National Public Radio (NPR)
By: Cheryl Corley
November 20, 2009
The country's spiraling unemployment rate is taking a particular toll on men as the recession continues to roil male-dominated industries, such as manufacturing and construction.
USA TODAY
By: Christine Dugas
November 19, 2009
Staci Schubert's career has taken her from New York to California, from graphic designer to website designer to sales executive.
The New York Times
By: David Streitfeld
November 19, 2009
The economy and the stock market may be recovering from their swoon, but more homeowners than ever are having trouble making their monthly mortgage payments, according to figures released Thursday.
NeighborWorks
November 20, 2009
CFED (Corporation for Enterprise Development), a long-time partner of NeighborWorks America, celebrated its 30th anniversary with an Innovation Summit and a Gala in Washington, DC, with hundreds in attendance.
The Wall Street Journal
By: Susanne Craig and Scott Patterson
November 18, 2009
Goldman Sachs Group Inc. said it is launching a $500 million small-business assistance program that includes an advisory panel with billionaire investor Warren Buffett.
Reuters
November 18, 2009
At least one in two children in 17 small counties in the United States are living in poverty, according to a U.S. Census survey measuring income and poverty in small areas and school districts.
Black Enterprise.com
By: LaToya M. Smith
November 16, 2009
There may be grants to help you buy your home--if you know where to look
The Herald Sun
By: William Schweke
November 18, 2009
The Obama Administration already has a remarkably full plate -- health care reform, cap-and-trade climate legislation, financial regulation, immigration policy, et cetera, et cetera. And that's just on the domestic policy front.
EurekAlert!
November 17, 2009
With job recovery nowhere in sight, financial assets decline along with economic mobility
Waltham, MA--Today the Institute on Assets and Social Policy (IASP) at Brandeis University's Heller School released a new research and policy brief which reports that four in ten U.S. families lack sufficient assets to pay for essential expenses in the face of unemployment.
IASP created a new approach to measuring asset poverty that includes unemployment benefits and compares families' asset holding to their ability to pay for essential household expenses and also to invest in future opportunities for mobility, such as a home purchase, business start-up, retraining, or education.
The IASP research and policy brief also shows that less than half of all U.S. families have sufficient savings to address essential expenses and invest in opportunities for mobility when faced with a job loss. Moreover, many more households of color lack the financial assets to meet their expenses during periods of unemployment. Sixty-six percent of African American and Latino households are not asset secure, and only 20 percent of households of color have financial assets to invest in opportunities for mobility. While most American families lack sufficient wealth to invest in education, housing, business ventures, or training for better jobs, the dramatic distance that marks families of color is a reflection of the profound, deep, and systematic racial wealth gap.
"The wealth gains of families of color over the past two decades are being savaged by the Great Recession, illustrating the persistence of the racial wealth gap in the U.S.," said Thomas Shapiro, IASP Director and co-author of the report.
Unemployment rates topping 10 percent are the highest in 26 years. Families are working more hours and taking on more part-time jobs. At the same time, unemployment benefits are running out for many families. Faced with the worst recession since the Great Depression, many U.S. families have no choice but to draw on inadequate savings to pay for essential household expenses. Many of these families are at risk of losing their housing. They may also cut back on food and healthcare to make ends meet.
"This timely and incisive report documents the lack of financial capacity of families to weather tough times. In this financial crisis, millions of American families have used up their nest-eggs, with job and wage recovery nowhere in sight," said Robert Kuttner, co-editor of The American Prospect, a Senior Fellow at Demos, a nonpartisan public policy and advocacy organization, and Author of "Obama's Challenge."
"Now, more than ever, Tom Shapiro, Melvin Oliver and Tatjana Meschede, turn our attention toward what it will take to make America again, the land of opportunity," Said Bob Friedman, Chair, Corporation for Enterprise Development (CFED).
The Houston Chronicle
By: Mike Snyder
November 16, 2009
Residents of mobile home park band together to buy the land they live on
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