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PRESS ROOM: Rev. Jesse Jackson’s 22nd Annual Rainbow PUSH Wall Street Project Economic Summit

NNPA NEWSWIRE — The Wall Street Project’s Economic Summit will bring entrepreneurs, corporate executives and the nation’s leading policymakers together to increase business and employment opportunities for African Americans, women, and all people of color.

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Join National Urban League President & CEO Marc H. Morial, Rev. Al Sharpton, Congresswoman Maxine Waters, Congressman Gregory W. Meeks, President & CEO CVS Health, Larry J. Merlo, Susan L. Taylor, CEO & COO Ariel Investments John W. Rogers and more ….

New York, NY– The Rainbow PUSH Coalition and Citizenship Education Fund will host its 22nd Annual Wall Street Project Economic Summit, February 20 – February 22, 2019 at The Sheraton New York Times Square Hotel, 811 7th Ave., 3rd Floor in New York City. The Wall Street Project Economic Summit is themed, 400 Years Later: Closing the Wealth Gap, Expanding Opportunity.” It will feature sessions on closing the wealth gap, consumer protection, the state of telecom, the tech industries, diversity, investing globally and in Africa, a fireside chat with Larry J. Merlo, president and CEO of CVS Health, and much more.

“We’re looking to expand upon the progress and discuss ways to increase opportunities for minorities and women,” says Rev. Jesse L. Jackson, Sr. founder and president of the Rainbow PUSH Coalition, and organizer of the Wall Street Project. “After 400 years, there is still much more work to be done in terms of our freedom, equity, diversity and inclusion, particularly in today’s political climate if we want to close the wealth gap and expand opportunity.”

The Wall Street Project’s Economic Summit will bring entrepreneurs, corporate executives and the nation’s leading policymakers together to increase business and employment opportunities for African Americans, women, and all people of color.

“History is an unbroken continuity that cannot be denied. Americans should not hide from the past nor engage in an extended exercise of rehashing 400 tragic years. However, we do need to continue to push to close the wealth gap and expand opportunities for African Americans,” adds Rev. Jackson. “This year’s Wall Street Project Economic Summit plans to address where and what African Americans should and can do – since setting foot 400 years ago on U.S. soil.”

Day One: The Summit will consist of discussions on the State of Black America since Blacks were brought to America, closing the wealth gap, with panelists Alfred  A. Edmond, Jr. SVP/ Executive Editor-at-large, Black Enterprise and Marc H. Morial, President and CEO, National Urban League and a fireside chat with Toni Townes-Whitley, President, U.S. Regulated Industries Colleges and Universities; and end with an opening reception where members of the Congressional Black Caucus will be in attendance.

Day Two: Kicks off with a fireside chat with Rev. Jackson and Larry J. Merlo, President & Chief Executive Officer, CVS Health; a session on the racial wealth gap and its ties to Wall Street, including diversity on corporate boards, C-suites, consumer protection, the state of Historically Black Colleges and University, the annual Ministers & Labor Luncheon where the keynote speaker will be the Honorable Emanuel Cleaver II, U.S. Representative Missouri’s 5th congressional district. The day continues with a sports session and a session on the ‘Business of Hip Hop.’  On the evening of Day Two, the Wall Street Summit will end with “Rainbow PUSH Coalition and Citizenship Education Fund 22st Annual Wall Street Project Scholarship Gala,” which will include distinguished honorees and musical entertainment by singer, songwriter Lalah Hathaway.

Day Three: The Summit ends with the Wall Street Project Economic Project Annual Business Luncheon where the keynote speaker will be Congresswoman Maxine Waters and David L Casey, Vice President, Workforce Strategies & Chief Diversity Officer, CVS Health will be honored.

Confirmed speakers to date include: Reverend Jesse L. Jackson, Sr.; Congressman Emanuel Cleaver; Dr. Darrick Hamilton, executive director of the Kirwan Institute for the Study of Race and Ethnicity at Ohio State, Reverend Al Sharpton, president and CEO, National Action Network, Janice Mathis, executive director of the National Council of Negro Women; Congressman Gregory W. Meeks – Senior Member- House Committee on Financial Services and Senior Member- House Foreign Affairs Committee;  Larry J. Merlo, President & CEO of CVS Health; John W. Rogers, Jr., CEO and CIO, Ariel Investments; Gala CO-Chair Susan L. Taylor, Founder & CEO, National CARES Mentoring Movement and Editor-in-Chief Emerita, Essence Magazine; Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee.

CLICK HERE FOR FULL AGENDA

TO REGISTER, Visit: http://www.rainbowpushwallstreetproject.org/registration.html  or call (646) 569-5889

Bay Area

IRS Extends Filing Dates in Counties Under Federal Emergency Declarations

The announcement affects residents in Alameda, Marin, Contra Costa, San Francisco, Monterey, Napa, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Solano and Sonoma counties, the IRS said.

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Eligible taxpayers will also have until May 15 to make 2022 contributions to their IRAs and health savings accounts.
Eligible taxpayers will also have until May 15 to make 2022 contributions to their IRAs and health savings accounts.

By Katy St. Clair, Bay City News Foundation

The Internal Revenue Service has extended its annual tax return due date by a month for people who live in areas impacted by the recent storms, the IRS announced on Tuesday.

California storm victims now have until May 15 to file their individual or business taxes if their area was declared an emergency by the Federal Emergency Management Agency.

The announcement affects residents in Alameda, Marin, Contra Costa, San Francisco, Monterey, Napa, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Solano and Sonoma counties, the IRS said. A full list of counties can be found at https://www.irs.gov/newsroom/tax-relief-in-disaster-situations.

Eligible taxpayers will also have until May 15 to make 2022 contributions to their IRAs and health savings accounts.

Taxpayers will not have to do anything to initiate the extension, the IRS said, and do not have to contact the agency to get this relief.

Some other extensions are being granted to farmers, those who pay quarterly estimated payments, and those who pay quarterly payroll and excise taxes. To learn more, go to irs.gov.

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Bay Area

City Fails to Win $182 Million Federal Grant for Oakland A’s Howard Terminal Project

Opponents said the lack of a recommendation by the U.S. Department of Transportation “shows the lack of credibility — likely based on concerns over safety, economic viability, disruptions to port traffic and supply chains, echoed by maritime stakeholders — for the future of the project with key public transportation and political stakeholders that should prompt an overall re-evaluation.”

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A city document suggests $600 million will be needed for offsite infrastructure.
A city document suggests $600 million will be needed for offsite infrastructure.

By Keith Burbank | Bay City News

Oakland may miss out on millions of dollars in grant money that could advance the Oakland A’s proposed ballpark at the city’s port.

The U.S. Department of Transportation failed to recommend that Oakland get $182.9 million in the initial round of funding for the city’s Waterfront Mobility Project. Oakland has not received official word that it was denied the grant money.

The city has been securing dollars for the offsite infrastructure needed to support a new ballpark at the Charles P. Howard Terminal.

“While we are disappointed to have not been selected in the first round, we believe we put forward a strong application and are well positioned to secure other funding sources,” said Fred Kelley, director of the Oakland Department of Transportation. “We will continue to pursue other funding sources to ensure our projects have the resources they need.”

Oakland applied for grant money through the Mega Grant Program, which funds “large, complex projects that are difficult to fund by other means and likely to generate national or regional economic, mobility, or safety benefits.”

The ballpark proposed by the Oakland A’s would seat about 35,000 people, and the development overall consists of new housing, parkland, an entertainment venue and commercial space.

Not everyone wants the A’s to build a new park at the Port of Oakland. Groups have come together in opposition, hoping to have the A’s build a new park in East Oakland at the current Oakland Coliseum site.

Groups led by the Pacific Merchant Shipping Association sued to stop Oakland from issuing a required environmental impact report for the proposed ballpark.

The opponents said the lack of a recommendation by the U.S. Department of Transportation “shows the lack of credibility — likely based on concerns over safety, economic viability, disruptions to port traffic and supply chains, echoed by maritime stakeholders — for the future of the project with key public transportation and political stakeholders that should prompt an overall re-evaluation.”

A city document suggests $600 million will be needed for offsite infrastructure. The city has secured or is in the process of securing more than $320 million of that money, according to city documents published in December.

Former Oakland Mayor Libby Schaaf was a strong supporter of the project.

New Oakland Mayor Sheng Thao said at her inauguration Monday that she will work with the Oakland A’s on a deal to keep the team in Oakland while protecting Oakland values.

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Activism

California Family Whose Beachfront Properties were Seized 100 years ago, Sells Land Back to County for $20 Million

In the 1920s, the beach resort was extremely popular with African American tourists. At that time, Black people were not permitted on white beaches. The site became famously known as “Bruce’s Beach.” The children and grandchildren of Charles and Willa Bruce fought for decades to get back the land.

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Supervisors Janice Hahn and Holly Mitchell commemorate the signing of State legislation to return the land to the closest living heirs of the Charles and Willa Bruce. Credit / County of Los Angeles.
Supervisors Janice Hahn and Holly Mitchell commemorate the signing of State legislation to return the land to the closest living heirs of the Charles and Willa Bruce. Credit / County of Los Angeles.

By Stacy M. Brown
NNPA Newswire

The great-grandchildren of the African American couple Willa and Charles Bruce, whose land in Southern California was taken in 1924 and returned to the family last year, have opted to sell it back to the local government for $20 million.

In the 1920s, the beach resort was extremely popular with African American tourists. At that time, Black people were not permitted on white beaches.

The site became famously known as “Bruce’s Beach.”

The children and grandchildren of Charles and Willa Bruce fought for decades to get back the land.

Chief Duane Yellow Feather Shepard, a family historian and spokesman for the Bruce family, stated in a 2021 interview, “It was a very significant location because there was nowhere else along the California coast where African Americans could go to enjoy the water.”

The Ku Klux Klan and other white supremacists often threatened the Bruce family, but they kept the resort open and took care of the land.

In 1924, the municipal council used eminent domain to take the land to build a park.

But, according to a TV show called “The Insider,” the area wasn’t used for many years.

Willa and Charles Bruce fought back in court, but their compensation was only $14,000. In recent years, local officials have estimated the property’s value to be as high as $75 million.

The area contains two coastal properties and is currently used for lifeguard training.

Janice Hahn, chair of the Los Angeles County Board of Supervisors, revealed that the family would sell the property back to the local government.

Hahn stated that the price was set through an appraisal.

Hahn stated, “This is what reparations look like, and it is a model I hope governments around the country would adopt.”

The statement made by Hahn may or may not be exactly what the Bruce family desired in addition to the restitution of their land.

In 2021, Anthony Bruce, the great-great-grandson of Willa and Charles Bruce, told The New York Times, “An apology would be the least they could do.”

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