Brooklyn Nets’ Owner Joe Tsai Pledges $50 Million to Create ‘Economic Mobility’ in Brooklyn’s Black Community

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The Brooklyn Nets, led by owners Joe and Clara Wu Tsai, are pledging $50 million over 10 years to establish and support they hope will lead to economic mobility in the Black community.

The couple will lead a “five-point plan,” which will include continued support for its players pushing for social and economic equality and address wage gaps in communities of color, starting in Brooklyn. The plan will also address diversity within the Nets organization and the National Basketball Association league office.

“After George Floyd’s death, we felt like we needed to take a firm stand on racial injustice,” Clara Wu Tsai said in an interview with CNBC on Monday. “I wanted to state our beliefs on this issue — that racism is pervasive and needs to be addressed, and I wanted to lay out core principles that clarified our purpose as an organization.”

Source: CNBC

The U Experience, a startup focused on providing university students a traditional college experience with bubble-style resort campus, moves to Boca Raton Florida (Waterstone Resort & Marina) for fall semester after local outrage from Hawaii bubble hotel plans

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Editor’s Note: On August 17, one day after this story was published, The U Experience announced it would host its program at the Waterstone Resort & Marina in Boca Raton, FL.

Last week, two Princeton alumni garnered national attention for plans to create two ‘bubble’ campuses in Hawaiʻi and Arkansas, just as the University announced that all fall instruction would be remote.

After widespread backlash from local Hawaiʻi residents, the alumni’s business idea, titled ‘The U Experience,’ will no longer come to fruition at either property.

Lane Russell ’18 and Adam Bragg ’16 started The U Experience in response to many colleges’ decisions to conduct fully virtual fall semesters. They planned to house about 150 college students, who would take classes online in a ‘bubble’ hotel, where they could “come to live out the college experience with total peace of mind,” according to the company’s website.

On the same day Russell appeared on CNN, a seven-member team of Hawaiʻi residents published a Change.org petition titled “Stop Bringing Nonresident Students to Hawaiʻi During a Pandemic,” which garnered over 11,000 signatures in just three days.

According to Lexi Figueroa, who helped write the petition, the authors also received an outpouring of support from non-residents, including University alumni, who expressed opposition to The U Experience, citing the “selfish, irresponsible, and disrespectful nature of this project.”

“We only have 340 ICU beds to service the entire population of Oʻahu,” the team behind the petition wrote to the ‘Prince.’ “A single outbreak in a The U Experience ‘bubble’ would deplete nearly half of our health resources.” In total, Oʻahu has a population of nearly one million.

On Aug. 11, the U Experience announced that it had suspended plans with Park Shore Waikīkī and Graduate Fayetteville — just four days after the Business Insider feature.

In their Aug. 11 update, The U Experience team maintained, “our goal is to disrupt education, not local communities.”

Source: Business Insider

Reddit changes logo in support of #BlackLivesMatter and co-founder Alexis Ohanian resigns; asked to be replaced with black candidate

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Current CEO Steve Huffman posted a letter to Reddit employees on June 1 outlining support for the Black Lives Matter movement, but it did not include specific actions the company was taking. The logo will remain black for eight days, in symbolism of the number of minutes Minneapolis police office Derek Chauvin held his knee on George Floyd’s neck.

Today, Reddit co-founder Alexis Ohanian announced his resignation from his role on the board of directors and asked to be replaced with a black candidate. He has also donated one million dollars to Colin Kaepernick’s Know Your Rights campaign, and said he will funnel all future gains on his Reddit stock to benefit the black community.

Source: SF Gate

Asian American Teen Assaulted in Los Angeles After Bullies Wrongfully Accuse Him of Having Coronavirus, Los Angeles County Public Health Speaks Out

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LA County Supervisor Hilda Solis condemned the bullies’ actions and made clear that the coronavirus is not something residents of LA should be worrying about, blaming the spread of misinformation.

“I am concerned because, as someone who is also of immigrant background, I know what it means to face discrimination and racial profiling,” Solis said at the press conference, held in downtown Los Angeles.

“We need to say that there needs to be a rational discussion about what’s happening,” Solis continued. “There’s only one case in L.A. County that we know of … that person is being quarantined. And right now, we need to do everything to reaffirm our support to the [Asian Pacific Islander] community.”

Source: Yahoo Finance

Graduates of four-year universities flock to community colleges for job skills

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“There’s a lot of disciplines universities aren’t offering,” said Cecilia Rios-Aguilar, an associate professor of education at UCLA and director of its Higher Education Research Institute, who said it’s no surprise that college graduates who want more specialized training or career changes are turning to community colleges. “The universities aren’t keeping up.”

By definition, community colleges are more responsive to the needs of local employers than some universities, said Davis Jenkins, a researcher at the Community College Research Center.

“Certainly the regional universities should be more customer-responsive,” he said.

Source: The Hechinger Report