Economic Justice

Same Old Tradition; New Faces

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By The Editors
For the last decade or so, we’ve been treated to a concentrated dose of one of the grand traditions of American history: the assertion that U.S.-born black Americans are last on the pecking order of American ethnic groups who “contribute” to American society.



Black America: What Will “Catastrophe” Look Like?

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By Lee A. Daniels
The debt-ceiling crisis that threatened America’s economic foundation has abated for now.
But the jobs crisis and the foreclosure crisis which continue to threaten the present and future of millions of ordinary Americans have not.



Prime-time Fine for Subprime Loans

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By Doug Miller
In the largest civil penalty it has ever issued, the Federal Reserve fined Wells Fargo & Co. $85 million to settle allegations that the San Francisco-based bank maneuvered borrowers into taking out costlier subprime home loans and falsified information on mortgage applications.



The June Jobs Report: “No Redeeming Features Whatsoever”

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By Lee A. Daniels
The federal Bureau of Labor Statistics delivered an employment report for June that seemed to stun everyone — a report one analyst told the Washington Post had “no redeeming features whatsoever.”



Civil Rights Organizations Settle Hurricane Katrina Housing Discrimination Case against HUD and Louisiana

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Today, African-American homeowners and two civil rights organizations announced a settlement in a post-Hurricane Katrina housing discrimination lawsuit brought against the U.S. Department of Housing and Urban Development (HUD) and the State of Louisiana regarding the “Road Home” program.



Jobs on Tour: Congresswoman Marcia Fudge talks about the latest plan to get Americans back to work

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By Tarice L.S. Gray
Some Congressional Black Caucus members plan to tour the country as part of a job fair tour and talk back with citizens of their communities, to discuss the problems that are looming due to our economy.



Jobs and the Cities The Slow Road to Recovery

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By Lee A. Daniels
The nation’s metropolitan areas, overwhelmingly the source of its domestic economic power and jobs, are in for a decade of economic uncertainty – and very likely increased social tension – as they try to recover from the Great Recession, according to a new report from the U.S. Conference of Mayors.

 



Study: Young Males of Color Likely to end up Jobless, Imprisoned or Dead

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By George E. Curry
“Collectively, the pathway data show that more than 51 percent of Hispanic males, 45 percent of African American males, 42 percent of Native American males and 33 percent of Asian American males ages 15-24 will end up unemployed, incarcerated or dead.”



The Insistent Question: Where Are The Jobs?

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By Lee A. Daniels
The gloomy federal jobs report for May has brought to the forefront again all the questions – and fears – about the economy and the jobs crisis that six months ago were pushed into the deep background by the compromise on unemployment benefits between President Obama and the Republicans in Congress.

 



New Migration Needed for African Americans

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By George E. Curry
U.S. Trade Representative Ron Kirk thinks it is now time for a Third Great Migration, this one to far-flung cities around the world.