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In an effort to close the national wealth gap, seven black owned banks and Major League Soccer (MLS) announced a partnership last month. For the first time in history, MLS will provide a $25 million grant to the National Black Bank Foundation (NBBF). The partnership is described as a commercial financial transaction exclusively for Black […]
The country’s richest Black person has some thoughts on how corporate America can address structural racism. According to Forbes, Robert F. Smith believes that big banks and major companies should spend the next 10 years investing directly in technology, education, telecom, banking and healthcare infrastructures that support Black communities. Smith went as far as to […]
President Barack Obama’s proposed budget for 2017 would pour billions into education, clean energy, and Medicaid by increasing taxes on big banks and America’s wealthiest citizens. The $4 trillion proposal includes hundreds of billions of dollars in new taxes on capital gains and a newly imposed “Buffett Rule,” which would require millionaires to pay nearly 30 […]
