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News November 2015


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How To Invest and Become A Marijuana Boss, Legally

Posted On: November 10, 2015

Business analyst are very confident that Nick Lachey (remember him, Jessica Simpson's ex-boo, yeah him) is set to bank a few billions in marijuana sales. The dude is a "legal" drug kingpin who owns a 29-acre weed farm in Akron, Ohio and once he hits the market with the production and distribution of his own brand of marijuana, Lachey is set to bank a billion dollars every year.

The other side of it was, Ohio decided not to legalise marijuana but Nick Lachey is not giving up and still remains in Ohio with his marijuana farm, tweeting:

"While I may not agree, the people of Ohio have spoken and that’s the way it’s supposed to work. Change takes time."

Although Ohio did not legalise marijuana, at least not yet, guess who is pushing for marijuana legalization across the nation?! Mostly business men who want to invest, Wall Street brokers, equity bankers, and etc. who know how much billions and even trillions to be made; not just in business and sales of marijuana but in stocks! The irony of many African-American men going to jail and even prison over selling marijuana and now, they are pushing for it to become legal, because of the potential in making billions and trillions of dollars in US markets.

Things that make you go hmmm...

According to Viridian Capital & Research, investing in marijuana stock will become the perfect place to raise capital for any businesses. This would also include its branding, sales, farms, distribution, marketing; and as well as advertising. Marijuana already has its own spot in stocks according to Viridian Capital & Research, the cannabis sector (yes, it already has its own sector) stocks are high flying, posting gains of over 17 percent in the second quarter. This is what's going on behind the scenes right now, with the knowledge that the legalization of marijuana will expand state to state. 

As with all investment in stocks, there are some precautions to take. Scott Grieper,  president and founding partner of Viridian Capital & Research offers reasonalbe advice:

“When it comes to investing in marijuana companies, many of the same rules should be applied to investment decisions about any company.”

In an interview with Black Enterprise, Scott Grieper noted before buying into any marijuana stock, it is wise to research on their management and the productivity of their business.

"Great management is still the key to success in the business world. You can have a great idea, but without proper leadership things are going to fall flat. In the marijuana business, you may find people who know how to grow some plants, but they don’t know anything about marketing, sales, government regulations, and the like."

Grieper also expressed, to examine their products as far as sales, how it is promoted and marketed to their consumers; and if it's the best product on the market.

Scott Grieper stated the marijuana business and stock investment are new to the US, but it has been a global business for years.


Twitter's Engineer Resigns Due To Lack Of Diversity and Leadership Positions For African-Americans

Posted On: November 10, 2015

Why Twitter, why? Makes me want to go on a Twitter strike, no tweeting for 24 hours! Tsk, Tsk, Twitter.

Lets get into it.

You would think with hashtags like #BlackTwitter, #BlackLivesMatter and having a range of diverse users, Twitter in itself, the business aspect of it would be diverse.

Well, it looks like that little blue bird has been up to no good.

Apparently, Twitter must of missed the memo in equality and the importance of diversity in corporate America. Twitter lacks in African-Americans when it comes to leadership positions, the issue was so severe that one of their African-American Engineer Manager, Leslie Miley had to resign due to: Twitter's lack of diversity in promotions progress for African-Americans.

Referencing an article in Tech Crunch as quoted:

"The reason for his departure has “everything to do with the way Twitter is addressing diversity and inclusion.” Miley passed on his severance package when it became clear that his acceptance would require his silence on certain matters. He now has the freedom to speak out about his experiences at the company."

In an interview with Tech Crunch, Leslie Miley stated the African-American employees were treated like outcast and were excluded from leadership positions. Miley reflected on having a conversation with Twitter’s Senior Vice President of Engineering, Alex Roetter about diversity and quoting Roetter in saying: “Diversity is important, but we won’t lower the bar.”

Miley was concerned and frustrated with Twitter as a company which had a lot to offer, but yet saw diversity as a problem rather than a solution, in making corporate America free of stereotype, ignorance and racism. Also, in utilizing diversity as a way to expand the company.

"Twitter’s workforce consists of 1% African-Americans and 3% Hispanics in the U.S., and 13% women worldwide.” expressed Leslie Miley. 

While being interviewed, Miley elbaborated about bringing some of his ideas to the table at Twitter and basically being shunned. He still believes in Twitter and resigned with a severance package included with a gag order, which prevents him on speaking about the terms of his resignation. But now, Leslie Miley has the freedom to speak out about his ordeal and experience working at Twitter, the lack of diversity in their corporation, his effort to raise awareness about it; and affect change.


Target To Close 13 Stores In January

Posted On: November 09, 2015

Target announced it would be closing thriteen of its stores in Janaury of 2016. The closure comes admist low performances and customer satisfaction in some of those stores.

In an article published by CBS News, a spokersperson for Target confirmed the decision to close those stores was not an easy one.

“The decision to close a Target store is not made lightly,” the spokesperson stated in an emailed statement to CBS News.

“We typically decide to close a store after careful consideration of the long-term financial performance of a particular location.”

Target will offer the employees of the stores they are closing the option to transfer to other stores in their communities, its unknown if any severance packages will be offered or if employees will relocate.

Below are the thirteen stores which will be closing.

• Austin North East in Austin, TX
• Suncoast Pasco County in Odessa, FL
• Casa Grande, AZ
• Victorville, CA
• East Flint in Flint, MI
• Columbus Southwest in Columbus, OH
• Springfield, OH
• Northridge in Milwaukee, WI
• Superior, WI
• New Ulm, MN
• Ottumwa, IA
• Anderson, IN
• Dixie Highway in Louisville, KY


U.S. Supreme Court To Review Racial Prejudice In Jury Selection Case

Posted On: November 09, 2015

The U.S Supreme Court has launched an investigation to review some trials that were bias in juror selections. Civil Rights Activist raised their eyebrows when an African-American teenager was senteneced to death for a non-violent crime, by an all Caucasian (White) jury in Georgia. The case was controversial enough to be questioned and looked into to see if there were any foul racial motives and discrimination.

Referencing an article from the Guardian, the investigation was triggered by an appeal made by Timothy Foster's lawyer to have his case reviewed. It was discovered in Foster's case, African-American jurors were waived and excluded from being a part of the jury who sentenced him. Although the case was back in 1987, juror selection notes surfaced which revealed racial discrimination and how the judicial system in Georgia selected an all White jury instead, of following the proper protocols.

“This is a pervasive problem,” the NAACP Legal Defense and Educational Fund’s litigation director, Christina Swarns, expressed toThe Guardian. “It hasn’t gone away. This is not a problem that is limited to the Deep South.”

In the jury selection notes, some Black jurors were denied to participate in the case because of age, religion preferences, and other discrimnatory reasons.

Quoted from the Guardian:

"If the Supreme Court decides that the reasons for dismissing black jurors were not justified or credible, the case could have a huge impact on the U.S. judicial system, including a legal procedure referred to as the “Batson test,” which requires prosecutors to show nonracial reasons for eliminating a juror if a racial pattern can be found in the pre-emptory strikes."

Timothy Foster's lawyer, Stephen Bright was interviewed by the Guardian and in his statement, he basically in others words expressed the need for more diversity in lawyers, especially prosecutors.

“The criminal-justice system is the part of society least affected by the civil rights movement: Ninety-five percent of the prosecutors in this country are white,” Stephen Bright, Foster’s lawyer, told The Guardian. “When I go ’round the South [a lot has changed] in terms of who is on the school board, who is on the legislature … [but] I go to the courthouse, it’s just like 1940.”

The investigation is still pending, though it's unsure if the judges and prosecutors who participated in the 1987 case will face any charges, however the Supreme Court is not ruling it out.