On Monday, the American Civil Liberties Union filed a lawsuit against Morgan Stanley in what may become the most important civil rights case in a generation. If successful, the implications of this suit are profound and the impact could be staggering, both in addressing the damages suffered by devastated communities as a result of predatory [...]
More and more older adults, particularly adults of color, face a future of financial instability. Studies on retirement insecurity are indicating that debt, unemployment and poverty are rising, incomes are falling, pensions are flat, and wealth is declining for older adults, while they are living longer and their health care costs are rising.[1] All of [...]
Continue reading …A blog by the Opportunity Agenda A recent forum in Washington, D.C., sponsored by the W.K. Kellogg Foundation, provided an in-depth discussion into the level of concern in the United States about poverty and opportunity, particularly concerning children.Spotlight on Poverty also looked at whether or not these issues will be factors in the upcoming presidential election. [...]
Continue reading …By Tim Lilienthal, Bank Accountability Campaign Coordinator for PICO National Network, Last summer, Ray Mercado and his wife began to struggle to keep up with their mortgage payments on their home in Orlando, Florida. Like responsible homeowners, they reached out to their bank, J.P. Morgan Chase. Ray – a disabled veteran – estimates that he [...]
Continue reading …By Jillian Olinger, Research Associate with the Kirwan Institute for the Study of Race and Ethnicity The jointly issued “Report to Congress” issued in February by the Treasury and the Department of Housing and Urban Development caught many in the civil rights community by surprise. The Report laid out three paths, none of which appears [...]
Continue reading …[Transcript from The Kathleen Wells Show] Good morning – My name is Kathleen and this is the Kathleen Wells Show… I have as a guest today economist Dr. Ravi Batra. Dr. Batra is a professor of economics at Southern Methodist University in Dallas, Texas, and is the author of five international best sellers… His latest [...]
Continue reading …By Victor Corral, Program Manager, Insight Center for Community Economic Development The U.S. economy needs immigrants. According to the Center for American Progress, if we passed immigration reform that included legalization, there would be an estimated $1.5 trillion boost to U.S. GDP over 10 years. On the other hand, they note that pursuing an “enforcement-only” [...]
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