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BP Owes the Government $20.8 Billion in Settlement for Its 2010 Oil Spill

December 12, 2017 ·  · Topic: BP Settlement  · Relevance: not sure

Oil Spill/Wiki Commons It’s hard to believe that BP’s massive oil spill mistake happened six years ago, in 2010.

Today, the company is still feeling the ramifications of the Gulf oil disaster, and it is still paying for it with a federal judge officially approving a final settlement of $20.8 billion BP will pay to the US government.

First reached in October, US Attorney General Loretta Lynch initially deemed the settlement, which encompasses civil claims against the company set forth by the Department of Justice and five Gulf states, “the largest with a single entity in American history.”Eleven people died as […]

Is inequality harming the environment?

December 12, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Tackling economic inequality cannot come above tackling environmental damage. The most vulnerable in society suffer most from the effects of environmental damage. In addition, economic inequality exacerbates environmental damage. The two issues are intrinsically linked and in order to tackle them, we need to address them together.

Greater inequality in a country, as defined through people’s relative distribution of income, pay and wealth, leads to poorer outcomes for health, happiness and education for almost everyone in that society. Those who suffer most from these effects of inequality in the UK are also disproportionately affected by the cost of environmental damage. […]

A slam dunk for opportunity: Boosting CUNY should be a no-brainer for Mayor de Blasio and the City Council

December 12, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

A school that rules (City College)

A school that rules (City College) As we prepare to swear in the 2018 class of city elected leaders, every one of the officials who takes the oath on Jan. 1 should start a countdown clock to the end of his or her term — and think carefully about what big, meaningful goals they can actually accomplish in four years.

In politics and government, as on Wall Street — and in life generally — it’s important to recognize a big, bold idea when it comes along, and seize the opportunity before it slips away.

Anybody with the luck, foresight and/or discipline […]

With Carson Wentz’s injury, there’s a growing buzz that Colin Kaepernick might be a good fit to help the Eagles’ playoff push

December 11, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Colin Kaepernick

Sean M. Haffey/Getty Images The Philadelphia Eagles lost Carson Wentz to a season-ending knee injury and could be in need of quarterback depth.

As has happened with numerous teams with quarterback injuries this year, many fans were quick to speculate that Colin Kaepernick might be a suitable candidate to join the Birds before their playoff push.

While Kap’s return to the league is unlikely, he’s a unique fit for the Eagles needs in that he is a mobile quarterback that has experience in big games. After Carson Wentz’s season officially ended due to a torn ACL […]

Ford has shed some light on its self-driving car strategy

December 11, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

Self Driving Car

BII See Also

The top 5 disruptive trends in self-driving cars, delivery, transportation, and logistics

THE FULLY AUTONOMOUS CAR UPDATE: How self-driving cars are poised to move into the mainstream and upend the automotive industry THE DRONE DELIVERY REPORT: Opportunities and challenges in automating logistics with drones This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers. To learn more and subscribe, please click here . US auto giant Ford offered new details on its self-driving car project in a blog post on Medium by president of global markets Jim Farley.He revealed that the […]

Puerto Rico’s Nonprofit Sector at a Crossroads

December 11, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

South Carolina Army National Guard Responds to Hurricane Maria in Puerto Rico October 2017 Since Hurricane Maria, NPQ has been covering the crisis in Puerto Rico. We saw a situation that we felt needed to be highlighted, full of warnings, learnings, and opportunities. As the island faces a near-total collapse of infrastructure—economic, political, communications, energy, transportation, education, health, arts and culture—nonprofits there are faced with the perfect crisis opportunity. Many nonprofits in Puerto Rico and the US have jumped into the federal political vacuum to answer the call for help. But what does this moment make possible for Puerto […]

Effects of inequality

December 11, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

These efforts have failed. Moss discusses the importance of studying how income inequality affects individual behavior in this story, which first appeared on the HBS Working 18 Aug 2014 The talk about inequality has turned from ethical issues (should the rich be so rich) to economic impacts, such as whether inequality means economic stagnation. For example, children of poor families do not perform as well at school as those of affluent families. Therefore, when reporting inequality, what is of most importance is the scale of inequality 1 Jun 2015 Causes and Consequences of Income Inequality: A Global Perspective. Some […]

Seven years later: BP oil spill settlement funding new way to manage fish populations

December 10, 2017 ·  · Topic: BP Settlement  · Relevance: not sure


Credit: University of South Florida photographer Ryan Noone ST. PETERSBURG, FL (April 19, 2017)- More than 30,000 fish species exist. But it’s always been a guessing game on where they originate. A new technique developed by researchers at the University of South Florida College of Marine Science is paving the way in discovering where a wide-range of species spawn. It’s a difficult task as 95% of fish in the world release their eggs into the water and drift away.

Marine biologists are gathering samples of hundreds of free-floating fish eggs in the Gulf of Mexico. They then extract DNA from […]

Geographic Mobility and Redistribution

December 9, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

A Macro-Economic Analysis

Daniele Coen-Pirani∗

Preliminary and incomplete. Comments welcome. Please do not cite.AbstractI study the effect of progressive taxation on human capital investment and welfarein a new dynamic Roy model of migration. The model features an arbitrary numberof labor markets and finitely-lived agents, yet it is analytically tractable. The model’skey parameters are estimated using panel data on migration and wage growth fromthe PSID. The quantitative model is used to perform counterfactual analysis. A moreprogressive tax-transfer scheme is shown to reduce migration rates. This distortionto human capital investment induces the welfare-maximizing social planner to select aless progressive tax system than under […]

College completion: an inequality crisis

December 9, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

We need more community college graduates

We need more community college graduates In his first term, Mayor de Blasio took important steps to reduce inequality with bold policies such as universal pre-K and computer science for all. But if the mayor is serious about making headway on his signature issue, his administration should now turn its attention to another important educational reform: boosting the rate at which New Yorkers earn a college credential.

While a college credential has become the single most important ticket to the middle class, far too few New Yorkers have one. This includes thousands of young people who enroll in the city’s […]