Categories
Entertainment

Tina Ramirez, Founding father of a Main Hispanic Dance Troupe, Dies at 92

Tina Ramirez, who founded Ballet Hispánico in New York on a small budget more than 50 years ago and grew it into the nation’s premier Hispanic dance performance and education troupe, died Tuesday at her home on Manhattan’s Upper West Side. She was 92.

Verdery Roosevelt, longtime executive director of the Ballet Hispánico, announced the death.

Ms. Ramirez, who came to New York from Venezuela as a child, was a dancer herself when, in 1963, she took over the studio of one of her teachers, flamenco dancer Lola Bravo, and turned to teaching. Many of her students came from low-income Latino households, and she saw dance transform them.

“The kids started concentrating better and collaborating better with other people,” she told The Democrat and Chronicle of Rochester, NY in 1981. “You just need to feel better.”

Hoping to reach more students, she arranged some money from the city’s Office of Economic Opportunity and in 1967 started a summer program called Operation High Hopes to introduce children to dance and other arts. The program’s dance performances proved popular, and in 1970, when some of these youth were in their teens, Ms. Ramirez founded Ballet Hispánico with a $20,000 grant from the New York State Council on the Arts.

“I wanted to give Hispanic dancers employment,” she told The Democrat and Chronicle. “I didn’t want them to have to dance in nightclubs. They were serious dancers and deserved the opportunity to be treated as such.”

She also wanted to make the cultural influences she was familiar with accessible to a broader public.

“In the early days, I just wanted Hispanics to have a voice in the dance and for people to get to know us as people,” she told The New York Times in a 2008 article marking her retirement. “Because, you know, you went to a ballet and there was someone squatting in a sombrero, and that’s not us.”

The “ballet” in the troupe’s name sometimes threw off people expecting classical ballet. Mixing styles and influences, her company leaned more towards Latin folk and modern dance.

“Ballet means everything with action and music,” she once said. “That doesn’t mean pointe shoes and tutus.”

In the beginning, the troupe had limited resources and performed wherever they could – in prisons, hospitals and often outdoors, in parks and on the streets.

“Those were the days when the streets were burning,” Ms. Ramirez said. “It was so bad that if you looked the wrong way, you could start a riot. But we toured everywhere.”

The company grew in prestige and reach, eventually touring the country and Europe and South America.

Ms. Ramirez “was very proud of her heritage and her community,” Ms. Roosevelt, the company’s longtime executive director, said via email. “She had a great eye for choreographers who could combine dance forms, music and aesthetics from the Spanish-speaking world with contemporary dance techniques. When she started, there was nothing like it.”

Just as important as the company’s achievements were its educational efforts. It had its own school and also sent its dancers to schools in New York City or wherever it stopped on tour. Joan Finkelstein, former director of dance education for the New York City Department of Education, witnessed the impact of Ms. Ramirez firsthand.

“Tina understood that Ballet Hispánico could not only edify general audiences, but also instill pride and appreciation for Latin dance and cultural heritage, and empower all of our children for future success,” Ms. Finkelstein said via email.

Ernestina Ramirez was born on November 7, 1929 in Caracas, Venezuela. Her father, José Ramirez, was a well-known Mexican bullfighter by the name of Gaonita. Her mother, Gloria, who was from Puerto Rico, was a homemaker and community leader.

Her parents divorced when she was young, and her mother took the family to New York, where she remarried and became known as Gloria Cestero Diaz for her advocacy for the city’s Puerto Rican people.

Beginning in 1947, Ms. Ramirez toured for several years with dancers Federico Rey and Lolita Gomez, whose show was often dubbed the “Rhythms of Spain.” From 1949 to 1951 she lived and studied in Spain.

When she returned to the United States, she began performing with her sister, Coco. In 1954, the pair took the stage at a St. Louis club with comedian Joey Bishop and singer Dorothy Dandridge and performed a flamenco routine. In 1956, a headline in the Louisville, Kentucky Courier Journal of a touring theatrical production proclaimed, “Two Daughters of Famous Matador Will Play Princesses in ‘Kismet,'” and they did so for years.

When that show was playing at the Meadowbrook in Cedar Grove, NJ, in 1960, Carole Cleaver wrote in a review for The Wyckoff News, “Tiny Tina and Coco Ramirez dance themselves to exhaustion as the difficult Ababu princesses and bring the house down.”

Mrs. Ramirez is survived by her sister, Coco Ramirez Morris.

Alongside her studies with Ms. Bravo, Ms. Ramirez studied with classical ballerina Alexandra Danilova and modern dance pioneer Anna Sokolow. She was able to bring these influences to the Ballet Hispánico, which presented new works and interpreted older ones through the lens of Latin American culture. In the beginning it was an identity yet to be formed.

“When I started Ballet Hispánico in 1970, there was no dance company that represented the Hispanic people,” she told the Times in 1984. “Back then, people didn’t know what Hispanic meant — not even Hispanics.

“I’ve been criticized for naming the company Ballet Hispánico,” she continued. “People said I should name it after a country or a city or a place. But I said no because we are 21 nations, all Spanish speaking – and we should all belong.”

Among the myriad of dancers who studied with Ms. Ramirez early in her career was Nelida Tirado, who has enjoyed an acclaimed career as a flamenco dancer.

“Tina Ramirez taught us to be proud and to commit to excellence regardless of our line of work,” Ms. Tirado said via email. “She taught us the importance of preparation, discipline, hard work and living bravely from the mundane to the stage. Because opportunities don’t come easily to us – but if they do, they should be seized.”

Ms. Ramirez’s company has garnered good attention from the start.

“Tina Ramirez’s Ballet Hispánico of New York is a company of 13 dancers from the city’s barrios,” Jennifer Dunning wrote in a 1974 Times review, “and on Saturday night they brought the Clark Center for the Performing Arts their very youthful Vibrant energy and charm.”

Ms. Ramirez was an energetic woman who, after a day working with dancers and taking care of administrative matters, often spent her evenings in the audience of dance shows scouting new choreographic talent.

“It’s very important to me to connect to what’s happening right now,” she told the Times in 1999. “I think that’s why audiences everywhere are so drawn to us. We reflect on what they know about life – the difficulties and the joys.”

Categories
Politics

Choose calls Jan. 6 an ‘rebel,’ bars ‘Cowboys for Trump’ founder

A New Mexico judge Tuesday declared that the Jan. 6 riot in the Capitol was a “riot” because he ruled that Otero County Commissioner and founder of Cowboys for Trump Couy Griffin be removed from office must be because he took part in the attack.

Griffin is barred from holding federal or state office for life — including his current role as district commissioner, from which he will be ousted “effective immediately,” Judge Francis Matthew ruled.

Griffin was “constitutionally disqualified” from those positions as of Jan. 6, 2021, the judge concluded.

That day, a violent mob of supporters of former President Donald Trump stormed the US Capitol, forcing lawmakers to leave their chambers and disrupting the transfer of power to President Joe Biden. Griffin was convicted in March of a misdemeanor for violating the restricted Capitol grounds.

The riot and the planning and incitement that led to it “constituted a ‘rebellion'” under the 14th Amendment, Matthew wrote in the New Mexico 1st Circuit Court decision.

The ruling was the first time a court had found that the Capitol riot met the definition of a riot, according to the government nonprofit watchdog group CREW, which represented the plaintiffs who filed the suit to disqualify Griffin.

“This decision makes clear that all current or former officials who took an oath to defend the US Constitution and then participated in the riot of 6.

Griffin told CNN later Tuesday that he had been ordered to clean up his desk.

“I’m shocked, just shocked,” Griffin told CNN. “I really didn’t feel like the state was going to attack me like that. I don’t know where to go from here.”

According to CREW, Matthew’s ruling is also the first time since 1869 that a court has disqualified an officer under Section 3 of the 14th Amendment.

This section, known as the disqualification clause, prohibits any person from holding any civil or military office at the federal or state level of the United States if they are “participating in an insurrection or rebellion against the same, or offering aid or consolation to the enemies thereof.” have done.”

Griffin did not enter the Capitol itself or commit any violence during the January 6 riots, but he did participate and his actions “supported the riot,” Matthew judged.

“By joining the mob and trespassing on unauthorized Capitol property, Mr. Griffin helped delay the Congressional election certification process,” the judge wrote. Griffin’s presence “helped to overwhelm law enforcement” and he “instigated, encouraged and helped normalize violence” during the riot, Matthew ruled.

In addition, the judge dismissed as “unfounded” the arguments put forward by Griffin, who represented himself in the case.

Griffin’s attempts to “clean up his actions are without merit and are at odds with the evidence presented by the plaintiffs, given that he himself has not presented any evidence in his own defense,” Matthew wrote.

His arguments in court were “not credible and amounted to nothing more than trying to put lipstick on a pig,” added the judge.

Griffin was arrested less than two weeks after the Capitol riot. He was found guilty in March and on June 17 was sentenced to a two-week prison term along with a $3,000 fine and community service.

Griffin, a Republican and vocal Trump supporter, has repeated the former president’s false claims that the 2020 election results were marred by widespread fraud.

He and the other two GOP members who make up the Otero County Commission have refused to confirm recent primary election results, reportedly citing conspiracy theories about Dominion voting machines. The commission ultimately voted 2 to 1 to confirm the primary findings, with Griffin voting no.

In 2019, Griffin founded Cowboys for Trump, a group that hosted pro-Trump horseback riding parades.

Bookbinder called Tuesday’s ruling “a historic victory for accountability for the January 6 insurgency and efforts to disrupt the peaceful transfer of power in the United States.”

“Protecting American democracy means ensuring those who violate their oath to the Constitution are held accountable,” he said.

Categories
World News

OnePlus founder Carl Pei’s Nothing takes on Apple with Ear 1 earbuds

LONDON – The co-founder of the Chinese smartphone manufacturer OnePlus is challenging Apple with a cheaper alternative to the technology giant’s popular wireless earbuds.

Carl Pei helped develop OnePlus with his ex-colleague Pete Lau in 2013. OnePlus attracted a following by making cheap Android phones with attractive specifications. Pei left the company in October.

Now, Pei is back with a new hardware company called Nothing that aims to create a range of smart devices connected through an app. On Tuesday, the London-based startup unveiled its first product, a line of wireless earbuds called the Ear 1.

The headphones are “really wireless”, ie they are connected to each other without cables. They have active noise cancellation, similar to the AirPods Pro. But at $ 99, they’re a lot cheaper than Apple’s mid-range earbuds, which cost $ 249, as well as Samsung’s $ 200 Galaxy Buds Pro.

“We saw that the real wireless market grew pretty fast this year,” Pei, 31, told CNBC. “It felt like a place where we can make a difference.”

True wireless earbud sales reached 233 million units in 2020 and are projected to exceed 300 million units this year, according to Counterpoint Research.

Pei’s company faces tough competition. Apple made up almost a third of the market last year, while China’s Xiaomi and Samsung were the second and third largest players by market share.

However, Pei believes that most consumer technology today feels “cold” and believes there is ample opportunity for an aspiring player to break into the market.

“There’s a general lack of interest in consumer technology,” Pei said. “Instead, there are a lot of negatives about technology – tech companies are monopolistic, privacy issues and so on – and when you look at products it becomes more iterative and less fun.”

Design quirks

Nothing hopes that a few quirks in Ear 1’s design can help it stand out from the competition. For one, Nothing’s earbuds show the user the magnets attached to the case, which are usually hidden inside most wireless headphones.

The unusual requirement to make the magnets visible resulted in two Nothing factories separating because they were viewed as too small, Pei said.

The housing of the Ear 1 is also transparent and has a recess between the two buds to make it easier to hold.

Another unusual design choice with the Ear 1 is the lack of the letters “L” and “R” to indicate to the user which earbud is on the left and which is on the right. Instead, the right earbud has a red dot while the left one has a white dot.

According to Pei, the color “red” would translate as “correct” for many hardcore audio fans. For example, on RCA audio cables, red usually represents the correct audio channel.

Design quirks aside, nothing says the Ear 1 can play up to 5.7 hours of music on a single charge and up to 34 hours with its case – longer than the AirPods Pro. Each bud weighs 4.7 grams.

It comes with three different microphones, two of which collect ambient noise while the third focuses on the voice. Nothing says it also uses machine learning to block out different types of background noise.

The buds are connected to an app that has four different equalizer settings and three noise-canceling modes, Pei said.

Availability

A limited number of Ear 1 units will be shipping on July 31st, Nothing said, while open sales begin on August 17th. In the UK, the headphones will be available from the luxury Selfridges department store.

Nothing auctioned 100 limited edition engraved versions of the Ear 1 on the StockX marketplace last week, with one unit grossing a staggering $ 1,029.

The exclusive character of the Ear 1’s debut is reminiscent of old OnePlus phone launches, which were often by invitation only.

Nothing has raised over $ 20 million to date from investors like Alphabets GV, iPod inventor Tony Fadell, and YouTube star Casey Neistat. The company plans to raise funds again either late this year or early 2022.

Categories
Health

How CRISPR gene enhancing will deal with illness: Intellia founder Doudna

The gene editing technology CRISPR reached an important milestone last weekend and completed its first systemic drug delivery to the human body.

CRISPR, or clustered, regularly spaced short palindromic repeats, cuts genomes and cuts DNA effectively to treat genetic diseases.

The latest breakthrough, the result of a study between biotech company Regeneron and Boston startup Intellia Therapeutics, treats a rare disease after it has been given as an IV infusion. Previously, other uses of CRISPR technology have been limited to ex vivo therapy, or where cells are removed from the body for genetic manipulation in a laboratory and then returned to the body.

Jennifer Doudna, who was awarded the Nobel Prize in Chemistry in 2020 for her work on CRISPR gene editing and is the co-founder of Intellia, recently told CNBC about the development of the technology from the publication of her early work to clinical studies showing its effectiveness at treating disease in less than 10 years means “one of the fastest rollouts in my opinion of technology from basic, initial science to actual application.”

“This is mainly because the technology comes at a time when there is a huge demand for genome editing and a lot of knowledge about genomes,” said Doudna at the recent CNBC Global Evolve Summit in mid-June.

As for next, Doudna highlighted several challenges and opportunities that CRISPR has on the horizon.

Deploying CRISPR remains a major challenge

As technology continues to advance, the task of getting the processed molecules in the body to the cells in the areas where they are needed remains a challenge.

“This is a particular issue in clinical medicine where the ability to manipulate brain cells, heart cells or muscle cells has incredible potential, but right now we don’t really have the tools to introduce the editors to those cells,” said Doudna. “We have the editors; we just don’t know how to get them where they need to go.”

Sickle cell anemia was an early focus

Much of the success of CRISPR’s previous applications has been in ex vivo therapy, in which extracted cells are manipulated in a laboratory and then returned to a patient.

Sickle cell anemia, which is genetically inherited and affects approximately 100,000 Americans, according to the CDC, was a particularly good target for the technology because blood stem cells “can be harvested, processed, and then returned to patients,” Doudna said.

Genetic eye diseases were also a focus for CRISPR applications, as Doudna said, “It is certainly easier to get into the eye than other parts of the body.”

The delivery of the processed cells to the liver has also proven to be easier so far. “A liver is an organ that naturally accepts molecules in the body,” she said.

Any advance in eradicating the 100+ liver diseases could have a huge impact on the lives of Americans. According to the American Liver Foundation, at least 30 million people, or one in ten Americans, have liver disease.

Next, let’s focus on the brain, heart, muscles

The next step for innovation around CRISPR will be to move these cells to other parts of the body like the brain, heart and muscles, Doudna said.

“There are already some technologies that make some of this possible, for example with different types of viruses or virus-like particles, and I look forward to the innovations that will come in this regard over the next few years,” she said.

Treatment costs are a problem

But as technology improves and scientists become able to fight disease throughout the body, Doudna said that CRISPR technology needs to be cheaper in order for it to have “widespread effects.”

Treating sickle cell anemia with CRISPR therapy costs about $ 2 million per patient, according to Doudna.

“That is clearly not a price point that makes this available to most of the people who can benefit from it,” she said.

While addressing delivery challenges can also help reduce costs, the medical community needs to figure out how “to scale molecule production so that we can cut costs,” said Doudna.

Applying CRISPR to Agriculture

The advancement of CRISPR technology may have an impact on other industries as well, with agriculture being one of the first to benefit.

Rather than addressing genetic problems through breeding, which can take months to years, or through current methods of genetically modifying crops that have seen a boom over the past few decades but that incorporate biological material from other species, CRISPR technology can address the Genes from plants “without touch” manipulate everything else, “said Doudna.

“This opens the door to a lot of things that can be done now to both address the challenges of climate change, manage drought, and introduce properties into the plants that will protect them from pests,” she said.

Categories
Politics

‘We Construct the Wall’ founder, linked to Steve Bannon, faces tax, fraud expenses

Brian Kolfage Jr., Senior Airman in the U.S. Air Force, a triple amputee who lost both his legs and arm on his second deployment to Iraq in 2004, takes part in the Veterans Day parade in the November 11, 2014 5th Avenue in New York (USA).

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Brian Kolfage, who was previously charged with Steve Bannon for his role in an allegedly fraudulent crowdfunding campaign to build a wall along the U.S.-Mexico border, was charged Tuesday on Tuesday on additional charges of fraud and filing a false tax return.

A federal grand jury in Florida accused Kolfage of failing to report hundreds of thousands of dollars in income for his 2019 taxes, on recent indictments.

An indictment and a first appearance for Kolfage are scheduled for May 27 in a courthouse in Pensacola before Judge Elizabeth Timothy, court records show.

Kolfage was charged with wire fraud and money laundering conspiracy in federal court in Manhattan last year along with three employees, including Bannon.

Former President Donald Trump pardoned Bannon and dozens of others on his last night in office. Trump did not apologize to Kolfage.

The allegations all stemmed from “We Build the Wall,” the alleged fundraiser to privately build parts of the border wall that Trump had promised.

The Justice Department claimed that Kolfage, who founded the campaign, and his staff defrauded “hundreds of thousands of donors” by raising millions of dollars “on the false pretext that all of this money would be spent on building” the border wall.

Instead, the defendants planned to pass some of this money on to Kolfage, “which he used to finance his lavish lifestyle,” the Justice Department said.

Harvey Steinberg, a Kolfage attorney, did not immediately respond to CNBC’s request for comment.

Categories
Business

Texas Roadhouse founder Kent Taylor dies at 65 after taking life following put up Covid battle

A man walks past a Texas Roadhouse restaurant in Arvada, Colorado.

Matthew Staver | Bloomberg | Getty Images

Texas Roadhouse’s founder and CEO Kent Taylor died Thursday, the restaurant chain announced on its Facebook page. He was 65 years old.

Taylor died of suicide after battling post-Covid-19 symptoms, including severe tinnitus, the family said in a statement issued by the company. Tinnitus is typically described as ringing in the ear.

“Kent Taylor committed suicide this week following a battle with symptoms after Covid, including severe tinnitus,” the family said. “Kent fought and fought hard like the former course champion he was, but the suffering that had become so much worse over the past few days became unbearable.”

Taylor’s family said Taylor recently committed to funding a clinical trial to help military personnel with tinnitus.

“We will miss you, Kent. Because of you and your dream of Texas Roadhouse, we can say that we (love) our jobs every day,” the company wrote on Friday in a Facebook post.

The Louisville-based restaurant company announced Friday that President Jerry Morgan would be named CEO after Taylor’s death.

“While you never expect the loss of a visionary like Kent, our succession plan, which Kent led, gives us great confidence,” said Greg Moore, lead director of Texas Roadhouse.

Louisville Mayor Greg Fischer tweeted Thursday that the city had “lost a loved and unique citizen.”

“Kent’s kind and generous spirit has been his constant driving force, whether he’s quietly helping a friend or building one of America’s largest companies in @texasroadhouse,” wrote Fisher. “He was a sole proprietorship who embodied the values ​​of never giving up and putting others first.”

If you or someone you know has thoughts of suicide or self-harm, please contact the National Suicide Prevention Lifeline at this link or by calling 1-800-273-TALK. The hotline is open 24 hours a day, 7 days a week.

Categories
Business

Kent Taylor, Texas Roadhouse Founder and C.E.O., Dies at 65

Kent Taylor, the founder and general manager of the Texas Roadhouse restaurant chain, died of suicide Thursday after suffering from symptoms of Covid-19, the company and his family said in a statement. He was 65 years old.

“Kent Taylor committed suicide this week following a battle with symptoms related to post-Covid, including severe tinnitus,” the statement said.

Mr Taylor struggled with the disease, but “the suffering, which has worsened greatly in recent days, has become unbearable,” the statement said. It added that Mr Taylor recently committed to “fund a clinical trial to help members of the military who also have tinnitus,” causing ringing and other noises in the ear.

His body was found in a field on his property near Louisville, Kentucky, Kentucky State Police told the Louisville Courier Journal. Oldham County’s state police and coroner did not immediately respond to requests for comment on Sunday.

Mr. Taylor, who also served as chairman of the company’s board of directors, founded Texas Roadhouse in 1993. He wanted to create an “affordable” Texan style restaurant but was turned down more than 80 times trying to find investors. based on a biography provided by the company.

Ultimately, he raised $ 300,000 from three doctors in Elizabethtown, Kentucky, and designed the first Texas Roadhouse on a cocktail napkin for investors.

The first Texas Roadhouse opened in Clarksville, Indiana in 1993. Three of the chain’s first five restaurants failed, but opened 611 locations in 49 states and 28 international locations in 10 countries.

Mr. Taylor was in the day-to-day running of Texas Roadhouse until his death, the company said. He oversaw menu choices, selected the murals for the restaurants, and personally selected songs for the jukeboxes.

Wayne Kent Taylor was born on September 27, 1955 in Fort Leonard Wood, Missouri, where his father, Powell Taylor, was an Army lieutenant. He grew up in Louisville, where his father worked for General Electric and his mother, Marilyn (miner) Taylor, was a buyer for a local boutique.

Mr. Taylor graduated from the University of North Carolina, where he received a scholarship.

In addition to his parents, his children Michelle, Brittney and Max survive Mr Taylor. and five grandchildren. He was married twice; Both marriages ended in divorce.

Greg Moore, executive director of the company’s board of directors, said in a statement that Mr Taylor left his compensation package during the coronavirus pandemic to support those on the front lines of the company.

Jerry Morgan, President of the Company, will succeed Mr. Taylor as General Manager. Texas Roadhouse will announce its next chairman at a later date, Doster said.

Senator Mitch McConnell, a Kentucky Republican and minority leader, said in a statement that Mr. Taylor “didn’t fit into the shape of a great CEO.”

“Kent built a billion dollar company with creativity, drive and many bold risks,” said McConnell. “When the Texas Roadhouse stretched around the globe, Kent kept his heart and headquarters in Louisville.”

If you are thinking of suicide, call the National Suicide Prevention Lifeline at 1-800-273-8255 (TALK). For a list of additional resources, see SpeakingOfSuicide.com/resources.

Categories
Business

GameStop faucets Chewy founder Ryan Cohen to steer e-commerce shift

A man is on the phone in front of GameStop on 6th Avenue in New York on February 25, 2021.

John Smith | Corbis News | Getty Images

GameStop’s shares rose 11% in premarket trading after the company announced Monday that it had enlisted Chewy co-founder Ryan Cohen to make the move to e-commerce.

Cohen chairs a special committee formed by the GameStop board of directors to support its transformation. Board members Alan Attal, Chewy’s former top operations manager, and Kurt Wolf, Hestia Capital Management’s chief investment officer, are also on the committee.

Cohen invested in GameStop last year to encourage the video game retailer to focus on selling online and move away from physical stores. His commitment to the company helped spark the stock’s wild ride earlier this year. GameStop’s shares are up more than 700% in 2021, giving the company a market value of $ 10.6 billion.

The committee has already appointed a chief technology technology officer, hired two executives to lead customer service and e-commerce fulfillment, and started the search for a new chief financial officer with tech or e-commerce experience. GameStop previously announced that current CFO Jim Bell will step down on March 26th. Citing sources familiar with the matter, Business Insider reported that Bell was marketed by Cohen.

The new committee has also appointed Attal to chair the Nominations and Corporate Governance Committee of the Board of Directors and Wolf to chair the Compensation Committee of the Board of Directors. The special committee’s responsibilities include assessing GameStop’s operational objectives, capital structure and allocation priorities, digital capabilities, organizational footprint and human resources.

Categories
Business

BET founder Robert Johnson on enhancing Black illustration in workforce

Robert Johnson, founder of BET, told CNBC on Monday that he believes that once it doesn’t affect their share price, companies will be more serious about addressing racial inequality within their workforce.

“Companies understand return on capital. They understand return on equity. They understand total return on shareholders,” Johnson told Closing Bell. “Link all of these factors to achieving employment opportunities for Black Americans at all levels. I think then you will see results because companies understand that. They respond to financial factors and market conditions.”

Johnson’s comments follow the release of a new report on the employment of blacks in the US private sector by consulting giant McKinsey & Company. The McKinsey report, based on data from 24 companies, which together have 3.7 million employees, found remarkable differences in the representation of blacks in management positions.

Black Americans make up 12% of the total private sector workforce, but for the companies that participated in the McKinsey report, it was only 7% of executive employees. According to the report, black representation at the senior manager, vice president, and senior VP level drops to 4% to 5%.

“It will take approximately 95 years, as we go now, for black workers to achieve talent parity (or 12 percent representation) at all levels of the private sector,” the report said.

Johnson said, in his opinion, the only way for companies to work seriously to fill the employment gaps, especially in senior positions, is to “hold companies accountable for not making a commitment to address the gaps” .

“I think there are ways to do this,” said Johnson, who founded Black Entertainment Television in 1980. A little over two decades later, in 2001, he became America’s first black billionaire when Viacom acquired BET’s holding company. He now sits on the board of Discovery and is the founder and chairman of RLJ Companies.

Johnson said one way to be accountable in eliminating racial differences in employment is to set it as a target in corporate deeds.

“Shareholders should hold them accountable as soon as they are in their articles of association,” said Johnson, adding that proxy advisory firms like Institutional Shareholder Services and Glass Lewis “could explore the whole concept of no to companies that do not commit this kind of racial parity or basically closing the employment gap. ”

Johnson said companies of all sizes should also commit to something similar to the NFL’s Rooney Rule, which the league expanded last year to add diversity to their coaching ranks.

Teams are now required to interview at least two outside minority candidates for head coaching jobs, up from at least one since its inception in 2003. Also, the rule has been expanded to require teams to interview at least one outside minority candidate for an open coordinator positions; So far there has been no diversity mandate for these roles.

NFL franchises could be fined for not complying with the Rooney Rule, Johnson noted. “I’m not sure we want to punish companies because they can easily pay the fine,” he warned. “I think there should be some kind of moral equivalent that if you don’t, you will be singled out and your inventory will be reported as a failure, causing certain people to become involved in this form of racial justice and equality believe their take investments in other places. ”

Last year, Nasdaq made a proposal to the Securities and Exchange Commission to improve diversity among company boards. The exchange operator’s proposal would require the majority of companies to have at least two different board members: a woman and a person who is LGBTQ or an under-represented minority.

According to the proposal, companies could ultimately be removed from the stock market if they do not publish board data. In December, when the proposal was published, over 75% of the roughly 3,200 companies listed on the Nasdaq failed to meet the requirement, according to the New York Times.

Johnson previously made proposals on how to close the racial wealth gap in the US. In a CNBC interview earlier this month, Johnson stressed the need to nurture black entrepreneurship in America through capital allocation programs.

“Black companies tend to hire black people as a whole, so if you create more black companies, more black jobs will be created,” Johnson said. “More black jobs mean more black people are paying to buy their homes, black people … are saving for retirement, black people are investing. In the end, we’re taking a big step towards closing the huge wealth gap.”

A Citigroup report last year found that racial inequality has cost the US economy $ 16 trillion over the past two decades.

Categories
Business

S. Prestley Blake, a Founding father of Pleasant’s, Dies at 106

Stewart Prestley Blake was born on November 26, 1914 in Jersey City, New Jersey, to Herbert Prestley Blake and Ethel (Stewart) Blake. He grew up in Springfield, where his father worked for the watch manufacturer Standard Electric Time Company. His mother was an automobile enthusiast who encouraged her sons to be fascinated by cars. When he was 16, he bought a Type T Ford using the revenue from a newspaper route. (Another brother, Hollis, died at the age of 2.)

Mr Blake attended Trinity College in Hartford, Connecticut for a year before returning to Springfield to start his ice cream parlor with his brother Curtis.

The Blake brothers closed the shop during World War II to join the war effort. Mr. Blake worked for what is now Westinghouse Electric Corporation, locating elusive electronic equipment and shipping it to wartime manufacturers. (Curtis Blake served in the Army Air Forces in the UK.)

After selling Friendly in the 1970s, Mr Blake toured the world on sailboats and Concorde jets, adding to his collection of vintage cars, culminating in about two dozen Rolls-Royces. One of them, he wrote, appeared in the Liza Minnelli film “Tell Me You Love Me, Junie Moon” (1970), in which he appeared as a chauffeur as a cameo.

Mr. Blake celebrated his 100th birthday in 2014 with the construction of a modernized replica of Monticello, Thomas Jefferson’s Virginia plantation, in Somers, Connecticut. The mansion cost nearly $ 8 million to build and was auctioned for around $ 2.1 million in 2016.

His first two marriages to Della Deming and Setsu Matsukata ended in divorce.

Mr Blake died in a hospital in Stuart where he lived. In addition to his son, his wife Helen survived Blake; a sister, Betsy Melvin; one daughter, Nancy Yanakakis; several stepchildren; 16 grandchildren and stepchildren; and 12 great-grandchildren.

“I started small, worked hard and succeeded beyond my wildest dreams,” said Mr. Blake at the end of his memoir. “I got out of the ice cream shop and sat nicely until I had to get off the couch and get back into the fray. This fight is over. I’m 96 and officially retired. May be.”