BLACK mobile logo

california news

businessclimatecommunityeducationhealthlifestylepoliticssportstechnology

July 1, 2025

business

Target CEO Brian Cornell Meets with CBC Diversity Task Force

Target CEO Brian Cornell met with members of the Congressional Black Caucus diversity task force on Capitol Hill on June 26, including Chairwoman Yvette Clarke, Rep. Steve Horsford, and Rep. Troy Carter. When questioned afterward, Cornell indicated the meeting provided helpful feedback and mentioned ongoing business priorities rather than addressing boycott concerns. The article notes that companies like Target face conflicting pressures regarding diversity policies, particularly as the Trump Administration has actively worked against diversity and inclusion initiatives, including issuing an executive order against DEI programs in January.

Read more

July 1, 2025

politics

‘Free America Weekend’ Ignites 50-State Wave of Protests Against Trump on July 4

The 50501 Movement is organizing "Free America Weekend," a nationwide protest planned for July 4 across all 50 states to oppose President Trump's second-term policies. More than 170 events are scheduled, including rallies at state capitals, block parties, dance protests, and community gatherings, following earlier "No Kings Day" demonstrations. Organizers, including the Women's March, chose Independence Day to highlight perceived threats to democracy, citing Trump's executive orders on immigration, agency dismantling efforts, and the influence of Project 2025. The movement, which gained momentum through social media platforms like Instagram and Reddit, emphasizes nonviolent resistance while some local groups have reported receiving online threats and harassment.

Read more

July 1, 2025

community

Trump’s Tax Plan Delivers Big Wins to the Wealthy, Cuts for the Rest in Major U.S. Cities

The House-passed tax overhaul supported by President Trump, called the "One Big Beautiful Bill," promises wide tax relief but would disproportionately benefit wealthy households according to Penn Wharton analysis. The legislation makes the 2017 Trump tax cuts permanent, increases the SALT deduction cap to $40,000, temporarily eliminates taxes on tips and overtime pay, and boosts the child tax credit by $500 through 2028. To offset the estimated $2.8 trillion cost over a decade, the bill cuts Medicaid and SNAP by more than $1.2 trillion combined, resulting in net losses for many low-income families while high-income households receive significant gains. The Penn Wharton Budget Model concludes that approximately 70% of the bill's value would go to the top 10% of income earners, projecting long-term negative impacts for future generations due to increased federal debt and weakened social support programs.

Read more

July 1, 2025

politics

Trustees Warn of Looming Cuts to Social Security, Medicare as Trust Funds Dwindle

The Social Security and Medicare programs face imminent financial shortfalls, with both trust funds projected to be depleted by 2033, after which recipients would receive reduced benefits. According to the 2025 Trustees Report, the Old-Age and Survivors Insurance Trust Fund will only be able to pay 77% of scheduled benefits after 2033, while Medicare's Hospital Insurance Trust Fund would pay 89% of benefits upon depletion. Contributing factors include the repeal of certain provisions, slower fertility rates, and decreasing labor compensation as a share of GDP. Simultaneously, the Social Security Administration is reducing its workforce by approximately 12%, resulting in service delays, while political debate continues about potential solutions, with Republicans indicating plans to address entitlement spending despite public opposition to cuts.

Read more