Black People : RACIST COVER ON BLOOMBERG BUSINESSWEEK

Discussion in 'Black People Open Forum' started by Kemetstry, Feb 28, 2013.

  1. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    Bloomberg Businessweek under fire for 'racist' cover
    The magazine depicts minorities in a house filled with cash. Sadly, the mortgage crisis disproportionally affected minority homebuyers.
    By Jonathan Berr 6 hours ago

    [​IMG]Bloomberg Businessweek has caused an uproar for using offensive stereotypes of minorities to illustrate a story on the housing rebound.

    The magazine has expressed regret over the cover of last week's issue, which featured images of minorities, including a barefoot black man with exaggerated features, grabbing wads of cash in a house overflowing with money.

    An African-American woman with large lips is shown feeding a dog. In other rooms of the house, Latino women are grabbing and holding cash. The cover features this headline: "The Great American Housing Rebound. Flips. No-look bids. 300 percent returns. What could possibly go wrong?"

    Reaction on Twitter was scathing. Matt Yglesias of Slate wrote: "If you like your business news spiced up with racism, turn to the latest @businesweek cover." Forbes' Jeff Bercovici added: "What can everyone who had anything to do with this Businessweek cover have been thinking?"

    The Huffington Post described the cover as "racist chic."

    Writing on the website of the Columbia Journalism Review, Ryan Chittum noted that minorities were targeted by predatory lenders responsible for part of the housing bubble. Many who qualified for conventional mortgages were pushed into risky, high-cost, subprime loans, a fact that the Businessweek cover fails to point out.



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  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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  3. Enki

    Enki The Evolved Amphibian STAFF

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    They are perpetuating the narrative that many on the right have like Hanniy and O'Reilly. They and many others milked this cow for all it was worth, Hannity even got the worst example to prove his point. He found one ignorant black, grinnin and proclaiming Obama was going to give her a free cell phone.

    Peace!
     
  4. ManicRaider

    ManicRaider Well-Known Member MEMBER

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    I don't get the subtext. Are they saying minority borrowers are to blame for the housing collapse?
     
  5. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    Yes. We were the ones taking all those sub-prime loans





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  6. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    :11100: yep, we did it…..white folk never done defaulted
     
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