Black Economics
VP Kamala Harris made a historic move Thursday, directly reaching out to Black male voters. She was interviewed by media personality Charlamagne tha God and “The Breakfast Club” in Detroit on October 16th. She also released a set of focused economic policies aimed at Black men which is available on the campaign website. Up until now, … Read more
Harris’s economic plan is missing one big thing: boldness. She is missing a chance to shape the US national economic discussion for years to come. The plan: “A New Way Forward for the Middle Class,” lists over forty ideas for supporting home ownership, small business, taxes, and reducing inflation. She would also expand Biden’s policies … Read more
by CHRIS LEE The Harris campaign released a detailed economic plan on September 29 which addresses inflation, housing affordability, child tax credits, and taxes. The plan offers new ideas to support small businesses and key industries like AI, but a large part of the plan is expanding current Biden/Harris policies like increasing taxes on the … Read more
Top Stories *Supporting Our Own: Why We Must Shop Black-Owned This Holiday Season (Black Star News)- With efforts to shop Black- owned businesses the foundation of generational wealth in the community can strengthen. *Black and Brown Women Get Serious Roles in Business and Boardrooms (The Washington Informer)- The ‘C-Suite’ tour by Stephanie Tavares- Rance was … Read more
by CHRIS LEE, Opinion/Editorial The Harris campaign released a detailed economic plan on September 29, with proposals on inflation, housing affordability, child tax credits, and taxes. The plan offers new ideas to support small businesses and key industries like AI, but a large part of the plan is expanding current Biden/Harris policies like increasing taxes … Read more
Black workers are squeezed at the bottom and limited at the top This post was exported to BlackEconomics.com on November 19th 2024 Summary When I grew up, I heard of the Sacred Seven: seven occupations where Black people could do well during Jim Crow segregation. The seven are: Doctor, Dentist, Lawyer, Preacher, Teacher, Mortician … Read more
This boring graph may be the most important graph in Black Economics. Let me explain. Homeownership is the single best way in the United States of building wealth. Second is retirement savings. And both are subsidized by the the government. Homeownership is key to wealth building especially for Black people. If you take a step … Read more
The nation’s largest credit union rejected more than half its Black conventional mortgage applicants (CNN). CNN broke a great story about discriminatory mortgage lending practices against Blacks by the Navy Federal Credit Union(NCFU). Many major US banks have long been accused of mortgage discrimination but Navy Federal made headlines with the high denial rate of … Read more
Top Stories Better than Economics… African American Business 33 Black-Owned Businesses To Shop This Holiday Season (Real Simple) Black Americans need better immigration policy (Post and Courier) – By Andre Barnes who is the HBCU Engagement Director for NumbersUSA. So this is an interesting read with lots of background. NumbersUSA is a conservative organization that … Read more
Economic Roundup for December There were a lot of important economic stories over the past month. Inflation continued to drop. Unemployment stayed low. The Federal Reserve kept interest rates steady. The stock market rebounded. And consumers, who have never been better off, complained about the economy and took it out on Biden. But the biggest … Read more