On Our Radar

Next City, March 16, 2021, It’s Been a Rough Year for Small Businesses, But Not as Rough as Feared Jessie Lee is managing director at Renaissance Economic Development Corporation, the small business lending arm of Asian Americans for Equality, a nonprofit founded in 1974 that serves 20,000 New Yorkers a year, speaking English, Korean, Spanish …

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The move by Jesuit priests is the largest such effort by the Roman Catholic Church and comes amid growing calls for reparations across the United States.

Bloomberg, March 15, 2021, Historically Redlined Neighborhoods Face Far Higher Flood Risks Flooding is a rising threat across the U.S., with homeowners facing as much as $19 billion in damages every year. What puts a neighborhood at high risk for flooding? Geography is key, but new data reveal another factor that can be determinative, too: race. …

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For many young people, returning to struggling communities means exchanging prosperity for a more rooted life.

Axios, March 10,2021, Goldman puts $10 billion behind fight to equalize “Black Womenomics” Goldman Sachs is embarking on a decade-long quest to inject $10 billion into projects that it says will impact one million Black women. Why it matters: It’s the biggest dedicated investment specifically to initiatives that target Black women by a major financial …

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Flawed assessments for America’s $500 billion in annual property taxes hit Black neighborhoods hardest.

Regional inequality has deepened across the country.

McKinsey & Company, February 17, 2021, America 2021: The opportunity to advance racial equity Repairing the frayed social fabric in the United States is one of the most pressing issues of our time. It’s not a new problem. But if we do not address the underlying issues preventing us from achieving equitable growth and inclusion, the …

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The American Prospect, March 4, 2021, The ‘Progressive Multiplier’: How Democrats Can Defeat Trumpism How can Democrats in Washington address the multiple crises facing our nation while also confronting an increasingly radical—and often explicitly anti-democratic—opposition party? Political strategists perhaps inevitably focus on how to change the hearts and minds of millions of devoted Trump supporters. …

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A proposal would withhold the funding unless the transit agency renames the McLean station to include “Capital One Hall.”

Anti-Black racism and energy insecurity go hand in hand in America

Child poverty requires a permanent fix.

American Banker, February 24, 2021, Fed’s Powell sees opportunity for joint CRA overhaul Federal Reserve Chair Jerome Powell said bank regulators are still aiming to write a joint rule reforming the Community Reinvestment Act, despite years of disagreements between the agencies on how to proceed. The Office of the Comptroller of the Currency finalized a …

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Time after time for decade after decade, arbitrary decisions favored White neighborhoods at the expense of Black neighborhoods in Durham.

Duckett is a leading voice among bankers in the need to close the wealth gap between white and Black Americans