Tag: Global

Private Equity’s Greed Is Catching Up: Why Ordinary Americans Will Pay the Price

Posted on by Nkozi Knight

April 30, 2025 • By NKOZI KNIGHT

Many of us do not realize that private equity firms has always been about extraction, not creation. The model is simple. Borrow heavily, buy a company, slash jobs and benefits, sell off assets, and walk away with fees long before the damage shows. Communities are left with shuttered stores, abandoned buildings, bankrupt chains, and broken promises.

The list of casualties is long. Toys “R” Us was loaded with more than $5 billion dollars in debt by Bain Capital and KKR before it collapsed, taking 30,000 jobs with it. Payless ShoeSource closed its doors, erasing 18,000 jobs. J. Crew, Gymboree, Shopko, Forever 21, and Sears each followed the same path. Behind nearly every failure was a private equity deal that turned once-profitable companies into vehicles for debt. Blackstone, the largest of them all, drew criticism for gutting nursing homes and rental housing, where residents and tenants bore the consequences. Carlyle, Apollo, and Sycamore Partners engineered deals that enriched executives while leaving behind bankruptcies across retail, energy, and health care.

The damage has never been limited to debt. Private equity firms extract billions in fees on top of what they load onto companies. They sell the land and buildings, forcing the very businesses they own to pay rent back to them. In franchise models, they skim off royalty payments while cutting services and staff. They charge management fees to companies they already control, ensuring that even if a business fails, the firm still profits. These practices are not side effects. They are the business model.

For years the system ran on cheap money. With interest rates near zero, debt was abundant and investors were eager. Firms could buy, bleed, and flip companies in two or three years. That era is gone. Interest rates now sit above five percent. Debt costs more, buyers are scarce, and the IPO market has dried up. Firms are stuck holding companies that are drowning under the very leverage designed to enrich their owners.

The numbers are staggering. Nearly $12 trillion dollars in private equity assets now sit unsold. Exit activity has collapsed more than 70 percent since 2021. To raise cash, firms are borrowing against their own portfolios with NAV loans or dumping stakes at steep discounts on the secondary market. Even the giants like Blackstone, KKR, Apollo, Carlyle, Bain are stuck with bad debt no one wants. They cannot sell, yet their investors are demanding cash.

The quiet truth is that these firms are already maneuvering for Washington’s help. During the 2008 financial crisis, banks and insurers were rescued with taxpayer dollars. Private equity, which profited handsomely off that same collapse, is positioning itself for similar treatment.

This is not just an elite problem. It is a national one. When private equity runs out of road, it is not the billionaire partners who suffer. It is the workers whose jobs are cut, the retirees whose pensions cannot meet obligations, the students whose tuition rises because endowments cannot keep pace, and the taxpayers who are asked to backstop the system.

The parallels to 2008 are frightening. Then it was mortgage backed securities. Now it is unsellable companies and illiquid funds. In 2008, families lost homes and jobs while Wall Street was saved. Today the scale is even larger. With trillions in assets frozen, the next bailout could dwarf the last one.

Meanwhile, private equity’s destruction also extends into America’s hospitals and nursing homes and people are paying with their lives. Studies show that Medicare patients undergoing emergency surgeries in private equity–owned hospitals are 42 percent more likely to die within 30 days compared to those treated in community hospitals . A nationwide study found infections, falls, and other preventable adverse events increased following private equity takeovers of hospitals . Even the U.S. Department of Health and Human Services condemned the impact, warning that private equity ownership of nursing homes led to an 11 percent increase in patient deaths .

Recent reporting shows the financial calculus behind these tragedies. Nursing home operators in New York’s Capital Region diverted Medicare and Medicaid funds through inflated rent and bogus salaries. That left facilities chronically understaffed and suffering neglect so severe that it led to cases of serious injury and death .

By turning hospitals and nursing homes into profit centers rather than care centers, private equity firms aren’t just bankrupting businesses, they are literally killing people. And when that business model collapses, it will be everyday Americans who pay the cost once again.

The message is not subtle. If private equity’s gamble fails, the richest players will once again be saved. For ordinary Americans, the reckoning will look like it always does. Lost jobs. Higher taxes. Vanishing pensions. Rising tuition. And another generation paying for someone else’s greed.

This is the American cycle. The profits are privatized, the losses are socialized, and working families are forced to carry the cost.

The Private Equity Trap: How Harvard, Yale, and Princeton Got Caught in a Liquidity Crisis

Posted on by Nkozi Knight

For decades, private equity was the hottest corner of finance. The model was simple. Buy a company, cut costs, load it with debt and fees, polish the books, and sell it again within two to three years for a hefty profit. It was called the “flip,” and it made fortunes for firms like Blackstone, KKR, and Carlyle. Endowments and pensions rushed to get a piece of it.

That model is now broken.

The exits that once came fast and lucrative have slowed to a crawl. A world of near-zero interest rates is gone. Debt that once financed buyouts at minimal cost now comes with punishing interest, squeezing margins and stretching holding periods. Instead of flipping companies in two years, funds are sitting on assets for six, seven, even ten years. The portfolio backlog is staggering: more than $12 trillion worth of private equity assets sit unsold worldwide.

And at the center of this crisis are the universities that built their wealth on the promise of private equity. Harvard, Yale, and Princeton reshaped modern investing by betting heavily on illiquid alternatives. They now face the consequences of that bet.

The Death of the Flip

The two-year turnaround was never sustainable, but for a time it worked. Cheap debt fueled endless rounds of leveraged buyouts, where firms borrowed heavily, stripped assets, cut staff, and pushed companies back to market at inflated valuations.

But the cycle depended on two things: cheap money and eager buyers. Both have disappeared. The Federal Reserve’s rate hikes have doubled and tripled the cost of debt financing. Buyers are cautious, corporate balance sheets are tighter, and the IPO window remains largely shut.

Exit activity tells the story. In 2021, private equity firms sold $840 billion worth of companies. By 2023, that figure had collapsed to $234 billion, a drop of 72 percent. Even with a partial rebound in 2024 to $468 billion, exits are far too low to clear the backlog. Funds are holding twice as many assets as they did in 2019, but are selling them at the same pace as five years ago.

Without exits, distributions to investors dry up. Endowments that expected cash back to fund university budgets are left waiting.

Interest Rates as the Choke Point

Private equity’s entire model is built on leverage. A firm that buys a company for $10 billion may finance $7 billion of that price with debt, leaving just $3 billion of investor equity. If interest rates are low, debt is cheap, and any improvement in the business magnifies returns.

But with rates at five percent or higher, the math no longer works. Debt service eats into earnings. Refinancing becomes expensive or impossible. Companies bought at lofty valuations in 2020 and 2021 are now struggling to cover interest costs, let alone generate attractive profits for resale.

For the funds that hold them, paper valuations remain high, but real buyers demand discounts. That gap between reported NAV and market reality is another reason sales have slowed.

The Mechanics of Desperation

To keep investors from revolting, firms have engineered liquidity out of thin air. NAV loans lines of credit secured by the assets in a fund allow managers to borrow cash and hand it back to investors as if it were a distribution. Continuation funds where a firm sells a portfolio company from one of its funds into another fund it also controls in effect creates the illusion of an exit, while extending the holding period indefinitely.

On the investor side, endowments and pensions have turned to the secondary market, selling their stakes in private equity funds to buyers willing to take them at a discount. In 2024, secondary volume hit a record $155 billion. Harvard sold $1 billion worth of fund stakes. Yale is preparing to sell as much as $6 billion. The New York City pension system sold $5 billion. Buyers snapped them up at 10 to 15 percent discounts to stated value. For venture portfolios, the discounts were as steep as 50 percent.

These maneuvers do not solve the problem. They buy time. The only true fix is exits with real sales, IPOs, or recapitalizations and the industry is years away from clearing the overhang.

Case Studies: The Ivy League Squeeze

Harvard has a $53 billion endowment, the largest in the world. Nearly 40 percent of it is tied up in private equity. In April 2025, Harvard moved to sell $1 billion of those stakes through Jefferies, while simultaneously planning to issue $750 million in bonds. The official explanation is liquidity management, not distress. But the resemblance to 2008, when Harvard was forced to borrow billions to cover private equity calls, is unmistakable.

Yale built the “Yale model,” with nearly half of its $41 billion endowment allocated to private assets. For years, this made Yale the envy of institutional investors. But in 2024, Yale returned just 5.7 percent, compared to 13.5 percent for a basic stock-bond index. Now it is exploring a $6 billion secondary sale, nearly 15 percent of its endowment. The sale is not about strategy. It is about cash.

Princeton has a smaller endowment, about $35 billion, but the same exposure. Its longtime CIO Andrew Golden called 2023 the worst liquidity environment he had ever seen. Princeton raised $1.4 billion in bonds to shore up its balance sheet. Like Harvard and Yale, it insists the strategy is intact. But the reality is that illiquidity has become a liability.

Why This Matters to Everyday Americans

It is tempting to see this as an elite problem, billion dollar universities mismanaging their fortune. But it is not.

Endowments fund scholarships, financial aid, and core research. If Harvard or Yale faces a liquidity squeeze, it means fewer students receive aid. It means tuition rises to fill the gap. It means labs lose funding and staff lose jobs. What begins as a crisis in private equity becomes a crisis for students and families.

The same holds true in pensions. State retirement systems have billions tied up in private equity. When distributions dry up, they cannot meet obligations to retirees. That shortfall has to be covered by raising taxes, cutting benefits, or, in the worst case, turning to the federal government for relief. For millions of working and middle class Americans, this is not abstract. It is their retirement on the line.

The parallels to 2008 are chilling. Then, it was mortgage backed securities that turned toxic. Homeowners defaulted, banks failed, and Washington rushed in with taxpayer bailouts. Families lost houses, jobs, and savings, while Wall Street was rescued. Today, the scale is even larger. With twelve trillion dollars in unsold assets stuck on private equity books, the next bailout could dwarf 2008.

Imagine the politics of that moment. A populist like Donald Trump could frame it as Ivy League elites and Wall Street executives begging for lifelines while ordinary Americans pay the price. But the structural interdependence is real. If endowments and pensions buckle, the pressure on Washington to intervene may be irresistible. The federal government does not have the fiscal room to absorb another trillion dollar rescue, yet that may be exactly what is asked of it.

The burden would not fall on universities or private equity firms alone. It would fall on taxpayers, on students already struggling with debt, on workers who depend on pensions, on families already squeezed by inflation and high borrowing costs. In short, it would fall on the very people who had no hand in creating the mess.

Private equity sold itself as the smartest bet of modern finance. But the two year flip is dead, interest rates have choked the model, and endowments that once trusted in illiquidity now find themselves trapped. For everyday Americans, the lesson is as clear as it was in 2008: when the smartest people in the room gamble with other people’s money and lose, it is everyone else who ends up paying the price.

Ironheart and the Betrayal of Storytelling

Posted on by Nkozi Knight

Riri Williams, Ironheart, stands beside her armor modeled after Iron Man, a symbol of the genius and potential that Marvel’s adaptation failed to honor.

When Marvel introduced Riri Williams in Black Panther: Wakanda Forever, she felt like a revelation. A young Black genius, bold and quick-witted, standing confidently beside Shuri and Wakanda’s leaders, she radiated promise. Audiences believed she was destined to inherit the mantle of brilliance that Tony Stark left behind.

The Disney Plus series Ironheart undid all of that. Rather than elevating Riri’s genius, the show stripped her down and leaned on clichés. Instead of building an earned character arc, Marvel forced one, and when audiences rejected it, Disney did not admit the problem was storytelling. It turned on its own fans, deflecting fair criticism as misogyny or racism. That response only deepened the sense of betrayal.

What made Ironheart sting was not representation but its absence of authentic narrative. Riri’s journey was reactive rather than inventive, her brilliance muted to the point where she seemed less capable than in Black Panther 2. Her supporting cast was too thin to provide depth, leaving Dominique Thorne to carry scenes without the balance that seasoned actors could have offered. This was the opposite of what Marvel did with Tom Holland’s Spider-Man, where young talent was elevated by veterans like Robert Downey Jr. and Michael Keaton. In Ironheart, there was no gravitas to steady her.

The most glaring missed opportunity was the arc itself. In the comics, Riri is mentored by Tony Stark’s AI, a natural continuation of Iron Man’s legacy and a relationship that challenges her intellect. That arc was abandoned in favor of an AI woman who felt more like a nagging caricature than a mentor. It was meant to look progressive, but it flattened Riri even further. Instead of sharpening her genius through real tests, the show reduced her to tropes and sidelined the one connection that could have tethered her to Marvel’s larger story.

What took its place was a parade of stereotypes. The single mother household. The absent father. The drive-by shooting that killed her stepfather. Drugs and street crime. Poverty. Black and Latino men both hyperviolent and emasculated. Struggle as the entire identity. These were not fresh interpretations of culture. They were shortcut stereotype boxes checked by writers who did not seem to understand the communities they were trying to represent.

Audiences are tired of this. They want aspiration and intelligence, not clichés. The success of Black Panther proved that. That film grossed more than $1.3 billion worldwide because it was rooted in authenticity and celebrated Black excellence. It trusted viewers to embrace complexity. Ironheart, by contrast, felt like it was written on autopilot, with representation treated as the main plot line coupled with bad writing.

The reception told the story. Ironheart failed to enter the top ten streaming shows at launch, averaging fewer than 90 million minutes per episode. Nielsen reported just 526 million minutes viewed in its debut week a fraction of Marvel’s earlier dominance. Viewers who began often did not finish. Critics offered cautious praise, but audiences were blunt. Rotten Tomatoes’ audience score fell into the mid-50s. IMDb scored it a dismal 3.7 out of 10. By every measure, this was the weakest Marvel Studios project to date.

Instead of listening, Disney dismissed its fans. Criticism was waved away as misogyny or racism. But this is dishonest. Marvel fans embraced Black Panther, Into the Spider-Verse, and Miles Morales because those stories were intelligent and authentic. They reject Ironheart because it was shallow. Viewers are not bigoted for noticing lazy storytelling. They are discerning enough to know when a studio has lost its way.

Riri Williams deserved better. She deserved a story that celebrated her genius and connected her to Iron Man’s legacy in a way that felt earned. She deserved writing that matched the promise we glimpsed in Wakanda. What we got instead was a hollow series that leaned on stereotypes, dulled its lead, and insulted its audience.

Marvel once thrived because it told stories with depth and intelligence, trusting its fans to embrace complexity. Ironheart showed what happens when that trust is broken. We are not rejecting representation. We are rejecting lazy representation. If Disney refuses to admit that the real problem is storytelling, it will not just be one show that fails. It will be the entire brand.

Disney did not fail Riri Williams. It failed to believe her brilliance was enough.

While You’re Watching Game 7 of the NBA Finals, We’re Being Sold Out Piece by Piece

Posted on by Nkozi Knight

We’re not watching a dramatic fall of America. There are no breaking news alerts about the end. No explosions in the streets. No economic sirens.

But make no mistake….something terrible is happening.

Piece by piece, decision by decision, we are being sold out. Our labor, our taxes, our future, it is all being extracted. And while it happens, we are told to look the other way while letting AI take many of our jobs.

Watch the game. Scroll the feed. Place a bet. Argue online about culture wars that do not affect your rent, your hospital bill, or your ability to afford groceries.

Meanwhile, the money keeps flowing. Out of your paycheck. Out of your neighborhood. Out of this country. Straight into the hands of foreign governments, defense contractors, and elite interests.

This is not the dramatic fall of a nation. It is a transfer of wealth, security, and stability away from ordinary Americans and toward a system that was never built to serve us. It is a system that acts globally, extracts locally, and survives only as long as we do not look directly at it.

You can call it a government. You can call it a machine. But what it really functions as is an empire. And the longer we ignore it, the more it takes.

The Cost of That Empire Is Being Paid in Evictions and Empty Refrigerators

While your tax dollars are used to fund missile systems in Israel, people across the United States are struggling just to keep a roof over their heads. Since 2020, the median price of a home has risen by more than 40 percent. Interest rates have climbed above 7 percent, making homeownership unreachable for millions (National Association of Realtors, 2024).

At the same time, Americans like myself, carry over $1.7 trillion in student loan debt. Medical bankruptcies remain the most common form of personal financial ruin. A premature baby that has to stay in a neonatal intensive care unit for over a month can cost well over a million dollars. On top of that, more than half of the country cannot afford an unexpected five hundred dollar emergency.

And yet, every year, tens of billions of dollars are approved for foreign aid without hesitation.

Israel receives more U.S. taxpayer money than any other nation on Earth. Since 1948, it has received over 300 billion dollars in aid, including nearly 4 billion annually in guaranteed military funding (Congressional Research Service, 2023).

That money has helped fund a public healthcare system, subsidized childcare, and modern infrastructure. Israel’s students have new schools. Their citizens have access to doctors without going bankrupt.

Meanwhile, in American cities, teachers work second jobs. Classrooms go without books. People drive across state lines to afford prescriptions. And in cities like Flint, Michigan and Jackson, Mississippi, families still live without safe drinking water.

This is not about scarcity. It is about priorities.

An Economy Built to Keep Us Consuming

We are told that the economy is doing well. But it only looks strong on paper because we are constantly spending to survive.

Wages have remained flat for decades, while the cost of everything else has gone up. Food, gas, housing, tuition, and insurance have all exploded. But instead of fixing the system, the solution we are offered is more debt.

–Buy now, pay later.

–Zero percent financing.

–Monthly subscriptions for everything, even the essentials.

Our economy runs on credit cards and desperation.

We are not building wealth. We are surviving one paycheck at a time, and no one is willing to admit it.

And when that stress becomes too much, we are handed another solution, a distraction. Sometimes it’s a RICO case of a famous celebrity, other times it’s the United States bombing an empty nuclear facility in Iran, and other times it’s something as simple as sports and sports betting.

There is always something to pull our focus. Sports betting is now a multi-billion dollar industry thanks to ESPN, Draft Kings, Prize Picks, and MGM Sports betting. On television, sex-laden reality shows dominate prime time and paid subscriptions. Viral celebrity drama trends daily. Meanwhile, airstrikes in Gaza or explosions in Tehran are buried beneath all this noise but we pay for all of it.

None of this is random. It is a carefully designed system.

We Fund a Better Life for Others While We Are Told to Settle for Less

The average American is constantly being told to sacrifice.

Tighten your belt.

Use credit.

Be patient.

Inflation is temporary.

Work harder.

But there is no austerity when it comes to military aid.

There is always money for war. There is always money for foreign governments. There is always money to rebuild somewhere else in a land most have never been, but there is nothing for Maui, East Palestine, Flint, New Orleans, and many other cities in America.

Since 1948, Israel has received over 300 billion dollars in U.S. assistance (Reuters, 2024). That money has helped create one of the best publicly funded healthcare and education systems in the world—for a country with fewer people than New York City.

In America, we have veterans sleeping on the street in every major city.

We have kids learning from worksheets because their school cannot afford books.

We have families rationing insulin and choosing between medication and rent.

This is not just a funding issue. It is a values issue.

We are paying for the stability of others while our own communities are crumbling.

They Keep Us Distracted So We Do Not See It

Every time the conversation gets too close to real issues, the distractions flood in.

The headlines suddenly shift, and Operation Mockingbird goes full tilt. The scandals erupt more salacious than the prior one. The outrage machine gets turns on, and Americans are pinned against each other.

We are told to obsess over celebrities, argue over culture wars, and follow political soap operas like they are sports teams.

This is not a coincidence. It is the only way this corrupt system survives.

Because if we stop fighting each other, we might start asking the real questions.

Where is the money going?

Why can’t we afford basic services while funding foreign militaries?

Why is our economy built on debt and distraction?

And who exactly is benefiting from all of this since it’s not US?

This Is Not Incompetence. It Is a Strategy.

The truth is that the United States has all the resources it needs to take care of its people….if it wanted to.

But we do not. Not because we can’t. But because we are not supposed to.

We are expected to work, consume, and remain distracted.

We are expected to stay tired, stay anxious, and stay divided.

And we are expected to believe that any attempt to change the system is unrealistic, unpatriotic, or impossible.

But the truth is, the system is not broken. It is functioning exactly as designed.

It is designed to take.

It is designed to distract.

And it is designed to leave us wondering why we are doing everything right and still falling behind.

Can You Relate

If you are working harder than ever but getting nowhere, you are not alone.

If you are wondering why another country has healthcare and you cannot afford a routine checkup, you are asking the right question.

If you are tired of being told that sacrifice is patriotic while billionaires and foreign allies get blank checks, then maybe it is time we stop playing along.

They do not fear Iran. They do not fear China. They do not fear Russia.

What they fear is that you will start paying attention.

Because the moment we stop watching the show and start watching the system, the game is over.

Sources

National Association of Realtors. (2024). Median home price trends

Congressional Research Service. (2023). U.S. Foreign Aid to Israel

Reuters. (2024). Israel aid totals and annual packages

CNBC. (2023). 80 percent of Americans live paycheck to paycheck

Cato Institute. (2021). U.S. Military Footprint: 750 bases in 80 countries

Al Jazeera. (2021). U.S. global base presence overview

This Was Never About Democracy

Posted on by Nkozi Knight


Joint Chiefs Chairman Gen. Dan Caine speaks during a news conference at the Pentagon in Washington on Sunday, June 22, 2025, following U.S. airstrikes on three sites in Iran. The strikes mark the first direct American military involvement in support of Israel’s effort to dismantle Iran. (AP Photo/Alex Brandon)

By a Former SFO

On June 22, 2025, the United States launched Operation Midnight Hammer, a precision airstrike that hit three of Iran’s most fortified nuclear sites. The Pentagon claimed it wasn’t about regime change. But if you’ve been paying attention or like myself, you’ve worn the uniform and carried out the missions, you know that’s not true.

To the people of the world watching this unfold, wondering how we got here again, let me say what many in Washington won’t: This was never about democracy. It never is.

I’ve served in these wars. I’ve seen the playbook up close. And behind every “freedom mission,” there’s always a pipeline, a port, or a profit margin.

In Iraq, we were told we were bringing liberation. But we were guarding oil infrastructure while the country collapsed around us. Iraq has the fifth-largest oil reserves on Earth. Libya, before we shattered it, had Africa’s largest. Syria resists U.S. control and sits on key energy corridors. Yemen’s coast controls one of the most strategic oil shipping lanes in the world, known as the Bab al-Mandab Strait.

These aren’t wars for freedom. These are wars for access and control.

And it all ties back to the petrodollar. The U.S. dollar isn’t backed by gold, it’s backed by the global oil trade. When leaders challenge that system, they get taken out. Saddam Hussein tried to sell oil in euros. Gaddafi pushed for a gold-backed African currency. Both were removed, their countries reduced to chaos. Now Iran, Russia, and the expanded BRICS alliance are making the same moves trying to exit the dollar system. So now Iran is being bombed under the guise of “security.”

Let’s call this what it is: empire maintenance.

Destabilizing nations isn’t a failure, it’s the primary objective. Break countries that resist. Keep them weak. Prevent alliances with Russia, China, or anyone else outside the U.S. sphere. It’s an old playbook. Divide, conquer, install puppets. If that doesn’t work, create chaos and pretend we’re the firefighters, not the arsonists.

And don’t forget the profit. Every bomb dropped, every drone launched, every military base built feeds the defense industry. Raytheon, Lockheed Martin, Boeing, these are just a few of the real winners of every war we provoke. I saw it firsthand. I watched billion-dollar contracts handed out while our equipment in the field broke down or was left. This isn’t about patriotism. It’s a business. And business is booming no matter who the president of the United States is.

That’s why the war never ends. Permanent conflict justifies mass surveillance, not just on them but on us. It keeps over 800 U.S. military bases running. It feeds a trillion-dollar defense budget. And it keeps the American people afraid and numb, just afraid enough to keep asking for more bombs, more boots, more lies.

Now, Israel has struck first. The U.S. followed. And the war machine rolls on now pointed squarely at Iran.

This didn’t start yesterday. Back in 2007, General Wesley Clark said the Pentagon had a classified plan to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran. Every name on that list has since been destabilized, overthrown, or bombed. Iran was the last one.

And if you’re wondering who’s next, just look at who’s resisting the dollar, blocking Western influence, or nationalizing their resources. Venezuela has already been targeted. Somalia, Niger, and others are in the crosshairs and not because they’re threats to peace, but because they’re threats to profit.

The cost? It’s not counted in defense budgets or quarterly earnings. It’s measured in bodies. In families torn apart. In children growing up under drones and rubble. In the rise of terrorist groups born out of the vacuums we leave behind. In entire generations who now associate “democracy” not with hope, but with fire raining from the sky.

“They hate us for our freedoms” was never true. They hate what we do. They hate what we destroy.

I believed the mission once. But now I see what it really was.

Regime change was never about freedom. It was always about control. About money. About fear.

And until we admit that the wars will never stop.

Beneath the Clothes We Donate: How America’s Fast Fashion Addiction is lDrowning Ghana

Posted on by Nkozi Knight

By Nkozi Knight


A young boy stands amid mountains of discarded clothing and plastic waste on Ghana’s Chorkor Beach

Accra, Ghana –

The beaches of Ghana should be sanctuaries. Places where waves kiss the sand and children play in peace. But on the shores of Chorkor Beach, the tide doesn’t bring seashells. It brings sweaters from Shein, leggings from Lululemon, and Target tees soaked in salt and filth.

Week after week, a deluge of secondhand clothing arrives in Ghana from the United States, the United Kingdom, and other industrialized nations. Billed as “donations,” these shipments are not gifts. They are refuse. They are the castoffs of a culture addicted to overconsumption and numbed to consequence.

Ghana receives roughly 15 million garments a week, much of it dumped by consumers who believe they’re “doing good” by donating to local bins outside of Walmart or church parking lots. In reality, 40 percent of these clothes are unusable trash, exported to West Africa in bulk and eventually dumped, burned, or strewn across the coastline. Kantamanto Market in Accra, once a center of textile trade and reuse, has become overwhelmed and swamped by low-quality fast fashion designed to fall apart before its first wash.

“We are drowning in your clothing,” said a local vendor in a recent BBC Africa Eye documentary. “These aren’t donations. They are poison.”

This isn’t hyperbole. Synthetic fabrics, often polyester, don’t biodegrade. They clog drains, suffocate marine life, and release microplastics into the ecosystem. Some are so contaminated with dyes and industrial chemicals that simply burning them chokes nearby residents. Because Western brands outsource both the problem and the blame, few Americans ever witness the wreckage.

The Cult of the New

American corporations drive this destruction through a business model of planned obsolescence and psychological manipulation. Fast fashion giants like Shein, Fashion Nova, Boohoo, and H&M churn out hundreds of new styles weekly. And we buy them. On impulse. To feel something. To impress no one. To post once on social media and then forget.

A 2023 Vogue Business investigation reported that the average American throws away 81 pounds of clothing per year. That’s nearly 13 billion pounds of textile waste, most of which is either burned or exported. Out of sight. Out of mind.

The 2024 HBO documentary Brandy Hellville and the Cult of Fast Fashion peeled back the curtain on this global racket, revealing how corporations knowingly flood developing nations with clothing that cannot be sold, recycled, or reused. These companies profit from both ends of the pipeline, selling cheap clothes and then writing off their “donations” for tax breaks.

But in Ghana, the beaches tell the truth. Children walk barefoot through piles of wet fabric. Fishermen cast their nets into waters tangled with discarded bras and sweaters. Clothes meant for dignity now strip the land of its own.

Stop Pretending It’s Helping

The problem is systemic, but it starts at home.

Donating clothes in bins is not inherently virtuous. In fact, it’s part of the illusion. The vast majority of those clothes don’t go to shelters or local families. They are sold in bulk to global brokers who profit off Africa’s environmental misery.

We are not helping. We are offloading guilt.

The solution cannot be just more donation or wishful recycling. It begins with consuming less. Buy intentionally. Wear things longer. Mend. Repurpose. Swap. Or better yet, just don’t buy unless you need to. The world doesn’t need another $9 tee you’ll forget in a week.

And for the clothes that have truly reached their end? Perhaps it’s time to explore municipal incineration, compostable textiles, or clothing deposit programs where manufacturers are held financially responsible for their waste. We regulate plastic straws more than we regulate stores like Forever 21, H&M, and Walmart.

A Final Reckoning

Americans, if we do not change, beaches like Chorkor will disappear, buried under the weight of our vanity and excess. What once were coastal communities tied to fishing, family, and resilience are now becoming textile graveyards. The soil is dying. The water is choking. The air burns with the fumes of our unwanted clothes that takes 200 years to naturally decompose.

This is no longer just about fashion. It’s about justice.

Because let’s be honest: we know who’s responsible.

The responsible parties include: Shein, H&M, Zara, Forever 21, Fashion Nova, Boohoo, PrettyLittleThing, Temu, Target, Walmart, Old Navy, Uniqlo, Gap, Amazon’s in-house brands, and countless Instagram and Tik Tok shops. These corporations flood the global market with billions of garments each year. Their business model thrives on overproduction, cheap labor, and psychological manipulation. They manufacture the illusion of need. They sell you a fantasy of trendiness and self-expression at the cost of someone else’s environment and dignity.

And we, the consumers, buy in. Often literally.

Every impulse buy, every “haul” video, every $5 tee or $10 dress contributes to a planetary cycle of destruction. We wear it once, toss it in a bin, and tell ourselves we did something good by “donating.” But we’re not recycling. We’re relocating the problem. Our discarded clothes are not going to those in need. They’re going to countries like Ghana, Kenya, Chile, and Haiti, nations without the infrastructure to process the sheer volume of waste we produce.

Because the truth is: your closet might be clean, but someone else is paying the price for it.

And they’re paying with their soil, their seas, and their breath.

We need a global reckoning. Not just with corporations, but with ourselves.

Buy less. Buy better. Demand accountability. Push for laws that make brands responsible for the full life cycle of their products.

Until we stop treating clothing as disposable, we will continue to treat people the same way.

Boys play in the sea diving off a pile of clothing found washed up on the beach at Jamestown, Accra(Image: Adam Gerrard / Daily Mirror

For a video documentary, watch:

Ghana: Fast fashion dumping dumping ground

Further Reading and Resources:

Greenpeace Report: Fast Fashion, Slow Poison

HBO Documentary: Brandy Hellville & The Cult of Fast Fashion

AP News Article: Fast fashion waste is polluting Africa

The Guardian: Where does the UK’s fast fashion end up?

BlackRock Doesn’t Just Own Tech. It Owns Your Future.

Posted on by Nkozi Knight

BlackRock doesn’t just own parts of Apple, Microsoft, and Amazon. It owns your food supply. It owns farmland. It owns water infrastructure. And through those investments, it owns a growing stake in the future of human survival itself.

What began in 1988 as a modest Wall Street firm built on risk management is now the largest asset manager in human history. BlackRock controls over $11 trillion , which is larger than the GDP of every country in the world except the United States and China.

But what most people still don’t realize is that BlackRock’s most important power grab didn’t happen on Wall Street. It happened quietly, across America’s farmland, its food systems, and its natural resources.

How Did We Get Here?

BlackRock’s expansion strategy was never about flashy takeovers. It was about ownership without attention. They don’t need to buy entire companies when they can buy enough shares to influence them all.

Through complex index funds and ETFs (Exchange-Traded Funds), BlackRock has quietly become a top shareholder in nearly every major corporation in America. Coca-Cola. PepsiCo. Kraft Heinz. Nestlé. Tyson Foods. Monsanto-Bayer. Even the companies that compete with each other are often owned by the same hand, BlackRock.

That includes food production, packaging, seeds, fertilizers, pesticides, farmland, water rights, grocery store chains, and agribusiness suppliers.

It is a spider web so vast that very few industries operate outside of its reach.

Farmland: The New Oil

In recent years, farmland has quietly become one of the hottest investments among America’s wealthiest. But few players have been as aggressive as BlackRock and its peers like Vanguard and State Street.

Why Farmland you may ask?

Simple. Land produces food, controls water access, and holds its value against inflation. In a world of uncertainty, farmland is power.

BlackRock has invested in farmland directly and indirectly through real estate investment trusts (REITs) like Farmland Partners and Gladstone Land Corporation. In some regions, institutional investors now own an estimated 30-50% of all available farmland.

For local farmers like Paul Rettler, this creates an impossible game that no one can win. Competing against trillion-dollar firms backed by infinite capital means the consolidation of agriculture isn’t slowing down, rather it’s accelerating.

The ESG Illusion

Much of BlackRock’s public messaging has centered around ESG, which stands for: Environmental, Social, and Governance investing , a framework designed to steer money toward sustainable and ethical practices.

But behind the marketing, ESG has often allowed BlackRock to reshape industries while still investing heavily in the very corporations most responsible for environmental harm.

Larry Fink, BlackRock’s billionaire CEO, has framed ESG as both a moral obligation and a business necessity. Yet BlackRock remains one of the largest shareholders in fossil fuel giants, industrial agriculture companies, and food manufacturers responsible for deforestation and soil degradation.

As environmental groups have pointed out daily, BlackRock has the ability to change the food system overnight. But profit almost always wins over principle and we have seen this outcome time and time again.

So What Does BlackRock Want?

It’s simple: Control. Influence. Permanence.

The more essential needs a company controls such as food, water, housing, energy, the less it matters who holds political office. Ownership is the real power.

When a handful of corporations control the basic elements of survival, the public becomes renters of everything, including their health, their homes, and their future.

This is the world being built right in front of us.

Water rights in California. Farmland in the Midwest. Global seed patents. Packaging monopolies. Shipping routes. Grocery store chains. Pharmaceutical partnerships. Tech platforms controlling communication.

This is not just about selling products.

This is about owning life itself.

So what can everyday people do?

Waiting for a politician to fix this system is like waiting for a thief to return what they stole. It is not going to happen.

But the answer is not fear. The answer is awareness. The answer is action.

It starts with taking back control wherever you can.

Buy from local farmers when possible. Grow your own food even if it is just herbs in your kitchen window. Filter your water. Cook your own meals. Learn how to read ingredient labels. Support local businesses over corporations when you can.

Most importantly, do your own research. Step outside of Google, mainstream media, and the same recycled talking points coming from media companies owned by the very corporations profiting from your confusion.

Seek independent sources. Read books. Listen to people on the ground, not just those in boardrooms. Question convenience when it comes at the cost of your health.

Learn how to be less dependent on the systems designed to keep you dependent.

Because at this point, we cannot wait for RFK. We cannot wait for politicians. We cannot wait for the same people who helped build this system to suddenly tear it down.

We have to start building something different starting in our homes, in our families, in our communities.

Not because it is trendy.

But because survival has always belonged to the people willing to think for themselves, take responsibility for their lives, and protect their future by any means necessary.

Donald Trump’s $500 Billion Stargate AI Project: Bold Innovation or Dangerous Gamble?

Posted on by Nkozi Knight

When President Donald Trump unveiled the $500 billion Stargate AI venture on Tuesday, a partnership involving OpenAI, SoftBank, and Oracle, he touted it as a groundbreaking step toward cementing U.S. dominance in artificial intelligence. Trump claimed the project would ensure “the future of technology” while creating hundreds of thousands of jobs and tackling issues like cancer detection. Wall Street initially responded with cautious optimism, but as the details of Stargate emerge, skepticism is mounting, and for good reason in my opinion.

A Bold Promise Without a Foundation

At first glance, Stargate appears ambitious, even transformative. Backed by OpenAI’s cutting-edge technology, SoftBank’s financial clout, and Oracle’s infrastructure expertise, the venture has been pitched as a game-changer for AI research and development. Yet, serious doubts are surfacing about its feasibility and motives.

Tech billionaire Elon Musk, a former co-founder of OpenAI and a longtime critic of the organization’s direction, wasted no time questioning the project’s funding. “They don’t actually have the money,” Musk wrote on X. SoftBank CEO Masayoshi Son claims an initial $100 billion commitment with plans to grow it to $500 billion over four years, but whether those funds will materialize remains unclear. It’s not the first time SoftBank has made lofty promises and its track record includes overestimated ventures like the Vision Fund.

AI for Good or AI for Profit?

One of the most striking concerns is the ethical implications of Stargate. OpenAI CEO Sam Altman and Oracle co-founder Larry Ellison described the project as a way to solve pressing societal issues, like developing cancer vaccines through AI-driven genetic sequencing. While this paints a rosy picture, skeptics question whether these lofty claims are just a smokescreen for profit-driven motives. Musk has repeatedly accused OpenAI of abandoning its original mission to develop AI for the public good, turning instead into a profit-driven enterprise that prioritizes corporate interests.

Donald Trump’s decision to repeal his predecessor’s AI guardrails and policies designed to ensure ethical and safe development of AI, has opened the door to unchecked advancements. Without these safeguards, Stargate’s potential for misuse, whether through biased algorithms, privacy violations, or the militarization of AI, is alarming. Who will ensure that this technology is developed responsibly and does not deepen societal inequalities or threaten democratic systems?

An Economic Boon or Another False Promise?

Trump and Altman have touted the potential for Stargate to create hundreds of thousands of American jobs, particularly in construction and data center operations. However, these promises are eerily reminiscent of past grandiose projects that failed to deliver from the Biden administration. Mega-investments often come with overblown job projections, only to fall short once automation replaces human labor. Even if Stargate reaches its employment goals, questions linger about the quality of these jobs and their long-term sustainability.

A cornerstone of the Stargate project is the construction of massive data centers, which are essential for powering the AI infrastructure envisioned by OpenAI, SoftBank, and Oracle. While these centers promise to create jobs and drive technological advancement, their environmental and societal impacts are deeply concerning. Data centers consume enormous amounts of electricity and water, often straining local resources without providing long-term economic benefits to surrounding communities. Questions about data privacy, cybersecurity, and ownership also loom large, as these facilities will centralize vast amounts of sensitive information in the hands of private corporations. With promises of rapid scalability and a $500 billion price tag, it’s unclear whether such an ambitious undertaking can be achieved responsibly or whether the public will once again bear the hidden costs of unchecked corporate ambition.

Geopolitical Implications: Competing with China

Stargate is also being framed as a key weapon in the U.S.’s competition with China for AI supremacy. While strengthening America’s technological edge is important, rushing into a $500 billion project without transparency or strategic oversight risks creating a “tech cold war” that prioritizes dominance over ethical innovation. Accelerating AI development without proper international collaboration could exacerbate global tensions and lead to a dangerous arms race in AI technology.

What Stargate Really Represents

Beneath the glossy promises of economic growth and transformative technology, Stargate raises deeper questions about power, control, and the future of AI. By handing the reins to corporate behemoths like SoftBank, Oracle, and OpenAI, the U.S. risks placing critical technological advancements into the hands of entities more interested in profits than public welfare. This is not just about building data centers or detecting cancer, it’s about who gets to decide how AI shapes our world.

Trump’s willingness to prioritize corporate interests over ethical considerations should alarm all Americans from both parties. Without a commitment to transparency, regulation, and equity, Stargate could deepen societal divides and erode trust in technology. As history has shown, unchecked technological advancements often come at a steep cost to those least equipped to bear it.

Unveiling Africa’s Economic Boom Behind the Headlines

Posted on by Nkozi Knight

By Nkozi Knight, GreenHomeHub, Knight Investment Group

April 19, 2024

Embracing Africa’s economic upswing, a group of entrepreneurs mirrors the continent’s colorful ascent on the global stage.

African Original travel-reality series, Ebuka Turns Up Africa, featuring celebrated Nigerian star Ebuka Obi-Uchendu.

My journey into the heart of Africa’s economic boom began with conversations with my oldest daughter Nkozia who is a frequent visitor to the continent, and my curiosity further peaked from my sectional sofa as I became captivated by Amazon Prime’s series “Ebuka Turns up Africa”. In this television series, Ebuka Obi-Uchendu travels across the continent, exploring hidden gems and navigating the complexities of friendships, relationships, finances, and loyalties. Inspired by the vibrancy and spirit shown in each episode, I was interested in diving deeper and upon my research, I discovered a reality about the continent that is vastly different than the Western media portrayals that mostly reflect poverty and conflict.

The Children of Hope campaign in Malawi presents a snapshot often seen in Western media: youthful faces finding joy amidst the challenges often depicted across the continent.

For years, Africa’s narrative has been dynamically shifting. Long portrayed as a continent primarily of destitution and despair, the real Africa has a much different story. A rich story of booming economies, groundbreaking technologies, and cultural renaissance. This narrative shift reflects a continent ripe with opportunities and a hotbed for growth and innovation in places like my home country of Nigeria, challenging the outdated views held by much of the Western and European media.

Nigeria: The Economic Powerhouse
Leading Africa’s economic charge is Nigeria, currently the continent’s richest country with a GDP of $477 billion as of 2022. With projections by the International Monetary Fund suggesting an ascent to $915 billion by 2028, Nigeria’s economy, fueled by its diverse sectors including oil, gas, and technology, shows no signs of slowing down. Its burgeoning tech industry, particularly in cities like Lagos and Abuja, underscores a broader trend across the continent: a leap into digital and technological entrepreneurship.

The city of Lagos has the tallest skyline in Nigeria. 

Infrastructure and Regional Giants
Significant infrastructural developments such as Ethiopia’s Renaissance Dam and Kenya’s expansion of the Mombasa-Nairobi railway illustrate serious strides toward modernization and improved regional connectivity. These projects not only support economic growth but also enhance the daily lives of millions, with technology at the forefront of this renaissance.


Africa’s tech revolution extends beyond my home country of Nigeria. Innovations in mobile banking and renewable energy are pivotal. Mobile banking has transformed financial access for millions, demonstrating a leapfrog over traditional banking barriers. In the realm of sustainable development, nations like Morocco, where my daughter attends school, and South Africa are harnessing wind and solar power, setting new benchmarks for renewable energy.

The cultural sectors throughout Africa is thriving, making significant inroads on the global stage. Nigerian music, South African films, and Ghanaian fashion are capturing international audiences, showcasing the continent’s rich and diverse cultural heritage, and its something to truly be admired.

Cape Town South Africa

Economic Landscape

The economic landscape across Africa is as rich and varied as its cultural tapestry, with nations like South Africa and Egypt featuring robust, diversified economies that span mining, agriculture, and a burgeoning service and tourism industry. Algeria’s substantial oil and natural gas reserves play a crucial role in its financial health, echoing Angola’s reliance on its natural resources. Morocco’s vibrant economy thrives on tourism, agriculture, and a growing industrial sector.

Also, Kenya’s status as a regional economic hub is cemented by its diverse economy that embraces services, agriculture, and tourism. Ghana’s growth is buoyed by its agricultural base, complemented by significant oil and gas sectors. Tanzania, where my daughter recently visited, leverages its natural beauty and resources with a flourishing tourism and finance sector. Meanwhile, the beautiful people of Ethiopia are charting a path of rapid economic expansion, driven by sectors such as agriculture, manufacturing, and ambitious infrastructure projects.

The economic diversity across Africa is a story we need to hear more of as it reflects the resilience of the continent’s people who still deal with the theft of resources from European countries who often threaten to make topple their governments if they refuse to comply. Despite this, Africa’s adaptive and innovative spirit helps shape a new narrative of prosperity on the global economic stage.

Ethiopian Airlines pilot and flight crew

Confronting Stereotypes

Yet, despite these successes, Western portrayals often remain focused on negative aspects, overshadowing the continent’s achievements. This skewed narrative can influence public perception and policy in ways that are not reflective of the current African reality. African leaders and thinkers are calling for a more balanced portrayal that recognizes both the challenges and the immense progress being made.

Ebuka Turns up Africa

As the stories of 2024 unfold, it’s evident that Africa’s rise is not just in spite of Western media narratives but perhaps because it defies them. From the bustling markets of Cairo to the stunning vineyards of Cape Town, innovation, growth, and cultural vibrancy weave a rich tapestry that demands a global reevaluation. The legacy of resource extraction by countries like France and Great Britain is being overwritten by a new chapter of African self-determination and prosperity.

Shows like Ebuka Turns up Africa serve as a clarion call, inviting viewers to step beyond the screen and witness firsthand the continent’s transformation. The call is not just to watch, but to participate; to swap the well-trodden paths to Europe or the beaches of Mexico for the opportunity to immerse oneself in the tapestry of Africa’s economic prowess and cultural renaissance.

Let 2024 be the year where more travelers like myself, choose African destinations, where investment flows not just to traditional markets but to the burgeoning cities and industries across the African continent. This is not just an invitation; it’s a call to be part of a historical movement where one can witness a continent coming into its own, with success stories like Ebuka’s becoming the norm, celebrated and shared with the world. It’s time to rise from our sofas, set foot on African soil, and experience the continent’s heartbeat for ourselves.

Unforgettable Luxury and Endless Fun at Breathless Riviera Cancun Resort & Spa

Posted on by Nkozi Knight

As a seasoned travel enthusiast, I’ve experienced my fair share of luxury resorts, but my recent stay at Breathless Riviera Cancun Resort & Spa was truly unparalleled. Nestled between the picturesque Caribbean Sea and the Lagoon of Bahia Petempich, this adult-only paradise redefines the all-inclusive experience with its unlimited luxury approach.

Upon arrival, I was captivated by the resort’s modern design and vibrant atmosphere. The unique layout, featuring three horseshoe-shaped buildings each with their distinct vibe, immediately set the stage for an extraordinary getaway. I stayed in the Xcelerate Junior Suite Swimout Ocean Front King, a marvel of comfort and elegance. The suite’s standout feature was undoubtedly the private pool, offering a serene escape with stunning sea views. Inside, the amenities, including a well-stocked mini-bar, plush seating area, and a sleek flat-screen TV, ensured my every need was met.

The resort’s commitment to high standards was evident in their cleaning practices. From the moment I began planning my trip to my safe journey home, their heightened health and safety measures provided peace of mind, allowing me to fully immerse myself in the experience.

Dining at Breathless Riviera Cancun was a gastronomic adventure. With various dining venues, each meal was an exploration of global cuisines, served in the most enchanting settings. The bars and lounges, pouring unlimited premium spirits, were perfect for evening relaxation and socializing.

The heart of the resort is its vibrant energy and social atmosphere. Whether basking in the tranquility of the xhale club section, mixing and mingling in the energy center, or diving into the excitement of the xcelerate Party Zone, there was never a dull moment. The sparkling social and party pools, set amidst lush landscapes, were the hubs of daytime entertainment and the venues for the resort’s spectacular events and parties.

Breathless Riviera Cancun offers a myriad of activities and experiences, from high-energy events and entertainment to tranquil moments of relaxation, making it ideal for couples, friends, and solo travelers looking to indulge in a lively yet luxurious retreat.

My stay at Breathless Riviera Cancun Resort & Spa was nothing short of extraordinary. The resort’s unique blend of vibrant fun, luxurious accommodations, night parties, and unwavering commitment to guest safety and satisfaction sets it apart as a premier destination in Cancun. Whether you’re planning a romantic getaway, a bachelor or bachelorette party, or simply a much-needed escape from the ordinary, Breathless Riviera Cancun promises an experience that you’ll cherish forever.

Nkozi Knight

Shades of Gray: The Historical Impact of Political Policies and the Importance of Knowing Our Past

Posted on by Nkozi Knight

Decades ago, the corridors of American politics witnessed a series of decisions that would dramatically reshape the landscape of African American communities. This story begins in the halls of power, where policies and laws were crafted, setting off a chain of events that would echo through generations. From the Reagan era’s war on drugs to the legislative intricacies underpinning Joe Biden’s rise in the political arena, these decisions painted a complex picture of intention versus impact. This aim is to untangle this complex web, tracing the roots of policies that have left a lasting imprint on society. We delve into the intricate interplay of legislation and its intended consequences, piecing together how political maneuvers have sculpturally shaped the realities of countless individuals and communities across the nation.

The 1980s, under the presidency of Ronald Reagan, marked a pivotal era where international intrigue and domestic policy collided. The Iran-Contra Affair, a scandal defined by covert arms sales and secret funding, not only dominated headlines but also served as a backdrop to the escalating War on Drugs. This war, declared with a mission to eradicate drug abuse, inadvertently laid the groundwork for a crisis in African American communities.

Simultaneously, a young senator named Joe Biden was rising through the political ranks. A figure who would come to shape significant aspects of criminal justice policy, Biden’s career in the 1980s and beyond reflects the complex relationship between American politics and the African American community. His role in shaping the Anti-Drug Abuse Act of 1986, with its disparate sentencing for crack and powder cocaine, had far-reaching impacts, disproportionately affecting African Americans and contributing to a surge in incarceration rates.

As the narrative progressed into the 1990s, Biden’s influence continued to grow. His involvement in crafting the 1994 Violent Crime Control and Law Enforcement Act further entrenched the trend of mass incarceration. Though aimed at addressing rampant crime, the bill’s consequences rippled through African American communities, deepening the chasms of inequality.

Decades later, during his 2020 presidential campaign, Biden’s rhetoric reflected a shift. His acknowledgment of the impact of these policies, coupled with promises of reform, marked a departure from his earlier stances. However, this shift was not without its controversies. Biden’s declaration in a 2020 interview that questioned African American allegiance to the Democratic Party sparked a conversation about the taken-for-granted African American vote in U.S. politics.

Biden’s long-standing pledge to Zionism, mirroring the broader U.S. political landscape’s support for Israel, further adds to the narrative’s complexity. It reflects a broader theme in American politics: the alignment of foreign policy interests, often at the expense of addressing pressing domestic issues.

The story of U.S. drug policy and its impact on African American communities, intertwined with Biden’s career, stands as a testament to the cyclical nature of political priorities and the often contradictory nature of government policies. It highlights a dissonance between the quest for votes from minority communities and the legislative actions that have historically impacted them.

This evolving narrative, chronicled over several decades and various administrations, is not merely a historical account; it serves as a reflective mirror for American society. In an era where political promises ebb and flow with the tide of public opinion, the importance of scrutinizing policy decisions and understanding their long-term impacts becomes paramount. As voters, the responsibility lies in our hands to delve into the history of those we elect into power.

It’s a reminder that genuine representation in the corridors of power and accountability are not just political ideals but necessities. As we stand at the crossroads of another election, it is crucial to remember that the votes we cast are echoes of our collective history and aspirations. We must challenge ourselves to look beyond the rhetoric, to understand the past of those we entrust with our future, ensuring our decisions are informed, and our voices are heard in shaping a more equitable and just society. As James Baldwin once said, “Not everything that is faced can be changed, but nothing can be changed until it is faced.”

BRICS Expansion: The Biggest Challenge to the US Dollar?

Posted on by Nkozi Knight

BRICS, a coalition of emerging markets comprising Brazil, Russia, India, China, and South Africa, is welcoming six new members: Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates. This growth aims to craft a fairer, inclusive, and prosperous world, says South African President Cyril Ramaphosa.

Historically, BRICS has aspired to strengthen its geopolitical standing to challenge Western dominance. Notably, the integration of significant energy exporters like Saudi Arabia, Iran, and the UAE will bolster this mission. Moreover, the potential lineup of countries eager to join BRICS reflects the world’s increasing disaffection with a primarily US-led global order.

However, some economists, like Gregory Daco from EY-Parthenon, express skepticism about BRICS matching the power of Western alliances like the G7 in the foreseeable future. The ambition to reduce dollar dependence (de-dollarization) appears ambitious, especially given the differing strategic priorities of BRICS members.

The concept of a unified BRICS currency to counterbalance the dollar has been a recurring theme, stirred up by remarks from Brazilian President Luiz Inácio Lula da Silva questioning the US dollar’s dominance. Yet, not all are on board with the idea. South Africa’s finance minister, Enoch Godongwana, recently voiced reservations about losing monetary policy independence with such a move. Moreover, the term BRIC’s creator, Jim O’Neill, called the idea of a shared currency “ridiculous,” referencing the challenges posed by political tensions between members like India and China.

While the prospect of a unified BRICS currency remains distant, the bloc is undeniably trying to lessen its dollar dependency. The group has expressed intentions to decrease reliance on the US dollar in international trade. Emphasizing this sentiment, Russian President Vladimir Putin highlighted the growing momentum of de-dollarization efforts. Moreover, there’s talk of promoting the Chinese renminbi as a reserve currency.

However, these ambitions face steep challenges. As of 2022, the US dollar was used in nearly 90% of global foreign exchange transactions. The renminbi represented a mere 2.5% of foreign exchange reserves, making its rise to challenge the US dollar, at least for now, a far-off dream. While BRICS grows and evolves, the journey to a post-dollar world seems laden with complexities and hurdles.

The Lingering Shadows of Imperialism: Exploitation of African Nations

Posted on by Nkozi Knight

As someone who has served in the military, I’ve had firsthand insight into the geopolitical dynamics that still play out across the globe. One particular issue that has always been close to my heart is the persistent exploitation of African nations by former colonial powers and the United States.

Niger, a landlocked country in West Africa, serves as a stark example. It is the source of 5% of the world’s uranium, a precious resource vital for nuclear energy and weapons. Yet, despite its immense wealth beneath the ground, Niger consistently ranks as one of the world’s poorest countries. This incongruity can be attributed to the continued imperialism and exploitative tactics employed by Western nations.

Historically, countries like France and Great Britain have left indelible marks on Africa, ostensibly ending colonization, but in truth, perpetuating a new form of neocolonialism. France, for instance, still exerts considerable economic influence on many of its former colonies, including Niger. Complex agreements and unequal trade dynamics ensure that while African nations supply raw materials, they see only a fraction of the profits.

The United States, though not a colonial power in Africa, has also been implicated in this exploitative dynamic. The establishment of military bases across the continent serves dual purposes: it’s positioned as a safeguard against extremism and other threats, but it also ensures that the U.S. maintains a stronghold to protect its interests, which often include access to natural resources. During my time in the military, it was evident how strategic positioning wasn’t just about national security, but also about economic leverage.

Furthermore, it’s worth noting that while African countries export raw materials, they often have to import finished products at higher prices, further entrenching them in a cycle of poverty. The revenues from these natural resources, like uranium from Niger, do not equitably benefit the local communities. Instead, profits are siphoned off by multinational corporations and corrupt leaders, leaving the general populace grappling with poverty, unemployment, and underdevelopment.

Addressing this exploitation requires a multipronged approach:

  1. Transparency in Trade Deals: International trade agreements involving African nations must be transparent, ensuring that they benefit local communities as much as they do foreign entities.
  2. Empowering Local Economies: Investing in local infrastructure, education, and healthcare can help African nations process their own resources, creating jobs and reducing dependency on imports.
  3. International Accountability: Global institutions, such as the UN, must hold countries accountable for exploitative practices, ushering in a new era of equitable and fair trade.

While the flags of colonial powers no longer fly over African capitals, the shadows of imperialism linger. It’s a collective responsibility, both of African governments and the international community, to dismantle these remnants of exploitation and pave the way for a brighter, more equitable future for the continent. As someone who has seen the intricacies of this exploitation up close, I urge everyone to educate themselves, advocate for change, and support policies that promote fairness and justice.

Demystifying Change Management: An Introduction to the LaMarsh Change Management Model

Posted on by Nkozi Knight

Effective change management is crucial for the success of your projects and the growth of your organization. One popular and proven approach is the LaMarsh Global Managed Change™ Model. This post will not only explore the key components of the LaMarsh Change Management Model but also delve into how it stands out from other models and the situations where it is the most effective. By understanding this model, project managers and change agents can navigate the complexities of organizational change with greater confidence and success.

The LaMarsh Change Management Model

Developed by LaMarsh Global, the Managed Change™ Model is a structured, systematic approach to managing change in organizations. It is designed to help project managers identify, address, and overcome the barriers to successful change implementation. The LaMarsh Model consists of three main components:

  1. Change management process
  2. Change management roles
  3. Change management competencies

The change management process in the LaMarsh Model is divided into three primary stages: Identify, Analyze, and Implement & Sustain. In the Identify stage, you will recognize the need for change and define the desired outcomes. The Analyze stage involves understanding potential risks, barriers, and the impact of the change on your organization. Finally, the Implement & Sustain stage is about creating a change management plan, executing it, and monitoring its progress.

The LaMarsh Model identifies four key roles in change management: Change Sponsor, Change Agent, Target, and Advocate. Each of these roles has distinct responsibilities, and their successful collaboration is essential for effective change management.

Developing change management competencies within an organization is a vital aspect of the LaMarsh Model. These competencies include communication, learning, collaboration, and problem-solving, which are all crucial for navigating the change process.

How the LaMarsh Model Differs from Other Change Management Models

While there are several change management models available, the LaMarsh Model stands out in three distinct ways:

  1. Flexibility: Unlike some other change management models, the LaMarsh Model is designed to be adaptable to a wide range of organizations and industries. Its flexibility allows it to be applied in various situations and tailored to the unique needs and challenges of each organization.
  2. Focus on roles and competencies: The LaMarsh Model places significant emphasis on the importance of clearly defined roles and the development of change management competencies within an organization. This focus on roles and competencies ensures that everyone involved in the change process understands their responsibilities and is equipped to perform them effectively.
  3. Emphasis on sustainability: While some change management models focus primarily on the implementation of change, the LaMarsh Model also emphasizes the need to sustain the change over time. By including reinforcement and measurement in the Implement & Sustain stage, this model ensures that the change becomes embedded in the organization’s culture and processes, leading to lasting success.

When to Choose the LaMarsh Change Management Model

The LaMarsh Change Management Model is particularly well-suited for the following scenarios:

  • Complex, organization-wide change: The flexibility and structure of the LaMarsh Model make it an excellent choice for managing complex changes that involve multiple departments or functions within an organization.
  • Changes requiring collaboration and buy-in from various stakeholders: The LaMarsh Model’s emphasis on roles and competencies ensures that everyone involved in the change process understands their responsibilities and is committed to the success of the change. This can be especially beneficial in scenarios where collaboration and buy-in from various stakeholders are critical.
  • Long-term, sustainable change: If your goal is to implement a change that lasts and becomes embedded in your organization’s culture and processes, the LaMarsh Model’s focus on sustainability makes it an ideal choice.

The LaMarsh Change Management Model offers project managers a structured, systematic approach to managing organizational change. By understanding the change management process, roles, and competencies, as well as how the model differs from other change management models and when it is preferable, you can improve your ability to navigate change and drive the success of your projects. Embracing the LaMarsh Model can be a valuable step in your journey as a project manager, helping you create positive, lasting impact within your organization. As you delve into the world of change management, armed with the knowledge of the LaMarsh Model, you’ll be better prepared to tackle challenges head-on and inspire others to embrace change, ensuring a brighter future for your organization.

What Emmett Till’s Mother Taught Me About Grief and Justice

Posted on by Nkozi Knight

On Feb. 26, 2012, my entire life changed in ways that I could never imagine. Within an instant, after the brutal and inhumane killing of my son, …

What Emmett Till’s Mother Taught Me About Grief and Justice

Five ways of expanding your business internationally

Posted on by Nkozi Knight

The global economy is changing thanks to worldwide connectivity. Companies across the globe are communicating with others without delays or hassles …

Five ways of expanding your business internationally

Quad/Graphics plans to close plants, cut $100M in costs

Posted on by Nkozi Knight

hqdefault

By Rick Romell of the Journal Sentinel
Nov. 3, 2015
In the wake of disappointing financial results, Sussex-based Quad/Graphics Inc. said Tuesday it will begin closing plants and taking other steps to cut $100 million in costs.

“Our third quarter financial performance was challenging and below our expectations,” Joel Quadracci, CEO of the commercial printing firm, said in a statement.

Quadracci said the company would move swiftly to slice costs and bring them in line with sales.

Quad did not say how many jobs it might cut, or identify any plants for closing. However, spokeswoman Claire Ho suggested that the firm’s operations in Wisconsin, where it employs 7,000 people at 14 facilities, are not high on the target list for closures.

Quad continues to move work to its most efficient printing and distribution plants, and the Wisconsin operations are “among the most efficient platforms in the entire printing industry,” Ho said in an email. She said Quad is still hiring in Wisconsin.

The company, the biggest printer of magazines and catalogs in North America, operates 57 printing plants in the U.S. and another eight outside the country. It employs 24,000 people worldwide.

However, like other printers, it has seen demand dampened by the rise of the Internet and digital technologies such as iPads and other tablets.

In its annual report filed with securities regulators last March, Quad noted that prices for printing had “declined significantly in recent years.”

Tuesday, Quadracci said in his statement that pricing pressure accelerated during the three months that ended Sept. 30, while Quad’s manufacturing productivity declined.

The firm’s sales for the three months ended Sept. 30 totaled $1.16 billion, down 6.5% from the $1.24 billion in third-quarter 2014 revenue.

The company booked a loss of $552.2 million, or $11.50 a share, in the quarter. But that stemmed almost entirely from a $532.6 million non-cash, after-tax charge Quad recorded for “goodwill impairment” triggered by the decline in the firm’s stock price.

Before Tuesday’s announcement, Quad’s stock closed at $13.10, down 18 cents.

The company went public in July 2010 at $49. Its shares traded above $40 for almost a year, then plunged. They rebounded above $30 in 2013, but have trended downward for the last two years.

The slide in the stock notwithstanding, Quad generates enough cash to pay a hefty dividend — at least at the prices of the last two years. The current dividend of $1.20 a year amounts to roughly 9% of Tuesday’s closing price.

Quad on Tuesday declared another 30-cent quarterly dividend.

The company also reduced its 2015 revenue estimates by about $200 million. Previously, Quad had estimated sales of $4.8 billion to $4.9 billion for the year. The firm now expects $4.6 billion to $4.7 billion in revenue.

Since 2009, Quad has more than doubled its revenue, in large measure through acquisitions.

Quadracci may disclose details of the company’s cutback plans this morning during a conference call with analysts.

About Rick Romell

author thumbnail

Rick Romell covers retail and general business news.

Email:  
Quad/Graphics is an American printing company, based in Sussex, Wisconsin. It was founded on July 13, 1971, by Harry V. Quadracci, son of Harry R. Quadracci.
Headquarters: Sussex, WI
Company Website: qg.com
CEO: Joel Quadracci
Founded: 1971