Tag

Economy Archives - Institute of the Black World 21st Century

‘Our Door of Return’ African Diaspora Economic Forum

‘Our Door of Return’ African Diaspora Economic Forum

By News & Current Affairs

This year 2019 is significant as it marks 400 years since the first documented ship anchored the shores of America with chained slaves. Since they left through the Door of No Return, there is a mobilisation of African Americans to connect with Africa, through the Door of Our Return. Collaboration with the Diaspora in private sector, government, civil society is key in mobilising and sharing knowledge, expertise, technologies and economic…

Read More
America has two economies—and they’re diverging fast.

America has two economies—and they’re diverging fast

By Editors' Choice

By Mark Muro and Jacob Whiton, Brookings — We’ve been harping for a while on the stark economic divides that define American life in the Donald Trump years. To be sure, racial and cultural resentment have been the prime factors of the Trump backlash, but it’s also clear that the two parties speak for and to dramatically different segments of the American economy. Where Republican areas of the country rely on lower-skill, lower-productivity “traditional” industries like manufacturing and…

Read More
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…

Read More
Barack Obama

Barack Obama’s Biggest Mistake

By Commentaries/Opinions

It rhymes with ‘schneo-liberalism.’ It was an economic disaster and a political dead end. It was an economic disaster and a political dead end. In the early days of his presidency, Barack Obama had the power to overhaul the economy, but instead he focused on smaller, less effective fixes. By Farhad Manjoo, The New York Times — In 2009, Barack Obama was the most powerful newly elected American president in a generation. Democrats controlled the House and, for about five months in the second half of the year, they enjoyed a filibuster-proof, 60-vote majority in the Senate. For the first six months of his presidency, Obama had…

Read More
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…

Read More
The Rich Can’t Get Richer Forever, Can They?

The Rich Can’t Get Richer Forever, Can They?

By Commentaries/Opinions

Inequality comes in waves. The question is when this one will break. By Liaquat Ahamed, The New Yorker —  In 1831, Alexis de Tocqueville, at the age of twenty-five, was sent by France’s Ministry of Justice to study the American penal system. He spent ten months in the United States, dutifully visiting prisons and meeting hundreds of people, including President Andrew Jackson and his predecessor, John Quincy Adams. On his…

Read More
Commentary, Articles and Essays by Dr. Julianne Malveaux

Will You Answer the Call for Moral Revival?

By Dr. Julianne Malveaux

By Julianne Malveaux — I cannot overstate my tremendous admiration for Rev. William Barber.  Our connection goes back to North Carolina when I was the President of Bennett College, and he led the state NAACP.  His daughter, Sharrelle, graduated from Bennett in the spring before I assumed the Presidency and as student body president, she served on the search committee that selected me.  So he’s a friend of long-standing. In…

Read More
JPMorgan Chase CEO Jamie Dimon, AT&T CEO Randall Stephenson and Boeing CEO Dennis Muilenberg speak during the Business Roundtable (BRT) CEO Innovation Summit in Washington, D.C., on December 6, 2018. Since its inception, BRT has been at the forefront of corporate resistance to pro-consumer, pro-union legislative efforts.

A Bunch of CEOs Want to Fix Capitalism. You Can’t Fix Anything Built on Slavery.

By Commentaries/Opinions, Reparations

By William Rivers Pitt, Truthout — Anyone who cracked open the business pages of the major papers on Monday morning was confronted by an avalanche of self-congratulation from the CEO caste and its idolaters. The Business Roundtable (BRT) — a large cohort of massive businesses that has been bending the economy to its will since 1972 — announced that it is “rewriting how it views the purpose of a corporation,” according to The Washington…

Read More
Civil rights advocates carry placards during the March on Washington for Jobs and Freedom on August 28, 1963, in Washington

Truth and Reconciliation: Addressing Systematic Racism in the United States

By Commentaries/Opinions, Editors' Choice

By Danyelle Solomon — 2019 marks the 400th anniversary of Africans sold into bondage arriving on Virginia’s shores. It has been 156 years since the signing of the Emancipation Proclamation, 55 years since the end of Jim Crow, and 51 years since the civil rights movement. All of these moments in U.S. history represent crossroads—moments where the country made a choice or where people demanded that the words on the pages of the Constitution and the Bill of Rights became more than words; that policies and practices were equitably distributed among all people, not just a select few…

Read More
Marianne Williamson and Mark Zuckerberg

Liberal policies are incoherent because Democrats have been polluted by these two failed world-views

By Commentaries/Opinions

By Keith A. Spencer, Salon — There are no hippies on Haight Street anymore. Along the eponymous road in the storied San Francisco neighborhood, arguable birthplace of the counterculture movement, tourist shops hawk tie-dye memorabilia to commemorate hippie culture, music, and style. Yet aside from physical tchotchkes, the spirit of the 1960s no longer permeates the Haight: gone are the grinning, barefoot peaceniks, as are the free clinic and the Diggers. In their…

Read More