It's Tune-in Tuesdays!

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Lesley Green-Rennis
October 15, 2024

Today, millennial fortunes are refining, but let’s start with how equal pay for women athletes needs realigning…

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It's Time To Level The Paycheck Field For Women Athletes

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Despite the rapid growth in fan engagement and viewership, female athletes face stark pay disparities compared to their male counterparts. Male athletes earn anywhere from 15% to 100% more than their female peers, a divide that persists even as events like the 2023 US Open draw record-breaking audiences. 

Black Millennials Getting On Track To Create Generational Wealth

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Millennials are set to become the largest generation and portion of the workforce in the U.S. though they continue to lag behind Baby Boomers when it comes to creating generational wealth. People 57 to 75 years old, control 53% of the country’s total wealth, and have a far larger share of the country’s wealth than millennials when they were the same age, 21% compared to the millennials’ 4.6%. Building generational wealth, financial assets passed down from one generation to another, is an uphill battle for millennials, particularly Black millennials whose financial legacy is imperative in closing the racial wealth gap.

High-End Homes Are In And Average Homes Are Out

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There's a shift happening in the real estate market and it is in an unexpected direction. For the first time ever, luxury homes have outpaced average homes in demand. Luxury home values have shown a 3.9% increase in 2024 compared to 2023. To put it in perspective, this growth rate surpasses the 3.2% annual appreciation seen in the values of typical U.S. homes. The growth rate is is even more pronounced in specific markets; in Richmond, for instance, luxury home values have skyrocketed to four times more.

Tune-in Tuesdays!

African nations are voicing their frustrations by taking to the streets in the form of protests as they champion for change in governance, social justice, and economic equity. Are we on the brink of a significant transformation and are protests the way out?

A. “Exponential Potential” by Juliani – As protests grow, they can create significant pressure on governments and institutions, leading to real policy changes and shifts in governance that might have seemed unattainable initially.
B. “Live and Die in Afrika” by Sauti sol – There’s a profound dedication to the fight for social justice and equity and it’s a do or die situation.
C. “Uprising” by Wyre – Protests are a unified response from people who share common grievances and show a sense of solidarity. It may not be today but it’s the first step towards change.

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like it’s ‘Complicated’ It could be a shift to a healthier nation or companies are just looking to make the next quick buck. Who knows.

African Nations Are Losing $75 Billion To Biased Credit Ratings

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African nations face disproportionately high borrowing costs due to low credit ratings, which are often based on subjective assessments by global rating agencies. Only two countries, Botswana and Mauritius, hold investment-grade ratings, leaving the rest of the continent with limited access to affordable credit. For example, Kenya spends more than 60% of its revenue servicing debts, severely constraining its ability to invest in critical development areas like infrastructure, education, and healthcare.

Unpacking The Corporate Billion Dollar Diversity Supply Chain Bait & Switch

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Intel's (INTC +5.84%) commitment to a diverse supply chain was supposed to leverage the purchasing power of the small business owner and address social gaps in pursuit of fair and equitable business practices. The company claims that its $2.2 billion in diverse supplier spending represents nearly 15 times the annual total from when the program launched in 2015. Are diverse organizations within the supply chain link actually benefiting from these programs?

Vibes of the Week

It should be "Push 2 Start" as far as paying female athletes fairly. Tyla tells it in our CBX Vibes!