Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Luis Miranda Jr. reflects on giving, the arts and his son Lin-Manuel in the new memoir 'Relentless'

GABRIELA AOUN ANGUEIRA
May 07, 2024

Luis A. Miranda Jr. was just 19 years old when he arrived in New York City from a small town in Puerto Rico, a broke doctoral student badly needing a job.

It was 1974 -- decades before "Hamilton," the Tony Award-winning musical created by his son Lin-Manuel, became a sensation and brought his family international recognition and unexpected fortune -- when a nonprofit focused on Puerto Rican youth hired Miranda as a researcher in its office a few blocks from the Empire State Building.

"You can imagine the symbolism," Miranda told the Associated Press. "A job with the Empire State Building in the background? I felt like Debbie Reynolds in 'The Unsinkable Molly Brown'."

Miranda planned to complete his doctorate in clinical psychology and return to Puerto Rico. He was an ardent independentista, committed to helping lift his country from the shadow of United States colonialism.

But the job opened his eyes to the different challenges facing the Puerto Rican diaspora. They lived in substandard housing. Their children lacked access to a good education. They, like other Latino groups, dealt with inequality and lack of representation. These became the issues he cared about most.

"The Empire State Building was the symbol of the great city," Miranda said. "But El Barrio, the South Bronx, our communities, were the places that I wanted to spend my energy supporting."

Miranda didn't finish his doctorate. Instead, he threw himself into a career of community activism, political organizing and philanthropic giving -- a transformation he recounts in his new memoir, "Relentless: My Story of the Latino Spirit that Is Transforming America," released on May 7.

While he spent most of his career in politics, Miranda spoke to The Associated Press about how he and his family have also dedicated themselves to lifting up Latino communities through giving. This conversation has been edited for clarity and length.

______

Q: Your parents were very involved in their community. How did their example influence your own dedication to service?

A: We lived in a small town, Vega Alta. It was literally six streets. We didn't have money. We couldn't do what philanthropy does in the United States. But we had human capital, and we used our human capital to help others.

Every Thursday, my dad went to a meeting of the Rotary Club. They talked about the good deeds that they were going to do for the town. We were always involved in the Red Cross, and whenever there was a hurricane or something that hit the Dominican Republic, Haiti, Puerto Rico, my dad was a leader in making sure that we were sending stuff.

What I have learned as I got a little more money and I could be philanthropic, is that you also have to give human capital. Being involved in the organization is much more work, but it feels different than when you just give money. I learned that from my parents.

_____

Q: What guides your family in deciding how to share your resources?

A: At the Miranda Family Fund, we always try to be the first one giving money. Money brings money, so we want to make sure that we go in and we help sell the story.

We're working with the People's Theater Project on a dream of having the first off-Broadway theater in Washington Heights. You have no idea how many people said to me, "It's really a tall order, we don't have the audience." It becomes a chicken and egg situation, because if you don't have a place, how do you get an audience?

So we put the first $1 million in. Then, I went to New York-Presbyterian and said, "You need to match us, because you are the employer of this community." Then all of a sudden every foundation is coming in, and we're raising $20 million to create a real theater.

_____

Q: Why have the arts been such a priority for your family's giving?

A: The arts changed our lives. We believe it not only feeds your heart and soul, but is a door to opportunity.

If my son had not created "Hamilton," and if my wife and I had not taken the leap to mortgage our house to invest in "Hamilton," the Mirandas would have still been great people using a lot of their human capital to help. But the arts changed our fortunes.

So the arts are a way to prosperity, but to get there, you need to get opportunities. And in order to get opportunities, someone has to invest. We invest in organizations that are in the arts and are opening doors, and in people who are in the arts, have talent and want a chance.

_____

Q: Helping Puerto Rico recover from the devastation of Hurricane Maria must have felt like a monumental task. How did you approach it?

A: We did what we knew best through the Hispanic Federation, which was to use a network of nonprofits to help. The nonprofit sector in Puerto Rico already existed, with real leaders, with vision, but was very weak. So we said, "Okay, We know how to strengthen existing organizations, and we know how to push forward their development."

We created the Flamboyan Arts Fund, again, not by ourselves. A donor reached out to us, he already had a foundation in Puerto Rico. So we didn't spend a penny on creating new systems. There were organizations in Puerto Rico that were part of the art ecosystem and needed to be developed. So we invested there. We brought "Hamilton" to Puerto Rico and raised $15 million for the Flamboyan Arts Fund.

______

Q: You write about how everyday people were also so key in mobilizing help for Puerto Rico.

A: It was the most difficult but most rewarding chapter to write. I remember going to the Hispanic Federation one day. José Calderón, the president, opened a safe and showed me 500 letters they had received that day with donations. They had to get volunteers just to help open the envelopes.

Kids would send a $10 Hamilton bill in honor of Lin-Manuel. Other people sent sizable checks. Even the Facebook group "Fans of Lin-Manuel" mobilized themselves like there was no tomorrow.

It was normal people from all over. Those who were invested emotionally, like the diaspora was, and those who were connected, sometimes peripherally, because they loved "Hamilton" and they loved Lin-Manuel, or just because they saw real need and just came to the rescue.

_____

Q: Any final thoughts on giving?

A: You have to give, and you have to give until it hurts. When our kids were growing up, if we gave $250, we were hurting. We were not going to go hungry, but if Lucecita or Lin-Manuel needed some shoes or new this or new that, it was not happening because we gave $250 to an organization in the neighborhood.

I hope that my kids have learned that legacy and that it becomes a quest in their lives, and in how they teach their kids to be giving people who worry about their neighbors. That's what I hope the future generations of Mirandas will continue to do.

_____

Associated Press coverage of philanthropy and nonprofits receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP's philanthropy coverage, visit https://apnews.com/hub/philanthropy.

Continue Reading...

Popular

Cathie Wood Dumps $2.4 Million Worth Of Tesla Stock, Doubles Down On These AI Stocks

Cathie Wood-led Ark Invest made significant trades involving Tesla, Pony AI, TSMC, and Baidu, highlighting their strategic positioning in tech & AI sectors.

Gold Alert: Extraordinary Upside in One Stock (Not a Miner) - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Scaramucci Says This One US Mistake Helped China Become a Manufacturing Superpower

Anthony Scaramucci recently highlighted what he considers a significant error by the US that enabled China to ascend as a manufacturing superpower.

Velo3D Stock Soars After Q3 Earnings: Highlights From The Report

Shares of Velo3D, Inc. (NASDAQ:VELO) are rising Tuesday after the metal 3D printing company reported third-quarter earnings results.

Urgent Copper Stock With Strong Catalysts - Ad

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Indigenous groups get the spotlight at UN climate talks, but some say visibility isn't power

BELEM, Brazil (AP) — Indigenous people are used to adapting, so when the power failed at their kickoff event at this year's , they rolled with it. Participants from around the world sweated through song, dance and prayers, improvising without microphones and cooling themselves with fans made of paper or leaves.

First Drug to Show Breakthrough Myocarditis Data. Analysts See Potential 7-10x Upside. - Ad

This biotech just delivered a medical first in myocarditis and has a Phase 3 trial fully funded into 2027. Wall Street targets imply massive revaluation ahead.

FDA's Prasad Cites Alleged Child COVID Shot Deaths in Push for Stricter Rules

FDA's new vaccine strategy tightens approval rules after internal findings linked COVID-19 shots to several child deaths.

Nevada's Mining Renaissance Is Accelerating - And This Early Opportunity Is Well Positioned - Ad

Nevada's Walker Lane belt has produced 50M+ ounces of gold since the 1800s, and it's waking up again. One of the neighborhood's latest successes just secured over $6M in U.S. support and is up more than 300% YTD. Now a new early-stage explorer has moved in next door.

Ross Gerber Says Meta's Smart Glasses Give Him 'Hope' To Give Up His Phone One Day — Just Like Mark Zuckerberg Predicted 10 Years Ago

Meta investor Ross Gerber says the company's new smart glasses give him hope of ditching his phone—a vision that aligns with Mark Zuckerberg's decade-old prediction, even as early reviews highlight impressive hardware but limited everyday usefulness.

The Next 'Ozempic Moment' Could Be in Heart Disease - Ad

Just as Ozempic rewrote the obesity playbook, this breakthrough data could transform how we treat inflammatory heart disease. Fully funded. Multiple catalysts. $280B market opportunity.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Donald Trump Nullifies 92% Of Joe Biden's Autopen-Signed Documents: 'Cancelling All Executive Orders And Anything Else'

Trump moved to invalidate what he claims are most of Biden's autopen-signed actions, sparking political backlash and renewed debate over the legality and precedent of using mechanical signatures for presidential documents.

New Number One Copper Start Alert - Ad

EVs and AI devour copper. Supply cannot keep up. A Quebec discovery with high grade, infrastructure, and cheap power is funded to drill through the year. Catalysts are lining up. Institutions are circling. Move now while it is still early.

A lost generation of news consumers? Survey shows how teenagers dislike the news media

NEW YORK (AP) — Cat Murphy, a college student, has wanted to be a journalist since she was 11. Many of her friends don't understand why.

Bitcoin's Pullback Could Be Your Gain - Ad

More than 70 cryptos have recently outperformed Bitcoin and it's not the first time. During crypto's last bull market the top 100 coins NOT named Bitcoin went up by 174%. Now the signs show that it's happening again. This could be a chance to strike gold in some far corners of the crypto market.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

WASHINGTON (AP) — The Democratic senators — eight in total — faced almost instant blowback from members of their own party as to allow the Senate to move forward on that would reopen the government.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

What's Going On With Papa John's (PZZA) Stock Today? (UPDATED)

Shares of Papa John's International, Inc. (NASDAQ: PZZA) moved higher on Monday. Here's what you need to know.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Nvidia, Dell, Coinbase, Gorilla Technology And Archer Aviation: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed lower on Monday, with the Dow slipping 1.2% to 46,590.24, the S&P 500 easing 0.92% to 6,672.41, and the Nasdaq dipping 0.84% to 22,708.07. These are the top stocks that gained the attention of retail traders and investors through the day:

Silver Soars To Record Highs: It's Up 95% In 2025, The Best Year Since 1979

Silver prices surge over 5% as investors rush to secure metal amid tight supplies and global shortage concerns, driving up stocks and mining equities.

Gold Alert: Extraordinary Upside in One Stock (Not a Miner) - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

AT&T reached a $177M data breach settlement. What consumers should know about claiming their money

NEW YORK (AP) — AT&T has reached a combined $177 million settlement over two . And impacted consumers have a little over a month left to file a claim for their chunk of the money.

Urgent Copper Stock With Strong Catalysts - Ad

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

First Drug to Show Breakthrough Myocarditis Data. Analysts See Potential 7-10x Upside. - Ad

This biotech just delivered a medical first in myocarditis and has a Phase 3 trial fully funded into 2027. Wall Street targets imply massive revaluation ahead.

An archaeologist is racing to preserve Sudan's heritage as war threatens to erase its cultural past

PARIS (AP) — In a dimly lit office in a corner of the French National Institute for Art History, Sudanese archaeologist Shadia Abdrabo studies a photograph of pottery made in her country around 7,000 B.C. She carefully types a description of the Neolithic artifact into a spreadsheet.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service