The Guardian UK - Last night Barack Obama defended his administration's response to the financial crisis, but the reality is that a year on from Lehmans' collapse, it has failed to take adequate steps to restrict institutions' size, their risk-taking, and their interconnectedness. Indeed, it has allowed the big banks to become even bigger - just as it has failed to stem the flow of profligate executive bonuses. Obama's call on Wall Street yesterday to support "the most ambitious overhaul of the financial system since the Great Depression" is welcome - but the devil, as ever, will be in the detail. Read more.
A white man shares publicly that a group of Black Harvard graduates “look like gang members to me” and claims he would have said the same of white people dressed similarly. A white physician mistakes a Black physician for a janitor and says it was an honest mistake. A white woman asks to touch a Black classmate’s hair, is scolded for doing so and sulks, “I was just curious.” Read more.