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What Is The YOLO Economy And Why Is It On The Decline?

As Americans race toward yet another nail-biter of a presidential election , things like inflation and cost of living continue to rise at a seemingly untenable rate. Many people have been forced to cut back on necessities, pay bills late or even resort to living in cars and tents to try to survive this stifling economic climate. After only a few short years, it seems as though the YOLO economy has officially come to an end. For those not in the loop, the YOLO economy was a period of prosperity borne of the COVID-19 pandemic , which allowed many Americans to spend with reckless abandon for a few short years. Now that the era of YOLO seems to be going the way of the dodo bird, it seems like as good a time as any to examine what the economic system entailed, where the term comes from, and why financial trends have shifted the landscape in the way that they have. Without any further preamble, let’s unpack the history of the YOLO years, and see if we can predict what comes next for those...

Jun 7, 2024

'Heroic' Efforts Of These 3 Black Medical Students Led To The Development Of The First COVID-19 Vaccine

Diversity within science and medicine is vital, and the work of these aspiring Black medical professionals is proof of it.

Sep 21, 2023

DaBaby's Team Responds To Concert Cancelation And Doubles Down On His Alleged $200K Booking Fee

DaBaby’s team has responded to claims that the North Carolina native’s upcoming New Orleans show was canceled due to low ticket sales. The 30-year-old’s booking agent says that the Sept. 2 show at the Smoothie King Center was scrapped due to a lack of promotion on the city’s end, not low ticket sales.

Sep 2, 2022

India Arie Joins Musicians Pulling Their Catalogs From Spotify Following Joe Rogan Controversy

India Arie has always been about doing what feels right. Arie has shook the music industry since the very beginning, defying beauty standards with her hit song, “Video,” and always making it known that she will not conform to fit into what the world wants her to be. And, in 2022, nothing is changing. Rolling Stone reports that Arie is among the latest musicians set to remove music from Spotify in support of Neil Young, who first demanded action against the streaming platform’s failure to address the COVID-19 misinformation shared by Joe Rogan via his podcast. While misinformation about viruses and vaccines sparked the protest by musicians on the platform, Arie says it’s much more than that. “Neil Young opened a door that I must walk through,” Arie wrote via Instagram. “I believe in freedom of speech. However, I find Joe Rogan problematic for reasons other than his Covid interviews. For me, it’s also his language around race.” View this post on Instagram A post shared by India Arie...

Feb 1, 2022

Two Nurses Charged For Distributing Fake Vaccine Cards That Earned Them More Than $1.5M

Common sense just may not be so common these days. CNBC reports that two Long Island nurses have been arrested for the alleged falsification of vaccination records. The two nurses — 44-year-old Marissa Urraro and 49-year-old Julie DeVuono — are currently facing charges that include one count of forgery in the second degree.

Jan 31, 2022

Rihanna's Foundation Pledges $15M To Climate Justice, Joins Jack Dorsey's #StartSmall Initiative

Rihanna’s foundation is continuing its mission to advocate for policy and systems change. According to a press release, The Clara Lionel Foundation has partnered with Jack Dorsey’s philanthropic initiative, #StartSmall, to pledge $15 million toward the climate justice movement within the United States and the Caribbean.

Jan 26, 2022

Rolls-Royce CEO Torsten Müller-Otvös Says COVID Deaths Helped Sales 'Quite Massively'

The CEO of Rolls-Royce has disclosed some interesting facts about his cars’ sales in the wake of the COVID-19 pandemic. And according to Business Insider, it’s all about the money for him — and others. “Quite a lot of people witnessed people in their community dying from Covid, that makes them think life can be short, and you’d better live now than postpone it to a later date,” Torsten Müller-Otvös said. “That also has helped [Rolls-Royce sales] quite massively.” To wit, Rolls-Royce sold nearly 6,000 cars in 2021, a record for the luxury car manufacturer. The most popular model for purchase was the so-called “Ghost” model, which has been named in countless Hip-Hop songs and featured in numerous films and television shows. And the car itself is not the only luxury item to see a spike in sales. According to the same report, sales of luxury items, in general, have spiked dramatically in the wake of the pandemic — and that number is only going to increase as time goes on. “The crisis...

Uber And Visa Are Dedicating $1M To Small Minority-Owned Businesses

Uber and Visa have linked up to support small businesses as the new year continues to unfold. The company has announced its Grants For Growth program which will provide small businesses in 10 U.S. cities with $1 million in funding, according to a press release. The program will be led by Local Initiatives Support Corporation (LISC) with a focus on restaurant recovery and entrepreneurship. “We know that this year has been trying for many and that independently-owned businesses continue to face significant business challenges,” said Sarfraz Maredia, VP of the US and Canada Delivery at Uber in an official press release. “Uber and Visa are committed to supporting SMBs, especially through unexpected events, when they may need us most.”

Jan 10, 2022

How Dr. Kudaisi, A Super Mom Of Five, Beat Covid Then Gave Birth And Graduated Shortly After

Dr. Queshonda Kudaisi serves as proof that Black women are otherworldly! Dr. Kudaisi is a mother of five who defied the odds and even successfully gave birth and attended graduation to receive her Ph.D. and her journey is one that will both shock and inspire you. After testing positive for COVID-19 back in August, Dr. Queshonda Kudaisi wasn’t sure that she nor the baby would survive and even began to consider her options for pushing back her graduation from the University of South Florida. “I thought the baby and I wouldn’t survive, or that I would have to push back my graduation,” she explained via Twitter.

Dec 21, 2021

Scientist Who Identified Omicron Calls The World's Reaction 'An Unfair Treatment Of African Countries'

The world may have joked about the COVID-19 Omicron variant by changing its name to “Omarion,” but that’s not the reaction that the scientist who discovered it, Sikhulile Moyo, is solely concerned about. The first case of the variant was reported to the World Health Organization (WHO) from South Africa, and since its discovery, Moyo has become disappointed in the world’s response. Moyo is a research associate with the Harvard T.H. Chan School of Public Health and the lab director of the Botswana-Harvard AIDS Institute Partnership team that was responsible for identifying the Omicron variant this past November. The New York Times reports, four international travelers contracted COVID-19 on Nov. 11, four days after entering Botswana. After further analysis, the scientists discovered the genetic sequence of the case was unique and foreign to the research and public community.

Dec 20, 2021

Black Women In Georgia To Receive $850 A Month Through Income Pilot Program

Black women in Georgia will receive guaranteed monthly income to improve their mental health and address the racial wealth gap. Yahoo News reports , the In Her Hands program will grant 650 Black women below the federal poverty line $850 in monthly cash with no conditions attached for two years. In Her Hands will become one of the largest guaranteed income pilot programs in the U.S distributing over $13 million in funding by early 2022. “Black women are among the most likely groups to experience cash shortfalls that make covering basic needs difficult. This isn’t the result of poor choices; it’s the result of pervasive economic insecurity that has the sharpest impacts on women and communities of color,” Hope Wollensack, executive director of the GRO Fund, said in a release, according to Yahoo News. “Guaranteed income is a step toward creating a more just and equitable economy.”

Dec 10, 2021

Jay-Z’s Roc Nation, REFORM Alliance To Hold Job Fair In New York

Jay-Z’s Roc Nation and REFORM Alliance have partnered to bring thousands of job opportunities to Madison Square Garden on Nov. 18. The news comes in light of a needed revitalization of New York’s economy following the alarming impact of COVID-19, which according to reports, may take years to recover from. The “Team Roc New York Job Fair” hopes to provide New Yorkers with relief by providing opportunities of all levels. “The Team Roc New York Job Fair is a real opportunity for socio-economic mobility for New Yorkers – those who want to work, yet have not had the exposure or connections to the right-fit jobs, or to the support services that can strengthen their prospects for employment,” Dania Diaz, Team Roc managing director, said in a press release. “It is also a chance for us to work together – public, private, nonprofit sectors – to address the state’s labor shortages in a meaningful way.” The Team Roc New York Job Fair will be held from 9 a.m. to 5 p.m. ET and open to the general...

Nov 4, 2021

Google Employees Who Choose To Work From Home Could Soon Face A Pay Cut

Working from home could soon cost you if you’re a Google employee. As the pandemic continues to take the world by storm, many companies are restructuring what work looks like for their employees. Last year, COVID-19 sent everyone into quarantine pushing non-essential employees to transform their homes into offices, schools, restaurants — the whole nine. Now, as the world attempts to return to normal (whatever that is), some employers are reconsidering what the future of work looks like. Among those companies is Google who’s giving their employees the option to choose which work environment works best for them at a cost. According to Tech Times, Google employees who decide to work from home could experience anywhere from a 5 percent to 25 percent pay cut. The company will allegedly penalize staffers who make the decision to work remotely in cities where Google offices are located. They have rolled out an internal calculator that will further detail the potential pay cuts. Per the...

Aug 13, 2021

Here's What Live Nation Is Doing About Vaccine Mandates At Their Concerts

Live Nation wants the artists to have a choice. In a statement released by the company’s CEO — and obtained by Revolt TV — it was revealed that the concert promoter is leaving the onus on the artists, themselves, to issue a vaccine mandate at their concerts. “It has been great to see events make such a strong return across the U.S., with demand for concerts and festivals continuing to outpace expectations,” wrote CEO Michael Rapino, in the announcement. “We are working to ensure we are reopening in the best way possible for staff, artists, crew, fans, and communities at large. Our teams have worked together to put new processes in place so artists doing shows with Live Nation in the U.S. can require all attendees and staff to be fully vaccinated or show a negative test result for entry where permitted by law. We know people are eager to return to live events, and we hope these measures encourage even more people to get vaccinated. That is the number one thing anyone can do to take...

Woman Wins $302K In Delaware's Vaccine Incentive Program

A Black woman has just won $302,000 in Delaware’s vaccine incentive program. According to the local ABC affiliate in Delaware, Sophie Poindexter got entered into the lottery after signing up for the COVID-19 vaccine. The Newark, DE native was automatically entered into the program, which is called DE Wins! “They told me, ‘You’re going to need to sit down for this because you’re the big winner,'” she said to the outlet. Poindexter also said that she plans to use some of the money to book a trip. Congratulations are in order, then, for Poindexter! Delaware is one of many states that have a vaccine incentive program. The ABC affiliate in Missouri is also offering a similar vaccine incentive program, where residents of the state who get the COVID-19 vaccine are automatically entered to win cash prizes. Prizes in Missouri include $10,000 cash or $10,000 toward an education savings account. 900 winners total will be selected to win that money. And the National Governor’s Association has a...