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We should be talking about poverty and social mobility, not inequality

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

The New Zealand Institute of Economic Research (NZIER) has today released a new Insight titled "Peak Inequality – New Zealand’s False Truth". The Insight is based on new data and shows that despite popular opinion, income inequality in New Zealand hasn’t changed in the past 20 years, and it’s been at the current level before.

Derek Gill, a Principal Economist from NZIER, said "The data tells us that our current level of income inequality is actually the same as it was in the 1930s and 1940s. A real concern is poverty and how this leads to reduced social mobility. Social […]

Impact IPO in London, affordable housing for teachers, U.S. economic mobility, root causes and global goals

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


Photo credit: Oliver Cole Greetings, ImpactAlpha readers!

#Featured: ImpactAlpha Original

Readying an impact IPO on the London Stock Exchange . The prospectus for one of the world’s first publicly listed impact investment companies has a long list of risk factors that would be daunting — if they weren’t much like the risk factors for all other initial public offerings. The Impact Investment Trust, which will be listed on the London Stock Exchange in the next couple of weeks, will be one of the few emerging-market impact investment opportunities available to individual small investors. It is seeking to […]

California governor calls for new online college

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


California Community Colleges Chancellor Eloy Ortiz Oakley. (Photo: CCC) California Gov. Jerry Brown has asked the California community college system to “take whatever steps are necessary” to establish a new, online-only community college.

Brown directed California Community Colleges (CCC) Chancellor Eloy Ortiz Oakley in a recent memo to “create a plan to design and deploy a fully online college” and submit it to the governor’s office by November.

Noting that the system has significantly expanded the number of online courses, Brown said, “I believe it is time now for our community colleges to increase even further the availability of online courses […]

The Anti-Uber

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


A family walking past a bakery in Huron, Calif. HURON, CALIF. — Carmen Lopez, a retired farmworker, keeps a Bible on the back seat of her silver 2003 Honda and crochet hooks and a Spanish-language potboiler in her purse. In her line of work, she waits a lot.

In this isolated agricultural community of 7,000 in the Central Valley, one of the state’s poorest cities and a place where nearly a quarter of households don’t have cars, Mrs. Lopez works as a “raitera” — driving people to the doctor’s office, the courthouse and other places found only in Fresno, 52 […]

Nissan reveals plans to launch a driverless ride-hailing service to rival Uber and Lyft

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

FILE PHOTO: Ogi Redzic, Senior Vice President of Connected Vehicles and Mobility Services for Renault-Nissan Alliance, has a conversation with a Nissan IDS prototype vehicle in the background during a Nissan keynote address at the 2017 CES in Las Vegas, Nevada January 5, 2017. REUTERS/Steve Marcus/File Photo

Ogi Redzic, Senior Vice President of Connected Vehicles and Mobility Services for Renault-Nissan Alliance, has a conversation with a Nissan IDS prototype vehicle in the background during a Nissan keynote address at the 2017 CES in Las Vegas. Thomson Reuters

TOKYO (Reuters) – Nissan Motor on Thursday said it plans to launch driverless ride-hailing and ride-sharing services in coming years, as the automaker looks beyond making and selling cars to survive an industry being quickly transformed by new services.

Automakers are leveraging expertise in automated driving functions for mass-market cars to develop mobility services, as they compete with tech firms […]

Op-Ed: Tackling inequality in the information age

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


Income inequality. Picture: Wikimedia Commons The issue of extreme income inequality in South Africa remains unresolved. Persistent high rates of income inequality impact negatively on political inclusion, social cohesion, and crime. Using the US CIA’s most recent GINI index estimates of income inequality, South Africa is ranked second worst behind Lesotho. Countries with a GINI index closer to zero, like Sweden (0.25) and Germany (0.27), have a more equal distribution of family income than countries like South Africa (0.63) and Haiti (0.61). The GINI index paints only a partial picture because a low score does not always indicate a […]

NBA MOCK DRAFT: Here’s what the experts are predicting for all 30 first-round picks

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

lonzo ball

John Locher/AP The NBA Draft had the rarest of shake-ups over the weekend: a trade for the No. 1 pick.

The Philadelphia 76ers gave the No. 3 pick and a future first-round pick to the Boston Celtics to jump up to No. 1.

In doing so, the 76ers signaled a potential end of "The Process" by going after consensus top prospect Markelle Fultz while the Celtics seem to continue to bide their time until they make a big move.While the very top of the draft seems set, the remaining picks appear to be up in the air. To get a better […]

How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible Ways To Change The Tide

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

image

View Glossary Terms Economic Research:

The topic of income inequality and its effects has been the subject of countless analysis stretching back generations and crossing geopolitical boundaries. Despite the tendency to speak about this issue in moral terms, the central questions are economic ones: Would the U.S. economy be better off with a narrower income gap? And, if an unequal distribution of income hinders growth, which solutions could do more harm than good, and which could make the economic pie bigger for all?

Given the decades–indeed, centuries–of debate on this subject, it comes as no surprise that the answers are […]

Identifying Opportunities to Advance Economic Mobility in US Cities

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


Today, Mastercard and the Mastercard Center for Inclusive Growth announced the findings of a multi-city inclusive growth initiative and three new grants supporting research and programs to help ensure more Americans can benefit from a growing economy. The report highlights key insights from our visits to seven US cities – Atlanta, Chicago, New York, Oakland, Columbus, St. Louis and Washington, DC – and discussions with public and private sector leaders from more than 100 organizations. Below you will find the executive summary, video and links to the full report and press release.

Executive Summary

Economic opportunity and work […]

Network for Southern Economic Mobility

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

Overview:

The South boasts centers of fast growth, technological innovation, and educational excellence. However, set against this economic vitality are the nation’s lowest mobility and highest poverty rates. By one calculation, more than 50 percent of Americans living in high poverty neighborhoods live in the South. The picture for Southern youth and young adults is especially stark: it is harder in the South than anywhere else in the U.S. for young people in the poorest households to move up the economic ladder as adults. For too many, high poverty schools and low postsecondary attainment, tenuous links with the labor market, […]