When Lenders Won't Listen

In the wake of Hurricane Sandy, necessity has bred an interesting kind of financial invention for the New York MTA: the world’s first “catastrophe” bond - a reinsurance for the insurer - designed to protect public transportation infrastructure, specifically against storm surge. These bonds privatize risk for public gain, creating a kind of tool that may protect economic development against all kinds of natural and man-made disasters around the world.

Too often socially useful businesses end up failing because they get ahead of themselves and end up not being profitable. Companies now can select from an 'opportunity map' of ventures that serve the poorest individuals, and are more likely to be profitable and sustainable.

A consent decree ensures juveniles are not held more than 21 days in a Jackson, Miss., facility that was the subject of a lawsuit over the number of children it held and the conditions they faced. But opponents, including a youth court judge, say this is not solving the underlying problems facing the young offenders and even the plaintiffs in the suit says the larger issue is the approach to juvenile justice in the state.

The ACLU has unrolled a new operation to counter human rights abuses under the current administration. They’ve hired more lawyers, taken 170 “Trump-related legal actions, and filed 83 lawsuits against the Trump administration. They’re also getting more engaged with electoral races, something they have never done before. “That’s the way we’re going to survive this. Pressure in the courts, pressure from the public.”

Twenty years ago, five, poor, rural counties sued the state of North Carolina for failing to provide students with a good education, and won. In 1997 the Chief Justice Supreme Court judge ruled in favor of the plaintiffs in the case known as Leandro v. State. However, the decision wasn’t really enforced by the government, and until 2017 a court appointed agency was hired to investigate the state. “Leandro sets the bar but you still need to have elected officials, school officials and court officials willing to uphold it,”

Although the cash bail system has long been used in the US criminal justice system, many argue that it is biased based on socioeconomic levels. To reduce this bias, criminal justice researchers and data scientists have created a new risk assessment tool that uses an algorithm taking age, history of missing court and former crimes into account before making a recommendation on bail.

A collaborative funding organization called the Runway Project gives loans to primarily Black entrepreneurs in the Oakland area. The initiative aims to address racial disparities in startup capital by reducing the financial risk of starting a business. The program also includes personalized support as a "wrap around" approach to the lending process.

Black banks have been held up by leaders and celebrities in the community as a way to end Black poverty. Previous efforts have been made in the 1960s when Black banks gave loans to community members after being denied home loans from white banks. But those loans lost money when housing values declined as a result of redlining policies that damaged public schools. Black banking therefore was not the answer to ending Black poverty and bridging the gap between white and black wealth. One law professor believes the answer lies in public banking which is funded by tax revenue and acts as a public utility.

Domestic abuse of the staff in the households of the 1% is often overlooked or ignored. But foreign missions in the US that abuse their domestic staff are finally being held accountable.

The Defender Association of Philadelphia practices community-oriented public defense — also known as "holistic defense" — to connect clients with support services and resources that help address the root causes of crimes. The association works with social workers, investigators, and paralegals to get clients access to housing, food, jobs, and healthcare, as well as mental health and substance use treatment, with more than 150 people referred to treatment providers between September 2016 and January 2017.