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Redlining
Redlining is a Discrimination, discriminatory practice in which financial services are withheld from neighborhoods that have significant numbers of Race (human categorization), racial and Ethnic group, ethnic minorities. Redlining has been most prominent in the United States, and has mostly been directed against African Americans, as well as Mexican Americans in the Southwestern United States. The most common examples involve denial of credit and insurance, denial of Race and health, healthcare, and the development of food deserts in Minority group, minority neighborhoods. Reverse redlining occurs when a Creditor, lender or insurer targets Majority minority, majority-minority neighborhood residents with inflated interest rates by taking advantage of the lack of lending competition relative to non-redlined neighborhoods. The effect also emerges when service providers Artificial scarcity, artificially restrict the Real estate economics#Supply of housing, supply of real estate ava ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food Desert
A food desert is an area that has limited access to food that is plentiful, affordable, or nutritious. In contrast, an area with greater access to supermarkets and vegetable shops with fresh foods may be called a food oasis. The designation considers the type and the quality of food available to the population, in addition to the accessibility of the food through the size and the proximity of the food stores. Food deserts are associated with various health outcomes, including higher rates of obesity, diabetes, and cardiovascular disease, specifically in areas where high poverty rates occur. Studies suggest that individuals living in food deserts have lower diet quality due to the scarcity of fresh produce and foods that are full of nutrients. In 2017, the United States Department of Agriculture reported that 39.5 million people or 12.8% of the population were living in low-income and low-access areas. Of this number, 19 million people live in "food deserts", which they define as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Dedman
Bill Dedman is an American investigative reporter and author. He is best known for ''The Color of Money'', his 1988 investigation of redlining of middle-income black neighborhoods by banks and other mortgage lenders. Dedman received the 1989 Pulitzer Prize for Investigative Reporting for his articles in The Atlanta Journal-Constitution. Dedman is the co-author of the biography of reclusive heiress Huguette Clark and her family, '' Empty Mansions: The Mysterious Life of Huguette Clark and the Spending of a Great American Fortune'', which was number one on ''The New York Times'' bestseller list and is being adapted into a television series for HBO. Often relying on public records more than insider accounts, Dedman has reported and written influential investigative articles on racial profiling by police, illegal steering of customers to different neighborhoods by real estate agents based on the race of the customers, police officers who tried to stop abusive interrogations of de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blockbusting
Blockbusting was a business practice in the United States in which real estate agents and building developers convinced residents in a particular area to sell their property at below-market prices. This was achieved by fearmongering the homeowners, telling them that racial minorities would soon be moving into their neighborhoods. The blockbusters would then sell those same houses at inflated prices to black families seeking upward mobility. Blockbusting became prominent after post-World War II bans on explicitly segregationist real estate practices. By the 1980s it had mostly disappeared in the United States after changes to the law and real estate market. Background From 1900 to 1970, around six million African Americans from the rural Southern United States moved to industrial and urban cities in the Northern and Western United States during the Great Migration in an effort to avoid the Jim Crow laws, violence, bigotry, and limited opportunities of the South. Resettlement to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Americans
African Americans, also known as Black Americans and formerly also called Afro-Americans, are an American racial and ethnic group that consists of Americans who have total or partial ancestry from any of the Black racial groups of Africa. African Americans constitute the second largest ethno-racial group in the U.S. after White Americans. The term "African American" generally denotes descendants of Africans enslaved in the United States. In 2023, an estimated 48.3 million people self-identified as Black, making up 14.4% of the country’s population. This marks a 33% increase since 2000, when there were 36.2 million Black people living in the U.S. African-American history began in the 16th century, with Africans being sold to European slave traders and transported across the Atlantic to the Western Hemisphere. They were sold as slaves to European colonists and put to work on plantations, particularly in the southern colonies. A few were able to achieve freedom th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mexican Americans
Mexican Americans are Americans of full or partial Mexican descent. In 2022, Mexican Americans comprised 11.2% of the US population and 58.9% of all Hispanic and Latino Americans. In 2019, 71% of Mexican Americans were born in the United States. Mexicans born outside the US make up 53% of the total population of foreign-born Hispanic Americans and 25% of the total foreign-born population. Chicano is a term used by some to describe the unique identity held by Mexican-Americans. The United States is home to the second-largest Mexican community in the world (24% of the entire Mexican-origin population of the world), behind only Mexico. Most Mexican Americans reside in the Southwest, with more than 60% of Mexican Americans living in the states of California and Texas. They have varying degrees of indigenous and European ancestry, with the latter being of mostly Spanish origins. Those of indigenous ancestry descend from one or more of the over 60 indigenous groups in Mexico ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago, Illinois
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of United States cities by population, third-most populous city in the United States after New York City and Los Angeles. As the county seat, seat of Cook County, Illinois, Cook County, the List of the most populous counties in the United States, second-most populous county in the U.S., Chicago is the center of the Chicago metropolitan area, often colloquially called "Chicagoland" and home to 9.6 million residents. Located on the shore of Lake Michigan, Chicago was incorporated as a city in 1837 near a Chicago Portage, portage between the Great Lakes and the Mississippi River, Mississippi River watershed. It grew rapidly in the mid-19th century. In 1871, the Great Chicago Fire destroyed several square miles and left more than 100,000 homeless, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Home Owners' Loan Corporation Philadelphia Redlining Map
A home, or domicile, is a space used as a permanent or semi-permanent residence for one or more human occupants, and sometimes various companion animals. Homes provide sheltered spaces, for instance rooms, where domestic activity can be performed such as sleeping, preparing food, eating and hygiene as well as providing spaces for work and leisure such as remote working, studying and playing. Physical forms of homes can be static such as a house or an apartment, mobile such as a houseboat, trailer or yurt or digital such as virtual space. The aspect of 'home' can be considered across scales; from the micro scale showcasing the most intimate spaces of the individual dwelling and direct surrounding area to the macro scale of the geographic area such as town, village, city, country or planet. The concept of 'home' has been researched and theorized across disciplines – topics ranging from the idea of home, the interior, the psyche, liminal space, contested space to gender a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loanable Funds
In economics, the loanable funds doctrine is a theory of the market interest rate. According to this approach, the interest rate is determined by the demand for and supply of loanable funds. The term ''loanable funds'' includes all forms of credit, such as loans, bonds, or savings deposits. History The loanable funds doctrine was formulated in the 1930s by British economist Dennis Robertson and Swedish economist Bertil Ohlin. However, Ohlin attributed its origin to Swedish economist Knut Wicksell and the Stockholm school, which included economists Erik Lindahl and Gunnar Myrdal. Basic features The loanable funds doctrine extends the classical theory, which determined the interest rate solely by saving and investment, in that it adds bank credit. The total amount of credit available in an economy can exceed private saving because the bank system is in a position to create credit out of thin air. Hence, the equilibrium (or market) interest rate is not only influenced by the pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pretext
A pretext (: ''pretextual'') is an excuse to do something or say something that is not accurate. Pretexts may be based on a half-truth or developed in the context of a misleading fabrication. Pretexts have been used to conceal the true purpose or rationale behind actions and words. They are often heard in political speeches. In US law, a pretext usually describes false reasons that hide the true intentions or motivations for a legal action. If a party can establish a prima facie case for the proffered evidence, the opposing party must prove that these reasons were "pretextual" or false. This can be accomplished by directly demonstrating that the motivations behind the presentation of evidence is false, or indirectly by evidence that the motivations are not "credible". In ''Griffith v. Schnitzer'', an employment discrimination case, a jury award was reversed by a Court of Appeals because the evidence was not sufficient that the defendant's reasons were "pretextual". That is, the defe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northwestern University Institute For Policy Research
The Institute for Policy Research (IPR) is an interdisciplinary public policy research center at Northwestern University. History The Institute for Policy Research was founded in September 1968, originally as the Center for Urban Affairs, with a $700,000 grant from the Ford Foundation The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a $25,000 (about $550,000 in 2023) gift from Edsel Ford. .... Raymond W. Mack, one of the Center's original co-founders, also became its first director, serving in this role until 1971. John McKnight was the Center's first associate director. When the Center was first founded, Payson S. Wild, the then-vice president of Northwestern, said, "Our Center for Urban Affairs can make a unique contribution if we have scholars committed to the application of scientific research in the realm of public policy." In 1983, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
