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Richard “Dick” Parsons, the former CEO of Time Warner who was declared as one of BLACK ENTERPRISE’s Most Powerful African Americans in Business in 2010, has partnered with Rachel Lam, a former Time Warner Investments head, to create Imagination Capital. The firm will provide seed funding for 20 to 25 digital media, e-sports, and big data startups. Rather than working with outside limited partners, Parson and Lam plan to invest between $250,000 and $500,000 of their own capital into each company.

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The Money Team is back at it and of course, Floyd Mayweather’s newest venture is surrounding, none other than money. Mayweather has expanded his venture deals into the app space and has become the new face of “Wild Poker.” ⠀ ⠀ “As soon as I saw Wild Poker, I knew I wanted to become part of it,” said Mayweather. “I’m constantly asked to put my name on stuff, but Wild Poker is different than any game I’ve ever seen. It’s poker, but it goes to the next level. There’s a whole new level of strategy with the power-ups. It’s a cutting-edge game, this is that next thing, and like everything I put my name on, Wild Poker is the best ever.”⠀ ⠀ Mayweather fans and Wild Poker players can download the game for free from the App Store and Google Play

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Talk about #BlackGirlMagic and the power of hip-hop culture. Cardi B, a popular reality TV star turned mega hit rapper, can add yet another accomplishment to her platinum-selling resume: boosting interest in the iconic shoe brand astronomically, almost overnight. According to a recent Business of Fashion report, Belcalis “Cardi B” Almanzar has created an estimated $4.5 million media value this year for the brand after releasing the radio banger “Bodak Yellow (Money Moves),” and there’s been a massive 217% spike in web searches for Christian Louboutin shoes since summer.

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Beyoncé made $105 million in 2017 making her the world's highest paid woman in music! #forbes #beyonce

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1. Simone Askew of Virginia has been named a Rhodes Scholar. Askew also received another tremendous honor this year: The West Point cadet is the first African American woman to lead the cadet corps as first captain, a coveted role, many news outlets have reported.⠀ ⠀ 2. Camille Borders, a senior at Washington University in St. Louis, is majoring in history as a Mellon-Mays Undergraduate Fellow.⠀ ⠀ 3. Jasmine Brown of New Jersey attends Washington University in St. Louis where she studies biology with a focus on neuroscience.⠀ ⠀ 4. Tania Fabo, who was born in Germany of Cameroonian parents, is a senior at Harvard. She has done cancer research and studies human development and regenerative biology.⠀ ⠀ 5. JaVaughn T. “J.T.” Flowers is a graduate of Yale University where he studied political science, according to the Associated Press.⠀ ⠀ 6. Hazim Hardeman graduated magna cum laude from Temple University where he studied strategic communication. He is the university’s first-ever Rhodes Scholar, according to the Inquirer. Hardeman previously attended the Community College of Philadelphia.⠀ ⠀ 7. Chelsea Jackson, a student at Emory College in Atlanta, is the first African American Emory student to receive the honor, according to AJC.com. She studies political science and African American studies as a double major.⠀ ⠀ 8. Thamara V. Jean, of Brooklyn, New York, studies at the City University of New York, Hunter College. She completed her senior thesis on the Black Lives Matter social justice movement, news media have reported. Jean is a first-generation American born to Haitian parents.⠀ ⠀ 9. Naomi Mburu is a student at the University of Maryland Baltimore County, where Freeman Hrabowski is president. Mburu is a first-generation American whose parents are from Kenya. She studies chemical engineering, according to the Baltimore Sun.⠀ ⠀ 10. Jordan Thomas of New Jersey is a senior at Princeton University’s Woodrow Wilson School of Public and International Affairs. Thomas “is also studying Portuguese language and culture and African American studies,” NJ.com reports.

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Ann-Marie Campbell’s started at The Home Depot over 30 years ago as a cashier. And now she’s the executive vice president of U.S. stores, overseeing the retailer’s 2,000 stores across the country and the bulk of its 400,000 associates.⠀ ⠀ When Campbell started, she had no idea where her career would take her, or even where she wanted it to go.⠀ ⠀ “When you think about being 18 or 19, there’s not really a grand definition—especially in my world—about what I want to be,” she says. “However, I think my career here helped define what I actually enjoy every single day.”⠀ ⠀ She credits The Home Depot for creating an environment that fosters the kind of career growth she has experienced, one where advancement is based on merit and where “you can come in and perform extremely well and independent of your background or anything else, you get the opportunity to be the best you can be.”⠀ ⠀ “When you look at the leaders within our company, we have three U.S. presidents and they all started in the store. We have 90% of our store managers that started on the hourly floor. When you think about a merit system, I’m an example of that, but beyond me, there’s so many others that are true examples of that.”

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The U.S. Department of Education’s College Scorecard tracks the number of students who dropped out with debt for each college and university in the nation. My figures show a total of 3.9 million undergraduates with federal student loan debt dropped out during fiscal years 2015 and 2016 (from mid-2014 through mid-2016). More than 900,000 of these students dropped out of for-profit universities. That’s 23% of all the indebted dropouts, even though only 10% of all undergraduate students attend for-profit schools. Many more indebted dropouts, almost 2.5 million of them, had attended public institutions, such as two-year community colleges and four-year state schools. But the public sector’s share of dropouts exactly matches its share of the student population: 64%. As a whole, private nonprofit colleges seem to be doing a better job, accounting for 13% of the dropouts while educating a quarter of all U.S. undergraduates. However, the size of the debts of dropouts is the largest at private nonprofit colleges, with each person owing almost $10,000 on average.

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Stepping outside after work on a Friday...... #helloweekend!

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The Rev. Jamie Johnson, who directs the Department of Homeland Security’s (DHS) Center for Faith-Based & Neighborhood Partnerships, has reportedly blamed African Americans for turning major U.S. cities into “slums” and called Islam a “threat to American freedoms.”⠀ ⠀ Prior to joining the department in April, Johnson made a string of attacks against the African American and Muslim communities on different radio talk shows from 2008 to 2016, reports CNN’s KFile. He made frequent guest appearances on conservative talks shows and hosted his own weekend program. He also worked for several Republican presidential candidates, including Rick Santorum, Rick Perry, and Donald Trump within his home state of Iowa.⠀ ⠀ According to the report, Johnson accused black Americans of being anti-Semitic, jealous of the Jewish community, and running cities into the ground during a 2008 radio appearance on Accent Radio Network.⠀ ⠀ “I think one of the reasons why is because Jewish people from their coming to America in great waves in the early part of the 1800s immediately rolled up their sleeves and began to work so hard and applied themselves to education and other means of improvement and other means of climbing the, I hate this phrase, but the social ladder if you will,” Johnson said. “And they have done exceptionally well for themselves. For only representing about 1.4% of America’s population, they make up 12% of America’s millionaires. Why? Because they work,” said Johnson.⠀ ⠀ He added, “And it’s an indictment of America’s black community that has turned America’s major cities into slums because of laziness, drug use, and sexual promiscuity." Updated 11/17/2017, 12:43 pm: Johnson has resigned from his position as head of the DHS’s Center for Faith-Based & Neighborhood Partnerships according to a report from The Washington Post.

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The vice president of diversity and inclusion at Apple, Denise Young Smith, is leaving her position at the end of the year, reports CNET. She is headed to Cornell Tech to become its new executive-in-residence, as per a post on Cornell Tech’s website, as of January 2018. While there are few details yet or a comment from Young Smith; the departure follows a recent controversy over remarks she made at a conference earlier this year. During a panel session on racial injustice held in Bogota, Columbia; Young Smith said that she focuses on everyone as Apple’s diversity chief. “Diversity is the human experience. I get a little bit frustrated when diversity or the term diversity is tagged to the people of color, or the women, or the LGBT,” she said on the panel as reported by Quartz. Her next comments are what some took issue with. “There can be 12 white, blue-eyed, blonde men in a room and they’re going to be diverse too because they’re going to bring a different life experience and life perspective to the conversation."

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Malcolm X’s 12 Principles⠀ The collection will honor Malcolm X’s 12 principles.⠀ ⠀ UNITY⠀ The world is dependent upon the ability to unite ideas, skills, organizations, and institutions for a better future.⠀ ⠀ ⠀ HUMAN RIGHTS⠀ Human rights are your God-given rights…rights that are recognized by all nations of this earth⠀ ⠀ SELF-SACRIFICE⠀ The spirit of self-sacrifice is the dignity and glory of humanity, living forever⠀ ⠀ ⠀ SPIRITUALITY⠀ Taking the Spiritual Journey which leads to one’s highest potential and enlightenment⠀ ⠀ SELF-DETERMINATION⠀ Striving for right to direct and control your lives, your history, and your future⠀ ⠀ EDUCATION⠀ Using education as a tool with critical thinking that liberates minds and creates civil society⠀ ⠀ ECONOMIC INDEPENDENCE⠀ Freeing oneself of economic slavery and building strong economics for self and community⠀ ⠀ SELF DEFENSE⠀ Affirming your right and obligation to defend yourself in order to survive⠀ ⠀ ANTI RACISM⠀ Resisting all forms of Racism and Discrimination that dehumanizes human life⠀ ⠀ CULTURAL PRIDE⠀ Having a keen awareness and honor with your Culture and Ethnicity⠀ ⠀ RESTORATION⠀ Restoring broken bonds with your people, heritage, and past⠀ ⠀ JUSTICE⠀ To establish justice throughout the world⠀ ⠀ The new line can be found at www.malcolmxlegacy.com

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It’s hard to imagine, but every day 250 preschoolers are suspended or expelled. That’s according to a recent analysis by the Center for American Progress (CAP), which says that the practice “worsens along racial lines and raises serious questions about discrimination.”⠀ ⠀ According to CAP, studies have shown that predictors of being at risk for expulsion from preschool are being larger than other students, being a boy, or being black. Simply being black puts a preschool child at risk of being suspended or expelled.

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