Thirty-seven percent of New Yorkers faced severe material hardship last year, but the city's official poverty rate is only 21 percent. Researchers are trying to find a better way to measure poverty.
Microsoft, what took you so long?
“It’s a question,” David Smith, an analyst at Gartner says, “you could ask about an awful lot about Microsoft in the past ten years.”
But what is clear, says Smith, is that now Microsoft is working to stay competitive with Apple and Google. Which is why Microsoft's voice-recognition system may be significant.
"I don't think it will make a big difference, but I think it's more if it was missing, it's a noticeable difference," says Norman Young, an equity analyst with Morningstar.
Young says although Microsoft's product, called Cortana, may look and work a little differently than Siri. But both interfaces use Bing, Microsoft’s search engine, so developers should have an easy time making Window’s new digital assistant better and better.
Here's a supposedly leaked video of the product:
A growing economy doesn't always help everyone.
"One thing is a society where the middle class is growing," says economist Julian Messina, with the World Bank. "And a different thing is a society where inequality is falling."
The middle class is on the agenda of the World Economic Forum on Latin America, now underway in Panama. But unlike in the U.S., the gap between rich and poor in Latin America has narrowed. And the middle class has grown.
That’s largely due to economic growth, with help from assistance programs that promote social advancement.
"And these are notable because they give subsidies to poor families, but they're conditional upon sending children to school and vaccinating children," says Barbara Kotschwar with the Peterson Institute for International Economics.