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Employers are increasingly saying you don't need a college degree to get hired, but secretly, you still kind of do. During the same period, the share of job postings asking for a college degree or higher fell to 17.8% from 20.4%. In 2023, The New York Times' editorial board applauded various efforts in the public and private sectors to ax degree requirements for jobs. Having inflated degree requirements perpetuates the cycle of inequities in the workforce." A move toward skills-based hiring is a good thing socially, economically, and practically.
Persons: George Floyd's, didn't, It's, Matt Sigelman, Cory Stahle, would've, you've Organizations: aren't, The New York Times, Carlton, Harvard Business School, Glass, Apple, Walmart, ExxonMobil, Glass Institute, Employers
In 1940, Benjamin O. Davis Sr. became the first Black person to achieve the rank of brigadier general in the US Army. Twenty years after his father made history, Davis Jr. became the first Black brigadier general in the Air Force in 1960. Davis Sr. was born in Washington, DC, less than 20 years after the ratification of the 13th amendment, which abolished slavery. So, Davis Jr. moved alone to Chicago for nearly two years to secure the nomination and his spot at West Point. “So, (the Army) provided no opportunities for African Americans to lead troops, it provided no opportunities before 1940 for African Americans to fly airplanes, there were no African Americans in the Marine Corps,” Moye added.
Persons: Benjamin O, Davis, Davis Jr, “ Davis, , J, Todd Moye, , White, ” Moye, Sr, West Point Davis, Oscar S, De Priest, Illinois, ” “, Doug Melville, , America’s, Ben Jr, ” Benjamin O, Simon, Simon & Schuster, Franklin D, Roosevelt, Moye, Army shouldn’t, Harry S, Truman, Melville, Le’Trice Donaldson, ” Donaldson, Bill Clinton, Davis , Jr, ” Clinton, ” Melville Organizations: CNN, US Army, Tuskegee Airmen, Air Force, University of North, Service’s Tuskegee, Guard, 8th US Volunteer Infantry, Army, Army’s, of, 9th Cavalry, Buffalo Soldiers, Army War, Corps, West Point, African, Blacks, Tuskegee Institute, 99th Fighter Squadron, 332nd Fighter Group, Chanute Air Museum, Simon &, Marine Corps, Alabama’s Tuskegee Army, US Air Force, Armed Services, United States Army, United States Air Force, Black, Texas, Corpus Christi, Department of Transportation, Federal Air Marshal Service, America Locations: University of North Texas, Washington ,, Spanish, Philippines, Mexico, American, France, Chicago, West, West Point, Italy, Washington, America, North Africa, Sicily, Vietnam,
AdvertisementHe went on to claim that Black people walk around with photos of his mug shot on $19 T-shirts — which he claimed was the "number one" mug shot, followed by Elvis Presley and Frank Sinatra's. Fulton County Sheriff's OfficeTrump's latest comments about Black people come as he and his allies seek to secure a historic share of the Black vote for Republicans. Despite persistent accusations of using racist language over the years, Trump won 12% of the Black vote in 2020, which was the highest a Republican president has received in recent decades. Jasmine Harris, the Biden campaign's media director, who is Black, said Trump was an "anti-Black tyrant" and "the proud poster boy for modern racism," per NBC News. Trump holds Black Americans in such low regard that he "publicly dined with white nationalists a week after declaring his 2024 candidacy," she said.
Persons: , Donald Trump, he's, Trump, I'm, Elvis Presley, Frank Sinatra's, Alexey Navalny, Joe Biden, Vladimir Putin, Sen, Tim Scott, Ben Carson, Jasmine Harris, George Floyd's, Harris Organizations: Service, Black Conservatives, Black Conservative, Trump, Republican, Black, Office, Republicans, Department of Housing, Urban, Biden, NBC, Central Locations: Columbia , South Carolina, Fulton, Fulton County, South Carolina
… On top of everything else, Joe Biden really has proven to be a very nasty and vicious racist. He’s been a racist,” Trump said. He also claimed Black Americans have “embraced” his mug shot more than anyone else. “The mug shot, we’ve all seen the mug shot, and you know who embraced it more than anybody else? You see Black people walking around with my mug shot, you know they do shirts,” Trump said.
Persons: Donald Trump, Joe Biden, , Biden, , He’s, ” Trump, Trump, Strom Thurmond, I’m, ” “, Organizations: Columbia, South Carolina CNN, Republican Party, CNN, White, Black Conservative Federation in Locations: South Carolina, Black Conservative Federation in Columbia , South Carolina
Generational wealth makes investments more importantIn short, generational wealth is the wealth that’s passed down through a family from generation to generation. AdvertisementIn order to understand generational wealth, I had to understand the history of Black people in America. He and his siblings didn’t receive generational wealth when their parents died, and they also didn’t have the same opportunities as white families. AdvertisementNow that I understand generational wealth, I’m still frustrated, but I no longer feel like I’m inadequate or unintelligent, because I now understand the privileges that I didn’t have. Fortunately, now I can take my frustrations about generational wealth and use it when I go to the voting booth.
Persons: I'm, I've, That’s, didn’t, you’re, we’d, grandpa, I’m Locations: America, Modesto , California
Maskot | Digitalvision | Getty Images'Homeownership has a lot more expenses than renting'"Homeownership has a lot more expenses than renting: taxes, insurance, maintenance, down payment. All these factors need to be considered," said Cherry, a member of CNBC's Financial Advisor Council. "Understand what it is to be a homeowner and how things work," said Elliott, also a member of CNBC's Financial Advisor Council. "The cost of homeownership versus renting has been made [it] daunting to become a homeowner. "At the end of the day, what good is being a homeowner when you can't provide basic necessities for yourself and your loved ones?"
Persons: Cherry, Kamila Elliott, Elliott, Susan M, Wachter, Preston D, Jacob Channel Organizations: Digitalvision, Getty, CNBC's, CFP, Wealth Partners, CNBC, Council, The Wharton School, University of Pennsylvania, Cherry Locations: Atlanta, U.S
CNN —Menthol cigarette bans are effective at getting people to quit smoking, new research finds. The pooled results show that about a quarter of menthol smokers quit within a year or two when the substance is banned from cigarettes. Menthol cigarette smoking rates were lower in settings with national bans and highest when there were only local or statewide bans. Even if just a quarter of menthol smokers quit, it could improve the health of thousands of people. Menthol itself isn’t addictive, but menthol cigarettes are more attractive to new smokers, studies show, because the flavoring masks the harsh taste and smell that may put some new smokers off.
Persons: Biden, Dr, Sarah Mills, , Mills, Menthol, ” Mills, We’ve, menthols, Rafael Meza, Sanjay Gupta, Meza, There’s, ” Meza Organizations: CNN, US Food and Drug Administration, Tobacco Research, European Union, Food and Drug Administration, Department of Health, Gillings School of Public Health, US Centers for Disease Control, CDC, Studies, Foreign Relations, CNN Health, Cancer Research Institute Locations: Canada
The Black homeownership rate saw a modest annual uptick to 44.1% in 2022 from 44% in 2021, but remains significantly behind the White homeownership rate of 72%, the report found. A stubborn racial homeownership gapEven with some improvement in the Black homeownership rate, the change has done little to close the yawning gap between Black and White homeownership. Over the past decade, the gap between the two groups’ homeownership rates has worsened, expanding from 27 points to 28 points. Other states with high Black homeownership rates include South Carolina and Delaware, each at 55%. Plus, the median household income for Black Americans was $47,800 in 2022, while the median income for White Americans was $75,700.
Persons: Sharan White, Jenkins, , , ” White, Black, homeownership, Jessica Lautz, Black homebuyers, ” Lautz Organizations: DC CNN, National Association of Realtors, American, Survey, Census Bureau, NAR, Joint Center for Housing Studies of Harvard University, Black, White Locations: Washington, Jamaica, Queens, New York City, Virginia, Brooklyn, Queens , New York, Wyoming, North Dakota, Mississippi, Black, South Carolina, Delaware
Overlaid on that picture is the company name, Grier Shoe Shop, and its address — which is part of an area known as Black Wall Street. With these ventures, she's part of a growing class of Black entrepreneurs tapping into Tulsa's history for inspiration and resources for support. He also won a grant from a Black Wall Street organization. The Black Wall Street Mural in the Greenwood district of Tulsa, Oklahoma, on Friday, June 19, 2020. Greenwood, known as Black Wall Street, was one of the most prosperous African-American enclaves in the U.S. before it was burned down by a white mob in 1921.
Persons: Venita Cooper, Parnia Mazhar, Grier, Silhouette, They've, Cooper, Dominick Ard'is, George Floyd, Ashli Sims, she's, Sims, North Martin Luther King, Edna Martinson, It's, Martinson, LaTanya White, he's, Adesanya, Grant Warner, James Lowry, Lowry, who's, Greenwood, Christopher Creese Organizations: Silhouette, NBC News, Tulsa, Build, Art, NBC, North Martin Luther King Jr, Ku Klux, House, Art Basel, Southwest, Black, Stanford, National Bureau of Economic Research, Creative, CNBC, Harvard Business School, Center for Black Entrepreneurship, Black Economic Alliance Foundation, Boston Consulting, Bloomberg, Getty Locations: Greenwood, Tulsa , Oklahoma, TULSA, Tulsa, North, Miami, South, Austin, U.S, PalmPlug, Seattle, America
Al Drago | Bloomberg | Getty ImagesAfter vowing to "substantially" reduce audits on a low-income tax credit in September, the IRS confirmed it's taking steps to address the inequity. "We also are testing changes in the audit selection algorithm," that could "remediate the disparate impact that has been occurring," he said. The report pointed to a faulty software algorithm used by the agency that selects who gets audited and noted the earned income tax credit contributed to this disparity. The credit has a high 'improper payments rate'In 2022, about 23 million filers received $57 billion from the earned income tax credit, and the tax break averaged $2,541. For tax year 2023, the credit is worth up to $7,430 for a household with three or more children, according to the IRS.
Persons: Danny Werfel, Al Drago, We've, Werfel, Erin Collins Organizations: Washington , D.C, Bloomberg, Getty, IRS, Stanford University, University of Michigan, U.S . Department of, Treasury, University of Chicago, Senate Finance Locations: Washington ,
Homeownership is out of reach for many Americans — especially for Black Americans. In the country's largest metropolitan areas, Black people own a disproportionately small share of homes relative to population size, according to a new report from LendingTree. In 2022, Black people made up an average of 14.99% of the population across the 50 largest metropolitan areas of the U.S., but owned an average of 10.15% of owner-occupied homes in such places, the report found. "Relatively speaking, Black people don't own that many homes," said Jacob Channel, a senior economist at LendingTree who authored the study. The study ranks the nation's 50 largest metropolitan statistical areas by the difference between the percentage of owner-occupied homes in a metro owned by those who identify as Black and the share of an area's population that identifies as Black.
Persons: Homeownership, Jacob Channel, LendingTree Organizations: Black, Finance, IRS, Survey Locations: LendingTree, U.S, Memphis , Tennessee
In my debut novel, a family retraces their lineage in order to be eligible for the nation’s first federal reparations program for Black Americans. The idea that the United States could ever collectively support a national reparations policy for Black people seemed, well, the stuff of fiction. Since then, reparations task forces and commissions have been created in California, Illinois, New York and Pennsylvania. To address systemic inequalities rooted in federal law, a federal reparations policy is required. I decided to write about reparations after researching the racial wealth gap, the statistics of which continue to paint a picture of widespread systemic failure.
Persons: Jim Crow Organizations: Black Americans, Consumer Finances, National Association of Realtors, White Americans, White Locations: Evanston, Ill, United States, California , Illinois, New York, Pennsylvania, State
Two of the largest Black church groups in Georgia are formally uniting for the first time to mobilize Black voters in the battleground state ahead of the November presidential election. The two congregations, the African Methodist Episcopal Church and the Christian Methodist Episcopal Church, plan to combine their resources and their more than 140,000 parishioners in the state for the get-out-the-vote program, which they are set to announce on Monday at the Georgia Capitol. Their efforts, which for now will be concentrated only in Georgia, are meant to reinvigorate the Black church as a powerful driver of voter turnout at a time when national polls point to lagging political energy among Black Americans — and slipping enthusiasm for President Biden, who owes his 2020 rise to the White House to their support. The two churches have long broadly pushed to expand and protect civil rights and voting rights across the country, but they have generally not coordinated their messages or shared resources.
Persons: , Biden Organizations: Black, African Methodist Episcopal Church, Christian Methodist Episcopal Church, Georgia Capitol Locations: Georgia
Closing the wealth gap is more difficult because a significantly larger number of white households traditionally have money in stocks and mutual funds. A separate Fed survey shows that as of 2022, about 65.6% of white households had investments in stocks, compared with 28.3% for Hispanic households and 39.2% for Black households. More than 50% of Black financial wealth is invested in pensions, the New York Fed found. In contrast, less than 30% of white financial wealth is invested in pensions, with about 50% invested in businesses, equities, and mutual funds. In April of 2020, more than 40% of Black business owners reported they were not working, compared with only 17% of white business owners.
Persons: , Janelle Jones, Jones, Walley Adeyemo, Adeyemo, ___, Charles Schwab Organizations: New York Federal Reserve Bank, Black, Washington Center for Equitable, Federal Reserve, New York Fed, Bureau of Labor Statistics, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: U.S, America
But while overall migration is down, state-to-state moves are slowly on the rise again. Nearly 20% of all Americans moved each year from the mid-1940s through the 1960s, according to census data . The Great Recession in 2008 hobbled the economy and slowed migration, sending the overall rate to 11 or 12%, according to census data. Getty ImagesLong-distance moves are on the upWhile the overall migration rate is low, big moves are slowly on the rise. Younger people are more likely to make big moves, according to census data.
Persons: , James Gregory, Gregory, Gregory said, Jim Crow, Gregory . Migration, deindustrialization, Brookings, Matthew, he’s, Rose Kemp, millennials, Florida ., X, Zers, Marie Bailey, Dallas, ” Bailey Organizations: Service, University of Washington, Gregory ., Brookings Institution, Golden State, realtors, Community Survey, Realtors, Business, Matthew Bank, ” Bank, Orlando Regional Realtor Association, Survey, University of Minnesota's Locations: Texas, New York, California, Florida, Detroit, California , Oregon, Washington, Midwest, nonresponse, Golden State for Texas, Georgia, X . Texas, migrators, millennials, homeownership
“Twin Flames: The George Floyd Uprising from Minneapolis to Phoenix" features about 500 artifacts that protesters and mourners left at the intersection of 38th Street and Chicago Avenue, where Floyd was killed. The George Floyd Global Memorial is hopeful of bringing the exhibit to other cities after it leaves Phoenix in July, but there are no plans yet. Other museums around the country are also delving into themes explored at the ASU Art Museum. In Louisville, Kentucky, the Speed Art Museum last year honored the life of Breonna Taylor, who was killed by police officers there after they illegally entered her apartment in March 2020. “Our purpose is to be able to create spaces that remind people that the work is not over,” said Austin, the director of the George Floyd Global Memorial.
Persons: George Floyd, Floyd, , , Leah, Floyd ”, Jeanelle Austin, Brittany Corrales, Rashad Shabazz, Dion Johnson, George Floyd Global, Abella, Breonna Taylor, Taylor, Amy Sherald, Michelle Obama, Raphaela Platow, ” Platow, Austin, Angela Harrelson, ” “ Organizations: PHOENIX, of Phoenix, Arizona State University Art Museum, “ Twin Flames, Chicago, George, George Floyd Global Memorial, George Floyd Global, Black, Arizona State University, ASU’s Center for Work, Phoenix, ASU Art Museum, Speed Art, Washington , D.C, Mesa Arts Center, Locations: Minneapolis, Minnesota, Phoenix, U.S, America, Arizona, United States, Spain, Louisville , Kentucky, Washington ,
How Black Americans define success
  + stars: | 2024-02-08 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +4 min
New York CNN —A majority of Black Americans say they feel at least somewhat successful but nevertheless feel financial pressures regardless of income, according to a new survey released Thursday by the Pew Research Center. The survey of more than 4,700 Black Americans sought their views on what constitutes success — how they define it, how they view themselves in that context and the concerns they have in achieving it. “Most Black Americans (66%) consider themselves at least somewhat successful,” Pew researchers wrote in their analysis. And regardless of income, most Black adults said they feel financial pressures. In an analysis of Black Americans’ income in July, Pew noted that only 6% of Black adults in the US made $100,000 or more in 2021.
Persons: , , Pew Organizations: New, New York CNN, Pew Research Center Locations: New York
The palace's disclosure that King Charles III has been diagnosed with cancer shattered that longstanding tradition. “The King has cancer,” the Times of London declared in a terse banner headline Tuesday. But in beaming a sliver of light from inside the palace walls and his own life, Charles has broken with his mother and royal tradition. HOW MUCH DOES THE BRITISH PUBLIC HAVE A RIGHT TO KNOW? Charles' news was received with great sympathy in a country in which 3 million people live with cancer, according to Macmillan Cancer Support, a London-based charity.
Persons: King Charles III, Charles, , Queen Elizabeth II, , wasn’t, Charles ’, King George VI, he's, Sally Bedell Smith, “ Charles, Simon Lewis, King, Julie Sharp, Charles “, Leonid Brezhnev, Yuri Andropov, Konstantin Chernenko, It’s, Joe Biden, Donald Trump, Nikki Haley, they’re, Defense Lloyd Austin —, , William, Kate, Wales, Danica Kirka, Laurie Kellman Organizations: , BBC Radio, Cancer Research, Soviet, Defense, Defense Department, Black, Royals, Republican, National Center for Social Research, Macmillan Cancer, National Health Service, Associated Locations: London, Soviet Union, United States, Wales, British
WASHINGTON (AP) — Self-help author and spiritual guru Marianne Williamson on Wednesday announced the end of her long-shot Democratic challenge to President Joe Biden. She won just 2% of the vote in South Carolina and about 3% in Nevada. “I hope future candidates will take what works for them, drinking from the well of information we prepared,” Williamson wrote in announcing the end of her bid. She tweaked Biden, an avid Amtrak fan, by announcing her campaign at Washington’s Union Station. That followed a new plan by the Democratic National Committee, championed by Biden, that reordered the party’s 2024 presidential primary calendar by leading off with South Carolina on Feb. 3.
Persons: , Marianne Williamson, Joe Biden, Oprah Winfrey, , Williamson, ” Williamson, Dean Phillips, Biden, Donald Trump, Sen, Bernie Sanders of Organizations: WASHINGTON, Wednesday, Democratic, Minnesota, Department of Peace, Amtrak, Washington’s, Democratic National Committee Locations: New, South Carolina, Nevada, New Hampshire, North Carolina, Florida, Texas, Beverly Hills , California, California, Bernie Sanders of Vermont
People of color who moved to Texas said they were attracted by jobs and more-affordable homes. Census data indicates that in 2023, Texas led the nation in population growth, welcoming 473,000 people, the most new residents of any state. Millennials comprised 40.5% of people moving to Texas from 2021 to 2022, and Gen Zers made up about 30%. The Texas Demographic Center's analysis of the 2020 census found that 95% of the state's population growth was associated with a rise in people of color. Are you a person of color who recently moved to — or moved out of — Texas, and wants to share your story?
Persons: , Jasmine Cambridge, Cambridge, she's, Austin, I've, Austin —, They've, Gen Zers, Lauren Leining, RubyHome, Holly Heard, Anna Lagos, San Antonio —, we'd, Alcynna Lloyd Organizations: Service, Wells, Bank of America, US, Brookings Institution, Americans, Cambridge, Lagos, BI Locations: Texas, Atlanta, Austin, Cambridge, California, New York, Minnesota, Dallas, Houston, what's, Mexico, Mexican, Lagos, San Antonio, New Braunfels, , — Texas, alloyd@businessinsider.com
“There’s no alliance more historic, nor more important, than the alliance between Black Americans and Jewish Americans.”That’s what Marc Morial, the president of the National Urban League, said in 2020 during his organization’s Black-Jewish Unity Week joint event with the American Jewish Committee. But, Morial told me this week, that alliance is “being tested” by diverging views about the Israel-Hamas war. And that divergence could influence the way both constituencies — both of which traditionally support Democrats — approach this year’s elections. The relationship between these two communities is longstanding and hit its stride during the civil rights movement. But it hasn’t been without periods of friction.
Persons: , , Marc Morial, Morial Organizations: Black, Jewish, National Urban League, Jewish Unity, American Jewish Locations: Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe impact of the "war on DEI" on Black representation on Wall StreetCNBC's Frank Holland dives into how the "war on DEI" is impacting the career pipelines for many Black Americans on Wall Street.
Persons: Frank Holland Organizations: Black Americans, Wall
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAT&T CFO on the responsibilities of being a black man in the C-suitePascal Desroches says he hopes to inspire Black Americans and provide opportunities for those who are underreported in corporate America.
Persons: Pascal Desroches Locations: America
The effect of police violence on Black Americans is tracked in two new studies, with one tying police-involved deaths to sleep disturbances and the other finding a racial gap in injuries involving police use of Tasers. The health effects of police violence on Black people “need to be documented as a critical first step to reduce these harms,” three editors of JAMA Internal Medicine wrote in an editorial published Monday with the studies. For the sleep study, researchers looked at responses from more than 2 million people from 2013 through 2019 in two large government surveys. They focused on people's reports of sleep in the months following police-involved killings of unarmed Black people. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.
Persons: Eric Garner, Tamir Rice, , Atheendar, Tasers, , Kevin Griffith Organizations: Mapping, Justice Department, University of Pennsylvania, Vanderbilt University, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S
Jetblue VP on recognizing the contributions of Black Americans
  + stars: | 2024-02-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJetblue VP on recognizing the contributions of Black AmericansFor Black Heritage Month, JetBlue VP of Corporate Social Responsibility & DEI Icema Gibbs celebrates the contributions of her community.
Persons: Icema Gibbs Organizations: Jetblue, Black Americans, Black Heritage Month, JetBlue
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