Macy’s Celebrates Black Creatives With Icons of Style

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The group of black honorees stand posing fiercely for the camera

-Macy’s celebrates Black creatives with today’s launch of Icons of Style, a collaboration with five Black visionaries to help move the fashion world forward. Featuring exclusive designs across ready-to-wear, men’s, and shoes by Zerina Akers, Misa Hylton, Aminah Abdul Jillil, Allen Onyia and Ouigi Theodore for brands found only at Macy’s, each creative artfully designed a fashion-forward capsule of must-have spring items, inspired by their unique perspective and dynamic style. Icons of Style is available now on macys.com and select store locations nationwide.

Zerina Akers for Bar III is designed with functionality, versatility, and a touch of statement making moments in mind. The capsule consists of mixed media suiting, chain link embellished body suits, strong shoulder knit dresses and a new play on proportion with the classic sweatshirt. True to the Bar lll aesthetic, the capsule is the perfect mix of both feminine and modern components.

Photo: Business Wire

“This collection is probably the most special because it is my first design collaboration. Through my styling work I have designed many things but never something under my own name. This is very special,” said Zerina Akers.

Misa Hylton for I.N.C. International Concepts

Misa Hylton for I.N.C. International Concepts is inspired by her personal style and love for fashion. The collection features bold, vibrant prints that take form in feminine suiting, printed blouses, and her love of the kimono; a symbol of her Black and Japanese heritage. Known for creating iconic looks for some of the music industry’s biggest stars, Misa’s extraordinary vision pairs well with I.N.C.’s focus on representing the most current trends.

“My designs vibrate on a high frequency. They bring happiness and excitement to the people who see them and want to wear them,” said Misa Hylton.

Aminah Abdul Jillil for I.N.C. International Concepts

Extending her love for creative self-expression and bold fashion moments, Aminah Abdul Jillil for I.N.C. International Concepts brings forth the power of the statement heel. Using her performing arts background as inspiration, Aminah mixes unexpected shapes and dramatic details to spark confidence in every step. Using gold hearts and chunky chains as signature details, the collection features a breadth of styles that are timeless, versatile, and collectible.

“This collaboration is exciting to me because it means for me, personally that dreams come true. That hard work pays off. That being different and not like everyone else is ok,” said Aminah Abdul Jillil.

Allen Onyia for I.N.C. International Concepts

Allen Onyia for I.N.C. International Concepts pays homage to Macy’s traditions as a leading department store incorporating iconic details with a modern, trend-forward look. The men’s collection is a nod to his own personal style while focused on accessible design. Allen effortlessly uses his exceptional eye to combine dynamic use of colors, patterns, and silhouettes into instantly covetable items all geared towards statement making style.

“This is a collection that celebrates this amazing opportunity Macy’s has provided me, and I wanted to put that celebration and feeling back into the collection and pay homage,” said Allen Onyia.

Read the full article at businesswire.

 

J.P. Morgan Creates Scholarship Program for Black College Students

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Jp Morgan building with sign. JP morgan is creating scholarships for black college students.

By Jeff Berman, Think Advisor

In the latest J.P. Morgan diversity and equity initiative, the firm has teamed with the United Negro College Fund to create the J.P. Morgan Wealth Management HBCU Scholarship Program. The initiative is part of the $30 billion Path Forward commitment to advance racial equity that JPMorgan Chase announced Oct. 8. Building on that commitment, J.P. Morgan Wealth Management said in March it set a goal to hire 300 more Black and Latino advisors by 2025.

The new scholarship program invests in students at historically Black colleges and universities who are interested in careers in financial planning “early on and creates a path for their long-term career success, strengthening the pipeline of diverse talent” for JPMWM, the firm and UNCF said in a joint announcement Monday. The program will provide scholarships and mentorships to students attending one of 11 HBCUs across the U.S. and help them develop the skills they need to grow a career as a financial advisor, they said.

JPMWM will award 75 scholarships annually over the next five years. Students receiving the scholarships will have the opportunity to participate in two summer experiences: the Advancing Black Pathways Fellowship Program and the first-of-its-kind J.P. Morgan Wealth Management Service Center Internship. After completing the internship program, students will also be eligible for another scholarship to be applied to their senior year.

“We’re committed to supporting diversity, equity and inclusion at J.P. Morgan Wealth Management, and that begins by investing in students early on and creating a path for their long-term career success,” according to Christopher Thompson, head of Diverse Advisor Experiences at JPMWM. “We look forward to unlocking an enormous talent potential while boosting interest in a career as a financial advisor, which has excellent growth potential,” he said in a statement.

Click here to read the full article on Think Advisor.

Rihanna releases first Savage X Fenty Pride collection

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Rihanna attends a Fenty event in February 2020 in an orange turtle neck

By Melissa Minton, Page Six

Rihanna is starting off Pride Month with a bang. The pop star’s Savage X Fenty lingerie brand launched its first-ever Pride collection on Tuesday, along with an accompanying campaign. “Pride is all about appreciating your authentic self,” Rihanna, 33, said in a statement. “I am very excited about this collection and showing love and support to the LGBTQIA+ community, which includes so many of our customers, team members and fans.”

Just last September, Savage X Fenty — which is now valued at more than $1 billion — announced an expansion into styles for men. The brand’s star-studded Pride campaign features model couple Ahmad Kanu and Rahquise Bowen, artist Aya Brown, plus-size model and dancer Dexter Mayfield, “RuPaul’s Drag Race” star Gigi Goode, transgender influencer Jaslene Whiterose, Fenty Skin model Jazzelle Zanaughtti, Rihanna’s personal hairstylist Yusef Williams and more.

Available in sizes from 30A to 42H and XS to 3X, the collection includes smoking jackets, jock straps, crop tops, hosiery, boxer briefs and even a whip. Prices range from $16.95 to $69.95, with purchases from the line supporting LGBTQ+ organizations including GLAAD, the Audre Lorde Project, The Caribbean Equality Project, INC., Trans Latin@ Coalition and the Trans Wellness Center.

Click here to read the full article on Page Six.

PNC Announces $88 Billion Community Benefits Plan

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black businessman working from home during pandemic on laptop wearing a suit smiling

The PNC Financial Services Group, Inc. (NYSE: PNC) recently announced a Community Benefits Plan to provide $88 billion in loans, investments, and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities over a four-year period beginning Jan. 1, 2022.

The Plan – developed in connection with the anticipated regulatory approval and closing of PNC’s pending acquisition of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA – covers the geographies currently served by PNC and the new geographies PNC will expand into through the BBVA USA acquisition.

The Plan incorporates, builds on and expands the pledges and plans previously announced by PNC and BBVA USA to help meet community needs, advance economic empowerment and address systemic racism.

Specifically, over the Plan period, PNC expects to:

  • Originate at least $47 billion in residential mortgage and home equity loans to LMI and minority borrowers and in LMI and majority-minority census tracts.
  • Originate at least $26.5 billion in loans to small businesses in LMI communities, majority-minority census tracts, businesses with less than $1 million in revenue and small farms.
  • Provide at least $14.5 billion in community development loans and investments across all markets, including at least $400 million for Community Development Financial Institutions (CDFIs) that help meet the banking and financial service needs of traditionally underserved communities.
  • Increase to at least $500 million PNC’s charitable giving, including sponsorships and philanthropic grants. This includes the continuation of BBVA USA’s existing multi-year grant and charitable sponsorship commitments with nonprofit organizations, and a commitment to maintain or increase the current levels of philanthropic support provided to community groups in Birmingham in recognition of the history of the city as the headquarters city of BBVA USA and its predecessor bank.

“As a Main Street bank, we believe that our success will be proportional to the prosperity we help create for our stakeholders,” said PNC Chairman, President and CEO William S. Demchak. “This plan reflects that belief and builds on our longstanding commitment to provide economic opportunity for all individuals and communities we serve, as reflected in PNC Bank’s and BBVA USA’s overall ‘Outstanding’ Community Reinvestment Act (CRA) ratings in each of our organizations’ most recent evaluations.” PNC Bank has consistently earned an ‘Outstanding’ CRA rating in every performance evaluation issued since enactment of the CRA more than 40 years ago.

PNC’s Community Benefits Plan was developed by PNC, in consultation with BBVA USA, and was informed by numerous community listening sessions that PNC held with the National Community Reinvestment Coalition (NCRC) that included representatives from more than 150 NCRC member organizations from across the combined PNC and BBVA USA footprint. PNC also held listening sessions with the National Diversity Coalition, the Greenlining Coalition, the California Reinvestment Coalition, Faith and Community Empowerment, and members of their respective organizations.

“We appreciate the leadership and commitment of PNC Bank to collaborate with us and our members to develop the largest-to-date community benefits plan,” said NCRC CEO Jesse Van Tol. “This plan is a significant commitment by one of the largest banks in the nation to increase investments, services and loans for low- and moderate-income communities and neighborhoods of color. It’s rewarding and makes me hopeful when institutions and communities can come together like this to make a meaningful commitment that’s intended to have a lasting impact on lives, families and neighborhoods.”

PNC’s Regional President and Community Development Banking teams will serve as key points of engagement in their local communities for identifying impactful local community development initiatives and acting as liaisons with local organizations. PNC will extend this model to the new markets it enters through its pending acquisition of BBVA USA.

“As we consulted with numerous groups across the country, we learned the concerns that are top of mind to our communities: focusing on home ownership as a foundation of wealth creation for current and future generations; finding solutions to help the unbanked and underbanked who have suffered disproportionately during this pandemic; and supporting small businesses and entrepreneurs by providing access to capital and credit on par with the access enjoyed by more affluent segments of our society,” said Richard Bynum, chief corporate responsibility officer for PNC. “We believe that our strategic focus on fostering economic empowerment, education and entrepreneurism in traditionally underserved populations and communities truly reflects the concerns of our communities and addresses each of these areas.”

“For over three decades, I have been fond of saying, ‘Banks are our neighborhoods’ best hope.’ The PNC plan directly responds to that hope,” said NCRC President and Founder John Taylor. “It will provide a much-needed influx of investment into critical programs that improve affordable housing, mortgage lending, small business development and economic development projects for low- and moderate-income people and neighborhoods coast-to-coast. This plan would have been impossible without the clear and unwavering commitment of PNC CEO Bill Demchak and other executive leadership at the bank, as well as the critical role our local community members played in our discussions with the bank.”

The Community Benefits Plan builds on PNC’s commitment to providing economic opportunity for all individuals and communities, including LMI and minority individuals and communities, as well as women, veterans and LGBTQ+ individuals and businesses. In addition, the Plan reflects PNC’s commitment to addressing systemic racism, promoting social justice and advancing diversity and inclusion, not just within PNC, but within the broader financial system and its communities.

In 2020 the PNC Board of Directors formed a Special Committee on Equity and Inclusion in order to provide oversight of these important issues. The Board’s Special Committee will also be responsible for oversight of PNC’s execution of the Plan.

PNC’s plan to better meet the needs of the unbanked and underbanked includes the addition of 20 new branches and 25 remote automated teller machines in LMI communities across PNC’s expanded footprint, and 10 mobile banking units primarily dedicated to servicing LMI communities. PNC also expects to increase its spending with diverse suppliers by at least 20% over the plan period.

PNC also plans to expand the reach of its innovative banking products and initiatives designed to meet the needs of LMI individuals, underserved communities and the elderly. This includes the company’s recent announcement of its groundbreaking Low Cash Mode℠ digital offering, which addresses the $17 billion that some studies estimate U.S. consumers pay each year in overdraft fees. Low Cash Mode℠ helps PNC’s Virtual Wallet® customers avoid overdraft fees and remain in the banking system through unprecedented account transparency and control to manage through low-cash moments or mis-timed payments. Low Cash Mode℠ launches nationwide in June and July. Pending regulatory approval and the anticipated close and conversion of BBVA USA customers to PNC’s systems later this year, it will be available to BBVA USA customers with Virtual Wallet accounts.

In addition, PNC will expand into its new BBVA USA geographies its SmartAccess and Foundation Checking accounts—two products that meet the Cities for Financial Empowerment Fund’s Bank On national certification. Bank On’s 2021-2022 Standards require low cost, no overdraft, and full-functioning features. PNC is the only bank with two Bank On certified products.

“PNC is committed to continuing to reduce barriers to banking, increasing access to financial services and capital, and implementing financial solutions that position LMI and minority-owned businesses for effective growth, development, and sustainability,” Bynum said.

Under the Community Benefits Plan, PNC also will create a Community Advisory Council that will meet semi-annually to discuss the bank’s progress toward the goals and objectives of the plan, as well as emerging areas of community need. In addition, PNC will host an annual Community Leadership Symposium for members of the Council, key representatives of its member organizations and other invited guests to discuss broader developments affecting community development needs and how financial institutions, like PNC, can best help to meet those needs.

Finally, under the Plan, PNC will increase recruiting from historically Black colleges and universities while also exploring opportunities to increase its recruitment from higher education institutions primarily serving Latinx students.

PNC will use its best efforts to meet and, where possible, exceed the goals included in the Plan, assuming regulatory approval and consummation of the planned acquisition of BBVA USA.

In Nov. 2020, PNC and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE and MAD: BBVA) announced a definitive agreement for PNC to acquire BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, headquartered in Houston, Texas, that operates 637 branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico. When combined with PNC’s existing footprint, the company will have a coast-to-coast franchise with a presence in 29 of the 30 largest markets in the U.S.

The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are typically identified by words such as “believe,” “plan,” “expect,” “anticipate,” “see,” “look,” “intend,” “outlook,” “project,” “forecast,” “estimate,” “goal,” “will,” “should” and other similar words and expressions, including, but not limited to, statements regarding the outlook for our future business and financial performance. Forward-looking statements speak only as of the date made. We do not assume any duty and do not undertake to update forward-looking statements. Forward-looking statements are necessarily subject to numerous assumptions, risks and uncertainties, which change over time. There are important factors that could cause our actual results, level of activity, performance or achievements, including those under the Community Benefits Plan, to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements in this press release, including, but not limited to, future changes to our business strategy, performance of the U.S. economy, or changes to the laws and regulations affecting us, our customers and the U.S. economy (including, but not limited to, tax laws and regulations), risks and uncertainties related to the acquisition of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, and the integration of the acquired business into PNC after closing, as well as the risks described in our Annual Report on Form 10-K for the year ended Dec. 31, 2020 and in our subsequent Securities and Exchange Commission filings. Thus, there can be no assurance that the Community Benefits Plan will achieve the results or outcome originally expected or anticipated by us. As a result, we caution against placing undue reliance on any forward-looking statements.

‘Ma Rainey’s’ hair and makeup team make history with Oscar win

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Viola Davis as Ma Rainey in “Ma Rainey’s Black Bottom" standing in front of a microphone with her right arm in the air while she sings

MARK OLSEN, LA Times

The hair and makeup team behind “Ma Rainey’s Black Bottom” — Sergio Lopez-Rivera, Mia Neal, and Jamika Wilson — made history when they were nominated for the Oscar, with Neal and Wilson being the first Black people recognized in the category. Now they have made history again as that category’s winners.

The team transformed Viola Davis into 1920s blues singer Ma Rainey, who, in the Netflix adaptation of August Wilson’s celebrated play, is seen during the course of one day spent largely in a sweltering Chicago recording studio. There are precious few photographs of the real-life Ma Rainey, so the team had to extrapolate much of its work from additional research.

Creating a period-accurate horsehair wig and a makeup look that would run and smear just so as the story progressed, the team devised a look that was part glamour and part grit, moving from precisely pulled-together to deliriously disheveled

Neal created the wigs; Wilson, Davis’ longtime hairstylist, put them on the actress. As makeup artist Lopez-Rivera, who also has a long-running collaboration with Davis, said of the character’s makeup and overall look, including her sweat, in an interview with The Times, “It was applied precisely to look messy.”

In accepting the award, Neal spoke of her grandfather, who was a Tuskegee Airman, represented the U.S. in the first Pan-Am Games and graduated from Northwestern University yet was barred from a job as a teacher because he was Black.

“So I want to say thank you to our ancestors who put the work in, were denied but never gave up,” Neal said. “And I also stand here as Jamika and I break this glass ceiling with so much excitement for the future. Because I can picture Black trans women standing up here and Asian sisters and our Latina sisters and Indigenous women. And I know that one day it won’t be unusual or groundbreaking, it will just be normal.”

Click here to read the full article in the LA Times.

A Black woman is hosting the Academy of Country Music Awards for the first time

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Mickey Guyton wearing a long sleeve black gown smiling at the camera and holding up her country music award

By Alexis Benveniste, CNN

Country music singer Mickey Guyton will make history Sunday when she hosts the Academy of Country Music Awards with Keith Urban.

The 37-year-old singer from Arlington, Texas, will be the first Black woman to host the awards ceremony.
And this isn’t Guyton’s first time making history in the country music world. In September 2020, she became the first Black female solo artist to sing her own song at the ACMAs. And in March, she became the first Black solo female artist to earn a Grammy nomination in a country music category. At the ceremony, she performed “Black Like Me,” her song that address the discrimination she has experienced as a Black woman. The song was released just eight days after George Floyd was killed.
The door to country music has long been closed to many Black artists, with just a handful of exceptions. Starting in the 1920s, record labels deliberately marketed what was once called “hillbilly music” as the music of the rural White South, historians say.
But the thumbprints of African American culture are stamped on virtually every facet of country music, including its vocal harmonies, instrumentations, and some of its most popular songs. Black artists helped build country music.

Click here to read the full article on CNN Business.

Kimberly Godwin Named President of ABC News

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Headshot of Kimberly Godwin

The Walt Disney Co. has named Kimberly Godwin president of ABC News.

Godwin, a longtime producer and executive at CBS News, will become the first Black woman to lead a broadcast news division. She succeeds James Goldston, who stepped down as president of ABC News earlier this year.

Godwin will start at ABC in early May and report to Peter Rice, chairman of Disney General Entertainment Content.

A top deputy to CBS News president Susan Zirinsky, Godwin was most recently executive vp news at CBS, overseeing all newsgathering worldwide for the venerable broadcast news division. She also had oversight of newsrooms at all the CBS-owned and operated TV stations.

Godwin also stepped in as ep of the CBS Evening News, helping to launch the revamped newscast under anchor Norah O’Donnell. She also served as executive director for development and diversity at CBS News, and as a senior broadcast producer for the Evening News. Before joining CBS News in 2007, she spent more than 20 years working in local TV newsrooms across the country, including leadership roles at WCBS New York, KNBC Los Angeles and KXAS in Dallas.

“Kim is an instinctive and admired executive whose unique experiences, strengths and strategic vision made her the ideal choice to lead the outstanding team at ABC News and build on their incredible success,” said Rice in a statement announcing the hire. “Throughout Kim’s career in global news organizations and local newsrooms, she has distinguished herself as a fierce advocate for excellence, collaboration, inclusion and the vital role of accurate and transparent news reporting.”

“I have immense respect and admiration for ABC News,” added Godwin in a statement. “As the most trusted brand in news, they are to be commended for the extraordinary work and dedication of the journalists, producers, executives and their teams across the organization. I am honored to take on this stewardship and excited for what we will achieve together.”

Photo Credit: The Hollywood Reporter via ABC/ Heidi Gutman

Continue reading the full article at The Hollywood Reporter

Meet the Founder of a Thriving Black-Owned, Vegan-Friendly Beauty Brand

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Nynoka Grant facing the camera in a white shirt while holding up the packaging for one of her products

By Black News

Meet Nynoka Grant, founder and CEO of Akoyn Beauty, an Atlanta-based Black-owned company that manufactures vegan-friendly personal care specialty products that are especially for women. Their premium soaps, skin creams, and body butter are handmade from the finest all-natural ingredients. Now, more than ever, taking care of yourself and remaining stress-free is a priority.

Nynoka comments, “Women are indeed running the world, wielding political power but also facing unfair burdens during the global pandemic. Some women are working from home while homeschooling children. Others are essential workers. Women across the world are remaining indoors for safety reasons. Pandemic life is different, and everyone has adjusted. However, self-care is not optional.”
She continues, “This is not the time to abandon everyday beauty routines. Caring for your skin must be part of a twice-daily ritual, and the right all-over-body products can keep every inch of your skin nourished.”

Her company’s Hydrating Body Balm and Moisturizer help to improve and maintain skin tone and texture, naturally, without harsh ingredients. Aside from aesthetics, healthy skin signals overall health. Women must take time for themselves. Women are so bogged down with responsibilities, bath time may be the only private time, but caring for others requires that you make yourself a priority.

Nynoka says she wants every woman tasked with taking care of someone else to make themselves a priority. “You need to because they need you,” she says. “Our products are invigorating. Lift your spirits. Lavish your skin with much-needed attention. Refresh twice a day to experience softer, smoother skin, and enjoy the delicate signature fragrance you’ll be glad to call your own.”

Akoyn Beauty’s products are created for every skin complexion, skin tone, and skin type—dry skin and sensitive skin. Available in Elegant Lavender, Pink Cranberry, Tropical Fruit, and Minty Lime, these signature fragrances are designed and infused with essential oils to make women feel wonderful.

Click here to read the full article on Black News.

Actor Hill Harper launches The Black Wall Street platform aimed at empowering investors of color

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Hill Harper wearing a blue coat jacket and smiling at the camera while he attends the Netflix Golden Globe Weekend Cocktail Party at Cecconi’s Restaurant

By Frank Holland, CNBC

Nearly a century after Black Wall Street — a center of Black business in the Greenwood district of Tulsa, Oklahoma, that was destroyed in a racial attack — “The Good Doctor” actor Hill Harper is launching a fintech app of the same name to empower investors of color.

The Black Wall Street app goes live on June 1 and will offer a digital wallet for peer-to-peer payment and the ability to trade cryptocurrencies like bitcoin and ether.

“What the Black Wall Street was in Tulsa and the Greenwood district is just very empowering,” Harper told CNBC about the once thriving Black business district.

“There were three pillars that created the wealth that was created in the Black Wall Street [in Tulsa],” he said, with the first two being institutional ownership and institutional trust by the community. “Pillar number three was the movement of money or capital within the ecosystem where dollars changed hands 60 to 100 times within a year before it left that Black community.”

Harper, who plays Dr. Marcus Andrews on the ABC medical show, said that dollars now leave the Black community within about seven hours. “I truly believe that unless we start owning our own fintech platforms, our own digital wallets, the dollar will leave within six to seven seconds.” said Harper, who also played Dr. Sheldon Hawkes on CBS’ “CSI: NY.”

The goal of The Black Wall Street app is to give Black and Latinx investors a gateway into the digital transformation of investing and provide financial education to customers on cryptocurrency.

Harper, a Harvard Law School graduate, said he began working with Black web developers last year before the Covid pandemic to build the app, which aims to capitalize on mobile device trends in communities of color.

According to a 2019 report from Pew Research Center, 23% of Black Americans and 25% of Latinx Americans are “smart phone only” internet users compared with 12% of white Americans. The Pew study also showed Black Americans use a smartphone for mobile banking more than any other group.

Harper said he’s hoping to attract “unbanked” consumers and more sophisticated investors looking for a Black-owned site for cryptocurrency purchasing. “It’s not just about transferring money to folks, it’s about transferring information, ideas, and building community, and we see that that is the real value and the real differentiator.”

Najah Roberts, a cryptocurrency expert and owner of Crypto Blockchain Plug — a brick-and-mortar location in Inglewood, California, for cryptocurrency education and purchasing — will serve as the chief visionary officer for the app. As part of the launch, The Black Wall Street is planning a 30-city financial literacy tour that begins on April 30 in Los Angeles, with stops in Tulsa on May 31, a century since the original Black Wall Street was destroyed in a riot by white residents. Roberts will lead the tour and give fractional bitcoin shares to people who sign up.

The Black Wall Street offering enters a growing industry of fintech apps that allow peer-to-peer transfers including Square’s Cash App from PayPal’s Venmo. Visa estimates there is $4 trillion market for apps that replace the use of cash and checks in the United States. Rapper Killer Mike also launched this year the Greenwood app, another digital platform for investors of color.

Click here to read the full article on CNBC.

In ‘Them,’ a Black Family Is Haunted by Real-Life Monsters

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From left, Deborah Ayorinde, Melody Hurd, Shahadi Wright Joseph and Ashley Thomas in “Them,” a new horror series from Amazon. The malevolent force at work here is racism.Credit...

Want to hear a scary story? Here’s one: A family reckoning with a senseless, pervasive horror flees home to what they hope will be a place of safety and prosperity, only to find themselves pursued by that same demented presence.

Evil forces gather — their new home is haunted, too. Bloody visions terrorize them day and night. The dog is poisoned. It’s only a matter of time before the bodies start mounting.

PHOTO: NYTIMES

But in the 10-part Amazon series “Them,” as in any good horror story, there is a twist: The victims are simply a middle-class Black family in the 1950s, seeking a better life in a Los Angeles suburb; the senseless horror is the racism of their white neighbors, who want them out. As the situation devolves, certain terrifying events may be supernatural, or they may be psychological.

And yet, as the series, the first season of which drops on Friday, asks: Does that distinction matter when the danger is ever-present?

“As the sinister elements outside the home ratchet up, that obviously allows for the cracks and fissures within each of them to be infiltrated by something malevolent,” the series’s creator, Little Marvin, said of the Black family at the center of “Them.” “But that malevolent thing, as sure as there is a supernatural component to our story, is deeply rooted in the emotional and psychological lives of these characters.”

It must get hard to believe your own eyes when your senses are being shocked over and over by cruelty, I said.

“Welcome to being Black,” Little Marvin replied.

Welcome, also, to the legacy of codified racism in America, which provided Little Marvin with a conceptual starting point for “Them.” Like the Jordan Peele film “Get Out” or last summer’s HBO hit “Lovecraft Country,” “Them,” which counts Lena Waithe as an executive producer, uses horror-genre conventions as allegorical octane for racist machinery that is all too real. And as “Watchmen” did for the 1921 Tulsa Race Massacre, the show is likely to educate many viewers on an ugly relic of American history that is not widely acknowledged: racially restrictive housing covenants.

If real estate legalese doesn’t sound like fodder for an edge-of-your-seat horror story, consider the implications. Just as government redlining helped create and reinforce segregation by determining who was eligible for mortgages, racial covenants did the same by restricting who was allowed to buy a property at all, finances be damned. A deed might explicitly forbid all owners, present and future, from selling the home to anyone of African or Asian descent. Many older deeds still bear such language

“Any house that was built between 1938 and 1948, in a subdivision, I would be surprised for it not to have racial restrictions in them,” said Carol M. Rose, a professor emeritus at Yale Law School who has studied racial covenants extensively. Those restrictions, Rose explained, which first appeared in the late 19th century, exploded in the early 20th century as farmlands were subdivided for large swaths of new housing

Racial covenants were notoriously common around northern cities like Detroit and Chicago — the Midwest didn’t mandate separate drinking fountains, but segregation and violence were just as real. And California was no different. A Supreme Court decision in 1948, Shelley v. Kraemer, made racial covenants no longer enforceable, creating opportunities for nonwhite families in places like Compton, Calif., where “Them” is set.

Deprived of a legal means of keeping their neighborhoods white, some racists resorted to extralegal methods, which is where the horror really begins. Sometimes the method was vandalism. Others, a Molotov cocktail.

“California is part of the story because people think that California is this sort of easy, breezy racial space, and no, it’s terrible,” said Jeannine Bell, a law professor at Indiana University who wrote “Hate Thy Neighbor,” a book about the violence faced by people in integrating neighborhoods. “It’s terrible for precisely the reasons that this series explores. The methods used in the Midwest were also used in California.”

The Emory family of “Them” flees the South as part of the Great Migration, in which, from 1916 to 1970, an estimated 6 million Black people left the region for cities of the North and West. Like them, the Emorys seek economic opportunity; the father, Henry (Ashley Thomas), is a college-educated engineer and World War II veteran, and he has relatives in the Los Angeles neighborhood of Watts. When he lands a job out West, the family hits the road.

Read the full article at NYtimes.com

Target says it will spend more than $2 billion with Black-owned businesses by 2025

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People stand in line at Target in Kips Bay during the coronavirus pandemic on April 14, 2020 in New York City.

By Melissa Repko, CNBC

Target said it will hire more Black-owned companies, launch a program to identify and support promising minority entrepreneurs and add products from more than 500 Black-owned brands to its shelves or website.

Altogether, the discounter said Wednesday, it will spend more than $2 billion with Black-owned businesses by 2025.

“We have a rich history of working with diverse businesses, but there’s more we can do to spark change across the retail industry, support the Black community and ensure Black guests feel welcomed and represented when they shop at Target,” chief growth officer Christina Hennington said in a news release.

The killings of George Floyd, Breonna Taylor, Ahmaud Arbery and protests across the country have ratcheted up pressure on corporate leaders to advance racial equity and do more than simply cut a check — or risk losing business. The uneven death toll of the coronavirus pandemic and financial toll of the recession also spotlighted the country’s sharp racial disparities with health care and economic opportunity.

Floyd was killed in Target’s hometown of Minneapolis, now the site of the murder trial for the police officer who kneeled on Floyd’s neck. One Target store, located near the site of Floyd’s death, had to be completely rebuilt and some of its other stores were damaged during rioting.

Companies have spoken out about diversity and inclusion as consumers pay attention and some direct their dollars toward businesses that align with their values. Generation Z — the group of teens and early 20-somethings who are aging into shopping and establishing relationships with brands — care more about social justice compared with former generations, according to an annual survey of teens by Piper Sandler released Wednesday. Teens surveyed by the firm ranked racial equity as their most important political and social issue, followed by the environment and Black Lives Matter.

Over the past year, major retailers like Nike, Walmart and Ulta Beauty have rolled out their own pledges, such as devoting more shelf space to Black-owned products, evaluating how they hire and promote employees, featuring more Black people in their ads and reducing the number of police or security in stores to prevent racial profiling. A growing number of retailers, including Macy’s, Sephora and Gap, have signed on to the 15 Percent Pledge, which aims to make Black-owned products on store shelves proportional to the country’s Black population.

Among Target’s changes, the retailer said it will more actively seek out advertising firms, suppliers, construction companies and other kinds of businesses that are Black-owned. It said it will create a program called Forward Founders for early-stage start-ups led by Black entrepreneurs to help them develop, test and scale products to sell at mass retailers like Target. It will be modeled off of Target Accelerators, a program for start-ups that the retailer uses to foster up-and-coming brands and ultimately, to sell fresh and exclusive products that attract customers and help it differentiate from competitors.

In some categories, such as beauty, Target said it already has 50 Black-owned and Black-founded brands — but would like to add more for other kinds of merchandise.

Click here to read the full article on CNBC.

Just 3% of L.A. landmarks are linked to Black history. One project aims to change that

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St. Elmo Village, an artists’ enclave occupying a compound of 10 Craftsman bungalows, was founded in 1969 by artists Roderick and Rozzell Sykes as a place where children and adults could explore their creativity. The site is one of L.A.'s few designated landmarks linked to Black heritage.

MAKEDA EASTER, Los Angeles Times

Getty and the city of Los Angeles are expected to announce Tuesday the launch of the African American Historic Places Project, a three-year initiative to identify and preserve landmarks that represent Black heritage across L.A.

Led by the Getty Conservation Institute and the Office of Historic Resources within L.A.’s Department of City Planning, the project will address a disparity in local landmark designations: Only about 3% are connected to African American heritage. The goal of the project is to more accurately reflect the history of the city.

The Office of Historic Resources knows that its landmark designation programs do not yet reflect “the diversity and richness of the African American experience in Los Angeles,” said Ken Bernstein, principal city planner and manager of the office. “There’s much work to be done to rectify that disparity and ensure that the heritage of African Americans in Los Angeles is fully woven into our historic designation, and recognition of historic places in Los Angeles.”

The project is a continuation of a nearly 20-year partnership between the Getty Conservation Institute and the city on local heritage projects.

In 2005, a city-matched grant of $2.5 million from the GCI launched a program to identify and map places of social importance, including historic districts, bridges, parks and streetscapes.

Data from surveys conducted between 2010 and 2017 led to the creation of HistoricPlacesLA, a digital portal designed to inventory, map and contextualize the city’s cultural heritage sites. In 2018, the Office of Historic Resources developed a model to guide preservation work in Black communities, using themes including civil rights, religion and spirituality and visual arts.

Click here to read the full article on Los Angeles Times.

THE WEEKND DONATES $1 MIL FOR 2 MILLION MEALS … To Help Ethiopians

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A headshot of the weeknd from a concert of his with the WFP logo next to him

By TMZ

The Weeknd is getting involved with the military conflict in Ethiopia — donating a million dollars, which will provide food for people who need it there.

The singer, who is of Ethiopian descent himself, partnered with World Food Program USA — a UN World Food Programme affiliate — to send over a million bucks toward relief efforts in the North African country … which has been mired with bloodshed and chaos for months. Specifically, Abel’s money will provide the equivalent of 2 million meals for citizens there who have been caught in the middle of the feuding factions … many of whom are running out of resources, like food.

TW says, “My heart breaks for my people of Ethiopia as innocent civilians ranging from small children to the elderly are being senselessly murdered and entire villages are being displaced out of fear and destruction.” He goes on to encourage others who can to donate as well.

If you haven’t heard, Ethiopia has been embroiled in a bitter battle with its own people since November — when Prime Minister Abiy Ahmed ordered an attack on the Tigray People’s Liberation Front — the ruling party in the northern part of the region.

Click here to read the full article on TMZ!

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