bba news sep '09

Reports to the Nation•Health Care Reform•Economic Recovery

August 2009

In This Issue…6 Health Care Reform 12 Economic Recovery Report16 Credit Card Rule Changes28 Africa Focus43 SBA ARC Loan Program

Black Business NewsSPECIAL COMMEMORATIVE LIMITED EDITION

Now On Sale!A commemorative limited-edition magazine, unlike any other special tribute

issued to recognize the election of Barack H. Obama as the 44th President of the

United States of America, has been published by the Black Business Association.

Hurry! Buy Your Copy Today - Quantities are limited!

To order your copy, call the BBA office at

(323) 291-9334 or email to: [email protected]

Pres. Obama Has His... You Get Yours!

President’s MessageEarl “Skip” Cooper, IIPresident/Chief Executive Offi cer

What’s Wrong With This Picture

3 August 2009 Black Business News www.bbala.org

Members of the Black Business Association (BBA) were privi-leged this month to meet with

David Hinson, the newly appointed National Director of the U.S. Depart-ment of Commerce, Minority Business Development Agency under President Obama’s administration. The BBA is frequently presented with tremendous opportunities to share small business resources, to help strengthen efforts toward inclusion of black-owned busi-nesses in government contracting. Be that as it may, in this particular meeting, one circumstance reminded me of ele-mentary school students whose teach-ers challenge them with brain-teasing assignments with captions that read, “What’s Wrong With This Picture?”

The point that brought back this school-days memory occurred when we discussed how the Department of Commerce coordinates numerous trade missions to other countries in pursuit of growing new business al-liances and commercial projects for American enterprises. The representa-tives mentioned that African Americans and other non-white business owners were under-represented in a consider-able number of these trips, and as a consequence, the Department wants to enhance the trade mission picture by making it a more “colorful” depiction, in accordance with contemporary Ameri-can commerce.

My stumbling block lies in the ques-tion of why it would take new eyes in the Department of Commerce to point out such an obvious omission. Standing government leaders should not need a reminder or push relative to the impor-tance of inclusion, especially since pro-

viding open and effective outreach to include the spectrum of our society at every viable point of interest should be routine socioeconomic development. It should be emphasized that while we do fi nd the work of the US Department of Commerce and these newly appointed representatives most admirable, it is my hope they make it a non-negotiable practice for top Department executives and managers to clearly account for in-clusion steps taken, if not achieved.

Ensuring that viable African Ameri-can enterprises are in the picture builds not only a more diverse workforce, but it creates the position of moving much more product than in the past. Major public and private organizations that have to have the BBA or any other ad-vocacy group, auditor, and adversary to push their pendulum of inclusion are not contributing to the best interests of America. U.S. corporations have be-come savvy and matured in matters of civic development and being proactive with socioeconomic responsibility is part of that maturity. Corporations will fi nd unexpected opportunities to raise revenues when they take time to seek strategic alliances with black business, to help expand business in geographi-cal areas either neglected or over-looked by previously used, conserva-tive business revenue models.

Inclusion processes require active participation from all stakeholders for effecting positive change and there is no room for apathy where diverse peo-ple must make their presence and work effort known. For example, Black En-terprise magazine’s 2009 top ten black-owned companies earned revenue in excess of $11 billion. However, what

this picture is not able to delineate is how much of the contracting capacity is missed with the hiring potential of Af-rican Americans living in commercially underutilized communities. Where cor-porate executives have shown measur-able improvement in civic responsibility activity, it remains to be told how well black fi rms been able to take an active role with helping to shape socioeco-nomic conditions in America.

A step in the right direction is to join the BBA today! Since 1970, the BBA has been relied upon to assist with shaping a more inclusive landscape through identifying black management and business talent. Renew or take out your initial BBA membership right now – we look forward to welcoming you to the table.

Black Business AssociationP.O. Box 43159, Los Angeles, CA 90043

323-291-9334 Fax: [email protected] www.bbala.orgPUBLISHER/EDITOR-IN-CHIEF

Earl “Skip” Cooper, IIPRODUCTION MANAGER

Narishima OseiCONTRIBUTING WRITERS

W. Gladney ▪ C. Collins PHOTOGRAPHY

Ian Foxx ▪ Sabir • N. OseiLAYOUT/TYPESETTING

Lion Communications

Copyright © 2009 by Black Business Association.All Rights Reserved.

BBA BOARD OF DIRECTORSTed Davis, Chairman

IsComp Systems, Inc.Nathan Freeman, Vice Chairman

Figueroa Media Group, Inc.Eugene Jones, Secretary NVA Financial Group, Inc.Kevin M. Caliup, Treasurer

AIA/E-World StrategyNarishimah Osei, Parliamentarian

Osei & AssociatesGwen Moore, Director GEM Communications

Candida Mobely-Wright, Director Voices, Inc.

Angela Walton, Director Melador Technologies, Inc.

Angela Reddock, Esq., Legal CounselSTAFF

Earl “Skip” Cooper, II, President/CEOKesha Vontreese, Administrative Consultants

Brett Byers, Special Projects ConsultantCOMMITTEE COORDINATOR

Starlett Quarles, urban X marketingCORPORATE PARTNERS

AEGAmerican Honda Motor Company

AT&TBank of America

The Boeing CompanyCalifornia Lottery

CitibankCoca-Cola Enterprises

Comerica Bank Department of Water & Power

Donald Sterling CorporationFannie Mae IBM

Kaiser Permanente LAEDCLos Angeles World Airports

Northrop Grumman CorporationRaytheon Company

S.C.R.P.C.Sempra Energy

Southern California EdisonSwinerton Builders

Toyota Motor Sales, Inc.Turner Construction Company

Union Bank of CaliforniaUSBank Verizon

Walt Disney CompanyWellPoint

Wells Fargo BankLyceum Management Services, Ex Offi cio

Hollis Smith, Ex Offi cioPaulette Williams, Ex Offi cio

AFFILIATESAfrican American Unity Caucus

Association of Black Women EntrepreneursBlack Women’s Network

California Black Chamber of CommerceCalifornia Council of Black Chambers

The Greenlining InstituteMinority Business Enterprise Legal Defense &

Education FundNational Black Business Council

The National Association of African American Chambers of Commerce

The National Black Chamber of CommercePan African Film & Arts Festival

Recycling Black Dollars

Over 35 years of serviceFounded 1970 In This Issue…

3 President’s MessageHeadline Here.

6 Health Care Reform •President Obama10 Health Care Reform •Rev. Jesse Jackson12 Economic Recovery Report 16 New Credit Card Rules23 Tax Planning for Home Businesses 27 Remembering John Holoman28 Africa Focus

•JCongressman Rush Leads Trade Mission•Grantmakers Network Lanuched•AGOA Conference in Kenya

43 SBA News ARC Loan Program

51 Calendar Executive Promotions

•David Hinson Pg 5 Columns

24 - TAke A Look!41 - Books to Consider...

Cover image - White House Photo


THURSDAY, SEPTEMBER 3, 2009


David Hinson New Minority Business Development Agency National Director

U.S. Commerce Secretary Gary Locke today announced the ap-pointment of David Hinson, a St.

Louis native with more than 20 years of business experience, as the new National Director of the Minority Busi-ness Development Agency (MBDA). This agency is the only federal agency created specifi cally to foster the estab-lishment and growth of minority-owned businesses in the United States.

“The success of minority-owned busi-nesses is essential to our economic recovery, and I’m counting on David to maximize their opportunities,” Locke said.

MBDA, through its network of 48 mi-nority business centers throughout the country, provides one-on-one work-shops and business consulting servic-es for minority businesses to help edu-cate them about federal opportunities, including those related to the American Recovery and Reinvestment Act.

“I’m honored to accept this position and am committed to carrying out Sec-retary Locke’s priority of working with minority entrepreneurs who wish to grow their businesses and increase their capacity,” Hinson said. “This work better positions these companies to create jobs, improve local economies and expand operations into national and global markets.”

In 2008, MBDA negotiated more than $2 billion in contracts and capital for minority businesses. Over the past 40 years, MBDA has served more than 625,000 minority businesses and as-sisted in securing more than $25 billion in loans and bonding.

Since MBDA’s creation in 1969, mi-nority businesses have grown from 300,000 to nearly 4 million. Recent Cen-sus data indicates minority fi rms gener-ate more than $661 billion in annual rev-enues and employ more than 4 million

workers.David A. Hinson Bio

Since 2002, David was President and CEO of Wealth Management Network, Inc., a multi-million dollar independent, fi nancial advisory boutique. Prior to launching Wealth Management Net-work, David managed a 10-state sales region as Director of Advisory Services for Envestnet Asset Management, a $70 billion fi nancial advisory fi rm. In his capacity, David advised high-end advisors in asset allocation, portfolio construction, technology, and product implementation. He also served as Managing Director of Business Devel-opment for the company. In addition, David has held a variety of senior-level and mid-management positions at Bank of America, Morgan Stanley & Company, First Chicago Bank (now JP Morgan Chase) and the Village Foun-dation.

David received an MBA in fi nance

from The University of Pennsylvania Wharton School, and a bachelor’s de-gree in insurance and fi nance with hon-ors from Howard University in Wash-ington, D.C. In addition, he completed a fellowship in international fi nance with honors from the Stockholm School of Economics and completed graduate-level studies in French with honors at the University of Abidjan, in the Ivory Coast West Africa.

David is a member of a number of civic organizations including a member of the Board of Directors, Treasurer and Chair of the Audit Committee of the Council of Urban Professionals (CUP) in New York. In addition, David has pro-vided on-air fi nancial commentary for CNN, Fox News Channel, CBS News and The BE Report in addition to writ-ing a fi nancial column for The Network Journal and writing personal wealth analyses for Black Enterprise Maga-zine and Essence Magazine.

David is a native of St. Louis, Mo., and currently resides in Philadelphia, Pa.

Metropolitan Water DistrictBegins Generating Solar Power

Metropolitan board Chairman Timothy F. Brick recently fl ipped a switch signifying activation of a 10-acre fi eld of solar panels at the district’s Robert A. Skinner Water Treatment Plant in the Temec-ula Valley of southwestern Riverside County. The 1-megawatt solar installation will generate about 2.4 million kilowatt-hours (kWh) of clean, renewable energy a year, nearly 25 percent of the power used by the plant and equal to the power used by about 250 homes annually. The produced energy will be used directly at the plant, helping to offset nearly 2 million pounds of carbon emissions a year.

The Metropolitan Water District of Southern California, 700 N. Alameda St., Los Angeles, CA 90012 www.mwdh2o.com

Health Care

ReformReport

The White House has launched www.WhiteHouse.gov/reali-tycheck to counter the rumors

and misinformation fl oating around the internet. You can fi nd the information in this article, and much more, on the website. For example, you may view a video of Nancy-Ann DeParle from our Health Reform Offi ce tackling a viral email head on.

8 ways reform provides security and stability to those

with or without coverage • Ends Discrimination for Pre-Existing

Conditions: Insurance companies will be prohibited from refusing you cover-age because of your medical history.

• Ends Exorbitant Out-of-Pocket Ex-penses, Deductibles or Co-Pays: In-surance companies will have to abide by yearly caps on how much they can charge for out-of-pocket expenses.

• Ends Cost-Sharing for Preventive Care: Insurance companies must fully cover, without charge, regular check-ups and tests that help you prevent illness, such as mammograms or eye and foot exams for diabetics.

• Ends Dropping of Coverage for Seriously Ill: Insurance companies will be prohibited from dropping or water-ing down insurance coverage for those who become seriously ill.

• Ends Gender Discrimination: Insur-ance companies will be prohibited from charging you more because of your gender.

• Ends Annual or Lifetime Caps on Coverage: Insurance companies will be prevented from placing annual or

lifetime caps on the coverage you re-ceive.

• Extends Coverage for Young Adults: Children would continue to be eligible for family coverage through the age of 26.

• Guarantees Insurance Renewal: In-surance companies will be required to renew any policy as long as the poli-cyholder pays their premium in full. In-surance companies won’t be allowed to refuse renewal because someone became sick. Learn more and get details at www.WhiteHouse.gov/health-insurance-consumer-protections.

8 common myths about health insurance reform

• Reform will stop “rationing” - not increase it: It’s a myth that reform will mean a “government takeover” of health care or lead to “rationing.” To the contrary, reform will forbid many forms of rationing that are currently being used by insurance companies.

• We can’t afford reform: It’s the status quo we can’t afford. It’s a myth that reform will bust the budget. To the contrary, the President has identifi ed ways to pay for the vast majority of the up-front costs by cutting waste, fraud, and abuse within existing government health programs; ending big subsidies to insurance companies; and increasing effi ciency with such steps as coordinat-ing care and streamlining paperwork. In the long term, reform can help bring down costs that will otherwise lead to a fi scal crisis.

• Reform would encourage “euthana-

sia”: It does not. It’s a malicious myth that reform would encourage or even require euthanasia for seniors. For seniors who want to consult with their family and physicians about end-of life decisions, reform will help to cover these voluntary, private consultations for those who want help with these per-sonal and diffi cult family decisions.

• Vets’ health care is safe and sound: It’s a myth that health insurance reform will affect veterans’ access to the care they get now. To the contrary, the Pres-ident’s budget signifi cantly expands coverage under the VA, extending care to 500,000 more veterans who were previously excluded. The VA Health-care system will continue to be avail-able for all eligible veterans.

• Reform will benefi t small business - not burden it: It’s a myth that health insurance reform will hurt small busi-nesses. To the contrary, reform will ease the burdens on small businesses, provide tax credits to help them pay for employee coverage and help level the playing fi eld with big fi rms who pay much less to cover their employees on average.

• Your Medicare is safe, and stronger with reform: It’s myth that Health Insur-ance Reform would be fi nanced by cut-ting Medicare benefi ts. To the contrary, reform will improve the long-term fi nan-cial health of Medicare, ensure better coordination, eliminate waste and un-necessary subsidies to insurance com-panies, and help to close the Medicare “doughnut” hole to make prescription drugs more affordable for seniors.

• You can keep your own insurance:


President Barack Obama answers questions during an AARP tele-town hall on health care in Washington, DC on July 28, 2009. Offi cial White House Photo by Pete Souza.

It’s myth that reform will force you out of your current insurance plan or force you to change doctors. To the contrary, reform will expand your choices, not eliminate them.

• No, government will not do anything with your bank account: It is an absurd myth that government will be in charge of your bank accounts. Health insur-ance reform will simplify administration, making it easier and more convenient for you to pay bills in a method that you choose. Just like paying a phone bill or a utility bill, you can pay by traditional check, or by a direct electronic pay-ment. And forms will be standardized

so they will be easier to understand. The choice is up to you – and the same rules of privacy will apply as they do for all other electronic payments that people make. Learn more and get details at www.WhiteHouse.gov/realitycheck or www.WhiteHouse.gov/realitycheck/faq

8 Reasons We Need Health Insurance Reform Now

• Coverage Denied to Millions: A re-cent national survey estimated that 12.6 million non-elderly adults – 36 percent of those who tried to purchase

health insurance directly from an insur-ance company in the individual insur-ance market – were in fact discriminat-ed against because of a pre-existing condition in the previous three years or dropped from coverage when they be-came seriously ill.Learn more: www.healthreform.gov/reports/denied_coverage/index.html • Less Care for More Costs: With

each passing year, Americans are pay-ing more for health care coverage. Employer-sponsored health insurance premiums have nearly doubled since 2000, a rate three times faster than wages. In 2008, the average premium for a family plan purchased through an employer was $12,680, nearly the an-nual earnings of a full-time minimum wage job. Americans pay more than ever for health insurance, but get less coverage.Learn more: www.healthreform.gov/reports/hiddencosts/index.html • Roadblocks to Care for Women:

Women’s reproductive health requires more regular contact with health care providers, including yearly pap smears, mammograms, and obstetric care. Women are also more likely to report fair or poor health than men (9.5% ver-sus 9.0%). While rates of chronic con-ditions such as diabetes and high blood pressure are similar to men, women are twice as likely to suffer from headaches and are more likely to experience joint, back or neck pain. These chronic condi-tions often require regular and frequent treatment and follow-up care.Learn more: http://www.healthreform.gov/reports/women/index.html • Hard Times in the Heartland:

Throughout rural America, there are nearly 50 million people who face chal-lenges in accessing health care. The past several decades have consistently shown higher rates of poverty, mortal-ity, uninsurance, and limited access to a primary health care provider in rural areas. With the recent economic down-turn, there is potential for an increase in many of the health disparities and access concerns that are already el-evated in rural communities.Learn more: www.healthreform.gov/reports/hardtimes

see Health Care Reform on page 8



TSA SecureFlight Information

Secure Flight is a program to provide uniform watch list matching by the Transportation Security Administration (TSA) to en-hance the security of domestic and international commercial air travel through the use of improved watch list matching.

Under the Secure Flight program, airlines will be required to collect Secure Flight Passenger Data (SFPD) including a passenger’s full name (as it appears on the pas-senger’s non-expired government issued ID), date of birth, gender, and TSA issued Redress Number (if available).

TSA is implementing Secure Flight in phases. Airlines working closely with the TSA will begin col-lecting SFPD from customers at the time of ticket purchase in the Fall of 2009.

For more information, visit www.tsa.gov/what_we_do/layers/se-curefl ight.

• Small Businesses Struggle to Pro-vide Health Coverage: Nearly one-third of the uninsured – 13 million people – are employees of fi rms with less than 100 workers. From 2000 to 2007, the proportion of non-elderly Americans covered by employer-based health in-surance fell from 66% to 61%. Much of this decline stems from small business. The percentage of small businesses of-fering coverage dropped from 68% to 59%, while large fi rms held stable at 99%. About a third of such workers in fi rms with fewer than 50 employees ob-tain insurance through a spouse. Learn more: www.healthreform.gov/reports/helpbottomline • The Tragedies are Personal: Half of

all personal bankruptcies are at least partly the result of medical expenses. The typical elderly couple may have to save nearly $300,000 to pay for health costs not covered by Medicare alone.Learn more: www.healthreform.gov/reports/inaction • Diminishing Access to Care: From

2000 to 2007, the proportion of non-el-derly Americans covered by employer-

Health Care Reformfrom Health Care Reform page 7

based health insurance fell from 66% to 61%. An estimated 87 million people - one in every three Americans under the age of 65 - were uninsured at some point in 2007 and 2008. More than 80% of the uninsured are in working fami-lies.Learn more: www.healthreform.gov/reports/inaction/diminishing/index.html • The Trends are Troubling: Without

reform, health care costs will continue to skyrocket unabated, putting unbear-able strain on families, businesses, and state and federal government bud-gets. Perhaps the most visible sign of the need for health care reform is the 46 million Americans currently without health insurance - projections suggest that this number will rise to about 72 million in 2040 in the absence of re-form. Learn more: www.WhiteHouse.gov/assets/documents/CEA_Health_Care_Report.pdf

Economic Recovery Websites

The websites shown here have been created to provide Califor-

nians with information on the Ameri-can Recovery & Reinvestment Act of 2009. The websites will provide the information on how the funding will be used in California. The State’s website is: www.recov-

ery.ca.gov

The Caltrans website is: www.dot.ca.gov/Recovery

Quote of Note...

“I suffer no illusions that this will be an easy process. It will be hard. But I also know that nearly a century after Teddy

Roosevelt fi rst called for reform, the cost of our

health care has weighed down our economy and the conscience of our

nation long enough. So let there be no doubt:

health care reform cannot wait, it must not wait, and it will not wait

another year.”

PresidentBarack H. Obama


AT&T Small Business InSite Redesigned to Offer New and Expanded ServicesAnnounces Contest for Small Businesses

To thank entrepreneurs and small business owners for their contin-ued support of and interaction

with our online resource center, AT&T is sponsoring an online contest for small businesses to win a technology overhaul for their business.

Contest prizes include Web host-ing services, AT&T Secure Mail, AT&T TechSupport 360, a pair of 3G mobile smartphones and a variety of other ad-vanced solutions that can be used to improve collaboration or drive small business productivity.

Video submission by small busi-nesses on why they think they need a technology makeover can be submitted to www.att.com/smallbizmakeover through Aug. 31, 2009.

In addition to the contest, AT&T an-nounces a redesigned online resource center. AT&T Small Business InSite (www.att.com/smallbusinessinsite), is

focused on the growth and success of small business customers by deliv-ering robust and interactive “how-to” advice that helps both the seasoned small business owner and the “just-getting-started”entrepreneur integrate advanced business technologies into their businesses.

The AT&T Small Business InSite portal provides small business own-ers practical “how to” articles, podcasts and video resources to help them use technology in their business. Additional site features include the ability to per-sonalize their experience by choosing key areas of interest.

Free online seminars will also be sponsored through the AT&T Small Business InSite which will feature the ability to submit questions to experts, discuss topics in real-time with other small business owners and receive one-on-one advice.

Along with the AT&T Small Business InSite online resource, small business-es can connect with AT&T Small Busi-ness through a variety of social media channels. Small Businesses can find regular updates and real-time informa-tion on the AT&T Small Business Face-book page (www.facebook.com/ATTS-mallBiz), follow our updates on Twitter (www.twitter.com/SmallBizInSite), visit our YouTube channel (www.youtube.com/ATTSmallBusiness) and view or download images from our Flickr page (www.flickr.com/ATT_SmallBusiness).

The AT&T Small Business InSite Web site complements AT&Ts industry-leading portfolio of communications products and services for small busi-nesses in key areas such as wireless voice and data, local and long distance voice, high-speed Internet, messaging, and advertising.

OmniShoreham

Hotelin

Washington, DCon

August 26to 28, 2009.

medweek.gov

Fear Failure,

not Health Care

ReformBY JESSE JACKSON, SR,

Founder,Rainbow/PUSH Coalition

The terrorizing has reached fe-ver pitch. “Obama’s health-care reforms will kill your grandmoth-

er,” they scream. Beware government “death panels,” warns Sarah Palin. There will be a “government takeover” of health care. Bureaucrats will over-rule doctors. Government will get its hands on Medicare. The lies and inani-ties keep on coming.

Right-wing demonstrators organize to take over town-hall meetings. Re-publican leaders, intent on “breaking” Obama by stopping reform, repeat and abet the lies and distortions. Conserva-tive Democrats cut backroom deals to benefi t insurance companies and drug companies. This debate on health care is enough to turn your stomach.

Stop and take a deep breath. In fact, Americans should fear failure, not reform. Our health system is bro-ken. Health care costs -- 31 percent of which are on administration, run up by insurance companies trying to insure only those who don’t get sick-- are ris-ing at twice the rate of infl ation. We already spend about 50 percent more per capita than other industrial nations -- but they insure everyone and get bet-ter health results, while we have some 47 million and rising without insurance.

Those with insurance aren’t much better off. Co-pays and deductibles are rising. Coverage is getting cut back. Businesses can’t afford rising costs. More and more is forced on taxpay-ers and consumers. No wonder 14,000 people lose health care every day.

And those with insurance fi nd it covers less and less. Half of all personal bank-ruptcies are caused by a serious illness

or injury. Two-thirds of those bankrupt have insurance -- it just doesn’t cover the costs of a serious illness.

And yet, the insurance and drug company lobbies can terrorize Ameri-cans into fearing reform. They would, in the cynical words of Republican House leader John Boehner, prefer the devil they know to the devil they don’t know -- a devil that Republicans and the lob-bies paint as particularly gruesome.

We would all be better off with a single-payer system -- a sort of Medi-care for all. The best-run in America is the health-care system administered by the Veteran Affairs Department, which is totally government-controlled. The most popular system is Medicare, which is privately provided but govern-ment-funded. The least popular and most ineffi cient are the privately run HMOs and the like whose insurance company bureaucrats tell doctors what treatments they can prescribe.

Obama’s reform plan began with a fundamental concession. No single-payer system. If you like your current insurance, you can keep it -- if you can afford the soaring price of it.

He sought to add basic regulation of the insurance companies (prohibiting them from refusing to insure you if you are sick or from cutting you off if you get sick, banning discrimination against women, forcing them to cover preven-tive care).

He sought to create a public option, linked to Medicare rates, that would “keep the insurance companies hon-est.” He wanted to cover everyone, with a mandate on businesses and individu-als to have insurance, and subsidies to

insure it was affordable.This isn’t as effi cient as single-payer.

But it would get 97 percent of Ameri-cans and virtually all kids covered, do a better job of catching diseases early and help eliminate the most outra-geous insurance company gambits to make money.

Then Obama’s principles hit the Con-gress. Washington is still dominated by corporate lobbies. The drug lobby and the insurance lobby are among the most powerful. They set about to gut the public option, weaken the regulation, insure that Medicare would be banned from negotiating lower prices on drugs, etc. They benefi ted from Republican obstruction of any change. That meant they had fewer legislators -- largely a handful of conservative Democrats -- to “convince.” And a public to terrorize.

see Fear Failure on page 41



Greatest Economic Crisis in a Generation

When President Obama took offi ce, the nation was facing the greatest eco-nomic crisis in a generation and the economy was on the precipice of a sec-ond depression or great recession. •The economy that was losing, on average, 700,000 jobs a month.•The growth rate had hit negative 6.3 percent – the worstsince the 1982 recession.•Foreclosures were at record levels and residentialinvestment had fallen by more than 40 percent in just eigh-teen months.•Banks were in crisis and freezing lending.•And nearly $10 trillion in wealth had been lost in the stockmarket which was on a steady downward spiral.

Creating Stability, Helping Those Harmed

In the fi rst six months, the Recovery Act – along with our other economic initiatives – has worked to stabilize economic conditions and help those

harmed by the economic crisis. We are not in recovery yet - but we have created the stability necessary to get us there. Our economic problems are years in the making and they won’t be solved overnight – but the Recovery Act has helped pull us back from the brink and avoid the peril that could have be-fallen us. In the fi rst full quarter of the Recovery Act:•GDP fell much more slowly – at a rate of 1 percent - than the last two quarters when it fell at a rate of 6 percent.•State and local spending increased 2.4 percent - an unexpected reversal that links directly to fi scal relief to the states - after falling for the last six months.•Household income grew at a yearly rate of almost 5 percent following declines in the previous nine months.•Business investment contracted much less than expected, as con-fi dence is slowly returning to the economy.We acted quickly, moving assis-

tance to hard-hit families, businesses

and state governments to help those harmed by the recession immediately after the Recovery Act was signed.

Now, because of the Recovery Act:•Ninety-fi ve percent of working fami-lies are already seeing the benefi ts of the Making Work Pay tax credit in their paychecks.•Those dealing with a job loss are collecting an extra $25 a week in unemployment benefi ts – assistance more than 12 million Americans have already benefi ted from.•Families relying on COBRA health insurance are paying 65 percent less for their health coverage.•Families qualifying for food as-sistance through the Supplemental Nutrition Assistance Program (SNAP) have seen their benefi ts increase by over 13 percent.•Over fi fty-one million seniors, as well as veterans and other high-need groups, have received $250 relief payments in the mail.•More than 7 million low and moder-ate-income students will receive a 15

Economic Recoverymic RecoveryReportReport

American Recovery and Reinvestment Act

see Economic Recovery Report on page 13


percent increase in their Pell Grant awards to help pay for college.•State governments have received over $34 billion in additional Medicaid funds at a time when they are facing record budget shortfalls.•And tens of thousands of teachers, law enforcement offi cials and fi re-fi ghters are staying on the job at our schools, policestations and fi rehouses because of the billions of dollars in RecoveryAct assistance we moved to state and local governments.

Creating and Saving JobsThe Recovery Act is working to stem

job losses and rebuild our economic base.

We are losing fewer jobs than we were before the Recovery Act was signed.

In January, the month before the Recovery Act was signed into law, the economy lost 741,000 jobs – the larg-est job loss in a single month in over half a century.

By June, the economy was losing one-third fewer jobs than it was at the start of the year.

Countless businesses – both small and large – have said they have avoid-ed layoffs thanks to the Recovery Act.

And the signifi cant technology and infrastructure investments we aremak-ing today are not just creating jobs now, but laying the groundworkfor our eco-nomic growth in the future.

Over 30,000 Recovery Act projects - ranging from community healthcenter expansions to military facility upgrades

to transportationconstruction jobs - have already been approved.

More than $24 billion has been made available to fund over 7,400 shovel-ready transportation construction proj-ects – over 4,000 of which are already underway.

Over $369 million has been put to work improving rural water systems. $2 billion has moved out to state govern-ments and community organizations to fund weatherization programs that improve the energy-effi ciency of low-income homes.

Nearly half a billion is funding long-overdue clean-ups of Superfund sites.

These projects not only create jobs directly through contractors receiving awards, but also create a ripple effect across the entire construction industry as demand for supplies and services increases.

Smart and Accountable Spending

We are not just working quickly to put Recovery dollars to work, but spending them wisely.

We have already approved over 30,000 Recovery Act projects - while still subjecting every dollar of Recovery Act spending to unprecedented stan-

Economic Recovery mic Recovery ReportReport

dards for effi ciency and accountability.Wasteful or unwise projects are

rooted out and rejected up front. Not a single Recovery Act project is funded as a result of an earmark or political considerations.

Recovery Act projects are coming in as much as 10, 20 – even 30 – per-cent under-budget, which means more money available to fund more projects that put more people back to work.

And Recovery.gov, the one-stop shop where the public can see how Recov-ery dollars are being put to work is up-dated weekly with the latest spending information.

In fact, our critics are able to crunch the latest numbers and investigate our work precisely because of the historic level of information available to the public on the site.

Right On-ScheduleWe’re right on-schedule– and in many

cases, we’re ahead of schedule –when it comes to putting Recovery Act funds to work creating jobs, aiding states and jump-starting shovel-ready projects.

In fact, economic and budget expert Stan Collender recently noted that “it would be hard to move more quickly.”

Our efforts are unfolding exactly as planned.

We originally said we would spend 70 percent of the funds by September 2010 – and we’re on-track to do exactly that.

So far, about 32 percent of the funds have been put to work in about 29 per-cent of the days of the Recovery Act.

Of the $499 billion in Recovery Act spending, over $200 billion has already been obligated to programs and proj-ects.

We have been putting Recovery dol-lars to work at a rate of over $1 billion a day.

Of the $288 billion in Recovery Act tax relief, over $53 billion has already been applied.

And when it comes to two critical pri-orities – moving aid to states and jump-starting shovel-ready projects that cre-ate jobs – we are actually ahead of schedule:•Highway Projects - The Recovery Act set an ambitious benchmark that

all states had to put at least 50 per-cent of their highway dollars to work in just 120 days. Every state not only met that goal, but exceeded it by at least 10 days.•Aid to States - At a time when states are facing record budget shortfalls, the Government Accountability Offi ce (GAO), Congress’s watchdog, noted that Recovery Act funds are moving to states “faster than anticipated.”

Just Getting Started We’ve made a lot of progress in the

fi rst six months – but we’re just getting started.

We had always hoped that we would be able to lay the groundwork in the fi rst 100 days to ramp up our efforts in the second – and now we’re doing ex-actly that.

In June, the President and Vice Pres-ident announced 10 major Recovery-Act projects that are starting across the country over the summer including:•Rehabilitation and improvement projects at 98 airports and over 1,500 highway locations. •Improvements to 90 veterans medi-cal centers in 38 states.•Construction of 200 new waste and water systems in rural communities.•2,300 construction and rehabilitation projects at 359 military facilities.Billions of dollars of grant programs

established in the fi rst phase of the Re-covery Act are now starting to award funds to businesses, local governments and community organizations.

EPA is awarding nearly $300 million in contracts to communities in 12 states throughout the country for everything from the cleanup of abandoned in-dustrial sites, to the securing of clean drinking water reservoirs.

Nearly a billion dollars in Community Development Block Grants are head-ing out the door to local government and community organizations over the summer.

$2.4 billion in grants to jumpstart the manufacture of electric vehicle batteries and other next generation energy-effi -cient cars were awarded this month.

At the end of the summer, we will start awarding over $15 billion in grant funds for three visionary Recovery Act programs – broadband, high speed rail and smart grid – that will not just create jobs now, but shape America’s econo-my in the 21st century.

And while we made steady progress putting funds to work in the fi rst half of this calendar year, we plan to put ap-proximately double that amount to work in the second half of the year.

No Turning BackBecause of our efforts, the economy

has stabilized and we are beginning to see some early signs of progress – but we are not out of the woods yet.

Unfortunately, the same critics who wanted to do nothing as we teetered on the edge of a depression or a great recession now want to undo the work we have done.

But the risk of reversing course now remains high and the greatest mistake we could make is to let up now. We’re still far too close to the economic preci-pice we faced just a short time ago.

Our economic challenges are the re-sult of years of deferred problems and it’s not going to be enough to just begin to rescue the economy –we need to re-build it better.

The road to recovery is long, but with every Recovery dollar we spend and project we start, we are one step closer to getting there.


Do Business with BBA MemberBusinesses & Advertisers

OUR ECONOMIC RECOVERY PLAN

OERP

Applications for $1.1 Billion in Recovery Funds SubmitedFederally Designated for Intercity and High-Speed Rail

Governor Arnold Schwarzeneg-ger today submitted 42 applica-tions for$1.1 billion in American

Recovery and Reinvestment Act (Re-covery Act) funding available through the federal High-Speed and Intercity Passenger Rail Program, under which states compete for $8 billion in funding designated for intercity and high speed rail. Federal applications for Track 1, 3 and 4 require focus on improvements to existing passenger rail services for job creation purposes. In adherence to these federal requirements, California’s Track 1, 3 and 4 applications focus on improvements to existing passenger rail lines, including the integration of high-speed rail with intercity passenger ser-vice. The federal government’s Track 2


application focuses on high-speed rail and is due on October 2, 2009.

“By approving a nearly $10 billion bond in November, voters spoke loud and clear that rail, including intercity, commuter and high-speed, must play a greater role in addressing the transpor-tation and environmental challenges we face in the 21st century,” said Gov-ernor Arnold Schwarzenegger. “On top of stimulating the California economy, federal investment in California’s rail systems will help lay a sustainable foundation for economic growth, help us meet our environmental goals and improve quality of life here in Califor-nia.”

California is home to the 2nd, 3rd and 6th busiest intercity passenger rail

corridors in the nation. With nearly 5.6 million annual passengers, California has more than 20 percent of all Amtrak riders and represents half of the total ridership on Amtrak’s state-supported intrastate and intercity services. Since 1990, the state has invested more than $1.3 billion in infrastructure and equip-ment and more than $900 million in op-erating support to intercity passenger rail.

In Recovery Act funding federal des-ignated for highways and local streets, California currently leads the nation with $1.9 billion in Recovery Act funding obligated to 526 projects. Of these, 135 projects worth $1.1 billion in Recovery funds have been awarded contracts to-begin work and it is expected that an additional 112 projects, including $722 million in federal stimulus funds, are expected to go to contract by the end of October.

For a complete list of the 42 applica-tions submitted please visit: http://www.dot.ca.gov/Recovery/documents/High-SpeedIntercityPassengerRailProgram.pdf.

Credit Card Rules are ChangingBy Connie Prater for CreditCards.com

The first phase of the new Credit Card Accountability, Respon-sibility and Disclosure (CARD)

Act went into effect on Thursday, Au-gust 20th. Credit card users are now armed with a new right to say no to -- that is, opt out of -- interest-rate in-creases and other changes in their credit card agreements.

Under the first phase of the new law, consumers must be given:

•At least 45 days’ warning of chang-es to their credit card accounts. Currently, only 15 days’ notice is required unless customers default on their accounts, in which case interest-rate increases can go into effect immediately.•At least 21 days to pay their month-ly credit card statements without threat of late fees.•The right to opt out of interest-rate and fee increases and the right to cancel their accounts while paying off the balances under the old, lower interest rates. Currently, issuers offer opt-out options at their discretion, and it is not a consumer right. Other aspects of the new credit card

law -- such as restrictions on interest-rate increases, bans on issuing and marketing credit cards to young adults, and regulations on gift cards -- take ef-fect in February 2010 and later. In ad-dition, starting July 1, 2010, a host of requirements for disclosing fees, rates and terms on monthly statements, credit card applications and mailers will become law as a result of new rules drafted and approved by the Federal Reserve Board and other banking reg-ulators.

Taken as a whole, the Credit CARD Act and upcoming federal rules mark a dramatic shift in how credit cards will be marketed, issued and billed. Card issu-ers will have to “dismantle their existing

models and then rebuild them -- just as a carmaker might have to completely redesign its models,” Nessa Feddis, a vice president and senior counsel for the American Bankers Association, said during a media briefing.

She acknowledged that credit card issuers have cut credit limits, closed accounts and increased interest rates in anticipation of the changes.

The reason for these and other card maneuvers seen in recent months: Making such changes won’t be so easy with the new restrictions. As a result, card issuers “have to basically front-load that risk, and risk equals cost,” Feddis said.

More details on the new opt-out rules

Other provisions that got into effect Thursday include:

•Credit card issuers must inform card users of the right to cancel when they mail a 45-day notice of a change in terms. The notice must explain the steps card-holders can take to exer-cise their right to cancel, including a toll-free num-ber to call and a deadline for opting out.•Opting out means a consumer can no longer make pur-chases with the card. Instead, the old, lower interest rate or fee will be applied while the consumer repays

the balance.•There are exceptions to the opt-out rule. Consumers cannot opt out of increases in minimum-payment amounts.•Another major exception is variable-rate credit cards, whose rates are tied to an index -- almost always the prime rate. When the Federal Re-serve raises interest rates, it raises the prime rate. Those increases are passed on to variable-rate cardhold-ers; no opt-out is allowed. In recent months, card issuers have reacted by switching consumers from fixed-rate cards to variable-rate cards.•Consumers who are more than 60 days late making payments do not have the right to reject rate increas-es. •Reductions in credit limits cannot be rejected by any cardholders. •Issuers cannot demand payment in full of outstanding balances or charge monthly maintenance fees on closed accounts if consumers reject changes in terms.

More costly credit Other potential impacts of the new

law: “Credit cards will be less available to consumers and to small business-es. Their limits will be lower, and they will pay more,” Feddis said. “This 45-day advance notice means you can’t change the rate on somebody even though they’ve become more risky,” she added, noting the exceptions in-cluded in the law, namely, when the account has a variable rate, if a promo-tional or teaser rate is used or when the cardholder completes a workout debt-repayment plan.

Many of the major credit card issuers contacted last week indicated they will meet the deadline; many already com-ply with the notice requirements.

“Wells Fargo already follows many of the practices required by the new legis-lation -- including the 45 days’ advance notice, 21 days to pay monthly bills and disclosure of the consumers’ right to opt out of certain changes in terms,” Lisa Westermann, the assistant vice presi-dent for public relations at Wells Fargo, wrote in an e-mailed response.


see Credit Card Act on page 18

Credit Card Act

18 A ugust 2009 Black Business News www.bbala.org

“We began informing affected card members on their July billing state-ments that we are extending the time period for paying bills,” according to AmEx spokeswoman Molly Faust. “They now have at least 25 days to pay their bill. In addition, we will inform card members at least 45 days in advance of a change in terms and will explain their right to opt out of that change as applicable.”

Citibank spokesman Sam Wang wrote in an e-mail, “Citi will comply fully with the new credit card law, and we are committed to having all of the new rules in place by the deadlines.”

Bank of America and Capital One

representatives also indicated they were on track to comply with the law.

A struggle for smaller banks, credit unions

Smaller community banks and credit unions that have limited resources to make the technical billing changes and disclosures required by the law were less confi dent about their ability to make the August 20 deadline.

“They are scrambling just like every-body is scrambling. It’s not a lot of time to prepare,” said Linda Echard, the president and CEO of ICBA Bancard, an affi liate of Independent Community Bankers of America, a trade group of small community banks. According to Echard, the 600 credit-card-issuing banks in her association are spending several million dollars reprinting and re-

vising credit card brochures and appli-cations to refl ect the new disclosures.

More on the new credit card law“They never engaged in these

‘change the terms every 45 seconds’ that everybody else has done. Yet they now have to change all their collateral materials. They will bear all the burden even though they’ve always operated as honest brokers,” she said.

Credit unions, too, have complained about the burden of the requirement to provide 21 days to pay monthly credit card bills. Because many credit unions send monthly statements that include all types of customer accounts -- not just credit cards -- credit unions are having diffi culty complying with the law. More than 300 comments fi led on the Fed’s Web site about the fi rst phase

from page 16

see Credit Card Act on page 37


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More than half of all U.S. busi-nesses (53%) are run from home. If you are one of these

home business owners, you may wait until tax time to think about fi ling your return and ways to save on your taxes.

However, by then it’s often too late to take steps that can dramatically and legally slash your tax bill. Tax planning year-round helps benefi t your home business come tax time. To that end, here are some things you can do now to obtain a better tax outcome when you fi le your return.

Keep Track of ExpensesThe tax law requires you to keep

good books and records for your busi-ness, which means recording your in-come and expenses in an accounting system. Just because you wear slip-pers and pajamas to your offi ce doesn’t mean you can be casual about this re-sponsibility.

Keeping complete and accurate re-cords will help you maximize your de-ductions for expenses such as travel and entertainment, which will help to minimize your tax bill. Recording your income and expenses is easy to do (no knowledge of accounting is required) with software or online solutions—some of which are free.

QuickBooks is the leading small busi-ness software; there’s a free online ver-sion called SimpleStart Free. Microsoft also offers accounting software called Offi ce Accounting Professional; there’s also a free online version, Offi ce Ac-counting Express.

In addition to recording your income and expenses, also retain receipts, in-voices, and other documentation of ex-penses you incur. Exception: You don’t need receipts for travel expenses (oth-er than hotel/motel bills) that are less than $75, so you don’t need a receipt from for the taxi fare.

Understand Home Offi ce Deduction Rules

The home offi ce deduction is a single write-off comprised of a portion of the expenses of your home that’s used for business. This write-off for the busi-ness portion of your rent if you have a lease (or real estate taxes, mortgage interest, and depreciation if you own your home), utilities, insurance, main-tenance and other costs can add up to an important deduction for a home-based business owner.

But you can only claim this deduc-tion if you use a portion of your home regularly and exclusively for business. Unless you set aside a work space, no deduction will be allowed even though you work from home. Tips:

•You don’t need a full room or even a physical partition for the work space—but delineate it in some way and furnish it for business (e.g., with a desk, computer, and fi le cabinet). •You don’t need an “offi ce” in the traditional sense. If you’re an artist, attic space used as a studio will do. •You can’t use space that is also used by you or your family for other purposes—no den as offi ce by day and family TV room by night. Special rules apply to daycare pro-

viders who, by the nature of their busi-ness, can’t meet the regular and ex-

clusive use test, to allow a home offi ce deduction for them.

Other requirements for claiming the home offi ce deduction can be found in IRS Publication 587, Business Use of Your Home.

Track Your Car MileageOnce you establish a home offi ce,

then all travel from your home and back again to any business destination—a customer or client’s location, the bank, or the offi ce supply store—becomes a deductible business excursion. You can then deduct a portion of your personal car expenses for business—either by tracking your actual expenses for the business travel or by relying an IRS-set mileage rate (55¢ per mile for driving in 2009). However, in order to write off car expenses under either method, you’ll need to keep a record (written or elec-tronic) of each trip:

The mileage for each trip; The date; The destination and purpose of the trip.

You can fi nd a sample business mile-age log in IRS Publication 463, Travel, Entertainment, Gifts, and Car Expens-es.

Source: http://www.startupnation.com/ar-ticles/9481/1/tax-planning-home-business.htm

Tax Planning for Home BusinessesBy Barbara Weltman

Technology:

Take a Look!by LaSandra Stratton

Check out what these fi rms and organi-zations have to offer for your personal interests, personal wealth building, and business expansion opportunities.

www.marketingprofs.comJoin the more than 15,000 market-ers who will attend Digital Marketing World Fall 2009 - September 16th. This virtual conference is absolutely free - there’s absolutely no cost to you. You can attend from the comfort of your home or offi ce. All you have to do is log-in with the email and pass-word you give at registration and let the learning begin. Visit the Marketing Profs website, select this conference from the list of Upcoming Conferenc-es, then register.

www.smilebox.comSmilebox is a photo service that lets

Submitted by LaSandra Stratton BBA member, Chair of the BBA International Trade Committee.


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This is not a commitment to lend. Financing subject to credit and any applicable collateral approval.Other restrictions may apply. Eligible borrowers must meet all criteria for the BusinessDiversity Lending program. Financing available to businesses located in California, Oregon orWashington.Terms and conditions subject to change.

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you quickly turn life’s moments into digital creations you can share with others or save for yourself. Choose from hundreds of ecard, scrapbook-ing, and slideshow designs for every occasion. Personalize and share your Smilebox creation for free, or select premium options for print, DVD burn-ing, expanded music choices, and no advertisements. Once you personal-ize any design, you can email it, post or blog it, burn it to DVD, or print any page.

www.creditcards.comCreditCards.com continuously moni-tors the credit card market in order to bring consumers the best credit cards, re-views and credit card o f f e r s available online. Credit Card offers are dis-played side by side so you can easily compare key factors such as interest rates, annual fees as well as other key features. Once you have found the card that is

best for you, you can fi ll out an online credit card application and in some cases even get a credit decision with-in 60 seconds.At CreditCards.com our goal is to

provide a resource where consumers can search, compare and apply for the best credit card offers online.

http://afrofoodtv.comLaunched in September 2006 the Af-roFoodtv.com is an on-line resource

for everything epicuriously African. Yeti Ezeanii serves as chef and host-ess on the Web site. She was inspired to create the site to share her love of African food to a population that had little, if any, exposure to the cuisine. AfroFoodTv may be viewed on the Dish Network Ch 751.

Tribute to a Giant - John Holoman


Many remember John Holo-man as an exemplary busi-nessman, a true visionary

and a man of wit and compassion.For Los Angeles’ African Ameri-

can business community, the loss of John Holoman, who passed away on July 24, 2009, leaves a void that many believe will never be fi lled.

“On behalf of the black business community, we were saddened to hear of the passing of John,” said Earl “Skip” Cooper, II, president of the Black Business Association. “John was not only a lifelong mem-ber of the Black Business Associa-tion, but a very personal friend of mine,” said Cooper, who had known John for 35 years and said he talk-ed to Holoman by telephone nearly every week.

“John was someone I could get an unbiased opinion on regarding issues affecting the black business community. He provided me with a great deal of insight about busi-ness. He was also a true entrepre-neur as well as a corporate execu-tive who was able to excel in both at the same time.”

Cooper said that Holoman easily mixed with corporate executives as well as the average man. “He could connect with people at all levels,” recalls Cooper. “John could have lunch at the Jonathan Club and then later that evening come down to the community and have dinner at Jerry’s Flying Foxx.”

Cooper also recalls that Holoman also was deeply connected with his family. “He was very close to his wife Lucille and his kids, Eric and Stephanie. He had a very strong support base in his wife Lucille,” Cooper recalls. “Lucille helped him run the Herald Dispatch newspaper as did his daughter Stephanie. Eric,

who was then in his early 20s, ran Church’s Fried Chicken.”

“He also had a deep love for his family and grand kids as well as his great-great grandson. He was ex-tremely proud of all his grandkids,” said Cooper.

Cooper said he was impressed that although Holoman was a long time Republican, he changed his party affi liation. “John became a Democrat in 2008 just so that he could vote for Barack Obama in the primary and in the general elec-tion.”

Words cannot express my deep and profound sorrow in his pass-ing,” said Cooper.

Liz Chow, owner of Fidelity Title, said she met John at the Consoli-dated Board of Realtist, the oldest African American real estate board in the United States. She said that Holoman was a real estate trail blazer who broke the color line. Chow said Holoman became an invaluable friend who generously helped her in business.

“When Home Savings made pre-sentations, they would include a ti-tle company and John always made sure we were part of that process,” she recalled. “If he sponsored a fi rst time buyer seminar, he would invite me or a representative from my company to speak.”

Chow remembers that Holoman was deep believer in mentoring, as well. “When John worked for Home Savings, he hired African Ameri-can mortgage representatives. He made sure that they were dressed properly and articulated well so that they could compete with any other ethnic groups out there. Most of the people he trained went on to own their own companies and create corporations,” recalls Chow.

Chow chuckles remembering the energetic entrepreneur.“ John was very bright, smart, and articulate. He was also very well read. But sometimes he came off as a little brash. If he thought you were a fool he would dismiss you,” she chuck-led.

Basil North, an attorney in pri-vate practice in Kansas City, Mis-souri who had known Holoman for over 50 years, said that he and John shared a special kind of af-fection for each other. “John had a way with people,” recalls North. “He was quick witted and a very shrewd businessman. He was able to see a lot farther than most people did. He always had vision about what course of action he should take in business. A good example of that is when he saw the Internet emerging as a primary source of news and information, he sold his newspa-pers at a profi t before the Internet boon.”

Zeke Patton, another friend who met Holoman at an Urban League dinner in the 80s, recalls, “John was a no nonsense businessman who was always on the lookout for opportunities for African Americans.He was a very honest and blunt person, I would say brutally honest, but he was always a guy you could depend on to give you the truth.John has left a big vacuum in the business community as it relates to contracts and business opportuni-ties.”

Stephanie Holoman, who worked side by side with Holoman at the Herald Dispatch newspapers for 26 years, recalls, “My father felt there was enough information out there regarding killings and shoot-ings in other newspapers, so he

see Holoman on page 41


International:

Congressman Bobby Rush Leads Delegation to AfricaallAfrica.com

U.S. Representative Bobby L. Rush (D-IL) led a congressional delegation to Africa on a four-

nation tour aimed at increasing trade, commerce and investment in Africa and strengthening U.S.- Africa business re-lationships with American exporters and minority- and women-owned en-terprises.

Rush, chairman of the Subcommittee on Commerce, Trade and Consumer Protection of Energy and Commerce and co-chairman of the Africa Part-nership for Economic Growth Caucus (APGc), began his trip on Aug. 15 in Liberia. The seven-member congres-sional delegation includes U.S. Rep-resentatives G.K. Butterfi eld (D-NC), Steve Cohen (D-TN), William Lacy Clay (D-MO), Gwen Moore (D-WI), and Sheila Jackson-Lee (D-TX). The group return to the United States on August 24. In addition to Liberia, they will visit Ghana, Angola and South Africa.

The Illinois congressman plans in-

clude meeting with Liberian President Ellen Johnson Sirleaf, Ghana President John Evans Atta Mills, Angola Presi-dent Jose Eduardo dos Santos and South African President Jacob Zuma, in addition to ministers and dignitaries in areas of economics, trade, telecom-munications, foreign policy, education, arts and culture.

The world is interconnected and all of our people are suffering from the global fi nancial meltdown,” Rush said. “With Africa in mind, solutions to these problems are not limited to foreign as-sistance and economic bail outs. While those concepts are effective in the short-term, they do nothing for the long haul. I fi rmly believe Africa holds the key to its own development. As Africa is calling for more trade and investment, we are going there to identify opportu-nities to encourage trade between our regions.

He said his mission is to create a plat-form for U.S. businesses, especially for

small size, women- and minority-owned enterprises in an effort to fi nd creative solutions to the U.S. employment crisis. Only one percent (239,000) of all small and medium sized enterprises (SME) are exporters, although they represent 97 percent of U.S. export companies. However, these SMEs account for less than one-third of U.S. exports by value. “SME trade with Africa is almost non-existent,” Rush said. “On both sides of the Atlantic, companies are not aware of the business opportunities available to them. Business expansion leads to increased earning power and job cre-ation.”

Rush added, “Africa plays a signifi -cant role in meeting the world’s energy needs, supplying new technologies and providing vital mineral resources. For example, oil and gas from the Gulf of Guinea region in West Africa accounts for over 19.5 percent of U.S. oil imports in 2008, a greater share than oil from Persian Gulf countries. The proportion of U.S. oil imports from Africa is expect-ed to grow to 25 percent over the next decade. Africa’s natural resources, if carefully managed, will contribute to global prosperity and expand economic growth.

Coming after President Barack see Cong. Rush on page 30

African Grantmakers Network (AGN) Launched

Sarah Mukasa, Director of Pro-grammes at the African Women’s Development Fund announced,

at a meeting organized to establish a network of African grantmakers, that “The African Grantmakers Network will change the face of global philanthropy. And it will happen right here in Africa”.

After years of careful planning, prepa-rations, consultations and meetings, the AGN was launched in Accra at a meet-ing convened by the African Women’s Development Fund, TrustAfrica and

the Kenya Community Development Foundation—and attended by key Af-rican grantmakers. “The establishment of an African Grantmakers Network is well overdue”, was the opening line of a discussion document circulated at the meeting.

“This has been a long overdue dia-logue that has now fi nally taken shape. I want to express my wish that this net-work will grow and become sustainable in order to develop a strong, collective voice for Africa and her needs in terms

of development—from Africa, for Afri-ca”, said Christine Delport, Chief Oper-ating Offi cer at the Greater Rustenburg Community Foundation.

And TrustAfrica’s Executive Direc-tor, Akwasi Aidoo, emphasized that the AGN’s main function will be to “change the narrative of Africa as helpless and hapless, tilt the balance of stories, and increase the visibility and knowledge of Africa”. He went on to say, “this is a network with a solid net across our continent and lots of good work for its people”.

The AGN will also: •Serve as a platform for peer learning and good practice to enhance good


“A FEW NOTES ON AFRICA”

Trade Conference to beHeld in South Africa

Gathers Strategies, Inc. has been selected to participate in an Invite Only trade and investment conference in Johannesburg, South Africa – The Africa Dialogue 2009 – taking place in late October. This important conference will include discussions with the new government leadership in South Africa, the leadership of all nine provinces, and leading companies and business and trade organizations.Gathers Strategies, Inc. wants to use this trip

as an opportunity to advance the interests of California companies seeking to identify and develop opportunities in South Africa.For further information about this opportunity

and to discuss your project need, and costs associated with this research and development trip, please contact Dwayne Gathers at 213-291-6199 (direct) or [email protected].

500 Million Euro Fund in Development

Terra Nostra Capital Partners, an investment group, plans to raise 200 million euros ($287.9 million) in the next 18 months for investments in sub-Saharan Africa. The fund, which has a target size of 500 million euros, will invest in energy, transport and mining in eight African countries, including Mozambique, Kenya and Cameroon. Visit http://terranostra-capital.com.

Taste of Africa“Taste of Africa” now airs on Sundays at 6pm

EST & various times through out the week on the Dish Network Ch 751. Yeti Ezeanii, the queen of African cuisine who was raised in Nigeria, now lives in Atlanta, Georgia. She juggles her daytime pharmacy business while kindling her passion for cooking all foods African. Yeti is determined to introduce the everyday American woman to the splendor and simplicity of African cuisine through her online tv shows.

Burundi & Rwanda Wait to be Linked to Seacom Cable

The Seacom Cable was launched simultaneously in Uganda, Kenya, Tanzania, Mozambique and South Africa. The fi nal link to Kigali, Burundi and Addis Ababa is next.This will lead to a considerable reduction in

Internet consumer prices. Connection costs are expected to drop by about 90%.Altech will run a ring of fi bre optics across

the fi ve East African Community nations. The current micro-wave connection is expected to remain in place as back-up. The Africa Digital Networks in Dar es Salaam, Tanzania, will open soon.

“Don’t Sell Land” Warns President

President Jakaya Kikwete has cautioned residents of southern regions of Lindi and Mtwara from selling land to foreigners. The President said after the completion of the southern road, many investors would fl ock to the two regions. “There are other places in this country where locals have sold all their land and they are now living like servants and agents of activities done by other people to whom they sold the land.”

SEE YOU ON THE CONTINENT.

U.S.-African Trade Profi le8th AGOA Forum, August 2009

The eighth AGOA Forum was held in Nairobi, Kenya, August 4-6, 2009 using the theme “Realizing

the Full Potential of AGOA through Ex-pansion of Trade and Investment.” The Forum focused on a number of crucial trade and economic issues, including but not limited to how countries can take full advantage of the range of ex-port opportunities that AGOA offers.

Background information on the trade relationship between the USA and Af-rica is available on the AGOA website (www.agoa.gov). U.S.-African Trade Profi le provides the following bits of data, however, the full report may be found on the AGOA website.U.S.-AFRICAN TRADE PROFILE

U.S. total trade with Sub-Saharan Africa (exports plus imports) increased 28.0 % in 2008, as both exports and imports grew. U.S. exports increased by 29.2 % to $18.5 billion, driven by growth in several sectors including: machinery, vehicles and parts, wheat, non-crude oil, aircraft, and electrical machinery (including telecommunica-tions equipment). U.S. imports in 2008 increased by 27.8 % to $86.1 billion. As has been the case throughout 2008, this growth continues to be due to a signifi cant increase of 31.9 percent in crude oil imports (accounting for 79.5 %t of total imports from Sub-Saharan Africa).

• Of the top fi ve African destinations for U.S. products, exports to South Africa rose by 17.6 %, to Nigeria by 47.7 %, to Angola by 62.6 %, to Benin by 192.4 % (due to a large increase in the export of non-crude oil and ve-hicles and parts), and to Ghana by 46.1 %.• U.S. imports from the oil produc-

ing countries grew in every case with imports from Nigeria growing by 16.2 %, from Angola by 51.2 %, from the Republic of Congo by 65.2 %, from Equatorial Guinea by 89.5 %, from Chad by 55.4 %, and from Gabon by 4.4 %. U.S. imports from South Africa grew by 9.9 %. Declines in the import of platinum and diamonds from South Africa were more than balanced by strong growth in the import of ferroal-loys and extremely high growth of over 350 % in the import of passen-ger vehicles (caused by a surge in

imports from South Africa as new car lines produced in South Africa came on the market at the end of 2007).• In 2008, U.S. imports under the African Growth and Opportunity Act (AGOA) were $66.3 billion, 29.8 % more than in 2007. This fi gure in-cludes duty-free imports from AGOA-eligible countries under both the U.S. Generalized System of Preferences (GSP) and the expanded AGOA GSP, plus textile and apparel items imported duty-free and quota-free under AGOA provisions.


Leon H. Sullivan Summit Awards CelebrationAugust 27, 2009

The gala event formally announces the date and location for the upcoming Leon H. Sullivan Summit and celebrates and honors leaders in the global community who have made a signifi cant difference in our world - particularly as it relates to

uplifting the lives of the poor. Our Invited Honorees Include:Winston Duncan, Mia Farrow, Dr. Henry Louis Gates, Herbie Hancock, Dr. Mo Ibrahim, Quincy Jones, Tyler Perry

John F. Kennedy Center for the Performing Arts - Eisenhower Theater, Washington, DCTickets are: VIP $125 and $100

To purchase tickets or for more information contact The Summit Offi ce • 202-736-2239 • www.thesullivansummit.org

Obama’s visit to Ghana in early July and Secretary of State Hillary Clinton’s seven-nation tour this month, Rush’s delegation represents various infl uen-tial committees including Energy and Commerce, Transportation and Infra-structure, Financial Services, Foreign Affairs, Science and Technology, Ways and Means, Homeland Security and Oversight and Government Reform. The trip will be monitored by the U.S. State Department.

“Africa’s growing importance is re-fl ected in the intensifying efforts of China, Russia, India, Iran and other countries to gain access to African re-sources and advance their ties to the region. For these and many other reasons, I will use my subcommittee jurisdiction to improve U.S. business competitiveness in this untapped, im-portant market. Having a more ambi-tious trade policy toward Africa will be mutually benefi cial to both continents. Africa and its Diaspora is an asset in this global economy. It is time to have a more comprehensive, multi-faceted regional policy toward the African con-tinent.

Cong. Rush Delegation

from page 28


Peace Corp to Celebrate 50 Years of Service

In 2011 Peace Corps will celebrate its 50th anniversary. To commemo-rate these 50 years of service and

to honor the individuals who have dedi-cated themselves to promoting the or-ganization’s mission of world peace and friendship, the Peace Corps is helping organize events and exhibitions in cit-ies across the U.S. and in each country where Peace Corps currently serves.

Please continue reading to learn how you can help celebrate Peace Corps’ rich history and dedicated Volunteers.

Grad School or and Peace Corps…Why Not do Both?

The Peace Corps Master’s Internation-al program combines graduate study with Peace Corps service overseas. Prospective students apply separately to the Peace Corps and the graduate

U.S. Peace Corps Seeks More Volunteers and Prepares for big Celebration

standards and practices; •Ensure an amplifi cation of local voic-es in development discourse and Afri-can perspectives in global platforms; •Reinforce the tradition of African phi-lanthropy;•Advocate for long-term and sustain-able mechanisms and resources, in-cluding investments and endowments for philanthropic institutions in Africa Serve as a reference point for Africans in the Diaspora and a point to affi rm the identity of African philanthropicinstitutions; •Cultivate good relations with other civil society formations in Africa and increase networking for effective ad-vocacy around the aid agenda and the legal environment, including the tax regime; and •Conduct pertinent research, capacity building and advocacy roles. A Steering Committee was elected

comprising:•Bisi Adeleye FAYEMI: Chair (Afri-can Women’s Development Fund, Ghana) •Janet MAWIYOO: Co-Chair (Kenya Community Development Founda-tion, Kenya) •Akwasi AIDOO: (TrustAfrica, Sen-egal) •Christine DELPORT: (Greater Rustenburg Community Foundation, South Africa) •Neville GABRIEL: (Southern Africa Trust, South Africa) •Ezra MBOGORI: (Akiba Uhaki Foundation, East Africa)•John ULANGA: (Foundation for Civil Society, Tanzania) After the launch, Neville Gabriel,

Executive Director of Southern Africa Trust, stated: “The creation of the Afri-can Grantmakers Network is a historic moment in the development of African institutions that truly belong to the con-tinent. It’s been created by grantmak-ing organizations that are rooted in Af-rica, out of their own felt need for such

a network, and through their own com-mitment to create such a group. The network will therefore be a key platform to improve the way in which funding to-wards effective development results is channeled to African organizations”.

And Bisi Adeleye Fayemi, Executive Director of the African Women’s Devel-opment Fund, summarized the launch as follows: “The story of Africa’s devel-opment has been told many times over with great reference to the disasters but little if any to the contributions of Africans who work to create change, to shape a new historical narrative of hope, dignity, peace and prosperity to all of the continent’s citizens. The AGN is born of these efforts. It seeks to build on the rich tradition of philanthropic giv-ing in Africa”.

Contact the Secretariat at: The AGN Secretariat, Lot 87, Sacré Coeur 3, Pyrotechnie x VDN, BP 45435, Dakar-Fann, Sénégal; Tel: 221-33-869-4686, Fax: 221-33-824-1567, E-mail: [email protected], Website: www.trusta-frica.org.

program(s) of their choice. Typically, students complete one year of gradu-ate school and then serve 27 months in the Peace Corps, after which they return to the university to complete any remaining degree requirements. More than 60 universities currently partner with the program, 11 of which offer de-grees in agriculture.

Since 1987, the Master’s Interna-tional program has offered participants a unique opportunity to combine gradu-ate study with signifi cant international service, connecting theory and practice and contributing to the Peace Corps' fi rst goal: to help the people of inter-ested countries in meeting their need for trained men and women.

The Peace Corps is interested in making this program more widely known among the agriculture and high-er education communities.

For more information, please visit www.peacecorps.gov/masters, or con-tact Eric Goldman, Manager, Mas-ter’s International, at [email protected] or 202-692-1896.

Africa Grantmakers Network Launched

from page 28

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What is“Pass It On!”

???

In a few weeks Africare will launch an exciting new campaign to con-nect you to people overcoming ma-

jor challenges impacting the African continent-- issues like unsafe drinking water, food insecurity, and the growing

number of children orphaned by AIDS.Our new “Pass It On!” campaign

will carry these messages around the world through a series of powerful testi-monies and unique stories told directly by the individuals who see, work with, or benefi t from Africare’s assistance on the ground. The stories come from more than 20 African nations, covering a variety of key issues. They all carry positive messages of growth and em-powerment on the African continent!

Beginning September 1st, Africare will introduce you to a new story— once

a month for 16 months— from a child, grandmother or Africare staff member who will “have something to tell you” about the important work Africare is implementing on the ground. Each will be packaged in a format that is ready to “pass on” to a friend or someone you know through video, social network, and even your phone! And if you live in Washington, DC, you’ll see our stories on buses and in Metro stations across the city.

Sign-up to receive the messages and support the “Pass It On!” campaign us-ing this special link - www.africare.org/news/enews_signup.php.

Learn more about Africare’s current projects, long history and esteemed leaders at their website - www.africare.org.

THE WHITE HOUSEOffi ce of the Press Secretary August 26, 2009

DEATH OF SENATOR TED KENNEDY- - - - - - -

BY THE PRESIDENT OF THE UNITED STATES

A PROCLAMATION

Senator Edward M. Kennedy was not only one of the greatest senators of our ti me, but one of the most accomplished Americans ever to serve our democracy. Over the past half-cen-tury, nearly every major piece of legislati on that has advanced the civil rights, health, and economic well-being of the American people bore his name and resulted from his eff orts. With his passing, an important chapter in our American story has come to an end.As a mark of respect for the memory of Senator Edward M. Kennedy, I hereby order, by the authority vested in me by the Consti tuti on and laws of the United States of America, that the fl ag of the United States shall be fl own at half-staff at the White House and upon all public buildings and grounds, at all military posts and naval stati ons, and on all naval vessels of the Federal Government in the District of Columbia and throughout the United States and its Territories and possessions unti l sunset on August 30, 2009. I also direct that the fl ag of the United States shall be fl own at half-staff unti l sunset on the day of his inter-ment. I further direct that the fl ag shall be fl own at half-staff for the same periods at all United States embassies, legati ons, consular offi ces, and other faciliti es abroad, including all military faciliti es and naval vessels and stati ons. IN WITNESS WHEREOF, I have hereunto set my hand this twenty-sixth day of Au-gust, in the year of our Lord two thousand nine, and of the Independence of the United States of America the two hundred and thirty-fourth.

BARACK OBAMA



Remembering Senator Ted M. Kennedy1932-2009


Rainbow PUSH LA Trade Bureau

Re-Opens

We are excited to inform you about the reestablishment of the Rain-bow PUSH LA Trade Bureau with Mr. Mishael Israel as Executive Director of Rainbow Push/Citizenship Education Fund Los Angeles. Mr. Israel’s responsibilities at Rainbow Push LA relate directly to the implementation of economic, social, and education initiatives, as well as growing the offi ce to become a strong voice for our constituents and Trade Bureau Members. As an entrepreneur, Mr. Israel remains steadfast in spearheading supplier diversity, business education, and building solid relationships with trading partners.

Rainbow Push LA is implementing two important projects for our Trade Bureau Members and we need your updated contact information.

•An inaugural Trade Bureau meeting in mid-September•Connecting our Trade Bureau members with our Trading Partners for the purpose of doing business

Rainbow Push LA is committed to connecting our members to new opportunities that will not only bring us through the recession, but be-yond it. Our innovative ideas are expressed through powerful pro-grammatic pieces that are designed with everyone in mind.

Please use the information below to contact the Los Angeles offi ce to request a contact information form that may be completed then faxed or e-mailed to us. The information will reconnect us with you and will aid Mr. Israel in his upcoming meetings with corporate trading part-ners.

Regina Black, Offi ce ManagerRainbow PUSH/CEF Los Angeles

New Address: 1313 W. 8th Street, Suite 232Los Angeles, CA 90017

New Offi ce Number: 213.483.3500New Fax Number: 213.483.3577Email: [email protected]

Website: www.rainbowpushla.org

of the new law were from credit union representatives who said the Aug. 20 deadline was unreasonable.

The Consumer Federation of Amer-ica and Sen. Christopher Dodd, chair-man of the Senate Banking Committee, have asked the Fed to extend the dead-line to give credit unions more time to revamp their operations. The head of the National Credit Union Administra-tion, which regulates credit unions, sent a letter to Fed Chairman Ben Bernan-ke Aug. 6 indicating that some credit unions may not be in compliance. Rate boosts under the wire

American Express was the only major credit card issuer that did not previous-ly offer customers opt-out options when rates were increased. Come August 20, that will change. AmEx is slipping some interest-rate increases in just in time to beat the arrival of mandatory con-sumer opt-out rights. C r e d i t -Cards.com was con-tacted by several readers complaining that they had received notices of AmEx rate in-creases that take effect Oct. 1, 2009, but were not offered a chance to opt out. The readers questioned whether this was legal given the effective date of the Credit CARD Act.

According to the Fed, issuers that provide notices of interest-rate increas-es and other changes before Aug. 20 do not have to offer the right to opt out, regardless of when the rate increases actually take effect. Any notices provid-ed Aug. 20 or later must include infor-mation about opting out.

AmEx spokeswoman Faust respond-ed: “Like all companies, large and small, our pricing has to be responsive to the business and economic environment. As a result, we have found it necessary to increase rates and fees on some of our products.”

Citi, which had offered customers the option to opt out of interest-rate in-creases and continue using their credit cards, is revising its policy to refl ect

Credit Card Actfrom page 18

the new law, according to Citi spokes-man Wang: “If we make any changes in terms to our customers’ accounts, we will notify them and explain clearly how they can reject those changes if they wish.”

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andComedy NightJoin the Fun!Share the Laughs!

Fear Failure not Health Care Reform

That battle is now joined. Will Repub-licans, the right and the lobbies suc-

ceed in terror iz-ing Amer-icans into f e a r i n g reform of the mal-pract ice we call

health insurance? Or will most Ameri-cans see through the lies and distor-tions and demand that the Congress act?

We will end up getting the health system we deserve. And if reform is blocked once more, more and more of us will fi nd the system dangerous to our health.

For more information and action op-portunities visit www.rainbowpush.org.

wanted to make sure that if you read the Herald Dispatch you read positive, thought-provoking news-about the African American com-munity.” Stephanie also said that her father never tired of shar-ing his wisdom with the communi-ty. “My father was a teacher. He taught life lessons by example and he wanted everybody to have the thirst for knowledge like he did. He was a voracious reader who con-tinuously read about sports, history, politics and black affairs. Any book you put in front of him he would read and then take that knowledge and give it to anybody who was willing to accept it.” Stephanie recalls that she will always treasure the time she spent working with her father at the newspaper. “We spent ev-eryday together and weekends and holidays, too. Lots of people in the community would come to the Her-ald Dispatch and everybody had an opinion. We talked about world events and family stuff. On Fridays, you could always get a plate of food and come by and see the grandkids. It was truly a family business.” And Stephanie recalls that her father was also a shrewd businessman who constantly battled to ensure his paper received a fair rate in adver-tising dollars. “If the Los Angeles Times was getting a certain amount of advertising dollars, he would in-sist that the Herald Dispatch get the same amount,” recalls Stephanie. He taught us that there is nobody better than you. You are the best person in the world. He said don’t let anybody tell you any different.” And Holoman not only talked about supporting the community, he of-ten placed his dollars in another black man’s hand.“My father got his

Holoman Tributefrom page 26

see Holoman Tribute page 51

from page 10

THE WHITE HOUSEOffi ce of the Press Secretary August 21, 2009

RAMADAN MESSAGE, 2009- - - - - - -

REMARKS BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

On behalf of the American people – including Muslim communiti es in all fi ft y states – I want to extend best wishes to Muslims in America and around the world. Ramadan Kareem.

Ramadan is the month in which Muslims believe the Koran was revealed to the Prophet Muhammad, beginning with a simple word – iqra. It is therefore a ti me when Muslims refl ect upon the wisdom and guidance that comes with faith, and the respon-sibility that human beings have to one another, and to God.

Like many people of diff erent faiths who have known Ramadan through our communiti es and families, I know this to be a festi ve ti me – a ti me when families gather, friends host ift ars, and meals are shared. But I also know that Ramadan is a ti me of intense devoti on and refl ecti on – a ti me when Muslims fast during the day and perform tarawih prayers at night, reciti ng and listening to the enti re Koran over the course of the month.

These rituals remind us of the principles that we hold in common, and Islam’s role in advancing justi ce, progress, tolerance, and the dignity of all human beings.

For instance, fasti ng is a concept shared by many faiths – including my own Christi an faith – as a way to bring people closer to God, and to those among us who cannot take their next meal for granted. And the support that Muslims provide to others recalls our responsibility to advance opportunity and prosperity for people everywhere. For all of us must remember that the world we want to build – and the changes that we want to make – must begin in our own hearts, and our own communiti es.

This summer, people across America have served in their communiti es – educati ng children, caring for the sick, and extending a hand to those who have fallen on hard ti mes. Faith-based organizati ons, including many Islamic organizati ons, have been at the forefront in parti cipati ng in this summer of service. And in these challenging ti mes, this is a spirit of responsibility that we must sustain in the months and years to come.

Beyond America’s borders, we are also committ ed to keeping our responsibility to build a world that is more peaceful and se-cure. That is why we are responsibly ending the war in Iraq. That is why we are isolati ng violent extremists while empowering the people in places like Afghanistan and Pakistan. That is why we are unyielding in our support for a two-state soluti on that recognizes the rights of Israelis and Palesti nians to live in peace and security. And that is why America will always stand for the universal rights of all people to speak their mind, practi ce their religion, contribute fully to society and have confi dence in the rule of law.

All of these eff orts are a part of America’s commitment to engage Muslims and Muslim-majority nati ons on the basis of mu-tual interest and mutual respect. And at this ti me of renewal, I want to reiterate my commitment to a new beginning between America and Muslims around the world.


As I said in Cairo, this new beginning must be borne out in a sustained eff ort to listen to each other, to learn from each other, to respect one another, and to seek common ground. I believe an important part of this is listening, and in the last two months, American embassies around the world have reached out not just to governments, but directly to people in Muslim-majority countries. From around the world, we have received an outpouring of feedback about how America can be a partner on behalf of peoples’ aspirati ons.

We have listened. We have heard you. And like you, we are focused on pursuing concrete acti ons that will make a diff erence over ti me – both in terms of the politi cal and security issues that I have discussed, and in the areas that you have told us will make the most diff erence in peoples’ lives.

These consultati ons are helping us implement the partnerships that I called for in Cairo – to expand educati on exchange pro-grams; to foster entrepreneurship and create jobs; and to increase collaborati on on science and technology, while supporti ng literacy and vocati onal learning. We are also moving forward in partnering with the OIC and OIC member states to eradicate polio, while working closely with the internati onal community to confront common health challenges like H1N1– which I know is of parti cular to concern to many Muslims preparing for the upcoming hajj.

All of these eff orts are aimed at advancing our common aspirati ons –to live in peace and security; to get an educati on and to work with dignity; to love our families, our communiti es, and our God. It will take ti me and pati ent eff ort. We cannot change things over night, but we can honestly resolve to do what must be done, while setti ng off in a new directi on – toward the desti na-ti on that we seek for ourselves, and for our children. That is the journey that we must travel together.

I look forward to conti nuing this criti cally important dialogue and turning it into acti on. And today, I want to join with the 1.5 billion Muslims around the world – and your families and friends – in welcoming the beginning of Ramadan, and wishing you a blessed month. May God’s peace be upon you.

Barack Obama

Back To School is Happening at the Black Book Stores!

Malik’s BooksMalik’s Books is active in the South

Los Angeles community. We recently asked to community to join us in support-ing a deserving young man and you, our customers and supporters, responded.

Thank You to the BBA and others in the community for your support and donations to help Khalfani Muhammad participate in the 2009 Junior Olympic Championship in Greensboro, North Carolina. The trip and performance was a success. Khalfani Mu-hammad fi nished 2nd place in his 100 me-ter heat with a time of 11.21 sec. and ran his 3rd best time ever in the 200 meters in 22.57 sec. This year was about experi-ence since Khalfani was the only 14 year old while everyone else was 15 and 16 years of age in his age group.

Thank You again for all your support and donations. Please see the picture of Khalfani Muhammad thanking you for all your support.

Malik’s Books, located in the Baldwin Hills Mall in the African Marketplace on the second fl oor, gives you direct access to all your Obama memorabilia needs. The privately owned Malik’s Books offers a prime selection of African American books and conscious literature. Come by your community bookstore and take a look at what we have to offer.

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Books to Consider...Love Leadership by John Hope Bry-ant. In LOVE LEADERSHIP the case

is made that the crisis in America today is not eco-nomic. It is a cri-sis of virtues and values. We must choose to prosper as a society, not just as individuals. Bryant shares the lessons and prac-tices of many love-

based leaders he knows and respects. Love Leadership makes the case that the best way to get ahead is to fi gure out what you have to give to a world seemingly obsessed with only one question: “What do I get?”. Purchase the bood at www.amazon.com.African Statistical Yearbook Avail-able at www.african-union.org. Timely and reliable statistics are considered essential for evidence-based policy and decision-making and for better support to policy implementation, monitoring progress and evaluation of outcomes and impacts of development initiatives such as the Poverty Reduction Strate-gies (PRSs), the new Partnership for

Africa’s Develop-ment (NEPAD), and the Millenni-um Development Goals (MDGs).

This fi rst is-sue of the Joint African Statis-tical Yearbook is a result of

the concerted and coordinated efforts among the three main continental in-stitutions (AfDB, AUC, and UNECA) in their quest to provide users with quality statistical information to inform Africa’s development initiatives. It is part of a broader collaborative framework, set out in the Reference Regional Frame-work for Statistical Capacity Building in Africa (RRSF). African countries will be able to produce and use quality statisti-cal information to support regional inte-gration and development initiatives.

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Join Inland Empire chambers and business organizations for the ultimate business networking event! Mix and mingle with business people representing hundreds of industries and companies in and around the Inland Empire. Inland Empire’s Largest Mixer is a great opportunity to reach small to large companies, meet new clients and learn how the different chambers of commerce and business orga-nizations can make your business grow.

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If your small business is stressed meeting expenses during these eco-nomic times, the U.S. Small Busi-

ness Administration has a new loan program designed just for you.

SBA’s America’s Recovery Capi-tal Loan Program can provide up to $35,000 in short-term relief for viable small businesses facing immediate fi -nancial hardship to help ride out the current uncertain economic times and return to profi tability. Each small busi-ness is limited to one ARC loan.

ARC loans will be offered by some SBA lenders for as long as funding is available or until September 30, 2010, whichever comes fi rst.

Since June 15, lenders across the country have provided millions of dol-lars in capital to small businesses

through the America’s Recovery Capi-tal (ARC) loan program. Created under the Recovery Act, the temporary ARC program offers interest-free loans to vi-able small businesses, which carry a

100 percent guaranty from the SBA to the lender and require no fees paid to SBA. Loan proceeds are provided over a six-month period and repayment of the ARC loan principal is deferred for 12 months after the last disbursement of the proceeds. Repayment can ex-tend up to fi ve years.

About the ARC Loan Program ARC loans can be used to make

payments of principal and interest, in full or in part, on one or more existing, qualifying small business loans for up to six months. ARC loans provide an immediate infusion of capital to small businesses to assist with making pay-ments of principal and interest on exist-ing debt. These loans allow borrowers to redirect cash fl ow from making loan

payments to investing in their busi-nesses, to help sustain the business and retain jobs. For example, making loan payments on existing loans with proceeds from an ARC loan can allow a business to focus more funds on core operations, such as buying inventory or making payroll.

The best candidates for ARC loans are small businesses that in the past were profi table but are currently strug-gling, yet have been making loan pay-ments or are just beginning to miss loan payments due to fi nancial hardship.

ARC Loan Eligibility ARC loans are available to viable,

for-profi t small businesses in the U.S. that have qualifying small business loans and are experiencing immediate fi nancial hardship.

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SBA ARC Loan Program

meet current and future loan payments over a two-year period from loan ap-proval. If your business does not meet these criteria, you can discuss your eli-gibility with your lender. ARC loans are not designed for start-up businesses. ARC Loan FAQs for Borrowers.

Examples of qualifying loans may include credit card obligations for your business, capital leases, notes payable to vendors/suppliers, Development Company Loan Program (504) fi rst lien loans, other loans to small businesses made without an SBA guaranty, and loans made by or with an SBA guaranty on or after Feb. 17, 2009.

ARC loans are designed to help busi-nesses experiencing immediate fi nan-cial hardship for reasons such as:•Loss/reduction of customer base •Increase in cost of doing business •Loss/reduction of working capital and/or loss/reduction of short term credit facilities •Inability to restructure existing debts due to credit restrictions •Loss/reduction of employees (intel-lectual capital) •Loss/reduction of major suppliers (major suppliers out of business) Borrowers whose loans are already

severely delinquent or whose past per-formance or future cash fl ow indicates that the business is not viable are not good candidates for an ARC loan..

Applying for an ARC Loan ARC Loans are provided by com-

mercial lenders and guaranteed by the SBA. Your next step is to contact your lender who will help you determine if


Alberto G. Alvarado, DirectorLos Angeles SBA District Offi ce

see SBA ARC Loan on page 49


Watch & Support the Africa Channel!Time Warner • Channel 176

Don’t have the Africa Channel in your area? Call Time Warner at: 1-888-892-2253 and ask that the Africa Channel be broadcast to ALL regions of Califor-nia.

For information on the Africa Channel visit www.theafricachannel.com or send an e-mail inquiry to [email protected].

Zizini Safaris, Inc.Zizini Safaris provides the traveller with an unsurpassed and memorable experience of a lifetime in Tanzania.

We share with you the beauty of Tanzania; its rich natural resources, warm, friendly people, and a wealth of cultural experiences; offer the opportunity to gain an appreciation of the fl ora and fauna of these beautiful lands, which will evoke the need to protect and enhance these experiences for today and future generations.

Zizini Safaris, Inc.466 Old Craigville RoadCenterville,MA 02632(866) 948 ZIZI (9494)[email protected]

Listen toKDEE 97.7FMTh e California Black

Chamber Foundation’s Radio Station

LIVEon Your Computer

www.kdeefm.org

Tuesday, July 14th“For everyone interested in doing business with Metro”


you are a candidate for an ARC Loan. Questions they may ask include the fol-lowing: •Does your small business have an established banking relationship? •Has your small business been in op-eration for a minimum of two years? •Do you have fi nancial statements (balance sheet, income statement, and cash fl ow statement) which demonstrate your business had a positive cash fl ow in one of the past

SBA ARC Loan Programfrom page 47 two years (or as long as your busi-

ness has been operating, if less than two years)? •Does your cash fl ow projection for the next two years indicate suffi cient cash fl ow to meet your current and future loan payments? •Is your business suffering an im-mediate fi nancial hardship? For example: •Declining sales and revenues; •Diffi culty in making loan payments on existing debt; •Diffi culty in paying employees;

EconomicRecoveryWebsites

The websites shown here pro-vide information on the Ameri-

can Economic Recovery Process. Monitor the nation’s economic life cycle for yourself.

The Presidentwww.whitehouse.gov

National Economic Recoverywww.recovery.govTrack Health Reform

www.healthreform.govU.S. Department of Education

www.ed.gov/index.jhtmlU.S. Department of Energy

www.energy.govU.S. Department of Commerce

www.commerce.govU.S. Treasury

www.ustreas.govGrants.gov

www.grants.govCalifornia’s Economic Recovery

www.recovery.ca.govCaltrans

www.dot.ca.gov/Recovery

Sign Up Now for the California Construction Contracting Program

El Camino College SBDC13430 Hawthorne Blvd.Hawthorne, CA 90250

310.973.3177www.southbaysbdc.org

If your business provides services, from asphalt to porta-potties; from backhoes to fencing; from catering to architectural and engineeringservices, now’s the time to prepare for the upcoming reconstruction projects from Caltrans and other municipal agencies.

FREE construction-related business management advising and training is available through the California Construction Contracting Program. Contact the El Camino College Small Business Development Center (SBDC) for more information or visit www.buildcalifornia.org.

$20 Billion in Infrastructure Building Bonds Can Mean Money for You!

•Diffi culty in purchasing materials, supplies, or inventory; and/or •Diffi culty in paying rent and/or other operating expenses. Small Businesses should use the ap-

plication instructions to verify or obtain a Dun & Bradstreet DUNS Number to complete an ARC Loan application.

If you would like to speak directly to a customer service representative about the ARC Loan Program, please call our toll-free number (866-947-8081) Mon-day through Friday during the hours of 8am to 6pm (Eastern Time).

Joseph Business School (JBS) ANNOUNCES THE START OF THE 2009-2010 TERM

OCT 10, 2009-JUNE 2010REGISTER BY SEPTEMBER 18, 2009

SATURDAY STUDY SESSIONS WILL BE HELD ATZOE CHRISTIAN FELLOWSHIP OF WHITTIER

10252 MILLS AVENUE. WHITTIER

JBS TEACHES ENTREPRENEURS HOW TO START AND OPERATE PROFITABLE AND SUCCESSFUL BUSINESSES USING BIBLICAL AND

PRACTICAL PRINCIPLES.

For registration information, please contact Personal Services Plus Event Management Company at (626) 791-3847

or email [email protected].


Thursday Blues at

Uncle Darrow‛sHigh Noon-2pmEvery ThursdayCome by for lunch and relax to blues and jazzfrom our house band! 2560 S. Lincoln Blvd.

Marina del ReyNorth East corner of Washington & Lincoln

“LA Times Magazinefavorite cajun food”

310-306-4862www.uncledarrows.com



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shoes shined and car washed every other day,” recalls Stephanie. “Not because he needed it, but because the person who performed the ser-vices needed the money.

That’s the kind of guy dad was. He was the most wonderful dad on the planet.”

North refl ected, “John was some-one who lived a very creative full and caring life and the world is a better place because he came through it.”

Tribute to John Holoman

from page 41


Shop, Eat, Relax in Little Ethiopia Experience Africa in America

Culture, Retail,Entertainment

Fairfax Boulevardbetween Pico & Olympic in Los Angeles

Leimert ParkVillage

An African American Cultural, Retail, Foods & Entertainment Center.

Degnan Boulevardbetween

Crenshaw & Leimert Blvds.43rd Street-43rd Place, Los Angeles

SPECIALTY CAKES AND CATERING820 N. La Brea Ave., #D • Inglewood, CA 90302

(310) 677-9979gwensspecialtycakes.com

“You’ll Love That Homemade Taste”• Cakes & Catering for All Occasions •

Tuesday - Saturday 10 a.m - 6 p.mSunday and Monday by Appointment

Lucy FlorenceCulture Center

3351 W. 43rd St. Leimert Park Village

Los Angeles, CA 90008

Shop our boutiquesEnjoy our CuisineExquisite Venue for your Special

Event……

Tinashe @ the Boardroominside Lucy Florence

We are open daily! 1-6pmTote & Satchel HANDBAGS,

beautifully restored, one-of-a-kind vintage HANDBAGS,

the hottest DESIGNER SHOES,Cuff links, sterling silver jewelry,

and Italian handmade Murano glass JEWELRY.


International EditionBlack Business News

To be added to theInternational Edition

mailing list send e-mail:[email protected]

Down Home Pot RoastSeafood GumboChicken/Chicken Sausage GumboSmokey's Rice & Beans

www.smokeyrobinsonfoods.com • [email protected]



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August…7th-11th2009 Leadership InstituteThe Tavis Smiley Foundation Youth 2 Leaders program for high school and middle school students will be held on the campus of UCLA. Participation application deadline is May 31st. See details at www.youthtoleaders.org.

9th-16thBahia, Brazil - Festival of the Boa Morte 2009Experience the culture of Afro-Brazil on this exciting tour. See details on page 49. For infor-mation send an e-mail query to [email protected].

26th-28thNational Minority Enterprise Development Week Conference (MED WEEK)Featured Speaker: Earvin “Magic” Johnson. Mi-nority Enterprise Deveopment (MED) Week will be celebrated in Washington, DC. MED Week is the largest federally sponsored conference held on behalf of minority entrepreneurs and business enterprises. For information www.MEDWeek.gov.27th2009 Supplier Diversity ConferenceThe Black Economic Council is hosting its First Annual Supplier Diversity Conference “Match Making and Making Connections” at the Oak-land Marriott City Center, 1001 Broadway, Oak-land, CA 94612. Registration fee is $175. For detailed information visit www.blackeconomic-council.org.27thLeon H. Sullivan Summit Awards Celebration - Africa RisingThe gala awards dinner will be held at the John F. Kennedy Center for the Performing Arts in Washington, DC. For information visit www.the-sullivansummit.org.September…3rdBBA Economic Development LuncheonThursday from 11:30 am to 2:00 pm join fea-


tured speakers are: Donna J. Gambrell, Di-rector of Treasury’s Community Development Financial Institutions (CDFI) Fund and Con-gresswoman Maxine Waters, Member, Con-gressional Financial Services Committee and Chairperson, Subcommittee on Housing and Community Opportunity in discussing how the current administration’s economic stimulus plan effects job creation, business development and community empowerment. City Club on Bunker Hill, 333 Grand Avenue, downtown Los Ange-les. R.S.V.P. or request information by calling 323-291-9334 or sending an e-mail to [email protected]. Also visit the BBA website at www.bbala.org.3rd-7thBlackEnterprise/Pepsi Golf & Tennis Challenge 2009JW Marriott Grande Lakes, Orlando, FL. Go to www.blackenterprise.com/begt.21st25th Annual AAI Awards DinnerThe Africa-America Institute (AAI) will wel-come Ghana’s president, H.E. John Evans Atta Mills, who will accept the AAI African National Achievement Award on behalf of the people of Ghana. Call 212-949-5666 or go to www.aaionline.org for details.29th-October 1st7th Biennial U.S. – Africa Business SummitThe Corporate Council on Africa conference will be held at Walter E. Washington Convention Center, Washington, DC. Go to www.africacncl.org for details and/or to register.October…5th-11thAfrica Design ExpoUnique exibit and showcase for African design-ers and artists will be held at the Eko Hotel, Lagos, Nigeria. For information visit www.afri-cadesignexpo.com.

10thJoseph Business School (JBS)The fall term of the JBS begins. JBS trains Christians who are called to be entrepreneurs how to start and operate profi table and suc-cessful businesses using biblical and practi-cal principles as well as empowers them to release God’s anointing to prosper and estab-lish God’s Kingdom on earth. FALL TERM AP-PLICATIONS ARE DUE September 18, 2009. Call the Joseph Business School for details at 562.906.5000.22ndInland Empire’s Largest Mixer IIIAttend the ultimate business networking event! Mix and mingle with business people repre-senting hundreds of industries and companies in and around the Inland Empire. 5:00 - 9:00 PM, Ontario Convention Center, 2000 E. Con-vention Center Way, Ontario, CA 91764. Mixer admission: $20 cash per person at the door or purchase admission and get more information online at www.largestmixer.com/iemixer.

For a complete listings of events around Southern California visit

SAVETHEDATECENTRAL.com

Send your event notice to:

Calendarat [email protected].

Calendar

ww.bbala.org•Contracting Information•Employment Opportunities•Links to Sponsor Websites•Event Announcements•Resources:• President’s Message• Financial Management• Meeting Management• International News• BBA Publications• Other Information

Name: Title: Company: Address:

City: State: Zip Code: Telephone: Fax: E-mail: URL: Type of Business: Year Established: W/MBE Certified by:

NAICS Codes: Briefly describe your products and/or services

New membership Renewal Membership

Select Type of Membership

Regular Member-$200 annual dues 51% African-American owned, Voting membership

Corporate Member-$2,500 annual dues Major corporation, Non-voting membership

Associate Member-$100 annual dues Non-business owner, Non-voting membership

Student Member-$25 annual dues Full-time registered student, Non-voting membership

Amount enclosed $

Payment type: credit card Visa MasterCard

Card #:

Signature Exp. Date / Fax Payment to: 323-291-9234

Payment type: check/money order—make payable to: Black Business Association Mail to: P.O. Box 43159, Los Angeles, CA 90043 USA

For information Call: 323-291-9334 Email: [email protected]

Website: www.bbala.org

MEMBERSHIPAPPLICATION

Please complete then submit this form with your payment. Please type or print.


Open Supplier Certi fi cati on

ProcessThe Verizon Communications Corporation is seeking to identify a greater share of African American-owned and operated businesses to match to potential operating contracts. The data base that Verizon procurement management personnel are instructed to review is the California Public Utilities Commission Clearinghouse.

BBA members wanting to expand market opportunities with a telecommunication company should consider completing a supplier certifi cation application. To obtain an application go to the Internet web address www.cpuc.gov and visit the supplier diversity page for an online application.

The BBA encourages all members to participate in this process that works to create greater opportunities for all African-American owned and operated fi rms. Last year the California Verizon Company reported an annual spend with African American owned suppliers in excess of $40 million.

VVERACITY REALTY, INC.

“Dedicated to Truthfulness”

Let us see what we can do for you in both Commercial & Residential fi nance!

Jonathan Thompson, Commercial Broker Phone: 800-455-2142 Cell: 323-309-2885

Rhonda Thompson, Residential Loan Offi cer Phone 800-455-2142 Cell: 323-387-9439

CA Dept. of Real Estate, Real Estate Broker: 01781216*APR: Includes appraisal, title insurance, escrow, points & other loan cost is 6.487%

Four Season’s ProductionMulti-Cultural Multi-Purpose

Multi-Functional Multi-FacetedManufacturing, Productivity, Growth & Expansion

Economical Globalization Empowerment

“We’re Fired Up and Ready to Go”

Entrepreneurial Business DevelopmentDiversifi ed Subdivision Product-Mix

&Creating Jobs Across AmericaCity by City State by State

National and International Trade Exchange

“Yes We Can”“Something New and Excitingly Different on the Horizon”

Commercial Residential

Genell Brown, Artist DesignerOur Community Source Contact: Keasha L. Charles

888-988-8551 Phone & Fax

Equal Housing Lender. © 2008 Countrywide Bank, FSB. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or subsidiaries.

If you’re a Countrywide mortgage customer having a difficult time making your house payments, call one of our specially trained Home Retention Specialists. Countrywide wants to help you to keep your home. The sooner we can talk, the sooner we can try to help.

Call Countrywide Mortgage Help: 1-888-200-5872 Reference number: 222

If you’re having trouble making your house payment, you’re not alone.

Call us. We may be able to help.

5 AM – 9 PM PT, Monday – Thursday5 AM – 7 PM PT, Friday

FAME ASSISTANCE CORPORATION

FREE CREDIT MANAGEMENT WORKSHOPSHELD EACH MONTH AT

1968 W. ADAMS BLVD., LOS ANGELES

CALL FOR INFORMATION OR RSVP 323-730-7720

SPONSORED BY




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Reach Thousands Leaders in Business and Government

Black Business News

International Edition

Advertising Opportunities 1x 2x 3x 4xFull Page Color w/Feature Story $2,500 $2,250Full Page Color $2,000 $1,800 $1,600 $1,400Full Page B/W $1,500 $1,400 $1,300 $1,200Half Page Color w/Feature Story $1,250 $1,200 $1,150 $1,100Half Page Color $1,000 $ 875 $ 825 $ 775Half Page B/W $ 750 $ 725 $ 700 $ 675Quarter Page Color $ 500 $ 450 $ 400 $ 350Quarter Page B/W $ 350 $ 300 $ 250 $ 200Box Ad Color $ 350 $ 300 $ 250 $ 200Box Ad B/W $ 250 $ 225 $ 200 $ 175Business Card Ad $ 125 $ 100 $ 80 $ 60

RATES SUBJECT TO CHANGE For more information contact: Earl “Skip” Cooper, II at 323-291-9334 E-mail: [email protected]

Ad Type MeasurementsFull Page 7.50”x10”Half Page 7.50”x 5.0”Half Page 3.75”x10”Quarter Page 3.75”x 5.0”Eighth Page 5.0”x 3.0”Box 2.25”x 3.0”

YOUR LINK TO BLACK BUSINESS ENTERPRISE and the AFRICAN GLOBAL ECONOMIC COMMUNITY (GAEC)

The Black Business Association, SBA 2007 Journalist of the Year, is pleased to invite you to be an integral part of our publication. Black Business News - International. The Black Business News is the offi cial voice through which public and private entities advertise business and investment opportunities, gain access to a highly affl uent target market via outreach and advertising opportunities.

•Outreach to Black Businesses in the USA and around the world•Advertorial/Feature Story Advertising•Profi les and Business Listings•Classifi ed Ads and Bid Opportunities

Our readers are BBA members, Black business owners, corporate buyers, prime contractors, community organizations and elected offi cials, who all turn to the Black Business News for business development news and information to take their businesses to the next level of profi tability and success!

Don’t be left out of this door-opening publication.

Reserve Your Ad Space Today!Call 323-291-9334 • E-mail: [email protected]

Special Offer:50% Discount for Regular Financial BBA Members

Fall 2008USD$5.00

International Edition

ContentsCorporate Giving: EOY charitable

opportunities in health, education, hous-

ing, and more.

Tourism: Investment in Africa’s tour-

ism industry is active, vital and is evident

all across the continent.

Feature Articles: “Strategies For Constructisve Engagement with the African Diaspora”

“Diaspora Engagement: Remittances & Beyond”Investment Pro le: Moyo District

of the Republic of Uganda

Professional DirectoryCharitable Investments

Black Business NewsServing the Global African Economic Community

Rev. Leon R. Perry, III in Ghana with recently orpaned twins

see Corporate Giving page 21

At Comerica Bank, we choose to care about the dreams and visions

of Dr. Martin Luther King, Jr. We choose to celebrate equality and

diversity among all people, and we’re dedicated to ringing the bells

of freedom. Choose to celebrate the dream with us.

Member FDIC. Equal Opportunity Lender.

www.comerica.com

Choose to care.Choose to celebrate.

Choose to dream.

Crenshaw3825 Crenshaw Boulevard

Los Angeles

El Segundo2321 Rosecrans Avenue

El Segundo

800-888-3595

Wilshire-Crescent Heights6301 Wilshire Boulevard

Los Angeles

bba news sep '09

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