Progressive Media Advocates
Kwazi Nkrumah: For years the banks, real estate agents and investors in real estate securities on Wall Street were making money hand-over-fist. They did all this while pretending to break from their previous established history of gross discrimination and red-lining against the disproportionately non-white borrowers whose limited financial resources forced them into “sub-prime” status in the first place.
So far, here in the U.S., over 4 million homes have been foreclosed on since mid-2006. Because consumer spending drops drastically whenever housing values decline, the entire U.S. economy has been in a tail-spin throughout this period. Over 10 million jobs have been totally eliminated due to a dramatic drop in consumer sales and the resultant decline in production.
This week, by a majority vote, the California Legislature voted to raise some very modest revenues that no one but the most rabid hater of his fellow man could object to. A $1.50 on a bottle of alcohol. $15 added to a vehicle license fee. Revenues that would make it possible for the most vulnerable [...]
Eric Garcetti Wins Los Angeles Mayoral Race! See outcome of the Los Angeles city election here.
Randy Shaw: Now that cities offer walkable, bicycle-friendly, public transit-available neighborhoods with desirable restaurants and a high quality of life, the poor are being shunted to car-dependent suburban areas in economic decline.
Julie Driscoll: Call me crazy, but I believe firmly that the statutory laws are in place for a reason – to prevent the exploitation of young men and women who don’t have the ability to make informed decisions, who don’t have the ability to “consent.”
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