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Monday, May 31, 2021

Seattle Names Newest Street Sweeper 'OK Broomer' - NPR

The punny choice was tops in the naming contest run by the Seattle Department of Transportation. The name was suggested by an 11-year-old resident. The submission got over 1,500 votes on Twitter.

NOEL KING, HOST:

Good morning. I'm Noel King. The Seattle Department of Transportation has unveiled the name of its newest street sweeper, OK Broomer. The pun-y (ph) choice was tops in a city-run naming contest. It was proposed by 11-year-old Pascal, who lives in Seattle. His submission got over 1,500 votes on Twitter. Other names in the running included Brush Hour, Sweep Caroline and, of course, Sweepless in Seattle. It's MORNING EDITION.

Copyright © 2021 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

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Child dies after fire on Hague Street; two officers taken to hospital - 13WHAM-TV

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Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed - CNBC

Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection.
GHI | Universal Images Group | Getty Images

A century ago this week, the wealthiest U.S. Black community was burned to the ground.

At the turn of the 20th century, the Greenwood District of Tulsa, Oklahoma, became one of the first communities in the country thriving with Black entrepreneurial businesses. The prosperous town, founded by many descendants of slaves, earned a reputation as the Black Wall Street of America and became a harbor for African Americans in a highly segregated city under Jim Crow laws.

On May 31, 1921, a white mob turned Greenwood upside down in one of the worst racial massacres in U.S. history. In the matter of hours, 35 square blocks of the vibrant Black community were turned into smoldering ashes. Countless Black people were killed — estimates ranged from 55 to more than 300 — and 1,000 homes and businesses were looted and set on fire.

A group of people looking at smoke in the distance coming from damaged properties following the Tulsa, Oklahoma, racial massacre, June 1921.
Oklahoma Historical Society | Archive Photos | Getty Images

Yet for the longest time, the massacre received scant mentions in newspapers, textbooks and civil and governmental conversations. It wasn't until 2000 that the slaughter was included in the Oklahoma public schools' curriculum, and it did not enter American history textbooks until recent years. The 1921 Tulsa Race Riot Commission was formed to investigate in 1997 and officially released a report in 2001.

"The massacre was actively covered up in the white community in Tulsa for nearly a half century," said Scott Ellsworth, a professor of Afro American and African studies at the University of Michigan and author of "The Ground Breaking" about the Tulsa massacre.

"When I started my research in the 1970s, I discovered that official National Guard reports and other documents were all missing," Ellsworth said. "Tulsa's two daily white newspapers, they went out of their way for decades not to mention the massacre. Researchers who would try to do work on this as late as the early 1970s had their lives threatened and had their career threatened."

The body of an unidentified Black victim of the Tulsa race massacre lies in the street as a white man stands over him, Tulsa, Oklahoma, June 1, 1921.
Greenwood Cultural Center | Archive Photos | Getty Images

In the week following the massacre, Tulsa's chief of police ordered his officers to go to all the photography studios in Tulsa and confiscate all the pictures taken of the carnage, Ellsworth said.

These photos, which were later discovered and became the materials the Oklahoma Commission used to study the massacre, eventually landed in the lap of Michelle Place at Tulsa Historical Society & Museum in 2001.

"It took me about four days to get through the box because the photographs were so horrific. I had never seen those kinds of pictures before," Place said. "I didn't know anything about the riot before I came to work here. I never heard of it. Since I've been here, I've been at my desk to guard them to the very best of my ability."

Patients recovering from injuries sustained in the Tulsa massacre. American National Red Cross Photograph Collection, November 1921.
Universal History Archive | Universal Images Group | Getty Images

The Tulsa museum was founded in the late 1990s, but visitors couldn't find a trace of the race massacre until 2012 when Place became executive director, determined to tell all of Tulsa's stories. A digital collection of the photographs was eventually made available for viewing online.

"There's still a significant number of people in our community who don't want to look at it, who don't want to talk about it," Place said.

'The silence is layered'

Not only did Tulsa city officials cover up the bloodbath, but they also deliberately shifted the narrative of the massacre by calling it a "riot" and blaming the Black community for what went down, according to Alicia Odewale, an archaeologist at University of Tulsa.

The massacre also wasn't discussed publicly in the African American community either for a long time. First out of fear — if it happened once, it can happen again.

"You are seeing the perpetrators walking freely on the streets," Odewale said. "You are in the Jim Crow South, and there are racial terrors happening across the country at this time. They are protecting themselves for a reason."

Moreover, this became such a traumatic event for survivors, and much like Holocaust survivors and World War II veterans, many of them didn't want to burden their children and grandchildren with these horrible memories.

Ellsworth said he knows of descendants of massacre survivors who didn't find out about it until they were in their 40s and 50s.

"The silence is layered just as the trauma is layered," Odewale said. "The historical trauma is real and that trauma lingers especially because there's no justice, no accountability and no reparation or monetary compensation."

A truck carries African Americans during race massacre in Tulsa, Oklahoma, U.S. in 1921.
Alvin C. Krupnick Co. | National Association for the Advancement of Colored People (NAACP) Records | Library of Congress | via Reuters

What triggered the massacre?

On May 31, 1921, Dick Rowland, a 19-year old Black shoeshiner, tripped and fell in an elevator and his hand accidentally caught the shoulder of Sarah Page, a white 17-year-old operator. Page screamed and Rowland was seen running away.

Police were summoned but Page refused to press charges. However, by that afternoon, there was already talks of lynching Rowland on the streets of white Tulsa. The tension then escalated after the white newspaper Tulsa Tribune ran a front-page story entitled "Nab Negro for Attacking Girl In Elevator," which accused Rowland of stalking, assault and rape.

In the Tribune, there was also a now-lost editorial entitled "To Lynch Tonight," according to Ellsworth. When the Works Progress Administration went to microfilm the old issues of the Tribune in the 1930s, the op-ed had already been torn out of the newspaper, Ellsworth said.

Many believe the newspaper coverage undoubtedly played a part in sparking the massacre.

The aftermath

People stand outside the Black Wall Street T-Shirts and Souvenirs store at North Greenwood Avenue in the Greenwood District of Tulsa Oklahoma, U.S., on Thursday, June 18, 2020.
Christopher Creese | Bloomberg | Getty Images

For Black Tulsans, the massacre resulted in a decline in home ownership, occupational status and educational attainment, according to a recent study through the 1940s led by Harvard University's Alex Albright.

Today, there are only a few Black businesses on the single remaining block in the Greenwood district once hailed as the Black Wall Street.

This month, three survivors of the 1921 massacre — ages 100, 106 and 107 — appeared before a congressional committee, and a Georgia congressman introduced a bill that would make it easier for them to seek reparations.

Rev. Dr. Robert Turner of the Historic Vernon Chapel A.M.E. Church holds his weekly Reparations March ahead of the 100 year anniversary of the 1921 Tulsa Massacre in Tulsa, Oklahoma, U.S., May 26, 2021.
Polly Irungu | Reuters

Meanwhile, historians and archaeologists continued to unearth what was lost for decades. In October, a mass grave in an Oklahoma cemetery was discovered that could be the remains of at least a dozen identified and unidentified African American massacre victims.

"We are able to look for signs of survival and signs of lives. And really look for those remnants of built Greenwood and not just about how they died," Odewale said. "Greenwood never left."

— CNBC's Yun Li is also co-author of "Eunice Hunton Carter: A Lifelong Fight for Social Justice."

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How to detour around 2-month closure of 116th Street in Fishers - IndyStar

Street racers shutdown intersection and perform donuts in the middle of intersection - CBS46 News Atlanta

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Illegal Street Vendors on San Francisco Waterfront Sell Food, Alcohol Raising Health Safety Concerns - CBS San Francisco

SAN FRANCISCO (KPIX) — Thousands of tourists were returning to San Francisco on this Memorial Day weekend. Some of the hotspots included Fisherman’s Wharf and Pier 39 where it was hard to walk down the street without bumping into people.

“The crowds are a lot bigger than I thought it was going to be,” said Jeff Hill, visiting the city from Chico.

READ MORE: City Slickers Lose Their Cool Picking Cherries in Brentwood During Heat Wave

It was a good sign for area merchants after a year of lockdown. The problem was a thriving, unlicensed market at the wharf was drawing a lot of the tourists away from lawful, brick-and-mortar merchants.

Carlos Salazar manages a juice shop called Mango Crazy. He said it was a double whammy: first the pandemic and now the illegal vendors. He said they were struggling with the expensive rents and utilities.

“(The street vendors are) taking 60% or 65% of the sales from us,” Salazar said.

Visitors were spending money on clothes, jewelry and even alcohol at the unlicensed street-vendor market. About half a dozen tents sold shots, cocktails and beer.

“There’s no ID-checking so, literally, a minor can walk up and buy alcohol. The alcohol is a new factor, they’ve taken it to the next level,” said Randall Scott, executive director of the Fisherman’s Wharf Community Benefit District, which represents about 300 merchants.

Scott has been fighting the issue for the past two years but the problem has escalated in recent months. Aside from the alcohol, food vendors were cooking with propane tanks and there was no place for them to wash their hands.

READ MORE: VTA Light Rail Service Suspended Indefinitely; Buses Running Along Routes

“One is having to abide by all the health and safety regulations and the other one is not. I would call it an unfair business practice,” Scott said.

The business owners complained to the city and the state but a 2018 state law, senate bill 946, prevents the Port of San Francisco from criminalizing these vendors along the waterfront.

The port communications director, Randy Quezada, said they have been providing education, warning and multilingual flyers to the vendors but the vendors continue to ignore the port’s request to leave.

Supervisor Aaron Peskin introduced legislation last week to start a pilot program for permitting and regulating the street vendors on port property. Mayor London Breed’s office told KPIX the mayor will work with Supervisor Peskin to resolve the issue quickly.

If the supervisors approve the pilot program, the program will not allow vendors to sell food or alcohol.

Many of the vendors are non-English speakers. Some were laid off during the pandemic. They said they were trying to survive like everybody else.

MORE NEWS: San Francisco's Kearny Street Workshop Provides Voice To Asian-American Artists

“It’s a sign of the times, right? The stores over there are closed,” said Leasa Hill, who was visiting from Chico and bought drinks from the street vendors. “We have this market over here. This is actually what I love — I love, like, the farmers market setting.”

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Paul Rucker's 'Black Wall Streets' Marks 100 Years Since The Tulsa Race Massacre - NPR

Artist Paul Rucker is creating a new multimedia work to commemorate the 100th anniversary of the Tulsa Race Massacre. That's when a thriving African American community was destroyed in a horrific act of violence that wiped out hundreds of Black-owned businesses and homes. Above, an aerial view of Tulsa, Okla., Fowler & Kelly, 1918. GHI/Universal History Archive/Universal Images Group via Getty Images

GHI/Universal History Archive/Universal Images Group via Getty Images

Artist Paul Rucker is fearless when it comes to taking on terrible moments in American history.

"The work that I do evolves mostly around the things I was never taught about," Rucker explains. Over Zoom, he's discussing his work in progress, Three Black Wall Streets, which evokes and honors the achievements of Black entrepreneurs and visionaries who created thriving spaces of possibility and sanctuary after the end of the Civil War.

One of them, in Tulsa, Okla., was destroyed by a white mob 100 years ago, on May 31, 1921. The catastrophic attack on what was known as Black Wall Street might be the worst single episode of racial violence in American history, with 35 city blocks of Black community destroyed and flattened.

"Ten thousand Black people left homeless," Rucker says. "Churches were burned. Schools. Libraries. Theaters. Everything in the Black community."

Tulsa's Greenwood area was a thriving commercial and residential district before the Tulsa Race Massacre, as its now known. Destruction of Black wealth and property – by arson, firebombing, even dynamite dropped from planes – went on for two days. The atrocity went unmentioned or was underplayed in official state history for decades. Police records, newspaper stories and other evidence from the era vanished from archives. It was only last year that the story became part of the curriculum in Oklahoma schools — after the HBO show Watchman helped bring it to the popular consciousness in 2019.

Its first episode begins with a shocking – and accurate – depiction of the mayhem. "A lot of people were giving Watchman a lot of credit for bringing attention to Black Wall Street," Rucker says. "Well, people in the Black community have been talking about it for years."

Rucker's multimedia work tackles mass incarceration, lynching, police brutality and the various insidious ways America is shaped by our legacy of slavery. His 2018 TED talk, about appropriating the symbols of systemic racism, has almost two million views.

An art world powerhouse, Paul Rucker, who recently turned 53, can count seven museum shows this year. His resume reads like a list of prestigious grants and fellowships, and he was the first artist in residence at the Smithsonian's National Museum of African American History and Culture. But before all the recognition and awards, Rucker worked as a janitor at the Seattle Art Museum. He used leftover art supplies to realize his vision, because he couldn't afford new ones. Born in Anderson, S.C., Rucker's father was a yard worker, born in 1905.

Paul Rucker's work will be featured in seven museum shows in 2021. Ryan Stevenson/Paul Rucker

Ryan Stevenson/Paul Rucker

"He was 63 when I was born," Rucker says. "He grew up during the height of lynching, so he was around during Black Wall Street. He didn't tell me about the bad incidents that may have happened to him. But he had to be careful. He had to be careful about what direction he looked. You had people during the time he was born who were lynched because they knocked on the wrong door."

Paul Rucker remembers seeing Klan rallies when he was small. As a young teen, he sat on the street and ate ice cream while watching a Klan parade go by. About seven years ago, Rucker started sewing Klan robes himself. "I use kente cloth. I use camouflage," he explained in his TED talk. The material stands for the ways racism gets camouflaged, too. "We have segregated schools, neighborhoods, workplaces. And it's not the people wearing hoods that are keeping these policies in place. My work is about the long-term impact of slavery. The stealth aspect of racism is part of its power. Racism has the power to hide. And when it hides, its kept safe, 'cause it blends in."

With his Tulsa project, originally called Banking While Black, Rucker first planned to build an installation using the guts of an old bank. But COVID-19 changed everything. Now the project is virtual, with three universities involved: George Washington University, Virginia Commonwealth University (where Rucker gave a recent talk about the project) and Arizona State University, which plans some sort of physical exhibit with the project this fall.

"Paul does ask us to bear witness, for sure," says Miki Garcia, director of the ASU Art Museum. Her school's partnering with Rucker, she says, in all kinds of ways this year, including a huge group project called Undoing Time: Art and the Histories of Incarceration. "He is surfacing histories that have been intentionally, I believe, obscured. So whether it is looking at the history of mass incarceration or the Klan robes or the Tulsa Race Massacre, he makes history viscerally present."

In this project, the history focuses on three Black Wall Streets: in Tulsa, Durham, N.C., and Richmond, Va. A website, designed with the help of students and professor Kevin Patton at GWU's Corcoran School of Art and Design, will immerse visitors into these communities at their zenith.

"We're not including any of those pictures of destruction on this website," Rucker says. "Zero. "

While some Black communities, such as those in Tulsa and Rosewood, Fla., were savagely destroyed by mobs in the early 1920s, Rucker points to another kind of economic violence wrecked upon thriving Black commercial districts all over the county. Mid-century urban renewal programs prioritized highways over Black communities. They tore up Black neighborhoods and split them apart, in cities from Syracuse to Miami to Indianapolis to Houston to Oakland.

"A lot of my work is about violence," Rucker says. "I mean, I have more work about dead people than anyone I know. It wears me down, but I have to tell these stories because they need to be told. [But] this may be my last project around race and dealing with atrocities."

The legacy of these economic atrocities, says Rucker, include the chipping away of Black wealth, the coordinated exclusion of Black people from boards and management jobs, and from representation in classrooms. For the past year, Rucker acted as a mentor to a student group called B.A.S.E – Black Art Student Empowerment at Virginia Commonwealth University, and worked with them to develop a database of Black-owned businesses to include in the final project."

"It's important we have elevated into this culture and legacy that has been left behind," says Shayne Herrera, the group's president. A VCU senior, he's concentrating on painting and printmaking. Too often, he's the only African American in the room. "Paul met with us every week during the pandemic making sure that we can create this space of, you know, Black creativity and safeness."

Ultimately, Rucker wants to enlist audiences in understanding a complicated and cruel history in order to move forward with compassion. Three Black Wall Streets, he says, is not just about something that happened 100 years ago. It's about the ashes of destruction that smolder still.

"[Three Black Wall Streets] is also about student loans," the artist says, and about owning real estate. People ask Rucker about his Klan robes all the time, he adds, admiring his 'radical' art work. "But the most radical thing I've done as a Black man — as an artist – is buy property."

Rucker owns a house near the VCU campus, and what used to be Richmond, Virginia's Black Wall Street, a place where the first Black woman became a bank president, in the early 1900s. Today, Rucker is one of only a couple of Black homeowners in the area. When the country's Black Wall Streets were ravaged and ruined, he says, we were left with a moral and spiritual bankruptcy.

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Sunday, May 30, 2021

Street Food - ”Rahasia” Pembentuk Rasa Khas Kuliner Suroboyo - Jawa Pos

Kuliner Kota Pahlawan punya cita rasa yang kaya. Gurih, pedas, manis, kuat rempah. Selain wani bumbu, mayoritas menu andalan kota yang berulang tahun besok (31/5) tersebut punya tambahan bahan khusus. Yakni, petis. Petis tak hanya menjadikan warna masakan lebih hitam, tapi juga menambah sensasi rasa gurih dan manis.

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Wall Street struggles to sell Washington on Bitcoin for the masses - POLITICO

A strong push by Wall Street to open up access to Bitcoin investment is meeting resistance from a bipartisan group of lawmakers and regulators in Washington, setting up a lobbying fight over the future of digital currency.

Major financial industry players including Fidelity Investments and Anthony Scaramucci’s SkyBridge Capital are pressing the Securities and Exchange Commission to approve their plans to launch funds on public stock markets that would let small investors tap into the rise of Bitcoin prices.

Wall Street says it’s getting in the game and trying to launch so-called exchange-traded funds linked to cryptocurrency in response to surging demand, with the market for Bitcoin alone exceeding $670 billion. Firms are pouring money into lobbying to shape regulation and to convince skeptical policymakers that digital currency is viable for wider adoption for the masses.

But lobbyists face an uphill battle that has gotten even tougher after dramatic price swings in recent days, with Bitcoin plunging nearly 40 percent since early May. The investor risks are building on broader concerns about whether cryptocurrency fuels money laundering, aids tax evaders and could threaten the safety of the financial markets themselves if broadly adopted.

"Our country needs to take a deeper dive on how to deal with cryptocurrency before any regulations are put in," Sen. Elizabeth Warren (D-Mass.), a member of the Banking Committee, said in an interview. "The wild swings of crypto prices sound an alarm that every regulator hears."

The debate over Bitcoin exchange-traded funds, or ETFs, will be an important indicator of how far Washington is willing to let digital currency markets flourish amid growing questions about whether crypto serves any value to society or is just a speculative fad that carries real risks for investors.

Bitcoin is the biggest of the virtual assets, which unlike the dollar are distributed outside of government control and often operate on a decentralized basis. The pending proposals for Bitcoin ETFs would allow more investors to gain exposure to the digital currency without having to purchase it directly.

The funds would essentially replicate the prices of Bitcoin and other cryptocurrencies. Investors could buy shares of the funds and sidestep the need to have so-called digital wallets to hold the digital currency. The complications of handling and trading the virtual assets would be left to fund managers.

The SEC has long taken a skeptical view of the funds, going as far as rejecting earlier proposals by the Winklevoss twins — of Facebook fame — because of worries that the agency could not guarantee safeguards against fraud and manipulation.

In addition to pending fund proposals backed by Fidelity and Scaramucci’s SkyBridge, One River Digital Asset Management is being advised by former SEC Chair Jay Clayton as it pitches a “carbon neutral” Bitcoin ETF. Clayton led the agency in the Trump era and didn’t sign off on any of the cryptocurrency fund proposals during his tenure. While in office, Clayton highlighted concerns that cryptocurrency markets were ripe for fraud and manipulation and said that regulators had a host of issues to resolve before permitting ETFs.

The SEC, which is responsible for allowing the funds to launch, appears to be in no hurry to expand access to Bitcoin investments. The agency’s new chair, Gary Gensler, has emerged in recent weeks as a clear crypto skeptic. That surprised some advocates who were hoping he’d be more amenable to Bitcoin after teaching and researching digital finance at MIT.

Gensler has flagged fundamental concerns about the operations of the underlying cryptocurrency market that the ETFs want to track. He says exchanges that facilitate the buying and selling of digital currency aren’t adequately regulated and that market data is lacking.

“Altogether, this has led to substantially less investor protection than in our traditional securities markets, and to correspondingly greater opportunities for fraud and manipulation,” Gensler said in House testimony Wednesday.

Despite the growing industry enthusiasm, Wall Street is also split on the future of cryptocurrency. Some executives are dismissing the push to expand access even as their firms try to satisfy customer demand.

JPMorgan Chase CEO Jamie Dimon said in House testimony Thursday that his company — the nation’s largest bank — was debating how to make it available in a safe way. But Dimon's personal advice? “Stay away from it.”

“That does not mean the clients don't want it,” Dimon said. “It goes back to how you have to run a business. I don't smoke marijuana, but if you make it nationally legal I'm not going to stop our people from banking it.”

One of Gensler’s colleagues is urging him to act. SEC Commissioner Hester Peirce, a Republican on the agency’s five-member board, said Gensler’s recent warnings “conveyed the overly conservative approach that has typified the SEC in the crypto arena.” She said the agency should move forward with approval of crypto funds on their merits.

Six applications are pending with the SEC to list cryptocurrency ETFs on stock exchanges run by the New York Stock Exchange and Cboe Global Markets. Wall Street titans are lining up to provide services for the funds, including Morgan Stanley, Bank of New York Mellon and State Street.

“Given the growth of the market and increased interest, the stakes are high as people compete to be the first approved," Peirce said.

By not bringing digital currency into the regulatory mainstream, Peirce and industry players say the SEC is allowing crypto activity to remain outside the purview of government watchdogs.

“What that does is it allows the wild Wild West to continue,” said Tom Quaadman, executive vice president of the U.S Chamber of Commerce Center for Capital Markets Competitiveness.

Jan van Eck, the CEO of the $71 billion asset manager VanEck, said those who oppose Bitcoin ETFs — like the one his firm is proposing — "are effectively forcing investors into inferior fund structures and less regulated venues."

Critics of moving forward with the funds say the SEC needs to first address underlying risks in the cryptocurrency market.

“The regulatory concerns about Bitcoin and other cryptocurrency markets go far beyond ETF issues," said Joseph Cisewski, senior derivatives consultant and special counsel to the Wall Street reform group Better Markets. "The crypto exchanges operate almost entirely in the dark, and we’ve repeatedly seen how risks increase and evolve when they are allowed to develop in the cracks of our regulatory system.".

On Capitol Hill, lawmakers from both sides of the aisle — including staunch Bitcoin advocates — are unconvinced or on the fence, indicating that the SEC will face political pressure to continue to slow-walk the issue.

The companies “need to show their contribution to our economy, and in that sense, they really haven’t done well,” Senate Banking Chair Sherrod Brown (D-Ohio) said in an interview.

"I would caution the commission against prioritizing the review of cryptocurrency ETFs over fulfilling the legal directives of Congress," said Rep. Brad Sherman (D-Calif.), who leads SEC oversight in the House and wants the agency to finish rules languishing from the 2010 Dodd-Frank law.

Republican lawmakers who champion free markets and digital currency said in interviews that they too are taking time to study the issue before backing the efforts.

“I'm not clear yet on exactly what we should do,” said Sen. Cynthia Lummis (R-Wyo.), who in May launched the bipartisan Senate Financial Innovation Caucus to encourage policy development in crypto and other financial technologies.

Sen. Thom Tillis (R-N.C.), who with Lummis serves on the Senate Banking Committee, said he's concerned about the accuracy of the underlying reference prices for the funds because crypto trading occurs on venues that aren’t regulated by the SEC.

Tillis said the fund applications “have to be scrutinized, mainly from a consumer protection perspective.”

“We need to figure out how we deal with this,” said Sen. Jon Tester (D-Mont.), a member of the Banking Committee. “Otherwise you’re going to have a lot of people lose a lot of money."

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These are Wall Street’s top analysts favorite stocks heading into June - CNBC

An employee preps a John Deere & Co. excavator for sale at Martin Equipment in Rock Island, Illinois.
Daniel Acker | Bloomberg | Getty Images

With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way for further economic re-opening this summer.  

We used TipRanks analyst forecasting service to pinpoint stocks earning bullish support from the Street, narrowing our search to only calls made by the best-performing analysts. These are the analysts with the highest success rate and average return per rating, taking into consideration the number of ratings published by each analyst.

Here are top Wall Street analysts' five favorite stocks heading into June:    

Advanced Micro Devices

Northland Capital analyst Gus Richard says it's to infinity and beyond for Advanced Micro Devices. In line with this optimistic take, the five-star analyst reiterated a Buy rating and $116 price target.

Richard believes that the semiconductor name will have a solid Q2, but argues the real question is whether PC demand will slow as the economy re-opens. According to the analyst, the answer is yes, but points out that AMD's "better products" are helping it to take market share from Intel.

 "One of the most difficult markets to penetrate is the corporate client. In CY19 Intel was short on 14nm capacity and late on 10nm and this limited its ability to meet demand opening the door for AMD in the corporate market. We estimate that AMD currently has a 5% to 7% share of the higher-margin corporate client market and expect its share to accelerate as corporations dual source," Richard explained.

Additionally, based on Intel's recent results and the analyst's industry checks, Intel has been focused on low-end Chromebooks, and "these dynamics bode well for a strong 2H for AMD in the client market," in Richard's opinion.

With this in mind, Richard argues that over the next few years, AMD's revenue share in the PC clients market will reach around 50%, from 20% currently. It also is in the second year of a game console product cycle, which the analyst believes could lead to an improvement in gross margins for this segment.

It should also be noted that AMD has an advantage in the x86 server space. "We believe leadership in the x86 market is driven primarily by process technology and to a lesser extent design differentiation. INTC is chasing government money to build foundries in the US putting it into competition with TSMC. While INTC has struck a longterm supply agreement with TSMC they are also becoming a competitor to TSMC. It is in TSMC's best interest to favor AMD over INTC as it will get all of AMD's lead edge logic business," Richard commented.

Landing a top 40 spot on TipRanks' list of best-performing analysts, Richard boasts a 71% success rate and 33.8% average return per rating.

Amedisys

Operating in the healthcare services space, Amedisys offers home healthcare (HH), hospice services and disease management programs.

According to Oppenheimer's Michael Wiederhorn, the company's "growth story remains on track," prompting the analyst to maintain a Buy rating. In addition, he left the $325 price target as is.

"We hosted meetings with Amedisys and believe the company remains well-positioned for growth in the post-pandemic era, driven by organic opportunities as it bulks up its BD staff and leverages opportunities to further penetrate existing markets with its sizable hospice platform, which included ~$600 million in acquired hospice revenues," Wiederhorn noted.

Across both of its main segments, trends have been bouncing back, with elective procedures moving toward 100% of baseline. As for the hospice business, Amedisys' primary focus is on admissions, but Wiederhorn points out that LOS issues might have normalized.

Some investors have expressed concern about labor inflation, but Wiederhorn doesn't see this as a significant issue. The analyst tells investors that "despite the ongoing noise in the marketplace," labor inflation is under control and management is watching the wage environment.

"Amedisys has continued to generate low turnover rates (15%) that are well below the market and historical levels (40%) due in large part to its predictive analytics that identify vulnerable employees," Wiederhorn added.

When it comes to M&A, the company is "optimistic on the longer-term upside from home health M&A, as the myriad of pandemic-related benefits, including sequestration, payroll tax, Medicare accelerated payments, CARES Act money and the RAP impact, are set to expire," says Wiederhorn. He also points out that Amedisys has made a significant effort to establish partnerships which "leverage its high quality scores."

"The company spoke positively regarding its SNF @ Home Partnership with Sound Physicians, which deploys some form of capitation, while its Fresenius dialysis partnership has partial capitation," Wiederhorn stated.

Thanks to his 76% success rate and 23.6% average return per rating, Wiederhorn is ranked #34 out of over 7,000 analysts tracked by TipRanks.

Deere

Even though Deere bumped up its outlook for 2021, Jefferies analyst Stephen Volkmann thinks these estimates "could prove conservative." With this in mind, the top analyst reiterated a Buy rating. In addition, he gave the price target a lift, with the figure moving from $400 to $450.

When trying to call Deere's next peak, it is "complicated," in Volkmann's opinion. "First, management's commentary around the cycle – both Large and Small Ag business at roughly 110-115% of mid-cycle – excludes the last supercycle and therefore undercounts the potential. Second, we estimate overall ASPs have increased 40-50% since the 2013 peak through a combination of emissions regulations, increased technology content, and normal inflation," the analyst explained.

So, what's the bottom line? Volkmann estimates that the total potential revenue is $55 billion, and at 20% EBIT margin, this amounts to $30 in earnings power, not including additional capital employment. 

According to the management team at Deere, for 2021, consolidated sales are set to rise 23.5%-28.5% (compared to the previous 16%-25% estimate), with this factoring in FX and pricing tailwinds.

Volkmann points out that although the company is benefitting from commodity price inflation, management has warned about a $750 million freight/logistics and material costs headwind for the rest of this year. In addition, given that the 2021 order book is filled, it might be hard for Deere to cover additional increases. That being said, the analyst argues "pricing was the standout message of the quarter, adding roughly 6 percentage points to F1H growth and 5-plus points to the full-year outlook."

What's more, Deere is evaluating additional structural changes, with this potentially including overseas footprint consolidations and closures. Its key priorities are to streamline the organizational structure, make "more focused capital allocation decisions geared toward the higher-growth, higher-margin portion of the portfolio," expand the aftermarket opportunity and increase Wirtgen synergies.

Volkmann lands a top 100 ranking as a result of his 74% success rate and 25.8% average return per rating.

Zscaler

Calling Zscaler's latest quarterly performance "another jaw dropper," Wedbush's Daniel Ives remains very much with the bulls. To this end, the analyst kept a Buy rating and $240 price target on the cloud-based information security company.

Looking at the print, billings gained 71% and surpassed the consensus estimate by 20%-plus, with Ives noting its "clear that the zero trust shift is hitting another gear of growth with ZS leading the charge."

Expounding on this, Ives stated, "While the bears and skeptics on ZS threw the company in the 'WFH growth tailing off crew' over the last few months, we continue to view this is a zero trust cloud transformation name that will see massive growth prospects for the foreseeable future as the company is essentially the only game in town on enterprise scale zero trust cyber security deployments."

Arguing that Zscaler is in the "drivers seat" when it comes to the cloud cyber security shift over the next ten years, Ives believes that the current IT landscape has ramped up the company's ability to capitalize on the opportunity.

"In our opinion, ZS is the best pure play in the cloud security arena, which we believe is still in the very early innings of taking off with overall hybrid cloud workloads poised to meaningfully accelerate over the coming years and in this climate could see some strategic deals moved forward as the shift to cloud outside the firewall is catalyzing a handful of key sales cycles," Ives commented.

According to the Wedbush analyst, the need to secure applications, data and consumers outside the firewall highlight the huge total addressable market.

Summing it all up, Ives said, "To this point given last night's results and our increased confidence in the ZS story, we believe a further re-rating is still in the cards over the next 12 to 18 months."  

Ives' stellar track record speaks for itself. The #73 rated analyst has delivered a 68% success rate and 30.4% average return per rating.  

AtriCure

AtriCure has developed a portfolio of products for the surgical ablation of cardiac tissue to treat persistent atrial fibrillation (AF) in concomitant and stand-alone procedures.

For BTIG analyst Marie Thibault, there are multiple reasons to be bullish on AtriCure's long-term growth prospects. Bearing this in mind, the five-star analyst reiterated a Buy rating and a $76 price target.

Recently, Thibault hosted a call with Dr. Michael Panutich, a cardiac electrophysiologist (EP) at the Hoag Heart & Vascular Institute, who has been performing the hybrid Convergent procedure, which involves endocardial catheter ablation and epicardial ablation using AtriCure's EPi-Sense Coagulation Device, since 2017. Given that the FDA has approved the EPi-Sense device in long-standing persistent AF, Dr. Panutich believes that the number of hospitals adopting and marketing the procedure will grow.

On top of this, Thibault points out that the FDA approval could make it easier to secure reimbursement, as "fewer insurers will be able to push back on the treatment as being 'experimental' or require a failed ablation first."

"This discussion left us with the impression that ATRC's minimally invasive franchise is poised for robust growth, that careful training will be key to continued success with the Convergent procedure, and that the AF field will continue to be a source of clinical progress," Thibault commented.

What else is driving Thibault's confidence? The analyst highlights the ongoing momentum for AtriClip, AtriCure's product designed for use in the occlusion of the left atrial appendage, one of the most common sources of stroke. She is also expecting to see new verticals like cryoablation contribute to revenue generation.        

Thibault sports an impressive 65.8% average return per rating, helping her to earn a #127 ranking.

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Blood on the Streets: Two stabbed in overnight Thames Street violence - Newport Buzz

An early Sunday morning fight on Newport’s Lower Thames Street has led to at least two adult male stabbing victims.

The violence broke out just after 1:00am Sunday morning at 546 Thames Street, a popular downtown Newport AirBnB location. Witnesses report that one of the victims was bleeding on the corner of Thames and Lee Streets when he was transported to Newport Hospital via ambulance.

At 2:00am Sunday morning, a heavy police presence was in front of and inside 546 Thames Street, with police tape blocking the eastern sidewalk from Underwood Court to Lee Avenue.

There were at least 8 police vehicles on scene.

546 Thames Street Newport stabbing

Sunday morning police were still on scene while the Newport Fire Department worked to wash the blood from the sidewalk using high-powered hoses.

Kamala Harris

Newport Police are still investigating the incident and have not yet issued a statement. The condition of the two men remains unknown but sources say their conditions do not appear to be life threatening.

This story will be updated.


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The Black Wall Street Times held grand opening with an enthusiastic crowd - The Black Wall Street Times

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A crowd celebrates the grand opening of The Black Wall Street Times’ storefront at 217 E. Archer in Greenwood. (Photo by Mike Creef / The Black Wall Street Times)

Saturday morning, The Black Wall Street Times media organization held its grand opening at the new space, 217 E. Archer. Selling merchandise, including the Greenwood 100 magazine, the grand opening affair drew crowds on the deck in front of Times’ sign for music and appetizers.

Honored for their work as influences on The Black Wall Street Times were Oklahoma City journalist Tyreke Baker of The Black Times, Tulsa’s Tyrance Billingsley of Black Tech Week, and OKC ally Jess Eddy. The grand opening also featured Mr. Jerry Goodwin of The Oklahoma Eagle, an historic Greenwood weekly. 

Tyrance Billingsley of Black Tech Week poses after receiving an award from The Black Wall Street Times. (Photo by Mike Creef / The Black Wall Street Times)

“We’re so grateful to all the supporters who came out, and to reach the crowd with Mr. Jerry Goodwin, another 1921 Tulsa Race Massacre descendant, made the event even more special,” said Nehemiah D. Frank, founder and editor-in-chief of The Black Wall Street Times. Nehemiah also gave a shout out to long-time editors Deon Osborne and Autumn Brown, as well as current writers Mike Creef, Erika Stone, Nate Morris, and Sarah Gray, and producer Ryan Fitzgibbon, along with artist Zach Frazier. 

Crowd explores new space

Supporters were in awe of the new space, and quickly bought out nearly all the merchandise, which included shirts and jackets with The Black Wall Street Times logo, as well as Greenwood sweatshirts, and books from Fulton Street, Tulsa’s only Black-owned bookstore, the vision and dream of Onikah Asamoa-Caesar, another Times partner and supporter. 

The Black wall street times

A crowd explores The Black Wall Street Times storefront for the first time, located at 217 E. Archer in historic Greenwood. (Photo by Mike Creef / The Black Wall Street Times).

The crowd sipped on mimosas, iced tea, and appetizers while well-known local music artist JusFAYE performed for the crowd. Tables were set up for supporters to sit and enjoy the ambiance and the crowd, all celebrating Mr. Frank and his vision of a Black-focused newspaper that speaks to people of color across Tulsa — and the country. 

The ribbon cutting ceremony featured Mr. Frank and Mr. Goodwin, whose influence on Black media cannot be understated, said Mr. Frank. Afterwards, some of The Times writers and contributors to the storefront posed for pictures in front of the crowd. 

The black wall street times

Some members of The Black Wall Street Times pose for a photo. (Photo by Unknown)

The Black Wall Street Times space opens Monday through Friday, from 10:00 a.m. to 5:00 p.m. Hours will be extended during The Black Wall Street Legacy Fest this weekend. 

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Why Democrats Are Angry At Wall Street - NPR

A house under foreclosure in Las Vegas displays a sign on Oct. 15, 2010, saying that it's now bank-owned. Sen. Sherrod Brown has vowed increased scrutiny of Wall Street banks, in part after a surge in foreclosures in his hometown in Ohio over a decade ago. Mark Ralston/AFP via Getty Images

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Sen. Sherrod Brown (D-Ohio) hasn't forgotten the Great Recession.

In the first half of 2007, Brown recalls, there were more foreclosures in his hometown than anywhere else in the country. It was a period that led to the Global Financial Crisis: Millions of Americans lost their homes, while banks and other corporate sectors were rescued by billions of dollars in bailouts.

More than a decade later, Democrats control all three branches of government, and Brown and fellow populists like Sen. Elizabeth Warren, D-Mass., and Rep. Maxine Waters, D-Calif., are in powerful perches to oversee the Big Banks.

And Brown, like many of these top Democrats, believes that too many American are still getting the short end of the stick.

"They never get bailed out," Brown says in an interview with NPR. "They never get a second chance. They're just not in a position in an economy like this, where Wall Street writes the rules, where they can get ahead."

That anger has been magnified at a time when banks have seen their profits soar during the pandemic, in part, thanks to strong actions by the Federal Reserve to support markets.

And top Democrats believe they are justified in pushing for change at Big Banks.

They want to push the country's largest financial institutions to be agents of social change. And they have specific goals, like expanding access to loans and impose fewer fees for average Americans, or more outreach to unbanked and underserved communities.

"They did very well during the pandemic," Brown notes about the banks. "We've seen stratospheric compensation levels. We see stock buybacks and dividend distribution. Yet, wages throughout our economy are essentially flat."

Sen. Sherrod Brown talks with reporters in Capitol Hill, Washington, D.C., on Feb. 4. As chairman of the Senate Banking Committee, Brown has pledged to increase scrutiny of major banks. Tom Williams/CQ-Roll Call, Inc via Getty Images

Tom Williams/CQ-Roll Call, Inc via Getty Images

Brown is the chairman of the Senate Committee on Banking, Housing, and Urban Affairs, which also includes Warren, another Democrat with a reputation for being tough on Wall Street.

The Massachusetts senator played a key role in the creation of the Consumer Financial Protection Bureau (CFPB) in the aftermath of the Global Financial Crisis.

"You know, most people think of congress in terms of passing legislation, and yeah, that's part of the job," she tells NPR. "But the other part of the job is oversight."

That oversight was in evidence when Brown's committee this week brought in the chief executives of the country's top six banks for questioning as part of an annual oversight.

During that hearing, Warren asked Jamie Dimon, the chairman and CEO of JPMorgan Chase, about overdraft fees the bank charged its customers during the pandemic, which she estimated at nearly $1.5 billion.

The heated exchange ended when Warren asked Dimon if he would volunteer to refund that money. He declined.

Warren is unapologetic about pushing banks to do more given their roles as critical institutions in society.

Bank executives, Warren says, "have a responsibility to execute on making their banks part of the solution to our economic and racial problems across this nation."

Sen. Elizabeth Warren heading to a news conference in Washington, D.C., in April 27. Warren, a member of the Senate Banking Committee, tells NPR that a key part of her job as a lawmaker will be oversight. Tom Williams/CQ-Roll Call, Inc via Getty Images

Tom Williams/CQ-Roll Call, Inc via Getty Images

But Republican lawmakers disagree with that very premise. They criticize executives for comments they have made – about voting rights, in particular, and they are critical of companies making business decisions based on environmental considerations.

"That ought to be left to elected lawmakers," says Sen. Pat Toomey, R-Penn., the ranking Republican on Brown's Banking Committee.

Bankers aren't naïve to the politics at play. Democrats have a small majority in the House of Representatives and a razor-thin majority in the Senate. And the midterm elections are less than two years away.

But even with a change in power in Congress, analysts warn banks are likely to face continued presure from Democrats — and society — on key aspects of their operations, from whom they lend money to where they invest.

"Banks have no choice but to address these issues, because it impacts their communities, their customers, and their employees," says Mike Mayo, a banking analyst at Wells Fargo Securities. "You have to live in the real world, and the real world has these issues as part of the banks' businesses."

Rep. Maxine Waters fist bumps President Biden at the Capitol in Washington, D.C., on April 28. Waters warns banks she will not be undermined in an interview with NPR. Melina Mara/POOL/AFP via Getty Images

Melina Mara/POOL/AFP via Getty Images

That message was made clear by Waters, a California lawmaker in a powerful position to influence banks as chair of the House Financial Services Committee.

"You know, what I have discovered about the banking community is that they have had a way of operating traditionally, historically, and they don't change easily," Waters tells NPR.

But Waters adds she will still demand changes in Wall Street.

"I think that many of them have come to understand that I can be dealt with, but I cannot be tricked. I cannot be fooled," she says. "And I don't accept being undermined."

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