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Disney, Stieglitz and Others Criticize Excesses of Billionaires and Uber-Wealthy

NNPA NEWSWIRE — “It is time to call out the men and women who lead us and to draw a line in the sand about how low we are prepared to let hard-working people sink while top management takes home ever-more-outrageous sums of money,” Disney Heiress Abigail Disney wrote in a recent op-ed in the Washington Post. “It is unreasonable to expect corporate boards to act as a check on this trend; they are almost universally made up of CEOs, former CEOs and people who long to be CEOs.”

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By Barrington M. Salmon, NNPA Newswire Contributor

Disney Heiress Abigail Disney is the latest critic of the vast disparity between workers and business executives to level intense and passionate criticism at a system that allows CEOs to rake in unbelievable amounts of cash, stock options and benefits while ordinary workers languish in stagnation.

In tweets and a recent op-ed in the Washington Post, Disney excoriated Disney CEO Bob Iger who made $65 million in 2018, which is 1,424 times greater than the median income of the average Disney worker.

“It is time to call out the men and women who lead us and to draw a line in the sand about how low we are prepared to let hard-working people sink while top management takes home ever-more-outrageous sums of money,” Disney wrote in the opinion piece. “It is unreasonable to expect corporate boards to act as a check on this trend; they are almost universally made up of CEOs, former CEOs and people who long to be CEOs.”

“To put that gap in context, in 1978, the average CEO made about 30 times a typical worker’s salary. Since 1978, CEO pay has grown by 937 percent, while the pay of an average worker grew just 11.2 percent. This growth in inequality has affected every corner of American life.”

Disney, granddaughter of Roy Disney, co-founder of the legendary company with his brother Walt, is a philanthropist, activist, founder of Peace is Loud and co-founder of Level Forward, a start-up that backs media projects of women and people of color to develop films, podcasts, stage shows and related projects.

“At the pay levels we are talking about, an executive giving up half his bonus has zero effect on his quality of life,” she said. “For the people at the bottom, it could mean a ticket out of poverty or debt. It could offer access to decent health care or an education for a child.”

Disney appealed to the moral conscience of the Walt Disney Co. leadership.

“Lead. If any of this rings any moral bells for you, know that you are uniquely situated to model a different way of doing business,” she wrote. “… You do not exist merely for the benefit of shareholders and managers. Reward all the people who make you successful, help rebuild the American middle class and respect the dignity of the men and women who work just as hard as you do to make Disney the amazing company it is.”

Nobel Prize-winning Economist Joseph E. Stiglitz agreed with Disney, telling Democracy Now’s Amy Goodman and Juan Gonzalez in an April 24 interview that capitalism hasn’t been working for most Americans for the last 40 years.

“She’s absolutely right. You mentioned that in the late ’70s it was 30 to one, on average; today it’s over 300 to one,” said Stiglitz, a Columbia University professor, professor and chief economist at the Roosevelt Institute and former chairman of the Council of Economic Advisers under President Bill Clinton. “And it’s not as if our CEOs have gotten 10 times as productive in those intervening years. It’s not as if—you know, American CEOs get paid so much more than their workers relative to those in Europe and even more relative to those in Japan. And it’s not because our CEOs are that much more productive. It’s because we have a real problem in our corporate governance laws, in our norms, that allow them to take away that much money.”

Stiglitz, author of a new book, “People, Power, and Profits: Progressive Capitalism for an Age of Discontent,” said using CEO bonus money to share the wealth among Disney employees as Disney suggests would make a significant difference to workers.

“That money could also have gone into investment,” he said. “You know, one of the striking things about the United States today is that while the rates of return are very, very high relative to what they’ve been in the past, the levels of investment have been low. So, you would have thought those two would have gone together, but with CEO pay and share buybacks being so large—trillion dollars of share buybacks last year—the money isn’t going either to workers or to investment.”

The widening wage gap and widespread disparities have been news lately with Rep. Alexandria Ocasio Cortez (D-NY), Vermont Sen. Bernie Sanders, billionaire investor Warren Buffett, entrepreneur and venture capitalist Nick Hanaeur, activists from the Left, progressives and others leading the charge against, and warning about, the consequences of the excesses of the uber-rich. Ocasio Cortez, a freshman legislator, has proposed a 70 percent tax on incomes over $10 million, while Sen. Elizabeth Warren posited a “wealth tax” of 2 percent for those whose net worth exceeds $50 million. And Sanders has suggested increasing the estate tax for estates above $1 billion, so that children of billionaires do not unfairly reap the windfalls regular Americans don’t get, all of which has caused consternation in wealthy circles.

They have been increasing critical of a Republican tax cut in 2017 that transferred about $1.2 trillion of wealth from the middle class to the super rich and politicians and a business elite who have done little to address and alleviate the financial challenges that face their workers.

In 2018, The United Way released data collected over 10 years that offers a disturbing snapshot of where the United States stands since the 2008 recession ended. The ALICE (Asset Limit, Income Constrained, Employed) Project, shows that almost 51 million Americans make less than what’s needed to survive in the modern economy. Stephanie Hoopes, the project’s senior researcher, said that number includes 16.1 million households living in poverty, as well as the 34.7 million families that fall under the ALICE classification.

That translates to what she said is a staggering 43 percent of American households that can’t afford basics such as food, child care, health care, transportation, and a cell phone.

“There are many different ALICE stories. Some people are in different situations because of health problems, natural disasters and a number of other issues,” Hoopes said. “Usually people who are in this field totally understand the magnitude of this problem. The cause is a mismatch between basic elements of the average household budget and what people are making. Housing, childcare, food, transportation and healthcare are increasing faster than inflation overall and faster than wages. Increasing wages would help offset fluctuating wages, unpredictable hours and workhours incompatible with childcare.

America’s working class is caught in an economic vice fueled by decades of stagnant wages; the weakening of organized labor by Republican lawmakers; gaming of the system by politicians and corporations; minimum wages for fast food and service jobs employees; unemployment; the spiraling cost of food, medicine, and rent; gentrification, foreclosures, and the severe shortage of affordable housing.

Dr. Elise Gould, a senior researcher at the Washington, D.C.-based Economic Policy Institute (EPI) said research conducted by EPI experts, scholars and researchers corroborates the United Way findings.

“There are a lot of people working who are still in poverty,” said Dr. Gould, whose areas of expertise include wages, poverty, jobs, healthcare and economic mobility. “We put data out, titled “50 Years after the Poor People’s Campaign, Poverty Persists Because of a Stingy Safety Net and a Dysfunctional Labor Market,” which shows that a number of Americans living in poverty who may be in school or retired, but two-thirds are otherwise employable. Of those, 63 percent are working and 45.5 percent of them work fulltime.”

“People need more jobs, jobs that have more hours and the pay needs to be higher. What people are earning is simply insufficient. We also need a better safety net for caregivers and students. It seems like people are working really hard and low-income workers are more educated than ever before but the data make it clear that millions of people who are active participants in the labor market are unable to make ends meet, either due to insufficient hours or low wages.”

Stiglitz said the promise of decent, well-paying jobs, a sturdy social safety net and retirement security has faded and the social contract between politicians, corporations and the public is increasingly being ignored.

“People need more jobs, jobs that have more hours and the pay needs to be higher. What people are earning is simply insufficient. We also need a better safety net for caregivers and students,” Stiglitz said in an article titled, ‘The American Economy is Rigged. And What We Can Do About It.’ “It seems like people are working really hard and low-income workers are more educated than ever before but the data make it clear that millions of people who are active participants in the labor market are unable to make ends meet, either due to insufficient hours or low wages.”

“The basic perquisites of a middle-class life, including a secure old age, are no longer attainable for most Americans,” Stiglitz continued. “We need to guarantee access to health care. We need to strengthen and reform retirement programs, which have put an increasing burden of risk management on workers (who are expected to manage their portfolios to guard simultaneously against the risks of inflation and market collapse) and (which) opened them up to exploitation by our financial sector (which sells them products designed to maximize bank fees rather than retirement security).”

Beverly Hunt knows what it’s like to live in such uncertain circumstances. Hunt, a Washington, D.C.-area resident for more than 20 years, said significant health care challenges have jeopardized her wellbeing.

The communications and public relations veteran said she has been living an increasingly precarious existence since discovering that she has breast cancer four years ago.

“I was very blessed when I was diagnosed with cancer because I had a good job and good insurance with an 80-20 split, meaning 20 percent of the costs are borne by me,” said Hunt, a Howard University graduate who has been in her career field for 30 years. “I was paying $200 a month for four whole years to one doctor. This has affected everything with me … it’s scary. Even though I have a great insurance, I still had to pay cash. Acupuncture is no longer covered and I haven’t even begun to figure how to pay for radiation. I’m thinking I may wait for the full seven years when my credit is clear and start from there.”

“It’s certainly taken a toll on my standard of living. I know so many friends with no insurance and the consequences for them have been so much worse. What they’re dealing with has knocked people out of the middle class. One serious illness, being unemployed for several months a year, or us Baby Boomers not being hired—all this affects one’s ability to stay in the middle class. What I see among my peers is that they are jammed up, deciding whether they are going to eat or pay bills.”

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FILM: Top 10 Must-See Black documentaries

NNPA NEWSWIRE — Below you will find a list of documentaries, based on the roots of African American culture, compiled by Word in Black partner, The Houston Defender. From “I Am Not Your Negro” to “High on the Hog,” each film offers up the origin stories of our most important activists, artists, athletes and traditions.
The post FILM: Top 10 Must-See Black documentaries first appeared on BlackPressUSA.

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By The Houston Defender | Word in Black

The AFRO’s October Special Edition is all about the roots of our culture, our family lineage and the return to old ways and traditions. Below you will find a list of documentaries, based on the roots of African American culture, compiled by our Word in Black partner, The Houston Defender. From I Am Not Your Negro to High on the Hog, each film offers up the origin stories of our most important activists, artists, athletes and traditions.

#10: Attica (2021) 

In September 1971, Attica Prison became the location of one of the largest prison riots in US history, taking place just weeks after revolutionary activist George Jackson was murdered by prison guards at Rikers Island, an act that initiated the birth of Black August and the prison reform movement. The constant abject cruelty and inhumane treatment doled out to the incarcerated (who were overwhelmingly Black and Latinx) by Attica guards (all White) created the context. The riot itself, and its aftermath, are something all human beings should be required to reckon with.

#9: Quincy (2018) 

If you’re Black, it literally doesn’t matter when you were born, what generation you’re a part of, or where you’re from. You’ve been impacted by the genius of Quincy Jones. We’ve all been influenced by the genius of Quincy Jones. The music he made, the albums he produced, the artists he developed, the movies he scored, and about a gazillion other things Jones did, means, as I’ve already said, if you’re Black, Quincy has had a hand in your life. Don’t believe me. What Black person do you know who isn’t a Michael Jackson fan, who hasn’t seen The Wiz, or who doesn’t have a family member who worships jazz music? Quincy Jones had his hand in all that and so much more. Directed by one of his daughters, actress Rashida Jones, this doc is most definitely a must see.

#8: Four Little Girls (1997) 

On Sept. 15, 1963, just 18 short days after the much-celebrated March on Washington for Jobs and Freedom, the 16th Street Baptist Church in Birmingham, Ala., was bombed by four members of a Ku Klux Klan-affiliated racist group. Addie Mae Collins, Denise McNair, Carole Robertson, and Cynthia Wesley, four African American girls between the ages of 11 and 14 who had been attending the church’s Sunday school, were killed in the blast, an act of White domestic terrorism that served as a horrific and sober reminder that Dr. King’s “I Have a Dream” speech was not enough to end the hold the myth of White supremacy had on so many. Director Spike Lee tells this powerfully compelling and important story as only he can.

#7: The Two Killings of Sam Cooke (2019) 

For generations that came after the Baby Boomers, it’s hard for us to fully fathom how big a star Sam Cooke was. Think of the biggest singer of any generation. That was Sam Cooke in his heyday. And not only was he hyper-talented, but not only did he call some of the biggest names in Black history his personal friends (Muhammad Ali and Malcolm X just to name a few), Cooke was a man of the people. And he was heavily invested in the Civil Rights Movement and an advocate for Black self-determination and Black ownership. Cooke even pulled a “Prince” long before Prince—gaining ownership of his own music, something that was as rare then as it is today. This documentary chronicles Cooke’s life, rise to fame, and eventual end, though his influence never died.

#6: Thunder Soul (2010) 

Here’s a hometown entry. Thunder Soul spotlights the extraordinary alumni from Houston’s storied Kashmere High School Stage Band which the iconic Conrad Johnson led. These alums return home after 35 years to play a tribute concert for the 92-year-old ‘Prof’, their beloved band leader who transformed the schools struggling jazz band into a world-class funk powerhouse in the early 1970s. This one will have you out of your seat and dancing in the streets. Check it out.

#5: Who We Are: A Chronicle of Racism in America (2021)  

In this documentary, criminal defense/civil rights lawyer Jeffery Robinson “draws a stark timeline of anti-Black racism in the United States, from slavery to the modern myth of a post-racial America.” It’s that simple, and yet that complex. And it goes without saying; it’s a must see.

#4: Jeen-Yuhs (2022) 

No matter where you score on the Love Ye / Hate Ye scale, this 2022 documentary about his rise to superstardom is beyond compelling. I mean, who thinks to chronicle their every move from the moment they start pursuing their dream until they either give up on it or see it to fruition and beyond? Who does that? No one but this negro Kanye. He may be the only human being with an ego big enough to conceive of such a project. And believe me, the scope and scale of this documentary match that galaxy-sized self-obsession brahman has that make him both insanely talented and just plain insane at the same time.

#3: I Am Not Your Negro (2016) 

This documentary by Raoul Peck, director of Exterminate All the Brutes (2021) which made the first list of must-see documentaries, introduced the brilliance and unabashed Black of James Baldwin to a whole new generation. Described as a work that imagines the completion of Baldwin’s unfinished manuscript, Remember This House (about Baldwin’s personal reflections on and recollections of three of his personal friends who were killed during the Civil Rights and Black Power movements—Medgar Evers, Malcolm X, and Rev. Dr. Martin Luther King Jr.), I Am Not Your Negro is about so much more.

#2: The Last Dance (2020) 

You don’t have to be a basketball fan to get caught up in the chronicling of the last run at an NBA championship by the Michael Jordan-led Chicago Bulls who had been told before the season began that the team would be broken up. The doc not only takes you on that 1996 Bulls’ championship ride, but it also digs deep into the past of players, coaches, and family members, spotlighting triumphs and tragedies that are part of the human story, not just the story of professional athletes.

#1: High on the Hog 

How African American Cuisine Transformed America (2021)

If you know me, you know I’m a sucker for anything that celebrates our history, especially those things that connect us to our African roots and our Pan-African family. This documentary does all that and more. Because the main character is food. Our food. The stuff we grew up on. The meals many of us are eating right now, and never stopped eating since our youth. This beautifully filmed, beautifully narrated piece of art is full of both the familiar and the foreign; or rather, things we’ve come to believe are foreign to us, but are really part of our story and our heritage. And the okra on top? High on the Hog has a powerful H-Town connection. A few, in fact.

This list of documentaries based on the roots of African American culture was compiled by Word In Black.

This article originally appeared in The Afro.

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Lawsuit Alleges U.S. Government Discriminated Against Black Veterans for Decades

NNPA NEWSWIRE — According to internal VA data obtained by the Washington Post, Black applicants seeking disability benefits were denied 30 percent of the time from 2002 to 2020. White applicants were denied 24 percent of the time.
The post Lawsuit Alleges U.S. Government Discriminated Against Black Veterans for Decades first appeared on BlackPressUSA.

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Black Information Network | Atlanta Daily World

A new lawsuit against the Department of Veterans Affairs (VA) alleges that the U.S. government discriminated against Black veterans for decades.

On Monday (November 28), the suit was filed by Yale Law School’s Veterans Legal Services Clinic (VLSC) on behalf of Vietnam War veteran Conley Monk Jr, whose applications for education, housing, and disability benefits have been denied since he returned home from the war, per The Hill.

According to the suit, discrimination by the VA has left Black veterans without benefits more frequently than their white counterparts.

Yale’s VLSC said the lawsuit could “provide a legal pathway for Black veterans to seek reparations from the VA.”

“This lawsuit seeks to hold the VA accountable for years of discriminatory conduct,” Adam Henderson, a law student working with the VLSC on the case, said in a statement, per the Hill.

“VA leaders knew, or should have known, that they were administering benefits in a discriminatory manner, yet they failed to address this unlawful bias,” Henderson added. “Mr. Monk — and thousands of Black veterans like him — deserve redress for the harms caused by these negligently administered programs.”

According to internal VA data obtained by the Washington Post, Black applicants seeking disability benefits were denied 30 percent of the time from 2002 to 2020. White applicants were denied 24 percent of the time.

VA press secretary Terrence Hayes said the agency is working to combat “institutional racism.”

“Throughout history, there have been unacceptable disparities in both VA benefits decisions and military discharge status due to racism, which have wrongly left Black veterans without access to VA care and benefits,” Hayes said. “We are actively working to right these wrongs.”

The post U.S. Government Discriminated Against Black Veterans For Decades: Lawsuit appeared first on Atlanta Daily World.

The post Lawsuit Alleges U.S. Government Discriminated Against Black Veterans for Decades first appeared on BlackPressUSA.

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BOOKS: Jerald LeVon Hoover Blends a Love of Sport & Friendship into New Children’s Book

NNPA NEWSWIRE — Through colorful pictures with vibrant imagery, young readers will easily get drawn into the exciting adventures of Bennett Mayco Wilson’s fictional yet exciting world and learn valuable childhood lessons together, when Bennet gets a basketball as a present from his father on his fourth birthday.
The post BOOKS: Jerald LeVon Hoover Blends a Love of Sport & Friendship into New Children’s Book first appeared on BlackPressUSA.

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‘A Basketball Hero is Born’ is a part of The Hero Book Series by Jerald LeVon Hoover, which aims to inspire youth to make a positive change in their communities and the world in general

Widely celebrated African American author, Jerald LeVon Hoover, is once again inspiring young people to make a positive change in their communities with the launch of a new children’s book. Titled A Basketball Hero is Born, the new children’s reading book contains colorful pictures that warm the heart and keep young readers glued to its pages.

The plot follows the exciting adventures of Bennett Mayco Wilson who gets a basketball as a present from his father on his fourth birthday. Affectionately naming the new basketball “Lucky,” the story unfolds as young Bennett tries to take his new best friend everywhere, including the dinner table, to school, and to bed when it is time for sleep.

Jerald L. Hoover

Jerald L. Hoover

Through colorful pictures with vibrant imagery, young readers will easily get drawn into Bennett’s fictional yet exciting world and learn valuable childhood lessons together. Currently available for purchase on Amazon, A Basketball Hero is Born is a part of The Hero Book Series by Jerald LeVon Hoover, which emphasizes instilling a love of sports and friendship in young readers.

About The Author

Jerald L. Hoover is a multi-talented individual with countless accomplishments in the creative, literary, and entertainment worlds. After winning an award for “The Best New Male Writer of the Year” for his fictional novel, My Friend, My Hero Jerald went on to be listed from 1994 – 1996 as a best-selling author among young Black writers in various African American publications. In 1995, he was awarded the Writers Corp Award by then-President Bill Clinton. In 1998, Jerald was inducted into the Mount Vernon Boy’s and Girl’s Club Hall of Fame. Since then, Jerald has won several other awards and is also an in-demand motivational speaker who overcame a childhood speech impediment.

The post BOOKS: Jerald LeVon Hoover Blends a Love of Sport & Friendship into New Children’s Book first appeared on BlackPressUSA.

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