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on November 30 2011 12:30:04
How can the World Bank use a general poverty line? Wouldn't the poverty line be different in different areas depending on the local cost of living? |
on November 30 2011 12:37:33
There is quite a bit of academic discussion about this. Basically it comes down to absolute poverty vs. relative poverty. When dealing with absolute poverty it becomes incredibly complex if one has to calculate what is needed to have basic necessities in all the different local regions of the countries of the World, in part because large parts of their livelihood is based on sustenance agriculture, and what is the value of that. It has often added several layers of errors on the calculation, so they use an arbitrarily set amount... hence a general poverty line, which is currently set at $1.25/day. |
on December 03 2011 10:29:39
SAM
[entering office] On Monday, the OMB is putting out a new formula for
calculating the
poverty level.
TOBY
I saw that. Doesn't it need Presidential approval before it goes to Congress?
SAM
Yeah.
TOBY
What's the problem?
SAM
It's a good news, bad news thing. Under the new formula, poverty is up two
percent. It was
anyone under seventeen thousand, five hundred and twenty-four before, now
it's twenty thousand.
TOBY
What does that shake out to?
SAM
Four million new poor people.
TOBY
Four million?!?
SAM
Yeah. Obviously, that's the bad news.
TOBY
Yeah...
SAM
The good news is more people will be eligible for benefits.
TOBY
And taxpayers are nuts about that. Let's get back to the bad news. Four
million people
became poor on the President's watch?
SAM
They didn't become poor. They were poor already. And now we're calling them
poor.
TOBY
What was wrong with the old formula?
SAM
I don't know.
TOBY
Find out.
SAM
It is possible that this is a statistical reality and not a political finding.
TOBY
Well, get together with somebody at OMB and find out what was wrong with
the statistical
reality of the old formula.
SAM
Yeah.
TOBY
And do it today.
SAM
[heading out of office] Yeah.
TOBY
It's like when they did that thing with the SAT scores and I got dumber
twenty years
after I went to college.
SAM
It's a little like that.
TOBY
Talk to somebody.
SAM
Yeah. |
on December 04 2011 10:13:26
+1 internets to you sir! |
on December 04 2011 14:28:35
...Rounders |
on December 04 2011 17:15:01
? |
on December 04 2011 17:51:08
I want my +1 internets |
on December 05 2011 03:08:07
 |
on December 05 2011 12:18:04
@Torellion - are you referring to the film?
I haven't seen it, but how is it relevant to this topic? |
on December 05 2011 13:24:10
Fuck his odd segue, you haven't seen Rounders?!? |
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