CBX Daily 7/22/2024

Author

CultureBanx Team
July 22, 2024

Today pop culture could be the key ingredient to expand the architectural scope, but let’s start with how Bostic's rate cuts stir economic hope…

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ATL Federal Reserve Chief Raphael Bostic Wants A Series Of Rate Cuts

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Atlanta Fed President Raphael Bostic expects the central bank's first interest-rate cut will be the first in a series of moves. Out of the 12 Federal Regional banks, Bostic is one of two Black people on the Federal Reserve’s policy setting committee with a direct say on U.S. monetary policy. Inflation as measured by the Fed’s preferred gauge was 2.7% in April over the previous 12 months, as consumer spending slows fueling his economic train of thought.

Architecture Needs Pop Culture To Increase Diversity

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The field of architecture is a fascinating intersection of creativity, culture, and community. It's a realm where structures are not just bricks and mortar but a reflection of the societies they thrive in. Black people comprise only 1.8% of the National Council of Architectural Registration Boards Certificate population, with Black women holding only 0.4% of all records, according to the NCARB 2023 By The Numbers report. 

Weight Loss Drugs Are On The Come Up In A $44 Billion Market

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Obesity stands as a significant public health issue in the United States, disproportionately affecting racial and ethnic minority communities. Approximately 71 million adults in the U.S., or one-third of the total adult population, were classified as obese. Particularly, the Black community bears the brunt of this health crisis as 49% of adults in this demographic qualify as obese. Over time, pharmaceutical companies have developed anti-obesity drugs, offering a glimmer of hope in a market that’s expected to reach $44 billion by 2030.

How To Economically Rebuild The Caribbean After A Hurricane

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According to a CARICOM analysis of a 2016 IADB report, six Caribbean countries would require an investment of $1.8 billion to replace inadequate housing due to impoverished building methods that leave devastating results after a natural disaster. Hurricane Beryl has had a devastating impact on Carriacou, Petite Martinique, and other Caribbean islands which has prompted many to think about what the future holds regarding tangible spaces for communities within the African Diaspora.

Google Cleans House By Erasing Browsing Record History

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Google (GOOG -0.77%) is finally settling a four-year old class action lawsuit. The tech giant was accused of improperly tracking the web-browsing habits of users who believed their activities were private in Incognito Mode. This private browsing option is designed to provide a cloak of anonymity, shielding users' digital footprints from prying eyes. However, the plaintiffs alleged that Google's actions betrayed this fundamental promise, intentionally deceiving millions of individuals who believed their online escapades remained concealed.

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