Florida Courier - July 28, 2017

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With Trump, it’s the summer of discontent See Page B1

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JULY 28 – AUGUST 3, 2017

VOLUME 25 NO. 30

www.flcourier.com

BUILDING BLACK WEALTH That’s the goal of a consortium of Black organizations will focus on economics rather than civil rights. FROM THE TRICE EDNEY NEWS WIRE

According to the various statistics, the economic condition of America’s Black community is in dire straits: • A recent study by Harvard University found that homeownership in the Black community stands at only 42.2 percent in the nation’s largest metro areas. That’s below the Latino-American community, which is at 46 percent, and well below the White-American community, which is at 72 percent. • The mortgage denial rate for Blacks is more than 25 percent, compared to 20 percent for Latinos and just over 10 percent for White applicants, according to the Center for Enterprise Development. • The U.S. Black Chambers, Inc. says the lack of access to

Scott Riddle, left, helps his friend Angela Smith paint her California home. Homeownership is considered one of the key components to building wealth in America.

capital remains the greatest barrier to the establishment, expansion and growth of Black-owned businesses. • Black-owned banks, which grant an overwhelming majority of their loans to Black people, continue to climb their way out of the disparate hit they took during the Great Recession while maintaining their historic role in stabilizing Black communities. These revelations illustrating the economic struggles of African-Americans are the driving forces behind the founding of a new group that’s leading a movement for Black economic justice across America.

KATIE FALKENBERG/

Focusing on assets

LOS ANGELES

Black Wealth 2020, formally

TIMES/TNS

See WEALTH, Page A2

Lawsuit Last call for summer vacations vs. B-CU rages on FLORIDA COURIER / OUT AND ABOUT

Judge allows case to proceed BY THE FLORIDA COURIER STAFF

DAYTONA BEACH – A Volusia County (Daytona Beach) state circuit court judge refused to dismiss a lawsuit accusing Bethune-Cookman University (B-CU) and its board of trustees of violating its own rules when it terminated former trustee A. Ray Brinson from the board, allegedly in retaliation for Brinson’s aggressive questions about the school’s finances. The critical court victory sets the stage for former B-CU President Edison O. Jackson, current interim president Hubert Grimes – who is also on the university’s legal defense team – Board Chairman Joe Petrock, and others in the school’s leadership group to be questioned under penalty of possible perjury about a dormitory building project that may ultimately cost the school more than $300 million. It will also force the university to produce documents long sought by critics, including construction contracts and financial statements that B-CU, a private university, has traditionally refused to make public. FLORIDA COURIER / CHARLES W. CHERRY II

Chayla Cherry, right, takes a picture of her brother Charles W. Cherry III during a visit last week to the Museum of Florida History in Tallahassee. Families statewide are getting last-minute vacation time in before school starts next month.

High public interest Circuit Judge Christopher France – who is also presiding over a similar lawsuit filed against B-CU by another alumnus, Robert Delancy – ruled See LAWSUIT, Page A2

FLORIDA | A3

NAACP names interim president/CEO

Jobless rate down to 4.1 percent

BY FREDERICK H. LOWE TRICE EDNEY NEWS WIRE

said they wanted to move in a new direction.

The NAACP, the nation’s oldest civil rights organization, has named Derrick Johnson, formerly the vice chair of its board of directors, interim president and CEO, succeeding Cornell William Brooks who was not offered a new contract when his old one expired on June 30. Brooks was named president in 2014. The NAACP’s executive committee of the board of directors on July 22 chose Johnson to lead the organization at its 108th annual convention in Baltimore, although Brooks had been notified in May that his tenure had come to an end. Organization leaders

‘An honor’

SNAPSHOTS

HEALTH | B3 FLORIDA | A6

Summit to focus on energy, water food crisis State dealing with rise in card skimmers

ALSO INSIDE

U.S. runners slowing down SPORTS | B4

Basketball Hall of Fame to honor Wade

Johnson, president of the Mississippi State Conference, will serve as interim president and CEO until a new president is selected, the NAACP said. “It is truly an honor and a privilege to be named the interim president and CEO of an organization that I’ve served for decades,” Johnson said. Derrick Johnson “There’s a lot of work

that needs to be done and we won’t waste any time getting to it. “We are facing unprecedented threats to our democracy and we will not be sidelined while are rights are being eroded every day. We remain steadfast and immovable, and stand ready on the front lines for the fight for justice.” Leon Russell, NAACP board chairman, said Johnson is the right person to lead the organization through this important transition.

Led campaigns Johnson is a Mississippi native who has a law degree from South

COMMENTARY: REV. JESSE JACKSON: PRESIDENT’S COLD-HEARTED AGENDA IS IMMORAL | A4 GUEST COMMENTARY: A. PETER BAILEY: WHY AMERICA IS THE WORLD’S RICHEST COUNTRY | A5

See NAACP, Page A2


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