Credit is King

  On September 8th, the second largest credit bureau in the world, Equifax, reported to the public that its digital security was compromised and that the personal information of millions – possibly in the range of 140-150 million – was stolen. As the details slowly emerge and we learn more about what, or who, may … Continued


A Rant about Income Inequality, Small Businesses, and the Need for Radical Solutions

  Lately, I’ve been on a mission to find resources to replenish LURN’s Semi’a Fund, a low interest loan fund that caters to street vendors and other low-income entrepreneurs who do not qualify for capital from nonprofit lenders or banks. It’s been a bit challenging and I’ve learned a lot about how capital flows (or … Continued


“Rent-Seeking” Los Angeles

Does Los Angeles have a “rent seeking” problem? No, I’m not referring to the many, critical housing issues of Los Angeles. In this case, “rent,” refers to “economic rent,” which is income gained through fabricated conditions of exclusivity. For example, if a gardener is willing to work for $12 per hour, but makes $15 per … Continued