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What you need to know on Wall Street today

April 24, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours.

The first round of the French election is over, and investors can start moving on .

With 97% of the results reported, centrist Emmanuel Macron was ahead with 23.9% of the vote, followed by Marine Le Pen, the far-right candidate, with 21.4%. Macron is clearly investors’ favorite, given the reaction in global markets after the election. Here’s what you need to know:President Donald Trump has a huge week ahead of him, and how it plays out will have a huge impact on the market […]

BP settlement money belongs to the people

April 24, 2017 ·  · Topic: BP Settlement  · Relevance: bad


Hide caption Politicians are bumbling toward the loss of $300 million in BP settlement money. Cagle Cartoon Our area is on the cusp of possible greatness, we believe, with multiple unique opportunities that simply need to be bound together with the kind of financial super glue represented by the $300 million of your money the state is holding hostage at this writing.

Our area is on the cusp of possible greatness, we believe, with multiple unique opportunities that simply need to be bound together with the kind of financial super glue represented by the $300 million of your money the […]

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

April 24, 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 […]

Economic growth And Inequality Essay Sample

April 24, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Economic growth And Inequality

Economic growth can be defined as the increase in the value of aggregate resources in the country. Aggregate measures like Gross Domestic Product (GDP) or Gross National Product (GNP) are mostly used to measure it. Increasing economic growth means increasing the resources, this can be through conquests, increasing the value of already existing resources, trade or innovation. Increasing the value of human capital is vital in economic growth as it is provides skill development.

Different nations have inequalities in wealth due to natural endowment whereby some countries have certain resources that others do not. For instance, oil-producing countries have that […]

Fecteau: The Stupidity of Trumped-up Tax Cuts

April 24, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Donald Trump President Donald Trump is set to introduce a massive tax cut soon that will disproportionately favor the affluent – as he hints. That’s right; at a time when income inequality is equivalent to that of the Great Depression, and income mobility is stagnant; the Trump administration will shower the already well-off with even more cash. The “massive” tax cut Trump is proposing will not do anything for our economy, and only further concentrate wealth into the hands of the exceedingly wealthy.

Trump’s tax-cut plan is nothing new. Trump is championing a debunked theory embraced by President Ronald Reagan […]

If you have ever felt a class apart, this column is for the likes of you

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


I recently saw the film Precious , a depressing tale of an obese black teenager who is pregnant with a second child by her own father while living in poverty with her violent mother. A Hugh Grant vehicle it ain’t.

What affected me most was not the film’s ferocity and sexual abuse, but the mother’s constant haranguing, telling the eponymous Precious she would never succeed in anything beyond claiming welfare. She did not just chip away at her self-esteem, she bulldozed it to dust. The mother spits bile at her daughter, accusing her of trying to rise above her by […]

Why It’s So Hard to Get Ahead in the South

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


Homeless residents of Charlotte, North Carolina, wait in line for food. CHARLOTTE—Shamelle Jackson moved here from Philadelphia, hoping to find work opportunities and better schools for her four children, who range in age from two to 14. Instead, she found a city with expensive housing, few good jobs, and schools that can vary dramatically in quality. “I’ve never struggled as hard as I do here in Charlotte,” Jackson, 34, told me.

Jackson isn’t alone. Data suggests that Charlotte is a dead-end for people trying to escape poverty. That’s especially startling because the city is a leader in economic development in […]

Commentary: Inequality looms beneath the shiny facade of Southeast Asia’s growth

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


(Source: www.channelnewsasia.com )

Income inequality in Southeast Asia remain stubbornly high, despite strong regional growth but addressing this issue and its causes, especially the rural-urban divide, can create a more sustainable development pathway for ASEAN countries.

Singapore is the 20th century’s most remarkable economic development story, and regional peers are hungry for equally transformational growth. So it comes as no surprise that Southeast Asia has produced remarkable growth in recent years. ASEAN’s GDP doubled between 2001 and 2013, outpacing the United States, EU, and all Asian countries besides China.Projected 4.8 per cent growth for 2017 is indicative of continued optimism. ASEAN’s […]

TAF Foundation – Eliminating Exploitation and Creating Upward Socio-Economic Mobility

April 23, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

TAFF

Most of the industries in Pakistan pay the least attention to the most important resource at hand, its human resource. The situation is even more dire in industries which either operate informally or their recognition is lesser known to all its stakeholders. The domestic help industry in Pakistan is one of these less fortunate industries.

Domestic labor currently constitutes the largest sub-sector of the informal economy with little or no legal reforms to formalize the industry at a provincial or federal level. Since there are no defined legal parameters for this service, it remains largely undetected and undocumented. Recent reports […]

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

April 23, 2017 ·  · Topic: BP Settlement  · Relevance: not sure

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 each one and amplify and sequence a specific barcoding gene. That gene is then […]