Russell Simmons Does Not Like The Way Bill Cosby Thinks About Our Youth

Thursday November 5th 2009

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I have to say all my life I have been a Bill Cosby Fan but I have to say the last few years I have found that Mr. Cosby has been a little negative when it comes to Hip Hop. Bossip.comis reporting that Russell Simmons recently went in on Bill Cosby who blasted the youth about being too violent in a new CD titled “Bill Cosby Presents the Cosnarati: State of Emergency.”

Russell said this in an open letter to Bill Cosby:

There are a lot of great entertainers who do great things. Bill Cosby is one of them. He has always used his voice to right what he thought was wrong. However, I believe that too often Mr. Cosby has wrongly placed the blame.

Bill Cosby is an example of someone from the older generation who has consistently blamed the poets and asked suffering community members to bear the full burden of guilt for the struggles that they endure. It is certainly not that he and the rest of the elders don’t care, because they do. In fact, their intentions are pure and good. All the things they say are actually true. What they don’

t understand is that the young people who they criticize did not create their own realities. They did not create the crumbling education system that we school them in. They did not create the drug epidemic and drug wars that have resulted in a dysfunctional family structure. They did not create the health care crisis that does not treat them. They did not create the culture of violence that they fall victim to.

While it is true that each one of us can make a change at any moment, it is equally true that at every minute we are all doing the best we can. If you knew better, you would do better. Therefore, those who care and have resources could/should work to create the kind of support systems that could inspire change.

Urban Clothing Lines Face Bankruptcy In Difficult Economy

Tuesday July 14th 2009

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baby_phat_c

This has to be a really sad day for people in fashion. I was on one of my favorite web sites Crunktastical.net  and  saw this story and new I had to post it. The world of hip-hop fashion may soon to take a hit in this difficult economy. According to “The Wall Street Journal,” Kellwood, the parent company for Baby Phat, Phat Farm and XOXO, could be forced into bankruptcy. A 140-million-dollar bond issue is due to mature on Wednesday. Kellwood is trying to restructure its debt and defer the bond, but bond holder Deutsche Bank isn’t cooperating. Kellwood purchased Phat Farm and Baby Phat from hip-hop mogul Russell Simmons for 142-million-dollars in 2004. The company currently has more than 500-million-dollars in debt and 800-million-dollars in annual sales.

Mark Ecko’s Ecko Enterprises is also busy trying to satisfy creditors. The company is headquarted in a 275-thousand square-foot New York office space that costs nine-million-dollars per year. Ecko has placed the space on the market with the hopes of paying off his company’s 170-million-dollar debt to CIT Group and Li & Fung USA.