U.S. economy

Black-Owned Businesses Look to the FDA to Protect Them

A year ago, in a quick fix reaction to the pandemic, the FDA released emergency guidance that lowered the standards for germ-fighting products like hand sanitizer in order to get more on the market. This led to an ongoing wave of hand sanitizers that both smell horrible and seem to do virtually nothing. Now, a year later, city streets are refilling, businesses are starting to operate at full capacity, and we have a more reliable supply of hand sanitizer. Yet, businesses are still providing questionable products, and we are even seeing reports of products with toxic carcinogens steadily pop up.

  Labor Secretary Tells Black Press America Must Be Intentional About Employment Equity

The administration wants to level the playing field, which would allow those in communities of color to obtain good-paying jobs, ascend to the middle class, and be rewarded when it comes time for promotions and other opportunities to advance. “I think we are seeing 500,000 jobs per month added to the economy on average over the last three months, and we saw some positive signs in the hospitality industry this month,” explained U.S. Labor Secretary Marty Walsh.

JPMorgan Chase Commits $30 Billion to Advance Racial Equity

“All Americans deserve equitable access to affordable housing and the physical, emotional and financial security it represents,” said Lisa Rice, CEO, National Fair Housing Alliance. “JPMorgan Chase’s new commitments will help make owning or renting a reality for more Black and Latinx families, whose housing access has been impeded by decades of systemic racism and are now disproportionately affected by the impact of COVID-19. Addressing the affordability crisis, now overlaid with the pandemic, will require many players on many fronts, and these commitments are concrete, meaningful steps in the right direction.”

Economy and Race Relations Seen as Growing Concerns Ahead of Election

“It is not surprising that voters overall rate the economy as the most important issue impacting their vote for president this year given the fragile state of the U.S. economy and their tendency historically to prioritize it and other issues such as national security and education,” Gallup pollsters observed.

Black Automotive Media Group (BAMG) Hosts Discussions with Nation’s Automakers Over Lack of Inclusion

The BAMG feels that addressing these pillars is crucial to reversing decades of exclusion that Black automotive journalists have faced. As a result of the letter, all manufacturers responded, and a series of video calls were executed. The conversations were informative and sometimes uncomfortable, and souls on both sides of the discussions were bared. “We need to be an adequate part of the solution,” said one automaker. “We need a strategic corporate reset,” said another.

L.A. City Mayor Responds to Governor Newsom’s Announcement of the Second Stage of the Economy Re-opening

Monday, May 4. The Los Angeles City Mayor Eric Garcetti provided the most recent information surrounding the COVID-19 outbreak. Los Angeles is gearing to build the economy back up. There are predictions of a second and third wave of the spread of coronavirus, as some Angelenos are set to head back to work within the coming weeks. Mayor Eric Garcetti addresses concerns of the financial instability the city is currently in. The Mayor is looking at the numbers and data surrounding this pandemic; the science and test results behind coronavirus governs the next move. Eric Garcetti speaks about hopes he has during this dark time. Mayor Garcetti shared how the announcement of Governor Newsom’s framework will directly influence Los Angeles.