Economics

Be color brave, not color blind: Mellody Hobson at TED2014 | TED Blog

Hobson wants to make clear, “I’m not here to complain. I’ve been treated well by people of all races more often than not. I have succeeded in my life more than my wildest expectations. I tell the uniform story because it happened. I tell the race stats because they are real.” And furthermore, those continuing problems threaten to rob future generations of their opportunities.


Source: Be color brave, not color blind: Mellody Hobson at TED2014 | TED Blog

5 of Brooklyn’s Best Black-Owned Restaurants | Brooklyn Magazine

Brooklyn Magazine features Black Owned Restaurant Month. Food is how cultures keep their traditions alive. Wherever populations roam, the one thing they can always bring with them are their recipes – the kitchen smells, salty sweet tastes on their tongues. So for Brooklyn, one of the most diverse boroughs of New York City, the food industry is an introduction to multiple cultures. Why highlight Black Restaurants? Brooklyn Magazine reaches out to Brooklyn’s most prominent Black restauranteers and patrons for the answer.

via 5 of Brooklyn’s Best Black-Owned Restaurants | Brooklyn Magazine.

“Black Americans make up just 13 percent of the U.S. population and will have a buying power of $1.4 trillion by 2019,” Jamilah points out, “but how much of that money flows back into our communities?” As rents in New York City rise (and rise, and rise), long-standing businesses struggle to stay afloat. Historically, gentrification has disproportionately displaced minority communities, and with them, minority-owned businesses. BORM is one of many relatively new resources designed to foster support for businesses owned by African Americans, including the online directory Support Black Owned and apps like Around the Way, which locates nearby black-owned businesses. BORM is designed to celebrate some excellent restaurants that New York City Restaurant Week might’ve missed, and also to foster support for businesses in communities facing gentrification.

BORM lasts from September 9th to 30th, with 13 restaurants in Brooklyn and Harlem offering custom $35 three-course prix-fixe menus from Monday to Wednesday each week. Here, participating Brooklyn restaurant owners tell their stories and offer sneak peeks of their prix-fixe menus.

Slavery Reparations Could Cost Up to $14 Trillion, According to New Calculation|Newsweek

Slavery Reparations Could Cost Up to $14 Trillion, According to New Calculation

The Permanent Memorial to Honor the Victims of Slavery and the Transatlantic Slave Trade, in New York City, acknowledges a tragic chapter in the nation’s history. Some have argued that reparations for slavery would help heal long-festering racial strife. EDUARDO MUNOZ / REUTERS

Robert Westley, a professor at Tulane University who wasn’t involved in the paper, says that this and other examples can be used to refute arguments that slavery reparations would necessarily be too difficult to figure out. The French spoliation claims and others “were made and demanded over many generations,” he says. “Somehow problems of proof were not insurmountable in those cases, and shouldn’t be in the case of the United States with slavery.”

via Slavery Reparations Could Cost Up to $14 Trillion, According to New Calculation.

Why Marcus Garvey’s Teachings Are as Important Today as They Were in His Time – Atlanta Blackstar

Marcus Garvey

Despite the legislation which emanated from the Civil Rights Movement, Black people are not free and they have no power, including power over their own communities.  The larger society will not employ us, but they will imprison us, as they have by the multitudes, separating our families and destroying our communities, as we are used as raw materials for the prison factories.

And whether by the police, the courts, or vigilantes, this society continues to kill Black women, children and men—in the streets, in the police car, in the jail house and elsewhere, all because we have no power, and they know it.

via Why Marcus Garvey’s Teachings Are as Important Today as They Were in His Time – Atlanta Blackstar.

Your Brain on Poverty: Why Poor People Seem to Make Bad Decisions – The Atlantic

poverty

As Andrew Golis points out, this might suggest something even deeper than the idea that poverty’s stress interferes with our ability to make good decisions. The inescapability of poverty weighs so heavily on the author that s/he abandons long-term planning entirely, because the short term needs are so great and the long-term gains so implausible. The train is just not coming. What if the psychology of poverty, which can appear so irrational to those not in poverty, is actually “the most rational response to a world of chaos and unpredictable outcomes,” he wrote.

None of this is an argument against poorer families trying to save or plan for the long-term. It’s an argument for context. As Eldar Shafir, the author of the Science study, told The Atlantic CitiesEmily Badger: “All the data shows it isn’t about poor people, it’s about people who happen to be in poverty. All the data suggests it is not the person, it’s the context they’re inhabiting.”

via Your Brain on Poverty: Why Poor People Seem to Make Bad Decisions – The Atlantic.

Zimbabwean inventor unveils amazing new prototypes |This is Africa

 Zimbabwean inventor Sangulani Chikumbutso defied at least three laws of physics with his invention of a “self powered generator” reports Malcolm Meja of Zimbabwe’s Business Connect.  You would think such an achievement would gain him world acclaim. This is not the first of Chikumbutso’s inventions. This high school, form 2, dropout invented a radio broadcasting transmitter back in 1999 despite the impoverished state that caused him to leave school.

Saith Holdings was registered under the companies Act in 2013. After years of struggling as Chikumbutso could not secure funding to kick start his projects as no one shared the same vision as him perhaps because his projects especially his Greener Power Machine a self powered generator,” writes Meja. “The world is now, after years of discrediting Chikumbutso machine,  embracing the ingenious innovations. Saith Holdings has secured contracts with Brazil and Angola to provide electricity using The Greener Machine.“…  

Zimbabwean inventor unveils amazing new prototypes

This is Africa reports:

Zimbabwean inventor unveils amazing new prototypes

Yes, Sangulani Chikumbutso was on Monday launching some of his company’s products which included a hybrid engine-powered helicopter, an electric car, a magnetic converter, a ‘green’ power generator and a special drone.

With this launch, he has established himself as the first Zimbabwean to design and make an electric-powered vehicle and a hybrid helicopter:

Zimbabwean inventor unveils amazing new prototypes

Below Chikumbutso demonstrates his drone invention.

Zimbabwean inventor unveils amazing new prototypes

via Zimbabwean inventor unveils amazing new prototypes.

Average Is Failure | Vaughn Edmeade

Watch Life Coach Vaughn Edmeade explain why “Average is Failure” and skills are not enough. Brilliant and concise development strategies.

Vaughn has spread his message to tens of thousands of youth and young adults. He has dedicated his life to helping others accept the challenge of strengthening their character. His hope is that one day those in urban and inner-city communities, especially, will be able to realize brighter possibilities for themselves and those around them.

via Average Is Failure.

Allie B’s Cozy Kitchen brings Southern Cooking to Albany

mertonkizzycropAlbany County Legislator Merton Simpson Jr. and guests dined at one of Albany’s newest eateries, Allie B’s Cozy Kitchen, located at 353 Clinton Ave. Allie B’s features appetizing southern cooking with that homemade style. And yes, it was a mouthful. An April 2014 article in the Troy Record offered this quote, which I find most interesting:

“The business named for her mother, Allie B Berthea, a native of South Carolina. In her lifetime, Allie B cooked for prominent religious officials, City Council officials, State Legislators, Congressional representatives, and a New York City mayor and New York State governor.”

Kizzy Williams, a former Harlem resident, provides a warm and inviting atmosphere. Meals include ample servings of baked or barbecue chicken, fried fish, and barbecue pork ribs. Each meal includes three sides guaranteed to make your mouth water. Kizzy William’s family owned and operated Allie B’s Cozy Kitchen brings the ambiance and the legacy of her mother’s kitchen to your table with heaping portions of sweet potatoes, rice and beans, macaroni salad, potato salad, collard greens and more. foodkizzycrop

Last Thanksgiving, Williams provided 50 dinners to the public. She plans to double this number next year. Williams offers free delivery and catering for affairs with hundreds of guests. Her determination to secure a place for her family within the Albany community drives Williams’ willingness to contribute to her community as a partner and entrepreneur. We are truly blessed.

See the website: http://www.AllieBs.com or call: (518) 729-3472 for further details.

Resurrecting Black Wall Street: Trailer #2 – YouTube

Resurrecting Black Wall Street is a story hidden for at least 100 years. The story is out. Learn an intricate part of American history. See the film.


Published on Apr 8, 2015

You can pre-order the film by visiting ResurrectingBlackWallStreet.com.

via Resurrecting Black Wall Street: Trailer #2 – YouTube.

10 Differences Between Middle Class And Rich People

This article explicates the old lessons of middle-class, “nouveau riche” versus the well-established, rich. Rich uncomfortable

1. The middle class live comfortably, the rich embrace being uncomfortable

“Be willing to be uncomfortable. Be comfortable being uncomfortable. It may get tough, but it’s a small price to pay for living a dream.” – Peter McWilliams

“In investing, what is comfortable is rarely profitable.” – Robert Arnott

It’s comfortable to work a “safe” job. It’s comfortable to work for someone else. The middle class think being comfortable means being happy, but the rich realize that extraordinary things happen when we put ourselves in uncomfortable situations. Starting your own business is a risk and risks can be uncomfortable, but a little risk is what it takes to create wealth and achieve superior results.

Step out of your comfort zone. Look at all your options. You will have to be at least a little uncomfortable if you want to become rich. You might even have to fail and that’s great, because if you’re not failing, you’re not doing much.

via 10 Differences Between Middle Class And Rich People.