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Economy

Nobody would mistake Cory Booker for a radical.

Cory Booker’s Big New Policy Idea Isn’t Reparations, but It’s the Closest a Presidential Candidate Is Going to Get

By News & Current Affairs

By Jordan Weissmann — Sen. Cory Booker did not come out and propose reparations for black Americans this week. But the policy idea he rolled out on Monday might be the closest thing that we can expect to see from a serious presidential contender going into 2020. The senator from New Jersey, who is gearing up for a White House run, plans to introduce legislation soon that would create a “baby bond”…

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A toilet roll next to 2,600,000 bolivars, its price and the equivalent of US$0.40 at a mini-market in Caracas.

Venezuela, President Nicolas Maduro And The People

By Commentaries/Opinions

For the empowered Venezuelans, their socialist ideology is part of their identity. It is what and who they are, writes Les Blough. By Les Blough, teleSur — In his article, ‘Venezuela’s Monetary Revolution Vis-a-Vis Economic Sanctions,’ Nino Pagliccia reports on the new economic model based upon the petroleum-backed cryptocurrency, the Petro, introduced in March of this year. The new initiative brings a series of economic measures to begin on August…

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Black child holding coins - Serede Jami / Eyeem / Getty Images

Black Americans’ Median Wealth Could Disappear in One Generation

By Editors' Choice

By Adam Hudson, Truthout — It’s no secret that, as the saying goes, “The rent is too damn high.”Across the nation, housing is becoming increasingly expensive for many Americans. But the story of the present-day housing crisis is not just a story of rising rents; it’s also a story of systemic racism. Today’s rising housing prices exacerbate the racial wealth gap in the US by making it more difficult for Black…

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AME Church Bishops pose with Black bankers and business leaders after announcing historic partnership.

AME Church and Black Banks Launch New Partnership for Black Wealth

By News & Current Affairs

By Hazel Trice Edney — (TriceEdneyWire.com) – The Black church, among the most prosperous institutions in America, has long led movements for the spiritual, social and civic uplift of Black people. When the Rev. Dr. Martin Luther King Jr. was assassinated on April 4, 1968, he had just launched the Poor People’s Movement, which quickly fizzled after his death. With this historic backdrop, the African Methodist Episcopal Church – with…

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Black Economic Development: The Power of Networking — June 18th Edition of Vantage Point

By Vantage Point Radio, Video/Audio

Topic/Focus – Economic Development: The Power of Networking. Guests – Dr. George Fraser (President/CEO, FraserNet, Convener, Power Networking Conference, Cleveland, OH), Anthony Browder (World Renowned Historian, Egyptologist, Archeologist, Washington, D.C) and Dr. Stacie NC Grant (Founder, Destiny Designers University, Speaker & Celebrity Guest MC, New York, NY)

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A vintage car driver waits for tourists after Hurricane Irma caused flooding and a blackout, in Havana, Cuba September 12, 2017

U.S. trade embargo has cost Cuba $130 billion, U.N. says

By News & Current Affairs

HAVANA (Reuters) – A United Nations agency said on Tuesday an “unjust” U.S. financial and trade embargo on Cuba had cost the country’s economy $130 billion over nearly six decades, coming up with the same estimate as the island’s communist government. Although many U.S. allies join Washington in criticizing Cuba’s one-party system and repression of political opponents, the United States has lost nearly all international support for the embargo since…

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"Here we're proving—with data and analysis spanning 50 years—that the problem is both structural barriers for the poor in hiring, housing, policing, and more, as well as a system that prioritizes war and the wealthy over people and the environment they live in," said John Cavanagh, director of the Institute for Policy Studies. (Photo: Poor People's Campaign/Twitter)

Decrying System That Favors ‘War and the Wealthy,’ Poor People’s Campaign Unveils Agenda to Combat Poverty, Racism, and Militarism

By Commentaries/Opinions

“The Democrats talk about the middle class. The Republicans talk about the military. No one’s talking about the poor.” By Jake Johnson — In the spirit of Dr. Martin Luther King Jr.’s original campaign against poverty that kicked off 50 years ago next month, leaders of the Poor People’s Campaign (PPC) on Tuesday announced plans to revive Dr. King’s radical moral vision with mass action nationwide and unveiled a series of ambitious demands aimed…

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Maurice Mitchell, left, the new national director of the Working Families Party, with his predecessor, Dan Cantor, at the Working Families Party office in Brooklyn, New York. Rafael Shimunov / Working Families Party

Economic vs. Racial Justice Is a ‘False Choice,’ Says the New Working Families Party Director

By Commentaries/Opinions

Maurice Mitchell wants the WFP to be a political home for working-class people of every race. By Collier Meyerson — The Working Families Party, a progressive political political party that is active in 19 states, just announced that its longtime national director, Dan Cantor, has been succeeded in the role by Maurice Mitchell. The first black person to hold the post, Mitchell has two decades of experience in political and…

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