FDIC Workplace Culture Concerns: Impact on Fair Lending in Cities

You might remember hearing bank commercials say "FDIC insured" at the end of their spiel of why you should bank with them, but if you don't that's ok, the next time you hear a bank commercial you'll probably hear it. To catch you up on what this federal agency does, and why you should care it about it is that the Federal Deposit Insurance Corporation (FDIC) helps insure our money at banks and upholds fair lending practices so that loans are race blind. This means more people can borrow which creates critical economic mobility in our cities.

But recently, the FDIC Chair Martin Gruenberg has been in the news for workplace culture concerns, making many go hmmm... Various sources like The Wall Street Journal, Bloomberg, and The New York Times have highlighted allegations of a toxic work environment under his leadership. Gruenberg even got a "bipartisan grilling" at the House Financial Services Committee and some members signaled they had lost their confidence in him. With minimal options left, on May 20th Gruenberg announced that he will step down "once a successor is confirmed.”

If you're wondering how this FDIC workplace concern matters to urban planning? It all comes down to ethics and access. A positive workplace culture is essential for the FDIC to effectively carry out its mission rooted in integrity and fairness. Fair lending practices are vital for the future of cities, ensuring people trust they are getting race blind opportunities to loans and fair access to banking options.

Learning AI's Climate Impact

Fun Fact: Microsoft's move to AI has pushed it's CO2 emissions 30% higher than 2020 creating a big wrinkle in its ambitious climate action goals.

We are all learning many things in the AI race, including it's impact on the environment. While this stat may raise some eyebrows we can't let it hold us back. We will keep learning and iterating to bring AI's carbon footprint down. 

Swift City: How Taylor Swift and Travis Kelce Are Transforming Kansas City

In honor of Taylor Swift Week, I decided to delve into how the buzz on Taylor Swift's and Travis Kelce's romance is influencing city life in Kelce's backyard. Sightings of the dynamic duo are not unique to Kansas City, there's plenty of them in LA or on vacation, the difference is that Los Angeles and the Bahamas are no strangers to celebrities and paparazzies, and now Kansas City is getting it's own taste of the "Swifties" and is becoming the place to catch the latest "Tayvis" or "Traylor" (Taylor + Travis) dates.

The Taylor and Travis show has the whole town doing a double-take. So, what exactly does that mean for Kansas City? Buckle up, because we're about to take a whirlwind tour of Swift City's transformation.

1. Traffic Jams in "Swift-Lane": If you've noticed traffic has gotten heavier, it's because the Swifties have taken over the roads turning the fast lanes into "Swift-lanes."

2. Hotels: No Vacancy, but Plenty of Heartbreak: Taylor boosts hotel occupancy rates during her Eras Tour and increased Chiefs ticket sales. It's like every Swiftie is hoping to catch a glimpse of their idol in the hotel lobby, guitar in hand, singing about their latest ex. Fingers crossed that Kansas City won't become the backdrop for the next big break-up ballad.

3. Coffee Shops and Cupcakes: Local businesses are cashing in on the hype. Every coffee shop is offering Taylor-themed drinks. "Love Story Latte," anyone? And let's not forget the cupcakes—if there's one thing Swifties love more than Taylor, it's sugar.

4. Real Estate: Swift Investments: Looking to buy a house in Kansas City? Good luck! Real estate agents are using Taylor Swift lyrics to sell homes. "This house is your 'Blank Space'—write your name!" Property values are skyrocketing, afterall who needs a beach house when you've got a city where Taylor Swift might just buy the house next door?

5. Infrastructure: New Bridges and an Airport Terminal: With all the hype, the city has had to step up its game. New bridges, new roads—everything's getting a Swift upgrade. Just in time for over 12 million Swifties to get their fix on the romance tour a new $1.5 billion airport terminal opened up last year after 4 years of construction and a few more in the planning.

The dynamic duo has brought a fresh wave of excitement and attention to the city, boosting business for hotels and real estate while driving infrastructure developments like new bridges and a cutting-edge airport terminal. Kansas City has become more than just a Midwest stopover—it’s a destination buzzing with star power. And with Taylor Swift's new album drop, "Tortured Poet's Department," the city is bound to keep its newfound spotlight as fans eagerly await the next chapter in this unfolding pop culture love story. Get ready, Kansas City: the Swift effect is just beginning.