Why Older Americans Have the Worst Long-Term Unemployment Crisis
We have, on this site, focused like a laser beam on the job crisis for the young. But today, a compelling report from the GAO reminds us that among those who have lost a job, older Americans might just have it worse.Actually, they absolutely have it worse. Americans over the age of 55 are the least likely to find another job and the most likely to take a significant pay cut for the next position.
Who they are: Since 2010, more than half of all unemployed older workers -- or 1.1 million people over the age of 55 -- have been out of a job for more than six months. Forty-two percent have been out of work for more than a year (see graph).
Even when older people find new work, the new wage is typically only 85 percent of the old salary. By comparison, typical displaced worker between the age of 20 and 54 finds a new wage that's at least 95% of the old salary.
Why they can't find work: There's the health care reason and the technology reason. Experts told the GAO that employers are reluctant to hire older workers because they "expect providing health benefits to older workers would be costly." Others said computer skills often hold back the elderly, especially when the job application is all online.
You're only worth $1.21 to Facebook
How much does Facebook value its users? In strictly monetary terms, about as much as a bag of chips.Facebook is raking in a little over $1 billion in sales every three months. That sounds like a big number, but with more than 900 million active users, it means each Facebook user is bringing in just $1.21 a quarter.
It's an astoundingly low number compared to other companies that report average revenue per user, or ARPU. The metric is usually used by service providers and communications companies, which typically collect hundreds of dollars per quarter from each customer through subscription fees and other charges.
New Advocacy Groups Shaking Up Education Field
A new generation of education advocacy groups has emerged to play a formidable political role in states and communities across the country. Those groups are shaping policy through aggressive lobbying and campaign activity—an evolution in advocacy that is primed to continue in the 2012 elections and beyond.Bearing names meant to signal their intentions—Stand for Children, Democrats for Education Reform, StudentsFirst—they are pushing for such policies as rigorous teacher evaluations based in part on evidence of student learning, increased access to high-quality charter schools, and higher academic standards for schools and students.
This Man Is A Shining Example Of What To Do If You Win The Lottery
People Prefer To Invest With An Attractive Person Rather Than A Trustworthy One
The Vicious Asian Tiger Mosquito Is Attacking New York City In Unprecedented Numbers
The hardy Asian tiger mosquito, known for its vicious biting habits and preference for large cities, is back — and this time it's carrying a fever-inducing virus.
Amy Kraft of The New Scientist reports that the black-and-white striped pest carries chikungunya, a virus that causes joint pain as well as fever and rash, but is rarely life-threatening.
Typically, cold winters control the mosquito population. But unseasonably warm weather has brought the disease-carrying insects out in increasing numbers.
Read more: http://www.businessinsider.com/asian-tiger-mosquito-invading-new-york-2012-5?google_editors_picks=true#ixzz1v2tx9OU0
State Department Poised to Raise Chances of War with Iran
The Opportunity Gap
Is Your State Providing Equal Access to Education?This database includes all public schools in districts with more than 3,000 students from the 2009-2010 school year -- about three-quarters of all such students in the country. Use it to find out how well your state provides poor and wealthier schools equal access to advanced classes that researchers say will help them later in life.
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