Category: Economic Trends

Ludacris Teams With Google For “Buying All Black” Campaign Video Featuring Flo Milli: Watch

“I’ma buy all Black, I’ma buy all Black!” Three-time Grammy-winning multifaceted rapper Ludacris has partnered with Google to bring forth his new single and interactive video “Buying All Black” featuring Flo Milli and 70 Black-owned businesses. The musical effort was released to promote the third annual “Black-owned Friday” nationwide campaign. Luda raps: “Ok I’m buying all black,… Read More Ludacris Teams With Google For “Buying All Black” Campaign Video Featuring Flo Milli: Watch

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What Will Chris Smalls Do Next?He did the impossible: Unionize an Amazon warehouse. Then the hard part began.

In early April, Chris Smalls drove down Canal Street, a blunt in his left hand and an iPhone in his right. He somehow juggled the steering wheel, too, guiding his boat-size Chevy Suburban through Saturday-evening traffic, glancing every so often over the wheel before looking back at the YouTube video playing on his phone. As… Read More What Will Chris Smalls Do Next?He did the impossible: Unionize an Amazon warehouse. Then the hard part began.

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Rents Soar for Millions of Americans as Threat of Eviction Looms

Rents are soaring in many U.S. cities as the economy rebounds, squeezing the budgets of tenants who also face increased risk of eviction after courts overturned a pandemic-era ban. There’s no single indicator that captures a complex national picture, as Covid-19 drove major shifts in where people live and work. Still, data point to tight… Read More Rents Soar for Millions of Americans as Threat of Eviction Looms

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What Happened in California Is a Cautionary Tale for Us All

A voter-approved measure strips gig workers of basic protections enjoyed by employees in other businesses. What happened in California? Despite the state’s liberal reputation, voters there last week approved Proposition 22, a ballot initiative exempting many gig companies from state workplace laws and stripping their workers of basic, essential protections. Uber, Instacart, Lyft, DoorDash and… Read More What Happened in California Is a Cautionary Tale for Us All

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F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Bill

The Senate relief bill would send money to Americans and greatly expand unemployment coverage. The Senate unanimously passed a $2 trillion economic rescue plan on Wednesday that will offer assistance to tens of millions of American households affected by the coronavirus. Its components include stimulus payments to individuals, expanded unemployment coverage, student loan changes, different… Read More F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Bill

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Morehouse Graduates’ Student Loans to Be Paid Off by Billionaire

Not even Morehouse College administrators knew the announcement was coming. Addressing the college’s class of 2019, Robert F. Smith, a man who is richer than Oprah Winfrey, made a grand gesture straight out of the television mogul’s playbook. “My family is going to create a grant to eliminate your student loans,” he said on Sunday… Read More Morehouse Graduates’ Student Loans to Be Paid Off by Billionaire

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Lyft’s I.P.O. Was a Huge Success, Just Not for Investors Who Bought on Friday

Lyft’s stock market debut has set up its founders, employees, early backers and even those who scored shares in the initial public offering Thursday night for quite a windfall. But not everyone who invested in the company is reaping the spoils. Shares of the ride-hailing company rose nearly 9 percent on Friday. At over $26… Read More Lyft’s I.P.O. Was a Huge Success, Just Not for Investors Who Bought on Friday

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