It’s time to try baby bonds.
On Our Radar
A curated collection of links to news, analysis, trends, ideas and views from elsewhere.
George Floyd’s death, countless other deaths from over-policing, and the whipping post in Georgetown remind all Americans how unequal treatment under the law isn’t a new trend by any means; it’s been around for centuries.
‘Systemic racism’ conveys the pervasiveness of racial oppression, but white supremacy goes further by indicating that there is a rigid nexus of power that protects and enforces it.
Music manager Daniel Carter started Buy Back the Block to fight gentrification and help South L.A. residents move from renting to buying as novel coronavirus and recession disproportionately affect Black neighborhoods.
The philanthropy’s new focus on programs that promote social justice will include a plan to provide book collections for 1,000 prisons.
The money will have “a tremendous impact” in black communities, said Bill Bynum, Hope’s C.E.O. “Pound for pound, no entity has a bigger impact” than a community lender, he said, pointing to a greater ability to lend to small businesses and aspiring homeowners.
Camargo said Black and brown-led nonprofits have trouble accessing capital because the predominantly white network of funders doesn’t want to take a risk on organizations led by people of color.
What she’s saying: “Renters who have lost their job or had their income reduced shouldn’t have to fear losing their homes in the middle of a pandemic. Housing is a human right and an absolute necessity to keep families safe during this crisis, and Congress must step in now to help keep people in their homes,” Warren told Vox.
For this issue, a look at Nikole Hannah-Jones’s argument that if black lives are to truly matter in America, the nation must finally pay its debts.
– FDIC changes to CRA on hold during Covid, economic volatility
– FDIC reviewing other rules for racial, economic impact
“There is a difference between saying that we believe in the inherent dignity, equality, and value of our black brothers and sisters and actually committing to it.”
“What we have to do is be creative about the way that we measure the benefit created by our charter, and what is the rational, intelligent, but not overly burdensome concomitant benefit we’d expect them to plow back into their communities,” Brooks said. “Rest assured, these charters will have some kind of financial inclusion expectation.”
The group alleges lenders in Chicago have invested more in a single white neighborhood than all the black neighborhoods combined
The incentive program promised to help underserved communities. Instead, its tax breaks have disproportionately benefited wealthy investors, a new study finds.
In our society, in other words, the fight for equal personhood can’t help but also be a struggle for economic justice. And what we see, past and present, is how that fight against the privileges and distinctions of race can also lay the foundations for a broader assault on the privileges and distinctions of class.