Poverty and Prosperity

//Poverty and Prosperity

Economic Inequality: What It Is and How It Impacts You

It's nearly impossible to read the news these days without running across mentions of economic inequality. In recent months, politicians have debated the merits of raising marginal tax rates on the wealthy, a move proponents say could reduce economic inequalities. Likewise, economic inequality takes center stage when columnists discuss the extreme riches of some of today's business

Study of low-income American women finds that small loans can help them a little

For a while, microfinance was the hottest trend in global development. The promise? That you could transform a poor person’s life with a very small loan that would let them start their own business — and then the lender gets their money back, which could then go on to transform someone else’s life. That early

2019-03-18T10:40:12-05:00Tags: |

Londa Schiebinger: Why does gender matter?

Conventional seat belts do not fit pregnant women properly and motor vehicle crashes are the leading cause of fetal death related to maternal trauma. Analyses of sex differences have led to the development of pregnant crash test dummies that enhance safety in automobile testing and design. In medicine, osteoporosis has been conceptualized primarily as a

2019-03-13T10:46:49-05:00Tags: |

Industrial projects help 210,000 shake off poverty in Tibet

A total of 210,000 people have been lifted out of poverty through industrial development projects in the past three years in southwest China's Tibet Autonomous Region. The regional poverty alleviation and development office said from 2016 to 2018 Tibet has poured nearly 29 billion yuan (US$4.3 billion) to develop 2,263 industrial projects, aiming to help

2019-03-12T11:38:12-05:00Tags: |

U.N. Rights Chief Warns Of Threats From Inequality

Income inequality and disparities in access to resources are factors that pose serious threats to human rights across the globe and have already sparked violent protests in some countries, a top United Nations official said Wednesday. Speaking in Geneva, U.N. High Commissioner for Human Rights Michelle Bachelet referred to recent protests in Sudan, Haiti and

2019-03-09T14:59:35-05:00Tags: |

7 surprising and outrageous stats about gender inequality

Around the world, the achievements of women are being celebrated on International Women’s Day, which began back in 1911. But the day also highlights the work that remains to be done in order to achieve gender parity. The theme for this year is #BalanceforBetter - encapsulating the idea that a gender-balanced world benefits everyone, economically

2019-03-09T15:06:06-05:00Tags: |

Democrats have united around a plan to dramatically cut child poverty

Sens. Michael Bennet (D-CO) and Sherrod Brown (D-OH) on Wednesday unveiled the latest version of their American Family Act — in my view, likely to be the single most important bill of the 116th Congress for the country’s poorest residents. The bill, whose House counterpart is sponsored by Reps. Rosa DeLauro (D-CT) and Suzan DelBene

We Know How to Cut Child Poverty in Half. Will We Do It?

In 2008, economist Harry Holzer estimated that child poverty was costing the United States more than $500 billion annually, because of increased health-care costs and criminal-justice expenditures, along with lost economic productivity when children in poverty reach adulthood. No one disputed the findings, but there was no groundswell of support for a legislative response, either. In

The New Monopoly

Market concentration, the economist’s term for how much an industry is dominated by one or a few firms, touches ever more aspects of American life. From the obvious (the Amazons and Walmarts of the retail economy) to the obscure (the beer industry, which may appear diverse, is dominated by two firms), market concentration has increased

2019-03-02T08:49:00-05:00Tags: |

Greater Inequality Will Make India More Vulnerable..

The 2018 Environmental Performance Indicators and the 2018 Global Climate Risk Index together make a distressing argument: that India’s ‘environmental performance’ is the third worst among 180 countries even as it is the 14th most vulnerable to the effects of climate change. Many of these effects have already assailed different parts of the country, including heavy rains,

2019-02-26T08:25:30-05:00Tags: |

Bill Gates champions African state investment push..

Billionaire philanthropist Bill Gates said Sunday that excellent basic health care that would prevent easily treatable but deadly conditions was achievable even in Africa’s poorest nations. “The good news about health is that by spending modest amounts on the prioritized areas, you can get phenomenal benefits,” he told AFP on the sidelines of the African

2019-02-26T08:19:56-05:00Tags: |

Rise in health spending pushing 100 million people to extreme poverty: WHO

The report "2018 Global Health Expenditure" revealed that in low and middle-income countries health spending is growing on average 6 per cent annually compared with 4 per cent in high-income countries. While governments provide an average of 51 per cent of a country's health spending, more than 35 per cent of health spending per country

2019-02-26T07:52:59-05:00Tags: |

Why are out-of-work men so unhappy in the US?

We are in an era of progress paradoxes. Unprecedented gains in technological innovation, poverty reduction, and life expectancy around the world coexist with persistent poverty traps in the poorest countries and increasing inequality and anomie in some of the wealthiest ones. In the U.S., one of the wealthiest countries, we see booming stock markets and

2019-02-25T07:39:06-05:00Tags: |

Why cities aren’t working for the working class

MIT economist David Autor made news in January, when he delivered the prestigious Richard T. Ely Lecture at the annual meeting of the American Economic Association and presented an attention-grabbing finding about the U.S. economy. Cities no longer provide an abundance of middle-skill jobs for workers without college degrees, he announced, based on his own

2019-02-25T02:43:32-05:00Tags: |

Children who eat lunch score 18% higher in reading tests

The powerful connection between nutrition and education has been revealed by new research from ESMT Berlin. Primary school children who attended a public free lunch program over an extended period were shown to have significantly better learning outcomes. According to the study, children with up to five years of midday meals had reading test scores

2019-02-22T07:28:03-05:00Tags: |

Women scarce in the one percent

A growing body of research documents the importance of studying households in the top one percent of U.S. income distribution because they control enormous resources. However, little is known about whose income—men’s or women’s—is primarily responsible for pushing households into the one percent and whether women have individual pathways to earning one percent status based

2019-02-22T07:15:11-05:00Tags: |

Income inequality is rising so fast our data can’t keep up

Wages at the top of the income distribution continue to rise much more rapidly than wages for everyone else, according to an analysis of the latest federal data by the Economic Policy Institute, a progressive think tank. But the data are just as notable for what they don’t say, according to the report by EPI economist Elise Gould.

Jeffrey Sachs: Ending child poverty is within reach

Children are not only our most precious possession but also our most fragile. This may not seem correct: we are reminded constantly of the indomitable human spirit, of children rising from great poverty and hardship to the greatest heights of success. Such examples warm our hearts and yet mislead our judgment. Countless children suffer lifetimes