1. I made a page labeled "news" So I could keep a static front page and have a blog at the same time. Well, whatever is posted on the members activity page is now posting on the news page. How do I fix this?
Go to your "Dashboard > Settings > BuddyPress > Pages" options page. Make sure that your Members directory is set to correspond with your Members page. Or create it if it doesn't exist.
If that's not the issue, there isn't anything in the Frisco theme that would make this happen. Try deactivating other plugins and re-creating the pages.
Also, there is a box that shows up next to my avatar (on your profile page and has your username in big bold letters) and I accidentally changed the color to blue. How this happened, I do not know, but I cannot find the code to change it back.
Are you using a custom.css file to add your own CSS? That's the only reason that text on your profile page should change color. Check that CSS to make sure. Or use Firebug to find what is changing the color.