Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, October 6, 2011

Celebrity Friday: Roland Fryer

Professor Roland Fryer
The 2011 MacArthur Foundation Fellows were announced a few weeks ago. These fellowships are commonly known as "genius"grants. One of the winners this year was Roland Fryer, an Economics Professor at Harvard.

From the official announcement:
Roland Fryer is an economist illuminating the causes and consequences of economic disparity due to race and inequality in American society. Through innovative empirical and theoretical investigations, Fryer has opened up a range of topics to quantitative analysis, offering new insights on such issues as the cognitive underpinnings of racial discrimination, labor market inequalities, and, in particular, the educational trajectory of minority children. In an examination of the longitudinal trends of testing gaps among elementary schoolchildren, Fryer and a collaborator determined that, after controlling for background characteristics, black and white children enter kindergarten at parity, but their achievement gap widens through higher grade levels; in addition, they found that traditional socioeconomic metrics could not account for this gap. In other work, Fryer posited that social network structure could be a contributing factor. Having constructed an index of social status based on a large, national set of demographic data, his analysis suggests that peer-group loyalty sometimes competes with academic performance, particularly in ethnically heterogeneous environments. Recently, Fryer led a randomized experiment with well over 20,000 students from more than 200 schools in three cities, testing several models of financial incentives to see if they improve children's academic performance. Results collected to date indicate that incentives payments alone have no statistically significant impact on subsequent state test scores. These studies, among many others, demonstrate Fryer's propensity to tackle difficult, often sensitive, social questions with scientific rigor. His research is informing the work of academics and policy makers alike, and he is playing a singular and influential role in ongoing discussions about the effects of racial differences in America.
I love seeing Black men officially recognized as "geniuses"! Don't you?Maybe this should become a regular feature of MadProfessah.com, let me know in the comments.

Sunday, June 12, 2011

Graph Showing Obama's Positive Impact on Economy

Barack Obama became President of the United States on January 20, 2009. Ever since he took office the economy has improved, with average number of jobs gained or lost entering positive territory in 2010.

Daily Kos posted this graphic earlier this week, and explained:

Let's start with the recovery act. In the 27 months since President Obama signed it into law, we've lost 1.3 million private sector jobs and 1.8 million overall.
Those are terrible numbers, but in the 27 months before the stimulus, we were losing private sector jobs more than three times as quickly. During that stretch, we lost 4.5 million jobs in the private sector jobs and 4.1 million jobs overall. (The reason we lost more private sector jobs than jobs overall is that public sector hiring went up by nearly one-half million. Under Obama, we've lost a half-million government jobs, an ironic fact given the false Republican claim that government hiring has increased.)
As you can see in the chart at the top of the post, as bad as the jobs picture was in 2009, it was even worse in 2008, and things have turned around in 2010 and 2011 with job growth stronger than it was in 2007. Moreover, we've now had sixteen straight months of private sector job gains.
With unemployment still at 9.1%, economic growth is obviously still way below where anybody wants it to be, but to the extent the administration has fallen short, it's that they've soft-pedaled the need for more stimulus funds to accelerate the recovery beyond its current pace.
And the fact remains that unlike Bush and the Republicans who wrecked the economy in the first place, Obama and the Democrats haven't made things worse. They've made things better.
I understand people being impatient about the economy, but considering voting for a Republican, who will only make things worse, not better, why?
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