Tag: Subprime Mortgage Crisis

Starbucks, Goldman Sachs, ACLU and Others Pledge to Tackle Racial Wealth Gap by Boosting Black Employment and Business Investments

Photo: Shutterstock Some of the biggest companies in America say they will put their considerable might behind a mission of closing the massive wealth gap between Black people and white people in this country. Advertisement According to analysis by Brookings Institute, the median wealth held by Black households in the U.S. is not even 15 […]

Read More

Too Much Choice Is Hurting America

Dan Patrick, the lieutenant governor of Texas, is clearly what my father would have called a piece of work. Early in the pandemic he made headlines by saying that older Americans should be willing to risk death so that younger people could “get back to work.” More recently, he suggested that Texans who found themselves […]

Read More

In Praise of Janet Yellen the Economist

It’s hard to overstate the enthusiasm among economists over Joe Biden’s selection of Janet Yellen as the next secretary of the Treasury. Some of this enthusiasm reflects the groundbreaking nature of her appointment. She won’t just be the first woman to hold the job, she’ll be the first person to have held all three of […]

Read More

Making the Most of the Coming Biden Boom

The next few months are going to be incredibly grim. The pandemic is exploding, but Donald Trump is tweeting while America burns. His officials, unwilling to admit that he lost the election, are refusing even to share coronavirus data with the Biden team. As a result, many preventable deaths will occur before a vaccine’s widespread […]

Read More

How Trump Maneuvered His Way Out of Trouble in Chicago

The financial crisis was in full swing when Donald J. Trump traveled to Chicago in late September 2008 to mark the near-completion of his 92-floor skyscraper. The fortunes of big companies, small businesses and millions of Americans — including the Trumps — were in peril. But the family patriarch was jubilant as he stood on […]

Read More

How to Avoid a Post-Recession Feeding Frenzy by Private Developers

The last time New York City faced a cataclysmic economic threat, city leaders responded by cutting the social safety net and infrastructure investment, laying off thousands of workers and turning over public land to developers who got big tax breaks. Those leaders have been called “champions” who saved New York City after it almost went […]

Read More

How to Navigate the Coronavirus Real Estate Market

There are signs that pockets of the U.S. housing market are heating up, particularly in the suburbs and fashionable exurbs, to which people have been fleeing to escape the coronavirus. Some first-time buyers are feeling a sudden hurry to buy, fearing higher prices if they wait. But they are also worried about the long-run outlook […]

Read More

The Housing Boom and Bust, Seen From the Front Lines

UNDERWATERHow Our American Dream of Homeownership Became a NightmareBy Ryan Dezember Back in the mid- to late 2000s, there was a housing boom followed by a housing bust. You probably remember it. It was a terrible time that cost millions of Americans their homes. Some couldn’t afford their mortgages. Many others walked away when the […]

Read More

Personal Finance Lessons From the Pandemic

When you’re essentially confined to your house for weeks, you have a lot of time to think. I thought most about preserving the health and safety of friends and family members. But soon I found myself obsessing about my own finances: Like so many others, I had a big problem. As a freelance writer, I […]

Read More