Susan Rice: Investing in Equity for Economic Growth Creates Jobs for All

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • India’s Health System Reels From a Deadly Wave of Covid-19 Cases
  • Chauvin ‘Betrayed the Badge,’ Prosecutor Says in Final Argument
  • JPMorgan Backs Europe’s Super Soccer League With $4.8 Billion
  • Bloomberg Quicktake: Now published this video item, entitled “Susan Rice: Investing in Equity for Economic Growth Creates Jobs for All” – below is their description.

    President Joe Biden on Tuesday will sign a set of executive orders aimed at improving racial equity across American society, including combating discrimination in housing policies and ending the use of private prisons.

    Biden will issue four executive orders on Tuesday, an administration official said, in his first policy response to nationwide protests over institutionalized racism.

    The actions add to a long list of executive orders he’s taken aimed at advancing his campaign promises and rolling back former President Donald Trump’s policies.

    Biden is directing the Department of Housing and Urban Development to review and change policies from the Trump administration that undermined protections under the Fair Housing Act, the White House said.

    The White House said Biden is making efforts to end mass incarceration, which disproportionately affects people of color. He will direct the attorney general not to renew contracts with privately operated detention facilities — reversing the Trump administration’s approach — saying those prisons profit from keeping inmates in less safe conditions.

    The move may impact the country’s two largest operators of private prisons, GEO Group Inc. and CoreCivic Inc., which saw their share prices gain significantly after former President Donald Trump was elected in 2016. Trump ended an Obama-era prohibition on the Justice Department’s use of private prisons and also expanded detention by federal immigration authorities.

    Both companies slipped on the news. GEO Group erased a gain to trade down 2.3% as of 12:35 p.m. in New York. CoreCivic fell 5.6%.

    GEO and CoreCivic have sought to diversify from federal contracts by signing deals with states to build and operate prisons.

    One of the orders aims to empower Native American tribal self-determination, and another targets xenophobia against Asian Americans. The action directs the Department of Health and Human Services to consider issuing guidance to advance language access to the Asian American community in the federal government’s response to Covid-19.

    The director of the White House Domestic Policy Council, Susan Rice, said at a briefing that Biden also intends to address moves by Republican-led state legislatures to roll back voting expansions that contributed to Donald Trump’s defeat for re-election.

    “It’s a matter of real concern because we ought to be in the business of encouraging and enabling all Americans who are eligible to vote, to be able to vote,” she said.

    The killings last year of Black people at the hands of law enforcement — including George Floyd in Minneapolis and Breonna Taylor in Louisville, Kentucky — sparked protests that swept the country, drawing more attention to deep-seated racial disparities.

    Biden also has indicated he wants to close the racial wealth gap in the U.S., and his economic team includes officials with experience on that issue. He hasn’t proposed specific policies on how to narrow the gap.

    The coronavirus pandemic has drawn more attention to health and economic disparities that are impacting Black, Latino and Native American populations.

    The end of 2020 brought the sharpest rise in the U.S. poverty rate since the 1960s, and disproportionately affected Black Americans, according to a study released Monday Economists Bruce Meyer, from the University of Chicago, and James Sullivan of the University of Notre Dame. The poverty rate for Black Americans is estimated to have jumped by 5.4 percentage points, or by 2.4 million individuals.

    By focusing on racial discrimination, Biden is taking steps to deliver for the people who helped him win the White House. Black voters in particular helped Biden secure the Democratic party’s nomination and then the presidency in November, as well as two Senate seats for Georgia.

    Bloomberg Quicktake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • NBC Nightly News Broadcast (Full) – April 19th, 2021 | NBC Nightly News
  • What Will Post-Pandemic Work Look Like?
  • Global National: April 19, 2021 | Canada pledges nearly $50B in spending in new budget
  • Will Vaccines Protect Us From All Covid-19 Variants?
  • All U.S. Adults Now Eligible for Vaccine; GOP Struggles to Attack Biden: A Closer Look
  • In This Story: Donald Trump

    Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.

    5 Recent Items: Donald Trump

  • Trump on if he’s considering a 2024 presidential run | ‘Hannity’ exclusive
  • Trump slams Biden’s border failures in ‘Hannity’ exclusive
  • After backing Trump, Toyota rethinks on climate
  • DONALD TRUMP 2024: The controversial former US President looks like he’ll run again
  • DONALD TRUMP UNCENSORED: The former US President continues to make headlines.
  • In This Story: George Floyd

    George Floyd was an African-American man who died on 25th May 2020 in Powderhorn, Minneapolis, Minnesota, USA, following police arrest. Video recording by a witness, showing Floyd repeating “Please”, “I can’t breathe”, and “Don’t kill me”, was widely circulated on social media platforms and broadcast by media. The incident led to widespread protests across the United States.

    9 Recent Items: George Floyd

  • Attorney representing Floyd’s family reacts to Chauvin murder trial
  • Attorneys present closing arguments in Derek Chauvin trial
  • Derek Chauvin trial continues with closing arguments | Day 15
  • Chauvin jurors facing ‘through the roof’ stress as deliberations begin
  • Jury deliberates Chauvin case in death of George Floyd | WNT
  • George Floyd: Will Derek Chauvin’s trial change US policing? – BBC Newsnight
  • Derek Chauvin trial goes to jury after closing arguments
  • Prosecutor tells jury: George Floyd is dead is because Chauvin’s ‘heart was too small’
  • Watch again: Closing arguments in Derek Chauvin trial for murder of George Floyd | Day 15
  • Leave a Comment