Economy

NNPA NEWSWIRE — “At stake were the livelihoods of working families, who would have had to suffer drastically higher borrowing costs for financial obligations such as mortgages, student loans, credit card bills, and car loans,” Congressman Al Green (D-TX) remarked.

NNPA NEWSWIRE — “On Tuesday of this week, Senator Manchin came to the White House and submitted – to the President, in person, directly – a written outline for a Build Back Better bill that was the same size and scope as the President’s framework, and covered many of the same priorities,” White House press secretary Jen Psaki wrote in the statement. “While that framework was missing key priorities, we believed it could lead to a compromise acceptable to all.”

NNPA NEWSWIRE — MSL U.S., in partnership with The Influencer League, unveiled a first-of-its-kind research study, “Time to Face the Influencer Pay Gap,” uncovering a vast racial divide in influencer compensation. According to the research, the racial pay gap between White and Black, Indigenous & People of Color (BIPOC) stands at 29 percent. When explicitly focused on the gap between White and Black influencers, it widens to 35 percent.

NNPA NEWSWIRE — We have seen dramatic change in the makeup of the National Labor Relations Board (NLRB) under President Biden. Two former counsels to the Service Employees International Union (SEIU) – David Prouty, and Gwynne Wilcox – were named to the NLRB while Peter Ohy was named NLRB general counsel and Jennifer Abruzzo became permanent general counsel. Abruzzo immediately began encouraging the board to reinstitute the Joy Silk Mills doctrine, which allows organizing elections to be decided by card-check instead of needing to go to a full vote, providing a real boost for organizing efforts.

NNPA NEWSWIRE — With a Senate dominated by conservative Democrats and obstructionist Republicans, when HR 40 passes in Congress, it is unlikely to pass in the Senate. However, it is essential to acknowledge the enormous progress the reparations movement has experienced since Conyers first introduced HR 40.

OAKLAND POST — “We’re not going to accept $90 million in budget reductions from the county,” Oakland Education Association (OEA) President Keith Brown told the Oakland Post this week. “The county has a responsibility to support our district. For the county to say we need more cuts under their watch shows they are not providing proper support for the needs of Oakland Unified.”

NNPA NEWSWIRE — We commend the Biden-Harris Administration thus far in its first year striving to move the nation forward on equity and diversity matters even during the persistence of the COVID-19 pandemic and the epidemic of partisan politicization of issues and supporting public policies that will improve and enhance the quality for life of all Americans. On this issue of media reform, we hope and resolutely call for the FCC in 2022 to be aligned fully with the official stated commitments of the Biden-Harris Administration to ensure fairness, equity and diversity.

NNPA NEWSWIRE — For Mateo, the world-famous and self-taught designer whose collection earned selection by the Smithsonian Museum for featuring and selling at the African American Museum of Art and Culture, participating in the #BlackisBrilliant campaign is all about helping Africans who need it most. “I normally ignore everything, but when [De Beers] kept writing, I said ‘let me respond’ because De Beers is synonymous with diamonds,” Mateo told NNPA Newswire.

NNPA NEWSWIRE — Achieving President Biden’s new contracting goal will be a giant leap forward and make a big difference for many small businesses and communities across the country, putting an extra $50 billion into the hands of America’s small, disadvantaged businesses over the next five years.

According to the U.S. Energy Information Administration, domestic production increased by more than 3 million barrels per day – from approximately 9.3 million barrels per day before the ban repeal to about 12.8 million barrels per day at the end of 2019.