Morgan Stanley unveils scholarship fund for Black colleges

Morgan Stanley said on Wednesday it will cover college expenses for 60 students at historically Black colleges and universities (HBCUs) in the banking industry's latest attempt to address racial injustice after the death of George Floyd.

The Morgan Stanley HBCU Scholars program will fund the entire cost of attending Howard University, Morehouse College or Spelman College for students in any field of study. The bank has committed to spending $12 million on the program over four years.

“This is about something much bigger than banking and Morgan Stanley," Chief Diversity Officer Susan Reid said in an interview. “This was about helping young adults of color who might not otherwise be able to afford college, regardless of whether they want to be a banker, or a doctor or a lawyer."

The bank has also tapped its internal network of HBCU alumni to provide career readiness support to the selected students.

The banking industry has been criticized for its lack of racial diversity since the May 25 death in police custody of George Floyd, a Black man, sparked demonstrations and prompted introspection at companies across the country.

In June, a former diversity officer sued Morgan Stanley alleging racial discrimination, retaliation and violation of equal pay laws, according to a court filing. The bank has rejected the allegations and said the firm will defend itself.

Last month, Morgan Stanley started recruiting for a new program that aims to add more black employees to its trading division.

"In this moment, we are focused on black talent," Reid said.

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Texas governor requests use of El Paso-area military hospital for non-COVID-19 patients as cases surge

Texas Gov. Greg Abbott appears in this undated file image. Abbott won his re-election bid on November 6, 2018. (Spectrum News/FILE)

Texas Governor Greg Abbott on Saturday requested to use a medical center at Fort Bliss for non-COVID-19 patients as coronavirus cases surge in the El Paso area. The request comes as COVID-19 cases have been increasing throughout Texas and the country.

Abbott said Saturday that he had spoken to Dr. Robert Kadiec, assistant secretary for preparedness and response at the U.S. Department of Health and Human Services, to request use of William Beaumont Army Medical Center to free up beds at the region's hospitals, according to CBS El Paso affiliate KDBC.

El Paso officials said 1,216 new COVID-19 cases were reported on Saturday, for a total of 10,911 active cases and 38,554 cumulative cases.

El Paso officials said Saturday one person died, a woman in her 40s with underlying health conditions. There have been 572 deaths in El Paso due to COVID-19 since the pandemic began. 

As of Saturday, there were 715 people hospitalized in El Paso County due to COVID-19, including 199 in intensive care and 85 on ventilators.

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Cars line up for Covid-19 tests at the University of Texas El Paso on October 23, 2020 in El Paso, Texas. PHOTO BY PAUL RATJE / AFP) (PHOTO BY PAUL RATJE/AFP VIA GETTY IMAGES

Abbott announced earlier this week that he would be sending more than 450 medical personnel to the El Paso area. He also said he will be sending extra equipment including ambulances, patient monitors, patient beds and oxygen concentrators.

"The medical personnel and supplies we are deploying to El Paso build upon the resources the state previously sent to the community and will provide much needed support to area hospitals and first responders," Abbott said in a statement. "The State of Texas will continue to work with local officials to protect public health and help the El Paso community mitigate the spread of COVID-19."  

A report by UT-Austin released Thursday said "the El Paso region has the most threatening projections, with an estimated 85% probability that COVID-19 cases will exceed local hospital capacity by November 8th, 2020."

According to the same report, five other regions have a more than 25% chance of hospitals being overwhelmed with in 3 weeks: Amarillo (28%), Lubbock (29%), Wichita Falls (30%), San Angelo (29%) and Galveston (33%).

The Texas Department of Public Health reported Saturday more than 89,000 active cases of COVID-19 in the state, including more than 6,000 new cases. 

Coronavirus cases nationwide have been rising, with more cases reported on Friday than any other single day since the pandemic began. 

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Obama Slams Trump's Pandemic Response: 'He Can't Even Take Basic Steps to Protect Himself' from COVID-19

Former U.S. President Barack Obama speaks at a drive-in rally for Democratic presidential nominee Joe Biden

"He doesn't even acknowledge that there's a problem," Barack Obama said of President Donald's Trump response to the coronavirus pandemic

Former President Barack Obama is slamming Donald Trump for his response to the ongoing coronavirus pandemic, asserting that his successor is not going to "suddenly protect all of us" when he isn't taking the "basic steps" of COVID protection himself.

During the drive-in rally for Democratic nominee and his former vice president Joe Biden at the Florida International University campus in Biscayne, Obama spoke out against the way Trump has been handling the pandemic, telling voters that because of the president's actions — or lack thereof — "the rest of us have to live with the consequences."

"Eight months into this pandemic, eight months into this pandemic, new cases are breaking records," Obama, 59, explained. "Donald Trump isn't going to suddenly protect all of us. He can't even take the basic steps to protect himself."

Trump was hospitalized with the virus earlier this month and received a mix of steroids, antivirals and experimental antibody treatments. He has frequently shown his disdain for wearing masks, either by not complying or mocking them.

"There's no sense that he's coming up with a new approach, with a new plan. He doesn't even acknowledge that there's a problem," Obama continued. "Just this week, he complained that the pandemic was making him go back to work. If he had been working in the first place, we never would have seen the situation get this bad."

During his speech, Obama continued to stress that Trump, 74, "doesn't have a plan" to combat the virus, and "doesn't take responsibility for what's happening across the country."

The former president also reacted to Trump's recent 60 Minutes interview which he "cut short," complaining on Twitter that the questions from CBS News' correspondent Lesley Stahl were “biased” after he was asked about his handling of the COVID-19 pandemic, his inflammatory rhetoric towards Michigan Gov. Gretchen Whitmer, his decision to promote unsafe public gatherings at his campaign rallies amid the pandemic, as well as his attacks on Dr. Anthony Fauci, the nation’s leading health official on infectious disease.

During the Miami event, Obama said Trump's refusal to answer certain questions should be something of concern for voters. "Listen, Miami, if he can’t answer a tough question like ‘what would you like to do in your second term,’ then it’s up to us to see he doesn’t get a second term," Obama said.

Earlier this week, on Wednesday, Obama gave another scathing takedown of Trump during a rare in-person campaign appearance in Philadelphia.

In his speech, the Democrat again derided Trump for his response to the pandemic, which has so far led to the deaths of more than 220,000 Americans, according to a New York Times tracker.

"Presidents up for re-election usually ask if the country is better off than it was four years ago," Obama said. "I’ll tell you one thing: Four years ago you’d be tailgating here at the Lincoln instead of watching a speech from your cars."

"Right now as we speak, Trump won’t even extend relief to the millions of families who are having trouble paying the rent or putting food on the table because of this pandemic," he added, referring to the ongoing negotiations between Congress and the White House over coronavirus stimulus.

Speaking less than two weeks before the Nov. 3 election, Obama urged voters to back Biden's campaign and to not grow complacent based on poll numbers that show the Democratic presidential nominee leading Trump.

The former president didn't hold back when discussing the pandemic, tearing into Trump for recent remarks in which Trump said he had few regrets in terms of responding to the virus.

"Just yesterday, when asked if he’d do anything differently, Trump said, 'Not much.' Really? Not much?" Obama said. "Nothing you can think of that could have helped some people keep their loved ones alive? So, Joe’s not going to screw up testing. He’s not going to call scientists idiots. He’s not going to host a super spreader event at the White House."

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Jennifer Aniston endorses Joe Biden, says 'it's not funny to vote for Kanye'

Jennifer Aniston just voted for Joe Biden and Kamala Harris — and urged her 35 million followers to do the same. 

The Friends star, 51, shared a photo of herself dropping her ballot off in Los Angeles, and she wasn’t afraid to get political on Instagram. Aniston said she voted for the Democratic nominees as “this country is more divided than ever.” 

“Right now, a few men in power are deciding what women can and can’t do with their own bodies. Our current President has decided that racism is a non-issue. He has repeatedly and publicly ignored science... too many people have died,” Aniston wrote on Friday.

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“I urge you to really consider who is going to be most affected by this election if we stay on the track we’re on right now... your daughters, the LGBQT+ community, our Black brothers and sisters, the elderly with health conditions, and your future kids and grandkids (who will be tasked with saving a planet that our leadership refuses to believe is hurting),” the actress continued. “This whole thing isn’t about one candidate or one single issue, it’s about the future of this country and of the world. Vote for equal human rights, for love, and for decency.”

Aniston concluded with a message to anyone considering voting for Kanye West.

“PS — It’s not funny to vote for Kanye,” she added. “I don’t know how else to say it. Please be responsible.”

Although West isn’t on the ballot in most states, the rapper asked people to write in his name for president. Kim Kardashian’s husband previously indicated his spoiler campaign was designed to hurt Biden, as he’s been vocal supporter of President Donald Trump.

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No, Trump hasn’t been the best president for Black America since Lincoln

US President Donald Trump listens during a meeting with conservative black supporters in the White House in Washington, D.C., USA, June 10, 2020.

Here’s what Trump has — and hasn’t — done for Black communities in the past four years.

At last week’s NBC town hall event, President Donald Trump leaned in to the camera to recite a statement that has become a fixture of his reelection campaign: “I have done more for the African American community than any president with the exception of Abraham Lincoln.”

Over the past year, Trump has shouted this from the lectern at campaign rallies and from the balcony at the White House as a play to Black voters, a countermessage to his racist rhetoric. The phrase has morphed over time, starting in the fall of 2019 as something more restrained — “We’ve done more for African Americans in three years than the broken Washington establishment has done in more than 30 years” — and rising to the bold “No president has done more for our Black community” this year.

In June, Trump tweeted a similar statement bragging about what he has done for Black Americans. It came just days after George Floyd, a 46-year-old Black man, was killed by Minneapolis police officers, setting off unrest and protests for Black lives across the country. He had not actually addressed the reason for millions of people marching in the streets: the institutional racism in policing.

The tone-deaf display continued earlier this month, when in his first address since announcing he had tested positive for the coronavirus, Trump confidently shouted the claim to hundreds of Black and Latinx voters standing on the White House South Lawn: “Nobody can dispute it. Nobody can dispute it. It’s true. Nobody can dispute it.” The very fact that the president encouraged Black people to assemble in his name just days after his diagnosis, forgoing social distancing and despite the devastation the virus has wrought on Black and Latinx communities, one could argue undermined his message.

While Trump may be confident in his claim of having done the most for Black Americans, his record begs to differ. He has repeatedly cited his efforts on criminal justice reform and the economy as the reasons he’s been the best president for Black America since Lincoln — who signed the Emancipation Proclamation, freeing enslaved people in the Confederacy, and clearing the way for the ratification of the 13th Amendment, which abolished slavery across the US — but rarely does Trump put his supposed “wins” in context. For example, Trump often tries to take credit for a decline in violent crime, though the downward trend predates him by many years.

Trump’s “since Lincoln” bit is also untrue on its face: Ulysses S. Grant created the Department of Justice and pushed for the prosecution of the Ku Klux Klan; Franklin Delano Roosevelt’s Justice Department pushed for poll tax repeal; Harry S. Truman desegregated the military; Lyndon B. Johnson through Great Society legislation signed the Voting Rights Act, the Civil Rights Act, and the Fair Housing Act, and desegregated hospitals in the South through the Social Security Act Amendments of 1965; and Barack Obama, the first Black president, passed the Affordable Care Act, which has reduced racial disparities in health care.

Trump, meanwhile, has wholly disregarded how his strategy and policies don’t help Black communities — from his rhetoric that sows division to his inaction in addressing the coronavirus pandemic that has killed nearly 1 in 1,000 Black people in the US.

Here’s a look at what Trump has and hasn’t done for Black communities and why his campaign’s recently released plan for Black America is a vague last-ditch effort to lock in Black voters.

Trump passed a significant criminal justice reform measure, but his administration has worked to undo it

Standing before hundreds of Black and brown supporters earlier this month, Trump said that America has reached a “historic reduction of violent crime” during his presidency. “We signed a landmark criminal justice reform bill that nobody thought was possible to think about. I did that. I did that. I got that done,” he said.

In December 2018, Trump did indeed sign the First Step Act, which made “the most substantial changes in a generation” to “tough on crime” laws that increased the federal prison population by 700 percent since 1970.

Since Trump signed the measure into law, more than 3,000 people have been released from federal prison due to the law’s “good time credits,” which provide early release for well-behaved inmates; hundreds have been released into the elderly home confinement pilot program, which places older federal inmates in home confinement before the end of their prison term; and more than 2,000 people — 91 percent of whom are Black — received sentencing reductions because the First Step Act retroactively applied the Fair Sentencing Act of 2010 (a law Obama passed), reducing the sentencing disparity between crack and cocaine charges.

While these changes are substantial, many have pointed to the areas where the act fails — and why Trump can’t take full credit for the initiative.

As Catherine Kim reported for Vox, Trump’s Justice Department, under Attorney General Bill Barr’s direction, has “attempted to block hundreds of eligible beneficiaries” from being released and has tried to send those who have been released back behind bars, according to the Sentencing Project. “The department has tried to freeze applications or re-incarcerate former inmates by setting higher standards for their release,” Kim wrote.

Moreover, Trump has failed to mention how the bill was the “culmination of several years of congressional debate” over how to reduce the size of the federal prison population and maintain public safety, according to the Congressional Research Service. The law is basically a scaled-down iteration of the Sentencing and Reform Corrections Act that was introduced in Congress in 2015.

Proponents of the law have also pointed out that its effects on the size of the federal prison system will ultimately be minimal. Vox’s German Lopez reported:

The law may let thousands of federal inmates out early, but, as Stanford drug policy expert Keith Humphreys noted in the Washington Post, more than 1,700 people are released from prison every day already — so the First Step Act in one sense only equates to adding a few more days of typical releases to the year.

While much of what Trump has touted did not originate with him, this summer he had the opportunity to create his own criminal justice agenda when protests swept the country over the police shootings of Black Americans like Breonna Taylor, the 26-year-old killed in her home in Louisville, Kentucky, and Jacob Blake, the 29-year-old who survived after police shot him in the back several times in Kenosha, Wisconsin. Instead, Trump claimed that the phrase “Black lives matter” is a symbol of hate and responded to the unrest by celebrating law enforcement, directing them to meet the protesters with force and violence.

Trump’s dismissal of the Black Lives Matter movement’s repeated calls for police and criminal justice reform, coupled with his “law and order” rhetoric — rhetoric that incites violence and that has long been racist — counters the police reform efforts he touts. In June, Trump signed an executive order that called for more training for police officers and the establishment of a national database of police misconduct, among other actions — all steps that fall far short of the transformative changes that activists have called for.

Early on, Trump made his tone clear when he tweeted, “When the looting starts the shooting starts,” focusing on the small number of people ransacking property and giving very little attention to the families burdened by police violence.

Trump has also tried to take credit for the reduction in violent crime nationwide, but he inherited the downward trend that has been in effect since 2000. Trump has tried to argue that because he expresses support for and honors police officers — supposedly unlike Obama — criminals have been less inclined to commit crimes. Yet researchers haven’t been able to establish a link between rises in homicides and “disrespect for the police.” According to economists at the Brennan Center, by claiming that he is responsible for lower crime rates, Trump is promoting dangerous misconceptions about the relationship between crime and policing.

Black employment gains before the pandemic were real — but not the result of Trump’s presidential term

Trump has repeatedly patted himself on the back for achieving “the lowest Black and Hispanic unemployment rate in the history of our country.”

Before the pandemic hit, the unemployment rate for Black Americans reached an all-time low (since the Bureau of Labor Statistics started keeping track in 1972) at 5.9 percent in May 2018. But as many have pointed out, the decline in the Black unemployment rate began during President Obama’s presidency.

Even as the overall unemployment rate dropped after a sharp rise in March, the Black unemployment rate remained higher. White Americans have found work more quickly overall, and the employment gap has persisted, even as further economic relief from the government remains nowhere in sight. The continued failure to contain the coronavirus epidemic makes a full recovery even more difficult.

Trump also chooses not to mention the kinds of jobs that Black Americans occupy. A Brookings Institution report found that Black Americans are overrepresented in low-wage, undervalued “essential” jobs in which they’re more likely to die due to factors like the coronavirus.

According to an Associated Press fact-check, household median income was higher for Black people before Trump took office. Furthermore, Trump’s focus on the unemployment rate ignores other economic hardships that Black people face, like low rates of Black homeownership and low Black male labor force participation rates, according to the New York Times.

In the same breath, Trump has often celebrated the “opportunity zones” provisions included in the 2017 tax bill that he signed into law. While opportunity zones are supposed to encourage investment in high-need communities, according to a 2019 New York Times report, the program has mostly just benefited wealthy Americans making the investments, and haven’t been proven to help underresourced communities. The early beneficiaries of the tax breaks are billionaires and Trump family members for “high-end apartment buildings and hotels, storage facilities that employ only a handful of workers, and student housing in bustling college towns,” according to the report.

Trump’s claims on poverty don’t tell the full story of racial disparity

Relatedly, Trump cites declining poverty rates before the pandemic as proof of his success. “Last year, Black and Hispanic American poverty reached the lowest ever in the history of our country,” Trump said at the White House event earlier this month.

According to census data, Trump’s claim is correct but ignores the major disparities that remain. According to the data, the US poverty rate was 10.5 percent in 2019, the lowest since 1959, when data was first collected and released on this scale, with an 18.8 percent poverty rate for Black people and a 15.7 percent poverty rate for Hispanics.

Despite these historic lows, Black and Hispanic people are overrepresented in the poverty population relative to their representation in the overall population. According to the data, Black people represented 13.2 percent of the total population in the United States but 23.8 percent of the poverty group — almost two times greater than their portion of the general population. Hispanics comprised 18.7 percent of the total population but 28.1 percent of the population in poverty — 1.5 times more than their share of the population.

Experts are torn about whether Trump should be credited with the declines in poverty — which may be reversed without further economic stimulus. Trump has taken credit for the number of people who have stopped receiving food stamps under his presidency — in February, he claimed that 7 million people stopped receiving assistance through the Supplemental Nutrition Assistance Program.

Experts say the decline in food stamp enrollment is due to “improving employment opportunities and pay increases,” with enrollment decreases beginning in 2014 and 2015 under Obama, according to the New York Times. But there could also be another reason for the decline in SNAP assistance: Trump has tightened eligibility requirements. In March, it was estimated that 700,000 people would be kicked off food stamps because of the administration’s new strict work requirement. A federal judge recently struck down that requirement, calling it “arbitrary and capricious.”

The mechanism for funding HBCUs has very little to do with Trump

Trump has also repeatedly mentioned how his administration has funded historically Black colleges and universities (HBCUs). “They couldn’t get funded. Nobody was funding them for years and years and decades, nobody was funding them,” Trump said.

This is simply untrue: Under Obama, the federal government invested more than $4 billion in HBCUs over seven years.

And while federal funding for HBCUs has been renewed under Trump’s presidency, Trump has not publicly acknowledged that the renewal is the result of congressional appropriations.

“Congress does all this work and presents it to him in the budget, and he can choose to sign it. This year, he held off on signing some significant STEM funding, making HBCUs beg for it,” Rutgers professor and leading HBCU authority Marybeth Gasman told the Washington Post. “Trump has promised all kinds of things to HBCUs and has followed through on little. Under Trump, the White House Initiative for HBCUs was moved to the White House and is quite quiet compared to the work under President Obama’s administration.”

Trump is making a last-ditch effort to hold his ground with Black voters

In 2016, Trump won just 8 percent of Black voters. The same holds true in 2020 — his Democratic opponent, Joe Biden, leads Trump with Black voters, 83 percent to 8 percent, a 75-point margin, according to CNN. However, Trump’s support among Black voters ages 18 to 44 has jumped from 10 percent in 2016 to 21 percent this year, according to FiveThirtyEight, “while older Black voters look as if they’ll vote for Biden by margins similar to Clinton’s in 2016.”

“Black voters remain an overwhelmingly Democratic-leaning constituency, but a notable reduction in their support could still be a problem for Biden,” according to the publication.

In a last-ditch effort to attract more Black voters, Trump unveiled his “Platinum Plan” for Black Americans mere weeks before the election. It includes proposals to designate the Ku Klux Klan and antifa as terrorist organizations, make lynching a hate crime, recognize Juneteenth as a federal holiday, and increase investments in Black communities by supporting Black homeownership, small businesses, and job creation. The plan is vague — it lists what Trump would seek to accomplish but doesn’t explain how he’d get there. (For comparison, Biden’s Lift Every Voice Plan, though far from perfect in the eyes of progressives, explains the steps a Biden-Harris administration would implement to support Black Americans.)

But if voters are still unclear about what Trump has done for Black Americans, no data is as stark as coronavirus data. From willfully misleading the public on the virus to dismantling the government’s pandemic response team, Trump could have prevented tens of thousands of deaths early on. Instead, his inaction has left thousands of Black Americans dead, with the coronavirus killing them at twice the rate of white people.

Since contracting the coronavirus, Trump has further downplayed the severity of the disease, tweeting, “Don’t be afraid of Covid. Don’t let it dominate your life,” dismissing the hundreds of thousands of Americans who have lost loved ones to the disease, many whose family members could not receive the kind of care and treatment the president did.

Whatever economic gains Black Americans experienced in the early years of his term have also been undone in the pandemic, especially since more than 90 percent of Black businesses that applied for loans through the federal Paycheck Protection Program were denied. Forty percent of Black-owned small businesses have since closed, according to a Brookings Institution report.

Ultimately, the idea of “who’s done more for Black people” homogenizes Black communities — stripping them of their diverse identities and backgrounds — and makes elected officials accountable during election season only.

In 2016, Trump made his pitch to Black Americans, asking, “What the hell do you have to lose?” With the way the past four years have played out, it’s clear they had a lot to lose — and stand to lose a lot more.

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