Impact of current financial crisis on East Austin communities

According to Pew research institute, the unemployment rate for Hispanics rose from 5.5 percent in April 2007 to 6.9 percent in April 2008. The unemployment rate for Mexican immigrants was 8.4 percent in the first three months of 2008, up from 5.5 percent in 2007

Moreover, a combination of plentiful jobs and subprime mortgage loans allowed the share of Hispanics owning homes in the US to rise from 41 percent in 1994 to 50 percent in 2006. However, half of the loans issued to Hispanics in 2006 were subprime. As jobs disappear, many of these new homeowners risk losing their homes, threatening local businesses that cater to them.

It seems when difficult time comes, social minorities are most vulnerable as is the case of Hispanic immigrant communities.

There are four aspects of the impacts on East Austin.

1) Housing
2) Employment
3) Business (Restaurant, ethnic media too, declining of AD from Hispanic businesses forced some media shut down)
4) Education: increasing school drop out

I'll try to come up with detailed stories and sources of visual stuffs, interview sources etc.
Please let me know if you have anything to add or suggest, information .... thank you.