Black History

COMMENTARY: California Congresswoman Maxine Waters Makes History

NNPA NEWSWIRE — Congresswoman Maxine Waters is now the first Black and the first woman to chair the powerful House Financial Services Committee. Having served on this committee since 1995, and its Ranking Member in the previous Congress, Waters will set the committee’s agenda in key areas affecting the economy, banking, housing, insurance and securities.

Published

5 years ago

January 12, 2019

Oakland Post

By Charlene Crowell, NNPA Newswire Contributor

As 2019 begins, there is also a new Congress with leadership in the House of Representatives that makes history for people of color and women alike.

Long-time California Representative Nancy Pelosi returns as Speaker of the House – the first time in 50 years that a Member of Congress has achieved this feat. On a gender note, Speaker Pelosi becomes the most powerful woman on Capitol Hill and the only female in the nation’s history to do so.

There’s also another key woman and legislator that is making history. Congresswoman Maxine Waters is now the first Black and the first woman to chair the powerful House Financial Services Committee. Having served on this committee since 1995, and its Ranking Member in the previous Congress, Waters will set the committee’s agenda in key areas affecting the economy, banking, housing, insurance and securities.

The House Financial Services Committee oversees the activities and responsibilities for major financial regulators, agencies, and the nation’s central bank, the Federal Reserve. These agencies include but are not limited to the Department of Housing and Urban Development (HUD), the Federal Deposit Insurance Corporation – that insures monies in depository institutions, as well as the Securities and Exchange Commission that is charged with maintaining fair and efficient investment markets.

In other words, the fiery and bold Black lawmaker who earned a reputation for challenging Wall Street and major lenders during the housing crisis will now set the direction for a range of financial players, regulators, and institutions. From monetary policy to the production and distribution of currency, and expanding financial access to affordable housing options, a progressive and principled committee chair is running the show. She is also expected to set standards of performance that level the financial playing field and hold lenders accountable when they take advantage of consumers or discriminate in their lending.

With the right kind of regulation and committee oversight, the nation may be able to change financial trends that have worsened both racial and gender wealth gaps.

For example, a December 2018 report by the Asset Funder’s Network analyzed racial and gender disparities in wealth and found that Black and Latina women have “lost substantial amounts of wealth in the last two decades”.

From 2007 to 2016, Black women ages 45-65 had a 74 percent drop in median wealth, compared to that of White women who experienced a 28 percent drop. Further, the Asset Funders Network concluded the median “quasi-liquid” savings for single Black and Latina women aged 45-50 was $0.

Earlier in 2017 the Federal Reserve found that nearly 1 in 5 black families have zero or negative net worth — twice the rate of white families. Additionally the median net worth of Black families was one-tenth of that held by White families.

These wealth disparities continue to plague communities of color in large part because of disparities in home ownership that enable consumers to build wealth. Year after year, the Home Mortgage Disclosure Act (HMDA) report has consistently found that consumers of color are denied access to mortgages, especially private conventional loans that remain the most sustainable and affordable loans.

Last year, the Center for Investigative Reporting published its analysis of the most recent HMDA report. “It found a pattern of troubling denials for people of color across the country, including in major metropolitan areas such as Atlanta, Detroit, Philadelphia, St. Louis and San Antonio,” states the report. “African Americans faced the most resistance in Southern cities – Mobile, Alabama; Greenville, North Carolina; and Gainesville, Florida – and Latinos in Iowa City, Iowa.”

A second but equally harmful trend is predatory lending that targets these same consumers with high-cost credit that creates debt traps. When consumers find themselves short of cash before paydays, overdraft fees, payday and car title loans are among the most predatory due to their extremely high interest rates and failure to consider whether borrowers have the financial capacity to repay the loans without taking on additional debt.

For all of Black America, as well as consumer advocates and others who believe financial fairness should be the nation’s watchword, an expectation of a new era of accountability, access and transparency is hoped to soon unfold.

“She is a tough and savvy defender of consumer protection and holds the feet of the banks and the Trump administration regulators to the fire,” said Mike Calhoun, president of the Center for Responsible Lending in a recent interview.

Should anyone doubt the resolve of Congresswoman Waters, consider her reaction last fall when she and other prominent progressives faced a series of bomb threats and other violence.

“We have to keep doing what we’re doing in order to make this country right,” Waters told the Washington Post. “That’s what I intend to do. And as the young people say, ‘I ain’t scared.’”

Charlene Crowell is the Center for Responsible Lending’s Communications Deputy Director. She can be reached at Charlene.crowell@responsiblelending.org.

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Oakland Post: Week of September 27 – October 3, 2023

The printed Weekly Edition of the Oakland Post: Week of September 27 – October 3, 2023

Published

1 day ago

September 29, 2023

Oakland Post

The printed Weekly Edition of the Oakland Post: Week of September 27 - October 3, 2023

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Black History

Crafting Freedom and Time: The Life and Legacy of Clockmaker Peter Hill

Peter Hill, a skilled clockmaker, was born on July 19, 1767, in Burlington Township, New Jersey. Peter’s journey unfolded against the backdrop of both challenge and triumph.

Published

2 days ago

September 28, 2023

Oakland Post

One of clockmaker Peter Hill’s works is on display at the National Museum of History and Technology at the Smithsonian Institute in Washington, D.C. File photo.

By Tamara Shiloh

Peter Hill, a skilled clockmaker, was born on July 19, 1767, in Burlington Township, New Jersey. Peter’s journey unfolded against the backdrop of both challenge and triumph.

Hill’s lineage is thought to trace back to enslaved parents, owned by Joseph Hollinshead Jr., a clockmaker. A twist of fate had Peter growing up within the Hollinshead household, where he absorbed the intricate art and craft of clockmaking. As he matured, the hands of destiny guided him towards assisting Hollinshead in his clock store, honing his skills with each passing tick.

In 1794, at the age of 27, Hollinshead emancipated Hill from the chains of enslavement, and the subsequent year witnessed the official affirmation of his freedom through a court document. A momentous turning point, this marked the beginning of Hill’s journey as a free man.

A love story of significance unfolded when Peter Hill and Tina Lewis exchanged vows on Sept. 9, 1795. Tina, celebrated for her adept writing and her efforts in offering education to African Americans within the community through the Society of Friends (Quakers), brought her own radiant light to their shared path.

After marrying, he embarked on a new endeavor in 1795, crafting clocks and watches within his Burlington, New Jersey home. As his craftsmanship flourished, so did his success, prompting him to expand his horizons. Alongside timepieces, Peter’s legacy extended to the ownership of cattle, horses, and expansive plots of land.

By 1814, Peter relocated his clockmaking business to Mount Holly. There, he thrived within the Quaker farming community where his creations would succeed. It was amidst the hum of paper mills and iron works that Peter’s clocks found their place.

The passage of time bore witness to the endurance of Peter’s craft. Not one, but two of his timepieces survived the era. The first, created for neighbor Rowland Jones in 1812, found a new home at Westtown School in Westtown, Pennsylvania.

The second, a stately tall case clock, graced the halls of the National Museum of History and Technology at the Smithsonian Institute in Washington, D.C., a testimony to Hill’s enduring legacy.

On a notable date, Feb. 20, 1820, Peter Hill’s story took another turn as he acquired a brick dwelling house and land in Mount Holly. That same year, he passed away, leaving behind a legacy woven into every tick of time. Even after his passing, his influence, his craftsmanship, and the spirit of his journey continue to echo through the pages of history.

Black History

Civil Rights Exhibit Opens at Franklin D. Roosevelt Library and Museum in New York

Hyde Park, NY — The opening of the Franklin D. Roosevelt Library and Museum’s feature exhibit, “Black Americans, Civil Rights, and the Roosevelts, 1932–1962,” allows the library to share its extensive collection relating to Black American history. By highlighting these critical primary sources, the library’s team aims to inspire a deeper understanding of Black American experiences and a critical evaluation of the period.

Published

2 days ago

September 28, 2023

Oakland Post

A complete uniform on loan from the Tuskegee Airmen National Historical Museum. Photo courtesy of Clifford Laube.

By Kristin Phillips
National Archives News

The exhibition showcases archival documents from across the library’s collections. It centers the historical voices of many Black community leaders, wartime service members, and other citizens who directly engaged the Roosevelt administration and pushed for progress.

“This exhibit looks critically at how Black Americans fared under the New Deal and throughout the Roosevelt administration, and how the Roosevelts worked with prominent Black American leaders and advanced the causes of civil rights,” said Supervisory Curator Herman Eberhardt.

The story emerges as one of Black Americans organizing and expanding national networks of political allies to create new opportunities for social justice and to find ways to combat Jim Crow segregation, widespread discrimination, and the harsh and often violent realities of racism in America.

From the Great Depression and New Deal through World War II and the postwar Civil Rights movement, “Black Americans, Civil Rights, and the Roosevelts” offers critical perspectives on, and candid assessments of, the administration’s policies and practices and of the Roosevelts themselves.

Records relating to educator, activist, writer, Presidential adviser, and the first Black woman to head a federal agency, Mary McLeod Bethune, on display in the new exhibit. Photo courtesy Clifford Laube.

“The FDR Library may not come to mind as a destination for studying Black history, but in fact there is tremendous documentation of Black perspectives, and evidence of government interactions with Black communities, preserved and made available here,” said Supervisory Archivist Kirsten Carter.

“There are countless and very moving testimonies of Black American experiences woven deeply throughout the archives. With this exhibition, the library has an opportunity to share and celebrate these primary sources, and hopefully to inspire new, original research.

The exhibit was developed over three years, in collaboration with a committee of distinguished scholars chaired by David Levering Lewis, a Pulitzer Prize–winning American historian and professor at New York University. It draws from archival collections at the Roosevelt Library and beyond.

The Tuskegee Airmen National Historical Museum loaned a complete uniform. Many political campaign and protest materials like buttons, fliers, signs, and newspapers came from private collections nationwide.

Many documents and artifacts in the exhibit are on display for the first time. One example is a letter from Mary McLeod Bethune, educator, activist, writer, Presidential adviser, and the first Black woman to head a federal agency. Her letter to FDR in June 1938 encouraged him to support a bill to increase federal funding for Black American education in the South. These materials provide evidence of the unrelenting efforts of many key figures of the early civil rights movement, such as Bethune.

Exhibits also document the racism and discrimination in American politics as well as the culture of the era, highlighting the contradictions inherent in fighting for democracy abroad while injustice persisted at home.

“Our hope is that this exhibition will spark civil dialogue and engagement, leading to an inspired change in our nation,” said Roosevelt Library Director William Harris. “We’ve seen examples of this throughout history with our nation’s courage to overcome the Great Depression and how the world joined together to overcome fascism during World War II.”

Black Americans, Civil Rights, and the Roosevelts, 1932–1962, is on display through December 31, 2024. For more information, visit the library and museum’s website. The Franklin D. Roosevelt Library and Museum is on the eastern shore of the Hudson River, four miles north of Poughkeepsie, New York, midway between New York City and Albany. The library is easily reached by car, train, or plane.