New Orleans There were a couple of random headlines and a paragraph or two on the wire services, but the recent report, “Middle Class Squeeze,” by the DC-based progressive think tank, Center for American Progress, is actually pretty startling on a closer look. Here’s the bottom line. Defining the middle class as those individuals and …
Category: Citizen Wealth
Comcast Monopoly Strategy: Be the Biggest Bully on the Block
New Orleans Sometimes you just have to scratch your head and admit that you are out of your pay grade. That’s where I’m heading in trying to figure out why the giant Comcast believes its best political and commercial strategy for achieving monopoly concentration in the cable and internet world is to be the biggest …
Bank Redlining Increasing and Wealth Plummeting in Minority Communities
New Orleans The Federal Reserve report on the continued decrease in lending to African-American and Hispanic families is unambiguous. In 2013, 4.8% of total home loans were to African-Americans, 7.3% were to Hispanics. In 2012, the numbers were only marginally better at 5.1% and 7.2% respectively. As recently as 2006, before the real estate meltdown …