With these words, the president-elect, Joe Biden, set a new tone and a new mood in Washington. No longer will the bully pulpit of the White House be used to spew lies and insults or to fan division and hatred. The White House will once again call on the “better angels” of Americans and not our “darkest impulses.”
Today, former Vice President Joe Biden and Senator Kamala Harris announced their support of Congresswoman Maxine Waters who is running for reelection to Congress from California’s 43rd Congressional District. The 43rd Congressional District of California includes a large part of South Central Los and the diverse cities of Gardena, Hawthorne, Inglewood, Lawndale, Lomita and Torrance.
“Yet even today, with all those credentials and as one of the leading executives on Wall Street,” wrote Raymond J. McGuire, Citi’s Vice Chairman and Chair of its Global Banking and Capital Markets, “I am still seen first as a six-foot-four, two-hundred-pound Black man wherever I go — even in my own neighborhood. I could have been George Floyd. And my wife and I are constantly aware that our children could have their innocence snatched away from them at any given moment, simply for the perceived threat of their skin color.”
America’s nagging racial wealth gap has been the focus of many research reports and economic policy debates. Now new research analyzes the strong connection between disproportionate wealth and financial services and products that are either shared or denied with consumers of color.
For years, and particularly in recent months, major news outlets have heralded the nation’s robust economic recovery. From rising corporate profits, to lower unemployment, or rising stock prices on Wall Street, many consumers might conclude that financial stability not only returned after the Great Recession but continues to climb.