wealth

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 [...]

VIDEO via Frontline: India-The Missing Girls

March 21, 2014 // 0 Comments

Frontline Roughtcut Website In 2006, when my wife and I traveled to India to live and work, the one issue that kept grabbing our attention was northern India’s deep cultural preference for sons over daughters. The desire for sons can be so great, that some families, after having a girl or two, will abort female fetuses until they bear a son. The practice is called female feticide or sex selection. In some ways this is a very old tale. Long before medical abortion became available, unwanted girls were killed after birth or not given enough food and medicine to survive. But modern technology has changed that. Ultrasound machines, which make it possible to determine the gender of a fetus, have spread from big city hospitals to small country clinics. Portable machines are taken to remote villages by motorcycle. As a consequence, infanticide has given way to feticide. Despite a law banning sex selective abortion in force for a decade, as many as half a million female fetuses are [...]

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 via Newsweek: The Geography of Autism

March 15, 2014 // 0 Comments

The Geography of Autism By Rob Verger Filed: 3/14/14 at 2:56 PM  | Updated: 3/14/14 at 4:09 PM A new study hints at why autism clusters, but experts caution seeking an easy solutionEnrique De La Osa/Reuters Filed Under: Tech & Science, autism, Science, Studie Researchers have long know that autism is found in clusters. Certain communities and states have rates much higher than the rest of the country — a child born in California is several times more likely to be diagnosed with autism than a child in Alabama, for example. But the question why remains unanswered. The geographical nature of the disorder seems to imply some sort of local, environmental cause. And a new study suggests just that: it found a strong correlation between autism rates and male reproductive system malformations, which can be caused by environmental toxins. There is a complex array of factors that can influence autism rates, though: they seem to be affected by issues as diverse as income level, [...]

NEWS via CNN: ‘Hidden income’ makes China’s rich wealthier than thought

September 24, 2013 // 0 Comments

Hong Kong (CNN) — China’s urban rich are making far more than they officially report, suggesting the wealth gap in the world’s second largest economy is much higher than previously thought, according to a new study. The China Society of Economic Reform released a survey Monday that found “gray income” was 6.2 trillion yuan (U.S. $1 trillion), or 12% of GDP. “Gray income” can range from illegal cash from kickbacks to unreported income and gifts. “The result has highlighted expanding social inequalities and policy issues surrounding official corruption and income distribution,” said Wang Xiaolu, who led the research for the CSER, in an article in Caixin Online. “The richer the household, the more likely it receives shadow income.” The study comes a day after Bo Xilai, a once high-flying politician, was sentenced to life in prison for bribe-taking,15 years for embezzlement and seven years for abuse of power. Bo is [...]
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