Fantastic morning.
JPMorgan Chase is creating a significant –see $30 million within five years–devotion to offer economic opportunity to underserved communities, particularly Black and Black Latinx communities. To be particular, that comprises:
- $8 billion dollars to create an extra 40,000 mortgage loans {} and Latinx families;
- $4 billion dollars to assist 20,000 Black and Latinx families refinance and reduce their mortgage obligations;
- $14 billion in fresh equity and debt investments to include 100,000 cheap rental units in suburban communities;
- $2 billion dollars in loans to 15,000 small companies in bulk Black and Latinx communities.
All this, naturally, is company for the huge lender, not charity. But that’s the purpose of stakeholder capitalism, that JPMorgan CEO Jamie Dimon helped progress a year as part of the Business Roundtable. Says Dimon:
We could do more and perform better to split down systems which have propagated racism and prevalent financial inequality, particularly for Black and Black Latinx folks. It is long past time that society covers racial inequities at a more concrete, meaningful manner.”
More information below. And have a look at the job my former coworkers in the Pew Research Center have completed surveying 14 states and demonstrating that international discontent with China has reached historical highs. That is partially because of its perceived bad reaction to the pandemic. Just the U.S. obtained more unfavorable tests.
Alan Murray
@alansmurray
[email protected]
