Written By Lexx Thornton President Trump has many times suggested that tariff revenue could replace the federal income tax. This claim is absurdly off-base, since it is mathematically impossible for tariffs, even at current levels of imports, to generate the $2.4 trillion in revenue that would be necessary. Commerce Secretary Howard Lutnick, however, has said […]
Could Trump’s Tariffs Replace Income Tax for the Bottom 90 Read More »
Written By Lexx Thornton Consumer Financial Protection Bureau (CFPB) sued Capital One, N.A., and its parent holding company, Capital One Financial Corp., for cheating millions of consumers out of more than $2 billion in interest. The CFPB alleges that Capital One promised consumers that its flagship “360 Savings” account provided one of the nation’s “best”
Written By Lexx Thornton President Donald Trump’s administration announced Tuesday a $3.89 billion public-private partnership loan to add toll lanes along a 16-mile section of Ga. 400. According to U.S. Transportation Secretary Sean Duffy, the loan originates from the Build America Bureau and is for a public-private partnership between the Georgia Department of Transportation, the
Trump Administration Grants More Than $3 Billion Loan for GA Toll Project Read More »
In a bold effort to tackle one of the most pressing economic challenges facing Black America, the Student Freedom Initiative (SFI)—founded by billionaire businessman Robert F. Smith, Chairman and CEO of Vista Equity Partners—has partnered with Live Nation Urban to launch HBCU AWARE FEST 2026. This first-of-its-kind cultural and educational movement will debut in Spring 2026 with
Black billionaire ready to tackle HBCU student debt-again Read More »
Entergy Texas proudly announces the six recipients of its Power Your Future Scholarship, an initiative that supports students pursuing eligible technology majors at select Historically Black Colleges and Universities and minority-serving institutions across the Gulf South. The scholarships are a part of Entergy Corporation’s $20 million commitment to education and workforce development “These scholarships do
Written By Lexx Thornton Unemployment among Black Americans last month reached its highest level in more than three years, in stark contrast to the broader labor market’s resilience. The jobless rate for Black Americans climbed to 6.8% in June, the Labor Department said Thursday, up sharply from May’s 6% and the highest level since January
Black Unemployment Rose To Its Highest Level Since 2022 Read More »
Written By Lexx Thornton The state will mail inflation refund checks to over 8 million people starting in October. The one-time payments are supposed to blunt the effects of the affordability crisis by returning a portion of inflated sales taxes already paid by New Yorkers. According to the Department of Taxation and Finance, payments will
New Yorkers to get inflation checks in October Read More »
Written By Lexx Thornton The Federal Emergency Management Agency is preparing to send $608 million to states to construct immigrant detention centers as part of the Trump administration’s push to expand capacity to hold migrants. FEMA is starting a “detention support grant program” to cover the cost of states building temporary facilities, according to an
FEMA to send states $608 million to build migrant detention centers Read More »
Written By Lexx Thornton UnitedHealth Group on Tuesday issued a 2025 outlook that fell short of Wall Street’s expectations, as the company’s insurance unit continues to grapple with higher medical costs. Shares of UnitedHealth Group fell more than 3% in premarket trading on Tuesday. The company anticipates it will post 2025 adjusted earnings of at
2025 earnings will be worse than expected as high medical costs challenges insurers Read More »
Written By Lexx Thornton Roc Nation, the full-service entertainment agency founded by JAY-Z, will be the official entertainment partner of SL Green and Caesars Entertainment in their bid for a new, state-of-the-art gaming facility at 1515 Broadway in Times Square. The partnership brings together three best-in-class organizations – New York’s largest owner of office properties,
Three Huge Organizations Team Up To Help Increase NYC’s Economy Read More »
