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Months after COVID-19 forced an unprecedented global shutdown that set the stage for historic job losses, things are starting to go back to normal.Unemployment appears to be improving – at least at surface level. The monthly unemployment rate declined in May and the economy added an estimated 2.5 million jobs that month.But there’s a disparity these reports don’t highlight – what unemployment looks like right now for people of color.In May, unemployment was highest among Latinx workers, at 17.6%. In the same month, Black unemployment reached 16.8%, its highest level in a decade. Asian unemployment also rose in May, to 15%.You start to see disparities when you bring in white unemployment. In May, it dropped 2.5% to 12.4%. That’s the biggest monthly drop – and lowest monthly rate – of any group.Experts say career distribution can help explain some of the disparities. People of color fill a disproportionate number of jobs in retail and hospitality. Those jobs were some of the first to be cut as the new coronavirus spread.But people of color also fill a big portion of jobs like grocery clerks and cooks. Those jobs, which are considered “essential” right now, traditionally don’t pay much and have been considered most expendable in past economic downturns.With Black workers earning the lowest median income of any group in the United States, experts worry any cuts to the currently “essential” workforce would have a disproportionate impact.Beyond the pandemic, numbers show Black unemployment is consistently higher than white unemployment. There’s been progress, though. The gap has been narrowing since the great recession and reached a low point in late 2019. 1686

Music producer DJ Khaled and boxer Floyd Mayweather Jr. were charged by the Securities and Exchange Commission with promoting investments in initial cryptocurrency coin offerings without revealing that they'd been paid.The SEC has said that cryptocurrency coins sold in initial coin offerings (ICOs) may be considered securities and subject to federal securities laws.Both Khaled and Mayweather settled with the SEC and agreed not to promote any securities, even digital ones, for two years and three years, respectively, the SEC said Thursday. They also agreed to give the money they'd received to the SEC and pay penalties and interest.Mayweather failed to disclose that he'd received 0,000 from three different ICO issuers, including 0,000 from Centra Tech. Khaled failed to disclose a payment of ,000 from the same company.Centra has separately been charged by the SEC, which alleged that its ICO was fraudulent.Centra could not immediately be reached for comment.Both Mayweather and Khaled promoted Centra's ICO on their social media accounts. Khaled called it a "game changer" while Mayweather encouraged his followers to get in on the ICO, saying he'd taken part.Mayweather also commented on another ICO, saying he was going to make a lot of money."You can call me Floyd Crypto Mayweather from now on," he tweeted.The SEC, which has made it clear that ICOs can be fraudulent, encourages would-be investors to be wary of those ICOs that are endorsed by celebrities."With no disclosure about the payments, Mayweather and Khaled's ICO promotions may have appeared to be unbiased, rather than paid endorsements," said SEC Enforcement Division co-director Stephanie Avakian."Social media influencers are often paid promoters, not investment professionals, and the securities they're touting, regardless of whether they are issued using traditional certificates or on the blockchain, could be frauds," said Steven Peikin, another SEC enforcement division co-director.This is the first time the SEC has brought charges against individuals for promoting ICOs and the investigation is ongoing. 2128

More than 100 people are believed dead Friday after a Cubana de Aviacion Boeing 737-200 crashed on takeoff from Havana's Jose Marti International Airport, according to Cuba's state-run media.Three female passengers were in critical condition after surviving the crash into thick vegetation just miles from the runway, the state-run newspaper Granma reported.Flight DMJ 0972, with at least 104 people on board, was headed to the eastern Cuban city of Holguin when it plummeted into in an agricultural area in the Santiago de las Vegas neighborhood at 12:08 p.m., according to Granma.Orestes Bentancour, who lives near the crash site, told CNN that he was drawn out of his home by the "enormous noise" the plane made on takeoff. He said the plane appeared to swerve to one side and revved its engines before crashing.Five crew members on board were Mexican nationals, according to Mexico's Civil Aviation Authority.The nearly 30-year-old Boeing 737-200 was owned by the Mexican airline Damojh and leased to Cubana de Aviacion, the Civil Aviation Authority said in a statement. The charter flight "suffered a failure" and crashed about six miles from the airport.Search and rescue personnel descended on the area -- with some residents helping -- as firefighters tried to extinguish the flames, according to photos and video from the scene.The Granma report included a photo from an airport terminal of a towering plume of black smoke rising in the distance.A large fireball followed by a plume of smoke was visible near the airport on the outskirts of Havana, according to witnesses.Cuban President Miguel Diaz-Canel was at the scene of the accident, the newspaper reported.Diaz-Canel later offered his condolences to the victims' families and told reporters the cause of the crash was under investigation.The fire at the crash site had been extinguished and no one on the ground was injured, he said.Mexican President Enrique Pena Nieto offered his condolences via Twitter.Holguin is more than 700 km (about 435 miles) east of the Cuban capital. Cuban state media originally reported the flight was bound for Guyana.Cubana de Aviacion -- the national carrier -- has had to ground some of its aging fleet because of safety issues, though the cause of Friday's crash is unknown.In November 2010, a domestic passenger plane with 61 passengers and 7 crew members crashed in central Cuba, according to state media.The Aerocaribbean flight, carrying 28 foreign passengers and 40 Cubans, was traveling from the eastern province of Santiago de Cuba to Havana.The-CNN-Wire 2570

MOSCOW (AP) — Russia is boasting that it’s about to be the first country to approve a COVID-19 vaccine, with mass vaccinations planned as early as October using shots that are yet to complete clinical trials. But scientists worldwide are sounding the alarm that the headlong rush could backfire and point to ethical issues that undermine confidence in the Russian studies. Moscow sees a Sputnik-like propaganda victory, recalling the Soviet Union’s launch of the world’s first satellite in 1957. But the experimental COVID-19 shots began first-in-human testing on a few dozen people less than two months ago, and there’s no published scientific evidence yet backing Russia’s late entry to the global vaccine race, much less explaining why it should be considered a front-runner.“I’m worried that Russia is cutting corners so that the vaccine that will come out may be not just ineffective, but also unsafe,” said Lawrence Gostin, a global public health law expert at Georgetown University. “It doesn’t work that way. ... Trials come first. That’s really important.”According to Kirill Dmitriev, head of Russia’s Direct Investment Fund that bankrolled the effort, a vaccine developed by the Gamaleya research institute in Moscow may be approved in days, before scientists complete what’s called a Phase 3 study. That final-stage study, usually involving tens of thousands of people, is the only way to prove if an experimental vaccine is safe and really works. 1467

National Guard troops stationed along the US-Mexico border have contributed to 1,600 apprehensions of people crossing the border illegally and the capture of about 1,000 pounds of marijuana in their three-and-a-half weeks on the job, according to a Customs and Border Protection official.The official said the National Guard troops have also contributed to 451 "turn backs," where individuals abandon an attempt to illegally cross into the US.The official did not have comparison numbers available, so it was not possible to determine if those figures were substantially more than if National Guard troops had not been dispatched to the border. 652