The New Jim Crow & Black Buying Power – Ramifications For Some Industries

Study: Black Buying Power Increased Dramatically

For a list of things going right in the black community – never ask a black conservative “buckdancer” – or a conservative period.

(Buckdancing is a real art form, BTW – which along with “clogging” is a dance style to bluegrass and old-style country music. It evolved from a combination of  “clogging”, a European style –  early African American dance, and traditional Cherokee dance, principally in the Appalachians. This is the  national champion buckdancer, Thomas Maupin doing some freestyle Buckdancing. I think you will agree. Thomas has some serious moves.)

And yeah, I put that in there just to irritate the hell out of the closed-minded set.

These studies support a dramatic increase in economic power, and significant progress across the educational front in the black community. The black population also seems to be growing faster than some previous studies have indicated.

The “African-Americans Revealed” study, based on a BET survey of 80,000 black consumers over 18 months, showed a 10 percent increase in America’s black population between 2000 and 2008 and 55 percent increase in black buying power over the same period.

According to the survey, black buying power is estimated now at about $913 billion and is projected to increase to $1.2 trillion by 2013.

A similar study released in November by the Selig Center at the University of Georgia estimated that black buying power would be about $1.1 trillion by 2014, with current spending power for blacks at about $910 billion…

These numbers look about 20-30% low, actually – compared to more detailed studies I’ve seen. One of a number of issues in calculating the black contribution to the US economy is in defining who exactly is black, and what exactly is black enterprise. As the line between black, white, and multiracial becomes fuzzier – I would anticipate calculations of this sort become more difficult and are subject to a higher margin of error.

Blacks spend a large part of their disposable income – $39 billion – on computers, cell phones and other electronics, the survey showed. That’s about 31 percent of the available disposable income.

The survey also showed that blacks spend more time each week online than they do watching television.

According to the study, blacks spend about 18 hours each week online, compared with 15 hours watching television.

It would seem that the feared “Digital Divide” during the 90’s has largely disappeared. What is interesting is the migration towards the Internet as a source of information and entertainment. According to Nielsen, the average US consumer watches TV about 38 hours a week, and only uses the internet about 8 hours a week. Unless the brothers are out there watching porn. or playing online games – this has some pretty interesting ramifications relative to literacy and educational levels.

Nielsen May 2009 Viewership Numbers for Americans

Last but not least, belieing the “black folks is ignorant” crisis fawned by black conservatives and Chicken Littles…

“African Americans Revealed” predicted there will be 42 million blacks in the United States, which would be a 13.4 percent increase over the 2000 Census. The total population growth for the nation in the upcoming Census is projected to be 9.8 percent.

Researchers at the University of Georgia who compiled the separate buying power study in November said the gains in black buying power reflect much more than just population growth and inflation.

“Of the many diverse supporting forces, one of the most important is the increasing number of blacks who are starting and expanding their own businesses,” Georgia researchers said.

The fact that blacks are getting more education and better access to higher salaries also is boosting buying power. The percentage of blacks who have completed high school or college increased has increased from 66.2 percent in 1990 to 83 percent in 2008, according to Census data cited in the report from the Selig Center.

Doggone them black folks! Give them a chance …

And they’ll go an try and improve themselves!

Now – there are some interesting implications to black American buying habits in terms of their importance to certain industries.  Just about none of the infrastructure behind supplying those consumer electronic products and communications devices is in black hands. Another infamous SCOTUS 5-4 decision by the “fab” five put the kabosh to that with Adorand v Pena.

So if the Democrats are really going to go to war with the SCUMMUS 5 over their recent sell out of Democracy…

Maybe it’s time to review all of those 5-4 decisions.


The Real SOTU

Enjoy!

Miss America – A Virginia Gal!

The new Miss America hails from Virginia, guys. Eat your hearts out!

Caressa Cameron, a Fredericksburg native, currently enrolled at Virginia Commonwealth in Richmond took the title last night -

Miss America - Caressa Cameron

Caressa Cameron, formerly Miss Virginia, wins Miss America 2010 title

A 22-year-old woman who represented Virginia was named the winner Saturday night in the 2010 Miss America pageant.

At the competition, held in Las Vegas, Caressa Cameron of Fredericksburg, a Virginia Commonwealth University communications major, won one of the oldest and most celebrated titles in American popular culture.

“Take away the TV, take away the video games, set some standards for our children!” she answered unhesitatingly in the interview portion of the contest, in which she was asked what to do about the epidemic of childhood obesity.

As winner of the pageant, which is in its 88th year, she is to receive a $50,000 scholarship.

Her talent was listed as singing, (vocal pop) and Saturday night she sang the “Dreamgirls” ballad “Listen.” Her platform was listed as AIDS education.

She went to Massaponax High School before VCU, and has been a dean’s list student. Her career ambition is to work as an anchor for a television news station, according to the site.

Jen Corey, 22, Miss D.C., was in the top 10. Cameron follows two other winners from Virginia, Nicole Johnson in 1999 and Kylene Barker in 1979.

And uhhhh… For the guys out there – Continue reading

Starting Fresh – When the HR Rep Doesn’t Call

One of things you never will hear crossing a politicians lips when talking about unemployment – is the fact that the 10% unemployment numbers include 5 – 7  million of the unemployed are folks who have college degrees, and would be classified as white collar workers. This situation started shortly after the Dot Com bust, where previously highly paid professional people with significant skill sets were thrown out of work, or forced into underemployment by cascading companies.

During the Bushit Administration, these jobs were heavily “outsourced” to China and India. Another “brilliant” idea when you consider those 160,000 programmers in China attempting to Hack into Google, our military systems, and cripple our grids conducting 3 – 5 million attacks a day…

Were trained largely on corporate America’s dime.

Finding a Job by Starting a Business

Last year, more laid-off managers and executives grew tired of waiting for human resources departments to call them back. They took matters into their own hands by starting companies.

Challenger, Gray & Christmas, the outplacement firm, regularly keeps track of 3,000 high-level job seekers in a range of industries. Last year, 8.6 percent of these decided to take the start-up route, compared with 5.1 percent in 2008.

The biggest surge was in the third quarter. The hope is that this momentum “will carry into 2010, since new business development is considered critical to a sustainable recovery,” Challenger stated.

After seven years, only about a third of start-ups are still in business, according to a study in the Monthly Labor Review. Most of these companies fail within in the first few years. So in four years or so, it would be interesting to see how many of these entrepreneurs wish they had waited for that H.R. person to call back.

President Obama at Georgetown/Duke Basketball Game

President Obama and VP Joe Biden attended the Georgetown-Duke basketball game today in DC (Georgetown won).The Prez makes a pretty good commentator!

President Obama Opens A Can of Whoop Ass on Republicans – In Their House!

This had to hurt!

First the Speech -

And now the Q&A -

This was a real “Come to Jesus” meeting for conservatives.

“The whole thing basically went like [this],” Mike Madden wrote at Salon. “Republican asks obnoxious question rooted in Glenn Beck-ian talking points; Obama swats it away, makes the questioner look silly, and then smiles at the end. It got so bad, in fact, that Fox News cut away from the event before it was over.”

Blue Moon

A little something to enjoy Dinner by -

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