Press Archive - Action Center on Race and the Economy

The trillion-dollar conglomerate’s new show, based on user clips from digital doorbell division Ring and hosted by Wanda Sykes, is blasted by privacy advocates and Democrat Ed Markey: “This is no ‘America’s Funniest Home Videos’” Read the full story here.

Private equity money is pouring into the Phoenix real estate market, turning first-time homebuyers into renters. Read the full story here. Javier Vidana started out as a real estate agent in 2013, when Arizona’s Salt River Valley seemed wide open.

Bloomberg

Crypto Gifts Surge 1,082% at Fidelity’s Philanthropic Powerhouse

Ben Steverman and Sophie Alexander

Feb 2022

Donors can avoid capital-gains tax on non-cash investmentsLargest U.S. grant-maker has faced scrutiny as assets balloonRead the full story here. As cryptocurrencies boomed last year, boosting the wealth of investors in the asset class, so did the amount of

Jacobin

Wall Street Devastated America. One City Is Pushing Back.

Matthew Cunningham-Cook

Feb 2022

A new lawsuit challenges an interest-rate scheme that critics say helped Wall Street loot communities across America. Read the full story here. ith its subtropical climate and proximity to Disney World, Orlando, Florida has become one of America’s fastest growing

ProPublica

When Private Equity Becomes Your Landlord

Heather Vogell

Feb 2022

Amid a national housing crisis, giant private equity firms have been buying up apartment buildings en masse to squeeze them for profit, with the help of government-backed Freddie Mac. Meanwhile, tenants say they’re the ones paying the price. Daniel Cooper

Politico

Biden moves to remake the Fed

Victoria Guida

Jan 2022

Biden on Friday tapped two Black economists — Lisa Cook and Philip Jefferson — for open seats on the board. Read the full story here. President Joe Biden’s latest nominations to the Federal Reserve Board mark a major victory for

Bitcoin and similar blockchain-based currencies require huge amounts of power, predominantly generated from fossil fuels Read the full story here. The incoming mayor of New York City thinks cryptocurrency and blockchain technology are the future. Eric Adams has advocated to

Mashable

It’s time to imagine a world without Facebook

Christianna Silva

Nov 2021

People are considering logging off for good. Should they? Read the full story here. In early October, Facebook shut down for six hours. No one in the world could access the site, or any of the sites they owned,

Ms. Magazine

We Need More Women in Leadership at the Fed: Personnel Is Policy

Vasudha Desikan and Solana Rice

Oct 2021

The white male status quo leadership at the Federal Reserve—the U.S.’s central bank—is clearly not working. It’s time for women to be at the helm of Fed leadership. Read the full story here. Senior officials at the Federal Reserve, our nation’s

Formed by Jack Poulson and other Silicon Valley dissidents, Tech Inquiry uncovers the tech industry’s role in weaponry and surveillance. Read the full story here. Jack Poulson has developed an encyclopedic knowledge of how tech companies are evolving into military