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Extreme Inequality: Race and the Mortgage Meltdown

Dedrick Muhammad, co-author of Foreclosed: State of the Dream 2008, comments on why Barack Obama’s candidacy may have little impact on the racial wealth divide. The mortgage meltdown has revealed a staggering wage and home ownership gap between white and black Americans, one that has changed little since the height of the civil rights era. Indeed, the black homeownership rate is only 47 percent, compared with 75 percent for whites. And, in the subprime fiasco, African-Americans will lose between $72 and $93 billion. Find out here why a further entrenchment of the racial wealth divide looms and what can be done to address it. For more, visit www.Extremeinequality.org.

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Laura Flanders

Laura Flanders

Laura Flanders, author, and host of RadioNation on Air America Radio, has built a reputation for courageous investigative journalism coupled with compassion and a sense of humor. In writing her last book, Blue Grit, she traveled the country reporting on grassroots success stories and broadcast live to over 150 radio stations from community centers in places including Helena, Salt Lake City, New Orleans, Miami, Las Vegas, and Milwaukee. In her television appearances (Lou Dobbs, Larry King Live,) on radio and in her many books (including Bushwomen: Tales of a Cynical Species) and articles (The Nation and others,) Flanders calls for a new politics of fairness, equality and citizen action. Articulating the human dimension of American communities in trouble, her programs have become destinations for those seeking the skills and the will to make a difference. Flanders is a regular contributor to the Nation Magazine and CNN. Before joining Air America, where she was part of the original lineup, and hosted “The Laura Flanders Show” for three years, Flanders was the founding host of the award-winning “Your Call” weekday mornings on public radio, KALW in the Bay Area and CounterSpin, the radio show of the mediawatch group, FAIR.