The Economy Reimagined, Part 1: Dealing With Inequality

Amid the wreckage of 2020, are there opportunities to fix what was already broken, including the system of human relationships we call the economy?
Pictured: Hundreds of people wait in line for hours at a downtown Brooklyn office for their EBT Food Stamp cards on May 12, 2020 in New York City.
Spencer Platt/Getty Images

One reason why Black-owned businesses have fared worse in the pandemic: weaker banking relationships

Aug 4, 2020
That leaves them restricted access to capital, according to a study by the New York Fed.
A beauty product booth at a Black-owned business expo in Florida. The number of Black business owners in the U.S. fell more than 40% between February and April, according to a New York Fed study.
Octavio Jones/Getty Images

Shifting the Black hair care industry back into Black hands

Jul 28, 2020
Maggie Anderson has dedicated herself to Black economic empowerment by buying from Black-owned businesses. But it isn't easy.
Maggie Anderson
Courtesy of Maggie Anderson

Lists of Black-owned restaurants are circulating. Here's what that means for one baker.

Jun 16, 2020
Rita Magalde, owner of a Utah bakery specializing in baklava, says the increase in business feels like a miracle.
Rita Magalde, owner of Sheer Ambrosia, a baklava bakery in Draper, Utah.
Carlos Linares/Photo Courtesy of Rita Magalde

Why eliminating racial inequities is key for the post-COVID-19 economy

"Going back to normal would be disastrous for Black Americans," says Andre M. Perry of the Brookings Institution.
"There's built-in inequality in the systems that we use to distribute resources to build wealth," Andre M. Perry says.
Jason Redmond/AFP via Getty Images

Minority-owned businesses struggle to access emergency loans

Apr 28, 2020
Many of their lenders were excluded from the Paycheck Protection Program.
There's criticism that smaller and minority-owned businesses didn't get their fair share from the first round of the Paycheck Protection Program funding.
Spencer Platt/Getty Images