Berkeley CSUA MOTD:Entry 39348
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/04/03 [General] UID:1000 Activity:popular
4/3     

2005/8/30-31 [Finance/Investment, Finance/Banking] UID:39348 Activity:low
8/30    http://news.yahoo.com/s/ap/20050830/ap_on_go_ca_st_pe/census_poverty
        Poverty level in the US rises to 12.7 percent. Luckily, the wealthiest
        people in the US are also one of the most generous in the world.
        I'm sure they'll start building more art museums and donating
        expensive softwares to enrich everyone's lives.
        \_ It is important that someone uses all those old copies of Office.
           \_ Microsoft is the leader in this regard -- donating its own
              software to settle the antitrust lawsuit.
              software to settle the antitrust lawsuit.  I wonder if it doesn't
              even bother burning CDs and just offer free downloads which costs
              it next to nothing.
              software to settle the antitrust lawsuit.  I wonder if they don't
              even bother to burn CDs and just offer free downloads which costs
              them next to nothing.
        \_ And yet the news of the jobless claims going down doesn't get
           reported.
           \_ Eliminate unemployment compensation entirely and the jobless
              claims will drop to zero!  How could such such an awesome idea
              to fix the economy have escaped the republicans thus far?
           \_ I see reports of it all the time. What are you reading that
              you don't see it? It is in the business section, granted....
        \_ Wal-Mart Stores said it would donate $1 million to the Salvation
           Army for relief assistance such as meals for victims and emergency
           and rescue personnel. See? They're generous.
                                      \_ *pshaw*  Only to people that don't
                                         work for them.
        \_ Someone clue me in on what I'm missing:
           "The number of people without health insurance coverage grew from
           45 million to 45.8 million last year, but the number of people
           with health insurance grew by 2 million."
           Is it that there are 2.8 million births?  -mrauser
           \_ Dependants relying on parents'/spouses' coverage, maybe?
           \_ Immigrants.
Cache (2523 bytes)
news.yahoo.com/s/ap/20050830/ap_on_go_ca_st_pe/census_poverty
Click Here The percentage of people without health insurance did not change. Overall, there were 37 million people living in poverty, up 11 million p eople from 2003. Asians were the only ethnic group to show a decline in poverty from 11. The number of people without health insurance grew from 45 million to 45. At the same time, the number of people with health insurance coverage grew by 2 million last year. Charles Nelson, an assistant division chief at the Census Bureau, said th e percentage of uninsured remained steady because of an "increase in gov ernment coverage, notably Medicaid and the state children's health insur ance program, that offset a decline in employment-based coverage." The median household income, meanwhile, stood at $44,389, unchanged from 2003. Among racial and ethnic groups blacks had the lowest median income and Asians the highest. Median income refers to the point at which half of households earn more and half earn less. Regionally, income declined only in the Midwest, down 28 percent to $44, 657. The South was the poorest region and the Northeast and the West had the highest median incomes. The increase in poverty came despite strong economic growth, which helped create 22 million jobs last year. "I guess what happened last year was kind of similar to what happened in the early 1990s where you had a recession that was officially over and t hen you had several years after that of rising poverty," Nelson said. They don't re flect any improvements in the economy in 2005." Tim Smeeding, an economics professor at the Maxwell School of Syracuse Un iversity, says the nation has experienced a shift from earnings income t o capital income and capital gains, which aren't reflected in the Census Bureau's latest numbers. "Most of that growth in the economy over the last couple of years has gon e to higher income people and has taken the form of capital income int erest, rents, dividends," Smeeding said. The poverty threshold differs by the size and makeup of a household. For instance, a family of four with two children was considered living in po verty if income was $19,157 or less. The estimates on poverty, uninsured and income are based on supplements t o the bureau's Current Population Survey, and are conducted over three m onths, beginning in February, at about 100,000 households nationwide. The informati on contained in the AP News report may not be published, broadcast, rewr itten or redistributed without the prior written authority of The Associ ated Press.