Archive for July, 2007

MetLife makes effort on multiculturalism (Investment News)

Friday, July 27th, 2007

NEW YORK — People of various races and nationalities may have similar investment and retirement concerns, but they often don’t have similar access to financial advice, according to MetLife Inc.The New York-based insurer is seeking to remedy that inequity — especially for baby boomer minorities — by training financial advisers and assisting them in establishing offices in communities where there is a dearth of financial planning services.

As part of its “multicultural” marketing, the insurer last month said that over the next three years, it will recruit 780 advisers — a 10% increase in its advisory force — mainly from universities and internship, fellowship and mentoring programs it sponsors, said Michael Vietri, executive vice president of MetLife. “The new advisers will have offices in neighborhoods with heavy concentrations of African-American, Hispanic, Asian and other minority residents,” he added.

Full story…

Bills target voter intimidation (Sacramento Bee)

Friday, July 27th, 2007

One day last October, Jose Solorio was sorting through his mail at his home in Orange County when he came upon a letter written in Spanish that stunned him.

The mailer — which he later learned was sent to 14,000 other naturalized citizens with Latino surnames — warned immigrants who vote they are committing a crime punishable by jail time and deportation.

As a Santa Ana city councilman, former state Senate fellow and graduate of Harvard University’s School of Government, Solorio knew that isn’t true.

Full story… 

Racial discrimination increases the risk of breast cancer for black women (Topcancernews.com)

Friday, July 27th, 2007

Black women who feel that they have been racially discriminated against are more likely than other black women to develop breast cancer, according to a study out of Howard University led by Dr. Teletia Taylor. The study was published in the American Journal of Epidemiology.

Taylor and colleagues tracked 59,000 black women over a period of six years. They found that participants who said they routinely experienced discrimination, whether “everyday” or “major”, had a higher risk of developing breast cancer than those black women who did not experience such discrimination. This link was stronger among women under the age of 50.

According to the researchers, more work is needed to further understand the relationship between racism and breast cancer.

New Survey Reveals that Half of Minorities Have Difficulties Paying for Healthcare (Associated Content)

Thursday, July 19th, 2007

A new survey by the Gallup Organization reveals that minorities in particular face a difficult time paying for their healthcare needs. Half of them reported that during the course of the past year, they did not have enough money to pay for their medical bills.

Recently, the CDC’s National Center for Health Statistics reported that approximately 43.6 million (14.8%) Americans did not have any health insurance in 2006. During the course of this year, 54.5 million (18.6%) also reported that they had been without insurance at least ounce in 2006 with 30.7 million (10.5%) stating that they had been without insurance for more than a year at the time of the survey. This new Gallup survey appears to corroborate many of these findings.

Full story… 

Marriott Breaks Ground on Its First Hispanic-Owned Hotel in Washington, D.C. (PR Newswire)

Thursday, July 19th, 2007

Marriott International, Inc. joins Washington, D.C. Mayor Adrian M. Fenty and the Hispanic Hotel Owners Association (HHOA) today to break ground on the first Hispanic- owned Marriott hotel in the District of Columbia. The soon-to-be 218-room Courtyard by Marriott, set to open in 2009, will be located in the new NoMA (North of Massachusetts Avenue) Business Improvement District and majority- owned by Robert Finvarb, Esq., of the Finvarb Group. Local business owners Craig Welburn of Welburn Hospitality, Dave Wilmot, Esq. of Harmon, Wilmot, Brown & Bagwell, LLP and local businessmen Thomas Hopkins and Dr. Barron Harvey; will also have partial ownership in the hotel.

Full story…

Study: Racial discrimination persists in mortgage loans (AP)

Thursday, July 19th, 2007

WASHINGTON – Higher income does not protect blacks and Hispanics from receiving mortgage loans with above-market rates, a new study by a group pushing for reforms to lending laws says.

The report, released Tuesday by the Washington-based National Community Reinvestment Coalition concludes that in 2005 blacks in 171 metropolitan areas were at least twice as likely as whites to receive expensive loans.

Full story… 

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