The Hidden Cost of Being African American: How Wealth Perpetuates Inequality
Average customer rating: 4.5 out of 5 stars
  • Every American needs to read this book!
  • Wealth: The Bedrock of Racial Inequality
  • The Hidden Cost of Being African American: How Wealth perpetuates Inequality
  • Must read for first time black home owners!!
  • great book
The Hidden Cost of Being African American: How Wealth Perpetuates Inequality
Thomas M. Shapiro
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Paperback

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ASIN: 0195181387

Book Description

Over the past three decades, racial prejudice in America has declined significantly and many African American families have seen a steady rise in employment and annual income. But alongside these encouraging signs, Thomas Shapiro argues in The Hidden Cost of Being African American, fundamental levels of racial inequality persist, particularly in the area of asset accumulation--inheritance, savings accounts, stocks, bonds, home equity, and other investments. Shapiro reveals how the lack of these family assets along with continuing racial discrimination in crucial areas like homeownership dramatically impact the everyday lives of many black families, reversing gains earned in schools and on jobs, and perpetuating the cycle of poverty in which far too many find themselves trapped. Shapiro uses a combination of in-depth interviews with almost 200 families from Los Angeles, Boston, and St. Louis, and national survey data with 10,000 families to show how racial inequality is transmitted across generations. We see how those families with private wealth are able to move up from generation to generation, relocating to safer communities with better schools and passing along the accompanying advantages to their children. At the same time those without significant wealth remain trapped in communities that don't allow them to move up, no matter how hard they work. Shapiro challenges white middle class families to consider how the privileges that wealth brings not only improve their own chances but also hold back people who don't have them. This "wealthfare" is a legacy of inequality that, if unchanged, will project social injustice far into the future. Showing that over half of black families fall below the asset poverty line at the beginning of the new century, The Hidden Cost of Being African American will challenge all Americans to reconsider what must be done to end racial inequality.

Customer Reviews:

5 out of 5 stars Every American needs to read this book!.......2007-03-10

I agree with Mr. Shapiro. He took my understanding of how tax policy and wealth transfers have widened the gap to a new level. His arguments are highly persuasive. However, I have an alternative view of why the value of homes in AA communities do not appreciate as fast. There is validity to his view but I believe another reason is because of the way AA's maintain their communities and not because they are segregated. I grew-up in an all black neighborhood but my father cut our grass; we didn't have broken down cars in the drive way, or couches on the front porch. Everyone worked together and we were proud of our homes. The way I see it, I don't care if the neighborhood is black, white, hispanic, or asian, if the people do not keep that community clean and well-maintained, the property values will stagnate or decline, inevitably. So let's not go too far to one side and say that "Because neighborhoods are racially segregated, African Americans' homes do not grow in value as fast as whites' homes do." There are other factors at play as well.

5 out of 5 stars Wealth: The Bedrock of Racial Inequality.......2006-12-08

The typical minority household in the United States now owns less than one-tenth the wealth of a typical white household. Even worse, this gap is actually growing, an increase that's confounding America's mainstream public policy analysts.

These analysts treat racial inequality as purely a function of unequal access to jobs, skills, and education. The more access, the less inequality.

That certainly sounds reasonable. But if this analysis were correct, then racial inequalities ought to be narrowing, since Americans of color today have far more access to jobs, skills, and education than they did just a generation ago.

So why is racial inequality, as measured by net worth, expanding? Thomas Shapiro has an answer in his insightful new Hidden Cost of Being African American. Racial inequalities are widening, he argues, because Americans continue to ignore our nation's incredibly unequal distribution of wealth.

That maldistribution, Shapiro contends, has essentially trumped the expanded access to jobs, skills, and education won through years of civil rights struggles.

Consider two young people. Both study hard in high school. Both go on to attend college. One has parents with enough wealth to foot the bill for college tuition. The other graduates with thousands of dollars in student loan debt.

These two young people get hired by the same company. Both make the same income, and both look to buy their first home at the same time. But only one has parents who can help with the downpayment. The other, still burdened with student debts, gets dirty looks from lenders -- and ends up with a mortgage at a higher monthly rate.

Our lucky young person, buoyed by abundant parental help, can afford to buy a home in a nice neighborhood with good schools. Our unlucky young person can only afford a home in a considerably less desirable neighborhood.

Fifteen years later, the home in the nice neighborhood has appreciated nicely. The other home has not. Our two now-no-longer-young people still make the same income. But they are not equally wealthy. Only one lives in financial security. One is white, the other black.

How can we begin to turn this dynamic around? Shapiro sees "no means of seriously moving toward racial equality without positive asset policies to address the racial wealth gap." And Shapiro also emphasizes the importance of leveling down privilege at the top of America's economic ladder.

"What is really at stake," he writes, "is the power of very wealthy individuals to assure succeeding generations economic success and material comfort through unearned advantages, regardless of any achievements or contributions they may make."

[Excerpted from a review that appeared in Too Much, the online weekly newsletter.]

5 out of 5 stars The Hidden Cost of Being African American: How Wealth perpetuates Inequality.......2006-11-15

Finally, a book that acknowledges the historical inequalities of any people, in this instance, African Americans. Thomas M. Shapiro gives a very well written and researched treatise of how historical disadvantages perpetuates inequality today for the people who were held back the longest in the United States.

This is a must read for people who really care about humanity and the diminishing middle class in this country. I hope this book is not seen as some mere racial rant, but rather as a substative tool for remediating some of the ills of our common past.

5 out of 5 stars Must read for first time black home owners!!.......2006-11-03

Mr Shapiro taught me why a white man and a black man with the same degree,same college, job position and income will pay a different price for the same house.(The white man pays less).

He reviews school districts and how they effect the price of a house.
Real Estate is driven by school taxes. Now I know why the Freshmen at Harvard came from homes where the average house was very expensive.

I learned so much about INHERETED wealth that some whites but few blacks enjoy.

Darrell Pone,MD
New York

5 out of 5 stars great book .......2006-03-16

I really learned why real estate in communities of color so often is worth less money than when the exact same housing or real estate is available in white communities. What a terrible price people of color pay for our nation's social cancer of racism. Our collective racism cloaks our underlying issues of pretending there is no classism in the USA. I appreciate Dr. Shapiro's honest assessment of the situation and his clarity in analyzing the actual numbers and statistics underneath the money and educational disparities that can keep some African American families from achieving the wealth levels they would otherwise easily be able to enjoy. Great reading and a fair minded resource for all Americans of any heritage.

The Pension Answer Book 2004 (Pension Answer Book)
Average customer rating: Not rated
    The Pension Answer Book 2004 (Pension Answer Book)
    Stephen J. Krass
    Manufacturer: Aspen Law & Business
    ProductGroup: Book
    Binding: Hardcover

    GeneralGeneral | Business & Investing | Subjects | Books
    Human Resources & Personnel ManagementHuman Resources & Personnel Management | Industries & Professions | Business & Investing | Subjects | Books
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    ASIN: 0735537860
    The Pension Distribution Answer Book 2004 (Pension Distribution Answer Book)
    Average customer rating: Not rated
      The Pension Distribution Answer Book 2004 (Pension Distribution Answer Book)
      Melanie N. Aska Knox , and Joan Gucciardi
      Manufacturer: Aspen Law & Business
      ProductGroup: Book
      Binding: Hardcover

      GeneralGeneral | Personal Finance | Business & Investing | Subjects | Books
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      ASIN: 0735537739

      Altars of Unhewn Stone: Science and the Earth
      Average customer rating: 4 out of 5 stars
      • Agricultural Agonistes
      Altars of Unhewn Stone: Science and the Earth
      Wes Jackson
      Manufacturer: North Point Pr
      ProductGroup: Book
      Binding: Paperback
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      ASIN: 0865472874

      Book Description

      Science in modern times is increasingly becoming an esoteric enclave for a select few, a domain of formulas and jargons as remote and impenetrable for most of us as medieval metaphysics. In Altars of Unhewn Stone, Wes Jackson restores the critical link between science and cultural wisdom, showing that recent findings support traditional attitudes about farming, land and resource use, and the interrelations of cultural and biological communities.

      Jackson, founder and director of the Land Institute, an experimental research and educational organization located in Salina, Kansas, issues an urgent call for a new view of contemporary agricultural problems, arguing that agribusiness interests have appropriated scientific contributions piecemeal, destroying much of what our traditional farming had respectfully preserved.

      With eloquence, wit, and charm, Jackson advocates an agriculture that is whole and healthy, sustainable and sustaining.

      Customer Reviews:

      4 out of 5 stars Agricultural Agonistes.......2001-03-25

      Wes Jackson has undertaken one of the most profound efforts of our time: to save us from ourselves. Altars of Unhewn Stone consists of a series of reasoned essays about the dangers of our slide as a nation into corporate agricultural system in which we are losing touch with the natural order and putting ourselves at risk. Current agricultural practices, which have led to the destruction of millions of family farms, are too dependent on fossil fuels, thereby highly inefficient; have narrowed biodiversity in agricultural products, thereby making us more vulnerable to disease and famine; are leading to the long-term erosion and degradation of our soils and ecosystems. Jackson, as a founder of the Land Institute, is trying to embrace this issue in a constructive way. He and his colleagues, including the great essayist Wendell Berry, are arguing for a more intelligent use of the land, citing Native American and Amish models. It is not simply the family farm that is being destroyed, but our fundamental connecton to a natural and healthy way of life. The brave new world of agriculture that Jackson fears is one in which biological and genetic manipulation are the norm, in which chickens are bred without feathers, and pigs and cows are mutated, and animals are increasingly treated brutally, confined to warehouses and feed lots rather than farms. The tragedy unfolding on our land is being forestalled by huge investments in pesticides, fuels and equipment, but the long term cost to us can not be denied, he argues, as we pollute, destroy or degrade our environment. This is one of several important books Jackson has written on the subject and it is an important cultural critique that we fail to heed at our own peril.
      Altars of Unhewn Stone: Science and the Earth
      Average customer rating: Not rated
        Altars of Unhewn Stone: Science and the Earth
        Wes Jackson
        Manufacturer: NPP
        ProductGroup: Book
        Binding: Paperback
        ASIN: B000P6982A

        Astronomical Almanac for the Year 1987
        Average customer rating: Not rated
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          Nautical Almanac Office
          Manufacturer: U.S. Government Printing Office
          ProductGroup: Book
          Binding: Hardcover

          AstronomyAstronomy | Astronomy | Science | Subjects | Books
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          ASIN: 0118869256
          Astronomical Almanac for the Year, 1987
          Average customer rating: Not rated
            Astronomical Almanac for the Year, 1987

            Manufacturer: United States Government Printing
            ProductGroup: Book
            Binding: Hardcover
            ASIN: 9996432106

            Marcelo, the bat / Marcelo, el murciélago
            Average customer rating: Not rated
              Marcelo, the bat / Marcelo, el murciélago
              Laura Navarro
              Manufacturer: Bat Conservation International
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              ASIN: 0292755678

              Book Description

              Young readers will feel an immediate kinship with Marcelo, the little bat who is confused about his family's winter migration from the U.S. to Mexico. This bilingual storybook tells a heartwarming tale in both English and Spanish, while weaving in educational facts about bat behavior. Charming illustrations are rendered in black and white by renowned Mexican artist Juan Sebastián. Recommended for ages 2-7.
              Gastrointestinal helminth parasitism in fruit-eating bats (Chiroptera, Stenodermatinae) from western Amazonian Brazil. : An article from: Revista de Biología Tropical
              Average customer rating: Not rated
                Gastrointestinal helminth parasitism in fruit-eating bats (Chiroptera, Stenodermatinae) from western Amazonian Brazil. : An article from: Revista de Biología Tropical
                Marcelo R. Nogueira , Sueli P. de Fabio , and Adriano L. Peracchi
                Manufacturer: Universidad de Costa Rica
                ProductGroup: Book
                Binding: Digital

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                ASIN: B000ALOARI
                Release Date: 2005-07-25

                Book Description

                This digital document is an article from Revista de Biología Tropical, published by Universidad de Costa Rica on June 1, 2004. The length of the article is 3371 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

                Citation Details
                Title: Gastrointestinal helminth parasitism in fruit-eating bats (Chiroptera, Stenodermatinae) from western Amazonian Brazil.
                Author: Marcelo R. Nogueira
                Publication: Revista de Biología Tropical (Magazine/Journal)
                Date: June 1, 2004
                Publisher: Universidad de Costa Rica
                Volume: 52 Issue: 2 Page: 387(6)

                Distributed by Thomson Gale
                Marcelo, the Bat / Marcelo, El Murcielago
                Average customer rating: Not rated
                  Marcelo, the Bat / Marcelo, El Murcielago
                  Laura Navarro Noriega , and Laura Navarro
                  Manufacturer: Tandem Library
                  ProductGroup: Book
                  Binding: Hardcover

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                  ASIN: 0613966996

                  Spring Training Handbook: A Comprehensive Guide To The Ballparks Of The Grapefruit And Cactus Leagues
                  Average customer rating: 4.5 out of 5 stars
                  • Put me in coach...
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                  • I've Got Spring Fever!
                  Spring Training Handbook: A Comprehensive Guide To The Ballparks Of The Grapefruit And Cactus Leagues
                  Josh Pahigian
                  Manufacturer: McFarland & Company
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                  Customer Reviews:

                  4 out of 5 stars Put me in coach..........2006-01-29

                  A great book if you're going to spring training and plan on spending time at multiple different ballparks. It's interesting to read the history of spring training for each team and the parks.

                  5 out of 5 stars Pitchers and Catchers Reporting Soon!.......2005-01-25

                  Great details about the spring training parks and towns. Packed with photos and info for visiting tourists.

                  From the publisher's web site.
                  SYNOPSIS
                  Though it has changed some in recent years, spring training continues to be a time of renewal for baseball. Teams and fans, many from the snowy climes of the North, descend on Florida and Arizona to begin preparing for what they are sure will be a trip to the World Series. With the pace of the game a little slower, fans close to the action, and players more accessible, the sport seems to return to its roots for a brief, idyllic time.
                  Based on the author's visits to each of the 26 current spring training ballparks-17 in Florida and 9 in Arizona-this reference work first provides a detailed description of the ballpark as it currently exists, plus information on its history. Next comes the spring training history of the resident major league team (or teams, for the four parks that are shared), along with information about noteworthy spring training sites that were, or still are, located near the existing ballpark. Information on the area surrounding the ballpark completes the entry, focusing on other baseball and sports-related attractions in the area. An appendix provides a full listing of every major league team's spring training sites since 1914. Heavily illustrated.

                  5 out of 5 stars I've Got Spring Fever!.......2004-12-17

                  I bought this book as a Christmas present for my son and it has turned out to be an early Christmas present for me. I've spent the last few nights reading about the diverse and fascinating ballparks of baseball's spring training season. I'm not sure if we'll finally make it to Florida or Arizona this March (I swear we're going to one of these years) but I almost feel as if I've already been there after reading some of these chapters. I've learned so much about the origins of the spring game and about how it has evolved. I now know that the Grapefruit League got its name, for example, when Casey Stengel tried to catch a grapefruit dropped from an airplane in Daytona Beach one year and it splattered all over him. I've also learned about the parks present and past that have made baseball in Arizona and Florida unique. I can't wait to visit some of these parks and to make use of the tips the authors offers for spring travelors. How many days until pitchers and catchers report?
                  Spring Training Handbook: A Comprehensive Guide to the Ballparks of the Grapefruit and Cactus Leagues
                  Average customer rating: Not rated
                    Spring Training Handbook: A Comprehensive Guide to the Ballparks of the Grapefruit and Cactus Leagues
                    Joshua R. Pahigian
                    Manufacturer: McFarland & Company, Incorporated Publishers
                    ProductGroup: Book
                    Binding: Paperback
                    ASIN: B000MHN4R2

                    Writing Treatments That Sell: How to Create and Market Your Story Ideas to the Motion Picture and TV Industry, Second Edition
                    Average customer rating: 4 out of 5 stars
                    • Create then what????
                    • Not great for episodic TV
                    • useful for marketing screenplays
                    • A fantastic practical and inspiring text.
                    • The Only Book You'll Ever Need!
                    Writing Treatments That Sell: How to Create and Market Your Story Ideas to the Motion Picture and TV Industry, Second Edition
                    Kenneth Atchity , and Chi-Li Wong
                    Manufacturer: Holt Paperbacks
                    ProductGroup: Book
                    Binding: Paperback

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                    ASIN: 0805072780

                    Book Description

                    As Hollywood insiders know, the first step in selling your story idea for film or television is preparing a treatment, the brief pitch that sells the concept to a busy producer or agent. Now including updates on the latest trends in the industry, writers-producers Kenneth Atchity and Chi-Li Wong tell readers everything they need to know to create an effective and saleable treatment, one that incorporates such key elements as conflict, likeable characters, plot twists, a climax, and visual drama. Using dozens of the latest examples from actual productions, Writing Treatments That Sell distinguishes between scripts designed for feature films, episodic television, and made-for-TV movies, and shows step-by-step how to prepare a selling treatment for each. Also included is essential information on copyrighting and acquiring rights along with a comprehensive glossary of industry terms. This book is essential for anyone hoping to get a foot in the door of the exciting scriptwriting business.

                    Customer Reviews:

                    3 out of 5 stars Create then what????.......2007-04-17

                    The book provided insightful ideas about how to craft movie and tv movie and series treatments (many of which I incorporated into my own treatment), and provided somewhat dated guidance about registration of the treatment and other protections with the Writers' Guild (you can now do it online), but fell dramatically short (sorry!) of providing insight as to how to market it.

                    3 out of 5 stars Not great for episodic TV.......2007-02-11

                    Although the writers clearly have expertise and there is some good information, the book is geared more toward film and made-for-tv movies.

                    4 out of 5 stars useful for marketing screenplays.......2005-12-01

                    [This review refers to the Second Edition.]

                    This book provides specific information on who does what in the television and feature film industry, what the corporate structure is, what the relations between various producers are, etc.

                    The book also provides formats and terminology for treatments and other summary documents used by these film industry people to decide what to buy and what to do with it. Also provides the criteria they use for making their decisions.

                    Sadly, this information also shows you that TV movies and feature films are "designed by a committee". This explains why 95% of movies contain, not only serious flaws, but idiot-level mistakes. The executives and producers are not screenwriters, yet they change the screenplay anyway.

                    The book's specificity sets it apart from most other books in screenwriting.

                    On the negative side: No, this is not the only book you'll ever need. That is ricidulous. The book does not cover screenwriting. Also, the brief, vague remarks about how to write a treatment should be taken with a grain of salt (or maybe a spoonful). If you compare the examples of treatments given in the book, you'll find that they hardly follow these prescriptions.

                    Another disadvantage is the overwhelming prevalence of C-movies used as examples.

                    Finally, you find out that even if you do all that the book suggests, it won't do you any good. You still have to have an Agent! No one will read your precious "treatment" unless it comes from an agent.

                    Still, this is information that every aspiring screenwriter must know, depressing as it is.

                    5 out of 5 stars A fantastic practical and inspiring text........2005-07-20

                    "Writing treatments that sell" is a must have for any new writer serious about entering the motion picture of Television Industry.
                    This text gives specific information about the function of treatments and the industry standards for writing them. Save yourself months of work by writing your treatments first!
                    "Writing treatments that sell" is a great addition to my collection. Highly recommended!

                    5 out of 5 stars The Only Book You'll Ever Need!.......2005-06-02

                    If you possess writing talent and want to break into TV and Motion Picture Industry, "Writing Treatments that Sell" is the only book you will ever need. No, the book won't help you actually sell your story, but it will help you understand the industry, its needs and prepare you to submit a project that will garner serious consideration. "Writing Treatments that Sell" helps you to see your own project from the perspective of the Development Director and guides you through the steps necessary to shape your product from that point of view.

                    As a writer, I became so intimately involved with my project that I forget the point of the story and was unable to communicate what the story was about because I no longer knew myself. Often times, while writing, it's so easy to get bogged down in the muck and mire and lose the point of the story. "Writing Treatments That Sell" helped me focus on the "meat" of the story. The ideas put forth in the book allowed me to lose sight of myself and become an objective reader of my own story. "Writing Treatments That Sell" helped me set up a road-map in an effort to take my story from point A to Point B without losing the flavor.

                    If anyone has ever asked you what your story, novel or script is about and you can't tell them in one or two lines, then "Writing Treatments that Sell" is the book for you. Not only will you be able to convince the buyer your story is worthy of production, you will also convince yourself that the story is a cut above the rest.

                    Paradise Cafe and Other Stories
                    Average customer rating: Not rated
                      Paradise Cafe and Other Stories
                      Martha Brooks
                      Manufacturer: Little Brown & Co (Juv)
                      ProductGroup: Book
                      Binding: Hardcover

                      Short Story CollectionsShort Story Collections | Literature | Children's Books | Subjects | Books
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                      ASIN: 0316109789
                      PARADISE CAFE AND OTHER STORIES
                      Average customer rating: Not rated
                        PARADISE CAFE AND OTHER STORIES
                        Martha Brooks
                        Manufacturer: Little Brown & Co (Juv)
                        ProductGroup: Book
                        Binding: Paperback
                        ASIN: B000OU1IQQ

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                        8. The Trading Athlete: Winning the Mental Game of Online Trading
                        9. The Universal Traveler: A Soft-Systems Guide to Creativity, Problem-Solving, & the Process of Reaching Goals (Crisp Professional Series)
                        10. Time for a Model Change: Re-engineering the Global Automotive Industry

                        Books Index

                        Books Home

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