Bloomberg Busi­ness­week has apol­o­gized after its latest cover, showing black and Latino people wal­lowing in cash, drew offense at what many saw as racist depictions.

The cover was for a story enti­tled “The Great Amer­ican Housing Rebound,” which describes a return to the aggres­sive mort­gage lending prac­tices that cre­ated the last housing bubble.

Racist is a label I try not to use lightly,” tweeted Dan Kennedy, a press critic and pro­fessor at North­eastern Uni­ver­sity. “This is racist. Nice work, Businessweek.”

Read the article at The Wrap →