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Showing posts from September, 2022

Lakeland Bank NJ Guilty of "Redlining"

"Redlining" is a practice by financial institutions and others in which loans and services are denied and withheld from residents of Black and minority neighborhoods. The discriminatory institutions use the excuse that these areas are "hazardous to investment," a self fulfilling premise responsible for significant macroeconomic damage, as shown in the charts below: and  Consider the case of Lakeland Bancorp, a $10 billion (assets) banking organization located in New Jersey.  The US Department of Justice appeared to have sued Lakeland for redlining on 9/28/22. What actually happened is that DOJ settled with the bank on 9/27 and sued (filed the complaint) on 9/28. In other words, they settled with the bank before they sued, and changed the filing dates so that it appeared they sued and settled on the same day. We filed an objection to the settlement,  based on: 1. Lakeland reported net income of $331,678,000 from Fiscal year (FY) 2018 to the second quarter of FY 202

Why Inflation Is NOT A Problem

The chart shows the Consumer Price Index: Total All Items for the United States, Growth Rate Previous Period, Monthly, Not Seasonally Adjusted. Notice the decline in the most recent month.  While subject to change, the most recent data shows inflation moving in the right direction: the inflation outlook is improving. 

Crowdfunding 101 and Investing 101

  We have issued limited time free coupon offers for these two classes on Udemy

Inflation Reduction Act Could Bring Black Americans $22.3 Billion

Report: Inflation Reduction Act Could Bring Black Americans $22.3 Billion Economic Impact - According to The Inflation Reduction Act and the Black Community, August 2022 report by Creative Investment Research, the figure represents spending and tax rebates that could flow back into the Black community over nine years. The nearly $740 billion health care, tax, and climate bill became a law after President Joe Biden signed it last month. Collectively, the legislation is expected to bring relief to millions of Americans, including Blacks. 

TOP 50 CROWDFUNDING CAMPAIGNS 2010- 2014 - Free Kindle Book Download

Our analysis of the Top 50 crowdfunding campaigns from 2010 to 2014 is now available for free on Amazon from Sept 12th to Sept 13th . Fifty crowdfunding campaigns are detailed and described. The publication is a graphical analysis, with crowdfunding campaigns color coded for easy analysis: (Gold = Games; Red = Movies; Purple = Hardware; Green = Social). The book shows the dollar amount for every reward or perk ($1 to $10, $11 to $20, etc.). Each reward is also described, using language from the campaigns. Each chart shows the cumulative number of rewards/perks collected for each of the 50 campaigns. The charts also show the exact number of rewards taken for each "perk." Using information compiled, analysts can efficiently “identify historical techniques, strategies, and crowdfunding secrets that will give the best chance of meeting goals.” DOWNLOAD HERE: ­

FEDERAL AGENCY EQUITY ACTION PLANS: Advancing Racial Equity and Support for Underserved Communities Through the Federal Government

Signed on "his first day in office, Executive Order 13985, Advancing Racial Equity and Support for Underserved Communities Through the Federal Government... directed the Federal Government to advance an ambitious whole-of-government equity agenda." We have written a book that compiles and evaluates Federal Equity Action Plans, grading each Federal Agency and includes the text of each plan. The Executive Order signed by President Biden is also included.

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