The U.S. economy improved in the second quarter of 2022. Real GDP fell by 0.9% in Q2 after falling 1.6% in the first. Personal consumption expenditures (PCE), the value of the goods and services purchased by, or on the behalf of, “persons” who reside in the United States, increased $181.1 billion (1.1 percent). The PCE […]
The chart above shows minority bank assets by ethnic group, by year from 2001 to 2021. It details Hispanic bank assets falling relative to Asian bank assets starting in 2005. The chart above shows minority bank assets as a percentage of 100% by year from 2001 to 2021. It shows a decline in Hispanic bank […]
The number of minority banks in the US held steady at between 168 and 174 in the second quarter of 2022. Asian owned banks, concentrated in California, hold 51% of assets, with 77 institutions., Hispanic banks, concentrated in Florida and Texas, number 33 institutions and hold 42% of assets, followed by Women-owned banks (17 institutions […]
Black women die in childbirth at disproportionate rates compared to their white counterparts. Research conducted by the Centers for Disease Control and Prevention (CDC) clearly shows that social determinants – access to nutrition, transportation, and healthcare——are crucial factors. See: https://www.impactinvesting.online/2022/06/fixing-abortion-and-black-maternal.html
BankThink. American Banker Newspaper, June 22, 2022 Repeal CRA The Community Reinvestment Act was enacted in 1977 “to address inequities in access to credit for low- and moderate-income individuals and communities.” The law should be repealed and replaced. Like hanging a crystal chandelier in a lean-to shack, any efforts to revise the law are a […]
As reported in Black Enterprise Magazine, “While multiple reports have shown rising interest in financing Black-owned small businesses, a new study shows an underlying problem still remains. According to the “State of Minority Business, March 2022” report by Creative Investment Research, there has been less understanding of the core issues small Black-owned firms face in […]
From Chap 2: Thriving As a Minority-Owned Business in Corporate America – Building a Pathway to Success for Minority Firms. https://www.impactinvesting.online/2022/04/federal-government-spending-with-black.html
Black people need a truly collaborative and cooperative effort — in and by the Black community — a community often trained to be cutthroat to each other given the paucity of resources at its disposal.