Tag: Economics

heatwave

Temperatures Significantly Hotter During Nationwide Heatwave for People of Color in Urban Cities

While the United States is baking from this summer’s unprecedented heatwave, new research from the University of California, San Diego has revealed a disparity between how people of color and white Americans endure the record-breaking temperatures. According to a report from NPR’s Deepa Shivaram, “as record-high heat hammers much of…

Denver Mayor Michael Hancock

11 Mayors Team Up To Launch New Local Reparations Efforts, Establish Framework for a National Reparations Program

Following an announcement in March that city officials in Evanston, Illinois would begin paying qualifying city residents up to $25,000 in reparations for use on property payments and home repair, and fresh off the government’s announcement of Juneteenth becoming a federal holiday, mayors in 11 additional U.S. cities have announced…

economics workforce

Economics Field Is ‘Too White’ and ‘Too Male’ According to Top Federal Reserve Policymakers

Top Federal Reserve officials from a dozen regional banks met on April 13 to discuss the racial-disparity problem within the world of economics. According to Christopher Rugaber of The Associated Press, “top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the…

Mastercard Creates Global Alliance to Upgrade Transit Systems

Originally Published by Mastercard As the inaugural partner, Meridiam will help finance digital ticketing infrastructure in North America – unlocking savings for cities Mastercard created an alliance to mobilize financing to help upgrade transit systems around the world. As a part of the company’s City Possible initiative, this global program unlocks…

TD Economics: Slow, But Steady Progress

The American economy is doing better than the headlines suggest and should continue to add jobs at a steady pace, according to a new report by TD Economics, an affiliate of TD Bank (No. 39 on the DiversityInc Top 50 Companies for Diversity list), America’s Most Convenient Bank. “Economic growth…

House Votes to Oust Term ‘Oriental’ from Federal Law

By Sheryl Estrada Rep. Grace Meng represents the Sixth Congressional District of New York encompassing the borough of Queens. She is the first Asian American member of Congress from New York State. Photo credit: ClotureClub.com The U.S. House of Representatives unanimously passed legislation this month removing all references to “Orientals”…

Report: Asian American Buying Power to Hit $1 Trillion by 2018

By Michael Nam Photo by Shutterstock A new Nielsen report shows the buying power of Asian Americans expanded by $718 to $770 billion in 2014 and is expected to soar to $1 trillion by 2018. The report dissects the consumer impact of the still relatively small demographic, but while the…

In the Twin Cities, Diversity & Economic Growth Go Hand in Hand

*This is an advertorial Although the rest of the country may be slow to recognize it, the Twin Cities of Minneapolis and St. Paul are no cultural backwater. Changing demographics and economic prosperity are putting the region in the same league as the nation’s top cultural centers. Two area companieslender…