News

Commentary: Reparations must include the costs of predatory lending

Winston-Salem Chronicle, Friday, June 14, 2019
In recent years, the spate of homicides linked to questionable uses of deadly weapons and/or force, have prompted many activist organizations to call for racial reparations. From Trayvon Martin’s death in Florida, to Michael Brown’s in Missouri, Eric Garner’s in New York, and many other deaths, a... Read More »

The economics of a job guarantee: Wage and employment effects

Salon, Thursday, June 13, 2019
Why, one might ask, is the idea of a federal job guarantee (JG) being revived now, when unemployment is at a 50-year low? This two-part series frames an answer in terms of three gaps that JG advocates see as persisting, even in today’s tight labor market: A hidden unemployment gap: ... Read More »

Newswire: Studies indicate reparations must include costs of predatory lending

Greene County Democrat, Wednesday, June 12, 2019
 In recent years, the spate of homicides linked to questionable uses of deadly weapons and/or force, have prompted many activist organizations to call for racial reparations. From Trayvon Martin’s death in Florida, to Michael Brown’s in Missouri, Eric Garner’s in New York and many other deaths... Read More »

INTERVIEW WITH WILLIAM “SANDY” DARITY JR.: INEQUALITY, RACE, STRATIFICATION, AND MORE

BBN Times, Tuesday, June 11, 2019
Douglas Clement interviews William "Sandy" Darity Jr. in The Region magazinefrom the Federal Reserve Bank of Minneapolis (June 3, 2019). As the subtitle reads: "His recent focus has been on reparations for African Americans, but his scholarship spans decades and ranges from imperialism to... Read More »

How racist housing contracts stole $4 billion dollars in wealth from Black families

The Grio, Tuesday, June 11, 2019
Black Chicagoans lost between $3 and $4 billion in wealth as a result of predatory housing contracts of the 1950s and 60s, according to a new report.  These reckless sales exploited Black Americans who sought to become homeowners after being left little to no other housing alternatives... Read More »

Economics in Brief: How Land Contracts Stole $4 Billion in Wealth from Black Chicagoans

Next City, Friday, June 7, 2019
Predatory Housing Contracts Stole $4 Billion in Wealth from Black Chicagoans In the post-World War II era, when redlining was rampant, one of the only ways for African Americans to purchase a home was through land sales contracts, in which a buyer would send payments directly to a homeowner (... Read More »

Reparations Must Include the Costs of Predatory Lending New University Studies Track High Costs of Discriminatory Housing

Los Angeles Sentinel , Friday, June 7, 2019
In recent years, the spate of homicides linked to questionable uses of deadly weapons and/or force, have prompted many activist organizations to call for racial reparations. From Trayvon Martin’s death in Florida, to Michael Brown’s in Missouri, Eric Garner’s in New York and many other deaths — a... Read More »

The plunder of black wealth in Chicago, captured in film

The Chicago Reporter, Thursday, June 6, 2019
In just two short  decades — while the post World War II housing boom created the wealth of the white middle class — blacks in Chicago were ripped off to the tune of $4 billion on land sale contracts, a common practice at the time that has been since outlawed but whose damage is still felt... Read More »

Report shows how mortgage firms stole black wealth in Chicago

Realty Biz News, Tuesday, June 4, 2019
Researchers from Duke University claim that African American homeowners in Chicago missed out on billions of dollars in wealth from 1950 to 1970, due to what it says were “racist real estate policies”. Throughout that 20-year period, African Americans living in Chicago bought 60,... Read More »

William “Sandy” Darity Jr. interview: “If you think something’s the right thing to do, then you pursue it.”

Federal Reserve Bank of Minneapolis, Monday, June 3, 2019
Reparations for African Americans are in the news these days as presidential candidates consider whether and how to support such initiatives. Pundits weigh in. Writers opine. Politicians test waters. The debate is far from new, obviously. Union General William Sherman promised 40 acres (and later,... Read More »

Pages