Wanted: 20,000 Young Americans to Fight Climate Change (NY Times) — The White House plans to create an “American Climate Corps” that would train thousands of young people for green jobs.
Diddy Accused By Diageo Of Working Against Other Black-Owned Businesses (Hot New Hip Hop)
The number and share of SBA-backed 7(a) and 504 loans going to Black-Owned businesses more than doubled since 2020 (SBA)
Black people at Elon Musk’s California Tesla plant endured racist slurs, offensive graffiti: Lawsuit (WION)
NFLPA Supports Diverse-Led Coffee Companies BLQK Coffee and BlackNerd Coffee on National Coffee Day (NFLPA)
Crafting Freedom and Time: The Life and Legacy of Clockmaker Peter Hill (Post News Group) – Black clocker maker
Shrinkflation may not be real. Getting less for the same price? Explore how the CPI measures “shrinkflation” and its impact on inflation (US Bureau Of Labor Statistics) – Shrinkflation is already factored into the inflation rate based on unit price changes. It is estimated to contribute only 0.01% to the inflation rate. Instead, inflation is caused by rising supplier costs, labor costs, and price increases, not shrinkflation.
Black Business And Economic Stories
Historically Black Colleges Land $124 Million Donation to Boost Enrollment, Graduation Rates (WSJ)
New Jersey Reparations Taskforce held it’s first public meeting. (NJ Institute for Social Justice)- Watch hearing via Youtube.
Will Starbucks’ union-busting stifle a union rebirth in the US? (Guardian) – The NLRB has brought 100 cases against the coffee chain over anti-union activities – but it cannot punish the company.
A growing number of Americans want to join a union (Nation) – 48% of workers would join a union if they had the option.
Data from the Small Business Administration shows a major increase in loans to Black-owned businesses (WCNC – Charlotte)
Large Institutions, Black-Owned Businesses Continue to Connect Through Local Program (Washington Informer)
EEOC Sues Ecoserv, Charging a Pattern or Practice of Not Hiring Black, Female and Older Applicants (EEOC)
New docuseries ‘Rebuilding Black Wall Street’ (Click 2 Houston) – Morris Chestnut hosts
Jacque Moore stands in support of other Black female entrepreneurs (BizJournals)
Historian says lack of succession planning hurting black businesses(Barbados Today) – An Important issue that is ignored
Chris Brown Sued Over $2 Million Investment In ‘Popeyes’ Chicken Restaurants (The Blast)
FACT SHEET: Biden-Harris Administration Highlights A Record of Championing Historically Black Colleges and Universities (HBCUs) (Whitehouse)
30 Least Racist Countries in the World (Insider Monkey) –
39th Annual Philadelphia Minority Enterprise Development (MED) Week kicks off on October 2 (Philadelphia Sun)
2023 Community Wealth Building Pilots: Building & Retaining Wealth Among African American Legacy Homeowners in Seattle (Peoples Economy Lab)
US poor face economic hit as shutdown, childcare cliff, student loans converge (Yahoo Finance)
Soul City was meant to be a Black-led utopia. Vox Explains what happened (VOX)
CityLab Daily: London’s Rising Costs Are Driving Out its Black Population (Bloomberg)
Study finds disparity in D.C. contracts awarded to minority-owned businesses (Washington Post)
Famous Kansas City Fed Article saying that 50% of inflation is Corporate Profits. (KC Fed). Inflation is caused by corporate pricing power.
The Myth That Made Us: How False Beliefs about Racism and Meritocracy Broke Our Economy (and How to Fix It) – (MIT Press)
Black resistance in America: a timeline (Oxford University Press) – Interesting timeline