by on February 3, 2018
2017 was a pivotal year for women, beginning with the historic marches that took place after Trump’s inauguration and continuing throughout the year with an unprecedented surge of women stepping up to run for office, organizing grassroots actions at a local level and supporting powerful movements, such as #MeToo, at a global level. We saw women everywhere become resolute, energized and acting as a collective transformative force, speaking out for justice, equality and change in our country and t...
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by on December 27, 2017
The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs. The 23 percent increase on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people, compares with an almost 20 percent increase for both the MSCI World Index and Standard & Poor’s 500 Index. Amazon.com Inc. founder Jeff Bezos added the most in 2017, a $34,2 billion ...
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by on February 7, 2018
The solution starts at the top, with Governor Cuomo and MTA leadership. Why was the Second Avenue Subway the most expensive subway project per mile in human history? When he began looking into the MTA over the summer, New York Times reporter Brian Rosenthal didn’t set out to expose waste in the agency’s capital construction practices. Rosenthal and his colleagues simply wanted to understand why subway service was falling to pieces. “Through the process, we heard from a lot of people...
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by on December 29, 2017
Development aid has an urban bias. The role of aid in Africa has been a controversial issue over the years, with economists like Dambisa Moyo even arguing against it, due to questions surfacing around its effectiveness in economic growth and poverty reduction. A new research paper from Virginia Tech now delves deeper into this issue, noting that aid doesn’t even flow into poorer areas within countries. Looking at development projects commissioned by the World Bank and the African Devel...
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by on February 10, 2018
Protesters rallying for a DACA bill on Capitol Hill last December. Economist Francesc Ortega says the economy would benefit if Congress protected "Dreamers" from deportation.  THE ISSUE There are approximately 3 million residents of the United States who were brought here as children and whose parents do not have legal residence. These DREAMers account for 1.3 percent of the population. About 1.6 million of these individuals meet the eligibility requirements for DACA, the Deferred Ac...
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by on December 21, 2017
Mayor de Blasio deserves credit for developing a plan to create 100,000 good jobs. But a recent CUF forum made it clear that there are several other promising ideas that, if added to the city’s plan, could bolster middle class job creation and help more low-income New Yorkers access them. by Center for an Urban Future Read the full report (PDF) New York City can boast 975,000 more jobs than 20 years ago, nearly 700,000 of which were added in the past decade. However, New York’s rece...
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by on December 30, 2017
A Turkana woman carries water on her head before attending a drought and peace meeting in Lobei village of Turkana district in northwest Kenya. The Pineapple Fund, a brand new charity project set up to give away an anonymous donor's $86 million of bitcoin to good causes, just donated $5 million to sponsor unconditional cash transfers to people in Kenya, Uganda and Rwanda living in extreme poverty, according to a Reddit post from the fund's founder, who operates under the name of Pine. The...
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by on December 20, 2017
Congressional Republicans delivered on their first major legislative accomplishment of the Trump era on Wednesday, when the House voted 224-201 to pass a $1.5 trillion tax package. The bill cuts individual rates for eight years and slashes the top corporate tax rate to 21 percent permanently. President Trump speaks about the passage of tax legislation on the South Lawn of the White House on Wednesday. The bill now goes to Trump for his signature, though it's not clear when he will sign...
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by on December 15, 2017
The soaring price of bitcoin—the virtual currency is now worth more than $250 billion—has gotten a lot of attention in recent weeks. But the real significance of bitcoin isn't just its rising value. It's the technological breakthrough that allowed the network to exist in the first place. Bitcoin's still anonymous inventor, who went by the pseudonym Satoshi Nakamoto, figured out a completely new way for a decentralized network to reach a consensus about a shared transaction ledger. This innova...
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by on December 23, 2017
When Sandy Vierling took a job at a new robot-packed factory her company built just a few miles from an older plant where she made automotive exhaust systems, she crossed into the future of manufacturing in the United States. A job seeker departs the Dr. Martin Luther King Jr. career fair held by the New York State department of Labor in New York, April 12, 2012. REUTERS/Lucas Jackson She didn’t like it at all. Auto supplier Faurecia SA’s (EPED.PA) new plant - dubbed Columbus South to disting...
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by on December 20, 2017
AT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the legislation is signed into law. The telecom giant said in a press release Wednesday that it would give more than 200,000 of its U.S. workers who are union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S. AT&T is paying bonuses of $1,000 to more than 200,000 U.S. employees. AT&T's CEO said...
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by on December 26, 2017
Do you really know what bitcoin is? Maybe it was those stories you heard — Lamborghinis and second mortgages, fortunes made and lost off of something you didn’t even really know existed until six months ago. Maybe it’s those eye-popping charts you keep seeing, the ones that go $5,800 per unit to $19,00 per unit in just one month … and the other ones that go in the opposite direction in just one week. Maybe all of your friends are constantly watching their phones, tracking their own invest...
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