Latest / The Breakfast Club / IShowSpeed at the World Cup, Trump Accounts Go Live, and Tubman Off the Twenty

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IShowSpeed at the World Cup, Trump Accounts Go Live, and Tubman Off the Twenty · The Breakfast Club

• 0:05
  Speaker 1: FIFA is opening a racism investigation after a fan targets
• 0:09
  Speaker 1: YouTube star I show.
• 0:10
  Speaker 2: Speed at the World Cup.
• 0:14
  Speaker 1: A new government savings account for kids officially goes live
• 0:18
  Speaker 1: and millions of dollars are already on the table. Trump
• 0:21
  Speaker 1: accounts are about giving every American child a steake in
• 0:24
  Speaker 1: America's future, and Harriet Tubman will not appear on the
• 0:28
  Speaker 1: twenty dollars bill. The Treasury Department shuts that door again.
• 0:32
  Speaker 2: We started this process in twenty twenty.
• 0:36
  Speaker 1: It's Thursday, July ninth, from the Black Effects Podcast Network.
• 0:40
  Speaker 1: I'm Mimi Brown. This is front page and here are
• 0:44
  Speaker 1: the day's biggest stories.
• 0:45
  Speaker 2: Stay with me.
• 0:50
  Speaker 1: FIFA is investigating after YouTube star I show Speed was
• 0:54
  Speaker 1: allegedly targeted with a racist remark during a World Cup
• 0:57
  Speaker 1: game in Miami. The incident happening during Argentina's win over
• 1:02
  Speaker 1: Cape verdet I show Speed, whose real name is Darren
• 1:06
  Speaker 1: Walkins Junior, was live streaming the match when a fan
• 1:09
  Speaker 1: wearing an Argentina jersey allegedly shouted a racist remark at
• 1:13
  Speaker 1: him in Spanish. According to the live stream, the fan
• 1:17
  Speaker 1: towed Speed to quote go cry at the zoo, praise,
• 1:21
  Speaker 1: widely recognized as a racist slur that's been used to
• 1:24
  Speaker 1: compare black athletes to animals. Speed can be heard turning
• 1:28
  Speaker 1: to the fan and asking what are you saying to me?
• 1:31
  Speaker 1: The clip quickly spread across social media.
• 1:35
  Speaker 2: What are you say? What are you saying? Right? What
• 1:40
  Speaker 2: are you even there?
• 1:42
  Speaker 1: What are you saying? FIFA says it immediately opened an
• 1:48
  Speaker 1: investigation after becoming aware of the incident, adding that racism
• 1:53
  Speaker 1: and discrimination have no place in football or society. So far,
• 1:57
  Speaker 1: FIFA hasn't said whether the fan has been identified or
• 2:00
  Speaker 1: could face punishment, including a stadium ban.
• 2:03
  Speaker 2: I show.
• 2:04
  Speaker 1: Speed has not publicly commented. If you recently had a
• 2:13
  Speaker 1: baby or you're expecting, you may have heard about something
• 2:15
  Speaker 1: called a Trump Account. It's a new investment account created
• 2:19
  Speaker 1: under President Trump's tax and spending law designed to help
• 2:22
  Speaker 1: children build wealth early. Think of it like a starter
• 2:25
  Speaker 1: investment fund, with the federal government putting in the first
• 2:29
  Speaker 1: one thousand dollars for qualifying babies. If you have questions,
• 2:33
  Speaker 1: I'm going to give you the top three things you
• 2:35
  Speaker 1: need to know. First. Who qualifies well children born between
• 2:39
  Speaker 1: January first, twenty twenty five and December thirty first, twenty
• 2:42
  Speaker 1: twenty eight. Who are US citizens that have at least
• 2:45
  Speaker 1: one parent with a Social Security number are eligible for
• 2:49
  Speaker 1: the government's one thousand dollars contribution. Second, how does it work?
• 2:54
  Speaker 1: While the money is invested into the stock market, and parents'
• 2:58
  Speaker 1: family members or even employers can act up to five
• 3:00
  Speaker 1: thousand dollars a year once the child turns eighteen, the
• 3:04
  Speaker 1: money can be used for things like college, job training,
• 3:07
  Speaker 1: starting a business, or buying their first home, although there
• 3:10
  Speaker 1: are rules on how it can be spent without paying
• 3:12
  Speaker 1: taxes and penalties. And Third, why does this matter? While
• 3:16
  Speaker 1: supporters say it's a great way to help Americans build
• 3:19
  Speaker 1: wealth and learn about investing from an early age, research
• 3:23
  Speaker 1: on similar programs suggests children with an investment account are
• 3:26
  Speaker 1: more likely to prepare for college, while parents report higher
• 3:29
  Speaker 1: expectations for their children's future. Critics, however, argue the program
• 3:34
  Speaker 1: could actually widen the wealth gap because wealthier families are
• 3:38
  Speaker 1: more likely to have extra money to contribute, allowing those
• 3:41
  Speaker 1: accounts to grow much faster than families who can't afford
• 3:44
  Speaker 1: anything beyond the government's initial deposit. Bottom line, if you
• 3:49
  Speaker 1: have a baby, though, born between the eligibility window, this
• 3:52
  Speaker 1: is something worth paying attention to. Even small investments can
• 3:56
  Speaker 1: grow over time. Remember when Harriet Tubman was supposed to
• 4:05
  Speaker 1: make history on the twenty dollars bill. Well, now that
• 4:08
  Speaker 1: plan appears to be dead. For years, the Treasury Department
• 4:11
  Speaker 1: had been working on a redesign that would put Tubman,
• 4:14
  Speaker 1: the abolitionists who escaped slavery and help lead others of freedom,
• 4:18
  Speaker 1: on front of the twenty dollars bill, in place of
• 4:21
  Speaker 1: former President Andrew Jackson. That plan started under President Obama
• 4:26
  Speaker 1: back in twenty sixteen. It was originally supposed to roll
• 4:29
  Speaker 1: out in twenty twenty, then got delayed under the first
• 4:32
  Speaker 1: Trump administration, but then revived under the Biden administration. But
• 4:37
  Speaker 1: earlier this year, Congresswoman Joyce Baty pressed Treasury Secretary Scott
• 4:41
  Speaker 1: Besant on the timeline.
• 4:43
  Speaker 2: Sister Secretary, I've asked you, as your predecessor's Democrats or
• 4:47
  Speaker 2: Republican Jack blu a minutionin Janet Yellen and you a
• 4:52
  Speaker 2: year ago about putting Harriet Tubman on the twenty dollar bill.
• 4:56
  Speaker 2: We started this process in twenty two. At that time,
• 5:01
  Speaker 2: Jack lou said it would take four years. I sent
• 5:05
  Speaker 2: you a letter. Do you know what your response was
• 5:08
  Speaker 2: to me? I haven't seen the letter. Ma'am. Well, you
• 5:11
  Speaker 2: answered the letter, so now I was given a chance
• 5:15
  Speaker 2: to help you. You responded to my letter just recently,
• 5:20
  Speaker 2: because you know I drilled you on this, but now
• 5:23
  Speaker 2: you responded to tell me in a few words, it's
• 5:27
  Speaker 2: a complex process. So that's not really an answer. We
• 5:32
  Speaker 2: know it's a complex.
• 5:33
  Speaker 1: Process, and now it seems Bessant may have just answered
• 5:36
  Speaker 1: that question. In an interview with Spectrum News, Bessant was
• 5:40
  Speaker 1: asked if the Treasury Department still plans to put Harriet
• 5:43
  Speaker 1: Tubman on the twenty dollars bill. His answer was not
• 5:47
  Speaker 1: at present. He did not give a new timeline or
• 5:50
  Speaker 1: say when or if the redesign could move forward. So
• 5:54
  Speaker 1: for now, Andrew Jackson stays on the twenty dollars bill
• 5:57
  Speaker 1: and Harriet Tubman's long delayed place on the US currency
• 6:00
  Speaker 1: is once again on hold. That's your front page, I
• 6:06
  Speaker 1: Mimi Brown. This podcast was brought to you by the
• 6:09
  Speaker 1: Black Effect Podcast Network.