Will Black Colleges Survive the Economic Downturn?

Two articles caught by eye today.

Charles Drew University of Medicine and Science is laying off 10% of its faculty and staff according to the February 7th edition of the Los Angeles Times.

And the Atlanta Journal-Constitution reported on the same day that Clark Atlanta University is cutting 70 faculty and 30 staff positions.

Blacks save far less money in 401(k) plans than whites

From the Indianapolis Recorder, http://www.indianapolisrecorder.com/articles/2007/11/29/news/national/news01.txt

Investors Concerned as Radio One’s Stock Price Falls Under Two Dollars Per Share

From Emerging Minds, http://www.emergingminds.org/magazine/content/money.php?itemid=5546

Income Gap Between Black, White Families Grows

“One reason for the growing disparity: Incomes among black men have actually declined in the past three decades, when adjusted for inflation. They were offset only by gains among black women.”

Brookings Institute Report, http://www.brookings.edu/papers/2007/11_blackwhite_isaacs.aspx

Reported in MSNBC, http://www.msnbc.msn.com/id/21759075/