Posts Tagged ‘ economic crisis ’

New Year, New Hope on the Economy – For Some

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By Lee A. Daniels
Well, at least many economists feel better. And the President’s supporters feel better. And those who are among the roughly 800,000 or so Americans who have found work over the last six months feel better, as evidenced by recent reports of a sharp increase in consumer confidence.



The Impact of Social Security Reform on People of Color

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By The Editors
Barring significant reforms of the nation’s Social Security program to avert a shortfall in funds in the coming decades, a substantial number of black Americans’ golden years may be filled with dross.



“There’s Something Wrong With This Picture.” Blacks/Latinos Hit Particularly Hard As Mortgage Crisis Lingers

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By Doug Miller
The study, Lost Ground, 2011,  found that low- and moderate-income African Americans and Latino Americans have suffered a disproportionate share of losses.



The Burden of the Poor: Why the Fight for Survival Seems so Unfair

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By Tarice L.S. Gray
For a long time in this country the poor have felt like they were written off.



The Jobs’ Crisis Collateral Damage: The Coming Mental Health Epidemic

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By The Editors
The U.S. is facing “a silent mental health epidemic” as joblessness lengthens and deepens for millions of once-gainfully employed Americans, a new study is warning.



The Economy and the ‘Political Economy’: More of the Same?

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By Lee A. Daniels
The condition of America’s political economy – that is, the political war in Washington between the Congressional Republicans and President Obama over how to fix the economy – may well get worse.



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.”



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.