American businessman Philip Falcone is a true rags-to-riches story. Escaping from a tiny poverty-stricken iron-ore mining town in northern Minnesota he went on to founding a New York-based successful private investment firm Harbinger Capital.
Philip Falcone was born into a poverty striken home in Chisholm, Minnesota. He had a thing for hockey and even recieved a scholarship to Havard to play professionally in Sweden but due to serious knee injury, his career as a hockey player had came to an end. He then moved on and started working as a junior junk-bond trader on Wall Street. It was there he decided to focus on earning money. Since then, with all his hardwork, he is now a billionaire. This tells us that coming from a poor family doesnt mean that you'll be poor for the rest of your life. Hardwork is one of the the soultions to poverty.
When Gregory Wade left Research In Motion’s Asia Pacific headquarters here last fall, the logical thing to do might have been to pack up his family and head home to his native shore of British Columbia.
Instead, the eight-year expat joined an equity firm and continued preaching the economic miracle of Singapore, coaching Canadian firms looking to set up shop in the region as a vice-president for The Canadian Chamber of Commerce in Singapore.
“You will sense a vibe of growth, of energy, a sense of entrepreneurship and the desire and interest to create new and innovative products and services,” said Mr. Wade, who is now managing director of mobility at InflexionPoint Acquisition Corp. “I didn’t get that same vibe in Canada, regardless of locale.”
For a city-state with no resources, limited land and a small population, creating the explosive growth and development of the past half-century has meant running it like a corporation – using highly trained, highly paid leaders, inviting the world’s best and brightest to its work force with an open-door policy, and with a near-zero tolerance for dissent among the masses.
The result is a planned, modern economy with efficient public services, an educated population and a per-capita share of gross domestic product of more than $60,000 (U.S.), the highest in Southeast Asia. Singapore ranks No. 2 on the World Economic Forum’s global competitiveness rankings.
Today, as Singapore nears the 50th anniversary of its independence, the original economic miracle is slowing. Hit hard by the Asian financial crisis, the dot-com bust, the outbreak of SARS in 2003 and then global recession in 2008, the city-state is at an economic turning point.
From this article i can see that singapore's economy has raised over this past 50 years. Eventhough things may have been slowing down, Singapore still receives offers. The reason Singapore is slowing down is because since Singapore is such a small country, the amount of natural resources we have here is very limited. Despite the limited and small space, Singapore is not affected as there are still people who wants to work and start businesses here. This shows that Singapore has done a good job making itself known to the world, and has already found itself a space.
The Labour leader Ed Miliband today called for an overhaul of housing and employment policy – and a concerted drive to teach English to recent immigrants – in an effort to improve integration and reduce the strains of a multi-ethnic society.
He admitted that the last Government made serious mistakes over immigration, underestimating the capacity of some communities to adapt to new arrivals. He also conceded that it had blundered by adopting an open-doors policy for new arrivals from the East European countries that joined the EU in 2004.
Under his proposals, Labour would expect migrants to learn English, tackle landlords who cram newcomers into overcrowded houses and ban recruitment agencies from seeking workers only from particular countries or ethnic groups...
Ed Millband is trying to create a community where everyone is treated equally.A good way would be to encourage immigrants to speak a common language, English, as it will be easier to communicate. In this case, nobody would have problems trying to understand one another.To me, i think to live in a multi-ethnic society, it is important that people agree on the same thing, preventing any conflicts.
From this article, we can very easily see that education is also a factor of poverty. Many people out there who doesn't have the opportuinity to attend school, are dying to go. However, due to the fact that they are not able to afford the school fees, they aren't able to attend school. To me, this is very unfair. It is a good thing that SRA are helping the poor, giving everyone a chance. I think people should learn more from there, having the passion to help and serve others.
Annual food survey shows that households are ditching fresh, healthy foods and 'trading down' to counter rising prices
The UK's poorest households are being disproportionately hit by the impact of soaring food prices, according to new government figures that also show the consumption of every major nutrient has fallen in the last four years.
In order to cut costs since 2007, UK households have bought less bread, lamb, beef, fish, fruit, vegetables, potatoes and alcoholic drinks – but more bacon.
The government's annual Family Food survey, which provides the most detailed annual snapshot of food and drink spending and consumption, found that weekly spending per person on all household food in 2011 was £27.99, an increase of 1.5% on the previous year. But because of price rises, that bought less food - 4.2% less in 2011 than in 2007.
After reading this article, i'm suprised at how the prices for nutrional foods are continually increasing, whereas not for meats. The government should cut down the prices of nutrional food, so that even the poor would be able to afford. Food, is an element of poverty, the poor ususally go for unhealthy food because they are cheaper, resulting in either health problems or obesity. Hopefully, the government will do something about this.
From this aritcle, i can see that having the correct attitude helps in making a difference in the way we think, do things and how we view things. Having a positive attitude is good, this way it brings you further and gives you the ability to do great things. We control our thoughts, hence it is important to do have the correct attitude towards things.
Individuals from stigmatized groups choose to present themselves in ways that counteract the specific stereotypes and prejudices associated with their group, according to a new study published in Psychological Science, a journal of the Association for Psychological Science.
“People often think of prejudice as a simple, single phenomenon — general dislike for members of other groups — but recent research suggests that there are actually multiple, distinct types of prejudice,” says graduate student Rebecca Neel, who conducted the research with her advisor Steven Neuberg and post-doctoral scholar Samantha Neufeld at Arizona State University.
There are many different types of prejudices. Some of which could be things like being of a different race, culture and sharing different religious beliefs. It could also be prejudice like being against people who are not as thin compared to them. I personally think that it is not necessary to judge or look down on people. We should all learn to accept one another for who we are and know that doing such things doesn't bring any good to others, all it does is bring them down and we never what they may end up doing.
BANGKOK (TrustLaw) – Women workers in Asia face the risk of “persistent vulnerability, poverty and exploitation” despite a recovering economy and their huge potential due to prejudice, according to a report by the International Labour Organisation and Asian Development Bank. A large majority of women here are stuck in lower-end, lower-pay jobs in vulnerable, informal and insecure sectors with little social protection and at the lowest rung of the global supply chain, it said. While progress has been made in past decades addressing gender inequalities, “discrimination against women remains pervasive throughout the labour markets of the region,” Women and labour markets in Asia: Rebalancing Gender Equality said. According to the report, the Asia Pacific region is losing $24 billion to $47 billion annually because of women’s limited access to employment opportunities and another $16 billion to $30 billion as a result of gender gaps in education. Also listen to the following radio broadcast on Radio Australia http://www.radioaustralia.net.au/connectasia/stories/201104/s3203663.htm
To me, i think everyone should be treated equally, not acorrding to their gender. Females should not be treated with lesser respect then the males, and always being ranked one of the lowest in everything, such as work. This all boils down to one of the factors of poverty, education. If you have education, it would be easier for you to find jobs. The government should take action, they should give everybody a chance to prove themselves and let them strive to their fullest potential.
This article shocked me. It has never crossed my mind that mental health and poverty would somehow be related to each other. Poverty to me was always just being poor, without a home and a shelter. However, it isn't this way.This seems to me as one of the most terrible factor of poverty. It is saddening to know that the poor are already so pitiful, hence being diagnose with mental illness would make things even worse. I really hope everyone, especially the government will play a part in making this world a better place to be in, where there won't be so much people out there suffering from all sort of stuffs.
This article was a reminder to me that we should be appreciative of what we have. It made me realise the importance of water. Water, is an element of poverty, we all need it to survive, it is part of us daily life. It is also important for us to have clean water. Without it, we will not be able to accomplish many things, such as bathing and watering plants. Therefore, the poor has to travel a long distance to get clean water, which will waste a lot of their time.
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