Friday 06.14.2019

1st Ever Congressional Hearing On HR 40 Commission To Study Reparations Set For June 19

There will finally be a Congressional hearing on Reparations. Writer Ta-Nehisi Coates will be among those who testify. Coates wrote an often-cited article about reparations, “The Case for Reparations,” in The Atlantic in 2014. Actor and activist Danny Glover will also testify.

Like San Francisco, Chicago Should Ban Facial Recognition Technology

Facial recognition technology has been used by cities across the U.S., however, it is often for controversial purposes. A landlord in Brooklyn had planned to replace the key fobs with facial recognition. Amazon was reported to have sold its facial recognition software to immigration officials. Police departments in both Chicago and Detroit have purchased real-time face surveillance technology.

Facebook’s New Cryptocurrency Is Backed By Visa, Mastercard And Uber

In the decade since bitcoin started, consumers hardly use it to pay for things but Facebook hopes to change that with a crypto-based payments system built around its giant social network and 2.4 billion monthly active users.

Morgan Stanley Index For Economic Turning Points Sees Largest 1-Month Decline Ever, Lowest Since Financial Crisis

Morgan Stanley’s Business Conditions Index, which captures turning points in the economy, had its largest one-month decline on record, falling to the lowest level since December 2008 during the financial crisis, the firm said.

12 Years After Starting College, White Men Pay Off 44% Of Student-Loan Balance, Black Women’s Balances Grow 13%

Most of America is struggling to pay off their student loans. In fact, some experts say student loan debt could lead to country’s next financial crisis. But some student loan borrowers are faring better than others.