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On Our Radar

A curated collection of links to news, analysis, trends, ideas and views from elsewhere.

The Washington Post: Think you’re the one to beat the crypto crash? Think again.

The Washington Post, May 23, 2022, Opinion: Think you’re the one to beat the crypto crash? Think again. When TerraUSD, a stablecoin — that is, a cryptocurrency that is supposed to be pegged to the dollar or another asset — lost almost all its value this month, it happened so fast that many investors lost

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American Banker: Brown calls on Wells Fargo to end discriminatory practices ‘once and for all’

American Banker, May 31, 2022, Brown calls on Wells Fargo to end discriminatory practices ‘once and for all’ In a letter to President and CEO Charlie Scharf, Sen. Sherrod Brown of Ohio called on the executive to “once and for all address Wells Fargo’s governance, risk management, and hiring practices — weaknesses that have plagued

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The New York Times: Biden and Fed chair Powell are set to meet as inflation dogs the global economy

The New York Times, May 31, 2022, Biden and Fed chair Powell are set to meet as inflation dogs the global economy President Biden will meet with Jerome H. Powell, the Federal Reserve chair, at the White House on Tuesday to discuss the state of the U.S. and global economy at a challenging moment. Inflation

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The Hill: House Democrats to move slate of gun bills this week

The Hill, May 31, 2022, House Democrats to move slate of gun bills this week House Democrats are wasting no time taking up gun violence legislation following last week’s school massacre in Texas, scheduling a special session of the House Judiciary Committee on Thursday to send a slate of tougher firearms rules to the chamber

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ABC 7News: Scammers are targeting veterans & their family. Here’s what you need to know

ABC 7News, May 26, 2022, Scammers are targeting veterans & their family. Here’s what you need to know The U.S. Consumer Financial Protection Bureau reported that scammers will call or use mailers. Some claim to be with the Department of Veterans Affairs and will even spoof the phone numbers to make their calls look legitimate. Others

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Politico: ‘Recession warning’: Sales of new homes plunge in April

Politico, May 24, 2022, ‘Recession warning’: Sales of new homes plunge in April Sales of new single-family homes plummeted in April as rising mortgage interest rates and skyrocketing house prices took a toll on the market. New-home sales fell 16.6 percent last month from the revised March figures, according to Census Bureau data released Tuesday.

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The New York Times: Gen Zers Are Buying Homes. Here’s Where They’re Looking.

The New York Times, May 26, 2022, Gen Zers Are Buying Homes. Here’s Where They’re Looking. Rising mortgage rates and steep home prices have been particularly challenging for first-time buyers, especially young adults earning their first paychecks. Many are looking outside expensive metro areas to find more affordable homes in midsize cities, new research shows.

The New York Times: Gen Zers Are Buying Homes. Here’s Where They’re Looking. Read More »

Reuters: Biden to issue police order on George Floyd death anniversary

Reuters, May 25, 20222, Biden to issue police order on George Floyd death anniversary U.S. President Joe Biden will issue a broad executive order on Wednesday to reform federal and local policing on the second anniversary of the death of George Floyd, senior administration officials said. The order will direct all federal agencies to revise

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CNN: Black buyers are getting squeezed out of the hot housing market

CNN, May 23, 2022, Black buyers are getting squeezed out of the hot housing market The market is pricing out first-time homebuyers of all backgrounds, but Black buyers face even bigger barriers. Black applicants were denied home loans at a much higher rate than other groups, according to a Zillow analysis of data from the

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NPR: Buffalo plagued by economic neglect, segregation long before shooting, residents say

NPR, May 23, 2022, Buffalo plagued by economic neglect, segregation long before shooting, residents say Buffalo is one of the most economically stunted cities in the nation. It is also one of the most segregated. A 2018 study from Buffalo’s Partnership for the Public Good described a wide, and growing, racial and socioeconomic chasm within

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The Guardian: Baby formula shortage highlights inequality in US maternal support

The Guardian, May 24, 2022, Baby formula shortage highlights inequality in US maternal support A little less than three-quarters of Black American and 76% of Native American and Alaska Native mothers initiate breastfeeding – rates lower than the national average. The reasons are complex, ranging from a lack of support from the beginning of a

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American Banker: 5 states blazing new trails in financial services policy

American Banker, May 18, 2022, 5 states blazing new trails in financial services policy As Congress remains stalled on a wide range of issues, from cannabis banking to overdraft fees, some of the action has shifted to the states, where legislative dominance by one political party often makes it easier to enact change. In some

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The Wall Street Journal: Small Businesses Lose Confidence in U.S. Economy

The Wall Street Journal, May 22, 2022, Small Businesses Lose Confidence in U.S. Economy Small businesses are flashing warning signs on the U.S. economy as inflation, supply-chain snarls, a shortage of workers and rising interest rates darken the outlook for entrepreneurs. Fifty-seven percent of small-business owners expect economic conditions in the U.S. to worsen in

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Bloomberg: Black Caucus Ups Pressure on Biden to Cancel Student Debt

Bloomberg, May 20, 2022, Black Caucus Ups Pressure on Biden to Cancel Student Debt “This is a crisis created through policy decisions, and we have a responsibility to address it head-on,” Black Caucus Chair Joyce Beatty said in a statement Friday. “Canceling student loan debt is one of the most impactful ways to address ongoing

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