Master P is working to create Black-owned supercars. He will be working with a former Tesla engineer to try and make this happen.
What We Know:
- Master P took to Instagram on Martin Luther King Day to announce that he is partnering with former Tesla engineer Richard Patterson to create the next generation of supercars, Trion Supercars. This would make the Louisiana entrepreneur and music mogul the head of the first Black-owned supercar manufacturer in the United States.
- #RichardPatterson CEO of Trion, the first black-owned supercar manufacturer in America. He is a former engineer at Tesla, designing the Model S from scratch. He also designed the landing gear on the Boeing 777 and the folding seat system in the Dodge Minivan,” P wrote.
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- In a press release that went out last week, Percy “Master P” Miller and his son Romeo featured Patterson on the Master P Reviews YouTube program. Putting a focus on Patterson’s Trion Supercars Group, P and Romeo checked out the company’s 2000-horsepower Nemesis car. The Millers were so blown away by the car that they gave it a rating of 10 across the board.
- Patterson’s foray into automobile manufacturing and design began when he was just a teenager in Detroit, Mich. for General Motors. He went on to work as the advanced vehicle engineer for the Tesla Model S and is reportedly only one of four automotive engineers that can build a car from early design schematics to full production. In addition, Patterson designed the Model S car from scratch. Patterson also created the landing gear for Boeing 777 and the folding seat in the Dodge Minivan.
- Master P’s announcement comes just a month after he announced that he is trying to buy Reebok from Adidas in March of this year. Master P said that if he acquires Reebok, he plans on turning it into a lifestyle brand. Prior to that, Master P had created his own substitutes for Aunt Jemima and Uncle Ben’s after both brand logos were replaced last year. His food company, PJ Foods Company, launched “Uncle P’s Louisiana Seasoned,” which makes rice, beans, grits, pancake mix, syrup, and oatmeal.
This project is currently in its early stages, and further details of the design have not been released as of late.
Seth Rogen Brings His Cannabis Company, Houseplant, to U.S.
Houseplant, co-founded by Seth Rogen, is officially launching this month in the United States.
What We Know:
- The Canadian-American actor announced that his company, Houseplant, will be launching ceramic home products, ashtrays, lighters, and marijuana flower to California cannabis dispensaries sometime next week. According to NBC News, the Toronto-based company was created back in 2019 by Rogen and his longtime writing partner Evan Goldberg with the help of the Canopy Growth Corporation.
- The “Pineapple Express” actor made the announcement on Monday via Twitter, writing, “Almost ten years I go, I envisioned having my own weed company. And today I can say that my company Houseplant’s weed will be available in California next week!”
Almost ten years I go, I envisioned having my own weed company. And today I can say that my company Houseplant's weed will be available in California next week! Also, Houseplant is making lovely Housegoods like ashtrays, lighters, and YES, even ceramics. https://t.co/TNjpWFhbWB pic.twitter.com/00xR8QKNH3
— Seth Rogen (@Sethrogen) March 1, 2021
- In a follow-up tweet, Rogen captured one of his Sativa strains called “Pancake Ice,” which packs a punch with 33% THC. He also added that the company has even compiled vinyl records with a mixed soundtrack for each of the 3 available strains. Shortly after the announcement was made to Rogen’s 9.1 million fans on Twitter, the Houseplant website crashed.
- Forbes Magazine reports that Houseplant has already separated itself from the competition by marketing itself as a luxury cannabis company with a minimalistic style. The recyclable, eco-friendly packaging even won a Clio Cannabis Award in 2020 for its unique design approach.
“This is just the beginning,” Rogen promised. “This is honestly my life’s work, and I’ve never been more excited about anything. I hope you enjoy it.”
Costco to Raise Hourly Pay to $16 as Minimum Wage Fight Brews in Congress
Reports show CEO of Costco, Craig Jelinek, says the company is raising the starting hourly wage at $16.
What We Know:
- The fight to raise the minimum wage to $15, also affiliated with tag #Fightfor15 on Twitter, has been gaining a lot of traction this week. Corporations have been making an effort to increase their starting hourly wage due to pressure from state regulation and brewing discussions from political figures. According to a report done by NBC, Jelinek said the company has always been about providing competitive salaries and affordable health care to its employees during a senate budget committee.
- Jelinek stated that Costco would be raising its hourly rates to $16 starting next week. Two years prior to this announcement, Costco raised their hourly rate to $15 showing that the company is progressive in raising wages for its employees. According to Jelinek, more than half of Costco’s U.S employees earn hourly wages of more than $25.
- Raising the minimum wage is gaining support from several politicians. Alexandria Ocasio-Cortez, D-N.Y., seems to be a major supporter of increasing the hourly rate for minimum wage. She sent out a tweet criticizing Republican Colleagues Mitt Roney, R-Utah, and Tom Cotton, R-ARK, for only raising the minimum wage to $10. Ocasio-Cortez says that $10 is not enough and will still have many Americans living in poverty.
When members of Congress fight to set the minimum wage below a living wage, they are playing a role in creating and preserving poverty in the United States.
The $15/hr proposal with multi-year phase in is already a deep compromise.
$10 an hour is legislated poverty. https://t.co/uMlzZJt8yb
— Alexandria Ocasio-Cortez (@AOC) February 23, 2021
- Other politicians opposed to raising the minimum wage to $15 statewide, are filing proposals that would only allow individual citizens to benefit from the wage increase. In Florida, voters have flooded the polls to approve a constitutional amendment that will raise Florida’s minimum wage. According to News4Jax.com, Jeff Brandes, R-St. Petersburg has filed a proposal that would allow the legislature to provide exemptions to those who would otherwise qualify for an increase in the hourly minimum wage. Those exemptions would affect workers under the age of 21, state prisoners, and workers convicted of any felonies.
Despite the great news for Costco employees, the fight to raise the federal minimum wage to $15 was not approved in Joe Biden’s COVID relief proposal.
Inclusion of Minimum Wage Increase in COVID Relief Bill Denied
Parliamentarian says the $15 hourly minimum wage increase is not allowed in the Covid Relief Bill.
What We Know:
- On Thursday, February 25, the Senate Parliamentarian Elizabeth MacDonough, denied the proposed Covid Relief Bill’s inclusion of a minimum wage increase. This bill was not compliant with the governing rules budget, and the process enabled Democrats to pass the rescue package without the GOP votes. Democrats considered raising the federal minimum wage a priority.
- The minimum wage is supposed to be a living wage, but that is not the case. Nearly half of all private-sector workers do not have earned sick time, according to oxfamamerica.org. The hourly rate hasn’t kept up with the cost of living since the late 1960s. The earnings of a minimum-wage worker with a family of four fall well below the poverty line, according to investopedia.com.
- Many struggling Americans claimed Earned Income Tax Credit (EITC) relief, which helps low-to-moderate-income workers get a tax break. The amount of credit may change if children, dependents, or the disabled meet the criteria. If this bill passes, then the EITC can expand. The number of jobs lost more than doubles the numbers seen in the 2007-2009 Great Recession, when 8.7 million Americans lost their jobs, according to cidrap.umn.edu.
- The advantages of increasing the federal minimum wage from $7.25 would be taking tax deductions away from large profitable corporations that don’t pay workers at least $15 an hour. It will lift almost 1 million people out of poverty, and raise the pay floor.
Raising the federal minimum wage would hopefully provide more financial security for many of those still in a financial bondage position.
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