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
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
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