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Here’s Some History to Help Understand the Racial Wealth Gap

A company of 4th Regiment U.S. Colored Troops, (USCT) Infantry/Wikimedia

Next month is Black History Month. We will hear stories about black Americans and their successes in this country against the barriers (slavery, Jim Crow, poll tax just to name a few) thrown in their paths. Yet for every success story, there is still the nagging fact that the median net wealth of white households is 12.2 times greater than that of black households.

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Making the Same Mistake Twice: Why the Fed Shouldn’t Raise Rates

Image via Wikimedia.

Many are convinced that the November Employment Report from the Bureau of Labor Statistics was positive enough to finally give the Federal Reserve Open Market Committee (FOMC) the room to raise interest rates.  The report extended the record straight months of job gains, and because the numbers for the previous months were adjusted upward, the report made the last two months more positive.

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So What's the Deal with the Minimum Wage, Anyway?

So What's the Deal with the Minimum Wage, Anyway?

It's been a year of huge momentum in the efforts to raise the minimum wage to a living wage. Workers across the country have been joining together to say that the minimum wage isn't enough and that all workers deserve a chance to earn enough money to support their families. The minimum wage seems like a very simple topic at first glance, but there's a lot more going on that most people are aware of, so the online magazine Eater has created a beautiful interactive guide to what you need to know about the minimum wage.

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On World AIDS Day, Here Are 12 Reasons TPP Is Bad for People with AIDS

Photo courtesy bastique on Flickr

December 1 is World AIDS Day, a day described as "an opportunity for people worldwide to unite in the fight against HIV, show their support for people living with HIV and to commemorate people who have died." The Trans-Pacific Partnership (TPP) is a complex trade deal that we're still trying to figure out all the ramifications of.

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Why Inequality Matters to the Fed

Photo courtesy Thomas Hawk on Flickr

The world’s mainstream consensus has become that inequality is a problem facing nations, from the think tank of the advanced democracies—the Organization for Economic Cooperation and Development (OECD); the important agents for funding global development—the International Monetary Fund (IMF); to the world’s private economic elites—the World Economic Forum. Conservatives wish to push back against this consensus, in hopes of reviving a view that only growth matters. Of course, such a view is obviously wrong for three important reasons.

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