Stories For Jan. 25th to 31st 2021

Stories Jan 25th to 31st 2021

Top Stories

  • The mirage of the Black middle class (Vox)
  • Inside the Marijuana Growing Facility of a Historically Black University (WGNO). Southern University is the first HBCU to launch a line of THC products as part of its agriculture program.
  • Did Clubhouse achieve their $1BN valuation by exploiting or empowering Black people? (Irish Tech News)
  • Raising minimum wage may prevent infant deaths — and every dollar counts, study finds (News Observer). Each additional dollar of the minimum wage reduces infant deaths by up to 1.8% each year in major urban U.S. cities.
  • Medical school applications surge as COVID-19 inspires Black and Latino students to become doctors (USA Today)

Stories

Coronavirus / Covid-19 / Paycheck Protection Program (PPP)

  • BADG’s Obsidian is a futuristic concept house powered by Black creativity (Business of Home) – Obsidian showcase ranges from interior designers to architects to artists
  • U-M Study Reveals Lack Of Coronavirus Aid For Black-Owned Businesses (Patch) –
  • Black business owners are about 30 times less likely to receive government assistance than white business owners
  • Black-owned businesses hope this round of PPP won’t fail them (CNBC)

Jobs / Workers / Unemployment / Gig Economy / Minimum Wage

  • Biden’s plan for a $15 minimum wage could mean one in 5 Americans earns more. Nearly a third of Black workers would get a raise, research suggests. (Business Insider)
  • Former Obama Official Tapped to Lead OneTen Black Jobs Coalition (Bloomberg)
  • GOP Sen. Rand Paul says that Biden’s push for a $15 minimum wage reflects a ‘hate’ for Black teenagers (Business Insider) – The libertarian belief in “free” markets is pretty fanatical and can cloud your judgement.
  • Amazon Union Drive Takes Hold in Bessemer Alabama (NY Times)

Inequality / Systemic Racism / Economic Justice

  • Preservation can promote equity for Black communities, report says (Philadelphia Inquirer) — Preservation can be a tool to stabilize neighborhoods and to foster equitable growth in Black communities.
  • Black business owners are facing ruin. They need help now (CNN) — Economy stands to gain $8 trillion by 2050 by eliminating racial inequalities
  • How can businesses eliminate workplace ethnicity inequity in 2021? (HR Director) — Targeted action to address mid-level BAME advancement can release a significant burst of talent and energy.
  • New York City expands street vendor program. (NY Times)

Black Business

Black Business General / Interesting Businesses Stories

  • Richard Patterson former Tesla designer of the Model S makes history as the first black manufacturer and designer of a Supercar (Cision/PRWeb)
  • Master P teaming with ex-Tesla engineer to develop first Black-owned supercar (The Grio)
  • Black Owned Cosmetic Company talks about skin color and More. (WAOK)
  • Black Girl Ventures to host inaugural Birmingham pitch competition (Birmingham Business Journal)
  • Black Americans helped make barbecue a cultural phenomenon. Charcoal company Kingsford is helping to preserve that legacy (CNN) –New fellowship program to honor the contributions Black Americans have made to the legacy of American barbecue
  • Sephora’s Planning To Promote Black Owned Brands (Forbes) — Black people are known to contribute revenue at a rate greater than their proportion to their population in the beauty industry
  • Houston’s first Black-owned coffee shop downtown just opened (Chron)
  • Houston leads the way as a top metro for minority-owned startups (ABC News 13)
  • The 2021 Black Lens Symposium (Online) (Indy) —
  • Conversations around black duality, black centricity, black history, black business, black reciprocity, and the future of being black in America.
  • Photos: Black Business Expo celebrates local black entrepreneurs and businesses (York Daily Record) – Pennsylvania. Cute.

Big Business / Corporate

  • Apple introduced a limited-edition Black Unity Apple Watch collection for Black History Month (Business Insider)
  • Why Did Companies Take So Long to Divest from White Supremacy? (Harvard Business Review) – American corporations responded to protests with statements and commitments to reduce racial inequality.
  • AT&T : Exceeds $3 Billion Spending for Black-Owned Businesses (Market Screener)
  • Amazon Seeks to Block Resolution Calling for Racial Audit (Bloomberg) – Amazon is asking U.S. regulators to block a shareholder that asked the company to conduct an audit on racism and diversity.
  • Target apologizes after 3 Black teenagers were wrongfully detained at a California Store (Business Insider)
  • California Capitol Watch: New Law Requires Corporate Board Diversity (Davis Vanguard) – All corporate boards must have a member of an under-represented group by the end 2021.

Discrimination

  • Black Comedy Central employees felt tokenized and used as a ‘taste tester for racism’ by the network, while it showcased diversity on TV (Business Insider)

Reparations / Affirmative Action / Diversity / Inclusion

  • Exploring reparations for Black Americans is ‘necessary,’ says NAACP president (CNBC)
  • Diverse talent leaving accounting jobs due to ‘lack of inclusion’ (Accounting Today)
  • WRIGHT: Diversity statements need to be tossed away (Daily Targum) — Blanket statements that personal relations teams create seem to be an attempt to appease.
  • Bill would allocate 23% of state contracts to woman- and minority-owned businesses (Virginia Business) — Only 13% of Va. contracts went to certified minority- and woman-owned firms, study says
  • Diversity and Inclusion in Supply Chain: How to do More Than Lip Service [Infographic] (GritDaily)
  • W. Arthur Lewis: Intellectual author of CARICOM’s blueprint for reparatory justice (Gleaner)

Economics

Black Economics

Straight up Econ / The Economy

Industry Stories

Alcohol / Marijuana / CBD / Gambling

  • Inside the Marijuana Growing Facility of a Historically Black University (WGNO). Southern University is the first HBCU to launch a line of THC products as part of its agriculture program.
  • As Sports Gambling Debate Ramps Up, Casino Commits to Minority Business Partner (Maryland Matters).
  • Can the cannabis industry be an agent of social justice? Or is it just another big
  • business? (Washington Post)
  • Kalamazoo’s new cannabis cultivation site growing local economy, diversity and sustainability (MLive.Com)
  • Detroit residents hope pot business opportunities don’t elude them (Michigan Advance)
  • This is Michigan’s first Black-owned brewery (Midland Daily News)

Beauty / Fashion / Retail / Amazon

  • Can Made in Africa transform the continent’s leather industry? (Vogue) — To grow
  • Africa’s leather industry, tanners and manufacturers cannot focus solely on getting Western designers and luxury houses to use their leather
  • Activists Pushed Retailers to Back Black-Owned Brands. Here’s How Nordstrom Responded. (Business of Fashion)
  • Six months ago, BIPOC jewelry professionals put out a call for greater equality and diversity in the trade. How much has changed since then? (Diamonds.Net) – Lots of information about the Jewelry Industry.
  • ‘A new wave’: Kamala Harris elevates black designers on world stage (Guardian)

Technology / Apps / Innovation

  • Did Clubhouse achieve their $1BN valuation by exploiting or empowering Black people? (Irish Tech News)
  • Interview: Facebook group lends a helping hand to struggling Black-owned businesses during pandemic (Fox 40)
  • These Food Delivery Apps Are Built for the Community by the Community (Bon Appetit)
  • Apple Celebrates Black History Month With Maps + More (Cool Hunuting)

Finance / Investing / Venture Capital

  • Black and Hispanic Americans on the U.S. financial system: “The odds were always against me,” new Credit Sesame survey finds (PR Newswire)
  • How one mother is building generational wealth for her young son (NBC News)

Real Estate / Finance / Development / Housing / Segregation

  • This time, let’s actually fix the affordable housing market (NY Daily News)
  • HUD nominee Marcia Fudge to push for rental assistance, affordable housing amid coronavirus crisis (Washington Post)

Politics / Government / State and Local

  • Biden administration revives effort to put Harriet Tubman on $20 bill (Washington Post)
  • Pittsburgh leaders encouraged by Biden memo to correct Black housing inequities (Trib Live)
  • “A Step Forward”: Black Lives Matter Protests Forced Biden to Push Racial Equity, But More Is Needed (Democracy Now)
  • Biden signs executive orders on stimulus checks, food stamps and minimum wage(CBS News)

Education / Healthcare

  • Porsche launches new scholarship and guest lecture series at Morehouse College (PR Newswire). This scholarship will expose HBCU students to the auto industry.
  • Raising minimum wage may prevent infant deaths, study finds (News Observer). Each additional dollar of the minimum wage reduces infant deaths by up to 1.8% each year in major urban U.S. cities.
  • Medical school applications surge as COVID-19 inspires Black and Latino students to become doctors (USA Today)
  • Walgreens’ vaccine rollout will be led by the only Black woman to run a Fortune 500 company (Washington Post)

Restaurants / Food / Food Production / Farming / Agriculture

  • Biden’s Agriculture deputy choice, Jewel H. Bronaugh, may reflect minority critics (The Daily News Online) – In spite of opinionated headline, a good discussion of Ms. Bronaugh’s background and Tom Vilsack, head of the department of agriculture. Vilscak, also worked under Obama, and fired Shirley Sherod based on an edited speech she made.
  • Mashama Bailey, Chef at Grey in Savannah has a cook book (LA Times)

People and Careers

Career / Professions / Entrepreneurship / Businesses You Can Start

  • Celebrating black entrepreneurs: James Smith and J&E Grocery, 1964-2001 (Rochester First)
  • Forbes: For The Culture To Explore State Of Black Entrepreneurship In Year-Long Interactive Project (Forbes)
  • This Year Has Been Devastating For Mental Health Professionals — Especially If They’re Black (Refinery29)
  • Walgreens’ new CEO Roz Brewer on bias in the C-suite: ‘When you’re a Black woman, you get mistaken a lot’ (CNBC)

People / Motivation / Leadership / Success Stories / Ideas

  • ‘Black Women Built My Business’: Pantora Bridal Designer Andrea Pitter Brings Her Brand of Black Love to The Knot’s Spring Cover (The Root) – Famed retailer to carry Pitter’s designs
  • Detroit Is THIS Podcast: Roslyn Karamoko CEO of Détroit Is The New Black on Building and Growing a Retail Business in Detroit (Detroit is It)
  • Black Sands Entertainment’s Manuel Godoy Reflects on Running a Black-Owned Comic Publisher (CBR)
  • Meet The Black Female Founder Making Superfood Wellness Affordable (Forbes)
  • Doctors, Patients Reflect On Dr. Justina Ford Day, Honoring Denver’s First Licensed Black Female Doctor (CBS Denver)

In Passing

  • Bettyjean C. Murphy, City’s first woman, African-American developer, ‘never backed down, never gave up’ (Baltimore Afro-American)

All Other

Travel / History

  • Emmett Till’s brutal murder changed America. Now his home is a historic landmark. (Washington Post)
  • 7 destinations to visit in the US to learn about Black history (Business Insider)
  • How the Tulsa Race Massacre Was Covered Up (History)

Conservative / Alternative

  • A $15 Federal Minimum Wage: An Anchor on Struggling Businesses (Heritage.Org)
  • Is ‘Stakeholder Capitalism’ Newspeak for Economic Fascism? (FEE.Org) – Same stuff: Individuals collectively act in societies best interest and markets are the best way to transmit information for decision making in society.
  • Government’s ‘help’ is not great for minorities (Pittsburgh Tribune)

Opinion

  • How Biden Can include social science research in Executive branch policy making (Washington Monthly) – Features Dr. Alondra Nelson.  The case for a presidential social science council.
  • The facts might lead to uncomfortable conclusions about race in the United States.

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