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What are 'baby bonds'? Cory Booker and Ayanna Pressley push Joe Biden to pass law to bridge racial wealth gap

Impact would be transformative
The lawmakers continued: “The impact would be transformative: at a cost of approximately $60 billion annually, less than 10 percent of what we currently spend to subsidize wealth-building through the tax code, we can give every American a stake in our economy and agency over their future,” they said.
By their estimates, a child who gets $1,000 at birth and $2,000 every year since then would end up getting more than $46,000 by the time they turned 18, given an annual interest of three percent.
When Booker announced his presidential run in February 2019, Vox cited a study to say that the idea of baby bonds embraced by Booker, who ran for the 2020 presidential nomination, would almost entirely bridge the wealth gap between young Black and White people. Also, recent studies by Columbia University and Morningstar have found that the baby bonds program would reduce the racial wealth gap considerably among young American adults. ....

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Tilray stock extends rally as lawmakers promise marijuana reforms

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A worker checks cannabis plants inside the Tilray factory hothouse in Cantanhede, Portugal April 24, 2019.
REUTERS/Rafael Marchante
Shares of Tilray surged more than 22% Wednesday, buoyed by encouraging words from lawmakers on ending federal prohibition of marijuana.
Shares of cannabis companies Aurora, Aphria, and Cronos are also trading higher.
Senate Majority Leader Chuck Schumer also said that he has urged the attorney general nominee to respect states rights when it comes to marijuana laws.
Shares of Tilray climbed as much as 22% Wednesday, extending the stock s rally to the second day on the back of encouraging developments out of Washington, DC, earlier this week. ....

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Back to School: Electronic Arts Revives College Football Video Game Franchise

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James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. It s also an approach that respects this John Keynes reality: The market isn t always rational.
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College football s hiatus from the video-gaming market is ending soon. On Tuesday, video-game developer
Electronic Arts (NASDAQ:EA) announced the revival of its exclusive collegiate football game franchise that hasn t released a new game since 2013 or sold one since 2014. EA is collaborating with the Collegiate Licensing Company (CLC) on the renewed effort to ensure the permissions needed to use team names and uniforms are properly procured. ....

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Donald Trump's legacy: He turned Washington, D.C., into Baghdad, Iraq | Mulshine

Donald Trump’s legacy: He turned Washington, D.C., into Baghdad, Iraq | Mulshine
Updated Jan 20, 2021;
Posted Jan 20, 2021
They may not be able to spell it, but they can close for it. One of many stores in D.C. closed for the Inaugaration. (Photo by Paul Mulshine)
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Only Baghdad was a lot livelier.
That was the conclusion of Pat Lang, a former Vietnam Green Beret who lives just across the Potomac in Alexandria, Va. After Vietnam he served as the U.S. attache to the Iraqi military during the Iran-Iraq War.
“I used to go to the Green Zone when Saddam was running Iraq,” he told me. “It was a hell of a lot more friendly than that.” ....

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Black farmers in our area say long legacy of institutional racism has led to their disappearance

Black farmers in our area say long legacy of institutional racism has led to their disappearance
74% decrease in Black farmers in Florida over past 100 years
Many Black farmers in our area say theyâre struggling to survive and itâs not just because of the pandemic. They say racism and discriminatory practices in the farming industry have made it impossible to stay afloat.
and last updated 2021-01-18 11:15:14-05
BROOKSVILLE, Fla. â Many Black farmers in our area say theyâre struggling to survive and itâs not just because of the pandemic. They say racism and discriminatory practices in the farming industry have made it impossible to stay afloat. ....

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