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5 Scams And Rackets That Can Turn You Into A 21st-Century...

AFRICANGLOBE - In 1867, the U.S. Congress passed the Peonage Abolition Act, ostensibly ending indentured servitude. A century-plus later, the Supreme Court ruled in Bearden v. Georgia that courts cannot imprison a person for failure to pay a criminal fine unless the failure to pay was “willful.” Yet today, failure to pay a parking ticket can trap you in a life of peonage and even land you in jail.

Credit Card Debt Threatens Black Middle Class

AFRICANGLOBE - Middle-class Blacks are using credit to help cover their basic living expenses, according to a report from the NAACP and public policy research organization, Demos. In the recession’s aftermath, 79 percent of middle-class African-American households carry credit card debt.