Director: Mississippi does not track welfare program results
Mississippi's scandal-plagued welfare program turns away most applicants for cash assistance, and it has not been tracking whether its programs fulfill the goal of lifting people out of poverty in one of the poorest states in the nation, lawmakers were told Tuesday. Robert G. “Bob” Anderson said that when he became director of the Mississippi Department of Human Services in March 2020, he found the agency had “output numbers" to track spending. “But we didn’t have a lot of outcome information," Anderson said.
news.yahoo.comEverybody is an Expert
Like Robert Johnson, candidates are meeting people at various crossroads. If you don’t know, sometimes it takes years to put together a winning political campaign. The voter turnout for most Black candidates is very, very low. If some Black voters know you, they don’t want to vote for you and if they don’t know you, they don’t want to vote for you. Every candidate is not necessarily a winning candidate and everyone that asks candidates for money is not necessarily a political expert!
thewestsidegazette.comPolice: Gunman killed four, then himself in Texas
A gunman in Texas killed four members of his own family, including a child, before fatally shooting himself as officers approached, police said Saturday. Corsicana Police Chief Robert Johnson told the Corsicana Daily Sun that one shooting was reported overnight in Corsicana, about 50 miles (80 kilometers) south of Dallas, and the second was discovered by authorities in Frost, about 20 miles (32 kilometers) west of Corsicana. Johnson said the victims include a man and a woman in Corsicana and a man and a child in Frost.
news.yahoo.comRobert Johnson: Companies will take hiring Black workers seriously when not doing so hurts their stock
"Companies understand return on investment capital. Johnson's comments follow the release of a new report on Black employment in the U.S. private sector from consulting giant McKinsey & Company. Under the proposal, companies could ultimately be delisted from the stock exchange if they failed to publish board data. "Black businesses tend to hire Black people as a whole, so you create more Black businesses, the bounce back is going to more Black jobs," Johnson said. "More Black jobs mean more Black people paying for home ownership, Black people ... saving for retirement, Black people investing.
cnbc.comBlack leaders share their advice on how to help Black Americans succeed
More needs to be done to help Black Americans find financial and work success, several Black leaders say. That includes providing access to the same financial literacy resources and job opportunities that White Americans have. Many Black Americans have been left behind in the economic recovery. Here's what CNBC contributors and members of the CNBC Financial Wellness Council have to say on the topic, including their recommendations to those in power and the Black youth of America. Robert Johnson, BET founderRobert Johnson, who became the first Black billionaire in the U.S. when he sold Black Entertainment Television to Viacam in 2001, is calling on powerful business people to help Black Americans advance in this country.
cnbc.comBET founder Robert Johnson: Black History Month should focus more on future opportunities
BET founder Robert Johnson told CNBC on Tuesday that he believes Black History Month should put more focus on what's needed to deliver equal economic opportunities in the years ahead. "I'm suggesting that we start calling February ... 'Black history, Black futures,'" Johnson said in an interview on "Squawk Box." Every U.S. president since Gerald Ford in 1976 has officially recognized February as Black History Month. However, according to the Association for the Study of African American Life and History, the origins of Black History Month stretch back to 1915. In 1976, after continued growing interest, ASALH worked to expand it to an entire month focused on Black History, according to its website.
cnbc.comHere’s what prominent Black Americans, including BET founder Robert Johnson, want the next generation to know
Yet at the same time, people of color are facing an outsized financial hit from the coronavirus pandemic. We spoke with Black leaders about their advice for the next generation, as well as their defining career moments and lessons they've learned. Robert Johnson, The RLJ CompaniesRobert Johnson, founder and chairman of The RLJ Companies, didn't grow up with a lot of money, but he knew working hard could give him an opportunity to succeed. Johnson, who is no longer on the Forbes billionaire list, took BET private in 1998 and sold it to Viacom in 2001 for approximately $3 billion. His advice to Black youths today: Don't financially limit yourself, no matter what others say to you or believe about you.
cnbc.comBET founder hopes GOP keeps Senate, sees divided government keeping left-wing in check
Robert Johnson, founder of Black Entertainment Television, told CNBC on Thursday that he hopes the Republican party keeps control of the U.S. Senate in order to provide a counterbalance to proposals from Democrats. Johnson's remarks come ahead of next month's Senate runoff elections in Georgia, which will determine the balance of power in the upper chamber. For the GOP to maintain control, only one of the Republicans running needs to win because the party currently holds a 50-48 seat advantage. For evidence, he pointed to the bipartisan coronavirus stimulus proposal from a group of Democrats and Republicans in the House and Senate. "People like [Democratic Sen.] Joe Manchin and others from Democratic party and others from the Republican said, 'You know, we've got to work together for the country.
cnbc.comBET founder Robert Johnson says voting Democrat gives Black Americans 'minimal return'
Black Entertainment Television founder Robert Johnson doesn't have much faith in a potential Joe Biden presidency. "And Joe Biden was not an inspiring candidate for many Black Americans. If you can't bring the economy back for everybody, you darn sure can't bring it back for Black Americans. "Black people do not embrace Biden as he never articulated a policy that went directly to the concerns of Black Americans," the businessman said. "But when you go to the core issues of what Black Americans really need, that's access to capital, access to wealth and income."
cnbc.comBlack Entrepreneurs Day shows 'people want to make a difference,' FUBU CEO Daymond John says
Some of the most noticeable names on Wall Street will have a role in Black Entrepreneurs Day online event this Saturday. "It shows that people want to make a difference," John, the founder and CEO of hip-hop apparel company FUBU, told CNBC's Jim Cramer in a "Mad Money" interview Tuesday. People who felt marginalized or felt discounted, and they felt that they needed to step up," John said. Black business owners have historically faced financial barriers to growing their businesses, including lacking banking relationships to gain access to capital. Black Entrepreneurs Day, which will be carried on Facebook, LiveXLive and other online social platforms like YouTube and Twitter, will also award nine $225,000 grants to business owners as part of the "NAACP Powershift Entrepreneur Grant."
cnbc.comBET founder Robert Johnson says 'I will take the devil I know,' adding he doesn't know what Biden will do
"Where I come out as a businessman, I will take the devil I know over the devil I don't know anytime of the week," Johnson said on "Squawk Box." "I know what President Trump has done and what he's said he will do. I don't know what Vice President Biden has said he will do other than masks, listen to the scientists," the 74-year-old Johnson said. I'm going to know what regulatory decisions they're going to make. What fiscal policy decisions, what monetary policies they're going to make than to be taking a chance, particularly when you have the turbulence of a pandemic," Johnson said.
cnbc.com2020 US presidential election is Trump's to lose, says BET founder Bob Johnson
The next U.S. presidential election is Donald Trump's to lose despite some polls suggesting the president is behind several of his potential Democratic challengers, entrepreneur and media mogul Robert Johnson said on Friday. He explained that Trump "brings his style" to the way he handles issues such as in foreign policy or immigration. Trump's ability to "dominate the news cycle" also puts him above his challengers, according to Johnson. He explained that Democrats often gets caught up and agitated over what Trump says, and then lose focus on substance. In addition, he said none of the Democratic presidential candidates appear to be "enough in the center" where most voters are, particularly African-American voters.
cnbc.comHungary Subsidiary of Microsoft Corporation Agrees to Pay $8.7 Million in Criminal Penalties to Resolve Foreign Bribery Case
In furtherance of that scheme, Microsoft Hungary executives and employees falsely represented to Microsoft that steep discounts were necessary to conclude deals with resellers who bid for the opportunity to sell Microsoft licenses to government customers. Microsoft Hungary entered into a nonprosecution agreement and agreed to pay a criminal penalty of $8,751,795 to resolve the matter. Although Microsoft Hungary did not voluntarily self-disclose the misconduct, Microsoft Hungary received credit for its and Microsoft Corporations substantial cooperation with the Departments investigation and for taking extensive remedial measures. For example, Microsoft Hungary terminated four licensing partners and Microsoft Corporation has implemented an enhanced system of compliance and internal controls, company-wide, to address and mitigate corruption risks. Accordingly, the criminal penalty reflects a 25 percent reduction off the bottom of the applicable U.S.
justice.govPepsiCo earnings top estimates on strong snack and beverage sales, company backs 2019 forecast
Healthier snacks and sparkling water helped fuel sales growth and offset a drag from foreign exchange. Frito-Lay North America was the strongest performer, reporting 5% organic revenue growth. The Cheetos maker credited sales growth in convenience and dollar stores for the unit's success. In addition to adding healthier snack and beverage options, Pepsi's strategy for sales growth has focused on investing more in advertising and marketing. In fiscal 2019, the company expects organic revenue to grow by 4% and adjusted earnings per share, assuming constant foreign currency exchange rates, to decline by 1%.
cnbc.comNew Virgin Galactic Chairman Chamath Palihapitiya says tourism spaceflights to begin within a year
Richard Branson, founder of Virgin Group, and venture capitalist Chamath Palihapitiya told CNBC's "Squawk Box" on Tuesday that Virgin Galactic is projected to become profitable on an annual basis by August 2021. The pair of billionaires, who are taking the company public following a merger deal, also said Virgin Galactic is on track to fly its first customers within a year. Sending the company's first tourists to space would come as Virgin Galactic gets ready to go public following a merger with Social Capital Hedosophia (SCH), a special-purpose acquisition company that Palihapitiya created. He will become the chairman of the new Virgin Galactic, while the existing management team, including CEO George Whitesides, will remain in place. The combined firm will have a valuation of $1.5 billion, with SCH taking a 49% stake.
cnbc.comCisco plans to acquire Acacia Communications in a $2.6 billion deal
Netflix's 'Stranger Things' got one thing wrong about 1985 ... While "Stranger Things," now in its third season, has what seems like hundreds of hidden Easter eggs and obvious nods to pop culture in the decade, there's at least one thing...Entertainmentread more
cnbc.comDemocrats have moved 'too far to the left,' says BET network founder Bob Johnson
America's political establishment is riven with partisanship that has become "very wicked and very mean," said entrepreneur and media mogul Robert Johnson, who added that the Democratic Party has become too liberal for his liking. "The party in my opinion, for me personally, has moved too far to the left," Johnson, the founder of cable network BET and RLJ Companies business network, told CNBC's Hadley Gamble Tuesday. "And for that reason, I don't have a particular candidate (I'm supporting) in the party at this time," he said. Johnson described himself as a long-time centrist and Democrat. However, he has since expressed admiration for some of Donald Trump's policies, particularly those related to the economy.
cnbc.comFormer U.S. Government Contractor Pleads Guilty to Falsifying Training Certificates
A former U.S. government contractor pleaded guilty today to making counterfeit training certificates for individuals seeking employment on government contracts in Afghanistan. Antonio Jones, 40, of Yorktown, Virginia, pleaded guilty to one count of making false statements before U.S. District Judge Donald C. Coggins of the District of South Carolina. As part of his guilty plea, Jones admitted to making and/or causing to have made false Department of Transportation hazardous material (HAZMAT) training certificates to help an individual get a job handling HAZMAT in Afghanistan. A South Carolina-based contractor accepted the fake HAZMAT certificate as proof that Joness client had attended a training course prescribed by federal regulation and was otherwise suitable for employment when in fact, the client had not attended the HAZMAT course or any other HAZMAT course, Jones admitted. The case is being prosecuted by Trial Attorney Michael P. McCarthy of the Criminal Divisions Fraud Section.
justice.gov