The DART Board of Directors is considering new legislation to potentially restructure the board, budgeting concerns, and another possible financial audit, as member cities are fed up with unfair funding and lack of representation on the board.
Category: Finance
Posted inFinance
Stocks’ sell-off worsens as Wall Street wonders how much pain the 47th president will accept for the economy
The U.S. stock market has been on a sell-off, with the S&P 500 down 2.7% as investors question the potential impact of President Trump’s tariffs and other policies on the economy.
Posted inTexas Tribune
In Texas, private firms cash in on property tax late fees, piling debt onto struggling homeowners
Texas has one of the most punitive systems in the nation for property tax debt, where private law firms can charge up to 20% on top of existing base taxes, penalties, and interest, resulting in billions of dollars in revenue for the firms.
Posted inFinance
A History of Money: From Goldsmiths to Bitcoin
Gold has been a trusted form of money for thousands of years, with goldsmiths storing gold and issuing receipts to trade for goods, leading to the creation of banking as we know it, and the dollar became the world’s reserve currency with the Bretton Woods system, but the rise of digital currencies like Bitcoin is challenging the petrodollar system’s dominance.
Posted inBlackPressUSA.com
Stopgap Bill Advances as Congress Moves to Prevent Shutdown
A newly introduced stopgap bill in Congress aims to extend government funding through the end of the 2025 fiscal year, but concerns persist that flat funding levels will not account for rising costs, leaving states and local governments to bridge potential gaps in affordable housing efforts.
Posted inBlackPressUSA.com
Black America Braces for Impact as Trump’s Tariffs Land
The Trump administration’s tariffs on imports from Canada, Mexico, and China will impose a 25% levy on goods and an additional 10% on Chinese products, leading to a surge in gas prices, grocery costs, and potentially leading to layoffs in the auto industry, which will disproportionately affect low-income families and marginalized communities.
Posted inBusiness
Prosperity’ Seal Drives Interest to Purchase from Black-Owned Businesses
The Fund for Social Equity has released research showing that 50% of Americans are willing to pay a premium price to help close the racial wealth gap by supporting Black-owned, managed, and operated businesses.
Posted inFinance
The Black Migration to Innovation
During the Great Migration, Black Americans migrated to innovation centers such as Detroit, Chicago, and Silicon Valley in search of economic opportunities, building wealth and changing lives.
Posted inReal Estate
HUD Job Cuts Equals Housing Implosion
Protests have been growing across the nation against the Trump administration’s job cuts, with DOGE targeting a 50% reduction in HUD staff, potentially creating a work slowdown and backlog for services.
Posted inFinance
Banks Cash in as Republicans Move to Kill Consumer Protections
Congressional Republicans have introduced a CRA resolution to repeal the CFPB rule that caps overdraft charges at $5, a move that would benefit the banking industry but not consumers.
