The housing crisis, as seen by blacks and whites
March 31, 2008
Algernon Austin, Daily Voice
Whites and blacks have very different readings of what happened to produce the housing crisis. Whites tend to be more sympathetic to the tough-love approach espoused by Senator John McCain while blacks tend to think of the history of racial discrimination in housing.
How the country responds or does not respond to the housing crisis could add to the long list of racial grievances. As Senator Barack Obama so effectively argued, race can play a big part in our perception of the world. My sense is that, to a degree, whites and blacks have very different readings of what happened to produce the housing crisis.
If Obama vs. McCain, will Southern white Dems support Obama?
March 31, 2008
Cash Michaels, Louisiana Weekly
There was good news, and bad news in Sen. Barack Obama’s convincing March 11 win in Mississippi’s Democratic presidential primary.
African Americans, who doubted Obama’s candidacy just six months ago, gave him an astounding 92 percent of their votes - the most of any primary contest thus far - in his 61 to 37 percent blowout of rival Sen. Hillary Clinton [D-NY].
That mirrors similar trends in Southern primary states like South Carolina, Georgia and Louisiana with significant Black voting populations.
Clinton campaign head made $200,000 with subprime lender
March 31, 2008
GLENN THRUSH, Newsday
Hillary Rodham Clinton’s campaign manager, Maggie Williams, earned about $200,000 on the board of a Long Island subprime lender that charged prepayment penalties - a practice that Clinton, a critic of the subprime industry, now seeks to eliminate.
Williams, who took over the reins of Clinton’s campaign in early February, served as a director on the board of the Woodbury-based Delta Financial Corp. from April 2000 until the firm declared bankruptcy in December, according to Securities and Exchange Commission records.
She was recruited by former New York City Deputy Mayor Bill Lynch, a Delta consultant. Her assignments were to create a new code of “best practices,” and to improve the company’s crisis management operation in the wake of state and federal predatory lending probes that resulted in a $12 million payout to borrowers.
New Backing for Obama As Party Seeks Unity
March 31, 2008
JACKIE CALMES, Wall Street Journal
Slowly but steadily, a string of Democratic Party figures is taking Barack Obama’s side in the presidential nominating race and raising the pressure on Hillary Clinton to give up.
Sen. Amy Klobuchar of Minnesota is expected to endorse Sen. Obama Monday, according to a Democrat familiar with her plans. Meanwhile, North Carolina’s seven Democratic House members are poised to endorse Sen. Obama as a group — just one has so far — before that state’s May 6 primary, several Democrats say.
HUD Secretary Alphonso Jackson to Announce Retirement
March 31, 2008
Staff Writer, BlackPoliticsontheWeb.com
Housing and Urban Development Secretary Alphonso Jackson is expected to announce his retirement today. Recently, two senators - Christopher Dodd of Connecticut and Patty Murray of Washington sent a letter to President Bush asking that Secretary Jackson resign due to allegations of wrongdoing, which the senators felt made him ineffective.
Jackson was formerly the President and Chief Executive of the Dallas Housing Authority during President Bush’s first term as Texas governor. HUD has scheduled a 10 a.m. announcement.
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