Discriminatory practices have also affected who owns property as well as land. In 2017, the racial homeownership gap was at its highest level for 50 years, with 79.1% of white Americans owning a home compared to 41.8% of Black Americans. This gap is even larger than it was when racist housing practices such as redlining, which denied Black residents mortgages to buy, or loans to renovate, property were legal. … [Read more...] about Could collective ownership of a “Black commons” help advance economic justice?
Department economic development
In a letter to the mayor sent May 30, New York City Council Speaker Cory Johnson and other council members called for every city agency to identify meaningful savings they could make, so the nearly $9 billion budget gap is made up with 5-7% cuts from each department, rather than disproportionately larger cuts for a few agencies. “No proposed cut should be one that would weaken the social safety net or hurt vulnerable New Yorkers,” they wrote. An April letter sent to de Blasio from the Communities United for Police Reform pointed out that in 2019, when the city allocated $6 billion to the NYPD, it allocated just $2.1 billion to homeless services, $1.4 billion to housing, preservation, and development, and $1.9 billion to the health department. … [Read more...] about As cities make deep cuts because of COVID-19, police departments are keeping their funding
The drug is believed to be most effective in treating patients earlier in the course of disease than dexamethasone, which reduced deaths in patients requiring supportive oxygen and those on a ventilator. Still, remdesivir in its currently formulation, is only being used on patients sick enough to require hospitalization as a five-day treatment course. … [Read more...] about Gilead prices COVID-19 drug remdesivir at $2,340 per patient in developed nations
The idea of the ‘One District, One Product’ is derived from the ‘One Village, One Product’ movement (Isson Ippin Undō) in Japan. The movement was launched in the Otia prefecture of Japan in 1979 and was aimed at revitalising the village economy and social communities. Similarly, ODOP aims to spur the local economy at the district level. Under it, districts shall specialise in the manufacturing and trade of a selected commodity in which it has a competitive advantage due to availability of local resources and traditionally skilled labour force. … [Read more...] about Policy | Modi’s call to empower every district is an economic and cultural opportunity
The contraction in the economy may not be much as is being anticipated by various economists, said veteran banker and former head of Asian Development Bank KV Kamath. "The landing will not be as hard as anticipated. Rebound is faster than what most of us thought would be. The economy may see a shallow U-shaped recovery," he told Network18 Editor in Chief Rahul Joshi in an exclusive interview.Measures taken by the government have worked well for the economy, he added, and also commended the Aatmirbharat Bharat scheme. … [Read more...] about Exclusive | KV Kamath says economic contraction not as bad as estimated, rebound faster than anticipated