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Candace TaylorCandace Taylor is an editor and reporter covering luxury real estate for The Wall Street Journal. Prior to the Journal, she was a reporter and editor at the Real Deal, a real-estate trade publication. She has also worked at New York Magazine, the New York Sun and the New Haven Register. Candace graduated from Amherst College and has a master’s degree from Columbia University’s Graduate School of Journalism.
Persons: Candace Taylor Candace Taylor, Candace Organizations: Wall Street, Real, New York Magazine, New York Sun, New Haven Register, Amherst College, Columbia University’s Graduate School of Journalism
Longtime Salesforce executive Denise Dresser has been appointed CEO of Slack, Salesforce co-founder and chief executive Marc Benioff announced Monday. Dresser becomes the third CEO of the Salesforce unit since it was acquired by Salesforce in 2020. She has been a Salesforce executive for more than 12 years, according to her company biography and LinkedIn profile, most recently as president of accelerated industries. Dresser will take the top job at Slack after its most recent CEO, Lidiane Jones, accepted the chief executive role at dating app Bumble earlier this month. Most notably, Slack founder Stewart Butterfield and Salesforce co-CEO Bret Taylor departed in the span of two weeks in December 2022.
Persons: Technology Denise Holland Dresser, Casey Hurbis, Shilpa Sharma, Denise Dresser, Slack, Salesforce, Marc Benioff, Dresser, Lidiane Jones, Jones, Bumble, Whitney Wolfe, Benioff, Denise, Arthur Andersen, Stewart Butterfield, Bret Taylor, Butterfield, — CNBC's Ari Levy, Jordan Novet Organizations: Communications, Media, Technology, Rocket, Boston Consulting, Salesforce, CNBC, University of Massachusetts Amherst, Oracle, Big Locations: Beverly Hills , California, Salesforce
It's a terrible time to be a HENRY
  + stars: | 2023-11-07 | by ( Juliana Kaplan | Cork Gaines | ) www.businessinsider.com   time to read: +8 min
Their wage and job growth is slower than lower earners, they're piling on debt, and childcare costs are soaring. Workers with earnings in the bottom 10% of wages saw higher wage gains than those in the top 10%. AdvertisementAdvertisementWhile wage gains have stabilized a bit, the bottom half of workers are still notching greater gains than those at the top. Meanwhile, the already rich — those who make over $250,000 — only saw their childcare costs increase by about 4%. As the labor market continues to slow, and childcare costs only rise with the end of pandemic-era subsidies , it might continue to be a bad time to be a HENRY.
Persons: , there's, Aaron Terrazas, What's, Priya Malani, HENRYs, Goldman Sachs, they're, HENRY Organizations: Service, MIT, University of Massachusetts Amherst, of Economic Research, Bureau of Labor Statistics, Bank of America Institute, Walmart, Consumer Finances, Federal Reserve, Fed
Workers are missing cog in US manufacturing gears
  + stars: | 2023-11-07 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +7 min
NEW YORK, Nov 7 (Reuters Breakingviews) - There’s a spanner in the freshly restarted U.S. manufacturing machine. Based in part on the planned construction spending, Goldman Sachs analysts estimate that Biden’s initiatives could lead to as many as 250,000 new manufacturing jobs over the next two years. Pay growth is also cooling faster for production and manufacturing jobs, at 4.2% year-over-year in August, down from an 11% annual peak in December 2021 and compared to the national average of 4.5%, according to jobs website Indeed. By 2030, technological and cognitive skills in the manufacturing sector will be in far higher demand as the share of physical and manual tasks drops by more than a quarter from 2016, McKinsey says. The U.S. manufacturing engine may be humming along now, but employment-related complications threaten to throw sand in the gears.
Persons: Joe Biden’s, Biden, Goldman Sachs, There’s, it’s, Sam, Francesco Guererra, Sharon Lam Organizations: Reuters, Deal, Taiwan Semiconductor Manufacturing, Samsung Electronics, Intel, Bosch, Linde, Public, Ford, SK Innovation, Reuters Graphics Reuters, Department, Bureau of Labor Statistics, McKinsey, University of Massachusetts, Economy Research, of Labor Statistics, Thomson Locations: Arizona, U.S, United States, China, Europe, Asia, it’s, Germany, Amherst
Here's how Kurtz built up Mike's Hot Honey from just a hobby into a company poised to bring in more than $40 million over the next year. This might be the life for me'A college-aged Kurtz in Brazil, where he found the inspiration for Mike's Hot Honey. Some like it hotKurtz working at Paulie Gee's in August 2010 with bottle of Mike's Hot Honey in hand. "I'd be in there from midnight till six in the morning just bottling, capping and labeling bottles of Mike's Hot Honey." Over three funding rounds, Mike's Hot Honey raised $12 million.
Persons: Mike Kurtz doesn't, Franzen, Quentin Tarantino's, Kurtz, Raffi Paul, Mickey Todiwala, Larry Raymond, Larry, Mike Kurtz, Paulie Gee's, Paulie Gee, Matt Beaton, Beaton, Beaton's Organizations: CNBC, Foods, UMass Amherst Locations: Brazil, Greenpoint , Brooklyn, New York City, New York, what's, U.S
Thomas Gryta — Reporter at The Wall Street Journal
  + stars: | 2023-11-03 | by ( Thomas Gryta | ) www.wsj.com   time to read: +1 min
Thomas GrytaThomas Gryta covers General Electric and corporate news for The Wall Street Journal in New York. His coverage spans how companies navigate the changing economy and society along with financial and operational challenges. He later covered the biotechnology and pharmaceuticals industry, then moved to the Journal in 2013 to cover telecommunications before shifting to the industrials beat in 2017. Tom is a former Knight-Bagehot Fellow at Columbia University and studied history at the University of Massachusetts at Amherst. With Journal colleague Ted Mann, he is co-author of the book “Lights Out: Pride, Delusion, and the Fall of General Electric,” which details the decline of the former titan of American business.
Persons: Thomas Gryta Thomas Gryta, Dow Jones, Tom, Ted Mann Organizations: Electric, Wall Street, Dow, Columbia University, University of Massachusetts, Amherst, General Electric Locations: New York, London
Top Liberal-Arts Colleges in the Northeast
  + stars: | 2023-11-01 | by ( ) www.wsj.com   time to read: 1 min
Amherst College ranks No. 8 among all colleges in the U.S. in the WSJ/College Pulse ranking. Photo: Pete Kiehart for The Wall Street JournalAmherst College is the top liberal-arts college in the Northeast, according to the WSJ/College Pulse 2024 Best Colleges in the U.S. ranking. 8 among all colleges nationwide, is followed on the list of top Northeastern liberal-arts schools by Swarthmore College, No. 11 overall, and Williams College at No.
Persons: Pete Kiehart Organizations: Amherst College, WSJ, Wall Street Journal Amherst College, Amherst, Northeastern, Swarthmore College, Williams Locations: U.S
Known as a passionate and provocative theater advocate who pushed for boundary-breaking works and for classics to be adventurously modernized, Brustein founded both the Yale Repertory Theatre and the American Repertory Theatre at Harvard. He was dean of the Yale School of Drama from 1966-1979 and during that time founded the Yale Repertory Theatre. “They'll have an unresolved experience.”After a painful, highly publicized dismissal from Yale, Brustein in 1979 switched to Harvard, where he taught English and founded the American Repertory Theatre in 1980. At both Yale Rep and A.R.T., Brustein told The Boston Globe in 2012, he embraced popular theater with a nationalistic streak: “We were trying to liberate American theater from its British overseers. The light, absurd comedy, which gently mocks the lavishness of other musicals, premiered in 1994 at the American Repertory Theatre and was close to making it to Broadway.
Persons: — Robert Brustein, Brustein, Gideon Lester, Lester, Doreen Beinart, , , Tony, Meryl Streep, Christopher Walken, Cherry Jones, Sigourney Weaver, James Naughton, James Lapine, Tony Shalhoub, Linda Lavin, Adam Rapp, William Ivey Long, Steve Zahn, Wendy Wasserstein, David Mamet, Peter Sellars, Lee Strasberg, Marilyn Monroe, William Shakespeare, Shakespeare, August Wilson, Isaac Bashevis Singer, ” “ Chekhov, Ice, George Polk, Barack Obama, Daniel, Norma Brustein, it’s, ___ Mark Kennedy Organizations: Fisher, Bard University, Yale Repertory Theatre, American Repertory Theatre, Harvard, New York Times, Tea Party, Suffolk University, Harvard University, The New, Fulbright, Cornell, Vassar, Yale School of Drama, Yale Rep, Broadway, Los Angeles Times, Yale, Institute, Advanced Theatre, Time, Boston Globe, , Vineyard, Washington , D.C, Abington Theatre, Theatre, Globe, Journalism, American Academy of Arts and, Theatre Hall of Fame, Arts, White, Carr, for Human Rights, Kennedy School of Government Locations: Cambridge , Massachusetts, The New Republic, New York City, Amherst, Columbia, Brustein, American, Washington ,, New York, New, , United States
Alamo employees worked with United Auto Workers Local 2179 and this week voted to unionize, with nearly two-thirds in favor. They join Alamo employees at the Brooklyn theater, who voted last month to become part of Local 2179. At a time of labor action in the movie industry and beyond, union activity is expanding at movie theaters themselves, a trend which began during the pandemic. Within days, Brooklyn employees voted to unionize, by a margin of more than 2-to-1. “For years the workers of Brooklyn Alamo have tried to solve problems through dialogue with management, to no avail,” the union statement read in part.
Persons: “ Barbie ”, “ Oppenheimer, Barbenheimer ”, Maggie Quick, , Tyler Trautman, , Quick, it's, Olga Brudastova, Chad Bolton, Tim League, Alamo, Sen, Bernie Sanders, Bernie, I’m, Michael Kusterman, Shelli Taylor, It'll Organizations: Alamo, Manhattan, United Auto Workers, Film, Amherst Cinema, Film Forum, UAW, The Associated Press, Vermont, League, Karrie League, Democratic Party, America, Hollywood, Gallup, Rice University, Entertainment, League . Altamont Capital Partners, Fortress Investment, Brooklyn, Brooklyn Alamo Locations: Manhattan, Brooklyn, New York, Massachusetts, San Francisco, Austin , Texas, Amherst, , Alamo, Texas, U.S, Austin
By clinging to legacy admissions, colleges are not only undermining claims of advancing equality but may be shooting themselves in the financial foot. 'A weak and sad excuse'The legacy preference has always been a dance of public intentions and private subtext. While the rationales for preserving legacy admissions have evolved, the propensity to obfuscate them hasn't. Harvard's massive $50 billion endowment makes it pretty clear: the school doesn't need to keep legacy admissions anymore. When Wesleyan announced it was dropping legacy admissions Roth was adamant that it was the right move.
Persons: James Murphy, , Richard Kahlenberg, Christopher Eisgruber, Ethan Poskanzer, Radcliffe, gosh, James Hankins, Murphy, Brooks Kraft, Amherst, Biddy Martin, Gabrielle Starr, Michael Roth, Wesleyan alums, Brown, MIT's Emilio Castilla, Kahlenberg, Harvard, Roth Organizations: US Supreme, Harvard, Department of Education, Georgetown University, Princeton University's, Washington Post, University of Colorado, Wall, Princeton, Getty, MIT, University of Texas, The Century Foundation, Pomona College, CNN, Research, Council, Advancement, Wesleyan College, Wesleyan, Ivy League, Stanford, Duke, University of Chicago, Poskanzer, University of North, Carnegie Mellon, Occidental College Locations: Boulder, University of North Carolina, America
The Queen’s question returns with a vengeance
  + stars: | 2023-10-06 | by ( Felix Martin | ) www.reuters.com   time to read: +7 min
The world’s leading central banks had spent the previous two decades focusing on low inflation, neglecting risks to financial stability. Central bankers counter correctly that predictive accuracy is not the same as explanatory power. Yet it is far from clear how today’s independent central banks should respond to these overtly political struggles. In 2021, when the Phillips Curve was asleep at the wheel, the growth in the money supply was flashing red. The unfortunate truth is that there are many answers to the Queen’s question this time round – but no single magic solution.
Persons: Elizabeth, Prince Andrew , Duke, York, Prince Philip , Duke of Edinburgh, Tom Nicholson, Queen Elizabeth, Ben Bernanke, don’t, Phillips, Isabella Weber, Guido Lorenzoni, Andrew Bailey, monetarism, Milton Friedman, Anna Schwartz, Winston Churchill, Bernanke, Peter Thal Larsen, Oliver Taslic, Thomas Shum 私, Organizations: Westminster Abbey, REUTERS, Reuters, Bank of England, U.S . Federal, Phillips, University of Massachusetts Amherst, University of Chicago, MIT, United, 「 Reuters Locations: Westminster, London, Britain, British, Central, Ukraine, Paris, United States
My son is off at UMass Amherst for his freshman year—and that has meant three hotel stays already. To my rescue came the Marriott Bonvoy Boundless Credit Card, offered through Chase. (Currently, instead of a points bonus, Marriott and Chase are offering three free nights after you spend $3,000 on eligible purchases within the first three months from account opening.) Other Marriott credit cards can be appropriate for different circumstances. For instance, those who prefer no annual fee can opt for the Marriott Bonvoy Bold card, also from Chase, which offers an also generous 14x points on purchases spent at Marriott Bonvoy but no free night award.
Persons: Chris Taylor I’ve, Chase, you’ve, That’s Organizations: UMass Amherst, Marriott, Chase, Marine Corps, Washington , D.C, Sheraton, Ws Locations: Washington ,
Great news — social media is falling apart
  + stars: | 2023-10-03 | by ( Shubham Agarwal | ) www.businessinsider.com   time to read: +14 min
And I'm not alone: People are spending less and less time on social media. But instead of spelling the death of social media, it may be the beginning of a better era. Welcome to the Great Social Media Splintering. One recent study found social media could cause an increase in eating disorders and poor body image in men and women. Studies have found that news overload from social media can cause stress, anxiety, fatigue, and lack of sleep.
Persons: I've, haven't, I'm, it's, Ben Grosser, Harvard University's Berkman Klein, media's, TikTok, Chand Rajendra, Rebecca Rinkevich, Mike McCue, Jack Dorsey, Steve Teixeira, Rajendra, Nicolucci, Shubham Agarwal Organizations: Facebook, Twitter, Great Social Media, Harvard, Harvard University's Berkman Klein Center, Internet & Society, University of Massachusetts Amherst, Institute, Rebooting Social Media, Mastodon, Mozilla, Wired, Company Locations: Instagram, Google's, India, Brazil, Facebook, Ahmedabad
AdvertisementAdvertisementWhen numbers take overThe 10,000-step benchmark has generally been the baseline goal for smartphone apps and fitness trackers. When the Fitbit tracker launched in 2009, 45 years after Yamasa's gadget cemented the 10,000-steps ideal in the public consciousness, it kick-started a boom in fitness wearables and spawned a frenzy for health data. This flood of easily accessible health data has certainly had some positive effects. Many fitness-tracking products also incorporate social-sharing features, which can give us a better perspective on how our exercise habits stack up against our friends', providing a little healthy competition as motivation. Many health- and fitness-tracking apps and wearables issue notifications throughout the day to urge their users toward their movement goals.
Persons: I've, Amanda Paluch, , Paluch, John Toner, Toner, Cathleen Kronemer, Louis, she's, Kronemer, there's, I'm, Kelli María Korducki Organizations: Apple, US Department of Health, Human Services, University of Massachusetts Amherst, University of Hull, Health, Washington University School of Medicine, Locations: East Asia, St, New York City
Menopause is considered early when it occurs before age 45, which will happen in 5% to 10% of women, Yang said. Early menopause is concerning because of the shortened reproductive years, but also because of links to other health concerns, she added. A 2010 study found that women who experience early menopause are at an increased risk for overall mortality, including cardiovascular diseases, osteoporosis and neurological diseases. How are PMS and early menopause connected? Women also need to know that there are ways to manage early menopause and the bothersome hot flashes, she said.
Persons: , Yihui Yang, Yang, Stephanie Faubion, Faubion, , Donghao Lu, ” Faubion, Elizabeth Bertone, Johnson, Organizations: CNN, Karolinska Institutet, Mayo Clinic Center, Women’s Health, PMDs, Karolinska, University of Massachusetts Amherst, American College of Obstetricians, Women’s, US Department of Health, Human Services Locations: Sweden
Opinion | What Does a Good Economy Look Like?
  + stars: | 2023-09-15 | by ( Ross Douthat | ) www.nytimes.com   time to read: +2 min
But the sourness of public opinion on the economy seems to match up pretty well with Furman’s estimates. At the very least, no matter where we stand relative to the late Obama or early Trump economy, some further improvement seems necessary to convince the public that the Biden economy is actually in good shape. So then the question for the Biden administration becomes: What counts as a good wage trend? Remember that the economic trends before 2020 were the best of the last few decades, so just returning to that dotted line in Furman’s chart would be great news. But does Biden need that scale of success to get credit for a good economy, or does he just need wage growth at any pace?
Persons: Dube, Obama, Biden, Barack Obama, George W Organizations: UMass Amherst, Inc Locations: Trump
Aziz Umerov looks at a portrait of his sister Leniye Umerova, a Ukrainian from Russian-annexed Crimea arrested in Russia, amid Russia's attack on Ukraine, in Kyiv, Ukraine August 11, 2023. A Reuters review of Rudenko's social media account on Telegram didn't find any messages critical of the war. Russia's top investigative body, the Investigative Committee, the Interior Ministry and the Prosecutor General's Office didn't respond to requests for comment on the phenomenon of carousel arrests or individual cases. A Reuters review of Russian court records identified seven cases of carousel arrests this year, with the suspects involved arrested and jailed between two and five times in succession. Not all "carousel" arrests lead to more serious criminal charges, and for some detainees, time spent behind bars is frightening enough.
Persons: Aziz Umerov, Leniye Umerova, Gleb Garanich, Rudenko's, Yulia Kiselyova, he'd, Kiselyova, Ivan Vtorushin, Valeriya, Ilya Yashin, Vladimir Putin, Putin, Alexei Navalny, Lauren McCarthy, McCarthy, Gevorg, Dmitry Golovlyov, Aleksanyan, Rudenko, Mike Collett, White Organizations: REUTERS, Reuters, Russian, Investigative, Interior Ministry, First Department, PUTIN, WHO, University of Massachusetts Amherst, Federal Security Service, of Russia Legion, Russia Legion, Thomson Locations: Russian, Crimea, Russia, Ukraine, Kyiv, Moscow, Bucha, Rudenko, Crimean Tatars, Ukrainian
Opinion | A Performance Review for President Biden
  + stars: | 2023-09-07 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Why So Many Americans Are So Down on Biden,” by Bret Stephens (column, Sept. 6):Sure, the president is old, but, boy, has the country improved. Foundations for the country’s future have been established (Inflation Reduction Act, Chips Act, etc.). C’mon, forget an occasional stumble, or less than polished speech — it’s action and leadership that should be noted, and applauded. To the Editor:All things considered, I believe that Joe Biden has done a fantastic job as president. And because we project our national identity onto our president, he does not sate our desire for a robust, optimistic leader.
Persons: Biden, , Bret Stephens, Tim Neale Amherst, Joe Biden Organizations: America, Foundations Locations: Mass
Duke students, she thought, seemed more well rounded than students on some other campuses. I think it was me being a little bit naïve.” Other Duke students who identify as F.G.L.I. At Duke — as well as elite colleges that admit more low-income students — their graduation rate tends to be similar to the overall graduation rate. Over the past decade, as other elite colleges paid more attention to low-income students, they wooed some who once might have attended Duke. “Duke students are really oriented to the world,” she said.
Persons: Ben Denzer, Perkins, Duke, ” Juliana Alfonso, DeSouza, , Stephany Perez, Sanchez, University of Chicago —, Pell, Duke Duke, Melinda French Gates, Adam Silver, ” Gary Bennett, Grant, Bates, Brown, Pell Grant, ” Bennett, we’re, Ithaka, Yale Conn, , Juliana Alfonso, Juliana, Duke Rice, Austin U.N.C, , Karen Dong, ” Dong, ” Randi Jennings, Dong, Duke’s F.G.L.I, Duke —, ” Jennings, Randi, Jennings, Alfonso, David M, Rubenstein, “ It’s, ” Alfonso, Colleges don’t, Bennett, Caroline Hoxby, Christopher Avery, Louis, Holden Thorp, ” Thorp, Ron Daniels, Johns Hopkins, ” Daniels, Catharine Bond Hill, Thorp, Hopkins, Michael Bloomberg, Johns, “ Duke Organizations: Duke University, Perkins, Ivy League, Stanford, Massachusetts Institute of Technology, University of Chicago, Harvard, Yale, Princeton, Columbia, Pell Grants, Duke, Pell Grants Harvard, Penn, Cornell, Dartmouth, Brown, Chicago, U.S . News, Colleges, Midwest, California Institute of Technology, Notre Dame, Bucknell, Georgia Tech, Oberlin, Reed, Tufts, Tulane, Wake, Universities, Wall Street Journal, University of California, University of South, College, Princeton N.J, Pomona Calif, Dartmouth N.H, Stanford Calif, Caltech Calif, Amherst Mass, Grinnell Iowa, Claremont McKenna, Vanderbilt, Opportunity, Elite, Spurs, Texas North, Southern Methodist University, Davidson, California Massachusetts, Stanford Harvard, Berkeley UMass Amherst, Amherst College Pomona, University of Texas, parka, Mardi Gras, Daily, West Union, LIFE, Uber, ” Colleges, Washington University, Hopkins, Vassar College, Johns Hopkins, University of Michigan, University of Virginia, University Locations: San Antonio, South Carolina, M.I.T, United States, Durham, N.C, Georgetown, Georgia, California, San Diego, U.C.L.A, University of South Dakota, University of South Florida, America, Middlebury, Northwestern, Pomona, Swarthmore, Harvard, Texas North Carolina, Texas, Canada, Myrtle Beach, Dallas, China, New Orleans, Irish, Camden , N.J, , St, Johns Hopkins, Wash
Colleges and universities across the country are scrambling to find legal means of maintaining the levels of diversity they would like to see. Though barred from actively using race as a factor, they will still “see” race in signifiers such as name, ZIP code and, perhaps most notable, what students say about themselves in their essays. “Nothing in this opinion should be construed as prohibiting universities from considering an applicant’s discussion of how race affected his or her life, be it through discrimination, inspiration or otherwise,” he wrote. Brenzel is currently a trustee at Morehouse College, where he is helping its board work through how the ruling will affect admissions. These supplemental prompts represent a new kind of diversity essay question, replacing the old kind that relied on a previous Supreme Court ruling on affirmative action.
Persons: John Roberts’s, , Roberts, Jeff Brenzel, Brenzel, Biden, Matthew McGann, , ” McGann Organizations: Yale, Morehouse College, Amherst College, Black Student Union, Ivy League
New York allocated $85 million to pay homeowners for building ADUs in their backyards. The state has given out $23.4 million to go to homeowners from the Buffalo area to New York City. As of August 15, the Empire State has spent $23.4 million doing so, according to New York State Homes and Community Renewal, which is in charge of the funds. miller.photo for VillaMany cities, in New York and beyond, have eased zoning ordinances to allow homeowners to build additional living units on their property. In California — where the housing crisis is especially dire — the state legislature even overrode local zoning ordinances, to allow all homeowners to build on their property.
Persons: Jolie Milstein, Kathy Hochul, HCR, miller.photo, Milstein Organizations: Service, Empire State, New York State Homes, Community, New York State Association for Affordable Housing, of, Villa, California —, Spectrum Locations: York, Buffalo, New York City, Wall, Silicon, Ulster County, Amherst, of New York City, Westchester, San Jose, New York, California
CNN —When England take the field at Sunday’s Women’s World Cup final, the team won’t look the same as the one that won the European championship last July. No white shorts. The number of nations whose uniforms feature white shorts decreased from 2019’s tournament, despite the number of participants expanding from 24 to 32. Melton noted that the historical prevalence of white shorts in women’s sports suggests that little to no consideration was given to how women’s bodies differ from men’s. Eugenie Le Sommer of France, one of several teams to switch from white shorts to dark-colored ones at this year's World Cup.
Persons: , Ireland’s, Lauren Hemp, , , Zealand’s Hannah Wilkinson, Qin Lang, Nicole Melton, ” Allison Smith, meanwhile, ” Smith, — we’re, , “ It’s, Melton, haven’t, ” Melton, she’s, Aryna, Patrick Smith, Clare Hanlon, Hanlon, ” Hanlon, Smith, “ Young, Eugenie Le Sommer, France, Justin Setterfield Organizations: CNN, England, Wimbledon, League, Manchester City, Manchester, Getty, University of Massachusetts Amherst, FIFA, University of Massachusetts, Sports outfitters, , Victoria University’s Institute of Health, Sport, Nike, “ Nike Locations: England, Zambia, Philippines, Canada, France, Nigeria, South Korea, Xinhua, United States, Europe, South America, University of Massachusetts Boston
Brian Gormley — Reporter at The Wall Street Journal
  + stars: | 2023-08-17 | by ( Brian Gormley | ) www.wsj.com   time to read: 1 min
Brian GormleyBrian Gormley covers venture capital and healthcare for The Wall Street Journal. He has bachelor's degrees in political science and journalism from the University of Massachusetts, Amherst, and a master's degree in journalism from Boston University.
Persons: Brian Gormley Brian Gormley Organizations: The Wall Street, University of Massachusetts, Boston University Locations: Amherst
Robert Alexander/Getty ImagesTo do this, the researchers analyzed huge datasets spanning 30 years to connect financial transactions to carbon pollution. They found the wealthiest 10% in the US, households making more than about $178,000, were responsible for 40% of the nation’s human-caused, planet-heating pollution. But a household making money from the hospital industry would need to bring in $11 million to produce the same amount of planet-heating pollution. Identifying the main actors behind the climate crisis is vital for governments to develop policies that cut planet-heating pollution in a fair way, he added. “At the moment, the way the economy works is that it takes money and turns it into climate pollution that is destabilizing life on Earth,” Nicholas said.
Persons: CNN —, you’ve, it’s, , Jared Starr, Robert Alexander, ” Starr, Starr, Kimberly Nicholas, Mark Paul, ” Nicholas Organizations: CNN, University of Massachusetts Amherst, Santa, Santa Fe Municipal Airport, Lund University, Rutgers University, Oxfam, Locations: Santa Fe, Santa Fe , New Mexico, Sweden
The richest 10% of Americans' income has generated 40% of US carbon emissions, a new study found. Tax shareholders rather than focusing on consumers, the study authors argue. How much carbon emissions are produced in the supply chain to create the earnings of each income group, pre-tax. Not only was the top 10% earners' income generating over 40% of emissions, but the income of the top 1% was responsible for 15%-17% of emissions, they found. In the US, multiple proposals for a carbon tax have been introduced in Congress.
Persons: Peter Unger, Patrick T, Fallon, Jared Starr, Starr, Carlo Allegri, That's Organizations: Investments, Service, Getty Images, Getty, University of Massachusetts Amherst, International Monetary Fund Locations: Manhattan
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