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Alabama getting additional $33 million in BP oil spill settlement funds

November 20, 2017 ·  · Topic: BP Settlement  · Relevance: not sure


(WTVY) — Alabama is getting another $33 million related to the BP oil spill settlement.

The money will be used for land acquisition, habitat restoration and preservation of coastal resources.

Here are the new projects: •The U.S. Fish and Wildlife Service will acquire 251 acres to be included within the "Bon Secour National Wildlife Refuge." This is identified among the USFWS’s highest priorities in Alabama. It will cost $5.9 million.•$4.5 million will go to the Dauphin Island Bird Habitat Acquisition and Enhancement Program.•$1.4 million will be used for the Little Dauphin Island Restoration Assessment.•Nearly $7 million will be used for phase […]

Inequality Comes to Asia

November 20, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

Pink Diamond Auction

As income inequality becomes increasingly entrenched, it can undermine social cohesion and spur political instability. To avoid such an outcome, Asian countries need to change the rules of the game, providing opportunities for youth, regardless of their background, to ascend the income ladder.

SEOUL – From China to India, Asian countries’ rapid economic expansion has lifted hundreds of millions of people out of poverty in recent decades. Yet the income distribution has lately worsened, with inequality now potentially even more severe in Asia than in the developed economies of the West. From 1990 to 2012, the net Gini coefficient – […]

Inequality comes to Asia

November 20, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

/-/media/economia/images/article-images/asiaglobe630.ashx

Caption: Income distribution has lately worsened Yet the income distribution has lately worsened, with inequality now potentially even more severe in Asia than in the developed economies of the West.

From 1990 to 2012, the net Gini coefficient – a common measure of (post-tax and post-transfer) income inequality – increased dramatically in China, from 0.37 to 0.51 (zero signifies perfect equality and one represents perfect inequality). It rose in India as well, from 0.43 to 0.48. Even the four “Asian Tigers” – Hong Kong, Singapore, South Korea, and Taiwan – which had previously grown “with equity,” have lately faced rising […]

The secret to how Tesla gets its cars to look so good

November 19, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Tesla Model 3

The Tesla Model 3. Timothy Artman/Tesla Designer Franz von Holzhausen had an impressive resume before joining Tesla.

But the combination of his frustration with the traditional auto industry and Elon Musk’s distinctive ideas about how to solve problems has taken his work to a new level.

He’s followed an unlikely path to becoming the most influential car designer of his generation. Before Franz von Holzhausen signed on with what was then called Tesla Motors in 2010, he was on his way to being a member of the automotive design world’s elite.He had graduated from Art Center […]

Hilary Beckles | Imagining post-IMF Caribbean economy

November 19, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure


Professor Sir Hilary Beckles Circumstances are rapidly maturing that are demanding our conception of the need for both a new-style IMF and a 21st-century post-IMF Caribbean economy.

The elements of the regional dialogue are coming together. They might constitute at this time a blurred image of an alternative Caribbean economy, but they are calling attention to the growing regional interest in a serious focus upon economic sustainability and resilience, and nation building – phase two.

The growth in social and economic inequality across the region in recent decades under IMF tutelage has been identified as a major concern. The recent UNDP […]

‘New development design needed to create enough productive jobs’

November 19, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Former Prime Minister Manmohan Singh and Prof K V Thomas MP sharing a light moment during the inauguration of the national seminar at St Teresa’s College, Kochi, on Saturday | Albin Mathew KOCHI: The country needs a fresh design of development, which will create enough new productive jobs to absorb all the new entrants to the labour market, estimated at 10-12 million per annum, former Prime Minister Manmohan Singh has said.He was speaking on ‘Macroeconomic developments in India: Policy perspectives’, organised by the Department of Economics at St. Teresa’s College here on Saturday.
Singh also called for a fresh […]

Opinion: Thriving communities embrace economic mobility

November 18, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

The grim statistics tell the story. Economic mobility, the ability to move from a low income to a middle or higher income, is stagnant or falling in Atlanta and many American cities, according to the National Bureau of Economic Research’s 2015 Equality for Opportunity Project Study. The best predictor of whether a person will be poor, middle class or wealthy is whether that person’s parents were poor, middle class or wealthy.

In Atlanta, according to the NBER, a person who grows up in a family whose income is below the poverty line has less than a five percent chance of […]

Achieving Skill Mobility in the ASEAN Economic Community: Challenges, Opportunities, and Policy Implications

November 18, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


Despite clear aspirations by the Association of Southeast Asian Nations (ASEAN) to create an effective framework to facilitate movements among skilled professionals within the ASEAN Economic Community (AEC) by December 2015, progress on the ground has been slow and uneven.

The challenge ASEAN Member States face is threefold. First, the complexity of the qualifications recognition process essentially discourages professionals who move within the region from having their professional and academic credentials assessed and recognized. Second, professionals face restricted access to the ASEAN labor market due to national-level barriers such as constitutional provisions reserving particular occupations for nationals, and complex and […]