Webmaster Note: Michael Rowett serves as the Chairman of Arkansans Against Abusive Payday Lending (AAAPL) on behalf of Southern Good Faith Fund, an affiliate of Southern Bancorp.

Highlights
Payday loans often create more problems than they solve.
Banks, credit unions offer alternatives for tapping quick cash.
Credit counselors can rearrange finances to free up money.

The recession drags on, and many consumers facing financial emergencies are looking for quick cash. For years, payday lending — in which borrowers get small loans to tide them over until the next payday — has been a popular option.

Currently, there are about 22,000 storefront payday loan stores nationwide, according to the Consumer Federation of America in Washington, D.C. On average, the industry makes $40 billion in loans and collects $6 billion in finance charges from borrowers each year.

But taking out a payday loan isn’t necessarily a smart financial move for the borrower.

Helena-West Helena to host events, outline black history exhibits.

Leaders will unveil a plan Saturday to showcase the city’s Civil War history.The plan, created by the firm Mudpuppy and Waterdog Inc., of Versailles, Ky., will include interpretations of 29 Civil War sites in Phillips County. Besides the plan’s unveiling, the city will host a number of events that are free and open to the general public.

KIPP Delta’s expansion plans supported by Walton Foundation

KIPP announces that Maisie Wright, one of 17 KIPP Fisher Fellows for 2009-10, will open a new public charter school in the Arkansas Delta. The Fisher Fellowship, which prepares aspiring principals to open and run new KIPP schools, is a yearlong leadership-training program that begins this month with a summer Institute at New York University. KIPP Delta is also announcing an opportunity to three Delta communities to sponsor this new KIPP school.

There will be an introduction of the Helena-West Helena Civil War research and implementation plan Saturday July 19th from 9am – 5pm.

The opening ceremony will start at 9am on the future site of Freedom Park on South Biscoe St. in Downtown Helena.

July 7, 2009

Civil War Interpretation Plan to be Introduced; Civil War Activities Planned Throughout the Day

“Future years will never know the seething hell and the black infernal background, the countless minor scenes and interiors of the secession war; and it is best they should not. The real war will never get in the books.” Walt Whitman

In early 1861, the United States began falling apart. Many point the finger of blame toward slavery; others believe states’ rights to be the impetus. Regardless the catalyst, the next four years would be burdened with strife, death, discord, and controversy. With an estimated 600,000 men losing their lives, the four-year episode marks the deadliest period in the history of the United States.

More Arkansans who are finding it tougher to make ends meet than most could get the help they need thanks to the Winthrop Rockefeller Foundation.

WRF recently awarded $125,000 to Southern Good Faith Fund (SGFF), an affiliate of Southern Bancorp, for a program aimed at helping low-income Arkansans.

Over the last decade, career pathways has emerged as a strategy to increase access to postsecondary training and education as well as improve educational attainment for low-income and low-skill adults. Defined as a framework, career pathways are “a series of connected education and training programs and support services that enable individuals to secure employment within a specific industry or occupational sector, and to advance over time to successively higher levels of education and employment in that sector.”1 Blending multiple elements that range from redesigning curricula and programs that lead to an industry-recognized credential to aligning the various missions of a community college and providing case management and wrap-around support services, career pathways are an important vehicle for the economic advancement of adults living at the economic margins.

Grameen Bank and microfinance guru Muhammad Yunus came to America just a year ago with ideas—and success stories—on how the poor can survive a credit crunch.

On June 17, 2009, Senator Blanche Lincoln announced her intent to introduce Child Account legislation this fall, ‘Adding the Kids’ to the Nation’s savings agenda. The Child Accounts Act of 2009 would create savings accounts for every child born in the United States. Such a system of universal Child Accounts would give every young adult a financial spring board to launch themselves into a more financially secure life and would help to develop a more financially secure society.

A new Boys & Girls Club will open in Arkadelphia later this year.

The Boys & Girls Club of Clark County will be a chartered member of the national club. Geared toward young teenagers, mentors will be available after school and on weekends for club members.