Economics
Reparations For Unjust Enrichment
God on Wall Street
On November 20, 1866, General Oliver Otis Howard, along with 10 other people, played a key role in the founding of Howard University.
General Howard understood that former slaves would need opportunities that only a good education could afford them, if they were to succeed in the new America. But it really wasn’t a new America, as angry whites continued their evil assault upon blacks. When blacks tried to educate themselves in newly formed schools by abolitionists such as General Howard, fires erupted and burned them down. When blacks tried to seek sanctuary within churches for educational purposes, fires erupted and the churches burned down.
I read in Wikipedia, the online encyclopedia, where Howard said, “The opposition to Negro education made itself felt everywhere in a combination not to allow the freed men any room or building in which a school might be taught. In 1865, 1866, and 1867, mobs of the baser classes at intervals and in all parts of the South occasionally burned school buildings and churches used as schools, flogged teachers or drove them away, and in a number of instances murdered them.”
In addition to being the namesake of one of the tremendous institutions of higher learning in America, Howard was also instrumental in providing leadership for the Freedman’s Bureau. I read in History.com that, “The Freedmen’s Bureau, formally known as the Bureau of Refugees, Freedmen and Abandoned Lands, was established in 1865 by Congress to help millions of former Black slaves and poor whites in the South in the aftermath of the Civil War.” The Freedmen’s Bureau could be a major component in the passing of legislation that authorizes the U.S. government to make material and spiritual advancements towards making reparations a reality. According to Encyclopedia.com, “FORTY ACRES AND A MULE was a phrase echoed throughout the South in the aftermath of the Civil War, asserting the right of newly freed African Americans to redistributed lands—particularly those plantations confiscated by U.S. troops during the war—as compensation for unpaid labor during slavery.”
However, with more research, we may be able to decipher the code that could lead to liberty. For instance, “unjust enrichment,” is a barometer for proving the need for reparations. There are three elements that must be present; the defendant received a benefit; at the plaintiff’s expense; and, under circumstances that would make it unjust for the defendant to retain the benefit without commensurate compensation.” It’s called “Unjust Enrichment,” and it’s the law!
Activism
Oakland Post: Week of April 24 – 30, 2024
The printed Weekly Edition of the Oakland Post: Week of April 24 – 30, 2024
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Business
Black Business Summit Focuses on Equity, Access and Data
The California African American Chamber of Commerce hosted its second annual “State of the California African American Economy Summit,” with the aim of bolstering Black economic influence through education and fellowship. Held Jan. 24 to Jan. 25 at the Westin Los Angeles Airport Hotel, the convention brought together some of the most influential Black business leaders, policy makers and economic thinkers in the state. The discussions focused on a wide range of economic topics pertinent to California’s African American business community, including policy, government contracts, and equity, and more.
By Solomon O. Smith, California Black Media
The California African American Chamber of Commerce hosted its second annual “State of the California African American Economy Summit,” with the aim of bolstering Black economic influence through education and fellowship.
Held Jan. 24 to Jan. 25 at the Westin Los Angeles Airport Hotel, the convention brought together some of the most influential Black business leaders, policy makers and economic thinkers in the state. The discussions focused on a wide range of economic topics pertinent to California’s African American business community, including policy, government contracts, and equity, and more.
Toks Omishakin, Secretary of the California State Transportation Agency (CALSTA) was a guest at the event. He told attendees about his department’s efforts to increase access for Black business owners.
“One thing I’m taking away from this for sure is we’re going to have to do a better job of connecting through your chambers of all these opportunities of billions of dollars that are coming down the pike. I’m honestly disappointed that people don’t know, so we’ll do better,” said Omishakin.
Lueathel Seawood, the president of the African American Chamber of Commerce of San Joaquin County, expressed frustration with obtaining federal contracts for small businesses, and completing the process. She observed that once a small business was certified as DBE, a Disadvantaged Business Enterprises, there was little help getting to the next step.
Omishakin admitted there is more work to be done to help them complete the process and include them in upcoming projects. However, the high-speed rail system expansion by the California High-Speed Rail Authority has set a goal of 30% participation from small businesses — only 10 percent is set aside for DBE.
The importance of Diversity, Equity and Inclusion (DEI) in economics was reinforced during the “State of the California Economy” talk led by author and economist Julianne Malveaux, and Anthony Asadullah Samad, Executive Director of the Mervyn Dymally African American Political and Economic Institute (MDAAPEI) at California State University, Dominguez Hills.
Assaults on DEI disproportionately affect women of color and Black women, according to Malveaux. When asked what role the loss of DEI might serve in economics, she suggested a more sinister purpose.
“The genesis of all this is anti-blackness. So, your question about how this fits into the economy is economic exclusion, that essentially has been promoted as public policy,” said Malveaux.
The most anticipated speaker at the event was Janice Bryant Howroyd known affectionately to her peers as “JBH.” She is one of the first Black women to run and own a multi-billion-dollar company. Her company ActOne Group, is one of the largest, and most recognized, hiring, staffing and human resources firms in the world. She is the author of “Acting Up” and has a profile on Forbes.
Chairman of the board of directors of the California African American Chamber of Commerce, Timothy Alan Simon, a lawyer and the first Black Appointments Secretary in the Office of the Governor of California, moderated. They discussed the state of Black entrepreneurship in the country and Howroyd gave advice to other business owners.
“We look to inspire and educate,” said Howroyd. “Inspiration is great but when I’ve got people’s attention, I want to teach them something.”
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Oakland Post: Week of April 17 – 23, 2024
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