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---Telecommunications industry gets an average Grade
of 'C' from the NAACP---Doing business with
African American-owned media and vendors continues to
remain a challenge for the multi-billion dollar telecommunications
industry, according to a survey by the National Association
for the Advancement of Colored People (NAACP). While
five of the nation's major telecommunications corporations
received a grade of "B" on the NAACP 2002
Telecommunications Industry Report Card, the overall
grade for the 10 companies surveyed was a "C."
Kweisi Mfume, NAACP president & CEO said: "It
is disappointing to see the industry continue to receive
the same grades it received on our last telecommunications
report card in 1998. These companies continue to do
poorly when it comes to advertising and marketing through
African American-owned media and vendor development."
The industry overall received a grade of "D"
for advertising/marketing and a "D-plus" for
vendor development. The highest overall grade was a
"B" for charitable giving. In this category,
six of the companies received an "A," and
two received a "B-plus. Two of the companies surveyed,
Excel and Qwest, were given an "F" for failure
to respond to the survey. "We will continue to
urge African American consumers to spend their money
with companies that receive high grades on our survey
and to not spend money with companies with poor or failing
grades," Mfume said. "Despite a decline in
growth in the telecom industry and a slowing of the
economy, we would hope the industry would be more responsive
in the areas of vendor development and minority- owned
media." The report card is based on data from the
companies that respond to a questionnaire. The 10 telecom
companies that were graded this year include long distance
carriers, regional bell systems and cellular companies.
The NAACP issued grades to the following companies:
Bellsouth - B; Verizon - B; AT&T - B; SBC Communications
- B; WorldCom - B; Cincinnati Bell - B-; Alltel - B-:
Sprint - C-plus; Excel - F; Qwest - F. NAACP Economic
Reciprocity Initiative (ERI) was launched in 1996 as
a measuring tool to help consumers make informed choices
about where to spend and/or invest their dollars. ERI
partners include 55 supporting organizations, civil
rights groups, fraternities and sororities, black-owned
newspapers, and religious organizations; these include
Black Enterprise magazine, Blacks in Government, Jack
& Jill of America, Inc., the National Bar Association,
National Black Media Coalition, National Council of
Negro Women, Congressional Black Caucus Foundation and
the National Newspaper Publishers Association. The ERI
report card is widely distributed to all NAACP units
and members of supporting organizations, civil rights
groups, government agencies and other associations to
be used as a reference in making informed choices about
which telephone services to use.
---Major national banks lag behind
in diversity---
The National Association for the Advancement of Colored
People (NAACP) issued an overall grade of C to the nation's
leading banks for their economic diversity practices.
The C-rating falls between "needs improvement and
poor" on the NAACP 2002 Banking Industry Report
Card, an aspect of the Association's Economic Reciprocity
Initiative (ERI). Kweisi Mfume, NAACP president &
CEO said: "The grades released indicate that the
country's multi-billion dollar banking industry needs
to become more responsive to African-American consumers.
Sweeping improvements must be implemented in the areas
of employment and conducting business with black-owned
firms as vendors and through marketing and advertising.
The days have long gone when merely sponsoring community
events or buying a table at a charity dinner is adequate
corporate responsibility in terms of opening the doors
of opportunity to provide economic equality." The
financial institutions were graded in five categories
and received an overall grade of A- for community service,
B for charitable giving, a C in both employment and
advertising/marketing and a D-plus in vendor development.
The 11 bank holding companies surveyed include large
commercial banks with full-service branch operations
and revenues of at least $5 billion. This is the NAACP's
second banking report card. The first was issued in
2000. Although Bank of America earned the highest overall
grade of a B-, it scored lower this year than in 2000.
Two other institutions, Wachovia and JP Morgan &
Chase, received an overall B-, which is an improvement
over their score of C in 2000. Five banks earned an
overall C grade, while three received C-ratings. Mfume
said: "This industry's poor grades are a serious
indication of the barriers that stymie economic reciprocity
within communities of color. It is disappointing that
fair access and equal treatment are still not yet a
reality within the banking industry." The NAACP
strongly urges people of color and supporting organizations
to avoid spending and/or investing their dollars with
the banks that earned poor or failing grades. The NAACP
along with its 55 national co-sponsoring partners will
make the report card available to groups and individual
consumers on a nationwide basis.
---New York: Circle of Sisters gathering
is truly inspirational---
Congrats to New York's 107.5 WBLS-FM and 1190 WLIB-AM
for creating Circle of Sisters - an event that unites
women of color, and many men as well. This year's 4th
Annual event offered many opportunities for women to
explore business opportunities, get financial advice
and learn more about health, fitness and relationships.
Women shared their stories in seminars, visited the
vendor booths bearing goods and services from a diverse
base of firms, and also attended events with celebrities
and authors. Some of the great vendors who participated
include the following:
1) Barry L. Fletcher, world-class hair designer
and author of the book: Why Are Black Women Losing
Their Hair?: The First Complete Guide to Healthy Hair.
For books, call 301-336-0604
2) Bea Joyner, author of "Don't Need No Soaps,
My Life is Soap Enough" For a book, call 215-871-0937.
3) NV magazine, go to www.NVmagazine.com
4) Elton Tucker, the artist who created the Circle
of Sisters logo, "Sisterhood:
5) C&B Books who presented the African American
authors book fair
6) BlackeventsCentral.com,
your internet source for event information for the African
American community. Stay tuned for more information
regarding a strategic relationship with UnityFirst.com.
7) Right On Magazine's Cynthia Horner
8) NubianHeritage.com
which offers bath salts, lotions and scrubs
9) Purr-Fect Engravers, to personalize gifts
10) www.blackexpressions.com
, for getting connected through books
11) The KIP Business Report, for leaders of the
new urban economy
12) Terrie Williams' Stay Strong Foundation
13) Career Expert Network, for coaching and resumes
14) www.pathfinderstravel.com
, the travel magazine for people of color
15) Black Issues Book Review
16) Here I Yam, sweet potato desserts
17) Cathy Howse, Ultra Black Hair products and hair
growth solutions
18) Tangemayo, specializing in crystal and beaded
head wear
19) Stix Furs, Inc., Harlem, USA
20) Zelda Robinson, Professional Women's EmPOWERment
Network
21) Natural Hair Design, Nu Loc & Chop Inc Hair
Spa
22) Nina's Nuances, Inc, interior design and
consulting
23) Kunta Kenta Kitchen Curtains, African print
window treatments
---Motown Records issues $10,000
challenge to HBCUs---
Historically Black Colleges and Universities' marching
bands are known for high-stepping, high-energy and soulful
performances. In recognition of this beloved tradition,
Motown Records CEO/President, Kedar Massenburg announces
the first-ever record company sponsored $10,000 marching
band contest for HBCU bands. The unprecedented promotion
began on September 5th and is scheduled to end December
6th. The competition is part of a marketing initiative
to promote the eagerly anticipated new album from Motown's
sexy R&B trio 702. The album, entitled STAR, is
scheduled to drop on Tuesday, December 10th nationwide.
The winning school's band will be selected by December
13th and will be awarded $10,000 cash as well as an
on-campus appearance by the singing group 702. To qualify
for the contest, participating HBCU marching bands must
perform an original arrangement of "Star"
- the first single and title track from the new 702
album - during the school's Homecoming half-time show
performance.
---Incarceration of African Americans
in Chicago---
Chicago-area policymakers, employment and training providers
and foundations will convene for an incisive and timely
conference to examine the shocking disparity between
Illinois' high commitment to incarceration and its low
commitment to helping ex-prisoners re-enter society
-- especially the job market. Titled "The Costs
of Mass Incarceration and Ex-Offenders' Struggle for
Employment in Chicago and Illinois: A Fall Conference,"
the multi-session symposium will be held on Monday,
October 28 at the Chicago Urban League, 4510 S. Michigan
Ave. from 9:00 a.m. until 4:30 p.m. During the conference,
an important eight-part study by the Chicago Urban League
will be presented. It details never-before-released
findings on the dramatically elevated significance the
criminal justice system plays in perpetuating and deepening
poverty in the African American community and the consequential
lack of economic development.
---Send your news, events and press releases to editors@unityfirst.com!
---
For more information on African American Newswire, a
national press release distribution service targeting
the diverse press or UnityFirst.com, call 413-734-6444
or send email to editors@unityfirst.com.
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