An American dream, deferred

by Michelle Chen on May 14 2009, 3:29PM

Homeownership has long been touted as the cornerstone of the American dream and a tool for narrowing the racial wealth gap. Has the foreclosure crisis extinguished that hope, or exposed the myths that drive it? The Pew Hispanic Center…

Topics: Economy, Immigration

“My Great Recession” - We Want Your Stories

by Julianne Hing on May 12 2009, 5:36PM

Calling all young POC writers, artists, bloggers! Where you at? I was always told that young people my age had it easy growing up in a time of unprecedented material wealth. “You don’t know how good you have it,”…

Topics: Economy, Race and Recession

Enriching poor kids

by Michelle Chen on May 6 2009, 4:38PM

It pays to start early when trying to set kids on the right path. Comprehensive preschool programs have been linked to better outcomes for children later in life, with lower rates of criminal justice involvement and higher earnings. Giving…

Topics: Economy, Schools & Youth

A law good enough to be hated

by Michelle Chen on April 30 2009, 3:50PM

Perhaps it’s just too easy to blame the financial crisis on Wall Street’s avarice and Washington’s deregulatory frenzy. Hence the right-wing punditry’s talent for ascribing just about any calamity to poor Black people. Since the early days of the…

Topics: Economy

Black Farmers Urge Obama to Keep Promises

by Guest Columnist on April 28 2009, 11:08AM

by Jessica Hoffmann Black farmers who’d hoped they might finally see justice under the Obama administration are disappointed—and they’re speaking up about it. Today in D.C., the National Black Farmers’ Association is rallying to protest a government-proposed cap on compensation…

Topics: Economy

Not too old to be abandoned

by Michelle Chen on April 21 2009, 3:53PM

Older youth in the child welfare system tend to stay out of the public spotlight. Some might say they’re actively ignored. For many of the roughly 26,000 youth who “age out” of foster care each year, an eighteenth birthday…

Topics: Economy

Legalize the Undocumented, Help Fix the Economy

by Guest Columnist on April 16 2009, 9:42AM

by Nezua, TMC MediaWire Blogger This is the immigration wire for the week of April 9-16, 2009, published by The Media Consortium. The dialogue on immigration has, historically, been contentious and cyclical. There are times when hysteria peaks, and rational…

Topics: Economy, Immigration

Who’s Really Behind The Tea Bag Protests

by Julianne Hing on April 15 2009, 4:45PM

via Imagine 2050 by Jill Garvey It’s no secret that conservatives have a hard time keeping racism out of their ranks (airwaves), and now it seems it has surfaced in even their grassroots (astro turf) movements. The whole tea…

Topics: Economy

Race & Recession: Median Earnings & Unemployment by Race

by Jorge Rivas on April 14 2009, 12:45PM

A special entry, part of the Race & Recession Compact Forum Call. The Numbers are grim during this recession for people of color. We have been feeling the impact of the downturn disproportionately because of the cumulative effects of structural…

Topics: Economy, The Compact

Tough Times Are Nothing New for Communities of Color

by Guest Columnist on April 14 2009, 11:00AM

by Jose Garcia (Editor’s Note: Jose, who is the Associate Director of Research and Policy at Demos, will be one of the featured speakers on today’s Compact Forum Call at 1pm PST/4pm EST. RSVP by clicking here.) via Demos The…

Topics: Economy, The Compact

President Obama’s Tax Proposals Could be Sharply Improved

by Jorge Rivas on April 11 2009, 12:06AM

United for a Fair Economy (UFE), a non-partisan organization working to reduce economic equality, has released a report that concludes that President Obama’s tax proposals could be sharply improved. “Safe, Fair and Sustainable: Do President Obama’s Tax Proposals Measure Up?”…

Topics: Economy

Changing the climate of social policy

by Michelle Chen on April 10 2009, 4:34PM

The Obama administration has reportedly been wavering its plan to combat climate change. According to the Washington Post, the other steaming national priorities heaped onto Obama’s plate could set back his more ambitious environmental goals. That could mean deciding…

Topics: Economy, Environment

Developing a new workforce

by Michelle Chen on April 7 2009, 5:36PM

The latest jobs report contains few surprises: economic contraction and swelling joblessness are expanding economic inequality. Jobs have been slashed across the board, but Blacks and Latinos are experiencing an especially large increase in their already-high unemployment rates. And…

Topics: Economy

Time to play fair

by Michelle Chen on March 31 2009, 9:13PM

Commerce Secretary Gary Locke uttered some bold words when he announced that the Obama administration would be focusing on promoting “fair trade.” In a Wall Street Journal interview, he argued for “minimum standards that other countries should abide by…

Topics: Economy, Global Affairs

Higher learning headed downward

by Michelle Chen on March 30 2009, 9:12PM

The fiscal crisis besieging state budgets is stretching America’s bootstrap mentality to a breaking point. Most states have slashed funds for higher education, including the community colleges and public universities that provide a critical avenue for low-income youth of…

Topics: Economy, Immigration, Schools & Youth

Dealing with Race and Dollars at Johnny Donuts

by Tammy Johnson on March 30 2009, 3:10PM

photo credit: Nemo Johnny Donuts is my neighborhood sweets spot. It’s a corner café, where a tight-knit Chinese family kicks off the day for Black, Latino and white nurses, bus drivers and middle-schoolers with a breakfast roll, juice or…

Topics: Economy

Do You Know People of Color Who Lived Through the Depression?

by on March 28 2009, 11:54AM

Is this like the Great Depression? The question fascinates news makers. The Times is running stories every week about life in the Depression, comparing California’s tent cities to shantytowns and asking questions about the job prospects for young people….

Topics: Economy

Payday Lenders Target Blacks and Latinos

by Daisy Hernandez on March 26 2009, 12:58PM

File this one under “things we suspected but didn’t have data to prove.” A study released today shows that payday lenders in California target Black and Latino neighborhoods and in the process drain $247 million from these communities. The Center…

Topics: Economy

Magic Johnson Pitches for Predator Jackson Hewitt [Video]

by Jorge Rivas on March 19 2009, 1:30PM

Magic Johnson is appearing in an advertising campaign throughout the 2009 tax season for Jackson Hewitt, the franchise tax preparer notorious for preying on low-income people. Kimberly S. Jones of the California Reinvestment Coalition has written a piece over…

Topics: Economy

What’s the New-Old?

by Adrienne Maree Brown on March 17 2009, 1:12PM

you know i often hear forrest gump in my head. “i may not be a smart man, but i know what love is.” this economic moment has been crystallizing that phrase to me. i’ve been thinking a lot about what…

Topics: Economy