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Apr 7, 2020

Not many of know what Social Stratification means, but once we hear the meaning and definition of it, then we will understand because as kids, we know how the world works. We've been known that our world is unequal with seeing how money affects people, how your race can be a privilege or not, and how you can get rejected just from your background which you couldn't help raising up. It is very important for me to spread this awareness so that we can slowly start accepting how the world is and accepting others.

New York State Government

OSC finds public utility providers lack adequate oversight by state commission

NewsPlexus Media

Mar 8, 2020

The state Public Service Commission is falling short in monitoring Charter Communications Inc. and other utilities across New York, according to an audit released by State Comptroller Thomas DiNapoli. Auditors found regulators lacked the equipment to measure internet speeds, used inaccurate data to track service reliability and imposed only four penalties in four years.

Everybody's Got One

Commentary: How work-life programs stall women's careers, pay

NewsPlexus Media

Apr 4, 2019

"Analysis by the National Bureau of Economic Research found that women earn less as their childrearing responsibilities escalate," writes Joanne Cleaver. "While women earn less from the start, the gap becomes a chasm for women in their 30s. By about age 37, women with college degrees start to earn less than men without college degrees." After exploring the issue, Clever concludes that "Flexible work must not come at the price of equitable pay. Employers need to analyze pay equity not just by gender and tenure, but also by work arrangement."

Everybody's Got One

Noah Smith: Capitalism needs reform, not revolution

NewsPlexus Media

Apr 2, 2019

"Critiques of the modern economy have some validity," writes Noah Smith. "But in the rush to bash capitalism — or to capitalize on the sudden unpopularity of the term — the critics haven't done a good job of defining what capitalism means. Does it mean private property? Private ownership of industry? Market economies? Public asset markets and joint-stock ownership? Often, the term capitalism seems like simply a stand-in for whatever market-like features of modern economies someone doesn't like." Before dismantling capitalism, he argues, it would be best to define it and address areas in need of adjustment.

Everybody's Got One

Doyle McManus: Most 2020 Democrats say capitalism needs a makeover

NewsPlexus Media

Mar 24, 2019

The vast majority of the prodigious 2020 Democratic field, says Doyle McManus, are not the socialists Trump and his base are painting them as. With the exception of Bernie Sanders, he says, each candidate is simply proposing ways to make American capitalism more just and beneficial for more Americans — a goal that some economists think is possible to accomplish through policy without impeding economic growth.

Everybody's Got One

Editorial: Facebook discovers privacy

NewsPlexus Media

Mar 12, 2019

While Facebook isn't changing anything about its flagship social network, it's new efforts to increase user privacy are focused on integration and encryption of it's Instagram, WhatsApp and Messenger services, says the L.A. Times Editorial Board, which hopes the step will inspire other internet companies to take steps to reduce data-mining of customers.

Everybody's Got One

Trump trade war is politically motivated, yet hurts consumers and GOP voters

NewsPlexus Media

Mar 6, 2019

Michael Hiltzik of the L.A. Times writes that a new study has found that Trump-enacted tariffs have been costly for U.S. consumers — and especially hard on producers in America's agricultural heartland, where many of his most ardent supporters reside. According to trade experts, he says, Trump's trade war with China is "based on fundamental misunderstandings of how international trade works, little consistency in applying tariffs to products or sectors, and little consideration of how the trade war would affect the economy."

Everybody's Got One

Stephen Mihm: Why legendary economists liked universal basic income

NewsPlexus Media

Feb 22, 2019

"The idea of handing out an equal lump sum of free money to all with no strings attached isn't just a pet project of woolly-headed leftists," says historian Stephen Mihm. Since the late 18th century, universal basic income has been seen as a way to get rid of welfare entirely, which could explain why it has attracted such an eclectic group of supporters over the centuries — Thomas Paine, John Stuart Mill, Friedrich Hayek and Milton Friedman, to name a few — and may account for its renaissance today.

Everybody's Got One

Commentary: Super Bowl's Mercedes-Benz Stadium has that new-subsidy smell

NewsPlexus Media

Jan 29, 2019

As excitement ramps up for Super Bowl LIII, Anne Philpot and Michael Farren take umbrage at the fact that Georgia taxpayers are likely to spend more than $1 billion over the course of a deal that funded the venue it will be played in.