Economy - Observer News Group

Biden Administration Takes Action to Increase Transparency and Eliminate Hidden Rental Fees

by Stefi Mar | Jul 25, 2023 | Bakersfield, Economy, Joe biden, Los Angeles, Valleys | 0

Seeking to promote transparency and fairness for renters, major online real-estate marketplaces have joined the Biden administration’s initiative to crack down on hidden apartment rental fees. 

Bridging the Wealth Gap: 26th Annual Homeownership Fair Empowers Low-Income Communities

by Stefi Mar | Jul 18, 2023 | Economy, Local, Los Angeles, Valleys | 0

The 26th Annual Homeownership Fair, hosted by Faith and Community Empowerment (FACE), drew enthusiastic crowds this past weekend at Wilshire United Methodist Church. Lines wrapped around the venue as attendees sought to take the next steps in achieving their dreams of homeownership and building generational wealth.

IRS Admits Targeting Black Taxpayers For Audits

by Stefi Mar | May 17, 2023 | Bakersfield, Economy, Features, Financial Markets, Los Angeles, Valleys | 0

IRS Commissioner Daniel Werfel has acknowledged what many have known for some time: Black taxpayers face an IRS audit exponentially more than other groups.

Lawsuits Pile Up Against Companies Who Failed to Honor DE&I Pledges After Murder of George Floyd

by Stefi Mar | Apr 18, 2023 | Bakersfield, Economy, federal courts, George Floyd, Los Angeles, Valleys | 0

The aftermath of George Floyd’s murder has led to several large corporations facing multiple lawsuits for failing to meet the diversity, equity, and inclusion (DEI) commitments they made.

A Stanford collaboration with the Department of the Treasury Admits Black Taxpayers are Targeted for Audit More than Others

by Jovi | Feb 21, 2023 | Economy, Featured, Features, Financial Markets | 0

According to Stanford RegLab, Black taxpayers receive IRS audit notices at least 2.9 times more frequently than non-Black taxpayers and possibly as much as 4.7 times more often.

Study Finds Six-Figure Earners Also Living Paycheck-to-Paycheck

by Jovi | Feb 7, 2023 | Economy, Employment, Front Page | 0

In 2022, the economy proved as volatile as ever, with less disposable income and greater unpredictability.

New World’s Tallest Christ Statue Received More Than 130,000 Tourists In 2022

by News Observer | Jan 6, 2023 | Economy, Latin America, Latino, Religion, The Americas, Travel, Urban News | 0

More than 130,000 tourists have visited the Christ since September 2021
The post New World’s Tallest Christ Statue Received More Than 130,000 Tourists In 2022 appeared first on Zenger News.

Mental Health Is Major Hurdle to Solving California’s Homelessness Crisis

by News Observer | Jan 3, 2023 | Economy, Front Page, Health, Local, State, Valleys | 0

Aaliyah Muhammad is a member of the civil rights group All of Us or None and a pillar of her community in Sacramento. She works tirelessly to help the homeless population along Market Street, a thoroughfare in the Sacramento County community of Walnut Grove.

Waters Releases Report Celebrating Four Years of Historic Committee Achievements

by News Observer | Dec 27, 2022 | Congress, Economy, Maxine Waters, Politics | 0

Today (December 30th, 2022), Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational…

NCRC Files HUD Complaints Against Appraisers Who Discriminated Against Black Homeowners in Recent Investigation

by Jovi | Nov 8, 2022 | African Americans, Economy, World & Nation | 0

Federal housing officials should sanction two appraisal firms in Baltimore over their discriminatory treatment of Black homeowners who participated in a recent “mystery shopper” investigation of appraisal bias, the National Community Reinvestment Coalition (NCRC) wrote in a pair of complaints filed with the Department of Housing and Urban Development (HUD).