Economy – Page 37 – Shamskm: A site to exchange knowledge and solutions

New Study Finds Consumption Measures Poverty Better than Income

By Guest PostAugust 20, 2012Economyanti poverty programs, bruce d meyer, child tax credit, consumption, government spending, income based poverty, james x sullivan, neediest americans, policymaker, poverty indicator, poverty measure, supplemental poverty measure, tax credit, u.s. census bureau, university of chicago

The U.S. Census Bureau should reconsider income-based poverty measures in favor of a consumption-based method, according to a new study that strives to more accurately identify the neediest Americans.

The report found that the official poverty rate and the Census Bureau’s new Supplemental Poverty Measure—both of which are income-based—do not gauge the extent of poverty as well as a method based on real purchasing ability. Bruce D. Meyer, the McCormick Foundation Professor at the University of Chicago’s Harris School of Public Policy, co-authored the study with James X. Sullivan of the University of Notre Dame. (more…)

Urban Poor Plagued By ‘Burdens of Place’

By Guest PostAugust 11, 2012Culture, Economy, Generalamerica, bmi, body mass index, burdens of place, digital mapping, igor vojnovic, journal, lansing, michigan state university, obesity tax, resident behavior, socioeconomic data, supermarket chains, united states, urban design, urban neighborhood, urban poor

EAST LANSING, Mich. — Most of America’s urban cores were designed for walking but offer little in the way of supermarkets, healthy restaurants and other amenities for residents to walk to, according to a study led by a Michigan State University scholar.

The study is one of the first to show that poor residents living in declining urban neighborhoods want healthy food choices – evidenced by their willingness to travel long distances to find them. Past research has generally assumed that poor people will shop at whatever store is closest. (more…)

Global Expansion All About Give And Take, Study Finds

By Guest PostJuly 28, 2012Economy, Politicsahmet kirca, Economy, effect, expansion, global business, global strategy, globalization, leverage, michigan state university, multinationality, synergy, tomas hult

EAST LANSING, Mich. — The key to successful global business expansion is spreading operations across multiple countries, rather than trying to dominate a region or market, according to a new study led by Michigan State University researchers.

In addition, since global expansion is costly for service industries, manufacturing industries will profit most, said Tomas Hult, director of MSU’s International Business Center.

Led by Hult and Ahmet Kirca, associate professor of marketing, the study is the largest ever conducted to examine the effect of multinationality on firm performance, Hult said. It incorporates data from nearly 48,000 firms. (more…)

IBM Helps Altyntau Resources Find Gold in Kazakhstan

By Guest PostJuly 20, 2012Economy, Technologyadam dosymov, altyntau resource, central asia, cis, Economy, gmcs, gold in kazakhstan, gold ore deposit, gold per annum, gold producer, gold production, gold recovery plant, ibm, ibm in kazakhstan, industry, jsc altyntau resources, kazan, kazhibekov ilyas, kokshetau, krasnoyarsk, mine, mining operation, moscow, perm, rostov on don, russia, st. petersburg, vasilkovskoye, yekaterinburg

Kazakh Gold Producer to Improve Gold Yield with IBM Business Analytics

Armonk, N.Y. – 20 Jul 2012: IBM has announced that it is working with JSC Altyntau Resources, a leading gold producer in Kazakhstan, to provide a new business analytics system to help the company to improve gold yields and increase the profitability of its operations.

The new system will enable the gold producer to centralize and quickly analyze data about its mining operations. It includes a dashboard of important information enabling the company’s management team to make informed decisions about which ore to mine and which extraction processes to use to achieve the best return on investment. Once the project is complete, JSC Altyntau Resources will be able to speed up its annual financial planning cycle from two months to two weeks and ensure that investors are kept informed on the company’s operations and forecasts. (more…)

When to Rein in the Stock Market

By Guest PostJuly 5, 2012Economybattle, failing business, investment bank, investor, lehman brothers, michigan state university, moral hazard, naveen khanna, richmond mathews, sec, short seller, stock market

EAST LANSING, Mich. — The stock market should be regulated only during times of extraordinary financial disruptions when speculators can destroy healthy businesses, according to a new study led by a Michigan State University scholar.

The study, in the Journal of Financial Economics, is one of the first to suggest when the U.S. Securities and Exchange Commission should get involved in the market.

The answer: rarely. The SEC should step in only when outside financial disruptions make it impossible for large shareholders to fend off “short sellers” – or speculators betting a company’s stock value will decrease, said Naveen Khanna, finance professor in MSU’s Broad College of Business. (more…)

Carrots, Not Sticks, Motivate Workers

By Guest PostJune 23, 2012Economyaccounting review, carrot, demotion, disciplinary action, employee, karen sedatole, kristy towry, margaret christ, michigan state university, motivate, penalty, penalty system, productivity, punishment, sticks and carrots, threat

EAST LANSING, Mich. — What motivates people to work harder: The promise of reward or the threat of penalty?

A new study co-authored by a Michigan State University business scholar says it’s the carrot – and not the stick – that drives productivity.

The study, which appears in The Accounting Review, challenges previous research that says the threat of penalty is more effective for getting increased effort, said Karen Sedatole, associate professor of accounting in MSU’s Broad College of Business. (more…)

Do Not Rely on Others

By Guest PostJune 20, 2012Economy, General, Healthelderly, expenses, financial future, heartache, Make plans, Mom preneurs, money, Monta Fleming, nanny jobs

I know that you hope, when you get older, that your children will be there to help you out. That they will take care of you like you took care of them. But I want to warn you now- do not count on it. You cannot count on other people to take care of you. Friends, relatives, even children will not help you out. If they do help you then great but do not set your mind, heart, and financial future to that.

Let me give you an example. An elderly friend of the family got divorced after many, many years. Now on her own for the first time, she thought she could count on her kids to help her out. She moved in with her oldest son. After a few months, things of hers started disappearing. Eventually, she confronted him and he revealed he had been selling her stuff to pay for her ‘expenses’. (more…)

Negotiating Better Mortgage Rates

By Guest PostJune 19, 2012Economybank, comparison website, current recession, economic times, economic volatility, great recession, investor, loaning institution, low interest rates, mortgage rates, public interest rate, real estate, sam adams

Many of the best real estate investors in the world will tell you that the best real estate deals are often done during times of economic volatility. The most current recession is no exception to this rule.

Savvy real estate investors are able to negotiate much better mortgage rates for themselves in the wake of the Great Recession than they would ever have been able to do in more stable economic times. If you are looking for a home or investment property, heed the opportunity that you have with historically low interest rates and loaning institutions that are looking to quickly get rid of all of the properties on their books.

However, banks are still out to make a profit and they will not give away the information that you need to get yourself better deals. Below are a few techniques that you can use to negotiate yourself the absolute best mortgage rate that a loaning institution is willing to give. (more…)

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