Netflix moving $100 million of cash holdings to black-owned banks

Netflix is pledging $100 million to support black-owned banks, the company announced Tuesday. The streaming video giant announced that it would shift 2 percent of its cash holdings to African American-owned US financial institutions in order to “directly support Black communities in the US.” The streaming video giant announced that it would shift 2 percent of its cash holdings to African American-owned US financial institutions in order to “directly support Black communities in the US.” In a blog post titled “Building economic opportunity for Black communities,” Netflix cited an FDIC stat that says black-owned or led banks represent “a mere one percent of America’s commercial banking assets,” and that by redirecting its cash to those communities it hopes “to inspire other large companies to do the same with their cash deposits.”

The streaming giant is also putting an extra $25 million of its cash toward a fund called the Black Economic Development Initiative, which will “invest the funds into Black financial institutions serving low and moderate-income communities” as well as community development corporations. An additional $10 million will go to the Hope Credit Union to “fuel economic opportunity in underserved communities across the Deep South.” Netflix’s announcement arrives just weeks after CEO Reed Hastings pledged $120 million to black colleges.

https://nypost.com/2020/06/30/netflix-pledges-100-million-to-black-owned-banks/

Why do I get the feeling that Obama/Clinton is somehow involved in this, and that this money all gets funneled into LOOP Capital?

>>9809315

https://nypost.com/2020/07/31/netflix-loses-100-million-to-black-owned-banks/

?? Your date hasn't happened yet

House Dems Reject Resolution Condemning China for Coronavirus Cyberattacks

House Democrats voted down a resolution that condemned China for launching cyberattacks aimed at stealing valuable coronavirus data from American research institutions. Rep. Adam Kinzinger (R., Ill.) introduced the resolution on Tuesday morning. It notes China's "long history of conducting cyberattacks on Americans" and further warns that the Communist nation's coronavirus-related attacks could "jeopardize the delivery of secure, effective, and efficient treatment options for American citizens." Kinzinger's resolution also demands that China be held accountable for "perpetrating such belligerent acts." Rep. Michael McCaul (R., Texas) argued in support of the resolution, calling China's cyberattacks "a new low." "At a time when scientists around the world are working together in an epic race against time to develop a life-saving vaccine to rescue the world from the grips of the coronavirus, the CCP is trying to steal that research for their own selfish purposes," he said.

The Texas Republican also admonished the Communist regime for its role in spreading the virus. McCaul said China "lied to the world at every turn" by destroying virus samples, silencing doctors, and downplaying human-to-human transmission. "They are trying to steal our research to develop a vaccine to save the world from the very pandemic that they created. This is absolutely unacceptable and must be condemned," the congressman said. "Let's move forward together on calling out the CCP for their continued outrageous and dangerous misbehavior." No House Democrats voted in favor of Kinzinger's resolution.

National security agencies have been monitoring the issue. The FBI and Department of Homeland Security issued a public service announcement in May to warn U.S. medical research organizations of "likely targeting and network compromise by the People's Republican of China (PRC). "The announcement accused China of seeking "valuable intellectual property and public health data through illicit means related to vaccines, treatments and testing." Kinzinger's resolution calls on the Trump administration to implement sanctions in an effort to "punish those responsible and to dissuade others from engaging in the same acts."

https://freebeacon.com/coronavirus/house-dems-reject-resolution-condemning-china-for-coronavirus-cyberattacks/