iBuyBlack Card Launched in Philadelphia to Offer Discounts to Supporters of Black-Owned Businesses 

(photo via twitter.com)

by Nigel Roberts via newsone.com

African-American business owners in Philadelphia gathered last week to launch a discount card to encourage the community to spend their money at local Black-owned businesses, the Philadelphia Inquirer reports.With an iBuyBlack card, which costs $10, shoppers receive discounts up to 15 percent at participating Black-owned businesses. About 80 companies currently participate in the program, which has the support of a wide coalition that includes local elected officials.

Earl Harvey, sales director of iBuyBlack.org, said the organization’s goal is to recruit 500 businesses and 10,000 cardholders by the end of this year. About 1,500 people have already signed up for the card, The Inquirer reported.

A primary goal of the effort is to build wealth in the community, former president and CEO of AmeriHealth Caritas Michael Rashid told the audience on Tuesday.

“Economists say the average dollar earned by Blacks stays in our community for just six hours. Compare that to the White community, in which dollars circulate for 17 days. That’s wealth-building,” he said, according to The Inquirer.

To read full article, go to: Philadelphia Black-Owned Businesses Launch iBuyBlack Card | News One

Nobel Laureates Toni Morrison and Sir Arthur Lewis to Have Buildings Named for Them at Princeton University

Nobel Laureates Sir Arthur Lewis (l) and Toni Morrison (r)

article by jbhe.com

The board of trustees of Princeton University in New Jersey has announced that Toni Morrison, the Robert F. Goheen Professor in the Humanities, Emerita at the university, will have a building on the Princeton campus named in her honor. West College, built in 1836, is now used as an administration building. It will now be known as Morrison Hall.

Toni Morrison was awarded the Pulitzer Prize in 1988 for her novel Beloved. In 1993, she was the first African American woman to win the Nobel Prize in Literature. In 2012, Professor Morrison was awarded the Presidential Medal of Freedom. Her latest novel is God Help the Child (Alfred A. Knopf, 2015).

The board of trustees also announced that the main auditorium in the Woodrow Wilson School of Public and International Affairs will be renamed to honor Sir Arthur Lewis, a Nobel laureate in economics who taught at Princeton from 1963 to 1983.

A native of St. Lucia, Professor Lewis was the first person of African descent to be appointed a professor in Great Britain’s university system. He was knighted in 1963 and won the Nobel Prize in economics in 1979. Professor Lewis died in 1991.

Don Cheadle Tackling Story of Jeremiah G. Hamilton, Wall Street’s 1st Black Millionaire

Don Cheadle (photo via hollywoodreporter.com)

article by Borys Kit via hollywoodreporter.com

Don Cheadle has acquired the film and TV rights to “Prince of Darkness: The Untold Story of Jeremiah G. Hamilton, Wall Street’s First Black Millionaire” by Shane White, with plans to adapt the 2015 book as a starring vehicle. Steven Baigelman, who worked with Cheadle on the Miles Davis biopic “Miles Ahead,” is reteaming with the actor and will write the script for the drama.

Cheadle will produce and star. “Prince of Darkness” sheds light on the obscure story of Hamilton, who was mentioned in an obituary for Cornelius Vanderbilt as the tycoon’s true rival. White’s book details the rise of Hamilton as he is chased out of Haiti and becomes a broker and land agent in 19th century New York, his success prickling both white and black society.

He broke many taboos of the times, including marrying a white woman and owning stock in rail companies on whose trains he wasn’t legally allowed to ride. When Hamilton died, obituaries at the time called him the richest black man in America. The book has been awarded the Society of Historians of the Early American Republic’s best book prize and the 2016 New York City Book Award.

To read more, go to: Don Cheadle Tackling Story of Wall Street’s First Black Millionaire (Exclusive) | Hollywood Reporter

International Hits “Moonlight,” “Hidden Figures,” and “Straight Outta Compton” Disprove Hollywood Myth That “Black Films Don’t Travel”

(image via latimes.com)

article by Tre’vell Anderson via latimes.com

On his way to winning a best picture Oscar for “Moonlight,” a film made for a minuscule $1.5 million, writer-director Barry Jenkins took time between awards-season red carpet appearances for a six-city European promotion tour. It was time well spent.

“Moonlight,” about a poor black boy living in the projects of Miami and struggling with his sexuality, wasn’t supposed to be the kind of movie that wins the best picture Oscar. Its modest coming-of-age narrative, unconventional story structure and outsider characters with no mega stars made it, as filmmaker Mark Duplass said recently with admiration, “a bit of a miracle” that it even reached U.S. theaters. Certainly, it’s not the kind of movie that was expected to make money overseas. After all, says a longstanding Hollywood myth, black films don’t travel.

Yet as of Tuesday, “Moonlight” has made $28.6 million at the international box office — more than its $27.5 million domestic take — for a worldwide total of $56.1 million. With the film still in theaters, even more is expected.“This black film is definitely selling overseas,” Jenkins said to The Times on the red carpet for the Screen Actors Guild Awards, just after he’d returned from Europe.

“Every time there’s a success, it gets swept under the rug,” says Jeff Clanagan, president of Lionsgate’s Codeblack Films, which primarily produces films with African American casts. “It’s almost like there’s an asterisk on it. They chalk it off as an anomaly.”

For 1988’s “Coming to America,” the anomaly was the comedic genius of Eddie Murphy, who “transcended race” when the film grossed $160.6 million internationally for a $288.8 million worldwide take. (Samuel L. Jackson, Morgan Freeman, Will Smith, Kevin Hart, Denzel Washington and Don Cheadle are other box office champs for whom the “transcended race” label has been applied.)

For 1995’s “Bad Boys” and its 2003 sequel — which together pulled in a combined $210.3 million internationally and $414.7 million worldwide — it was the fact that the film was an action flick, never mind leads Smith, Martin Lawrence and Gabrielle Union. For 2015’s “Straight Outta Compton,” a $40.4 million payoff internationally (and $201.6 million worldwide), it was the popular music of rap group N.W.A.

Even as three-time Oscar nominee “Hidden Figures,” with its predominantly black cast, has so far made $48.8 million internationally — helping to push its $166 million domestic sales to nearly $215 million worldwide and counting — the myth persists.

When asked about the myth, Octavia Spencer, Oscar-nominated for her “Hidden Figures” role, responded simply: “I have two words for you: Will Smith.”

“He was told the same thing [at the beginning of his career] — that he wasn’t going to be taken to promote his film,” she said at the annual pre-Oscars Sistahs Soiree honoring women of color in the industry. “Had he not paid for himself to fly all over the world that very first time, he would not be an international box office star. So they have to start investing and taking black actresses and actors across the world just like they do with unknown white actors. They need to do the same thing for black actors. If you don’t know ’em, why would you go support the film?”

To read full article, go to: Disproving the ‘black films don’t travel’ Hollywood myth – LA Times

TECH: Rachel Sibande Founds M-Hub, Malawi’s 1st Technology Incubator

Rachel Sibande (photo via africa.com)

article via africa.com

Rachel Sibande is the founder of M-Hub, Malawi’s first technology hub. It is an incubator for technology startups with a special focus on building young tech entrepreneurs  by offering them training, skills development and mentorship. “M-Hub champions the development of technology solutions as its main lifeline. The hub invests its profits in social good programs that build capacities of children, girls and youth in developing technology applications. Ultimately, M-Hub wants to be the prime software solution provider in the nation and beyond, employing skills of young Malawians.”

Rachel’s interest in technology started in her school days when she found herself playing with different gadgets, radios and anything tech she could find. Later on, she studied computer science at Malawi’s Chancellors College and then sparked off her career as a programmer before diverting into lecturing and teaching. “Growing up I had a passion for gadgets. I was just curious on anything techy. I actually thought I would be a lab scientist. But I guess with time, my passion moved to computers.”

Still filled with a passion to use technology to change lives, Sibande then found herself working with development agencies like USAID, FICA and GIZ. It was around this time when Rachel got involved in rolling out Malawi’s first web-to-SMS service for the Malawi’s smallholder farmer industry. After seeing the impact technology was making in Malawi’s agricultural industry, Rachel then developed a conviction to grow this impact to other sectors.

M-Hub (photo via africa.com)

In 2012, While on a fellowship under Barack Obama’s Young African Leaders Initiative (YALI) Programme in the United States, Rachel was introduced to the concept of technology hubs. It was then that the conviction birthed a new vision, an incubator and cutting edge space that would be customized to suit the Malawian context.

“I wanted to see that there was a space where young technology enthusiasts were nurtured with technical and business skills through mentoring and facilitation of the hub and its members,” she recalls in one interview. “Youth are the future change makers and this is why special focus is put on training and mentoring youth entrepreneurs and tech enthusiasts. ICT skills can equip young entrepreneurs to become job creators to decrease unemployment. More ICT projects should be coordinated and implemented to improve infrastructure development and I believe once youth are equipped with these skills, they’ll see the vision and they’ll be the driving force behind change and development. It is very important that youth know their potential and are empowered to ensure that the future prosperity of their nation and continent is secured.”

To read more, go to: Meet Rachel Sibande, Malawi’s Innovation Champion – Africa.com

Viola Davis’ JuVee Productions Raising $250M for Content Development, Production & Distribution

Viola Davis and Julius Tennon (photo via shadowandact.com)

article via shadowandact.com

JuVee Productions – the integrated film, television and digital production company created by Viola Davis and her husband, Julius Tennon, is embarking on an effort to raise $250,000,000 in a global expansion plan for the development, production and distribution of diverse and inclusive film and digital content.

The fund will be used to develop, finance, produce and distribute a slate of multiple feature films and branded digital content that will see the relatively young production company expand its footprint globally. “The shift in storytelling should be inclusive and we aim to make it a reality,” says Julius Tennon in a press statement.

Launched in 2012 by Davis and Tennon, JuVee Productions is a Los Angeles-based artist driven production company that develops and produces independent film, television, theater, and digital content across all platforms. JuVee Productions aims to become the go-to creative hub where the next generation of filmmakers and artists have the space to craft dynamic stories spanning the broad spectrum of humanity.

The company’s most recent project is the courtroom drama “Custody” which premiered at the Tribeca Film Festival in 2016, and aired on the Lifetime network last week. The short film “Night Shift” premiered at the Sundance Film Festival in January of this year and continues to tour the film festival circuit.

Upcoming the production company has the film adaptation of “The Personal History of Rachel DuPree” which Davis is starring in; a biopic on Barbara Jordan (the first Southern African American woman elected to the United States House of Representatives), also with Davis starring; and a TV period series set up at ABC titled “The Zipcoders,” set in 1968, about a group of black teenagers form a rock ‘n’ roll band who aspire to be like The Beatles; and there’s also Davis’ Harriet Tubman film with HBO.

To read full article, go to: Viola Davis’ JuVee Productions Raising $250M for Content Development, Production & Distribution – Shadow and Act

USC Professor Raphael Bostic Named 1st African American President of a Federal Reserve Regional Bank

Raphael Bostic (photo via latimes.com)

article by Jim Puzzanghera via latimes.com

USC professor Raphael Bostic made history on Monday when he was named president of the Federal Reserve Bank of Atlanta, becoming the first African American to lead one of the Fed’s 12 regional banks. The choice of Bostic, 50, director of the Bedrosian Center on Governance at USC’s Sol Price School of Public Policy, comes after members of Congress and advocacy groups have sharply criticized the central bank for a lack of diversity.

They had pushed for a diverse choice to head the Atlanta region, in part because it has a large African American population. Bostic acknowledged the significance of his appointment, which he said “is a very big deal” that made him the answer to a “Jeopardy” question.

“It’s not lost on me that I …am the first African American to lead a Federal Reserve institution,” he said in a short video released by the Atlanta Fed. “It’s kind of daunting. It’s an overwhelming thought. It’s a tremendous privilege.” “I look forward to this being a stepping stone for many others to have this opportunity as well,” Bostic said.

Rep. Maxine Waters (D-Los Angeles), who was among four prominent African American House members who urged a diverse choice for the Atlanta position, hailed Bostic as an “outstanding choice” and called his selection a “long-awaited first step towards building diversity among the Federal Reserve’s senior leadership.”

Bostic’s appointment was approved by the Atlanta Fed’s board of directors and the Board of Governors in Washington. He will take over on June 5, succeeding Dennis Lockhart, who announced his resignation in September and stepped down on Feb. 28.

The job involves overseeing about 1,700 employees in the Atlanta region — Alabama, Florida, Georgia and parts of Louisiana, Mississippi and Tennessee — and participating in monetary policy deliberations in Washington.

To read full article, go to: USC professor named first African American president of a Fed regional bank – LA Times