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Racial steering
A subtle form of racial discrimination in housing is "racial steering." Racial steering occurs when real estate agents show prospective buyers only homes in neighborhoods already dominated by that family's race. This violates the Fair Housing Act of 1968. According to an article in Chance magazine (Vol. 14, no. 2, 2001), tenants at a large apartment complex recently filed a lawsuit alleg- ing racial steering. The complex is divided into two parts: Section A and Section B. The plaintiffs claimed that white potential renters were steered to Section A, while African- Americans were steered to Section B. The following table displays the data that were presented in court to show the locations of recently rented apartments. Do you think there is evidence of racial steering?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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CAPM and Venture Capital
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