normbond

Owning the Asset Is Not the Same as Controlling the System

Ownership matters. But owning the asset is not the same as controlling the system around it. Black economic power depends…

1 month ago

HUD Is Investigating Wells Fargo’s Black Homeownership Programs. The Stakes Go Beyond One Bank.

Federal housing officials are examining whether Wells Fargo’s race-conscious mortgage initiatives violated fair-housing law. The larger economic question is what…

1 month ago

How Warren Thompson Turned Corporate Contracts Into a Black-Owned Hospitality Empire

Before Thompson Hospitality became a nearly billion-dollar business, Warren Thompson walked away from financing that would have cost him 85%…

1 month ago

Beyoncé Funded Cécred Herself. Now the Real Test Is Global Distribution.

Beyoncé financed Cécred herself rather than build around an outside investor’s agenda. As the haircare company enters the UK through…

1 month ago

Africa Doesn’t Own Most of the World’s AI. It Still Controls Something AI Companies Need: Access.

Africa is developing a shared approach to AI regulation. Beyond safety and privacy, the rules could shape who owns the…

1 month ago

Michael Jordan Gave Morehouse $1 Million. Now It Has a Media Production Center.

The new Morehouse Multimedia Center gives students professional production tools and the college a foundation for building media capacity, developing…

2 months ago

Nigeria’s Ima Gas Field Sat Underground for 53 Years. A Nigerian Company Will Own 60% When It Finally Produces.

An offshore gas field discovered in 1973 is finally moving toward production. With a Nigerian company holding majority ownership and…

2 months ago

Royal Caribbean Is Paying $3 Billion for Half of Sandals. The Bigger Story Is Who Owns Caribbean Tourism.

A Caribbean-built hospitality empire is entering a $3 billion partnership with a global cruise giant. The Stewart family retains half…

2 months ago

Nearly $300 Million for Community Lenders Could Disappear September 30. What Happens to the Credit Behind It?

A federal lawsuit seeks to protect funding for lenders serving underserved communities. The stakes extend beyond federal grants to small-business…

2 months ago

The Florida College Sports Fight Is Really About Media Money and Control

A dispute over conference realignment is holding up a sweeping federal college sports bill. Underneath the politics is a much…

2 months ago

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