GENERAL CHARLES “CQ” BROWN BECOMES FIRST AFRICAN AMERICAN USA MILITARY SERVICE CHIEF

By: Economic & Finance Report

General Charles “CQ” Brown has done it…. He is the first African American US Air Force chief of staff, and the first African American to lead a military branch in the United States. Nominated by President Trump in March 2020. He is second African American to join the US Joint Chiefs of Staff (after former Sec. of State General Colin Powell). He was confirmed by the Senate with a 98-0 vote, on June 9, 2020 (Wednesday).

General Brown has decorated accomplishments to him. He is a 4 star general; and until recently he lead the Air Force in the pacific. General Brown started his career in the Air Force in 1984, as F-16 fighter pilot and instructor. He served in duties around the globe particularly in Europe, Asia and the Middle East. -SB

Image Credit: AF.mil

AFRICAN AMERICANS BENEFIT LEAST ECONOMICALLY FROM THE STOCK MARKET RALLYING.

By: Economic & Finance Report

With the national protests occurring in the United States. There has long been an issue about the income inequality among minorities and investment inequalities among minorities, especially African Americans.

Analytics and data collected from The Federal Reserve indicate that over 60% of white families have stock share holdings while only 30% of black families have stock holdings. Indicated is that only a third of African American families are seeing the benefits from the stock market rally, currently occurring.

The wealth gap between minorities and white families is also very wide. Median white family net worth is $171,000 while African American family median net worth is approx $18,000. These wealth gaps tend to have economical effect on minority and black families as they are not given a fighting chance to improve financially and economically amongst their counterparts. -SB

Source: Yahoo Finance; Federal Reserve Survey Consumer Finances (2016); Image Source: Vox.com

THE CAST PODCAST EP. #13 feat. MIKE SMIFF (Youtube Edition)

MAJOR TECH COMPANIES ARE BETTING ON PODCASTS….

By: Economic & Finance Report

Major technology companies such as Spotify, Apple, BarStool Sports, and Amazon, are racking up their check books in investing in podcast shows and networks.

Amazon is utilizing Audible to attain podcast shows, while Apple is using its Apple TV shows and other Apple products for podcasting viability. BarStools Sports which began as a sporting blog, has utilized its strong sports platform in the podcasting space.

Over 100 million people in the United States listen to podcast shows, one way or another. The number seems to be increasing on rolling average basis according to analysts estimates. The way that traditional radio has been digressing, don’t be surprised as podcasting surpassing the new normal. -SB

_Listen to the #EFRPodcast & #TheCastPodcast shows on the cloud, soundcloud.com/Economic-FinanceReport

THE CAST PODCAST EP. #13 SLIP N’ SLIDE FEAT. MIKE SMIFF

BERKSHIRE HATHAWAY VICE CHAIR CHARLIE MUNGER, CALLS CORONAVIRUS THE WORST TO HAPPEN TO ECONOMY.

Photo Image Credit: Wikipedia

By: Economic & Finance Report

Vice chairman of Berkshire Hathaway, Charlie Munger has indicated that the recession that has been displayed because of the Coronavirus; has had drastic effect on the US and global economy as a whole.

Vice chair Munger has indicated executives from top S&P 500 companies are not seeking a government bailout aka “government intervention”, because in his opinion they are “too frozen” to do so. He has spoken that the airline industry has done very little to bring increase scrutiny on where they lie ahead of their financial stats and balance sheets. -SB

OVER 3 MILLION AMERICANS ARE UNEMPLOYED BECAUSE OF THE CORONAVIRUS PANDEMIC!!!!!!!!!

image: nytimes.com

By: Economic & Finance Report

Over 3.3 million Americans have claimed unemployment benefits because of the coronavirus, the U.S. Labor Dept has indicated this past week. The virus has taken a toll on businesses, income wages and society’s everyday way of living.

These numbers reflect a growing number of Americans who are currently unemployed and are seeking financial relief; because of what the COVID-19 virus has done to their working wages. Many people have insisted that the impact has burdened them into massive financial debt.

It also has to be noted, that the United States has now surpassed all other countries with the most infected individuals who have tested positive for COVID-19. Over 85,000 people in the USA have the coronavirus, as presented by data by John Hopkins University on March 26, 2020 (US infections 85,840). SB

Sources: US Labor Dept; John Hopkins University Covid-19 Data

#THECASTPOD EP. #12 LOL FEAT. @COMEDIANJLAND @YOUTUBE

The Cast Podcast Ep. #12 LOL feat. Jonathan Land Youtube Ed.