A curated collection of links to news, analysis, trends, ideas and views from elsewhere.
efinancialcareers, April 12, 2022, Women in banking: “Male bankers get all the top jobs” It’s frustrating. The nature of this industry is simply that there are fewer women at managing director level. I have had to fight to get to this position – there are many occasions where male colleagues who were more lazy than me …
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Bloomberg, April 14, 2022, Citi Began Deepening Its Russia Retreat Before Ukraine Invasion On Thursday, Citigroup revealed the result of their quiet work: The firm had trimmed exposure to Russia by $2 billion in the first three months of the year, including offloading $300 million worth of derivatives linked to the country. Unlike many of …
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USA Today, April 12, 2022, HUD unveils plan to help people with a criminal record find a place to live In a memo sent out to staff on Tuesday, HUD Secretary Marcia Fudge instructed the department to review programs and policies that may “pose barriers to housingfor persons with criminal histories or their families.” Fudge told …
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American Banker, April 12, 2022, States take different paths on small-business loan disclosures Small businesses in Virginia and Utah will soon get clearer disclosures about the money they borrow from merchant advance companies. But the disclosures will be lacking one number: the annual percentage rate they will pay for each loan. That won’t be the …
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Columbia Climate School, April 8, 2022, Heat Mapping New York City and Environmental Justice The New York City heat mapping project is part of a nationwide initiative. Williams’ team produced the heat map data shown in the map below using data collected by citizen scientists; Yoon is the principal investigator in the New York City …
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Essence, April 13, 2022, National Urban League Examines Racial Wealth Gap Due To Voter Suppression Through ‘State of Black America’ Conference To mark the release of their 2022 State of Black America® report, “Under Siege: The Plot to Destroy Democracy, on April 12 the National Urban League (NUL) convened the nation’s foremost political, media and …
The New York Times, April 14, 2022, A New Legal Tactic to Protect Workers’ Pay In a first, the Justice Department has brought a series of criminal cases against employers for colluding to suppress wages. The push started in December 2020, under the Trump administration, with an indictment accusing a staffing agency in the Dallas-Fort …
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The Washington Post, April 13, 2022, Environmental justice leaders fault White House’s race-neutral approach Soon after taking office, Biden followed through on part of that promise by creating the White House Environmental Justice Advisory Council to coordinate the Justice40 Initiative, which aims to deliver 40 percent of the benefits of federal climate-related investments to disadvantaged …
Forbes, March 31, 2022, One Year Later: A Conversation With SBA Administrator Isabella Casillas Guzman On Building A Better America For Small Business And Entrepreneurs As the economy continues to grow and the world continues to grapple with Covid, we continue to have conversations with Administrator Guzman about the state of US small business and …
Yahoo News, April 13, 2022, Imperiled by city planners, ignored by Congress, Black people fight for air that won’t kill them Bad air kills Black people. That’s what the federal government says. Black people, far more than their white counterparts, live not only in poorer and noisier conditions, but with higher levels of pollution, leading …
Politico, April 11, 2022, Biden’s new favorite to be Fed bank cop Former Treasury Department official Michael Barr has emerged as the frontrunner for the top job overseeing banks at the Federal Reserve, according to people familiar with the matter, after President Joe Biden’s last pick faced opposition from Sen. Joe Manchin (D-W.Va.). Barr, now …
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CNBC, April 11, 2022, Biden administration will give millions of student loan borrowers in default a fresh start — here’s what you need to know The U.S. Department of Education says it will move to pull millions of loan borrowers out of default and mark their accounts as current. The country’s outstanding education debt balance …
The Washington Post, April 12, 2022, Prices climbed 8.5% in March compared to last year amid growing fears of economic slowdown The White House and Federal Reserve have launched several initiatives to try and corral inflation, but the spike in prices on gasoline, food, and a range of other products continues to weigh on millions …
The Root, April 11, 2022, Biden Administration Appoints ‘Racial Equity Czar’ to Join HUD The Biden Administration has quietly tapped a ‘racial equity czar’ to work in the Department of Housing and Urban Development, charged with carrying out the agenda laid out in one of President Joe Biden’s first executive orders. Adjoa B. Asamoah is …
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CNN Business, April 11, 2022, Banks say they’re getting tough on coal, but they keep lending trillions to polluters The biggest lenders to coal, the study found, include Japan’s Mizuho Financial Group, Barclays, Citi, and JPMorgan Chase. All four banks are members of the UN Net Zero Banking Alliance and have committed to aligning their …
