@EthnicMediaSvc goes live right now with our weekly Friday news briefing: "Inflation to Recession." Speakers include Alix Gould-Werth, Washington Center for
Equitable Growth, Dr. Rakeen Mabud, Groundwork Collaborative @rakeen_mabud@alixgouldwerth
And Chad Stone, Center for Budget and Policy Priorities @ChadCBPP
Mega corporations are taking advantage of inflation to raise prices on consumers. Profit margins are at an all time high. @rakeen_mabud Small businesses cannot compete with the Walmart down the street.
Market power, the threat of war is the means for profiteering by mega corporations. @rakeen_mabud
The world's shipping oligarchy earned $53 billion last year and expects to earn four times that this year. @rakeen_mabud@Groundwork
Are we in a recession? asks Chad Stone of the Center for Budget and Policy Priorities. @ChadCBPP@CBPP He defines it as a decline in economic activity.
Supply chain shocks, oil price shocks are very hard on vulnerable groups. @ChadCBPP
Black and Latino unemployment rates are high, says @ChadCBPP analyzing today's jobs report. Economy had slowed in 2020, but American Rescue Plan gave juice to recovery.
Forecasts suggest we will be in a short, shallow recession, but it will still be damaging to the most vulnerable folks. @ChadCBPP
The Covid recession impacted women, people of color, and the LGBTQ community than the nation at large, says @alixgouldwerth
Many who are affected by recession are ineligible for safety net programs. Onerous application and criteria, and too little money. Undocumented people are rarely eligible for federal funds. @alixgouldwerth
The unemployment insurance system is starved for resources. The tax base has eroded. @alixgouldwerth@equitablegrowth "We don't have enough money to pay for benefits, so states are going to make benefits pretty stingy."
Unemployment insurance can't stabilize the economy if workers can't access benefits. "Imagine putting food on the table with only 40 percent of your income. @alixgouldwerth@equitablegrowth
"Our unemployment insurance system is broken. We are relying on band-aids. When public support fails, vulnerable families have few options." @alixgouldwerth@equitablegrowth "We are not prepared for the next crisis."
Rising wages only comprise about 8 percent of price inflation, says @rakeen_mabud of @Groundwork collaborative
Wages are not driving inflation, says @ChadCBPP Workers at the bottom of the pay scale have not benefitted.
There are significant scarring effects for years after a recession, says @rakeen_mabud "Even if its a mild recession, there are people getting badly hurt," says @ChadCBPP
Only 15 percent of police departments acknowledge that there are hate crimes. Data collection is poor, says Mike German of the @BrennanCenter
The news media, politicians were talking about "the threat China posed." It was not fringe groups, it was members of Congress, says Mike German, explaining the roots of anti-Asian hate. #StopAsianHate#HateCrime
In just under 10 mins we'll be discussing the leaked #RoeVWade opinion and what a repeal of the landmark case could mean for #AAPI women. Follow us @EthnicMediaSvc or via FB Live: fb.me/e/3bVwAnUkg
Welcome to today's briefing on what the potential repeal of #RoevWade could mean for #AAPI women. Remember you can follow the conversation via FB live 👉fb.me/e/3bVwAnUkg
Susan Racher of @NAMIFlorida says community engagement and support are highly effective in preventing suicides. @nami is organizing a walk for suicide support in downtown Miami May 21
🌧️At 11am PST we'll be looking at the ramifications for California of what is the worst #drought to hit the western US in over a millennium. Follow via FB Live fb.me/e/1MyzANlHL and @EthnicMediaSvc
Learn more 👉bit.ly/3OqYDrL
Welcome to today's briefing, "Not a Drop to Drink: California Faces Worst #Drought in 1,200 Years." You can follow the conversation via FB Live fb.me/e/1MyzANlHL#EarthDay
Our first speaker today is @rajendrashende, Chairman, @terreindia and former director of the United Nations Environment Program, who will be speaking about the global impacts of the #drought