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On Tuesday, November 17, Axios' Sara Kehaulani Goo, Erica Pandey, and Courtenay Brown hosted a conversation on unequal opportunity and systemic racism in schools, featuring Northern California Indian Development Council Indigenous Education Advocate Rain Marshall, National Education Association President Becky Pringle and EdBuild CEO Rebecca Sibilia.

Becky Pringle discussed racial inequity in the education system, highlighting a lack of funding and accessible resources for students of color, as well as the need for congressional action around students' access to virtual education.

  • On the stark challenges of digital access: "60 million students did not have access to virtual learning in the spring...It is now November and those students still do not have that access. We are working with our educators and with communities, with our families or our partners to demand that the Senate act."

Rebecca Sibilia unpacked how school district lines can reinforce existing racial and economic divides, and discussed the possibility of making school districts larger to better distribute resources to students.

  • On growing wealth inequality and its impact on education: "[The] school district line becomes incredibly important in determining which students go to which schools and how well resourced they are. Because we fund schools primarily based on property taxes, the state tries to equalize for differences in the fundamental wealth of communities, but they just can't keep up."

Rain Marshall discussed the legacies of colonization on Indigenous students and the impact of those narrative being left out of school curricula.

  • On the classroom experience of Indigenous students: "You have a curriculum that doesn't reflect the population of Indigenous students...You have these leftover legacies in the school system and implicit bias where teachers just aren't aware that [this] erasure is harmful."

Axios' VP of Events Kristin Burkhalter hosted a View from the Top segment with President of Paul Quinn College Dr. Michael Sorrell and discussed the impact of poverty on students, and how to rethink the American education system.

  • On increasing accessibility to higher education: "People need are easier on and off ramps into higher education...The idea that what you study when you're 20, 21, 22 years old is going to be with you for the rest of your life and you won't need to make adjustments is just not realistic."

This event was the second in a yearlong series called Hard Truths, where we'll be discussing the wide ranging impact of systemic racism in America. Read our deep dive on race and education here and check out the series page here.

Thank you Capital One for sponsoring this event.

Go deeper

Updated Jan 28, 2021 - Axios Events

Watch: The future of financial inclusion

On Thursday, January 28, Axios' Dan Primack hosted a conversation on financial inclusion in the global economy, featuring Sen. Tina Smith (D-Minn.) and Institute for Women's Policy Research CEO C. Nicole Mason.

Sen. Tina Smith discussed the impact of the COVID-19 pandemic, uneven access to technology, and the role of systemic racism in growing economic inequities.

  • On what she thinks will be the most effective way to move the needle on financial equity: "Raising the minimum wage to $15 an hour...is one of the biggest things that we can do to address the wage inequality and savings potential for people of color in this country."
  • On Democrats' economic goals going into the new administration: "Addressing this kind of discrimination in financial services and creating more opportunities for people of color to get access to banking services, loans, access to capital is a big priority for us as [Democrats] move into the majority."

C. Nicole Mason discussed how job losses during the pandemic reflect existing gender and racial inequities, as well as the disproportionate burden of childcare on women.

  • On the scale of job losses for women: "Since the start of the pandemic, women have exited the workforce at four times the rate of men, so about 11 million women since the start of the pandemic have lost their jobs or exited the workforce."
  • On childcare as an equity issue: "With the pandemic, the burden [of childcare] doubled and tripled...We need a national childcare infrastructure where we keep up childcare as a public good and people can access it regardless of their income or ability."

Axios co-founder and CEO Jim VandeHei hosted a View from the Top segment with Executive Vice President and Chief Executive Officer of Europe, Visa Charlotte Hogg, who discussed digital and financial inclusion as a component of economic equity during the pandemic.

  • "We have to think about inclusion as being digitally, financially included. [From] small businesses who are increasingly important in driving towards a more inclusive recovery and who need to be digitally enabled to participate in that, [to] consumers who for various reasons may be vulnerable."

Thank you Visa for sponsoring this event.

2021 economy boomed at fastest rate in 37 years

Source: Bureau of Economic Analysis

The U.S. economy surged ahead with a 6.9% annual growth rate in the final months of 2021 and achieved the strongest growth over an entire calendar year since 1984.

Driving the news: New GDP numbers from the Commerce Department show a remarkable acceleration in economic activity, much faster than the 5.3% growth rate analysts expected.

The Fed isn't the only problem investors are worried about

Illustration: Aïda Amer/Axios

The Federal Reserve will be raising rates, just as the economy is slowing. The markets hate that.

Why it matters: The ugly start to the stock trading year doesn't just reflect Fed-induced agita — investors are also worried about a growth slowdown.