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AP News, March 21, 2023, MacKenzie Scott Sets New ‘Open Call’ To Donate $250 Million Through her organization Yield Giving, Scott plans to make unrestricted $1 million donations to 250 nonprofits selected in the process, which she calls a “new pathway to support for organizations making positive change in their communities.” To apply, the nonprofits …

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The Seattle Times, March 20, 2023, Bank Turmoil Triggers Uncertainty In Seattle Housing Market As the full impact continues to unfold, economists and lenders have been monitoring the market to see how the bank collapses could shift interest rates, home prices and buyer demand. Likewise, home shoppers are trying to unravel the potential implication for …

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Reuters, March 21, 2023, Exclusive: First Republic Considers Downsizing If Capital Raise Fails -Sources First Republic is examining how it can sell parts of its business, including some of its loan book, in a bid to raise cash and cut costs, one of the sources said. A sale of loans to other parties, including private …

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Ideastream Public Media, March 20, 2023, High Eviction Areas In Cleveland Echo The City’s History Of Redlining A recent report on the use of the city’s relatively new right-to-counsel law is just the latest. It shows where evictions took place in Cleveland in 2022 and where residents took advantage of the free legal advice now …

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WVU Today, February 27, 2023, Gun Violence Spills Into New Neighborhoods As Gentrification Displaces Drug Crime, According To WVU Study “Gentrification increases levels of gun violence in neighbor blocks, even more so when the gentrified block itself has a history of drug crime. There’s an average increase of nearly nine shootings in the surrounding neighborhood, …

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NPR, March 21, 2023, 5 Ways The Banking Turmoil Could Affect You Will banks get more cautious about lending? This would mean less access to money for real estate development, business expansions, purchases of homes and cars. Experts at Goldman Sachs said that smaller banks in particular may tighten up, resulting in slower economic growth for the …

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NBC News, March 15, 2023, Racial Equity News Coverage Of Latinos Is Lacking, A New Study Finds The study analyzed peak news cycles related to racism and racial equity issues, including wealth, housing, and health in the U.S., following the onset of protests and protest anniversaries between May 1 and Sept. 30 in 2020, 2021, …

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Ap News, March 15, 2023, Justice Dept, SEC Probing Collapse Of Silicon Valley Bank The collapse of Silicon Valley Bank on Friday — the largest bank failure since the financial crisis of 2008 — and Signature Bank two days later have rattled markets as investors seek the safety of bonds amid renewed concerns about problems …

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Axios, March 16, 2023, Evictions Have Returned To — Or Exceeded — Pre-Pandemic Levels That’s according to data from the Eviction Lab — a Princeton University project aiming to fill an “information hole in the center of the evictions crisis” by collecting data from court filings and other sources, research specialist Jacob Haas told Axios.

The Washington Post, March 13, 2023, After SVB Collapse, Bank Stocks Slide Despite Government Intervention Wall Street pummeled the banking sector on Monday as fear and uncertainty following the abrupt closure of two tech-focused banks rippled through the financial system. Stock exchanges halted trading in several large regional banks after their rapid descent exceeded regulatory …

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American Banker, March 12, 2023, Regulators Shut Signature Bank, Pick Industry Veteran To Run Bridge Bank Regulators shut down Signature Bank in New York on Sunday amid fears of an industry liquidity crisis and tapped a veteran regional bank executive to run the bridge bank that will take its place. The shutdown of Signature by …

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Politico, March 13, 2023, Barney Frank Blames Crypto Panic For His Bank’s Collapse. Elizabeth Warren Blames Trump. Former Rep. Barney Frank and Sen. Elizabeth Warren — two key architects of the post-2008 system of Wall Street regulation — are at odds over what’s dragging down banks once again. Frank, who chaired the House Financial Services Committee in …

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The Washington Post, March 13, 2023, Retreat In Rodanthe At least a dozen more houses in Rodanthe remain in serious danger of falling into the ocean. Faced with shrinking options, numerous homeowners are scrambling to move their homes — at a cost of hundreds of thousands of dollars — further from the tides that seem …

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American Banker, March 8, 2023, Small Businesses Return To Traditional Credit Sources — With A New Twist About 40% of small businesses applied for loans, lines of credit or cash advances last year, up from 25% in 2021, according to a survey by the 12 regional Federal Reserve banks. At the same time, only 34% …

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The New York Times Magazine, March 9, 2023, Why Poverty Persists In America On the problem of poverty, though, there has been no real improvement — just a long stasis. As estimated by the federal government’s poverty line, 12.6% of the US population was poor in 1970; two decades later, it was 13.5%; in 2010, …

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