Fred Hampton, deputy chairman of the Illinois chapter of the Black Panther Party, was born on August 30, 1948 and raised in the Chicago suburb of Maywood, Illinois. In high school he excelled in academics and athletics. After Hampton graduated from high school, he enrolled in a pre-law program at Triton Junior College in River Grove, Illinois. Hampton also became involved in the civil rights movement, joining his local branch of the National Association for the Advancement of Colored People (NAACP). His dynamic leadership and organizational skills in the branch enabled him to rise to the position of Youth Council President. Hampton mobilized a racially integrated group of five hundred young people who successfully lobbied city officials to create better academic services and recreational facilities for African American children.
In 1968, Hampton joined the Black Panther Party (BPP), headquartered in Oakland, California. Using his NAACP experience, he soon headed the Chicago chapter. During his brief BPP tenure, Hampton formed a “Rainbow Coalition” which included Students for a Democratic Society, the Blackstone Rangers, a street gang and the National Young Lords, a Puerto Rican organization. Hampton was also successful in negotiating a gang truce on local television.
In an effort to neutralize the Chicago BPP, the Federal Bureau of Investigation (FBI) and the Chicago Police Department placed the chapter under heavy surveillance and conducted several harassment campaigns. In 1969, several BPP members and police officers were either injured or killed in shootouts, and over one hundred local members of the BPP were arrested.
During an early morning police raid of the BPP headquarters at 2337 W. Monroe Street on December 4, 1969, twelve officers opened fire, killing the 21-year-old Hampton and Peoria, Illinois Panther leader Mark Clark. Police also seriously wounded four other Panther members. Many in the Chicago African American community were outraged over the raid and what they saw as the unnecessary deaths of Hampton and Clark. Over 5,000 people attended Hampton’s funeral where Reverends Ralph Abernathy and Jesse Jackson of the Southern Christian Leadership Conference eulogized the slain activist. Years later, law enforcement officials admitted wrongdoing in the killing of Hampton and Clark. In 1990, and later in 2004, the Chicago City Council passed resolutions commemorating December 4 as Fred Hampton Day.
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Credit score dropped 21 points due to ‘decreased balances’. Yeah, I guess I’m less credit worthy because I checks notes paid you back…
Credit Score is for lenders to measure how profitable you are to lend to, paying off early prevents interest and that’s a no-no.
Not really—carrying a balance and thus incurring interest doesn’t do anything good for your credit score despite it making the lender money. Utilization ratio is important but I think that’s more about statement balances and can still be maintained without paying interest
Fair, though that can be seen as unreliability, which risks profit. Credit score is meant to maximize reliability and profitability.
It is in the interest of the credit agencies for everyone to make all payments with credit card. Regardless of whether they pay it off each month without interest. They make their money through the transaction fees that are factored into the price at every store.
Imagine how much money you could make if you could middleman 1% of every consumer purchase made in a country
I’m pretty sure credit scores have a much more nefarious purpose than what you’re eluding to.
That as well!
I made the minimum payment. If I do not make the minimum payment my credit score would go down due to a late payment.
Yep, less “reliability” in paying it off. It’s scientifically engineered for profit.
What really drives me nuts is when acknowledging that I’ve paid down the three balances the credit bureaus said, “Good job, this could improve your credit score!” under each respective one. I guess that was a fucking lie.
Americans will laugh at the made-up social credit in China, immediately open the app on their phones that tells them how to behave next so maybe one day they can be eligible by the banking overlords to get a mortgage, and not notice any doublethinking
The credit bureaus literally included the note that I don’t have enough lines of credit, they recommend having over a dozen to be considered good standing. Excuse me while I go to every department store to get a bullshit credit card at 28.9% APR.