Newwire : As clinical trials halt, U.S. Covid cases surge

By Stacy M. Brown, NNPA Newswire Senior National Correspondent

Eli Lilly announced this week that it would pause a government-sponsored COVID-19 clinical trial because of a potential safety concern.
The drug manufacturer did not specify the concern, but the experimental vaccine is reportedly similar to the one President Donald Trump has claimed cured him of the coronavirus.
Earlier, Johnson & Johnson put the brakes on a COVID-19 vaccine trial after the company noted an “unexplained illness” reported by a participant.
In September, Great Britain officials held off on a potential vaccine when a participant reported a concerning reaction.
The difficulty in producing a vaccine for the deadly virus comes as a new wave of COVID-19 infection has begun.
Data provided by Johns Hopkins University in Maryland revealed that the U.S. surpassed 51,000 new daily cases on Oct. 13, marking the first time in over two months that the number exceeded 50,000.
The average daily number of new cases stands at 48 percent higher than two months ago when 34,354 were reported.
More than 36,000 COVID-19 patients were hospitalized on Oct. 13, the highest number recorded since August.
Statistics from the Centers for Disease Control and Prevention reveal that African Americans remain three times as likely as whites to contract the coronavirus, five times as likely to end up in the hospital, and twice as likely to die from COVID-19.
While the race and ethnicity of those who contract the virus are known in just 52 percent of cases, 7 of the 10 U.S. counties with the highest death rates from COVID-19 have populations where people of color make up the majority, according to data compiled by USA Today.Of the top 50 counties with the highest death rates, 31 are populated mostly by people of color. “Put simply, America’s history of racism was itself a preexisting condition,” study authors wrote for USA Today. Additionally, one report noted that had African Americans died at the same rate as whites; approximately 20,800 Black people would still be alive.
Dr. James Hildreth, the president of the historically Black Meharry Medical College in Nashville, Tennessee, told the Black Press that his school is among four HBCUs preparing to host on campus COVID-19 clinical trials.
Dr. Hildreth previously advised against any vaccine touted by Trump, where the president exclaimed would be ready before Election Day.
“It’s true that Black people have little trust in clinical trials, and that’s understandable,” Dr. Hildreth stressed. “We’ve engendered a level of trust with communities of color that other organizations just don’t have, and it’s imperative for us as HBCUs to rise to this occasion.”
Dr. Hildreth noted that Meharry’s trial would feature a vaccine made by Novavax. “I’ll be the first patient,” Dr. Hildreth said, again punctuating the trust that’s needed to secure African American participants.
“By engaging with the four Black medical schools, [participants] will have individuals who look like them, sitting across the table, having these conversations, and we think that’s going to make a huge difference.”

Newswire: Will White House Advisory Council act to end America’s affordable housing crisis?

        NEWS ANALYSIS By: Charlene Crowell
Ta-Nehisi Coates

TriceEdneyWire.com) – Nearly 90 years ago, Kelly Miller (1863-1939), a Black sociologist and mathematician, said, “The Negro is up against the white man’s standard, without the white man’s opportunity.” As the first Black man to enroll as a graduate student at Johns Hopkins University in 1908, Miller also authored a book entitled Race Adjustment, published in 1908.

Ironically, despite the passage of time, Miller’s words express the same sentiment held today by many Black Americans. As a people and across succeeding generations, we have held fast to our hopes for a better life. Yet it is painfully true that many opportunities enjoyed by other Americans have been elusive for people of color.

Noted author and journalist Ta-Nehisi Coates expressed a similar view during his June 19 Capitol Hill testimony on reparations.

“Enslavement reigned for 250 years on these shores,” noted Coates. “When it ended, this country could have extended its hallowed principles—life, liberty, and the pursuit of happiness—to all, regardless of color. But America had other principles in mind. And so for a century after the Civil War, black people were subjected to a relentless campaign of terror, a campaign that extended well into the lifetime of Majority Leader McConnell.”

While economists, public policy think tanks and other entities may sing a chorus of how well the American economy is performing and expanding, people of color – especially Blacks and Browns – have yet to see or feel economic vibrancy in our own lives – particularly when it comes to housing and homeownership.

On June 25, Harvard University’s Joint Center for Housing Studies (JCHS) released its annual report, The State of the Nation’s Housing. One of the housing industry’s most broadly anticipated and cited reports, it once again chronicles recent trends and issues.

“The limited supply of smaller, more affordable homes in the face of rising demand suggests that the rising land costs and the difficult development environment make it unprofitable to build for the middle market,” said Chris Herbert, JCHS’s managing director.

Among this year’s key findings:

Since 2018, the monthly housing payment on a median-priced home has been $1,775;

In 2019, the cost of a median-priced home rose by 4% to $261,600 when a comparable home in 2011 was priced far lower at $177,400.

This rise in home prices is also the seventh straight year that median household incomes have failed to keep pace in 85 of the nation’s largest 100 markets.

Nearly $52,000 would be required to make a 20% down payment on a median priced home. Even if buyers opted for an FHA 3.5 percent down payment mortgage, more than $9,000 would be needed to pay it, closing costs, and related fees;

In rental housing, four million units of housing priced at $800 or less were lost between 2011 and 2019. Also, since 2010, renters now include consumers earning $75,000 or more.

Families who already own their own homes, these findings signal that their investments are appreciating, growing in equity and wealth.

But for those trying to make that important transition from renting to owning, it’s a very different outlook. As rental prices continue to soar and moderately priced apartments disappear from the marketplace, both prospective homeowners and current renters face a shrinking supply of affordable housing.

When homeownership is possible, housing costs can be better contained with fixed-interest rate mortgages, tax credits, and eventual equity. Even so, the Harvard report finds that only 36 percent of all consumers could afford to buy their own home in 2018. With higher priced homes in 2019, the affordability challenge worsens.

“It is equally noteworthy that once again this key report shares how consumers of color continue to face challenges in becoming homeowners, noted Nikitra Bailey, an EVP with the Center for Responsible Lending. “According to the report, only 43 percent of Blacks and 47% of Latinx own their own home, while white homeownership remains at 73 percent.

“This 30% disparity deserves further examination and proportional remedies,” continued Bailey. “Greater access to safe and affordable credit, better fair housing enforcement, preservation of anti-discrimination laws – including disparate impact – can play a role in eliminating homeownership gaps. Further, as the future of Fannie Mae and Freddie Mac are publicly debated, a renewed commitment to serve all creditworthy borrowers must be embraced.”

Calvin Schermerhorn, a professor of history in Arizona State University’s School of Historical, Philosophical and Religious Studies and author of The Business of Slavery and the Rise of American Capitalism, 1815-1860, holds similar views to those expressed by Bailey. In a recent Washington Post op ed column, Schermerhorn addressed the historic disparities that Black America continues to suffer.

“One-fifth of African American families have a net worth of $0 or below; 75 percent have less than $10,000 for retirement,” wrote Schermerhorn. “The enduring barriers to black economic equality are structural rather than individual…. “Escalators into the middle class have slowed and stalled, and the rung of the economic ladder one starts on is most likely where one will end up.”
On the same day as the Harvard report’s release, President Donald Trump signed an executive order that establishes a new advisory body that will be led by HUD Secretary Ben Carson. A total of eight federal agencies will work with state and local government officials to remove “burdensome governmental regulations” affecting affordable housing.

“Increasing the supply of housing by removing overly burdensome rules and regulations will reduce housing costs, boost economic growth, and provide more Americans with opportunities for economic mobility,” stated Secretary Carson.

If Secretary Carson means that local zoning rules favor single family homes over multi-family developments is a fundamental public policy flaw, he may be on to something. However this focus misses the crux of the affordable housing crisis: Wages are not rising in line with increasing housing costs. And now, after the housing industry continues to cater to more affluent consumers, while many older adults choose to age in place, the market has very little to offer those who want their own American Dream, including some who are anxiously awaiting the chance to form their own households.

Builders have historically, not just of late, complained about the time it takes to secure permits or the series of inspections that must be approved during construction and before properties can be listed for sale. What is missing from this new initiative is a solution to the financial challenges that average people face.

It was scant regulation and regulatory voids that enabled risky mortgage products with questionable terms that took our national economy to the brink of financial collapse with worldwide effects. Taxpayer dollars to rescue financiers while many unnecessary foreclosures stripped away home equity and wealth from working families.

Time will tell whether new advisors and proposals remember the lessons from the Great Recession.

Charlene Crowell is the communications deputy director with the Center for Responsible Lending. She can be reached atCharlene.crowell@responsiblelending.org.