Posts Tagged ‘ economy ’

The Debt Hangover: After the Holidays Spending Spree many African Americans face Ballooning Debt

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By Tarice L.S. Gray
January’s usually the month when Americans are bombarded with tips for getting their bodies back in shape after feasting on December’s holiday fare.

January is also a time when people often wonder: are my finances in good shape?



Wealth Disparities Likely to Grow

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By George E. Curry
A widening gap between the mega-rich and the rest of society, documented in a recent congressional study, is likely to create even larger economic disparities between African-Americans and Whites.



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.



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.



What Becomes Justice Most?

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By Lee A. Daniels
The story of the Virginia scholarships, to some degree, and, even more directly, of the state of Oklahoma’s refusal to properly compensate the Tulsa black community for Greenwood’s destruction casts into sharp relief the harm the post-Civil War century of legalized racism did to the ability of black American individuals, families and communities to gain and hold a solid economic footing in American society.



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.

 



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.



Demonizing the Poor for being Poor

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By George E. Curry
In the 1960s, we had the War on Poverty. In 2011, we’re now seeing a War on People Who Live in Poverty.



Egypt’s “Days of Rage” – Can It Happen in the United States?

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By Stacey Patton
Analysts have said that high unemployment in Egypt, and Tunisia, which forced its president out of the country last month, has been a ticking time bomb that created this televised revolution. There have been numerous signs indicating that the U.S. is facing a similar economic Armageddon.



Obama to Face a ‘Beast’ of a Problem in 2011

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By George E. Curry
Republicans in the House and Senate, borrowing a page from Ronald Reagan, plan to stifle President Barack Obama’s domestic agenda by using recently-enacted tax cuts as an excuse to reduce federal spending.

There is even a name for it – Starve the Beast.