3 20 2013

Page 1

VOL. 62, No. 11

www.tsdmemphis.com

March 14 - 20, 2013

College: is it still a part of building wealth?

Howard spring break program gets a double dose of Memphis Special to The New Tri-State Defender

by Nicole R. Harris

When Ayanna McFarland graduated from Whitehaven High School in 2011, she left the Bluff City to pursue higher education. It wouldn’t be the last time her hometown would see the budding leader. Now a junior English and secondary education major at Howard University in Washington, D.C., McFarland has returned to her Memphis roots for a good cause. In its 19th year, the Howard University Alternative Spring Break Program (ASB) added Memphis to its eight-city roster, making it the largest spring break tour in the program’s history. While in Memphis, Howard scholars split into two groups to tackle four-day mentoring sessions on health and education with approximately 114 Memphis City School students. “I think the impact is certainly positive because it provides them exposure to college,” said Dr. Jeffery Ryan Futrell, the gang intervention coordinator at Northside High School. “Hearing the experiences from their own peer groups is really important. It’s additional exposure for our scholars at Northside.” In breakout sessions, high school students listened to real-life experiences from the Howard mentors. Topics included financial responsibility, time management and even the lifealtering adjustment of having to do your own laundry. “Being 18 doesn’t make you grown. Grown is when you pay your own bills and pay for your own stuff,” noted one Howard volunteer during a discussion on responsibility. With a planning process that took more than one year, creating such a large event in a new city was no easy task. McFarland found opens arms and helping hands in the Memphis Urban League Young Professionals (MULYP). “She (McFarland) gave me a call and wanted to partner with us,” said Erik Henneghan, MULYP Youth Mentoring & Development Chair. “I

75 Cents

Racial wealth gap triples over 25 years ANALYSIS NNPA

by Charlene Crowell

Volunteer Iman Kialeuka-Tiya assists 9th grade Northside High School student Jasmine Pittman with a financial planning lesson. Kialeuka-Tiya is one of more than 50 Howard University students in town for the Alternative Spring Break program. (Photo: Nicole R. Harris) Howard University student and Alternative Spring Break Program Site Coordinator, Ayanna McFarland, engages the students on what college life is really like. Vibrant and passionate about the program, McFarland notes that, “This is just one ASB, this will not be the last time”. (Photo: Nicole R. Harris)

SEE TOUR ON PAGE 2

As long as most of us can remember, African-American communities have taught and believed that a college education is the key to social and economic advancement. But according to a new research and policy brief by Brandeis University scholars, that long-held belief is only one of several factors affecting Black America’s ability to build wealth. After Brandeis University’s Institute on Assets and Policies traced 1,700 working Americans households over 25 years, the researchers found that the wealth gap between white and African-American families nearly tripled, increasing from $85,000 in 1984 to $236,500 in 2009. For each dollar in income increase during these years, white wealth grew $5.19 while African-American wealth growth amounted to 69 cents. “Our analysis found little evidence to support common perceptions about what underlies the ability to build wealth, including the notion that personal attributes and behavioral choices are key pieces of the equation,” said the report by the Brandeis’ Institute on Assets and Social Policy (IASP). “Instead, the evidence points to policy and the configuration of both opportunities and barriers in workplaces, schools and communities that reinforce deeply entrenched racial dynamics in how wealth is accumulated and that continue to permeate the most important spheres of everyday life.” The report ranked the biggest drivers of America’s racial wealth gap: 1. Years of homeownership; 2. Household income; 3. Unemployment;

4. College education and 5. Inheritance/other financial support On average, white families became homeowners eight years earlier than African-American families. Oftentimes inheritance and other financial support favored families with pre-existing wealth. With more white families able to receive family financial

“Our analysis found little evidence to support common perceptions about what underlies the ability to build wealth, including the notion that personal attributes and behavioral choices are key pieces of the equation.” Report by the Brandeis’ Institute on Assets and Social Policy

assistance, make larger up-front payments for home purchases, they benefited from lowered interest rates and lending costs. By contrast, African-American homeowners were more likely to have high-interest, risky mortgages even when income and credit scores were comparable to those of whites. As labor market instability tended to affect African American more negatively than whites, accrued monetary assets became the vehicle to withstand the lack of income and eliminated many opportunities to invest to build wealth. As a result, AfricanAmerican mortgage borrowers became more than twice as likely to lose their homes to foreclosure. Brandeis also found that for white families, homeownership represents 39 percent of family wealth; but is 53 percent of African-American wealth. Because of historic differences in access to credit, the homeownership rate for white homeowners is also 28 percent higher than the same rate for SEE COLLEGE ON PAGE 2

New pope – the Memphis view Special to The New Tri-State Defender

by Dorothy Bracy Alston

Pastor Martin Orjianioke of Holy Names of Jesus and Mary Catholic Church began pastoring in his homeland of Nigeria. He also pastored in Germany before coming to Memphis, where on Wednesday he witnessed history unfold on television. Along with Pastor Orjianioke in Memphis, Catholics – and nonCatholics – watched as 76-year-old

- INSIDE -

• For African Americans, no change in unemployment. See Opinion, page 4. • Tigers mount up for C-USA Tournament run. See Sports, page 11. • AKA’s faithful settle in for ‘ATM’ Regional. See page 12.

MEMPHIS WEEKEND

FRIDAY

SATURDAY

SUNDAY

H- 7 3o - L - 5 6o Most ly Sunn y

H- 6 6o - L - 5 6o P a r tl y C l ou dy

H- 6 3o - L - 5 1o Most ly Clo ud y

REGIONAL TEMPS LITTLE ROCK NASHVILLE JACKSON, MS

Friday H-77 L-55 H-68 L-54 H-76 L-50

Saturday H-72 L-59 H-65 L-52 H-78 L-54

Sunday H-65 L-55 H-67 L-53 H-79 L-60

Cardinal Jorge Mario Bergoglio from Buenos Aires, Argentina was presented to the world as Pope Francis I. The naming of any pope is historic, but this was way beyond that. In a remarkably fast conclave, 115 cardinals made the decision to select the Catholic Church’s first pope from the Americas, the first from outside Europe, and the first Jesuit. “He is somebody from the new world,” said Pastor Orjianioke. “His election is an expression of the universality of the (Catholic) church and

that God’s promises will be fulfilled.” With much of the world literally trained on the square in Vatican City, the ascension of Pope Francis I brought closure after the surprising resignation of now retired Pope Benedict XVI, who last month (Feb. 28) became the first pope to resign in 600 years. “God heard the prayers of millions of Catholics who prayed for a pope. SEE POPE ON PAGE 7

Pope Francis I, formerly Cardinal Jorge Bergoglio (Photo: Vatican TV)

Meet the Yanceys – tight knit and focused on healthy living Special to The New Tri-State Defender

by Wiley Henry

The Yanceys could easily be the poster family for actually spending time together. They get together at the kitchen table for worship and meals. They even sing, dance and perform professionally as a family. They also exercise together, trying to stay physically fit to keep up with their demanding schedule. “We are a busy, revolving family. We’re just trying to stay active,” said Marcquinne Yancey, who married Johnny 30 years ago. They have three children – Annese, 22, Alaina, 20, and Nygel, 16 – and their most recent addition, 8-month-old grandson, Ari Marcell Yancey. Staying active includes working out and losing weight, which is why the Yanceys signed up for the Healthy Church Challenge 100-day weight lost competition when it launched on Feb. 2 at Mississippi Blvd. Christian Church. Johnny and the children also took

Annese (left), Alaina and Marcquinne Yancey perform an African dance while Nygel plays beats on the bongo drum at Spirit of Life Healing Wings International Church. Marcquinne says dancing helps to stay in shape. (Photo by Wiley Henry)

Healthy Church Challenge: A good start to a healthier lifestyle. See page 10.

out memberships at the Hope and Healing Center. Marcquinne did not. Instead, she decided she’d work out 30 minutes before work and 30 minutes after work at least three days a week. She is the deputy administrator at the Shelby County Division of Corrections. The Yanceys, members of Spirit of Life Healing Wings International,

also took the Challenge last year. Johnny, 57, lost 10.8 pounds; Marcquinne, 51, lost 13.7 pounds and hopes to lose at least 10 pounds during this Challenge. This time she is changing up her exercise regimen in the light of some health issues. “I’ve shortened my sessions,” she said. “I’m lifting weights and using the Stepper more and the vertical climber. It’s a total body workout.” Marcquinne’s eating habits have SEE YANCEYS ON PAGE 2

Homegoing services for Minerva J. Johnican – former Shelby County Commissioner, Memphis City Council member and Criminal Court Clerk – will be at noon Saturday (March 16) at Parkway Garden Presbyterian Church at 1005 E. Shelby Drive. Visitation will be from 4 p.m. to 8 p.m. on Friday. Ms. Johnican, who died last Friday (March 8) at Methodist University Hospital, was 74. M.J. Edwards Whitehaven has charge.

See Minerva J. Johnican: ‘Unbossed and Unbought’ on Opinion, page 4.


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