GPHY 227 Chapter Notes - Chapter Wk9: Food Security, System On A Chip, Neoliberalism
22 Dec 2016
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Gphy 227 week 9 notes urban nature and the environment. Urban geography chapter 3, p69-73: racism and uneven urban development: the case of redlining. 1930s onwards; hard for african americans to get mortgages (high deposits, few loans) Home owners loan corporation (usa, 1935); made maps of us cities demarcating which neighbourhoods could be trusted with financing; black communities marked as. Ethnobanking and the new global social economies of finance: la; chinese ethnic banking rose. Ethnobanks owned & operated by minorities: located in the communities they serve, make use of cross-national trade and finance (including migration) flows (cid:494)no go(cid:495) zones. Redlining african americans can(cid:495)t bank or own houses easily, and disinvestment and. Reverse redlining minorities pursued for expensive financial services. Subprime lending to people with poor credit history, or higher risk customers. Substandard financial opportunities in these neighbourhoods for decades. example of reverse redlining. Structural racism; sell subprime loans to ethnic minorities.
