User: flenvcenter Topic: Economics and Jobs-National
Category: Finance
Last updated: Feb 18 2018 23:16 IST RSS 2.0
 
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For People of Color, Banks Are Shutting the Door to Homeownership 18.2.2018 Truthout.com
(Photo: Billion Photos / Shutterstock) This story was originally published by Reveal from The Center for Investigative Reporting, a nonprofit news organization based in the San Francisco Bay Area. Learn more at revealnews.org and subscribe to the Reveal podcast, produced with PRX, at revealnews.org/podcast . Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts. This modern-day redlining persisted in 61 metro areas even when controlling for applicants' income, loan amount and neighborhood, according to a mountain of Home Mortgage Disclosure Act records analyzed by Reveal from The Center for Investigative Reporting. The yearlong analysis, based on 31 million records, relied on techniques used by leading academics, the Federal Reserve and Department of Justice to identify lending disparities. It found a pattern of troubling denials for ...
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Kept out: How banks block people of color from homeownership 15.2.2018 AP Business
PHILADELPHIA (AP) -- Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts....
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Kept out: How banks block people of color from homeownership 15.2.2018 Minnesota Public Radio: Business
Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.
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The Finance 202: Trump plans to roll out budget and infrastructure plans. Neither may be relevant. 12.2.2018 Washington Post: Politics
The deficit is growing.
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Warnings ignored: Why PERA is barreling toward its second funding crisis in a decade 11.2.2018 Denver Post: Business
In a January 2010 letter, three members of the state pension fund’s board of directors sent a stark warning to state lawmakers: Any attempts to water down a proposed reform package could leave the retirement system, which 1 in 10 Coloradans depend on as a replacement for Social Security, in grave financial peril.
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"He's Not Streamlining the Process, He's Just Steamrolling It" 9.2.2018 Truthout - All Articles
If we want to build infrastructure that addresses public needs, then I would argue that you would actually need public input to see what those needs are before you start building that infrastructure. Ready to make a difference? Help Truthout provide a platform for exposing injustice and inspiring action. Click here to make a one-time or monthly donation. Janine Jackson: Donald Trump's State of the Union speech  called  for a $1.5 trillion plan to rebuild what he called "the country's crumbling infrastructure." For many, investment in infrastructure evokes an image of un- and underemployed people going to work, fixing the country's roads and bridges. A draft of the Trump White House's plans  leaked  to media is more about "streamlining" the federal permit process for infrastructure projects, and seeking public/private partnerships. So what questions would a critical media be asking about now? Raul Garcia  is senior legislative council at  Earthjustice . He joins us now by phone from Washington, DC. ...
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Trudeau picks up promises amid US immigration uncertainties 9.2.2018 AP Politics
SAN FRANCISCO (AP) -- Canadian Prime Minister Justin Trudeau picked up promises of investments and jobs during his first official visit to San Francisco where he promoted Canada as a destination for California technology firms frustrated by uncertain U.S. immigration laws....
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Why Silicon Valley should take ag tech more seriously 7.2.2018 GreenBiz.com
Barely 2 percent of all U.S. venture capital investments in 2017 were focused on solving agricultural challenges.
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Dog-Whistling Donald: An Interview With Cornell Brooks 6.2.2018 Truthout - All Articles
President Trump's "shithole" comment may be his most blatant racist remark to date but are his more subtle dog whistles even more dangerous? And why are so many people in this country so uncomfortable with using the word "racist"? I discussed this and more with Cornell Brooks -- a lawyer, minister and activist who formerly served as the 18th president of the National Association for the Advancement of Colored People (NAACP).  Rebecca Vallas: In recent days -- between President Trump's widely noted "shithole" comment, as well as an exchange he had with the Congressional Black Caucus in which he was told that their constituents would be harmed by his Medicaid work requirements policy, and that not all of their constituents are Black -- and he responded, apparently befuddled, "Then what are they?" In the wake of these comments there has been a lot of discussion about how much overt racism is being condoned at the highest levels of this country, and yet we're also watching tremendous discomfort on the part ...
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Up Against Big Tech 5.2.2018 American Prospect
By Brink Lindsey and Steven Teles Oxford University Press This article appears in the Winter 2018 issue of The American Prospect magazine. Subscribe here .  Long the darlings of the digital revolution, Google, Facebook, and Amazon now face growing concern about the power they have acquired over politics, culture, and the economy. With Google and Facebook, the immediate issue in the past year has been their role in spreading fake news. With Amazon, it’s been the online retailing giant’s seemingly relentless march into every consumer market. Three new books suggest that these concerns about Big Tech are indicative of a larger battle over new forms of concentrated corporate power and their implications for inequality and democracy. In Move Fast and Break Things, Jonathan Taplin provides a bleak picture of a 21st-century culture industry cannibalized by informational platforms. A music and movie producer, Taplin has worked with such luminaries as Bob Dylan and The Band, George Harrison, and Martin Scorsese. ...
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The Trump Administration Just Made it Easier for Banks to Screw Over Minority Borrowers 2.2.2018 Mother Jones
Since President Trump named him interim director of the Consumer Financial Protection Bureau in November, White House budget director Mick Mulvaney has made one move after another to weaken the financial watchdog he has long disliked: he’s shelved investigations and announced plans to gut regulation of predatory lenders, review all of the agency’s operations, and […]
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The Finance 202: Trump administration is winning the war on the CFPB 2.2.2018 Washington Post
The Finance 202: Trump administration is winning the war on the CFPB
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Consumer watchdog office stripped of powers in lending discrimination cases 2.2.2018 Washington Post
The Trump administration's move comes about two months after the president installed his budget chief, Mick Mulvaney, at the head of an agency that has long been in the crosshairs of Republicans.
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Why it's time to align retirement funds with sustainability goals 1.2.2018 Energy & Climate | Greenbiz.com
A new push to move employee investments in 401(k)s and pensions to funds with high ESG ratings.
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The economic boom is all well and good. But spreading its benefits to everyone will take serious work. 29.1.2018 Washington Post: Op-Eds
A public service reminder that it will take more than “synchronized global growth” to reach the middle-class and the poor.
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These 14 businesses are growing money on trees 25.1.2018 GreenBiz.com
Restoring degraded and deforested land is becoming a thriving economic opportunity, in the U.S and beyond.
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'Big positive surprise' coming from Trump tax plan, CEOs say 24.1.2018 Washington Post
'Big positive surprise' coming from Trump tax plan, CEOs say
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The hire-wire act of balancing a modern grid with regulated assets 23.1.2018 GreenBiz.com
Utilities need a better safety net for investing in innovative new technologies.
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Business News Roundup, Jan. 17 17.1.2018 SFGate: Business & Technology
Tax overhaul Banks lose now, see gains later The nation’s banks are finding a lot to love about the Trump administration’s tax cuts. The $1.5 trillion overhaul provides deep and lasting tax cuts to all types of businesses, but financial institutions are among the biggest winners so far, reaping benefits from a lower corporate rate and more preferable tax treatment for entities known as pass-through companies, which include many small banks.
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We are all social entrepreneurs 13.1.2018 Design & Innovation | GreenBiz.com
We need to foster people using business for a higher purpose. The good thing is, people don't need to start or own a business to participate.
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