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An Empire State of Mind Has Shaped This Election—and Our Lives
by Imara Jones on November 1 2012, 9:57AM
The president is in the fight of his political life because he never broke the culture and economy of entitlement on Wall Street. Whomever wins Tuesday, writes Imara Jones, that’s the change we need most desperately.
Topics: 2012 Election, Economy, Politics, Second Term
Obama Skips GOP, Appoints Consumer Watchdog Cordray
by Jorge Rivas on January 4 2012, 1:14PM
The Consumer Financial Protection Bureau is the sole reform to come out of the financial crisis that aims to deal with that fact.
Elected Officials Run and Lock Doors as Jobless Storm Capitol
by Jorge Rivas on December 8 2011, 1:04PM
Jobless demonstrators have stormed Capitol Hill this week, but are seeing (and recording) doors shut in their faces by elected officials, who must vote on an extension of unemployment benefits this month.
It’s Time to Lift the Debt Burden Wall Street Loaded Onto Our Backs
by Kai Wright on July 21 2011, 9:30AM
Banks have spent tens of millions trying to protect a predatory financial industry from accountability. There could be no more essential fight than making sure they don’t get their money’s worth.
Topics: Economy, Fiscal Cliff, Kai Wright
Report: Payday Lenders Swarming Black and Latino Neighborhoods
by Rinku Sen on February 17 2011, 1:40PM
Midwestern black and Latino ‘hoods have three times the number of high-priced, quick loan shops as white ones.
Topics: Rinku Sen
Economic Inequality from Cradle to Grave
by Michelle Chen on May 24 2010, 9:27AM
What’s an acceptable level of social inequality? The loaded answer is obviously “none.” But it seems that few people realize what the socioeconomic gaps across racial and gender lines aren’t just about paychecks of different sizes. The damage lasts far…
Topics: Economy, Race and Recession
What’s at Stake in This Week’s Financial Reform Debate
by Kai Wright on April 26 2010, 9:10AM
The financial reform fight takes center stage on the Senate floor tonight, and likely all week. It is, of course, a dense, complicated and frankly boring bit of public policy. It’s also deeply consequential for communities of color everywhere. We’ll…
Topics: Economy
Regulators Who Ignored Banks’ Predatory Lending
by Kai Wright on April 16 2010, 2:27PM
Sen. Carl Levin spent the morning lashing into former banking regulators who were supposed to have prevented Washington Mutual’s spectacular 2008 failure, which was the largest-ever bank collapse. It’s now clear both the bank and federal regulators knew the subprime…
Topics: Economy
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