Skip to main content

Posts

Showing posts with the label Black wealth

Black Wealth Discussion at SCLC Annual Conference, by Papa Owusu, Franklin and Marshall University, Impact Investing Intern,

        At the SCLC Annual Convention, Washington, DC, July 13, 2018. Left to right - Mr. Kebede, Virginia Tech, Mr. Owusu, Franklin and Marshall College, Dr. Steele, Executive Director, SCLC, Mr. Ye, Johns Hopkins University, and Mr. Brand, University of Maryland. On Friday, July 13, 2018, the Southern Christian Leadership Conference (SCLC) held a panel discussion on the state of black wealth in America. The panelists were Samantha Sanders, Director of Government Relations at the Economic Policy Institute, David D. Rixter, Principal  of HCR Consulting L.L.C. and William Michael Cunningham, Founder, Creative Investment Research. The panel was moderated by Kevin B. Kimble, Esq., DC Bureau Chief of SCLC. William Michael Cunningham speaking at the SCLC Convention The panelists discussed a myriad of reasons for the pervasive black-white economic gap to mark the 50th anniversary of the Kerner Commission that identified racism as the reason for the black-white economic gap. A k

Gentrification and Black People in DC

Our economic research reveals the following:  there is not a single city in the United States of America where the majority of Black people resident before gentrification have been better off post-gentrification. Not one. In every single case, Black income and wealth are lower, significantly so. I mention this because of a comment I made to DC Mayor Bowser at a Forum on Development in Anacostia, Washington, DC. Here is my original comment before the DC City Council:  https:// youtu.be/rlr_DomOais The Mayor appears to believe that this is simply not an issue. My comment and the Mayor's response can be heard at minute 42:00 here: http://thekojonnamdishow.org/audio/#/shows/2015-04-02/d-c-mayor-muriel-bowser-a-forum-in-anacostia/87938/@0:00

Family Properties: Race, Real Estate and the Exploitation of Black Urban America

We attended a conference titled "Diversity in Financial Services: The Impact of Dodd-Frank" held from June 22-24, 2011 at the Westin Arlington Gateway, Arlington, VA. We opened the conference by speaking on a panel covering Dodd/Frank Section 342. Moderating the panel was Mikail Moore, Chief of Staff, Congresswoman Maxine Waters, US House of Representatives. Other panelists were Darlene R. Slaughter, Vice President, Chief Diversity Officer, Fannie Mae and Leslie R. Crawford, Deputy Director, Federal Deposit Insurance Corporation. The speaker at General Session IV was Beryl Satter, author of Family Properties: Race, Real Estate, and the Exploitation of Black Urban America . She discussed the current state of the mortgage markets and placed recent history in context. Her book is perhaps the best exploration of race and the urban real estate market. This is a rare and powerful book which combines socioeconomic trends, the history of the civil rights movement