Friday, June 30, 2017

Black Business and Economics Stories for Week of June 26th, 2017

There are few Black Business stories in the main steam media this month

The chaos causing Trump presidency has sucked all the news-oxygen out of the room.  He makes the lazy news media's job very easy. An very profitable. And he makes the deep, complicated real-life media's jobs irrelevant. The media and Trump are making us dumber all the time.

So (me) how (me) does (it's all about) this (me) affect me ? Basically there is no Black Business news coverage any more. It's like unions, education, pensions, and the homeless. If we don't cover it, maybe the problem will go away.

Some of this is our own fault.  We need to do more original material rather than stealing the work of others. We need to do more long form stories and detailed research projects. So, to fund this new, expanded coverage, we are actively pooling our resources and investing in: Lottery Tickets.

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Anyway, here are some of the top Black Business and Economics stories for the month

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Johnson Publishing Company, which publishes Ebony and Jet, is closing shop in Chicago. It was sold to an investment company in Texas. JPC recently relocated its staff to Los Angeles.

Crain's Chicago has the story

Desiree Rodgers bailed out in May

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CNN covers the Black vs. White wealth gap. Same story; new day. (note: Watch out the CNN website is a gigantic ad-pump with very little in depth content.)

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MarketWatch looks at Mellennials. Why black and Latino millennials are struggling more than their white peers.

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Chicago Defender has an update on the Black Bank surge at Citizens Trust Bank in Atlanta

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The Root does an interesting analysis of police killings and payouts.  It's called "How much is a Black life worth? We calculate it."

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We have started watching "Cleveland Hustles" with Bonin Bough on CNBC
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The national urban league released the State of Black America 2017 report on May 2017. The report shows a slight overall improvement in many of the indexes. Thanks Obama.

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The Federal Reserve Bank of Atlanta named Raphael Bostic as a regional governor. Apologies if this was posted before even though it is a big deal


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