CBX Daily 5/9/2024

Author

Claire Moraa
May 09, 2024

Today the potential growth of Black wealth from lease-to-own is evident, but let’s start with how Hollywood is turning a blind eye on a billion-dollar jackpot…

Now Playing:

Cultural Intelligence Download

There's A Blockbuster Blind Spot And It's Worth $30 Billion

CBX Vibe

For years, Hollywood has thrown in the same films on our screens deliberately or subconsciously ignoring other diverse cultures. Hollywood on its own makes bank. For instance, in 2023, the global box office generated $33 billion in revenue. And even though it does generate a significant amount of revenue, there is a gap in the market. This blind spot arises from the failure of Hollywood to adequately engage and represent diverse communities, resulting in substantial financial losses.

Can Lease-To-Own Housing Programs Increase Black Wealth?

CBX Vibe:

Homeownership is an important step to bridging the racial wealth divide. If Black homeownership matched white homeownership, Black wealth would increase by almost $40,000, bridging racial wealth inequality by about 30%. With current mortgage rates the highest they have been since 2008, and the number of homes for sale nationally plummeting, an alternative path to homeownership may be leasing to own your future home.

How Johnson & Johnson's $6.475 Billion Talc Settlement Impacts Black Women

CBX Vibe:

Pharmaceutical giant Johnson & Johnson (JNJ -0.44%) is set to pay $6.475 billion to settle lawsuits alleging its talc-based products, often associated with health concerns, caused cancer. This unprecedented agreement covers around 60,000 cases, marking a significant moment in the intersections of public health and corporate accountability. For Black women, who were selected by J&J as “the right place” to sell more baby powder to, specifically targeting  “under-developed geographical areas,” this is perhaps an opportunity for financial reciprocity.

Artists Unite Against A.I's Exploitation In New Musical Takeover

CBX Vibe:

The intersection of technology and creativity has always been a defining characteristic of the music industry. However, with the advancements in artificial intelligence (AI), the line between innovation and exploitation is becoming increasingly blurry, raising concerns about the industry's future. In response to the potential misuse of AI, a coalition of more than 200 artists, including superstars Nicki Minaj and Billie Eilish, is demanding safeguards to protect their voices and identities from being commercially used without their consent, highlighting their vulnerability in this digital age.

Despair-Driven Mortalities Surge Among Blacks In New Shift

CBX Vibe:

A meticulous analysis of data reveals that despite a long-standing perception of suicidal deaths being predominantly prevalent in the White community, recent trends have seen a significant surge in Black communities. A decade ago, despair-driven deaths among Whites was approximately double that of Blacks, at 72.15 per 100,000 population compared to 36.24 per 100,000. Fast forward to 2022 and the rate for Blacks has tripled to a staggering 103.81 for every 100,000.

Vibes of the Week

“Here We Go” again with another racial inequality moment. Coco Jones did tell us though. Listen to her angelic voice in our CBX Vibes!