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Wealth Gap Archives - Institute of the Black World 21st Century

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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COVID-19, Coronavirus

COVID-19 Will Strike Poor People More Harshly and Further Widen Wealth Gap

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

By Martin Levine, NPQ — The threat of COVID-19 is not evenly distributed. The poorer you are, the more likely you will fall victim to the virus and its most serious outcomes. If that were not unfair enough, the virus’s spread will set off a self-reinforcing process that will leave behind a wider gap between rich and poor after the disease is brought under control. Bodies may heal, but should…

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Man holding American flag

Reparations: One Necessary Step Toward Black Freedom

By Reparations

By Darrel Thompson, CLASP — Reparations for descendants of enslaved Black people have been discussed on and off at least since the end of the Civil War. But the conversation has been reignited by an inflamed racist political climate, drawing renewed focus to the nation’s racist past. Last spring, students at Georgetown University in Washington, D.C. voted to create a fund benefitting descendants of enslaved Black people sold by the university; all…

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Rev. Jesse L. Jackson, Sr.

The Important Word in ‘Democratic Socialism’ Is ‘Democratic’

By Rev Jesse Jackson

By Rev. Jesse L. Jackson — After the Nevada caucuses, Bernie Sanders is now the front-runner in the Democratic presidential race. In South Carolina, the next primary, former Vice President Joe Biden is the favorite, buoyed by his support among African American voters. But Sanders will come into the state with real momentum, having won the popular vote in each of the first three contests. More importantly, in Nevada, Sanders…

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First slave auction in New Amsterdam.

The 1619 Project Debate with History of Slavery in New York City

By Commentaries/Opinions, Reparations

By Alan Singer, HNN — Author’s note: “Represent NYC” is a weekly program produced by Manhattan Neighborhood Network (MNN). The show’s guests usually discuss topics like affordable housing, education policy and domestic violence. I was invited to discuss the New York Times’ 1619 Project and the long-term impact of slavery on New York and American society for a Black History Month broadcast. This post includes the questions I prepared to answer and notes…

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Military Recruitment

The student debt crisis is fueling the poverty draft

By Commentaries/Opinions

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…

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Prospective students tour Georgetown University's campus in Washington., DC.

American Schools with Historical Ties to Slavery Consider Reparations

By Reparations

The Associated Press — American colleges and universities are increasingly discussing the idea of reparations linked to their historical ties to slavery. Until now, schools have created monuments, changed building names and issued public apologies – instead of providing money. But Georgetown University in Washington, D.C. and two other colleges recently announced financial commitments to people whose ancestors were slaves. The year 2019 marks the 400th anniversary of the arrival of the first slave, in…

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A chart accompanying Dec. 19 Evanston city press release on reparations.

City plans to restructure reparations panel

By Reparations

By Bill Smith, Evanston Now — After three months in which the Evanston City Council’s three-member reparations subcommittee held not a single public meeting, on Dec. 19, 2019 the city issued a press release announcing a schedule for a reformulated subcommittee to develop a reparations plan for submission to the City Council next year. At various times this fall members of the subcommittee that was appointed on Sept. 9 — Aldermen Robin Rue…

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U.S. In Distress

The U-Turn That Made America Staggeringly Unequal

By Editors' Choice

By Bob Lord, CounterPunch — Wealth in America has concentrated — and dramatically so — over the past four decades. Since 1980, note wealth researchers Emmanuel Saez and Gabriel Zucman, the top 0.1 percent share of the nation’s total wealth has more than doubled, from under 10 percent in 1980 to over 20 percent today. In a nation of over 125 million households, just one ten-thousandth of those households — some 12,500…

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