Tom Aito

Anew analysis, “Taxing Extreme Wealth,” by the Fight Inequality Alliance, Institute for Policy Studies, Oxfam, and Patriotic Millionaires found a shocking rise in global wealth among the world’s richest people despite deepening inequality during the Covid-19 pandemic. The analysis, “Taxing Extreme Wealth: An annual tax on the world’s multi-millionaires and billionaires: What it would raise and …

Report: Taxing the World’s Richest Would Raise US $2.52 Trillion a Year Read More »

Most see wealth inequality, especially between Black and white Americans, as too long-standing and intractable to be solved in any meaningful way. Lenwood V. Long, Sr. isn’t one of them. RELATED STORIES The 77-year-old has dedicated much of his professional life to community economic development and in 2018, the North Carolina native helped found the …

More Than 30 Black CDFI CEOs Team Up to Shrink the Racial Wealth Gap Read More »

Assembly Speaker Craig Coughlin and the New Jersey Assembly must act now to end racial discrimination in setting auto insurance rates. Currently, New Jersey auto insurance companies are allowed to set rates in part by using factors such as a person’s education, credit score, and job, despite the fact that these factors have absolutely nothing …

N.J. must address institutional racism in auto insurance rates | Opinion Read More »

A career in the financial services industry can present tremendous opportunities. It’s truly a profession where the sky is the limit, not only for the individual who enters it but for those they serve. Unfortunately, not enough diverse students are choosing this path. That means financial services organizations are not only missing out on amazing talent with …

FINANCIAL SERVICES FIRMS TEAM WITH HBCUS TO ADDRESS DIVERSITY AND THE WEALTH GAP Read More »

Holiday shopping season is upon us, and while you may be focused on supply chain issues slowing down your order, buying gifts is an opportunity for nearly 70 percent of us to make impactful purchases based on our values. As many of us continue to work remotely, you may be tempted to shop out of convenience, …

We Have an Opportunity—and an Obligation—to Shop Black This Holiday Season | Opinion Read More »

Consumer demand for Black brands is risingThe age of the inclusive consumer is here. Nearly half (45 percent) of consumers in the United States agree that companies should pledge to support Black-owned brands, suppliers, and vendors. Sixty-eight percent say their social values shape their shopping choices. This sentiment is matched by the growing support for …

The Black unicorn: Changing the game for inclusivity in retail Read More »

In the wake of rightful national outrage over the public murder of George Floyd in May 2020, we’ve seen waves of major businesses one-upping each other to invest in racial justice. Their statements range from vague promises to do better, to real, concrete, multi-billion-dollar commitments. But these commitments must be part of deep, structural change …

Are Major Financiers Missing A Racial Justice Movement For A Moment Of Goodwill? Read More »

Through mandates, mentorship and mobilisation, JPMorgan Chase & Co. is promoting diverse spend throughout its supply chain to enact real changeIn an era where Environmental, Social, and Corporate Governance (ESG) is rising rapidly to the top of corporate agendas, prioritising diversity is not, on the surface, a novel idea. In fact, JPMorgan Chase has been …

JPMorgan Chase: The Gold Standard in Diverse Spend Read More »