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Economy Archives - Institute of the Black World 21st Century

Commentary, Articles and Essays by Dr. Julianne Malveaux

Billions for Boeing, Pennies for the People

By Dr. Julianne Malveaux

By Dr. Julianne Malveaux — The development of the $2.2 trillion stimulus package was extremely flawed. The Republican bullies in the Senate, led by Majority Leader Mitch McConnell, wrote the bill with absolutely no Democratic input, then suggested that Democrats amend their legislation. The first draft of the bill, unsurprisingly, was a goody grab for corporations with much less for individuals. Initially, the Republican Senate would have given Treasury Secretary…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

Will the Coronavirus Hit Black Folks Harder?

By COVID-19 (Coronavirus), Dr. Julianne Malveaux

Dr. Julianne Malveaux — Restaurants, museums, libraries, gyms, and bars are closed.  So are schools, from K-12 to higher education. Classes will be conducted online or not at all.  A local vendor told me her receipts were down by 85 percent, and she hopes not to close before the “national emergency” is over. Our streets are deserted, with some cities asking people to “self-quarantine”, or in the words of several…

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Donald Trump and Mitch McConnell

Will Trump and Mitch Really Show Workers and the Poor the COVID Money?

By Commentaries/Opinions, COVID-19 (Coronavirus)

By Earl Ofari Hutchinson — At a news conference, Trump went on record saying, “that would be OK with me.” What is “OK” with him is that the one to two trillion dollars in COVID-19 combat stimulus dollars won’t simply fatten the pockets of the banks and big business. He made the promise for a reason. The moment Trump and Senate Majority Leader Mitch McConnell said they’d fast track the…

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Karen Bass

CBC Holds Telephone Town Hall to Address Stimulus Packages

By COVID-19 (Coronavirus), News & Current Affairs

By Stacy M. Brown, NNPA — Congressional Black Caucus (CBC) Chair Rep. Karen Bass (D-Calif.) held an emergency telephone town hall on Friday, March 20, to discuss the coronavirus and its impact on the Black Community. The discussion also included the coronavirus’ impact on the prison population and the homeless. “Even though we’re in a crisis, we can’t lose momentum,” Bass stated in kicking off the one-hour discussion. Led by…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

Corona Confusion and March Madness

By COVID-19 (Coronavirus), Dr. Julianne Malveaux

By Julianne Malveaux — Basketball fans were looking forward to March Madness, those weeks when the best college teams face off against each other. Madness is replete this March, but it isn’t on the basketball courts. The dangerous coronavirus which can be transmitted by a cough, a touch, or “direct contact” is spreading all over the world. It is madness that the United States, which loves to brag about our…

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The MSC Meraviglia docked off Cozumel, Mexico, last month after Jamaica and the Cayman Islands barred it from entering over concerns of a crew member with flu-like symptoms.

Far from the coronavirus epicenter, Caribbean tourism starts to get sick

By News & Current Affairs

Cruise passenger numbers are down and hotel guest numbers have begun to dip. The islands are bracing for worse. By Kate Chappell, Anthony Faiola and Jasper Ward, Washington Post Ocho Rios, Jamaica — A Bob Marley tune played as the scent of jerk chicken wafted through a half-empty market in this normally bustling port town. A few dozen tourists milled about — far fewer than normal but more than last week,…

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Fox Business Network

Fox hosts Varney and Bartiromo look to Joe Biden to calm the stock market

By News & Current Affairs

By Justin Baragona, The Daily Beast — With the stock market experiencing record-setting drops on Monday morning that prompted trading to briefly halt, pro-Trump Fox Business Network hosts Stuart Varney and Maria Bartiromo turned their eyes to… uh… Joe Biden to boost the stocks. During Monday morning’s broadcast of Fox Business Network’s Varney & Co., the eponymous host wondered aloud whether the markets—plunging due to fear and uncertainty surrounding a coronavirus outbreak—could “see a bounce” in the…

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A driver for multiple ride-share companies with several devices on at once in New York, June 7, 2018.

How the Coronavirus Is Exposing Inequality Among America’s Workers

By COVID-19 (Coronavirus), News & Current Affairs

The spread of the coronavirus exposes a widening chasm in the U.S. economy between college-educated workers and less-educated workers. By Alana Semuels, Time — There are many things that worry Fina Kao about working in a busy donut shop in an age of fear about a spreading virus. The elderly customer who shuffles across the brown linoleum floor of the shop, orders a glazed donut, and then coughs. The parents sitting at…

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Africa

Why Africa’s Industrialization Won’t Look Like China’s

By Editors' Choice

It won’t be able to rely on low-wage manufacturing. By Ndubuisi Ekekwe, Harvard Business Review — China designed and executed a policy that shrank the industrialization process in a mere 25 years — something that many economies took at least a century to do. That redesign has brought immense dislocation in global commerce and industry, enabling China to become one of the world’s leading economies. China’s success has led many African capitals to pursue…

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Commentary, Articles and Essays by Dr. Julianne Malveaux

Trump’s 2021 Budget Reflects His Values

By Dr. Julianne Malveaux

By Dr. Julianne Malveaux — If you tell me how you spend your money, I can tell you what your values are. You say you are a Christian but neither tithe nor have a church home. You say support civil rights but have no connection to a civil rights organization. You love your alma mater never contribute to the place. Put your money where your mouth is.  Budgets are reflections of…

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