Bay State Banner 12-18-2014

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ARTS AND ENTERTAINMENT

Bolling Building set to impress......pg. 3

Bethany Van Delft. pg. 12 FREE

Thursday • December 18, 2014 • www.baystatebanner.com

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Activists win over mortgage giants Yawu Miller

by foreclosures. Bankers balked, arguing that In a policy change that could agreeing to write-downs would have profound implications for set a bad precedent and persuade struggling homeowners, the na- more homeowners to default on tion’s largest mortgage holders, their mortgages. And the nation’s Fannie Mae and Freddie Mac, two largest mortgage holders, the have agreed to allow homeown- federally-chartered Fannie Mae ers who have lost their homes to and Freddie Mac corporations, foreclosure to buy their properties flatly refused to entertain the back at current market value. notion. The policy change comes after Founded in 1938 as part of the years of lobNew Deal probying by nongram, Fannie profits and Mae was charhousing activtered by Conists fighting “In some areas gress to stimuf o r e c l o s u r e s we’re seeing a new, late the housacross the ing market in ungrounded rampcountry. the United “This will up in property values. States. The orhave a huge ganization buys impact for us,” We’re seeing speculators mortgages said Maureen buying up properties from banks and Flynn, Execumortgage comtive Director and renting them.” panies, freeing of the Coalientities — Grace Ross those tion for Occuup to write pied Homes in more mortForeclosure. gages. The “We’ll still be Federal Home negotiating with them about the Loan Mortgage Corporation — principal, but this is a huge game known as Freddie Mac — was changer.” founded in 1971 to compete with When the nation’s real estate Fannie Mae and further stimulate market hit the skids in 2008, after the home loan market. mortgage companies and invesBoth agencies are considtors drove up prices through spec- ered government-sponsored enulation and outright fraud, many terprises — 79 percent of their homeowners in Boston were stuck shares are owned by the governwith mortgages that far exceeded ment. Together, they own half of any reasonable valuation of their all mortgages in the U.S. homes. When the real estate market As many of those mortgagees crashed in 2008, sending the U.S. went into default and faced fore- economy into a tailspin, blacks closure, many housing activists and Latinos were hit particularly settled on principal reduction — hard. Median wealth for blacks writing down the value of the loan dropped 53 percent. For Latinos, — as a preferred policy prescrip- median wealth dropped by 66 tion to bail out homeowners and percent. Fannie Mae continued to page 19 stabilize neighborhoods wracked

Akunna Eneh addresses demonstrators gathered in front of the State House for a protest against police shootings. A crowd estimated at more than a thousand demonstrators marched through Downtown Boston Saturday while tens of thousands turned out to demonstrations in New York and Washington, D.C. (Banner photo)

Black Lives Matter protests sparking national debate Yawu Miller Protests over police shootings of black men continued for the third straight week, with major demonstrations in New York City and Washington, D.C. drawing tens of thousands, and a smaller protest of about 1,000 demonstrators in Boston last weekend. As protesters white, black, Latino and Asian take to the streets, the “Black Lives Matter” theme has generated a wider discussion about racism and the criminal justice system in the United States. Following the Ferguson, Missouri police shooting of teenager Michael Brown, many activists called for long-sought-after policy changes — body-worn cameras

for officers, shared data on police shootings, independent investigations of police shootings. But it became clear that policies aren’t enough to protect blacks from the criminal justice system after a New York grand jury declined to indict Daniel Pantaleo, the New York police officer who killed Eric Garner in an illegal chokehold during an incident that was recorded on cellphone video by a bystander. The grand jury’s refusal to see wrongdoing, despite the video evidence, points to entrenched racial attitudes among police and the U.S. public. “The problem we have is a philosophy of white supremacy that’s pervasive,” said New York-based

author and news commentator Keith Boykin. “Until we address that, we’re pretty much putting Band-Aids on bullet wounds. We’re not dealing with the root cause of the problem.” A growing body of studies has demonstrated that white police officers harbor unexamined subconscious negative attitudes toward blacks. The studies include a 2005 Florida State University study that found that police are more likely to shoot unarmed blacks than unarmed whites. The profound effects of these attitudes have played out with increasing frequency in the news media and on social media as one police shooting after another finds protests continued to page 21

BPS students embark on 7-year path to teaching Sandra Larson

Boston Public School students were inducted Dec. 13 into the High School to Teacher program, which offers training, reduced tuition, a fast track for a teaching position in Boston schools. Above, a group of students and mentors from East Boston High school. (BPS photo by Mark Pijanowski)

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Thirty-six Boston high school students are starting on a seven-year path through high school and college and into teaching careers, thanks to a new Boston Public Schools program aimed at developing a more diverse next generation of teachers. The High School to Teacher program offers training, mentoring and support to promising students interested in pursuing teaching careers. Launched earlier this year, the initiative aims to help students achieve school and career success while at the same time

tackling a key BPS goal to increase diversity in the teaching ranks. “This high school teacher initiative is part of Boston’s overarching initiative to increase workforce diversity. There’s been considerable strategy on building the pipeline, and this is part of it,” said Ceronne Daly, director of diversity programs at the BPS Office of Human Capital. “We’re reaching out to work with high school students throughout their entire high school career and into college.” Recruiting for High School to Teacher’s first cohort began in BPS students continued to page 18

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