We have 74 total stores this week related to Black Business or Black Economics. Top stories Blackout Day: July 7th, 2020 and 30-Day Buy Black Challenge Blackout Day: July 7th, 2020. Do not spend any money at non-Black owned businesses. (USA Today) (Complex) (Insider) #TheShowMustBePaused or TheShowMustBePaused. There is a related site called Black Out … Read more
Top Stories Reparations: Evanston, Illinois is developing a Home Buyer Assistance Benefit as First Reparations Program (Evanston Roundtable). The city has set aside $10 million from marijuana sales. It will make $25,000 home buyer assistant grants to any Black resident of Evanston between 1919 and 1969 and their descendants. How Don Peebles Became One of … Read more
Robert F Smith said large corporations should use 2% of their income to help minority communities (Forbes) Quaker Oats drops racist Aunt Jemima brand (USA Today). J & J will stop selling skin lightening creams (Reuters). The history of Black business management (Quartz) — Really good and interesting Black history and Bourbon (Forbes) – Recommended … Read more
Top Five Stories 15% Pledge calls on retailers to dedicate shelf space to black-owned businesses (CNN) Black Businesses drop by 41% because of lockdown (Bloomberg) Byron Allen and Comcast reach a deal to broadcast channels (Philadelphia Inquirer) Black Owned gun stores, range and gun associations (Minority Report). Black owned wineries and distilleries (Wine Enthusiast) California … Read more
Protest Related Black professionals must deal with White collegues during protests (Wall Street Journal -Pay Wall) Michael Jordan Pledges to Donate $100 Million (Sporting News). Jordan to donate $100 Million to support anti-racism(CNBC) San Francisco Mayor London breed proposes redirecting police budget to help African Americans through social programs (KTUV TV) Walmart donates $100 Million … Read more
DJIA 23,679 Unemployment (U-3,U-6) 14.7, 22.8 US Covid-19 Growth Rate ~1.0% COVID-19 Covid-19 hits Black Community Hard in Philadelphia Area (WHYY)CNBC on health disparities by race (CNBC)Racial resentment to beliefs about Covid-19 … Read more
Quick Check of Key Economic Indicators: “Real” Black Employment Rate 24.8%Unemployment U-3 14.7% DJIA 24,995 Tyler Perry Plans to reopen studio … Read more
Protest Related Minneapolis has some of the worst inequality in the US. (Washington Post) UC Berkeley News has a piece about ignoring the advice of the Kerner Commission called “The Road Not Taken: 50 Years After the Kerner Commission.” Here is the Kerner Commission Report Executive Summary and the Kerner Commission Report. In 1968, The Kerner Commission Got It Right, … Read more
Black people are a significant part of the US Economy. We are essential workers in many employment categories such as nurses, bus-drivers, government workers, teachers and warehouse workers. We are also highly visible as sports figures and entertainers. Blacks work in a wide verity of jobs and geographies. Together, we earn an estimated $1.3 Trillion … Read more