Press "Enter" to skip to content

Posts published in “Business/Finance”

Paypal, ApplePay, Spotify and Other Tech Companies Purge White Supremacist Groups from Their Platforms

by Jessica Yarvin via pbs.org
After the violent protests in Charlottesville, tech companies are rethinking their roles in providing online services for hateful groups. The fight is only beginning, as far-right groups and freedom of speech advocates have argued that tech companies are infringing on their first amendment rights by blocking their access to these services. For now, here are the companies who have taken steps to remove white nationalist and other hate groups from their platforms:
GoDaddy: The web domain name provider cut off the neo-nazi website The Daily Stormer, citing that the website had “crossed the line from exercising freedom of speech to provoking further mayhem.”
Apple Pay: On Wednesday, Apple Pay blocked websites that sell white nationalist merchandise, such as clothing with nazi symbols from using their payment services. A day earlier, Apple CEO Tim Cook sent a memo to employees where he said “hate is a cancer” and announced donations to the Southern Poverty Law Center and the Anti-Defamation League.
Discord: Members of the “alt-right” movement, whose beliefs are a mix of white nationalism, neo-Nazism and extreme populism, flocked to this group messaging service due to it’s privacy and anonymity; however, after the violence in Charlottesville, the company booted white nationalist groups and users off the app. In the days leading up to the “Unite the Right” rally in Charlottesville, the New York Times reported that some white supremacists used the app to organize transportation to and lodging for the event.
Spotify: The music streaming service removed dozens of white supremacist artists that the Southern Poverty Law Center had identified as hate music.
Facebook: Citing violations of the company’s guidelines, Facebook banned eight pages associated with the white nationalist movement, along with the personal page and Instagram account of a white nationalist featured in the Vice News documentary about the Charlottesville rally.

In Wake of #Charlottesville, Several National Charities Cancel Fundraisers at Trump's Mar-a-Lago

byvia money.cnn.com
The American Red Cross, The Salvation Army and Susan G. Komen Foundation all said Friday they’re canceling events at Trump’s Palm Beach property Mar-a-Lago. That comes after three organizations made similar announcements on Thursday.
The cancellations follow the spectacular implosion of Trump’s business councils this week over the president’s insistence that counter-protesters shared the blame for violence at a white supremacist rally in Charlottesville, Virginia.
The collapse of the councils was an extraordinary rebuke to a president who prides himself on being business-friendly. High-profile CEOs like JPMorgan Chase‘s Jamie Dimon have publicly slammed Trump’s reaction to Charlottesville. Now, Trump’s words appear to be hurting his own business. “The American Red Cross has decided we cannot host our annual fundraising event at Mar-a-Lago, as it has increasingly become a source of controversy and pain for many of our volunteers, employees and supporters,” the organization said in a statement.
The Red Cross said it “provides assistance without discrimination to all people in need, regardless of nationality, race, religious beliefs, or political opinions, and we must be clear and unequivocal in our defense of that principle.” According to the Palm Beach Daily News social events calendar, The Red Cross was slated to host its International Red Cross Ball at the resort on Feb. 3, 2018 .The Salvation Army also pulled its Holiday Snow Ball off the venue’s events list.
“Because the conversation has shifted away from the purpose of this event, we will not host it at Mar-a-Lago,” spokesperson Kurt Watkins said. On Thursday, the Cleveland Clinic, the American Cancer Society and an organization that supports disaster relief said they were abandoning plans for fundraisers at the private club.
To read full article, go to: Now charities are dumping Trump, too – Aug. 18, 2017

Airbnb Unites with NAACP to Combat Discrimination and Expand Room at the Inn

(image via npr.org)

by Karen Grigsby Bates via npr.org
Since its inception nearly a decade ago, Airbnb has faced questions from people of color as to whether the company’s worldwide “vacancy” sign really applied to them. The company has been plagued by allegations and several lawsuits, predominantly but not exclusively from African-Americans, claiming discrimination.
Now, as part of its attempt to turn that image around, Airbnb has announced a partnership with the NAACP. The goal is to put teeth in the home-sharing company’s anti-discrimination efforts and to expand the number of people of color who are hosts on the site. The company has revised its policies and introduced more stringent penalties for hosts found to discriminate.
A settlement in California this year involving an Asian woman resulted in the discriminatory host being banned from the site for life. A similar incident in North Carolina involved a black would-be guest. Earlier this year, Airbnb hired Laura W. Murphy, the former director of the American Civil Liberties Union‘s Washington legislative office, to help shape the new policies and put practices in place that would make Airbnb more inclusive.
The announcement comes amid the NAACP’s attempts to bring the organization closer to the younger activist audience that it hopes will be its next generation. While it continues to fight for things traditionally associated with the NAACP — voter enfranchisement, equal opportunities in education and housing — the 108-year-old organization is also stretching in new directions. The NAACP describes the Airbnb partnership as “a landmark national agreement” that will encourage more people in communities of color to consider becoming Airbnb hosts.
“Our fastest-growing communities across major U.S. cities are in communities of color and we’ve seen how home sharing is an economic lifeline for families,” Belinda Johnson, Airbnb’s chief business affairs officer, said in a statement. And it’s not just host families who benefit: the company says Airbnb guests spend money in the neighborhoods where they’re renting.
The partnership is notable in another way: Airbnb has committed to sharing 20 percent of the revenue from its community outreach efforts with the NAACP. It will also work with the NAACP to educate communities of color on the benefits and mechanics of home sharing as part of its planned outreach.
Airbnb also seeks to expand its employee base nation-wide, and has been working with the NAACP to increase the percentage of employees from underserved populations, from its current 9.6 percent to a target goal of 11 percent by the end of the year.
To read full article, go to: Airbnb Unites With NAACP To Expand Room At The Inn : Code Switch : NPR

Jordan Peele’s ‘Get Out’ is Named Most Profitable Film of 2017 

“Get Out” (photo via essence.com)

by Paula Rogo via essence.com
The year is not yet done and Jordan Peele’s horror masterpiece “Get Out” has already been declared the most profitable movie of the year. The movie, which is the highest-grossing original screenplay ever,  had a 630 percent return on investment, according to TheWrap.
Peele was given a $4.5 million budget by Blumhouse Productions to work with on Get Out,” grossing $252 million worldwide. M. Night Shyamalan‘s “Split,” also produced by Blumhouse, had a 610 percent return on investments on a global haul of $277 million. It is the second-highest most profitable film of the year.
To read more, go to: Jordan Peele’s ‘Get Out’ Is Most Profitable Film of 2017 | Essence.com

Serena Williams, Tracee Ellis Ross and other Celebrity Women Unite for ‘Black Women’s Equal Pay Day’

(photos via Twitter)

via thegrio.com
July 31st is Black Women’s Equal Pay Day.
This year, Equal Pay Day was on April 4 to mark the extra three months and a few days that women in general have to work in order to make as much as men do in a year, with the pay gap at around 80 cents to the dollar. But the gap is worse when you take race into account, with Black women only making 67 cents to every dollar.
Thus, Black women have to work 19 months to make what white men make in 12. To mark the day, celebrities and other notable women have all come together to stand for equal pay for all women, especially those who are disadvantages twice over.
While many celebrities, such as Tracee Ellis Ross, took to Twitter to explain the significance of the date, others used the platform to specifically call for change. “We need to do more to address the economic injustice that exists at the intersection of gender & race. #BlackWomensEqualPay,” wrote Senator Kamala Harris.
Others, like Remy Ma, expressed messages of consolidation and support: “Black women are the cornerstone of our communities, they are phenomenal & they deserve equal pay.”
Check out some of the best of #BlackWomensEqualPay from Twitter by going to: Celebrity women unite for ‘Black Women’s Equal Pay Day’ | theGrio

Stephen Curry Scores Record-Breaking $201 Million Contract with Golden State Warriors

Stephen Curry (photo: Getty Images)

by Latifah Muhammad via vibe.com
The Golden State Warriors want to make sure Stephen Curry feels appreciated. Curry is set to become the highest paid player in NBA history after scoring a record-breaking $201 million contract with the team. Bob Myers, Golden State’s general manager revealed Friday (June 30) that Curry’s multi-million dollar deal is scheduled to be finalized after his free agency ends on July 3.
The 29-year-old point guard joined the Warriors in 2009 as a seventh-round overall pick. At the time, Curry’s contract was worth $12.7 million over four years, and it’s clear that he’s made an impression not only on the league but the team that he has called home since beginning his professional career. In the last few years, the two-time MVP has helped lead the Warriors win double NBA championships, and arguably reinvigorated the Bay Area franchise.
To read more, go to: Stephen Curry Scores Record-Breaking $201 Million Contract

Black-Owned Business WT Stevens to Help Replace 18,000 Contaminated Pipes in Flint, MI

photo via huffpost.com

by Taryn Finley via huffpost.com
A black woman-owned construction company has been awarded a federally funded service contract to replace thousands of water pipes in Flint, Michigan. As part of a $97 million settlement to replace corroded pipes by 2020, the state has contracted WT Stevens Construction, which became a state-certified lead abatement specialty company in 2016, along with three other companies.
The companies will replace more than 18,000 pipes across the city, The Network Journal reported earlier this month. Rhonda Grayer, vice president of the family-owned company, told The HUB Flint that this contract is the “biggest project we’ve done.”
WT Stevens’ $10.9 million contract is the largest deal with the city for replacing service lines, according to MLive. It is responsible for addresses in Wards 3, 4, 8 and 9. The city allotted $25 million for the project in total. Grayer’s husband, Jeff Grayer, serves as the project manager. He told TNJ that about 800 waterlines have been replaces so far and he hopes to have 6,000 replaced by the end of 2017.
“Our company is usually the only African American-owned business to respond to request for proposals for various Flint city contracts even now after the court rulings related to the water crisis,” he said. “This is a major project that will ensure public safety and start rebuilding trust between the city and the community … something that has been missing awhile.” He said the goal is to “have all 18,000 lead-corroded residential pipes replaced by December 2019.”
The company has hired about 20 staff members, including ex-offenders and young people, and a video team to document the piping being replaced. Grayer said she’s following the example her late dad and founder of the company set for making a positive impact on the community. “I will tell you that it is really exciting and the most important part of it is the opportunity to employ people who may not have had other opportunities,” she told The HUB Flint.
To read full article, go to: Black-Owned Business To Help Replace 18,000 Contaminated Pipes In Flint | HuffPost

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