Life and health insurance provider Globe Life and its subsidiaries, including American Income Life (AIL), are facing serious allegations of racial discrimination and harassment. A Business Insider investigation revealed evidence of racism from Globe’s Texas headquarters to its agencies nationwide. Racism Among Senior Managers Business Insider obtained screenshots that revealed senior managers at AIL exchanged racist, sexist, and transphobic texts between 2014 and 2019. Domenico Bertini, a former AIL vice president, sent a meme depicting a Black man in a mousetrap baited with Kentucky Fried Chicken. Other texts included the n-word and
Colorado has become the first state in the US to enact comprehensive legislation regulating AI use in critical areas like employment, healthcare, and housing. From February 2026, affected businesses must provide information about their AI use and take “reasonable care” to protect citizens from algorithmic discrimination. “Laws that seek to prevent discrimination generally focus on prohibiting intentional discriminatory conduct,” said Governor Jared Polis, who signed Senate Bill 24-205 (SB205) on May 17, 2024. “Notably, this bill deviates from that practice by regulating the results of AI system use, regardless of intent.” Addressing Algorithmic Discrimination SB205
The Senate is considering a bipartisan bill to establish Black Wall Street as a national monument. Senators James Lankford (R-OK) and Cory Booker (D-NJ) introduced Senate Bill 3543 to create the Historic Greenwood District—Black Wall Street National Monument. This initiative aims to honor the legacy of Tulsa’s Historic African American Business District and commemorate the 1921 Tulsa Race Massacre. Honoring Black Wall Street’s Legacy In 1921, white mobs attacked and destroyed Black Wall Street, a thriving Black neighborhood in Tulsa, Oklahoma. Originally, the state recorded 36 deaths, but a 2001 state commission reported that
Brand new Techish! Hosts Abadesi and Michael dive into: Starbucks and Apple are in their flop era Women on Bumble no longer have to make the first move Bank of America employees to strike following death from overwork The decline of the UK Listen on Spotify or Apple podcast also. Watch On YouTube
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against SoLo Funds, an online lending platform, over its lending practices. According to the CFPB, SoLo Funds used deceptive tactics to ensure almost every borrower paid hidden fees despite advertising zero-cost loans. Misleading Tactics and Hidden Fees SoLo Funds markets itself as a consumer-friendly alternative to high-cost, short-term loans. However, the CFPB alleges that SoLo’s practice of requesting borrowers pay “tips” and “donations” hides the actual cost of their loans. The lawsuit alleges that from March 2018 through December 2022, SoLo received
Donna Summer’s estate has reached a settlement with Kanye “Ye” West and Ty Dolla $ign over claims that they unlawfully used Summer’s classic hit “I Feel Love.” According to Rolling Stone, the settlement comes after the estate accused the artists of “blatant theft” in their song “Good (Don’t Die)” from the album Vultures 1. Legal Battle and Settlement The lawsuit, filed in February by Summer’s estate, alleged that West and Ty Dolla $ign, whose legal name is Tyrone Griffin Jr., copied significant portions of Summer’s iconic track without permission. The legal complaint detailed
OpenseedVC has reached the first close of its $10 million fund for operator-led startups in Africa and Europe. Founded by former Octopus Ventures and Oxford Seed Fund investor Maria Rotilu, OpenseedVC is a new solo General Partner (GP) that aims to be the first check for startups. OpenSeedVC: Filling a Crucial Funding Gap According to Sifted, Rotilu is Europe’s first Black solo GP and one of the first female solo GPs in the region. Rotilu’s strategy with OpenseedVC is to back startups even earlier than the pre-seed stage, at a
Angeles Ventures, a Latine and woman-led early-stage VC fund, has announced an equity investment from Bank of America. This investment aims to accelerate Angeles Ventures’ mission to find, fund, and grow Latine ventures across the United States. Addressing the Funding Gap for Latine Entrepreneurs Even though Latine Americans make up over 20% of the U.S. population and are the most entrepreneurial group in the country, they receive less than 2% of venture capital funding. Angeles Ventures aims to change this by focusing on tech-enabled B2B and B2C startups at the
El Salvador, the first country to adopt Bitcoin as legal tender, has mined nearly 474 Bitcoins worth approximately $29 million using geothermal energy from the Tecapa volcano, according to Nasdaq. Harnessing Volcanic Power for Bitcoin Mining Since September 2021, El Salvador has been leveraging the geothermal power of the Tecapa volcano to fuel its Bitcoin mining operations. This initiative, a collaboration with prominent mining firms like Foundry USA, Antpool, ViaBTC, F2Pool, and Binance Pool, taps into the 102 megawatts generated by the state-owned geothermal power plant. Of this, 1.5 megawatts are
Latino Business Action Network recently launched a Startup Accelerator program to empower Latinx tech entrepreneurs through mentorship, networking and educational resources. Latinos are the most prolific creators of new companies in the U.S., with over 5 million Latino-owned businesses currently operating, according to a recent Latino Business Action Network (LBAN) report. Despite this impressive number, Latino entrepreneurs face significant barriers to accessing venture capital. Aimed At Tech Entrepreneurs The accelerator program, supported by JPMorgan Chase, will focus on 40 Latino majority-owned, venture-backed tech companies specializing in fields such as AI, Agtech, health tech, fintech, and biotech.
