The strain of worrying constantly about making ends meet depletes poor people’s brainpower, making them more likely to make bad decisions that can perpetuate the cycle of poverty. In fact, Princeton University researchers conclude in a new study, just feeling poor can quickly knock 13 points off a person’s IQ.To determine how financial worries affect thinking, the researchers posed various […]
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Though New York City’s waiting list for subsidized housing stands at over 300,000, the agency still has only nominal ability to evict a tenant who once qualified but subsequently became wealthier, and the latest “beneficiary” of those rules, according to a November WPIX-TV report, is a household that reported earning $497,911 in a recent year. Initially, one housing authority official […]
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SINCE 2006 THE INCOME GAP BETWEEN RICH AND POOR HAS GROWN \H THE 15 LARGEST U.S. CITIES
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The richest counties got richer and the poorer got poorer in the last decade, according to census reports. The poorest county turns out to be in the heart of Appalachia — Owsley County, Ky. Owsley had the lowest median household income outside of Puerto Rico, according to census results. In Owsley, the median household income is $19,351. Over 41 […]
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Tokyo ‘Silver shoplifters’: Facing cuts in welfare and pensions, Japan’s swelling ranks of the elderly are turning to crime—many of them stealing food. Shoplifters are now more likely to be over 65 than under 18. Criminal offenses by the over-65 set have doubled in the past decade, even as overall crime has dropped. “Senior citizens shoplift lunch boxes and bread […]
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BEIJING – The greatest risk China faces in its historic modernization is the massive imbalance between urban and rural areas, according to the country’s top agriculture official. “The most important and difficult task is to resolve issues concerning agriculture, countryside and farmers … to realize the agricultural modernization and the urbanization of most farmers,” said Minister of Agriculture Han Changfu […]
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“Being American is bad for your health,” said Robert Samuelson. That’s the sobering conclusion of an exhaustive new report comparing our health with that of people in 16 other advanced countries. We rank at or near the bottom, from life expectancy at birth to frequency of death before age 50, and it’s only partly the fault of our health-care system. […]
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Recent polls show that the public has fallen into a mood of pessimism and fatalism. While Washington is halted in a gridlock creating a worrisome “leadership crisis”, many Americans fear that the country is unraveling. Little do they realize, The Greatest Era In Human History is upon us. This era has brought us incredible progress, with the nation’s cities at […]
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Many experts consider the wealth gap to be more pernicious than the income gap, as it perpetuates from generation to generation and has a powerful effect on economic security and mobility. Young black people are much less likely than young white people to receive a large sum from their parents or other relatives to pay for college, start a business […]
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“When millions of people are suffering from a poverty which means hunger, malnutrition, sickness, illiteracy and degradation, we must not only remind ourselves that no one has a right to exploit another for his own advantage, but also and above all we must recommit ourselves to that solidarity which enables others to live out in the actual circumstances of their […]
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