Poverty and Prosperity

//Poverty and Prosperity

Millennials are set to be the most unequal generation yet

In an economic climate where the top 1% own half the world’s wealth, a new analysis by Credit Suisse suggests that millennials in several advanced economies are likely going to face the worst income inequality of any generation in recent memory. The report, which focuses on the US, Germany, France, and Spain, shows that millennials are generally saddled

World Food Programme’s 5 steps to zero hunger

The World Food Programme is aiming to stop global hunger by 2030, and Mastercard has been working with the organisation to help raise funds, provide the technology for vital food assistance and thereby help people in desperate need. The WFP has five key initiatives to achieve Zero Hunger by the end of the next decade,

How Driverless Cars Could Drive Even Deeper Economic Inequality

Trulia’s chief economist says that as the wealthy move to the exurbs and work in their cars during their long commutes, it will change the fabric of our communities. How can we fix it? The reports of suburbia’s death have been greatly exaggerated. The emergence of driverless cars–like past innovations in transportation technology–will actually put

The Often Overlooked Solution to Income Inequality

Over the past few decades, as factories have closed as those jobs have become increasingly more automated or sent overseas, hospitals have remained in urban centers. Many of those institutions now serve the same economic function of early industry leaders. In my hometown of Pittsburgh, for example, the University of Pittsburgh Medical Center now occupies

This Strategy for Ending Homelessness Is Catching On Around the World

It’s a philosophy that treats housing as a right, not a privilege. For 20 years, Anthony Hopkins slept on the sidewalks of Washington, D.C., occasionally stopping by his mother’s for a shower or visiting a drop-in center for a bite to eat. Hopkins — no relation to the actor by the same name — lived

Rise of Agriculture to Blame for Inequality?

Researchers at Washington State University and 13 other institutions have found that the arc of prehistory bends towards economic inequality. In the largest study of its kind, the researchers saw disparities in wealth mount with the rise of agriculture, specifically the domestication of plants and large animals, and increased social organization. Their findings, published this

2017-11-15T16:36:05+00:00 Tags: |

Richest 1% own half the world’s wealth, study finds

The globe’s richest 1% own half the world’s wealth, according to a new report highlighting the growing gap between the super-rich and everyone else. The world’s richest people have seen their share of the globe’s total wealth increase from 42.5% at the height of the 2008 financial crisis to 50.1% in 2017, or $140tn (£106tn), according to

A new study finds innovation leads to inequality in cities

There’s a reason Silicon Valley is notoriously unequal—and it’s not just a matter of misconception or misplaced blame. Between 1990 and 2010, the tech industry’s growth directly caused San Francisco and San Jose’s inequality to grow as well, according to the preliminary draft of a study conducted by researchers from Northwestern University and the University of Toronto.

Detroit deportee adjusts to Mexico’s poverty. ‘You can’t believe it’

GUANAJUATO, MEXICO –  Jose Flores lives with his father in a six-room, concrete house next to the warehouse that his father manages in a town called Acambaro. Flores feels blessed he and his dad live a decent life with wi-fi and running water, but the community surrounding them brings a pained look to his face.

2017-11-07T08:00:08+00:00 Tags: |

California, we have a problem: Too many of us are poor

California is the proud home of tech giants, innovation and innovative public policies on important issues like climate change. But we have a problem: 18 million people, more than 1 in 3 Californians, live near or below the poverty line. It’s a problem compounded by a number of issues. Five million residents are stuck in

2017-11-07T07:49:22+00:00 Tags: |

Economic Inequality & Crony Capitalism: Conservatives Should Rethink Their Views

Conservatives have two intellectual commitments that are increasingly incompatible. They believe that the American economy is clogged up with crony-capitalist corruption that hands out special favors and protections to organized interests. They also hold that economic inequality — in particular, the surging share of total income earned by those at the very top — is

Digital Solutions Can Help Even the Poorest Nations Prosper

Among the spending choices for governments of poorer nations, kick-starting the technological revolution may at first seem like a low priority. Compared with critical infrastructure, healthcare, or schools, improved digital access and less waiting times for birth certificates feel like luxuries that should come further down the road, or perhaps be left to private enterprise.

2017-10-29T17:45:44+00:00 Tags: |

Africa: Driven to Extremes – How Poverty Fuels Extremism, and How to Help Africa’s Youth

Nairobi, Kenya — Poverty is a blight, and one that disproportionately affects sub-Saharan Africa. It is a vast and complex issue whose tentacles reach into many areas, including climate change, sustainable development and-crucially-global security. The link between poverty and violent extremism is compelling, and means that if we want to address extremism, we must fight

2017-10-29T08:02:35+00:00 Tags: , |

This Remote Region In Rajasthan Could Be India’s Answer To Tackling Energy Poverty

The truth about the efficiency of renewable energy boils down to one word: economics. According to conventional wisdom, it has long been understood that renewable energy will have a marginal impact on our everyday lives if coal-based electricity continues to be cheaper. In India, with the tariffs on solar and wind-based electricity falling below that

World Bank CEO Talks Global Poverty Reduction at IOP

Chief Executive Officer of the World Bank Kristalina I. Georgieva outlined the causes of rising poverty in some areas of the world and methods to reduce it in an address at the Institute of Politic’s JFK Jr. Forum Tuesday evening. Georgieva’s address revolved around the World Bank’s mission to reduce global poverty and assist the

2017-10-29T07:57:13+00:00 Tags: |

World’s witnessing a new Gilded Age as billionaires’ wealth swells to $6tn

Not since the time of the Carnegies, Rockefellers and Vanderbilts at the turn of the 20th century was so much owned by so few. The world’s super-rich hold the greatest concentration of wealth since the US Gilded Age at the turn of the 20th century, when families like the Carnegies, Rockefellers and Vanderbilts controlled vast

The Often Overlooked Solution to Income Inequality

Over the past few decades, as factories have closed as those jobs have become increasingly more automated or sent overseas, hospitals have remained in urban centers. Many of those institutions now serve the same economic function of early industry leaders. In my hometown of Pittsburgh, for example, the University of Pittsburgh Medical Center now occupies

The Way to Help the Poor

You can't make money without money. That was the exciting and intuitively obvious idea behind microloans, which took off in the 1990s as a way of helping poor people out of poverty. Banks wouldn't give them traditional loans, but small amounts would carry less risk and allow entrepreneurs to jump-start small businesses. Economist Muhammad Yunus

2017-10-26T06:39:42+00:00 Tags: |