NY Pols Tout Bill Targeting Jobless Youth

From a makeshift stage in Harlem on Tuesday, Representative Charlie Rangel, Senator Kirsten Gillibrand, Assemblyman Keith Wright, and leaders from the National Urban League, a nonprofit social services provider, touted proposed legislation to combat youth unemployment. Termed the Urban Jobs Act, during its first year the legislation would provide $20 million in grants to national nonprofits like the National Urban League. The funding would be used in targeted areas by local affiliates like the New York Urban League, whose offices hosted the assemblage.

Recession's Pain Revealed For Hispanics, Artists

The full impact of the Great Recession is still being calculated, and evidence is mounting that its damage was not equally distributed.

A study out today from the Pew Research Center finds that the wealth of the average white family shrank by 16 percent between 2005 and 2009. For black families wealthy was cut in half. For Latino households, only a third of their wealth remains.