economy

NEWS: The Country Training People to Leave

March 9, 2015 // 0 Comments

A great article to discuss when teaching BRAINDRAIN. The country training people to leave By Stephen SackurBBC, Philippines The Philippines has one of the fastest growing economies in Asia – but there aren’t enough jobs to go around. So every year the government teaches thousands of people the skills they need to get jobs abroad. When I arrive at the state-run Housemaids Academy in Manila morning exercises are well under way. A squad of uniformed cleaners is poking feather dusters into all corners of the sitting room. In the kitchen trainee cooks are immersed in the finer points of salad preparation. The academy has the feel of a soap-opera set – each room meticulously dressed to ape the reality of a grand residence. Below stairs is a classroom filled with old fashioned school desks. Here, I’m told, the trainee house servants take lessons in hygiene, respect and personal finance. The Philippines government schools tens of thousands of maids, chauffeurs, [...]

Observations from the 2014 AP Human Geography Reading

June 11, 2014 // 4 Comments

Once again the AP Human Geography reading was a success. I still firmly believe that this group pf 500+ teachers and professors have GOT to be the most extraordinary and interesting people than any other group of readers. The stories that we all overhear while riding up the escalator for lunch are unbelievable and  inspires me to keep pushing to be a better teacher than I was yesterday. Never mind the 1125 free response questions that I graded- this is by far the best professional development that I can ever get. I am very thankful for a productive professional development night, and all of the other “professional development” nights outside of the convention center. After pondering the rubric that we used for grading and discussing it with my table, I decided to do some further research into the previous years and see what types of verbs that the FRQ test requests the students to answer. Some of my findings were interesting and provoked more thought while others were [...]

NEWS via psMag: Ironic Gentrification and the Migration of Globalization

March 24, 2014 // 0 Comments

Ironic Gentrification and the Migration of Globalization BY JIM RUSSELL • March 20, 2014 • 2:00 AM Cherry blossom trees in Buffalo, New York, in bloom. (Photo DragonFire1024/Wikimedia Commons) Higher education and health care, two major elements of the new Legacy Economy, are attracting global talent and gentrifying the neighborhoods that surround them, pricing out residents who toil in the local or regional labor market. I link economic globalization to gentrification with migration. Gentrification itself is an indicator of intensifying globalization. The influx of migrants who toil in a global labor market move into a neighborhood and compete with residents who toil in a local or regional labor market. Soon enough, the rent is too damn high. Or, if you like (I do), the wages are too damn low. Both cost for shelter and income impact housing affordability. A conventional measure that captures both variables is percentage of income dedicated to housing. In that light, some [...]

NEWS via TheAtlanticCities.com: America’s 1,000 Richest Neighborhoods

March 23, 2014 // 0 Comments

America’s 1,000 Richest Neighborhoods RICHARD FLORIDA MAR 13, 2014 Carolyn Williams/Flickr America’s “one percent” are a privileged bunch. It takes an adjusted gross income of almost $400,000 to be counted among those who make up the country’s top earners. Together, the top 1 percent account for nearly 20 percent of reported taxable income in the U.S. Overall, the one percent are heavily concentrated along the East and West Coasts. And despite all the talk about gentrification and the movement of the uber-affluent back to the cities, their numbers are overwhelmingly concentrated in the upscale suburbs of America’s increasingly bicoastal economy – places like Greenwich, Connecticut; Bethesda and Potomac, Maryland; Coral Gables, Florida; and Newport Beach, California. Eighteen neighborhoods have average incomes of more than $500,000. These are the location patterns of America’s super rich that geographer Stephen Higley has documented in a new [...]

NEWS via BloombergBusinessWeek: Megadams Are Dismal Investments

March 22, 2014 // 0 Comments

Megadams Are Dismal Investments By Blake Schmidt March 13, 2014 Photograph by Taylor Weidman/Zuma Press Indigenous Munduruku men at the quarry site for Belo Monte It’s hard to overstate the massive proportions of Belo Monte. When completed, it will be the world’s third-largest dam. Set in the heart of the Brazilian Amazon, it will funnel water through 18 turbines, each with the diameter of the Space Shuttle. When the last one is switched on in 2019, Belo Monte will have a capacity of 11,233 megawatts—enough to supply power to 40 percent of Brazil’s households. Construction crews, which began work in 2011, will have to dig up almost twice as much dirt as was removed to build China’s Three Gorges Dam, and truck in enough steel to build 16 Eiffel Towers, according to the dam’s developers. About 26,000 laborers toil in shifts around the clock. Massive is a word that also applies to the hydropower project’s price. Norte Energia, the consortium awarded a 35-year concession [...]

NEWS via ABQjournal: Mexican economy’s growth in overdrive

March 19, 2014 // 0 Comments

Mexican economy’s growth in overdrive By Jerry Pacheco / For the Journal PUBLISHED: Monday, March 17, 2014 at 12:05 am The current economic situation in Mexico reminds me of what was going on in this country in the early 1990s. At that time, Mexico had fully committed to opening up its economy and opting for trade liberalization. It had a young president who was openly supportive of commerce and of foreign direct investment in his country. A wave of privatization, reversing the trends in the 1980s, was sweeping the country as it opened up its telecommunications and financial industries. The North American Free Trade Agreement was implemented in 1994 and Mexico was going full steam ahead to create a modern economy. Perhaps more than anything, there was a spirit of change and excitement in the air. Fast-forward 20 years and this same feeling seems to be in the air, as the Mexican economy grows and change is happening daily. Since taking office at the end of 2012, Mexican President [...]

NEWS via CNN: Crimea-Economic fallout of a ‘yes’ vote

March 16, 2014 // 0 Comments

Crimea: Economic fallout of a ‘yes’ vote By Alanna Petroff and Mark Thompson  @CNNMoney March 15, 2014: 7:54 AM ET Crimea is voting on Sunday in a referendum to decide if the region should break from Ukraine and join Russia.  LONDON (CNNMoney) The Ukrainian region of Crimea votes Sunday on whether to join Russia, a move that could tip Europe back into a Cold War with its powerful eastern neighbor. The West has called the vote illegal, saying Russian military activity in Crimea violates Ukraine’s sovereignty and will influence the outcome of the referendum. U.S. and European leaders say Russia will pay a price for annexing Crimea, and German Chancellor Angela Merkel has warned of a potential “catastrophe.” Related: Live coverage of the crisis in Ukraine If, as expected, Crimeans choose Russia over Ukraine, the fallout could ultimately affect economic growth, trade, investment and energy supplies. Sanctions: Western powers may move as early as Monday [...]

NEWS via Christian Science Monitor: Why African-Americans are moving back to the South

March 16, 2014 // 0 Comments

After decades of moving north, thousands of blacks are returning to their Southern roots for economic and cultural reasons. By Carmen K. Sisson, Correspondent / March 16, 2014 Artist Kia Darceo left Milwaukee for Atlanta, which she calls ‘Black Mecca.’ This is the cover story in the Mar. 17 issue of The Christian Science MonitorWeekly. Melanie Stetson Freeman/Staff WEST POINT, MISS. When Charlie Cox told his friends he was leaving Chicago, no one tried to talk him out of it. After 35 years at General Motors, he was ready to retire. Ready to trade the cold and the crime and the frenetic pace of life for the rivers and fields of his youth. He had grown up in rural West Point, Miss., and he had moved north with his family when he was 9 years old, but somehow his heart had never quite followed. His spirit yearned for the South, and, as the years passed, the memories of his childhood burned brighter until he couldn’t stand it any longer. There was only one problem: [...]

NEWS via Guardian Liberty Voice: China Population Structure Change Demands Economic Reform

March 15, 2014 // 0 Comments

China Population Structure Change Demands Economic Reform Added by Tina Zhang on March 15, 2014. On March 13, China’s annual parliament meeting closed. Reforms in financialsector, economic structure, environmental protection, and many other areas were proposed. During the nine days of the meeting, there was plenty of news showing disappointing performance in areas such as investment, retail sales and factory output in the first two months of this year. These already invited speculations that policy easing from the government should be imminent. Beijing repeated said it would tolerate slower economic growth in exchange for economic structural transformation. Aside from the often-quoted reasons for such reform, the unstoppable change of the population structure demands China must tough through the pain of slowing economy and its structural reform. China’s working-age population shrank for the first time in 2012 by 3.45 million. Looking into the future, the number of 15 to 24 [...]

NEWS via CNN Money: 11 cities where workers are disappearing

March 14, 2014 // 0 Comments

NEW YORK (CNNMoney) Cincinnati, Cleveland and Dayton, Ohio The labor force has been shrinking in all of Ohio’s major cities other than its state capital, Columbus. Cleveland has lost 52,000 workers, or about 5% of its labor force, since November 2007, and Cincinnati lost 39,000 workers, or about 4% of its labor force, since May 2009, according to U.S. Bureau of Labor Statistics data. Job growth is anemic, particularly in Ohio’s main industry, manufacturing. Signs point to workers giving up, said Amy Hanauer, executive director of Policy Matters Ohio. “I think people are getting discouraged and leaving the labor market,” she said. Ohio lost 388,000 jobs in the financial crisis, and has since gained only about a fifth of them back. Phoenix and Tucson, Ariz. The fallout from the housing bust is still felt here. The construction sector slashed more than half its jobs in the crisis, and they’ve only started to trickle back in the last few months. But the [...]

NEWS via NewYorkTimes: Some Who Fled Cuba Are Returning to Help

March 7, 2014 // 2 Comments

Some Who Fled Cuba Are Returning to Help By DAMIEN CAVEMARCH 4, 2014 At Atelier, foreigners and Cubans find food and service that had disappeared from Havana for decades. Credit Todd Heisler/The New York Times HAVANA — The business ideas have ranged from a bikini franchise to a peanut farm, restaurants, and design firms for software and home interiors. But even more novel than the pitches — in a country where entrepreneurship used to be illegal — is the financial muscle behind them: Cuban-Americans whose families lost their previous ventures to Cuba’s Communist government. “It’s all about people not losing hope and seeing that starting a business is a way to improve their lives,” said Eduardo Mestre, 65, a Wall Street banker who returned to Cuba last year for the first time since 1960 to see the start-up training he helps finance. “Emotionally, it’s very hard not to connect with people who have all this ambition in a place where maintaining hope is very hard to [...]

NEWS vía GlobalPost: Latin America: The Cost of Murder

January 18, 2014 // 0 Comments

The effects that crime, violence, and the homicide rate have on Latin America is a model for the rest of the world. The loss of GDP due to a loss of a work force is starting to have an effect on countries in the form of a lost TAX BASE which can lead to decaying INFRASTRUCTURE and social programs. A increasing adult MORTALITY RATE leaves orphans without families and ultimately guidance for their futures. Coupled with political corruption, there is little hope for the trend to change any time soon. -The Human Imprint  ▇ ▅ █ ▅ ▇ ▂ ▃ ▁ ▁ ▅ ▃ ▅ ▅ ▄ ▅ ▇ ▇ ▅ █ ▅ ▇ ▂ ▃ ▁ ▁ ▅ ▃ ▅ ▅ ▄ ▅ ▇ ▇ ▅ █ ▅ ▇ ▂ ▃ ▁ Latin America: The cost of murder Simeon Tegel, January 18, 2014 06:01 Editor’s note: Warning — this article contains graphic images. LIMA, Peru — Dreams of a better life randomly shattered forever by a stranger’s bullet. Homeless orphans sucked into violent crime. Entire neighborhoods where the [...]

INFOGRAPHIC: NPR-Planet Money: Every Job In America, In 1 Graph

January 10, 2014 // 0 Comments

National Public Radio posted a nice info graph that depicts employment numbers in each sector of the United States economy. This is a good opportunity to try to point out which sectors are PRIMARY, SECONDARY, TERTIARY, QUATERNARY, and QUINARY. The data is taken from the Bureau of Labor [...]
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