2018 BET Experience STAPLES Center Concert Sponsored by SPRITE - Night 3
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Nipsey Hussle Was Reportedly Working On An Investment Fund Called 'Our Opportunity'

As we know, Nipsey Hussle was working tirelessly up until his untimely death to make things better for black neighborhoods in his city. The Los Angeles Times reports that before he was killed on Mar. 31, the Victory Lap rapper was working to bring economic developments to several areas.

The report states that Hussle was part of an investment group that was working to revive not only L.A., but other low-income communities in 11 cities, Washington D.C. and Puerto Rico.

"Together with his business partner, real estate developer David Gross, Hussle had been scheduled to meet with Sen. Tim Scott, a Republican from South Carolina, to discuss rolling out an investment fund they had created called 'Our Opportunity,'" the L.A. Times reports. "'Its mission is to work with the hometown heroes “of every large, majority black city to, in a systematic way, acquire and develop transformative projects,' said Gross, who grew up in South L.A."

Gross said that the plan was basically the "economic version" of the Black Lives Matter movement.

"[Hussle] really had to scratch and scrape to get into a position of acknowledgement,” California Deputy Treasurer Jovan Agee said of Nip's efforts. “What he did is a blue-collared approach to economic development and self-wealth building that others can replicate.”

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Candace Owens Says White Nationalism Doesn't Affect Black Americans And Minorities

Candace Owens has raised eyebrows again, this time for alleging that white supremacy isn't an issue affecting black Americans.

The 30-year-old conservative commentator spoke to members of the House Oversight Joint Subcommittee hearing this weekend and said that of the 100 issues affecting the black community in the country, white nationalism isn't one of them.

"Based on the hierarchy of what’s impacting minority Americans, if I had to make a list of 100 things, white nationalism would not make the list," Owens said Friday.“White supremacy and white nationalism is not a problem that is harming Black America."

Owens butted heads with assistant University of Chicago professor Dr. Kathleen Belew who was brought on by the Democrats to speak to the growing crimes committed by white nationalists against black citizens.

“To me, this feels a lot like your reaction to being named in one of these manifestos," Belew told Owens. "Now, you’re of course not responsible for the words of someone writing that document, but I do think laughing at it is a real problem.”

Owens vehemently refuted Below's allegation.

"The audacity of you to bring up the Christchurch shooting manifesto and make it seem as if I laughed at people that were slaughtered by a homicidal maniac is in my opinion absolutely despicable," she said speaking in regards to her name being mentioned in a shooter's anti-Muslim manifesto and the criticism that followed when she tweeted "LOL."

 

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Billionaire Robert F. Smith Will Also Cover Parents’ Loans In Morehouse College-Debt Plan

In May 2019, Morehouse College’s graduating class of 2019 not only received the gift of their degrees, but also a unique opportunity to enter society debt-free. During his commencement speech, billionaire and owner of private equity firm Vista Equity Partners, Robert F. Smith announced his pledge to cover each student’s loans, and now their parents will be able to get in on the life-changing gesture.

According to Bloomberg, Smith will pay off the federal loans taken by the students’ parents, adding to a $34 million tab. Private student loans gifted by the college, and federal and state loans will be covered under Smith’s plan.

Morehouse's president, David Thomas, said this action will hopefully inspire the recipients to follow in Smith's footsteps. “It is our hope that our graduates will use their newfound financial freedom to pursue their career goals, to lead and serve the community, and to remember the spirit of the gift given to them by paying it forward to support the education of future classes of Morehouse Men.” The HBCU aims for the plan of action to be completed by 2020.

For Smith, with a reported net worth of $6 billion, his vision through this program aims to inspire other colleges and universities to take a charge against this country's student debt crisis and “to receive gifts from alumni and other supporters that can offset the burden of student loans and give students the freedom to pursue their dreams, the capital to invest in the economic growth of their families and the time that they can give back meaningfully to strengthening their communities.”

According to Forbes, U.S. federal student loan debt has totaled over $1.5 trillion.

Wow! Billionaire Robert F. Smith surprises Morehouse graduates by announcing his family will eliminate the student debt of the entire class of 2019 with a grant. #PayItForward #HBCU pic.twitter.com/lbZmttSsB6

— Tomthunkit™ (@TomthunkitsMind) June 10, 2019

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DMX Reportedly Signs New Deal With Def Jam

DMX has signed a new deal with Def Jam Records, bringing him back to the label that distributed his early albums and classic singles. According to AllHip-Hop, X re-linked with the record label over the summer and is set to drop a Christmas album, DMX-Mas, either later this year, or in 2020.

X dropped his quadruple platinum debut album, It’s Dark And Hell is Hot, via Def Jam/Ruff Ryders Records in 1998. He went on to release four more album under the label including, his triple platinum sophomore LP, Flesh of My Flesh, Blood of My Blood, followed by ..And Then There Was X, the latter of which became his most successful studio album selling five million copies in the U.S. alone.

X, whose birth name is Earl Simmons, is one of hip-hop’s best-selling artist with just over 17 million records sold, but like many other recording artist, the beloved MC hit more than a few bumps over the years. The 48-year-old Yonkers native has endured money struggles and a very public battle with sobriety that played a part in his returns trips to jail. He was most recently released from custody this past January, after serving a year in prison for tax evasion.

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