economy
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Starbucks, Goldman Sachs, ACLU and Others Pledge to Tackle Racial Wealth Gap by Boosting Black Employment and Business Investments
Some of the biggest companies in America say they will put their considerable might behind a mission of closing the massive wealth gap between Black people and white people in this country. According to analysis by Brookings Institute, the median wealth held by Black households in the U.S. is not even 15 percent of the…
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Federal Program Will Send Every Chicago Public Schools Student $450 for Food Expenses
I’m sure at this point you don’t need me to reiterate how disruptive the coronavirus pandemic has been. In an effort to help address how the lack of in-person schooling has potentially affected some students’ ability to get a good meal, families of Chicago students will receive $450 to help assist with food expenses. According…
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Russell Westbrook Helps Varo Bank Secure $63 Million Investment, Will Address Financial Inequality as Advisor
I will never in life seek his counsel on fashion choices, but when it comes to money moves, Russell Westbrook is no joke. On Thursday, Varo Bank, America’s first all-digital nationally chartered bank, announced that the nine-time NBA All-Star has come on board as both an investor and advisor. In this capacity, he’ll have direct…
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‘I Will Not Make That Happen’: Biden Says No to $50,000 Student Debt Forgiveness
Get ready to lower your expectations if you’d been hoping that President Biden would heed the call of some Democrats to cancel student debt up to $50,000 per borrower. The president outright rejected that idea during a town hall hosted by CNN in Milwaukee on Tuesday. After a member of the audience asked Biden how…
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Florida Republican Wants to Exclude Felons From Minimum Wage Increase Because Florida Republicans Are Terrible People
Is it just me, or do Florida Republicans just really hate not being evil? We talk a lot of shit about Florida—about how it’s filled with crazy white people, how it looks like America’s dong and how the GOP dicks in office reflect that image—and sometimes I do feel like the state gets a bad…
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Red Table Talk Exclusive Clip: Ice Cube Says Black Folks Are Misled to Believe 'America Is a Household That's Broke'
The Red Table Talk may look a little different this year due to the pandemic, but the content is still as hot as the color of the table. Details of the newest episode via an official press release sent to The Root: “Fed Up and Fired Up: Ice Cube’s Bold Plan for Black America” |…
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White People Have Recovered 60 Percent of the Jobs They Lost During This Recession. For Black Folks, That Number Is Far Lower
Earlier this year, protests to “open the economy” saw disproportionate amounts of white people flocking to the streets, many of them sans masks, to push back against measures local and state governments had taken to control the spread of the novel coronavirus. Now, as parts of the economy have opened up in recent months, data…