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Race and Economy

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Race and Economy

How forced arbitration can hurt Black and brown workers

by Kimberly Adams and Rose Conlon
Jul 3, 2020
Some say forced arbitration favors employers in racial discrimination cases.
Forced arbitration could have negative impacts on Black and brown workers the moment they find a job.
Joshua Lott/Getty Images
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Reimagining the Economy

How the president of the Ford Foundation would reimagine the economy

by David Brancaccio and Rose Conlon
Jul 2, 2020
“We begin first by asking the question: Why is there so much inequality in our society?” Darren Walker says.
"Inequality makes people believe that the systems that are supposed to serve them are rigged — are designed by we privileged Americans to benefit us, at their expense," Darren Walker said.
Courtesy of the Ford Foundation
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Race and Economy

Goldman Sachs starts diverse board member policy for handling IPOs

by Kimberly Adams
Jul 1, 2020
The investment bank wants boards to include more people from chronically underrepresented groups.
Even with progress toward making boardrooms more diverse, women hold less than 18% of corporate board seats in the United States, according to Deloitte.
SDI Productions via Getty Images
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Race and Economy

The pipeline problem for Black women in economics

by Andie Corban and Kai Ryssdal
Jul 1, 2020
Kai Ryssdal talks with Anna Gifty Opoku-Agyeman, CEO of the Sadie Collective.
Graduates of Spelman College in Georgia, a historically Black women's college, attend commencement ceremonies in 2002.
Erik S. Lesser/Getty Images
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Race and Economy

Netflix will deposit $100 million in Black-owned banks

by Justin Ho
Jun 30, 2020
The move should help the banks make more loans in communities of color. But deposits are just one way to help the institutions.
Netflix is trying a couple of different things to hold on to its subscriber base.
Olivier Douliery/AFP via Getty Images
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Race and Economy

The social media advertising boycott goes global

by David Brancaccio , Erika Beras and Alex Schroeder
Jun 29, 2020
The campaign to get companies to stop buying social media advertising already has support from companies like Verizon, Patagonia and Unilever.
Chip Somodevilla/Getty Images
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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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