Colorlines

Economy

Kamala Harris: In CA. 50% of Foreclosures are Black and Latino and They're Only 30% of Homeowners

Kamala Harris: In CA. 50% of Foreclosures are Black and Latino and They’re Only 30% of Homeowners

by Jorge Rivas on February 29 2012, 10:53AM

The Obama for America campaign announced last week California Attorney General Kamala Harris is one of the national co-chairs for Barack Obama’s 2012 re-election effort.

Topics: Economy, /NOW

The Auto Bailout Saved Michigan--If You Don't Count Black Workers

The Auto Bailout Saved Michigan—If You Don’t Count Black Workers

by Shani O. Hilton on February 29 2012, 9:43AM

Mitt Romney and President Obama have slugged it out over the Detroit bailout. It’s clear at this point that the bailout revived the auto industry. But thus far, it’s not been enough to heal the most ailing part of Michigan’s economy: black employment.

Topics: Economy, Jobs Crisis

UVA Students Want You to Know Their Hunger Strike Fight is Real

UVA Students Want You to Know Their Hunger Strike Fight is Real

by Jorge Rivas on February 28 2012, 6:48PM

Strikers say the majority of workers at the university are mostly women and black.

Topics: Economy, /NOW

How Economists Tally Unemployment--and Its Affect on the Black Jobless Rate Infographic

How Economists Tally Unemployment—and Its Affect on the Black Jobless Rate

by Shani O. Hilton, Hatty Lee on February 23 2012, 9:55AM

January saw a remarkable three-point drop in black joblessness. Economists are skeptical it’s real. But why? Put on your data nerd hat, because we’ve got the explanation.

Topics: Economy, Jobs Crisis

It's Much Harder for Black and Latino Workers to Retire, Study Finds

It’s Much Harder for Black and Latino Workers to Retire, Study Finds

by Jorge Rivas on February 22 2012, 9:27AM

Elder poverty rates are twice as high among Blacks and Latinos compared to the U.S. population as a whole.

Topics: Economy, /NOW

The Street Corner Wisdom of Foreclosure Fraud: It Wasn't Me

The Street Corner Wisdom of Foreclosure Fraud: It Wasn’t Me

by Kai Wright on February 16 2012, 9:18AM

The San Francisco County assessor released an audit suggesting that many more demonstrable crimes were committed during the foreclosure bust than we once thought. That’s not a quirk. It’s rampant lawlessness. And it’s by design.

Topics: Economy, Kai Wright

House GOP's Jobless Image: Drugged Out, Lazy and in Need of a GED

House GOP’s Jobless Image: Drugged Out, Lazy and in Need of a GED

by on February 14 2012, 9:07AM

That’s the picture Republicans want in voters’ minds, too, as Congress prepares for yet another brutal round of jousting over unemployment benefits.

Topics: Economy, Jobs Crisis

Trader Joe’s Finally Agrees to Stand with Immokalee Farmworkers

by Jorge Rivas on February 10 2012, 4:13PM

Trader Joe’s and the Coalition of Immokalee Workers (CIW) announced Thursday that they have signed an agreement that formalizes the ways in which Trader Joe’s will work with the CIW and Florida tomato growers to support the CIW’s Fair Food Program.

Topics: Economy, /NOW

Housing Advocates Say Foreclosure Settlement is Too Little, Too Late

Housing Advocates Say Foreclosure Settlement is Too Little, Too Late

by Jorge Rivas on February 9 2012, 12:00PM

Advocates say today’s settlement does not do justice for the millions of homeowners who lost their homes or hold the banks fully accountable for their crimes.

Topics: Economy, /NOW

What Drove a Sudden, Steep Drop in Black Unemployment? Nobody Knows

What Drove a Sudden, Steep Drop in Black Unemployment? Nobody Knows

by Shani O. Hilton on February 9 2012, 9:40AM

Black unemployment dropped a whopping 3 percent in January, fueled by hiring of black men. Economists who’ve tracked black joblessness are waiting for the other shoe to drop—was it a statistical quirk, or is there a jobs renaissance afoot in black America?

Topics: Economy, Jobs Crisis

Bankruptcy Attorneys Report Major Jump in Student Loan Debtors

Bankruptcy Attorneys Report Major Jump in Student Loan Debtors

by Jorge Rivas on February 8 2012, 11:11AM

The United States faces a real possibility of another major economic threat on a par with the devastating home mortgage crisis, according to the survey.

Topics: Economy, /NOW

Latinos: Only Group Whose Employment Numbers Have Returned to Pre-Recession Levels

by Jorge Rivas on February 6 2012, 3:33PM

The LA Times is reporting that Latinos recovering more quickly from the recession than other demographic groups.

Topics: Economy, /NOW

Strong U.S. Job Growth Leads to Lowest Black Unemployment in Years

by Jorge Rivas on February 3 2012, 2:20PM

Latest jobs report sees biggest drops in black unemployment in years.

Topics: Economy, /NOW

Why Black Union Workers Matter In This Year's Super Bowl Showdown

Why Black Union Workers Matter In This Year’s Super Bowl Showdown

by Jamilah King on February 2 2012, 9:51AM

Indiana’s unionized workers have found an unexpectedly loud ally in the NFL’s players association.

Topics: Arts & Culture, Economy

What Would it Cost to Deport All Undocumented Immigrants? $285 Billion

by Jorge Rivas on January 30 2012, 2:09PM

Business Insider has gathered data from both ICE and third party reports and estimates a mass deportation campaign over five years would cost $285 billion.

Topics: Economy, Immigration, /NOW

How San Francisco Organizers Rewrote the Rules to Save Minimum Wage [Video] Play

How San Francisco Organizers Rewrote the Rules to Save Minimum Wage [Video]

by David Zlutnick on January 27 2012, 9:04AM

Thanks to an innovative multiracial organizing campaign, San Francisco’s minimum wage is the first in the nation to pass the $10/hr mark. Colorlines.com’ video team speaks with the organizers about how they did it and what’s next.

Topics: Economy

Obama's Big Shift: Let's Truly Investigate the Banking Sector's Crimes

Obama’s Big Shift: Let’s Truly Investigate the Banking Sector’s Crimes

by Kai Wright on January 25 2012, 10:21AM

President Obama said he’s eager to debate equal opportunity in last night’s State of the Union. But he also offered a huge policy change he’s avoided for four years: investigate the banks’ housing boom crimes.

Topics: Economy, /NOW

Strong Consumer Financial Protection Bureau Could Protect Latino and Black Borrowers

by Jorge Rivas on January 20 2012, 4:27PM

Discriminatory housing practices are one reason why our country needs a strong Consumer Financial Protection Bureau.

Topics: Economy, /NOW

There was Virtually No Change in Black Unemployment Rate in 2011

by Jorge Rivas on January 18 2012, 10:32AM

The black worker unemployment remained in the 15 to 16 percent range, while unemployment for the rest of the workforce dropped below 9 percent.

Topics: Economy, /NOW

What Percent Are You?

by Jorge Rivas on January 17 2012, 7:51PM

Enter your household income and see how you rank in 344 zones across the country.

Topics: Economy, /NOW