Gary Acosta’s Weekly Blog

Featuring Gary’s take on the economy, politics, sports and Latino culture

Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities. As an industry leader, he protects and improves the business environment required to close the wealth gap, particularly via homeownership. Amongst other endeavors, he is Co-Founder & CEO of NAHREP, the country’s leading Hispanic business organization, and Co-Founder of L’ATTITUDE, the preeminent platform for Latino economic empowerment. Acosta is also a general partner of L’ATTITUDE Ventures, the nation’s largest venture capital fund exclusively focused on Latino-led start-ups. Join Gary as he dives into today’s issues through many creative formats.

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Donald Trump, Jr.

The news was dominated this past week by the release of emails that showed Donald Trump, Jr. participated in at least one meeting with people alleging to represent the Russian government and who represented themselves as supporters of Trump’s campaign for President. The news does not help the credibility of the Administration that has denied…

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Zillow Instant Offers

After years of denying that they have any intention of displacing real estate agents, some agent groups and attorneys believe, Instant Offers®, is the smoking gun that shows Zillow’s true intent. Instant Offers essentially gives would-be home sellers the opportunity to solicit offers directly from buyers (mostly investors), thus circumventing agents from at least part…

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NCLR Changes their name

The National Council of La Raza announced at their annual convention in Arizona that they will now be known as UnidosUS. NCLR, as they were formerly known, is the nation’s largest civil rights organization for Hispanic Americans. In a press release, the organization’s president, Janet Murguia, said that the new name is designed in part…

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The next Lebron…

Last week I mentioned that this year’s NBA draft is widely considered one of the most talent rich in years however, many basketball experts say if the 6’11” Marvin Bagley III and 6’8″ Zion Williamson, both rising seniors at Sierra Canyon High School in Los Angeles and Spartanburg Day School in South Carolina were eligible…

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NBA Salary Cap

Last week, Steph Curry agreed to a 5 year, $201M contract – the richest in NBA history. Lebron James saluted Curry by stating that the two-time MVP and world champion deserved twice as much. He also criticized the NBA salary cap by pointing out how much the Warriors franchise has increased in value during Curry’s…

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NBA Draft

Last month, the long awaited NBA draft finally took place. Experts say that 2017 is the most talent rich draft in years, and thanks mostly to the entertaining and provocative Lavar Ball, it’s one of most drama-filled as well. As expected the Lakers selected Lonzo Ball. Lonzo’s newly famous dad has been criticized by practically…

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Amazon buys Whole Foods

Amazon stunned the financial world when it announced that it had agreed to purchase Whole Foods, the high-end grocery store. On the day of the announcement, grocery stock took a dive. The convergence of technology, automation, artificial intelligence and buyer expectations is changing the global economy at a rapid pace. Elon Musk says, “If your…

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Self-Driving Cars

I am looking forward to self-driving cars. For one, I don’t really enjoy driving or cars for that matter, and one of my biggest peeves are stoplights. Nothing is more annoying or a bigger waste of time, than sitting at a red signal light when there is no traffic in sight. When self-driving cars become…

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A Latino GDP

My friend, Sol Trujillo started the Latino Donor Collaborative a few years ago. He’s the former CEO of US West and one of most successful corporate executives in the country. Sol, a lifelong Republican, has been working to change the narrative about Latino’s in this country by focusing on data and facts. The LDC recently…

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A-Rod

Shark Tank, the popular show staring Mark Cuban and Daymond Johns where start-up companies looking for investment capital can pitch a panel of celebrity investors on their business, recently announced that Alex Rodriguez would be their newest and first Latino celebrity investor. His girlfriend, J-Lo, proudly boasted about his new gig on Insta and its significance…

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Special Prosecutors

This week Time Magazine had Robert Mueller on its cover, the special prosecutor appointed by the deputy Attorney General of the United States. The word is that President Trump is exploring ways to either remove or neutralize Mueller. Removal would almost certainly send the country into a constitutional crisis, but Trump has reason to be…

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HUD Appointments

Pam Patenaude’s nomination as Deputy Secretary of HUD easily passed committee and now moves to full Senate for approval. She looks like a shoe-in. With Pam and two other strong candidates (and NAHREP supporters) currently being considered for leadership roles at FHA and Ginnie Mae, things are looking more positive at HUD.

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Live Below Your Means

A businesswoman with incredible foresight and care, Liza Mendez learned the important lesson of living within your means early in life. She grew up with the comforts of a well-off family, never lacking or in need. After transitioning from a life of privilege to being on her own at a young age, Liza realized there…

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