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Posts Tagged with "recession"

Report: Dr. King’s dream of economic equality deferred as racial wealth disparities persist

January 21, 2013

The 10th annual Martin Luther King Jr. Day report by UFE explains that the Great Recession took a greater portion of wealth from Black and Latino families than it did from White families. Today, the average net worth of White families is, respectively, more than six times higher and 5.7 times higher than the average Black and Latino families. Median wealth disparities are even greater.

The racial wealth gap’s larger than ever

July 31, 2011

The racial wealth gap has been enormous ever since the Census Bureau began measuring it 25 years ago. But it has never been larger than today. The median wealth of a white family is now at least 20 times higher than that of a Black family and 18 times that of a Latino family.

Congresswoman Waters, FS 10 bestowed with Political Leadership Award by Black Press

April 10, 2011

Congresswoman Maxine Waters and the African American members of the House Financial Services Committee were recently honored by the NNPA – the Black Press of America – for their work to strengthen the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

7,000 Oakland residents face starvation and homelessness – 67 percent are Black

February 22, 2010

The Alameda County Board of Supervisors proposes to cut General Assistance (GA) beginning April 1, 2010, to only three months of every year to thousands of unemployed workers living in poverty. Pack the press conference, rally and meeting of the Alameda County Board of Supervisors to protest these cuts on Tuesday, Feb. 23, 9 a.m., 1221 Oak St., Oakland.

Lennar’s trickle up ‘profits’

January 21, 2010

1) Lennar paid federal lobbyists $240,000 to win them a $320 million cash bailout characterized as a retroactive tax refund. 2) In the accounting for its fourth quarter report, announced on Jan. 7, 2010, Lennar used $284.9 million of the $320 million to offset its quarter losses. 3) Lennar then reported the remaining $35.6 million as profit, earned income. 4) Taxpayers, yet again, footed the bill.

Black businesses shorted on stimulus contracts

January 6, 2010

Since President Barack Obama signed his stimulus package into law in February, the U.S. Department of Transportation has handed out more than $150 million in contracts to companies for street, highway and bridge construction. New statistics released by the Transportation Equity Network (TEN) show that from that pot of money not a single dollar had been allocated to any African-American owned business.

State of the Dream 2009: The Silent Depression

January 15, 2009

The current economic crisis requires more than a color-blind stimulus. It demands a complete economic restructuring that addresses the racial wealth divide.

Cindy Sheehan’s progressive response to the financial crisis

November 3, 2008

I believe healthcare, housing and education are basic human rights, not privileges. Nancy Pelosi, my opponent, can come up with $850 billion when her buddies need it; now, my buddies, THE PEOPLE, need a bailout!

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