Tag: economy

What we can learn from MLK for a Better Post-Coronavirus Economy
SOCIAL JUSTICE

What we can learn from MLK for a Better Post-Coronavirus Economy

The civil rights icon fiercely advocated for redistributive wealth and social democracy. Fifty-two years after Dr. Martin Luther King Jr. was gunned down in Memphis, April 4, 1968, his radical economic agenda reverberates through a pandemic-ridden nation at a prophetic tilt. “If the society changes its concepts by placing the responsibility on its system, not on the individual, and guarantees secure employment or a minimum income, dignity will come within reach of all,” King wrote in his book Where Do We Go From Here: Chaos or Community. As the economy grinds to a halt to flatten the COVID-19 curve, the triage of policies designed to fill the yawning holes in the nation’s social safety net looks a lot like what Dr. King ordered. The $2 trillion congressional emergency relief bill, CARE...
What happens to charitable giving when the economy falters?
Journalism

What happens to charitable giving when the economy falters?

As the new coronavirus pandemic sends the economy into a tailspin, Patrick Rooney, an economist at the Indiana University Lilly Family School of Philanthropy, and Jon Bergdoll, a philanthropy statistician, explain what usually happens to giving during recessions. Do Americans give more to charity when more people are in need? No. Overall, for the last 64 years total giving has grown at an average annual rate of 3.3% adjusted for inflation. But the picture changes if you compare what’s happened when the economy has grown versus when it has contracted. During years with economic growth, average giving has increased by 4.7%. During the years marked by economic downturns, average giving has actually decreased by 0.5%. During economic downturns, more people are out of work and need a hand. But...
TECHNOLOGY

The New Tech Economy

People interact with a crowd-sourced digital projection titled 'Project:Dome - OCISLY' by Lawrence Loh and Sebastien Jurkowski during the Singapore Night Festival 2019 media preview in Singapore. It’s not news that the tech entrepreneur economy is in full swing. From the online markets for banking, education, publishing, artistic productions and crafts, there is no shortage for uses of the internet for marketing freelance skills to the larger world market, irrespective of national boundaries and customs. One can buy hand-made items on Etsy or industrial-made technology from Japan with the click of a few buttons and international payment systems that ensure that items purchased will be guaranteed payment or reimbursement if not up to snuff for the seller and buyer respectively. From th...
BET Founder on the FCC, the economy and the future of black America
IN OTHER NEWS

BET Founder on the FCC, the economy and the future of black America

The FCC on Thursday took the first step toward cable set-top box reform. One vocal proponent of the new rules is Bob Johnson, who founded Black Entertainment Television. Johnson told Yahoo Finance that the FCC’s decision would make it easier for independent and diverse content providers to reach their audience. Source: BET Founder on the FCC, the economy and the future of black America - Yahoo Finance