Skip to main content

The Daily Money: Preserving Silicon Valley's Black history


This is Amritpal Kaur Sandhu-Longoria with your Daily Money headlines. It is Wednesday here and Thursday somewhere on the planet.

Quarterly tax time is among us. If you don't have taxes taken out regularly from your paycheck, June 15 is the last day to do it. These estimated tax payments should cover April 1 through May 31, and the next quarterly round of taxes are due September 2023.

If you don't know how much you owe, experts advise that you take last year's tax liability payment and split them into four parts, and use that as your estimated tax payment.

If you miss the deadline, you'll have to pay a penalty. And that's no fun.

Saving Silicon Valley's Black history

Roy Clay Sr., one of the first Black men to graduate from a previously all-white university in a former slave state, headed west to San Francisco in 1958, leaving St. Louis behind for a job at Lawrence Livermore National Laboratory.

He was going to create a radiation-tracking software system to map the aftermath of nuclear explosion. With more than five decades in Silicon Valley, he helped develop Hewlett Packard's computer division, ran his own consulting firm, started a company that manufactured electrical safety test equipment, and advised top venture capital firms on investments with Intel and Compaq.

He was also a huge proponent of "flex time."

So, why haven't we heard more of him? Stories like Clay's, and contributions by other Black Americans to the tech industry, are one of many that have been left untold. And now, other Black Americans are racing to preserve this bit of history before it is lost forever. Silicon Valley Archives, a project by the Stanford Libraries is collecting materials to preserve Black history for its initiative, "Histories of African Americans in Silicon Valley." You can read more about him here.

📰 More stories you shouldn't miss 📰

Martha Stewart slams remote work: 'You can't possibly get everything done'

When do student loan repayments start? The debt ceiling deal gives a firm deadline

New Rolling Stones, Keurig 'Start Me Up' kit promises 'rock and roll' coffee experience

Ford recalls over 125,000 vehicles, including select Escape, Maverick, and Corsair models

A $250,000 apartment under an LA bridge is in demand as one of the city's cheapest homes

🍔 Today's Menu 🍔

McDonald's is introducing a purple milkshake in honor of Grimace, the big purple character that is either a giant taste bud or just bulbous blob. In celebration of Grimace's birthday on June 12, McDonald's is offering a limited-edition Grimace Birthday meal that includes a purple berry-flavored shake, fries and either a Big Mac or 10-piece Chicken McNuggets.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.