Saturday, July 1, 2023

Warehouse Moving Sale Starts Now

Enjoy an additional 25% off sale.͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌   ͏ ‌  

Race/Related: For Black Americans, a long road to reparations

Despite pockets of momentum in various cities, the fight for reparations is an uphill struggle.
Black community groups calling for action on a number of bills on social justice by a state panel that has called for reparations in California.Andri Tambunan for The New York Times

Where Reparations Stand in the U.S.

After 50 years in slavery, Belinda Sutton was freed and given a pension drawn from the estate of the man who had enslaved her, but it was not out of his generosity. Sutton, a native of Ghana, had to go to court to receive an income for her work, performed on an estate near Boston. And she had to keep returning, to enforce the legal decision that she would be paid.

Her struggle in 1783 to win repayment — one of the earliest known cases in the United States — foreshadowed the difficulties that formerly enslaved people and their descendants face in seeking similar compensation.

Black Americans have made a renewed case for reparations that would redress slavery, post-Civil War landowning restrictions for the newly freed, Jim Crow laws, redlining, discriminatory lending practices and employment discrimination.

The first state-level task force to consider reparations, in California, officially submitted a sweeping report that recommended a formal apology and called for payments to eligible Black residents.

Despite pockets of momentum in various cities, the fight for reparations is an uphill struggle.

What are reparations?

Reparations are measures that seek to rectify a heinous injustice with an acknowledgment and an apology. In this context, they refer to an attempt to remedy the unpaid labor of millions of Africans who arrived in the English North American colonies as human chattel. Their work was vital to the accumulation of American capital, but neither they nor their descendants shared in the benefits.

The goal of any reparations plan today is to compensate the 40 million descendants of the enslaved people and, in theory, to narrow the disparities caused by slavery.

ADVERTISEMENT

Ad
Ta-Nehisi Coates and Danny Glover prepare for a hearing on reparations for slavery at the House Judiciary subcommittee in 2019.Gabriella Demczuk for The New York Times

Why is there wider interest in the debate over reparations?

The topic was largely confined to the political left until a June 2014 article in The Atlantic by Ta-Nehisi Coates prompted a more vigorous discussion. Coates argued that after having been exploited by nearly every American institution, Black Americans should be properly compensated.

Momentum built in 2019, the 400th anniversary of the first documented arrival of Africans to the colony of Virginia. Coates was the star witness at a congressional hearing that considered a bill, House Resolution 40, calling for a commission to study reparations for slavery. Further attention was drawn to the consequences of slavery and the contributions of Black Americans by The Times's The 1619 Project.

ADVERTISEMENT

Ad

After high-profile deaths of Black Americans at the hands of police officers, such as the murder of George Floyd in 2020, calls for racial justice dovetailed with demands for reparations. The call for reparations also became a more prominent campaign issue in 2020, including in the Democratic primaries.

Why might reparations be needed?

White Americans, especially those who belonged to slaveholding families, accumulated significant wealth from the unpaid work of Africans. Enslaved people grew the cotton, built the railroads and developed the major universities that fueled the growth of the American economy. After the Civil War, four million people were liberated, but without a dollar to their names.

Landownership has been the primary engine of wealth in the United States, and the denial of access to it for Black Americans is the foundation upon which the wealth gap exists today.

The Homestead Act in 1862 lavished hundreds of millions of acres in the West (which were the traditional or treaty lands of many Native American tribes) to white Americans; and free land was used to incentivize white foreigners to emigrate to the United States.

ADVERTISEMENT

Ad

From 1862 to 1934, the federal government gave away nearly 10 percent of the country's land to more than 1.5 million white families. About 46 million American adults descend from those homesteaders.

Landowning restrictions left Black Americans collectively with less rural land than the country's five largest landowners, all of whom are white. Six million Black Americans were forced to flee the terror of the Jim Crow South, and many of them left behind farms, homes, shops, vehicles and other economic assets.

One federal government measure notes the average median wealth for Black households is $24,100, while the average median wealth for white households is $188,200.

Breaking it down, a Black family has 12 cents for every dollar a typical white household has, a divide that has grown over the last half-century.

President Harry S. Truman signing the bill providing for the establishment of the Indian Claims Commission.Thomas D. Mcavoy/The LIFE Picture Collection, via Getty Images

When have reparations been paid in the U.S.?

Americans who received compensation for historical injustices include: Native Americans, for government-seized land; Japanese Americans, for being held in internment camps; survivors of police abuses in Chicago; victims of forced sterilization; and Black residents of Rosewood, a Florida town that was burned down by a murderous white mob.

"It lifted the specter of disloyalty that hung over us for 42 years because we were incarcerated," Rep. Robert T. Matsui, a California Democrat who was interned with his parents as a child, said at the time. "We were made whole again as American citizens."

The $20,000 payments to about 80,000 eligible Japanese Americans did not come close to compensating them for the property they had lost, and other examples of reparations have usually fallen short.

Today, institutions have taken a leading role. A prominent order of Catholic priests said it plans to raise $100 million for the descendants of the people it enslaved. Virginia Theological Seminary, created a $1.7 million fund to support Black seminarians and Black worshipers. The Princeton Theological Seminary said it would spend $27 million on scholarships and initiatives to make amends for its ties to slavery. Georgetown said that it would raise about $400,000 a year to benefit descendants of the 272 enslaved people who were sold to aid the college nearly 200 years ago.

A few cities and towns have taken action. In 2021, the Chicago suburb of Evanston, Ill., became the first to pass a measure, providing up to $25,000 to direct descendants of its Black residents who were harmed by discriminatory housing policies between 1919 and 1969.

In the University of North Carolina case, the plaintiffs said that the university discriminated against white and Asian applicants by giving preference to Black, Hispanic and Native American ones. The university responded that its admissions policies fostered educational diversity.Kate Medley for The New York Times

What is the argument against the idea of reparations?

Some critics argue that everyone to whom reparations are due is dead, and people who did not benefit from the slave trade, or those who never owned slaves, should not have to compensate the descendants of enslaved Africans. Reparations would create more racial tension, they add.

Others contend that the country paid its debt in blood during the Civil War, and that Black Americans have benefited from social programs like affirmative action, which the Supreme Court recently ended for college admissions. Some insist that Black Americans today are better off in the United States than they would be in Africa. Dwelling on the issue, they say, continues a psychology of victimization instead of individual responsibility.

Doubts about the affordability of cash reparations are also being raised, after city councilors in San Francisco proposed a one-time, $5 million payment to anyone eligible, and a California state reparations task force has recommended up to $1.2 million for older Black residents. None of these will be taken up by legislators for months.

How is the idea of reparations viewed?

About 80 percent of white Americans say they believe that descendants of enslaved people in the United States should not be repaid in some way, according to a Pew Research Center Survey, while only 17 percent of Black Americans are against reparations. Additionally, 58 percent of Hispanic adults and 65 percent of Asian respondents are not in favor; together, these two growing groups make up a quarter of the population.

Views are split among Democrats and Democratic-leaning independents. Eight percent of Republicans and people who lean to the right say descendants of enslaved people should be repaid in some way, according to Pew.

Racial and ethnic inequities have cost the U.S. economy about $51 trillion in lost output since 1990, an economic analysis shows. Mary Daly, the president of the Federal Reserve Bank of San Francisco who examined the economy's lost output, said, "The imperative for equity, for closing some of these gaps, is not only a moral one, but it's also an economic one."

EDITORS' PICKS

We publish many articles that touch on race. Here are several you shouldn't miss.

Article Image

Kenny Holston/The New York Times

With Supreme Court Decision, College Admissions Could Become More Subjective

Colleges have a game plan, like emphasizing the personal essay, but so do conservative groups that promise to monitor and, if necessary, go back to court.

By Anemona Hartocollis

Article Image

Mike Ito for The New York Times

Hawaii's 'Local Food,' a Rich Mix That Isn't Strictly Hawaiian

A blend of influences and ingredients from the many groups who have settled there, this cooking tradition is still sparking creativity, and some complications.

By Elyse Inamine

Article Image

Maridelis Morales Rosado for The New York Times

The Christian Pop Star Bringing Latino Evangelicals to the Pews

How Marcos Witt is shaping faith in the United States.

By Marcela Valdes

Article Image

Illustration by Yadi Liu

LETTER OF RECOMMENDATION

What Chinese Calligraphy Taught Me About Myself

Write your name — over and over. You'll be surprised what you learn.

By Jerrine Tan

Invite your friends.
Invite someone to subscribe to the Race/Related newsletter. Or email your thoughts and suggestions to racerelated@nytimes.com.

Need help? Review our newsletter help page or contact us for assistance.

You received this email because you signed up for Race/Related from The New York Times.

To stop receiving Race/Related, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request.

Subscribe to The Times

Connect with us on:

instagram

Change Your EmailPrivacy PolicyContact UsCalifornia Notices

LiveIntent LogoAdChoices Logo

The New York Times Company. 620 Eighth Avenue New York, NY 10018

When Markets Bounce, This Pattern Is A Winner

Shark Fin Pattern Predicts Market Turns

Free Video
The Absolute Easiest,
No-Brainer Way To Earn
332% Profit in 3 Days

Here’s what it does …

 

Here’s what it looks like …

If you want more income, Click Here Now 

Shark Fin Trading

If what you want is an easy way to increase your income

Then, you really should get Shark Fin Trading...

It's the perfect weapon for beginners...

  • Super simple & deadly accurate
  • Totally mechanical
  • Uses FREE trading tools
  • Takes little or no money to start
  • Filter out losers
  • Enter trades earlier
  • Bolster your confidence
  • Makes a whole lot more money!

Not only will you learn an easy way to get the income you desire...

You'll also gain the momentum you need to enjoy the rich, carefree retirement you deserve.

Click Here to start right now

 

 

© 2020 Tradewins Publishing. All rights reserved. | Privacy Policy | Terms and Conditions | Contact Us

 

The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the "Services") is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Universal Financial Independence Inc., ("Universal") a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk and is not appropriate for everyone. The actual profit results presented here may vary with the actual profit results presented in other Universal Financial Independence, Inc. publications due to the different strategies and time frames presented in other publications. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, Universal does not make any guarantee or other promise as to any results that may be obtained from using the Services. Universal disclaims any and all liability for any investment or trading loss sustained by a subscriber. You should trade or invest only "risk capital" - money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses.

 

Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Universal makes no representations or warranties that any account will or is likely to achieve profits similar to those shown. No representation is being made that you will achieve profits or the same results as any person providing a testimonial. Testimonials relate to various other products offered by Wendy Kirkland and not the product offered here, but all of these products are based on Ms. Kirkland's P3 pattern system. Performance results of other products described in such testimonials may be materially different from results for the product being offered and may have been achieved before the product being offered was developed.

 

Results described in testimonials from other products or the product being offered may not be typical or representative of results achieved by other users of such products. No representation is being made that any of the persons who provide testimonials have continued to experience the same level of profitable trading after the date on which the testimonial was provided. In fact, such persons may have experienced losses immediately thereafter or may have experienced losses preceding the period of time referenced in the testimonial. No representation is being made that you will achieve profits or the same results as any person providing a testimonial. Wendy Kirkland's experiences are not typical. Wendy Kirkland is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position, willingness to follow the rules and other factors.

 

You are currently subscribed to wkdpp as: stevenmagallanes520.nims@blogger.com.
Add KirklandNewsletter@tradewins.com to your email address book to ensure delivery.
Forward to a Friend | Manage Subscription | Subscribe | Unsubscribe | Snooze
                                 

Page List

Blog Archive

Search This Blog

Despite December TSP downturn, C, S funds finish 2024 strong - The Federal Report

======================================================================= Federal News Network - The Federal Report - January 06, 2025 ==...