It's Your Week. Investing in diversity and the future
I'm Sallee Ann and welcome to Your Week, a newsletter exclusively for Paste BN subscribers.
I minored in economics in college. I thought it would be impressive to say every time someone post-grad asked me about my majors and minors (Spoiler for any current college students: no one ever asks).
We go back to business school in this week's edition, exploring how the financial industry can walk the walk with diversity initiatives, starting with peoples' first post-college jobs.
But first, don't miss these stories made possible with a Paste BN subscription
- The world is 'perilously close' to tipping points of irreversible climate change. These are 5 that keep scientists up at night.
- Deaf and LGBT: For kids who are both, consequences can be devastating
- 'You're actually not alone': Bolstered by legacy, Black distillers push for diversity in industry
- Been a while since you traveled? Here's a refresher on those basic economy plane tickets
- Three painful ways in which inflation is ravaging seniors' retirement income
Diversity in the financial industry
As critics call on the financial industry to reflect the nation's diversity, reporter Charisse Jones followed Kenny Haywood, a Black UCLA student, as he seeks a job with banks pledging inclusion and equity.
"Kenny Haywood is a remarkable young man who allowed me to chart his journey to landing his first full-time job in financial services," Jones said.
"The industry plays an outsized role in our economy and in the building of generational wealth, whether it’s providing mortgages, investing in businesses, or providing capital to improve infrastructure and neighborhood resources. Yet its investment and hiring policies have often excluded, overlooked or outright harmed communities of color. Haywood demonstrated the type of determination and talent that is ready to be tapped if the industry truly wants to become more equitable."
And the best part? Haywood landed that first job.
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- 'I felt as if I was dead to her': The psychological cost of the silent treatment
Your subscription supports journalism that spurs change
Thank you for being a Paste BN subscriber. Just this week were two examples of the impact of our journalism. Your support allows us to do this important work.
University of Virginia's College at Wise on Tuesday formally adopted the Tracy Rule, which requires thorough background checks for athletes and bans those found responsible in a Title IX hearing or court for sexual or violent offenses from playing on varsity sports teams.
The Tracy Rule builds on policies the NCAA adopted in April 2020, four months after a Paste BN investigation called "Predator Pipeline" detailed how dozens of college athletes seamlessly transferred to NCAA schools and continued their playing careers after being found responsible in a Title IX case or in court for sexual offenses.
In addition, following our "Dying for Care" investigation, the White House, National Academies of Sciences, Engineering, and Medicine and now some members of Congress have called for nursing home reforms.
Our investigation looked into nursing home ownership webs invisible to consumers and regulators, focusing on one large operating chain that has an unusual financial partnership with its real estate investors.
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See you next week!