DIRS.INFO The most relevant business & tech news

☆ I inherited my dad's house at 33 after he died unexpectedly. The guilt and embarrassment of suddenly having money was painful.
▼ + stars: | 2023-10-28 | by ( Gary Nunn | ) www.businessinsider.com time to read: +7 min

My sister and I inherited his house and sold it to put deposits down on our own apartments. We knew we'd inherit the house and his possessions; he'd told us we were the only people in his will. We had two weeks to put our dad's house on the market, clear out 40 years of memories, and decide what to do with all his possessions. AdvertisementAdvertisementIt took me a long time to accept the inheritanceI was almost embarrassed by suddenly having money. AdvertisementAdvertisementThe money didn't feel like mine and neither, to a certain extent, did the flat.

Persons: —, Dad, he'd, everything's, We'd, We've, hadn't, should've, I'd, I'm, sharer, I've, wouldn't, didn't Organizations: Service Locations: Australia

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

☆ The bad math behind Harvard's refusal to do away with legacy admissions
▼ + stars: | 2023-10-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +14 min

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

REUTERS/Carlos Barriaof Acquire Licensing RightsOct 7 (Reuters) - California Governor Gavin Newsom on Saturday vetoed a bill passed recently by the state legislature to explicitly ban caste discrimination, citing exiting laws that already prohibit ancestry discrimination, which made the bill "unnecessary." Had Newsom signed the bill, officially called Senate Bill 403 or SB 403, California would have become the first ever U.S. state to explicitly ban caste discrimination. U.S. discrimination laws ban ancestry discrimination though they do not explicitly mention a prohibition on casteism. Activists opposing caste discrimination said it is no different from other forms of discrimination like racism and hence should be outlawed. In California itself, last month, Fresno became only the second U.S. city to ban caste discrimination after a unanimous city council vote.

Persons: Carlos Barriaof, Gavin Newsom, Newsom, Aisha Wahab, Sundar Pichai, Satya Nadella, Arvind Krishna, Kanishka Singh, Grant McCool Organizations: REUTERS, Democratic, Seattle, U.S, Microsoft, IBM, Thomson Locations: Francisco's, San Francisco , California, U.S, California, South, Afghan American, North America, Canada, Fresno, Silicon Valley, India, Washington

Cars for sale are parked at used car dealerships in Singapore October 17, 2022. Including COE, registration fees and taxes, a new standard Toyota Camry Hybrid currently costs S$251,388 ($183,000) in Singapore, compared with $28,855 in the U.S. A small, government-subsidised flat in Singapore costs about S$125,000. Now Guan lives without a car, focusing on other perks that Singapore offers for his family. "As a family man, it doesn’t affect me much as Singapore still has a good and stable education system. ($1 = 1.3725 Singapore dollars)Reporting by Xinghui Kok; Editing by Miyoung Kim and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, COEs, Tan Ern Ser, Tan, Jason Guan, Guan, Xinghui Kok, Miyoung Kim, Gerry Doyle Organizations: REUTERS, Rights, Toyota Camry, Toyota Rush, COE, Singapore, Thomson Locations: Singapore, Rights SINGAPORE, U.S

REUTERS/ Ann Saphir/File Photo Acquire Licensing RightsSept 29 (Reuters) - Fresno, California, became only the second U.S. city to ban caste discrimination after a unanimous city council vote that added caste and indigeneity as two new protected categories into its municipal code. THE TAKEA movement against caste discrimination has picked up some momentum in recent months in North America. Earlier this year, Seattle became the first U.S. city to outlaw caste discrimination after a city council vote and Toronto's school board became the first in Canada to recognize that caste discrimination existed in the city's schools. If signed into law, it would make California the first U.S. state to ban caste discrimination. Activists opposing caste discrimination say it is no different from other forms of discrimination like racism and hence should be outlawed.

Persons: Ann Saphir, Gavin Newsom, Kanishka Singh, Michael Perry Organizations: California Central, REUTERS, Seattle, NEXT, Thomson Locations: California, California Central Valley, Fresno , California, U.S, North America, Canada, United States, India, South, Washington

☆ The Man Who Trapped Us in Databases
▼ + stars: | 2023-09-22 | by ( Mckenzie Funk | ) www.nytimes.com time to read: +3 min

Matrix, as Asher’s new counterterrorism system soon came to be known, arguably marked the beginning of our era of analytics. But Asher, enamored with the power of his magical machines, kept talking about the five names they got right. Many critiques of our increasingly algorithmic world focus on where algorithms fail. A third boils down to checks and balances: Algorithms are often proprietary black boxes, closed to outside scrutiny. He was burning through millions more buying up vast data sets that contained ever more granular information on Americans’ lives.

Persons: Isaac, —, Asher, Hank Asher, you’re, ’ Organizations: Facebook Locations: It’s

☆ The Top U.S. Colleges for Delivering Social Mobility
▼ + stars: | 2023-09-20 | by ( Tom Corrigan | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/education/the-top-u-s-colleges-for-delivering-social-mobility-bc990be8

Persons: Dow Jones

☆ YIMBY Movement Is Winning: Build More Houses, Lower Home Prices, Rents
▼ + stars: | 2023-09-07 | by ( Eliza Relman | Kelsey Neubauer | ) www.businessinsider.com time to read: +15 min

The adherents of the "Yes In My Backyard," or YIMBY, movement believe that America's housing crisis comes down to the fundamental tension between supply and demand. Today, nearly 75% of residentially-zoned land in the US is restricted to single-family housing — detached homes designed for one family. Folks are like, 'Oh, we're in a housing crisis for the very first time. Ground zero for the modern YIMBY movement was California, where sky-high home prices forced people to reconsider their attitudes toward development. The city didn't allow new multiunit buildings to be taller or wider than the single-family homes they replaced, making construction less financially attractive to developers.

Persons: Nolan Gray, YIMBYism, Sonja Trauss, Trauss, YIMBYs, NIMBYs, Gray, I'm, —, Bill, They've, Tayfun Coskun, Muhammad Alameldin, Emily Hamilton, We're unwinding, Jenny Schuetz, Greg Gianforte, California YIMBY, Republican Sen, Todd Young, Democratic Sen, Brian Schatz, Eliza Relman, Kelsey Neubauer Organizations: San, San Francisco Bay Area, Urban Institute, Twitter, of Regional Planning, Public, Cato Institute, University of California, Berkeley Terner Center, Housing, George Mason University, Conservative, Brookings Institute, Republican, Todd Young of Indiana, Democratic, Hawaii Locations: California, San Francisco Bay, San Francisco, I'm, Los Angeles County, Florida, Utah, Minneapolis, Oregon, Austin, Dallas, Seattle, Portland , Oregon, Denver, New York, Texas, YIMBYism, We're, Bozeman, Montana, Miami

☆ Why Does Duke Have So Few Low-Income Students?
▼ + stars: | 2023-09-07 | by ( David Leonhardt | Graphics Ashley Wu | ) www.nytimes.com time to read: +31 min

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

☆ Wrestling With Inequality, Some Conservatives Redraw Economic Blueprint
▼ + stars: | 2023-09-05 | by ( Talmon Joseph Smith | More About Talmon Joseph Smith | ) www.nytimes.com time to read: +1 min

More Republicans are coming to the view that economic inequality, or a lack of social mobility, is a problem in the United States — and that more can be done to enable families to attain or regain a middle-class life. Though discussions about inequality tend to be most visible among liberals, about four in 10 Republican or Republican-leaning adults think there is too much economic inequality in the country, according to a Pew Research survey. And among Republicans making less than about $40,000 a year who see too much economic inequality, 63 percent agree that the economic system “requires major changes” to address it. “I don’t think just having a bigger government is a solution to a lot of these problems,” said Inez Stepman, a senior policy analyst at the Independent Women’s Forum and a fellow with the Claremont Institute, a conservative think tank widely credited with giving Trumpism an intellectual framework. “But I do think that we could stand to think a little bit more on the right about how to make that 1950s middle-class life possible for people.”

Persons: ”, Inez Stepman Organizations: United States —, Republican, Pew Research, Independent Women’s, Claremont Institute Locations: United States

WASHINGTON, Aug 29 (Reuters) - California moved closer to becoming the first U.S. state to ban caste discrimination after a bill to outlaw the practise passed the California Assembly late on Monday. California's legislation targets the caste system in South Asian immigrant communities by adding caste to the list of categories protected under the state's anti-discrimination laws. Activists opposing caste discrimination say it is no different from other forms of discrimination like racism and hence should be outlawed. Earlier this year, Seattle became the first U.S. city to outlaw caste discrimination after a city council vote and Toronto's school board became the first in Canada to recognize that caste discrimination existed in the city's schools. The Dalit community is on the lowest rung of the Hindu caste system; members have been treated as "untouchables."

Persons: Aisha Wahab, Gavin Newsom, Kanishka Singh, Marguerita Choy Organizations: California Assembly, Afghan, Afghan American Democrat, Seattle, Thomson Locations: California, U.S, ., South, Afghan American, North America, Canada, India, Washington

The 2024 edition of U.S. News Best Colleges will be released Monday, Sept. 18 on usnews.com, with pre-orders accepted for the accompanying print guidebook. We strongly advise users to consider the rankings alongside additional information and in light of personal interests. With that in mind, the methodology for the upcoming rankings will undergo greater modifications than in a typical year. Key changes include the following:A greater emphasis on social mobility and outcomes for graduating college students. For greater transparency, colleges and universities placing in the top 90% instead of only the top 75% will be numerically ranked.

Organizations: U.S, News, . College, U.S . News, Compass Locations: usnews.com, U.S

☆ This rare female painter in Edo Japan was ‘coveted’ for her exquisite ink paintings
▼ + stars: | 2023-08-02 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

But he laments the fact that Yukinobu — and other women artists from Japan — are not given more prominence beyond occasional inclusion in broad group shows. But she never signed her paintings, according to Kanō tradition, as Kanō Yukinobu. The Denver Art Museum alone has 13 imitations of Yukinobu paintings, and only one authentic work. A peony in the collection of MFA Boston (not on view), which holds several Yukinobu paintings. “There’s a core group of female scholars who are pursuing this (the study of Japanese women artists),” he explained.

Persons: Kiyohara Yukinobu, —, ”, Einor Cervone, Yukinobu, Benzaiten, Paul Berry, “, ” Berry, Kanō Tan’yū, Kusumi Morikage, Berry, Cervone, Yang Guifei, Tang, Xuanzong, it’s, Kiyohara, consort Yang Guifei, ” Cervone, Boston Berry, he’s, don’t, Picasso, I’m, It’s Organizations: CNN, Denver Art Museum, Tokyo National Museum, Miho Museum, Metropolitan Museum of Art, Museum of Fine Arts Boston, Boston, Suntory Museum of Art, Women’s University Locations: Japan, Kyoto, New York, “, Tokyo, Shibuya, East Asia

☆ Opinion | Colleges Can Do a Lot for Social Mobility Right Now
▼ + stars: | 2023-07-12 | by ( Jessica Grose | ) www.nytimes.com time to read: +2 min

As Katharine Meyer, a fellow in the Brown Center on Education Policy at the Brookings Institution, has written: “Overall enrollment is down, especially at community colleges. There are more ‘stopped out’ students — students who left college with some credits but no degree. Restore Funding That Was Cut After the Great RecessionIt sounds obvious, but if we want a more effective system of higher education, that requires money. According to analysis from the National Education Association, “In 2020, it looked like things were slowly improving, but then the pandemic hit. found that “32 states spent less on public colleges and universities in 2020 than in 2008, with an average decline of nearly $1,500 per student.”

Persons: Josh Wyner, Katharine Meyer, ” Organizations: Aspen Institute’s, Community, Brown Center, Education, Brookings Institution, Budget, National Education Association, “ Locations: United States

Harvard Admit rate: 4% 10k students Duke University Admit rate: 6% 7k students Amherst College Admit rate: 9% 2k students Carnegie Mellon University Admit rate: 14% 7k students University of California, Berkeley Admit rate: 14% 30k students Boston University Admit rate: 19% 20k students University of North Carolina, Chapel Hill Admit rate: 20% 20k students University of Texas, Austin Admit rate: 29% 40k students University of Florida Admit rate: 30% 30k students Bucknell University Admit rate: 35% 4k students San Diego State University Admit rate: 38% 30k students Binghamton University Admit rate: 44% 10k students University of California, Davis Admit rate: 49% 30k students Clemson University Admit rate: 49% 20k students Stevens Institute of Technology Admit rate: 53% 4k students University of Washington, Seattle Campus Admit rate: 54% 40k students Brigham Young University Admit rate: 59% 30k students CUNY Queens College Admit rate: 61% 20k students Texas A & M University, College Station Admit rate: 64% 60k students University of Pittsburgh Admit rate: 67% 20k students Texas Tech University Admit rate: 68% 30k students Ball State University Admit rate: 68% 10k students Rutgers University, New Brunswick Admit rate: 68% 40k students Purdue University Admit rate: 69% 40k students Louisiana State University Admit rate: 71% 30k students University of Delaware Admit rate: 72% 20k students University of Central Missouri Admit rate: 76% 8k students Mississippi State University Admit rate: 76% 20k students University of Wisconsin, Eau Claire Admit rate: 78% 10k students University of Alabama Admit rate: 79% 30k students University of North Carolina, Charlotte Admit rate: 79% 20k students University of Colorado Boulder Admit rate: 80% 30k students Drexel University Admit rate: 83% 10k students University of Arkansas Admit rate: 83% 20k students University of Cincinnati Admit rate: 85% 30k students University of Texas, Dallas Admit rate: 87% 20k students Suffolk University Admit rate: 88% 4k students Arizona State University Admit rate: 88% 60k students West Chester University of Pennsylvania Admit rate: 89% 10k students Grand Valley State University Admit rate: 92% 20k students University of Kansas Admit rate: 93% 20k students Utah State University Admit rate: 93% 20k students California State University, Sacramento Admit rate: 94% 30k students University of Utah Admit rate: 95% 30k students Kansas State University Admit rate: > 95% 20k students University of Wyoming Admit rate: > 95% 9k students 90% admission rate 80% admission rate 70% admission rate 60% admission rate 50% admission rate 40% admission rate 30% admission rate 20% admission rate 10% admission rate These are America’s major four-year colleges, arranged by their admission rates. Just 6 percent of all college students attend a school with an acceptance rate of 25 percent or less. 56 percent of these college students go to a school that admits at least three-quarters of its applicants. These statistics reveal a simple fact about affirmative action in higher education: It mattered very little for the majority of American college students. But because affirmative action only opened a tiny window of access to America’s most elite institutions, the ruling will make little difference for most college students.

Persons: Richard Arum, Mitchell, Stevens, Quoctrung Bui Mr, Arum, Davis, It’s, Lyndon B Organizations: University of California, Stanford Graduate School of Education, Harvard, Duke University, Amherst College, Carnegie Mellon University, Boston University, University of North, University of Texas, University of Florida, Bucknell University, San Diego State University, Binghamton University, Clemson University, Stevens Institute of Technology, University of Washington, Brigham Young University, CUNY Queens College, Texas, M University, College, University of Pittsburgh, Texas Tech University, Ball State University, Rutgers University, Rutgers University , New, Purdue University, Louisiana State University, University of Delaware, University of Central, Mississippi State University, University of Wisconsin, University of Alabama, University of Colorado Boulder, Drexel University, University of Arkansas, University of Cincinnati, Suffolk University, Arizona State University, West Chester University of Pennsylvania, Valley State University, University of Kansas, Utah State University, California State University, University of Utah, Kansas State University, University of Wyoming, Stanford, Black White, White Black, U.S . Department of Education, Pomona, San, California State University , Los, of California Locations: Irvine, Berkeley, University of North Carolina, Austin, Seattle, Rutgers University ,, Rutgers University , New Brunswick, University of Central Missouri, Eau Claire, Charlotte, Dallas, Sacramento, Cambridge, Palo Alto, America, California, San Francisco State, California State University , Los Angeles

☆ Facing a future without affirmative action, students of color say the pressure is on them to fight for diversity: 'To be going backwards in this sort of immense way is really scary'
▼ + stars: | 2023-06-29 | by ( Yoonji Han | Lauren Frias | ) www.businessinsider.com time to read: +11 min

Affirmative action has been used to pit Asian Americans against other communities of color, experts said. "By grouping together all Asian students, for instance, respondents are apparently uninterested in whether South Asian or East Asian students are adequately represented, so long as there is enough of one to compensate for a lack of the other," Roberts wrote. "Affirmative action provides a second chance for students of color," Stewart Kwoh, co-executive director of the Asian American Education Project, told Insider. In the face of the destabilizing effects of rolling back affirmative action, students of color are shoring up to ensure diversity at their schools. Ron DeSantis signed a bill mandating Asian American and Pacific Islander studies in schools, a move that critics condemned as using Asian American communities as a "wedge" against other communities of color.

Persons: —, John Roberts, Roberts, Sonia Sotomayor, Sotomayor, Stewart Kwoh, Sarah Zhang, we're, Zhang, Muskaan Arshad, Arshad, Chip Somodevilla, Ron DeSantis, Gregg Orton, There's, Reyna Patel, Hill, I've, Shruthi Kumar, Scott Applewhite, They're, Agustin Leon, Saenz Organizations: Service, Harvard, University of North, Asian American Education, Affirmative, Coalition, UNC, Fair, US, Florida Department of Education, AP, American, Florida Gov, Pacific, National Council of Asian Pacific, NBC, Studies, Asian Locations: University of North Carolina, America, Mexican, Harvard, Washington ,, Florida

Bret: I’d have a much easier time accepting affirmative action if the principal criterion was class, not race. Gail: You can’t leave race out, but yes, it’s important to mix it with other parts of a biography. Diversity is also about making sure universities don’t become ideological monocultures where people look different but share nearly all the same opinions and assumptions. Gail: To me, diversity is a very, very important goal — you don’t want to be living in a world in which all the folks of one race or class never interact with folks from another. Bret: Diversity can be a virtue, but it doesn’t have to apply in every conceivable setting or override other considerations, especially academic excellence.

Persons: Bret, I’d, Gail Locations: East, South Asia

☆ Opinion | Why This Economist Wants to Give Every Poor Child $50,000
▼ + stars: | 2023-06-23 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +51 min

What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.

Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, —, ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, —, hamilton

☆ You're more likely to live the American dream in Germany, Denmark, or Australia
▼ + stars: | 2023-06-22 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

But a child born in poverty in America is more likely to face poverty in adulthood than in many Western countries. Recent research shows that's more likely to happen in Denmark, Germany, Australia, and the UK. Their finding: "Intergenerational poverty in the U.S. is four times stronger than in Denmark and Germany, and twice as strong as in Australia and the UK." Bocconi University, Rockwool Foundation and Stockholm UniversityThis table shows what the researchers call "intergenerational persistence of poverty" across five countries. So yes, you're more likely to experience the American Dream in many countries outside the US.

Persons: —, Pedro Nicolaci da Costa Organizations: Service, Bocconi University, Rockwool Foundation, Stockholm University, Stockholm, Federal Reserve Bank of Chicago Locations: America, Denmark, Germany, Australia, U.S, American, Danish, Canada

☆ How U.C. Berkeley tried to buoy enrollment of Black students without affirmative action
▼ + stars: | 2023-06-18 | by ( Sharon Bernstein | ) www.reuters.com time to read: +9 min

[1/5] Prospective students tour the University of California, Berkeley campus before beginning of the new semester, in Berkeley, California, U.S., June 8, 2023. Black student enrollment across the system - which hovered at 3 or 4% for decades after the affirmative action ban - last year rose to 5%. While other campuses in the system have struggled to enroll Black students, the issue has been particularly painful at Berkeley, which under affirmative action had exceeded the system overall in enrollment of Black students. For one, factors such as economics and a school's location are no longer as useful for recruiting Black students, Ogundele said. Last fall, Black students made up 7% of UCLA's freshman class, the same as before affirmative action was banned.

Persons: Carlos Barria, James Bennett, I've, Bennett, Femi, Berkeley's, we've, Ogundele, Tyler Mahomes, didn't, Allexys Cornejo, Judith Painter, Painter, powell, Berkeley's Othering, Shereem Herndon, Brown, They're, Sharon Bernstein, Colleen Jenkins, Diane Craft Organizations: University of California, REUTERS, U.S, Supreme, Berkeley, U.S . News, Best Global Universities, UCLA, Multicultural Resource Center, Stanford, Harvard, Yale, Emory University, College, Thomson Locations: Berkeley, Berkeley , California, U.S, BERKELEY, California, Stanford, Puerto Rican, Los Angeles, U.C, Sacramento, Cambodian, Black, Atlanta

☆ 5 Gen Zers share their revamped American dream: Fewer white picket fences, more flexibility
▼ + stars: | 2023-05-21 | by ( Alexandra York | ) www.businessinsider.com time to read: +2 min

courtesy of AlvarezAge: 24Location: Elmwood Park, New JerseyOccupation: Corporate strategic partnerships managerDo you believe in the American dream? The American dream, in the way my parents and their generation saw it, does not exist, in my opinion. But they just didn't have the resources — the social mobility — to become wealthy owners of a house with a white picket fence. So, if you ask me what the "American dream" is today, it's more about creating my dream: What is "Jorge's dream?" Of course, I'm excited about the income, but I'm actually more excited about the possibilities outside of the job.

☆ One in 5 young people in Chinese cities are out of work. Beijing wants them to work in the fields
▼ + stars: | 2023-04-30 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Guangdong, the manufacturing powerhouse that abuts Hong Kong, said last month it will help college graduates and young entrepreneurs to find work in villages. Guangdong’s plan, which was widely panned on social media, coincided with the rate of urban unemployment among 16- to 24-year-olds surging to 19.6%, the second highest level on record. Kong Yiji, a famous literary figure from the early 20th century, has been one of the hottest memes on China’s social media since February. A tourist shop named 'Kong Yiji' in China's Zhejiang province. Other popular buzzwords have included “lying flat” and “letting it rot.”Authorities, uneasy about dissatisfaction expressed through memes, have banned the hashtag of Kong Yiji.

☆ Opinion | The Power of American Capitalism
▼ + stars: | 2023-04-20 | by ( David Brooks | ) www.nytimes.com time to read: +2 min

The millennial and Gen Z generations are practically defined by a story of economic hardship. Many people believe that the coming generations will not enjoy the same living standards as their parents. “If anything, the reverse is true.”My point is not that American capitalism is perfect. For reasons deeply rooted in our culture, the American brand of capitalism has always been tilted toward dynamism, with freer markets and smaller welfare states. Between 1990 and 2019, American social spending rose from 14 percent of G.D.P.

☆ Why so many Americans hate their work hours
▼ + stars: | 2023-04-05 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +8 min

Lower-income workers want to work more, and higher-income workers want to work less. In fact, nearly a quarter of low-income workers making less than $47,000 a year want to work more hours. On the flipside, almost a third of middle- and high-income workers say they work too many hours, according to a Pew Research Center report released Thursday. Workers are left either wanting to work more but can't get the hours, or they want to work less but feel they shouldn't. When surveyed, lower-income workers would likely jump at the opportunity to work more hours to earn more.

Search resuls for: "Social Mobility"

25 mentions found