CBX Daily 6/27/2024

Author

CultureBanx Team
June 27, 2024

Today find out why DEI initiatives and shareholder activism don’t realign, but let’s start with tourism’s new-found gold mine…

Cultural Intelligence Download

BBL Come Up: Rise Of The $439 Billion Medical Tourism Market

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As the cost of healthcare care continues to rise in the U.S., medical tourism, a process of traveling to a different country for procedures is becoming increasingly popular. Pop culture stars like Kim Kardashian West and Nikki Minaj who receive major attention for their shapely physiques have become the modern-day apogee of plastic-surgery normalization. With cost savings of up to 90% for surgical or cosmetic procedures, the medical tourism market is expected to reach more than $200 billion globally by 2027.

Shareholder Activism Threatens DEI Initiatives In The Anti-Woke Uprising

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Multiple conservative groups across the country are filing proposals to challenge environmental, social, and governance (ESG) initiatives. That includes Diversity Initiatives, hard fought to get established in the first place. The main argument put forth by anti-woke activists is to return the focus to what really matters - the financials, the profit, the green. They also claim to be taking on the politics and partisan influence in these companies. The most prominent player in the anti-ESG movement is the National Center for Public Policy Research; filing 57 anti-ESG proposals in 2023 alone.

Ex-Insiders Sound The Alarm & Expose AI's Shortcomings

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The future appears to be truly vibrant as the world continues becoming imbued with artificial intelligence. With this immense growth comes severe ethical and legal issues. Former employees cum whistleblowers now say AI companies, driven by financial incentives, are prioritizing profitability over implementing effective safeguards. This pursuit of monetary gains, they contend, has overshadowed the pressing need for rigorous oversight mechanisms to mitigate the potential risks posed by advanced AI systems.

Black Homeownership Is Experiencing The Smallest Wealth Gains

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Overcoming the challenge of devalued properties in predominantly Black and affordable neighborhoods requires new strategies for building wealth. A new study from the National Association of Realtors indicates that it remains harder for Black homeowners to achieve the same wealth gains in homeownership that other groups do. Furthermore, they experienced the smallest wealth gains among any other racial or ethnic group, accumulating only $115,000 in housing wealth in the last decade. 

Reading Rainbow: Black Comic Books Big Role In The $22.4 Billion Market

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All Negro Comics, created by Orrin Cromwell Evans and four others in 1947, paved the way for companies like Milestone Media founded in 1993 that now have their place in the DC universe with Warner Brothers investing in a live-action Static Shock film produced by Michael B Jordan. The comic book that was once 15 cents an issue, is now valued at approximately $20,000 today, as the global comic book market size was valued at $14.6 billion in 2021 and is poised to grow $22.4 billion by 2030.

Vibes of the Week

There’s “Big Big Money” in BBLs and it falls under tourism. Key Glock tells it like it is in our CBX Vibes!