More than half of the world’s banks are already in a weak position before any downturn that may be coming, according to a report from consultancy McKinsey & Co.
Bloomberg: Banks Must Act Now or Risk Becoming a ‘Footnote’: McKinsey Read More »
New polling suggests that Trump’s base is totally unified behind the president, no matter what investigations might reveal.
The Atlantic: Nothing Will Persuade White Evangelicals to Support Impeachment Read More »
Author Anand Giridharadas is rebuking the idea that philanthropic billionaires are society’s heroes. Even some plutocrats are starting to agree with him.
Fast Company: This Man is Disrupting the Cult of the Billionaire Read More »
Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.
American Banker: ‘Absolute scam’: Complaints About Credit Monitoring Plans Flood CFPB Read More »
Five luminaries explain the concept of ‘environmental justice’ and reveal why, alongside the climate crisis, it is one of the most pressing issues of our time
Some Bay Area activists are taking their wealth and are spending it on housing — for others. Rebelling against real estate speculation, they are building homes that will be kept affordable in perpetuity.
Cities with more Black residents rely more on “policing for profit”—using traffic tickets and fines as a larger source of revenue.
CityLab: The Link Between Race and Traffic Tickets Read More »
The historian and sociologist W.E.B. DuBois believed that social science data should be evocative.
Dignity and Debt: Student Debt and Racial Disparities Read More »
While expensive development throughout Brooklyn has led to displacement of Black and Hispanic residents over the past couple of decades, according to a report earlier this year from the National Community Reinvestment Coalition, Dumbo itself was mostly an industrial neighborhood, where old warehouses and factories were transformed into pricey lofts.
A federal program to encourage black homeownership in the 1970s ended in a flood of foreclosures.
The New York Times: When The Dream Of Owning A Home Became A Nightmare Read More »
The gap between the richest and the poorest U.S. households is now the largest it’s been in the past 50 years — despite the median U.S. income hitting a new record in 2018, according to new data from the U.S. Census Bureau.
NPR: US Income Inequality Worsens, Widening to a New Gap Read More »
The asset-light consumer’s behavior remains largely untested in a downturn—a rising risk—that could hold nasty surprises.
The Wall Street Journal: The Rental Economy is at Risk in a Downturn Read More »
D.C. Mayor Muriel E. Bowser’s plan to push affordable housing into affluent neighborhoods drew applause but also sparked warnings that it would face opposition from communities that have long resisted subsidized housing.
The Commerce Department is developing a methodology for compiling and publishing regular statistics on inequality and plans to publish its prototype measures in 2020.
The Hill: Commerce Department To Develop Stats On Income Inequality Read More »
If you tally all of the Nobel Prizes in the sciences in history, awards have been given to only 21 women, or 3% of the 700 laureates.
PBS: Why The 2019 Nobel Prizes In STEM Struggled With Diversity Read More »
