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As Biden scrambles to reassure Black, Latino voters, some ask if the wealth gap can be fixed on November 15, 2023 at 11:00 am Business News | The Hill

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The Biden administration is touting economic programs geared toward minority-owned businesses as Black and Hispanic voters show increasing disaffection toward Democrats following a year of higher consumer prices and soaring rents.

Recent polling indicates that Black, Hispanic and voters of other backgrounds may be turning away from President Biden.

A New York Times/Siena Poll released earlier this month found that 22 percent of Black voters in six key battleground states would choose former President Trump in next year’s election over Biden.

While that number still favors Biden in absolute terms, it’s a huge increase for Republicans over the historical baseline.

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Trump won only 12 percent of the vote from Black Americans in 2020 and just 8 percent in 2016, according to the Roper Center for Public Opinion Research at Cornell University, citing exit polling data from CNN and CBS News.


Why Biden shouldn’t be taking Black voter support for granted

The Times/Siena poll had 42 percent of Hispanic voters in swing states leaning toward Trump and 50 percent leaning toward Biden. The 2020 breakdown for Hispanic voters, according to the Roper Center, was 65 percent for Biden and 32 percent for Trump.

Fifty-one percent of voters from other nonwhite racial backgrounds now favor Trump, while just 39 percent favor Biden, the poll found.

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Speaking at the Congressional Black Caucus legislative forum in Washington in September, former U.S. Senate candidate for Alabama and nonprofit executive Brandaun Dean asked a panel of wealthy business people led by Rep. Maxine Waters (D-Calif.) whether the very concept of Black capitalism was a myth.

“Do you believe that Black wealth has a sympathetic effect in Black communities, Black networks and in Black spaces? And is Black capitalism as much a myth as it would seem to be to those who have inherited their power?” he said, addressing a crowd of hundreds gathered in the Walter E. Washington Convention Center.

Bishop Henry C. Williams, of Oakland, testifies during the Reparations Task Force meeting in Sacramento, Calif., Wednesday, March 29, 2023. Williams said he hopes to build a Black Wall Street in Oakland with all Black-owned businesses. (Hector Amezcua/The Sacramento Bee via AP, File)

Funding is being pushed by the Biden administration

Now, new moves to fund businesses and entrepreneurs in communities of color are gaining momentum.

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Community development lending programs, small business grants, initiatives on minority depository institutions (MDIs), and lines of credit for “inclusive entrepreneurship” are all getting the hard sell from the Treasury Department as support for Democrats among minority voting blocs shows signs of faltering.

Last month, the administration announced a $3 billion commitment from a group of companies and philanthropies for money lending institutions “working to make historic investments in underserved communities.”


A different standard? Black Americans likely audited at higher rates, IRS says

“The new private sector commitments announced today will maximize the Biden-Harris Administration’s investments in expanding access to capital in low-income, rural, and other underserved communities, which increase long-term productivity and economic growth,” Treasury Secretary Janet Yellen said in a statement.

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The Treasury has also been publicizing federal grants worth $75 million for legal, accounting and financial advisory services for small businesses, as well as private credit lines worth $80 million for entrepreneurs of color.

“Entrepreneurs of color represent the fastest growing segment of the small business market, yet they have the least access to capital, are more likely to be denied credit, are more likely to pay high interest rates, and are less likely to apply for loans out of fear of being denied,” reads a write-up of one of the programs from Hyphen, a public-private administrator set up to spend money apportioned by several key pieces of Biden administration legislation focused on refurbishing the economy.

An October report from the Treasury analyzing foreclosure rates on homes and credit delinquency among Black and Hispanic Americans, as well as other economic factors, declared that the recovery from the coronavirus pandemic was “the most equitable in recent history.”

But doubts about an equitable and benevolent role for the government in supporting the private sector within marginalized communities are still firmly held by many entrepreneurs.

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“[While] the government can inspire and create policies that make the game more fair, the reality is that the government can’t close the racial wealth gap by itself,” Cedric Nash, an author, real estate investor and founder of the Black Wealth Summit, told The Hill in an interview this month.

White House Intergovernmental Affairs director Julie Chavez Rodriguez stands outside the White House on Wednesday, June 9, 2021, in Washington. The granddaughter of Cesar Chavez and a bronze bust of the late Latino labor activist have both had prominent places in President Biden’s White House. (AP Photo/Evan Vucci, File)

Public access to private capital makes a difference for minority business owners

Small business owners from nonwhite backgrounds say the kinds of investment programs being pushed by the Biden Treasury make a difference, because requirements for capital from private lenders can be too demanding.

“Early on, it was really hard,” Trent Griffin-Braaf, founder of the New York state-based transportation company Tech Valley Hospitality Shuttle, told The Hill.

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Griffin-Braaf received funding from Pursuit, a Community Development Financial Institution (CDFI) certified by the U.S. Treasury.

“Going to the banks, I had a business plan, I had decent credit, but I still couldn’t get anywhere, so I just self-funded it. It was at least over a year before I was able to get a line of credit from a bank. A year after that, I was able to get a micro-loan from our chamber [of commerce],” he said, adding that he had a better experience with a CDFI than with banks.

“The Pursuit loan came for about $50,000 just weeks before Covid, and that money really just helped us get through the first months of the pandemic operationally,” he said. “Getting it felt like the world in the moment.”


Fed projects rosier outlook for 2023, but with higher rates

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Entrepreneur Jamahl Grace, who runs a small candle-making company based in Loudoun County, Va., told The Hill that even the U.S. Small Business Administration (SBA) — a government agency designed to support small businesses and help early-stage entrepreneurs — has some serious barriers to entry when it comes to securing financing.

“We looked into the SBA for a business loan, but we were just too young a business. We didn’t meet the criteria of how established you had to be. That created some barriers for us,” he said in an interview. “They said we needed to be in business for a certain number of years in order to qualify, and that made it very challenging.”

Economy still a hurdle for current administration

Biden’s handling of the economy has also been a weak spot in approval polls for months, as inflation rose last year to a 40-year high before subsiding gradually this year.

The consumer price index (CPI) eased further Tuesday to a 3.2-percent annual increase, with 70 percent of price increases — not counting food and energy — now concentrated in housing costs, according to the Labor Department.

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August polling from Gallup found that while 42 percent of Americans approved of the job Biden was doing overall, just 37 percent signed off on his handling of the economy. An AP-NORC poll put that number even lower, at 36 percent, in August.

A report from Arizona State University in September found that value created in the U.S. economy by the Latino workforce totaled $3.2 trillion in 2021, up from $2.8 trillion in 2020, and is growing “two and a half times faster than the non-Latino equivalent.”

Jaqueline Benitez pushes her cart down an aisle as she shops for groceries at a supermarket in Bellflower, Calif., on Monday, Feb. 13, 2023. (AP Photo/Allison Dinner)

Skepticism about government support for the economy

Wariness about how effective the Biden administration can actually be in shoring up economically distressed segments of the population is also a common theme in communities of color.

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“Whenever we leave it to the government to fix things, they never seem to really fix it. Because we have a system that’s designed for bipartisanship, I don’t think we’ll ever get a fair chance in that system,” Nash, the Black Wealth Summit founder, told The Hill, endorsing the role that financial assets can play in achieving financial independence and self-sufficiency.

“It’s really about the execution of taking the income that we make and the capital that we have available to us and converting that into assets that appreciate and do the work of generating income for us,” Nash said.

Other voices in the Black community take an even more skeptical view, not only toward the government but toward traditional conceptions of private enterprise within the public sphere, as well.

Atonn Muhammad, entertainment executive and CEO of the Real Hip Hop Network, addressing the panel at the Congressional Black Caucus legislative forum in September, asked whether the idea of Black wealth creation in America wasn’t better situated within the framework of a sovereign wealth fund, akin to those of several Gulf Arab nations.

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Rep. Maxine Waters (D-Calif.) flashes the Wakanda Forever sign. Waters lead a panel of wealthy business people at the Congressional Black Caucus legislative forum.


The backstory: Black unemployment is at a record low — but ‘horrible’ work conditions still ensnare many

“Why don’t we all combine forces? You’ve got the Robert Smiths of the world,” he said, referring to the prominent African American billionaire who sat on the panel.

“You’ve got the Jay Z’s and the Beyoncés, and when you look at the model of places like the United Arab Emirates, which have started sovereign wealth funds, in 20 years they’ve gone from a desert to an oasis of capitalism,” he said.

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Earlier this year, the IRS confirmed a study out of Stanford University that found that Black taxpayers were three to five times more likely to be audited than other racial groups, likely a consequence of enforcement protocols associated with the earned income tax credit.

​Business, Administration, Energy & Environment, News, Policy, Technology, 2024 presidential race, Biden administration, Black Americans, Black voters, Economy, Hispanic voters, pandemic recovery, Treasury Department The Biden administration is touting economic programs geared toward minority-owned businesses as Black and Hispanic voters show increasing disaffection toward Democrats following a year of higher consumer prices and soaring rents. Recent polling indicates that Black, Hispanic and voters of other backgrounds may be turning away from President Biden. A New York Times/Siena Poll released…  

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How Epstein’s Cash Shaped Artists, Agencies, and Algorithms

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Jeffrey Epstein’s money did more than buy private jets and legal leverage. It flowed into the same ecosystem that decides which artists get pushed to the front, which research gets labeled “cutting edge,” and which stories about race and power are treated as respectable debate instead of hate speech. That doesn’t mean he sat in a control room programming playlists. It means his worldview seeped into institutions that already shape what we hear, see, and believe.

The Gatekeepers and Their Stains

The fallout around Casey Wasserman is a vivid example of how this works. Wasserman built a powerhouse talent and marketing agency that controls a major slice of sports, entertainment, and the global touring business. When the Epstein files revealed friendly, flirtatious exchanges between Wasserman and Ghislaine Maxwell, and documented his ties to Epstein’s circle, artists and staff began to question whose money and relationships were quietly underwriting their careers.

That doesn’t prove Epstein “created” any particular star. But it shows that a man deeply entangled with Epstein was sitting at a choke point: deciding which artists get representation, which tours get resources, which festivals and campaigns happen. In an industry built on access and favor, proximity to someone like Epstein is not just gossip; it signals which values are tolerated at the top.

When a gatekeeper with that history sits between artists and the public, “the industry” stops being an abstract machine and starts looking like a web of human choices — choices that, for years, were made in rooms where Epstein’s name wasn’t considered a disqualifier.

Funding Brains, Not Just Brands

Epstein’s interest in culture didn’t end with celebrity selfies. He was obsessed with the science of brains, intelligence, and behavior — and that’s where his money begins to overlap with how audiences are modeled and, eventually, how algorithms are trained.

He cultivated relationships with scientists at elite universities and funded research into genomics, cognition, and brain development. In one high‑profile case, a UCLA professor specializing in music and the brain corresponded with Epstein for years and accepted funding for an institute focused on how music affects neural circuits. On its face, that looks like straightforward philanthropy. Put it next to his email trail and a different pattern appears.

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Epstein’s correspondence shows him pushing eugenics and “race science” again and again — arguing that genetic differences explain test score gaps between Black and white people, promoting the idea of editing human beings under the euphemism of “genetic altruism,” and surrounding himself with thinkers who entertained those frames. One researcher in his orbit described Black children as biologically better suited to running and hunting than to abstract thinking.

So you have a financier who is:

  • Funding brain and behavior research.
  • Deeply invested in ranking human groups by intelligence.
  • Embedded in networks that shape both scientific agendas and cultural production.

None of that proves a specific piece of music research turned into a specific Spotify recommendation. But it does show how his ideology was given time, money, and legitimacy in the very spaces that define what counts as serious knowledge about human minds.

How Ideas Leak Into Algorithms

There is another layer that is easier to see: what enters the knowledge base that machines learn from.

Fringe researchers recently misused a large U.S. study of children’s genetics and brain development to publish papers claiming racial hierarchies in IQ and tying Black people’s economic outcomes to supposed genetic deficits. Those papers then showed up as sources in answers from large AI systems when users asked about race and intelligence. Even after mainstream scientists criticized the work, it had already entered both the academic record and the training data of systems that help generate and rank content.

Epstein did not write those specific papers, but he funded the kind of people and projects that keep race‑IQ discourse alive inside elite spaces. Once that thinking is in the mix, recommendation engines and search systems don’t have to be explicitly racist to reproduce it. They simply mirror what’s in their training data and what has been treated as “serious” research.

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Zoomed out, the pipeline looks less like a neat conspiracy and more like an ecosystem:

  • Wealthy men fund “edgy” work on genes, brains, and behavior.
  • Some of that work revives old racist ideas with new data and jargon.
  • Those studies get scraped, indexed, and sometimes amplified by AI systems.
  • The same platforms host and boost music, video, and news — making decisions shaped by engagement patterns built on biased narratives.

The algorithm deciding what you see next is standing downstream from all of this.

The Celebrity as Smoke Screen

Epstein’s contact lists are full of directors, actors, musicians, authors, and public intellectuals. Many now insist they had no idea what he was doing. Some probably didn’t; others clearly chose not to ask. From Epstein’s perspective, the value of those relationships is obvious.

Being seen in orbit around beloved artists and cultural figures created a reputational firewall. If the public repeatedly saw him photographed with geniuses, Oscar winners, and hit‑makers, their brains filed him under “eccentric patron” rather than “dangerous predator.”

That softens the landing for his ideas, too. Race science sounds less toxic when it’s discussed over dinner at a university‑backed salon or exchanged in emails with a famous thinker.

The more oxygen is spent on the celebrity angle — who flew on which plane, who sat at which dinner — the less attention is left for what may matter more in the long run: the way his money and ideology were welcomed by institutions that shape culture and knowledge.

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Ghislaine Maxwell seen alongside Jeffrey Epstein in newly-released Epstein files from the DOJ. (DOJ)

What to Love, Who to Fear

The point is not to claim that Jeffrey Epstein was secretly programming your TikTok feed or hand‑picking your favorite rapper. The deeper question is what happens when a man with his worldview is allowed to invest in the people and institutions that decide:

  • Which artists are “marketable.”
  • Which scientific questions are “important.”
  • Which studies are “serious” enough to train our machines on.
  • Which faces and stories are framed as aspirational — and which as dangerous.

If your media diet feels saturated with certain kinds of Black representation — hyper‑visible in music and sports, under‑represented in positions of uncontested authority — while “objective” science quietly debates Black intelligence, that’s not random drift. It’s the outcome of centuries of narrative work that men like Epstein bought into and helped sustain.

No one can draw a straight, provable line from his bank account to a specific song or recommendation. But the lines he did draw — to elite agencies, to brain and music research, to race‑obsessed science networks — are enough to show this: his money was not only paying for crimes in private. It was also buying him a seat at the tables where culture and knowledge are made, where the stories about who to love and who to fear get quietly agreed upon.

Bill Clinton and English musician Mick Jagger in newly-released Epstein files from the DOJ. (DOJ)

A Challenge to Filmmakers and Creatives

For anyone making culture inside this system, that’s the uncomfortable part: this isn’t just a story about “them.” It’s also a story about you.

Filmmakers, showrunners, musicians, actors, and writers all sit at points where money, narrative, and visibility intersect. You rarely control where the capital ultimately comes from, but you do control what you validate, what you reproduce, and what you challenge.

Questions worth carrying into every room:

  • Whose gaze are you serving when you pitch, cast, and cut?
  • Which Black characters are being centered — and are they full humans or familiar stereotypes made safe for gatekeepers?
  • When someone says a project is “too political,” “too niche,” or “bad for the algorithm,” whose comfort is really being protected?
  • Are you treating “the industry” as a neutral force, or as a set of human choices you can push against?

If wealth like Epstein’s can quietly seep into agencies, labs, and institutions that decide what gets made and amplified, then the stories you choose to tell — and refuse to tell — become one of the few levers of resistance inside that machine. You may not control every funding source, but you can decide whether your work reinforces a world where Black people are data points and aesthetics, or one where they are subjects, authors, and owners.

The industry will always have its “gatekeepers.” The open question is whether creatives accept that role as fixed, or start behaving like counter‑programmers: naming the patterns, refusing easy archetypes, and building alternative pathways, platforms, and partnerships wherever possible. In a landscape where money has long been used to decide what to love and who to fear, your choices about whose stories get light are not just artistic decisions. They are acts of power.

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New DOJ Files Reveal Naomi Campbell’s Deep Ties to Jeffrey Epstein

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In early 2026, the global conversation surrounding the “Epstein files” has reached a fever pitch as the Department of Justice continues to un-redact millions of pages of internal records. Among the most explosive revelations are detailed email exchanges between Ghislaine Maxwell and Jeffrey Epstein that directly name supermodel Naomi Campbell. While Campbell has long maintained she was a peripheral figure in Epstein’s world, the latest documents—including an explicit message where Maxwell allegedly offered “two playmates” for the model—have forced a national re-evaluation of her proximity to the criminal enterprise.

The Logistics of a High-Fashion Connection

The declassified files provide a rare look into the operational relationship between the supermodel and the financier. Flight logs and internal staff emails from as late as 2016 show that Campbell’s travel was frequently subsidized by Epstein’s private fleet. In one exchange, Epstein’s assistants discussed the urgency of her travel requests, noting she had “no backup plan” and was reliant on his jet to reach international events.

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This level of logistical coordination suggests a relationship built on significant mutual favors, contrasting with Campbell’s previous descriptions of him as just another face in the crowd.

In Her Own Words: The “Sickened” Response

Campbell has not remained silent as these files have surfaced, though her defense has been consistent for years. In a widely cited 2019 video response that has been recirculated amid the 2026 leaks, she stated, “What he’s done is indefensible. I’m as sickened as everyone else is by it.” When confronted with photos of herself at parties alongside Epstein and Maxwell, she has argued against the concept of “guilt by association,” telling the press:

“I’ve always said that I knew him, as I knew many other people… I was introduced to him on my 31st birthday by my ex-boyfriend. He was always at the Victoria’s Secret shows.”

She has further emphasized her stance by aligning herself with those Epstein harmed, stating,

“I stand with the victims. I’m not a person who wants to see anyone abused, and I never have been.””

The Mystery of the “Two Playmates”

The most damaging piece of evidence in the recent 2026 release is an email where Maxwell reportedly tells Epstein she has “two playmates” ready for Campbell.

While the context of this “offer” remains a subject of intense debate—with some investigators suggesting it refers to the procurement of young women for social or sexual purposes—Campbell’s legal team has historically dismissed such claims as speculative. However, for a public already wary of elite power brokers, the specific wording used in these private DOJ records has created a “stop-the-scroll” moment that is proving difficult for the fashion icon to move past.

A Reputation at a Crossroads

As a trailblazer in the fashion industry, Campbell is now navigating a period where her professional achievements are being weighed against her presence in some of history’s most notorious social circles. The 2026 files don’t just name her; they place her within a broader system where modeling agents and scouts allegedly groomed young women under the guise of high-fashion opportunities. Whether these records prove a deeper complicity or simply illustrate the unavoidable overlap of the 1% remains the central question of the ongoing DOJ investigation.

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Google Accused Of Favoring White, Asian Staff As It Reaches $28 Million Deal That Excludes Black Workers

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Google has tentatively agreed to a $28 million settlement in a California class‑action lawsuit alleging that white and Asian employees were routinely paid more and placed on faster career tracks than colleagues from other racial and ethnic backgrounds.

How The Discrimination Claims Emerged

The lawsuit was brought by former Google employee Ana Cantu, who identifies as Mexican and racially Indigenous and worked in people operations and cloud departments for about seven years. Cantu alleges that despite strong performance, she remained stuck at the same level while white and Asian colleagues doing similar work received higher pay, higher “levels,” and more frequent promotions.

Cantu’s complaint claims that Latino, Indigenous, Native American, Native Hawaiian, Pacific Islander, and Alaska Native employees were systematically underpaid compared with white and Asian coworkers performing substantially similar roles. The suit also says employees who raised concerns about pay and leveling saw raises and promotions withheld, reinforcing what plaintiffs describe as a two‑tiered system inside the company.

Why Black Employees Were Left Out

Cantu’s legal team ultimately agreed to narrow the class to employees whose race and ethnicity were “most closely aligned” with hers, a condition that cleared the path to the current settlement.

The judge noted that Black employees were explicitly excluded from the settlement class after negotiations, meaning they will not share in the $28 million payout even though they were named in earlier versions of the case. Separate litigation on behalf of Black Google employees alleging racial bias in pay and promotions remains pending, leaving their claims to be resolved in a different forum.

What The Settlement Provides

Of the $28 million total, about $20.4 million is expected to be distributed to eligible class members after legal fees and penalties are deducted. Eligible workers include those in California who self‑identified as Hispanic, Latinx, Indigenous, Native American, American Indian, Native Hawaiian, Pacific Islander, and/or Alaska Native during the covered period.

Beyond cash payments, Google has also agreed to take steps aimed at addressing the alleged disparities, including reviewing pay and leveling practices for racial and ethnic gaps. The settlement still needs final court approval at a hearing scheduled for later this year, and affected employees will have a chance to opt out or object before any money is distributed.

H2: Google’s Response And The Broader Stakes

A Google spokesperson has said the company disputes the allegations but chose to settle in order to move forward, while reiterating its public commitment to fair pay, hiring, and advancement for all employees. The company has emphasized ongoing internal audits and equity initiatives, though plaintiffs argue those efforts did not prevent or correct the disparities outlined in the lawsuit.

For many observers, the exclusion of Black workers from the settlement highlights the legal and strategic complexities of class‑action discrimination cases, especially in large, diverse workplaces. The outcome of the remaining lawsuit brought on behalf of Black employees, alongside this $28 million deal, will help define how one of the world’s most powerful tech companies is held accountable for alleged racial inequities in pay and promotion.

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