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STUDY: A Rise In The Minimum Wage Would Slam Teenage Employment

STUDY: A Rise In The Minimum Wage Would Slam Teenage Employment | vaccines scarcity | Scoop.it
The flip side.

President Obama has argued for the implementation of a $9.00 per hour minimum wage, an increase from the current $7.25 rate. 

While a rate that high isn't unprecedented when considered in nominal U.S. dollars, and the United States does have a lower minimum wage than many similar nations, a major question remains with regards to how the implementation could hurt or help workers. 

Theoretically, a rise in the minimum wage would increase the cost of labor and would create a labor surplus. 

Here, a rise in the minimum wage from Wc to Wm would lead to a decrease in employment from Ec to Em. That's the theory. 
http://www.downsizinggovernment.org/labor/negative-effects-minimum-wage-laws

There is, however, evidence that teenagers could be adversely impacted by the wage increase. 

From a June 2012 Cato Institute policy analysis by former Department of Labor deputy assistant secretary Mark Wilson a rise in the minimum wage coincides historically with a decrease in the rate of teenage employment


Read more: http://www.businessinsider.com/rise-in-the-minimum-wage-teenagers-hurt-2013-2#ixzz2KwmQ4wTe


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Meet The Dread Pirate Roberts, The Man Behind Booming Black Market Drug Website Silk Road | Forbes.com

Meet The Dread Pirate Roberts, The Man Behind Booming Black Market Drug Website Silk Road | Forbes.com | vaccines scarcity | Scoop.it

An entrepreneur as professionally careful as the Dread Pirate Roberts doesn’t trust instant messaging services. Forget phones or Skype. At one point during our eight-month preinterview courtship, I offer to meet him at an undisclosed location outside the United States. “Meeting in person is out of the question,” he says. “I don’t meet in person even with my closest advisors.” When I ask for his name and nationality, he’s so spooked that he refuses to answer any other questions and we lose contact for a month.

 

All my communications with Roberts are routed exclusively through the messaging system and forums of the website he owns and manages, the Silk Road. Accessing the site requires running the anonymity software Tor, which encrypts Web traffic and triple-bounces it among thousands of computers around the world. Like a long, blindfolded ride in the back of some guerrilla leader’s van, Tor is designed to prevent me–and anyone else–from tracking the location of Silk Road’s servers or the Dread Pirate Roberts himself. “The highest levels of government are hunting me,” says Roberts. “I can’t take any chances.”

 

If Roberts is paranoid, it’s because very powerful people really are out to get him. In the last two and a half years Silk Road has grown into the Web’s busiest bazaar for heroin, methamphetamines, crack, cocaine, LSD, ecstasy and enough strains of marijuana to put an Amsterdam coffee shop to shame. The Drug Enforcement Agency won’t comment on whether it’s investigating Silk Road but wrote in a statement that it’s aware of the site and is “very proactive in keeping abreast” of the digital underground’s “ever-evolving technological advancements.” Senator Chuck Schumer has demanded Silk Road be shut down and called it “the most brazen attempt to peddle drugs online that we have ever seen … by light-years.”

 

Anyone can download and run Tor, exchange some dollars or euros for the digital currency Bitcoin and go shopping on Silk Road for drugs that are vacuum-sealed and discreetly mailed via the U.S. Postal Service, right under the federal government’s nose. By the measure of Carnegie Mellon researcher Nicolas Christin, Roberts’ eBay-like service was grossing $1.2 million a month in the first half of 2012. Since then the site has doubled its product listings, and revenue now hits an annual run-rate of $30 million to $45 million by FORBES’ estimate. One analysis of the Tor network performed by a student at Dublin’s Trinity College found that Silk Road received around 60,000 visits a day, mostly users seeking to buy or sell drugs, along with other illicit items including unregulated cigarettes and forged documents. Silk Road takes a commission on all of its sales, starting at 10% and scaling down for larger transactions. Given that those commissions are collected in Bitcoins, which have appreciated close to 200-fold against the dollar since Silk Road launched in 2011, the Dread Pirate Roberts and any other stakeholders in Silk Road have likely amassed millions in profits.

 

Despite the giant DEA crosshairs painted on his back and growing signs that the feds are probing the so-called “dark Web” that Silk Road and other black market sites inhabit, Roberts spoke with FORBES in his first-ever extended public interview for a reason: As with physical drug dealing, a turf war has emerged. Competitors, namely a newly launched site called Atlantis with a real marketing budget and a CEO with far less regard for his privacy, are stealing Roberts’ spotlight.

 

Click headline to read more--


Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
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Who’s Behind the Fast Food Strikes? Working Women.

Who’s Behind the Fast Food Strikes? Working Women. | vaccines scarcity | Scoop.it
Putting the "labor" back in Labor Day, fast food workers across the country have gone on strike, demanding better wages and calling for the minimum wage to be raised from $7.25 an hour to $15 an hour.
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Guns Over Butter: The Military-Industrial Complex and the Destruction of the U.S. Economy | Global Research

Guns Over Butter: The Military-Industrial Complex and the Destruction of the U.S. Economy | Global Research | vaccines scarcity | Scoop.it

The American political system continues to ignore President Eisenhower’s dour warning about the Military-Industrial Complex and embrace President Reagan’s happy “We’re No. 1” illusions. The long-term consequences of this choice have been devastating to most U.S. citizens and to the world.


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Choice between guns and butter

Choice between guns and butter | vaccines scarcity | Scoop.it
Choice between guns and butter
By M.A.Sumanthiran-2013-07-07 When it comes to public goods like the common defence and market efficiency, every State has a choice. According to the infamous analogy,...

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Why Genetically Modifying Food Is (Not?) A Bad Idea - Forbes (2013)

Why Genetically Modifying Food Is (Not?) A Bad Idea - Forbes (2013) | vaccines scarcity | Scoop.it

Comment: I did research on Golden Rice and other micronutrient interventions and I was also curious about the potential of kitchen gardens. Unfortunately I didn’t find any information on their cost-effectiveness...

 

There is no doubt that kitchen gardens are possible, and there is also data that suggests that they do improve nutritional status, i.e. they “work”, but are they really “low-cost”? Can they be scaled up?! Thinking of big countries with millions and millions of undernourished people like India and Bangladesh, or also Indonesia: What are the costs for reaching out to all those people to teach them about kitchen gardens? What are the costs to train the extension specialists? How long will it take to introduce kitchen gardens everywhere? Where do people get the seeds, where the water, how can they protect their gardens from pests? And also very important: What are the opportunity costs for those people? During the time they tend the garden they could (try to) earn money elsewhere, or they could do their homework (if they are children), etc. ... 

 

With a limited budget, you could indeed help more people if you spent that money on interventions such as Golden Rice, supplementation or fortification... In a world of limited resources... to do as much good as possible, a promising and potentially very cost-effective solution such as Golden Rice should not be discarded (or the work on it even destroyed)... 

 

Finally eating real carrots and eating Golden Rice are not and should not be mutually exclusive! If the message is simply “Eat orange!”, as it is put out by some NGOs, then people will eat carrots and mangos when they can afford it, but if they are out of season or if their money is not enough to buy fruit & veggies regularly, buying Golden Rice will still be a good option – and people will be free and empowered to decide if they want to do so or not: It will be pretty obvious what is Golden Rice and what not… 

 

Buy all means, bring out the message that people should try to cultivate a few veggies if they can, promote the consumption of carrots, but also let people know that if they do not get enough fruit & veggies one way or the other, and if the vitamin A supplementation programme has not reached their kids, then Golden Rice is a better fall-back option to ensure their kids are less susceptible to vitamin A deficiency and all the related adverse health outcomes than to eat conventional rice... 


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Alexander J. Stein's curator insight, August 26, 2013 11:15 PM

... In the end it may well be that the biggest contribution of Golden Rice is that of a catalyst: It focused attention on micronutrient malnutrition and encouraged more research - whether to determine the potential of Golden Rice or to show the viability of alternative interventions. That additional attention and the knowledge generated in its wake hopefully will do a lot of good and allow more rapid progress in the fight against undernutrition, irrespective of whatever happens with Golden Rice....

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UNITED STATES: Shrimp shortage leads to record prices

UNITED STATES: Shrimp shortage leads to record prices | vaccines scarcity | Scoop.it

You may have to skimp on the shrimp this summer.

 

Shrimp prices are skyrocketing to all-time highs, amid a disease that's plaguing the three largest prawn producers: Thailand, China and Vietnam. White shrimp prices are nearing $6 a pound, up 56% from a year ago, according to an Urner Barry index.

 

 

Interestingly though, the Cadillac of crustaceans is cheaper than it's been in a long time. Lobster prices, while still a lot higher than shrimp, have fallen recently. But more about that later.

 

The world is facing an "acute shrimp shortage," the worst of its kind since industrial shrimp farming emerged, say Rabobank analysts in a report aptly named "Shrimp in a crimp."

 

Thailand is the world's largest shrimp producer and has been hit hardest by the disease. The country alone supplies about 30% of the tropical shrimp in the United States and the European Union, and is expected to see its supply cut in half this year.

 

Related: How access to fresh food divides Americans (http://features.blogs.fortune.cnn.com/2013/08/15/two-americas-food-deserts/)

 

Each year Americans eat an average of four pounds of shrimp per person, but consumption will probably drop in 2013, the Rabobank analysts say.

 

"After a decade of explosive growth, the global farmed shrimp industry has reached a turning point," they said.

 

Back in June, Darden Restaurants (DRI, Fortune 500), the parent company of Red Lobster, Olive Garden and other chains, noted higher food costs partly due to "shrimp supply disruptions" could cut into future sales. Seafood alone accounts for about a quarter of Darden's total cost of goods sold, of which shrimp is the most popular protein.

 

Related: Jumbo shrimp pizza and green tea Oreos are big in China (http://money.cnn.com/gallery/magazines/fortune/2013/06/06/china-foods.fortune/index.html)

 

And the disease isn't the only thing pushing shrimp prices higher. In other news on the shrimp beat, the Commerce Department ruled Tuesday that China, Ecuador, India, Malaysia and Vietnam have all unfairly subsidized shrimp that's exported to the United States.

 

The ruling could lead the U.S. to enact duties on shrimp from some of those countries, leading to even higher shrimp prices.

 

It was welcomed by shrimpers in the Gulf Coast, who suffered setbacks from the BP oil spill three years ago and now struggle to compete with cheap shrimp farmed in Asia. American suppliers account for less than 10% of the shrimp consumed in the U.S.

 

Why lobster is so cheap

 

But back to lobsters. As of August, the average 4 oz. lobster tail cost $13.25, according to Urner Barry. That still costs more than 2 pounds of shrimp, but it's the lowest price in 11 years, as warmer water and fewer predators have led to an abundant supply of lobsters.

 

In fact, over-supply has become such a problem for Maine fisherman, the state recently approved a $2 million campaign to promote their lobsters both in the U.S. and abroad.

 

 

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10 Farm Subsidy Recipients Who Voted to Cut Food Stamps | Alternative

10 Farm Subsidy Recipients Who Voted to Cut Food Stamps | Alternative | vaccines scarcity | Scoop.it
September 20, 2013 | Like this article?
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Stay up to date with the latest headlines via email. The House GOP believes in welfare – just not the kind that goes to help the poor, sick, students, elderly or working class.

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Doingtime2's curator insight, September 22, 2013 11:34 AM

Included among the members of Congress who voted to cut SNAP benefits are these members of Congress who received subsidies through the farm bill in 2012. The only recipient of farm subsidies in 2012 who voted against the benefit cut was Rep. David Valadao (R-Calif.), co-owner with his wife of Triple V Dairy Farm. Figures are from the Environmental Working Group Farm Subsidy Database.

Rep. Robert Aderholt (R-Ala.). His wife, Caroline Aderholt, is a 6.3 percent owner of McDonald Farms according to 2008 ownership records. McDonald Farms received $66,891 in direct payment farm subsidies in 2012. She also personally received a $345 direct payment in 2012.Rep. Stephen Fincher (R-Tenn.). He and his wife Lynn Fincher are each 50 percent partners inStephen & Lynn Fincher Farms. They received a $70,574 direct payment farm subsidy in 2012.Rep. Vicky Hartzler (R-Mo.). A trust named Lowell and Viky Hartzler Family Revocable Trust is listed as a 98 percent owner of Hartzler Farms, which received $697 in direct payment/ACRE and $686 for the Conservation Reserve Program for a total of $1,383 in 2012.Rep. John Kline (R-Minn.). His wife, Vicky Sheldon Kline, is listed as a 20 percent owner of Sheldon Family Farms LP, which received a $3,025 conservation reserve program payment in 2012. EWG’s estimate of the conservation reserve program payments Ms. Kline received is $605 for 2012.Rep. Doug LaMalfa (R-Calf.). He and his wife Jill LaMalfa are each 16.67 percent partners (combined share totals 33.33%) of DSL Lamalfa Family Partnership, which received $188,570 in direct payments for 2012.Rep. Frank Lucas (R-Okla.). His wife Lynda Lucas received $14,584 in disaster payments in 2012.Rep. Randy Neugebauer (R-Texas). He received a 2012 direct payment of $339.Rep. Kristi Noem (R- S.D.). She received $1,400 in direct payments in 2012. Through 2008, USDA listed Rep. Noem as a 16.9 percent partner in Racota Valley Ranch.Rep. Marlin Stutzman (R-Ind.). He received a 2012 direct payment of $6,654.Rep. Mac Thornberry (R-Texas). He is a one-third owner of Thornberry Brothers, which received a $5,103 direct payment and $4,078 in disaster aid payments in 2012. EWG’s estimate of the farm subsidy benefits Thornberry received is $3,060 in 2012.
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Hundreds of business, engineering institutions closes

Hundreds of business, engineering institutions closes | vaccines scarcity | Scoop.it

Lack of quality teaching, absence of industry collaborations, a slowing economic growth rate and excess supply have forced the closure of hundreds of management and engineering institutions in India over the past few years, an industry study has revealed. (...) - University World New, by Alya Mishra, 23 February 2013 Issue No:260


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More Drilling Won't Lower Gas Prices

More Drilling Won't Lower Gas Prices | vaccines scarcity | Scoop.it

In an introductory economics class, the first thing the teacher sketches out on the blackboard is a strikingly simplistic graph: two curves making a swooping “X” between the two axes—the economic model of supply and demand. The basic underlying principle is simple: The point at which the supply curve and the demand curve meet will determine the price of the commodity. Increasing supply when demand remains constant will cause prices to fall.

 

This fundamental concept is widely understood by anyone who has sat through those Econ 101 lectures, and anyone who’s ever noticed a parking lot near a major sports venue jack up its prices on game day can easily relate. The concept is also the driving force behind the 2012 conservative reincarnation of Michael Steele and Sarah Palin’s favorite 2008 campaign slogan: “drill, baby, drill.”

 

If the solution were so simple, then the problem of rising gasoline prices wouldn’t exist—we’re already drilling like crazy in the United States. And yet prices have continued to spike. As my colleague Daniel J. Weiss explains, the reasons for the recent price increase are myriad and include political instability in the Persian Gulf, the influence of financial speculators, and increasing worldwide demand as economies recover.


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How Do We Make Energy Efficiency , or at Least Interesting?

How Do We Make Energy Efficiency , or at Least Interesting? | vaccines scarcity | Scoop.it

I was reading my local newspaper and a photo showing a man and his electric bill caught my attention. His electric bill was more than $7,000. Was this a case of a power company screwing over a customer, I wondered? Then I read the story. It got more interesting.

The man's $7,228 bill was for a whole year. He had recently had installed several kW worth of PV panels on his roof, and the utility was sending him a statement every month letting him know how much electricity he produced and how much he used. The yearly billing was a “true-up” and represented his net electricity use over the course of the year. Mystery partially solved, but still—$7,228 is a lot of money for a man on a fixed income, and especially when he has PV pumping juice into his house on sunny days in sunny California.

The man was getting a bill for about $35 every month, but that was for his gas use, not electricity. The monthly statement about his PV production and electricity use that he got had “Not a Bill” written on the top of it, and he ignored it, because he isn’t interested in the details.


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Why aren't there more cancer vaccines?

Why aren't there more cancer vaccines? | vaccines scarcity | Scoop.it

"Six years from now, when my daughter turns 11, she will get a three-part human papillomavirus vaccine that will reduce her chances of getting cervical cancer by about 70 percent. Currently a little over half of American girls get the HPV vaccine, a public health intervention that will prevent tens of thousands of cancers. It's one of modern medicine's few success stories in finding a means of preventing cancer.

Maybe the reason we have so few cancer vaccines is that they're harder to develop than treatments for patients who already have cancer, which are more common. But in an as yet unpublished study, economists Eric Budish and Heidi Williams teamed up with patent lawyer Ben Roin to argue that the scarcity of preventive measures and relative abundance of late stage cancer treatments can also be blamed on the distorting effects that the U.S. patent system has on medical research."


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Curated by A4BC.ORG's curator insight, August 27, 2013 5:52 PM

This article takes a great in depth look at why there aren't more cancer vaccines in the US. It takes into account the problems with our patent system and other regulations which add to the reasons that medical research isn't making cancer vaccines a priority.

It is fortunate that the NBCC sees a vaccine to prevent breast cancer as a priority. For more information about @deadline2020 go to: http://www.breastcancerdeadline2020.org/about-the-deadline/



Dr. Michael Wosnick's curator insight, August 27, 2013 7:06 PM

The good news is that longer and longer survival times are what we aim for. The bad news is that long lead times and long followup times for testing vaccines makes it difficult for companies to enter the fray since they can't get patent protection for long enough to protect their investment.

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Communism, a command economy

Communism, a command economy | vaccines scarcity | Scoop.it

Communism is a type of government that relies on collectivization of labor and good to equal out the classes. One of the prime examples of a command economy. In communism, one person makes all the decisions, prices, manufactoring, housing and etc. In comunism every one earns the same income and reaps the same amount of rewards for their labour. And this is where the theory is flawed, a simple post carrier earns the same amount as say a doctor, and becuase of this is causes lazyness and low quality of work. In situations such as this, ruled by fear and/or unequality, creates high amounts of push factors. However, wishing to retain citizens, emmigration bans may be put into place preventing the emmigration of citizens. These bans however are often ineffective. Seen in cases of Cuban emmigrants escaping on rafts or boats.


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