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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

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 (AP) — The House has approved legislation that would reverse recent changes in U.S. Postal Service operations. The measure would also send billion in emergency funds to shore up the agency ahead of November's presidential election. Passage was 257 to 150 and came after heated debate. President Donald Trump had urged a no vote, calling concerns over mail delivery a “hoax," and the White House says he will veto the bill if it passes the GOP-led Senate. More than two dozen Republicans broke with the president and backed the legislation. 562

WASHINGTON, D.C. – At least 59,494 new coronavirus cases were reported in the United States on Wednesday, which is the highest daily count since August 14, according to a tally by Johns Hopkins University.The data shows there was also an increase in the number of deaths, with at least 985 reported Wednesday, up from 802 the day before.The nation’s total coronavirus cases stand at about 7,917,300 and more than 216,900 deaths from COVID-19, John Hopkins says. Those cases include people in all 50 states, Washington D.C. and U.S. territories.As has been the case throughout the pandemic, the U.S. leads the world in the number of reported COVID-19 cases and deaths, followed by India, Brazil and Russia.The current rise in cases in several areas of the U.S. has many infectious disease experts worried about a large spike in the fall and winter months, a time when the country is using health care resources to battle the flu. To help combat the risk of a "twindemic," doctors are encouraging all Americans to get a flu vaccination.Dr. Anthony Fauci, one of the country’s top coronavirus experts, told ABC News on Thursday that the spike is “concerning” and that “you don’t want to be in that compromised position where your baseline daily infection is high and you are increasing as opposed to going in the other direction.”Click here to learn more from the Centers for Disease Control and Prevention (CDC) about how you can help protect yourself and others from contracting the coronavirus. 1502

WASHINGTON (AP) — The Pentagon plans to free up a big chunk of its military airwaves in the U.S. for high-speed internet service, part of a broader push to get ahead of China in the deployment of 5G wireless technology. The Trump administration announced Monday that it has identified radio spectrum used for radar defense systems that can be shared with commercial telecommunications providers without compromising national security. White House officials said that the Federal Communications Commission will be able to auction the 100 megahertz of “mid-band” spectrum beginning in December 2021 for use as soon as mid-2022. 633