U.S. Treasury Secretary Janet Yellen announced that $8.5 billion in COVID-era investments have significantly boosted lending to Black and Latino-owned businesses through community development financial institutions and minority-owned banking firms. In a separate development, Google and a coalition of U.S. banks and foundations have pledged to direct at least $4 billion towards small businesses and minority lending institutions. Meanwhile, The Atlantic suggests that reducing inequality in the United States requires an honest examination of immigration policies. Additionally, experts argue that policymakers should actively work to remove barriers to wealth-building efforts for Latinos to promote economic mobility and the nation's economic future.
“By actively and intentionally working to remove barriers to Latinos’ wealth-building efforts, policymakers can foster not only their economic mobility but also the nation’s economic future,” @Tonantzin_LC and Noreen M. Sugrue write. https://t.co/KWOwppUDQI
If the United States wants to reduce inequality, it’s going to need to take an honest look at immigration, @DLeonhardt writes. https://t.co/i6M1bx9R6x
Yellen says community banking investments boost lending to Black, Latino firms sharply https://t.co/EoaT8lsFFv https://t.co/5h0j6snl45
YELLEN SAYS COMMUNITY BANKING INVESTMENTS BOOST LENDING TO BLACK, LATINO FIRMS SHARPLY (Reuters) U.S. Treasury Secretary Janet Yellen said on Wednesday that $8.5 billion in COVID-era investments in community development financial institutions and minority-owned banking firms… https://t.co/lPdI9g2LjW https://t.co/XLmGG32zrU
Google and a coalition of US banks and foundations are pledging to steer at least $4 billion toward small businesses and minority lending institutions https://t.co/b2l0zst7eS
Google and a coalition of US banks and foundations are pledging to steer at least $4 billion toward small businesses and minority lending institutions https://t.co/qQ2x5AFG9B
If the United States wants to reduce inequality, it’s going to need to take an honest look at immigration, @DLeonhardt writes. https://t.co/RudaAF5O5q
The latest data confirms the obvious: wealth inequality in the US is grotesque. @MattBruenig in Jacobin. https://t.co/v4C1upUUOI