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‘Cocky’ Bill Shorten wants to inflict socialism on a new generation, Mathias Cormann says

August 23, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


The finance minister, Mathias Cormann , says Bill Shorten is banking on enough young Australians forgetting the “historical failure of socialism” to prosecute a Jeremy Corbyn-style politics-of-envy campaign – which would deliver only “economic decline and social division”.

Cormann used a strongly worded speech to the Sydney Institute on Wednesday night to posit that Shorten was intent on inflicting socialism on an unwitting new generation, declaring that the Labor leader has made the “deliberate and cynical political judgment that enough Australians have forgotten the historical failure of socialism”.

He compared Labor’s policy platform to the policies of East German communism, characterising […]

Cool & Showery Bias Into Weekend – Hurricane Risk Grows for Texas

August 23, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Severe Storm Watches, Warnings and Emergencies

U.S. taxpayers spend about $15 every year for the privilege of having a state-of-the-art National Weather Service; arguably the best on the planet. We can debate which weather model is doing the best job, but when it comes to warning citizens of life-threatening weather, nobody does in better than NOAA.

Which is good, considering the USA experiences more severe weather than any nation on Earth. Why? Europe’s Alps provide a natural east-west barrier that slows the movement of opposing airmasses. Not so in America; the Rockies run north-south, meaning Gulf moisture can quickly mix […]

A look beyond income reveals a dark future for Cambodian inequality

August 23, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Labourers work on a high-rise construction site in the Kingdom’s capital in 2015. Pha Lina Written by Laurie Parsons, ESRC-DFID early career research fellow at Royal Holloway, University of London.

Inequality is a contentious issue. It has been described in recent years as “the biggest threat to the world” and “a blemish on Asia’s growth story”, yet its importance continues to be denied by policymakers and commentators who persist in pointing to GDP figures as the universal recognisable hallmark of prudent stewardship.

Supporting this position, a popular perspective among economic liberals holds it is equality of opportunity, not income, that […]

Circulation of Elites, Social Justice and Socio-economic Development

August 22, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


If you are a Sinhala music lover, close your eyes and listen to a few of Nanda Malini’s best songs. And then, reflect on her widely reported humble beginnings in a disadvantaged settlement in Colombo. Fortunately, for her and us, her innate talents were in music, not in any other institutionalized area of professional work where the rise to a higher level of competence and recognition has long been dependent on access to social and financial resources, besides having attended a privileged school. The education system does not help develop the full intellectual potential of children and youth in […]

How to Move Millions Up the Income Ladder

August 22, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Moving Up

by Debby Bielak and Devin Murphy

Five interventions have the potential to significantly impact economic mobility. THE AMERICAN DREAM is not unique to America. Parents the world over harbour the hope that if their children work hard and build their skills, they can climb the income ladder and attain a higher standard of living. However, the odds that children will rise above their life’s station are more promising in many industrialized nations than they are in the U.S.: According to the Economic Policy Institute , Canada, Denmark, Norway, Finland and Australia offer the greatest opportunities for upward mobility. Meanwhile, […]

Economic Inequality

August 22, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Compelling documentary (narrated by Matt Damon) explicating the causes of the  2008 economic fallout and crash of the housing market. Watch it, and prepare to get a tad angry.

Watch John Oliver Explain Income Inequality With a Ridiculous Powerball Lottery Black, Latino Two-Parent Families Have Half The Wealth Of White Single Parents Social Class Social Justice Pew Research Center Banner Beautiful Things Politics Social Democracy Political Comedy Protection Racket In 2013 the top 10 percent wealthiest Americans owned 77 percent of all the wealth in the United States. Distribution of U. Wealth, 2013 Source: Pew Research Center See more The Vanishing Middle Book Jacket Larger Comic Books Tower Peter O’toole United States Why the United States has developed an economy divided between rich and poor and how racism […]

Daily NK releases ground-level report on General Markets in North Korea

August 22, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Daily NK is proud to announce the release of a comprehensive report on the current state of North Korea’s market economy and the implications of proliferating marketization. The report marks the culmination of painstaking research efforts undertaken between 2014-2016 in collaboration with 32 specially-trained sources from North Korea, approximately one-third of whom independently reported from inside the country on conditions within their local General Markets.

The report, entitled " The Creation of the North Korean Market System ," provides a more detailed view than ever before of the extent of market activity occurring not just within the officially-sanctioned brick-and-mortar markets, […]

The Tenure Track Is Too Rigid to Help Diversity

August 21, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Education

Universities should experiment with ways to hire more parents and other would-be professors who don’t have an inside track. Potential professors. Photographer: Spencer Platt/Getty Images The brouhaha over the Google diversity memo has turned attention toward gender imbalance in other professions, including academia and economics. Over the last two weeks I’ve seen plenty of condemnations of discrimination, which is all to the good, but not enough consideration of the underlying incentive problems. So I’d like to make a radical suggestion for higher education, including at the elite levels: move away from the emphasis on tenure by elevating the pay […]

The world isn’t as flat as we thought: Mobility is key to closing economic divide

August 21, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Long-term trends will change the global economy, putting unique strains on both large cities and outlying areas. PwC has identified five megatrends actively shaping our world: rapid urbanization, technological breakthroughs, shifts in global economic power, demographic and social change, and climate change. These trends combine to create a geographic and economic divide—booming cities that produce up to 90 percent of US GDP growth but grapple with spiraling housing prices, strained infrastructure, and outlying areas at risk of stagnation and brain-drain.

Mobility—the ease with which people, goods, and ideas can move from one location to another—is a powerful lever that all […]

TRANSPORTATION AND LOGISTICS BRIEFING: GM explores on-demand rides and deliveries — Peloton’s plans to disrupt trucking — OTA updates coming to trucks

August 21, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

american usage of ride hailing apps 1

Welcome to Transportation & Logistics Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting transportation and delivery, produced by BI Intelligence.

Sign up and receive Transportation & Logistics Briefing free to your inbox.

Have feedback? We’d like to hear from you. Write me at: jcamhi@businessinsider.com . GM PLOTS ITS FUTURE IN ON-DEMAND RIDES AND DELIVERIES: GM’s Maven car-sharing unit is expanding tests and partnerships in delivery, leasing, and on-demand vehicles, indicating that the company could eventually take on Uber and Lyft in providing on-demand rides, Reuters reports […]