Condemn Bloomberg Buisnessweek for Magazine Cover with Racist Sterotypes

Target: Editor Josh Tyrangiel

Goal: Condemn Bloomberg Buisnessweek for magazine cover depicting black and Latino racial caricatures

Bloomberg Buisnessweek recently released a cover titled, “The Great American Housing Rebound?” The cover depicted black and Latino racial caricatures inside a house rolling in a pile of money. The cover clearly made the false implication that minorities had been the cause of the housing crisis. Sign the petition to condemn the magazine for playing to racial stereotypes and debunked theories.

The editor apologized but failed to recognize what caused the strong reaction, “Our cover illustration last week got strong reactions, which we regret. Our intention was not to incite or offend. If we had to do it over again we’d do it differently.” The magazine fails to recognize that it was the use of racial caricatures that one might expect to see only in the 1950’s that caused people to be upset.

Hugo Balta of the National Hispanic Association writes, “It’s insensitive and ignorant. It stereotypes. Discriminates. Demonizes. Scapegoats. And it’s misleading.” The cover is particularly unnecessary because the articles inside do not even mention race. The reality is also that minorities far from being responsible for the crisis, are more often the victims of predatory lending practices by banks.

The cover functions as racist propaganda that has the potential to incite violence against minorities. The cover demonizes and discriminates against minorities holding them responsible for a crisis they had no role in. Sign the petition to condemn Bloomberg Buisnessweek for the demonizing and racist magazine cover.


Dear Editor Tyrangiel,

I am a human rights activist and reader of Bloomberg Buisnessweek writing to condemn your magazine cover that contained disturbing racial caricatures. The National Hispanic Association questions why you felt it was necessary to use a cover that wouldn’t even have been appropriate for the 1950’s.

The articles inside do not discuss race or color at all. The notion that minorities were responsible for the housing crash became popularized among racists who sought to demonize blacks and Latinos following the crisis. It is disgraceful that a reputable publication like Bloomberg Buisnessweek would play into such sentiments.

I hope you accept the offer by the National Hispanic Association to enter into a discussion.


[Your Name Here]

Photo Credit: Bloomberg Buisnessweek

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