Building a Fair Recovery: From Crisis to Opportunity

Workshop Information
Event Date: 
Wed, 06/23/2010 - 10:00am - 12:00pm
Event Location: 
WSU Student Center: 786
Full Description: 

The brunt of unemployment, layoffs, social service and education budget cuts, foreclosures, and bankruptcies has been borne by groups already marginalized by the mainstream economy. In particular, the racial impacts of the recession and housing crisis have been extreme. While one in ten workers are unemployed nationally, one in six Black workers and one in eight Latino workers are unemployed. Nearly half of all subprime loans went to African American and Latino borrowers, even though many qualified for prime loans. African American and Latino homeowners are expected to lose $164 ‐ $213 billion in assets due to the housing crisis.

The $787 billion stimulus bill was designed to create and preserve jobs and to help those most impacted by the recession. We are committed to working with states and communities to track the recovery effort and ensure that the recovery process is equitable. Using a series of maps, graphs and charts in powerpoint and GIS technology, we will illustrate the uneven impact of the economic crisis in terms of employment, poverty, homeownership, etc. Has ARRA provided relief to our hardest‐hit communities? Has ARRA worked to promote greater racial and socioeconomic equity in our nation? One year into the implementation of ARRA we find mixed results, and offer recommendations reducing our racial and economic divide using an approach called ‘targeting within universalism.’

Organizer Name: 
Stephen Menendian
Organizer Email: 
steve.menendian@gmail.com
First Sponsoring Organization Name: 
The Kirwan Institute for the Study of Race and Ethnicity
Language(s): 
Engilsh
Tracks: 
Capitalism in Crisis: tearing down poverty, building economic alternatives & a solidarity economy
Strategies for Building Power & Ensuring Community Needs (housing, education, jobs, clean air…)
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