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First black lottery operator

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Emmanuel Bailey


In a city that pulls thousands and thousands of individuals all over the world, Emmanuel Bailey’s success story began in Washington. He began from humble beginnings, growing up with a single mother and moving from rental to rental throughout town and the Washington, D.C., metropolitan area for many of his childhood. At the peak of the drug epidemic, he saw his hometown affected by crime and poverty, and when he returned from college, his town was considered the murder capital of the country. Yet despite these adversities, he all the time worked hard and looked to a brighter future – a super his mother instilled in him since he was a small child.

As Bailey began his journey to a brighter future, he realized that to achieve success, he needed to pursue a university education. Through these pursuits, he became the primary member of his family to attend and graduate from college. He enrolled at Eastern Kentucky University, earning a bachelor’s degree in business administration. While at EKU, he set out to realize the high level of success his mother expected of him in all areas. After graduating from EKU, he obtained an Executive MBA from the Business School. Robert H. Smith on the University of Maryland.

Emmanuel achieved early success within the financial sector. Over the following 25 years, he rose through the ranks, starting as a branch manager at Citizens Bank of Maryland and ending with vice chairman of Fannie Mae. These roles provided him with invaluable experience as a seasoned entrepreneur and leader. After all the pieces he had achieved at Fannie Mae, it was time to strike out on his own.

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Seeing the potential within the lottery industry, Emmanuel founded an operations and management services company to run lotteries more efficiently and effectively. Key service providers (VSC) has management experience in all facets of the state lottery contract, including providing direct supervision and management of lottery agents, retail systems, implementation and maintenance of gaming equipment, and oversight of the performance of the central gaming system. He worked in various positions in state lotteries across the country to achieve real institutional knowledge of the ins and outs of the brand new industry he was entering. Combining his latest knowledge with business sense, he decided to win contracts with the most important names within the industry.

The lottery industry is amazingly competitive, and contracts are sometimes awarded to large national firms. However, as Emmanuel grew his business, hiring experienced staff and expanding VSC’s capabilities, he began to make a reputation for himself as a trusted and talented operator within the industry. He soon partnered with titans in the sector and eventually became the one black business owner to operate a state lottery in your entire United States, in his home “state” of Washington.

But his success didn’t end there.

Bailey continued to hone his expertise, turning VSC right into a multi-million dollar company with over 100 employees. He was honored with the 2020 North American Association of State and Provincial Lotteries (NASPL) Powers Award, which he won based on nominations from the DC Lottery itself. In its nomination, the District of Columbia said Emmanuel “is far from a stereotypical executive… and will ensure that the DC Lottery continues to operate every day and that our company remains profitable into the long-term future.” It continues to grow its business by opening a VSC office in Maryland and searching to expand its geographic reach.

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Despite all his success, Emmanuel never forgot his family and his connection to his community. He stays deeply committed to giving back to DC communities. He has donated a whole lot of 1000’s of dollars to varied local DC-based organizations supporting programs comparable to school athletic and humanities departments, educational support and health care. He also served and continues to serve on the boards of many local organizations.

Now Emmanuel looks to the longer term. Always striving to enhance his business, Emmanuel works to enhance operations and improve the efficiency of the DC Lottery, while also giving back to the community and creating more opportunities for young children growing up in circumstances like his own. While his feet are firmly planted within the DMV, his ambitious and entrepreneurial spirit has his eyes on expansion into additional states. He says his best achievement, above all his other achievements, is that he helped his mother retire.


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This article was originally published on : www.blackenterprise.com

Business and Finance

Eagles and bosses have already won the winners of Philadelphia and Kansas City

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If you reside in the areas of the metro in Philadelphia or Kansas City, congratulations: the indisputable fact that your city has reached Super Bowl translates into about USD 200 additional in your pocket.

He agrees – regardless of whether Philadelphia Eagles or Kansas City Chiefs will win an excellent game on February 9, each cities have won economic victory. Studies show that Playoffs themselves are enough to extend personal income in the region. And in case your team wins, you and your city will get even greater growth.

This Gratel doesn’t come from increased sales of goods, as you would possibly expect. Instead, happiness is a key driver. A successful season raises the mood of fans, which is not directly – to larger expenses and performance.

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Why the win pays

I’m macroeconomist fascinated by sports economyAnd my colleague Christian end The University of Xavier is a psychologist specializing in fans’ behavior. Together, we published two studies connecting our areas of knowledge: “Winning proposal: Economic impact of successful NFL franchise“And”Team success, productivity and economic impact. “

In a study using data from the end of the twentieth century and at the starting of the twenty first century, we discovered that when the team moves from zero to 11 wins-the number needed for Playoffs-a home region sees a mean increase in income per person by around USD 200 per yr, corrected for inflation. We also discovered that the Super Bowl win was related to the premiere of USD 33, re -corrected with inflation.

When you multiply USD 200 by 6 million people living in a metropolitan area in Philadelphia and 2 million in the Kansas City region, that is because of all the money.

It’s about happiness, not T -shirts

If you’ve got ever been at the Super Bowl parade, you possibly can assume that increasing your income is related to people spending more on teams related to the team. But research shows that skilled sports teams normally have little impact on local income.

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Even the Super Bowl host doesn’t seem a lot: our research shows that folks are higher economically if their local team wins Super Bowl than if their local area is the host.

So if people don’t spend more directly on the team, something else have to be happening. Our work pointed to 2 possible explanations – each related to happiness.

First of all, we hypothesized that happier people normally spend more. And when people spend more, this money is returned to the population by wages, so people’s income is growing. The secret is that folks spend more on the whole lot, not only things related to sports teams.

Because the football season normally ends in December, it might be that completely satisfied parents, who’re fans of the local NFL team, spend more on Christmas presents for his or her children. When the Super Bowl stretches later for the winter, family members can get nicer floral bouquets and more chocolate for Valentine’s Day, when the local team wins Super Bowl.

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Happy people – like coach Kansas City Chiefs, Andy Reid, left, celebrating victory in the Super Bowl in the team on February 11, 2024 – they sometimes spend more.
Steph Chambers/Getty Images

Another possible path is increased performance. Psychological research has discovered this happier individuals are more productive. As the season passes and the team wins, he has the reason that folks in the area shall be completely satisfied and work hard.

Previous studies confirm this concept. For example, a 2011 study Federal regulatory authorities are more productive. In places where private corporations dominate in the local economy – which suggests that almost all of the rest of the US – a rise in performance would lead the company to a more profitable, which could lead on to residents of higher earnings. Not even fans see the advantages when their neighbors are happier, spend more and work hard.

Regardless of how the Super Bowl seems, each the Metropolitan areas of Philadelphia and Kansas City have already won, because each fans and out of every region can make the most of higher income.

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This article was originally published on : theconversation.com
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Business and Finance

Dei Target’s drama has just become more mess – and now investors want to recover money

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The ongoing controversy Dei Target simply turned to legal trading. The retail giant – along with the director general Brian Cornell and his current and former members of the board – stands within the face of the collective process, accusing them of misleading investors of monetary risk related to the corporate’s initiatives, own capital and integration (Dei).

A collective lawsuit filed by City of Riviera Beach Police Emeryant Fund in Florida claims that the goal issued “false and misleading” statements regarding his dei, environment and social policy. According to Reuters, Shareholders’ notification also states that the corporate has deceived them to pay inflated share prices and unknowingly supported the “improper use of investor funds to serve political and social purposes.”

The claim also refers to the controversial Pride 2023 LGBT campaign. As previously reported by Thegrio, the vendor was on the Center of Cultural War, when he debuted with pride goods, only to later draw chosen items after the confrontations in the shop aroused security concerns. This, after all, caused even greater indignation – each from those that opposed the gathering and those that felt betrayed by its removal.

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“For over a decade, Target offered a range of products to celebrate the month of pride,” said Target in May 2023, on ABC messages. “Since the introduction of this year’s collection, we have experienced threats affecting the sense of security and well -being of our team during work. Considering these unstable circumstances, we introduce corrections of our plans, including removal of elements that were in the center of the most important confrontational behavior. Currently, we focus on dealing with our constant commitment to the LGBTQia+ community and standing with them when we celebrate the month of pride and all year round. “

Despite public statements, investors claim that the choice led to a major decrease in shares and this purpose didn’t reveal the slack, which caused a decrease within the 22% Target share price on November 20, 2024, by breaking around USD 15.7 billion out there value.

The lawsuit appears among the many wider corporate retreat from Dei’s obligations. At the start of this 12 months, the major brands – including Walmart, Meta and McDonald’s – change Dei’s efforts after political control, especially from conservative circles. Now that investors are pushing one another, the longer term of Dei corporate strategies stays uncertain.

A growing list of companies that have stopped or got involved in diversity strategies and inclusion strategies

(Tagstranslat) goal

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This article was originally published on : thegrio.com
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86% of Black Americans are worried about tariffs this year – they will raise consumer prices –

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California, High Schools, Fourth of July, raise money, grants, Businesswomen, Financial Literacy, broke


The latest report shows that 86% of Black Americans are convinced that this year’s tariffs will raise consumers.

This possibility, resulting from the proposed President Trump, has already caused that many have modified their shopping habits.

Discoveries suggest that folks inflicted on fears about the potential harmful influence of tariffs on their wallets. On February 4, China imposed 10% to fifteen% on American goods after America imposed a ten% tariff on Chinese goods. Trump delayed 25% of the tariffs, which previously announced products from Canada and Mexico for month.

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Questionnaire 1 007 Last month, Americans were conducted on how tariffs can affect their purchasing habits, plans and bank accounts. It was commissioned by the vendor of production equipment for the position and made by Digital Third Coast, a digital digital marketing agency based in Chicago, which provided arrangements for 269 black surveyed.

The data has shown that 78% of black plans to vary the shopping method on account of potential tariffs. Seventy -seven percent are worried about how the tariff plan will financially affect them, and 76% claims that the threat of tariffs will increase prices. Fifteen percent began to wire positions in response to the expected tariffs.

In general, the study showed that 64% of respondents plan to scale back meals and regularly. Although most individuals need to support domestic products, 68% cite higher costs because the foremost barrier to the acquisition of goods produced by American.

The evaluation also showed that 68% of Black Americans claim that tariffs may also help revive American production, which is 11% of GDP. Currently, 78% of black claims that purchasing American goods is vital to them.

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In general, it was reported that the proposed tariffs for Canada, Mexico and China can increase costs by over USD 800 for every household this year. Observers also say that tariffs can raise prices, including in homes, cars, electronics, foodstuffs and gasoline.

Allison Hadley, an auction spokesman, told about some of the apparitions that got here out of the survey.

“We conducted this survey on January 10 and I think it is significant that even then more than two in the Three Americans believe that generally the tariffs will affect them negatively, and a similar amount already changes their shopping habits.”

She added: “Not only this, but 12% of Americans were the collection of items that they think will affect the tariffs. It seems that people are very worried about the economic fall from these tariffs. “

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(Tagstranslata) Consumer prices

This article was originally published on : www.blackenterprise.com
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