While non-discretionary expenses are considered mandatory—housing,taxes,debt, and groceries—discretionary expenses are any costs incurred above and beyond what is deemed necessary. These are generally considered wants, while non-discretionary expenses are usually referred to as needs. As such, discretio...
Almost all companies recognize the importance of innovation today.(5)But not many are able to integrate innovation into their business. A commentary in the Shanghai Daily points out that innovation doesn’t mean piles of documents. It is something more practical. (6)The article says many people...
Bartering:Barteringinvolves an exchange of goods and services rather than cash. So if you fix the electrical system in someone's home and they pay you with a similar service (like fixing your plumbing) rather than cash, the value of that service is considered taxable income.16 ...
When the state of Israel was established in 1948, more than 100,000 Palestinian refugees fled to Lebanon. UNRWA, the United Nations aid agency for Palestinians,saysthere are currently between 200,000 and 250,000 Palestinian refugees living in Lebanon, many of whom it says live in poverty due ...
Without considerations of safety, sustainability and socio-economic efficiency, it is hard to see meaningful development of the entire system, especially because these externalities are considered in any standard transport investment cost-benefit analysis. Therefore, the perspective of the public ...
Organdy is considered to have the most crispness of any type of cotton fabric. It is both thinner and more transparent than lawn cloth, and it has a remarkably crisp hand. 4. Nainsook Rather than being a fabric of its own, nainsook is a subtype of lawn cloth. When textile producers ma...
provided by the same public, especially when the units of the goods and services that are needed cannot be provided in equal shares by all members of the population, but where it is nevertheless considered desirable that the rule for provision be just, and that everyone contribute a fair ...
NEW YORK (AP) — President Joe Biden said Wednesday that many Americans can have up to $10,000 in federal student loan debt forgiven. That amount increases to $20,000 if they qualified for Pell grants...
Perhaps the most interesting part of the Pew report was its finding that the middle class is shrinking, not only because of greater poverty but also because more people are rich. The percentage of lowest-income earners—those earning less than two-thirds of the median income—had grown four ...
Poverty is considered to be a result of market failure. When arecessionhits, the poverty rate increases because employees lose their jobs or lose working hours, which results in no income or less income. Inequality, which is a component of market failure, can eventually lead to poverty when ...