Category: Economy

Africa
Kathleen Untalan

Bakersfield’s Nigerian Community Eyes a Role in Growing California-Nigeria Ties

The relationship between California and Nigeria took center stage at the United Nigeria Diaspora Foundation’s (UNDF) 2026 annual dinner, where community leaders, elected officials and a senior California state official explored how the Nigerian diaspora could help deepen economic, cultural and diplomatic ties between the two countries.

Bakersfield
Stefi Mar

Rising Car Insurance Rates Are Putting New Pressure on Household Budgets

Rising car insurance rates are forcing households to reconsider how much they drive, what coverage they carry, and which expenses can wait. Drivers can ease the pressure by comparing policies, reviewing deductibles, and removing unnecessary costs without giving up essential financial protection.

African Americans
Stefi Mar

Insurance redlining means two identical drivers pay different prices

Insurance redlining happens when the address on your policy shapes your rate more than your record behind the wheel. Companies build prices from personal details like your neighborhood and credit, not just your driving history. The result: two drivers with identical records can pay far different premiums, and the steeper bill usually falls on Black neighborhoods.

US Dept of Labor
African Americans
News Observed

Black Women’s Unemployment Rate Fell. The Reality Behind It Didn’t

Black unemployment is the highest of any group in the country, yet one number moved the ‘right’ way this year. The improvement is a statistical illusion — and understanding why reveals both who got pushed out of the workforce and what Black women are building instead.

African Americans
Stefi Mar

Predatory Auto Lending Exploits Black Consumers

Nearly 92 percent of American households rely on a personal vehicle to manage their daily lives.  Consumers shopping for a vehicle in May learned that the average cost of a new car was $49,307, and that used cars averaged $25,918, according to Cox Automotive.

Bakersfield
Stefi Mar

Gov. Newsom Signs New Affordable Housing Legislation

Gov. Gavin Newsom has signed new legislation aimed at expanding affordable housing, reducing construction costs and speeding up housing development across California as part of the state’s 2026-27 budget.

Bakersfield
Stefi Mar

From Blueprint to Breakthrough: Tackling Affordable Housing in New York City

Finding an affordable place to live continues to be a challenge for many as widespread housing shortages persist across the U.S. Rising home prices and high interest rates have made homeownership inaccessible for a large portion of the population. Meanwhile, as rental demand increases, the number of renters facing affordability challenges is also growing.

Bakersfield
Stefi Mar

Your Home is an Investment: How to Create Generational Wealth

For most Americans, owning a home has long been considered a cornerstone to building and preserving generational wealth. A home purchase often symbolizes more than just securing a place to live – homeownership can help anchor families, support long-term financial stability and fuel local economic growth.

Bakersfield
Stefi Mar

California Birth Rate Falls Below “Replacement Level”

California’s birth rate has fallen to its lowest level on record, dropping well below the threshold needed to maintain population growth and signaling a major demographic shift that could reshape the state’s economy, schools, workforce and political influence in the decades ahead.

African Americans
Stefi Mar

Opinion: Our Urban Hospitals Are at Risk. Billionaire Tax Cuts Are to Blame

As a frontline healthcare worker, I know what happens when hospitals are stretched too thin: people wait for hours in crowded emergency rooms, nurses try to care for too many patients at once, families delay treatment because they’re afraid of the bill. In many Black and working-class neighborhoods, this isn’t a temporary crisis, it’s a daily reality, and without intervention, it’s about to get much, much worse.