What Works News Round-Up – July 7, 2015
In the News
Here is some of the latest poverty and community development news from this past week.
Forbes (7/3/15) Education Alone Will Not Solve Income Inequality
We often reference the “achievement gap” when discussing how certain student groups perform better than others. For instance, low-income students are graduating at a rate of 15 percentage points behind their more affluent peers, according to a recent GradNation report. Or that the graduation rate for Hispanic/Latino students in New York is nearly 20 points below the national average among all students.
Huffington Post (7/2/15) What We Learned From the Nation’s First Social Impact Bond
Since this first U.S. social impact bond was launched in 2012, the appetite for these strategies has grown. Goldman Sachs invested in three more social impact bonds and early indications show encouraging progress with further results expected later this summer. Numerous other financial institutions and private investors have followed suit. In Washington, the Senate and House are considering bipartisan legislation to target federal dollars to social impact bonds.
Next City (7/1/15) U.S. Inequality in One Interactive Map
The rich are richer, and the poor are poorer, and everyone lives in generally the same places they have for the last two decades. This takeaway from the Urban Institute’s “Worlds Apart” report, which analyzes 20 years of data from its Neighborhood Change Database, might not be all that shocking. But the Institute’s new interactive map offers an easy-to-read and troubling snapshot of American inequality, particularly as that sameness exacerbated the divide.
Business Insider (6/29/15) Troubling New Study Explains One Big Reason for Inequality in America
Black and Hispanic households tend to be located in poorer neighborhoods than white households even when they earn similar incomes, a new study reveals. These findings suggest black and Hispanic kids, by and large, grow up in poorer neighborhoods than white kids. These findings are especially important considering that recent studies have found that neighborhood environments have a direct influence on children’s development and future income-earning potential.
Governing (6/29/15) Obama Tries to End the Cycle of Broken Poverty Promises
In selecting the first set of Promise Zones, President Obama elevated expectations by comparing the effort to the Harlem Children’s Zone, the renowned nonprofit that combines high-quality education with wraparound services for children and families in a 97-block area of central Harlem. The model is extensive. Residents have access to nutrition counseling, exercise classes, parenting classes, pre-kindergarten programs, charter schools, community centers and tax preparation assistance.