there really anything more to life than fast cars, chartered jets, and high class sporting events?

 

Click to read more on the Black Authors Blog

Black Money and Financial Lovemaking: Nas, Kelis, Divorce and Money

Dr. Boyce and S. Tia Brown give the financial angle to the divorce between the rapper Nas and his wife Kelis.  There’s more to this divorce than meets the eye.

Click the image to listen!

 

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How should Men respond when their wives earn more?

If a man makes less money than his spouse, is that a problem?  What if Beyonce had outearned her husband Jay-z?

Click the image to watch!

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S. Tia Brown: Relationships, Relationships, Relationships

This week I look at issues of respect from both co-workers and your nearest and dearest.
I am 28-years-old and work in an office full of 45-56 year-old women. My issue is how to talk to them when they say things I do not like without being disrespectful. - Young & Angry In The Office

Dear Young & Angry In The Office,
I’m a firm believer of showing deference to elders, however the office isn’t the place to act out societal roles— you’re there to do your job. I firmly believe that the only way to get respect is to demand it. Some people have that certain thing about them that ensures people, whether they’re older or younger, never test them. Other people have to go get it. So how do you command respect? First, you always make sure that you’re on top of your game, for the work environment that means being efficient, punctual and dependable. Second, you have to speak up for yourself and address every infraction in a stern, tactful, professional way. That may mean giving a soliloquy about respect (such as, “we’re all on equal footing here, I give respect and I expect it,”) or taking people aside an individual when they say something that you deem is inappropriate. Only you can determine which approach will work best. Overall you want to make sure that you leave personal roles at home, these ladies are not your aunties, and they’re your co-workers –who likely take issue with working with someone 20 years their junior – so treat them as such.

My fiancé and I are planning a big, lavish, wedding and we have restricted our families to only inviting a certain number of people, so as not to exceed my parent’s budget. My fiancé’s family is insisting on inviting many more people than they are allotted and it has caused the price of the reception to soar. Do you think that I should demand that his family pay for some of the reception, or at least the head count of the additional people that they are inviting, or does that break some etiquette rules? – Breaking the Bank for the Big Day

Dear Breaking the Bank for the Big Day,

Etiquette was out of the door once your future in-laws stepped on your toes and didn’t respect your parents’ budget. Since they —like many others—love to plan with other people’s money I would like to tell you to just make them pay for their extra guests, but that could potentially cause long-term strife with your hubby-to-be. Consequently, you need to speak with him first and make sure you’re on the same page about the finances and the numbers. If both families were given an equal amount of guests then it is up to him to make sure that he stands firm by your side when you speak with his family. During the conversation make sure to reiterate that the day is you and your fiancé’s, but you understand why it is to the family, but your parents – who are paying – have given you a budget and it is disrespectful to expect them to pay any excess. Let them know the precise number of people that they are allowed to invite and that any extra guests must be pre-paid for by specific date if they are to be seated. You can also opt to include your parents in on the meeting. I doubt that your future in-laws will speak recklessly or be callous about spending your parents’ money in their faces. With that said…standing firm is only possible if you are financially independent of your in laws. You don’t want to play hardball with someone who’s helping to pay your rent/mortgage or watching your kids for free. So make sure that you’re in a position where you can’t be penalized for standing up for yourself – and your parents – or you may end up paying a bigger price later.

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Your Black Money: Tax Mistakes You Want to Avoid

Gentlemen (and ladies), start your engines. Tax Day is less than a week away.

But as you race toward the finish line, be mindful of common tax-filing errors. Some mistakes could cost you money. Others could raise red flags at the IRS. Tax software will do math and point out tax breaks you might overlook, but these programs are only as good as the information you enter.

Here are some common last-minute blunders, and how to avoid them:

Automatically not itemizing.

A 2002 study by the Government Accountability Office found that more than 2 million taxpayers who claimed the standard deduction could have lowered their tax bills by itemizing.

Deductible expenses include interest on your mortgage, property taxes, charitable contributions and unreimbursed medical expenses that exceed 7.5% of your adjustable gross income.

Ordinarily, that threshold puts the medical-expense deduction out of reach for most taxpayers who have employer-provided health care.

But the economic downturn has led employers to shift more of the cost of health care to their workers in the form of higher deductibles, co-payments and co-insurance. That means more taxpayers could rack up enough unreimbursed expenses to claim the deduction, says Mary Canning, dean of the schools of taxation and accounting at Golden Gate University in San Francisco.

Automatically itemizing.

 

Click to read.

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Black Money Advice: How Much Does It Cost to Raise a Baby Anyway?

By: Sarah Horner
April 8, 2009
An article from MSNBC.com entitled, "Budgeting for Baby: What does it really cost?" outlines exactly how much having and raising a child will cost you.
"If you've never been a budgeter, now's the time for a financial reckoning. Experts recommend that parents-to-be and new parents dedicate themselves to whittling down their credit-card debt (ideally — and here's some tough love — to zero), while at the same time, building an emergencies-only savings account of six to nine months' worth of expenses. Do whatever it takes to meet this goal: Spend on a cash-only basis and write down every expense — or use a free online spending tracker like Quicken.Intuit.com or Wesabe.com — so you have a visceral idea of where your money goes. And be prepared to sacrifice. "If you want to prioritize the expense of a child, well, you may not need as many minutes on your cell phone and you may not need as many meals in a restaurant," says Chatzky. "And by the way, you're not going to be going to restaurants much once you have a child, anyway!""
To read the entire article, Click here

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How Ponzi Schemes Work: Dr Boyce and Farai Chideyah Talk on NPR

Dr. Boyce Watkins explains to Farai Chideyah how Madoff got away with stealing $50 Billion dollars in the largest Ponzi Scheme in American history. Click the image to listen!

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The Urgency of NOW

by Genma Holmes, YourBlackWorld.com

Last month, $2.7 million in federal stimulus money was awarded to the Nashville Career Advancement Center. Partnering with Meharry Medical College and the Oasis Center, 600 jobs created for teens needed to be filled through the grant. A sign up sheet was passed around at the Oasis Center board meeting asking for volunteers. This sounded like such a unique event that I could not help but put my name down.

I imagined all the possibilities and the huge difference this venture would make in the lives of so many teens. An idle mind is the playground for the devil; I can hear my grandfather muttering. Daddy kept folks busy by wearing us out down with work. This was his quick fix for the long hot days of summer and it kept us out of trouble.

With Daddy's words in my head, I volunteered not knowing what to expect. Information about the job fair was sent to schools and the media, but we had no way of knowing how many teens would attend. We are going to be ready for the unexpected I was told by our fierce leader, Hal Cato. I sensed from his tone, he had the weight of the world on his shoulders. The forecast was uncertain for the weekend and a first time job fair for teens had no room for the unknown.
Upon my arrival at Youth Opportunity Center @ 8:15am, I found the command center tent packed with teens. They came early and I sent up a prayer for the volunteers to get here soon. The job fair was scheduled from 10:00-3:00. By 9:00am, young people were everywhere. They were hungry for jobs. I looked outside and my heart skipped a beat and swelled with joy. As far as the eyes could see, folks were in line to snap up the ultimate teen prize, a summer job. It looked like an American Idol audition with kids from ages 14-19 wrapped around the building. How many jobs do we have, I questioned myself and everyone around me? After taking a second and third look outside, I wondered if we were "Jack" and the fast growing lines were going to become gigantic beanstalks.
Some of the vendors that participated at the unprecedented event were: Publix's, the Frist Center, BCN, Goodwill, Youth United, Metro Health Department, Hands on Nashville. Applications from Foot Locker, the Gap, Hobby Lobby, Aeropostle, Subway, Hibbet Sports, Sports Authority, Arby's, Shoe Carnival and a host of others were available for the teens to fill out and turn in. We even had a room filled with computers for writing resumes and several volunteers to assist. No details to finding a summer job were overlooked.

 

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Your Black Love: Giving Your Ex Another Chance

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This week I take on the challenging decision on whether to give an ex another chance and how to make friends when you’re the new kid on the block.

Should you give an ex a second chance? Or third chance or etc…? – One More Chance in NYC

Dear One More Chance,
Only you can decide whether an ex is worthy of another shot at love, but there are a few things you should ask yourself. First, are you revisiting this relationship because you genuinely believe this is the love of your life or due to loneliness? The single scenes can be fun, but really taxing and dating an ex is a quick fix because of the instant gratification-but as time passes you’ll start to remember why things tanked. Secondly, has this person improved on the issues that caused the split? If they’re still lazy, unfaithful or just plain ugly— in their ways— why will it work this time around? Lastly, what’s different about you? Hopefully you’ve worked on any issues that you had that contributed to the demise of the relationship. After pondering these questions you’ll be able to conclude whether rekindling this romance or keeping the flames doused is best.

How do you make ‘girlfriends’ in a new city? Male friends are easy to make or come-by. As I have moved a couple of times since college, I have found it challenging to create sincere girlfriend relationships. I have met women that I like and have clicked with, but what do you say…can I get your number? – In Search of Sisterhood

Dear In Search of Sisterhood,
Instead of focusing on making new friendships try putting more energy into strengthening the ones you have. Whether it’s bi-weekly calls or weekly emails, communicating with someone who “gets you” will help take the sting off of being galpal-less in a new place. Sadly, as people get older they can become more cliquish and settled in their routines, so many tend to be less welcoming - but that doesn’t mean you’ll be downing Cosmos solo forever. Try joining organizations, classes or activities that pique your interest. Your new membership will be personally fulfilling and allow you to meet other ladies who share similar hobbies. If you meet someone you hit it off with don’t be afraid to make the first move – get those digits! Set up a time to meet her for coffee, dinner or exercise class to get to know each other better. If the person brushes you aside more than twice let it go, she’s just not that into you. Move on to the next galpal of your dreams. True friendship isn’t something that can be forced; it’s either there or isn’t.

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TIA Brown Advice: Handling Catty Comments from Live-in Relatives

Got issues? Well I have answers. My advice philosophy is simple:

Getting to our best self is easy if you take it one choice at a time.

This week I tackle a double-dose of trouble (and more). What is the best way to handle a situation when your own relatives are critical about the way you run your home and they also want to live with you rent-free?

I’m a happily married attorney with a loving husband and two adorable toddler-aged sons. My girlfriend complains about the state of my house – she thinks it’s too messy - but I am really content. I don’t see what she sees. What should I do? – Sloppy But Satisfied

Dear Sloppy But Satisfied:
Friends always have opinions but at the end of the day it is your life to live. Your biggest concerns shouldn’t be your friend’s perspective but whether you can function and whether your husband and young children are content and able to thrive in your home’s current state. If the answers to all of theses questions are yes, then tell your friend thanks, but no thanks, for his/her commentary. But if the answer is no, you should really take a look at how you can keep a more organized and aesthetically pleasing home. Since your schedule is definitely a hectic one you can start by making a cleaning schedule for larger duties, such as cleaning the bathroom or doing the laundry. Another great way to keep things tidy is to set aside 15 minutes at the end of the night after the kids are put to bed to make sure everything is put away. Ultimately, only you can determine what system works best for you.

Several of my family members live with me rent-free and contribute very little to the household finances. However, they are always making comments about the way I parent and run my house. I am very stressed and often feel upset when I’m home. What should I do? – Crowded and Confused

Dear Crowded and Confused:
Seems like you have two issues on your hand. First, the fact that you brought up that your long-term houseguests contribute minimally to your bottom line seems like a sore spot for you. You should look at your budget and determine what type of financial help you deem to be fair and adequate then set up a time to discuss the new contribution amount. Secondly, your houseguests’ financial contributions and catty commentary are not interwoven. Even if they pay all of your bills you shouldn’t be subjected to verbal abuse. Do a bit of introspection to determine whether there critiques have any underlying merit, for example you may yell a lot because you’re frustrated. Make a commitment to yourself to evaluate how you’d like to improve as a parent and take real strides – such as counseling – to be the best person you can be. Lastly, talk to your guests about their negative energy and let them know that you find their curt comments to be hurtful and if they have any serious grievances to let you know in a constructive manner, i.e.…having a private conversation or giving you a brief note about things that they find alarming. At the end of the day you are responsible for your happiness. You have the right to decide who lives in your home and how they must conduct themselves. Set the rules.

—-
S. Tia Brown has spent the last 10 years following her passion: journalism. As an editor, writer and TV correspondent – you may recognize her face from CNN, E! or MSNBC - Brown’s done everything from interviewing Alicia Keys to commenting on the daily dalliances of Angelina Jolie and Brad Pitt. Most recently Brown served as Senior Editor for In Touch Weekly magazine and also worked at Teen People. In addition to working as a journalist, Brown’s currently pursuing her certification as a professional life coach.

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Why Do Athletes Go Broke?

From Sports Illustrated

What the hell happened here? Seven floors above the iced-over Dallas North Tollway, Raghib (Rocket) Ismail is revisiting the question. It's December, and Ismail is sitting in the boardroom of Chapwood Investments, a wealth management firm, his white Notre Dame snow hat pulled down to his furrowed brow.

In 1991 Ismail, a junior wide receiver for the Fighting Irish, was the presumptive No. 1 pick in the NFL draft. Instead he signed with the CFL's Toronto Argonauts for a guaranteed $18.2 million over four years, then the richest contract in football history. But today, at a private session on financial planning attended by eight other current or onetime pro athletes, Ismail, 39, indulges in a luxury he didn't enjoy as a young VIP: hindsight.

"I once had a meeting with J.P. Morgan," he tells the group, "and it was literally like listening to Charlie Brown's teacher." The men surrounding Ismail at the conference table include Angels outfielder Torii Hunter, Cowboys wideout Isaiah Stanback and six former pros: NFL cornerback Ray Mickens and fullback Jerald Sowell (both of whom retired in 2006), major league outfielder Ben Grieve and NBA guard Erick Strickland ('05), and linebackers Winfred Tubbs ('00) and Eugene Lockhart ('92). Ismail ('02) cackles ruefully. "I was so busy focusing on football that the first year was suddenly over," he says. "I'd started with this $4 million base salary, but then I looked at my bank statement, and I just went, What the...?"

 

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Delores Jones: Is Your Own Butt in Your Face?

 

by Delores Jones

How many of us just hates when someone stands in front of us blocking our view, especially when we are sitting down in a seat like at a concert?  Now, you really can’t see or enjoy your favorite music artist that you paid, let’s say $90, to watch perform your favorite hit.      Tell the truth.  How many of you would touch the person blocking your view and ask them to move out of your way?  Others might just sit there and complain while missing out on what is happening because for whatever reason, he or she decides to do nothing.

     Earlier today I had a meeting with a client.  We met to help her identify what she believed she wanted and needed to do to better herself and her situation.  I simply asked one question, “what do you want to do?”  She said, “anything, I just need a job.”   Her response was desperate and too vague.  After a little coaching and conversation she said, “I really want to go to school.”

     With this in mind,  I told her that at the college level she could apply for a ‘work-study position” where the school she would  attend pays her a small stipend and allows flexible working hours for her to successfully complete her classes.  She looked surprised and slightly relieved until SHE starting talking about all of the past bad things that she had experienced while in school.  Fifteen years ago, she was told by a teacher that she had a learning disability and needed more time to read and process her work.  It wasn’t that she couldn’t do it.  It would only take her a little longer to finish.

 

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What We Can Learn from Chris Brown and Rihanna

 

By Dr. Boyce Watkins

www.BoyceWatkins.com

Forgive me for diving into the crazy world of pop culture, but the fact that Chris Brown and Rihanna are a couple again is something on which I had to comment. I am not speaking on the issue because I love Chris Brown or Rihanna’s music (they are ok). I am commenting because young people need to have a serious conversation about relationships and domestic violence.

Here’s the deal: I don’t know exactly what Chris Brown did and did not do. From the picture I saw and police reports, it appears that he may have done some serious damage to Rihanna’s face. Again, I am not convicting Chris Brown and I am not pretending to know if he is a bad human being. In fact, Chris Brown could very easily be a good man who did a very bad thing. But if he did do this damage to Rihanna, then he should pay a price for his actions.

But it appears that Chris won’t be paying a price, since Rihanna does not seem to be interested in pressing charges. Rihanna’s actions are nothing new: Every day, across America, women are beaten to a pulp by their boyfriends (roughly 13,000 incidents per day are reported to police), and then choose to excuse their inexcusable behavior. The prosecutor prepares a solid case that will send the guy packing for years, and the case falls through because the woman chooses not to press charges. So, as extraordinary as Rihanna might be as a performer, her behavior is actually quite ordinary.

Chris Brown, if he was the cause of the facial damage shown on pictures released to the media, needs serious counseling. He needs to learn that growing up watching your father beat your mother (as Chris admitted on the Tyra Banks show) may establish a destructive social norm, thus making you believe that violence is appropriate in male/female relationships. He also needs to learn about the serious consequences for brothers who choose to beat up on their partners. Even if Rihanna is crazy, provocative or evil, you have no business laying your hands on a woman. Not only is violence wrong, but it will land you in a criminal justice system that destroys the lives of young black men every day. I understand young people making mistakes (I’ve made far too many to count), but you must learn from those mistakes, and we are not doing young people any favors by pretending that this didn’t happen.

Rihanna needs her own counselor. She needs one that will give her and other young women the self-esteem to realize that there are few genuine excuses for a man to put his hands on you. She needs to have someone who truly understands where all this is going, to make her realize that no matter how cute he is, how popular, how rich, or how charming, a man like this can eventually kill you. You don’t know domestic violence until you’ve seen DEATH. It starts innocently enough, and eventually escalates to the point that someone is in the morgue. Any self-respecting adult should, in my humble opinion, refuse to sit idly to the side and allow your teenager to ponder reasons that Chris Brown should have hit Rihanna. No, he should not have done this, and I encourage Chris to make sure he sends the same message.

Old people can be obnoxious. We pee on the parades of young love by writing articles like the one I am writing right now. I hate doing this, but I have my reasons. My friend, a professor in Florida, died at the hands of her husband, who then killed himself and left her two young children without parents. This happens every day, and most of these cases start out like the situation between Chris Brown and Rihanna. In fact, your daughter, friend, sister, mother or cousin may have that lovable boyfriend who only shows peeks and hints of violent behavior, but just enough that your gut is telling you that something isn’t quite right. Listen to your instincts, for they’re trying to tell you something. Love should not end with anybody getting punched. Domestic violence is not a silent killer…..it usually warns you all along the way. Whether you choose to listen is up to you.

Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of “What if George Bush were a Black Man?” For more information, please visit www.BoyceWatkins.com.

Technorati Tags: chris brown,chris brown and rihanna,rihanna,black news,african american news,black social commentary

Domestic Violence Issues in Black America

By Hugh V. Collins and Syreeta L. McNeal, CPA, JD

I know everyone is talking about the alleged domestic assault and battery that occurred between Chris Brown and Rihanna during the weekend of February 7 – 8, 2009. Recently, MTV, US Weekly and People magazine did specials or cover stories regarding the incident. Gossip organizations like Mediatakeout.com and TMZ.com all had their spin on what transpired. Many people are expressing outrage and taking sides. Some people have stated that Rihanna must have done something and deserved to get beat by Chris Brown while others believe that Chris Brown had no right whatsoever to lay a hand on Rihanna regardless of the argument between them. Well, domestic abuse is more common and more people in the U.S. and in the world have witnessed some form of domestic abuse in their lives or among their families. According to the U.S. Department of Justice’s Bureau of Justice Statistics report in 2005, one in 320 households were affected by intimate partner violence. Also, they report that female victims are more likely to be victimized by intimates than male victims.

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Technorati Tags: chris brown and rihanna,black families,black relationships,black love,african american love

Could The Economic Downturn Be A Benefit to the Economy?

By Dr. Boyce Watkins
http://www.boycewatkins.com/
I hate being the doctor who has to tell the patient he has cancer, but the truth usually sets you free (or so my mother told me): We are in the midst of an economic bloodbath. It’s tough to argue that an economy which shrinks by an annualized rate of 5% is still healthy. It’s hard to tell someone that 7.2% unemployment, with the most job losses since 1945, is a good thing. A 4,000 point drop in the Dow is nothing to sneeze at, even if you have plenty of tissue. Times are tough, we know that.

But if we focus hard enough, we might be able to find a few bright sides to all this. With hopes that no one chooses to kill the messenger, I am going to give it a shot.

1) It could always be much worse.
The United States has, according to some, the strongest economy in the world. Our economy could shrink like Rush Limbaugh’s body on drugs and still be disgustingly rich compared to the rest of the world. Don’t believe me? Consider the “fast-growing” Chinese economy, the one that everyone thinks is going to outpace the United States in the next few years. Our annual tax revenues are nearly 4 times greater than China’s ($2.5 Trillion vs. $670 Billion) and they have over 4 times more people than we do (300 million vs. 1.3 Billion). In other words, our per capita tax receipts are over 16 times greater than China’s. So, we’re far better off than most of the world, even when we’re broke.

2) If there were ever an argument for getting out of Iraq, this might be it.
It’s hard to declare war on random countries if you don’t have the money to do it. War is big business and attacking other countries is a huge financial investment. If you don’t think war is about money, then you may want to take a couple of Political Science and History classes. Perhaps these troubles at home will keep us from creating trouble abroad, since Americans have lost patience with irresponsible, arrogant war-mongering. The Obama stimulus plan is asking for over $800 Billion dollars to boost our economy. We’ve already spent nearly $600 Billion in Iraq. Rather than declaring War on Terror, President Obama has declared War on the Recession, which seems to be a far better investment.

3) If you want to buy cheap stocks or real estate, this is the time to do it.
When the market rises, everyone wants to buy stocks. People forget that you shouldn’t buy stocks when prices are high, you buy when the prices are low. Companies with plenty of cash are grabbing investment and real estate bargains that were hardly available a year ago. You should be doing the same if you can afford to do it. Investors who purchases stocks after major market declines tend to do much better than those who buy during booms. You hear me Warren Buffet?

4) Struggle makes us FOCUSED.
Although I tend to be a hardcore capitalist, a part of me misses the activism of the 1960s, when people cared about more than making a dollar. OK, I wasn’t around in the 1960s, but I’ve watched enough old movies. Going through tough times not only teaches one to pursue a higher purpose in life, it also leads individuals to more carefully scrutinize the state of affairs in our government. In fact, I dare to argue that the financial crisis was just what Barack Obama needed to secure his election over John McCain. Economic prosperity allows us the luxury of choosing our politicians based on silly issues, like gay marriage (as we did in 2004). When we are worried about putting food on the table, we look beyond the silliness and choose the most qualified and most intelligent person for the job (after ensuring that he knows Africa really is a continent). Finally, tough economic times make you more responsible in your own money management, as the threat of financial insecurity keeps us all on high alert.

Those are my points, so again, please don’t kill the messenger. I certainly do not celebrate a weak economy, but I am a firm believer that focusing too much on the door that shuts keeps us from appreciating the ones that just opened. There’s always light at the end of the tunnel, a pot of gold at the end of every rainbow, and….well, you get the point. It’s the toughness of tough times that make the good times good. Keep hanging in there, it’ll be ok.
Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of “Financial Lovemaking 101: Merging Assets with Your Partner in ways that Feel Good.” For more information, please visit http://www.boycewatkins.com/.

Labor Reports Suggest Economic “Bloodbath”

The country tumbled deeper into recession and probably logged its worst economic performance in a quarter-century during the final three months of last year as battered consumers and businesses throttled back spending.

The U.S. economy is deteriorating at an alarming clip as the housing, credit and financial crises — the worst since the 1930s — feed on each other in a vicious cycle that has proven difficult for Washington policymakers to break.

The Commerce Department is set to release a report Friday expected to show the economy shrank at a pace of 5.4 percent in the October-December period, a much faster descent than the 0.5 percent decline logged in the prior quarter. If economists’ forecasts are correct, it would mark the weakest quarterly showing since an annualized drop of 6.4 percent in the first quarter of 1982, when the country was suffering through a severe recession.

“It was a bloodbath,” said Richard

Click to read.

Money Guru Dr. Watkins Speaks Personal Finance Management on AOL BlackVoices

Smart Money Tips With
Dr. Boyce Watkins

Posted Jan 27th 2009 6:34PM by Alexis Stodghill
Filed under: Money Talks

By Alexis Garrett Stodghill, BlackVoices.com

Dr. Boyce Watkins is a renowned scholar and speaker in the area of finance. As an African-American financial expert, Dr. Watkins has made it his personal mission to educate our community through writing books and essays, making media appearances, public speaking and more -- so that we may become more empowered with knowledge when it comes to the all-mighty dollar. BlackVoices.com asked the doctor to share his wisdom and advice for folks seeking tips to successfully navigate the current economic storm. According to Dr. Watkins, it's still possible to get your finances in order -- in fact, it's imperative.

As a black finance expert, what is the most common problem you see in the black community when it comes to personal finance management?

The most common problem is that historically, African Americans have been excluded from the opportunity to build wealth. Money was made from our labor, but we never got much of it. That led to a laborer mentality in African-Americans that taught us how to go out and get jobs rather than learning the art of CREATING jobs. This problem was further exacerbated by the fact that building a company requires capital, which we typically don't have. Most African-Americans have far lower inheritance levels than whites, and this impacts your economic opportunities in life. Also, when you've never had much money, you are usually not very good at managing it, so we are as bad as the rest of America when it comes to our spending, saving, investing and borrowing habits.

How would you suggest that someone with little knowledge of personal finance get started on the road to financial stability?

First, get educated. Empower yourself with financial literacy. The greatest university in the world is called Google.com. You can research any topic you want. Secondly, start small. You don't have to conquer the world in two steps. Just start by saving 10% of your income. You might say you don't have money to save, but you actually do. If your boss came into your office and gave you a 10% paycut, you'd find a way to survive. Find a way to learn to save. Finally, get a "side hustle." Challenge yourself to find small ways to supplement your income. The riskiest thing to do in this economy is to get all of your personal income from one source.

You have two college degrees, a master's degree and a PhD. What would you say is the relationship between level of education and income?

Education not only gives you many opportunities to earn more money, you usually earn more money with less work, doing a job that you might actually like. Personally, education was the difference for me between being financially well off and living a life of poverty. Education also provides job security, which is often overlooked. Autoworkers, for example, were always able to make high wages with little education. But once the Big Three started to buckle, they were stuck with unskilled labor opportunities. Everyone should get as much education as they can get, since education can be a path to both a wealthy bank account and a wealthy life.

Would you share some tips for sound money management in 2009?

Yes.

-First, keep investing, especially in the stock market. When the market is low, that's the best time to find cheap stocks. Then hold on to your investments in a well-diversified portfolio (meaning, keep your money spread out). Before you know it, the downturn will have put money in your pocket.

- Learn to adjust your financial habits. Part of the reason we are in this mess is because Americans were borrowing too much money and working hard to live paycheck to paycheck. Get out of that habit, because the government is not going to be able to save us for much longer.

- Cut the toxins out of your life. If you have any bad habits or bad people draining you of your resources (a relative, a friend, or even yourself), renegotiate that relationship from one that is financially destructive to one that can be productive. For example, you may have to cut the financial umbilical chord from a dependent child, or tell that brother that he can't borrow money from you anymore. Cut the toxic energy out of your life so you can rethink your way of seeing money.

You have written extensively on love and money issues. What is your advice for best blending marriage and finances?

In 'Financial Lovemaking,' I tell couples to "find a rhythm." Merging your money is the same as merging your body (ie. sex): No one can tell you how to do it, since we all enjoy different things. You find out what your partner needs, share your own needs and then find a way to make the process comfortable and fulfilling for both parties. If your partner is a saver, then you need to respect that. Given that there is usually a deeply psychological reason that your partner is a saver, you are in serious trouble if you have habits that create financial instability in your relationship. Also, MAKE SURE you know what you're getting into: Many couples focus solely on love, lust, and physical appearance and spend almost no time observing the financial disposition and habits of their partners before making this major commitment. That is a recipe for disaster.
Before you commit your life, your future, your children and your money to someone, remember that LOVING together means LIVING together. If someone is financially irresponsible or brings a set of (what I call) "financial venereal diseases" into your life, it is going to be hard to live with them. You should check the debt levels, income levels and credit score of anyone to whom you choose to commit. Make sure they don't have any financially destructive habits, like alcoholism, drug abuse, gambling, or even the shopaholic's disease. Make sure that your financial values are in line with your partner's: For example, don't marry a woman who needs a $40,000 engagement ring if you think that a $500 ring should do the trick.

If you don't ask the hard questions, you can be locked into something with someone who literally destroys your life later down the road.

What is your opinion of the current recession? What is the best way to weather it?

The current recession may very well be the tip of the iceberg. There are serious long-term problems with our economy, and the break down of our financial system is merely a symptom of bigger issues. Additionally, this recession has a deeper problem. It is occurring during a time in which our global financial markets are integrated unlike at any other time in world history. That means that we are dealing with a problem of historic proportions on a landscape on which we've never operated.

The best way to cope with the recession is, in part, through what the government is already doing: Utilizing massive fiscal stimulus plans and encouraging global cooperation. Two other things they could have done are a) to have not wasted 700 billion dollars persuading Americans that Wall Street Bankers need to be protected, and b) to have spent more time helping Americans adjust their expectations.

President Obama seems to be trying to manage expectations, but he has already set the bar very high with his long list of campaign promises. The economic problem for Obama is that it will be extremely difficult to boost our economy back to where it was before, particularly since much of our financial gains over the past 7 years were illusions created through easy access to credit and a poorly regulated financial system. It's similar to an athlete on steroids trying to get off the drugs and then regain old form. It's very difficult to do.

On an individual level, I encourage families to remember that the government may not be there to take care of you in retirement. If you are not saving for retirement, it is critical that you do so. You should also find ways to structure care for the elderly in your family so that they are going to be OK. Also, tighten your own belts and get out of the habit of living from paycheck to paycheck. This is not a secure economy, and seemingly financially stable companies are disappearing overnight. The riskiest thing you can do in this economy is to get all of your income from one source. Find a way to make money from multiple avenues.

What has inspired you to come this far with so much self-determination, as a black man who was born to a single teen mom, then becoming a teen parent yourself?

I wake up every single day with a purpose. Dr. King and Malcolm X died young, so I never knew how much time I will have. But I am absolutely determined not to waste a single day and do all I can to help reshape what it means to be a black scholar and black leader in America. When I get emails from young people telling me that I've inspired them to change their thinking, then I know I've done my work. I know that I am not going to be on this earth forever, but I love the idea that I can impact people in such a way that the spiritual influence can last for generations.

I realized that most black professors are scared into being quiet on social issues, due to heavy political ramifications for speaking up. I also realized that many of us would rather sit in the ivory tower than to take our knowledge to the world. I never wanted to do that, and I've always felt that the role of the Black scholar in America is to use his/her knowledge to enlighten the world and uplift his/her people. That is my mission, and it is something I will continue to do until the day I die.

I also learned that it is not enough to be intelligent. You must be courageous and also sure of who you are. If you seek your validation from your historical oppressors, you will always end up chasing your own tail. Additionally, there are a long list of problems that need to be solved within our community, and it's up to all of us to do whatever we can to try and solve them.

Are there any words of encouragement or wisdom that you would like to share with the BlackVoices.com audience?

I realized a few things long ago that carry me to this day:

1) Success doesn't happen by accident. You must be deliberate with your actions and think carefully about where you invest your life, your love, your energy and your time. Everything must be proactive.

2) Extraordinary outcomes only come through extraordinary efforts. In life, you get what you give. So, if you want more, you must sacrifice more. You must be willing to do things no one else is willing to do, if you want to have things that no one else has. Never waste one second choosing to be ordinary.

3) Education is everything. Get as much of it as you can. Don't just become a student, BE AN EXTRAORDINARY STUDENT. Never let anyone tell you what to think. Keep your mind liberated so you can find truth and meaning in your endeavors.

4) The best way to get "pimped" is to spend your life trying to work for somebody else. Even if you are the highest paid slave on the plantation, you're still a slave, and you're still on the plantation. Get off the plantation and find a way to true wealth and prosperity. But don't get into the habit of worshipping money. Your goal is to live a wealthy life instead.

5) Keep BS out of your life so you can focus on achieving your goals. Most of us don't do half of what we plan to do because we spend all our time on silly, wasteful activities. There are 8,760 hours in a year and 168 hours in a week. You should budget your time the way you budget your money and not let anybody waste it.

6) Never allow yourself to be without goals. It's not where you are that matters, it's where you're going that determines where you end up. Always be aware of where you are going, and what you need to do in order to get there.

Keep a life full of purpose, and that will make every day worth living.

Learn How To Handle Pushy Bill Collectors

By: Dr. Boyce Watkins

www.BoyceWatkins.com

One of the groups that was not bailed out during the recent financial crisis has been the American consumer.  Congress took care of the firms on Wall Street, but they didn’t take care of the millions of Americans forced to confront the realities of bankruptcy, foreclosure and uncomfortable confrontations with menacing bill collectors.  It appears, sadly, that every man and woman must find their own way through this financial tragedy. 

Bill Collectors really want their money, like the rest of us. Some of them seem to feel that it’s O.K. to resort to flat out thuggish intimidation to get their money back. That might work on The Sopranos, but it shouldn't work in real life.

Part of the reason abusive bill collectors can have their way with the public is because many citizens do not know their rights. Bill collectors prey on the uninformed in a terrible way:  They may threaten to have you arrested, harass your relatives, call all hours of the night, and engage in other types of atrocious behavior to get their money out of your hide.  

One woman successfully sued a rogue bill collector after he called her repeatedly with threatening language. The woman, a senior citizen, was told by the man to "Stop with the sob stories and pay your god d*m bill!"  This kind of behavior is not acceptable, and bill collector harassment doesn’t have to keep you up at night.

The Federal Trade Commission states that complaints against bill collectors are rising, reaching the highest level they've seen in the past 3 years. Most of the complaints focus on vulgar language, trying to collect more than the amount of the true debt, and extra fees, such as court costs.

You have rights that can protect you from bad and malicious bill collectors. You want to keep these in mind as you work yourself out of debt:

1) There is something called "The Fair Debt Collection Practices Act". If you are not familiar with this document, get familiar with it. You can read it by clicking here.

2) A bill collector cannot contact you at work if your employer does not approve of the contact. Let the bill collector know that this is the case and they must legally stop contacting you at your job.

3) Bill collectors cannot call you before 8 am or after 9 pm. The only exception is if you give them permission to do so.

4) A bill collector can only contact your friends and family if they are trying to find a way to get in touch with you. However, some of them may do this in order to harass or embarrass you. If that is the case, you may want to tell your friends to tell the bill collector, "She does not live here and I do not know how to get in touch with her. Please don't call here anymore." Then, get the bill collector's information from your friend and reach out to them when you can.

5) You can get bill collectors to stop contacting you altogether by sending them a letter telling them to stop. You still must pay the debt, but they won't be calling you during dinner.

 

6) The bill collector cannot curse at you or use foul language and they must tell the truth about how much you owe. They cannot threaten to sue unless they are serious about it, and they can't touch your 401k or IRA.

7) If the bill collectors call you, you can demand that they send you a written notice of the amount you owe and who you owe the money to. If you do not believe that the debt is yours, you can write a letter to them stating that this is not your debt. They must then send you proof that the debt is actually yours.

If you feel that a debt collector has violated any of these rules, you can contact the Federal Trade Commission at www.ftc.gov. Remember that you are not powerless in this situation.

 

Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of Financial Lovemaking 101: Merging Asset with Your Partner in Ways that Feel Good.  He does regular commentary in national media, including CNN, CBS, NBC and BET.  For more information, please visit www.BoyceWatkins.com. This information does not constitute legal advice.  For legal advice, please consult your attorney. 

How To Get Over Credit Card Addiction

By: Dr. Boyce Watkins

 

www.BoyceWatkins.com

 

1)    Pay less interest by putting your high interest accounts on a low interest one.

2)    Give yourself a cash allowance and reduce yourself down to just one card.  When the cash is spent, then you stop spending.

3)    Only use your credit card for emergencies and large purchases.  Rule of thumb:  If you can’t look at your credit card statements and have something to show for what you spent, then it was not a good thing to spend money on.  For example:  using credit cards for a washer/dryer could be ok, but using it for food, gas and other stuff is not.

4)    Keep it simple – cut em up.  You’ll soon get used to not having them.

5)    Never use the credit card to buy anything if you’ve got the cash for it in your pocket.  Remember that buying something on a credit card and paying for it over the course of a year means you are paying as much as 15% - 25% more for that item than you think you’re paying.  So, add 25% to the price and see how quickly that good deal becomes a bad one.

 

 

For more information, go to my site:  www.FinancialLipo.com

 

 

Dr. Boyce Watkins is a Finance Professor at Syracuse University and author of Financial Lovemaking 101: Merging Asset with Your Partner in Ways that Feel Good.  He does regular commentary in national media, including CNN, CBS, NBC and BET.  For more information, please visit www.BoyceWatkins.com. This information does not constitute legal advice.  For legal advice, please consult your attorney. 

Don’t Feed into “Obama-mania”

Brought to you by The Great Black Speakers Bureau, the #1 Black Speakers Bureau in the World.
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By Dr. Boyce Watkins

www.BoyceWatkins.com

During my recent trip to New York, I was stunned after watching US Airways passengers standing on the icy wings of an airplane floating on the Hudson River. It was only after looking at my cancelled ticket that I realized I was scheduled to fly out of the same city, in the same airport, with the same airline on the same day, at the same time as the people on that flight. They were going to Charlotte and I wasn’t, but that’s still too close for comfort.

In spite of invitations I have to speak and live in big cities, I stay isolated here in Syracuse so I can search for my personal perception of truth within the deepest components of my heart. I seek ideology that is disconnected from hype, politics, financial compensation or other tools used for the tainting of souls and manipulation of minds. I chose not to go to the inauguration and I’ve rarely watched television, all because I wanted to figure out how I feel about recent events without allowing CNN or anyone else to tell me how I should feel.

This morning I watched a Black man….a real brother, Barack Obama, stand and take the oath as President of the United States. When I endorsed Barack long before he appeared to ever have a chance of winning, it was honestly just wishful thinking. I supported the campaigns of Barack, Jesse and Al, mainly because I never believed Bill Clinton to be (as some called him) the First Black President. I also saw something in Barack’s eyes and mannerisms that made me trust him. My “brother radar” gave security clearance, and I knew that only a real Black man would marry an amazing woman like Michelle Obama (the woman I came closest to marrying is actually a beautiful attorney who reminds me of Michelle). I also saw something in Obama’s poise and intelligence that made me believe that he would be good for our nation. My only concern was that I was not sure if a nation willing to elect incompetent men like George Bush would have the vision necessary to choose the best man or woman for the job.

I don’t do media appearances on Fox News anymore mainly because I was disappointed by their attacks on Barack Obama and Jeremiah Wright. I was even more upset with Bill O’Reilly’s statements about having a “lynching party” against Michelle Obama, and the light-hearted death threats made by Fox News Analyst Liz Trotter, who stated that she would “take (Obama) out if she could”. I love Barack Obama, and I was inspired by his ability to make the impossible possible. Like all of us, I was happy to sacrifice to help get him into the White House.

But while I support Barack Obama, I never let myself get into Obama-mania.

While I felt the need to show up and vote, I never chose to “Barack the Vote”.

My position has always been simple: Falling in love with a politician can be a very dangerous thing, and I simply wasn’t going to do it.

Like Barack Obama, Franklin Delano Roosevelt was another President who took over our country during a tough economic time. When Black leaders met with Roosevelt to discuss their justifiable indignation over Civil Rights abuses throughout the nation, Roosevelt simply told them, “I agree with you and I want to do it. Now go out and make me do it.”

The interpretation of Roosevelt’s words is that after the celebrations are over and we’ve come back to reality, we must be sure to do what is necessary to effectively utilize this opportunity. Barack Obama is a good man, I know this from speaking to my contacts on the South Side of Chicago. But we must work hard to ensure that Barack THE MAN aligns squarely and firmly with Barack THE POLITICIAN. We must always be aware of the difference between BARACK OBAMA and the OBAMA ADMINISTRATION.

BARACK OBAMA believes that public schools should get all the funding they need and that education is critically important.

The OBAMA ADMINISTRATION knows that children don’t vote or pay taxes.

BARACK OBAMA knows that 30 – 40% Black male unemployment is an economic tragedy.

The OBAMA ADMINISTRATION knows that being too closely aligned with issues effecting Black men is neither politically productive nor popular in a country that still doesn’t like Black people all that much, especially if they are poor.

BARACK OBAMA knows that, in spite of having a Black President, institutionalized racism in wealth and income levels, health care disparities and other areas will take at least another 100 years to eradicate. He is also intelligent enough to know that reparations are long overdue.

The OBAMA ADMINISTRATION knows that talking about racism using the same language as the United Nations (who states clearly that America continues to maintain a two-tiered society) is something that many Americans simply do not want to hear.

So, as we live in the bliss of “Obama-mania”, please consider this:

The dictionary defines “mania” as “A severe medical condition characterized by elevated moods, energy, unusual thought patterns and sometimes psychosis. Some symptoms are fixation, madness, compulsion, craving, craze, delirium, dementia, derangement, disorder, fad, fancy, fascination, fetish, insanity, lunacy and obsession.”

Like bottles of strong liquor, mania feels good. However, it should only be temporary. You also need designated drivers to keep the political house party under control and get everyone back home safely. Those who remain “high” and detached from reality are easy targets for emotionally void and disturbingly rational political administrations. Any good politician with constituents living in the midst of mania logically understands that there is very little work to do. No one campaigns in the regions they already control.

So, as Roosevelt explained in the example above, we can best show our love for President Obama by being politically intelligent, diligently resourceful, well-organized and focused on the issues. Political engines like the Obama Administration only understand those with the power to churn those engines. The easiest trick in the world is to make us think that racism is over because we have a Black President. Let’s keep our eyes on the prize.



Dr. Boyce Watkins is a Finance Professor at Syracuse University. He does regular commentary in national media, including CNN, BET, ESPN and CBS. For more information, please visit www.BoyceWatkins.com.

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New Years Principles From Lawrence Watkins of Great Black Speakers Bureau

By: Lawrence Watkins
Great Black Speakers Bureau

The 2009 year is underway it it’s shaping up to be a great one. I’ve talked to many of my friends and I’ve heard THOUSANDS (Ok. I’m exaggerating) of New Year’s resolutions. Everything from losing 20 pounds, to being in bed by a certain time, to making straight A’s on their transcripts, to finding satisfying careers, to not eating meat, to etc… What is more surprising than this, is that a couple of people that I talked to have more than 10 resolutions. You may be wondering, “Lawrence, what are your New Year’s resolutions?” Is it to lose weight? (I have gained more than a couple of pounds since undergrad) Nope. Is it to make all A’s in school? Not this time.

My resolution is something much simpler, yet it is one of the most powerful forces known to human productivity. It is to implement Pareto’s Law and Parkinson’s Law into all facets of my life. Surely I need more goals than this to have a successful year, right? No, because of this ONE goal, I will have a MORE successful 2009 compared to any other year in my life!

Pareto’s Law states that a minority of causes, inputs, or efforts usually lead to a majority of the results, outputs, or rewards. Parkinson’s Law states that a task will swell up in perceived importance and complexity in relation to the time allotted for its completion. The Law’s are inverses of each other and when taken together, can drastically make you happier and more productive. This is a good time to give thanks to my friend Tim Ferris, author of “The 4-Hour Workweek.” I don’t actually know Tim, but I feel a Bromance going on between us since I’ve read his book 7 times. No other business book has influenced me as much as 4HWW and this is where I first learned of Pareto and Parkinson.

Pareto’s Law and my Life

Vilfredo Pareto was a controversial economist who lived from 1848 to 1943. He was an engineer by training and started his career managing coal mines. He later took a position at the University of Lausanne in Switzerland and explored the income distribution of 19th century England. He found that 80 percent of the wealth in England was controlled by 20% of the population. When Pareto started to explore this phenomenon more, he noticed that this pattern of imbalance was repeated consistently whenever he looked at data referring to different time periods and different countries.

The critical thing is not to look at the specific 80/20 relationship, but to focus on the main concept. There is an inherent level of imbalance between inputs and outputs. I experienced this phenomena many times throughout my time as head honcho of Great Black Speakers Bureau, a company dedicated to spreading African American thought to the masses. I remember the early days in January of 2007 when I was working to elevate the company off of the ground. I would put in 10-12 hour days/6 days per week personally building the website, making sales calls, emailing potential clients, getting contracts signed, mailing thank you cards, and pretty much anything else you could think of for a starting entrepreneur. Even though the company was growing at an extremely fast rate, I was always exhausted at the end of the day.

Then a life changing event happened in my life. The Lord blessed me with a scholarship to earn my MBA at Cornell University. After a couple of weeks of pure elation, reality started to sink in that I REALLY won’t be able to run my company and go to school at the same time. By this time, we had grown by about 900% since we started the company the year before. The problem is that much of this growth was directly related to my personal inputs. How on earth was Great Black Speakers going to grow, or even maintain, if I wasn’t there to run it? True, I wrote a good B.S. answer to this question in my business school applications, but now I HAD to come up with real solutions.

I now had to do some soul searching and heavy prioritizing. There was NO WAY that I would leave my baby GBS to dwindle and die. Over the course of two days, I turned off all communication with the world and I spent hours of laying out and analyzing every facet of GBS with a single question in mind that I learned from Mr. Ferris. What inputs in GBS generated the majority of the outputs? After the analysis, I wasn’t very happy with myself and I noticed major ineffectiveness in my process. I then made an vital decision to revive my company; I would go through a business liposuction process and cut off the fat that would cause GBS to die in the transition.

The first thing that I did was to start searching for a new director of GBS. I was looking for a highly organized person who was excellent at selling. I found both of these traits and more in my friend Diana, who I’ve known for many years since my childhood in Louisville, KY. In fact, Diana is an improvement over me in both of these areas. The next thing that I did was to look at the mundane, but essential tasks that consumed most of my time. Some of these tasks included makings cold calls, working on the website, writing thank you letters, filling out contracts. One by one, I started outsourcing these tasks to other companies that specialize in one or more of these areas. It was actually much less expensive than I thought it was going to be. In my next article, I will talk more about outsourcing your life.

The results have been outstanding in the 8 months since I started this process. I have increased my personal income by 250%, while decreasing my GBS workload from 55 – 70 hours per week down to 8 - 10 hours/week. Furthermore, most of the gains have happened AFTER I started business school. From this situation, I learned a couple of lessons:

1. You don’t have to work like crazy to generate sufficient income for yourself.

2. If you surround yourself with the right people and implement the right process, you can accomplish a lot with very little.

Parkinson’s Law

As stated earlier, Parkinson’s Law states that a task will swell in importance and complexity in relation to the time allotted for its completion. There are two major truisms that I’ve learned that accompany this law:

1. Doing something unimportant well does not make it important.

2. Requiring a lot of time does not make a task important.

The definition of true productivity is simple: Productivity is doing activities that get you closer to your goals. Unproductivity is doing activities that keep you stagnant or take you further away from your goals.

Many people suffer from a common form of laziness: it is called busyness, which is also a disease. This disease is so prevalent that it has brainwashed people to believe that business = busyness. A paradigm shift occurred in my life for me to know that this isn’t true. Working 9 – 5 is an archaic way of doing business. It’s funny how ALL jobs in America take the exact same amount of time to complete. It’s funny because it isn’t true.

Time Compression

Time compression is an important fundamental to manipulate Parkinson’s Law. The law isn’t inherently a good or bad thing, it is just what it is. Parkinson’s Law is similar to fire. Fire can be good when you are cooking, but it would be a terrible thing if your house burns up in flames. Time compression to complete tasks is harnessing the Parkinson’s Law power to help productivity. What I do is think about an aggressive timeline for a task and then I cut that time by a ½ or 1/3. THAT is my deadline. By doing this, I am forced to focus on the bare essentials ( 20% inputs) of a task and avoid the minutiae that often clutters projects. Time compression has been one of the hardest concepts to implement into my life and one in which I fail to implement often. But when I do, the results of my improvements are amazing.

Synergies

Taking these two concepts together gives you one simple rule: Focus on the essentials of a task and work like crazy to get those tasks done as quick as possible. However, just because this rule is simple doesn’t mean it’s easy. People often interchange the words difficult and complex. These two words are NOT synonyms of each other. I struggle every day to avoid the laziness of business, and I often fail. I fail less when I ask one simple question: Am I inventing things to do to avoid the important? If I am, I immediately take self corrective measures to put me back on track.

Conclusion

I would like return to my opening statement on why this is my ONLY New Year’s resolution. The reason is that it would be contradictory for me to have 13 New Year’s resolutions and try to implement Pareto and Parkinson at the same time in my life. If I set my resolution as implementing The Law’s, other goals will follow as all encompassing improvements. I’m not against setting many goals for oneself; the exact opposite is true as I have many different personal and business goals. However, the point of The Law’s is to simplify and streamline life as much as possible, which is what I want to do for 2009. As Bruce Le once wrote, “One does not accumulate but eliminate. It is not the daily increase, but the daily decrease. The height of cultivation always runs to simplicity.” So with that, Happy and Fulfilled New Year’s!!!!

Financial Advice From Dr. Boyce Watkins On The Scary Side of Our National Debt

Dr. Boyce Watkins
www.BoyceWatkins.com

Brought to you by The Great Black Speakers Bureau - The #1 Speakers Bureau in the world.

Hey Peeps,

I thought you guys might want to hear Barack Obama's latest pitch as he works to solve one of the greatest economic crises since The Great Depression. It is here if you'd like to take a look. I agree with the President that bold moves by our government are necessary. Where we differ is that I do not believe it to be reasonable to think that our economy, stock market, economic growth or employment numbers are going to reach prior levels any time soon. That's because much of our economy one year ago was an illusion....a mirage created by easy access to credit sparked by a poorly regulated financial system. We are effectively the great athlete trying to compete after his steroids have been taken away: The athlete might be good, but his natural talent will likely never match his performance when it has been enhanced by doping.

More importantly, it is critical that each of us seriously considers the long-term financial damage that has been done to our economy. Even worse than our financial system, our political system is one that promotes the kind of short-sighted behavior that will surely cause serious financial problems for our children and grand children. I apologize for sounding like an alarmist, but I must be blunt: Get your money together RIGHT NOW, or there may be hell to pay in the long-term. The data from my research show that this is simply the beginning of very serious long-term financial problems in our great nation.

Our money advice email list is here, feel free to join. If there is a way that my training in Finance can help you or your family overcome financial challenges, I'd be happy to share what I know.

Be well,
Dr Boyce
www.BoyceWatkins.com

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The Scary Side of Our National Debt
By Dr. Boyce Watkins
www.BoyceWatkins.com

As a finance professor, I become nervous when listening to the numbers being tossed around by our federal government. I hear “700 billion for this and 800 billion for that” mentioned as casually as a man tossing dollar bills at a strip club. Our government officials have been wasteful, incompetent and incredibly myopic in the way they’ve managed our money. Even conservative Republicans are spending like financially illiterate rap stars, and the Obama-mania train doesn’t seem interested in taking a different track.

Added to the $400 - $700 Billion that President Elect Obama wishes to spend on a stimulus package (not to mention bail-outs for automakers and other parts of the economy), the total amount of money our government has seriously considered allocating to solve the financial crisis has approached the $2 Trillion dollar mark. In case you’re wondering, that is A LOT of money, even for government officials who think that money grows on trees.

The truth is that, like the star quarterback who thinks his money will never run out, our country is going to wake up one morning, only to realize that we are no longer financially secure. We are going to be alarmed by the prospect that our government securities are no longer considered risk-free investments. Like the worried mother who notices she is one paycheck away from being homeless, we will see that we are one terrorist attack away from being stripped of our vast economic power.

To put the $2 Trillion dollar problem into context, consider this:

- Our government’s annual income (IRS receipts coming from money you and I pay in taxes) is about $2.5 Trillion dollars.
- Our national debt has reached the $10 Trillion dollar mark. That is like a man earning $250,000 per year, and sitting on a million dollars in debt, with full intention of obtaining more debt because he believes he is too rich to go broke.
- Roughly 42% of the Federal budget goes toward entitlements: Medicare, Medicaid and Social Security. Another 20% goes to making sure we can arbitrarily “liberate” other countries who happen to have plenty of oil (the military), and another 9 – 10% goes toward paying the interest on the national debt.
- Our population is aging – this implies that our productivity as a nation is going to drop over the next 30 years, and our real Gross National Product is likely to drop with it. In conjunction with our decline in productivity, our obligations for the "Big Government 3" (Medicare, Medicaid and Social Security) are going to grow. So, the guy I mentioned above with a million dollars in debt is also going to see his income decline, while watching his expenses go up.

Translation: our country is in serious financial trouble. Trickle down economics (as proposed by these bailout plans) almost never works. I am amazed that we live in a country in which the same irresponsible men who caused the crisis are the first to be rewarded with a government bailout. The next time someone attempts to argue that Black males or young single mothers lack personal responsibility, I am going to point to the bankers on Wall Street and our government officials as being far more damaging to our nation. The real welfare recipients live on Wall Street, Capitol Hill and in executive suites, as they beg and plead for government assistance that is being granted at will. All the while, I hear politicians (even the great Black man in the White House) tell Black males with nearly 50% unemployment that they just “need to be more responsible”.

What are the solutions to this problem? There really are no quick solutions, but this might be where President Elect Obama can start:

First, stop declaring expensive wars that don’t make any sense. The Iraq War costs our nation roughly $340 million dollars per day and a combined total of half a trillion dollars. That’s enough to send over 10 million kids to college or to pay a year’s worth of health insurance for 100 million people. You could also provide $100,000 dollars worth of mortgage relief to 5 million American families.

Second, stop electing incompetent people to the most challenging office in the land. Choosing President Bush to run our country means that we deserve whatever consequences come from allowing arrogant Ivy League privilege to override the importance of competence, intelligence and solid leadership. With all the bogus and racist claims that Black youth are crippled by anti-intellectualism, it’s funny that nearly 50% of our nation planned to elect a Vice President who doesn’t know that Africa is a continent.

Third, stop throwing our children’s futures into the garbage. Millions of powerful minds are being wasted each year by a horrible inner city educational system. The money spent on the war in Iraq could have saved the lives of these youth and turned them into productive Americans. Instead, many of them are only going to be prepared to milk the economy for more costly entitlements.

Fourth, stop incarcerating many of our most productive citizens. We pay roughly $23,000 per year to incarcerate criminals, plus an average of $24,000 per year/per inmate for community corrections officers and other supervisory officials. Spending that money to educate and rehabilitate these individuals would not only increase our nation’s productivity, it would further reduce reliance on government support given to those who’ve been marginalized or had their families destroyed by our barbaric system of incarceration. This doesn’t count the impact on health effects that would come by simply stopping the prevalence of prison rape and transmission of disease within many communities across America. All chickens eventually come home to roost, even when they’ve been given 25 to life. The incarceration of productive Americans is an inter-generational loss, since their ill-nurtured children then become society’s worst nightmares.

Finally, our elected officials must stop thinking that they have a blank check. Sorry Senators, but you don’t. Money is finite, and when you keep piling up debt like MC Hammer, you’ll find yourself broke after your next album. Around the world, massive wealth appears and disappears in a flash, and by continuing our irresponsibility, we are setting the stage for the twilight of our great nation. Our officials must be more responsible and the American people must demand limitations on the use of federal debt.

Every great empire has a sunset. Many successful individuals and entities are brought down by a crippling vice, addiction or series of poor choices. America's love of debt, arrogance in leadership and unwillingness to plan for the future may be the poisons it has picked to undermine our global prominence. Protect yourself and your family, for there are bumpy times ahead.

Dr. Boyce Watkins is a Finance Professor at Syracuse University. He does regular commentary in national media, including CNN, ESPN, BET and CBS Sports. For more information, please visit www.BoyceWatkins.com.