Black Entertainment Television co-founder Robert Johnson told CNBC Monday the U.S. government should provide $14 trillion of reparations for slavery to help reduce racial inequality. According to CNBC, Johnson believes the wealth divide and police brutality against blacks are at the heart of protests against police brutality and the death of George Floyd. “Now is the […]
View MoreTag: African American Economics
(Illustrated) The Massacre of Black Wall Street | The Atlantic
LOUISVILLE, Ky. (Sarah Shadburne) —Victor Yarbrough wanted to do something that would bring positive opportunities for economic growth to west Louisville, according to our partners at Louisville Business First. So, he started his own bourbon brand with his brothers Chris and Bryson. It’s called Brough Brothers Bourbon, and it’s already distributed through Amazon to the […]
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Robert F. Smith on becoming the richest black man in America, what companies get wrong about diversity, and what he’s doing to help mint more black billionaires | Business Insider
Robert F. Smith is the richest black man in America, and one of only four to currently have a net worth of more than one billion dollars. [mc4wp_form id=”6042″] The son of two Denver-based school teachers, he earned degrees from Cornell University and Columbia Business School before founding Vista Equity Partners, a private equity firm […]
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Father and Son’s Financial Literacy Curriculum Teaches Black Youth to Invest in the Stock Market | Black Enterprise
A financial literacy curriculum designed by a father-son duo is helping students at one high school learn how to invest in the stock market. [mc4wp_form id=”6042″] Virginia esquire Kevon L. Chisolm and his 11-year-old son, Kamari Chisolm, announced the launch of Black Wallstreeter Consultation Services back in March to aid people, particularly young people, with […]
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How I Get By: A Week in the Life of a McDonald’s Cashier | Vice
Cierra Brown is trying to do all she can on her own, but it rarely feels like she’s doing enough.
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No Shortage of Need | Baltimore Magazine
Homelessness, gross inequities in education, shortages of affordable housing, a lack of job training, few options for underprivileged inner-city youth, and a thriving and deadly drug trade. Are we picking on poor, old, bad-mouthed Baltimore again? Actually, we could be talking about the challenges facing any large American city—check out St. Louis, New Orleans, Detroit, […]
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Bank of America Launches $5 Billion Home Loan Assistance Program | BlackPressUSA
Stacy M. Brown, NNPA Newswire Correspondent, BlackPressUSA [dropcap]NNPA[/dropcap] NEWSWIRE — The new Bank of America program includes down payment and closing cost assistance; innovative low down payment mortgages; grants that can be applied to non-recurring closing costs; a national network of lending professionals; easy-to-understand financial education tools; strategic partnerships with real estate professionals; and a […]
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Ta-Nehisi Coates Revisits the Case for Reparations | The New Yorker
By The New Yorker, The New Yorker YOUTH & FAMILIES DETERMINED TO SUCCEED. Featured Image [dropcap]It’s[/dropcap] not often that an article comes along that changes the world, but that’s exactly what happened with Ta-Nehisi Coates, five years ago, when he wrote “The Case for Reparations,” in The Atlantic. Reparations have been discussed since the end […]
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HBCU Money’s 2019 African American Owned Bank Directory | HBCU Money
Travis Loller, Associated Press, HBCU Money Dr. James Hildreth dissects a frog Friday, March 29, 2019, with seventh grader Keyshawn Walker at the Haynes Middle Health/Medical Science Design Center in Nashville, Tenn. (AP Photo/Travis Loller). Featured Image [dropcap]NASHVILLE[/dropcap], Tenn. (AP) — The number of African-American men entering medical school hasn’t budged since the late 1970s, […]
View MoreAfrican American Economics: Real Facts | Black Enterprise
Black Enterprise Editors, Black Enterprise iStock/Kate Sept 2004, Featured Image [dropcap]Black[/dropcap] families are more confident about achieving the American Dream than the general population. However, African Americans fall short on executing life-changing measures such as accumulating wealth, being better prepared for retirement and building up savings. Here are a few facts (and advice) about African […]
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