Wednesday, June 7, 2023

The Daily Money: Preserving Silicon Valley's Black History

In today's Daily Money, we learn about the race to preserve Silicon Valley's Black history, before it is lost forever

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Jun 7 2023

 

Amritpal Kaur Sandhu-Longoria  Investigative Reporter, Consumer Watchdog

@AmritpalKSL

This is Amritpal Kaur Sandhu-Longoria with your Daily Money headlines. It is Wednesday here and Thursday somewhere on the planet.

Quarterly tax time is among us. If you don't have taxes taken out regularly from your paycheck, June 15 is the last day to do it. These estimated tax payments should cover April 1 through May 31, and the next quarterly round of taxes are due September 2023.

If you don't know how much you owe, experts advise that you take last year's tax liability payment and split them into four parts, and use that as your estimated tax payment.

If you miss the deadline, you'll have to pay a penalty. And that's no fun.

Saving Silicon Valley's Black history

Roy Clay Sr., one of the first Black men to graduate from a previously all-white university in a former slave state, headed west to San Francisco in 1958, leaving St. Louis behind for a job at Lawrence Livermore National Laboratory.

He was going to create a radiation-tracking software system to map the aftermath of nuclear explosion. With more than five decades in Silicon Valley, he helped develop Hewlett Packard's computer division, ran his own consulting firm, started a company that manufactured electrical safety test equipment, and advised top venture capital firms on investments with Intel and Compaq.

He was also a huge proponent of "flex time."

So, why haven't we heard more of him? Stories like Clay's, and contributions by other Black Americans to the tech industry, are one of many that have been left untold. And now, other Black Americans are racing to preserve this bit of history before it is lost forever. Silicon Valley Archives, a project by the Stanford Libraries is collecting materials to preserve Black history for its initiative, "Histories of African Americans in Silicon Valley." You can read more about him here.

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About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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