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2025-01-04 -Great Cultural Revolution
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PayPal accused of racial bias against Asian Americans in funding program
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[Jpost] PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars.
Thursday's complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity, equity and inclusion initiatives in corporate America.
Born to and raised by immigrant parents in the Deep South, Desai thought herself a good fit for PayPal's investment program, which the San Jose, California-based company announced in June 2020 to support Black and minority-owned businesses and help address economic inequality.
Desai said she spent 1-1/2 months seeking funding before PayPal stopped communicating, even as the company invested $100 million in 19 venture capital firms led by Blacks and Hispanics.
She said PayPal has told multiple other businesswomen they were ineligible for funding because of their Asian descent.
- "Power is not only what you have but what the enemy thinks you have."
- "Never go outside the experience of your people."
- "Whenever possible go outside of the experience of the enemy."
- "Make the enemy live up to its own book of rules."
- "Ridicule is man's most potent weapon. There is no defense. It is almost impossible to counterattack ridicule. Also it infuriates the opposition, who then react to your advantage."
- "A good tactic is one your people enjoy."
- "A tactic that drags on too long becomes a drag."
- "Keep the pressure on."
- "The threat is usually more terrifying than the thing itself."
- "The major premise for tactics is the development of operations that will maintain a constant pressure upon the opposition."
- "If you push a negative hard and deep enough it will break through into its counterside; this is based on the principle that every positive has its negative."
- "The price of a successful attack is a constructive alternative."
- "Pick the target, freeze it, personalize it, and polarize it."
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Posted by Grom the Reflective 2025-01-04 04:29||
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