Subprime loans did not become a significant part of the mortgage market until the 1990s. They were just 8% of the market in 2002….However, subprime mortgages did rise to about 20% of new home loans by 2006. How many of these were the result of predatory practices?
Most employers are having trouble filling job openings these days. The economy’s just too hot. But labor shortages have existed in some occupations for years - even during the Great Recession and its immediate aftermath. Consider…
There are Job-Jobs and then there are Career-Jobs. If you’re trying to decide on a Career-Job, chances are you’ve looked into typical wages of various occupations. Problem is, “typical” is a pretty meaningless term. Websites will likely steer you to “median” wages , meaning the midpoint of the wage distribution, i.e., half the job holders earn less, half earn more. But if you’re truly looking for a career - by which I mean an occupation you want to hold at least ten years - then you have to look at the whole pay range.
To simplify a whole lot, there are two schools of thought about why people do what they do. One is that people can’t help it because behavior is an outcome of things that they have no control over, like culture, childhood trauma…The other school of thought says behavior is always “on-purpose”. In other words, behavior is goal-directed - by definition. We therefore choose what we do according to the perceived payoff: what we’re trying to achieve or avoid.
The Headline: Friendly policies keep US oil and coal afloat far more than we thought: Most energy subsidies go not to renewables but to producing more of the dirty stuff by David Roberts/Vox Jul 26, 2018
But uncertainty doesn’t mean to wait and do nothing until the future is clear. Uncertainty means you move forward and make adjustments as the future reveals itself. Which means you want to avoid doing things that reduce the scope of action later on.
“…climate-ready, ecosystem-based fisheries management can help reduce the impacts of some anticipated changes and increase resilience under changing conditions. There is now a national strategy for integrating climate information into fishery decision-making…”
…Natural and nature-based infrastructure projects such as the Colley Bay living shoreline have improved water quality, mitigated erosion, and restored habitats. Additional planned projects include constructing berms, reclaiming filled waterways and wetlands, and raising roads and structures.
In that spirit, the remainder of this series will consist of brief excerpts from NCA4-II on existing or proposed adaptations to the effects of climate change. Without further ado…
Per Climate Action Tracker (CAT), current US emission trends are actually within “striking distance” of the initial Paris Agreement targets for 2020 and 2025, despite Trump’s rhetoric and the US not even being a signatory to the Agreement. This unexpected progress is thanks to “subnational” and nongovernmental actors, such as states, cities, businesses, nonprofits and others. Yes, it would be great if the federal government were on board. And, yes, we need to do a lot more…
Of course, few people want to settle for a low-wage job. So what’s a non-college graduate to do? One thing is to complete a certificate job training program, which can almost double the earning potential of individuals without a high school diploma. Check it out:…
I have noticed these differences in the manner of veterinarians and physicians for years. Why the difference? Is it a matter of workload and stress? Status and power? How much can’t be helped and how much is a choice? How much is related to different incentives and payment systems?
Another way of putting this: focus on the process and uncertainty spurs you on; focus on the outcome and uncertainty makes you stumble.
Another theme in this report is that mitigation and adaptation efforts often yield near-term benefits unrelated to their value in reducing risks associated with climate change. Drought-resistant crops help poor farmers now. Increased energy efficiency makes business sense now. Coastal marsh restoration protects against flooding now. Even climate change skeptics could appreciate these co-benefits.
The Fourth National Climate Assessment (NCA4) focuses on the observed and projected impacts of climate change in the US, with special consideration given to risk reduction. Although the report is around 1600 pages long and would thus take some time to read, news media outlets were quick to react to the report’s release. CNN, in particular, was on it…
The FBI released its 2017 Hate Crime Statistics report a couple days ago. The report was covered by a bunch of news outlets, but the stories were mostly a rehash of the FBI’s relatively short press release. Few reporters dived into the detailed data tables that accompanied the report. I found none that compared the 2017 data to the previous year’s numbers. But I did.
To be pragmatic doesn’t mean one is shallow or selfish, lacking compassion or ideals. Pragmatists may be motivated by a strong sense of right and wrong, but they’re likely to keep their emotions in check in the service of whatever moral good they’re trying to achieve. That’s because strong emotion can make us stupid and short-sighted.
And yet in some other countries, for-profit schools and prisons are considered an improvement on their government-run counterparts. For-profit schools are doing wonders for poor children in India and Nigeria and for-profit prisons are widely accepted and praised in Australia.
The rationale for the proposed $450 billion home ownership program is that home equity is an important source of “iterative wealth building”, especially the use of home equity loans to build businesses and put the kids through college. Current disparities in wealth could therefore be reduced if more people owned homes. But does home equity actually play a significant or essential role in financing business or college educations in America?
The basic idea is that home owners are able to leverage their home equity to move up the economic ladder. Thus, the rationale for the Act is to right historical wrongs through a massive home ownership program to promote economic mobility within previously discriminated communities; hence the name, “American Housing and Economic Mobility Act”. Sounds good but would it work?