Wednesday, December 1, 2021
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Economy
Stocks Sink on New COVID Variant; Dow Loses 905 Points
November 29, 2021
Stocks are closing sharply lower on Wall Street Friday, after a coronavirus variant from South Africa appeared to be spreading across the globe and the European Union proposed suspending air travel from southern Africa. ... read more »
Black Woman Tech Founder Survived Homelessness and Started a Movement to Increase Generational Wealth in South L.A.
November 26, 2021
Homeless at the age of 19, Cassie Betts has a riveting life story. She shares memories about befriending “questionable characters of the night,” with the tech-savvy inner-city youth she trains in her technology academy Made In South L.A. (MISLA), initially launched from the janitor’s closet of a South Central Los Angeles charter school. Betts has evolved, going from sleeping on bus stop benches and cardboard boxes in Honolulu, Hawaii, to acting and modeling in commercials, TV, and film in Los Angeles, to now blazing her own path in tech, while taking along anyone who believes that South L.A. produces geniuses, high-level entrepreneurs, and leaders who make an impact and change for better. ... read more »
Analysts: California Is Moving Into Next Budget Year With a $31 Billion Surplus
November 25, 2021
California is expected to move into the next fiscal year, which begins July 1, 2022, with a whopping $31 billion surplus, according to estimates from the independent Legislative Analyst’s Office (LAO). ... read more »
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CD-9 Welcomes Residents Applying for BIG:LEAP Program
November 4, 2021
South L.A. residents lined up on October 29, at the field office of Councilmember Curren Price, Jr. to apply for the BIG:LEAP - the Basic Income Guaranteed: Los Angeles Economic Assistance Program. The citywide program, which accepts applications until November 7, will provide 3,000 recipients with $1,000 per month for 12 months with no-strings-attached or conditions on how the funds must be spent. ... read more »
As Bitcoin goes mainstream, Wall Street looks to cash in
October 19, 2021
Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world’s most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s simply too big for the financial establishment to ignore. ... read more »
COVID’s effects worsen America’s racial wealth gap: Blacks own 22 cents for every dollar held by whites Closing gaps would create 1.7 million jobs, add $300-450 billion to the economy
September 30, 2021
As the global pandemic continues to take lives and infect multiple generations, virtually every dimension of life is challenged. And people with the fewest financial resources before COVID-19 are being challenged more than ever before.   It is both a challenge and an opportunity for leadership in the Biden Administration, Congress, the Federal Housing Finance Agency, the Department of Housing and Urban Development, along with the private sector address to effect policies and practices that reverse the nation’s still-growing racial wealth gap. Tried and true wealth-building tools like targeted homeownership and expanded small business investments together would bring sustainable and meaningful changes to those who historically have been financially marginalized.  ... read more »
Senate Democrats Pass $3.5 Trillion Budget Plan – ‘The Most Significant Piece of Legislation in Decades’
August 12, 2021
Shortly after the U.S. Senate passed President Joe Biden’s most ambitious pieces of legislation, a $1 trillion bipartisan infrastructure package, Democrats acted again by pushing through an equally enterprising $3.5 trillion budget proposal. The bill would make childcare more accessible, create universal pre-K, expand paid family and medical leave, and make community college free for the first two years. ... read more »
Study Reinforces a Brighter Economic Outlook When America leads World in Energy Production
August 5, 2021
Researchers found through wages, taxes, capital investments, and support to other industries, the economic impact extends beyond traditional natural gas and oil-producing states. ... read more »
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County Gets $9.9 Million to Help Neighbors Affected by LAX Noise
July 22, 2021
The Los Angeles County Development Authority announced today it has been awarded a $9.9 million grant that will go toward sound insulation improvements for residents affected by noise from nearby Los Angeles International Airport. ... read more »
Cali-Born Steelers Rookie Joins Gov. Newsom’s Efforts Against Homelessness and Hunger
July 1, 2021
Rookie Pittsburgh Steelers running back Najee Harris, who was born in Martinez and attended high school in the East Bay town of Antioch, came home last week to join Gov. Newsom in Santa Clara as he announced his efforts to address the state’s ongoing homelessness crisis and a new COVID-19-related rental relief program. ... read more »
State’s Rooftop Solar Program Imposes Unfair Cost Burdens on Communities of Color
July 1, 2021
Reports of California’s economic rebound are good news, as is a plan from Governor Newsom to use some of the state’s budget surplus to help Californians who have gotten behind in paying rent, water and energy bills. ... read more »
5 Things to Remember During Your Job Search
July 1, 2021
Nearly 16 months after coronavirus lockdowns began, California is open for business. As job growth continues and the economy rebounds, beginning July 11, Californians who collect unemployment must look for work to maintain their benefits. EDD refers to these people as “claimants” – individuals who claim unemployment benefits. ... read more »
Some Upbeat News for Black Businesses Still Reeling From Pandemic Losses
June 17, 2021
“It’s a state of disrepair. They need significant support,” said Tara Lynn Gray, director of the California Office of the Small Business Advocate.   ... read more »
Everett Sands the Driving Force Behind Lendistry
June 10, 2021
CEO says the memory of his grandfather is the fuel that inspires him to make Lendistry the largest African American lead community lending institution in the country. ... read more »
100 Days of Biden-Harris
June 10, 2021
I see the $6 trillion price tag on the Biden legislation as more of an investment than simple spending. A better-educated workforce earns more money, pays more taxes. A healthier workforce means less absenteeism, more efficiency, and productivity. Quality childcare means more women in the workforce —millions of women left in the wake of COVID. The investment makes sense to build our labor force back better. ... read more »
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