Colorlines

Economy

A Bronx Tale: How Racism Created Poverty, and Still Perpetuates It

A Bronx Tale: How Racism Created Poverty, and Still Perpetuates It

by Kai Wright on December 16 2011, 10:20AM

The poverty in which millions of people of color live is not accidental. It’s the result of decades of political choices that first created ghettos and then left them prey to a growing industry that profits from their existence. The Bronx offers a uniquely clear example.

Topics: Dispatches, Economy

Nation’s Oldest Black-Owned Bookstore Takes on Amazon’s Price Check App

by Jorge Rivas on December 15 2011, 10:25AM

The grandaughter of the partners that opened the nation’s oldest independent African-American owned bookstore says a recent Amazon.com promotion took competition a little too far.

Topics: Economy, /NOW

What Congress Could Do on Jobs, While Hiding Behind Locked Doors

What Congress Could Do on Jobs, While Hiding Behind Locked Doors

by Shani O. Hilton on December 9 2011, 10:01AM

Several lawmakes literally hid from thousands who swarmed the Capitol this week to demand action on jobs. Here’s some of the actions they could have long ago taken.

Topics: Economy, Jobs Crisis

The White House's Flawed Attempt to Crack Down on Food Stamp 'Fraud'

The White House’s Flawed Attempt to Crack Down on Food Stamp ‘Fraud’

by on December 8 2011, 9:47AM

As the economic downturn continues, poor families of color are often forced to make tough choices. And it’s because they have little recourse.

Topics: Economy

Occupy Our Homes' Day of Action Sees Progress in Oakland, Seattle

Occupy Our Homes’ Day of Action Sees Progress in Oakland, Seattle

by Jorge Rivas on December 7 2011, 3:33PM

Several banks came to the negotiating table with home occupiers in West Oakland, Seattle and San Jose, according to protesters.

Topics: #Occupy, Economy

Thousands of Unemployed Workers Expected to Protest in D.C.

Thousands of Unemployed Workers Expected to Protest in D.C.

by Jorge Rivas on December 6 2011, 12:28PM

The action comes as Congress votes on extending unemployment benefits to 2.2 million unemployed workers.

Topics: #Occupy, Economy

Tired of Backing Biased Restaurants? Finally, a Zagat's for Racial Justice

Tired of Backing Biased Restaurants? Finally, a Zagat’s for Racial Justice

by Rinku Sen on December 1 2011, 9:59AM

Noticing that all the bussers in your favorite restaurant are Latino and all the waiters white? And that black people are nowhere to be found—unless you’re grabbing fast food? It’s not a coincidence. And now there’s a guide for

Topics: Economy, How We Eat, Movement

Ex Philly Schools Chief Takes Heat for Unemployment Bid

Ex Philly Schools Chief Takes Heat for Unemployment Bid

by Jorge Rivas on November 30 2011, 11:43AM

Former district employees say that Arlene Ackerman doesn’t deserve another dime from the city.

Topics: Economy

Got a Hustle to Pay Rent While Jobless? You're Part of a $1T Economy

Got a Hustle to Pay Rent While Jobless? You’re Part of a $1T Economy

by Yvonne Yen Liu on November 4 2011, 9:54AM

Neither the public nor private sector is doing much to create jobs, and those that are popping up aren’t very good ones. So a lot of folks are taking matters into their own hands.

Topics: Economy, Jobs Crisis

San Francsico Crowd Helps Black Woman Move Back Into Foreclosed Home

San Francsico Crowd Helps Black Woman Move Back Into Foreclosed Home

by Jorge Rivas on November 2 2011, 12:50PM

Sixty people gathered in San Francsico’s Bayview district to help Carolyn Gage moved back into her family’s home.

Topics: Economy

Big Bank Law Firm Mocks Foreclosed Homeowners on Halloween

Big Bank Law Firm Mocks Foreclosed Homeowners on Halloween

by Jorge Rivas on October 31 2011, 11:50AM

Employees for the New York-based law firm Steven J. Baum think it’s funny when families lose their homes.

Topics: Economy

300 Colorado Homeowners Close Their Accounts at Wells Fargo

300 Colorado Homeowners Close Their Accounts at Wells Fargo

by Jorge Rivas on October 25 2011, 2:41PM

On Tuesday, 300 members of the Colorado Progressive Coalition divested from the state’s largest bank.

Topics: #Occupy, Economy

Bishop Eddie Long Sued for Alleged Ponzi Scheme

Bishop Eddie Long Sued for Alleged Ponzi Scheme

by Jorge Rivas on October 24 2011, 12:04PM

The suit argues that the embattled bishop helped trick his parishioners out of over $1 million.

Topics: Economy

Occupy San Francisco Takes on Wells Fargo Headquarters

Occupy San Francisco Takes on Wells Fargo Headquarters

by Jorge Rivas on October 13 2011, 5:00PM

Protesters vow to “foreclose the banks.”

Topics: Economy

Sherri Shepherd to Herman Cain on The View: 'People Fall on Hard Times'

Sherri Shepherd to Herman Cain on The View: ‘People Fall on Hard Times’

by Jorge Rivas on October 12 2011, 10:47AM

The View’s Sherri Shepherd says Herman Cain needs to show some compassion.

Topics: Economy

Debate Night in the GOP: What's Their Plan for the Economy?

Debate Night in the GOP: What’s Their Plan for the Economy?

by Shani O. Hilton on October 12 2011, 9:25AM

The president’s jobs bill failed in the Senate yesterday, and then Republicans debated the economy—or, really, Herman Cain’s “9-9-9” plan and his love for Alan Greenspan.

Topics: Economy, Politics

5 of the Dumbest Things Said About the Occupy Wall Street Movement

5 of the Dumbest Things Said About the Occupy Wall Street Movement

by Jorge Rivas on October 11 2011, 11:28AM

It was a given that conservative pundits would fear-monger around the Occupy Wall Street Movement. But we’ve rounded up their most outlandish insults.

Topics: #Occupy, Economy

Black America Is Moving South--and to the 'Burbs. What's It Mean?

Black America Is Moving South—and to the ‘Burbs. What’s It Mean?

by John Sullivan on October 10 2011, 9:40AM

The 2010 Census revealed a decade of southern and suburban migration inside the black community. There are many reasons for the shift. But whatever the cause, it’s time we understand—and deal with—the consequences.

Topics: Economy

Six Cities Where Black People Are Living in a Depression

Six Cities Where Black People Are Living in a Depression

by Kai Wright on October 7 2011, 10:48AM

Black unemployment is at levels comparable to the Great Depression in six cities. But then again, black populations in dozens of cities were in acute recessions before the national crisis ever began. The actual numbers are striking.

Topics: Economy, Jobs Crisis, Kai Wright

Are Lawmakers Listening? The Consumer Watchdog Vote Will Tell

Are Lawmakers Listening? The Consumer Watchdog Vote Will Tell

by Kai Wright on October 6 2011, 3:20PM

There’s a quite specific way our representatives can show if they’re listening to the growing movement: get the consumer watchdog fully up and running. And there will be many, many fights to follow.

Topics: #Occupy, Economy, Kai Wright