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When two Stanford economists, Bob Wilson and Paul Milgrom, won the 2020 Nobel Prize in Economic Sciences, it was announced very early in the morning Pacific time. So early, that one of the men didn’t pick up their phone and was told about the award through his security camera.“Paul, it’s Bob Wilson. You’ve won the Nobel Prize, and they’re trying to reach you,” Wilson said to his co-recipient through the front door camera around 2 a.m. PT.Milgrom responds, “Wow, yeah, OK.” 484

When the pandemic hit, a Southern California man made it his mission to make sure under-represented communities and minority-owned businesses didn't fail. What started as a small online movement grew into the thousands.It has one goal: to help one another.Keven Seo is the self-titled "super connector."“As an extroverted extrovert, the No. 1 way to kill an extrovert is to put them in quarantine,” Seo said.The quarantine wasn't his style.“I love connecting people, I love communities, I like connecting pieces so when I hear people talk about a business or what they need or who they need, I love introducing them to each other and watching that relationship happen,” Seo said.But, that's not really possible during a complete lockdown -- so one would think."I noticed there was a lot of hardship and they did vocalize ‘hey, our business isn’t doing so well,’” Seo said. “[When] I started seeing this, I realized our community didn’t have a place to see each other, talk, meet, not just discuss problems but see how we can help each other with our connections.”He created a small space on the internet called "Network with Kevin" for Asian-Americans.“Asking for help is hard, too, like as an Asian-American, I was taught to put my head on the ground, work hard and that’s it,” Seo said. “But (for) a lot of us, community is so important, we have to do it together so I really try to create a community of genuine connection.”They meet weekly on Zoom and talk about hardships and how to reach out. New partnerships have formed such as new tech companies and restaurants amid the COVID-19 shutdown.These partnerships formed because of Seo’s work.“I’m Asian-American and an immigrant and if I go up to another Asian-American, they’re going to trust what I say we’re growing up in the same background," Seo said. “That way we can connect faster and help each other faster and right now is a critical time for that."He says, it sounds silly, but one of the first things he did was go to small Asian-owned restaurants and highlight their food to help drive business.One of those businesses is Modern Filipino Kitchen in Anaheim, California.“We serve Filipino food; we do Filipino culture with a modern look but we also keep the traditional flavors that you’d find in the Philippines,” Henry Pineda, the restaurant’s owner and chef.Pineda says opening a restaurant was a childhood dream of his.“My family in the Philippines, they have a restaurant,” Pineda said. “They’ve been open 30 years. Every time we go back, I found myself in their restaurant causing havoc over there.”When the shutdown happened, he lost more than 80% of his business and he was scared. Enter Seo and his "Network with Kevin" community.“A lot of people didn’t know who we were,” Pineda said. “They were able to see us and come support through his network and we’re a small mom and pop. We don’t have a budget for marketing or a PR person so that video and him putting us out there really helped us out and drive people to us.”In turn, Pineda says, he's helped others who are out of work, by holding popup restaurant events to give people a job. And they've all found common ground in a common group of friends, helping one another.“What I was taught growing up was this symbol for human being was another human leaning on a human being that’s what I was taught at a young age to always rely on the community and that’s why it’s important to me today," Seo said.For the extroverted extrovert, he says, at the very least, he has a ton of friends and they have a bond that only they will recognize. “It brings familiarity," Seo said. "It's very similar cultures so there’s more understanding what someone else has gone through or what family background they have with their upbringing." 3760

When Mahdi Hashemian was looking for a bicycle for his 7-year-old daughter Zeynab last week, the Cambridge, Massachusetts, resident decided to skip his local cycle shops in favor of a Black-owned one a few miles away in Boston’s Dorchester neighborhood.At Spokehouse, a bike shop with “Black Lives Matter” painted in large bold letters outside, the pair picked out a simple, white-colored model and had training wheels and a white basket for its handlebars installed.Hashemian, who is set to earn his doctorate from MIT, said he’s been reminded in recent weeks of the outpouring of support he felt from the campus community when President Donald Trump imposed a ban on travelers from Muslim majority countries in 2017, including his native Iran.“It seems small,” he said of his bike purchase, “but a little show of support can mean a lot.”As the May killing of George Floyd by a white police officer in Minneapolis has fueled a worldwide outcry against racism and police brutality, many on social media are encouraging people to spend their money at Black-owned businesses. Lists of local retailers, artisans and manufacturers have been circulating on Instagram, Facebook and Twitter, helping Black-owned businesses raise their profile at a time when the coronavirus pandemic has ravaged the economy.According to Google, searches for “Black owned businesses near me” reached an all-time high last month in the U.S. Yelp has also made it easier for customers to search for Black-owned establishments on the restaurant review site, and Uber Eats says it’ll waive delivery fees for purchases from Black-owned restaurants through the end of the year.“It’s great seeing people realize that where they shop can be another form of activism, that it’s a way to put your money where your mouth is,” said Randy Williams, founder of Talley & Twine, a Black-owned watch company in Portsmouth, Virginia. “You’re helping Black businesses become self-sustaining, and that helps the whole ecosystem.”Sales at Talley & Twine these past few months are up more than 300% from the same period last year, partly because more people are shopping online during the pandemic, he said. But the company was also recently mentioned on a number of social media lists of Black-owned businesses, and its Juneteenth-themed watch sold out before the June 19 holiday commemorating the emancipation of enslaved African Americans, Williams said.In Los Angeles, cupcake sales and shipping orders on other sweets are up at Southern Girl Desserts after it was also mentioned on social media lists, said Catarah Coleman, co-owner of the bakery in the city’s Baldwin Hills neighborhood.“It’s not nearly the level of business we had before the virus, but it’s something,” she said. “If we only depended on foot traffic and folks just stayed in their own neighborhoods, I’m not sure we’d be able to keep going.”At Slade’s Bar and Grill in Boston’s historically Black Roxbury neighborhood, online gift card purchases and take-out orders are up significantly as the long running soul food and live music venue — which boasted Malcolm X, Muhammad Ali and Martin Luther King, Jr. as patrons in its heyday — is just starting to reopen after shuttering during the pandemic, said Shawn Hunter, the managing partner.“We’re definitely seeing white customers and customers from outside the neighborhood that we would probably have never seen before,” Hunter said.In nearby Dorchester, Kerri Thibodeau said she drove about half an hour from suburban Stoughton to shop at Pure Oasis, the state’s lone Black-owned retail marijuana shop and one of the few in the nation.The 35-year-old mother of two, who is white, said there’s a marijuana shop about five minutes from her house but she decided to support Pure Oasis after hearing that more than 0,000 worth of marijuana products were stolen from the shop during a large Black Lives Matter protest through Boston last month.“We really need to come together and show that it doesn’t matter the color of our skin,” Thibodeau said after buying some marijuana flower and pre-rolled joints last week.But the business boon hasn’t been without growing pains for some companies. Black-owned bookstores have struggled to keep up with a surge in orders, many of them for a handful of sold-out titles on race relations.In Boston, the owners of Frugal Bookstore, the city’s only Black-owned bookshop, say customers are already seeking to cancel orders and complaining about delays and poor customer service. The Roxbury shop, which raised more than ,000 through an earlier social media campaign to help it weather the economic downturn, said in a note to customers that went viral last week that 75% of the more than 20,000 purchases it’s received are for the same 10 books.At Spokehouse, the Boston bike shop, owner Noah Hicks hopes the interest isn’t a passing fad and that it leads to more concrete efforts to address the challenges facing Black entrepreneurs, including access to capital.Hicks said his nearly five-year-old shop’s sales have tripled this month, compared to last June, in part because bike shops are enjoying brisk business during the pandemic .The shop also received about ,000 in donations after it was robbed during last month’s unrest, though Hicks ended up donating about half to efforts benefiting the local Black community, including covering the costs for a “Ride for Black Lives,” a cycling rally in Boston this past weekend.“People being intentional about their economic purchases is refreshing,” he said. ”But we also want them to help tear down the systems that make it hard for us, not just spend their dollars with us.” 5660

When it's one hundred degrees in Washington D.C., it's hard to get outside to do anything. But for supporters of the late Congressman John Lewis, the opportunity to pay respects to the civil rights icon is worth the sweat. "We knew before coming out here that the heat index would be 105," Lenora Simpson said. "He never stopped, he never gave up, he was always fighting," Simpson added. "I always tell my grandchildren if it wasn’t for the pioneers we don’t know where we would be," Simpson added. Simpson, like so many men and women lining up outside the U.S. Capitol, never met Lewis. They just know his legacy as a fighter for equality. 27 year-old Joshua Maxey, however, did meet Lewis five years ago during an interview. He stood in line Monday thinking of the advice Lewis gave the man. "[He said] now it’s your time, It’s your generations time to pick up the mantle, obviously those words are still stuck with me today," Maxey said. 949

With his pledge to save a major Chinese company from crippling US sanctions, President Donald Trump has delivered yet another twist in the trade clash with Beijing.His announcement on Twitter that he's working to give China's ZTE "a way to get back into business, fast" was a sudden shift in the US stance at the start of a big week for trade ties between the world's top two economies.Washington and Beijing have threatened to impose tariffs on tens of billions of dollars of each other's products, fueling fears of a full-blown trade war.Talks in Beijing earlier this month aimed at dialing down the tensions failed to produce any major breakthroughs. But Chinese President Xi Jinping's top economic adviser is heading to Washington this week for more negotiations. American companies will also have a chance to publicly tell the Trump administration what they think about its planned tariffs on Chinese goods.Here's what to keep an eye on this week. 960