Moneda Moves (87): Do Latinos want to fight for a spot within the financial system or build our own?
Hello, Moneda Moves readers. Welcome to our Friday check-in.
It’s been a busy week in business news, but it’s also been a heavy and emotionally-tolling week for many of our peers of color. After a heavy news cycle around trials and fatal shootings of Black and brown people, and several at the hands of police, many of our neighbors are feeling exhausted.
I want to share a piece that I appreciated for its poignant words, by Chicago-based artist, photographer and journalist Mateo Zapata on the deadly shooting of 13-year-old Adam Toledo. You can read the piece penned by Zapata here.
If you can, take a moment to check in on your community.
Con poder,
Lyanne
Headlines to put on your radar.
Latino areas devastated by COVID-19 are reopening slowly, with caution and fear about future: Latinx businesses in East Los Angeles are cautiously reopening their doors, but according to recent reports, some are just one emergency away from closing permanently. Business owners in lower income communities are attempting to enter a new normal in communities that have grappled with illness, death and job loss. Here, they lead a distinct reality. As written in The LA Times:
“The anxiety along Whittier Boulevard at this moment of optimism is yet another example of the deep inequities brought on by the pandemic.”
In short, not everyone is eager to spend just because things are opening back up. There is reason for concern about the pandemic’s long-term impact on the Latinx community.
Some towns are getting gentrified and Puerto Ricans are worried they will be priced out🇵🇷: It’s no secret that tax incentives have attracted people to Puerto Rico (in particular wealthy Americans). Bianca Graulau is an independent journalist who has relentlessly covered the island amid the pandemic, and if you don’t watch her reports yet, I highly recommend the follow.
In her recent story, she covers the tax breaks that corporate businesses and individuals have receive from Puerto Rico and asks: Who really benefits from them?
Rising voices in business, fintech, entrepreneurship and beyond.
Meet “Tu dinero es tu futuro” host Silvana Henao💰: The phrase “tu dinero es tu futuro” means “your money is your future,” and journalist Silvana Henao wants to give her viewers the tools to plan for it.
This #MonedaMonday we spoke with journalist and talent producer at CNBC Henao. Growing up she used to watch Telemundo, Univision and wanted to master the art of telling a good story. Today, she is passionate about educating Spanish-speakers on personal finance.
Her biggest money lesson to date? Learning to save for retirement, and it’s one she implemented with intention when she started working at CNBC and started saving for her future. You can watch the full feature in our IGS highlights.
Latinos Can Work Within The Financial System or Create a New One (Meet La Prensa)🏦: This week, we also went back to our roots— journalism! In collaboration with reporter-led Meet La Prensa, on a mission to tell stories and create representation for Latinx journalists and journalists of color at large, we are speaking with reporters covering the business beat.
Most recently we spoke with CNBC Associate Producer Brandon Gomez about big stories to watch around the Latinx community and money, the growth of entrepreneurship in our community and need for capital to scale. Watch the full video here.
Thank you for joining us! Until next Friday, catch us here on Moneda Moves.