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Promoters plugged crypto as the key to accelerating Black America’s path to prosperity. It was going to level the playing field once and for all. The world of cryptocurrency was painted as a welcoming place for Black investors leery of traditional finance, a golden opportunity to build wealth and achieve financial empowerment. There was lots of talk of big returns, and few warnings of risks. Exuberance took hold.
But when markets began to crumble, Black people were left holding the bag. Many investors who came in after 2020 are now underwater; some have said goodbye to their life savings. Last in, hardest hit.
Yellen wanted this to be the best of all possible worlds, but the best world she could conceive of was terrible.
The post In Confidential Memo, Treasury Secretary Janet Yellen Celebrated Unemployment as a “Worker-Discipline Device” appeared first on The Intercept.
Community activism is an established part of Britain’s contemporary left: groups like ACORN, London Renters Union, and Living Rent are well known, and many of us will be familiar with their work. But what about the history of this form of struggle? These groups didn’t come from nowhere, but beyond word of mouth, the record […]
The post Hide ‘n Sneak appeared first on scheerpost.com.
What makes a good society? Is it a guaranteed right to pursue happiness, as our Declaration of Independence proclaimed? Perhaps, as Gandhi said, it’s providing the poorest and most vulnerable among us with the means to control their own lives. But what happens when it’s the pursuit of happiness that makes someone most vulnerable? Let me introduce you to my child, my one and only. They — and, no, it wasn’t as hard as I expected to get used to the gender-neutral plural pronoun that they prefer — are brown-skinned, Mexican-American, secular-Jewish, and gay-married. In a country where Donald Trump is still admired by some 40% of the public, don’t imagine for a second that my child, with all those... Read more