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Recovering Inequality

Recovering Inequality
Author: Steve Kroll-Smith
Publisher: University of Texas Press
Total Pages: 213
Release: 2018-08-15
Genre: Social Science
ISBN: 1477316116

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A lethal mix of natural disaster, dangerously flawed construction, and reckless human actions devastated San Francisco in 1906 and New Orleans in 2005. Eighty percent of the built environments of both cities were destroyed in the catastrophes, and the poor, the elderly, and the medically infirm were disproportionately among the thousands who perished. These striking similarities in the impacts of cataclysms separated by a century impelled Steve Kroll-Smith to look for commonalities in how the cities recovered from disaster. In Recovering Inequality, he builds a convincing case that disaster recovery and the reestablishment of social and economic inequality are inseparable. Kroll-Smith demonstrates that disaster and recovery in New Orleans and San Francisco followed a similar pattern. In the immediate aftermath of the flooding and the firestorm, social boundaries were disordered and the communities came together in expressions of unity and support. But these were quickly replaced by other narratives and actions, including the depiction of the poor as looters, uneven access to disaster assistance, and successful efforts by the powerful to take valuable urban real estate from vulnerable people. Kroll-Smith concludes that inexorable market forces ensured that recovery efforts in both cities would reestablish the patterns of inequality that existed before the catastrophes. The major difference he finds between the cities is that, from a market standpoint, New Orleans was expendable, while San Francisco rose from the ashes because it was a hub of commerce.


Recovery, Mental Health and Inequality

Recovery, Mental Health and Inequality
Author: Lynn Tang
Publisher: Routledge
Total Pages: 228
Release: 2017-07-06
Genre: Medical
ISBN: 1317532880

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Mental health has long been perceived as a taboo subject in the UK, so much so that mental health services have been marginalised within health and social care. There is even more serious neglect of the specific issues faced by different ethnic minorities. This book uses the rich narratives of the recovery journeys of Chinese mental health service users in the UK – a perceived ‘hard-to-reach group’ and largely invisible in mental health literature – to illustrate the myriad ways that social inequalities such as class, ethnicity and gender contribute to service users' distress and mental ill-health, as well as shape their subsequent recovery journeys. Recovery, Mental Health and Inequality contributes to the debate about the implementation of ‘recovery approach’ in mental health services and demonstrates the importance of tackling structural inequalities in facilitating meaningful recovery. This timely book would benefit practitioners and students in various fields, such as nurses, social workers and mental health postgraduate trainees.


Hurricane Harvey's Aftermath

Hurricane Harvey's Aftermath
Author: Kevin M. Fitzpatrick
Publisher: NYU Press
Total Pages: 202
Release: 2020-08-11
Genre: Social Science
ISBN: 1479800732

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Heartbreaking stories from survivors along the Texas Gulf Coast Hurricane Harvey was one of the worst American natural disasters in recorded history. It ravaged the Texas Gulf Coast, and left thousands of people homeless in its wake. In Hurricane Harvey’s Aftermath, Kevin M. Fitzpatrick and Matthew L. Spialek offer first-hand accounts from survivors themselves, providing a rare, on-the-ground perspective of natural disaster recovery. Drawing on interviews from more than 350 survivors, the authors trace the experiences of individuals and their communities, both rich and poor, urban and rural, white, Latinx, and Black, and how they navigated the long and difficult road to recovery after Hurricane Harvey. From Corpus Christi to Galveston, they paint a vivid, compelling picture of heartache and destruction, as well as resilience and recovery, as survivors slowly begin rebuilding their lives and their communities. An emotionally provocative read, Hurricane Harvey’s Aftermath provides insight into how ordinary people experience and persevere through a disaster in an age of environmental vulnerability.


Recovering Inequality

Recovering Inequality
Author: J. Stephen Kroll-Smith
Publisher:
Total Pages: 213
Release: 2018
Genre: Disaster relief
ISBN: 9781477316122

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Engine of Inequality

Engine of Inequality
Author: Karen Petrou
Publisher: John Wiley & Sons
Total Pages: 291
Release: 2021-03-03
Genre: Business & Economics
ISBN: 1119726743

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The first book to reveal how the Federal Reserve holds the key to making us more economically equal, written by an author with unparalleled expertise in the real world of financial policy Following the 2008 financial crisis, the Federal Reserve’s monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. In Engine of Inequality, Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. Karen Petrou is a leading financial-policy analyst and consultant with unrivaled knowledge of what drives the decisions of federal officials and how big banks respond to financial policy in the real world. Instead of proposing legislation that would never pass Congress, the author provides an insider's look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance. Offering an innovative, powerful, and highly practical solution for immediately turning around the enormous nationwide problem of economic inequality, this groundbreaking book: Presents practical ways America can and should tackle economic inequality with fast-acting results Provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work Demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness Explains why your bank's interest rates are still only a fraction of what they were even though the rich are getting richer than ever, faster than ever Reveals the dangers of FinTech and BigTech companies taking over banking Shows how Facebook wants to control even the dollars in your wallet Discusses who shares the blame for our economic inequality, including the Fed, regulators, Congress, and even economists Engine of Inequality: The Fed and the Future of Wealth in America should be required reading for leaders, policymakers, regulators, media professionals, and all Americans wanting to ensure that the nation’s financial policy will be a force for promoting economic equality.


Divided

Divided
Author: David Cay Johnston
Publisher: New Press, The
Total Pages: 354
Release: 2014-04-01
Genre: Political Science
ISBN: 1595589236

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The issue of inequality has irrefutably returned to the fore, riding on the anger against Wall Street following the 2008 financial crisis and the concentration of economic and political power in the hands of the super–rich. The Occupy movement made the plight of the 99 percent an indelible part of the public consciousness, and concerns about inequality were a decisive factor in the 2012 presidential elections. How bad is it? According to Pulitzer Prize–winning journalist David Cay Johnston, most Americans, in inflation–adjusted terms, are now back to the average income of 1966. Shockingly, from 2009 to 2011, the top 1 percent got 121 percent of the income gains while the bottom 99 percent saw their income fall. Yet in this most unequal of developed nations, every aspect of inequality remains hotly contested and poorly understood. Divided collects the writings of leading scholars, activists, and journalists to provide an illuminating, multifaceted look at inequality in America, exploring its devastating implications in areas as diverse as education, justice, health care, social mobility, and political representation. Provocative and eminently readable, here is an essential resource for anyone who cares about the future of America—and compelling evidence that inequality can be ignored only at the nation’s peril.


Is Inequality in America Irreversible?

Is Inequality in America Irreversible?
Author: Chuck Collins
Publisher: Polity
Total Pages: 0
Release: 2018-05-29
Genre: Political Science
ISBN: 9781509522507

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We are living in a time of extreme inequality: America’s three richest people now own as much wealth as the bottom half of the population. Although most accept that this is grotesque, many politicians accept it as irreversible. In this book, leading US researcher and activist Chuck Collins succinctly diagnoses the drivers of rampant inequality, arguing that such disparities have their roots in 40 years of the powerful rigging the system in their favor. He proposes a far-reaching policy agenda, analyzes the barriers to progress, and shows how transformative local campaigns can become a national movement for change. This book is a powerful analysis of how the plutocracy sold us a toxic lie, and what we can do to reverse inequality.


Oracle Inequalities in Empirical Risk Minimization and Sparse Recovery Problems

Oracle Inequalities in Empirical Risk Minimization and Sparse Recovery Problems
Author: Vladimir Koltchinskii
Publisher: Springer
Total Pages: 259
Release: 2011-07-29
Genre: Mathematics
ISBN: 3642221475

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The purpose of these lecture notes is to provide an introduction to the general theory of empirical risk minimization with an emphasis on excess risk bounds and oracle inequalities in penalized problems. In recent years, there have been new developments in this area motivated by the study of new classes of methods in machine learning such as large margin classification methods (boosting, kernel machines). The main probabilistic tools involved in the analysis of these problems are concentration and deviation inequalities by Talagrand along with other methods of empirical processes theory (symmetrization inequalities, contraction inequality for Rademacher sums, entropy and generic chaining bounds). Sparse recovery based on l_1-type penalization and low rank matrix recovery based on the nuclear norm penalization are other active areas of research, where the main problems can be stated in the framework of penalized empirical risk minimization, and concentration inequalities and empirical processes tools have proved to be very useful.


Changing Inequality

Changing Inequality
Author: Rebecca M. Blank
Publisher: Univ of California Press
Total Pages: 241
Release: 2011-07-28
Genre: Social Science
ISBN: 0520950194

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Rebecca M. Blank offers the first comprehensive analysis of an economic trend that has been reshaping the United States over the past three decades: rapidly rising income inequality. In clear language, she provides an overview of how and why the level and distribution of income and wealth has changed since 1979, sets this situation within its historical context, and investigates the forces that are driving it. Among other factors, Blank looks closely at changes within families, including women’s increasing participation in the work force. The book includes some surprising findings—for example, that per-person income has risen sharply among almost all social groups, even as income has become more unequally distributed. Looking toward the future, Blank suggests that while rising inequality will likely be with us for many decades to come, it is not an inevitable outcome. Her book considers what can be done to address this trend, and also explores the question: why should we be concerned about this phenomenon?


Soaking the Middle Class

Soaking the Middle Class
Author: Anna Rhodes
Publisher: Russell Sage Foundation
Total Pages: 244
Release: 2022-07-15
Genre: Social Science
ISBN: 1610449169

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Extreme weather is increasing in scale and severity as global warming worsens. While poorer communities are typically most vulnerable to the negative effects of climate change, even well-resourced communities are increasingly vulnerable as climate-related storms intensify. Yet little is known about how middle-class communities are responding to these storms and the resulting damage. In Soaking the Middle Class, sociologists Anna Rhodes and Max Besbris examine how a middle-class community recovers from a climate-related disaster and how this process fosters inequality within these kinds of places. In 2017, Hurricane Harvey dropped record-breaking rainfall in Southeast Texas resulting in more than $125 billion in direct damages. Rhodes and Besbris followed 59 flooded households in Friendswood, Texas, for two years after the storm to better understand the recovery process in a well-resourced, majority-White, middle-class suburban community. As such, Friendswood should have been highly resilient to storms like Harvey, yet Rhodes and Besbris find that the recovery process exacerbated often-invisible economic inequality between neighbors. Two years after Harvey, some households were in better financial positions than they were before the storm, while others still had incomplete repairs, were burdened with large new debts, and possessed few resources to draw on should another disaster occur. Rhodes and Besbris find that recovery policies were significant drivers of inequality, with flood insurance playing a key role in the divergent recovery outcomes within Friendswood. Households with flood insurance prior to Harvey tended to have higher incomes than those that did not. These households received high insurance payouts, enabling them to replace belongings, hire contractors, and purchase supplies. Households without coverage could apply for FEMA assistance, which offered considerably lower payouts, and for government loans, which would put them into debt. Households without coverage found themselves exhausting their financial resources, including retirement savings, to cover repairs, which put them in even more financially precarious positions than they were before the flood. The vast majority of Friendswood residents chose to repair and return to their homes after Hurricane Harvey. Even this devastating flood did not alter their plans for long-term residential stability, and the structure of recovery policies only further oriented homeowners towards returning to their homes. Prior to Harvey, many Friendswood households relied on flood damage from previous storms to judge their vulnerability and considered themselves at low risk. After Harvey, many found it difficult to assess their level of risk for future flooding. Without strong guidance from federal agencies or the local government on how to best evaluate risk, many residents ended up returning to potentially unsafe places. As climate-related disasters become more severe, Soaking the Middle Class illustrates how inequality in the United States will continue to grow if recovery policies are not fundamentally changed.