Less than 10 years after all of General Motors’ EV1s were recalled and destroyed, electric vehicles are back, and being looked to as a major part of the solution to climate change,air pollution, and America’s dependence on oil. But serious questions remain about how large an impact electric vehicles will have, and whether those benefits will reach all communities.
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CFPB is a new U.S. government agency whose job is to protect Americans in their dealings with services like mortgages, credit cards, payday lenders and many others. The idea is to make sure that when you sign up for a loan, credit card, etc., you know what you’re signing, with no tricks or traps. CFPB will also go after financial firms that break the law.
CFPB es una nueva agencia gubernamental la cual su trabajo es proteger a los estadounidenses en sus tratos con servicios como la hipoteca, tarjetas de crédito, prestamistas y muchos otros. La idea es asegurar que cuando usted se registre para un préstamo, tarjeta de crédito, etc., usted sepa lo que está firmando, sin trucos o trampas. El CFPB también ira tras firmas financieras que rompan la ley.
This is the Greenlining Institute’s sixth consecutive study of diversity of the boards of directors in major banks and financial institutions. The context for our most recent reports, especially since 2008 and continuing to this day, has been one of uncertainty for financial institutions, the American public, and the overall economy.
Communities of color have a huge choice to make. We can either position ourselves to be seen as a vibrant solution to the nation’s economic woes, or we can be silent and brace for the backlash. At Greenlining, we have chosen to be part of the vibrant solution. We hope that you will join us.
Always on the cutting edge, California and the companies that operate within it have had a long tradition of recognizing that diversity is an integral part of good business. Perhaps nowhere is this culture more apparent than in the groundbreaking supplier diversity efforts taken on by its utilities and telecoms.
Because households of color hold a disproportionate share of their net worth in home equity (at 61%), the disparate loss of home equity as a result of the foreclosure crisis is exacerbating the racial wealth gap. Today, almost half of all foreclosures in California have involved Latino families, and 21.6% of African American borrowers are at imminent risk of foreclosure. Analysts predict that the indirect wealth loss nationally from the foreclosures will reach $193 billion for African American and $180 billion for Latino communities by 2012. Greenlining estimates that more than half of African American, Latino, and some sub-groups of Asian/Pacific Islander “homeowners” in California are currently underwater. These figures tell us that the foreclosure wave in 2011 and 2012 will have an even bigger disproportionate impact on communities of color.
The health care debate in America is heating up again due to efforts by some in Congress to repeal or defund the health care reform law, the Patient Protection and Affordable Care Act (Boehner et. al., 2011). One factor that is not often discussed within the health care debate is the influence of race on people’s attitudes towards the law. Last August, U.S. Rep. David Scott (D-Ga.), pointing to numerous racially charged threats his office had received, argued that racism was one of the issues driving the health care debate (Capelouto, 2009).
With newly-elected Gov. Brown set to deliver the State of the State Address, the Greenlining Institute emphasizes the issues that matter most to the constituency that voted him into office. The State of the Majority report outlines important challenges facing voters of color in California. Well over 50% of California’s populace is already people of color and by 2040, 70% of the state’s population will be non-white. We urge all of California’s state leaders, especially Gov. Brown, to be responsive to the issues most important to California’s growing majority. These are issues that must be addressed in order to achieve a more sustainable California that can continue to offer the California Dream.
California became a majority minority state in 2000, when for the first time just over half of the state’s population was nonwhite. Recent projections from the California Department of Finance show that in 2040 people of color will represent nearly 70% of the state’s population.