households

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Trump’s claim that lowering prices would be ‘too hard’ spells doom for Black and brown households

After President-elect Donald Trump seemingly walked back his pledge to address the rising price of groceries, critics of the soon-to-be 47th president say his economic agenda spells doom for Black, brown and low-income households that are already suffering from inflation, the rising cost of living and a widening racial wealth gap. After Trump was asked by TIME magazine (which recently named him “Person of the Year”) whether or not his presidency would be a failure if unable to bring down […]

todayDecember 13, 2024 1

News

Trump’s plans for mass deportations and tariffs could severely cost Black households

“The economy of Los Angeles will come to a halt,” said Los Angeles Mayor Karen Bass as the city prepares for the incoming Trump administration’s threat of mass deportations of undocumented immigrants soon after Donald Trump is inaugurated on Jan. 20, 2025. Economists note that migrant labor critically supports the national economy, particularly in U.S. cities. However, if immigrant workers are forced to leave the country, the impact would be significant, said Mayor Bass. She told theGrio Los Angeles is […]

todayDecember 6, 2024

News

Harris’ new plan to tackle price gouging would bring needed relief to Black households

Vice President Kamala Harris will unveil on Friday a first-of-its-kind economic policy that seeks to address corporate price gouging that is crippling the pockets of American households. The plan would particularly bring needed relief to Black households, which have been disproportionately hit by higher prices. On Wednesday evening, the Harris for President campaign announced the new policy, which would establish a federal ban on corporate gouging in the food and grocery industries.  “Vice President Harris has repeatedly emphasized on the […]

todayAugust 16, 2024 4