Chris Brown said, “These girls ain’t loyal,” but who would have thought that reference would be true for banking institutions? Now, it is no real shocker that large banks often act in the best interest of their own bottom line, but the most recent discovery about Bank of America may cause some to clutch their pearls. In an alleged internal memo obtained by The Intercept, Bank of America seems to have some odd “hopes.”
Aug 1, 2022
Black men are unemployed at a much higher rate than their counterparts — and it’s creating an economic crisis in the country. According to the Atlanta Black Star, Black communities take a hit totaling $50 billion annually in costs due to this unemployment crisis. “Black people need to take this report and take it to their elected official and say ‘You need to do more because you don’t fully realize how big this problem is,’” said Algernon Austin, who authored the study initially published by the Center for Economic and Policy Research. “I’m hoping that this work serves to inspire people, and, frankly, particularly Black men.” And that’s just the beginning of the problems, according to Austin. Using data going all the way back to 2014, he revealed that Black men between the ages of 25 to 54 would have to get nearly a million jobs (947,000, to be exact) to be on par with their non-Black counterparts and close the economic gap. What’s more, if one million of them got jobs and kept...
Jan 4, 2022