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We’re getting a clearer picture of housing inequalities minority families are facing.Two economists analyzed more than a decade of tax assessment and sales information for nearly 120 million homes across the country. They focused on areas where every homeowner theoretically faces the same tax rate.What they found was that minority homeowners still ended up paying a ten to 13 percent higher tax rate on average. For the median Black or Hispanic household, that could be an extra to 0 a year.They also looked at property tax appeals in Chicago, and found Black homeowners were significantly less likely to appeal their property tax assessment. This kind of data is not available nationwide, but it is believed to be a widespread issue.“So much of it is rooted in systemic and historical structures of racism. So, you know, if you’re white and middle class in this country and you feel like your property tax bill is off in a way that doesn’t benefit you, your experience with government has probably been ‘oh, if I appeal or either that there's probably a process by which i can go get that wrong righted and i'll be given a fair shake at that,’” said Chris Hoene, with the California Budget and Policy Center.Hoene said Black Americans overall have had a far different experience with government, and the idea a Black homeowner would go and appeal and be treated fairly is not something they would consider.Hoene suggests creating systems that are less dependent on showing up in person to make their case, possibly allow appeals through an online system.The economists who looked at the nationwide data suggest assessors to look at zip code level home price indexes to reduce overtaxation. They said doing that could reduce the total inequality in property tax assessments up to 70 percent. 1807

WATCH REPLAYOne day after announcing his running mate, presumptive Democratic Party presidential nominee Joe Biden appeared alongside Sen. Kamala Harris for the first time since Tuesday’s announcement.The US senator from California ran against Biden among a field of candidates vying for the Democratic presidential nomination. While President Donald Trump said that Harris was “nasty” toward Biden during her presidential campaign, Biden came to Harris’ defense from Trump’s attacks."Is anyone surprised Donald Trump has a problem with strong women?” Biden said.Harris also fired back at the president, this time taking aim on his response to the coronavirus pandemic.“At the president's mismanagement of the pandemic has plunged us into the worst economic crisis since the great depression, and we are experiencing a moral reckoning with racism and systemic injustice that has brought a new coalition of conscience to the streets of our country demanding change,” Harris said. “America is crying out for leadership, yet we have a president who cares more about himself than the people who elected him, a president who is making every challenge we face even more difficult to solve, but here is the good news. We do not have to accept the failed government of Donald Trump and Mike Pence.”Trump's response Wednesday evening?"I was surprised he picked her because of the horrible way she spoke about him, and frankly because she dropped like a rock," he said.Biden reflected on his time as President Barack Obama’s running mate and vice president, and how it guided him toward choosing Harris."When I agreed to serve as President Obama's running mate, he asked me a number of questions, as I've asked Kamala, but the most important one, he said to me, what -- he asked me what I wanted, most importantly,” Biden said. “I told him I wanted to be the last person in the room before he made the important decisions. That's what I asked Kamala. I asked Kamala to be the last voice in the room. To always tell me the truth, and she will. Challenge my assumptions if she disagrees. Ask the hard questions. Because that's the way we make the best decisions for the American people."Harris said she had a strong personal connection through Biden’s son Beau, who died in 2015 from brain cancer. The two formed a bond as they both served as state attorneys general."I learned quickly that Beau was the kind of guy who inspired people to be a better version of themselves,” Harris said. “He really was the best of us. And when I would ask him, where did you get that? Where did this come from? He'd always talk about his dad." 2624

We're about a month into the school year and teachers are struggling to keep children up to speed amid the pandemic.We spoke with a principal at an elementary school in Arizona who says students are about five to six months behind. Some kids who should be reading by now, simply are not.She says when you think about it, most students have not been inside a classroom since March.One challenge for teachers has been teaching at-home students and giving one-on-one attention to those in the classroom. The other challenge has been technology.“It’s day to day, whether or not technology works,” said principal Sarah Lewis. “And if you think about it, we've been hybrid for about three weeks now, but before that, we were all digital learning. We would have full days where we wouldn't have any technology, so basically we would have to tell the kids, go into Google Classroom and practice your multiplication facts.”Lewis says it's tough to hear young kids are learning on their parents’ cell phones, because they don't have a computer.However, she says she's proud of how fast teachers became tech savvy, as well as the level of understanding from most parents and their willingness to be flexible. She's also proud of the kids.“Five-year-olds do not understand that you cannot go over to your friend’s desk and ask what they're reading or coloring, but as far as wearing the mask and being OK when we ask them to step away or ask them to, I mean it's incredible that little kids are able to do it,” said Lewis.Lewis says she wants people to know just how difficult it is for teachers to balance teaching online students and those in the classroom. She says many are fearful of the pandemic, but realize they have a job to do. 1733

WASHINGTON, D.C. – Since the start of his presidency, President Donald Trump and his administration have talked about getting manufacturing companies to come back to the United States, a process known as reshoring.Now, with unemployment at a historic high, another 1.5 million people filing jobless claims last week and still 19.5 million continued claims or people unemployed, the idea of reshoring is being revisited by Congress.Some on Capitol Hill are proposing reshoring incentives for companies in the next stimulus package.“There are a lot of potential ways that the administration and Congress could come up with tax subsidies and tax breaks for companies that produces here,” said Ed Yardeni, an economist and the president of Yardeni Research.While believes there could be some jobs created by companies reshoring in the U.S., it’s hard to say how many. That’s partly because, many companies that would consider reshoring would also consider using artificial intelligence at their production plants.“Clearly bringing back jobs would be great, but I don’t think we go back to the 70s and 80s, where we had a lot more people employed,” Yardeni added. “I would think that if you are reshoring and bring production back to the U.S., you are going to use state of the art technology to do that, so I’m not sure it is going to be a huge win-win in terms of jobs.”Experts, including Yardeni, believe companies that would most likely consider reshoring would be those in the pharmaceutical and technology sector. Their reason for the move is likely less for job creation and more because of national security concerns.Either way, the way to get more jobs out of reshoring may be by doing more than just incentivizing companies to come back to the U.S.“Maybe what we need is to combine reshoring with really focusing on reeducating a lot of the labor force so that they can manage the robots, build the robots, program the robots, as opposed to doing the job the robots are doing,” said Yardeni. 2004

WASHINGTON, D.C. — The number of people applying for unemployment aid jumped last week to 853,000, the most since September.The rise in jobless claims serves as evidence that some companies are cutting more jobs as new coronavirus cases spiral higher.The Labor Department said Thursday that the number of applications increased by 137,000, from 716,000 the previous week.The four-week moving average was 776,000, an increase of 35,500 from the previous week’s revised average, according to department.Before the coronavirus paralyzed the economy in March, weekly jobless claims typically numbered only about 225,000.The current rise in unemployment comes as the U.S. continues to break records for single-day coronavirus cases and deaths. Wednesday marked the first time more 3,000 people died from COVID-19 in a day in the U.S. since the pandemic began, according to a tally by Johns Hopkins University. 912