tag:blogger.com,1999:blog-9388134322450771032024-03-05T01:37:35.261-08:00Black Business and Economic NewsA weekly list of the top Black business, finance and economics stories and links. The site include the most important news stories, found research, important web sites and links. Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.comBlogger334125tag:blogger.com,1999:blog-938813432245077103.post-58842920216735857372014-04-20T15:00:00.000-07:002014-04-20T15:00:15.415-07:00The Atlantic Magazine: "Squeezed Dry: Why Americans work so hard but feel so poor"<span class="">Derek Thompson writes in the Atlantic Magazine on-line about labor productivity in a story titled </span><a href="http://www.theatlantic.com/business/archive/2011/07/squeezed-dry-why-americans-work-so-hard-but-feel-so-poor/241252/"><span class=""> "Squeezed Dry: Why Americans work so hard but feel so poor"</span></a><span class="">. </span><br />
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<span class="">Labo</span><span class="goog-text-highlight">r productivity in the United States has greatly increased yet for the average american only the price of consumer goods has dropped. And all of the productivity increases has gone to corporate profits. Also productivity has not increased in key sectors: </span>government, education, housing and healthcare that directly affect middle class prosperity: .Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com2tag:blogger.com,1999:blog-938813432245077103.post-43944391254342412822014-04-13T19:00:00.001-07:002014-04-13T19:00:13.440-07:00Chicago Sun-Times: Common, Rhymefest, and Urban League plan to create summer jobs<br />
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From the <a href="http://www.suntimes.com/news/metro/26743125-418/common-rhymefest-team-with-urban-league-to-create-jobs-for-youths.html">Chicago Sun-Times here is a story</a> about two rappers and the Urban League trying to create jobs.<br />
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I am happy for the program but it is a sad day when our jobs program comes from rappers.Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-56516627628078645092014-03-17T18:59:00.000-07:002014-03-17T18:59:01.793-07:00Washington Post's Wonkblog: Minorities missing out on housing recovery<br />
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The Washington Post has a story about new mortgages returning to their historical pattern of discrimination.<br />
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<a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2014/03/17/the-housing-recovery-is-leaving-minorities-behind/">Housing recovery is leaving minorities behind.</a>Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-83645041600013237922014-03-17T18:51:00.000-07:002014-03-17T18:51:42.817-07:00Bloomberg: Corporate profits held outside US rises to $206 Billion<br />
US Corporations are avoiding US taxes by keeping $206 billion dollars in profits overseas.<br />
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<a href="http://www.bloomberg.com/news/2014-03-12/cash-abroad-rises-206-billion-as-apple-to-ibm-avoid-tax.html">Bloomberg has the story here.</a><br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-60077962129889895582014-02-25T04:37:00.002-08:002014-02-25T04:37:26.809-08:00NY Daily News: Australian Billionaire Heiress: We should all work for $2 dollars a day<br />
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From the <a href="http://www.nydailynews.com/news/world/billionaire-gina-rinehart-sparks-controversy-2-a-day-pay-remark-article-1.1152735">NY daily news</a>.<br />
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I actual find the remarks less out of touch than they seem. She is just telling it like it is from her position.<br />
<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-45466191177894598802014-02-25T04:34:00.001-08:002014-02-25T04:34:05.976-08:00WBUR -- On Point with Tom Ashbrook: Future with less work ?<div style="color: #222222; font-family: arial; font-size: small;">
Facebook just bought WhatsApp, an instant messenger application, for $19 billion. The company has only 55 employees. If the trend continues, there will be an extreme shortage of jobs in the future.</div>
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The panels in this show acknowledge that automation is destroying jobs faster than ever. They see the labor market will correcting itself, but that leads to a small number of high wage earners and a large number of low wage earners.</div>
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The panelist propose giving people security by de-linking work and survival though a basic subsidy to paid by the government and funded by taxes. Alternatively they government can subsidize private and public job creation. </div>
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They also want to encourage small scale entrepreneurs.</div>
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Finally, a caller at the end notes we may need to have less children.</div>
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Any way it's a great program on the future of the labor market.</div>
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<a href="http://onpoint.wbur.org/2014/02/24/whatsapp-labor-unemployment-inequality-facebook" style="color: #1155cc;">http://onpoint.wbur.org/2014/02/24/whatsapp-labor-unemployment-inequality-facebook</a></div>
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There are also great references.</div>
Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-4214311927130372982014-02-08T09:06:00.002-08:002014-02-08T09:22:53.525-08:00John W. Thompson Appointed Chairman of Microsoft's Board of DirectorsJohn W. Thompson Appointed Chairman of Microsoft's Board of Directors succeeding Bill Gales<br />
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John Thompson, 64 and CEO of <a href="http://www.virtualinstruments.com/">Virtual Instruments</a>, was a named chairman of the board of directors of Microsoft. <a href="http://www.microsoft.com/en-us/news/press/2012/feb12/02-20bodpr.aspx">(press release)</a>. Thompson replaces Bill Gates as chairman of Microsoft and becomes the leading African American in US high tech. The board or directors of Microsoft is ultimate responsibility for the performance of the company. The board approves all upper level management decision such as the strategic direction, key management personnel, and investments. The board also recommend selecting Satya Nadella as CEO of Microsoft. <a href="http://www.microsoft.com/en-us/news/press/2014/feb14/02-04newspr.aspx">(press release)</a>. The board also approved the $7.2 billion dollar acquisition of Nokia's handset business. <a href="http://www.microsoft.com/en-us/news/press/2013/sep13/09-02announcementpr.aspx">(press release)</a>.</div>
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Thompson is the only black person to head a large silicon valley tech company. He led Symantec Corporation from 1999 to 2009. Prior to that he spent 24 years at IBM primarily in sales. One point he was head of sales and service for IBM Americas<br />
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He earned an undergraduate degree from Florida A&M University (business). He earned a MS degree from MIT as part of the Sloan Fellows program (basically advanced business studies). The Sloan Fellows program is a one-year degree for experienced "fast track" leaders usually paid for by their employers. The Sloan Fellows tuition is currently listed at $126,500 for one year. <a href="http://web.mit.edu/registrar/reg/costs/graduate/sloan.html">(MIT Sloan Price List)</a><br />
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Thompson actively backed Barack Obama for President. He also owns a stake in the Golden State Warriors.<br />
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<a href="http://www.virtualinstruments.com/">Virtual Instruments</a>, makes enterprise wide storage, server, network and cloud performance monitoring products. VI is private, so it is difficult to determine revenues or profits, but based on job openings they are expanding rapidly. The company is planning an IPO in 2014. Determining click-to-app performance bottlenecks is a key challenge in enterprise computing.<br />
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Forbes reported MR. Thompson earned<a href="http://www.forbes.com/lists/2006/12/PMRA.html"> $72 million(Forbes website 2006)</a> in 2006 and $9 million in 2009 <a href="http://www.forbes.com/profile/john-thompson-5/">(Forbes 2012 Profile)</a>.<br />
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Here is Mr. Thompson speaking in a Microsoft Press release on YouTube about the selection of Satya Nadella as CEO of Microsoft. <a href="https://www.youtube.com/watch?v=o3K5lloQTT8">Video is here.</a><br />
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<a href="http://www.mercurynews.com/business/ci_25063431/valley-exec-john-thompson-tapped-microsoft-chairman">The San Jose Mercury News</a> covers the story.<br />
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<a href="http://www.bloomberg.com/news/2014-02-04/thompson-replacing-gates-as-microsoft-chairman-in-revamp.html">Bloomberg</a> also reported the story.<br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-16072278977930993692014-01-11T07:28:00.004-08:002014-01-12T14:22:46.345-08:00Washington Post and Guardian: Britain's Confederation of British Industry says share the wealth<br />
The Washington Post has a story on John Cridland, director general of Britain's biggest business lobbying group: The Confederation of British Industry, where he states that businesses should pass on more of their prosperity to their employees.<br />
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<a href="http://www.theguardian.com/money/2013/dec/30/pay-workers-more-cbi-firms">Guardian: Pay workers more CBI chief tells thriving firms</a>.<br />
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<a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/12/30/britains-chamber-of-commerce-says-corporations-should-share-their-new-prosperity-with-line-workers-wait-what/">Washington Post: "Britain Chamber of Commerce says corporations should share their prosperity"</a><br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-63365788412554504172014-01-11T07:06:00.003-08:002014-01-12T14:26:23.661-08:00UC Berkley Labor Center: Fast Food, Poverty Wages: The Public Cost of Low Wage Jobs in the Fast Food IndustryThe Labor Center at UC Berkley has published a study of people who work in the fast food industry and receive public benefits. Basically, companies are getting a free ride since the government is subsidizing low wages.<br />
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The document and comentary is avaialble on this webpage:<a href="https://www.blogger.com/Fast%20Food,%20Poverty%20Wages:%20The%20Public%20Cost%20of%20Low%20Wage%20Jobs%20in%20the%20Fast%20Food%20Industry"> "Fast Food, Poverty Wages: The Public Cost of Low Wage Jobs in the Fast Food Industry" </a><br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-58294833574330585142014-01-11T06:49:00.003-08:002014-01-12T14:27:55.081-08:00CEPR and Baker and Bernstein: Getting Back to Full Employment<br />
The <a href="http://www.cepr.net/">Center for Economic and Policy Reseach</a> has published a free book by Dean Baker and Jared Bernstein called "<a href="http://www.cepr.net/documents/Getting-Back-to-Full-Employment_20131118.pdf">Getting Back to Full Employment: A Better Bargin for Working People"</a>. <br />
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The book discusess structural versus cyclical unemployment and NAIRU (the natural rate of unemployment). It then propose some policies to reduce unemployment.Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com1tag:blogger.com,1999:blog-938813432245077103.post-79349975546110191162014-01-03T06:10:00.002-08:002014-01-03T06:10:48.365-08:0023,000 people apply for 600 Wal-Mart Jobs in DC. Thirty eight job seekers for everyone one job.<br />
Twenty three thousand people applied for 600 Wal-Mart jobs. That's 38 people for each postion. I just don't get where this attitude that "no one wants work" comes from. People don't want to work. The correct statement is that "people don't want to work at that lowly wage."<br />
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NBC4 Washington: <a href="http://www.nbcwashington.com/news/local/Walmart-to-Open-First-Stores-Dec-4-232488871.html">Walmartto Open first DC Stores on Dec. 4</a><br />
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<a href="http://www.businessinsider.com/wal-mart-receives-23000-applications-2013-11">Business Insider</a> also covered the event.<br />
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Here is the story from the Washington Post. <a href="http://www.washingtonpost.com/local/in-dc-hundreds-of-wal-mart-job-seekers-are-desperate-for-work-any-work/2013/09/23/f222fcfa-248a-11e3-ad0d-b7c8d2a594b9_story.html">In DC, Wal Mart Job Seekers Want Work. Any Work.</a><br />
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Wal-Mart is hiring on 3% of the people that apply.Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-65990920726772263542013-12-31T00:51:00.002-08:002013-12-31T00:51:29.719-08:00Washington Post: 1.3 millon will lose Unemployment Benefits in the New Year<br />
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Washington Post reporter Brad Plumer has the story. <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/12/20/unemployment-benefits-for-1-3-million-workers-expire-next-week-heres-what-you-should-know/?wpisrc=nl_wonk">WonkBook: Unemployment benefits for 1.3 million expire Saturday.Here's why. </a><br />
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Washinton Post writer Niraj Chokshi, analyzes which states are affected. <a href="http://www.washingtonpost.com/blogs/govbeat/wp/2013/12/26/where-the-1-3-million-people-losing-unemployment-aid-this-week-live/">GovBeat: Where the 1.3 Million people losing unemployment aid this week live.</a>Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-61950211906463655612013-12-29T13:47:00.000-08:002013-12-29T13:47:00.630-08:00Washington Post And Seattle Times: Airport workers my not get their $15 wage<br />
For the purpose of a $15 dollar minimum wage, a judge has ruled that the airport is outside of the jurisdiction of SeaTec and only resturant workers and parking attendants qualify for the higher wage.<br />
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<a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/12/29/seatacs-minimum-wage-workers-might-not-get-their-raise-after-all/">Washington Post: SeaTac's minimum wage workers might not get their raise after all.</a> The washington post do a good job of summing up the issues.<br />
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The Seattle Times: <a href="http://seattletimes.com/html/businesstechnology/2022546349_seatacprop1rulingxml.html">SeaTac's $15 dollar wage floor cannot include airport workers</a>.<br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-75461685367186493312013-12-27T12:47:00.000-08:002013-12-27T14:06:02.489-08:00NY Amsterdam News: Wage theft employees get their jobs back<br />
In a story from the New York Amsterdam news, by Stephon Johnson, twenty five Dominos Pizza employees in northern manhatten will be re-instated after being terminated several days prior.<br />
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NY Amseterdam news has the story <a href="http://amsterdamnews.com/news/2013/dec/19/washington-heights-dominos-employees-get-jobs-back/">here</a>.Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-43387577137503434502013-12-27T05:31:00.001-08:002013-12-27T08:43:52.863-08:00New York Times: Work Makes you Happy<br />
A New York Times Opinion by Arthur C. Brooks called <a href="http://www.nytimes.com/2013/12/15/opinion/sunday/a-formula-for-happiness.html">"A Formula for Happiness"</a> discusses the contribution work can make toward happineess. The author believes that happiness is determined by genes, life circumstance and work. <br />
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About 48% of your happiness is determine by your inherited traits.<br />
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About 40% is short and medium term rewards such as buying stuff, family events, or graduating high school. The effect wears off quickly.<br />
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The remaining 12% are discrenary activities that include faith, family, freinds and work. Friends and family are obvious, but work is the most interesting. Meaningful and fulfilling work can deliver personal happiness and financial reward.<br />
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The American Enterprise Institute calls this happiness effect "Earned Success". The times editorial is light on the AEI philosopy but you can get a bigger dose on YouTube. Arthur Brooks: <a href="http://www.youtube.com/watch?v=sDH4mzsQP0w">The secret to happiness</a>.<br />
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The video on youtube discusses happiness and the it's AEI pro entrepreneurship (pro business) philosophy. The AEI promotes free enterprise as a "moral goal."<br />
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Here is another reseacher, Dan Gilbert talking about synthentic versus real happiness. <a href="http://www.youtube.com/watch?v=4q1dgn_C0AU">Ted Talks: Dan Gilbert, the surprising science of happiness</a>.<br />
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There are two issues we have with the reseach: 1) The low value given to work as a generator of happiness, 2) second is the twist the American Enterprise Insititue gives the reseach at the end to support their position.<br />
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First, we can't believe work contributes only part of the overal all 12% happiness. For many of us the work is also closely entertwined with self esteem, financial empowerment and health.<br />
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Second, the reseach all makes sense up until when the AEI tries to slip in it's economic message. Work has a value above it's financial return. Work in all forms is valuable: private, public and non-profit.<br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-76585208274137232612013-12-26T13:33:00.000-08:002013-12-26T13:52:32.190-08:00Bloomberg: Fraternity Affirmative Action or Meritocracy Not<br />
Fraternity members have their own secret affarmative action program. Bloomberg has the details in a piece called <a href="http://www.bloomberg.com/news/2013-12-23/secret-handshakes-greet-frat-brothers-on-wall-street.html">"Secret Handshakes Greet Frat Brothers on Wall Street"</a>. The new film "Wolf of Wall Street" publicizes the male dominated culture of the financial industry.<br />
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We have long known networks constitute a form of affirmative action for the powerful and their off spring.<br />
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What is most disappointing is how privilage networks are described as meritoracies when so many are excluded.<br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-20992110934975229392013-12-22T08:56:00.002-08:002013-12-22T08:56:42.897-08:00Chicago Tribune: PR Executive for IAC(BlackPeopleMeet, Match.com, Daily Beast) fired for Racist Tweet<br />
The Chicago Tribune writes that Justine Sacco, a PR executive at IAC (InterActiveCorp), who tweeted racist comments before traveling to Africa was fired by her company. IAC is general media company with large internet interests. It is led by Barry Diller who developed fox broadcasting and USA networks.<br />
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The Chicago Tribune has the story here: "<a href="http://www.chicagotribune.com/news/chi-justine-sacco-fired-20131221,0,1716564.story">PR Executive Justine Sacco fired after insenstive tweets goes global</a>".<br />
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The UK daily mail also has good coverage: <a href="http://www.dailymail.co.uk/news/article-2527330/Blonde-female-PR-executive-tweets-Going-Africa-Hope-I-dont-AIDS-Just-kidding-Im-white-causes-international-outrage-likely-fired.html">"Fired: PR Exec who sparked outrage with racist tweet..."</a><br />
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IAC (InterActiveCorp) owns many well known websites including BlackPeopleMeet, Match.com, Daily Beast, CitySearch, Vimeo, CollegeHumo, Ask.com, About.com and UrbanSpoonEvil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-75364257496808188722013-12-18T06:00:00.002-08:002013-12-27T07:17:15.214-08:00Bill Moyers: US has 25 percent of world's prisioners<br />
The US criminalizes many civil offenses<br />
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<a href="http://www.blogger.com/Bill%20Moyers:%20US%20has%2025%20percent%20of%20worlds%20prisioners">Bill Moyers: US has 25 percent of worlds prisioners</a>Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-46390016301405127562013-12-18T05:34:00.000-08:002013-12-18T05:34:51.328-08:00Salon: US becoming low wage country<br />
US politicians anf governments have made a huge mistake by ignoring wage growth.<br />
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Joan Walsh writes in Salon: <a href="http://www.salon.com/2013/12/15/poverty_nation_how_america_created_a_low_wage_work_swamp/">Poverty Nation: How america created a low wage work swamp.</a><br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-86018665892138753092013-12-01T13:06:00.001-08:002013-12-01T14:35:57.921-08:00Daily Mail (UK). Study reveals on-line racism<br />
The Daily Mail (UK) reported the results of a study in the Economic Journal of the Royal Economic Society. The study compared online offers for an Apple IPod using a black hand, a white hand and a white hand with a tattoo.<br />
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The Daily Mail story is here: <a href="http://www.dailymail.co.uk/sciencetech/article-2513797/How-online-shopping-reveals-RACIST-Study-finds-internet-customers-likely-buy-black-sellers.html">How on line shopping reveals we are racist.</a><br />
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The image with a black hand received less offers and at a lower price.<br />
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The study is called "<span style="background-color: white; font-family: Arial, 'Lucida Grande', Geneva, Verdana, Helvetica, 'Lucida Sans Unicode', sans-serif; font-size: 14px; line-height: 14px;"><a href="http://www.res.org.uk/details/journalArticle/5581701/The-Visible-Hand-Race-and-Online-Market-Outcomes.html">The Visible Hand: Race and Online Market Outcomes"</a> and is featured </span>at the Royal Economic Society.<br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-50965231248535111802013-12-01T13:00:00.001-08:002013-12-31T01:44:37.540-08:00New York Times Again: Best article this year on unemployment !!!<br />
Well, getting tired of quoting the New York Times or making referrals, but they are just head and shoulders above everyone else.<br />
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Here is a another great, long-form piece on what it's like to be unemployed.<br />
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<a href="http://www.nytimes.com/2013/11/17/business/caught-in-unemployments-revolving-door.html">New York Times: Caught in a revolving door of unemployment</a>.<br />
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If you have time, read the comments. Some are quite heartless and vicious. They show no empathy what We don't think you are qualified to comment unless you have been<br />
<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-32793148786678072272013-11-08T05:16:00.001-08:002013-11-08T05:16:53.987-08:00New York Times: Poverty in the United StatesMark R. Rank, a professor of social welfare at Washington University in St. Louis writes an excellent summary of people in poverty in the US. The story appears in the New York Times on November 2nd, 2013. <a href="http://opinionator.blogs.nytimes.com/2013/11/02/poverty-in-america-is-mainstream/?_r=0">The piece is here(NYT).</a> The article refuts many of the myths around people in poverty.<br />
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Some of the highight include...<br />
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Poverty is much more widespread than people realize. More than half of all people in the US will experience a year in or near the poverty level. The poverty level is about $11,000 for an individual and $23,000 for a family of four.<br />
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The number of people in long term poverty is also small. To paraphrase the story, "People experience a year to two in poverty, then a longer period above the poverty line, then slip back again."<br />
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Most people in poverty are white. About two thirds of people in poverty are white. The figure has remained the same "for several decades"<br />
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Finally, the author notes that people in poverty are motivated to work. They have the same attitudes and behaviors as the rest of the country.<br />
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The sad part of Professor Rank's article is that curing poverty requires the will of the people and government which does not seem to care.<br />
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<a href="http://opinionator.blogs.nytimes.com/2013/11/02/poverty-in-america-is-mainstream/?_r=0">NYT: Poverty in America is Mainstream</a><br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-5747270776773449942013-10-19T12:54:00.003-07:002013-12-01T13:07:30.603-08:00Some links for Corporate Social Responsibilty (This stuff smells a lot like PR)Once again, we can't believe how mis informed and uncaring the average US consumer is when making purchases.<br />
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And we also can't believe how disingenous big companies are when it come to corporate responsibility. In fact they call the field "Reputation Management" not social responsibility.<br />
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One of our longer term ideas for an Apps that gives a social responsibility score for companies.<br />
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Here are some links in the area of Corporate Social Responsibility<br />
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<a href="http://www.reputationinstitute.com/">Reputation Insititute</a><br />
<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-40267811938864289882013-10-14T18:04:00.001-07:002013-10-14T18:04:41.507-07:00Article from NK Warikoo and C Fuhr: Legitimating status: Perceiptions of meritocracy .... at OxfordHere is a very interesting article about how the elite view meritocracy and equality. The article, called "Legitimating Status: perceptions of meritocracy and inequality among undergraduates at an elite British university" appears in the British Educational Reseach Journal. <a href="http://onlinelibrary.wiley.com/doi/10.1002/berj.3108/abstract">Here is the link.</a> <br />
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The researchers interviwed 46 students at Oxford University.<br />
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We got a tip from the BBC program "Thinking allowed" which intervied Ms. Warikoo who is an assistant professor at Harvard School of Education. <a href="http://www.bbc.co.uk/programmes/b03c48ys">Here is the link to the thinking allowed program.</a> <br />
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Here are some highlights:<br />
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80% believe admissions were based on merit alone.<br />
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40% believe there is some truth to inequlaity in schools which affects the admissions process.<br />
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Students ignored family background. They also had a general conservative view of the whole process.<br />
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Students were against postive discrimination in general.<br />
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The discussion on "Thinking Allowed" noted that 75% of US students fvor special help for working class students while only 33% of UK students thought such help was needed.<br />
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<br />Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com0tag:blogger.com,1999:blog-938813432245077103.post-2967851164790057882013-09-19T17:43:00.000-07:002013-09-19T17:43:48.797-07:00From the Washington Post. Low skilled immigrants: Economic burden or boom ?<br />
Here's the link: <a href="http://www.washingtonpost.com/national/low-skilled-immigrants-economic-burden-or-boon/2013/08/24/b1b88858-ed5b-11e2-9008-61e94a7ea20d_story.html">Low skilled immigrants: Economic burden or boom ?</a><br />
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The Washington post published a story on the impact low-skilled immigrants on low skill US born citizens.<br />
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The article at least acknowledges a well known fact in the Black community: that immigrants take jobs from black people, depress wages for poor people and control businesses in black neighborhoods. final reports the impact immigrants are having on the Black community. <br />
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The issue we have is that WAPO and the press in general tries to cover an issue that really hurts poor people with fake objectivity. <br />
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Almost everyone agrees that some immigration in general is good for the country. People will also admit, grudging, that poor immigration hurts the existing US poor. And a lot of poor people are black. A lot of us also benefit from immigration: we get cheap food, all night convienice stores, and low cost landscaping and construction labor.<br />
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Our solution: We should switch our model to rich immigration: Doctors, lawyers, dentists and CEO should be allowed to immigrate freely. Limits should be placed on poor immigration.Evil Black Economisthttp://www.blogger.com/profile/05547925422665973543noreply@blogger.com1