Why Black Banks Need Policy Support, Not Just Deposits

Next City, Friday, February 2, 2018
“I always start by raising the question as to whether or not the racial wealth gap can be closed by autonomous actions by black Americans,” says William “Sandy” Darity Jr., principal investigator for the National Asset Scorecard for Communities of Color project, based the Duke University Samuel... Read More »

A true picture of US black jobless figures

BBC News, Friday, February 2, 2018
"The decline has occurred in the unemployment rates for everyone," says William Darity, a public policy professor at Duke University. "That's the big problem I have using this as some kind of signal of an event to be celebrated." Read the full article here.

Running the Numbers on Black Unemployment

The Takeaway - WNYC Radio, Thursday, February 1, 2018
During the president’s State of the Union speech earlier this week, he proudly boasted about a successful economy and how his policies have reduced the black unemployment rate in particular. “Unemployment claims have hit a 45 year low and something I’m very proud of, African American... Read More »

Trump Hails U.S. Economy

The BBC, Thursday, February 1, 2018
The US economy was a focus of President Donald Trump's first State of the Union speech. The BBC's Fergus Nicoll reports from Cleveland, Ohio, and we get reaction to the speech from Darrick Hamilton, an economist at the New School University in New York. Also in the programme, Facebook is banning... Read More »

Report Sheds Grim Details on Black Women's Net Worth

Black Enterprise, Thursday, January 25, 2018
A recent report from the Samuel DuBois Cook Center on Social Equity shed another dim light on the current wealth inequality gap in America by highlighting the current state of black women’s net worth. Some sobering takeaways include: Single black women without a bachelor’s degree ages 20–39... Read More »

Could the wealth gap be closed by giving babies $50,000? Some economists think so

CBC: Radio-Canada, Wednesday, January 24, 2018
Some economists are advocating a bold way to counter the ever-growing U.S. wealth gap: curb it at birth. The proposal, called baby bonds, suggests giving every child born in America a lump-sum payment of up to $50,000; richer families would get less, as low as $500. The money would be managed by... Read More »

Make every child a trust fund baby

The News and Observer, Thursday, January 18, 2018
In 2015, more than half of American households had negative or zero savings. For households with incomes less than $40,000 per annum, 68 percent spent more than or the equivalent of their incomes. That proportion fell to 44 percent for households with incomes between $40,000 and $100,000, and... Read More »

Sips of History: Martin Luther King, Jr. & the Coca-Cola Company

Neat Pour, Monday, January 15, 2018
Allen and Austin gathered the town’s business brahmins for a meeting at the Piedmont Driving Club. Austin addressed the crowd, issuing a scathing ultimatum: support this gala or Coke is moving. “It is embarrassing for Coca-Cola to be located in a city that refuses to honor its Nobel Prize winner,”... Read More »

King’s remaining college classmates remember the young leader

The Atlanta Journal-Constitution, Monday, January 15, 2018
Many of King’s classmates embarked on groundbreaking careers themselves. Willie, for example, was the first African-American professor at Syracuse University, was appointed by President Jimmy Carter to the President’s Commission on Mental Health and is a professor emeritus at Harvard University.... Read More »

Instead of Work Requirements, Why Not a Jobs Guarantee?

The Atlantic, Sunday, January 14, 2018
The body of evidence suggests that another policy would do a much better job at making Medicaid a more robust all-purpose poverty program, a goal that CMS says it wants to accomplish: a jobs guarantee, perhaps accompanied by a basic income for enrollees. Scholars such as William Darity of Duke... Read More »