For Black CEOs in Silicon Valley, Humiliation Is a Part of Doing Business A questionable piece of advice often given to Black business leaders: Hire a White wingman. Will Hayes has grown accustomed to an awkward start to business meetings. On numerous occasions, venture capitalists would confuse Hayes, the head of software company Lucidworks Inc., […]
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Turbo Tax Scam
Senate Investigation Criticizes the IRS for Failing to Oversee Free Filing Program “Millions of Americans have spent billions on TurboTax and other tax prep that they shouldn’t have. The Senate’s Permanent Subcommittee on Investigations recommends the IRS advertise the free filing option.” A Senate investigation has found that the IRS has conducted little oversight of […]
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Hertz Ripping Off Shareholders
“This Is Just Unbelievable!”: Bankrupt Hertz Is Ripping Shareholders In a Pandemic Economy The pandemic and its economic consequences have occasioned any number of counterintuitive events in the financial markets. There has been Herbalife’s $600 million junk bond deal that the company used to buy back some of the stock of the company’s largest shareholder, […]
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H.B.C.U Survival Pt 3
Historically black colleges fight for survival, reopening amid coronavirus pandemic “We move to part three of this article speaking of our HBCU institutions and how they will survive in this pandemic crisis” FAMU maybe a solution ‘Impressive pivot’ When the spring semester started, fewer than 10% of courses offered at Florida A&M University in Tallahassee […]
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H.B.C.U Survival Pt 2
Historically black colleges fight for survival, reopening amid coronavirus pandemic “We move to part two of this article speaking of our HBCU institutions and how they will survive in this pandemic crisis” That approach may have been exposed by the pandemic as out of step with higher education business models, said Dale Whittaker, a former […]
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H.B.C.U Survival
Historically black colleges fight for survival, reopening amid coronavirus pandemic After Alabama announced its first confirmed COVID-19 case March 13, Miles College President Bobbie Knight began making calls. She knew the historically black private college would have to shut down its 76-acre campus in Fairfield and devise a plan to operate remotely, but the first […]
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Africa’s Covid-19 Outbreak
Covid-19 Outbreak in Nigeria Is Just One of Africa’s Alarming Hot Spots Dozens of doctors are infected and gravediggers are overwhelmed in Kano, Nigeria’s second-largest city, where inaction led to an unchecked outbreak. Across Africa, other hot spots are emerging. In the northern Nigerian city of Kano, some people say they now get four or […]
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CLO’s Now Instead Of CDO’s In “08” Pt 2
Looming Banking Troubles Like 2008 CDO’s now CLO’s 2020 “They’re at it again but this time it may really shut us down in complete collapse” So what sort of debt do you find in a CLO? Fitch Ratings has estimated that as of April, more than 67 percent of the 1,745 borrowers in its leveraged-loan […]
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CLO’s Now Instead Of CDO’s
Looming Banking Troubles Like 2008 CDO’s now CLO’s 2020 “This time it may collapse the entire economy sending us into a feudal system” GET READY AND HOLD ONTO YOUR WALLET After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, […]
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The Stock Market Trump’s Baby
Three Reasons Stocks Are Rising In an age punctuated with almost biblical chaos—plague, brutality, and surreal images of the president posing with a holy book he fumbles like a strange cut of meat—there has been one queasy and bizarre constant: “… and stocks rose.” On Wednesday, U.S. deaths from COVID-19 officially surpassed 100,000, and stocks […]