Economy | Colorlines

Economy

A group of postal workers in uniform gather on the sidewalk to honor a fellow colleague that died of COVID-19.

The USPS' Lack of Support Will Hit People of Color Hardest

The Trump administration’s contempt for the United States Postal Service is propelling its financial decline, which spells disaster for those who rely on it most.

Tracey Onyenacho May 11, 2020 5:00PM ET

Small Business. Three women of color sit at a conference table with large windows and computers.

Nine out of 10 Business Owners of Color Won’t Get COVID-19 Funding

Says Joseph Parilla of the Brookings Institute: “It stands to reason that the way the PPP was structured, approved loans tended to skew toward White-owned small businesses.”

N. Jamiyla Chisholm Apr 28, 2020 1:00PM EDT

Latinx Community. Elderly man wearing blue shirt and baseball cap accepts food from the back of a white truck, where a man in black stands handing out food.

Latinx Communities Fear Financial Ruin Because of COVID-19

“After the smoke clears up, we will see a zap of our small businesses,” said advocate Nancy Santiago Negrón.

N. Jamiyla Chisholm Apr 13, 2020 2:45PM EDT

Apartment building. Multi-floor brick building with fire escapes.

COVID-19 Has Made Rent Unpayable for Many

New data shows that 31 percent of Americans were unable to pay April’s rent because of the novel coronavirus crisis.

N. Jamiyla Chisholm Apr 9, 2020 2:30PM EDT

Puerto Rico Moves Closer to Bankruptcy Relief With New Debt Restructuring Plan

The island’s advisory board has crafted a deal that could save the island $24 billion as it pays off bondholders.

Ayana Byrd Feb 11, 2020 12:14PM EST

Red, white and blue Puerto Rican flag in front of a high rise office building

SCOTUS Considers Constitutionality of Law That Pulls Rico Out of Debt

PROMESA was created to provide Puerto Rico with relief from its then-$72 billion in debt. Now a group of hedge funds wants it to fail.

Ayana Byrd Oct 16, 2019 2:07PM EDT