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Category Archives: Poverty
Fatherhood As An Anti-Poverty Strategy: Joseph T. Jones Jr
Bill Nye, Science Guy, Dispels Poverty Myths
Warren Buffett & Bill Gates on Measuring Performance, Wealth, Billionaires, Financial Crisis
Performance measurement is the process of collecting, analyzing and/or reporting information regarding the performance of an individual, group, organization, system or component. It can involve studying processes/strategies within organizations, or studying engineering processes/parameters/phenomena, to see whether output are in line with what was intended or should have been achieved.
Performance measurement has been defined by Neely as “the process of quantifying the efficiency and effectiveness of past actions”, while Moullin defines it as “the process of evaluating how well organisations are managed and the value they deliver for customers and other stakeholders”. Discussion on the relative merits of these definitions appeared in several articles in the newsletter of the Performance Management Association.
Wikipedia – Performance Measurement
The wealth effect is an economic term, referring to an increase (decrease) in spending that accompanies an increase (decrease) in perceived wealth.
The effect would cause changes in the amounts and distribution of consumer consumption caused by changes in consumer wealth. People should spend more when one of two things is true: when people actually are richer, objectively, or when people perceive themselves to be richer—for example, the assessed value of their home increases, or a stock they own goes up in price.
Demand for some goods (especially Inferior goods) typically decreases with increasing wealth. For example, consider consumption of cheap fast food versus steak. As someone becomes wealthier, their demand for cheap fast food is likely to decrease, and their demand for more expensive steak may increase.
Consumption may be tied to relative wealth. Particularly when supply is highly inelastic – or in the case of monopoly – one’s ability to purchase a good may be highly related to one’s relative wealth in the economy. Consider for example the cost of real estate in a city with high average wealth (for example New York or London), in comparison to a city with a low average wealth. Supply is fairly inelastic, so if a helicopter drop (or gold rush) were to suddenly create large amounts of wealth in the low wealth city, those who did not receive this new wealth would rapidly find themselves crowded out of such markets, and materially worse off in terms of their ability to consume/purchase real estate (despite having participated in a weak Pareto improvement). In such situations, one cannot dismiss the relative effect of wealth on demand and supply, and cannot assume that these are static. (see also General equilibrium).
However, according to David Backus, an NYU economist, the wealth effect is not observable in economic data, at least in regards to increases or decreases in home or stock equity. For example, while the stock market boom in the late 1990s (q.v. dot-com bubble) increased the wealth of Americans, it did not produce a significant change in consumption, and after the crash, consumption did not decrease.
Economist Dean Baker disagrees and says that “housing wealth effect” is well-known and is a standard part of economic theory and modeling, and that economists expect households to consume based on their wealth. He cites approvingly research done by Carroll and Zhou that estimates that households increase their annual consumption by 6 cents for every additional dollar of home equity.
The wealth effect and the Paradox of Thrift are contradictory. The paradox assumes, incorrectly, that people will spend when they feel wealthy, based on the wealth effect, but not when they are actually more wealthy.
Wikipedia – The Wealth Effect
How to Become a Culture-Changer: Evan Grae Davis
Husband, father, adventurer, activist; Evan Grae Davis has traveled the world with camera in hand for nearly two decades advocating for social justice through writing and directing short documentaries and educational videos championing the cause of the poor and exploited.
Evan recently released his first feature length documentary film asking why nearly 200 million women are missing in the world today– killed, aborted and abandoned simply because they are girls.
It’s a Girl is currently screening in hundreds of locations around the world, including colleges and universities, film festivals, at the European and British Parliaments and, recently, on Capitol Hill in Washington DC. With nearly half a million people joining the cause to end gendercide so far as a result of his film, Evan is on a mission to mobilize a movement to restore dignity and value to the girls of India and China.
The Garden Mindset: Michael Lindenmayer
The Economical Gap: Distribution of wealth in China
The focus is on the economical gap in China. More specifically how the distribution of Chinese wealth is a huge problem.
Paul Pholeros: How to reduce poverty? Fix homes
In 1985, architect Paul Pholeros was challenged by the director of an Aboriginal-controlled health service to “stop people getting sick” in a small indigenous community in south Australia. The key insights: think beyond medicine and fix the local environment. In this sparky, interactive talk, Pholeros describes projects undertaken by Healthabitat, the organization he now runs to help reduce poverty–through practical design fixes–in Australia and beyond.
Paul Pholeros is a director of Healthabitat, a longstanding effort to improve the health of indigenous people by fixing their living environment and housing.
WHY YOU SHOULD LISTEN TO HIM?
“Change comes slowly,” says architect Paul Pholeros. He should know; he has spent the last 30 years working on urban, rural, and remote architectural projects throughout his native Australia and beyond. In particular, he is focused on improving the living environments of the poor, understanding that environment plays a key and often overlooked role in health.
An architect himself, Pholeros met his two co-directors in the organization Healthabitat in 1985, when the three were challenged by Yami Lester, the director of a Aboriginal-controlled health service in the Anangu Pitjatjantjara Lands in northwest South Australia, to “stop people getting sick.” The findings from that project have guided their thinking ever since, as Pholeros and his partners work to improve sanitation, connect electricity, and provide washing and water facilities to indigenous communities. Above all, the teams focus on engaging these local communities to help themselves–and to pass on their skills to others. In this way, a virtuous circle of fighting poverty is born.
Since 2007, Healthabitat has expanded its work beyond Australia, working on similar projects in the Kathmandu Valley in Nepal. In 2011, the firm was awarded the international UN Habitat and Building and Social Housing Foundation’s World Habitat Award, and a Leadership in Sustainability prize from the Australian Institute of Architects. In 2012, Healthabitat was one of the six Australian representatives at the Venice International Architectural Biennale.
“Paul Pholeros is an architect specifically honoured for his 30 years’ work in indigenous housing. His firm, Healthabitat, set up in 1987 with the medic Paul Torzillo and the public health officer Stephan Rainow, does not build new houses but simply “fixes” ones that are not working. They have developed a testing kit that fits in a suitcase, a preferred list of robust, low-maintenance appliances and a standard set of tools, so that local people can be trained in the work. In the past decade they have fixed 6500 houses across remote Australia and a new two-year contract covers 600 more. So you’d have to say he’s across the issue.” Elizabeth Farrelly, the Sydney Morning Herald
80% of Americans only share 7% of the money in the US