Tag: Communities
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The Housing Crisis and Its Recession
The crisis or the housing bubble of the United States during 2008-09 affected us a LOT! It had severe consequences, including one of the serious economic recessions in history since the 1930’s, when the Great Depression hit, casting millions of Americans their jobs. The purpose of this blog is to discuss the economic causes of…
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A Brief Introduction to Colorism, Intersectionality and the Impact on Black Health
Almost 70% of African Americans in the United States report experiencing racial discrimination from time to time, or regularly. In addition to racial discrimination, Blacks are also subject to discrimination by skin tone, or colorism. Colorism is a form of discrimination based on skin tone, where lighter skinned blacks feel a sense of superiority toward…
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Young Adults Credit Trajectories Very Widely by Race and Ethnicity
Today’s young adults are the most racially and ethically diverse cohort in U.S. history, yet legacies of structural racism still shape their economic prospects. Young adults divergent credit trajectories underscore this trend. An Urban Institute analysis survey that draws upon millions of consumer records from a major credit bureau find young adults in a majority…
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Can Wealth-Building Programs Both Prevent Displacement and Narrow the Racial Wealth Gap?
Gentrification can bring economic investment to low-income neighborhoods, but not all residents experience the benefits of that investment equally,. Such neighborhood change often attracts new residents with higher incomes and displaces them with lower income earners, who tend to be renters and people of color. Because it can drive displacement, gentrification can exacerbate the racial…
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More Americans Own Their Own Homes, But Black-White Home Ownership Rate Gap is the Biggest
While the U.S. home ownership rate increased to 65.5% in 2021, the rate among African Americans lag significantly (44%), has only increased 0.4% in the last 10 years and s nearly 29 percentage points less than white Americans (72.7%), representing the largest black-white home ownership rate gap in a decade. Black home owners and renters…
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Inflation, Minimum Wage and Profits
There are two basic debates about inflation. One is mostly good faith (if highly contested): It concerns the actions of the Federal Reserve. Another is mostly bad faith: It uses the existence of elevated inflation as a cudgel against any progressive policy change and as a justification for long-standing ideological priorities. This is most visible…
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Social Issue of Poverty in America
The perception of poverty in America critically contributes to the deepening the social divide between the elite and the impoverished. In the past, the focus has been on how the individual encourages patterns of poverty without representing the country’s societal failings. It’s essential to analyze the history of political and economic frameworks to understand…
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Artificial Intelligence and the Future of Business
For many people, the concept of artificial intelligence (A.I.) is still something related to the area of science fiction and fantasy. However, this image seems to be closer to fading into obscurity with every passing day as AI becomes more common in people’s everyday lives. Granted, its widespread adoption in society is a fairly new…
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Most Americans Say Racial Bias is a Problem in the Workplace. Can AI Help?
Majorities of white, black, Hispanic and Asian Americans say racial and ethnic bias in hiring practices and performance evaluations is a problem. But they differ over how big of a problem is, according to a Pew Research Center survey of U.S. adults conducted in December 2022. Some 64% of Black adults described bias…
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Reducing Income Inequality
How Much?…The extreme income (and other) inequalities in the United States and the world are not inevitable. However, effects to address income inequality must confront ideologies justifying inequality as the natural outcome of individual differences in skills, talent, and effort, ignoring structural causes. Some analysts have suggested that the poorest deciles could receive a larger…