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Lawrence Cain Jr - 1 Cain - 1 ” - 1 Asa Featherstone - 1 Black - 1 Derek Brown - 1 Brown - 1 He’s - 1
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4 mentions found


☆ Who Can Achieve the American Dream? Race Matters Less Than It Used To.
  + stars: | 2024-07-25 | by ( German Lopez | Ashley Wu | ) www.nytimes.com   time to read: +15 min
When the white Gen X child turned 27 in 2005, they could expect to make more than $34,000. But Mr. Cain did have a strong community — which he said taught him entrepreneurship and showed him he could dream big. Mr. Cain, 35, got a two-year degree in business management and first worked as a bank teller and financial adviser. At the same time, white millennials born to poor parents had a harder time than their white Gen X counterparts. Unlike Mr. Cain, Mr. Brown did not have a strong sense of community, as he bounced between his mother, his father and his grandparents.
Persons: Lawrence Cain Jr, Cain, ”, Asa Featherstone, Black, Derek Brown, Brown, He’s, “, It’s, ” Mr, Raj Chetty, Stefanie A, DeLuca, David B, Ralph Richard Banks, wasn’t, Benjamin Goldman, Cain’s Organizations: Abundance University, Business, Harvard, The New York Times, General Electric, Richer, Johns Hopkins University, Stanford, People, Black, White, Conservatives, Local, Bank of America Locations: Cincinnati, Northside, America, United States, American, China, India, Charlotte, N.C
☆ Biggest Grocery Union Opposes $20 Billion Kroger-Albertsons Deal
  + stars: | 2023-05-04 | by ( Jaewon Kang | ) www.wsj.com   time to read: 1 min
Kroger says it wouldn’t lay off front-line workers from stores that might need to be divested as part of a deal to acquire Albertsons. Photo: Asa Featherstone, IV for The Wall Street JournalThe United Food and Commercial Workers International Union said it opposes the planned merger between Kroger and Albertsons , adding to tensions over the $20 billion supermarket deal. UFCW International, the biggest U.S. union representing grocery workers, is concerned about what President Marc Perrone said was a lack of information provided by the companies about the merger, including on potential store divestitures. The labor group is also worried about the viability of stores that could be sold and whether buyers might be saddled with heavy debt loads, he said.
☆ Annual Inflation Cooled Slightly in January as Pace of Moderation Levels Off
  + stars: | 2023-02-14 | by ( Gwynn Guilford | ) www.wsj.com   time to read: 1 min
Photo: Asa Featherstone IV for The Wall Street JournalGrocery prices rose 11.3% in January from a year earlier. Inflation cooled slightly at the start of the year, but remained high, as consumer prices increased for energy, housing, food and many other items. The consumer-price index, a closely watched measure of inflation, climbed 6.4% in January from a year earlier, edging down from 6.5% in December, the Labor Department said Tuesday. That marked the seventh straight month of easing inflation since peaking at 9.1% in June, the highest reading since 1981.
☆ As Home Prices and Mortgage Rates Stay High, Prospective Buyers Put Down Payments on Ice
  + stars: | 2022-10-18 | by ( Veronica Dagher | Photographs Asa Featherstone | Iv For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
Many Americans who spent years socking away enough money for a down payment to buy a house are now waiting on the sidelines until mortgage rates or home prices drop. Fannie Mae forecasts that mortgage lenders will complete 49% fewer single-family-home loans in 2022 than 2021. With mortgage rates pushing 7% and home prices still high, buyers often park their down-payment money in low-yield accounts, financial advisers say. While relatively safe, the funds often collect more dust than interest.
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