Colorlines

Economy

Parsing the Details of Dodd’s Not-Independent Consumer Watchdog

by Kai Wright on March 15 2010, 2:23PM

Sen. Chris Dodd came out swinging today to defend his revamped proposal for fixing the financial regulatory system, and he’s won cautious support from some key reformers. Bailout watchdog Elizabeth Warren, who has been the most vocal Beltway advocate of…

Topics: Economy, Race and Recession

Senate Financial Reform Bill Leaves Communities at Lenders’ Mercy

by Kai Wright on March 15 2010, 8:52AM

Retiring Sen. Chris Dodd is rolling out his revised bill for reforming financial regulations today and the general consensus is… it’s a bust. Dodd broke off negotiations with Republicans on the Banking Committee last week, raising hopes that he’d craft…

Topics: Economy, Race and Recession

The Morning Browse: Big Stuff in Today’s News

by Kai Wright on March 15 2010, 6:00AM

President Obama discusses his blueprint for an updated Elementary and Secondary Education Act to overhaul No Child Left Behind. Clarence Thomas’ wife is holding her own Tea Party. The LA Times profiles an effort she launched in January to…

Topics: Economy, Media, Race and Recession, Schools & Youth

It’s Official: Women of Color Feel Impact of Racial Wealth Gap The Worst

by Julianne Hing on March 9 2010, 1:23PM

Click to enlarge. It always helps to have research to confirm what you already know about racial inequity in America. But occasionally, even when the news is not new, the findings turn out to be appallingly dire, shocking even…

Topics: Economy

Women on Cash Assistance Testify on The Hill to Change TANF Policies

by Seth Freed Wessler on February 26 2010, 4:12PM

In D.C. these days, it’s hard for anyone to yell loudly enough to get heard over the buzz of health care reform. But in the shadow of Obama’s healthcare summit yesterday, about a hundred congressional staffers, reporters and advocates piled…

Topics: Economy

The Stimulus and Disadvantaged Communities: Trickling Down or Slipping Away?

by Michelle Chen on February 24 2010, 10:02PM

One year on, how far does the stimulus money stretch? New data on the impact of American Recovery and Reinvestment Act spending in communities of color show that by and large, the money has trickled into well-worn grooves of privilege…

Topics: Economy, Politics

Blacks and Latinos Were Targeted with Subprime Mortgages, Keep Getting Shut Out of Recovery

by Julianne Hing on February 19 2010, 3:52PM

Today, President Obama announced a new plan to help five states fight through the ongoing impacts of the foreclosure crisis. I’m going to hold off on judging this new initiative, but the help has never been more urgent. Obama’s announcement…

Topics: Economy

ColorLines Investigation: Selling Food Stamps for Kid’s Shoes

by Daisy Hernandez on February 17 2010, 4:31AM

Eva has worked low-wage jobs in Hartford, Conn., since she was 16, and she managed over the years to support herself and her two daughters. But with the worst job crisis in a generation, even those low-wage jobs Eva once…

Topics: Economy

Selling Food Stamps for Kids' Shoes

Selling Food Stamps for Kids’ Shoes

by Seth Freed Wessler on February 16 2010, 12:00PM

Unable to find jobs, kicked off welfare, women in Connecticut are forced to sell food assistance to buy basic necessities.

Topics: Economy, Food Stamps

Montel Williams is the New Face of Predatory Lending

by Jorge Rivas on February 11 2010, 1:27PM

Since his partnership with that crazy psychic Sylvia Browne didn’t work out, Montell Williams now has a new venture with “payday loans” provider Money Mutual. According to Money Mutual: “When it comes to financial assistance Montel Williams understands that people…

Topics: Economy

Moving On Up and Hitting a Wall: Social Mobility in the U.S. and Europe

by Michelle Chen on February 10 2010, 8:28PM

America: land of opportunity… if you’re lucky enough to be born into one. The crumbling of the American Dream is in plain view across the country, especially in the urban centers and desolate ghost towns that have long been…

Topics: Economy, Global Affairs, Schools & Youth

Blacks and Latinos in Florida Hit Hard by Recession, Where’s The Recovery?

by Guest Columnist on February 10 2010, 9:09AM

By Joseph Phelan Like every picture is worth a thousand words, every truth has a cost and the numbers never lie. In this economic crisis unemployment is hitting Black and Latino communities hard. But it isn’t just the numbers that…

Topics: Economy, Race and Recession

Unions Waning, but Holding Edge on the Color Line

by Michelle Chen on February 4 2010, 12:53AM

The portion of the U.S. workforce that belongs to a union has fallen to historical lows. The latest data from the feds show that unionization dwindled to 12.3 percent in 2009 (about 15.3 million), basically the same as the…

Topics: Economy

State of the Union Places Entitlement Above Equity

by Michelle Chen on January 27 2010, 7:59PM

Wrapped up in tonight’s stream of glossy oratory was a familiar sense of entitlement. The State of the Union address emphasized rebuilding the middle class, supporting small businesses, boosting financial markets—in other words, soothing the anxieties of people who…

Topics: Economy, News Items, Politics

One in Four Black, Latino Workers Shut Out of Withered Job Market

by Michelle Chen on January 8 2010, 11:51PM

The new labor statistics released today show more of the same: official unemployment was about level. Some economists insist that we’re still on track for a steady recovery; left-leaning analysts like the Economic Policy Institute say the hole is much…

Topics: Economy, Schools & Youth

The Great Recession: What’s Race Got to Do with It?

by Guest Columnist on December 16 2009, 1:29PM

By Tram Nguyen Yesterday I had the wonderful opportunity to appear with Chris Rabb on the ARC/LinkTV collaboration for an upcoming show called ColorLines: Race and Economic Recovery. The dialogue we began there—as Chris and I tried to unpack the…

Topics: Economy, Race and Recession

Copenhagen and Us

by Rinku Sen on December 16 2009, 1:24PM

Originally published on The Huffington Post Negotiations have resumed in Copenhagen after a walkout by the African delegation on Monday. African governments were concerned with the lack of commitment by rich country governments to reducing their own emissions. This follows…

Topics: Economy, Environment, Global Affairs, News Items, Race and Recession

Obama Plans to “Shame” Banks, But Offers No Help for People Drowning In Their Mortgages

by Dom Apollon on December 9 2009, 3:36PM

Unsatisfied with all the foot dragging this country’s major mortgage lenders have been doing with its beleaguered home loan modification program, the Obama administration last week announced that it plans to begin “shaming” lenders who aren’t being responsive enough to…

Topics: Economy

Congressional Black Caucus Protests Obama’s Recovery Plan

by Leticia Miranda on December 3 2009, 2:47PM

It seems Obama’s relief and recovery plan isn’t fooling everyone in Washington. Yesterday, ten Congressional Black Caucus members, led by California Representative Maxine Waters, withheld their votes on a financial reform bill that would add new consumer protections, create…

Topics: Economy

The Food Stamp Belt: Race, Politics And Poverty in The South

by Guest Columnist on December 1 2009, 12:25PM

By Chris Kromm This post originally appeared on Facing South. The New York Times ran an eye-opening story this weekend about the 36 million people in this country who depend on food stamps: With food stamp use at record…

Topics: Economy, Race and Recession