Economic Corner 24

Economic Corner

The Two Economies of the USA have a simple problem. 

https://aalbc.com/tc/topic/11979-economiccorner024/

IF YOU DONT WANT TO CLICK THE LINK, READ ON

One is financially wealthy, always growing fiscal wealth based on arithmetic manipulation plus flexibility supported by the most powerful military in humanity , but also always needing bailouts. Always too big too fail, even though it fails a lot. 

The other is losing jobs, losing investment,has a balooning populace. But hasn't led to riots, it is holding on to hope. 

NYC is clearly showing this. 

Eric Adams a few years ago stated New York City has a bustling economy, job growth is unlike ever before. But, this article admits that for ten years in a row, over one hundred thousand children in New York City were homeless. Now, out of ten million, one hundred thousand is one percent. One percent of the cities populace is homeless. That isn't anything to cry doom for, but every member of said one percent has parents who are not financially able to provide better, which means three percent. Again, no need to cry doom but if the labor market in New York City is so vibrant, then get the parents of the homeless children jobs. But here likes the worse part. I know many in New York City who have what will be called good jobs and they are moving into places because of lotteries. Every single person that gets a lottery can't afford to live in that place on their own financial footing. Then you add adults living with older adults, parents/uncles/et cetera. What is the point? The strategy of building new buildings has never lowered the rent. Freezing the rent doesn't lower the rent.  Mamdani who has the lead to be next mayor of New York City + Cuomo or Sliwa trailing him , don't have a financial plan that is viable.  I repeat, none of the current candidates for the mayor of NYC have a financial plan that is viable for New York City. So whomever wins will only be adding on to more financial chaos in New York City.  In defense this was not built today, it was built in the 1970s. I repeat in the Economic Corner, the following industries in the USA from the 1970s to 2025 completely failed at least once, ledgers were blood red at least once,  but not one of these industries at any time went through the proper financial result of industrial failure, which is liquidation and sale of all assets to cover debts and market vacuums to filled by others.  Banking Industry Automotive Industry Electronics Industry Real Estate Industry Dot Com Industry Bitcoin Industry Film Industry Offline or online I recall so many times Black people told me , concerning a failing or failed Black owned business, they have to get it together, they got to learn how to play the game.  While whole white industries are failing multiple times and getting friendly loans from the federal government.  Goldman Sachs failed everybody. That company should be under. The White Jew failed. The Film industry failed, this is why 20th century fox was bought by Disney while paramount side discovery side warner bros are all looking to be bought by a holding firm. That is called failure.  Now some will suggest white financial failure is not black financial failure and I argue that gets to the center of my point. Black people in the USA are in an environment, where we haven't enslaved other human beings or murdered other human beings to create generational wealth. Black people in the USA are in an environment were we are telling ourselves to have an inhuman financial ability while non Blacks are literally proving themselves to be terrible at business throughout many sectors but have the saving grace of the federal government to bail them out regardless of their financial quality. So then looking at Black people in the USA who are homeless, how should they look at the USA? at their situation in the USA?  When your black neighbor/elder who never had the money to financially support you is telling you about having improper work ethics and a lack of intellect , the non blacks who were born in financial safety or better are destroying entire industries with the ultimate safety neck, backed by the usa military. The word inequal is not enough for this scaling variance. 

URL
https://ny1.com/nyc/all-boroughs/education/2025/10/17/more-than-150-000-nyc-students-were-homeless-during-the-last-school-year

More than 150,000 NYC students were homeless during last school year BY Jillian Jorgensen New York City PUBLISHED 6:00 AM ET Oct. 20, 2025 More than 154,000 students were homeless at some point during the last school year, continuing a decade-long trend and amounting to one in seven public school students. “This is the tenth year in a row where over 100,000 kids were identified as homeless last school year. This is the first year it was over 150,000 students experiencing homelessness. These numbers obviously are very troubling,” said Jennifer Pringle, project director at Advocates for Children, which compiles the annual data. What You Need To Know For the 10th year, more than 100,000 students were homeless under the federal definition of the word last school year More than 65,000 students spent at least one night during the last school year in a city shelter Those students face barriers to getting an education, including difficulty getting to school and high rates of chronic absenteeism Among those students: 65,000 spent time living in homeless shelters 82,000 were doubled up — sharing someone else’s housing after losing their own  7,000 were living in motels, hotels or otherwise without stable housing “While the city continues to focus on addressing the affordability crisis, the homelessness crisis, we can't lose sight of the educational needs of young people experiencing homelessness now,” Pringle said. Pringle says homeless students face significant barriers to having success in school, and 67% of students in shelters are chronically absent. “That means that 67% of students living in shelters miss more than 10% of the school year. That is roughly a month of school,” she said. Students have a federal right to remain in their school when they become homeless, which can help provide stability at a difficult time. But the city routinely moves children into shelters far from their schools. “Forty percent of families are placed in shelter in a different borough from where they go to school — not just neighborhood, not community school district, different borough. That poses all sorts of challenges for families,” she said. “Long commutes, meaning parents can't work. They can't look for permanent housing because they're busy spending their day, taking their child back and forth to school.” Students are entitled to transportation back to their old school, but many wait weeks for the city to set up busing or endure long commutes to their old schools, leading them to be late or absent.  “We hear from families, you know, it's mid-October, who are still waiting for a school bus, still waiting,” she said. Pringle says the next mayor should make these students a priority. “This can't just be: ‘New York City Public Schools, you figure it out.’ It needs to be a multi-agency approach, all working together, laser-focused on how can we ensure better supports for students experiencing homelessness.” An education department spokeswoman pointed to efforts the city has made to better support these students, including more than 350 dedicated staff for supporting students in temporary housing, some based in shelters.  “Education is key to breaking the cycle of homelessness, and we will continue to strengthen our trauma-informed, cross-agency and data-driven strategies to help students and families thrive,” the spokeswoman, Chyann Tull, said. A City Hall spokesman said Mayor Eric Adams has been clear that every child deserves a place to call home. “Through tailored support in our schools and innovative programs through our city agencies, we’re working every single day to address homelessness and ensure our students have the resources they need to thrive,” the spokesman said. The Department of Homeless Services says it has been focusing on placing families closer to support systems, and that the city was able to increase the percentage of students currently living in shelters in their youngest child’s school borough to 81% in the last fiscal year.

From a parents mouth
URL
https://ny1.com/nyc/all-boroughs/education/2025/10/17/one-family-s-experience-navigating-public-school-while-homeless
 

One family's experience navigating public school while homeless BY Jillian Jorgensen New York City PUBLISHED 8:00 PM ET Oct. 20, 2025 Kezie Thomas knows what life is like for the 65,000 students in city schools who lived in a homeless shelter at some point last year. She watched her daughter live through it as they bounced around the shelter system. “My daughter was like, moved every semester, and it's really messing up her, you know? She's finding it hard to build relationships with friends, you know. She's finding it hard to focus. She is falling asleep because she's tired from the commute, coming home at this hour. After six in the evening and waking up at five in the morning,” she said. What You Need To Know Kezie Thomas now has permanent housing — but when she was living in a shelter, she often faced long commutes to her child's school When she was finally assigned a school bus, the bus was often late or did not show up at all Her child struggled with the frequent moves — but is now doing much better attending a school close to her apartment Last school year, 154,000 students were homeless for at least a night. About 65,000 students spent some amount of time living in a city homeless shelter. Another 82,000 were doubled up, sharing someone else’s housing after losing their own. And 7,000 were living in motels, hotels, or otherwise, without stable housing. Thomas and her family became homeless after a marketing business she ran began to struggle a few years after the pandemic hit, prompting her first to crash with friends and family and ultimately enter shelter. They were often placed in shelters far from her daughter’s school. That prompted Thomas to change her child’s school at least five times over the years she was in and out of shelter. “The final shelter that I stayed at before being placed in permanent housing, it was like an hour and 15 minutes almost to get to her school. And that was a disaster,” she said. At first, Thomas had to bring her older child to school via public transit — with a baby in tow.  “I'm doing my best to try to commute to get on the trains for this long hours, raise up the stroller up and down the train, some of the stations don't even have, like, you know, elevators,” she said. Eventually, she was assigned a yellow school bus to bring her to school. But that didn’t solve much. “There [were] many days that the school bus would not show up. They would not even let you know that they're not showing up,” she said. “Then when I finally call into the company, the bus company, they will just take the — create the ticket number, and they'll just do that over and over and over. And you really don't know if they're looking into the problem.” Now, she’s in permanent housing and moved her child one more time -- to a school that’s just four minutes away. “She loves it. For the first time in forever, she says that she loves her friends, she loves the teachers. She's doing well,” Thomas said of her fifth-grader. She says her religious faith is what got her through her time in shelter. And now, she wants to advocate for other women in her position. She also wants the candidates running for mayor to understand what it’s like for families like hers — and to be accountable when the city's systems fail. “When it comes along electoral time, you see the mayor, the government, everybody, you know, they’re campaigning, ‘Vote for me. I'm going to do this, I'm going to do that.' But as soon as that is over, they can't even be reached,’” Thomas said. “These people don't even know what it feels like. I'm pretty sure they don't even know what it feels like.” She described calling the bus company and getting nowhere. “You just deal with whatever happened today, and you just move on. And I think that is very unfair,” she said. “The people that are in shelters, most people think that homeless people are like, you know, bums or they don't have an education or they have nothing going for them. But that's not the case. Everybody hits a break in life, you know, and that's what happened. That's my story, because I'm coming from a background of degrees and running a business and, you know, and it's a humbling moment and having to go through that. It taught me a lot, and it just empowered me even more to educate my daughter.” 

Prior Edition

https://aalbc.com/tc/events/event/562-economic-corner-23/

COMMENTS

@ProfD

  On 10/24/2025 at 1:10 AM, ProfD said:

Dr. Frances Cress-Welsing had it right in proselytizing that Black folks should not procreate or marry until they are at least 30 years old.

have you or anyone else who follows Welsing asked her the following questions? 

1) does she want the black dos population in the usa to get old and die? 

2) does she prosyletize to non black dos woman,including black recent immigrant women plus all non black women from wherever: who don't speak english in the usa, are not college educated, on welfare , are not thrity, or have three or better children not to have children fr which NYC has millions?

  On 10/24/2025 at 1:10 AM, ProfD said:

I hope that Black folks will find a way to build wealth despite the handicap of legacy of slavery over four centuries and obstacles built into the system of racism white supremacy.

Black people in the usa have nonviolently built wealth in the usa nonviolently having the legacy of enslavement + jim crow forcing most of said wealth to come through individual efforts. 

The question to you as I ask others in the this forum, is what do you want from the black populace in the usa to be satisfied? I define satisified as a situation where you Profd no longer have a complain to the black populace in the usa. I will ask the specific question at the end of my comment. 

I asked @Pioneer1 a while back, what will it take for him to be satisfied, meaning the same as you, concerning the issue of illegalities, for Pioneer continually suggest one instance of illegality from one individual in the black populace in the USA is too much and shows urgency. His answer was until the black populace commits no illegalities he will have a complaint. 

Now Pioneer in my reading has never displayed the same passion to non black or non black doser illegalities in the usa. His variance in approach suggest they are allowables or acceptables to him. 

So Profd, what will satisfy you financially concerning the black populace or specifically, the black dos populace in the usa?