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Tags: Current Focus, United States,
Hispanics and blacks counted housing equity as a much bigger part of their assets than whites. The recession and financial crisis of 2008 wiped out fully two thirds of the median net worth of Hispanic families and one half for Black families, with both groups having close to $6000 in total median net worth in 2010, according to data from Pew surveys.The recession has proved to be severe in its impact on minorities, and the election of a black president has done little to improve things- especially considering the dismal record of the Obama administration in helping prevent foreclosures.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Obama, Empathy and the Midterms
New York Times 09/25/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
Geithner Book Reveals Consensus, Not VIsion, During Financial Crisis
New York Times 05/21/2014
How the crisis is affecting black people. How the housing crisis has affected them, how the cities are doing for unemployment and underemployment. How the auto industry has affected black people.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
What would MLK say to President Obama? - The Washington Post
Washington Post 08/28/2011
New York Times 06/22/2013
Public-Sector Jobs Vanish, Hitting Blacks Hard
New York Times 05/24/2015
Starbucks Leads Multi-Company Initiative to Hire 100,000 Young, Minority Workers
Wall Street Journal 07/13/2015
From slavery to Ferguson, Ken Burns sees an unfinished Civil War - The Washington Post
Washington Post 09/09/2015
HUD Sec. Shaun Donovan calls the subprime lending a scourge for minorities, as foreclosures are hitting the minority neighborhoods the hardest. It may even widen the disparity in incomes between minorities and whites as the middle class black homeowners in places like New York State are losing ground.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
What would MLK say to President Obama? - The Washington Post
Washington Post 08/28/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
New York Times 05/19/2014
High unemployment and poverty in major urban areas of the US including Washington D.C. This is especially true for those without a college education.
Grouped Articles
New York Times 06/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
Wall Street Journal 10/11/2013
Patchwork of Local Wage Laws Fuels Debate Over Raising Federal Minimum
Wall Street Journal 12/01/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
China, India, Africa and places like New York city.
Grouped Articles
In Booming China, Protests by Poor Escalate
Wall Street Journal 12/21/2006
Globalization's Gains Come With a Price
Wall Street Journal 05/24/2007
Zoellick Defends Aid for Nations in ‘Middle’
New York Times 10/11/2007
Economist 10/11/2007
World Bank Report Puts Agriculture at Core of Antipoverty Effort
New York Times 10/20/2007
Education Push Yields Little for India’s Poor
New York Times 01/17/2008
Lack of any meaningful help to homeowners facing foreclosure upto the Lehman Fannie crisis, and the failure to provide any significant help to homeowners in the $700 billion Sept 2008 bailout plan targeted mostly at freeing up the credit markets.
Grouped Articles
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 10/02/2008
Rescue Includes Steps to Help Borrowers Keep Homes
Wall Street Journal 09/29/2008
Card Firms' Loss Tally: Billions of Dollars in Fees
Wall Street Journal 05/22/2009
Consumers Need a Credit Watchdog
BusinessWeek 07/15/2009
How the housing crisis is affecting Hispanics people. How the dowturn in construction affects them, and the changes in immigration and unemployment.
Grouped Articles
Job Growth for Hispanics Is Outpacing Other Groups
New York Times 03/08/2015
Wall Street Journal 05/02/2015
Starbucks Leads Multi-Company Initiative to Hire 100,000 Young, Minority Workers
Wall Street Journal 07/13/2015
Obama to Push Immigration Bill Despite the Risks
New York Times 04/09/2009
Justices Rule That States Can Press Bank Cases
New York Times 06/30/2009
Firm Stance on Illegal Immigrants Remains Policy
New York Times 08/04/2009
Grouped Articles
Blacks, Obama and the Election
New York Times 11/02/2014
Unrest Over Race Is Testing Obama’s Legacy
New York Times 12/08/2014
Proud of Obama’s Presidency, Blacks Are Sad to See Him Go
New York Times 03/12/2016
New York Times 12/05/2009
Obama, Empathy and the Midterms
New York Times 09/25/2010
The Education of President Obama
New York Times 10/12/2010
About 10% nationwide and 15% in the midwest of people who are at homeless shelters are there because of foreclosures according to social service agencies.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 10/11/2013
Wall Street Journal 12/31/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
New Data Muddle Debate on Economic Mobility
Wall Street Journal 01/24/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Grouped Articles
Wall Street Journal 10/11/2013
The Less Educated Take the Worst Hit
Wall Street Journal 06/06/2009
A Better Way to Measure Poverty
Wall Street Journal 10/19/2015
Hunger in U.S. at a 14-Year High
New York Times 11/17/2009
Utility Shutoffs Climb by 5% Despite Doubling of U.S. Aid
Wall Street Journal 12/18/2009
Living on Nothing but Food Stamps
New York Times 01/03/2010
The Obama administration foreclosure relief programs were designed for subprime lending situations and not for the high unemployment. As a result few unemployed homeowners have benefitted.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
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