Articles > October 2010
October 2010
Vote for Hope
Original source: Huffington Post
Recession's Impact on Black and Latino Families
While much of the corporate media, most political pundits and much of the country's elected leadership would like to characterize America as a "post-racial" society in which "colorblindness" rules, newly released data reveals that racially-based economic inequalities may be at their worst levels since the 1990s.According to fresh statistics from the Census Bureau, the recession and the housing crisis have most adversely affected African American and Latino families.
Hungry for Answers
When Paul Krugman and Martin Feldstein – Reagan's Chief Economist, Trilateral Commission, Group of 30.... – concur that there is literally no end in sight to the 10 percent - plus unemployment levels, and no known path to recovery without another major shift leftward in US politics; and that there is a 1 in 3 chances of another recession next year; and a 1 in 10 chance of catastrophe in the event of another "externality" (unpredicted war, climate crisis, currency shock, etc); and that the global scope of the crisis spells no cure through trade – its time sharpen our understanding of exactly what's happening to capitalism.
