Sunday, September 15, 2019
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Economy
NAREB Urges Black Americans Not to Defer Their Dream of Homeownership
September 12, 2019
According to the National Association of Real Estate Brokers (NAREB) wealth building usually begins with that first investment in owning your own home. Whether you purchase a first-time “starter” home or inherit a property or residence, you start down the road to building wealth. But something has changed in the Black community. The U.S. Census Bureau’s latest statistics indicate that the Black homeownership rate has dropped once again. ... read more »
Rideshare Drivers, Union Form Alliance in Support of AB5
September 5, 2019
Over 100 Uber and Lyft drivers formed a caravan on August 25, embarking on a three day trip to Sacramento in support of AB5, a bill that would redefine independent contractor status in California.  Members of two unions, the Mobile Workers Alliance and Gig Workers Rising, joined the drivers; the group also stopping to rally at Uber headquarters in San Francisco and returning home on August 28. ... read more »
102 House Members Rebuke Delay of Payday Loan Rule Waters Led Effort Supported by Many CBC Members
September 5, 2019
Anyone who struggles with the rising costs of living knows all too well how hard it is to try stretching dollars when there’s more month than money in the household. Predatory lending, like payday and car-title loans, worsen financial stress with triple-digit interest rates that deepen the debt owed with each renewal.    ... read more »
America’s Racial Wealth Gap Could Cost Economy $1.5 Trillion
August 29, 2019
America’s nagging racial wealth gap has been the focus of many research reports and economic policy debates. Now new research analyzes the strong connection between disproportionate wealth and financial services and products that are either shared or denied with consumers of color. ... read more »
LA Sentinel Endorses Henry Jones for CalPERS President
August 29, 2019
The California Public Employees’ Retirement System (CalPERS) is the largest pension program in the United States. It provides retirement benefits to approximately 1.9 million members, 600,000 of whom are currently retired. This includes state workers, school district non-teaching personnel, and most of the state’s county and city employees. ... read more »
Some Californians Say Moving from Natural Gas to Electricity Will Cost Too Much
August 29, 2019
About a month ago, business and political representatives from more than 20 cities across the Inland Empire  - a metropolitan area east of Los Angeles that covers parts of Riverside and San Bernardino counties - held a press conference in the city of Riverside. At the meeting, they sounded off against new California Energy Commission and California Public Utilities Commission (PUC) rules designed to move energy users away from natural gas, toward electric power. ... read more »
California Department of Tax and Fee Administration Reports Cannabis Tax Revenues for the Second Quarter of 2019
August 23, 2019
The California Department of Tax and Fee Administration (CDTFA) reported revenue numbers today for cannabis sales for the 2nd quarter of 2019. As of August 16, 2019, California’s cannabis excise tax generated $74.2 million in revenue reported on the 2nd quarter 2019 returns due by July 31, 2019, and the cultivation tax generated $22.6 million. ... read more »
Earned Income Tax Credit Reduces Taxes for Low- and Moderate-Income Wage Earners
August 2, 2019
The Earned Income Tax Credit was implemented as a way to offset the impact of Social Security taxes on low to moderate taxpayers and to provide them with an incentive to work. The credit can be worth up to $6,431 for 2018 and up to $6,577 in 2019 for families with three or more qualifying children. For taxpayers with two qualifying children, the maximum credit this year is $5,828. The maximum credit for one qualifying child is $3,526. ... read more »
Assemblymember Jones-Sawyer Fights For Census Equality
August 1, 2019
Infamously known as being the hardest-to-count county in the nation, Assembly member Reginald Bryon Jones-Sawyer, Sr. has come together with local groups and leaders to ensure Los Angeles County is accurately accounted for in the 2020 Census. ... read more »
State Auditor Invites New Leaders to Reshape California
August 1, 2019
Since its creation, the 14-member commission which was created by the State Auditor, has been responsible for drawing district lines for the State Senate, Assembly, and State Board of Equalization in hopes of creating new opportunities and change in California. ... read more »
Andrew Yang brings presidential campaign to ethnic media
July 30, 2019
On Tuesday, July 23, Andrew Yang became the first presidential candidate to participate in a teleconference with ethnic media reporters, organized by Ethnic Media Services. Pleased to be offered a bubble tea as he sat down at a dais, ... read more »
HUD Approves Settlement Between California Reinvestment Coalition and CIT Bank
July 30, 2019
The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved a Conciliation Agreement between the California Reinvestment Coalition and CIT Group, Inc., and CIT Bank, N.A., dba OneWest Bank, resolving allegations that the bank engaged in lending discrimination by “redlining” in the Los Angeles region. Read the agreement.  ... read more »
SCLC President Charles Steele, Jr. Wants to Fulfill the Promise of the 1968 Poor People’s Campaign
July 25, 2019
The South Christian Leadership Conference (SCLC), a national leader in civil and political rights, held a convention in Atlanta from July 18 to July 20 to scrutinize a topic many Americans are rather uncomfortable discussing — poverty. ... read more »
Dynamex Law: Many Black App-Based Drivers, Media Freelancers Want to Remain ‘Their Own Bosses’

July 25, 2019
On Monday, July 8, Agbasi joined other members of the “I’m Independent Coalition” for a press conference at the Los Angeles Chamber of Commerce. At the event, a panel of advocates, community leaders and drivers called on lawmakers to fix the California Supreme Court’s Dynamex decision and amend AB 5, a bill the full Senate is expected to hear and vote on in September. Nearly 500 on-demand delivery drivers from across the state also rallied at the State Capitol July16 asking state legislators to fix the pending bill and protect their flexibility. ... read more »
Transformative 5G Technology Arrives
July 19, 2019
Cities, which include Washington, D.C.; Charlotte; Boston; Atlanta; Cincinnati; Cleveland; Columbus, Ohio; Des Moines, Iowa; Denver; Detroit; Houston; Indianapolis; Kansas City; Little Rock, Arkansas; Memphis; Phoenix; Providence, Rhode Island; San Diego; and Salt Lake City; are the world’s first to get Verizon’s 5G Ultra-Wideband mobility service. ... read more »
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