We have 62 stories this week. We have seven stories in our Black economics section and several stories in our people section.
Top Stories
- Is this the end for America’s mom-and-pop stores? (Financial Times)
- Erika James, Wharton’s first female dean (Philadelphia Inquirer)
- The Owners of Fulton-Mecklenburg, a Digital Marketing Agency, Says Black Owned Businesses Need to Collaborate During Pandemic (EURWeb) – Here a good and detailed looking inside a Black marketing agency.
- Light-Skin / Dark-Skin: How skin-tone bias affects racial equality at work (European Sting) – Very dry but something we all know is true. Society prefers people with lighter skin.
- The Unequal Future of Consumption: Covid is changing earning and spending (The New Republic) – Good long article if you are trying to figure things out.
- Rising Black Voices in Wine (Wine and Spirits Magazine)
Covid-19 / Coronavirus / PPP
- The Unequal Future of Consumption: Covid is changing earning and spending (The New Republic) – Good long article if you are trying to figure things out.
- Is this the end for America’s mom-and-pop stores? (Financial Times)
- Report: Poorest Congressional Districts Shortchanged by PPP Program (Accountable.us)
- Nations poor areas got billions less in PPP aid than rich areas, Report Finds(Tri-City Herald)
- Chairwoman Maxine Waters Sounds Alarm on Coming Wave of Evictions (Jacksonville Free Press)
- Report: COVID-19 Now is The Third Leading Cause of Death Among Black People (Jacksonville Free Press)
- Coronavirus Is Hitting Black Business Owners Hardest (NY Times) – From June 18th. Uses Fairlie data.
Protest
- “Jobs, not ‘abstract notion of freedom’ were focus of first March on Washington” (WJLA TV)
Jobs / Workers / Unemployment
- Black Americans Worry Postal Changes Could Disrupt History Of Secure Jobs (Jacksonville Free Press)
Black Business
- New Black-owned financial center aims to build wealth, promote homeownership in North Omaha (Omaha World-Herald)
- A New Moment for Black Bookstores (Publishers Weekly)
- Not just a haircut: Barbershops, salons offer freedom and community (Youngstown Vindicator)
- Shanel Fields is proving that now can actually be a good time to start a business (NBC News)
- The Owners of Fulton-Mecklenburg, a Digital Marketing Agency, Says Black Owned Businesses Need to Collaborate During Pandemic (EURWeb) – Here a good and detailed looking inside a Black marketing agency.
Black Business General
- Minority entrepreneurs at a tipping point as Black-owned banks dwindle in the U.S. (CNBC)
- Black-owned firms in Boulder County seek inclusion (Daily Camera)
- Temoura Jefferies, of High Point, creates Buy Black Guide as resource for Black-owned businesses (WFMY TV)
- Fairfax County EDA forum spotlights access to capital for minority-owned businesses (Fairfax Times VA)
Big Business
- Black Owned Celldration Premium Water Signs Historic Distribution Deal For 1100 Kroger Stores (Michigan Chronicle) – Interesting idea. Story reads like a press release.
- Brooklyn Nets owners pledge $50 million to create ‘economic mobility’ in the Black community (CNBC)
Industry Spotlight
- History of trucking in America (KAKE TV Wichita KS) – Kinda of interesting
- Black Entrepreneur Creates Platform To Promote Diversity In The Cannabis Industry (NY Beacon)
Finance / Investing
- How University of Chicago, Howard, & Other Endowments Are Tackling Asset Management’s Big Problem (Institutional Investor)
Discrimination
- Light-Skin / Dark-Skin: How skin-tone bias affects racial equality at work (European Sting) – Article that confirms what we already know in a dry and boring manner. Can’t they make this more salacious somehow with a glamourous light-skin woman next to a drab dark-skinned woman? Oops, I guess that’s the point, huh.
- Systematic Inequality and Economic Opportunity (Center for American Progress) – August 2019. One of the defining papers on discrimination.
Inequality
- Monroeville man saw ’To Kill a Mockingbird’ in segregated theater. Now he’s city’s 1st Black mayor(AL.Com) – Long time Black law enforcement official now mayor, says the key is jobs and economic development.
Reparations
- California moves to consider reparations for slavery (AP News)
- Education Subcommittee for Reparations Seeks New STEM School in Fifth Ward (Evanston Roundtable) — Interesting, they are going to use some of the reparations money to build a STEM school.
Gig Economy / California AB5 / Prop 22
- Why Uber’s business model is doomed (Guardian)
Sports / Entertainment
- Let’s call athletes ‘workers,’ and let’s call these NBA protests what they were – strikes (The Conversation)
- NBA issues statement on social justice and racial equality (NBA)
- Sixers’ $4B arena bid vows 35k jobs; Black and brown inclusion — goals similar projects failed to meet (WHYY Philadelphia)
Black Economics
- Truth and Redistribution: How to fix the racial wealth gap, end plutocracy, and build Black power (Yes Magazine) – Darrick Hamilton. Reparations, Baby Bonds, and a Wealth Tax.
- Is Atlanta really Wakanda? Atlanta is Number one for income inequality. (11 Alive)
- Democrats Have Failed Urban Black Americans (The New Republic)
- The State of Black Milwaukee in National Perspective: Racial Inequality in the Nation’s 50 Largest Metropolitan Areas. (University of Wisconsin – Milwaukee Center for Economic Development) – Wow. Milwaukee is not a good place to be if you are Black.
- Signifyin’: Final Levine Report (Milwaukee Community Journal) – Mikel Kwaku Oshi Holt gives a good summary of the report.
- Executive Director David Clunie Calls for economic justice for Black Americans during march on Washington. (Black Economic Alliance)
- Changing the Federal Reserve mandate could provide a down payment to ending racial inequality (The Conservation)
- Systematic Inequality and Economic Opportunity (Center for American Progress) – August 2019. One of the defining papers on discrimination.
Co-Ops / Employee Owned / Cooperative Economics(UJamaa)
- Newark Paper Co., employee-owned cooperative, has ribbon-cutting in city meant to signify new era (ROI-NJ)
Straight Up Econ
- The effects of Covid-19 could deepen secular stagnation (Financial Times)
- Larry Summers on Covid Stagnation (Princeton – BCF)
Politics / Government
- Kimberly Klacik Republican ad from RNC convention(Kim Klacik for Congress)
- Rep. Welch on state opportunities for minority- and women-owned businesses: “The data is abysmal” (Illinois Capital Fax)
- Racial resentment predicted white Americans’ economic evaluations in the 2012 and 2016 presidential elections (PsyPost)
People
- Stephanie Chung Joins Wheels Up as Chief Growth Officer (Airline Industry News) (StephanieChung.com) – You aren’t big until you have your own website and can do speeches.
- Fred Perpall, CEO of The Beck Group, says Blacks and Whites need to be more inclusive (Dallas Morning News)
- Erika James: Bringing crisis management ideas to the oldest US business school (Financial Times)
- Erika James, Wharton’s first female dean (Philadelphia Inquirer)
- Erika James, First Black Woman to Lead a Top Business School, on the Corporate Diversity Problem (Bloomberg) – This profile is from 2014 when she became dean of Emory’s Business school.
- IU education empowers couple to advocate for equality, give back to community (Indiana University Kokomo)
- Six Black Female Entrepreneurs Who Are Changing Their Industries For Good (Harpers Bazaar)
- Rising Black Voices in Wine (Wine and Spirits Magazine)
Education
- Black Families Don’t Need ‘Fixing.’ They Need Better School Funding (Education Week) – Andre Perry
- How much is your N.C. A&T degree worth? (Black Engineer)
Leadership
- Here’s what it takes for Black girls to become leaders, according to Michelle Obama (CNBC)
- Six Black Female Entrepreneurs Who Are Changing Their Industries For Good (Harpers Bazaar)
Real Estate / Real Estate Finance
- Why Are Billionaires Schwarzman and Palmer Using A Shell Committee to Funnel Big Bucks to ‘No on Prop 21’ Campaign? (City Watch LA) – California Proposition 21 gives local governments rent control power.
- How federal housing programs failed Black America (Nation) – Discussion of Keeanga-Yamahtta Taylor’s new book “Race for Profit.”
Re-entry / Corrections / Police
- Delaware man helps former inmates reenter society (Delaware State News)
Travel
- Meet The Black Woman Revisioning The Historic Green Book Travel Guide (NY Beacon)
- The Long Fight for Restitution (Conde Nast Traveler) – African countries try to regain artifacts.
- Inside Audacity Fest, Where Black Travelers Have an Open Conversation about Travel (Conde Nast Traveler)
- Conde Nast has struggled with racism
- Former Condé Nast employees expose racial issues at publishing giant (Page Six)
- A Reckoning at Condé Nast (NY Times) – June 2020
Conservative / Alternative
- Belinda Keiser: School Choice is the Secret to Trump’s Strong Economy (Daily Florida)
Law / Legal
- Black Firm Leaders Drive Big Law Social Justice Efforts (Bloomberg Law)
Non-profits / Philanthropy
- Local Black-Led Nonprofits Join National ‘Give 8/28’ Day (Sarasota Magazine)
- Advancing Economic Justice: How the Ford Foundation Is Investing in Diversity (Wharton Magazine)
Classic / Old but Good
- The Road to Zero Wealth: How the Racial Wealth Divide is Hollowing Out America’s Middle Class (Prosperity Now)