Is Your Money Safe at a Minority-owned Bank?

Yes. By quickly ring-fencing SVB and saving depositors, the Fed showed it is becoming more of a learning organization. Combined with its excellent performance managing the worst inflation spike in 40 years, instigated by the worst pandemic in 100 years, the Fed demonstrated an ability to quickly adjust when circumstances demand flexibility. (See: https://www.impactinvesting.online/2023/03/the-fed-and-svb.html)

Their new Bank Term Funding Program (BTFP), a key protection (or bailout) for depositors, sounds like the fund we suggested for Black banks in October 2019: Economist Offers $50 Billion Federal Solution to the Black Banking Crisis - (https://www.blackenterprise.com/black-banking-crisis-economist-offers-50-billion-solution/ )

Also see: National Bankers Association Assures Consumers Their Money Is Safe At Minority Banks Amid Financial Meltdown - https://www.blackenterprise.com/black-trade-group-assures-consumers-their-money-is-safe-at-minority-banks-amid-financial-meltdown/

Projected Impact of Gun Laws on Corporate Profits in Texas

More Fortune 500 companies are located in Texas than in any other state. Texas successfully used low taxes and minimal regulations as bait to recruit companies like Tesla and Oracle. The state promoted these “advantages” in ads highlighting their “free-market” environment and criticizing the "tax and spend policies of liberal leadership" in Democrat-run states. Four million people migrated to Texas over the past ten years. Our economic models predict a reversal, however. State of Texas corporations on the Fortune 1000 list generate $2.2 trillion in revenue, $158 billion in profit. They have a market value of $3.8 trillion and employ 2.5 million people nationwide. We continue to believe this increased corporate presence in Texas imposes a tax on the nation as a whole. Texas allows anyone 21 or older to carry handguns without training or licenses, and maintains lower gun purchase age limits. Beyond the recent abortion bill, which allows people to sue those who "aid and abe

SUMMARY: THE INFLATION REDUCTION ACT OF 2022

The Inflation Reduction Act of 2022 (IRA) is a law passed by the 117th United States Congress in August 2022. It "includes a first-time provision that would allow the U.S. Department of Health and Human Services to negotiate prices of certain prescription drugs in Medicare and Medicaid. Savings would be generated by requiring drug manufacturers to pay a rebate for drugs whose prices increase faster than inflation under Medicare, and would create several reforms in the Medicare drug program, also known as Part D, including a cap on out-of-pocket drug spending for seniors beginning in 2025. It also extends by three years the expanded and enhanced Affordable Care Act tax credit ahead of planned premium increases set to take effect in 2023." We estimate the impact on the African American community to be significant, on the order of 8% of the total. (For a detailed analysis, email info@creativeinvest.com). The law's climate provisions consist of "subsidies for energy that

Fixing Abortion And Black Maternal Mortality Is NOT Up To the Supreme Court. It's Up to the Fed...

Black women die in childbirth at disproportionate rates compared to their white counterparts. Research conducted by the Centers for Disease Control and Prevention (CDC) clearly shows that social determinants - access to nutrition, transportation, and healthcare——are crucial factors. With the decision to restrict access to birth control and care, the Supreme Court imposed additional penalties on a selected portion of the US population - Black women. They were added without due process or a trial at the individual level. These elevated risks are clear and undeniable, as explained below. Assume two population groups or sectors. In Sector One, women die in childbirth at the rate of ten per 1,000 live births. In Sector Two, the maternal mortality rate is 100 per 1,000 live births. With the elimination of birth control, there are 2,000 live births in each sector. This implies 20 Sector One deaths and 200 in Sector Two. Amanda Stevenson, a professor at the University of Colorado Boulder,

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