-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

Chicago’s Sheriff Won’t Evict in Foreclosures

by Jonathan Adams on October 9 2008, 9:43AM

Since the federal government’s plan to rescue the country seems to ignore homeowners, at least one man, Cook County Sheriff Tom Dart, has decided he will start policing with his own kind of justice. Dart says that he will…

Topics: Economy

What About the Bottom?

by Donna Hernandez on October 6 2008, 11:27AM

Over the past few weeks, I’ve been aggressively paying attention to tnews about the US economy and attempting to figure out if it will wipe out the little bit of funds in my 401K. The fact that I have a…

Topics: Economy

Will the Failing Economy Advance Racial Justice?

by Guest Columnist on October 3 2008, 12:21PM

by Samantha Erskine I’m wondering how everyone else feels about the idea that our failing economy might advance racial justice. On November 4th, we will find out what America really cares about. On the one hand, we have a Black…

Topics: Economy

Bailouts and Blood Pressure

by Tammy Johnson on September 29 2008, 10:06AM

As a Black woman, I am well aware that one of the healthcare risks that I face is hypertension. So I try to stop, take a breath and say a prayer when confronted by life’s daily madness. But this…

Topics: Economy

Wall Street’s Woes a Depression for People of Color

by Guest Columnist on September 17 2008, 3:33PM

By Victor Goode While Wall Street reels from the chaos created by this latest economic crisis, little has been said in the main stream media about its effect on communities of color. Few people of color are worried about…

Topics: Economy

DMI Releases Survey on the Middle Class and Public Policy

by Jonathan Adams on August 29 2008, 8:21AM

Check out DMI Executive Director Andrea Batista Schlesinger’s reaction to the findings. The poll finds that middle-class “fearful families” are largely united on which public policies they want enacted by the President and Congress, but remain shockingly unfamiliar with…

Topics: Economy

Bronx Groups Want Voice in Community’s Redevelopment

by Jonathan Adams on June 26 2008, 8:11AM

Community organizations in the Bronx—the nation’s poorest county—are struggling against the city to make sure that they have a say in the redevelopment of the Kingsbridge Armory. The Kingsbridge Armory Redevelopment Alliance, a coalition of 19 community, church and labor…

Topics: Economy

Everything’s Better In the Military?

by Jonathan Adams on June 16 2008, 2:16PM

A new study by Jennifer Hickes Lundquist, a sociologist at the University of Massachusetts, compares race relations in the military and those in civilian society, and her results suggest that people of color are much more satisfied with their lives…

Topics: Economy

Idle Hands: Why The Candidates Must Focus On Young Americans

by Jeff Chang on June 11 2008, 3:09PM

Originally published on Zentronix This summer could be the worst ever for teens looking for work, according to experts. Less than one in three youths may find summer jobs. In recent years, the youth jobless rate has soared to record…

Topics: Economy

Tavern on the Green Settles Racial Discrimination Claim

by Jonathan Adams on June 3 2008, 10:58AM

Tavern on the Green, the famous New York restaurant, agreed to pay $2.2 million to settle a racial discrimination lawsuit. The commission said that the restaurant had “engaged in severe and pervasive” sexual and racial harassment of female, black…

Topics: Economy

TIGRA: Study Exposes Racial Dimension of Western Union’s Corporate Practices

by Jonathan Adams on May 23 2008, 11:02AM

Profiting from Black & Brown Dollars: The Racial Dimension of Western Union’s Corporate Practices Denver, CO - With the Western Union Shareholders’ meeting on May 23rd, 2008, the Transnational Institute for Grassroots Research and Action (TIGRA) will unveil new…

Topics: Economy

INTHEFRAY: Use Your Rebate to Stimulate Social Justice

by Jonathan Adams on May 19 2008, 1:09PM

Originally published at IntheFray. Stimulate Social Justice Ten ideas for putting your tax rebate check to good use. by Andrew Blackwell 1. Feed the grassroots. Send your money directly to the people who need it by using the online system…

Topics: Economy

Transnational Assembly Sets An Agenda

by Sonia Pena on May 14 2008, 12:21PM

by Sonia Peña This week, Racewire contributors will be blogging from the Transnational Assembly of Remitters and their Families, a global gathering of more than 200 people from more than 22 countries and 22 U.S. states being held in Mexico…

Topics: Economy

TIGRA Wins Reinvestment of Immigrants’ Remittances

by Jorge Rivas on May 7 2008, 9:56AM

Yesterday, Transnational Institute for Grassroots Research and Action (TIGRA) announced an agreement with Dallas-based money transfer company, Virtual Money Inc., that will lead to new standards for the industry. The agreement guarantees: (1) fair prices of at least 20% lower…

Topics: Economy

Welfare Reform is Like Soup

by on April 11 2008, 9:37AM

Imagine a dinner party for which I hire a caterer who I tell exactly what to cook, give my favorite soup recipe and stand over in the kitchen making sure that they prepare it exactly as I say. When…

Topics: Economy

Let’s Crunch the Numbers

by Donna Hernandez on March 18 2008, 1:22PM posted a story the other day on rebate checks from the IRS with a schedule to let everyone who files their taxes know when they’ll be receiving the $600 promised to individuals earning less than $75,000 a year. The…

Topics: Economy

You’re Not What You Spend

by Victor Corral on February 18 2008, 11:38AM

With a recession on everyone’s mind, there’s been talk of enacting certain “protectionist measures” to soften its blow on the economy. Responding to this scuttlebutt, W. Michael Cox and Richard Alm, two Federal Reserve economists, wrote an op-ed in the…

Topics: Economy

Immigrants’ ‘Fair Exchange’ With Banks Falls Short

by Megan Izen on January 9 2008, 2:32PM

With the primary presidential elections taking the top political news seat, immigration reform has been temporarily put on the back burner. But that doesn’t mean groups aren’t still fighting for the rights of millions of immigrants in the US. A…

Topics: Economy

Job Gap Series

by Guest Columnist on December 20 2007, 1:19AM

contributed by NWFCO Yesterday, NWFCO released the latest installment of our job gap series. This one focuses on racial inequities in wages. Hold on to your hat: it turns out that living wage jobs are hard to come by overall,…

Topics: Economy