(CNNMoney) — The wealth gap in the United States has grown wider in the wake of the Great Recession, with black and Hispanic American households faring much worse than white households, according to a study published Tuesday.
Household wealth is defined as the sum of a family’s assets minus the sum of its debts. The study defines assets as homes, cars, savings and financial investments, while debts include mortgages, auto loans and credit card debt, among other things.
Based on data from the Census Bureau, the study highlights how blacks and Hispanics have been disproportionately affected by the collapse of the housing market, the financial crisis and the recession that marked the period from 2005 to 2009.
According to the study, the inflation-adjusted median wealth among Hispanic households fell 66% from 2005 to 2009. Black households suffered a 53% drop in net worth over the same period. By contrast, whites saw a decline of 16% in household wealth.
In 2009, the typical black household had just $5,677 in wealth. Hispanic families had about $6,325 in wealth. The average white household had a net worth of $113,149.
VIDEO OF THE YEAR:
1. Adele – “Rolling in the Deep”
2. Tyler, The Creator – “Yonkers”
3. Katy Perry – “Firework”
4. Beastie Boys – “Make Some Noise”
5. Bruno Mars – “Grenade”
BEST NEW ARTIST:
1. Foster the People – ” Pumped Up Kicks”
2. Wiz Khalifa – “Black and Yellow”
3. Tyler, The Creator – “Yonkers”
4. Big Sean featuring Chris Brown – “My Last”
5. Kreayshawn – “Gucci Gucci”
BEST HIP-HOP VIDEO:
1. Wayne featuring Cory Gunz – “6′7″
2. Kanye West featuring Rihanna and Kid Cudi – “All Of The Lights”
3. Chris Brown featuring Lil Wayne and Busta Rhymes – ” Look at Me Now”
4. Lupe Fiasco – “The Show Goes On”
5. Nicki Minaj – “Super Bass”
BEST MALE VIDEO:
1. Cee Lo Green – “F*** You”
2. Eminem featuring Rihanna – “Love The Way You Lie”
3. Bruno Mars – “Grenade”
4. Kanye West Featuring Rihanna and Kid Cudi – “All Of The Lights”
5. Justin Bieber – “U Smile”
BEST FEMALE VIDEO:
1. Adele – ” Rolling In The Deep”
2. Katy Perry – “Firework”
3. Beyonce – “Run The World (Girls)”
4. Nicki Minaj – “Super Bass”
5. Lady Gaga – “Born This Way”
BEST POP VIDEO:
1. Adele – “Rolling In The Deep”
2. Bruno Mars – “Grenade”
3. Britney Spears – “Till The World Ends”
4. Katy Perry – “Last Friday Night (T.G.I.F.)”
5. Pitbull featuring Ne-Yo, Nayer & Afrojack – “Give Me Everything”
BEST ROCK VIDEO:
1. The Black Keys – “Howlin For You”
2. Foo Fighters – “Walk”
3. Foster the People – “Pumped Up Kicks”
4. Mumford & Sons – “The Cave”
5. Cage The Elephant – “Shake Me Down”
BEST COLLABORATION:
1. Pitbull featuring NE‐YO, Nayer & Afrojack – “Give Me Everything”
2. Chris Brown featuring Lil Wayne and Busta Rhymes – “Look At Me Now”
3. Kanye West Featuring Rihanna and Kid Cudi – ” All Of The Lights”
4. Katy Perry Featuring Kanye West – “E.T.”
5. Nicki Minaj featuring Drake – ” Moment 4 Life”
BEST ART DIRECTION:
1. Adele – “Rolling In The Deep”
2. Katy Perry featuring Kanye West – ” E.T.”
3. Lady Gaga – “Judas”
4. Kanye West featuring Dwele – “Power”
5. Death Cab For Cutie – ” You Are A Tourist”
BEST CHOREOGRAPHY:
1. Beyonce – “Run The World (Girls)”
2. Britney Spears – “Till The World Ends”
3. Lady Gaga – “Judas”
4. Bruno Mars – “The Lazy Song”
5. LMFAO featuring Lauren Bennett & Goon- “Rock Party Rock Anthem”
BEST CINEMATOGRAPHY:
1. Adele – “Rolling In The Deep”
2. 30 Seconds To Mars – “Hurricane”
3. Eminem featuring Rihanna – ” Love The Way You Lie”
4. Katy Perry – “Teenage Dream”
5. Beyonce – “Run The World (Girls)”
BEST DIRECTION:
1. Adele – “Rolling In The Deep”
2. Katy Perry featuring Kanye West – “E.T.”
3. Eminem featuring Rihanna – “Love The Way You Lie”
4. 30 Seconds To Mars – “Hurricane”
5. Beastie Boys – ” Make Some Noise”
BEST EDITING:
1. Katy Perry featuring Kanye West – “E.T.”
2. 30 Seconds To Mars – “Hurricane”
3. Adele – ” Rolling In The Deep”
4. Manchester Orchestra – “Simple Math”
5. Kanye West Featuring Rihanna and Kid Cudi – “All Of The Lights”
BEST SPECIAL EFFECTS:
1. Katy Perry featuring Kanye West – “E.T.”
2. Linkin Park – “Waiting For The End”
3. Manchester Orchestra – “Simple Math”
4. Kanye West featuring Dwele – “Power”
5. Chromeo – ” Don’t Turn The Lights On”
The Harry Potter series set a record at the Box Office this weekend scoring $169.2 million at the US and Canada Box Office and an all time record of $481.5 million globally! Wowzers!
Movie Title Weekend Gross at the Box Office
Harry Potter and Deathly the Hallows pt 2 $169 million
The Dark Knight $158 million
Spider-Man 3 $151 million
The Twilight Saga: New Moon $142 million
Pirates of the Caribbean: Dead Man’s Chest $135 million
Checkout this useful video for any independent artist thinking of signing with a major label.
GWOP Magazine staff works directly with indie artists on a daily basis, this video provides valuable information on how major artists are pretty much in debt to their label after selling 1 million copies (which is above average in 2011). For example, Beyonce’s latest album 4 only sold approximately 300k copies the first week of its release. Watch full video below:
*Note: The video shows how an artist can still owe money after going platinum. These numbers are estimated and artists don’t all have the same deals.
S/O to ALL the INDIE Artists out there making it happen in 2011. #Pro Indie
Forbes, recently released a list of the top paid actresses in Hollywood. The list may suprise you. Guess how many woman of color are on the list of highest paid actresses in Hollywood of 2011? Full list after the jump.
The GodFather of Gangster rap Oshea Jackson aka Ice Cube goes Behind the Music with VH1. Cube is an American rapper, actor, screenwriter, film director, and producer. He began his career as a member of C.I.A. and later joined the rap group N.W.A. After leaving N.W.A in December 1989, he built a successful solo career in music, and also as a writer, director, actor and producer in cinema.
