Word: african
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...dividends as well. That may be especially true for companies like the San Francisco-based Wells Fargo. Though it didn't indulge in as much subprime lending as other banks, it is being sued by the city of Baltimore for allegedly using predatory lending practices in predominantly African-American neighborhoods that have since seen inordinately high foreclosure rates. (Wells Fargo denies the accusation, and has asked a judge to dismiss the suit.) Countrywide Financial (now merged with Bank of America), which also attended the Miami Gardens clinic, last month settled lender-fraud complaints brought against it by 11 states...
...particularly moving event and history in the making. It's hard not be excited by the election of Obama, not just for what he has achieved but for what he might achieve as President of the United States. From a global perspective, it was another really important milestone: an African American elected as President. For me, it was another example of change. We'd seen that in Australia with Kevin Rudd, then Obama's election. It certainly helped set the mood for change in New Zealand...
...this is America: of course it's about race too. After Obama won, there was talk of a "Huxtable effect"--the idea that pop-cultural portrayals of African Americans from The Cosby Show to 24's David Palmer readied white America for a black President. But maybe there's an opposite factor at work here too--the 50 Cent effect. The impact of the Obamas comes partly from the unspoken contrast to a decades-old media archive of images of black people as problems or threats, from news to cop shows to hip-hop. Broken families, perp walks...
...image. But images matter, not least to African Americans after years of O.J. Simpson and R. Kelly media frenzies. On Comedy Central's Chocolate News, David Alan Grier chided Obama for wearing a tracksuit the day after the election: "Barack, people voted for you because you're not Al Sharpton! Don't start dressing like...
...look at them, on every channel and newsstand. And consider the context. This year the networks announced a schedule of new fall series without a single black lead character. Now America's biggest television show--a family comedy, a West Wing--style drama and true reality TV--has an African-American cast...