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VideoUse the Race Lens to Scrutinize Financial Products
by Jorge Rivas on March 16 2009, 12:37PM
by Jose Garcia, via Open Left Democratic lawmakers in Congress last week introduced legislation to create a Financial Product Safety Commission to ensure that mortgages, credit cards and retirement accounts do not pose unacceptable risks to consumers. Such a move…
Topics: Economy
Taking the lending industry to court
by Michelle Chen on March 13 2009, 8:20PM
The NAACP has taken on lending industry behemoths in two class-action lawsuits against Wells Fargo and HSBC. The complaints, brought on behalf of Black Americans who have been victims of discriminatory lending, target: numerous mortgage lenders who are engaged…
Topics: Economy
Refocusing the lens on AAPI communities
by Michelle Chen on March 10 2009, 3:30PM
Waves of job cuts and foreclosures make it clear that not all boats rise or sink together, even when weathering the same storm. The Economic Policy Institute has analyzed the ups and downs of one group famous for striving toward…
Topics: Economy, Immigration
by Michelle Chen on March 9 2009, 6:25PM
As the banking system takes a nosedive, credit card companies are looking to cut their losses. And consumers—particularly low-income people and people of color—are being hit with a variety of creative methods. James Surowiecki at the New Yorker observes some…
Topics: Economy
Calif. Transportation Dept. to Reinstate Race-Conscious Contract Goals
by Jorge Rivas on March 9 2009, 1:10PM
via Keith Kamisugi @ Equal Justice Society The Coalition for Economic Equity (CEE) on Friday announced that after a nearly three-year hiatus, the California Department of Transportation (Caltrans) is poised to reinstate race-conscious goals for federally funded transportation contracts in…
Topics: Economy
Shifting the landscape of segregation
by Michelle Chen on March 6 2009, 5:42PM
Many of us grew up in cities where racial segregation was embedded in the landscape. A study by the Urban Institute traces how this came to be the status quo in American communities, and the way race relations, government policies,…
Topics: Economy
Race matters in New York’s budget crisis
by Michelle Chen on March 6 2009, 5:10AM
New York’s budget crisis is hitting the entire state with major cutbacks, and a public interest advocacy group has detailed who will be hurt the most under Governor David Paterson’s budget proposal. Not surprisingly, in many areas, the budget is…
Topics: Economy
Investment Opportunity!: Countrywide Alumni Profiting from Economic Crisis Now Seek Investors
by Dom Apollon on March 4 2009, 6:37AM
The New York Times is reporting today that alumni from Countrywide Financial — one of the chief culprits of the greed-fueled subprime mortgage debacle that largely sparked our current global economic crisis — are now profiting from the purchase of…
Topics: Economy
Listen to today’s Compact for Racial Justice Forum Call - Race & Jobs
by Jorge Rivas on February 17 2009, 2:04PM
If you missed today’s Racial Justice Forum call on “Race and Jobs” you can download a recording. You can download an MP3 or stream the recording below. Download MP3 (6.4MB) A special thank you to today’s participants. You can find…
Topics: Economy
Check the Color Line - Income Report
by Jorge Rivas on February 17 2009, 12:55PM
If you have questions during the Compact for Racial Justice Phone Forum please submit your questions to compact@arc.org…
Topics: Economy
Racial Income Gap Chronic Problem Even Before the Meltdown
by Jorge Rivas on February 17 2009, 11:37AM
The Applied Research Center has released its study, “Check the Color Line - Income Report” in conjunction with the Center for the Study of Social Policy. The report presents alarming data on persistent racial and ethnic income disparities at…
Topics: Economy
The Opportunities of Our Economic Crisis
by Guest Columnist on February 17 2009, 11:37AM
by Steven Pitts Center for Labor Research and Education Institute for Research on Labor and Employment http://laborcenter.berkeley.edu Congress just passed the much needed stimulus plan. It was very much an imperfect plan: too many tax cuts, too small as an…
Topics: Economy
RSVP to call into the Compact for Racial Justice Forums
by Jorge Rivas on February 13 2009, 10:01AM
With nearly 600,000 US jobs lost in January, the Applied Research Center has to ask the question: Is Obama’s job’s agenda racial justice ready? The principles for racial justice must be front and center if this new economy is…
Topics: Economy
Government jobs, and jobs with justice
by Michelle Chen on February 11 2009, 1:53PM
The pushback against the job-creation initiatives in the stimulus drips with the right’s enduring faith in the private sector. Why should the government be in the business of creating jobs, say Michael Steele and other private-sector cheerleaders. For a more…
Topics: Economy
Children of the foreclosure crisis
by Michelle Chen on February 9 2009, 6:41PM
Will the wave of foreclosures now engulfing the country create a new homelessness crisis? The youngest victims are emerging: the children whose families and educational futures are suddenly uprooted as the housing market spirals into free-fall. Though comprehensive school enrollment…
Topics: Economy, Schools & Youth
New York food workers challenge unsavory labor practices
by Michelle Chen on February 6 2009, 2:25PM
New York City is known for its diverse cuisine, but few recognize that the food business is driven by an equally diverse workforce—one wracked by extreme hardship for workers who cook, bake and clean in the back of the…
Topics: Economy
by Guest Columnist on February 4 2009, 11:59AM
By Francis Calpotura, Founder & Director, Transnational Institute for Grassroots Research and Action (TIGRA) Recently, we’ve seen a few articles about the impact of the economic crisis on the amount of money that our families send back home. It…
Topics: Economy
Compact for Racial Justice Forums
by Jorge Rivas on February 3 2009, 4:02PM
If you missed today’s Racial Justice Forum call on “Race and the Economy” you can download a recording. You can download an MP3 or stream the recording below. Download MP3 (9MB) A special thank you to today’s participants. Below you…
Topics: Economy
Call into the Compact for Racial Justice Forums
by Jorge Rivas on February 2 2009, 1:04PM
The Applied Research is hosting a bi-weekly series of conference calls. Justice advocates on the Compact Forum calls will track the first 100 days of the Obama administration and shape plans to influence policy affecting racial justice.
Topics: Economy, The Compact
by Michelle Chen on January 29 2009, 1:27PM
The first piece of legislation President Obama signed into law helps inch forward the struggle for economic equity. The Lilly Ledbetter Fair Pay Act won’t undo historically entrenched income gaps, but it will expand the timetable for workers to sue…
Topics: Economy
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