Tag Archives: economy

How Slavery Gave Capitalism Its Start

Posted on April 27, 2015 by The Soul Brother

By Eric Herschthal Capitalism in the U.S. owes much of its start to slavery, which in turn owed much of its success to government handouts. Perhaps the most durable myth about slavery is that it was utterly incompatible with capitalism. Well … Continue reading →

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A Foreclosure Conveyor Belt The Continuing Depopulation of Detroit

Posted on April 21, 2015 by The Soul Brother

By Laura Gottesdiener Unlike so many industrial innovations, the revolving door was not developed in Detroit. It took its first spin in Philadelphia in 1888, the brainchild of Theophilus Van Kannel, the soon-to-be founder of the Van Kannel Revolving Door … Continue reading →

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The True Cost of Gun Violence in America

Posted on April 20, 2015 by The Soul Brother

By Mark Follman, Julia Lurie, Jaeah Lee, James West, based on research by Ted Miller It was a mild, crystal clear desert evening on November 15, 2004, when Jennifer Longdon and her fiance, David Rueckert, closed up his martial-arts studio … Continue reading →

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What We Don’t Mention About Unemployment

Posted on April 17, 2015 by The Soul Brother

In this year’s State of the Union address, President Obama mentioned jobs 19 times, repeating it more than any other word with any policy implications. “Our economy is growing and creating jobs at the fastest pace since 1999,” he said … Continue reading →

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The Racial Wealth Gap in America

Posted on April 16, 2015 by The Soul Brother

How can America become more financially equitable for all?

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Working, but Needing Public Assistance Anyway

Posted on April 13, 2015 by The Soul Brother

Patricia Cohen A home health care worker in Durham, N.C.; a McDonald’s cashier in Chicago; a bank teller in New York; an adjunct professor in Mayfield, Ill. They are all evidence of an improving economy, because they are working and … Continue reading →

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Black America Is Still In A Deep Recession

Posted on March 27, 2015 by The Soul Brother

By Bryce Covert The economy has experienced 12 straight months of job growth above 200,000 and the overall unemployment rate has dropped 5.5 percent. But the recovery isn’t such great news for black Americans. The unemployment rate for black people … Continue reading →

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Black America Is Just 72 Percent Equal To White America. In Some Areas, The Inequality Is Worse Than That.

Posted on March 25, 2015 by The Soul Brother

By Nick Wing & Alissa Scheller A report released last week holds troubling findings about lasting inequality across the African-American community.The 2015 “State of Black America” study, conducted by the National Urban League, finds that black Americans fare worse than … Continue reading →

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Why the 99 Percent Keeps Losing 

Posted on March 23, 2015 by The Soul Brother

By Robert Kuttner Our current political situation is unprecedented. The vast majority of Americans keep falling behind economically because of changes in society’s ground rules, while the rich get even richer — yet this situation doesn’t translate into a winning … Continue reading →

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Saving Carver Federal, NY’s last black bank

Posted on March 23, 2015 by The Soul Brother

By Aaron Elstein Harlem’s renaissance is impossible to miss. Starbucks and Banana Republic line 125th Street. Whole Foods is coming. Marcus Samuelsson’s Red Rooster restaurant draws gourmands from everywhere, and busloads of tourists come to hear gospel choirs in the … Continue reading →

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