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Wednesday, December 20, 2023

The Daily Money: Why 'reverse discrimination' claims are rising

Claims of "reverse discrimination" first emerged in the 1970s as a backlash to civil rights laws intended to fix racial disparities in the workplace.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Dec 20 2023

 

Jessica Guynn Senior tech and economic opportunity reporter

A concept that first emerged in the 1970s as a backlash to 1960s-era civil rights laws to fix racial disparities in the workplace is making a comeback today: "reverse discrimination."

Emboldened by a Supreme Court ruling last summer striking down affirmative action  in education, conservative activists like Edward Blum are bringing claims alleging that white Americans are being denied opportunities so that corporations can hire and promote more people of color and achieve diversity goals.

Historically reverse discrimination claims are rare, but there has been a recent uptick in lawsuits challenging diversity initiatives.

The claims are not just being brought by political advocacy groups. Individual employees and groups of employees are also filing legal challenges.

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Edward Blum, a long-time opponent of affirmative action in higher education and founder of Students for Fair Admissions, leaves the U.S. Supreme Court after oral arguments in Students for Fair Admissions v. President and Fellows of Harvard College and Students for Fair Admissions v. University of North Carolina on October 31, 2022.

Chip Somodevilla, Getty Images

Why your tax filing season should start now

You have months until the deadline to file your 2023 taxes. But there are reasons why you shouldn't wait.

Tax season typically opens in late January when the IRS officially starts accepting and processing tax filings. You usually have until April 15 to file, unless it's a holiday or weekend, which gives you more time to submit your taxes.

Professionals, however, urge most people to prepare now and get them done as soon as possible, if for no other reason than to get their refund quicker.  

"Refunds were down a little last year due to waning pandemic benefits, but I think it has settled and may be up because of inflation adjustments," said Mark Steber, chief tax officer at tax preparer Jackson Hewitt.

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FILE - Signage for Xfinity, the cable division of Comcast, is displayed in Philadelphia, July 15, 2015. Hackers accessed Xfinity customers' personal information by exploiting a vulnerability in software used by the company, the Comcast-owned telecommunications business announced this week. In a Monday, Dec. 18, 2023, notice to customers, Xfinity said there was unauthorized access to internal systems as a result of this vulnerability — which was previously   announced by software provider Citrix — between Oct. 16 and 19. (AP Photo/Matt Rourke, File) ORG XMIT: NYWS301
 

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A 1930 Tipp & Co Mickey Mouse Motorcycle sold for $110,000 in 2000.
 

Check your garage for these top 15 most valuable old toys

Two companies, Playfinity and Catawiki, have launched a nationwide treasure hunt, encouraging people to see if they might have a valuable old toy.

AUSTIN, TEXAS - OCTOBER 10: A customer purchases a Powerball lottery ticket at the Brew Market & Cafe on October 10, 2023 in Austin, Texas. The Powerball jackpot has grown to over $1.7 billion, making it the second largest jackpot in history. (Photo by Brandon Bell/Getty Images)
 

Powerball jackpot nears $600 million: When is the next drawing?

After there were no winners from Monday's drawing, the jackpot has risen to $572 million.

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Check out the tech stocks that could be your best bet in 2024

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PYXEL wins this year's top robotic dog for kids ages eight and older.
 

The best gadgets of 2023: from buzz-worthy to jaw-dropping new tech tools

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