The South African Civil Society Information Service
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
Africa generates massive amounts of money from its natural resources, government revenue and official development assistance. But up to 60% of these funds leave the continent and ends up financing private wealth in offshore financial centers, such as London, New York and Paris - centers that thrive on the tradition of banking secrecy. Léonce Ndikumana, a professor and academic at the University of Massachusetts in Amherst, argues that dealing with corrupt African leaders is only half...
One of the biggest banks in the US, Wells Fargo, has agreed to pay $175m to settle allegations it charged higher mortgage rates and fees to Black and Latino customers. Discriminatory lending practices in the banking industry left Black and Latino neighbourhoods blighted by foreclosures after the housing bubble burst.
A government investigation found tens of thousands of cases of African Americans and Hispanics being charged more than White customers with similar credit profiles. The...
