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Michael Jordan donating $7M to build Charlotte clinics | Charlotte Observer

October 12, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Hornets owner Michael Jordan is donating $7 million to launch two medical clinics in troubled Charlotte communities, in one of the largest gifts ever from the basketball legend with deep ties to North Carolina.

Novant Health is expected on Monday to announce Jordan’s personal gift, which will fund Novant Health Michael Jordan Family Clinics to be built in north and northwest Charlotte. One will be at 3149 and 3153 Freedom Drive; the other will be in the Brightwalk development on Statesville Avenue.

Officials said the clinics will target a crescent-shaped region, hugging roughly an area north of uptown’s skyscrapers, home to […]

Economic Mobility

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


Marty believes income and wealth inequality are the biggest economic challenges facing our nation. They reflect decades of unjust systems which create unequal opportunities. What’s more, they have negative impacts on our collective economic health and future. To create a more fair economy, Marty is using all the tools at a mayor’s disposal–from education , to job training , from affordable housing to equitable planning — and inventing some new ones as well.

Marty believes a mayor’s greatest ability to reduce inequality is by fostering economic mobility : providing tools and tearing down barriers so that everyone has a chance […]

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

October 11, 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 […]

IMF highlights need to combat inequality

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

Japan Tokio Fußgänger Symbolbild Hektik (Getty Images/AFP/Y. Tsuno)

The latest International Monetary Fund’s Fiscal Monitor report has focused on inequality and ways of reducing both its causes and effects. Among several fascinating ideas it discusses, universal basic income stands out. Japan Tokio Fußgänger Symbolbild Hektik (Getty Images/AFP/Y. Tsuno) Although increased global integration and technological progress have generated economic growth and falling global inequality and poverty, rising inequality in advanced economies , in conjunction with job insecurity and stagnating real incomes for a segment of the population, have led to growing public backlash against globalization — that is the verdict of the IMF in its latest Fiscal Monitor […]

Research Conference on Globalization: Managing Director’s Opening Remarks

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

Honored Guests, Ladies and Gentlemen—It is a pleasure for me to welcome you to our conference on the benefits and challenges of globalization.

I would like to thank you, Maury, and your team in the Research Department for bringing together some of the world’s leading thinkers—on a topic that lies at the heart of the IMF’s mandate.

This conference is well-timed. The global financial crisis left many countries with lower growth and higher inequality—increasing doubts about the benefits of globalization, especially in advanced economies.How can governments respond to this changing landscape? The good news is that the global recovery is now […]

Why Dallas Should Hope It Doesn’t Land Amazon’s HQ2

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


In about a week, metro areas from around the country will hand their relocation proposals over to Amazon to see if they will end up the lucky courtiers for the massive technology company’s second headquarters. There’s been a lot written about the deal, a handful of mock headquarters location in Dallas drawn up, and some understandable excitement about what an Amazon HQ in Dallas could mean to this city’s economy, the growth of its tech sector, the future of the urban core, and the city’s overall brand.

But what if not winning the Amazon bid could play out better for […]