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If you’ve been following the stock market in recent days you may already be familiar with SoftBank, a multinational internet services and investment firm operating out of Japan. The business has received a ton of press since Monday morning after CEO Masayoshi Son announced a proposed $100 billion in investments over the next four calendar years. This plan, which was developed in collaboration with the incoming Trump administration , is projected to create 100,000 new jobs within the United States, particularly in artificial intelligence and similar internet-based infrastructure. Per the Wall Street Journal , SoftBank’s stock (SFTBY) received a massive bump in the day following the announcement, accounting for a 4.4 percent rise in the Japanese market and a 1.3 percent rise on the New York Stock Exchange . To better understand exactly what this means for our country, infrastructure and the stock market of today, we’ll have to take a moment to examine SoftBank’s business model and...
If “I know you lying” was a situation, it would be one where Black employees are the constant target of racism, discrimination, and blatant disrespect. There is no secret that America has a problem. Shoot, the world has a problem with Black people. Deeply rooted in inaccurate tropes, systems created for oppression, and perspectives shaped around negativity – Black people, constantly have to figure out how to navigate spaces not designed for their success. And while many are aware of the treatment mentioned above that can sometimes happen from white people to Black people; the LA Times recently reported that workplace abuse toward Black people is becoming more rampant among Latino colleagues.
The fight continues for Byron Allen’s lawsuit against media and communications giant, Comcast. On Monday, the Supreme Court dismissed a lower court case that would allow Allen to advance one step further in his $20 billion racial bias lawsuit against the media company, The New York Times reports. Allen, a former comedian turned businessman and entertainment media mogul filed a lawsuit against Comcast in 2015 , after the company refused to carry any channels controlled by Allen’s Entertainment Studios. The grounds of Allen’s suit are based on the Civil Rights Act of 1866, a law that prohibits racial discrimination in business contracts. Despite the legitimacy behind Allen’s claims the nine justices unanimously threw out the ruling. As a result, the case was handed back over to the San Francisco-based Ninth U.S. Circuit Court of Appeal to make the decision on whether Allen’s claims that Comcast’s refusal to carry Entertainment Studios’ channels was solely based on him being Black. The...