Sunday, November 15, 2026

THE CASH STUFF FOR THURSDAY, NOVEMBER 19TH, 2026

 BANKRUPTCY COURT APPOINTS

RESTRUCTURING OFFICER TO

MANAGE ST. AUG’S DEBT

By Cash Michaels

Contributing writer


Just as attorneys for embattled St. Augustine’s University (SAU) were about to submit a court-ordered financial restructuring plan to the federal bankruptcy court last week, bankruptcy Judge David Warren agreed to appoint Malcomb Coley, a veteran accounting professional and former SAU professor to takeover from the SAU Board of Trustees in directing the HBCU’s efforts to return to financial solvency. 

“The Debtor was prepared to file a plan of reorganization today that would have paid its creditors in full…however, given the historical significance of [Saint Augustine’s University] to the City of Raleigh, the State of North Carolina, its alumni and supporters, the Board did not believe that the plan it would have proposed would have been the best plan to allow the [Saint Augustine’s University] to emerge from bankruptcy and relaunch itself as an institution of higher education,” court documents state.

Coley also served on the Trustee Board of 160 year old Queens University in Charlotte for eight years during its financial struggles. Coley also once served on th trustee board of UNC at Wilmington. His appointment to taking charge of SAU’s restructuring effort is seen as a positive development  by both the school and its lender, Self-Help Ventures Fund.

Coley will be paid $450.00 an hour, a fraction of what his new role should cost, court officials note.

SAU’s Trustee Board believes Coley “would be better suited to weigh the options for the [Saint Augustine’s University] to obtain exit financing, sell certain real and/or personal property assets, and propose the best plan of reorganization possible on behalf of [Saint Augustine’s University],” according to court documents.

As the appointed bankruptcy administrator in charge, Coley now has until Jan. 8, 2027 to submit a new restructuring plan to the court for SAU.

“I’m glad you’re here,” Judge Warren told Coley. “I wish you were here four months ago.”

-30- 


                                               REP.ELECT LAKESHA WOMACK
                                              REP.ELECT CYRIL JEFFERSON
                                                REP.-ELECT RAYMOND SMITH


2026 MIDTERM ELECTION

RESULTS YIELDS MORE 

BLACK HISTORY

By Cash Michaels

Contributing writer


Without question, the 2026 midterm general elections across the nation yielded extraordinary results for Democrats in terms of Republican seats being flipped in Congress and in state legislatures. Driven by an angry Black vote, Democrats claimed majorities across the board, helping many Black candidates to rise to power.

In the North Carolina Congressional delegation, instead of there being a 10-4 Republican House majority, there will now be a 11-3 Democratic House majority representing the state for the 120th Congress starting in January.

Democrats flipped six congressional seats, including the District 3 seat formally occupied by Republican Rep. Greg Murphy, now won by Rep.-elect Raymond Smith; the District 6 seat held by GOP freshman Addison McDowell, now won by High Point Mayor Cyril Jefferson; and District 14 in west Charlotte once held by former NC House Speaker Tim Moore, now won by LaKesha Womack.

Those three newly elected African-American congresspeople, along with reelected Black Democratic incumbents Don Davis in the Republican-leaning First District, Valerie Foushee in the Fourth District, and Alma Adams in the 12th District, gives North Carolina a record six African-American Congresspeople out of the eleven Democrats who will be representing the state in the next Congress.

In the NC General Assembly, while the NC Senate is still in Republican-led hands, 26-24 despite losing of its majority, Democrats shocked political observers by claiming the NC House majority for the first time in 16 years. Democratic House Leader Robert Reives III will now become the new Speaker of the NC House, only the second African-American to do so.

Under Rep. Reives’ leadership, Democrats will hold a 71-48 advantage over Republicans, with one independent.

-30-

Monday, November 9, 2026

THE CASH COMMENTARY FOR NOV. 12,2026

                                                                        

                                                                   CASH MICHAELS

                                               THE TASK AHEAD

                                                by Cash Michaels


Lots of lip service since the Democrats gave the lowly Republicans a “blue tsunami” ass-whuppin’ during last week’s extraordinary midterm elections. The bottomline has been, and remains, that now that Democrats overwhelming have the power back to lead both locally and nationally, they better damn well do something with it for the American people.

I wholeheartedly agree, and further suggest that Dems don’t have a moment to spare. They don’t officially start the 120th Congress until January 3rd, 2027 (my birthday, by the way), but I pray they’re busy putting their plans together on meaningful ways to lower the cost of living for the American people. 

I’m sure they are, but just in case they skip a few ideas, please allow me to offer some elderly insight and sage wisdom all the way from North Carolina that can grease the skids a little bit further.


                  Make Sure Americans Can See It, and Feel It

The campaign is over. No more talking. Let’s make sure Americans know that Democrats are moving in the right direction when it comes to affordability and accountability. 

On the affordability front, what drove up the cost of living under Trump to begin with? His dumb bunny illegal tariffs to start, of course. 

According to GovFacts.org, “A tariff is a tax that governments place on goods coming into their country. The process in the United States is straightforward. When a ship full of foreign goods arrives at an American port, U.S. Customs and Border Protection collects the tariff. The company importing the goods pays the tax, typically within 10 days of the goods clearing customs.

Gov.Facts.org continues, “The most immediate effect of a tariff is simple: it makes imported products more expensive for Americans to buy. This basic function drives all the complex economic and political consequences that follow.”

So if an import costs $100.00 per unit, and Trump has tacked on a 25% tariff, the American business importing the unit pays $100.00 to the foreign manufacturer, and $25.00 tax per unit to the U.S. government. 

Naturally, the American importing business then passes on that 25% tariff incurred to its customers, and that’s what’s made the cost of items we’ve taken for granted like electronics, toys, and even food cost more in the past year. But according to Article 1 section 8 of the U.S. Constitution, Congress, not the president, has the power to impose tariffs and maintain oversight. That means Democrats can either remove or modify the high tariffs Trump has unconstitutionally imposed (as president, he only has limited power to impose tariffs to begin with, so Congress legally is the final arbiter).

That move by a Democratic Congress should have an immediate impact on the cost of things once Dems take over. Trump won’t like it, but Americans will be grateful. Dems should just make sure Americans know and understand what they’re doing, and why. And let Trump and the Republicans lie and scream and shout all they want.

Also under the US Constitution, only Congress has the power to declare war, and that’s exactly what we have going on with Iran, and in Iran right now - a war. But Trump illegally declared it, no one else. Congress has the power of the purse, meaning that it can cut off further funding to the war, forcing military operations to cease at some point.

Democrats have threatened to do just that during the campaign, and they can further ensure that their wishes are carried out by finally impeaching Trump’s so-called “Secretary of War” Pete Hegeseth without delay (a process which started in earnest this week, fell flat because House Republicans saved his bacon and eleven Democrats failed to show up for work, but the prospect is ripe for the new Democratic House majority in January to try again. The question is, can 60 votes be mustered up in the new Democratic majority Senate to give Hegeseth the trial he so richly deserves). I think the evidence is clear that this former Fox weekend TV anchor/deluded strong man wannabe has badly mismanaged our military. 

Get rid of Hegeseth, grab the money reins of the military, and start powering down operations and bringing our brave men and women in uniform home. That will allow the Strait of Hormuz to fully reopen, and world commerce to proceed, especially the flow of oil. That should eventually bring the cost of gasoline and diesel down and back where prices were before Trump started the war over eight months ago. Experts say because of the global oil market that might take some time, which is why the sooner it happens the better.

Eliminate tariffs first, wind down the war second. Trump will kick and scream at both, but the American people will love Democrats for it.

And since Democrats comfortably have both chambers of Congress, how about repealing that so-called “Big Beautiful Bill” while you’re at it, in addition to settling the Obamacare health insurance problem so that Americans can reasonably afford to depend on that again.

Killing the monster which gave big tax breaks to the rich at the expense of cutting the social safety net for the poor (reversing Medicaid and SNAP cuts) will go a long way towards proving to folks that they are being heard and listened to.

All of the above will show Americans that Democrats are serious about leadership and good governance again. And it couldn’t happen a moment too soon! 

Symbolism is everything

Only after Dems kill high tariffs and start the process in earnest to wind down the war should they then go after making Trump accountable. Putting money back in people’s pockets is key to making all of this successful. Once folks feel that Dems are fulfilling their affordability promises, they’ll be open to hearing about investigations into Trump’s shenanigans while in office, and how his corruption has wasted taxpayer money, and made he and his family billions. Shutdown all of Trump's self-aggrandizing schemes and stuffs, and folks will love you for it.

Commitment

All of the above will take leadership and deep commitment. I, for one, believe Democrats in the US House have it in the person of soon-to-be-Speaker of the House Hakeem Jeffries (D- Brooklyn). Jeffries, who has earned the leadership mantle more than anyone else in the House, has promised that Democrats will “move aggressively in the first 100 days” to achieve their affordability and accountability goals for the American people, commit to “cleaning up the mess “ of corruption, and “restoring American values” to our government.

Newly minted Michigan Sen. Dr. Abdul El Sayed added that in striving to return good government to the American people, Democrats have to treat those aspirations as “the floor, not the ceiling.” 

        By no surprise, after immediately acting as if he had some sense after getting his big orange tail beat during the midterms last week, trump is acting this week like the same old tyrant we've all come to hate. he's made vampire Stephen Miller his new chief-of staff, and signed off on the cantankerous Jim Jordan to be the new House Minority Leader, meaning that House Dems will still have to fight for every inch of advantage they can get in passing needed legislation.

        As of January, Democrats in both chambers of Congress will have the power, and Americans will expect them to use it to make they lives better. Whether Dems do or don’t will define the party for generations to come. I hope they really know that.

        Be strong, Democrats! Trump and the Republicans have already signaled that they’re going to try to take you off your game by bluffing and making you afraid of doing your job. It’s worked before. Don’t let that cowardly tactic beat you again!

You’ve got strong leadership in Hakeem Jeffries in the House, six Black members of the North Carolina delegation, and Scott Colom from Mississippi, the first African-American senator actually elected from that Old South state. Make these members of color an essential part of what you accomplish for the American people.

Like I said, lots of lip service coming from the victorious Democrats these days, and rightfully so. But ultimately, they better not screw this up. They'll be under the microscope and there will be a lot of pressure to deliver. The American people have been treated atrociously under Trump. It’s time to get things back in order so that people can go about their lives. That’s what Americans want more than anything else, and I’m willing to bet that folks across the political spectrum would be eternally grateful to the Democratic Party. 

Maybe even to the point of awarding the 2028 presidency to a Democrat. It’s very possible, but only if Democrats in Congress stay sharp and committed to the task ahead. 

        That will take a lot of work, Democrats, but you have the deep bench of talent to pull it off. So get to work!

-30-

Sunday, November 8, 2026

THE CASH STUFF FOR NOV. 12TH, 2026


                                        FORMER LT. GOV. MARK ROBINSON


REPORT: ROBINSON & WIFE

FILE FOR BANKRUPTCY

By Cash Michaels

Contributing writer


The News & Observer of Raleigh reported Tuesday that former Lt. Governor and 2024 gubernatorial candidate Mark Robinson and his wife, Yolanda Hill, filed for Chapter 13 bankruptcy last week, in an effort to legally protect their home and property from creditors.  Chapter 13 allows the couple to instead create a payment plan.

According court documents, The N&O reports, Robinson and Hill owe nearly $800,000 after running up over $120,000 in credit card purchases, along with owing $3,000in back taxes to the Internal Revenue Service.

Robinson and his wife also are facing a number of lawsuits “…from banks for gaining to pay back debts” The N&O further reported.

This isn’t the first time that Robinson and Hill have filed for bankruptcy. Records show that they have done so at least three times from 1998 to 2003. Also from 1998 to 2002, the couple reportedly failed to pay almost $16,000 in income taxes, which were ultimately paid back in 2003.

But because of “bad money management,” according to Robinson’s 2022 memoir “We Are the Majority,” the couple had two cars repossessed, in addition to other financial struggles.

And once Robinson entered politics, his finical problems didn’t stop, The N&O maintains.

He was ordered to pay the state Board of Elections $35,000 for campaign violations, which he did in December 2024. In 2024, Yolanda Hill closed her nonprofit childcare agency after it owed $132,000, and as of last March, Hill still owed over $101,000 in misspent funds after missing a deadline to pay it back the previous year to the NC Dept. of Health and Human Services.

Robinson currently faces a lawsuit from Louis Money, who accuses him of falsely suing him and CNN after the news organization revealed that Robinson allegedly frequented porn sites under the moniker “Black Nazi.” Money claims that Robinson’s lawsuit against him was “illegitimate” and hurt his reputation.

-30-




                                                                JUSTICE ANITA EARLS


                                                               BISHOP WILLIAM BARBER

IN NORTH CAROLINA &

THROUGHOUT THE SOUTH,

ANGRY BLACK VOTERS 

DROVE THE 2026 MIDTERMS

By Cash Michaels

An analysis


There was no poor performance finger-pointing towards African-American voters last week. Given the massive Democratic success of the 2026 midterm elections, it became undeniably clear that the black vote, especially here in the South, was key to the “blue tsunami” that enveloped the races and wrested long held legislative power away from Republicans.

According to WRAL-TV, “What North Carolina Republicans didn’t realize until Election Day, party insiders say, was how many Republican voters would stay home and how many unaffiliated voters would break for Democrats.” 

Across the country, Americans fed up with the policies of the Trump Administration, and how the Iran war, high tariffs and alleged corruption all contributed to driving up the cost of gasoline, food, and overall quality of living, packed the polls with their protest votes starting with early voting.

Black voters throughout the South were additionally angry about Republican-led Southern states like Texas, Alabama, Louisiana, and Tennessee using the U.S. Supreme Court ruling that effectively gutted the 1965 Voting Rights Act last April to redistrict majority Black voting districts out of existence.

“So much of what this administration has done has been to roll back the protections that give us access to the ballot, while simultaneously flooding us with propaganda that tells us that it doesn’t matter,” Nadine Smith, president and CEO of Color of Change, which worked to mobilize voters across the South before the election, told The Guardian. “What you saw was Black voters showing up in the face of an administration that has spent two years attacking our rights, weakening voter protections and redrawing maps specifically to diminish Black political power.”

"Once again, Black voters have proven that we are not bystanders in this country, we are its builders," said Derrick Johnson, President and CEO of the NAACP. "The Trump Administration tried every trick in the book to block voters from the polls, but we showed up and showed out, and we voted. This election's outcomes are not the finish line. They're a reminder that we the people have the power. And keeping that power requires us to vote, hold elected officials accountable, and fight for our freedom." 

Here in North Carolina, impressive early voting numbers totaled over 2.8 million ballots, with Democrats leading the balloting with 1,085,328, outpacing Republican voting 738,748 and unaffiliated voting 995,434

Of those final early voting numbers, black voters totaled 599,251 statewide. In terms of  North Carolina voter registration, African-American voters are 1,520,489.

Nov. 3rd, 2026 Election Day stats weren’t available at press time.

Those exceptional North Carolina early voting numbers, especially for Black voters who vote primarily Democratic traditionally, yielded extraordinary Election night results.

Among them, commanding victories for former Governor Roy Cooper in his race for the U.S. Senate, and Associate Justice Anita Earls in winning a second eight-year term on the NC Supreme Court.

“It is the honor of my life to be elected to serve another term on the Supreme Court. I am so grateful to everyone who worked so hard to make this victory possible,” Justice Earls said in a statement. “Thank you for your trust, North Carolina!”

         In addition, all three incumbent Black North Carolina Democratic Congresspeople - Don Davis in the redrawn Republican-leaning First District, Valerie Foushee in the Fourth District and Alma Adams in the 12th District - were joined by two new Democrats, LaKesha Womack, who defeated first-term Republican and former North Carolina House Speaker Tim Moore in Congressional District 14; and Cyril Jefferson, the mayor of High Point, who unseated first-term Republican Rep. Addison McDowell in the Congressional 6th District. Jefferson is the first African-American to represent the Sixth.

Ms. Womack owns a business development firm and is a mentor in Goldman Sachs’ One Million Black Women: Black in Business program.

As a result of the midterm elections unofficially, whereas Republicans led the North Carolina Congressional delegation 10-4, as of January, Democrats will lead the delegation 10-4.

In the NC House, for the first time in sixteen years, Democrats took back the majority from Republicans, unofficially winning 71 House districts compared to the GOP holding on to just 48.

One district was won by an unaffiliated candidate.

Rep. Robert Reives III of Chatham, currently the house minority leader, is now considered most likely to elected the new North Carolina state House speaker, becoming only the second African-American behind Daniel T. Blue of Wake County to do so.

In the state Senate, there were still elections up in the air at press time that could determine whether Democrats could claim that legislative chamber as well.

There were Black success stories throughout the South as a result of the “blue tsunami,” with former Atlanta Gov. Keisha Lance Bottoms being elected the first African-American woman to be elected governor of Georgia. Many Black activists say despite the midterm Democratic success, the Democratic Party needs to invest more money in the South to get even better results. 

“In the cold of winter, people began marching in Eastern North Carolina,” wrote bishop William Barber of Repairers of the Breach. “We saw an historic turnout in the primary, and we put out the invitation for thousands to march.You joined hands with others in your communities and led a thousand

Marches to the polls. Your witness inspired others. Together, we celebrate the largest midterm turnout in US history today.”

-30-


AFTER UNC MADE DEAL,

FEDS ENHANCE PROBE OF

DUKE MED SCHOOL AMIDST

CIVIL RIGHTS ALLEGATIONS

By Cash Michaels

Contributing writer


The Trump Administration’s U.S. Dept. of Health and Human Services has referred its findings related to allegations of civil rights violations in student admissions at Duke Medical School in Durham to the US Dept. of Justice for further action. Published reports in the Duke University student newspaper, The Chronicle allege that Duke Medical School allegedly did not comply with federal DHHS demands for information after it was alleged that racial proxies were still being used in the admissions process, despite a 2023 U.S. Supreme Court decision outlawing race as a factor in college admissions.

DHHS alleged in a September letter to Duke Medical that Black students admitted to the school statistically had lower MCAT or Medical College Admission Test scores than their White and Asian counterparts. The federal agency also charged that Duke Medical would not produce explanations for the admission discrepancies when asked. As a result, the case has now been referred to the U.S. Dept. of Justice, and Duke Medical has been notified accordingly.

For the school’s part, it claims that it has complied with all official inquiries into its admissions process.

“We are disappointed that despite Duke’s cooperation in answering the Department’s inquiries and submitting information demonstrating its ongoing compliance, [DHHS] has decided to refer the matter,” A Duke Med spokesperson told The News and Observer of Raleigh by email. “As we have said before, Duke is committed to complying with the law in a manner that is consistent with our academic mission.” 

This Duke Medical School Justice Dept. investigation comes on the heels of UNC-Chapel, whose admissions policy was also under Trump Administration scrutiny, signing a deal to end whatever probes the federal government had launched into its policies and practices.

-30-