recession
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Michael Jordan Gets a Job and Other ‘Recession Indicators’ Sniffed Out By Black Twitter
From Kimora Lee Simmons returning to reality TV to Five Guys dropping a combo meal, these hilarious "recession indicators" have folks spooked.
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Treasury Secretary Janet Yellen Doesn’t Have Time For Cardi B
The 75-year-old official says that the rapper's claim of an impending recession is false.
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The Fed’s Interest Rate Hike Will Hurt Black Consumers
Economists say higher rates will be harsh in the months to come.
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Hit Hard by the COVID-19 Recession, Black and Latinx Survivors More Likely to Return to Abusers, Study Finds
Throughout the year, the twin crises of the coronavirus pandemic and the recession it spurred have disproportionately hurt Black and Latinx communities across the country. A new study from the nonprofit Me Too has found that survivors of sexual violence in these communities have been particularly vulnerable to financial instability caused by the pandemic—thus making…
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White People Have Recovered 60 Percent of the Jobs They Lost During This Recession. For Black Folks, That Number Is Far Lower
Earlier this year, protests to “open the economy” saw disproportionate amounts of white people flocking to the streets, many of them sans masks, to push back against measures local and state governments had taken to control the spread of the novel coronavirus. Now, as parts of the economy have opened up in recent months, data…
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No Peace Without Economic Justice
When Andre Perry thinks about American policing and incarceration, he sees an economic issue as much as a human rights one. “There’s no bigger wealth extractor than the criminal justice system,” Perry, a fellow at the Brookings Institution and author of Know Your Price: Valuing Black Lives and Property in America’s Black Cities told The…
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As the COVID-19 Crisis Continues, Retail Takes a Devastating Dive
As we measure the ongoing effects of COVID-19, loss of life and public health should remain chief among our concerns—despite any GOP rhetoric to the contrary. But America’s economic health is also in jeopardy, as evidenced by what the New York Times writes are “a number of reports that highlight just how badly the economy…
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As Millions of Workers Lose Their Jobs, Report Finds Nearly a Third of Renters Haven't Paid Rent for April
As millions of people found themselves out of work due to the coronavirus-related closures that began last month, a new survey found almost one-third of renters did not make payments on their homes for the first week of April. The data comes from the National Multifamily Housing Council, a trade group that tracks rent payments…