US crude reserves hit 45-year low as Yemen’s Houthis blockade Bab-el-Mandeb Strait, affecting oil prices
Category: Economics
Record Oil Profits, Stagnant Wages: What Big Oil’s Earnings Mean for the Average American at the Pump
Big Oil’s record $91 billion profit in 2022 outpaced stagnant wages, with CEOs earning 200 times more than median employees.
Reparations by the Numbers: The Economic Case for Closing a 401-Year Wealth Gap
The Black-white wealth gap hit $239,420 per household in 2022 — and grew by $75K in three years.
How to Build Wealth on $50 a Month: A Stock Market Beginner’s Guide for Black Americans
$50/month at 10% annual return becomes $113,024 in 30 years. Roth IRA setup, ETF comparison charts, and a 6-step starter plan for first-time investors.
The Black Business Funding Gap: Why Black Entrepreneurs Are Denied Loans at 3× the Rate of White Owners
Federal Reserve: 47% of Black-owned businesses get full loans vs 73% of white-owned. Structural causes, $190B revenue gap, and where to find capital.
The Payday Loan Trap: How Predatory Lending Drains Black Communities at 400% APR
Payday loans carry a 396% APR — 16× a credit card. The industry drains $9 billion a year from borrowers.
Crypto and Black America: Why the Fastest-Growing Investor Group Is Also Getting Hit Hardest by Fraud
Black Americans invest in crypto at 1.6× the rate of white Americans — but crypto fraud losses hit $5.6 billion in 2024.
The Racial Wealth Gap and the Stock Market: Why Black Families Own 15 Cents for Every $1 of White Wealth
The median Black family holds $44,890 — 15 cents for every dollar of white family wealth.