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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 CNN: Plugging China’s talent pool

March 20, 2014 // 0 Comments

Plugging China’s talent pool By Zarina Banu for CNN March 20, 2014 — Updated 0603 GMT (1403 HKT) Many are leaving China for reasons like education, food and wealth security and air quality. STORY HIGHLIGHTS China sees 8.5 million mainly middle-class living abroad with less than 10% moving in Paper in China calls exodus “the world’s worst brain drain” Hong Kong (CNN) — “Culture is not the main reason why most Chinese people leave. This is a romantic view. Most people leave China because of practical reasons like education, food and wealth security and air quality.” This is the view of Li Chen, who moved to Hong Kong from the mainland two years ago. A combination of pragmatism and aspiration led the 32-year-old Masters of Journalism student to leave. He said when his wife was offered the chance to relocate to Hong Kong, the timing for the couple was just right. The move allowed Li to pursue his passion for photography and will earn him [...]

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 [...]
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