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The “pernicious and persistent” impact of long-outlawed policies like “redlining” blacks out of white neighborhoods continues to influence the ability of minority families to amass wealth, and requires a deeper look at how those longstanding problems might be addressed, Atlanta Fed president Raphael Bostic said on Friday. Even as laws have moved forward to forbid …
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Citigroup’s longtime chief is stepping down early next year — and his successor is about to make some financial “herstory.” The $2.2 trillion megabank announced Thursday morning that chief executive Michael Corbat will leave his role in February 2021 after eight years. It also announced that the board has picked the bank’s president Jane Fraser …
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David Graeber, who helped organize the Occupy Wall Street movement, has died in Venice, his agent said. He was 59. A professor of anthropology at the London School of Economics, Graeber studied anarchism and anti-capitalist movements, and challenged the world to respond to the plight of Kurds in the Middle East. “David was a hugely …
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Oprah Winfrey will lead a conversation with black thought leaders, activists and artists next week called “OWN Spotlight: Where Do We Go From Here?,” Variety reports. The two-night special will air on the host’s OWN channel on June 9 and 10 at 9 p.m. ET and will also be simulcast across the network’s parent company …
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Unequal pay for male and female employees who do the same, or broadly similar, jobs has been illegal in the UK since 29 May 1970 when the Equal Pay Act was passed. But it still happens. In June 2018 the BBC’s former China editor Carrie Gracie won her unequal pay claim after it emerged she …
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When prices change, how that impacts people depends crucially on which prices increase and what goods and services people are consuming. Across the western world, price inflation–the rate at which prices increase–has been relatively slow for over a decade. Central bankers have consistently undershot their inflation targets despite their careful implentation of complex monetary policy. …
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Megan Thee Stallion admits there is still a double standard for women in the rap industry. “A man can be as mediocre as he wants to be but still be praised,” she recently told Marie Claire. “A man can talk about how he’s about to do all of these drugs and then come and shoot …
The “pernicious and persistent” impact of long-outlawed policies like “redlining” blacks out of white neighborhoods continues to influence the ability of minority families to amass wealth, and requires a deeper look at how those longstanding problems might be addressed, Atlanta Fed president Raphael Bostic said on Friday. Even as laws have moved forward to forbid …
