CBX Daily 6/13/2024

Author

Gary J. Nix
June 13, 2024

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Today women and minorities are the face of misdiagnosis as it is on full display, but let’s start with how shareholders won’t let diversity see the light of day…

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Boardroom Battle: Warren Buffet's Berkshire Hathaway Shareholders Aim To Nix Diversity

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Despite the flurry of corporate promises in 2020, particularly in the wake of George Floyd’s murder, professionals in the DEI space expressed concerns about the authenticity of these commitments. Yet, Berkshire Hathaway’s board’s recent rejection of six proposals addressing climate change, diversity, and inclusion further highlights the disconnect between corporate rhetoric and action. Further, the alarming drop in backing for racial equity/civil rights audits from 46% in 2022 to 22% in 2023 signals a concerning trend and threatens any advancements on DEI initiatives.

Women & Minorities Shine On The Medical Misdiagnosis Stage

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Medical misdiagnosis has reached a ‘code red’ level that’s leaving Black bodies in its wake. New research has revealed that communities of color are nearly 20% to 30% more likely to experience a medical mistake than their White counterparts. The study found that rates of misdiagnosis range from 17.5% of strokes, 22.5% of lung cancers and 1.5% of heart attacks. Weakening of the heart muscle is especially concerning given it’s the most common cause of maternal death among Black women. This misconduct in medicine underscores the need for much-needed racially informed protocols in healthcare. 

Diverse Admissions Surge With Coach Prime's Entry At CU

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Coach Prime is bringing his magic hands to CU Boulder. And it's not just about his football tricks and prowess. Since the appointment of Coach Prime, Deion Sanders, the applicant pool at CU has witnessed a remarkable surge, with an overall increase of 20% and a significant rise of over 50% in Black applicants. Latino and Hispanic applicants have jumped to 25.6% while American Indian and Alaskan Native students to 15%.

AI-ighty Potential

Dubbed the "the rocket fuel of AI" by Wired, this groundbreaking innovation has sparked fervent excitement across Wall Street. And with projections soaring to a potential market cap of $17 trillion – equivalent to 9 Amazons – the magnitude of its impact cannot be overstated.

And thanks to The Motley Fool, the full narrative of this extraordinary tech trend has been compiled into an exclusive report, designed to arm you with the insights needed to make informed investment decisions.

Central Banks Are Dripping In Gold By Increasing Reserves

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Yes, central banks around the world are significantly increasing their gold reserves. This trend, which started gaining momentum over the past few years, continues robustly into 2024. Right now the U.S. dollar is the world’s de facto global currency, but global central banks have built up their gold reserves increasing them by a net 39 tons, with major buyers including Turkey, China, and India​. This is great news for Africa which once led global gold production for a century and extracted about half the bullion mined to date.

Black Frontiers Could Spark Environmental Enterprises In The $28.9 Billion Market

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There have long been concerns about the environment, specifically pertaining to the impact of Black people’s survival. African Americans have more exposure than white people to 13 out of 14 pollutants in the world causing asthma, lung disease, cancer and heart issues. Numerous businesses are focused on sustainable consciousness when showcasing their social responsibility, as the industry is expected to reach $28.9 billion by 2024. Even though global warming concerns may look a little different for Black people than the mainstream global movement, there is green to be made all around.

Vibes of the Week

“Shake” the table won’t you? Shareholders won’t do it for diversity’s sake so you might as well. YG, Kaliii and Stunna Girl team up for this bop. Get into it in our CBX Vibes!