The Subprime Crisis and African Americans

There is a long history of unfair housing and lending practices in the United States and generally, African Americans have been disproportionately negatively impacted by these activities. In order to understand the current economic crisis and its impacts on African Americans, one must first explore the historical spectrum of discriminatory actions leveled against blacks in housing and mortgage lending. This paper discusses the recent subprime mortgage crisis and identifies the ways that African Americans were impacted. It provides an historical review of mortgage lending and housing discrimination and the role that public policy played in these practices. It then chronicles the subprime mortgage crisis and connects the consequences of lending policy run amok by targeting minority communities.     

A crumbling legacy: The decline of African American insurance companies in contemporary America

African American insurance companies, since the 1960s, have experienced a significant decline in their profitability and stature. Because of recent racial desegregation, which in an economic sense consists of white-controlled businesses and black consumers increasing their interaction with each other, black insurers are waging an increasingly difficult struggle to survive. It appears the only way African American insurance companies can counteract this disturbing trend is to voluntarily merge into one “mega” company. Such a maneuver would empower consolidated black insurers to better serve African American consumers and to make definitive inroads in cultivating the burgeoning African consumer market.     

Not Black-Alone: The 2008 Presidential Election and Racial Self-Identification among African Americans

This paper estimates a reduced form racial identity equation for a sample of African American survey respondents. The change in a state’s fraction of white votes for Obama in 2008 relative to Kerry in 2004 provides an empirical proxy for a change in white antagonism toward African Americans. Using Current Population Survey data from 2003 to 2013, this paper finds that there is a positive and statistically significant Obama-effect on African American self-identification as mixed-race rather than as black-alone.     

The Black Enterprise Magazine Ranking of Colleges for African Americans: A Structural Analysis

This paper assesses the Black Enterprise Magazine (BE) ranking of the “top 50 colleges for African Americans,” which it publishes biennially. Its principal objective is to evaluate the statistical consistency in the ranking over the distribution of institutions that compose it. The paper attempts to address two-related questions. Does the BE report provide an unbiased and consistent assessment of the educational value associated with the institutions included in their listing? Is the ranking method internally consistent? Two experiments were used to evaluate the consistency of the BE ranking. First, structural difference in the model used to rank the institutions in the upper and lower half of the distribution is tested. Second, structural difference in the model used to rank HBCU and non-HBCU institutions included in the BE listed ranking is tested. In both cases the null hypothesis of the same structure is rejected.     

African Americans and U.S. Politics: The Gradual Progress of Black Women in Political Representation

This paper argues that since the 1960s, African Americans have substantially increased their political participation in the U.S. political system. It claims that Blacks in the U.S. have built a strong political foundation and that their influence in the country’s political system has grown within the past four decades. The paper highlights, however, that more Black women tend to be active participants in the electoral process than Black men and that there is the potential for Black women to equal or surpass Black men in the number of elected officials within their race in the years and decades to come.

Some problems of monetary dependency in West African States of French colonial legacy

Conclusion Some advantages of the franc zone and the Operation account to the Paris exchange market may have existed and still exist for the UMOA member states. These financial arrangements may have provided relative monetary stability to the Monetary Union of West African states. But they still favor French Treasury by bringing foreign currency to the Paris Exchange market.     

NEA presidential address, 1992: Policy issues in the postsecondary education of African Americans

Few goods and services are as important to socioeconomic outcomes as education. Participation rates of African Americans in postsecondary education are much lower than those for whites. The disparities in college attendance and graduation rates have potentially grave consequences for African Americans and for the larger society. This article addresses some of the policy influences that determine educational outcomes for this population subgroup and raises some of the issues that should be addressed if proportionate participation rates are to be generated.     

Telecentres for sustainable rural development: Review and case study of a South African rural telecentre

This paper evaluates a South African rural telecentre that may serve as a ‘best practice’ model. The paper first provides a brief literature review of telecentres and the role of information and communication technology in economic development. A qualitative evaluation of a case study is presented within the context of sustainability considerations and development outcomes; that is, showing how the telecentre has improved the lives of the rural community at Thabina. Some of the observed economic development impacts are listed in the paper and an attempt is made to capture the essence of the vital links between the use of information and communication technology (technology transfer), human development, education and economic development.     

Measuring the export capability of South African regions

Recent research has identified what determines local exports and what policies might make them grow. Regions with higher Gross Domestic Product per capita, faster population growth, higher levels of skills, greater export diversification and shorter distances to ports have experienced faster export growth. However, the results of regression models apply to a theoretical representative region and do not allow one to establish where policy interventions will be most effective. This article constructs an index to identify the regions in South Africa that can export manufactured goods. It draws on the literature of the determinants of exports for indicators of the capability (or potential) to export across 354 magisterial districts in 1996 and 2001. The results show a positive relationship between export capability and export performance. The article identifies a number of front-runner magisterial districts along with those of high capability but low performance that stand to benefit most from industrial policy interventions.     

The impact of agricultural technology adoption on income inequality in rural China: Evidence from southern Yunnan Province

This study analyzes the impact on income inequality of government efforts to increase agricultural incomes in rural China. It collects and analyzes survey data from 473 households in Yunnan, China in 2004. In particular, it investigates the effects of government efforts to promote improved upland rice technologies. Our analysis shows that farmers who adopted these technologies had incomes approximately 15% higher than non-adopters. Despite this relatively large increase, we estimate that the impact on income inequality was relatively slight. This is primarily due to the fact that lower-income farmers adopted the improved rice technology at rates that were roughly equivalent to those of higher-income farmers.     

Rurality as a choice: Towards ruralising rural areas in sub-Saharan African countries

Rural development practices in sub-Saharan Africa are still based on modernisation approaches. This has led to distortion in rural identity in most sub-Saharan communities. This article embeds this issue in the development discourse. It calls for developing rural areas rurally – rather than urbanely. The paper argues that improvements in rural conditions should aim to make rural lives and the environment sustainable, while preserving rural identities. Drawing from literature, it presents a conceptual framework for understanding rurality and shows how planning can serve as a tool for achieving rurality focused development. It provides six suggestions that could lead to integrating rurality-as-a-choice in development policies and practices. The suggested measures include the heritagisation of rural areas, introduction of rurality-focused vision in planning, and organisation of campaigns for the protection of rural heritages, among others. It contributes to emerging literatures on identifying problem-generating issues in rural development in sub-Saharan Africa.     

Estimating household willingness to pay for water services in a rural economy: The case of Kanye in southern Botswana

This study uses the contingent valuation approach to examine the relationship between selected socio-economic characteristics of households and their willingness to pay for private water connection. An iterative bidding method was used to obtain survey data from 135 households randomly selected from Kanye in southern Botswana and the ordinary least-square regression technique was used to estimate the effects of selected exogenous variables on willingness to pay. The results show that household income, level of education and employment status of the head of the household and level of consumers' awareness are the principal factors influencing willingness. This suggests that any government policy that increases these factors will increase households' willingness. In addition, because consumers' income is associated with their willingness to pay, it is suggested that policies on connection and user fees recognise income inequalities when determining the amount that households should pay.     

U.S. Healthcare Reform, 2009-2010: Implications for African Americans

This paper describes issues that need to be addressed to reform the U.S. healthcare delivery system, the solutions to some of these issues that are part of the Patient Protection and Affordable Care Act (as amended), and the implications for African Americans of some of the recently enacted reforms. These reforms take the first steps toward eliminating the insurance coverage gap that keeps many from receiving needed care. The necessary and simultaneous emphasis on cost containment of this legislation, however, may limit access to health care for African Americans.     

Assets and African Americans: Attempting to Capitalize on Hopes for Children Through College Savings Accounts

Although some racial inequalities have lessened in the half-century since the passage of the first major civil rights legislation, the racial wealth gap remains and in recent years seems to be widening. Households with children are the least likely to be asset secure or have sufficient resources to enable investment in opportunities for mobility. Viewing inequality from this perspective indicates that what households are able to save and invest for the future might have a more lasting impact on the life chances of children than their current income and consumption. Summarizing data from the Saving for Education, Entrepreneurship, and Downpayment (SEED) Initiative, a quasi-experimental study that is part of a national demonstration of Child Development Accounts (CDAs) in the United States, this paper describes how African-American households engage with one important investment opportunity - college savings accounts for their pre-school children. Combining account monitoring, survey, interview and focus group data, we explore the reasons that many households chose not to open accounts or invest their own money. We offer suggestions for making asset development programs viable for low-income African-American families and their children.