CBX Daily 3/26/2024

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CultureBanx Team
March 26, 2024

Today access to anti-obesity meds has Black folks sidelined, but let’s start with how it may be time to turn the African fashion tide…

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Fashion Faux Pas: Why We Need A Vogue Africa

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Once Vogue Arabia was released, supermodel Naomi Campbell used her platform as a contributing editor to British Vogue to implore the company to create a Vogue Africa. The publication has yet to credit African designers for their impact on the global fashion industry, all while creating a central platform for them to attract more consumers.

Unbalanced Scales: Are Anti-Obesity Meds Limited For Black People?

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Gluttony for lily-white cash is the sin du jour that’s preventing Black populations from accessing life-changing treatment for obesity. The healthcare industry is currently experiencing a rise of interest in drugs that prevent weight gain and treat diabetes, however these particular medications are unavailable particularly for Blacks. One of the reasons being their cost and exclusion from Medicare coverage. The scales of accessibility don’t exactly tip in favor of people of color who are at greater risk for developing issues with weight management, especially Black women.

Workers 65+ Are Seeing The Race Gap In U.S. Employment Fading

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While progress has been made in closing the race gap in employment, there are still areas where disparities persist. One area of interest is the employment of workers aged 65 and over. In the last 10 years, the gap in the Black-white employment-to-population ratio, which measures the share of all employed workers out of the total working-age population, has diminished from 1.3 to 0.8 in this age group. 

Can Black Investors Enter The Agriculture Game Without Becoming Farmers?

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Rice, yams, watermelon and okra are all crops that originally entered the United States through the enslaved people taken from Africa over a century ago. Africa imported approximately 85% of its food from 2016 to 2018, racking up a food import bill of $35 billion. Food import costs are forecasted to reach $110 billion by 2025, even though there are around 33 million farms across the continent. In order for Africa’s agriculture to reach its full potential it will need investment.

Adidas Suffers From Yeezy's Blow As U.S. Sales Tumble

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It's no secret Adidas (ADDYY +2.79%%) has had a tumultuous ride when it comes to its partnership with Ye. Just when the tide was about to settle and the German sportswear brand had projected a $542.3M profit in 2024 after a $63M loss in 2023, things are taking a turn for the worse. Top markets are registering incredibly low sales with high levels of inventory.

Vibes of the Week

Africa is “Special” and it’s high time it’s given the recognition it deserves. Even Sza and Lizzo agree in our CBX Vibes!