In 2023, The Federal Reserve and other banking regulators announced they were making changes to how they grade banks on servicing local communities. This all stems from a 1977 law called the Community Reinvestment Act, which was designed to encourage banks to better meet the needs of moderate and low-income borrowers. However, major banking trade groups weren't too excited about the new rules and filed a lawsuit against the banking regulators last week.
Today on the show, we explain the history of racist housing policies in the United States and how that history informs the banks' fight with the government today.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
The approval rate for green card applications is remarkably low. David Bier explains in a new paper how to improve the backlogged process of welcoming new people to the United States.
In this episode, Cal Thomas joins Mark Bauerlein to discuss his new book “A Watchman in the Night: What I’ve Seen Over 50 Years Reporting on America.”
Music by Frederic Chopin licensed via Creative Commons. Tracks reorganized, duplicated, and edited.
Adam White joins today to discuss his article "The Power Broke Her," about the powerful Washington bureaucrat Lina Khan and her agenda. We begin, though, with the alarming word of an undefined national security threat and the fact that conventional opinion now seems obsessed with denying Israel a victory in its war on Hamas. Give a listen.
Pop culture can be a powerful tool for social and political activism – but what happens when it's used to incite discrimination, or even violence? That's the question at the heart of journalist Kunal Purohit's book, H-Pop: The Secretive World of Hindutva Pop Stars. In today's episode, Purohit speaks with NPR's Diaa Hadid about how influencers, pop songs and poems are promoting Hindu nationalist values in India, and how political propaganda on social media can legitimize hate towards minority groups.
To listen to Book of the Day sponsor-free and support NPR's book coverage, sign up for Book of the Day+ at plus.npr.org/bookoftheday
Egypt's economy is facing its worst crisis in decades. The situation could further destabilize the Middle East if it goes unresolved. Now, the International Monetary Fund is working with Egyptian leadership to figure out another deal for a multi-billion dollar loan ... but will it be enough? Today, we look at how Egypt has fallen into economic crisis and whether its economy is too big to fail.
Related episodes: What could convince Egypt to take in Gaza's refugees? (Apple / Spotify)
Red Sea tensions spell trouble for global supply chains (Apple / Spotify)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Democrats win George Santos’s seat back, the House impeaches the Homeland Security Secretary instead of addressing the border crisis, and Biden joins TikTok. Addisu Demissie joins Lovett to break down the news and Chris Christie talks about what it will take to defeat Trump and whether he will support Biden in order to do it.
For a closed-captioned version of this episode, click here. For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.
The special election in New York not only went to Democrat Tom Suozzi—he also won by eight points. We debate whether this means Republican hopes for immigration as a killer issue for them might be problematic, and whether the behavior of the Republican House these past two weeks is giving Democrats a serious chance of putting meat on the bones of running against the "do-nothing GOP." Give a listen.