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Race and Economy

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Race and Economy

An updated Community Reinvestment Act faces criticism

by Nancy Marshall-Genzer
Jun 18, 2020
Activists are concerned that a new rule could weaken banks' partnerships with their communities.
Activists say that big banks will be able to comply with the CRA by funding projects like roads and bridges.
Apu Gomes/AFP via Getty Images
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Dallas Fed president says closing racial disparities “very critical” for U.S. economy

by David Brancaccio and Rose Conlon
Jun 18, 2020
“The better all of us do, the better the economy does," Robert Kaplan said.
Robert Kaplan, president and CEO of the Dallas Federal Reserve.
Courtesy of the Federal Reserve Bank of Dallas
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Race and Economy

Tech companies update language to avoid offensive terms

by Kimberly Adams
Jun 17, 2020
Big tech firms are moving away from coding language that carries racial connotations.
Tech companies are moving away from terms that could be considered racially insensitive, such as "master" and "slave."
Issouf Sanogo/AFP via Getty Images
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Race and Economy

Texas A&M wants a more diverse student body

by Andy Uhler
Jun 17, 2020
The board of regents at Texas A&M University voted to create a $100 million scholarship fund to address diversity issues on its campuses.
A 2015 Texas A&M football game. Black students account for a much smaller proportion of the student body than the state's Black population of 12%.
Scott Halleran/Getty Images
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Race and Economy

Quaker Oats is retiring the Aunt Jemima brand because of its origins in "a racial stereotype"

by David Brancaccio , Marielle Segarra and Alex Schroeder
Jun 17, 2020
Up until now, Quaker hasn't been interested in changing the logo or even acknowledging the history of the brand.
The branding of Aunt Jemima actually goes back to the late 1800s, and was used to evoke a common racist caricature of Black women.
Mike Mozart/Flickr via Creative Commons
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Race and Economy

Lessons from Camden, the city that disbanded (and rebuilt) a police force

by David Brancaccio , Rose Conlon , Meredith Garretson and Alex Schroeder
Jun 17, 2020
Camden disbanded its city force and the county took over policing, with an emphasis on building community relations.
The Camden County Police Department was officially created in May 2013, after the unionized Camden Police department was disbanded. Pictured: CCPD patrol officers speaking with Camden resident Wilfredo Ortiz in August 2013.
Andrew Burton/Getty Images
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Race and Economy

Black-owned businesses seeing an increase in sales during protests

by Samantha Fields
Jun 16, 2020
Social media activism is translating into increased sales for many restaurants and businesses. But will it last?
Brendan Smialowski / AFP via Getty Images
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Race and Economy

"Systemic racism is around us, all the time," Atlanta Fed president says

by Kai Ryssdal and Bennett Purser
Jun 15, 2020
Raphael Bostic discusses the challenges of the economy and racial inequality.
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta.
Courtesy of the Federal Reserve Bank of Atlanta.
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Race and Economy

Why diversity and inclusion programs often fall short

by Meghan McCarty Carino
Jun 12, 2020
They often lack resources and can even cause a backlash that makes things worse.
Sephora closed its stores in 2019 to hold diversity and inclusion training for its employees. Following weeks of protests against police brutality, companies have made a renewed commitment to tackling systemic racism.
Scott Olson/Getty Images
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Race and Economy

With companies matching social justice donations, employees are crowdsourcing to increase contributions

by Erika Beras
Jun 12, 2020
Over the last two weeks, social justice organizations have raised $600 million dollars, according to one nonprofit.
People are sending money to employees, employees are giving through companies and the donations are going further.
Mandel Ngan/AFP via Getty Images
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