#NNPA BlackPress
COMMENTARY: Billions for Boeing, Pennies for the People
NNPA NEWSWIRE — Republicans even conceded that Mr. Trump, his grafter family, other cabinet heads and senior leaders, along with their families, cannot benefit from this stimulus legislation. It is unfathomable that this provision has to be put in writing, but 45, a hotel owner, pushed hard for hotels and cruise ships to get bailout benefits, but some in Congress have apparently peeped 45’s hole card.
By Julianne Malveaux, NNPA Newswire Contributor
The development of the $2.2 trillion stimulus package was extremely flawed. The Republican bullies in the Senate, led by Majority Leader Mitch McConnell, wrote the bill with absolutely no Democratic input, then suggested that Democrats amend their legislation.
The first draft of the bill, unsurprisingly, was a goody grab for corporations with much less for individuals. Initially, the Republican Senate would have given Treasury Secretary Steve Mnuchin a slush fund of $500 billion to assist troubled industries with absolutely no oversight.
The last version of the bill does include both monitoring and an inspector general to look for fraud and abuse. Republicans would have doled the money out to their cronies. But the Dems, led by House Speaker Nancy Pelosi, stood their ground. The stimulus legislation is better than the 2008-2009 bailout legislation; it is gratifying to see that the Senate rose above partisanship to get this done.
Republicans even conceded that Mr. Trump, his grafter family, other cabinet heads and senior leaders, along with their families, cannot benefit from this stimulus legislation. It is unfathomable that this provision has to be put in writing, but 45, a hotel owner, pushed hard for hotels and cruise ships to get bailout benefits, but some in Congress have apparently peeped 45’s hole card.
It takes extreme hubris for our nation’s chief executive officer, who has used the United States Treasury as a piggy bank, to be as self-serving as 45 is. Good for Democrats for recognizing the pattern of double-dealings makes it clear that written prohibition of these shady practices is necessary.
Michigan Congressman Justin Amash, an independent who used to be Republican, tweeted, “This bipartisan deal is a raw deal for the people. It does far too little for those who need the most help while providing hundreds of billions in corporate welfare, massively growing government, inhibiting economic adaptation, and widening the gap between the rich and the poor.” The legislation is likely to be hundreds, if not thousands, of pages long. And it’s got lots of fine print.
For example, $17 billion in loan funds are set aside for “businesses deemed critical to maintaining national security. While Boeing isn’t mentioned by name, the Washington Post quoted a confidential source who says this money is partly set aside for Boeing.
This is the same Boeing that manufactured faulty, crashing planes. And they’ve imperiously said they will take assistance only on their terms. Some think the federal government should take an equity stake in companies that get bailout funds. Boeing’s CEO said he wasn’t interested in such a deal. If the feds wanted to play hardball, they’d force Boeing into bankruptcy, since bankruptcy doesn’t mean the cessation of operations, it means the restructuring of debt.
Meanwhile, there’s no helpful fine print for ordinary people. Sure, people will get $1200 checks, plus $500 per child. That’s better than nothing, but compared to Boeing’s billions, it’s pennies. The ability to get unemployment insurance for extra weeks will also be helpful for those who lose their jobs.
More food stamp funds will be available. But there is some confusion over whether gig workers will get the benefit. Instead, it seems that those who have good jobs will get great benefits, while those who have part-time jobs, gig jobs, or are unemployed won’t get much. As Congressman Amash says, this stimulus package will widen the wealth gap.
Inequality is at the very foundation of our economic system, so it isn’t surprising that the coronavirus stimulus package reflects the biases that are hard-wired into our system.
We need committed, vocal, progressive members of Congress (Maxine Waters, Barbara Lee, Ayana Pressley, Bobby Scott, AOC, and others) to shine a bright light on this inequality, and to either modify the legislation or develop legislation to address some of these inequalities.
On March 23, Congresswoman Nita Lowey (D-NY) introduced HR 6379, the Take Responsibility for Workers and Families Act, that provides protections for workers and families mostly because the stimulus package does not. And there is a rush to pass the stimulus quickly as more and more people are out of work.
Stimulate the economy if you will, but don’t ignore the people on the bottom. If we are injecting $2.2 trillion into our lagging economy, make sure that some of it trickles down the poor.
Dr. Julianne Malveaux is an economist, author, media contributor and educator. Her latest project MALVEAUX! On UDCTV is available on youtube.com. For booking, wholesale inquiries or for more info visit www.juliannemalveaux.com
#NNPA BlackPress
Chavis and Bryant Lead Charge as Target Boycott Grows
BLACKPRESSUSA NEWSWIRE — Surrounded by civil rights leaders, economists, educators, and activists, Bryant declared the Black community’s power to hold corporations accountable for broken promises.

By Stacy M. Brown
BlackPressUSA.com Senior National Correspondent
Calling for continued economic action and community solidarity, Dr. Jamal H. Bryant launched the second phase of the national boycott against retail giant Target this week at New Birth Missionary Baptist Church in Atlanta. Surrounded by civil rights leaders, economists, educators, and activists, Bryant declared the Black community’s power to hold corporations accountable for broken promises. “They said they were going to invest in Black communities. They said it — not us,” Bryant told the packed sanctuary. “Now they want to break those promises quietly. That ends tonight.” The town hall marked the conclusion of Bryant’s 40-day “Target fast,” initiated on March 3 after Target pulled back its Diversity, Equity, and Inclusion (DEI) commitments. Among those was a public pledge to spend $2 billion with Black-owned businesses by 2025—a pledge Bryant said was made voluntarily in the wake of George Floyd’s murder in 2020.“No company would dare do to the Jewish or Asian communities what they’ve done to us,” Bryant said. “They think they can get away with it. But not this time.”
The evening featured voices from national movements, including civil rights icon and National Newspaper Publishers Association (NNPA) President & CEO Dr. Benjamin F. Chavis Jr., who reinforced the need for sustained consciousness and collective media engagement. The NNPA is the trade association of the 250 African American newspapers and media companies known as The Black Press of America. “On the front page of all of our papers this week will be the announcement that the boycott continues all over the United States,” said Chavis. “I would hope that everyone would subscribe to a Black newspaper, a Black-owned newspaper, subscribe to an economic development program — because the consciousness that we need has to be constantly fed.” Chavis warned against the bombardment of negativity and urged the community to stay engaged beyond single events. “You can come to an event and get that consciousness and then lose it tomorrow,” he said. “We’re bombarded with all of the disgust and hopelessness. But I believe that starting tonight, going forward, we should be more conscious about how we help one another.”
He added, “We can attain and gain a lot more ground even during this period if we turn to each other rather than turning on each other.” Other speakers included Tamika Mallory, Dr. David Johns, Dr. Rashad Richey, educator Dr. Karri Bryant, and U.S. Black Chambers President Ron Busby. Each speaker echoed Bryant’s demand that economic protests be paired with reinvestment in Black businesses and communities. “We are the moral consciousness of this country,” Bryant said. “When we move, the whole nation moves.” Sixteen-year-old William Moore Jr., the youngest attendee, captured the crowd with a challenge to reach younger generations through social media and direct engagement. “If we want to grow this movement, we have to push this narrative in a way that connects,” he said.
Dr. Johns stressed reclaiming cultural identity and resisting systems designed to keep communities uninformed and divided. “We don’t need validation from corporations. We need to teach our children who they are and support each other with love,” he said. Busby directed attendees to platforms like ByBlack.us, a digital directory of over 150,000 Black-owned businesses, encouraging them to shift their dollars from corporations like Target to Black enterprises. Bryant closed by urging the audience to register at targetfast.org, which will soon be renamed to reflect the expanding boycott movement. “They played on our sympathies in 2020. But now we know better,” Bryant said. “And now, we move.”
#NNPA BlackPress
The Department of Education is Collecting Delinquent Student Loan Debt
BLACKPRESSUSA NEWSWIRE — the Department of Education will withhold money from tax refunds and Social Security benefits, garnish federal employee wages, and withhold federal pensions from people who have defaulted on their student loan debt.

By April Ryan
Trump Targets Wages for Forgiven Student Debt
The Department of Education, which the Trump administration is working to abolish, will now serve as the collection agency for delinquent student loan debt for 5.3 million people who the administration says are delinquent and owe at least a year’s worth of student loan payments. “It is a liability to taxpayers,” says White House Press Secretary Karoline Leavitt at Tuesday’s White House Press briefing. She also emphasized the student loan federal government portfolio is “worth nearly $1.6 trillion.” The Trump administration says borrowers must repay their loans, and those in “default will face involuntary collections.” Next month, the Department of Education will withhold money from tax refunds and Social Security benefits, garnish federal employee wages, and withhold federal pensions from people who have defaulted on their student loan debt. Leavitt says “we can not “kick the can down the road” any longer.”
Much of this delinquent debt is said to have resulted from the grace period the Biden administration gave for student loan repayment. The grace period initially was set for 12 months but extended into three years, ending September 30, 2024. The Trump administration will begin collecting the delinquent payments starting May 5. Dr. Walter M. Kimbrough, president of Talladega College, told Black Press USA, “We can have that conversation about people paying their loans as long as we talk about the broader income inequality. Put everything on the table, put it on the table, and we can have a conversation.” Kimbrough asserts, “The big picture is that Black people have a fraction of wealth of white so you’re… already starting with a gap and then when you look at higher education, for example, no one talks about Black G.I.’s that didn’t get the G.I. Bill. A lot of people go to school and build wealth for their family…Black people have a fraction of wealth, so you already start with a wide gap.”
According to the Education Data Initiative, https://educationdata.org/average-time-to-repay-student-loans It takes the average borrower 20 years to pay their student loan debt. It also highlights how some professional graduates take over 45 years to repay student loans. A high-profile example of the timeline of student loan repayment is the former president and former First Lady Barack and Michelle Obama, who paid off their student loans by 2005 while in their 40s. On a related note, then-president Joe Biden spent much time haggling with progressives and Democratic leaders like Senators Elizabeth Warren and Chuck Schumer on Capitol Hill about whether and how student loan forgiveness would even happen.
#NNPA BlackPress
VIDEO: The Rev. Dr. Benjamin F. Chavis, Jr. at United Nations Permanent Forum on People of African Descent
https://youtu.be/Uy_BMKVtRVQ Excellencies: With all protocol noted and respected, I am speaking today on behalf of the Black Press of America and on behalf of the Press of People of African Descent throughout the world. I thank the Proctor Conference that helped to ensure our presence here at the Fourth Session of the […]

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