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 »

Economics in Brief: Amazon Launches Credit Card for the ‘Underbanked’

Next City, Friday, June 14, 2019
Amazon Launches New Credit Card for the ‘Underbanked’ Amazon is partnering with Synchrony Financial to launch a credit card for people with no or bad credit, Quartz (and multiple other outlets) reported. Pitched as a credit-builder for low-income Americans, the credit card is a “secured... 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 Scarlet E Unmasking America's Eviction Epidemic

WNYC Studios, Thursday, June 6, 2019
We have an eviction epidemic in this country. We’ve had one for a long time. And in this new four-part series from On the Media, host Brooke Gladstone will seek out the why and the wherefore — in search, ultimately, of a cure. Episode 1: “Why?” We hear the story of Jeffrey, a security guard... 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 »

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