Thursday, October 18, 2018
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Economy
Compton Community College District Publishes Citizens’ Bond Oversight Committee Annual Report
October 18, 2018
As outlined in its bylaws, the committee has met on a regular basis to review expenditures, tour campus renovations, and ask questions. The 2016-2017 Annual Report documents the results of these activities and serves to fulfill the basic tenets of the Citizens’ Bond Oversight Committee’s charter.  ... read more »
Report Reveals Disturbing Gap Between Cost of Living and Actual Wages in L.A.
October 18, 2018
A recent report by the USC Price Center for Social Innovation revealed that Los Angeles’ job market may not be sustainable under an ever increasing affordable housing crisis. The city’s fastest growing industries, including healthcare, food service and technical services are hurting, said researchers, because workers cannot afford to live in the L.A. area. High living costs are forcing longer commutes, making it harder to recruit and retain workers. ... read more »
CRL Calls for Firing of CFPB Fair Lending Official Who Used N-Word
October 11, 2018
Recent and stunning disclosures of racially-offensive writings by a high-ranking official at the Consumer Financial Protection Bureau (CFPB) has unleashed an escalating barrage of criticisms, including calls for the official to be fired and more probing questions regarding the agency’s commitment to fair lending. ... read more »
Consumer Beware! Thieves are Using Gift Cards and Other New Scams to Steal Your Money
September 27, 2018
Over 1 million people filed fraud complaints with the Federal Trade Commission last year, according to its Consumer Sentinel Network Data Book.  The secure, online database is based on unverified reports filed by consumers and is available only to law enforcement.  They use the data collected to spot trends, identify questionable business practices and targets, and enforce the law, indicates the FTC.   ... read more »
U.S. Department of Commerce Invests $2 Million to Support Biomanufacturing Efforts in Los Angeles, California
September 21, 2018
U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Cedars-Sinai Medical Center of Los Angeles, California, to purchase equipment for the Cedars-Sinai Biomanufacturing Center. According to grantee estimates, the project is expected to create 444 new jobs and spur $47 million in private investment.  ... read more »
Quintin Primo, Owner of One of the Largest Black Private Equity Firms in the Country Talks Baldwin Hills Crenshaw Master Plan and Reaching Success 
September 13, 2018
This month, Primo spoke with the L.A. Sentinel to discuss the recent developments at his firm, Capri Investment Group, and how he continues to successfully run one of the largest Black private equity firms in the country!   ... read more »
LeadersUp ‘Hires the Next Generation of Talent’ at the Taste of Soul Family Festival
September 6, 2018
80 percent of TOS goers who participate can walk away with a job ... read more »
Nat’l Black Church Initiative Launches Wells Fargo Boycott
August 31, 2018
According to the Rev. Anthony Evans, NBCI president, the call to boycott stems from the institution’s targeting of the African American community and suppressing economic growth in Black neighborhoods. ... read more »
CEEM Invites Public to get to know them at L.A. County Fair 
August 30, 2018
Members of the Corporate Economic Empowerment Movement are inviting the public to get to know them and support their “mini take-over” of this year’s Los Angeles County Fair September 7-9. ... read more »
Gentrification or Economic Empowerment? Recycling Black Dollars Turns to Danny Bakewell, Jr. for Perspective 
August 23, 2018
"We are grateful that Danny Bakewell, Jr. saw fit to share his valued perspective on the unprecedented transformation of the Crenshaw District and all its complexities,” opined RBD’s Co-Executive Directors, Jacque Bee and Crystal Mitchell. Bakewell Jr., Executive Director of the Los Angeles Sentinel, shared his view on the wave of changes occurring in the Crenshaw District from his vantage point as a general contractor and developer. ... read more »
Black Workers Can Win, Despite the Supreme Court’s Follies 
August 2, 2018
It’s a challenging time in the fight for racial equity and justice for anyone paying attention to the status of Black workers in America right now. It’s tiring and depressing.  ... read more »
How are Black-owned Businesses Doing in the Trump Economy 
July 19, 2018
Leo Hickman, the founder of Classy Hippie Tea Company, has been in business for seven years. Hickman said under the current economy “there is monetary value, even if you are losing” because Trump “just put in tax breaks for owners,” the American Tax Cuts and Jobs Act, that can be written off.  ... read more »
Young Activist, Entrepreneur Aims to Mitigate Water Crises First in Detroit, Then Around the World 
June 21, 2018
Twenty-five-year-old Abess Makki has a vested interest in creating better relationships between city governments and their residents. It’s not money per se, he says, but more so altruistic in promoting a streamlined way for residents to pay municipal expenses and for cities to receive them. ... read more »
Energy Industry Continues to Court Younger, More Diverse Workforce
June 18, 2018
As workers in the energy sector reach retirement age, the need to recruit, train and hire younger, more diverse talent will increase, dramatically. ... read more »
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