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Race and Economy

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Race and Economy

Black applicants are more likely to be denied mortgages, study finds

by Amy Scott
Jun 26, 2020
And that's one reason for the persistent homeownership gap.
A house for sale in Seattle. Black homeownership rose slightly in 2019, but mortgage denial rates were still much higher — 16% for Black applicants compared to 7% for white borrowers.
Stephen Brashear/Getty Images for Redfin
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Race and Economy

How does race fit into intro econ courses?

by Andie Corban and Kai Ryssdal
Jun 25, 2020
Gary Hoover of the University of Oklahoma said talking about race in Econ 101 would help increase diversity in the field.
"What we expect in economics is that everyone will be ... rational," says economist Gary Hoover. Above, students at a university in Germany.
Torsten Silz/Getty Images
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Race and Economy

Nike's brand burnished by its affiliation with Colin Kaepernick

by Andy Uhler
Jun 25, 2020
According to a recent Harris poll, Nike’s reputation with the general public has strengthened over the past two years.
There’s been renewed interest in Nike’s commercials featuring brand ambassador quarterback Colin Kaepernick. Those first ran in September of 2018.
Justin Sullivan/Getty Images
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COVID-19

How Asian-owned businesses are weathering the pandemic

by Kimberly Adams
Jun 24, 2020
While Black owned businesses were worst hit, those owned by Asian people were close behind.
A view of New York's Chinatown in 2019. A study found that Asian-owned companies have been among the hardest hit economically by the pandemic.
Johannes Eisele/AFP via Getty Images
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Race and Economy

Young people see transformational change as the best way forward

by David Brancaccio , Candace Manriquez Wrenn and Daniel Shin
Jun 24, 2020
Majorities of young people, independent of race, perceive problems with systemic racism and systemic discrimination, according to the GenForward survey.
"We have an understanding of systemic racism and policing, political alienation and economic precarity that exists among millennials and Gen-Zers," Cathy Cohen said.
Getty Images
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COVID-19

Stimulus checks and unemployment keeping millions out of poverty, for now

by Samantha Fields
Jun 23, 2020
But that extra $600 a week in federal unemployment benefits, which has been critical for millions, is set to run out at the end of July.
The poverty rate has fallen during the pandemic, according to a study out this week, but only because of the CARES Act.
Olivier Douliery/AFP via Getty Images
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Race and Economy

Will TV cop dramas adapt amid calls to defund police?

by Jasmine Garsd
Jun 23, 2020
Some critics say the entire genre needs a serious overhaul because of the way it glosses over police brutality.
Snoop Dogg and Mariska Hargitay in a 2019 episode of "Law & Order: SVU."
Virginia Sherwood/NBC
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Race and Economy

Companies are saying they'll diversify, but will they follow through?

by Kai Ryssdal and Sean McHenry
Jun 22, 2020
Many companies are committing to diversifying the workforce. But if previous efforts have failed, will this time be different?
Kenneth Frazier, leader of pharmaceutical giant Merck & Co., is one of the few Black CEOs running a Fortune 500 company.
Eric Piermont/AFP via Getty Images
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Race and Economy

Some old films will come with a racism warning, but is it too little, too late?

by Jasmine Garsd
Jun 22, 2020
In the last few weeks, several historic films have come under increased scrutiny.
Rhett Butler (Clark Gable) kisses the hand of a tearful Scarlett O'Hara (Vivien Leigh) in "Gone With the Wind."
Hulton Archive/Getty Images
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Race and Economy

More companies offer a paid day off for Juneteenth

by Justin Ho
Jun 19, 2020
Some corporations made the move just days ago.
Marchers celebrating Juneteenth at the Martin Luther King, Jr. Memorial in Washington on Friday.
Olivier Douliery/AFP via Getty Images
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