Andre Ward retires from boxing at age 33

Pound-for-pound king and unified light heavyweight world titleholder Andre Ward said in a statement on his website that he is "leaving" boxing.

"I want to be clear -- I am leaving because my body can no longer put up with the rigors of the sport and therefore my desire to fight is no longer there," the statement said. "If I cannot give my family, my team, and the fans everything that I have, then I should no longer be fighting."

On Thursday, the 33-year-old Ward (32-0, 16 KOs) told First Take more about the thought process behind his decision to retire.

"People see what I do fight night," he said. "They see under the lights, but they don't see the toil, they don't see the grind, they don't see just the pain, the physical pain that you go through, not just in the fights, but to prepare and to get ready for those battles."

He added: "I felt the physicality of the sport -- not just in-the-ring stuff, but the training and the preparation -- start to take its toll on me for the last two or three years, and I bit down and continued to push through. And at this point, it's time, and I know it's time."

Read more: With desire to fight gone, Andre Ward retires from boxing

Trump's pick for head of HBCU initiative lacks experience in academia or government

President Trump's pick to lead the White House Initiative on Historically Black Colleges and Universities fits the mold of many of the administration's key appointments.

Like many administration officials, Johnathan Holifield, a speaker and consultant named executive director of the HBCU Initiative Monday, has a track record in the private sector but practically no experience in government or with the institutions he'd be working to advance. Organizations representing historically black colleges offered tentative praise of the pick. But commentators on issues affecting minority institutions were quick to note Holifield's lack of experience working with HBCUs.

Reactions among some observers of HBCU institutions verged on befuddlement.

Marybeth Gasman, director of the Penn Center for Minority Serving Institutions, said entrepreneurship and innovation are important objectives for institutions to pursue. But she also said it was important for anyone in the office to have a deep familiarity with historically black colleges and their needs.

Gasman said she was skeptical, however, that any executive director would accomplish much in this administration.

"I don’t see Trump caring about HBCUs, as he has demonstrated this lack of care," she said. "I hope that Holifield does well, but I don’t see anyone working with the Trump administration having autonomy or being able to make substantial important changes."

Julianne Malveaux, an author and former president of Bennett College in North Carolina, said Holifield has tremendous business acumen. But she noted that many other individuals with entrepreneurial experience have also been more engaged with historically black colleges.

"The 45th president has done little to earn the trust of the HBCU community; this appointment does not engender trust, but instead suggests a 'wait, see and hope for the best' attitude," Malveaux said.

[Inside Higher Ed

City to deposit $20 million in Chicago's last black-owned bank

The last black-owned bank in Chicago is set to receive a $20 million deposit of city funds.

City Treasurer Kurt Summers on Monday announced the deposit into Illinois Service Federal Savings and Loan Association.

Founded in Chicago in 1934 to help give the black community better access to credit, ISF Bank is one of just more than 20 black-owned banks in the country, according to the Federal Deposit Insurance Corp.

The deposit is meant to help drive economic development in the city's neighborhoods, Summers said.

"It's about being a community bank," said Summers, noting that his office works to invest in the city's neighborhoods and institutions. "Community banks are a great opportunity for that because they are designed for the sole purpose of reinvesting in their local area."

On average, the city keeps between $300 million and $700 million on deposit in banks. In order to receive deposits of city funds, financial institutions must go through a special certification process.

The deposit at ISF Bank, which went through the certification process, is the first the city has made with the intent to bolster a community bank, Summers said.

Read more: City to deposit $20 million in Chicago's last black-owned bank

Donald Glover takes home two Emmy Awards for Atlanta

By George L. Cook III African American Reports

Actor, director, writer, producer, (and singer) Donald Glover had a very good night at the 69th Annual Emmy Awards.

The multi-talented creator of the TV show "Atlanta", which airs on the FX Network took home two Emmy Awards.

Glover won the category Outstanding Directing for a Comedy Series making him the first African American to do so for directing a comedy.

But making Emmy Award history was not enough for Glover,he also won the category of Outstanding Lead Actor in a Comedy Series.

Congratulations to Donald Glover and what seems to be a bright future.

Phil Heath wins his 7th consecutive Mr Olympia!

Love him or hate him, the king stays on top. Phil Heath has won the 2017 Mr. Olympia making this his 7th consecutive Mr. Olympia contest. Heath is now tied with bodybuilding legend Arnold Schwarzenegger for second most Mr O victories. While many question Heath's gut and feel he was not in his best shape the judges felt that he did just enough to edge out Big Ramy. The question now becomes can he catch Ronnie Coleman and Lee Haney who both won eight consecutive Mr. O victories and maybe eventually pass them or will Big Ramy finally live up to the hype and beat him next year.

But that's a story for next year.

Congrats to Phil Heath the 2017 Mr. Olympia winner!

Olympia 2017 Men’s Bodybuilding Results

1. Phil Heath

2. Big Ramy

3. William Bonac

4. Dexter Jackson

5. Shawn Rhoden

6. Roelly Winklaar

7. Nathan De Asha

8. Brandon Curry

9. Josh Lenartowicz

10. Cedric McMillan