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News From the Control Tower - 9/15/2021 Thumbnail

News From the Control Tower - 9/15/2021

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       Companies Need More Workers. Why Do They Reject Millions of Résumés?

Automated-hiring systems are excluding many people from job discussions at a time when additional employees are desperately needed

2.       Poverty Declined In 2020, The Result Of Government Aid, Census Bureau Reports

Relief payments moved 11.7 million people from poverty, according to the Census data, and unemployment insurance benefits kept 5.5 million people from falling into poverty.

3.     ‘Black Capitalism’ Promised a Better City for Everyone. What Happened?

In the wake of nationwide protests, corporate America has pledged to fight racism and support Black Americans. But a similar initiative started decades ago in Rochester shows it is a promise that is difficult to sustain.

4.       A new platform lets you buy shares of blue-chip paintings – but is art a wise investment?

For those thinking of purchasing art purely for investment purposes, it’s important to understand how art investment funds have traditionally worked, and whether experts believe it’s a good investment.

5.       Senators demand cryptocurrency regulation guidance from SEC Chair Gary Gensler

Securities and Exchange Commission Chairman Gary Gensler on Tuesday assured lawmakers that Wall Street’s top regulator is working overtime to create a set of rules to oversee the volatile cryptocurrency markets while balancing the interests of American innovators.

Bonus:  How Japanese Artist Chiura Obata Came to Be an American Great

With landscapes infused with an emotion borne of a life of struggle, this master receives his due in this traveling retrospective now at the Smithsonian