This is far from the first time corporate media legitimized the indictment of black culture for issues like black unemployment and community violence.
To fend off a serious threat to their survival, major newspaper owners promoted a new sense of journalism, one that still dominates the news industry today.
CounterSpin’s Janine Jackson talked to Laura Gottesdiener, author of A Dream Foreclosed: Black America and the Fight for a Place to Call Home, a new book that brings the foreclosure crisis into vivid focus.
Carlos Slim is the world’s richest person. His father, Julién Slim Haddad, immigrated to Mexico from Lebanon as a teenager, and by the time Carlos was born, the family was well-off, having acquired a number of businesses and real estate in Mexico City. Slim took his father’s financial lessons to heart, starting a stock brokerage that slowly grew to a corporate empire. Today he owns, among other things, América Móvil, Latin America’s largest wireless services provider. In 2007, the estimated value of the companies he ran was a whopping $150 billion. In that year, Mexico’s GDP was just over $1 …
In focusing solely on whether some poor Americans can swap places with those in the middle or upper classes, media coverage skirted the larger issue: the growing distance between top and bottom earners.