👓 ‘A way of monetizing poor people’: How private equity firms make money offering loans to cash-strapped Americans | Washington Post

Read ‘A way of monetizing poor people’: How private equity firms make money offering loans to cash-strapped Americans (Washington Post)
As treasury secretary, Tim Geithner criticized predatory lenders. Now the private equity firm he leads runs a company that mails high-rate loans to risky customers.
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🎧 ‘The Daily’: Racism’s Punishing Reach | The New York Times

Listened ‘The Daily’: Racism’s Punishing Reach by Michael Barbaro from nytimes.com
For decades, Americans have believed that the best way to end racial inequality is to end class inequality. But a landmark 30-year study is debunking that logic.



On today’s episode:
• Emily Badger writes about cities and urban policy for The Upshot, The New York Times’s data-driven venture.
• William O. Jawando worked in the Obama administration on My Brother’s Keeper, a mentoring initiative for black boys.

Background reading:
• Extensive data shows the punishing reach of racism for black boys.

Is there no humanity left in the world? The more I see and hear of the world, the more I want to remove the positive connotation that the word humanity is frequently assigned.

This story is both very powerful and painfully depressing for me, and yet I know there are many that are still far worse. I hope we can find something in these statistics that can help drastically improve the paying field.

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