Skip to main content


Showing posts from September, 2021

The Eight Commitments of Ethical Culture From the Philadelphia Ethical Society

  The Eight Commitments of Ethical Culture From the Philadelphia Ethical Society 1. Ethics Is Central - The most central human issue in our lives is creating a more humane environment. 2. Ethics Begins With Choice - Creating a more humane environment begins by affirming the need to make significant choices in our lives. 3. We Choose To Treat Each Other As Ends, Not Means - To enable us to be whole in a fragmented world, we choose to treat each other as unique individuals having intrinsic worth. 4. We Seek To Act With Integrity - Treating one another as ends requires that we learn to act with integrity. This includes keeping commitments, and being honest, open, caring and responsive. 5. We Are Committed To Educate Ourselves - Personal progress is possible, both in wisdom and social life. Learning how to build ethical relationships and cultivate a humane community is a life-long endeavor. 6. Self Reflection And Our Social Nature Require Us To Shape A More Humane World - Growth of the hum

Social and Economic Impact of the Child Tax Credit (CTC) on Maternal Mortality

In a June, 2021 internal report by Creative Investment Research on the Child Tax Credit (CTC) and simple non-filer tools, we noted that the Biden Administration forecast the CTC would cut child poverty by half. For the first time since July’s CTC’s implementation, we have data that helps determine the impact of the initiative on both consumer spending and household stability. New research confirms CTC’s positive impact on U.S. social and economic activity. In an August 2021 report, the Niskanen Center forecast a $27 billion dollar increase, over the next 12 months, in consumer spending. They envisage this jump in spending will generate another $1.9 billion in revenue from state and local sales taxes.[1] Their forecast predicts an increase of 500,000 median wage level jobs. These are significant and positive impacts. In addition to elevated consumer spending, CTC will have significant positive impacts on low-to-middle income families. Developed under the American Rescue Plan to reduce c

Black-Led SPAC Raises $126.5 Million, May Acquire Black, Minority-Owned Firms

According to an article in Black Enterprise Magazine, "William Michael Cunningham,  an economist who runs Washington, D.C.-based Creative Investment Research, says MEOA’s offering could prompt other investors to create new SPACs and venture capital funds to invest in Black companies. 'This is relevant because it may represent a new and significant source of capital that has not previously been available to Black and minority firms. If it works as intended, you could see billions in new startup and operational capital going to Black firms,' he says. He says the offering’s timing was perfect because of the increased attention on Back economic empowerment. That is fueled, he says, by the increased requirement corporations and investors are showing toward their commitment to doing business with Black firms." See: Black Enterprise Magazine. Exclusive: Black-Led SPAC Raises Colossal $126.5 Million, Set To Acquire Black, Minority-Owned Firms. Also s

Aug. 26, 1996 - Bank Holding Companies. Docket Numbers R-0841, R-0701, and R-0932 Federal Reserve Board.

 August 26, 1996 (Revised & Resubmitted by Facsimile on August 28, 1996) Mr. William Wiles Secretary Federal Reserve Board 20th & Constitution Ave., N.W. Washington, D.C. 20551 Dear Mr. Wiles: I am writing with respect to three proposals (Docket Numbers R-0841, R-0701, and R-0932) recently announced by the Federal Reserve Board. The Board, in a July 31, 1996 press release stated: "The Federal Reserve Board today requested comment on three proposals to modify the conditions under which section 20 subsidiaries of bank holding companies may underwrite and deal in securities. The first proposal would increase the amount of revenue that a section 20 subsidiary may derive from underwriting and dealing in securities from 10 percent to 25 percent of its total revenue. Comment on this proposal is requested by September 30, 1996. The second proposal would amend or eliminate three of the prudential limitations, or fire walls, imposed on the operations of the section 20 subsidiaries:


by  Jeffrey McKinney December 23, 2008. Black Enterprise Magazine. Three African American executives are trying to raise $50 million to create a black-owned bank holding company with some help from the federal government. The entity, MBF LP, would be designed to make capital investments in and own parts of new and existing black-owned U.S. banks, said William Michael Cunningham, senior investment adviser at Creative Investment Research Inc., a Washington D.C. firm specializing in minority banking. Cunningham, MBF general partner, said the company would be an equity fund based in Washington. The company has applied for bank holding company status and is seeking capital from the U.S. Department of the Treasury’s Troubled Asset Relief Program (TARP).   Cunningham said MBF partners and management team members would include Elrick Williams, chairman and CEO of Allston Trading L.L.C., a Chicago-based firm that specializes in electronic trading of stocks, Treasury bonds and other securitie

Get Bitcoin at