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Happy Juneteenth! As we commemorate this day in 1865, when the abolition of slavery was announced in Texas––more than two years after the Emancipation Proclamation––a U.S. House committee is holding a hearing on slavery reparations for the first time in a decade. You can expect a Noirnomics recap of the House hearing on Friday. In the meantime, enjoy today's issue and thanks for reading!
QUICK BITES
  • Today at 10 a.m. EST, the U.S. House Judiciary Subcommittee on the Constitution, Civil Rights, and Civil Liberties is holding a hearing on the topic of slavery reparations. Actor Danny Glover and author Ta-Nehisi Coates are testifying. You can livestream the hearing or watch the replay here.
   
  • Facebook is coming for your coins. The company announced yesterday that it will be debuting its own cryptocurrency, Libra, next year. Proponents say that it will help the 1.7 billion people across the world who lack a bank account to be able to buy things and send money with little to no fees. Critics say it's yet another way for the powerful company to achieve global dominationRead more at Techcrunch.
BIZ QUIZ

Black Business History 

Who was the first African American to build a billion dollar company?

(Answer at bottom)
HERITAGE

VIDEO: More Americans Should Know About Juneteenth 

Source: Attn.com
Buy Black Week

Swap-Out the Big Brands for these Awesome Black-Owned Household Products

As National Buy Black Week rolls along, add quality to your cabinets and dollars to our community with these high-quality everyday products.
True Laundry Detergent is a Black- and veteran-owned laundry detergent company that is both powerful and economical. The 4X concentrated detergent requires less soap per wash, allowing you to save more money. It's good for sensitive skin, is not tested on animals, and smells really good! Buy here.
The Honeypot Company offers the first plant-based feminine care system on the market and a wide variety of other high-quality female hygiene products––and it just happens to be Black-owned! It can be purchased in Target, at select Whole Foods stores, and on their website.
FDA-approved and recommended by dentists nationwide, Coral Oral toothbrushes keep your smile sparkling. As the first Black-owned oral hygiene company, each Coral Oral toothbrush features a medium bristle and a sleek black design. Buy here
Clare Paint is the creation of fabulous NYC interior designer Nicole Gibbons. Transform your space with Clare's wide variety of chic colors and painting supplies. And if you're having trouble deciding on a color, Clare's Color Genius tool can help you with that.  Shop here.
Keep your appliances charged and reduce your carbon footprint all at the same time with long-lasting Tubman rechargeable batteries. Each purchase includes 4 AA premium (2600 mAh) rechargeable batteries AND a complimentary charger! Buy here.
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by momi swap™

momi swap™ is Disrupting the Childcare Industry

Speaking of swapping, a new startup empowers moms to save on expensive babysitting costs by swapping childcare with other mothers. momi swap™ is a platform that makes it easy for mothers to find short-term childcare (up to 6 hours per swap) for everything from date night with bae, to work meetings, to self-care time. For a fraction of the cost of hiring a babysitter, moms can have peace of mind knowing that their kids are in the care of other trusted and nurturing mothers. Each mom is only required to care for another mom’s children once a month, and the help provided can range from in-home childcare, to school pick-ups and drop-offs, to an extra set of momi hands at a birthday party.

 

But the mission of momi swap™ is greater than just finding someone to take care of your kids: it’s about creating community. “More than anything, moms need moms and moms trust other moms,” said Founder & CEO, Majidah Muhammad. “We need a support system that allows us to just take a break without having to do everything for everyone.”

 

momi swap™ is quickly becoming that support system. And with the Millennial mom market estimated at $46 billion annually, this startup is one to watch.

BIZ QUIZ ANSWER
Reginald F. Lewis (December 7, 1942 – January 19, 1993) was an American businessman and philanthropist. He was one of the richest African-American men in the 1980s, and the first African American to build a billion-dollar company, Beatrice Foods.

In 1993, Forbes listed Lewis among the 400 richest Americans, with a net worth estimated at $400 million. A Baltimore native, he was known for his tenacious spirit, as outlined in his bestselling memoirs Why Should White Guys Have All the Fun and Keep Going No Matter What. Read more about Lewis and his legacy here.

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