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Who Gains When the Economy Implodes? By Julianne Malveaux

Oct. 5, 2025

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(TriceEdneyWire.com) - The United States economy is cruising for a bruising.  Inflation keeps ticking up thanks to, among other things, rising inflation.  The job market is not performing as expected, and unemployment rates are ticking up.  Private sector employment shed 22,000 jobs last month, while forecasters thought that private sector employment would increase.  The government shutdown will cost jobs, and that man who lives in the House that Enslaved People Built (HEPB) says he will lay off or fire more people each day that the government is shut down.  And health care costs are rising, which is one of the reasons Democrats held firm on dealing with health care as a condition to keeping government open.  Bottom line, our economy is precarious.

Implosion may be a strong term.  Economic indicates suggest we might experience stagflation, which means economic stagnation, combined with inflation.  We might experience a mild recession, which means two quarters of negative economic growth.  We might experience a deep recession or even a depression.  But we know that the economy will not generate growth, stable inflation and rising employment unless something changes.  That means that the majority of us will suffer.  People will lose jobs and perhaps also their homes, businesses will close, and wealth will disappear.  Uncertainty will make it challenging for both individuals and businesses to make decisions. 

Even in recession, though, there are winners, people who find opportunity in economic distress and maximize it.  During the 2008 recession, I remember meetings some young men in an Atlanta suburb who made thousands by packing and storing the belongings of evicted people.  During COVID I met women who started catering businesses after they lost their restaurants.  There is opportunity everywhere, though many have neither the resources nor the resilience to take advantage of those opportunities.  Structurally, there are always “high rollers” who are gainers.  This is important because we should look at these structural gainers as possibilities for taxation, not exploitation.  In other words, if you are going to benefit from other people’s pain, you should have to pay for it.

Who are some of the winners when the economy implodes?  The greatest gainers are those who are cash rich.  People or corporations who used advantageous tax policies to stack cash in the past.  It’s now cash they can invest in hard times.  They can buy up foreclosed homes, distressed businesses, abandoned assets and more.  They can even steal assets as those who leave property or resources on the table are not always legally equipped to protect their stuff.  While this Congress is not likely to protect these people, especially given the near shuttering of the Consumer Finance Protection Bureau (CFPB) and the current hostility to government regulation.

Economic instability benefits the wealthy.  It also benefits speculators, who short stocks, bonds or currencies and profit when markets lose value.  Further, there are the hedge fund investors called “vulture investors” who buy the debt of a failing business and then benefit when the business recovers.  They are called vultures for obvious reasons – they thrive on the death, or failure, of some businesses.

The others who benefit are those who are politically well-positioned.  Banks lobbied for their bailouts during the 2008 recession, and they got them because they were perceived as “too big to fail”.  This administration, the man who lives in THEB is notorious for self-serving double-dealing economic policy.  Count on him, and his grifting family, to figure out ways for them to gains when the rest of the country loses.  Consider their dealings in bitcoin and cybercurrency as an example of their perfidy.

When America has a cold, Black America has a fever, so while many will be affected by an economic implosion it will hit Black America most severely. The wealthy, the powerful, and the well-positioned gain, while those already on the margins, particularly Black communities, pay the steepest price. Indeed, recession-induced instability is partly responsible for the rapid gentrification of some Black communities after the 2008 recession.  In addition to job losses, then, there are also housing losses that reshaped communities.

Black women, backbones of the Black community, are especially hard-hit.  The much-reported fact that Black women lost more than 300,000 jobs in the past several month trickles down to students whose tuition may be unpaid, families who spiral down to instability, and communities in crisis,

Economic crisis benefits some people.  We must do whatever we can to help those who have been further marginalized, but from a policy perspective, we must also target the winners and demand that they do their part to ameliorate the pains that economic implosion causes.

Dr. Julianne Malveaux is a DC based economist and author.  Juliannemalveaux.com

Don’t Let Pharmacy Deserts Swallow Our Communities By Former Congressman Ed Towns

Oct. 4, 2025

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(TriceEdneyWire.com) - We certainly live in challenging times.

Shortly before RFK, Jr.’s hand-picked CDC panel met last week to abandon its COVID-19 vaccine recommendations, Senator Adam Schiff publicly asked insurers to cover routine vaccines for illnesses, no matter what the group recommended. I applaud Sen. Schiff for continually fighting the good fight.

Throughout my time in Congress, I was also a lifelong advocate for health equity. I spent decades fighting to make healthcare more accessible in underserved communities like the one I represented in Brooklyn. It was both an opportunity and a challenge to fight these inequalities.

But lately, some of our health equity challenges are quietly morphing into crises right before our eyes. I’m talking about pharmacy deserts, which continue to expand as pharmacies close in our cities and surrounding neighborhoods.

Take Sen. Schiff’s efforts, for instance. If pharmacists aren’t around to administer vaccinations, insurance coverage of these COVID-19 shots won't matter for the millions of Americans stuck in pharmacy deserts. 

Pharmacies are closing at an alarming pace. Across America: CVS closed 900 stores between 2022 and 2024, and they will close 270 more stores in 2025; Walgreens is shuttering 1,200 stores; and Rite-Aid, which recently filed for bankruptcy, closed more than 310. 

I cannot sit on the sidelines and watch as pharmacies, the lifelines of community healthcare, vanish before our eyes. These pharmacies are essential institutions that serve as trusted, accessible points of care for millions of families with nowhere else to turn.

Nationwide, local drugstores are shutting their doors. These aren’t just a loss for businesses big and small; they are a loss for entire communities. For many, especially in under-resourced areas, these pharmacies are where people fill prescriptions, get vaccinated, manage chronic conditions, and ask health questions they can’t afford to take to a doctor. They’re a pillar of public health.

So why is this happening?

One major reason is a coordinated attack by the pharmaceutical industry on the very companies, the so-called middlemen that help keep drug costs down. These are the organizations that negotiate discounts, enable mail delivery, and manage the logistics that make medicine more affordable and accessible. Despite their role in lowering prices, they’re being blamed in ads, in the press, and in legislation. But without them, drug prices will rise and the pharmacies serving vulnerable neighborhoods will keep disappearing.

When lawmakers pass bills that strip away these providers' ability to negotiate or operate pharmacies, the effects are swift and severe. Just look at Arkansas, where a new law is shutting down pharmacies and cutting off health care access in communities already struggling to meet basic needs. Other states are considering similar legislation, and minority communities will be hit first and worst.

This expanding patchwork of pharmacy deserts is not just inconvenient. It is a looming public health emergency that puts our communities at risk. Already, one-third of neighborhoods in major U.S. cities lack a local pharmacy, and those hardest hit are Black and Hispanic communities. If this trend continues, millions more will lose access to medications they need to stay healthy, manage diabetes or heart disease, or treat depression and anxiety. The list goes on.

We can’t afford to let that happen. Yes, our medicines must be cheaper. I am a lifelong Democrat. And when Republicans and President Trump are wrong, I hold them accountable. As such, the President deserves some acknowledgement with his recent executive order that aims to stop big drug companies from charging Americans the highest prices in the world. As did President Biden, who fought to allow Medicare the power to negotiate lower drug prices. But the real problem is that big drug companies are responsible for high drug prices, not the companies working to deliver medications affordably and efficiently. Tearing down the system that negotiates lower drug costs is like smashing a fire alarm because it’s too loud. It doesn’t stop the fire. It creates chaos and puts more people in danger.

Let’s stop attacking the parts of the system that are helping people. Parts that our everyday communities rely on. Let’s protect the pharmacies, services, and tools that keep our most vulnerable neighbors connected to care. Because once a pharmacy leaves a neighborhood, it rarely comes back, and the consequences can last a lifetime.

Government Shutdown Could End Today With A Commitment To Protect Americans’ Access To Health Care By Marc H. Morial

To Be Equal 
October 4, 2025

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(TriceEdneyWire.com) - “What is at the center of this fight? … 20 million Americans are going to see their health care costs skyrocket. Fifteen million people are going to be jettisoned from Medicaid. They're going to decimate Medicaid. This is historic. This has not happened in U.S. history. In addition, your hospitals were shut down. Nursing homes shut down, clinics.” – U.S. Rep. Rosa DeLauro

If the Affordable Care Act’s enhanced premium tax credits are allowed to expire, premium payments for the more than 20 million Marketplace enrollees will more than double in 2026.  At least 4 million Americans could lose health care coverage altogether.

If the healthcare cuts in the “Big Ugly Bill” are allowed to stand, 700 rural hospitals – one in three – could shut down, and another 15 million Americans could become uninsured.

Legislation pending in Congress could prevent this catastrophe and end the government shutdown that is devastating families and communities across the country.

It’s no wonder the Trump administration and its allies in Congress would rather fear-monger with lies about undocumented immigrants than confront the facts.

The fact is, as long as the shutdown continues, local communities are losing access to over $60 billion in federal funding, jeopardizing essential services and infrastructure.

The fact is, veterans are being denied transition assistance, career counseling, and outreach. Families aren’t even able to place headstones at their loved ones’ graves in veterans cemeteries. Active-duty military families, many of whom already struggle to make ends meet, are working without pay, making it harder to cover basic living expenses.

The extremists in the White House and Congress are willing to deny nutrition assistance to mothers and children who rely on the WIC program … to withhold surgeries and treatment from patients at military treatment facilities … to delay progress on life-saving research and public health initiatives at the NIH and CDC … to disrupt Social Security and Medicare services for seniors and vulnerable populations … to jeopardize the health and safety of our workforce while Occupational Safety and Health Administration inspections are ceased.

And all of this is happening in defense of an crusade to strip health insurance from millions of working-class Americans and leave vast swaths of the country without access to critical care.

To be clear: unauthorized immigrants are ineligible to purchase health insurance on government exchanges established by the Affordable Care Act. They are ineligible for Medicaid, Medicare and the Children’s Health Insurance Program. The legislation that could prevent the health care catastrophe and end the government shutdown does not make them eligible for these programs.  Anyone who claims that it does is not telling the truth.

The government shutdown is not simply a conflict between conflicting political ideologies. It’s a conflict between fact and falsehood. It’s a conflict between responsible stewardship of public resources and a reckless grasp of those resources for billionaires. We can continue to fuel bitter partisan division while working Americans continue to lose ground to the wealthiest among us, or we can work together toward and equitable, stable, and healthy future.

REMEMBER BLACK WOMEN ON LABOR DAY BY JULIANNE MALVEAUX

August 27, 2025

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(TriceEdneyWire.com) - The French philosopher Albert reportedly said, “Without work all life is rotten but when work is soulless, life stifles and dies. Now, historians are suggesting he may have not uttered or written those exact words but been paraphrased by one of his biographers.  No matter.  The sentiment is a pertinent one, especially as we lift up Labor Day, its history, and the role that Black women have played in the labor history of our nation.

There is meaningful work and there is soul-crushing work, and the challenge Camus poses is how to find meaning in routine, how to embrace joy in everyday tasks.  Why do we work?  Partly to make a living, to earn money, to live, to provide the means to pursue our joy.  Why do we work?  Because our work makes a difference when we are organizers, cultural workers, paid activists.  We all struggle to find meaning in our work, but this is mostly a late 20th century/21st century phenomenon.  Historically, many worked because they had no choice, and meaning was a footnote, not central.

Consider the Black woman “domestic”.  More than half of all Black women held such jobs into the 1940s.  We didn’t love this work.  It was all we could get.  We nurtured white children without having the luxury to nurture our wone.  We were the backbone of white household, cooking, cleaning, and more.  And in the process of our work we were demeaned, often given used clothing instead of wages, often sexually assaulted by depraved white men who headed household.  But we worked because we had to.  We worked because we wanted our babies to live.

       Our nation has been celebrating Labor Day since 1994, after New York’s Central Labor Union drew public attention to the ways that many worked. Then, many workers, children included, worked from sunup to sundown (and beyond) six or seven days a week.  There were strikes, labor actions, and eventually Labor Day, a recognition of workers.  Sadly, a focus on Black workers was absent in these initial celebrations.

Most workers were exploited. In 19o4, the National Child Labor Committee (which I once chaired) was founded to visually document the way that children, and I mean little children, were treated as workers, in the mines, in the fields, and elsewhere.  Children lost their lives and also lost their childhoods when they did back breaking, bone chilling work.

Louis Hine did an exceptional job in documenting children at work.  A challenge, though, was the fact that those who were passionate about labor and about the rights of laborers too often excluded the contributions of Black workers.  If we want to recognize Black workers, we must start with enslavement and the unpaid work of Black people that provided a foundation for this nation.  At every juncture in our nation’s history, we find the work of Black people, including Black women, pivotal.

The flawed leadership of our nation would currently erase this history and celebrate American exceptionalism, but the reality is an inconvenient truth.  Not only would there be no America without the labor of enslaved people, but there would also be no wartime victories without the work of Black women.  I am thinking of the invisible warriors, the Black women who were “Rosies”, women who worked in wartime industries as welders, machine assemblers, riveters, and other assembly line workers.  They faced discrimination on all sides, especially from their white “sisters”, who even protested the fact that they had to use the same bathrooms as Black women (our nation’s obsession with toilets is another story).  The stories of the Black Rosies have mostly been swallowed, and there are those who would lift it up because it is important.  As many as 600,000 Black women were part of the war effort. 

Gregory Cook has amplified the work of the Black Rosies in his film, The Invisible Warriors.  His mom was one of the Rosies and he was moved enough by her story to document it.  In his work, he has lifted up the Black women whose silent contribution to the war effort has been overlooked, sometimes maliciously.  There are those who would erase this contribution to our nation, which is why we must life it up.

For some Labor Day means the end of summer, for others, time to get back to school.  For me, it is a remind of the foundational contribution that Black people have made to our nation, and especially the hidden work that Black women have provided, against all odds.  The Black Rosies are among the other warriors, the nurses, the Black women enlisted troops, the Black women, like Dr. Olivia Hooker, the first Black woman in the Coast Guard who fought for the right to fight.  It is galling that there are efforts to ignore or erase this extreme patriotism.  It is our duty to lift up the Black Rosies and others Black working heroines this Labor Day.  They may have sometimes worked without joy, but they always worked with purpose, and we are the richer for it.

Dr. Julianne Malveaux is a DC based economist and author.  Juliannemalveaux.com

My Humble Advice for a Starter to Deal with Trump's Threats in DC by Dr. E. Faye Williams

August 25, 2025
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(TriceEdneyWire.com) - It's amazing that we have to deal with someone with 34 criminal convictions--telling us about law and order-- a person who plays games with the lives of innocent people like President Obama and AG Letitia James--now taking over Washington, DC with all kinds of threats--but we have to at least advise our children to save their lives through this madness!   Let's take the responsibility for at least offering some guidance to our young people.
 
1.  Ask your children to leave the streets and be home before dark.
 
2. Tell them to be extremely cautious and most respectful to
everybody while outside the home and especially to police officers (most are on our side because they've been disrespected with this takeover of our city,too), National Guard, FBI, CIA, ICE, Homeland Security, Park Police, Metro Police,  Coast Guard, Military Police (All Branches), AMTRAK  and anyone with a gun. or authority to police our nation, be obedient.
 
3A:  Tell them to observe the following:
 
3.  Don't congregate on any streets--not even in your neighborhood.
 
4.  Go straight home, or to the library, Boys or Girls Clubs or any place you have authorized your children to go.
 
5. Refrain from responding to rudeness from any adult.
 
6. Be patient with everybody.
 
7. Raise your hands immediately if an adult threatens you with a gun.
 
8. Be sure to stay within speed limits if you are driving.
 
9. Be careful when riding a bicycle.  Ride slowly and observe traffic 
lights. Do not criss-cross the street against the light. When walking, obey all traffic lights.
 
10. If you see someone being brutalized, do not intervene, but go to the nearest place you can to inform an adult you trust.
 
11.  When walking in groups, keep your voices down, and do not get into fights.
 
12. Don't give anybody an excuse to threaten you or try to arrest you.
13. Parents, add your own rules for your children during this difficult process, and don't forget to pray the devil back to hell every day! Also, remind your neighbors to talk with their children about these recommendations so their children can stay safe. 
 
14. I took the time to make these suggestions because I care about our children's safety--and about you! Let's be kind to one another so we can all get through this invasion safely.  
 
15. Just remember who was standing all around Trump during his press conference while claiming he was invading our city to liberate us! Did you notice how some of them were giggling at Trump's every word! They believe in sending people of color dj back to slavery.

Making it Harder to Help Families Back Home By David W. Marshall

August 25, 2025

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(TriceEdneyWire.com) - For those of us who are not living in poverty, we may not fully understand the plight suffered by those who are poor. Unless we have been there ourselves, we cannot understand life and survival totally from their perspective. This is true despite having degrees of empathy and compassion. It takes a lasting moral commitment to become sensitive to recognizing and addressing the systemic barriers that keep people impoverished. However, we can never intimately relate to the hardships without experiencing them.

Breaking the cycle of poverty means that discrimination and racism need to be discerned and confronted at every turn. Breaking the cycle of poverty means addressing the root causes, such as lack of access to housing, education, healthcare, transportation, and economic opportunities. Insight into these challenges will enable fair-minded policymakers to propose effective social programs and economic policies that will provide a reliable safety net, reducing suffering. In doing so, these lawmakers are fulfilling a moral and social responsibility by addressing the root causes of poverty. Unfortunately, not all policymakers are fair-minded and moral. While immoral lawmakers may also have a degree of insight, they have proven to be strategic and proactive in crafting ways to cut the social safety net.

Many of us are not in a situation where we have to deal with the issue of family remittances. Millions of migrants support their families and communities of origin through the money they send back home (remittances). Remittances impact 1 in 8 people worldwide. About 200 million immigrant workers support 800 million family members in their home countries each year. While Haitian immigrants face economic challenges, they continue to send a significant portion of their earnings home, often at a personal sacrifice by working multiple jobs or foregoing their own needs to support relatives abroad. “Haiti is literally being held together by those of us who are outside of the country and sending money back home,” said Guerline Jozef, co-founder of Haitian Bridge Alliance. Haiti’s decades-long humanitarian crisis deepens each day, forcing immigrants to send record-high payments back home in recent years. Each Haitian immigrant living abroad supports a dozen or so friends, family, or community members in their home country, many of whom rely on those payments to survive, Jozef says. Remittances make up a significant portion of Haiti’s economy, representing more than 22% of its GDP. For many families, it determines whether children can attend school.

While the pain resulting from the gutting of foreign aid from USAID is still fresh, the recently enacted 1% U.S. tax on cash remittances as part of the “One Big Beautiful Bill” hurts even more. Typically, remittances increase when foreign aid is cut, but that will not be as easy since many countries are hit by cuts in foreign aid and taxes on money transfers. A 1% tax may appear small, but the consequences are massive.

In this case, the specific target of this surcharge will inflict additional emotional and financial pain on people who are already suffering and can least afford another deliberate hit to the safety net, which will disproportionately impact poor families. Most low-income and undocumented migrants use cash-based services such as Western Union, which are subject to the tax, while wealthier individuals who use bank transfers are exempt. Haiti is not alone. In over 60 countries, remittances make up more than 3% of the GDP. In some places, remittances make up over a quarter of the entire economy. Haitians could lose about $61 million annually in direct payments for food, shelter, and healthcare, according to the Center for Global Development. Globally, the losses will amount to approximately $4.5 billion.

Lawmakers and lobbyists who developed the details of the “One Big Beautiful Bill” are fully aware of how cash remittances serve as a vital financial lifeline and safety net for many of the world’s poorest families. “The purpose is not to be mean,” said Ira Mehlman, who works at the anti-immigrant Federation for American Immigration Reform. The group lobbied hard for the 1% tax, which Mehlman hopes will encourage immigrants to self-deport. Actually, this is being mean-spirited and another way of waging war against people experiencing poverty and immigrants. The wealthy receive their tax cut while the poor receive a tax increase that will have little impact on the budget over the next decade. “It’s really a drop in the bucket for this country, but elsewhere, that kind of money is transformative,” said Dulce Guzman, executive director of Alianza Americas, a network of immigrant-serving groups based in Chicago. Again, another hit from the party that believes in “family values and cohesion.”

David W. Marshall is the founder of the faith-based organization TRB: The Reconciled Body, and the author of the book God Bless Our Divided America.

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