BALTIMORE/CHARLOTTESVILLE (BBN) — (Update on January 14, 2018 to add news of SmartCEO founder Craig Burris Chapter 7 bankruptcy filing and interview with SmartCEO founding editor David Callahan) The rise and fall of Baltimore-based EMI Media, INC. d/b/a SmartCEO – the 15-year-old event and business magazine – is a glaring example of the contrast between the downward mobility of white flight suburbs and the resurgence of urban economies in the United States.
[National Association for the Advancement of Colored People (NAACP) Interim President and CEO Derrick Johnson speaks to Capitol Intelligence/BBN using CI Glass on opportunity gap following speech to National Press Club of Washington, DC. August 29, 2017]
The contrast of the fortunes of urban economies to those of the suburbs can be seen in the rise and fall of SmartCEO and its founder, former suburban Bel Air, Maryland resident Craig Burris. In less than a year, the 50-plus year-old Burris saw his fortunes rise to circa USD 40m before crashing down to personal and corporate bankruptcy and facing the real risk of imprisonment for fraud, embezzlement and larceny.
On January 11, 2018, Craig Burris filed Chapter 7 personal bankruptcy at the United States Bankruptcy Court for the District Maryland in Baltimore claiming to owe between USD 500,000 to USD 1m in debts, of which most incurred by EMI Media Inc, d/b/a SmartCEO.
However, the rising fortunes of our urban centers has breed a level of hostility, fear and prejudice in the once affluent suburbs not seen since the Boston school busing desegregation protests of the 1970s.
The most shocking images from Charlottesville was not the violence between neo-Nazis and the radical left, but the previous night’s torchlight procession of well-dressed suburban millennial males — filmed and reported by Elle Reeve of Vice News — chanting: “You will not replace us. Jews will not replace us. Blood and soil. Whose streets? Our streets! White lives matter.”