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Finance Law and Order politics Uncategorized 

New Overtime Bill Passed by House to Affect Working Class

JACKSONVILLE, Fla.-May 3,2017- New bill H.R. 1180, or Working Families Flexibility Act 2017-2018, proposes working class earn compensation for paid time off instead of being paid time and a half for overtime. The bill, presented by Rep. Martha Roby (R-AL) and 17 other co-sponsors, is backed by the Trump Administration and was passed yesterday in a 229-197 vote, with no democrat in favor and 4 representatives not voting at all.  H.R. 1180- Working Families Flexibility Act H.R. 1180 amends the Fair Labor Standards Act (FLSA) to give private-sector employees the…

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Finance Uncategorized 

New Study Finds Black Entrepreneurs Face Economic Wealth, Credit and Trust Gaps

African-American entrepreneurs have the drive to start firms. So why isn’t this happening? Read More HERE.

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The Wells Fargo Scandal Is a Bad Sign for Our Financial System — TIME

In the financial sector, scandal is the gift that keeps on giving. Publicly shamed by Senator Elizabeth Warren after his bank opened as many as 2 million unauthorized accounts to goose profits, Wells Fargo CEO John Stumpf, who had been reluctant to part with any of his own compensation following revelations of the scandal, has… via The Wells Fargo Scandal Is a Bad Sign for Our Financial System — TIME

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Finance Uncategorized 

Verizon Acquires yahoo for $4.8 Billion

Verizon has acquired yet another internet firm Yahoo for $4.8 billion, nearly one year after it purchased falling internet firm AOL. The acquisition however did not include Chinese firm Alibaba, which Yahoo holds valuable stake. The deal does include social media site Tumblr, Yahoo Mail, Finance and News, which includes a deal with award-winning journalist Katie Couric. CEO Marissa Meyer is planning to remain with the company and transition into the Verizon team, although it is speculated she will not hold a top-ranking position. If she chooses to leave, a…

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