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Economics

Michael Bloomberg speaks at the Vernon Chapel American Methodist Episcopal Church in Tulsa, Okla.

Michael Bloomberg proposes multi-billion-dollar initiative to provide economic justice for black Americans

By News & Current Affairs

By Shant Shahrigian — Mike Bloomberg took to the site of historic race riots in Tulsa, Okla., on Martin Luther King Jr. Day weekend to propose sweeping plans to redress the economic legacy of generations of discrimination against African Americans. In an initiative similar to calls for reparations for slavery, the Democratic presidential candidate proposed $70 billion in investment in the country’s “100 most…

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President Reagan signs the Civil Liberties Act of 1988, which granted reparations to Japanese Americans

Another way to look at reparations

By Reparations

By Edna Whittier, The Roanoke Times — In 1988, President Reagan signed the Civil Liberties Act to compensate Japanese Americans who were in internment camps during World War II. Offering a formal apology it paid $20,000 to each surviving victim and their heirs. In 2004, the State of Virginia established the Brown v. Board of Education Scholarship fund setting aside $1 million (with another $1 million contributed by philanthropist John…

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A job fair in Washington DC in August. In April 2019, when the overall unemployment rate was 3.6%, the white unemployment rate was 3.1% while the black unemployment rate was 6.7%.

Hollow boom: why black Americans feel left out of US’s robust economy

By Commentaries/Opinions

Unemployment rate tells a different story about the economy when race is considered, even when job numbers are strong. By Lauren Aratani, The Guardian — What I’ve done for African Americans in two and a half years, no president has been able to do anything like it,” Donald Trump boasted in August, the latest in a series of statements in which he has claimed to be the best president for…

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Trump’s Trade War and the Emerging Corporatist-Fascist State

Trump’s Trade War and the Emerging Corporatist-Fascist State

By Commentaries/Opinions

By Anthony DiMaggio, Counter Punch — President Donald Trump’s fit over China speaks to the rise of neofascism in American politics, at a time when neither Congress nor the courts are showing any interest in rolling back presidential power. Trump’s unique brand of neofascism first emerged in the form of his attempt to crack down on journalistic critics for “treason,” and via the onset of his white ethno-nationalist, which he declared via…

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Alicia Barcena

Latin America – Caribbean GDP expected to decline: 0.5 percent in 2019 vs 0.9 percent 2018

By News & Current Affairs

Santiago, Chile – The Economic Commission for Latin America and the Caribbean (ECLAC) expects economic growth in the region to continue to decline, due to an international context of greater uncertainty and complexity, and weak performance by investment, exports, and consumption. This is the outlooks of the annual Economic Survey of Latin America and the Caribbean 2019, announced this week by Alicia Bárcena, Executive Secretary of the United Nations regional…

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