costly

Yolanda, 61, owns a home in the predominantly Black 7th Ward neighborhood in New Orleans. To fix her leaking roof in 2020, she had to borrow money. “It’s one of them credit card loans,” she said. “Like interest of 30% and all that, you know. I was kind of backed up against the wall, so I just went on and made the loan, a high-interest loan.” As a sociologist who has spent the past 10 years studying housing conditions in the U.S., I led a research team that conducted interviews with homeowners who are struggling with basic maintenance such as rotting wood siding and floors, mold, crumbling brickwork, outdated plumbing and leaking ceilings. Our first paper from this project is currently under peer review. Like Yolanda, our interviewees – whom we gave pseudonyms to protect their privacy –...

Since becoming president-elect, Joe Biden has signaled that restoring America’s leadership on the world stage is among his highest priorities – an intention aptly demonstrated by his Cabinet picks. Biden’s nominees are “ready to lead the world, not retreat from it,” he said on Nov. 24. “America is back.” Perhaps nowhere is this return more urgent than in trade policy, a topic I follow closely as a scholar of international political economy. Over the past four years, President Donald Trump has ripped up trade deals, launched damaging trade wars and gunked up the workings of international trade organizations. All of this has ceded global economic leadership to China, as we can see from the trade negotiations Beijing recently oversaw with 14 other Asian nations. In November, the countries ...

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A Legacy Of Racism In Home Ownership And Making Costly Repairs Endured By Black Women

Biden Will Find It Hard To Undo Trump’s Costly ‘America First’ Trade Policy – Here’s Why