Category Archives: Money & Finance

Decline in black home ownership must end

It doesn’t require a stretch of the imagination to assume that the rate of home ownership among African-American Memphians, who comprise two thirds of the the city’s population, has a profound effect on the city’s racial gaps in wealth, education and living conditions. The startling news that the rate dropped from 54 percent in 2005… Read More »

Black homeowners struggle as US housing market recovers

Yul Dorn and his wife raised their son and daughter in a three-bedroom home crammed with family photos, one they bought in a historically African-American neighborhood in San Francisco more than two decades ago. Today, the couple is living in a motel after they were evicted last year, having lost a foreclosure battle. A second… Read More »

The devastation of Black Wall Street

In 1921, Tulsa, Oklahoma’s Greenwood District, known as Black Wall Street, was one of the most prosperous African-American communities in the United States. But on May 31 of that year, the Tulsa Tribune reported that a black man, Dick Rowland, attempted to rape a white woman, Sarah Page. Whites in the area refused to wait… Read More »