article via clutchmagonline.com
The Justice Department and the Consumer Financial Protection Bureau on Tuesday announced a settlement resolving allegations that Torrance-based Toyota Motor Credit Corp. discriminated against black and Asian/Pacific Islander borrowers in auto lending.
Toyota has agreed that it will not increase rates it quotes to car dealers as well as limiting the discretion of its dealers to charge interest rate markups.
The $20 million settlement will provide compensation to those who took out loans from Jan. 2011 up until last month. In addition, the company will also pay $2 million to black and asian borrowers with markup disparities.
“TMCC does not tolerate discrimination of any kind, even perceived or unintentional, from its employees or business partners — this principle extends to fair lending practices,” according to the company.
“While TMCC respectfully disagrees with the agencies’ methodologies to determine whether industry lending practices have been discriminatory, the company shares the agencies’ commitment to ensuring that consumers can count on competitive and fair auto financing options,” the statement continued. “The actions TMCC will take under this agreement are intended to further that commitment.”
The Equal Credit Opportunity Act prohibits such discrimination in all forms of lending, including auto lending.
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article by Zon D’Amour via hellobeautiful.com
Avid reader and magazine publisher Lisa Lucas has been named the new Executive Director of the National Book Foundation. Lucas is only the third executive director and first African American woman in the history of the literary organization which was formally established in 1986.
Its first executive director, Neil Baldwin, served until 2003. His successor, Harold Augenbraum, announced he would be retiring in the spring. Lucas will begin her position on Monday, March 14.
According to the New York Times, a part of Lucas’ initiatives as Executive Director will be overseeing the inclusion of more women and authors of color as recipients of the National Book Awards. The coveted prize has been honoring literary excellence since 1950.
“Readers are everything, readers are everyone. It should be about building one big massive audience that’s reflective of where we live” said Lucas.
Her literary background includes serving as the publisher of Guernica, an arts magazine with an international and often political focus. Prior to that, the 36-year-old worked for several nonprofit cultural institutions, including the Tribeca Film Festival and the Steppenwolf Theater in Chicago.
In an interview with NPR, she shared her excitement for her new position, “It has just been an ecstatic joy to be able to do work in service of readers…it just feels like an extraordinary opportunity to build on the work they’ve done, and to keep figuring out ways to engage readers.”
article by MSR Online via spokesman-recorder.com
U.S. Senators Amy Klobuchar and Al Franken announced that the Senate voted to confirm the nomination of Wilhelmina “Mimi” Wright as a U.S. District Court Judge for the District of Minnesota. Currently serving on the Minnesota Supreme Court, Wright has over 25 years of legal experience and has served at all levels in the Minnesota courts system.
Wright was recommended to the senators by a bipartisan judicial selection advisory committee. Klobuchar and Franken formed the bipartisan advisory committee to review candidates and assist them in making a recommendation for the position. The Senate only confirmed 10 District Court Judges in 2015, making this confirmation a major bipartisan victory.
“The confirmation of Mimi Wright to be Federal District Court Judge is a major victory for Minnesota,” Klobuchar said. “She is a dedicated public servant with a distinguished career spanning all levels of the state and federal legal system. I fought hard for her confirmation, and I have no doubt she will serve Minnesota well.
“While many judicial nominees are languishing in the Senate, she has made it through the confirmation gauntlet. That is a tribute to her and those who supported her. I thank the Democratic and Republican Senators that voted for her after examining her record and seeing her strength and fairness during the hearing.”
Wright was appointed to the Minnesota Supreme Court in 2012. She previously served on the Minnesota Court of Appeals from 2002-2012. Prior to this appointment, she served as a trial judge on the Ramsey County District Court.
Before joining the bench, Wright was an assistant U.S. attorney for the District of Minnesota, where she represented the United States in complex economic fraud cases and violent crime cases. During her time as a federal prosecutor, she received the United States Department of Justice Director’s Award and the United States Department of Justice Special Achievement Award.
Before joining the U.S. Attorney’s office, Wright practiced with Hogan & Hartson, LLP in Washington, D.C. She received her Bachelor of Arts from Yale University in 1986 and her Juris Doctorate from Harvard Law School in 1989.
article by Stephan A. Crockett, Jr. via theroot.com
U.S. Attorney General Loretta Lynch announced Wednesday that the Department of Justice has filed a federal lawsuit against Ferguson, Mo., after the City Council voted Tuesday to change the terms of a deal that would have brought sweeping changes to the city’s embattled Police Department.
“The residents of Ferguson have waited nearly a year for their city to adopt an agreement that would protect their rights and keep them safe,” Lynch said, according to ABC News. “They have waited nearly a year for their Police Department to accept rules that would ensure their constitutional rights. … They have waited decades for justice. They should not be forced to wait any longer.”
The Justice Department launched an investigation into the Ferguson Police Department last year after the shooting of unarmed teen Michael Brown by Police Officer Darren Wilson in August 2014. Wilson was not charged in the shooting, but the Justice Department investigation found “systemic and systematic racial bias within the force’s policing practices,” ABC reports.
The findings of the investigation were announced last year, and the city of Ferguson and the Justice Department began negotiations that ABC notes lasted 26 weeks, seeking an agreement that would address the Justice Department’s findings.
In January it was announced that the two sides had reached a tentative agreement that was set to include a complete overhaul of basic policing practices, including “how officers conduct stops, searches and arrests, use their firearms and respond to demonstrations,” among other significant changes, the Associated Press reports.
ABC notes that Ferguson leaders, however, had always balked at the tentative agreement, which they estimated would cost the city $3.7 million during the first year alone.
article by Lori Lakin Hutcherson (follow @lakinhutcherson)
Something tells me we will soon have to invent a new way to say “slay,” because if the boss moves perpetrated in the last two days by Beyoncé have shown us anything, they’ve shown us she has every intention of erecting on top of the foundation she laid with 2013’s “Beyoncé” an impenetrable Fortress of Slayage where the word will soon retire itself (because really, where else has it to go?).
To recap, not only did Queen Bey the day before the Super Bowl drop her “Formation” video – which the internet is still feverishly and giddily unpacking – she performed it at halftime, paid homage to the Black Panthers in the Bay Area on their 50th anniversary during the 50th Super Bowl, paid homage to Malcolm X with her squad’s literal formation, and then claimed the commercial space right after halftime to announce her Formation World Tour, which kicks off April 27 in Miami. Phew! No wonder “slay” is ready for a permanent vacation.
According to usatoday.com, the Formation World Tour will be hitting cities nationwide including Los Angeles, New York, Chicago, Boston, and Philadelphia. It ends June 12 in Hershey, Penn., before a string of European dates get underway June 28. Tickets go on sale beginning Tuesday for American Express and Beyhive fan club members, and to the general public starting Feb. 16. [Tour dates listed below.]
Beyoncé last toured the USA with her husband, rapper Jay Z, on the six-week On the Run Tour in summer 2014, which was filmed for a HBO special. The Formation World Tour is her first solo jaunt since the Mrs. Carter Show World Tour in 2013.
article by Anika D. via widewalls.ch
You may know that abstract art has made a big comeback on the art market, but how many of you know that abstractionism is also the favorite style of the presidential couple Barack and Michelle Obama? Unlike his forbearers, Barack Obama seems to be tired of looking at all those boring landscapes and stuffy portraits and that is why he decided to bring some excitement into the White House collection. Ever since he entered the office, Obama has been slowly adding abstract pieces to the residence, and although some traditionalists may be against his choice, we have to admit that there is nothing more American than the art of modernism or abstract expressionism.
Revamping the White House Walls
Even before Obamas moved to Washington their art interest was focused on contemporary art. One of their first dates was at the Art Institute of Chicago. Nevertheless, the Obama couple love story isn’t on our daily schedule and we need to focus on their art collection. Before Obamas moved to the White House, the collection comprised of more traditional American paintings, but the presidential couple decided to bridge the gap between tradition and modernity, introducing some modern American pieces, but keeping the sense of formality. Over the years, Obamas have borrowed dozens of works from various Washington museums and galleries including pieces made by by Robert Rauschenberg, Mark Rothko, and Jasper Jones among others.
Was it a good choice to place the Edward Ruscha’s piece about indecisiveness in the White House? I Think I’ll …, detail.
Obama Art Collection: A Special Focus on African-American Art
When it comes to the choice of the artworks Obamas wanted to display at the White House, the decision was motivated by their goal to diversify the collection, introducing artists from various backgrounds. The new collection is extended to include artworks created by African-American, Asian, Hispanic and female artists, focusing on the cultural diversity of the US art and history. Along with the modern masters, the collection is now richer for the works of African-American painter Alma Thomas and contemporary artist Glenn Ligon who has personally praised Obama’s decision to use art as a way of opening a dialogue between the races.
To read more, go to: http://www.widewalls.ch/obama-white-house-contemporary-art-collection/
article by Jack D’isidoro via dnainfo.com
QUEENS — An off-duty NYPD officer who was falsely arrested and beaten by fellow officers inside his own home was awarded $15 million by a federal jury on Wednesday.
Officer Larry Jackson, who is black, was beaten with batons, choked, kicked, sprayed in the face with pepper spray and had his hand fractured during the 2010 attack, according to his lawyer, who blames race biases on escalating the incident.
The confrontation began after Jackson’s wife called 911 to resolve a dispute outside their home, where they had just held their daughter’s birthday party.
When police arrived, they mistook Jackson for one of the agitators and began to physically subdue him, ignoring his repeated attempts to identify himself as a member of the NYPD, according to the lawsuit.
“Dude, it is my house and I am a police officer too,” Jackson told the arresting officers, according to the complaint. Jackson was then handcuffed and taken to the 113th Precinct stationhouse even after officers found his NYPD shield, which had been in his front pocket the whole time, the lawsuit says. “He’ll never be compensated for the disrespect he’s received from the police department,” says Jackson’s attorney, Eric Sanders.
The Brooklyn Federal Court jury found Jackson entitled to punitive damages from 12 individual officers totaling $2.6 million, in addition to $12.5 million in damages.
To read more, go to: https://www.dnainfo.com/new-york/20160204/st-albans/off-duty-nypd-officer-beaten-by-police-his-home-awarded-15m-by-city
article via thegrio.com
On Tuesday, February 9, Lt. Gen Nadja West will be honored in an official ceremony formalizing her promotion to three-star general, making her the first African-American woman to achieve that rank in the United States Army. She is also the highest-ranking woman of any race to have graduated from West Point.
The promotion and ceremony follows the 54-year-old’s confirmation by the Senate as the new Army Surgeon General and Commanding General, U.S. Army Medical Command (MEDCOM) as of December. As such, West will be assisting and advising the Secretary of the Army and Army Chief of Staff in relation to all health care matters in the Army, in addition to overseeing development, organization, policy direction, and other matters relative to the Army-wide health care systems.
“I was once an orphan with an uncertain future,” said West of the promotion and the new responsibilities facing her in the future. “And I am incredibly honored and humbled to lead such a distinguished team of dedicated professionals who are entrusted with the care of our nation’s sons and daughters, veterans and family members. While our Army and our nation face tough challenges in the future, I am confident that collectively we have the right skills, commitment, and talent to meet those challenges with mission success,” she added.
To read more, go to: http://thegrio.com/2016/02/04/nadja-west-black-female-three-star-general/
article by Stacy Tisdale via blackenterprise.com
In a closed call for members of the media, the White House highlighted ways in which President Obama’s economic policies have helped all African Americans but called out initiatives it’s pushing that will put more money in the pockets of single black mothers, particularly by passing the Raise the Wage Act.
The Act, which would raise the minimum wage to $12 over the next 5 years, was introduced by Senator Patty Murray (D-Wash), and Rep. Robert C. “Bobby” Scott (D-Va) last April.
Jason Furman, chairman of the Council of Economic Advisers, citing a study by the Economic Policy Institute, (EPI), told reporters one of the Wage Act’s most significant impacts would be felt by African American mothers, 40% of whom EPI estimates would see bigger paychecks.
“Steps like raising the minimum wage disproportionately helps those, like African American mothers, who were disproportionately affected by the economic downturn,” Furman tells BE.com.
“One of the lessons of our recent economic experience is that when you work to strengthen the overall economy it does have widespread benefits to all groups, but that’s not enough. It’s just not enough,” he adds.
At the current minimum wage, a single mom who works full-time to support two children is left more than $4,500 below the poverty line. At $12 per hour in 2020, that full-time working mother of two would earn enough from her job to safely be out of poverty, the EPI report finds.
To read more, go to: http://www.blackenterprise.com/money/obama-administration-pushing-for-higher-pay-for-black-single-mothers/
Jason Furman, chairman of the Council of Economic Advisers, citing a study by the Economic Policy Institute, (EPI), told reporters one of the Wage Act’s most significant impacts would be felt by African American mothers, 40% of whom EPI estimates would see bigger paychecks.
“Steps like raising the minimum wage disproportionately helps those, like African American mothers, who were disproportionately affected by the economic downturn,” Furman tells BE.com.
“One of the lessons of our recent economic experience is that when you work to strengthen the overall economy it does have widespread benefits to all groups, but that’s not enough. It’s just not enough,” he adds.
At the current minimum wage, a single mom who works full-time to support two children is left more than $4,500 below the poverty line. At $12 per hour in 2020, that full-time working mother of two would earn enough from her job to safely be out of poverty, the EPI report finds.
To read more, go to: http://www.blackenterprise.com/money/obama-administration-pushing-for-higher-pay-for-black-single-mothers/
article by Samara Lynn via blackenterprise.com
Robert F. Smith, the founder, chairman and CEO of Vista Equity Partners, made a $50 million commitment to Cornell University’s School Of Engineering, his alma mater.
His gift is being reciprocated. The school will be renamed the Robert Frederick Smith School of Chemical and Biomolecular Engineering at Cornell. The donation will also fund the Robert Frederick Smith Tech Scholars Program. The program will focus on providing financial aid, particularly for minority and female students.
“Robert’s generosity will not only elevate our School of Chemical and Biomolecular Engineering, but it will ensure it becomes more accessible than ever,” said Lance Collins, the Joseph Silbert Dean of Cornell Engineering. “I believe an affordable educational path from engineering in Ithaca to Cornell Tech in New York City, for those who wouldn’t otherwise be offered such an opportunity, will produce some of the sharpest minds in engineering and technology. I’m thankful Robert shares this vision and is making it a reality.”
Smith, who is No. 1 on the BE100s Private Equity list, was also recently listed on the Forbes 400—the magazine’s yearly list of the 400 richest Americans. He is the only African American male on the list. Under his leadership, Vista Equity Partners has become one of the world’s most successful investment houses. He received a degree in chemical engineering from Cornell in 1985.
To read more, go to: http://www.blackenterprise.com/news/billionaire-robert-f-smith-gives-50-million-to-cornell-engineering-school/