It’s Not Too Late to Reverse the Road to Zero Wealth for Households of Color

What would U.S. society be like if a majority of families had no wealth – no savings, no home equity, no investments of any kind?

That is exactly where the country is headed if we continue on our current path toward economic dystopia for black and Latino families.

While we celebrate a modest reduction in poverty rates and an encouraging uptick in median income, as disclosed in this week’s Census report, the stagnation and decline of wealth remains a troubling indicator.

Between 1983 and 2013, median black household wealth decreased by 75%  to $ 1,700 and Latino household wealth fell 50% to $ 2,000. At the same time, median white household wealth rose 14% to $ 116,800.

If this trend continues, an African American born in 2013 will see her household wealth hit zero by the time she turns 40. Her Latino peers will suffer the same fate 20 years later.

This is happening as households of color make up a growing share of the population and are projected to reach majority status by 2043. If the accelerating racial wealth divide isn’t halted, a majority of U.S. households will no longer have enough wealth to stake a claim in the middle class. The consequences for the economy and society as a whole will be devastating as racial and political polarization deepens and intensifies.

A combination of bold societal and policy changes is the only way out of this crisis.

We have a choice to make. Do we want to become a country like Brazil where staggering wealth inequality is the norm? Or do we want to be more like Canada, where there is far less inequality and greater opportunities for all?

Read the full article on USA Today.

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A Late Winner, and a Perfect Start for a Cautious France at Euros – New York Times


New York Times
A Late Winner, and a Perfect Start for a Cautious France at Euros
New York Times
France's forward Dimitri Payet was buried under his teammates after his winning shot in the 89th minute against Romania in a Euro 2016 Group A match on Friday. Credit Philippe Lopez/Agence France-Presse — Getty Images. ST.-DENIS, France — The …
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We Can Feed Our Meat Addiction in More Eco-Friendly Ways Than Factory Farming—But Is It Too Late? – AlterNet


AlterNet
We Can Feed Our Meat Addiction in More Eco-Friendly Ways Than Factory Farming—But Is It Too Late?
AlterNet
Brazil is about to be allowed to export fresh beef directly to the U.S. And meat production in Brazil is so land-intensive it's responsible for more than two-thirds of the deforestation of the Brazilian Amazon. Americans ate more than 100 pounds of red

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Act before it’s too late!

More than 18 million people in Sahel are facing a food crisis following erratic rains that have caused poor food harvests and water shortages.

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Tell your government to act urgently to meet immediate needs, help people recover, and invest to break the cycle of hunger and make the people of the Sahel less vulnerable to droughts in future.

If you live elsewhere, sign the Avaaz petition targeting world leaders and share the Sahel2012.org video!

 

 

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#Sahel2012 Will you act before it’s too late?

In the Sahel region, 18 million people can’t get enough to eat. Let’s stand together to repair the broken food system – fix the cracks to keep the house standing. Will you act before it’s too late? Share this video http://sahel2012.org

In the Sahel region, 18 million people can’t get enough to eat. Let’s stand together to repair the broken food system - fix the cracks to keep the house standing.

YouTube


See video

Oxfam

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Better Late Than Never: A Conversation With Buffy Sainte-Marie

There's a mining company that's moving in trying to make a uranium mine in the So, it's exactly the same thing as the Gold Rush, which, of course,
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Late apple harvest, worker shortage stresses growers

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Fujis, Pink Ladies and braeburn apples account for most of what fruit remains based company that supplies farm labor to growers said growers are paying

Late apple harvest, worker shortage stresses growers

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If legal farm workers aren't found, the Washington tree fruit industry could be in trouble, said Dan Fazio, owner of the Washington Farm Labor Association,

METALS-Copper recovers late as Greece softens stance – Reuters


BigPond News
METALS-Copper recovers late as Greece softens stance
Reuters
Nov 3 (Reuters) – Copper edged up in choppy trade Thursday on hopes Greece will abandon plans to hold a referendum over a euro zone debt bailout and after a surprise rate cut from the European Central Bank instilled greater confidence.
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greece – Google News