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Click here to watch this article On October 25, the NAACP introduced NAACP Capital, a pioneering $200 million fund invested in strengthening communities and improving equity across the country.NAACP Capital functions as a traditional fund and offers co-investment plans that provide resources and advocacy to a variety of innovative companies. Additionally, the fund will focus on areas such as education technology, fintech, health technology, and climate technology, and welcomes support for marginalized communities. President and CEO issues statement regarding the fundDerrick Johnson, NAACP President and CEO, explains how the organization’s heritage is committed through inclusion and diversity.“As an evolving legacy…

Detroit and the Michigan Department of Treasury last week completed a deal to refinance bonds issued as part of the city’s exit from bankruptcy.bloomberg news The Michigan Department of Treasury this month offered the city of Detroit a $79.51 million deal to repay debt issued to pay creditors in connection with a bankruptcy settlement.Wells Fargo set the purchase price on October 8th.Series 2024A Municipal Loan Program Revenue Bonds are limited obligations of the authority backed by the city’s share of annually distributable state grants deposited with the bond trustee by the state treasurer. These are also supported by the City’s…

Bridget McConnell (Photo courtesy of St. John Properties, Inc.) St. John Properties, a Baltimore-based commercial real estate development and management company with more than $5 billion in assets nationally, has appointed Bridget McConnell as property manager. Mr. McConnell joins the company with nearly 20 years of asset and real estate management experience. McConnell plans to provide best-in-class property management services to clients in three business communities in Baltimore and Harford County, encompassing more than 2 million square feet of commercial office, flex/R&D, and retail space. Her responsibilities include maintaining a high quality internal and external work environment, interacting with and…

LARGO, Fla. — In hindsight, one Largo mobile home owner is grateful that Citizens Property Insurance bought him flood insurance this year. Jane Pasva Morgan was initially angered by the request and emailed ABC Action News anchor Nadine Yanez in April. At the time, she tearfully said that in addition to homeowner interest rates doubling in the past five years, the cost of newly required flood insurance had doubled them again. . “If there’s any way you can help those of us who can’t help ourselves, please do what you can,” Pasva Morgan said tearfully at her dining room table…

Screenshot: Courtesy of Paramount StudiosEver since he shot to fame in the 1984 film A Soldier’s Story, Denzel Washington has continued to dominate our screens. With an acting career spanning more than 40 years, some may wonder if this veteran actor has finally reached the point of retirement…especially since he hinted at it this summer.DeWanda Wise talks about femininity and female desire on ‘Three Women’ Now, in an exclusive interview with The Root ahead of his highly anticipated film Gladiator II, the Oscar-winning actor opened up about whether he’s finally saying goodbye to Hollywood. In the upcoming film, Washington stars…

Emory University has revealed a $16 million investment in the Grayscale Bitcoin Mini Trust BTC, making it one of the first higher education institutions to enter into holdings of Bitcoin BTC/USD. The move follows a trend in recent years with major companies such as Tesla, Block Inc. (formerly Square), and PayPal adding Bitcoin to their balance sheets. The university’s recent SEC filings show it acquired approximately 2.7 million shares of Grayscale Trust, highlighting the institution’s growing interest in digital assets. Emory’s investment signals confidence in the potential of cryptocurrencies as an alternative asset class, as Tesla made a notable $1.5…

Bank of Marine’s third quarter net income was $4.57 million, following strategic moves to reposition its balance sheet in the second quarter and an improving San Francisco office real estate market. Marin Bank’s parent company (Nasdaq: BMRC) on Monday reported a rebound in third-quarter profit from the previous three months. The Novato-based bank posted positive quarterly net income of $4.57 million, following a second-quarter net loss of $21.9 million. This is primarily due to investment sales and financing issues. Banks repositioned their balance sheets and reduced operating expenses to ensure they were back on track. President and CEO Tim Myers…

ERA Real Estate announced its latest partnership with ERA Prospera Real Estate, a Minneapolis-area-based brokerage serving clients in the Twin Cities and surrounding suburbs, the Northern Lakes region, and western Wisconsin. Founded just last year, the brokerage has already developed an extensive portfolio of past and present clients, referral channels across adjacent industries, and unique real estate niche insights that draw clients to Minnesota, the company said. He added that the company’s quick success is mainly due to the following effects: This is due to the leadership of current owner Keith Taylor, who has nearly a decade of experience in…

Photo: Gary Hershawn (Getty Images)in this storyJPMorgan Chase & Co. (JPM +1.11%) has begun filing lawsuits against people who withdrew hundreds of thousands of dollars using a so-called “infinite money glitch” that went viral on social media last summer.Boeing wants to raise $19 billion as it faces delivery delays and employees stopped workingIn August, posts began circulating that told users how to exploit the “glitch,” essentially committing check fraud. This involved depositing large amounts of fake checks and withdrawing some of the available funds before the bank could clear the checks. JPMorgan has filed several lawsuits, including one in the…

Photo: Bosch Bosch is currently the first manufacturer to bring a cold climate heat pump to market as part of the U.S. Department of Energy’s (DOE) Residential Cold Weather Heat Pump Challenge. The new Bosch IDS Ultra Cold Climate Heat Pump is designed to keep your home warm even in frigid temperatures, making it a solid choice for those ready to move away from fossil fuel heat sources. Cold-weather heat pumps are much more energy efficient than traditional oil or propane heating systems, reducing homeowners’ carbon footprint and lowering their utility bills. Plus, it works year-round for both heating and…