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CONSORTIUM OF DOCTORS BANQUET • JULY 24,2010 7PM, • HYATT REGENCY
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Week of July 21,2010 - July 27,2010 • Vol. 38 No. 21 • www.savannahtribune.com • 912-233-6128 • Fax: 912-233-6140
Groundbreaking for Food Lion and
New Carver State Bank
T he public is invited to
the Groundbreaking
Ceremony for an
exciting new commercial
development that could sig
nal a new era for the Martin
Luther King, Jr. Boulevard
Corridor. The Ceremony will
be held at 10:00 a.m. on
Thursday, July 22, 2010, at
701 Martin Luther King, Jr.
Blvd.
After almost 35 years,
the old Carver State Bank
building on Martin Luther
King, Jr. Blvd. will be
cleared to make way for a
development that will
include a new office for the
bank and a Food Lion super
market.
During the construction
of the new project, Carver
will continue to serve its cus
tomers in the area from a
temporary banking facility
next door to the construction
site at the rear of St. Philip
A.M. E. Church. The bank's
Robert E. James, Carver
mailing address and tele
phone numbers will be
unchanged.
This project could sig
nal a transition for an entire
section of Savannah that has
been bypassed by significant
investments since Carver
State Bank moved to the area
State Bank President
in 1975. Unlike Broughton
Street and the northern end
of Martin Luther King, Jr.
Blvd., the other sections of
this historic corridor have
not been enhanced by any
major capital infusion and
redevelopment.
This new development,
called Carver Commons, enjoys
the support of a broad array of
community leaders, and during
a host of public meetings
reviewing the project plans,
there has been no opposition.
Both the Savannah Historic
District Board of Review and
the Zoning Appeals Board
unanimously approved the pro
posed new development. Rev.
Dr. John Foster, Pastor of St.
Philip A. M. E. Church, called
the project a blessing for his
Church, Carver State Bank and
the entire community. He said
that the area surrounding St.
Philip and Carver is an urban
“food desert” with a lack of
affordable, high quality nutri
tious food choices and a high
incidence of chronic health
issues that can be mitigated
with more healthful food
options. He added that this new
development will create jobs
and bring a quality provider of
See Commons, pg. 11
Wall Street and Bank Reform Passes
Senate, Heads for Obama Signature
By Pharoh Martin
NNPA National
Correspondent
The U. S. Congress last week
finally passed the most sweep
ing legislation on bank and
Wall Street reform in 70 years.
The financial reform bill pro
vides tougher regulations on
banks and financial institutions
and additional protections for
consumers, many of which
directly benefit African-
Americans.
The Dodd-Frank Wall
Street Reform and Consumer
Protection Act was a response
to the severe downturn of the
U.S. economy during which
“too big to fail” institutions
like AIG and Lehman Brothers
nearly uprooted America's
whole financial system two
years ago with underhanded
business practices.
Under the new legisla
tion, the federal government
now has the power to break up
large failing financial compa
nies and banks. It establishes
an Office of Minority and
Women Inclusion to ensure
diversity, and introduces a new
oversight agency that will reg
ulate the industry and establish
President Barack Obama
consumer safeguards.
“It provides certainty to
everyone from bankers to
farmers to business owners to
consumers. And unless your
business model depends on
cutting comers or bilking your
customers, you have nothing
to fear from this reform,”
Obama said at a press confer
ence on the White House south
driveway. "It demands
accountability and responsibil
ity from everybody.
"For all those Americans
who are wondering what Wall
Street reform means for you,
here’s what you should expect.
If you’ve ever applied for a
credit card, a student loan, a
mortgage, you know the feel
ing of signing your name to
pages of barely understandable
fine print. It’s a big step for
most families, and one that’s
often filled with unnecessary
confusion and apprehension.
As a result, many
Americans are simply duped
into hidden fees and loans they
just can’t afford by companies
who know exactly what
they’re doing."
Provisions of the bill
also include:
-The creation of the
Consumer Financial
Protection Bureau;
- Additional assistance for
homeowners;
- More funding for the
Neighborhood Stabilization
Program, which helps home-
owners who are at risk of fore
closure and provides low inter
est loans to unemployed
homeowners who are having a
difficult time keeping up with
their mortgage payments.
Under the legislation, the pro
gram will receive an additional
$1 billion in funding and an
additional $2 billion in funding
from the Treasury Department;
- Safeguards that ensure fair
access, treatment and regula
tions for racial minorities,
women and low-income work
ers, including ensuring diversi
ty in hiring and job promotions
at federal financial regulatory
agencies and in their contract
ing with the creation of the
Office of Minority and Women
Inclusion.
DeWeever Named
Executive Director
of NCNW
Dr. Avis Jones-DeWeever
Dr. Barbara L. Shaw,
National Council of Negro
Women (NCNW) Chair, and
the Executive Committee
have announced the appoint
ment of Dr. Avis Jones-
DeWeever as NCNW's
Executive Director.
Since September 2007,
Dr. Jones-DeWeever has
been Director of NCNW's
Research, Public Policy and
Information Center. She is
the author of numerous pub
lications focused on policy
issues of particular impor
tance to African American
Women.
Her policy perspectives
have been shared through a
variety of print, radio, and
television outlets including:
CNN, ABC News Now,
Voice of America Television,
the Canadian Broadcasting
Corporation (CBC) News,
National Public Radio,
Pacifica Radio, America
Urban Radio Network, BBC
Radio-International,
Glamour Magazine, Essence
Magazine, the New York
Times, the Washington Post,
and Vital Speeches of the
Day.
Dr. Jones-DeWeever
received her Ph.D. in
Government and Politics
from the University of
Maryland, College Park.
She serves on the Board
of Directors of Women's
Voice; Women's Vote; Action
Fund; and is an affiliated
Scholar with the Institute of
Women's Policy Research.
Inside This Week’s Edition:
Local Artist to Present Artshow, pg. 2
Grant Supports Student Literacy, pg. 3
United Way Seeks Volunteers, pg. 4
SCAD Grad on Project Runway, pg. 7
Habitat For Humanity’s ReStore Opens, pg. 8
Little Mr. & Miss Omar Extravaganza, pg. 10
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