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Archive for June 21st, 2008

Spotlight on AFL-CIO Campaign To Reveal Real John McCain

June 21st, 2008 No comments

Polls have shown that union members value the information they receive from their unions about candidates. Getting that information out is especially important in the 2008 elections. An article in today’s Chicago Tribune highlights the AFL-CIO’s voter education program to tell union members where John McCain really stands on issues that affect them such as [...]

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Mortgage Crisis Hurts Black, Latino Economic Progress

June 21st, 2008 No comments
EPI
Graciela Aponte

Not only has the nation’s slumping economy hit black workers and Latino workers hard, the mortgage crisis has had a disproportionate impact on them as well. In fact, some experts fear the mortgage crisis could undo a huge portion of the wealth built up by the growing African American and Latino middle classes.

The Joint Center for Political and Economic Studies reports that the rate of subprime mortgages for Latinos and Africans Americans is about double the rate for whites. In 2006, subprimes made up one in four mortgages (26 percent) made to whites, 47 percent of those to Latinos and 53 percent of mortgages that went to African Americans.

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