Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State Authored by Tyler Turman via TheDailyEconomy.org, America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing? That depends, as it turns out, on how you measure it. Last month, Senator Kennedy (R-LA) introduced a ...
Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State Authored by Tyler Turman via TheDailyEconomy.org, America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing? That depends, as it turns out, on how you measure it. Last month, Senator Kennedy (R-LA) introduced a bill that would require the Census Bureau to report a new poverty metric as an alternative to the Official Poverty Measure (OPM) by including both cash and non-cash welfare benefits in its calculations. As Kennedy points out , this is a much-needed fix. The OPM’s methodological weaknesses are well documented . Most notably, it ignores the hundreds of billions of dollars the government spends each year to assist low-income families through tax credits like the Earned Income Tax Credit and in-kind transfers such as Medicaid, food stamps, and housing subsidies. In short, the OPM paints an egregiously inaccurate picture of material poverty in America. Kennedy’s bill would require the Census Bureau to publish the Congressional Budget Office’s more comprehensive poverty measure alongside the OPM in its annual poverty report. A similarly constructed measure was developed by economists Richard Burkhauser and Kevin Corinth in a recent paper with the National Bureau of Economic Research. After accounting for taxes and transfers, they found that the “full-income” poverty measure sat at just 3.7 percent in 2023—1.6 percent after including employer-provided health insurance—a far more optimistic look than the OPM’s 11.1 percent from the same year. That sounds like a triumph. But Burkhauser and Corinth take it one step further and use their “full-income” measure to track changes in the poverty rate dating back to 1939. Contrary to popular belief, they find that the greatest era of poverty reduction happened before Johnson declared war on it. From 1939 to 1963, absolute full-income povert...
A number of stocks fell in the afternoon session after investors reacted to news of Google's new TurboQuant algorithm, a tool that threatens to significantly reduce memory requirements for artificial intelligence models.
A number of stocks fell in the afternoon session after investors reacted to news of Google's new TurboQuant algorithm, a tool that threatens to significantly reduce memory requirements for artificial intelligence models.
The VanEck Short Muni ETF ( NYSEMKT:SMB ) and the Vanguard Short-Term Treasury ETF ( NASDAQ:VGSH ) both offer low-cost, short-duration bond exposure. However, VGSH offers a higher yield, while SMB pays a lower yield but with tax advantages from municipal bonds. Both funds aim to deliver safe income by investing in high-quality, short-term bonds. VGSH sticks to U.S. Treasury debt, prioritizing safe...
The VanEck Short Muni ETF ( NYSEMKT:SMB ) and the Vanguard Short-Term Treasury ETF ( NASDAQ:VGSH ) both offer low-cost, short-duration bond exposure. However, VGSH offers a higher yield, while SMB pays a lower yield but with tax advantages from municipal bonds. Both funds aim to deliver safe income by investing in high-quality, short-term bonds. VGSH sticks to U.S. Treasury debt, prioritizing safety and liquidity, while SMB holds a diversified mix of short-term municipal bonds, appealing to those seeking tax-exempt income. This comparison highlights key differences in cost, returns, risk, and portfolio construction for investors considering these two options. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Continue reading
Xos (XOS) delivered earnings and revenue surprises of -43.33% and -54.61%, respectively, for the quarter ended December 2025. Do the numbers hold clues to what lies ahead for the stock?
Xos (XOS) delivered earnings and revenue surprises of -43.33% and -54.61%, respectively, for the quarter ended December 2025. Do the numbers hold clues to what lies ahead for the stock?
In this article TGT Follow your favorite stocks CREATE FREE ACCOUNT A shopper carries a Target bag in Emeryville, California, US, on Thursday, Feb. 26, 2026. Target Corp. is scheduled to release earnings figures on March 3. David Paul Morris | Bloomberg | Getty Images A major teachers' union is calling for its members to skip Target when buying back-to-school supplies, the latest twist in a series...
In this article TGT Follow your favorite stocks CREATE FREE ACCOUNT A shopper carries a Target bag in Emeryville, California, US, on Thursday, Feb. 26, 2026. Target Corp. is scheduled to release earnings figures on March 3. David Paul Morris | Bloomberg | Getty Images A major teachers' union is calling for its members to skip Target when buying back-to-school supplies, the latest twist in a series of boycotts that have targeted the big-box retailer as its turnaround shows signs of life, CNBC has learned. The AFT, or American Federation of Teachers, passed a resolution Thursday that calls on its 1.8 million members and others to shop at local stores and not at Target, saying the company did not respond adequately to the surge of federal immigration enforcement in the retailer's hometown of Minneapolis this winter. Federal agents shot and killed two U.S. citizens, Renee Good and Alex Pretti , during the operation. The labor union, which is affiliated with the AFL-CIO, plans to urge a similar resolution at AFL-CIO's convention in Minneapolis this summer and at conventions held by other organizations, including the NAACP and LULAC, AFT President Randi Weingarten said. Target could not immediately be reached for comment on the boycott resolution. Target's annual sales have declined for the past three years in a row, but the company's new CEO Michael Fiddelke laid out an ambitious plan earlier this month to refresh its stores, add more enticing merchandise and return to sales growth. The retailer said it expects net sales to rise about 2% this fiscal year compared with the prior year and anticipates sales will grow every quarter. It is unclear if and how much the AFT's call for a back-to-school boycott could hurt Target, which is trying to win back customers. Earlier this month, Atlanta area pastor Jamal Harrison Bryant announced the end of a yearlong boycott of the company, called Target Fast, which had started because of the company's rollback of major diversity, equity...
Dan James scores a stunning long-range effort to give Wales a crucial lead in their World Cup Play-off semi-final against Bosnia-Herzegovina in Cardiff.
Dan James scores a stunning long-range effort to give Wales a crucial lead in their World Cup Play-off semi-final against Bosnia-Herzegovina in Cardiff.
A number of stocks fell in the afternoon session after investors reacted to news of Google's new TurboQuant algorithm, a tool that threatens to significantly reduce memory requirements for artificial intelligence models.
A number of stocks fell in the afternoon session after investors reacted to news of Google's new TurboQuant algorithm, a tool that threatens to significantly reduce memory requirements for artificial intelligence models.
Good morning . Trump extends Iran deadline for a second time. Meituan sees improvement ahead in China’s food-delivery space. And are designer babies coming to India? Listen to the day’s top stories . Market Snapshot WTI Futures $94.48 +4.6% S&P 500 6,477.16 -1.7% Spot Gold $4,376.11 -2.9% Market data as of 05:18 PM ET. Data is subject to provider delays. Donald Trump again pushed back his deadline...
Good morning . Trump extends Iran deadline for a second time. Meituan sees improvement ahead in China’s food-delivery space. And are designer babies coming to India? Listen to the day’s top stories . Market Snapshot WTI Futures $94.48 +4.6% S&P 500 6,477.16 -1.7% Spot Gold $4,376.11 -2.9% Market data as of 05:18 PM ET. Data is subject to provider delays. Donald Trump again pushed back his deadline for Iran to strike a deal with the US or face more attacks to April 6, saying talks with the country were going “very well.” Iran formally responded to the 15-point US ceasefire proposal, repeating demands for security guarantees and control of the Strait of Hormuz. Russia is helping Iran target Americans and US allies, according to European Union foreign affairs chief Kaja Kallas. The conflict in the Middle East is reviving the specter of inflation and hobbling the global economy just as it was showing signs of strengthening at the start of the year, the OECD said. The Paris-based organization sharply increased its inflation forecasts for major economies and now sees the average rate for the Group of 20 economies this year jumping to 4% rather than the 2.8% it predicted in December. India is expected to be among the economies hardest hit, with prices now seen rising 5.1%. Trump Making China Great Again? Watch the video Turkey’s central bank sold and swapped about 60 tons of gold , worth more than $8 billion, in two weeks after the Iran war started, adding to downward pressure on bullion prices. Gold resumed its decline, extending a slump that’s seen the precious metal fall more than 15% this month. Apple is shaking up its AI, again. The iPhone maker plans to open Siri to outside artificial intelligence assistants, according to people familiar. The assistant can already tap into ChatGPT through a partnership with OpenAI, but Apple will now allow competing services to do the same. The tech giant is also paying iPhone designers bonuses to fight AI poaching. Deep Dive: China’...
Micron’s stock falls into a bear market — and it’s now the cheapest in the S&P 500 MarketWatch Here's Why Micron Stock Fell 12% This Week The Motley Fool Micron stock sinks for a fourth straight day despite dominant earnings report CNBC
Micron’s stock falls into a bear market — and it’s now the cheapest in the S&P 500 MarketWatch Here's Why Micron Stock Fell 12% This Week The Motley Fool Micron stock sinks for a fourth straight day despite dominant earnings report CNBC