Skip to main content

Home/ Jacob Solomon's group - M2015(B)/ Group items tagged Counting

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
Amanda Anna G

Counting the Cost of Fixing the Future - NYTimes.com - 0 views

www.nytimes.com/...cost-of-fixing-the-future.html

Counting the Cost of Fixing Future

shared by Amanda Anna G on 12 Sep 13 - No Cached
  • What would you pay to protect the world in which your great-great-grandchildren will live from hurricanes, drought and the like?
  • Perhaps the most startling conclusion to be drawn from the new estimates is that the sacrifice demanded of our generation to prevent vast climate change down the road may turn out to be rather small.
  • Amanda Anna G on 12 Sep 13
     
    I think this article was appropriate for our task, since most of the article was about opportunity cost, if we should spend our money on fixing the future. This subject (the environment) can be seen as an opportunity cost since we choose to venture our money on the environment for the future, even though we might not will take part of the advantages now, for the moment.
Haydn W

Income distribution of New York City: What does it take to be rich? - 1 views

www.slate.com/...t_does_it_take_to_be_rich.html

Income Distribution USA New York Slate

shared by Haydn W on 28 Sep 14 - No Cached
  • So You’re Rich for an American. Does That Make You Rich for New York?
  • New Yorkers have a notoriously skewed sense of wealth—at least when they work in industries like finance or media and live in Manhattan or Brooklyn. It’s hard not to, seeing how we’re surrounded by expensive restaurants, expensive apartments, and expensively dressed people who seem able to afford it all.
  • If I mention that a six-figure salary counts as rich in much of the country—that just $250,000 gets you into the top 2 percent—the response is usually, “Sure, but that’s not New York rich.”
  • ...4 more annotations...
  • The greater New York metro area may be home to an enormous share of the country’s 1 percenters, and it's certainly a magnet for exorbitant, plutocratic wealth. But in the city itself, the basic income curve isn’t that exceptional. In the entire U.S., according to the Census, about 22 percent of households earn six figures. In NYC, it’s about 25 percent.
  • Real estate here is expensive, and we don’t get much square footage for our buck. But as I wrote yesterday, the high rents in this city are balanced out somewhat by the low, low cost of commuting on the subway. (Not paying for a car, or gas, or car insurance is pretty financially sweet.)
  • Combine that with the fact that salaries are somewhat higher than average here, and New York is reasonably affordable compared with other large cities.
  • The upshot: If you’re rich by U.S. standards, you’re probably also rich by New York standards. Now, if you do want to see a city where incomes are crazily out of line with the national norm, check out San Francisco, where 39 percent of households make six figures—it really is becoming a city for the rich.
  • Haydn W on 28 Sep 14
     
    This article from Slate tackles the issue of income distribution in one of the most notoriously expensively cities on Earth - New York. The article relates the economic principles learned this week to real life and the cost of living in a bustling city, with an interesting conclusion that might surprise some.
John B

William Easterly: Singing About Fighting Poverty, Slightly Off-Key - WSJ - WSJ - 1 views

online.wsj.com/...ty-slightly-off-key-1412292935

Supply-side

shared by John B on 03 Oct 14 - No Cached
  • The progress against poverty in China is obvious, but whether China's government deserves to be held up as a development model is not so clear. For instance, who gets to decide whether mainland Chinese citizens should be content with improved standards of living and so few protections against the frequent violations of their rights by their own government?
  • Extreme poverty in China has been reduced over the past few decades precisely because Beijing permitted the freedoms of a market economy to infiltrate a communism-blighted society. If the regime's repression now worsens, count on the end of the country's high growth rates.
  • Yet freedom is arguably central: first, as an end that people want for themselves, and, second, as the most well-proven path to escaping poverty. Consider among others North America, most of Europe, Australia, New Zealand, Japan, South Korea, Taiwan and Chile, where the answer to poverty was economic and political freedom.
  • John B on 03 Oct 14
     
    In this article, the author discuss the affects of the actions of the government in China. It is a modern topic today due to the demonstrations being held in Hong Kong. The authors mentions that the statement about entering a democracy, and then pulling back on the decision means that they were on the right track to get the market more free from the government, hence less poverty, but now he thinks it is gonna worsen the economical conditions. A free market has saved many economies, why should China still not give in for the human rights and improve their economy?
1 - 3 of 3
Showing 20▼ items per page