A group undergoes (click title to entry - thank you) computer training on July 12 at STRIVE, a program in Harlem, New York, designed to prepare the unemployed for new jobs. A new study has found that blacks and Hispanics have lost a greater share of their net worth compared to whites in recent years as a result of the troubled economy.
Ann Hermes / The Christian Science Monitor
Every member of the Black Community in the USA needs to come together over this one. A special funding institution for minoity home ownership needs to be developed from private funds. It needs strong and resolute leadership with intense oversight. Community development has to be a part of it. I think it should be called, "The Forty Acres and a Mule Foundation." I know that is in poor taste, but, I think the message is clear. The housing bubble created by Bush to help buoy his economy failed the minority communities in the USA. It failed them without any remorse. When the investment banks were bailed out they ran to foreign markets to increase their wealth while victimizing the American people with a plummet of their economy.
I know the Black Community is up to this and a prime example of its capacity is the noble Vernon Jordan.
"A Conversation with Vernon Jordan." (click here) An interview with Charlie Rose in November of 2008. A very proud time for this community. Vernon Jordan is brilliant and knows the ins and outs of such a financial institution. Don't let the government do this to minority Americans again.
RUSSELL CONTRERAS, Associated Press
Updated 02:27 p.m., Tuesday, July 26, 2011
Heck, at this point, the miniority communities of the USA should consider themselves oppressed ethnics and seek shelter from the IMF if necessary. If this doesn't prove it then I don't know what does.
BOSTON (AP) — The widening wealth gap between whites and minorities has wiped out gains made over the last 30 years and could foreshadow even more inequality if something isn't done to address it, National Urban League President and CEO Marc Morial told the Associated Press on Tuesday.
Speaking a day before the National Urban League begins its annual convention, Morial said new census data analyzed by the Pew Research Center shows that blacks and Latinos have especially been hit hard by the economic meltdown. He said the report is a "wake-up call" that those communities need more investments for long-term job creation.
"A paramount issue for this nation for the 21st century is to ensure the narrowing and closing of the racial wealth gap," said Morial, a former mayor of New Orleans. "It has deep social implications. It has deep political implications."...
Heck, at this point, the miniority communities of the USA should consider themselves oppressed ethnics and seek shelter from the IMF if necessary. If this doesn't prove it then I don't know what does.
