Labor Day Related Stories or Economic Outlook Labor Day Edition I wish I had a lot of good news on Labor Day, but I don’t. The good news There are a couple of Labor bright spots. On July 31st, the New York State Nurses Association and the NYC Health and Hospitals Corporation reached a settlement. … Read more
A couple of Labor Day articles focusing on history. When Labor Day Meant Something (Atlantic) Have we forgotten the true meaning of Labor Day? (The Conversation) A Labor Day Reflection on Unions, Race, and Division (New Yorker) It’s not just famous actors and big-name writers the Hollywood strikes are hurting (Vox) Labor Day Is a … Read more
We can’t believe there is no classic Great Migration movie. We love the Grapes of Wrath, but there should be a Black Great Migration movie. So we are asking our readers to create their own movie script. Here is ours. Update: It’s to big for a movie. So, now its a six-part mini-series. Here is … Read more
Great Migration – Key Books, Articles, Websites, and Resources To save you time, here are the two best sources on the US Black Great Migration: a general article and a website from the Civil Rights and Labor History Consortium. Read these first instead of this article. Then come back for the details and discussion. … Read more
We are asked, from time to time, to give investment advice. We want to share a couple of principles we have learned over time. Investing and personal finance are huge topics in the Black Community. It is important that we understand the basic principles. But first we have to cover the pre-investing basics. Are you … Read more
Earn Your Leisure is hosting an Investment Festival (Investfest) – The number one black personal finance podcast on Youtube.com is hosting an investment conference in Atlanta on August 25 to 27th. The conference features Robert F. Smith (the richest Black billionaire in the US), Sean Combs, and Steve Harvey. The line-up is amazing, a who’s … Read more
Black unemployment report – July 2023 The unemployment rate for Blacks was unchanged at 5.8% while Labor Force Participation rate remained near recent highs (62.7%) The Black unemployment rate was reported at 5.8% and the “Real” Black employment was 9.0% (see below). The National unemployment rate stood at 3.5%, and non-Farm Payrolls rose by 187,000. … Read more
Most Black adults in the U.S. are optimistic about their financial future (Pew Research) How Some MBEs Led Baltimore to Suspend a Prime Contractor (Engineering News) The new International African American Museum opens at a prominent site of the slave trade (WBUR) Historically Black Colleges and Universities Have Affirmative Action Solutions. But They Need Help … Read more
There is no getting around the S&P 500 chart since October 2020. It kind of smacks you in the face. A 20% run up. The S&P Index hit a recent high last week after the US Federal Reserve Bank raised interest rates by a quarter of 1% (25 basis points or 0.25%). The move was … Read more
The supreme court struck down the use of race in affirmative action in college admissions at Harvard and the University of North Carolina in a 6-3 vote. It ruled that the use of race by the two universities to promote diversity violated of the equal protection clause, “not permitting any distinctions of law based on … Read more