We all know that children who grow up in disadvantaged homes face unique challenges to their well-being and their chances for success later in life. But growing up in low-income circumstances isn’t a blanket predictor of a child’s future; some may do well, some may struggle.
But are there factors that could predict a child’s future situation? Do children of a particular demographic fare better than those of another in the long run? How much depends on a child’s ability to grow and make his own future, and how much is out of his control?
Five years ago, printing your own book was stigmatized and was seen as a mark of failure.
"But now," says Dana Beth Weinberg, a sociologist at Queens College who is studying the industry, "the self-published authors walk into the room, and they say, oh, well, 'I made a quarter million dollars last year, or $100,000, or made $10,000.' And it is still more than what some of these authors are making with their very prestigious contracts."
The clock is ticking for the Metropolitan Opera in New York. The world's largest opera company may be headed for a shutdown. Most of the union contracts for the Met expire in a week. Yesterday, Met General Manager Peter Gelb sent a letter to the unions, warning them to prepare for a lockout if they don't come to terms.
For months now, the company and its unions have been at an impasse. Management has proposed cutting 16 percent of union members' compensation. Otherwise, Gelb contends, the company could go bankrupt in two to three years.
Bill Simon, head of Wal-Mart's U.S. division, is leaving the retail giant, the company said Thursday.
Any major shake-up at Wal-Mart is closely watched because the company is so important — it tops the Fortune 500 list with annual sales approaching a half-trillion dollars. So lots of people are speculating about what Simon's departure really means. Here are some theories: