Terrence Howard Claims He Invented ‘New Hydrogen Technology’ To Defend Uganda

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Terrence Howard on the red carpet for

By BET

Former Empire actor and red carpet scientist Terrence Howard is currently visiting Uganda as part of a government effort to draw investors from the African diaspora to the nation. He is claiming he has what it needs to change the world.

According to Vice, Howard made a lofty presentation on Wednesday, July 13, addressing officials and claiming to have developed a “new hydrogen technology.”

Famously, Howard argued in Rolling Stone that one times one equals two, and now he says his new system, The Lynchpin, would be able to clean the ocean and defend Uganda from exploitation via cutting-edge drone technology. The proprietary technology he announced in a 2021 press release is said to hold 86 patents.

“I was able to identify the grand unified field equation they’ve been looking for and put it into geometry,” he shared in front of an audience of Ugandan dignitaries. “We’re talking about unlimited bonding, unlimited predictable structures, supersymmetry.”

“The Lynchpins are now able to behave as a swarm, as a colony, that can defend a nation, that can harvest food, that can remove plastics from the ocean, that can give the children of Uganda and the people of Uganda an opportunity to spread this and sell these products throughout the world,” he added.

Howard, who briefly quit acting in 2019 only to come out of retirement in 2020, has seemingly made rewriting history a personal side hustle. According to Vice, he made nebulous claims that rapidly went viral on social media, saying, “I’ve made some discoveries in my own personal life with the science that, y’know, Pythagoras was searching for. I was able to open up the flower of life properly and find the real wave conjugations we’ve been looking for 10,000 years.”

While his latest claims have yet to be clarified, Howard was invited to speak by Frank Tumwebaze, the minister of agriculture, animal industries, and fishery.

Click here to read the full article on BET.

How Mentorship Levels The Playing Field For Bloomberg’s Black Technologists
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Mentorship is a vital component of inclusion strategies, especially when trying to attract and retain diverse talent.

One study found that women and people from underrepresented groups are more likely to say that mentoring was an important aspect of their career progression. But, for it to be successful in helping with career advancement, research indicates that mentorship must be more than simply instructional; a mentor must play the dual role of coach and counselor. And, even though there are obvious benefits for the mentee, there may also be benefits for the mentor.

Companies must understand how to effectively establish mentorship programs when trying to recruit and retain talent. It is also important for employees from underrepresented backgrounds to understand how to effectively and strategically seek out and engage with their mentors.

Numerous mentorship programs have been implemented across Bloomberg to help accelerate the growth potential of high-performing employees from different backgrounds. This includes targeted mentorship programs that pair Black employees with managers for career development opportunities.

One of these efforts, the Bloomberg Black in Tech Mentorship Program, was launched for the first time early last in 2021, with 15 pairs of mentors/mentees. The goals of this tailored mentorship program were to provide members of the Bloomberg Black in Tech (BBIT) group from around the globe with the opportunity to broaden their networks, increase their visibility, retain and engage talent, foster career development (for both mentors and mentees), and continue creating an inclusive and diverse culture within Engineering.

We spoke to two mentor/mentees pairs to learn how the BBIT Mentorship Program helped them grow professionally: Akin Mousse (pictured) (San Francisco) and Akshit Kumar (New York), and Meshach Jones (New York) and Peter Baxter (London).

Tell us about your role & how long you’ve been at Bloomberg.

Akin: I joined Bloomberg in London almost nine years ago as part of the Desktop Build Group (DBG). I had the opportunity to move to San Francisco in 2015 and transitioned into a software engineer role two years ago by joining the BQuant Financial Libraries (FinLibs) team. My main focus is to create user-facing APIs that our clients can use with the BQuant platform to help facilitate their investment decisions.

Akshit: Bloomberg was my first job after school, and I have been working here for more than 18 years. In my current role as Engineering Manager for Currency & Commodities Trading Applications (FXGO & CMET), I get to not only work and learn from my team members, but also to collaborate with the wider Engineering organization and our Product & Sales counterparts.

Meshach: I joined Bloomberg around four and a half years ago, straight from university. Since joining the company, I’ve worked on several teams in AIM’s compliance area. I’ve focused on a range of projects from search improvement to re-designing how we generate our market value calculations.

Peter: I’m in a leadership role in Markets, Community & AI (MCA), responsible for Worksheets and Dynamic List. I’ve been at Bloomberg for 15 years and have spent time in a number of different roles, mainly in MCA, where I’ve been a TL for three teams.

Why were you interested in volunteering to participate in this mentorship program?

Akin: I decided to join BBIT after transferring from the Desktop Build Group to the BQuant Engineering team. My main goal was to find people who looked like me and were part of the Engineering department. I was looking for a community I could leverage while making this transition. When BBIT offered a mentorship program in early 2021, I quickly volunteered to take part as a mentee, as I saw it as a career and personal growth opportunity.

Akshit: For me, there were two specific reasons I decided to take part as a mentor.

First, through every stage of my career, various people had unofficially mentored me. They not only honed my analytical and decision-making skills, but also opened their networks to me. Having spent the time I have at Bloomberg, I felt that it was time to do my best to pass on the lessons I had learned about leadership.

Second, and just as important, I expected it to be a great learning experience for me. In the past, I have mentored individuals who were up for a career progression. However, I felt that the BBIT Mentorship Program would help me learn how to be a better mentor and more inclusive leader, as I would be getting the opportunity to learn with Akin, who is at a different point in his career.

Meshach: I was interested in joining the BBIT Mentorship Program, as it would allow me to advance my career progression. Having a mentor who was allied with a group I was deeply ingrained with provided me with a base level of comfort. This was a critical element since both parties have to be trusting and willing to be vulnerable with one another for mentorship to work successfully. I also wanted to participate in the program to help grow connections from BBIT to the wider Bloomberg organization.

Peter: Mentoring is a large part of leadership, and it’s one of the main reasons why I enjoy being a leader. I really like discussing the different challenges that people face and the different ways we can solve problems. I particularly enjoy talking about leadership and how to build a team. Mentoring new people with different backgrounds from other areas of the company also gives me exposure to the variety of different challenges that people face. Learning about the experience of others will hopefully make me a better leader.

As a mentor, what did you learn from your relationship with your mentee that surprised you?

Akshit: Quite a lot. Akin and I were quickly able to establish trust between us. In our first session, we shared our personal life journeys and were surprised how many things we had in common.

We then started our journey in a truly agile fashion. Every time we met, we spent time reviewing the key impressions Akin had taken from our prior discussion. As you can imagine, this was eye-opening. I could clearly see examples of where innocuous confirmation bias may have seeped into my viewpoint about some topics. It truly became a two-way learning experience.

Peter: I’ve been here a long time, so it takes a lot to surprise me! It was interesting to learn about the leadership structure in Meshach’s area, and the particular challenges he has faced with regards to career development. We also spent time discussing how he could be more proactive in conversations about his career. One thing I’ve learnt from working with lots of people is that, even though everyone’s career journey is unique, there are definitely a lot of experiences worth sharing

As a mentee, have you seen a positive impact on your career since joining the program?

Akin: My relationship with Akshit has not only had a positive impact on my career, but also my personal life. In our recurring conversations, Akshit helped me to see things differently. Our discussions helped me grow and be more proactive about establishing, tracking, and assessing my career and life goals. Even though the mentorship program has ended, Akshit and I still meet regularly. Having an ongoing opportunity to talk with him, exchange ideas, and get advice is something that I truly value and appreciate.

Meshach: Since having Peter as a mentor, I have seen a greatly positive impact on my career. I’ve defined what I want for my career in the near term and have started taking tangible steps towards those goals. While it’s impossible to say what my progression would have been without this mentorship, I know that Peter’s mentorship has been critical to helping ensure I’m actively monitoring and guiding my career.

What has been the greatest highlight of your mentor/mentee relationship?

Akin: Early on in our conversations, Akshit encouraged me to expand my thought process or my vision on things. He encouraged me to not limit myself to technical and finance focus reads, but to have a more diverse collection of books, like the autobiography of Frederick Douglass or “Atomic Habits”. I now realize how our conversations influenced me to constantly try to improve myself.

Akshit: The greatest highlight for me is the relationship I have been able to build with Akin and the things I have learned through this relationship. It has pushed me to get more involved in similar programs throughout the firm. Akin and I were able to create a valuable two-way dialogue. His feedback on topics such as personal leadership and initiative made me appreciate how different individuals face unique hurdles during their professional journeys. It actually changed me and I now push to get personal feedback on a regular basis from team members in different roles within my organization. Their insights help me learn more about how we can take action to create a much more inclusive culture.

Meshach: The highlight of my mentorship experience with Peter was defining what my goals were and why. Before sitting down with my mentor I had loose goals for my career progression and was selling my ambitions short due to what I believed was the need to wait for the proper timing. In addition to timing, I also had thoughts about particular actions that should be taken, but didn’t really think deeply about how they played into what I wanted for my career. Peter helped break this thought pattern and helped me better solidify what I wanted to do and the actions I should take to get there.

Click here to read the full article on Bloomberg.

The NMSDC Equity Honors 2023–Applications Now Open
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The National Minority Supplier Development Council (NMSDC) Equity Honors awards are presented to corporate chief officers who have been recognized by their peers as the true leaders at the vanguard of economic equity and minority business integration.

Submit an application for your CEO, COO, CFO, CIO, CMO, CDO, and CPO of the Year. All applications* must be started** by Dec. 20 to be considered.

Submit Application Here!

*Qualified applications submitted for The Equity Honors in 2022 have been cloned for consideration for the 2023 Equity Honors. Simply log into the NMSDC Awards Portal and update your application, then submit. Previous winners of The Equity Honors are ineligible to apply again for a minimum of 3 years.

**We will reopen the applications in March of 2023 to collect 2022 comparative data that will complete the application. All applications that have been started by Dec. 20 will constitute The Equity Honors Nominees for 2023 with nominees highlighted on the Forum website and invited to the 2023 Minority Business Economic Forum.

For more information about NMSDC visit, nmsdc.org

Cracking the code: Working together to engage and empower female technologists at Bloomberg
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To create products that serve increasingly diverse customers and solve a wider range of social problems, technology companies need women engineers. However, only 25 percent of math and computer science jobs in the United States are filled by women, and one-third of women in the U.S. and China quit these jobs mid-career due to factors like social isolation, a lack of access to creative technical roles and difficulty advancing to leadership positions.

At Bloomberg, we’ve established a company culture that supports gender equality in a multitude of ways – from company-wide Diversity & Inclusion business plans to a newly expanded family leave policy. But we know that’s not enough. In recent years, we’ve adopted a system-wide approach to increasing the number of women in technical roles, taking steps to remove barriers to advancement both inside our organization and beyond Bloomberg, supporting female talent from middle school through mid-career.

While the number of women in technical jobs at Bloomberg is growing, we’re committed to making progress faster and completing all the steps needed to solve the equation. Here are some of the ways we’re tackling this important deficit – and making quantifiable change.

Early engagement

Bloomberg supports organizations that help increase women’s participation in STEM and financial technology, exposing students to various career options through Bloomberg Startup and encouraging our female engineers to engage with the next generation of talent.

Collaboration, creativity, and a love of problem-solving drew Chelsea Ohh to the field of engineering. Now she works at Bloomberg as a software engineer team lead, helping to provide critical information to financial decision makers across the globe.

Recruitment

We target our entry-level engineering recruiting efforts at colleges that have achieved or are focused on gender parity in their STEM classes. And because not all the best talent come from the same schools or have the same experiences, Bloomberg actively seeks women engineers with non-traditional backgrounds or career paths.

Talent development

Women engineers can sharpen their technical skills through open courses, on-site training sessions, and business hackathons held throughout the year. Bloomberg is committed to inspiring our female employees, eliminating barriers like impostor syndrome, and encouraging them to pursue opportunities in engineering.

Community & allies

To strengthen its network of female engineers, global BWIT (Bloomberg Women in Technology) chapters organize more than 150 events, mentoring sessions, and meet-ups a year. The community also engages male allies and advocates, sharing strategies to help them support their female colleagues.

Click here to read the full article on Bloomberg.

How 4 engineers and culture champions are growing their careers at Bloomberg
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Bloomberg Engineering’s culture champions innovation. This is made possible by the different perspectives of our 6,000+ software engineers around the globe, who come from diverse backgrounds and geographies and who possess a variety of technology specialties.

Meet four of Bloomberg’s software engineers – all of whom are active members of the Bloomberg Black in Tech Community across our New York, San Francisco and London engineering teams – and see how they’ve been empowered to impact our business globally.

 

Our conversations with them cover their paths to and work at Bloomberg, how they’ve grown professionally, their impact in technology, the importance of an inclusive workplace, and their efforts to attract more diversity to tech. Interviews were edited for length and clarity.

Lerena Holloway is a Software Engineer at Bloomberg's New York office.
Lerena Holloway is a Software Engineer at Bloomberg’s New York office.

Lerena Holloway

TITLE: Software Engineer
BLOOMBERG OFFICE: New York

How did you get to Bloomberg? What do you work on now?
I lived abroad for 5 years, during which time I taught English in South Korea for 3½ years. I then served in the U.S. Navy for 4 years, after which I felt the urge to embrace my technical talents. This career change turned out to be one of the best decisions I have ever made.

While finishing my MBA, I decided to apply to the Grace Hopper Program at Fullstack Academy, one of the country’s top-ranked coding bootcamps. This decision was the beginning of my path to Bloomberg, which I was drawn to for its philanthropic programs, the eclectic and dynamic nature of the Bloomberg Terminal, and the opportunity to be immersed in a culture of strong, talented software engineers.

I’m currently in the training program for new engineers. Prior to starting my training, I had the privilege of pre-training on the Commodities team, where I worked on building a map UI in React and Node.js and integrating it with a remote procedure call framework. I really enjoyed the learning process in discovering how to merge open source technologies with proprietary technologies.

Did you have any mentors or influential managers to guide your career along the way?
One of my mentors is Erik Anderson, the software engineer who helped created MAPS<GO> and many of Bloomberg’s chart functions. Erik has helped me a great deal in building my confidence to tackle things outside my comfort zone. He really has helped me see that I was capable of more than I thought and encouraged me along the way, which really made me more driven to put in the long hours of practice and study that it takes to get to Bloomberg.

What do you love most about working in tech?
I really enjoy the way it has evolved over the years and how it continues to change so rapidly. Working in technology forces me to continue learning and embrace my status as a ‘forever’ student. The moment we get too comfortable in this industry is the moment we are in danger of falling behind. There are so many advances and new technologies that, even after just one year, the older versions are quickly out-of-date. What I love most is that it is an industry that never gets too comfortable; it is about constantly improving the product and making applications faster and more efficient. The associated mental challenges and continuous learning excite me the most!

What are some of the unique challenges that people of color face getting into tech / within the tech industry?
Entering a male-dominated industry doesn’t come without trepidation. Knowing that people come equipped with certain biases that they themselves may not even be aware of plays a role; it is just the way we have all been socially-programmed by the media, our parents, and our communities. The tech industry is challenging by itself and people of color may have to face a few additional challenges, dealing with variations of micro-inequities, and the burden of not contributing to certain stereotypes. However, what I enjoy the most are the raised awareness and open discussions seeking to address these imbalances. It really shows how we, as a human species, are evolving our consciousness around these issues.

In your opinion, why are diversity and inclusion important? How do you personally promote diversity and inclusion with your teams and/or in the community?
Diversity and inclusion are crucial to the strength of any great organization. In order for technology to serve a wider range of users, understanding their needs and wants is very important. With the advent of globalization, this type of understanding can only be reached by increasing diversity and inclusion in the workplace.

I also enjoy sharing my experiences traveling and living abroad with my co-workers. It highlights the importance of travel as a way to break down barriers in understanding different cultures, which I believe is a pivotal step towards this objective. I am also a member of many different communities here at Bloomberg, so as not to limit the definition of myself to one particular ethnicity or background, but to expand my sense of self in order to represent the many different cultural experiences I’ve had and those I’ve adopted along the way.

Deji Akinyemi is a Senior Software Engineer at Bloomberg's New York office.
Deji Akinyemi is a Senior Software Engineer at Bloomberg’s New York office.

Deji Akinyemi

TITLE: Senior Software Engineer
BLOOMBERG OFFICE: New York

How did you get to Bloomberg?
I was an industry hire out of a Bloomberg recruiting event in Seattle, where I met the engineers who would eventually be my managers. They were great and provided an amazing vision of the technical challenges and company culture at Bloomberg.

What do you work on now?
I am presently working on designing and building out the underlying platform that supports Bloomberg’s Asset Investment Management (AIM) compliance workflows.

Did you have any mentors to guide your career along the way?
Most definitely! I was fortunate to have an awesome mentor when I first started at Bloomberg. He was one of those engineers whose code nuances and expressiveness are like revelations. I learned a lot about my team and Bloomberg’s culture just by contributing to his code. I was also fortunate to have supportive managers who accommodated my desire to be challenged. They were able to provide interesting, tangible and business-critical projects to broaden my scope and contributions.

What do you love most about working in tech?
It has been said that engineers are the gatekeepers for civilization. Being in tech is like a calling. The work one does has a direct impact on the well-being of others. It gets more interesting when your work pushes the boundaries of what is considered possible. When this happens, there is no greater feeling than creating something new. Then you realize that, in some small way, you’ve (hopefully) helped make the world just a bit better than before.

Are there any particular technologies that interest you?
Machine learning, especially around the areas of natural language processing and understanding. The best technologies are those that feel so completely natural and intuitive that you may forget that you are interacting with a machine. Ironically, it is extremely difficult to create such a system. Applications of ML have the powerful potential to change the way we all interact with technology, if not the very nature of the machines we use.

What are some of the unique challenges that people of color face getting into tech / within the tech industry?
There are very few of us in the tech industry. This truism begs us to ask why, as demographics don’t support this reality, as 10% of all college graduates and computer science majors are people of color. It’s sometimes hard not to feel excluded when there are very few people who look like you in the places that you are or want to be. There is often a significant effort required to go from ‘person of color,’ to ‘person,’ to ‘extremely capable person’ in the minds of others that people of other backgrounds do not face.

In your opinion, why are diversity and inclusion important?
Antifragility is a term coined by bestselling author Nassim Nicholas Taleb that describes systems that thrive in the face of volatility, shock or adversity. It represents the next step beyond robustness and resilience. I believe that, by their very nature, antifragile systems are diverse. Events that could take down a monoculture are often integrated and used for the greater good by an antifragile system. Diversity and inclusion promote antifragility by fostering teams that are tolerant, supportive, engaging and dynamic.

How do you personally promote diversity and inclusion with your teams and/or in the community?
I am one of the co-founders of the Bloomberg Black In Tech (BBIT) Community, which is composed of individuals in technology roles across Bloomberg – in engineering, product management, data science, etc. BBIT’s singular goal is to make Bloomberg the best place for minorities in tech across the industry. We host regular events to foster professional and personal development and create a fun, safe space. We work very hard to engage, support and empower the community at large through mentoring, recruiting, and outreach events on college campuses and at tech conferences with significant minority representation.

Akin Mousse is a BQuant Specialist for the Desktop Build Group in Bloomberg's San Francisco office.
Akin Mousse is a BQuant Specialist for the Desktop Build Group in Bloomberg’s San Francisco office.

Akin Mousse

TITLE: BQuant Specialist, Desktop Build Group
BLOOMBERG OFFICE: San Francisco

How did you get to Bloomberg? What do you work on now?
I spent the first five years of my career at leading French banks where, among other things, I designed and implemented technology to automate processes on trading floors. Bloomberg found me on LinkedIn and recruited me to our London office in 2013. I’ve now worked in our San Francisco office for five years.

I’m currently a BQuant Specialist in our Desktop Build Group. In this role, I educate our clients’ quantitative financial researchers, analysts, and data scientists to leverage BQuant, our interactive data analysis and quantitative research platform and new Bloomberg Query Language (BQL). To do this, I first have to understand our clients’ workflows and determine how and where our quant research solutions can help them derive value. Often, we can help clients reduce the amount of time and manual labor spent reviewing financial statements. We can incorporate probability and statistics that help clients make faster and more accurate decisions on their financial strategies. Many times, I create the specifications, design a custom application for a team of about 20-50 users, test the app, and implement it at the client site. Finally, I help train users to program in Python in order to leverage BQuant.

Did you have any mentors or influential managers to guide your career along the way?
It has been challenging finding a Black professional mentor. David Mitchell, a team leader for our market specialists, has been a huge inspiration for me. We both started our careers in finance and moved to tech, so I feel like we have much in common. I appreciate how he reaches out periodically to check in on me. I admire his leadership of Bloomberg’s Black Professional Community and am really impressed by his career trajectory and the network he has built. It’s really important to see a person of color in a senior position because it makes that rank seem attainable for the rest of us.

Sandra Lee, who works in Bloomberg’s Product Oversight Office, has also been an influential mentor since we first met in 2016. She’s been with Bloomberg for more than 20 years, and she has helped me understand Bloomberg’s culture and navigate internal networks. I often use her as a sounding board to help me articulate my vision and get a second opinion. On a personal level, she shows me the value of work-life balance.

What do you love most about working in tech?
I love being in a position where I’m learning something. Technology is perpetually evolving, and you always need to be on your toes to remain competitive. I will often think about a complex engineering challenge that I am trying to solve, and will have a candid conversation with a colleague or I will read an article, and then a solution will emerge. I then implement it and it is so satisfying when it works. I also like that tech has tangible results.

Are there any particular technologies that interest you?
I am really excited about artificial intelligence (AI) and machine learning (ML). I love the idea that technology can show us patterns that humans cannot otherwise see because we cannot scrape through large volumes of data as quickly. From there, we can extract specific insights that influence our decision-making.

My interest in AI and ML led me to complete a graduate-level certificate program at the University of San Francisco. While I’m not using these skills in my current role, I’m excited that Bloomberg is doing cutting-edge work in natural language processing and other areas related to ML and AI. I’ve also joined Bloomberg’s Machine Learning Guild so I can stay connected to this technology; otherwise, it is hard to stay on top of it when you don’t apply it on a daily basis.

What are some of the unique challenges that people of color face getting into tech / within the tech industry?
One word: R-E-P-R-E-S-E-N-T-A-T-I-O-N! We need to see peers and leaders who are people of color. When I don’t see people of color in leadership positions, I feel like it’s less possible to attain success. When I see Black leaders, I get a lot of motivation and affirmation that it could be me one day.

In my experience, people of color aren’t taken as seriously by their peers unless there are other people of color in leadership positions. I personally feel like I need to be better than anyone else in whatever I’m doing. I don’t want to give any opening for the quality of my work to be questioned. For that reason, I often spend extra time double-checking my work in order to make everything is perfect. No one asks me to do this, but I feel I must. This adds a dimension of extra stress because that workflow is not scalable or sustainable and can lead to burnout.

In your opinion, why are diversity and inclusion important? How do you personally promote diversity and inclusion with your teams and/or in the community?
Life is so much more fulfilling when you can interact with people from different backgrounds and ways of life. At work, a diverse team can help prevent tunnel vision when solving challenges or meeting client needs. Everyone comes with baggage and biases that sometimes makes communication uncomfortable, but this ultimately leads to rich learning experiences.

I’m always trying to recruit and advocate for more underrepresented minority candidates, because we are only likely to stay at Bloomberg if we continue seeing more diversity on our teams.

Jonathan “JC” Charlery is a Senior Software Engineer at Bloomberg's London office.
Jonathan “JC” Charlery is a Senior Software Engineer at Bloomberg’s London office.

Jonathan “JC” Charlery

TITLE: Senior Software Engineer
BLOOMBERG OFFICE: London

How did you get to Bloomberg?
I was on my way to interview with a different company during the career fair at Howard University, when I ran into Kerry Joseph, an engineer who was recruiting for Bloomberg. We got to chatting about the company and he invited me to an info session later that night. What struck me was how down-to-earth and genuine he was. He wasn’t trying to sell me anything; he just talked about his own experiences at the company and how the job allowed him to grow.

In talking about his own background, we discovered we were from neighbouring islands in the Caribbean so we shared a cultural background. Having that conversation, and seeing and hearing someone like me at Bloomberg who had such a positive experience is what really sold me on the company.

What do you work on now?
I’m on the Local Development team in London, which is part of our Developer Experience (DevX) group. Our team creates and supports the tools and workflows that allow engineers to develop and test their applications locally on their laptops using whatever tools they prefer, instead of relying on a limited shared environment.

Did you have any mentors or influential managers to guide your career along the way?
Zac Rider, who leads our Real-time Distribution Platform engineering team, and Becky Plummer, a software engineering team leader in DevX (and my current manager) are two of the most influential managers I’ve had during my tenure at Bloomberg. They’ve provided me with many opportunities for growth and helped me build up my confidence in my own abilities. They were instrumental in putting my career on its current trajectory.

Femi Popoola, a technical team lead in London, has also been an amazing mentor to me. We’ve spoken about many different topics related to personal and technical growth, like knowing which opportunities are right for you and how to manage them, to understanding when you’re ready to take on a new challenge (hint: you’re never going to be “ready,” but don’t let that stop you).

What do you love most about working in tech?
I love the rate at which everything changes in the tech industry, and the ease of being able to get involved.

The tech industry evolves so quickly that you’ll miss it if you blink. In the last 20 years or so, we’ve gone from having one dedicated phone line per family and maybe having a computer for the household to us all having a computer in our pockets and everyone having a phone. All the information this puts at our fingertips has made it much easier for anyone to become involved and even to transfer into tech-related fields from any profession.

Are there any particular technologies that interest you?
Docker and container technologies are particularly interesting to me. The ability to simulate an entire environment and have repeatable declarative processes have really changed the way we think about development, testing, and stability of our systems.

What are some of the unique challenges that people of color face getting into tech / within the tech industry?
Without seeing other people who look like them or can stand as a role model for them, people of colour tend to get discouraged from entering the tech industry. It is hard to continue being self-motivated or to believe you can achieve something if all the stereotypical icons don’t represent you in any way. It’s why Kerry stood out to me so much. He was West Indian and able to succeed in the tech industry. This isn’t spoken about often, but it creates a real psychological barrier for many people. Being able to connect with someone who shares your heritage or cultural background, and being able to see yourself in that person, are some of the greatest motivating factors.

In your opinion, why are diversity and inclusion important?
Diversity and inclusion are very important as they provide different perspectives. Having someone who can see something in a different manner and who brings their own background and experiences can help elicit a new style of thinking and new direction when it is needed the most. When all options have seemingly been exhausted, something which may seem intrinsically basic to someone can actually be just what is needed to get things moving again.

How do you personally promote diversity and inclusion with your teams and/or in the community?
I’ve spoken at events aimed at promoting and highlighting diversity and inclusion, as well as been a representative, speaker and mentor at both internal and external events aimed at empowering underprivileged youth to encourage them to pursue careers in STEM and grow their networks. This includes serving as a mentor to both university students and secondary school students.

I have been an advocate for and given advice about different ways to recruit effectively at select Historically Black Colleges & Universities (HBCUs) across the U.S. I’ve also attended university career fairs where I directly engage with students, serving not only as a company point of contact for them, but also sharing my experiences with them. I talk to new hires about my career progression and serve as a mentor to help them navigate the company’s culture.

Click here to read the full article on Bloomberg.

Women Leaders at Bloomberg From Around the World Share Their Career Experiences
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With offices around the world, Bloomberg provides its employees with opportunities to hone their skills and expertise, progress to new roles, take on stretch assignments, and gain valuable insights through their work.


Below, a few of our female leaders share their career experiences, including working in different offices, experiencing new cultures, building support networks, and their advice on how to progress, professionally and personally.

 

Rieko Tada

Pictured top left
Data training & development
Dubai

What has helped you get to where you are today in your career?

I am very fortunate to have had the opportunity to work at multiple offices in different business units and meet amazing colleagues and managers who support me. Most pivotal was probably the move from the Tokyo office to New York as a team leader. The office and business size, language, and lifestyle are so different. I had to learn and adapt. Managers and colleagues in New York welcomed and helped me; colleagues in Tokyo connected me to their networks so that I could build new relationships with people in the US office.

What piece of advice would you give to others?

Always be curious. Don’t hesitate to reach out to people you can build connections with and learn from. This year, I’ve taken on a new role, joining the Data Training and Development team in Dubai. When I was in Japan, I never imagined living in Dubai, but new opportunities always come up, as long as we are inquisitive and never stop learning.

We work on purpose. Come find yours.

SEARCH JOBS

Yinka Ibukun

Pictured top middle
West Africa bureau chief
Accra, Ghana

What has helped you get to where you are today in your career?

Seeking out feedback. Most people find it difficult to give candid feedback, so it helps to show that you’re open to it. Also, training your ear to sift out emotions and other distractions and extracting information you can actually use will help you become a better professional, and person. Both my best managers and closest friends have been people who give helpful feedback. I think that’s a gift.

What piece of advice would you give to others?

I definitely have my community: people who I trust to have my back and who can rely on me to do the same. That comes from investing in relationships over time. So, when you make a strong connection with someone, don’t take that for granted. Build your community.

Andrea Jaramillo

Bureau chief
Pictured top right
Bogota, Colombia

What has helped you get to where you are today in your career?

I can’t stress enough how important teamwork is in what we do. Throughout my years at Bloomberg, I’ve had the opportunity to work with a lot of amazing people across different countries and cultures. With each role, you develop new skills and learn from those around you. So even when things feel difficult and challenging, just know you’ll come out stronger on the other side!

What piece of advice would you give to others?

Be open to taking on new challenges. Bloomberg is an exciting place to work, one where you know you can’t get too comfortable in one spot because things change and you might find yourself taking on a different role, or one in a different office, country or continent. In an ever-moving world, we constantly need to reinvent ourselves and learn along the way.

Carolina Millan

Pictured bottom left
Bureau chief
Buenos Aires, Argentina

What has helped you get to where you are today in your career?

I started as an intern in 2015 in New York and in September of that year I moved to Argentina to cover markets, first with a focus on bonds, and later dedicating more time to publicly-traded companies. Since 2019, I’ve overseen Bloomberg’s coverage of Argentina, Uruguay and Paraguay, managing a team of six talented journalists who routinely break news on the biggest stories in the country.

When I look back to things that helped me advance in my career, I think about the importance of being open to new projects and opportunities and putting my hand up to participate. Bloomberg is a very fast-paced environment, where priorities and internal structures change every few years, and it’s important to be flexible and find ways to contribute to the latest projects. In my case, that has meant everything from jumping to cover regional conferences, moderating panel events, doing live radio and TV hits for Bloomberg shows, developing local Spanish-language coverage, and delving into new key coverage areas, like start-ups.

I also feel grateful to my managers and mentors, who encouraged me to get involved with projects beyond my comfort zone, take on different responsibilities, and consider the jump into a management role.

Merry Zhang

Pictured bottom left
Head of China Market Specialists
Shanghai

What has helped you get to where you are today in your career?

Not shying away from challenges. In my career, I’ve needed to face gaps and problems beyond my primary responsibilities many times. And, while I might not be the expert to solve a problem, I never shy away from it. As long as a challenge is crucial to the business, I always speak up, take full ownership, and move forward to solve it.

What piece of advice would you give to others?

See changes as opportunities. At Bloomberg, changes happen daily. Market, product, even team structure are constantly evolving.  I have seen people react negatively to changes, but the ones who can turn changes into opportunities are always rewarded at the end.

Alyssa McDonald

Pictured bottom middle
Executive editor, Bloomberg News
Sydney

What has helped you get to where you are today in your career?

A mixture of good luck and hard work. I’m very fortunate to have had supportive bosses throughout my career, who have repeatedly encouraged me to take on new and bigger projects (and helped me find ways to get them done).

For my part, I’ve tried to repay that good will by saying yes to opportunities when they’re offered and then being diligent about getting those things done.

What piece of advice would you give to others?

When you’re looking to change something about your job – whether it’s a new role or a move to a different bureau, you should think about what’s in it for your manager. Or the person you want to be your next manager. The more you can explain how they’ll benefit by giving you what you want, the more likely you are to get it.

Click here to read the full article on Bloomberg.

Women break ceilings and conventions in the workplace and beyond
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Open, candid conversations about diversity and inclusion in our society and workplace must continue in order to support the fight for equality. Thankfully, these conversations continue to take place across Bloomberg, in various forms and forums.

One of the goals of these exchanges is to explore different facets of identity and experience from the first-hand perspectives of employees across the firm.

In this edition, we delve into the lived experiences of our colleagues as they have persisted in breaking glass ceilings and bucking conventions, and shows us how we can best support progress for women in the workplace.

Nayla Razzouk, Dubai

“Bring a new perspective, don’t try to blend in, embrace your differences. Learn something new every day. And most of all, be productive.”

Nayla Razzouk
Nayla with the UK Royal Marines while covering the Iraq War in 2003

Nayla grew up during the civil war in Lebanon, and naturally ended up covering these conflicts across the Middle East. She joined Bloomberg in 2010 to cover Iraq and energy/OPEC news, and recently took on the role of Managing Editor for the Middle East and North Africa.

In what way have you broken glass ceilings or conventions? What challenges did you face, and how did you overcome them?

Working as a journalist can have its challenges as a woman, and there are additional challenges in this part of the world, where the circles of power are dominated by men. Often, you’re the only woman in the room or at the front, so it can be intimidating and even dangerous. I’ve encountered situations where people I wanted to interview would try to intimidate me because I was a woman. Some wouldn’t speak to women – I once asked my driver to act as a go-between while I stood behind a door. It can only build character, and this has helped me acquire the confidence to say that I will always find a way to do my job — even more so today, in my new challenge as the first woman to lead the MENA region.

What strengths do you believe your identity and experiences bring to your professional and personal life?

Having grown up and worked in tough environments has helped me acquire assertiveness and an ability to tolerate stress in a calm manner, while showing empathy to others. These traits and experiences were very valuable in leading our teams through COVID-19, making sure everyone is safe, continues to perform well, and knows that they can count on us in uncertain times.

Stephanie Flanders, London

“Though a proud feminist, I would still hesitate to describe any particular attitude or experience as uniquely female.”

Stephanie Flanders

Stephanie has been both an economist and an economic journalist — she joined Bloomberg in 2017 and now does both, leading Bloomberg Economics and following a lifelong passion to demystify the global economy for a wider audience.

In what way have you broken glass ceilings or conventions? What challenges did you face, and how did you overcome them?

When I became the BBC’s Economics Editor, I was the first woman to occupy a specialist editor job. Happily, there have been plenty more since then, and in general I would say that economics has become a little less male-dominated over the course of my career. In a previous role, I was aware that I was paid much less than several male colleagues in similar roles. That’s a challenge I failed to overcome, but overall I don’t feel I have been held back by my gender. If anything, it has given me an edge — it’s striking how many of the major global banks now have female chief economists.

What advice do you have for future convention- and ceiling-breakers?

When you’re making a case for yourself, don’t start with the skills you don’t have. I thought it was just an outdated stereotype until I started interviewing women and men for jobs. So many women really do lead with the stuff they can’t do. It’s extraordinary. 

Vandna Dawar Ramchandani, Singapore

“Understand and accept that every person and situation is different, so be empathetic and encouraging, and build trust so women feel empowered to share and take risks.”

Vandna Ramchandani

Vandna was born and raised in India. She joined Bloomberg in 1997 as a Terminal Sales rep, while living in Jakarta, Indonesia, and is now leading Corporate Philanthropy for APAC.

In what way have you broken glass ceilings or conventions? What challenges did you face, and how did you overcome them?

In Asia, particularly in India, a woman’s role is primarily expected to be that of a home-maker. I was committed to growing my career — even after having a family — taking on additional responsibility and relocating. When I first took on the roles of APAC Global Data Manager and then Singapore Office Committee chair, the first female in those roles, I did feel nervous about the step up, but there is so much support at Bloomberg, women just need to believe in themselves and lean in.

The biggest challenge is creating a balance that works for you, and often managing your guilt as a mum. There are no shortcuts so you start to run your life through “to-do” lists and constantly prioritize. My social life and personal time became secondary; my work and family were the priority. I wanted to live the life I dreamed of for my daughter and “walk the talk.”

What strengths do you believe your identity and experiences bring to your professional and personal life?

Authenticity, drive, hard work, empathy, and the desire to constantly challenge the status quo! Multi-tasking is not a choice, so you just become good at it. You learn to problem-solve and be creative, which lends itself wonderfully to a career at Bloomberg. 

Nita Ditele-Bourgeois, New York

“Take risks and embrace failures. Be determined, never settle, and let your skills speak for themselves; not your gender.”

Nita Ditele Bourgeois

Originally from the South, Nita was raised in New York at the heart of a family that fostered continuous learning. She joined Bloomberg in 2007 as a Legal Negotiations Specialist, and is now a Product Operations manager in Enterprise Data.

In what way have you broken glass ceilings or conventions? What challenges did you face, and how did you overcome them?

Last year, after 13 years in Legal, I joined Enterprise Data. I saw an opportunity to leverage transferable skills, challenge myself, and grow. I wanted to be part of an exciting journey with the business from a different vantage point.

After encountering gender stereotypes and micro-aggressions throughout my career, I’ve found that the confidence and determination instilled at young age provided me the resilience and fortitude to address challenges head-on.

What strengths do you believe your identity and experiences bring to your professional and personal life?

Active listening has made the biggest impact. It takes time and intentionality, but the outcomes are enormous: positive engagement, sharing ideas, productivity, and stronger communication between individuals.

Celine Shi, Shanghai

“My experience has really been about breaking ceilings in my own mind.”

Celine Shi

A native of Sichuan, China, Celine joined Bloomberg Analytics in 2011 in Singapore before taking on the challenge of expanding team coverage in Beijing. She now manages buy-side product specialists in Shanghai.

In what way have you broken glass ceilings or conventions? What challenges did you face, and how did you overcome them?

Early in my career, I didn’t want to draw attention to my sexual orientation, as I truly believe it has no relevance to how well someone performs at work. I kept my identity as a queer woman to myself, even though Bloomberg has been very supportive and open about our LGBTQ community. I later realized that this secret impacted how comfortable I was with colleagues and friends — I wasn’t being myself. I came out in 2017 and was able to fully embrace my friendships and work relationships, which helped me become more confident and perform better.

What advice do you have for future convention- and ceiling-breakers?

Do not set your own glass ceiling. Many of the women I know feel less confident about opportunities and question themselves: Am I really qualified for this? Do I have what it takes? We should be more confident in the different values and experiences we bring, and give ourselves a chance to be seen.

Deanna Hallett, London

“Seek out individuals and groups of people who will support you, lift you up, challenge you, and affirm your identity and your goals — no one can reach that glass ceiling alone.”

Deanna Hallett

Deanna interned for Bloomberg twice before joining full-time after graduating university in 2019. She currently works in UK government and regulatory relations and is the co-lead for the LGBTQ+ and Ally Community in EMEA.

In what ways have you broken glass ceilings or conventions?

I was the first woman in my family to apply to university, the first to run for local councillor, the first to move abroad, and the first woman to come out as LGBT+ in my family. I faced a lot of challenges growing up, including poverty, and psychological and physical abuse from my father, which was particularly acute when I came out as gay. More broadly, I grew up in an environment where I was just expected to manage, have kids, and then become a full-time mum. It was difficult pursuing my own goals and independence when it didn’t marry the view of what my family expected.

What can our colleagues and communities to do become better allies to women in the workforce?

Actively listen. It’s only by taking into consideration people’s experiences that we can ensure the glass ceiling is shattered for all women — particularly LGBT+ women and women of colour, who are too often left behind.

Click here to read the full article on Bloomberg.

The Latinx Community’s Growing Influence
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Latina reading magazine

The United States is currently experiencing a massive demographic shift, led in large part by the nation’s Latinx population. This group is growing rapidly, quickly becoming the most culturally and economically influential community in the country.

According to the 2020 U.S. Census, the country’s Hispanic or Latinx population grew from 50.5 million in 2010 (16.3% of the U.S. population)  to 62.1 million in 2020 (18.7%). That’s an increase of 23 percent. In fact, slightly more than half (51.1%) of the total U.S. population growth between 2010 and 2020 came from growth in the country’s Latinx population.

It is no surprise then, that Latinx people have a massive effect on the U.S. economy. Their buying power is expected to reach $1.9 trillion by 2023, according to a report from Nielsen. This is up from $213 billion in 1990, marking an over 200% growth rate, more than double the growth in buying power of non-Latinx consumers.

This community’s economic influence reaches all industries, and it is critical that businesses gain a deeper understanding of Latinx culture. Doing so will allow business leadership to both better support employees and more effectively appeal to customers.

Understanding the Hypercultural Latinx individual

Among young Latinx people, there has been a rise in what is known as the “Hypercultural Latinx.”

Hypercultural Latinx people are often first-generation Americans who straddle both U.S. culture and their parents’ native Hispanic cultures. This group feels deeply connected to both aspects of their identities and has, in a sense, created their own blended, hybrid culture. As Ilse Calderon, an investor at OVO Fund, wrote on TechCrunch, a Hypercultural Latinx person is “100% Hispanic and 100% American.”

So, what do they want to buy? While Latinx people are clearly not a monolith, there are a few key trends across the community. According to research in the PwC Consumer

Intelligence Series, the Latinx population is especially enticed by new tech products. They are active on TikTok and exceedingly more likely to use WhatsApp and other social media platforms than other groups.

Nielsen also found that 45% of Latinx consumers buy from brands whose social values and causes align with theirs. This is 17% higher than the general population. Latinx people also share strong family values, as well as pride in their distinct cultural heritages. That is why organizations must engage the Latinx community and invite Latinx people to share their experiences.

It is pivotal that business leaders understand that “Latinx” is not a single streamlined culture. Rather, it is a diverse mix of traditions, nationalities, and values.

Embracing these cultural nuances is a key to understanding Latinx audiences. Organizations must consider methods to appeal to distinct Latinx groups, rather than marketing to the group as a whole.

Cultivating and advancing Latinx talent in the workplace

It isn’t only consumers that businesses should be thinking about. Latinx talent has also accounted for a massive 75% of U.S. labor force growth over the past six years, according to Nielsen. Nevertheless, only 3.8% of executive positions are held by Latinx men, and only 1.5% of are held by Latinx women.

Clearly, companies have a lot of work to do to attract and cultivate Latinx talent—and it all starts with recruitment. To ensure a diverse work force, companies must utilize culturally competent recruitment strategies that not only make new positions appealing to a variety of job seekers, but also give every applicant a fair chance.

According to an article in Hispanic Executive, understanding cultural differences can help recruiters create job descriptions that more effectively appeal to different communities. For example, the Latinx community feels a more communal sense of identity, compared to the more individualistic sense of identity in European-American culture. Recruiters should keep this in mind when thinking about what necessary skills they are highlighting for available roles.

Click here to read the complete article on Bloomberg.

Raising Our Voices for Diversity in the Geosciences
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A geologist working underground

By Lucila Houttuijn Bloemendaal, Katarena Matos, Kendra Walters, and Aditi Sengupta

Almost 50 years ago, in June 1972, attendees at the First National Conference on Minority Participation in Earth Sciences and Mineral Engineering [Gillette and Gillette, 1972] held one of the first formal discussions on the lack of diversity in the geosciences.

Unfortunately, despite the many conversations since then addressing diversity, equity, and inclusion (DEI), the geosciences still face many of the problems cited in that meeting. These problems include, for example, difficulty recruiting youth from marginalized groups into a field that is often hostile to them and scientists from underrepresented backgrounds routinely needing to go above and beyond their peers to prove their professional value and right to belong.

Clearly, drafting statements in support of diversity—as many institutions have done—is not enough to effect change in the geosciences. Individuals and institutions must engage deeply and with a long-term mindset to ensure sustainable efforts that translate to real, personal success for geoscientists from a diversity of backgrounds. In addition, the community must continue to create spaces for conversations that highlight and share best practices focused on improving DEI.

As members of AGU’s Voices for Science 2019 cohort, we learned several effective methods of science communication. For example, we learned that by sharing lessons learned and blueprints for action with broader audiences, we can more effectively use our voices and power to demand real, tangible goals to make the geosciences inclusive and accessible. From among the 2019 cohort, a small team of scientists from a variety of fields and career stages thus convened a town hall at AGU’s Fall Meeting 2019 to discuss improving DEI. At the town hall, titled “Power of Science Lies in Its Diverse Voices,” panelists highlighted their approaches and work to increase diversity in the geosciences for an audience of roughly 100 attendees.

To make the town hall an example of a diverse event, invited panelists represented a wide array of fields, nationalities, ethnicities, genders, and career paths and stages. Below, we highlight the advice and work of the panelists, Asmeret Asefaw Berhe, Sujata Emani, Heather Handley, Tamara Marcus, Bahareh Sorouri, and Robert Ulrich, to provide avenues for readers to promote diversity, incentivize DEI work, and enact change in their own fields, institutions, and lives.

Continue on to EOS: Science News by AGU to read the full article.

What STEM Careers are in High Demand?
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What STEM Careers are in High Demand

Have you ever wondered what the outlook might be for your STEM career five or even ten years out? Or maybe you are a current student weighing your options for a chosen career path and need to know the type of degree that is required.

Oak Ridge Institute for Science and Education labor trends and workforce studies experts have culled through the BLS data and have summarized the outlook for several select STEM careers.

With the right information in-hand — and a prestigious research experience to complement your education — you can increase the confidence you have when selecting a STEM career.

Software Developers
There are over 1,469,000 software developers in the U.S. workforce either employed as systems software developers or employed as applications software developers. Together, employment for software developers is projected to grow 22 percent from 2019 to 2029, much faster than the average for all occupations.

Software developers will be needed to respond to an increased demand for computer software because of an increase in the number of products that use software. The need for new applications on smart phones and tablets will also increase the demand for software developers. Software developers are the creative minds behind computer programs. Some develop the applications that allow people to do specific tasks on a computer or another device. Others develop the underlying systems that run the devices or that control networks. Most jobs in this field require a degree in computer science, software engineering, or a related field and strong computer programming skills.

Software developers are in charge of the entire development process for a software program from identifying the core functionality that users need from software programs to determining requirements that are unrelated to the functions of the software, such as the level of security and performance. Software developers design each piece of an application or system and plan how the pieces will work together. This often requires collaboration with other computer specialists to create optimum software.

Atmospheric Scientists
Atmospheric sciences include fields such as climatology, climate science, cloud physics, aeronomy, dynamic meteorology, atmosphere chemistry, atmosphere physics, broadcast meteorology and weather forecasting.

Most jobs in the atmospheric sciences require at least a bachelor’s degree in atmospheric science or a related field that studies the interaction of the atmosphere with other scientific realms such as physics, chemistry or geology. Additionally, courses in remote sensing by radar and satellite are useful when pursuing this career path.

According to the Bureau of Labor Statistics (BLS), computer models have greatly improved the accuracy of forecasts and resulted in highly customized forecasts for specific purposes. The need for atmospheric scientists working in private industry is predicted to increase as businesses demand more specialized weather information for time-sensitive delivery logistics and ascertaining the impact of severe weather patterns on industrial operations. The demand for atmospheric scientists working for the federal government will be subject to future federal budget constraints. The BLS projects employment of atmospheric scientists to grow by 8 percent over the 2018 to 2028 period. The largest employers of atmospheric scientists and meteorologists are the federal government, research and development organizations in the physical, engineering, and life sciences, state colleges and universities and television broadcasting services.

Electrical and Electronics Engineers
According to the Bureau of Labor Statistics (BLS), there are approximately 324,600 electrical and electronics engineers in the U.S. workforce. Workers in this large engineering occupation can be grouped into two large components — electrical engineers and electronics engineers. About 188,300 electrical engineers design, develop, test or supervise the manufacturing of electrical equipment, such as power generation equipment, electrical motors, radar and navigation systems, communications, systems and the electrical systems of aircraft and automobiles. They also design new ways to use electricity to develop or improve products. Approximately 136,300 electronics engineers design and develop electronic equipment such as broadcast and communications equipment, portable music players, and Global Positioning System devices, as well as working in areas closely related to computer hardware. Engineers whose work is devoted exclusively to computer hardware are considered computer hardware engineers. Electrical and electronics engineers must have a bachelor’s degree, and internships and co-op experiences are a plus.

The number of jobs for electrical engineers is projected by BLS to grow slightly faster (9 percent) than the average for all engineering occupations in general (8 percent) and faster than for electronics engineers (4 percent) as well. However, since electrical and electronics engineering is a larger STEM occupation, growth in employment is projected to result in over 21,000 new jobs over the 2016-2026 period. The largest employers of electrical engineers are engineering services firms; telecommunications firms; the federal government; electric power generation, transmission and distribution organizations such as public and private utilities; semiconductor and other electronic component manufacturers; organizations specializing in research and development (R&D) in the physical, engineering and life sciences; and navigational, measuring, electro-medical and control systems manufacturers.

BLS notes three major factors influencing the demand for electrical and electronic engineers. One, the need for technological innovation will increase the number of jobs in R&D, where their engineering expertise will be needed to design power distribution systems related to new technologies. They will also play important roles in developing solar arrays, semiconductors and communications technologies, such as 5G. Two, the need to upgrade the nation’s power grids and transmission components will drive the demand for electrical engineers. Finally, a third driver of demand for electrical and electronic engineers is the design and development of ways to automate production processes, such as Supervisory Control and Data Acquisition (SCADA) systems and Distributed Control Systems (DCS).

Data Science and Data Analysts
Technological advances have made it faster and easier for organizations to acquire data. Coupled with improvements in analytical software, companies are requiring data in more ways and higher quantities than ever before, and this creates many important questions for them, including “Who do we hire to work with this data”? The answer is likely a Data Scientist.

When trying to answer the question “what is data science,” Investopedia defines it as providing “meaningful information based on large amounts of complex data or big data. Data science, or data-driven science, combines different fields of work in statistics and computation to interpret data for decision-making purposes.” This includes data engineers, operations research analysts, statisticians, data analysts and mathematicians.

The BLS projects the employment of statisticians and mathematicians to grow 30 percent from 2018-2028, which is much faster than the average for all occupations. According to the source, organizations will increasingly need statisticians to organize and analyze data in order to help improve business processes, design and develop new products and advertise products to potential customers. In addition, the large increase in available data from global internet use has created new areas for analysis such as examining internet search information and tracking the use of social media and smartphones. In the medical and pharmaceutical industries, biostatisticians will be needed to conduct the research and clinical trials necessary for companies to obtain approval for their products from the Food and Drug Administration.

Along with that of statistician, the employment of operations research analysts is projected by the BLS to grow by 26 percent from 2018-2028, again much faster than the average for all occupations. As organizations across all economic sectors look for efficiency and cost savings, they seek out operations research analysts to help them analyze and evaluate their current business practices, supply chains and marketing strategies in order to improve their ability to make wise decisions moving forward. Operations research analysts are also frequently employed by the U.S. Armed Forces and other governmental groups for similar purposes.

To learn more about other flourishing careers in STEM, visit bls.gov/ooh to learn more.

Source: Oak Ridge Institute for Science and Education

Black Wealth Transfer and Confronting the Racial Wealth Gap
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man with money in pocket

The second installment of Bloomberg’s Power of Difference series on Black wealth offered a deep dive into issues that impact intergenerational Black wealth transfer. The three part series, hosted by Bloomberg LP and Bloomberg Philanthropies, seeks to highlight and encourage dialogue about the structures that aid in Black wealth accumulation and extraction.

Speakers discussed why wealth transfer remains pivotal to building wealth in the United States and explained how the historical lack of opportunity for Black families to preserve and pass on wealth has contributed to the prevalence of racial wealth inequality today.

 

Inherited wealth plays a pivotal role in advancing the economic launch point for future generations. Despite the pervasiveness of the American rags to riches story, the wealthiest families have certainly benefited from this capital infusion power–about 30% of the Forbes 400 inherited at least $50 million. Middle and working-class families can use transferred capital and assets to boost emergency savings, make down payments on homes, pay tuition for private schools and higher education, and invest in the financial markets or new entrepreneurship.

Black families, however, are five times less likely than white families to receive a sizable inheritance. When they do, the amount is still typically three times lower on average than what white families receive. This disparity has contributed to Black Americans falling behind in wealth accumulation while white generational peers are empowered to move towards further economic stability and advancement. Black families have certainly been capable of growing assets even in the shadow of Jim Crow and other forms of systemic racism that persist to this day. So why haven’t they been able to hold on to this wealth and pass it to their heirs?

Before the Race Massacre of 1921, the Greenwood district in Tulsa, Oklahoma, was a vibrant, thriving community of Black residents, like many of the “Freedmen’s Towns, and “Freedom Colonies established after the Civil War. Families there owned land, operated businesses, and ran community-sustaining institutions to create property wealth with an estimated value of over $200 million in today’s dollars, earning Greenwood the moniker “Black Wall Street.” When the Greenwood neighborhood was burned to ashes during a violent racial attack, hundreds of residents lost their lives and businesses, thousands of survivors were left homeless and impoverished, and many of them were hunted down, executed, or imprisoned. Laws were passed by the city of Tulsa to impede the rebuilding of Greenwood by survivors and their families. The most disheartening part of Greenwood’s story: this was not an uncommon occurrence.

In Chicago alone, approximately 1,000 Black homes and businesses were burned down during the Red Summer of 1919, a season of racism-fueled on Black communities across the nation. The segregation and violence of Jim Crow, in particular, have been theorized to have had a pervasive impact, stifling Black innovation and entrepreneurship with the threat of violent reprisal for Black wealth building.

In the latest Power of Difference event, speakers discussed how racially driven violence toward Black people like in Tulsa, Chicago, and elsewhere — particularly during the several decades following the abolishment of slavery — was used to rob Black people, destroy their property and intimidate them from building wealth. Government policies, local and federal, often neglected to protect Black communities from this ongoing threat, and instead have codified many racially discriminatory policies such as redlining, government seizures under eminent domain, and disenfranchisement. In turn, such practices have systematically destroyed and eroded the value of Black wealth since the Reconstruction era, with the effects felt to this day.

Pathways to recovery and resilience

Despite economic impediments and discriminatory policies, strategic options and vehicles for securing assets can help more Black families strengthen the economic mobility of future generations. Session speakers painted a detailed picture of how to address these systemic injustices: loopholes in state property inheritance laws can be closed; discriminatory institutional practices and local ordinances, such as those that might assign more value to land according to who owns it, can be revoked; and concentrations of wealth in Black communities, like those created in Greenwood can be systematically encouraged through initiatives that can start at the individual level.

Sean Anderson, a curator from The Museum of Modern Art, discussed the Reconstructions, Architecture, and Blackness in America exhibition he created with scholar and architect Mabel Wilson and 11 Black architects, designers and artists. Supported by Bloomberg Philanthropies, the project aims to encourage reflection on how Black communities strive to build and rebuild in the face of economic and social challenges, and “…how history can be made visible and equity can be built”. The exhibition sparks questions about topics such as “What might our nation look like today if all-Black towns of the past had been allowed to thrive?” and “How might Black community spaces be used to prepare for threats imposed by climate change?”

Reggie Lee, Partner and Chief Transformation Officer at The Carlyle Group described the ten-year journey he took to reclaim the family land that his great grandmother, a formerly enslaved person, had purchased during the Reconstruction era. His story serves as a case study for reclaiming and preserving family-owned assets. For example, to keep the newly reclaimed property intact for future generations, using a trust to ensure legacy building.

The panel Q&A delved into reasons for the continued loss of Black assets and different ways better laws, policies, and individual practices could help reverse this trend. Lack of wills and vehicles like trusts, for example, can make family land and other asset claims vulnerable to loopholes in policies, such as heirs property laws (aka ownership in common) or inheritance taxes. However, it is estimated that 70% of Black Americans do not have a will or estate plan.

Click here to read the full article on Bloomberg.

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