Ahead of the July Fourth holiday and the 250th anniversary of the Declaration of Independence, we speak with the acclaimed scholar Robin D. G. Kelley, who examines how Black radicals have interpreted the document throughout U.S. history in a new essay for Hammer & Hope. Although the declaration famously asserts that “all men are created equal,” Kelley says that clearly did not extend to Indigenous or enslaved Black people. “When the drafters developed this declaration, they assumed that human beings were basically white men,” he says. But despite the “hypocrisy” of the declaration, many Black radicals still found value in its words, including a “justification for rebellion,” says Kelley.

In a 6-3 ruling this week that overturned nine decades of precedent, the Supreme Court granted President Donald Trump the power to fire and replace officials at independent government agencies like the Federal Trade Commission. But in a separate 5-4 decision, the justices ruled that Federal Reserve Governor Lisa Cook can stay in her job as she challenges Trump’s efforts to fire her. The seemingly contradictory rulings suggest a two-tier system of regulation, says Alvaro Bedoya, a former FTC commissioner who was fired by Trump last year. The independence and stability of the Federal Reserve is important to “billionaire Wall Street Bankers,” and therefore remains protected, says Bedoya. “But then you have this whole series of other […]

New financial disclosures by President Donald Trump show that he made more than $1.4 billion from his family’s various cryptocurrency ventures last year, reaping a windfall after pulling back on regulation of the industry and promoting the United States as “the crypto capital of the world.” Other Trump businesses, like his resorts and golf courses, have also flourished since his return to the White House, while the Trump Organization has also licensed the family name to properties in countries that are crucial to U.S. foreign policy interests, including Saudi Arabia and Qatar. “It’s been an incredibly successful period for the Trump family,” says Reuters investigative reporter Tom Bergin.

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The Department of Justice is attempting to sabotage a reparations initiative that compensates victims of historic housing discrimination in Evanston, Illinois. For decades, Black residents of Evanston were subjected to redlining and other forms of housing discrimination, which prevented them from obtaining bank loans to purchase property. “Throughout the 20th century and into the 21st century, housing has been the primary way that families have built wealth, and we are in a country where there is 10 times as much wealth in the white community as there is in the Black community. … [T]hat gap is a result, primarily, of this type of dispossession on the grounds of housing,” explains Howard University law professor Justin Hansford. […]