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Via The New York Times

A New York Times investigation found that of more than 900 powerful officials — including executives and prominent positions — only about 20% identify as people of color.

Why it matters: While 40% of Americans identify as Black, Hispanic, Asian, Native American, multiracial or other, representation of those groups at the highest levels of corporate power is sparse, per the Times.

The investigation found:

  • "Of the people at the top of the 25 highest-valued companies, 6 are Asian or Black."
  • "Of the people who head universities ranked in the top 25, 1 is Hispanic."
  • "15 people direct major news organizations. 3 are Black or Hispanic."
  • "The 5 people who have the most influence over book publishing are all white."
  • "The people who edit the 10 most-read magazines are all white."
  • "14 people influence most of the music that is produced and played. 2 are Black or Hispanic."
  • "25 people run the top TV networks and Hollywood studios. 3 are Black or Hispanic."
  • "Of the people in charge of the 25 highest-valued fashion companies, 3 are Asian or Hispanic."
  • "99 people own professional baseball, basketball and football teams. 6 are Asian, Black or Hispanic."
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Go deeper

American dream deferred

Photo illustration: Aïda Amer/Axios. Photos: Lambert Studios (ARC), H. Armstrong Roberts (ClassicStock)/Getty Images

The U.S. government partnered with the private sector for decades to prevent Black Americans and immigrants from owning homes, and while explicit rules regulating where people of color live were outlawed in 1968, the legacy of racial segregation in undervalued neighborhoods still reverberates throughout the country.

Why it matters: Owning a home is an integral piece of the American dream, and the single most important driver of wealth generation and financial security — especially for Black households.

The rental housing market's "Black tax"

Photo illustration: Sarah Grillo/Axios. Photo: Underwood Archives/Getty Images

Renters of color, especially Black Americans, often pay a "Black tax" — a premium for renting similar housing in the same neighborhoods as whites.

Why it matters: A recent study found that Black tenants paid as much as 2% more in rent — a gap that widened if the area had a bigger population of white people. Higher rent is just one hurdle to accessibility and affordability in the rental market that people of color uniquely deal with despite federal fair housing laws enacted more than 50 years ago.

"Atmospheric river" swings Northern California from drought to flood

Satellite view of the bomb cyclone swirling off the coast of the Pacific Northwest and the atmospheric river affecting California on Oct. 24. (CIRA/RAMMB)

A series of powerful "atmospheric river" storms are delivering historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest this weekend, forecasters warn.

Why it matters: The strong atmospheric river, packing large amounts of moisture, is causing Northern California to whiplash from drought to flood.