State of the State’s Majority Called “Dire”

Contact: Bruce Mirken, Greenlining Institute Media Relations Coordinator, 510-926-4022; 415-846-7758 (cell)

With Brown’s “State of the State” Address Imminent, Greenlining Institute Calls For Bold Leadership

SACRAMENTO – The state of California’s non-white majority is “dire,” according to a new report issued today by The Greenlining Institute. Anticipating Gov. Jerry Brown’s “State of the State” address, to be delivered later today, Greenlining’s report, The State of the Majority, examines the situation of California’s communities of color – the voters responsible for all of Brown’s victory margin – and calls for urgent action.

“The foreclosure crisis and recession that have battered California’s economy have hit communities of color hardest of all,” said Greenlining Institute Executive Director Orson Aguilar. “Instead of managing scarcity and decline, our leaders must take bold action to preserve the California Dream for all.” Continue reading “State of the State’s Majority Called “Dire””

Brown’s Speech a Good Start, More Leadership Needed

Contact:
Bruce Mirken, Greenlining Institute Media Relations Coordinator, 415-846-7758 (cell)
Samuel S. Kang, Greenlining Institute General Counsel, 415-317-5946 (cell)

Action on Foreclosures, Small Businesses Needed For Economic Recovery, Greenlining Institute Argues

SACRAMENTO – Governor Jerry Brown deserves applause for honestly tackling California’s budget crisis in today’s  “State of the State” speech, but further action is needed to restore prosperity, policy experts at The Greenlining  Institute said today.

“What we call a recession is a full-fledged depression for many communities of color,” said Greenlining Institute General Counsel Samuel S. Kang. “Balancing the budget is important, but it’s not the same as restoring prosperity. Restoring California’s prosperity requires action to stem the tide of foreclosures – even to the extent of declaring a state of emergency if that’s what it takes — bolster small businesses, and stop the devastating effects of health insurance rate increases. We also strongly urge the governor and legislature to look into untapped revenue sources such as an oil severance tax in order to reduce devastating budget cuts.” Continue reading “Brown’s Speech a Good Start, More Leadership Needed”

Homeownership Rate Drops to Lowest Since 1998

Contact: Bruce Mirken, Greenlining Institute Media Relations Coordinator, 510-926-4022; 415-846-7758 (cell)

Black, Latino Rates Drop Faster Than Whites

WASHINGTON – According to U.S. Census data released this week, homeownership rates have dropped to their lowest level since 1998. Homeownership rates for Hispanics, African Americans and Native Americans have dropped more severely than for whites (2010 data for Asian Americans have not yet been reported).
Continue reading “Homeownership Rate Drops to Lowest Since 1998”

New Consumer Protection Bureau Website – Warren Seeking Community Input

Dear Friends of Greenlining,

With last year’s passage of the Wall Street Reform and Consumer Protection Act, our communities have extraordinary new protections from predatory financial products and services.

Led by Professor Elizabeth Warren, the new Consumer Finance Protection Bureau (CFPB) is charged with providing these protections.  Just last week, the CFPB launched its new website: http://www.consumerfinance.gov/

The website is intended as an interactive forum that allows consumers to easily seek out information about financial products, as well as to submit complaints.
Continue reading “New Consumer Protection Bureau Website – Warren Seeking Community Input”

Obama Silicon Valley Visit Neglects Suffering Communities

Contact: Bruce Mirken, Greenlining Institute Media Relations Coordinator, 510-926-4022; 415-846-7758 (cell)

Communities Hit Hardest by Budget Cuts, Foreclosure Crisis Not on Itinerary

SAN FRANCISCO – President Obama is making a mistake if his visit to the Bay Area ignores the California communities suffering most from the recession and that are likely to be hurt further by the administration’s budget proposals, policy experts at The Greenlining Institute said today.
Continue reading “Obama Silicon Valley Visit Neglects Suffering Communities”

Obama Silicon Valley Visit Neglects Suffering Communities

Dear Friends,

Yesterday, President Obama made a visit to California’s Silicon Valley on what he described as a “jobs tour.” From what we understand, the President met with a small, elite group of executives including Apple CEO Steve Jobs, Facebook CEO Mark Zuckerberg, Oracle CEO Larry Ellison, Google CEO Eric Schmidt and Twitter CEO Dick Costolo.
Continue reading “Obama Silicon Valley Visit Neglects Suffering Communities”

Save The Date: 2011 Greenlining Economic Summit

SAVE THE DATE!

Greenlining’s 18th Annual Economic Summit
“The Future of the American Dream”
Friday May 13th, 2011

Greenlining’s annual Economic Summit provides a rare opportunity for business and government leaders to connect with leaders from low-to-moderate income and minority communities to create viable solutions for the issues that affect us all. With over 1,000 participants, the Summit is the only event of its kind — a conference that represents a truly “rainbow,” cross-sector coalition.  Our Summit creates this powerful exchange of perspectives, where relationships are developed, ideas are fomented, and “win/win” solutions are a common result. Please join us for Greenlining’s 18th Annual Economic Summit titled, “The Future of the American Dream.”
Continue reading “Save The Date: 2011 Greenlining Economic Summit”

How Can “Keep Your Home CA” Help You Keep Your Home

CalHFA “Keep Your Home California” Information Session With Keynote Speaker Assemblymember Mike Eng

Please join Greenlining to learn about the new $2 billion “Keep Your Home California” program funded by the U.S. Treasury Department on March 2, 2011 from 12-2pm at 2301 Mission Street, Plaza Adelante, San Francisco, CA. To view map Click Here

In attendance will be our keynote speaker Assemblymember Mike Eng (D-Monterey Park), Chair of the Assembly Committee for Banking and Finance, and representatives from CalHFA and the major servicers. This will give community leaders and homeowners the opportunity to talk about CalHFA, and how it can be accessed and utilized by lenders and consumers.

For more information on CalHFA and its programs Click Here
Continue reading “How Can “Keep Your Home CA” Help You Keep Your Home”

“Inside Job” Wins Oscar, But Will Financial Reform Be Gutted?

Contact: Bruce Mirken, Greenlining Institute Media Relations Coordinator,
415-846-7758 (cell)

Congressional Attacks on Funding Could Cripple Protections for Consumers, Economy

WASHINGTON – Tonight’s Best Documentary win for “Inside Job” serves as a reminder of the critical importance of financial reform even as implementation of reform is under attack by congressional Republicans seeking to cut off funding, policy experts at The Greenlining Institute said tonight.
Continue reading ““Inside Job” Wins Oscar, But Will Financial Reform Be Gutted?”

Democracy on the Line: Important Events, New Video

Redistricting_2
The Greenlining Institute proudly presents “Mapping Our Future: Drawing Lines that Matter!” – a 4 minute video about Redistricting in 2011 and what’s at stake for communities of color in California. We invite you to view the filmand please share it with your networks. Our hope is that this short film will inspire you to join us for one of our many community events listed below!
Continue reading “Democracy on the Line: Important Events, New Video”