Glaring economic, health and judicial inequalities between black and white Americans help explain the fury over George Floyd’s killing
ON THE EIGHTH day of protests against the killing of George Floyd, Donald Trump boasted about his record on reducing black poverty and unemployment and passing criminal-justice reform. “My Admin”, he tweeted, “has done more for the Black Community than any president since Abraham Lincoln.
Income numbers understate the real economic disparities because they only describe people who are in work. According to a study by Patrick Bayer of Duke University and Kerwin Charles of the University of Chicago, a stunning 35% of young black men are unemployed or out of the workforce altogether, twice the share of whites.
Covid-19 has been a catastrophe, and African-Americans have been hardest hit by it. Black and Hispanic New Yorkers are twice as likely to die of covid-19 as whites; black Chicagoans, five times more likely.
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Bank Of America Commits $1 Billion To Support Economic Opportunity After Pandemic, ProtestsBank of America said on Tuesday morning it will make a $1 billion commitment help local communities address widening economic and racial inequality brought on by the pandemic.
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Bank of America pledges $1 billion to assist economic and racial inequality intensified by pandemicBank of America is pledging $1 billion to help communities fight economic and racial inequality. “We thought instead of just talking, it’s time to put up the money,” CEO Brian Moynihan says.
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After Criticism, Ellen DeGeneres Expands Thoughts On Black Lives MatterIn an emotional video, the talk show host pledged solidarity with those protesting against racial inequality. Her previous effort, however, sparked backlash.
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How Trump’s scattered team scrambled to respond to historic protestsThe weekend brought the broadest race-focused protests to sweep America in a half century, and laid bare the Trump administration’s struggle to deliver a fitting response
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Black corporate, nonprofit leaders say protests point to America's racial wealth gap, offer solutionsOn Monday several black leaders in business and finance voiced their reaction to CNBC over the killing of George Floyd and the protests that followed, saying the unrest is a result of both racial injustice and racial disparity in wealth between African Americans and whites in the U.S.
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