💸💪🏾Moneda Moves (26): AOC takes a stance on maternity leave
Bienvenidos, Moneda Moves readers! 💸It's been a second since we last connected, but only because we are revving up for more a few special projects. Today, we bring headlines on Puerto Rico, how immigrants connected with their loved ones over Mother's Day weekend and a Harlem-based fund set on changing the face of investing.
❗Bonus❗: We are looking for interviewees working on projects as they relate to Latinx and money. Are you a potential guest? Hit that reply button!
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Con poder✊🏽,
Lyanne
Keep tabs/cuentas on what's happening at the intersection of Latinx and money.
Puerto Rico hasn't received nearly as much as President Trump claims🇵🇷 : A new report states that Puerto Rico has received $12.6 billion in aid money. Yet the figure you may have heard from the Trump administration (on more than one occasion) may be a figure closer to $91 billion. Per a new article from NBC Latino's Nicole Acevedo, while the administration may have allocated more than $42 billion to the island, much less has been received. Instead, the >$90 billion figure is the cost of damages Puerto Rico suffered from Hurricane Maria.
How Western Union is a staple for immigrants on Mother’s Day❤ : Only once a year does Western Union see such a high influx of money sent to other parts around the world, with Latin America, including Mexico and the Caribbean, as the leading region. Given DC's present immigrant community, namely Latin Americans, money-transfer services like Western Union are in high demand on Mother’s Day. During this season, relatives who haven’t seen their family members in years transfer money to their loved ones. Samantha Schmidt, reports on the ground for The Washington Post.
Know the powerful/potentes Latinx and up-and-comers in the money world.
The Firm Challenging Whiteness of VC 💰: In 2018, women CEOs only received 2.3 percent of venture capital. People of color got even less. Harlem Capital Partners plans to become a billion-dollar fund by doing something quite uncommon for the industry: Investing explicitly in people of color and women. The group plans to invest in 1,000 black, Latino, and women entrepreneurs in 20 years. The story comes from Kimberly Weisul at Inc. Magazine.
Put your money/monedita where your mouth is! Some money updates for thought.
AOC on maternity leave for her employees 👶: While US standards allow workers to take up to 12 weeks of parental leave, the truth is the average maternity leave ends up being quite shorter. While jobs are protected in this period of time, companies do not have the obligation to pay employees for maternity leave. Meanwhile, Representative Alexandria Ocasio-Cortez indicates she will take a definitive stance on the issue and offer her employees three months of paid leave. This is on top of paying her staff a competitive salary, presenting a plan to transition back into the workforce and making the office family-friendly (i.e.: from cribs to mat needs), Araceli Cruz explains in a HipLatina article.
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PS: Have you watched Netflix's "Knock Down the House" yet?
That's all for this notita! See you next week with more updates coming to you from our Twitter and Instagram accounts. Hasta la proxima...