Black Publisher Receives Prestigious Award Amidst Concerns Over Wealth Inequality

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Black Publisher Receives Prestigious Award Amidst Concerns Over Wealth Inequality
BLACK PUBLISHERAWARDWEALTH INEQUALITY
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A Black woman publisher receives a historic award, marking the first time it has been given to a Black woman in its 125-year history. While celebrating this achievement, the news also highlights the widening wealth gap and the potential implications of the recent election results for marginalized communities.

‘ Publisher and my father, Wilbert “Bill” Tatum, before me. We’ve been reporting the news of the day from a Black perspective since 1909 –, the first time in the 125 years of this award it has been given to a Black woman publisher – We are proud to provide no paywall journalism for the Black community we serve, the largest Black and Brown community in the country.‘ Publisher and my father, Wilbert “Bill” Tatum, before me.

One area where states could focus their efforts is reforming lawsuit lending, also known as third-party litigation funding, where investors, hedge funds, and other financiers fund lawsuits and allow plaintiffs to borrow against a potential settlement or judgement. This may not seem an obvious choice, but make no mistake, the wholly unregulated practice of lawsuit lending and its ripple effects negatively impact Black Americans and make it harder to close the wealth gap.

No regulation means lenders can charge as much interest as they want — and they do, at times requiring borrowers to pay back their loans at a rate of 100% or more. Lenders deny these are, in fact, traditional loans, since they only get their investment back if the borrower wins their case.

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BLACK PUBLISHER AWARD WEALTH INEQUALITY ELECTION RESULTS RACIAL DISCRIMINATION

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