Tag: poor
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Americans’ 90% tax rate
CNN: Americans' 90% tax rate One of the challenging features of poverty aid is to avoid creating disincentives toward achieving self-sufficiency. … Take a hypothetical single mother of two, Jane, earning $18,000 a year. Earning an additional $1 will increase Jane's actual cash available to spend by just 12 cents. How can this be? The…
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Kenya’s mobile telephones: Vital for the poor
Economist: Kenya's mobile telephones: Vital for the poor AFRICA'S "mobile decade", when telephones at last reached most corners of the continent, has meant a huge improvement in the lives of the poor. But quantifying it is hard. How useful can a mobile phone be to someone living on less than $2.50 a day, the World…
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Wage Laws Squeeze South Africa’s Poor
New York Times: Wage Laws Squeeze South Africa’s Poor NEWCASTLE, South Africa — The sheriff arrived at the factory here to shut it down, part of a national enforcement drive against clothing manufacturers who violate the minimum wage. But women working on the factory floor — the supposed beneficiaries of the crackdown — clambered atop…
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Poor Aren’t Poor Because Rich Are Rich
Real Clear Markets: Poor Aren't Poor Because Rich Are Rich Robert Samuelson (Emphasis is mine.) For years, we've debated rising economic inequality. On one side, liberals denounce it as unjust. Redistribute wealth to the poor and middle class, they say. On the other, conservatives minimize its importance. What matters most is overall economic growth, they…
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Micro coverage a big help for Mexico’s poor
Christian Science Monitor: Micro coverage a big help for Mexico's poor A new plan to promote microinsurance could have a ripple effect in the region. Mexico City – Adela Amaya Chavez never considered life insurance. In fact she had no idea what it was. But on a recent day when inquiring about a loan at…