Colorlines

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

1,000 Demonstrators Sit-in at Boston Bank of America Building

1,000 Demonstrators Sit-in at Boston Bank of America Building

by Jorge Rivas on October 4 2011, 9:45AM

Twenty-four people were arrested Friday for a sit-in demonstrations at a Boston Bank of America building.

Topics: Economy

Here's to Occupying Wall Street! (If Only That Were Actually Happening)

Here’s to Occupying Wall Street! (If Only That Were Actually Happening)

by Kai Wright on October 3 2011, 10:05AM

The Occupy Wall Street movement is building steam as protestors battle with NYPD over the right to peaceful assembly. That’s great, but the crisis at hand—crippling economic inequity—is once again lost in the din.

Topics: #Occupy, Economy, Kai Wright

Homeowners to Banks: Clean Up the Mess You Left in Our Neighborhood Photo

Homeowners to Banks: Clean Up the Mess You Left in Our Neighborhood

by Kai Wright, Sita Bhaumik on September 29 2011, 10:02AM

Amid all the deficit and campaign talk, it’s easy to forget the foreclosure crisis continues to destroy neighborhoods. Community organizers in East Oakland got fed up and delivered the dirty problem to its source.

Topics: #Occupy, Economy, Kai Wright

It's President Obama Who Needs to 'Stop Complaining' and Get to Work

It’s President Obama Who Needs to ‘Stop Complaining’ and Get to Work

by Kai Wright on September 28 2011, 11:51AM

Obama ruffled feathers with a speech telling black leaders to take off their “bedroom slippers” and join the battle for his jobs bill. Funny thing is, that’s just what they were trying to tell him.

Topics: Economy, Jobs Crisis, Kai Wright, Politics

Key Question of 2012: Do You Represent the People or the Banks?

Key Question of 2012: Do You Represent the People or the Banks?

by Kai Wright on September 20 2011, 10:43AM

The president vowed to make the rich “pay their fair share.” Let’s hope he’s serious. But either way, a new campaign launches today to make sure both parties must care as much about homeowners and workers as they do bankers in 2012.

Topics: Debt Deal, Economy, Kai Wright

Poverty Rate Hits New High As Racial Inequality Deepens Infographic

Poverty Rate Hits New High As Racial Inequality Deepens

by Stokely Baksh, Jamilah King on September 16 2011, 10:00AM

Meaningful political discourse has all but vanished. Here’s a look at the new reality for millions of struggling families in America.

Topics: Economy, Infographic

How Does the American Jobs Act Stand Up for People Of Color?

How Does the American Jobs Act Stand Up for People Of Color?

by Shani O. Hilton on September 9 2011, 3:24PM

While some have a lukewarm reaction to the president’s proposal, others say that elements of the plan could pay off for those who’ve been hardest hit by the bad economy.

Topics: Economy, Jobs Crisis

Compromise and Crisis Continue in Obama's Latest Jobs Plan

Compromise and Crisis Continue in Obama’s Latest Jobs Plan

by Shani O. Hilton on September 7 2011, 10:35AM

Tomorrow’s big jobs speech will feature more tax cuts than stimulus spending, and the GOP is still not into it. Sound familiar? That’s because it is.

Topics: Economy, Jobs Crisis