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New research finds women and minorities likely to pay higher auto loan premiums

Model-Free Evidence: Cumulative Distribution Functions of Dealer Markups Underlying the Gender and Racial GapsNotes. (a) More women than men are charged nonzero markups (in bps), given the rightward shift in the cumulative distribution function for women relative to men. (b) Dealers charge minorities nonzero markups more frequently than they charge nonminorities. Credit: Marketing Science (2023). DOI: 10.1287/mksc.2022.0295 New…

Nvidia staffers had warned CEO Jensen Huang of threat AI would pose to minorities

Masheika Allgood and Alexander Tsado left their 2020 meeting with Nvidia Corp. Chief Executive Officer Jensen Huang feeling frustrated. The pair, both former presidents of the company's Black employees group, had spent a year working with colleagues from across the company on a presentation meant to warn Huang of the potential dangers that artificial intelligence (AI) technology posed, especially to minorities.The 22-slide deck and other documents, reviewed by Bloomberg News, pointed to Nvidia's growing role in shaping…

UK report reveals the ‘toxic culture’ keeping women and ethnic minorities out of specialist squads

Credit: CC0 Public Domain Hundreds of London's Metropolitan police officers temporarily turned in their firearms in September after the Crown Prosecution Service charged an officer with the murder of unarmed 24-year-old Chris Kaba. Up to 300 of the force's 2,500 armed officers stepped back from their duties, leading the Met to request backup support from the army. Met commissioner Mark Rowley suggested that officers were…

Fostering acceptance of sexual minorities in the Hispanic community

Guillermo "Willy" Prado and graduate student Alyssa Lozano developed a program to help Hispanic youth who identify as sexual minorities. Credit: Alyssa Lozano/University of Miami Coming out to your parents can be a difficult and sensitive process for a person at any age. But for Hispanic teens, sharing that information can become even more challenging.

Quotas alone will not solve the problem of underrepresentation of minorities in modern workforce, finds modeling study

Group size and behavioral interventions were investigated for their impact on minority nodes' position (red) in degree rankings over time. Credit: Complexity Science Hub What is the impact of affirmative actions, such as quota systems, on minorities' representation in top ranks of the academic and corporate worlds? Scientists used mathematical models for the first time to quantify how successful quota systems can be for…

No association between diversification of US police departments and clearance rates of crimes against minorities

Credit: Unsplash/CC0 Public Domain Along with high rates of crime relative to other developed nations, the United States' crime clearance rates—the rates at which crimes are solved—are alarmingly low. One way to raise crime clearance rates is to diversify police departments. A new study examined the effect of diversification of police departments on clearance of aggravated assaults in U.S. police agencies. None of the measures…

svb collapse immigrant founders: Silicon Valley Bank collapse concerns founders of colour, minorities

In the hours after some of Silicon Valley Bank's biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of colour ballooned to more than 1,000 members.Questions flowed as the bank's financial status worsened. Some desperately sought advice: Could they open an account at a larger bank without a Social Security Number? Others questioned whether they had to physically be at a bank to open an account, because they're visiting parents overseas.One clear theme emerged: a deep…

Interview: Chigozie Obioma, author, An Orchestra of Minorities – “Writing is a big gamble”

You will be in India soon to speak at the Jaipur Literature Festival. What are you looking forward to? Have you visited India or interacted with your Indian readers before this? I have always wanted to visit India since 2007 when I had a roommate, Abhinav Bhattacharya, from Assam who would always tell me about India. But even more, India is, to my mind, a singular literary fount that has produced great writers like Salman Rushdie, Arundhati Roy, Anuradha Roy, and others. In fact, Indian readers have been very generous to…