February 26, 2010

Black Women Entrepreneurs on the Rise

Educated Black Woman Pictures, Images and Photos

These women have carved out niches for themselves in their respective fields, while creating new million dollar enterprises. NO LONGER RELEGATED SOLELY TO SUCH traditional business as catering, child care and hair care, women entrepreneurs are now thriving in fields where few women have gone before--from engineering to construction to computer design. Many of these trend setters and trailblazers are doing more than just holding their own in these male-dominated industries: Their businesses are generating millions of dollars in revenues and employing hundreds of people.

In fact, women own more than 30% of the 21 million businesses in the country. Their earnings are rising twice as fast as the rate of all other companies, according to the National Association of Women Business Owners in Silver Spring, Maryland. These women-owned businesses currently employ one-quarter of America's entire workforce.

Despite these newsworthy breakthroughs, black women business owners, with their bold and inspiring success stories, have not been given their due. Even in publications designed to highlight the achievements of women in business, black women are sorely underrepresented.

Against this backdrop, BLACK ENTERPRISE profiles seven women whose enterprising instincts and results simply cannot be overlooked. Their businesses range from floral design to nuclear engineering. Each has been in business for between three and 10 years, and has annual sales of at least $1 million and 10 or more employees. They have all dodged a different set of slings and arrows to establish their unique niche in the marketplace. Sharing that never-say-die entrepreneurial spirit, they aim to reach the top of their field--and are all well on their way.

By: Margie Lewis

Bottom line on health care summit: Dems push ahead

WASHINGTON – President Barack Obama strongly signaled that Democrats will move forward on a health care overhaul with or without Republicans, preparing his party for a fight whose political outcome will rest with voters in November.

Delivering his closing argument at a 7-1/2-hour televised policy marathon Thursday, Obama told Republicans he welcomes their ideas — even ones Democrats don't like — but they must fit into his framework for a broad health care remake that would cover tens of millions of uninsured Americans.

That's the deal.

It's a gamble for Obama and his party, and it's far from certain that Democratic congressional leaders can rally their members to muscle a bill through on their own. At stake are Democrats' political fortunes in the midterm elections and the fate of Obama's domestic agenda pitted against emboldened Republicans.

"The truth of the matter is that politically speaking, there may not be any reason for Republicans to want to do anything," Obama said, summing up. "I don't need a poll to know that most Republican voters are opposed to this bill and might be opposed to the kind of compromise we could craft.

"And if we can't," he added, "I think we've got to go ahead and some make decisions, and then that's what elections are for. "

To the nearly 40 lawmakers in the room with him, the message was unmistakable.

"Frankly, I was discouraged by the outcome," said Senate Republican Leader Mitch McConnell of Kentucky. "I do not believe there will be any Republican support for this 2,700-page bill."

Democratic leaders — who preside over majorities in both chambers_ were having none of that.

"It's time to do something, and we're going to do it," said Senate Majority Leader Harry Reid of Nevada.

Still, no participant publicly called the daylong exercise a waste of time. Despite flare-ups now and then, they had a remarkably civil debate on an issue that has divided Americans and polarized political partisans.

Sen. John McCain said Friday that Republicans are still willing to negotiate changes in the health care system with Obama, but only on a "step-by-step" basis.

McCain said on ABC's "Good Morning America" he believes the White House summit on the medical care system was beneficial and many people learned a lot from it.

But he also said it is time "to start over. What we're saying is, let's start out on the areas we agree upon." The Arizona Republican said the GOP would be "seriously interested" in negotiating a less complex, less sweeping health care bill with the Obama administration.

Obama's plan would require most Americans to get health insurance, while providing subsidies for many in the form of a new tax credit. It would set up a competitive insurance market for small businesses and people buying coverage on their own. Other changes include addressing a coverage gap in the Medicare prescription benefit and setting up a new long-term-care insurance program. The plan would be funded through Medicare cuts and tax increases.

At the summit, there were some areas of agreement, including barring insurers from dropping policyholders who become sick, ending annual and lifetime monetary limits on health insurance benefits and letting young adults stay on their parents' health policies into their mid-20s or so.

Sen. Ron Wyden, D-Ore., who has a track record of working across the political aisle, said he would try to broaden common ground. Obama said he was willing to incorporate medical malpractice changes into his plan.

Yet on the core issues of how to expand coverage and pay for it, the divide was as wide as ever. Democrats argue a stronger government role is essential, and with it higher taxes and new rules for private companies.

"We have a very difficult gap to bridge here," said Rep. Eric Cantor of Virginia, the No. 2 House Republican. "We just can't afford this. That's the ultimate problem."

A Democrats-only strategy is no slam-dunk. The House would have to pass a Senate bill that many House Democrats find unacceptable. Indeed, House Democrats appear to hold the key to the success of Obama's gambit.

To make the Senate bill more palatable to the House, both chambers would pass a package of changes. In the Senate, that would be done under special budget rules allowing majority Democrats to get around the requirement for 60 votes to shut off bill-killing filibusters. Democrats are one vote shy.

Sen. Lamar Alexander, R-Tenn., asked Democrats to swear off the tactic, known as "reconciliation." Reid defended it.

Obama said Americans want a decision on health care, and most think "a majority vote makes sense."

Yet a USA Today/Gallup survey released Thursday found Americans tilt 49-42 percent against Congress passing a health care bill similar to the ones proposed by Obama and Democrats in the House and Senate. Opposition was even stronger to the idea of Senate Democrats using the special budget rules, with 52 percent opposed and 39 percent in favor.

Congressional aides said top Democrats will take a few days to gauge the summit's impact on the public and, perhaps more importantly, on moderate House members who will likely determine whether any health care bill will pass.

If the effort fails, Democrats may try a scaled-back plan to insure about 15 million more Americans, rather than the 30 million covered under the congressional bills. Among other things, the fallback plan would require insurance companies to let people up to age 26 stay on their parents' health plans.