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Compton, California, Rolls Out 2-year Guaranteed Income Program

Compton, California, lies just south of Los Angeles. Its nearly 100,000 residents are 30% Black and 68% are Latino. With a poverty rate of 1 in 5 households—double that of the national average -- and a 21.9% unemployment rate -- an increasing number of its residents depend on free food from food pantries. Compton Mayor Aja Brown plans to throw money at the problem. The mayor announced a landmark non-taxpayer funded “The Compton Pledge.” It is a “guaranteed income initiative” that will hand out direct and recurring cash relief to around 800 low-income residents beginning in late 2020. The money ...Continue reading

California Judge Rules Prison Inmates MUST Receive $1,200 Stimulus Payment

Should people in prison receive the $1,200 coronavirus stimulus payment? Wasn’t the idea behind the program to help working Americans overcome job shutdowns and layoffs? How would people in prison, who are housed, fed, and often get free education and vocational training, qualify? According to Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California, the government cannot withhold coronavirus stimulus checks for felons just because they are behind bars. What may sound outrageously counterintuitive to law-abiding working people, seemed to make good sense on a strictly legal level. The attorneys who argued on behalf ...Continue reading

DOJ Slaps Google with Anti-Trust Violation — Are Facebook & Twitter Next?

Control over internet content ranks among the most powerful tools on planet Earth, and Big Tech corporations have exploited their position. The U.S. Department of Justice has filed a long-anticipated anti-trust lawsuit against Google, and the likes of Twitter and Facebook could be next. According to reports, Google controls upwards of 90 percent of all searches worldwide, and the few competitors it has have repeatedly complained that the division of parent company, Alphabet Inc., inserts itself as the default browser across wide-reaching devices. By partnering with other Big Tech outfits, Google has effectively eliminated competition on a global scale. Alphabet ...Continue reading

Prime vs. Subprime Borrowers: Why Your Credit Score is SO Important

One of the most important things that your credit score can tell a lender is what type of borrower you are - and borrowers are typically grouped into five different categories. These include deep subprime, subprime, near-prime, prime and super-prime. It should go without saying that the better your credit score, the better it bodes for your financial potential. Those with good credit that fall into the prime and super-prime category of borrowers are likely to be quickly approved for loans, and at the best possible interest rates offered. However, it's estimated that about one-third of all Americans fall into ...Continue reading

Broadway’s Shutdown is a HUGE Blow to New York’s Tax Revenue

New York has already shut down its movie theaters and the economic pain has trickled up and down the movie industry. That entertainment shutdown has bled to Broadway theater box offices. Already closed because of the pandemic, Broadway theaters will remain closed through May 30, 2021, having been idle since March. That was when New York City became the nation’s epicenter of the pandemic. Extinguishing the bright lights of Broadway has put nearly 100,000 workers on unemployment. The loss in revenue is staggering. Consider that the average single ticket price for a Broadway show is about $125 and a high-capacity ...Continue reading

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