Category: Poverty

Childhood poverty damages your mind

29 April, 2009 (11:29) | Policy, Poverty, Tenure, Theory | No comments

I am just a poor boy, though my story’s seldom told. I have squandered my resistance, For a pocketful of mumbles, such are promises.
All lies and jest.
The Boxer, Paul Simon
 

Poor girl, Oklahoma City, 1936
 

Why are people poor? The question echoes down the ages. Is it their destiny, their upbringing, their character, their misfortune?
 

Recently the [...]

Capital’s underground river: Mexican remittances

8 June, 2007 (09:51) | Capital markets, Markets, Poverty, Remittances, Subprime, World markets, World news |

Even as an enormous underground river of people flows south to north across the American continent — the vast human tide of illegal immigration from Mexico –

Flowing north across the Rio Grande

it is counterbalanced almost perfectly by another vast underground river flowing north to south: a flow of capital, in remittances from workers [...]