Gross domestic fudging Sep 23, 2009
Apart from genuine statistical problems, he puts part of this problem down to changes in income distribution, part down to changes in relative weights within GDP (for example, an increase in the share of GDP going to profits, as in the United States since the 1980s) and part to such factors as traffic jams and pollution (and, inevitably global warming, though you'd think that would improve the quality of life in say Scotland or Labrador) that do not affect GDP but damage the quality of life ...... (Asia Times Online)
Understanding unit trusts Sep 20, 2009
At the very least, this will happen whenever there is an income distribution. This could be anything from annually, in the case of a few funds, to six-monthly, the norm for equity funds, or even monthly in the case of money market funds. (iAfrica.com)
BU limits paper route for students Sep 20, 2009
Nearly 900 Harvard students pack into Sanders Theatre for the introduction to moral and political philosophy class, in which government professor Michael Sandel lectures about the great philosophers and debates contemporary issues such as affirmative action, income distribution, and same-sex marriage. But you can now watch the course from the comfort of your living room. (Boston Globe)
Forget GDP, aim for happiness metric Sep 17, 2009
It depends on a country's political stability, the security, health and education of its citizens, its income distribution, and the safe shepherding of its environmental resources. Paying more attention to these metrics might help world leaders focus on policies that lead to sustained economic growth and, yes, a "happier" population. (San Francisco Chronicle -- Opinion)
Emerging economies strive for development amid challenges Sep 15, 2009
To increase domestic consumption, China has continued to adjust the national income distribution makeup, and is trying to expand the domestic market, the rural market in particular. It is noteworthy that over-reliance on exports represents a common problem for developing nations. (Xinhuanet, China)
JZ gets tough on soldiers Sep 13, 2009
"Although it took a bit longer before affecting South Africa, the economic crisis has bitten deep. The growing job losses during this year and rising indebtedness have made it clear that the effects of the crisis have hit hardest at the poor and vulnerable, thereby deepening poverty and inequality. "Lower growth poses substantial challenges for trade and industry, employment and training, income distribution and social security. But we will have to rise to the challenge and seek opportunities to... (iAfrica.com)
Riding the tsunami Sep 12, 2009
" All of this is part of something bigger that's been happening, largely unsung, in Australia, for years now. From being one of the world's chronic underperformers, Australia has become a model. The country that the Economist magazine in 2007 labelled "Downwonder" has emerged as a model in two senses. It's an example of an economic success, but it's also a model in that it has developed a distinctive political economy. There is now an "Australian model". The first time anyone really noticed... (Sydney Morning Herald -- Business)
AMB declares distributions Sep 12, 2009
KUALA LUMPUR: Amanah Mutual Bhd (AMB) has announced a net income distribution of 8 ... AMB said in a statement the annual gross income distribution was 9 ... The income distribution will be reinvested as additional units in the respective funds on behalf of the unitholders, it said, adding that the income distribution would be send to both funds unitholders by Oct 31. (The Star Online, Malaysia -- Business)
Kowloon Development 2009 Underlying Interim Net Profit Up 84% to HK$883 Million Sep 9, 2009
The said project together with the final income distribution received from the Group's co-investment Villa de Mer in Macau were the profit growth drivers of the Group during the Review Period. The Villa de Mer project has contributed a net profit of HK$821 million to the Group in the past two years. (JCN Network, Japan)
Tips from a caucus time lord Sep 5, 2009
Now I know there will be doubts and concerns, but consider: on a new planet we will build a new NSW, a better, fairer place, a place of social justice, equitable income distribution, and equal opportu. MP1: Is this claimable on our parliamentary travel allowance. (Sydney Morning Herald -- Opinion)
New model to spur growth Sep 5, 2009
The new model should strive for growth and income distribution to benefit the society as a whole and not the privileged few. Just aim for that strategic goal and all the strategic issues will fall into place, and we will succeed, he explains. (The Star Online, Malaysia -- Business)
HL Tokio Marine on track to meet premium target Sep 4, 2009
He said annual income distribution for the first three years was fixed and was performance-based in the fourth year. HLTMT was already working with third-party banks to come up with other investment-linked structured products, Latiff said. (The Star Online, Malaysia -- Business)
Overhaul for growth transition Sep 3, 2009
However, the government should pay more attention to the principle of fairness in reforming the income distribution system and strengthen its function in regulating income redistribution to narrow the widening gap between the rich and the poor. The third issue is paying close attention to the "capital asset price bubble" problem and the stable and healthy development of the real estate market. (Xinhuanet, China)
China stresses economic restructuring in promoting growth Sep 3, 2009
China would accelerate reforms of income distribution, pricing of resource products, fiscal and tax systems. The government would also improve the evaluation of officials by putting more weight on performance in improving people's living standards and ensuring the quality of economic growth. (Xinhuanet, China)
China to promote pay for merit system in public sector Sep 3, 2009
Attendees at a State Council executive meeting, chaired by Premier Wen Jiabao, agreed the performance-based salary, a major part of the reform on income distribution system in public-sector organizations, would be of great significance in increasing staff initiative and improving public service levels. The pay for merit system was first begun in primary and high schools from Jan. 1, 2009. (Xinhuanet, China)
Analyst Picks and Pans: RIM, Marvel Entertainment, TD Ameritrade Sep 2, 2009
Garcha noted, based on his new proprietary model, which takes into account total cost of ownership, income distribution and GDP to forecast long-term smartphone volumes globally, he materially raised his smartphone volume estimates for 2009 and 2010 to 176 million and 223 million, from 158 million and 187 million previously. He raised his earnings per share estimate for RIM for fiscal year 2011 (February) by 9% to $5. (BusinessWeek)
She was elated Kennedy died Aug 31, 2009
asterisk wrote on Aug 30, 2009 2:50 PM:" login, good point. Just because you are a U.S. Senator claiming to have compassion for people at the low end of the income distribution doesn't mean that the Law of Demand is suspended whenever you want to enact another policy.http://mjperry.blogspot.com/2009/08/law-of-demand-no-exceptions-or-special.htmlhttp://reason.com/news/show/135125.html ". Crank Shaft wrote on Aug 30, 2009 3:09 PM:" Biggest, evilest lie in history?Oh good hell! ". (Logan Herald Journal, UT)
Ten years on, East Timor looks to the future Aug 27, 2009
But Pires is wary of oil becoming a curse, fearing a boomtown mentali 00004000 ty and lop-sided income distribution. "We need to put infrastructure in place for normal development to occur as if we never had oil. We know what that oil cost us," she says. (Sydney Morning Herald -- Business)
What About the BRICs? Aug 26, 2009
Brazil, India and China have large problems of income distribution (more unequal than even the US), issues exacerbated by large but low productivity agricultural sectors and urban squalor. Brazil and Russia rank at midpoint in the 179 country United Nations Human Development Index; China is just slightly below and India, alas, is almost at the bottom. (YaleGlobal Online Magazine, CT)
What the Growing Deficit Really Means Aug 26, 2009
U.S. income distribution has become more unequal than at any time since 1928, just before the Great Depression. In the ten years between 1996 and 2006 two thirds of all the growth in the entire U.S. economy went to the top 1% of income earners. (CBS News)
RM14.5bil new funds raised by PNB this year Aug 20, 2009
8bil in all funds managed by PNB during the past eight months, president and group chief executive Tan Sri Hamad Kama Piah Che Othman told a press conference yesterday to announce Amanah Saham Wawasan 2020 (ASW 2020) income distribution of 6 ... PNB chairman Tun Ahmad Sarji Abdul Hamid (left) and Tan Sri Hamad Kama Piah Che Othman showing the ASW 2020 income distribution of 6. (The Star Online, Malaysia -- Business)
America: land of opportunity no more Aug 18, 2009
ostinmontana wrote on Aug 17, 2009 9:09 AM:" America was the Land of Opportunity 50 years ago. Today our country is in such a different place. A full one-third of American students do not finish high school. In many cities, LESS THAN HALF of students finish high school. (http://www.foxnews.com/story/0,2933,344190,00.html) Those who do graduate high school hardly stack up against other industrialized high schoolers. Our education system is rather a joke, especially given how much we pump into it.... (Montana Standard, MT)
The Global Redistributionist at Obama's Left Hand Aug 6, 2009
"The large gaps between rich and poor that characterize income distribution within and between countries today are incompatible with social stability and with cooperative approaches to achieving environmental sustainability," the authors explain. Table 1-1 lists among the "underlying human frailties" causing the ills of mankind "greed, selfishness, intolerance and shortsightedness." These vices, they say, "collectively have been elevated by conservative political doctrine and practice (above all... (Human Events Online)
PNB: No sales charge for AS 1Malaysia unit shares Aug 4, 2009
For example, Amanah Saham Wawasan 2020 and Amanah Saham Malaysia which are both fixed price equity income fund has provided income distribution of between 6. 25% to 8% in the past five years, which is comparatively higher than the prevailing fixed deposit rate of commercial banks, he said. (The Star Online, Malaysia)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with France Aug 1, 2009
Income distribution (ratio of income received by top and bottom quintiles, 2004): 4. 2. (IMF News)
In Sickness and in Wealth Jul 29, 2009
The single most frequently used measure to gauge income distribution is the , which ranges from zero to one, with zero representing perfect equality (that is, everyone has the same level of income) and one representing perfect inequality (that is, one person has all the income). U.S. Gini Coefficient. (Slate)
Dividend for PRUdana Dinamik unitholders Jul 28, 2009
PETALING JAYA: Prudential Fund Management Bhd has declared an income distribution of 5 ... All unitholders who have maintained their unit holdings as at July 23 will be entitled to this income distribution. (The Star Online, Malaysia -- Business)
Weak Markets and Strong C$ Impact Interfor's 2nd Qtr Results Jul 24, 2009
On January 2, 2009, the Seaboard Limited Partnership declared an income distribution to its partners ... On January 2, 2009, the Seaboard Partnership declared an income distribution to its partners, of which the Company's share of $3,651,000 was received by way of setoff against the promissory note payable to the Seaboard Partnership ... In accordance with equity accounting, the income distribution was recorded as a reduction of the investment in Seaboard. (CCNMatthews Press Releases)
More private capital is needed Jul 24, 2009
Relevant government departments should, without further loss of time, work out viable measures to push forward the country's income distribution reform. The government should further transfer its revenues to public finance. (Xinhuanet, China)
American dream? Jul 23, 2009
But only at the very top of the income distribution is this excessive, and suggestive of nepotism. In the US and the UK on the other hand, where all the signs are that to a similar degree, children end up working for the same employer as their parents, the effect on social mobility is much greater. (BBC News -- Americas)
AmDynamic Bond declares 4 sen dividend Jul 23, 2009
KUALA LUMPUR: AmMutuals AmDynamic Bond has declared a total income distribution of four sen per unit for the financial year ending July 31. This distribution represented a yield of 7. (The Star Online, Malaysia -- Business)
Give-and-take looms over al-Maliki's visit Jul 23, 2009
All attempts at resolution since the U.S.-led invasion in 2003 have failed; the issues have impeded passage of laws regulating Iraq's oil income distribution and threaten to undermine national elections set for January. Click for related content. (MSNBC -- Politics)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the United Kingdom Jul 17, 2009
716; Income distribution (ratio of income received by top and bottom quintiles, 2007): 5. 5. (IMF News)
Americans Are Against the Health Care Proposal Jul 17, 2009
We are not a nation of shadowy figures who plan on the day when thet are "The Man" so that they can erode the country with their misguided theories about the nature of success and income distribution. We are a nation of fighters and dreamers. (Townhall.com)
Keynes is not enough Jul 16, 2009
" Indeed, he was, as Skidelsky notes, "famously skeptical about econometrics," with numbers for him being "simply clues, triggers for the imagination", rather than the expressions of certainties or probabilities of past and future events. With their model of rational homo economicus in tatters and econometrics in disrepute, contemporary economists would do well to pay heed to Keynes' advice that if only "economists could manage to get themselves thought of as humble, competent people on a level... (Asia Times Online)
UOA REIT Q2 net profit soars Jul 16, 2009
In a separate filing, the company said it was making an interim income distribution of 5. 82 sen for the second quarter. (The Star Online, Malaysia)
America's Top Thriftiest Cities Jul 14, 2009
The District of Columbia also has high concentrations at the top and bottom of the income distribution spectrum--with 20 percent of residents below the poverty level--and a smaller middle class. 1. (ABC News)
Study: A Fairer Way to Cut Global CO2 Emissions Jul 7, 2009
Chakravarty and his colleagues crunched total carbon emissions and income distribution from each country to estimate the emissions of individuals in each nation. For example, Australia and France have similar income levels but because Australia uses more carbon-heavy fuels like coal, there are more Australians than French producing high levels of carbon emissions (above 10 metric tons of CO2 a year). (Time.com)
BULL'S EYE: Rolta India, Tata Steel, Max, Cairn India, Aditya Birla Nuvo, Nestle Jul 7, 2009
Indias income distribution pattern is changing, with the deprived population set to decline from 50% of households in 2005 to 18% in 2025, resulting in a whole new consuming class. India has one of the youngest populations in the world, as well as a growing urban population, both of which are conducive to Fth. (India Times)
The food crisis will be back Jul 7, 2009
Economic development and income distribution in highly populated countries such as India, Brazil, China and Indonesia are creating millions of new food consumers. Migration and urbanization is leading to the growth of more mega cities, which is increasing food consumption. (Xinhuanet, China)
Rushing for the Shadowlands by Ghanaians Jul 5, 2009
According to the International Labour Organization, the significance of remittances for international development finance and income distribution which has mushroomed as global remittances have grown to US$167-250 billion annually (ILO,2006: GFMR, 2007 cited in Development (celebrating 50 years); migration and development by Society for Internal Development, Dec, 2007). The importance of remittances to a lot of people in Ghana can be described to have made a case for our youth leaving the shores... (Ghana Web, Ghana)
* New bubbles rising in Chinese property market: state media Jul 4, 2009
Zhou said that because it was so difficult to adjust income distribution to encourage consumption, expanding investment, the key component of the nations 4 trillion yuan (US$585 billion) stimulus package, is the second-best option. He spoke at a conference in Beijing yesterday. (Taipei Times, Taiwan -- World)
Eaton Vance National Municipal Opportunities Trust Announces Exercise of Underwriters' Overallotment Option and Initial Distribution Jun 27, 2009
Eaton Vance also announced an initial monthly income distribution for the Trust of $0. 103334 per common share, payable on July 31, 2009 to shareholders of record as of July 24, 2009. (PR Newswire)
Amanah Saham Didik income distribution at 6.3 sen Jun 25, 2009
Amanah Saham Didik income distribution at 6 ... Amanah Saham Didik income distribution at 6 ... KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB) has announced an income distribution of 6. (The Star Online, Malaysia -- Business)
Health care reform sickening Jun 18, 2009
") How many of the 40 million are without health care insurance all year long? How many of the 40 million have incomes in the top half of the income distribution, but choose to be self insured when it comes to health care, i.e., choose not to purchase health insurance? How many of the 40 million qualify for Medicaid but have chosen not to sign up? How many of the 40 million "Americans" are not U.S. citizens and/or illegal aliens?See... (Logan Herald Journal, UT)
Reasons to back tax reform May 24, 2009
Bronc wrote on May 23, 2009 10:40 AM:" Top income bracket marginal rates have indeed declined. So have rates that apply to middle and lower income brackets. The net result of this and other adjustments is that the proportion of total individual federal income taxes paid by those at the top of the income distribution has increased, while the bottom 40% of income earners now pay NO federal income taxes. See page 4 of the following http://www.cbo.gov/publications/collections/tax/2009/all_tables.pdf... (Logan Herald Journal, UT)
Spare a thought for the rural youth too May 23, 2009
Some factors come readily to mind: the comparatively poor education system in rural areas, unequal opportunity for rural and urban residents, lack of proper flow of information from urban to rural areas, gap in income distribution, erosion of traditional values and a highly competitive job market. Irrespective of whether they like or not, youngsters in rural areas have to compete with their peers in other developing countries. (Xinhuanet, China)
Empathy Versus Law May 22, 2009
Income distribution is an outcome and fairness cannot be determined by outcomes. It's the same with football. (Human Events Online)
Opportunity is big driver for SA's new business owners May 21, 2009
Given the failure of the formal and public sector to absorb the growing number of job seekers, attention has focused on entrepreneurship's potential to add to economic growth, job creation and more equal income distribution. Although small, last year's GEM increase is thus statistically significant and may mark the start of a more positive trend in entrepreneurial activity. (Business Report, South Africa)
Cut deficit and bring on depression May 18, 2009
Because the budget accounts for about a third of gross domestic product and sets expenditure and revenue-raising priorities, it is also the major direct government influence on income distribution and the allocation of resources. This in turn influences the growth in living standards. (Sydney Morning Herald -- Business)
China economy toward a sustainable, healthy development May 16, 2009
Besides, the existing national income distribution pattern should be modified to raise the ratio of people's consumption to the GDP. The fast-paced economic growth of the past three decades has boosted China's wealth accumulation ... To rectify this, an overhaul of the country's wealth distribution mechanism is needed through a series of steps, ranging from increasing laborers' share in the country's primary income distribution, strengthening the country's financial transfer payment and tax cuts... (Xinhuanet, China)
Tiananmen's legacy lingers May 16, 2009
China also has one of the largest rich-poor gaps in the world: official data from 2007 showed China's Gini coefficient, which measures the inequality of income distribution, has surpassed the warning level of 0. 4. (Asia Times Online)
Dead People, Cats Receive Anti-Poverty Funds: Alexandre Marinis May 14, 2009
says the initiative is the largest income distribution program in the world. Its been copied throughout Latin America and some developed nations. (Bloomberg -- Columnists)
7 of 10 women are uninsured or underinsured, or have medical bill, debt, access problems May 11, 2009
Women Across the Income Distribution Are Increasingly Exposed to Rising Health Care Costs. The share of women spending high proportions of their incomes on health care costs and premiums has risen significantly. (EurekAlert! -- Business News)
Inequality worsens in Labour's cruel Britannia May 9, 2009
6 per cent in the three years to 2007-08, while those in the top fifth of the income distribution enjoyed a rise of 3. 3 per cent. As a result, income inequality at the end of Labour's 11th year in power was higher than at any time during the Thatcher prime ministership. (Sydney Morning Herald -- World)
Press Release: IMF Executive Board Approves 12.9 Billion Stand-By Arrangement for Romania May 5, 2009
Per capita GNI (Atlas method, 2005): US $4445; Income distribution (GINI index, 2000): 30. 3; Poverty rate (2005): 13 p.c.. (IMF News)
Geithner is part of the problem May 3, 2009
The result was a Clinton bubble, which saw the rise of a new super-rich class that vastly skewed income distribution in favor of what was termed the working rich by Emmanuel Saez, who deservedly just won the top prize for young economists, the American Economic Association s John Bates Clark Medal. Members of the working rich are well represented in the top 1 percent of income earners, who, according to a study by Saez, captured about half of the overall economic growth over the period... (Paragould Daily Press, AR)
Blessings of a divided government May 1, 2009
But the state's revenues, which were highly dependent on investment returns and earnings at the top of the income distribution, have fallen off a cliff. Since the state government can't really borrow to pay for current operating expenses, political leaders are stuck between the Scylla of raising taxes and the Charybdis of cutting schools and healthcare. (Boston Globe)
OBAMA'S 100 DAYS: MODELING ROOSEVELT Apr 29, 2009
Tax cuts for capital, a commitment to lower income taxes, assurances that property rights matter as much as income distribution -- these would create an environment in which new businesses might start and old ones revive. But such concepts are not yet welcome in the presidential salon. (New York Post -- Opinions)
Wall Street Boomer Bows Out in Banking Shakeout That Brought Vermont Beard Apr 28, 2009
His thesis was on income distribution and savings rates in Colombia. He spent several weeks in that country researching its social structure. (Bloomberg)
Obama didn’t cause crisis Apr 20, 2009
Beth wrote on Apr 19, 2009 11:01 AM:" Marie, Your statement that federal tax policy changes implemented during the Reagan administration resulted in a shift in federal tax burden away from folks at the top of the income distribution to those in the middle is inconsistent with the facts. I'm including links to tables from the Congressional Budget Office covering the period 1979-2006. The first table in the first link shows the share of total federal taxes (individual income taxes, excise taxes,... (Logan Herald Journal, UT)
China sets executive pay limits for state-owned financial institutions Apr 10, 2009
The rule would enhance equal income distribution and push forward reform in pay mechanism, according to the ministry. The circular said it was in line with the current domestic and international situation for executives at some state-owned financial institutions to voluntarily cut their pay despite their companies posted rising profits. (Xinhuanet, China)
Time for another “tea party” Apr 8, 2009
www wrote on Apr 8, 2009 12:26 AM:" Stephen, if you think your taxes will decrease under Obama, you're delusional. I don't care that he said anyone making less than $X will see his taxes decline. Taxes will have to go up on everyone but the bottom half of the income distribution if all the programs he promises are to be funded. Since you earn more than the median, you're going to get hit with a tax hike. ". DD wrote on Apr 8, 2009 2:49 AM:" Maybe not for me or you, but to about 30 percent of the... (Logan Herald Journal, UT)
Future flushed down sewer Apr 4, 2009
Currently, approximately the lower 40% of the income distribution pays NO federal income taxes. Under Obama's proposal, this would change to approximately the lower 50% of the income distribution would pay NO federal income taxes ... A major problem in exempting the bottom half of the income distribution from income taxes is that these folks are likely to favor increased government spending for all kinds of programs, since they will not have to help pay for these programs. (Logan Herald Journal, UT)
How the tax burden has changed since 1960 Apr 3, 2009
Treasury relies less on excise, corporate taxes, more on high-income people. A year ago on the April 15 filing deadline, taxpayers stood in line to mail their tax returns at the James A. Farley Main Post Office in midtown Manhattan. (MSNBC -- Politics)
