One of the more understated casualties from the sudden economic and social distancing effects of the coronavirus has been Black-owned businesses. An untold number of small businesses have been disproportionately hurt by the coronavirus crisis as the nation’s top elected officials struggle to agree on how to provide financial relief for companies and taxpayers alike…
Category: Economics
Food Delivery Service ‘Black And Mobile’ Supports Black-Owned Eateries Amid Coronavirus Crisis
Black and Mobile has experienced a surge in deliveries and sales in Philadelphia and Detroit.
House Democrats Propose Widespread Student Loan Forgiveness
House Democrats unveiled a proposal to cancel student loan debt for millions of borrowers on Monday amid the coronavirus outbreak. The bill, called the Student Debt Relief Act, would cancel $30,000 in student debt for borrowers. The forgiveness would also be tax-free, meaning it would not be taxed as income. For those who owe more…
25-Year Old Entrepreneur Launches Vegan Hair and Skincare Brand Celebrating Self-Love
Nationwide — Meet Love Atiya, the first 25-year old unschooled Black woman to launch – not one, two or three – but four self-love inspired businesses; with her newest business being Ethereal by Love Atiya. Films like Mean Girls often portray homeschooled children as extremely socially awkward, highly intelligent, yet very strange. Atiya, however, spent…
U.S. Senate Is Now Floating the Idea of a “Digital Dollar”
House Democrats scrubbed any mention of a digital dollar from the coronavirus relief bill Tuesday morning. Now, just a few hours later, the U.S. Senate has picked up the ball on a potential U.S. digital currency. According to CoinDesk, S. 3571 introduced by Sherrod Brown, proposes a digitized version of the U.S. dollar. The digital…
T.I. and Killer Mike Re-Open Historic Black-Owned Restaurant That Closed After 50 Years
Rappers Clifford Joseph “Tip” Harris Jr. or T.I. and Mike Render also known as Killer Mike, have teamed up to invest in and bring back Bankhead Seafood, a historic Black-owned restaurant in Atlanta that closed in 2018 after 50 years in business.
