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Obamas Host First White House Easter Egg Roll Obama: Economy Improving but Still A Long Way to Go
By Dorothy Rowley AFRO Staff Writer In a major speech on the economy Tuesday at Georgetown University, President Obama said that while his $787 billion recovery package has begin to show signs of progress, it will be a while before Americans can comfortably feel theyre on the path to growth and prosperity. In the sobering presentation that lasted about 45 minutes, Obama -- now in his 12th week as commander-in-chief - said that in his administrations attempt to fix the economy by strategically attacking it on all fronts, it has had to respond to an extraordinary set of economic challenges with extraordinary actions which have been unprecedented both in terms of scale and speed. Among them: gross disparities in healthcare which have strangled the economy, increased unemployment, lack of educational programs and resources -- and getting a grip on the credit crisis that began on Wall Street and stretched to Washington before making its way to Main Street. In the process and, according to Obama, because of a fundamental weakness in the political system, home foreclosures ran rampant after banks and mortgage lenders threw caution to the wind, making loans to people who couldnt afford them. Recessions are not uncommon markets in the economy naturally ebb and flow, said Obama, but this recession is Continued on A7
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this recession [was not] caused by a normal downturn in the business cycle; it was caused by a perfect storm of irresponsibility and poor decision-making.
President Barack Obama leans over to talk to his daughters Malia, center, and Sasha at the start of the White House Easter Egg Roll on the South Lawn of the White House in Washington on April 13. (For story visit www.afro.com)
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This crisis was caused by the irrational behavior of White people with blue eyes
than any other should pay for the crisis. The Latin American leader made the statements as a lead-up to the G-20 Summit in London earlier this month. And, those sentiments will likely define the fifth Summit of the Americas, which will be economic recovery and growth will take center stage. Over the past five years, Latin America has seen the fastest economic growth rates in the world, Continued on A6
afro.com
Its Business as Usual in Black Businesses Face Tough One Pr. Georges Mall Choices in Faltering Economy
By Candice Hardy Howard University News Service Retail sales have plummeted nationwide as Americans continue to lose jobs due to the stumbling economy. Nationally, unemployment has hit 8.5 percent, while the number of jobless in Maryland rose from 6.2 percent in January to 6.7 percent in February, according to Bureau of Labor statistics. People with less money are less likely to shop. Consequently, the U.S. Census Bureau announced that retail and food services
By James Wright AFRO Staff Writer While many local Black businesses are downsizing or going out of business, many also are working through the recession with a combination of grit and street smarts, and focusing on customer service in order to survive in the challenging economic environment. The Washington, D.C. region has long been considered one of the strongest areas in the country for Black businesses due to the large number of Blacks in the area and their affluence from well-paid government and private sector jobs. Continued on A8
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President Obamas visit to Bens Chili Bowl in January sparked a rush in customers. The family-owned business has also opened a new chic restaurant and bar spinoff called Next Door.
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IF YOU ARE AFRICAN AMERICAN AND YOU ARE THE PURCHASER, OWNER, INSURED, OR BENEFICIARY OF A JOHN HANCOCK LIFE INSURANCE POLICY THAT WAS ISSUED BEFORE 1959 (OR IF YOU ARE THE LEGAL REPRESENTATIVE OF SUCH AN INDIVIDUAL), YOU COULD RECEIVE A PAYMENT FROM A CLASS ACTION LAWSUIT.
LEGAL NOTICE United States District Court for the District of Connecticut Noret v. John Hancock Life Insurance Company Civil No. 3:04cv1099 (JBA) This is just a summary of the terms of the settlement. For more information, including a full notice, call 1-800-232-3154 or go to johnhancocksettlement.com. WHAT IS THE SETTLEMENT ABOUT? The lawsuit alleges that, prior to 1959, John Hancock discriminated in the sale of certain life insurance policies to African Americans. John Hancock denies the claims. The Court has authorized the case to proceed as a class action. No determination of liability has been made. Both sides have agreed to a settlement. The settlement will be reviewed by the Court to make sure it is fair, reasonable, and adequate at a hearing on August 21, 2009. WHAT ARE MY RIGHTS? 1. Make a claim. If approved, the settlement would provide up to $1,200 in monetary relief for valid claims relating to each covered policy. Each policy can only be paid once, but you may make a claim for payment on more than one class policy. If you wish to submit a claim, you do not need to take any action at this time but must complete and submit a claim form and other supporting documentation by November 19, 2009. 2. Stay in the settlement but le an objection. If you want to stay in the settlement but want to object to the terms of the settlement, you must submit an objection to the settlement by May 11, 2009. 3. Opt-out of the settlement and give up any benets the settlement might provide to you. If you do not want to participate in this settlement or be bound by this lawsuit, you must request exclusion from the settlement (or opt-out) by May 11, 2009. 4. Do nothing. If you are covered by the description above, you can also do nothing. In that case, you will not get paid anything if the settlement is approved and you will also release your rights to any claim you may have had. FOR MORE INFORMATION ABOUT THE LAWSUIT, CLAIM FORMS, HOW MEMBERSHIP IN THE CLASS CAN BE ESTABLISHED, AND HOW TO EXERCISE YOUR OPTIONS, GO TO JOHNHANCOCKSETTLEMENT.COM OR CALL 1-800-232-3154 (IF YOU USE A TDD/TTY, CALL 1-866905-8129). The Class is represented by the law rms of Mehri & Skalet, PLLC and Klafter Olsen & Lesser LLP. Go to ndjustice.com and klafterolsen.com for more information.
During the month of your birthday, your admission is FREE with three full paying admissions. Proof of birthday is required. Must mention code BAB09 at time of purchase to receive birthday discount. Not valid for gift certificates or when combined with any other discount offer or group rate. Additional restrictions may apply. Valid at Maryland castle only. Expires 5/30/09.
Call today to reserve your Royally Fun Birthday Party!
VALID AT ALL SHOWS. Kids/Teens (18 and under) are FREE when accompanied by a full paying adult. Limit 1 free child/teen perfull-paid adult. Must mention code KTFA09 at time of purchase to receive discount AND must present coupon upon entrance. Not valid for prior purchases. Valid at Maryland castle only. Expire 4/19/09.