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...
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 w...
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 ...
With cars increasing drastically in the past few years, severe traffic jams occur not only in rush hours but at any time of the day now. Others, however, aie strongly against the limitations. They argue that the great number of official cars,which are frequently used, is a big factor ...
Cashmere is a type of wool that is made from the hair of a certain type of goat native to the Gobi Desert and Central Asia. Long considered to be one of the softest and most luxurious types of wool in existence, cashmere is highly prized as a material for sweaters, scarves, and other...
Fig. 2. US data showing plots of cancer incidence across the fifty states and the District of Columbia as a function of median income or percent of households below the poverty level. The data show that in the US cancer is not a disease of the wealthy, but a disease of Americans. Media...
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 ...
Many first world countries have certain demographics that are in extreme poverty, which is more representative of developing countries; other countries with third world status are quite prosperous. Understanding the First World Examples of first world countries include the United States, Canada, Australia...
Human-induced climate change is one of the biggest social, environmental and public health challenges we face in this century [1]. Groups such as children, the elderly and people with low socioeconomic status are particularly vulnerable to the effects resulting from such change [2]. Climate chan...