Natural disasters widen wealth gap between whites and blacks

first_img Return to article. Long DescriptionJames Elliott“Across the United States, communities are experiencing increases in the frequency and severity of natural disasters,” said Elliott, a professor and department chair of sociology at Rice and a fellow at Rice’s Kinder Institute for Urban Research. “The prevalence of these damages is worrisome enough, but equally disconcerting are the social inequalities they can leave in their wake.”Elliott said natural disasters were responsible for an increase in inequality between homeowners and renters in the hardest hit areas during 1999-2013. The biggest gaps in wealth were between whites and blacks.“The longitudinal study on which these findings are based was motivated by the reality that “these events keep happening,” Elliott said. “This is not a California problem, this is not a Texas problem, this is not a Florida problem. It’s an American problem.”The paper, “As Disaster Costs Rise, So Does Inequality,” is available online. Elliott’s previous work on this topic, together with lead author Junia Howell of the University of Pittsburgh and Rice’s Kinder Institute, is available here.For more information or to schedule an interview with Elliott, contact him directly at [email protected] Rice is closed for winter break from Dec. 22 through Jan. 1.Rice University has a VideoLink ReadyCam TV interview studio. ReadyCam is capable of transmitting broadcast-quality standard-definition and high-definition video directly to all news media organizations around the world 24/7.-30-This news release can be found online at Rice News and Media Relations on Twitter @RiceUNews.Photo link: credit: UniversityJim Elliott bio: Elliott photo: credit: Jeff Fitlow/Rice UniversityLocated on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nation’s top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 3,962 undergraduates and 3,027 graduate students, Rice’s undergraduate student-to-faculty ratio is just under 6-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice is ranked No. 1 for lots of race/class interaction and No. 2 for quality of life by the Princeton Review. Rice is also rated as a best value among private universities by Kiplinger’s Personal Finance. To read “What they’re saying about Rice,” go to you would rather not receive future communications from RiceUniversity2, let us know by clicking here.RiceUniversity2, Public Affairs – MS610 6100 Main Street, Houston, TX 77005-1827 United States ShareRice UniversityOffice of Public Affairs / News & Media RelationsEXPERT ALERTDavid [email protected] [email protected] disasters widen wealth gap between whites and blacksRice expert available to discuss HOUSTON – (Dec. 20, 2018) – From wildfires to hurricanes, it’s been a year full of natural disasters in the U.S. Jim Elliott, a Rice University sociologist and co-author of a recent paper about disasters’ role in the growth of the wealth gap between whites and blacks, is available to discuss this topic as the year draws to a close. James Elliottcenter_img AddThislast_img read more

DMSB Keynote Speaker Encourages MBAs New Startups and More – Boston News

first_imgDMSB Keynote Speaker Encourages MBAs, New Startups, and More – Boston News Let’s explore some of the most interesting stories that have emerged from Boston business schools this week.Life is Like a Venture Investment, Biotech Entrepreneur Tells Business Graduates – D’Amore-McKim BlogThe Northeastern University D’Amore-McKim School of Business selected biotech entrepreneur Dr. Gerald Chan as the keynote speaker at the DMSB graduation ceremony last month.Dr. Chan, whose private investment firm Morningside Group funds “life sciences startups that are working to discover new ways to treat disease,” implored the assembled crowd at Matthews Arena to “live a life that makes themselves and their loved ones proud” even if “life can be at times so scary and at other times so exhilarating.” Dr. Chan shared a personal anecdote about his father’s refusal to accept a job at casino on ethical grounds: “Had he accepted that offer, our family would have become financially richer. But because he acted on his ethical principles against his own economic interest, my family can stand tall today.”D’Amore-McKim School of Business graduates, during last month’s ceremony / Photo via damore-mckim.northeastern.eduYou can read the full article here for a complete overview of the ceremony.Winning Paper Shows Network Effects Fuel Business Value and Upend Strategy – Questrom School of Business BlogBU Questrom School of Business‘ Marshall Van Alstyne recently co-authored new research that finds that “platform businesses” that depend on high numbers of users like Microsoft, Apple, Uber, Google, and Amazon scale much faster by moving value creation from “internal production to external orchestration.”In “Platform Ecosystems: How Developers Invert the Firm,” Van Alstyne and his co-authors conclude that this approach will reverberate through “every part of a business, from marketing to operations to human resources.”“Instead of a firm doing all its own marketing, consumers can add value through viral marketing. Instead of AirBnB incurring operating costs of a hotel stay, ecosystem partners bear those costs.”“Instead of hiring employees inside the firm, platforms rely on freelancers outside the firm. In each of these instances, the value-creating activity shifts from inside to outside the firm. This shift affects all of the traditional business functions. It also has profound implications for fair division of wealth in society.”You can read the full article here and the complete paper here.25 MIT Startups To Watch – MIT Sloan NewsroomOn Saturday, September 8, Bill Aulet, Managing Director of the Martin Trust Center for MIT Entrepreneurship told the crowd at the MIT Kresge Auditorium, “We’re not just going to be doing another dating app.”“We’re going to be doing things like addressing inclusion in society, making a more informed citizen throughout the world, cybersecurity, mental health, urbanization, improving ed-tech, improving health care. These are significant problems that the brightest people in the world should be working on, and those people are MIT students.”The ambitions Aulet spoke about were created from the 25 startups built within the MIT delta v accelerator, which you can check out here. About the AuthorJonathan PfefferJonathan Pfeffer joined the Clear Admit and MetroMBA teams in 2015 after spending several years as an arts/culture writer, editor, and radio producer. In addition to his role as contributing writer at MetroMBA and contributing editor at Clear Admit, he is co-founder and lead producer of the Clear Admit MBA Admissions Podcast. He holds a BA in Film/Video, Ethnomusicology, and Media Studies from Oberlin College.View more posts by Jonathan Pfeffer regions: Bostonlast_img read more