Vermont gets an ‘A’ for financial security of families

first_imgIndividuals and families in Arizona, South Carolina and the Delta states of Mississippi, Louisiana and Arkansas lag behind the rest of the country in key aspects related to their financial stability, including measures of net worth, homeownership and housing affordability, business ownership, health insurance coverage and academic achievement. These states received an overall grade of “F” on the 2009-2010Assets & Opportunity Scorecard, which rates states not only on poverty and job figures, but also on a broad set of categories and measures related to sustained prosperity. The Scorecard was released today by the Corporation for Enterprise Development (CFED), a national economic nonprofit.CFED’s Assets & Opportunity Scorecard — online at scorecard.cfed.org — measures the financial security of families in the United States by looking at the whole picture of asset ownership and protecting against financial setbacks. The Scorecard ranks the 50 states and the District of Columbia on 58 performance measures in the areas of Financial Assets & Income, Businesses & Jobs, Housing & Homeownership, Health Care and Education. In addition, the Scorecard also assesses states on the strength of its policies to help individuals and families build financial security.”As the country recovers from this recession and tries to build a more durable and robust economy, decision makers need to look at a broad picture of where Americans stand, and what policies are in place to address economic vulnerabilities. The Scorecard provides that perspective,” said CFED President Andrea Levere. Levere also pointed out that every state has weak areas, and that even the states that received “F” grades perform well in some categories.Nationally, the Scorecard notes that even before the current recession, economic vulnerability was increasing, especially among low- and middle-income families. Among the findings:While U.S. households overall registered a 27% increase in net worth between 2004 and 2006, median net worth fell during that period for the 40% of U.S. households earning less than $37,000 a year.The number of individuals with employer-provided health insurance fell sharply, to 60.9% from 63.2%, leaving more Americans vulnerable and financially unprepared for health emergencies.Between 2006 and 2008, median amount of revolving debt, including credit card debt, rose 64% from $1,805 to $2,960.While more than one in eight households live below the federal income poverty line, nearly double that amount (22.5%) are asset poor, meaning they have insufficient assets to stay out of poverty for three months in the event of job loss. More than 14% of American households live in extreme asset poverty, meaning they have zero or negative net worth.For every dollar in wealth held by white households, African-American households have 10 cents and Latino households have 15 cents.The national leaders on the 2009-2010 Scorecard — those states that earned an overall “A” in performance measures — were Hawaii, Iowa, Kansas, Maine, Massachusetts, Minnesota, New Hampshire, Vermont, Washington and Wyoming. Grades and detailed data for all states is available at scorecard.cfed.org.By comparing the states, the Scorecard not only highlights the strengths and weaknesses of each state, but it also exposes the wide differences between states on a number of items directly tied to financial prosperity. Some of the findings include:More than 22% of jobs in this country are in occupations that pay a median wage that is insufficient to raise the earner’s household above the poverty line. In West Virginia, 38.5% of jobs are low-wage. Washington, D.C. has the lowest percentage of low-wage jobs at 7.2%.The highest homeownership rate is in Minnesota (nearly 75%) while New York has the lowest homeownership rate at 53%.The average home in Kansas costs about twice the median income of a Kansan; in Massachusetts, the average home runs six times the state’s median income.89.6% of employers in Hawaii offer health care benefits to their employees compared with only 40.1% of those in Montana.More than 91% of the people in Massachusetts have health insurance while only 72.5% of Texans are insured.The Scorecard includes a detailed look of state-to-state information on 12 policy priorities that can help residents build and protect assets. Information on each of these policies — which range from first-time homebuyer assistance and payday lending protections to college savings incentives and access to health insurance — is available atscorecard.cfed.org. While every state has enacted at least a handful of these policies, the Scorecard’s assessment of these policies shows there is significant room for improvement.”These policy priorities are not radical ideas, but things that many states are trying right now,” Levere said. “But when we look at the funding, the scope of their efforts and the enforcement of regulations, we find that in most cases states haven’t been putting a very strong commitment into their efforts.”As part of its Scorecard work, CFED has formed partnerships with advocacy organizations in 25 states to utilize theScorecard to educate policy makers and the public on policies that can help Americans build and protect assets and financial security, and to improve policies at the state level.CFED expands economic opportunity by helping Americans and their children build assets, save for the future, start and grow businesses, pursue education and become homeowners. We identify, refine and help realize good ideas and develop partnerships to promote lasting change. We bring together community practice, public policy and private markets in new and effective ways to achieve greater economic impact. Established in 1979 as the Corporation for Enterprise Development, CFED works nationally and internationally through its offices in Washington, DC; Durham, North Carolina; and San Francisco, California.To stay up-to-date on the latest news from CFED, follow us on Twitter at www.twitter.com/CFEDNews(link is external).To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/cfed/39626/(link is external)(Photo: http://www.newscom.com/cgi-bin/prnh/20090921/NY78564(link is external) )Source: CFED. WASHINGTON, Sept. 21, 2009 /PRNewswire/ —last_img read more

The Latest: World Curling Federation cancels championships

first_imgThe hall of fame said in a release Thursday that the ceremony and related events are postponed until further notice.The museum and ballfields are closed to the public, as mandated under Ontario’s declaration of emergency.___The NBA, the National Basketball Players Association and ESPN will stream a HORSE tournament on ESPN’s app.The NBA HORSE Challenge will have eight participants. The quarterfinals are to be shown Sunday and the semifinals and final on April 16. April 9, 2020 Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The World Curling Federation has canceled its championships this year. More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 The series pits the top seniors from each state and were scheduled to play June 5 in Georgetown, Kentucky, and June 6 in Indianapolis. The top juniors were scheduled to square off June 1 at Floyd Central High School near the Ohio River.Indiana also has canceled the junior-senior all-star games on June 3 and the All-Star Shootout on June 6.“I am sad for the players and coaches who comprise this year’s All-Star teams,” Indiana game director Mike Broughton said in a statement. “This is a once in a lifetime experience for the seniors who made the team, but they do have the satisfaction that they are an Indiana All-Star for life.”The Indiana boys hold a 99-44 advantage in the seniors’ series while the Indiana girls lead 50-38.The move comes less than a month after the Indiana High School Athletic Association canceled the boys state tournament for the first time since its inception in 1911. He says “the situation is changing dramatically and we need to get moving. It is in the best interests of our clubs, our players, our stakeholders and importantly our fans that the competition resumes as quickly and as safely as possible.”___Australia’s two-test cricket tour of Bangladesh in June has been postponed because of the coronavirus pandemic.The first test was to start on June 11 in Chattogram. The second from June 19 in Dhaka.Both were part of the world test championship. The final of that tournament is scheduled for next June. Trying to find a new slot for the tests will be a challenge. Haggerty wrote to the AP: “In these unprecedented times, it is hard to predict when we will return to tennis.”___The Indiana-Kentucky boys and girls high school all-star games have been canceled for the first time since World War II.Officials from the two states cited measures taken by both state governments to battle the COVID-19 pandemic, including the closure of schools through the rest of academic year.The boys series began in 1940 but was not played in 1943 or 1944. The girls games were added in 1976 and have never previously been called off. The league has been indefinitely suspended.Southampton says players will defer part of their salaries in April, May and June “to help protect the future of the club, the staff that work within it and the community we serve.”Southampton manager Ralph Hasenhüttl, his coaching staff and directors will also defer some pay over three months.Southampton says it has “put measures in place to ensure that all staff not deferring part of their salaries will continue to receive 100% of their pay, paid in the normal way until 30th June.”___ Australia’s rugby league championship plans to restart on May 28.The NRL has been suspended since March 23.The governing ARL Commission also says it intends to play a full three-game State of Origin series.Commissioner Wayne Pearce says they wanted to set a date and then work on finalizing a competition. It will depend on border restrictions in New South Wales and Victoria states and New Zealand opening up.Pearce says “a date is to give certainty to players and their schedules, clubs and thousands of people who are out of work through clubs and millions of fans.”center_img The Latest: World Curling Federation cancels championships The move includes a 30% pay drop in 2020 for ITF President David Haggerty and reductions of 10% or 20% for others.Haggerty wrote in an email to the AP on Thursday that the ITF’s finance committee and board “looked at all areas where we felt we could make savings in the short term to be prepared for the return to tennis.”Haggerty also said that the group’s reserve funds are available to help individual countries’ tennis federations be prepared for tournaments and grassroots efforts once it’s deemed safe to return to competition.The ITF oversees the Fed Cup and Davis Cup, along with hundreds of lower-tier tournaments around the world.The Fed Cup finals this month have been postponed; the Davis Cup finals are scheduled for late November. All tournaments are on hold until at least mid-July. The men’s, women’s, mixed doubles and senior championships will not be held in 2020. The events had already been indefinitely postponed because of the coronavirus pandemic.The WCF has adjusted its qualifying for the 2021 world championships and the 2022 Winter Olympics to compensate for the missing tournaments.Also Thursday, Curling Canada canceled all of its remaining championships for the 2019-20 season, which ends in the spring.___The International Tennis Federation is putting about half of its staff on furlough and cutting other employees’ salaries because of the coronavirus pandemic. The UCI has received more than 650 requests for postponements or cancellations from organizers because of the coronavirus pandemic. That represents 30% of its international calendar.The UCI says it is reimbursing all registration fees of canceled events to help organizers.The UCI will take a considerable financial hit from paying those fees and it also expects its Olympic revenue payment from the delayed Tokyo Games to be postponed and likely reduced.The UCI says its leadership has agreed to reduce salaries or allowances and furloughed all 130 employees of the UCI and the world cycling center.___ Montreal hosted the Canadian Track and Field Championships in 2019. The last Olympic trials held in Montreal were in 1996.The Tokyo Games will take place July 23 to Aug. 8, 2021, after being postponed for a year due to the novel coronavirus. The Paralympic Games will run from Aug. 24 to Sept. 5.___The Canadian Baseball Hall of Fame induction ceremony has been postponed indefinitely because of the COVID-19 pandemic.Former Toronto Blue Jays first baseman and two-time World Series champion John Olerud, 2006 American League MVP Justin Morneau, former Blue Jays pitcher Duane Ward, and Montreal sportscaster Jacques Doucet were scheduled to be enshrined in a ceremony in St. Marys, Ontario, on June 20. The quarterfinal matchups are Trae Young of the Atlanta Hawks against former NBA player and ESPN analyst Chauncey Billups; WNBA great and 2020 Basketball Hall of Fame inductee Tamika Catchings against Mike Conley Jr. of the Utah Jazz; Zach LaVine of the Chicago Bulls against NBA retiree and ESPN analyst Paul Pierce; and Chris Paul of the Oklahoma City Thunder against Allie Quigley of the WNBA’s Chicago Sky.Players must call their shots before the attempt and dunking is not allowed. The players will be isolated and competing on separate home courts.State Farm is the presenting sponsor and will offer a prize pool exceeding $200,000 to charities working on the coronavirus response. The event will be pre-taped.___The International Cycling Union says it can get through its greatest crisis since World War II with limited damage “as long as the situation does not last longer than current predictions.” ___The Canadian Olympic and Paralympic track and field trials for next year’s Tokyo Games will remain in Montreal.Athletics Canada announced Thursday that the trials will take place in 2021 at Montreal’s Complexe sportif Claude-Robillard. The event is expected to be held June 24-27.Montreal was scheduled to hold the trials this summer from June 25-28, but the event was postponed due to the COVID-19 pandemic.The trials will serve as the final event to determine the athletes nominated to the Canadian Olympic and Paralympic teams competing in Tokyo. Cricket Australia CEO Kevin Roberts says “the global cricket calendar is very busy but we will do everything we can to honor our commitment to Bangladesh and will continue to work with the BCB on an agreed date.”The Bangladesh-Australia series is the second in the world championship to be postponed. England returned home from Sri Lanka last month at the start of the outbreak.___Southampton has become the first Premier League club to announce its players will defer some of their salaries amid the coronavirus pandemic.The Premier League had wanted all squads to take a 30% pay cut but the move led to a standoff with the players’ union.last_img read more

Sorry Everton fans – Liverpool supporters reveal who their biggest rivals are

first_img1 Man United, not Everton, are Liverpool’s biggest rivals The majority of Liverpool fans overwhelmingly view Manchester United as their biggest rivals, ahead of the more historic local rivalry with Everton.Liverpool’s Merseyside neighbours originally played at Anfield and the Reds were born out of a dispute between the Toffees and the football ground’s landlord.While the rivalry with Everton dates back to 1892, Liverpool’s needle with the red half of Manchester only ramped up in the 1970s and 1980s.When United replaced Liverpool as English football’s dominant force in the 1990s, the rivalry only increased, as Everton’s trophy successes dried up, with just one FA Cup to show for their efforts since claiming the title in 1987.As a consequence, according to the results of a talkSPORT poll, 72 per cent of Liverpool fans see Man United as their biggest rivals.By comparison, 22 per cent voted for Everton as the Reds’ biggest rivals, with five per cent opting for Chelsea and one per cent for Arsenal.Who do you think are Liverpool’s biggest rivals? Comment below.last_img read more