FollowingFaye

Saturday, October 17, 2020

Blacks Pay More

An excerpt from Complex -

Study Shows Black Americans Are Paying More to Own Homes

BYJOE PRICE

In a new study from MIT, it has been reported that Black Americans are often forced to pay more than any other group of individuals to own a home.

CNN reports that Black homeowners on average pay more in mortgage interest, mortgage insurance, and property taxes than other homeowners. Written by Edward Golding, MIT's executive director of the Golub Center for Finance and Policy, the paper concludes that the vast difference between what Black homeowners and white homeowners pay indicates that it's considerably more difficult for Black homeowners to accumulate wealth through ownership at the same rate as white homeowners.

The differences between mortgage payments is $743 per year, mortgage insurance premiums $550 per year, and property taxes at $390 per year. Totaling $13,464 "over the life of the line," the gap could result in up to $67,320 in lost retirement savings.

"The small differences compounding over the life of the mortgage and during home ownership can add up," writes Golding. "Even if it is a few hundred dollars a year here and there, it can amount to another year's salary families would otherwise have."

https://www.complex.com/life/2020/10/black-americans-pay-more-to-own-homes-study-shows

A Hotel Where Women Reign

An excerpt from Insider -

A new hotel in DC features a Ruth Bader Ginsburg portrait made from 20,000 hand-painted tampons — and that's not even the wildest design

By Melissa Wiley

Called Hotel Zena, it features over 60 bold and provocative artworks dedicated to female empowerment and those who have fought for women's rights.

View of the exterior of Hotel Zena,
seen from Thomas Circle in northwest Washington, DC. Hotel Zena

https://www.insider.com/dc-women-rights-hotel-features-ruth-bader-ginsburg-portraity-2020-10#called-hotel-zena-it-features-over-60-bold-and-provocative-artworks-dedicated-to-female-empowerment-and-those-who-have-fought-for-womens-rights-2

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HBCU Virtual College Fair

An excerpt from the Sacramento Bee -

Black students in California offered CSU, UC alternatives at HBCU virtual college fair

BY MARCUS D. SMITH

President and CEO Dr. Alan Rowe and his wife, Donna, founded the U-CAN foundation in 1988 when looking to enroll their son in a four-year college or university. They realized the limited resources and programs for Black students and started a foundation that would shape scholars in Sacramento – and California – for the next 40 years.

The HBCU college fair has now expanded throughout the entire state of California.

The United College Action Network (U-CAN) is hosting its 21st Annual Historically Black College and University (HBCU) College Fair online, in accordance with public health regulations.

U-CAN’s goal is to give California’s Black student population the opportunity to attend a four-year university. What started with just five students admitted in 1989 has grown to thousands of students accepted to various HBCUs across the country with their on-the-spot admission annual college fair.

The fair began on Wednesday and will end on Saturday. Registration is free and available every day of the virtual fair online at ucangotocollege.org.

https://www.sacbee.com/news/equity-lab/article246425780.html

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Expelled From 10 Schools - Now Ph.D.

An excerpt from Black Enterprise -

THIS BLACK MAN GRADUATED WITH HIS PH.D. AFTER BEING EXPELLED FROM 10 SCHOOLS

by Dana Givens

Image via Tommie Mabry

The pursuit of higher education looks different for each person—with so many barriers standing in the way of obtaining a college degree for many marginalized groups. One man was able to beat all of the odds from his upbringing and is now celebrating earning his Ph.D.

As a child, Dr. Tommie Mabry was expelled from 10 different schools all before entering high school. Fast forward to December 2019, he was able to celebrate a huge milestone, finally obtaining his Ph.D. after a difficult journey of pursuing his education.

“My mom and dad [have] all my books in their house, they’re proud and they’ve come to all my graduations. Hopefully, if God says the same, they will be there at my Ph.D. graduation in December,” Mabry told Because Of Them We Can. “My mom said she didn’t think I would make it and now [I’m] the only doctor she knows.”

https://www.blackenterprise.com/this-black-man-graduated-with-his-ph-d-after-being-expelled-from-10-schools/

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The Million Man March - 25 Years Ago

From Esquire -

The Million Man March Inspired a Generation. Here Are Photos From the Historic Event.

On Oct. 16, 1995, Black men from across the country marched on Washington, D.C.

By The Esquire Editors

Attendees at the Million Man March carried signs and raised their fists in the symbol for Black power.

Oct. 16, 2020 marks the twenty-fifth anniversary of the Million Man March, an event in which Black men from across the country poured into Washington, D.C. as a sign of unity. The event was massive. More than 11,000 buses delivered passengers in the days ahead of the event, according to the New York Times, with planes and trains ferrying even more. Celebrities like Will Smith, Stevie Wonder, and Diddy (then Puff Daddy) attended, along with civil rights icons like Jesse Jackson Jr. and Al Sharpton.

“I lost my mind,” Virgil Killebrew, who attended the march, told USA Today. “It wasn’t the speeches. It was the excitement. ... You felt the truth of all these people saying, ‘Black Power.’”

A wide shot of the National Mall on the day of the March.

https://www.esquire.com/news-politics/g34385811/million-man-march-1995-photos/

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The Nation's Most Pressing Problem

An excerpt from the NY Times -

END OUR NATIONAL CRISIS The Case Against Donald Trump

BY THE EDITORIAL BOARD

Mr. Trump stands without any real rivals as the worst American president in modern history. In 2016, his bitter account of the nation’s ailments struck a chord with many voters. But the lesson of the last four years is that he cannot solve the nation’s pressing problems because he is the nation’s most pressing problem.

He is a racist demagogue presiding over an increasingly diverse country; an isolationist in an interconnected world; a showman forever boasting about things he has never done, and promising to do things he never will.

https://www.nytimes.com/interactive/2020/10/16/opinion/donald-trump-worst-president.html