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,…
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…
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…
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…
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…
By Herb Boyd — When Africans were forcibly brought to America, they worked at the points of production. And whether as a multitude of enslaved workers on small farms, large plantations, in mines or elsewhere, black laborers were vital cogs in creating wealth for their owners. On a national scale, enslaved black laborers provided a workforce vital for the development of the American republic by bringing wage-free economic success and…
By Dr. Julianne Malveaux — Donald John Trump has been impeached, and to let him tell it, that isn’t bothering him, and we’d believe him if he hadn’t posted more…
With the cost of higher education skyrocketing, many young Americans from economically struggling communities across the South and elsewhere have turned to the military as a solution for student debt. By Benjamin Barber, Facing South — Earlier this month, after a United States drone strike in Iraq killed 10 Iranian military leaders including the country’s top security and intelligence commander, elevated tensions between the U.S. and Iran raised alarms about…
By Rana Foroohar, The Washington Post — The two most interesting questions in politics at the moment are whether Elizabeth Warren will be the Democratic candidate in 2020 and whether President Trump will still be around to duke it out with her. Neither is certain, of course, but Warren’s ascendance already guarantees that the 2020 election will come down, as elections often do, to a fight between old and new. Or, in this case,…
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…
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…
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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