IShowSpeed at the World Cup, Trump Accounts Go Live, and Tubman Off the Twenty

FIFA has opened an investigation after IShowSpeed was targeted with a racist remark by a fan at the World Cup. Trump Accounts officially launched on July 4th and every eligible baby is getting a thousand dollars from the government to start. And the Treasury Department confirms Harriet Tubman is off the twenty-dollar bill. Again.

From the Black Effect Podcast Network.

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Episode Transcript

Speaker 1 (00:05):
FIFA is opening a racism investigation after a fan targets
YouTube star I show.

Speaker 2 (00:10):
Speed at the World Cup.

Speaker 1 (00:14):
A new government savings account for kids officially goes live
and millions of dollars are already on the table. Trump
accounts are about giving every American child a steake in
America's future, and Harriet Tubman will not appear on the
twenty dollars bill. The Treasury Department shuts that door again.

Speaker 2 (00:32):
We started this process in twenty twenty.

Speaker 1 (00:36):
It's Thursday, July ninth, from the Black Effects Podcast Network.
I'm Mimi Brown. This is front page and here are
the day's biggest stories.

Speaker 2 (00:45):
Stay with me.

Speaker 1 (00:50):
FIFA is investigating after YouTube star I show Speed was
allegedly targeted with a racist remark during a World Cup
game in Miami. The incident happening during Argentina's win over
Cape verdet I show Speed, whose real name is Darren
Walkins Junior, was live streaming the match when a fan
wearing an Argentina jersey allegedly shouted a racist remark at

(01:13):
him in Spanish. According to the live stream, the fan
towed Speed to quote go cry at the zoo, praise,
widely recognized as a racist slur that's been used to
compare black athletes to animals. Speed can be heard turning
to the fan and asking what are you saying to me?
The clip quickly spread across social media.

Speaker 2 (01:35):
What are you say? What are you saying? Right? What
are you even there?

Speaker 1 (01:42):
What are you saying? FIFA says it immediately opened an
investigation after becoming aware of the incident, adding that racism
and discrimination have no place in football or society. So far,
FIFA hasn't said whether the fan has been identified or
could face punishment, including a stadium ban.

Speaker 2 (02:03):
I show.

Speaker 1 (02:04):
Speed has not publicly commented. If you recently had a
baby or you're expecting, you may have heard about something
called a Trump Account. It's a new investment account created
under President Trump's tax and spending law designed to help
children build wealth early. Think of it like a starter

(02:25):
investment fund, with the federal government putting in the first
one thousand dollars for qualifying babies. If you have questions,
I'm going to give you the top three things you
need to know. First. Who qualifies well children born between
January first, twenty twenty five and December thirty first, twenty
twenty eight. Who are US citizens that have at least

(02:45):
one parent with a Social Security number are eligible for
the government's one thousand dollars contribution. Second, how does it work?
While the money is invested into the stock market, and parents'
family members or even employers can act up to five
thousand dollars a year once the child turns eighteen, the
money can be used for things like college, job training,

(03:07):
starting a business, or buying their first home, although there
are rules on how it can be spent without paying
taxes and penalties. And Third, why does this matter? While
supporters say it's a great way to help Americans build
wealth and learn about investing from an early age, research
on similar programs suggests children with an investment account are
more likely to prepare for college, while parents report higher

(03:29):
expectations for their children's future. Critics, however, argue the program
could actually widen the wealth gap because wealthier families are
more likely to have extra money to contribute, allowing those
accounts to grow much faster than families who can't afford
anything beyond the government's initial deposit. Bottom line, if you
have a baby, though, born between the eligibility window, this

(03:52):
is something worth paying attention to. Even small investments can
grow over time. Remember when Harriet Tubman was supposed to
make history on the twenty dollars bill. Well, now that
plan appears to be dead. For years, the Treasury Department
had been working on a redesign that would put Tubman,

(04:14):
the abolitionists who escaped slavery and help lead others of freedom,
on front of the twenty dollars bill, in place of
former President Andrew Jackson. That plan started under President Obama
back in twenty sixteen. It was originally supposed to roll
out in twenty twenty, then got delayed under the first
Trump administration, but then revived under the Biden administration. But

(04:37):
earlier this year, Congresswoman Joyce Baty pressed Treasury Secretary Scott
Besant on the timeline.

Speaker 2 (04:43):
Sister Secretary, I've asked you, as your predecessor's Democrats or
Republican Jack blu a minutionin Janet Yellen and you a
year ago about putting Harriet Tubman on the twenty dollar bill.
We started this process in twenty two. At that time,
Jack lou said it would take four years. I sent

(05:05):
you a letter. Do you know what your response was
to me? I haven't seen the letter. Ma'am. Well, you
answered the letter, so now I was given a chance
to help you. You responded to my letter just recently,
because you know I drilled you on this, but now
you responded to tell me in a few words, it's

(05:27):
a complex process. So that's not really an answer. We
know it's a complex.

Speaker 1 (05:33):
Process, and now it seems Bessant may have just answered
that question. In an interview with Spectrum News, Bessant was
asked if the Treasury Department still plans to put Harriet
Tubman on the twenty dollars bill. His answer was not
at present. He did not give a new timeline or
say when or if the redesign could move forward. So

(05:54):
for now, Andrew Jackson stays on the twenty dollars bill
and Harriet Tubman's long delayed place on the US currency
is once again on hold. That's your front page, I
Mimi Brown. This podcast was brought to you by the
Black Effect Podcast Network.