100^th Anniversary of the Tulsa Massacre

Next weekend marks the 100^th anniversary of the destruction of Tulsa. Morning Brew takes a look at “Black Wall Street” today, 100 years later, with a series of five excellent articles. (List titles)

• Black Investors Trade Their Way Through the Pandemic
• In Finance, 'People of Color are Shut Out Before They Ever Get In'
• Why Banking With Greenwood Is About More Than the Money
• 8 Charts that Explore Racial Disparities in the Banking Industry
• Pale, Yale, and Male No More: Wall Street Rethinks Recruiting

Investing

• Not to miss out on an opportunity, Fidelity now has teen investment accounts. Not only do they offer a way for teens to invest, they automatically convert from custodial accounts when the teen turns 18, feeding the pipeline for future investors. (AP)
• The Los Angeles Times takes a look at all the crazy investing stories of this year, and reflects on how we will look back on them in the future.
• Robinhood announced it will give retail investors access to IPO shares. (CNBC) 

Cryptocurrency

• Cryptocurrency was prominent in the news this week, and not in a good way. NPR discusses the plunging values, and the NY Post discusses the Fed and Treasury’s signals on cracking down and introducing some regulation in this market. 
• To see the bitcoin drop relative to past slumps, check out this graphic from Visual Capitalist.

Economics

• The latest on jobless claims (another pandemic low last week) and current count of states stopping supplemental unemployment benefits. (AP News)
• Neil Irwin provides an excellent explanation of the distinct types of inflation and how they may or may not impact longer-term price trends in this UPSHOT article.
• Here is a great example of the forces of supply and demand: the production of hand sanitizer. (WSJ)
• This is a longer read from the NYT on the uneven impact of the pandemic, stimulus efforts, and recovery.

Banking

• What does GenZ think about banks and how they manage money? (Financial Brand)

Higher Education

• Private colleges discounted prices an average of 53.9% for 2020-21’s incoming freshmen. Will this unprecedented discounting continue? (Inside Higher Ed)
• The University of California system will no longer require SAT or ACT scores. (NYT)(CNN)

About the Author

Beth Tallman

Beth Tallman entered the working world armed with an MBA in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducts student workshops, and develops finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.