Thousands make deposits in Black-owned banks in protest of police shootings

By Roz Edward, National Content Director The Michigan Chronicle, July 18, 2018 — First Indepence Bank (Michigan Chronicle)   Reacting to the most recent wave of shootings of Black men by police officers, thousands of African American consumers across America are directing their dollars by opening checking and savings accounts in Black-owned banks.   A grassroots effort being called a “Spend Movement” found the nation’s Black banks receiving calls and on-line requests to open accounts.   Read more [...]

As PCI 3.1 deadline is pushed back, online merchants face big risks

Any merchant that accepts credit or debit card payments is likely familiar with the Payment Card Industry Data Security Standard. Managed by the PCI Security Standards Council (of which all the major U.S. card issuers are members), PCI DSS sets forth requirements for how card-based transactions are processed. It mandates, among other requirements, the creation and testing of a secure network. Many of its stipulations – such as avoiding vendor defaults for passwords and encrypting cardholder Read more [...]

Economic Advisor: March 7, 2016

  The economy added more jobs than expected, while lay-offs grew slightly, and construction spending enjoyed a healthy gain. Unemployment The unemployment rate held steady at 4.9 percent in February, with the economy adding 242,000 non-farm jobs, which was well beyond market expectation of 180,00 jobs, according to last week’s report from the Bureau of Labor Statistics. Key industries that were drivers for last month’s job growth included healthcare and social assistance, retail, food services Read more [...]

Clean Tech in Court: Green Patent Complaint (and Settlement) Update

Several new green patent complaints were filed in July and August in the areas of LEDs, smart grid, and water meters. But before we get to that, a significant green patent case settled during this period.  Colorado-based Gevo and BP-DuPont joint venture Butamax announced that they entered into worldwide patent cross-license and settlement agreements. The deal ends a massive patent dispute that began back in early 2011 and grew to comprise at least 17 lawsuits and 14 patents relating to methods Read more [...]

Lowes Settles ADA Accommodation Lawsuit, EEOC Issues Guidance

On May 9, 2016, the Equal Employment Opportunity Commission (EEOC) released new guidance on employer-provided unpaid leave as a reasonable accommodation under the Americans with Disabilities Act (ADA). Under the ADA, employees with disabilities must be granted “reasonable accommodations” that will allow the employees to complete their duties on the job. According to the EEOC, reasonable accommodations include allowing disabled employees to take a period of unpaid leave for medical treatment or Read more [...]

Most Likely The Form Of Government On Mars Would Be A Direct Democracy

In 1969, computer-processing magnate Ross Perot had a McLuhan-ish dream: an electronic town hall in which interactive television and computer punch cards would allow the masses, rather than elected officials, to decide key American policies. In 1992, he held fast to this goal–one that was perhaps more democratic than any society could survive–when he bankrolled his own populist third-party Presidential campaign. Today Elon Musk wants to blast this vision of direct democracy to Mars, writes Read more [...]

Muhammad Ali dies at age 74

Muhammad Ali dies at age 74 American professional boxer, generally regarded as the most significant heavyweight in the history of the sport. Early in his career, Ali was known for being an inspiring, controversial and polarizing figure both inside and outside the boxing ring. He is known as one of the most recognized sports figures of the past 100 years, crowned “Sportsman of the Century” by Sports Illustrated and “Sports Personality of the Century” by the BBC. He also wrote several best-selling Read more [...]