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Unemployment and Inflation Rates are Falling…Why Aren’t We Celebrating?

For all of 2023, overall unemployment has been below 4 percent.  These rates are lower than they have been for 50 years.  People should be celebrating these low rates, but instead they are surlily looking askance at the Biden-Harris administration and their accomplishments.  You don’t have to do much more than scratch a potential voter […]
The post Unemployment and Inflation Rates are Falling…Why Aren’t We Celebrating? first appeared on BlackPressUSA.

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For all of 2023, overall unemployment has been below 4 percent.  These rates are lower than they have been for 50 years.  People should be celebrating these low rates, but instead they are surlily looking askance at the Biden-Harris administration and their accomplishments.  You don’t have to do much more than scratch a potential voter to find a disgruntled citizen.  The statistics don’t much matter to them.  It’s perception that counts more than anything.  And perception is skewed by micro experiences.  The sandwich at the fast food restaurant costs nearly $20 (not to mention you had the priciest sandwich, double fries and a big drink.  The standard meal with drink and fries might have cost you $8); The electric bill was way too high.

It cost you more to fill up your tank than it did three years ago (but it was cheaper than last year, right). People are angry and looking for someone to blame.  The President of the United States is their first target, although the President can’t be blamed for all the economic woes that people are experiencing (or in some cases not experiencing).

It is true that the unemployment rate released by the Bureau of Labor Statistics every first Friday is an imperfect measure of our employment situation.  If you adjust the overall unemployment rate, at 3.7 percent, for those who have dropped out of the labor market, work part-time when they want to work full-time, and consider other measures of underutilization, the unemployment rate looks more like 7 percent.  For African Americans, our 5.3 percent looks more like 10.96 percent, which is a Depression level rate for whites.  Everything is better than it was a year ago and before the beginning of COVID.  But better doesn’t mean equal or equitable.  Better isn’t good enough.

The same is true with the inflation narrative.  A year ago, we were battling an inflation rate of more than 9 percent, and people were panicking about rising prices, supply chain issues, and predatory profiteering.  Now, the rate hovers around 3.2 percent.  Progress, no?  But the pricing that hits most of us hardest, day to day, is food prices.  Food prices are up 25 percent since the beginning of the pandemic.  The groceries that cost $100 two years ago cost $125 now.  People feel it with specific items they are buying, eggs and milk for example.  Economists can talk about good news, but too many people aren’t feeling good news in their pockets.

People aren’t celebrating because they want the right now, not the long run.  Unemployment rates are lower than ever (but not low enough for Black people), inflation is dropping (but not quickly enough for those who are income challenged), and employment means little when wages are low, as they are for the millions who earn less than the federal minimum wage of $7.25 an hour, or less than $15,000 a year for someone who works 40 hours for 50 weeks.  Even at $15 an hour, or $30,000 a year, that’s hardly a living wage.  And most low-wage workers cobble together two or three jobs, and don’t have health or other benefits.

It’s getting better after COVID.  Half as many workers earn $15 an hour or less than a year ago.  But wages rise slowly, and despite the “help wanted” signs that dot every urban street, too many workers say wages aren’t high enough to fully support them.  So, the economic good news means little to them if their material conditions have not improved.

This is not the first time we’ve had macroeconomic good news and microeconomic angst.  The data say one thing, people’s lives say another.  People aren’t celebrating because even if they are doing great, their outlook is murky.  This is troubling now but may be a deciding factor in the 2024 election.

The post Unemployment and Inflation Rates are Falling…Why Aren’t We Celebrating? appeared first on Forward Times.

The post Unemployment and Inflation Rates are Falling…Why Aren’t We Celebrating? first appeared on BlackPressUSA.

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Remembering George Floyd

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OP-ED: Oregon Bill Threatens the Future of Black Owned Newspapers and Community Journalism

BLACKPRESSUSA NEWSWIRE — Nearly half of Oregon’s media outlets are now owned by national conglomerates with no lasting investment in local communities. According to an OPB analysis, Oregon has lost more than 90 news jobs (and counting) in the past five years. These were reporters, editors and photographers covering school boards, investigating corruption and telling community stories, until their jobs were cut by out-of-state corporations.

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By Dr. Benjamin F. Chavis, Jr.
President and CEO, National Newspaper Publishers Association

For decades, The Skanner newspaper in Portland, the Portland Observer, and the Portland Medium have served Portland, Oregon’s Black community and others with a vital purpose: to inform, uplift and empower. But legislation now moving through the Oregon Legislature threatens these community news institutions—and others like them.

As President and CEO of the National Newspaper Publishers Association (NNPA), which represents more than 255 Black-owned media outlets across the United States—including historic publications like The Skanner, Portland Observer, and the Portland Medium—l believe that some Oregon lawmakers would do more harm than good for local journalism and community-owned publications they are hoping to protect.

Oregon Senate Bill 686 would require large digital platforms such as Google and Meta to pay for linking to news content. The goal is to bring desperately needed support to local newsrooms. However, the approach, while well-intentioned, puts smaller, community-based publications at a future severe financial risk.

We need to ask – will these payments paid by tech companies benefit the journalists and outlets that need them most? Nearly half of Oregon’s media outlets are now owned by national conglomerates with no lasting investment in local communities. According to an OPB analysis, Oregon has lost more than 90 news jobs (and counting) in the past five years. These were reporters, editors, and photographers covering school boards, investigating corruption, and telling community stories, until their jobs were cut by out-of-state corporations.

Legislation that sends money to these national conglomerate owners—without the right safeguards to protect independent and community-based outlets—rewards the forces that caused this inequitable crisis in the first place. A just and inclusive policy must guarantee that support flows to the front lines of local journalism and not to the boardrooms of large national media corporations.

The Black Press exists to fill in the gaps left by larger newsrooms. Our reporters are trusted messengers. Our outlets serve as forums for civic engagement, accountability and cultural pride. We also increasingly rely on our digital platforms to reach our audiences, especially younger generations—where they are.

We are fervently asking Oregon lawmakers to take a step back and engage in meaningful dialogue with those most affected: community publishers, small and independent outlets and the readers we serve. The Skanner, The Portland Observer, and The Portland Medium do not have national corporate parents or large investors. And they, like many smaller, community-trusted outlets, rely on traffic from search engines and social media to boost advertising revenue, drive subscriptions, and raise awareness.

Let’s work together to build a better future for Black-owned newspapers and community journalism that is fair, local,l and representative of all Oregonians.

Dr. Benjamin F. Chavis Jr., President & CEO, National Newspaper Publishers Association

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Hate and Chaos Rise in Trump’s America

BLACKPRESSUSA NEWSWIRE — Tactics ranged from local policy manipulation to threats of violence. The SPLC documented bomb threats at 60 polling places in Georgia, traced to Russian email domains.

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By Stacy M. Brown
Black Press USA Senior National Correspondent

The Southern Poverty Law Center has identified 1,371 hate and antigovernment extremist groups operating across the United States in 2024. In its latest Year in Hate & Extremism report, the SPLC reveals how these groups are embedding themselves in politics and policymaking while targeting marginalized communities through intimidation, disinformation, and violence. “Extremists at all levels of government are using cruelty, chaos, and constant attacks on communities and our democracy to make us feel powerless,” said SPLC President Margaret Huang. The report outlines how hard-right groups aggressively targeted diversity, equity, and inclusion (DEI) initiatives throughout 2024. Figures on the far right falsely framed DEI as a threat to white Americans, with some branding it a form of “white genocide.” After the collapse of Baltimore’s Francis Scott Key Bridge, a former Utah legislator blamed the incident on DEI, posting “DEI = DIE.”

Tactics ranged from local policy manipulation to threats of violence. The SPLC documented bomb threats at 60 polling places in Georgia, traced to Russian email domains. Similar threats hit Jewish institutions and Planet Fitness locations after far-right social media accounts attacked them for trans-inclusive policies. Telegram, which SPLC describes as a hub for hate groups, helped extremists cross-recruit between neo-Nazi, QAnon, and white nationalist spaces. The platform’s lax moderation allowed groups like the Terrorgram Collective—designated terrorists by the U.S. State Department—to thrive. Militia movements were also reorganized, with 50 groups documented in 2024. Many, calling themselves “minutemen,” trained in paramilitary tactics while lobbying local governments for official recognition. These groups shared personnel and ideology with white nationalist organizations.

The manosphere continued to radicalize boys and young men. The Fresh & Fit podcast, now listed as a hate group, promoted misogyny while mocking and attacking Black women. Manosphere influencers used social media algorithms to drive youth toward male-supremacy content. Turning Point USA played a key role in pushing white nationalist rhetoric into mainstream politics. Its leader Charlie Kirk claimed native-born Americans are being replaced by immigrants, while the group advised on Project 2025 and organized Trump campaign events. “We know that these groups build their power by threatening violence, capturing political parties and government, and infesting the mainstream discourse with conspiracy theories,” said Rachel Carroll Rivas, interim director of the SPLC’s Intelligence Project. “By exposing the players, tactics, and code words of the hard right, we hope to dismantle their mythology and inspire people to fight back.”

Click here for the full report or visit http://www.splcenter.org/resources/guides/year-hate-extremism-2024.

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