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U.S. Black Chamber Prez Talks Loss of African American Businesses and a Global Future for the Black Dollar

NNPA NEWSWIRE — Data culled from multiple studies revealed that Latinx business owners fell by 32 percent and Asian business owners dropped by 26 percent. Meanwhile, the number of White business owners fell by 17 percent. While the current climate has exacerbated the wealth gap and unveiled the unimagined financial straits of Black and other minority companies, studies also revealed that about 58 percent of African American-owned businesses were at risk of fiscal distress even before the outbreak of the pandemic in February 2020.

Posted in#NNPA BlackPress, Black Experience, Black History, Community, Coronavirus, COVID-19, Economy, Entertainment, Featured, Health, National, News, NNPA, NNPA Newswire, Politics, Stacy Brown

President Biden Calls for End to Systemic Racism During CBCF Conference

NNPA NEWSWIRE — “I got here just a year after the Black Caucus started, 50 years, and the Black Caucus has gotten stronger every year with a powerhouse of ideas and a training ground for a lot of great leaders,” President Biden remarked. “The CBC has made a difference, and as we emerge from this pandemic, the time is right to root out systemic racism. The time is now for a moral response to heal the soul of this nation and to ensure that Black Americans are fully dealt into the economy, and to this society, they have built and shaped for centuries.”

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