7 myths about immigration and open US borders, debunked. Overlooked No More: Brad Lomax, a Bridge Between Civil Rights Movements. Trump’s 'blue-collar boom' is a myth. If you’re beating inflation by 1%, is that a “boom”?
President Trump thinks so. In a speech at the annual gathering of the ultra-rich in Davos, Switzerland on Jan. 21, Trump declared that his presidency has generated a “blue-collar boom” and a “roaring geyser of opportunity.” Would You Rather Be Born Smart or Rich? I know, I know, you'd rather be born smart and rich (and charming, and with a lustrous head of hair, and a voice like Michael Bolton's).
But if you had to choose? (2) What the 1% Don't Want You to Know. (2) Wealth Inequality in America. Here's where the millennial millionaires live around the US. There are approximately 618,000 “millennial millionaires” — those with a net worth of over $1 million — in the United States, according to a 2019 report from Coldwell Banker Global Luxury and WealthEngine, which defines millennials as those born between 1982 and 1996, or ages 23 to 37 in 2019.
The population of wealthy young people is growing, the report finds. This Brilliant Comic Strip On Rich Vs Poor Upbringing Will Humble You. Do High Percentages of Refugees Receive Food Stamps, 'Medicard,' and Cash Welfare? - Truth or Fiction? A Mar-a-Lago Weekend and an Act of God: Trump’s History With Deutsche Bank. Freedom River. With Estate Tax on Nation's Richest, Bernie Sanders' "For the 99.8% Act" Applauded for Targeting "Tyranny of Plutocracy" Older Workers See Lower Response Rates From Recruiters. Getty Images Boomer applicants receive a lower rate of response from employers than millennials.
If you feel like submitting your résumé for a job is the equivalent of sending it into a black hole, the problem might be with how old your résumé makes you look. And if you’re a woman, the problem is even worse, according to research published this week by the Federal Reserve Bank of San Francisco. To test for age discrimination in the job application process, researchers created fake résumés for people in different age groups. The Future of Work: How automation will reinvent the meaning of work.
Medicaid work requirements: Where do they stand after the blue wave? The 2018 midterm elections have dealt a significant setback to President Trump’s agenda in the legislative arena.
However, there are still many ways for the Trump administration to keep swinging away at the Affordable Care Act. One particularly effective unilateral instrument is the regulatory process – that is, the implementation of statutory law by executive agencies. This may prove particularly consequential for Medicaid, the health coverage program for those with low incomes or disabilities. One particular area of attention for scholars like me is so-called community engagement or work requirements for Medicaid beneficiaries. These mandates generally require beneficiaries to conduct work-related activities or lose coverage.
My Hometown Live 2013. Did Scott Walker and Donald Trump Deal Away the Wisconsin Governor’s Race to Foxconn? In September of 2017, Governor Scott Walker, Republican of Wisconsin, signed a contract that would make his state the home of the first U.S. factory of Foxconn, the world’s largest contract electronics manufacturer.
The company, which is based in Taiwan and makes products for Apple, Sony, Microsoft, and Nintendo, among others, would build a 21.5-million-square-foot manufacturing campus, invest up to ten billion dollars in Wisconsin, and hire as many as thirteen thousand workers at an average wage of fifty-four thousand dollars a year. 'It's not fair, not right': how America treats its black farmers. On the summer day in 2014 that June Provost found three stray cats dead and lined up side by side in his tractor, the forecast had called for rain.
Requiem for the American Dream. Driven by Trump Policy Changes, Fracking Booms on Public Lands. To proponents, the Trump administration is putting government-owned land to good use, with big returns for taxpayers. Nationally, oil production on federal lands is rising at an extraordinary pace, jumping 25 percent in the first seven months of this year compared with 2016, the last year of the Obama administration.
That boom has driven up government revenue from lease sales and royalties collected from oil and gas production on federal lands, which is shared with the states. Wyoming received $669 million from federal oil, gas and coal sales last year, money it uses to help pay for its schools, roads and other needs. Poverty in the UK: If you’re poor, you should work harder. “This is what it feels like to be young now.
Not only are we screwed, but we have to listen to lectures about our laziness... " Today, a polemical rant. We’ve wanted to get this off our moronic chests for some time now as a cathartic exercise. Why? Well, have you heard of England? Sure enough, we don’t normally get political on this blog. Oil giant Koch Industries try to stop the attempt to expand the electric vehicle federal tax credit - Electrek. With a new Republican-backed effort to expand the electric vehicle federal tax credit, the Koch brothers are urging senators to vote against it – putting their political donation dollars at work.
The situation around the federal tax credit for EVs is weirder than ever right now. As Tesla hit the threshold to initiate the phase-out, there are two different legislative efforts to change it. Earlier this month, a Republican senator introduced a new bill to end the $7,500 federal tax credit for electric cars and tax them even more instead. But a few days later, another Republican senator proposed a new bill to remove the federal tax credit cap for EVs and expand it to 2022. Privatisation Harms Poor and Needy, Says UN Poverty Expert. Widespread privatisation of public goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty, according to a hard-hitting new report. The report was transmitted to the UN General Assembly on 19 October. Philip Alston, the UN Special Rapporteur on extreme poverty and human rights, criticised the extent to which the World Bank, the International Monetary Fund, and even the UN itself have aggressively promoted widespread privatisation of basic services, without regard to the human rights implications or the consequences for the poor.
He also criticised human rights groups for not responding strongly enough to the resulting challenges. 4 Ways Fred Trump Made Donald Trump and His Siblings Rich. In Donald J.
Trump’s version of how he got rich, he was the master dealmaker who parlayed an initial $1 million loan from his father into a $10 billion empire. It was his guts and gumption that overcame setbacks, and his father, Fred C. Trump, was simply a cheerleader. But an investigation by The New York Times shows that by age 3, Donald Trump was earning $200,000 a year in today’s dollars from his father’s empire. A wild baby trust fund plan would give US kids up to $60,000 at birth.
Education is often considered the great equalizer, the tonic that will erase all injustice and inequality. As Nelson Mandela once said, "Education is the most powerful weapon which you can use to change the world. " But an economist is calling for a fact-check on the old advice to stay in school and study hard. Darrick Hamilton, a professor of economics and urban policy at The New School, believes that a good education won't get you very far without some cold hard cash to go along with it.
"Wealth is the paramount indicator of economic security and well-being," Hamilton told a crowd at the TED Conferences headquarters in New York last week, as world leaders were gathering nearby for the United Nations General Assembly. As a black nurse, I see the crushing racial inequality across the NHS. This has to stop. Some years ago a fellow black nurse said to me that I had been described by a nursing leader as “the only acceptable black nurse”. I’d like to say we’ve come a long way since then, but the enormous ethnic pay gap in the NHS shows there’s a long road yet to travel.
As revealed last week, black doctors and nurses are on average paid thousands of pounds less than their white colleagues. With Nation Transfixed By Kavanaugh Monstrosity, House GOP Votes to Give Rich Another $3 Trillion in Tax Cuts. Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not. Extreme Inequality Creates Global Disorder. The principal driver of global inequality—both within and between countries—is the global financial regime. Latin America is the world's most unequal region. Here's how to fix it.
This article was originally published ahead of January's World Economic Forum Annual Meeting in Davos. Global leaders will meet at the Annual Meeting in Davos this week to discuss how to improve the state of the world and address its most pressing challenges. The Myth of the 99% and the New American Class Divide - The Atlantic. Is the minimum wage worth less now than 50 years ago? Sen. Tina Smith, D-Minn., took to Twitter recently to tout her support for a $15 minimum wage. Theconversation.
More gig workers in California are likely to soon qualify as employees. Monday’s decision by the California Supreme Court could throw a wrench in the plans of companies that rely on gig workers for low-cost employment. Dollar Street. Genes and environment in learning click 2x. More than 40 years ago, psychologist Sandra Scarr put forth a provocative idea: that genetic influence on children’s cognitive abilities is linked to their family’s income. The wealthier the family, the more influence genes have on brain development, the thinking went. Report Updates Landmark 1968 Racism Study, Finds More Poverty And Segregation. Former Democratic Sen. Introducing the Great Divergence. In 1915, a statistician at the University of Wisconsin named Willford I. King published The Wealth and Income of the People of the United States, the most comprehensive study of its kind to date. The United States was displacing Great Britain as the world's wealthiest nation, but detailed information about its economy was not yet readily available; the federal government wouldn't start collecting such data in any systematic way until the 1930s.
Trump and DeVos call for massive cuts to college student aid programs. World's richest 1% grabbed 82% of all wealth created in 2017, Oxfam study finds - Jan. 21, 2018. That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth. Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work. "The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International. Who’s Able-Bodied Anyway? Does America have a caste system? Under Trump Appointee Mulvaney, CFPB Seen Helping Payday Lenders. President’s Decision on Solar Tariffs is a Loss for America. Philomena Cunk and Barry Shitpeas on immigrants. If the poor must work to earn every dollar, shouldn’t the rich?
Massive new data set suggests economic inequality is about to get even worse. The 100-year capitalist experiment that keeps Appalachia poor, sick, and stuck on coal.