- Author: Los Angeles Times by Frank Shyong
If you've ever been to a Cambodian-owned doughnut shop, fried chicken restaurant or jewelry store, there's a good chance it was financed by a tontine.
In Cambodia, “tontine” is the name given to a rotating savings and credit association, or ROSCA, an ancient practice that has different versions all over the world. The general concept is that by contributing to a monthly pool that pays a lump sum to a single member, people can make and receive loans as well as earn interest on savings.
The lending circles are especially prevalent in the Cambodian community, where many people don't use banks because of language barriers and a distrust of institutions caused by genocide and economic instability in the...
- Author: nbcnews.com by Suzanne Gamboa
In the next presidential election, 32 million Hispanics will be eligible to vote, just slightly more than the 30 million voters who are black.
For the first time, Hispanics are on track to be the largest racial or ethnic group to be eligible to vote in a presidential election, according to data on the 2020 electorate released Wednesday by the Pew Research Center.
By 2020, 32 million Hispanics will be eligible to vote, just slightly more than the 30 million voters who are black. For Asians, the population is expected to be about 11 million, more than double what it was in 2000.
According to Pew, Hispanics are projected to be about 13.3 percent...
- Author: Dennis Horton of the Rockford Regional Office of Better Business Bureau
I attended a day-long, annual Consumer Protection Conference in Madison. It's called “Common Ground” and is hosted, in part by, the Federal Trade Commission. Attending the meeting, along with representatives from Better Business Bureau offices in Illinois, Wisconsin, Iowa, and Michigan were representatives from Attorneys General offices across the Midwest. This year, there were also representatives from the NAACP, the Hmong American Peace Academy, and the League of United Latin American Citizens.
The entire morning was dedicated to addressing fraud and in particular how it impacts minority communities. In 2015 an FTC Study revealed an estimated 10.8 percent of U.S. adults – roughly 25.6 million people –...
- Author: USNEWS.com by Glynn A. Hill
A new poll by The Associated Press finds black millennials say they are just as engaged in getting news online as their white counterparts, further debunking a long-held belief that people of color are at risk of being left behind technologically.
In general, 64 percent of millennials say they read and watch news online regularly, including 66 percent of blacks, according to the poll, conducted by the Associated Press-NORC Center for Public Affairs Research and the American Press Institute. Sixty-five percent of white millennials say they keep up with the news online, while 53 percent of Hispanics do the...
- Author: http://www.pewresearch.org
A milestone is expected to be reached this fall when minorities outnumber whites among the nation's public school students for the first time, U.S. Department of Education projections show. This is due largely to fast growth in the number of Hispanic and Asian school-age children born in the U.S., according to a Pew Research Center analysis of Census Bureau data.
A steady demographic change over the years has resulted in a decline in the number of whites in classrooms even as the total number of public school students has increased. In 1997, the U.S. had 46.1 million public school students, of which 63.4% were white. While whites will still outnumber any single racial or...