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Business Archives - Institute of the Black World 21st Century

Diepsloot in South Africa

South Africa: The fault-lines of the world’s most unequal society

By Editors' Choice

By John Allen, All Africa — Cape Town — Amid the explosive cocktail of ingredients which contributed to the outbreak of looting and burning in South Africa this week, new fault-lines running through a society divided by class as well as by race were on display as never before. The unrest may have been triggered by the jailing of former president Jacob Zuma and exacerbated by factors ranging from orchestrated…

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Mayor Baraka launches ambitious two-year economic recovery plan with $8.8 million first year budget.

Mayor Baraka launches ambitious two-year economic recovery plan with $8.8 million first year budget

By Editors' Choice

Investment will focus on small businesses, equitable development, and neighborhoods; Funding comes from 2021 American Rescue Plan legislation to create affordable commercial space. Mayor Ras J. Baraka announced last week that Newark is launching an ambitious two-year economic recovery program at a press conference at Kleen Kutz Unisex Beauty Salon at 1011 Bergen Street. The program will help small businesses like Kleen Kutz connect to grants, technical assistance and other…

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Report Card on President Biden

Panel Gives Biden “Passing” Grades – IBW National Forum Assesses Biden’s First 100 Days

By News & Current Affairs, Press Releases / Statements

On the eve of President Biden’s first 100 days in office the Institute of the Black World 21st Century (IBW) convened a National Virtual Forum to evaluate the progress of his administration so far in addressing issues of vital concern to Black voters. IBW assembled a stellar Panel of prominent African American political analysts, commentators and civil rights/human rights advocates from around the country to conduct the assessment which included:…

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Report Card on President Biden: The First 100 Days (A Virtual National Forum)

By Events, Reparations

April 29, 2021 — A panel of Black America’s leading scholars, analysts and activists grade President Biden’s performance during his first 100 days in office. Hosted by: Mayor Ras J. Baraka Newark, New Jersey Special Respondent: Mayor Chokwe A. Lumumba Jackson, MS Moderators: Nkechi Taifa, Esq. Author of Black Power, Black Lawyer Rev. Mark Thompson Host, Make It Plain Panelists: Dr. Julianne Malveaux Author, Political Economist, Commentator, Washington, DC LaTosha…

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Small Business

National Small Business Leaders Release Five-Point Plan to Save the Small Business Sector

By News & Current Affairs

Leading nonprofit executives, former senior federal officials and top public policy experts release the most comprehensive analysis of small business ever undertaken in the US and lay out a five-step plan that over 10 years would generate a net new 1.5 million small businesses and grow small businesses’ share of U.S. employment by 25%. WASHINGTON, D.C. — With Congress at an impasse on a new stimulus package and permanent business…

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Stressed Black Man

White Workers Are Getting Hired Back Twice As Fast As Black Workers

By COVID-19 (Coronavirus), News & Current Affairs

Nearly all the improvement in the unemployment rate over the past few months has been for white workers. By Emily Peck, HuffPost — At first glance, the unemployment rate seems a lot less terrible than it did a few months ago. In April, at the start of the COVID-19 shutdown, the jobless rate was a record-high 14.7%. This month, the Labor Department announced that the unemployment rate had dropped to 8.4%. But…

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Alexandria Ocasio-Cortez

Ocasio-Cortez Slams The ‘Racial Injustice’ Of The Cannabis Business As White Men Profit

By News & Current Affairs, War on the “War on Drugs” Posts

The New York congresswoman suggests “affirmative-action licensing” to mitigate the “racial wealth gap” in areas that paid the price of the war on drugs. By Mary Papenfuss, HuffPost — Rep. Alexandria Ocasio-Cortez (D-N.Y.) earned praise from “drug justice” advocates after criticizing a growing marijuana legalization and business model that is paving the way for white male investors to reap major profits after minorities spent decades in prisons for selling pot….

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Martin Luther King Jr. delivers his famed "I Have Dream" speech from the steps of the Lincoln Memorial, August 28, 1963.

600 Black Legislators Resolved to Push Policies for Economic Justice

By News & Current Affairs

On King Holiday Commemoration: 600 Black Legislators Resolved to Push Policies for Economic Justice. Resolution considered new win for Black Wealth 2020 By Hazel Trice Edney — It was three years ago that a group of national business leaders launched a movement called Black Wealth 2020 partially based on the economic vision articulated by Dr. Martin Luther King Jr. King said in his final speech on April 3, 1968: “It’s…

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Africa

Nigeria’s Tech Startups Defy the Odds

By Commentaries/Opinions

Without the startup ecosystems of the West, Nigerian entrepreneurs are building their nation, innovation by innovation. By Emily Feng, OZY — Any entrepreneur in Nigeria faces high operating costs brought on by the country’s unstable power supply, shaky internet and a fluctuating currency. Undaunted, Nigeria’s tech startups have proliferated, kick-starting a young but thriving tech scene that has earned Lagos’ colonial-era Yaba neighborhood — where many have their offices — the nickname…

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Tanzanian Farmers Crack the Code for Fighting Land Grab

Tanzanian Farmers Crack the Code for Fighting Land Grab

By Commentaries/Opinions

They felt like helpless victims for years. Not anymore. By Kizito Makoye, OZY — For nearly a week, Swalehe Nkwale saw unfamiliar surveyors place slabs on parts of Nyamitanga Division land 108 miles south of Dar es Salaam. Then one day, he saw a poster on his own farm declaring that he could no longer grow crops there. It was the start of a decade-long battle against British firm African…

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How Slavery Inspired Modern Business Management

How Slavery Inspired Modern Business Management

By Editors' Choice

By “dangling the carrot” to improve worker productivity, businesses are taking a page from slavery’s playbook. By Caitlin C. Rosenthal, Boston Review — In 1911 a congressional special committee convened to investigate the impact of new business practices on the lives of workers. Of particular interest to the committee was something called scientific management, a technique that sought to measure and improve worker productivity. The system’s most vocal proponent, a…

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Slavery Routes: For All the Gold in the World

By Reparations, Video/Audio

To expand their wealth, the Portuguese set up the slave trade, in which Africa was the centre. Filmmakers: Daniel Cattier, Juan Gelas and Fanny Glissant — At the end of the Middle Ages, Europe opened up to the world and discovered that it was at the margins of the world’s main area for wealth generation: Africa. Portuguese explorers were the first to set out to conquer Africa’s gold. When explorers…

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