Colorlines

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

Who’s Hurting Now?

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

The color of a fair paycheck

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

An ugly portrait

by Michelle Chen on January 29 2009, 12:41PM

Sometimes cold statistics can make disturbing truths more real. A new report, “A Portrait of Mississippi,” underscores racial disparities that, while not surprising, have seldom been so intricately documented until now.’ The study is an offshoot of Measure of America…

Topics: Economy, Health

The Real Scoop on Remittances During the Recession

by Guest Columnist on January 29 2009, 9:30AM

By Francis Calpotura Founder & Director, Transnational Institute for Grassroots Research and Action (TIGRA) WHO IS HURTING WITH THE DOWNTURN? There’s been many articles recently about the impact of the economic crisis on the amount of money that our families…

Topics: Economy

Moratorium Now!

by on January 27 2009, 10:49AM

As an organizer with Moratorium Now, a coalition to stop foreclosures in Michigan, Sandra Hines, a 55-year–old Black woman, is waging a battle so that nobody else will face what she has. “What I’m doing is fighting back,” she said….

Topics: Economy

Race and Recession-Traval Log 1

by on January 21 2009, 4:30PM

Race and Recession have everything to do with each other. For the next few weeks I’ll be posting from the road with stories about race and the recession. From the Pacific Northwest to the rust belt, Central Texas to Southern…

Topics: Economy

The Recession is Official… Sorta

by Guest Columnist on December 11 2008, 2:24PM

It’s Official…Sorta By Amaad Rivera, United for a Fair Economy For the first time in nearly a year, despite the obvious deteriorating economic situation for the majority of people in this country, we have received confirmation that we are…

Topics: Economy

Romney: Don’t Bailout Detroit

by Megan Izen on November 19 2008, 8:10AM

I’m not going to pretend that I have a full understanding of the bailout plan the auto industry requested from Congress yesterday. I haven’t read enough yet. That said, I was disturbed by Mitt Romney’s Op Ed in the…

Topics: Economy

-2 trillion – 1 trillion = No Santa Claus This Year

by Victor Corral on October 10 2008, 1:07PM

This week, it was reported that in the past 15 months, the current financial crisis caused Americans to lose $2 trillion in their retirement plans. While there is a definite need to worry, we have to remember that markets recover…

Topics: Economy