CBX Daily 9/27/2024

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CultureBanx Team
September 27, 2024

Today, marijuana reclassification may cause business disparities, but let’s start with how AI healthcare could be detrimental to minorities…

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Checking A.I. Healthcare Pulse In $188 Billion Market

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The healthcare industry continues to incorporate artificial intelligence into many of its platforms, and early indicators reveal the technology outperforms and offers more accurate diagnoses than doctors. Healthcare has always struggled with income and race based inequities rooted in various forms of bias. A.I. seems like a sensible investment for the facilitation of most day-to-day healthcare activities, so should minorities approach the subject matter with apprehension?

How Going Legit Could Tank Stocks For Cannabis Investors

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For years, many countries have dangled the decision on whether to legalize marijuana or not. And while the global marijuana market is steadily growing, now expected to reach $102.24 billion by 2030, the legal landscape remains complicated. The DEA recently moved to reclassify marijuana from a low potential for abuse and potential medicinal use to high potential for abuse and no medicinal use. This reclassification has a ripple effect on how businesses operate in the cannabis market.

How 5.2 Million People Joined The Millionaires Club 

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Millionaire’s are on the rise with 5.2 million people achieving this status last year globally, and nearly half of them residing in the United States. Credit Suisse’s latest annual wealth report found that “this is the largest increase in millionaire numbers recorded for any country in any year this century.” There are about 1.79 million African American millionaires in the country, according to Statista. Just how much has the wealth gap opened up with this new batch of millionaires?

Tune-in Tuesdays!

Nigeria began a Crypto crackdown and a Binance executive was caught in the crossfire. However, six months down the line, his health is declining and he has not been given access to legal counsel. So, where do we draw the line on unconstitutional and unjust disregard for human rights?

A. ‘Fight the Power’ by Public Enemy – Is it time for the people to stand up for the fundamental rights of the people?
B. ‘Chained Up’ by VIXX – Is this the norm? Being trapped in an unjust system, where basic rights are ignored?
C. ‘Change Is Gonna Come’ by Sam Cooke- Although there is pain in adversity, it is the beginning of a revolution and change is coming soon.

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like we're living in the present. ‘Don't worry be happy’ is how you're feeling about Ghana’s inflation situation.

Student Loan Debt Is The Roadblock To Homeownership & Deferred Dreams

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Millennials and Gen Zs are feeling the growing burden of student loan debt, which is blocking their path to major financial goals like buying a home, starting a family, or saving for retirement. According to Forbes Advisor, 45% of borrowers are struggling financially, and 36% are delaying career plans and homeownership as they grapple with the long-lasting effects of debt. This mounting debt has turned student loans into a hidden roadblock, forcing many to defer their dreams of homeownership and long-term stability.

Climate Change's Fury Compounds Black America's Struggle

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The severity of the economic impact that Black folks are experiencing due to climate change cannot be hidden anymore. A report published by the McKinsey Institute for Black Economic Mobility stated that Black Americans are disproportionately exposed to environmental health risks. Black people are roughly 75% more likely to reside in neighborhoods near high-emission or toxic industrial processes. This subjects them to air pollution levels that surpass equitable standards by at least 56%.

Vibes of the Week

AI in healthcare could be a "Song Cry" for minority communities as put by Rich Homie Quan in our CBX Vibes!