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Beware "woke-washing"

Bloomberg Equality
Bloomberg

A new U.S. ban on evictions hopes to delay disaster for landlords and renters, not prevent it. The government announced this week that it will use quarantine powers to freeze evictions of renters who earn up to $99,000 a year, or $198,000 for couples. Before that measure, 30 million to 40 million Americans were at risk of losing their homes in coming months because they can't pay rent. Evictions disproportionately affect Black and Latinx renters and households with children.

The protections go into effect on Friday. Tenants are still on the hook for past, current and future rent payments, and landlords are permitted to add penalties with each month that goes unpaid. Not that any of that helps landlords now, while the money isn't coming in. "Both renters and property owners will slide down the socioeconomic scale together," said Emily Benfer, a visiting law professor at Columbia University. About half of the 43 million rental units in the country are owned by small businesses, not Wall Street investors. They could be forced to stop paying employees, taxes and mortgages. —Philip Gray

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The electoral landscape has shifted since Donald Trump claimed the White House four years ago, Bloomberg Businessweek reports. White voters in the Rust Belt are disillusioned by unfulfilled promises of a jobs recovery, while increasingly non-White suburbs are alienated by the Republican Party's swing toward Trumpism.

Big U.S. companies like Wells Fargo and Delta are dabbling with racial quotas to add Black workers.

Socially conscious investors aren't having much luck getting companies to share their diversity statistics. 

Athletes and U.S. sports leagues have decided that standing for racial justice is good for business.

The U.S. military policy banning HIV-positive service members from being commissioned as officers has "no rational basis," according to a federal judge. 

Black-owned bookstores have had huge demand since Black Lives Matter protests began in May.

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Joblessness seems to have plateaued since the spring spike, but the pain isn't over. Just on Wednesday, United Airlines and Ford announced layoffs, adding to hundreds of thousands of job cuts from major companies in recent weeks.

Tokenism on screen 

John Boyega

Photographer: Jesse Grant/Getty Images

British-Nigerian actor John Boyega, who played stormtrooper Finn in Star Wars, said in a recent interview that because he is Black, his character was both underdeveloped and overpromoted. For Disney, creator of the Star Wars films as well as Marvel features like "Black Panther," it's a stark accusation of woke-washing, the practice of a company trying to align itself with social justice movements without actually contributing or taking any risk. "What I would say to Disney is do not bring out a Black character, market them to be much more important in the franchise than they are and then have them pushed to the side," Boyega said. "It's not good."

 

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