Why give all BP funds to Coast? Some area legislators say, ‘Not so fast’

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Daily Journal Jackson Bureau

JACKSON – Some Northeast Mississippi legislators are saying not so fast in terms of the three coastal counties receiving all of the funds from the $750 million settlement with BP for the 2010 explosion of the Deepwater Horizon in the Gulf of Mexico and subsequent massive oil spill.

“I know some people feel some of the money should come to the central and northern parts of the state,” said Rep. William Tracy Arnold, R-Booneville.The issue of how the money that was part of the settlement reached with BP should be divvied up is expected to be […]

Income Inequality and Redistributive Policies Essay

This paper discusses the factors that determine the increase in pay gap between top executives and the average worker. Income inequality has continued to be an economic issue in the United States. The changes in income inequality in the United States have been researched and well documented. The findings reveal an alarming state of affairs concerning income inequality in the country. Most labor economic policies have started to focus on the income inequalities in the country. One of the programs that target this issue is redistribution.

For Redistributive Policies to work, it is important to know the

We will write a […]

Charlotte street protests: Where the new South meets the old South


REUTERS/Jason Miczek View Caption

Charlotte, N.C. — There’s Houston and Atlanta and Jacksonville, Fla., of course, but perhaps no city epitomizes the promise of the New South more than this old Indian trading post turned global banking capital.

The spires of big banks pierce the Carolina blue sky. Money is being made hand over fist, and the city has swelled as young college-educated people are drawn as if toward a middle-class siren – a place where 25 percent of households make more than $100,000 a year, one of the highest rates in the country. Trolleys sway along new tracks […]

Restoring America’s Economic Mobility

Author, The Way Back: Resotring the Promise of America

Frank Buckley is a Foundation Professor at Scalia Law School at George Mason University, where he has taught since 1989. Previously he was a visiting Olin Fellow at the University of Chicago Law School, and he has also taught at McGill Law School, the Sorbonne, and Sciences Po in Paris. He received his B.A. from McGill University and his LL.M. from Harvard University. He is a senior editor of The American Spectator and the author of several books, including The Once and Future King: The Rise of Crown Government […]

How the government got BP to pay the biggest environmental penalty in history

BP oil spill cleanup

A worker collects blobs of oil from the BP spill with an absorbent snare on Queen Bess Island in Louisiana on June 4, 2010. (Gerald Herbert / Associated Press) The first order of business when John Cruden took over as the Justice Department ‘s top environmental lawyer was holding BP financially accountable for the 2010 Deepwater Horizon spill that fouled the Gulf of Mexico with millions of barrels of oil.

The best way to do that, Cruden believed, was to settle the costly and contentious legal fight between his department and the oil giant. But the former Green Beret was […]

INCOME INEQUALITY SOCIAL MOBILITY

3/15

• Rising concerns about the potential impact of these trends on our societies …

• Is increasing inequality compatible with social cohesion and political stability?• … and economies: • Does it imply lower social mobility?• Does it affect economic growth (recovery)?• To a large extent, the answers depend on the impact of inequality on (human and physical capital) investment, on entrepreneurship and innovation etc.• Incentives vs Opportunities… contributed to a growing public discussion4/15Social mobility varies substantially across OECD countries…• Children education (or income) depends on parents’ education (or income) ïƒ intergenerational persistence in outcomesInequality & mobility: what do we know?Note: […]

Restoring America’s Economic Mobility

Author, The Way Back: Resotring the Promise of America

Frank Buckley is a Foundation Professor at Scalia Law School at George Mason University, where he has taught since 1989. Previously he was a visiting Olin Fellow at the University of Chicago Law School, and he has also taught at McGill Law School, the Sorbonne, and Sciences Po in Paris. He received his B.A. from McGill University and his LL.M. from Harvard University. He is a senior editor of The American Spectator and the author of several books, including The Once and Future King: The Rise of Crown Government […]

Inequality essays

Inequality essays

Four self-contained essays on trends in the share of top incomes, economic poverty, regional income inequality and tax progressivity. In all these essays the. Runnymede Perspectives Edited by Claire Alexander and Jason Arday Aiming Higher Race, Inequality and Diversity in the Academy Gender inequality is amongst us all in any given society. Although gender is not as simple as may seem. Gender comes into play along with a number of. Essays on inequality and education. Erika Ekström. DISSERTATION SERIES 20032. Presented at the Department of Economics, Uppsala University. Race, status, and class are one of the main reasons for […]

Namibia: Market Myths and Social Facts

MANY of us remember the 1970s for its music and fashion, but we should also take a lesson from its mistaken beliefs. Without easy access to data or analyses of social trends, some ideas about the workings of nature and society were completely backward. Today, we know things that were simply unknowable back then.

If you asked doctors in the 1970s who was most likely to suffer a heart attack, they would share an intuition about "executive stress." People in senior leadership positions, it was believed, face higher risks of coronary disease because of the demands of their jobs.

It turns […]

Don’t Dismiss the American Dream


Many have sounded the alarm that economic mobility in the United States has fallen behind that of our European peers. Some, including Princeton economist Alan Krueger and President Obama’s White House , blame income inequality. According to their arguments, the United States has a gap between rich and poor that makes it difficult for those not born into wealth to get ahead.

Elise Gould of the Economic Policy Institute also laments low levels of mobility. Her preferred measure of economic mobility, intergenerational earnings elasticity (IGE), shows that the United States falls behind its European peers. The United States has an […]