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]]>The NFL is putting its money where its mouth is.
The league announced Thursday that it will commit $250 million over a 10-year period to different programs that combat systematic racism and fight against social inequality.
”The NFL is growing our social justice efforts through a 10-year, total $250 million fund to combat systemic racism and support the battle against the ongoing and historic injustices faced by African-Americans,” the league said in a statement. “The NFL and our clubs will continue to work collaboratively with NFL players to support programs to address criminal justice reform, police reforms, and economic and educational advancement.
The NFL added: “In addition to the financial commitment, we will continue to leverage the NFL Network and all of our media properties to place an increased emphasis on raising awareness and promoting education of social justice issues to our fans and help foster unity.”
This comes after NFL Commissioner Roger Goodell publicly apologized Friday for not “listening” to black players when they spoke out about racism in the past.
“We, the National Football League, condemn racism and the systematic oppression of black people. We, the National Football League, admit we were wrong for not listening to NFL players earlier, and encourage all to speak out and peacefully protest,” he said.
The NFL has wrestled with public perception of the way it handled players who knelt during the national anthem. In 2018, the league faced backlash for approving a policy that blocked players from kneeling on the field, and eventually halted it.
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The about-face comes amid widespread protests in response to the death of George Floyd while in Minneapolis police custody, as well as other African-Americans’ deaths. In his video, Goodell wholeheartedly embraced the Black Lives Matter movement, which protests racial inequity in the justice system.
“We, at the National Football League, believe Black Lives Matter,” he said. “I personally protest with you and want to be part of the much-needed change in this country.”
“Without black players, there would be no National Football League and the protests around the country are emblematic of the centuries of silence, inequality, and oppression of black players, coaches, fans and staff. We are listening, I am listening, and I will be reaching out to players who have raised their voices and others on how we can improve and go forward for a better and more united NFL family,” Goodell added.
The Minnesota Vikings announced Wednesday that the organization and the Wilf family will make a $5 million donation to social justice causes across the United States. The money is expected to go to those organizations that “fight hate, racism and inequality,” the team said.
The team’s ownership group — which includes team owner and chairman Zygi Wilf, owner and vice chairman Leonard Wilf, owner and team president Mark Wilf, and owner and executive vice president of strategic planning and business initiatives Jonathan Wilf — said that “the contributions from this fund will be determined in part through collaboration with players.”
The Vikings made a previous commitment of $500,000 by the Wilf family to the Social Justice Committee over the past two years. Those funds have been directed toward scholarships for low-income students, school supplies, legal aid for disadvantaged and underrepresented populations, and law enforcement relations. This donation is expected to build on that.
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The Vikings also announced an endowment for the George Floyd Legacy Scholarship with an establishing gift of $125,000 by the Vikings Social Justice Committee.
“Our organization and the players have shown a commitment to these causes over the last several years, but we know we need to and can do more,” Zygi Wilf said in a statement. “We want this investment to support the many diverse and meaningful social justice efforts throughout our country, but it can only be one piece of our overall work toward having a sustainable impact. Our actions within our communities will be the driving force for creating profound change.”
Fox News’ Sam Dorman contributed to this report.
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]]>The post Oil topples to 18-year low as coronavirus dings China GDP appeared first on Virus Reports.
]]>U.S. oil rates plunged Friday after China reported its gross domestic product shrank for the first time because recordkeeping began in 1992 as the economy was closed down to slow the spread of COVID-19
West Texas Intermediate petroleum for May delivery toppled by as much as 9.26 percent to $1803 a barrel, its most affordable given that October 2001, before trimming its losses. The contract, which ends on Wednesday, was trading at $1859
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” Lingering weakness in domestic need together with a prolonged duration of worldwide weak point will most likely prevent GDP from going back to its pre-virus path until at least the middle of next year even in the middle of the ramp-up in policy stimulus,” composed Julian Evans-Pritchard, a Singapore-based senior China economist at the research firm Capital Economics.
China’s first-quarter gross domestic product fell 6.8 percent year-over-year in the January-to-March duration, according to the National Bureau of Statistics, larger than the 6 percent drop that economic experts surveyed by Reuters were anticipating.
The sharp economic contraction is a sneak peek of things to come for the remainder of the industrialized world, consisting of the United States, as the COVID-19 pandemic come from China, affecting its economy initially.
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Slower economic development indicates there will be less require for oil and its byproducts, consisting of gasoline and jet fuel. In a report out Thursday, OPEC said international need will fall by 6.9 million barrels per day in the middle of the COVID-19 pandemic. In a separate report out Wednesday, the U.S. Energy Info Administration said 9.3 million barrels per day of demand has been zapped.
The weaker demand exacerbates a supply excess that was intensified when a rate war broke out in between Saudi Arabia and Russia on March 9.
In virtual talks last weekend, the world’s biggest oil producers reached an agreement to trim international production by about 20 million barrels daily in May and June.
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OPEC and its allies will lower output by 9.7 million barrels a day while the remainder of the cuts originate from major players such as the U.S. and Canada, mainly as an outcome of lower costs. The arrangement also says OPEC producers and their allies will minimize production by 7.7 million barrels a day from July through next year.
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