Economy – Page 28 – Shamskm: A site to exchange knowledge and solutions

Recent immigration to the UK: New evidence of the fiscal costs and benefits

By Guest PostNovember 9, 2013Economy, Politicsbenefit, benefit tourism, christian dustmann, cream, eea, european economic area, European Union, fiscal consequences, fiscal cost, immigrants from eea, immigration to uk, social housing, tommaso frattini, uk born worker, uk immigrant, university college london

UK immigrants who arrived since 2000 are less likely to receive benefits and less likely to live in social housing than UK natives. What’s more, over the decade from 2001 to 2011, they made a considerable positive net contribution to the UK’s fiscal system, and thus helped to relieve the fiscal burden on UK-born workers.

The positive contribution is particularly evident for UK immigrants from the European Economic Area (EEA – the European Union plus three small neighbours): they contributed about 34% more in taxes than they received in benefits over the period 2001-11. (more…)

‘Zeitarbeitsfirma’ (temporary employment agency): The ‘other side’ of Germany’s labour market

By Guest PostOctober 20, 2013Economy, General, Jobs, Media, Politicsaaron, anonymous, central storage facility, construction works, der Spiegel, desert, euro, European Union, everyday life, exploitation, fictional, german authorities, german government, Germany, international labor organisation, justice, kuendigung machen, labour market, landsberg, leased worker, leipzig, leipzig airport, lieharbeiter, lost, manuel, mariam, nightshift, poland, polish colleagues, rail lines, rossmann, temporary employment agency, the mirror, zeitarbeiter, zeitarbeitsfirma, zentrallager

There are hundreds of ‘Zeitarbeitsfirma’ or ‘temporary employment agency’ dominating the current German labour market. These agencies lease workers mostly on short-term basis to different industries, supermarkets and other business enterprises. Leased workers (In German: Lieharbeiter or Zeitarbeiter) are normally low-paid and forced to do the heaviest works at their work places. Often they have to accept or bow down to inhuman demands of the ‘Zeitarbeitsfirma’.

Summarized here are few cases from different sources who experienced the hardship under the so-called ‘Zeitarbeitsfirma’: (more…)

Another Yale Nobel: Robert Shiller

By Guest PostOctober 15, 2013Economy, Education21 thinkers, 21st century, alfred nobel, american economic review, asset prices, bob shiller, born in detroit, case shiller, die zeit, economic sciences, empirical analysis, eugene fama, german newspaper, home price, irrational exuberance, jim rothman, lars peter hansen, management, MIT, nobel prize, professor of economics, real estate index, robert shiller, social psychologist, university of chicago, university of michigan, university of minnesota, university of pennsylvania, yale nobel, yale school, yale university

Robert J. Shiller, the Sterling Professor of Economics at Yale University, has been awarded a Nobel Prize in Economic Sciences. He shares the award — formally, the 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — with Eugene F. Fama and Lars Peter Hansen from the University of Chicago. According to the Nobel committee, the three were honored “for their empirical analysis of asset prices.”

Shiller, whose name became a household word with the wide use of the Case-Shiller Home Price real estate Index, came to national prominence with the publication in 2000 of “Irrational Exuberance.” The book, which quickly became a bestseller, described speculative bubbles fueled by mass misinformation and herd instinct, and accurately predicted the dot.com implosion. As early as 2003, Shiller warned of the housing market collapse, and later wrote a precept for recovery, “Subprime Solution: How the Global Financial Crisis Happened and What to Do about It.” (more…)

Despite growth reports, Africa mired in poverty

By Guest PostOctober 8, 2013Economyafrica, african citizens, afrobarometer, carolyn logan, democratic development, east africa, economic growth, economic management, ghana, growth reports, Johannesburg, michael bratton, michigan state university, political science, poverty, the hopeful continent, west africa

Despite continued reports of economic growth in Africa, much of the continent remains wracked by poverty, with roughly one in five citizens saying they frequently lack food, clean water and medical care, according to the largest survey of African citizens.

This suggests the growth is not trickling down to the poorest citizens or that actual growth rates are inflated, said Carolyn Logan, assistant professor of political science at Michigan State University and deputy director of the survey, called the Afrobarometer. (more…)

Credit lessons

By Guest PostOctober 6, 2013Economybank of america, ceee, credit lessons, first year experience, fye, john oconnor, new york, payment history, Pennsylvania, rachel coyne, university of delaware

Bank of America volunteer speaks to FYE students on ins and outs of credit

As an attendance sheet floated around the room, one by one the students in a University of Delaware First Year Experience (FYE) class signed their names, wrote down their home states (New York, Pennsylvania and beyond), and were quick to mark a check in the “Did not have high school personal finance class” column.

Yet minutes later by a show of raised hands, the vast majority of the students acknowledged they use a debit card, credit card or both. (more…)

We are sorry to see this

By ShamsOctober 3, 2013Economy, Environment, Politics, Scienceamerica, Barack Obama, blame, changing world, core, federal government shutdown, house speaker, john boehner, Science, scientific developments, U.S. Geological Survey, unavailable, us president, usgs, usgs website

While U.S President Barack Obama blames House Speaker John Boehner for the Federal Government Shutdown, it already started to hit at the cores of scientific developments in America. Today we noticed that the website of USGS (U.S Geological Survey) whose logo says ‘Science for a changing World’ is unavailable.

It reads ‘Due to the Federal government shutdown, usgs.gov and most associated web sites are unavailable.’ (more…)

Food Insecurity Continues to Grow

By Guest PostSeptember 21, 2013Economyfamilies in missouri, food affordability, food insecurity, hunger atlas, hunger issues, missouri hunger atlas

Missouri trends mirror the national picture; MU scientist offers policy suggestions to fight hunger issues

COLUMBIA, Mo. – The 2013 Missouri Hunger Atlas, issued by the University of Missouri’s Interdisciplinary Center for Food Security, shows that more than one in five Missouri households with children are food insecure, meaning they worry about not having enough food. One author of the Hunger Atlas said that patterns in Missouri reflect what is happening at the national level, and offers suggestions for actions from government policy makers and individuals to provide some relief. (more…)

American Families Taking ‘Divergent Paths,’ Study Finds

By Guest PostSeptember 20, 2013Economyamerican born children, american families, ethnic inequalities, family situations, financial difficulties

Inequality Linked to ‘Marriage-Go-Round’ Among Some Groups

COLUMBUS, Ohio – After a period of relative calm during the 1990s, rapid changes in American families began anew during the 2000s, a new analysis suggests. (more…)

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