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THIS is the statue that should replace Gen. Lee's

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Maggie L. Walker founded St. Luke Penny Savings Bank in 1903, a time when Jim Crow laws and institutionalized prejudice conspired to prevent blacks from borrowing money or from even having bank accounts. This was done, of course, to keep blacks in a position of economic servitude, a situation blacks still suffer from to this day. Born a year before emancipation, Ms. Walker, the daughter of a former slave, is the first American women to have successfully opened a bank. (Having attempted in 2008 to raise $50 million to create a black-owned bank holding company to make capital investments in and own parts of new and existing black-owned U.S. banks, I can tell you that this is no easy task.) She did so in the South. In Richmond, Va., the capital of the confederacy. during a time when even white women were not allowed to vote. In the South. (Oh, and she also led a boycott of Richmond’s segregated trolley car system, 50 years before the Montgomery Bus Boycott.) I'd say she's worthy…

You're against hatred, bigotry and stupidity?

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That's funny..SO ARE WE!

Why we need a Global ICO Census and Database

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The Securities and Exchange Commission’s (SEC) recent report defines tokens sold through ICO offerings as “securities.” This is neither appropriate nor in the public interest. This definition will restrict the ability of startups to raise much needed capital without having to go to commercial banks, investment banks and venture capitalists, institutions who long ago abdicated their role in providing capital to deserving startups and small businesses. (Commercial banks, investment banks and venture capitalists focus on providing capital to a narrow group of non-minority and non female firms. As Uber and others (Google?) have shown, many of the women who dared work for these commercial bank, investment bank and venture capitalist supported firms found themselves harassed..and we know what happened when they sought funding.)

In a press release, the SEC concluded that anyone using "..distributed ledger or blockchain enabled means for capital raising (needs) to take appropriate steps…

SEC takes jab at startups while leaving the big banks alone

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The Securities and Exchange Commission’s concern about “initial coin offerings” is understandable. There are significant problems in the ICO marketplace, but new markets always have issues. Unfortunately, the SEC’s recent restrictions defining the tokens sold through such offerings as “securities” completely miss the point and once again will constrain the ability of startups to raise much-needed capital without having to go to a bank or venture capitalist first.

See: https://www.americanbanker.com/opinion/sec-takes-jab-at-startups-while-leaving-the-big-banks-alone

Senator Bob Corker at the Post, John Ray, Impact Investing Analyst, Georgetown University, Master’s in Finance

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On Wednesday, July 26th, I watched as Senator Bob Corker (R-TN) sat down with David Ignatius of The Washington Post to discuss the current foreign policy environment in the United States. Part of the Post's “Securing Tomorrow” Series, Senator Corker, as Chairman of the Senate Foreign Relations committee, answered questions on Congress’ attitude towards a variety of foreign policy concerns.

The major takeaways from the event include Corker’s firm stance on the need for congressional review of Presidential actions, his continued praise for Secretary Tillerson and President Trump’s cabinet, and his belief that sanctions on both Russia and Iran are absolutely vital pieces to American foreign policy.

Corker's bill not only enhances sanctions on Russia and Iran, but also limits the president’s ability to lift sanctions currently imposed.  Mr. Corker believes very strongly in increasing Congress’ role in foreign policy when it comes to sanctions and his bill does just that.

Interes…

Disinformation in the Internet Age (IGF-USA) by Kari Nelson, Impact Investing Intern, University of Virginia

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On Monday July 24, the Internet Governance Forum USA (IGF-USA) was held in Washington D.C. This event featured “panels, keynotes, and plenaries discussing issues vital to the continued growth of the Internet and increasing its benefits for all,” as described in the program for the day. I attended two sessions during IGF-USA, and wanted to share some highlights from each.

The first session I attended was a plenary session titled, “Nationalism, Disinformation and Free Expression in the Age of the Internet.” As it was described in the program, this panel examined:
•“How the internet ecosystem allows nativist content & movements to flourish & increasingly silos people
•“How content is weaponized & disinformation used in politics
•“How to ensure free expression with any proposed solutions.”

Conversations exploring these issues are extremely important, especially in light of the Russian misinformation campaign during the 2016 election. We should continue to have these discussio…

Branchless Banking Roundtable by Zhuoxi (Austin) Wu, Impact Investing Analyst

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On July 24th, I attended a Branchless Banking Roundtable discussion sponsored by the Financial Services Innovation Coalition (FSIC) at the Rayburn House Office Building in D.C. 
Panelists include the Co-Founder of BankMobile, Luvleen Sidhu, Founder of Creative Investment Research, William Michael Cunningham, and the founder of HBCU Wall Street, Torrence Reed. The moderator was the founder of FSIC, Kevin B. Kimble. During the hour-long discussion, they discussed issues related to the inefficiency of bank branches, the problem of bank transaction fees, and how newly developed technologies can change people’s way of banking.
The discussion kicked off with agreement among the panelists that bank branches are no longer a necessary part of people’s banking experience. Based on statistics, bank branches are, on average, only getting one account opened each week per branch, which equals 52 accounts opened a year at each branch. Apparently, the influence of bank branches on people’s banking h…