Washington Informer
Busniess Archive (201)
Darryl Willis. Photo Courtesy of New American Media
Darryl Willis has recently emerged as the public face of BP. He is the VP of Resources for BP America and in charge of handling the legion of damage claims pouring into the oil company. This became glaringly apparent when a solemn, studious, and very sincere appearing Willis stared into a camera and declared that "I'll be here in the Gulf for as long as it takes to get it right." This is precisely what many believe BP's gaffe-prone, CEO Tony Hayward couldn't do.
The ensuing commercial has become ubiquitous on television with Willis trying to assure that though BP can't wipe away its horror of the past two months, it's doing everything to make amends and that includes shelling out tens of millions to those hurt by the spill. A native of New Orleans, a geophysicist by profession, 20 years as a middle ranking BP executive, and lacking a British accent, Willis seems the ideal person to lead BP's new PR offensive.
While the country celebrates BP's successful effort to finally cap a deepwater well gushing oil into the Gulf, Black fishermen are losing millions in revenue, complain of being deprived of recovery jobs and denied payments made to those affected by the spill and expect to suffer at least five years while trying to bounce back from this environmental nightmare.
The disaster could mean the complete extinction of Black fishermen in that area and the end of a way of life. The fishermen want BP, the multi-billion corporation responsible for the spill and the first Black president to do more—and do it now.
The disaster could mean the complete extinction of Black fishermen in that area and the end of a way of life. The fishermen want BP, the multi-billion corporation responsible for the spill and the first Black president to do more—and do it now.
Last month, the Treasury Department released its latest numbers on the current status of homeowners who'd managed to receive a permanent modification through the government's foreclosure prevention program. The results suggested homeowners were doing miraculously well. But it turns out, the numbers were too good to be true.
On Friday, the Treasury released revised numbers that still show a relatively low level of default, but one significantly higher than the earlier estimate. For instance, Treasury had estimated that less than 3 percent of homeowners who began a permanent modification last summer had fallen more than three payments behind. That number turned out to be about 15 percent.
On Friday, the Treasury released revised numbers that still show a relatively low level of default, but one significantly higher than the earlier estimate. For instance, Treasury had estimated that less than 3 percent of homeowners who began a permanent modification last summer had fallen more than three payments behind. That number turned out to be about 15 percent.
Mortgage servicers regularly make errors and break the rules of the government's mortgage modification program, according to hundreds of homeowners who responded to a ProPublica questionnaire.
For example, all homeowners who are rejected are supposed to receive a formal denial from their mortgage servicer, according to the program's rules. But 136 homeowners reported that they had been rejected from the program without receiving a formal denial. Additionally, homeowners reported more than 1,000 instances of mortgage servicer errors, including losing documents and giving false information.
For example, all homeowners who are rejected are supposed to receive a formal denial from their mortgage servicer, according to the program's rules. But 136 homeowners reported that they had been rejected from the program without receiving a formal denial. Additionally, homeowners reported more than 1,000 instances of mortgage servicer errors, including losing documents and giving false information.
Put America Black To Work is the unofficial name for The Local Jobs for America Act introduced by Chairman George Miller (D-Calif.) of the House Education and Labor Committee. His proposed bill would create or preserve one million jobs.
“We are starting to see things turn around on Wall Street but not on the main streets of our municipalities in this country,” said Mayor Laurent Gilbert of Lewiston, Maine. “Two weeks ago, we had to make the decision to cut 21.5 positions, including firefighters, police officers and city workers from a staff of 345. We'll continue to have to make such difficult choices if we can't do something to create jobs now.”
“We are starting to see things turn around on Wall Street but not on the main streets of our municipalities in this country,” said Mayor Laurent Gilbert of Lewiston, Maine. “Two weeks ago, we had to make the decision to cut 21.5 positions, including firefighters, police officers and city workers from a staff of 345. We'll continue to have to make such difficult choices if we can't do something to create jobs now.”
Jan is a stately, elderly woman of 65 who had it good not too long ago. She had a lucrative income, some of which she invested in a lovely two bedroom home in a good neighborhood. She did everything by the book to ensure her retirement.
Jan now lives in a group home, sharing a room with eight other women. She subsists on a measly $100 per month—all that's left for her after Social Security and Medicare are put towards the costs of her housing and care. She says that's far from enough to cover her daily subsistence and medical needs that are not covered by Medicare.
Jan now lives in a group home, sharing a room with eight other women. She subsists on a measly $100 per month—all that's left for her after Social Security and Medicare are put towards the costs of her housing and care. She says that's far from enough to cover her daily subsistence and medical needs that are not covered by Medicare.
Analysis by the National Women’s Law Center of July jobs data released by the Bureau of Labor Statistics has revealed that unemployment surged among vulnerable groups of women last month, highlighting the need for Congress to do more to help vulnerable families.
While the data indicates no change in overall unemployment and little change for all men and women, the unemployment rates for women who head families and minority women shot up, while rates among minority men dropped.
Unemployment for women who head families jumped to 13.4 percent in July from 12.1 percent in June. This marks the highest unemployment rate for this particularly vulnerable group since the recession began in December 2007 and the highest rate in over 25 years.
While the data indicates no change in overall unemployment and little change for all men and women, the unemployment rates for women who head families and minority women shot up, while rates among minority men dropped.
Unemployment for women who head families jumped to 13.4 percent in July from 12.1 percent in June. This marks the highest unemployment rate for this particularly vulnerable group since the recession began in December 2007 and the highest rate in over 25 years.
Why it's Time to Quit Your Job
Did you know that only 45 percent of all employees in the United States are happy with their jobs? According to the Conference Board, that's the lowest level of employee satisfaction in more than two decades. That also means tens of millions of frustrated workers are quietly biding their time until they find greener pastures elsewhere. In fact, a recent Right Management survey found that 60 percent of workers plan to quit their jobs once the economy improves. Maybe you're one of those disenchanted workers. If not, chances are you know someone who hates their job:
Did you know that only 45 percent of all employees in the United States are happy with their jobs? According to the Conference Board, that's the lowest level of employee satisfaction in more than two decades. That also means tens of millions of frustrated workers are quietly biding their time until they find greener pastures elsewhere. In fact, a recent Right Management survey found that 60 percent of workers plan to quit their jobs once the economy improves. Maybe you're one of those disenchanted workers. If not, chances are you know someone who hates their job:
Pictured in the photo, left to right: Henry J. Maier (executive vice president, Strategic Planning and Communications) David F. Rebholz (President & CEO FedEx Ground) Rico Calhoun, Michael P. Mannion (executive VP & COO) and Kevin Koken (senior vice president, contractor relations). Courtesy PhotoMeleatha is also a 16-year veteran of the District of Columbia Police Department and in addition, the two own a local catering company - Calhoun’s Personal Chef Service.For seven years, Rico Calhoun worked as a second-van driver operating out of the Washington, D.C. station. Then, when the ISP model was introduced in Maryland, he embraced the concept and founded Majestic Transportation, Inc.
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R. Donahue Peebles. Courtesy Photo
The Peebles Corporation, considered the country’s largest African-American real estate development company, announced recently the purchase of a majority interest in the Mardi Gras Hotel and Casino in Las Vegas.
The property is located in the heart of the resort corridor on Paradise Road, one block south of the Convention Center and adjacent to Wynn Las Vegas. R. Donahue Peebles, the chairman and chief executive officer of the Peebles Corporation, is capitalizing on the opportunity to expand the company’s current market holdings.
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