About Fifty Million Americans are Living in Economic Pain

Stock-Market-despairA study was performed, and it was found that majority of Americans are living in great distress. They have been living in that condition since great recession happened. About fifty million Americans are staying in regions where it is economically distressed. The domestic recovery remains uneven till date. The Economic Innovation Group has released a report, and it states that there is more than twenty-five thousand ZIP codes have recovered after the Great Recession. It accounts to 99% of the United States population. ZIP code results were amassed to profile retrievals in individual counties, congressional districts, cities, and states.

Camden in New Jersey is a city that is considered to be the America’s most dangerous and poorest locales. It is also one of the most economically distressed cities in America. The EIG passes it.

Other cities that are entrenched in poverty in America include Gary, Indiana¸ Flint, Michigan and Youngstown, Ohio frequently features in the report. Among the largest cities in America – New Jersey (Newark) and Detroit (Cleveland) tops as the most distressed cities in the country.

lead_960Most distressed cities in America include Detroit, Flint (Michigan), Albany (Georgia), Harlingen (Texas), Utica (New York), Hartford (Connecticut), Youngstown (Ohio), Gary (Indiana), Cleveland and Camden (New Jersey).

Steve Glickman executive director and co-founder of EIG told in a statement together with the report that millions of Americans are continuing to feel left behindhand by the financial recovery.

Accomplishing the dream of American should not be prearranged by the ZIP number where you have been born.

The researchers of the study examined Census Bureau information and recorded regions depending on their populations corresponding business establishments, employment opportunities, median incomes, poverty levels, unemployment, housing vacancies, and educational attainment. ZIP codes of the city were recorded on a measure from zero to one hundred. The bottom 20% were defined as distressed.

article-0-193DFB3000000578-706_636x382ZIP codes that were in the lowest group were home to more than fifty million United States citizens. A large share is seen in the Southern part. The Southern States hold about 37% of the United States total population. It is home to more than 52% of the American citizens who are economically distressed individuals. 35% of Alabamians and 40% of Mississippians live in ZIP codes that are economically distressed.

For the sake of comparison, Vermont’s of about 1%, New Hampshire residents of about 2% and Maine’s population of about 4% live in economically affected ZIP codes.

Population expansion serves to drive local needs for services, shops, houses and jobs effectively permitting a local frugality to grow together with its total headcount. However, the area that has not been growing does not attract new businesses.

To conclude, the report clearly depicts the US recovery pictures and about the pin codes that are still in distressed position.

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$1M Winning Lottery Ticket remains in the Wallet for Two Months

powerballticketsIt is the latest interesting news we have received from the lottery officials. If you have the habit of purchasing lottery tickets, you will enjoy this news. A person from West Michigan has brought a winning lottery ticket and had placed in his wallet for about two months. He had completely forgotten to look or check whether he had won the ticket. The lottery officials told he has won around $1 million. He has placed before realizing that it is a winning ticket.

Daniel Chase who is 53-year-old, a resident of Alto, Michigan has won $1 million. His ticket was in line with the five white color balls that was drawn on December 16, 2015. A popular new journal ‘ The Morning Sun’ told that the person has bought the lottery ticket in Alma.

Chase told that he has the habit of placing the tickets in the wallet, and he would check after a while. It has made him become a winner after a long time. Last week, he was cleaning the wallet and came to know that he has won the whooping money.

Mr. Chase and Mrs. Chase seem to be excited about their winning money. They have planned to spend the money for assisting their children. They have also planned to travel with family and make home improvements. Powerball lottery tickets are highly popular in the United States.

Another winning news from New Jersey
Last weekend, there is another lucky person who has won the lottery ticket. In New Jersey, $1 million winning lottery ticket was sold for the Saturday lottery drawing. The lottery officials told that the jackpot is about $292 million. The next lottery drawing will be on Wednesday.

If any of the ticket purchasers had got Powerball of 18, then there are chances for the ticket holder to win whooping $266 million jackpot.

It was said that the winning ticket was purchased in 171 Kingston Road, Lake Parsippany General Store, Morris County in Parsippany. If the purchaser has bought the ticket along with Powerplay, then the ticket would be worth $2 million.

The winning tickets were purchased at various locations.

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Companies are not Prepared but Cybercrime Increases Everyday

cybercrimeDigital_MonkeyA new survey has showed companies are not giving importance to cyber security. Online crime is rapidly growing in the United States. The cyber threat is highly possible for companies. The company executives are not prepared to protect their sensitive data. PricewaterhouseCoopers has published Global Economic Crime survey results on Thursday.

The results show that almost around 54% of companies in the United States has experienced cyber threats in one or other form, and worldwide 32% organizations have got affected due to cybercrime. Since 2014, cybercrime incidents has become highly common. It is said that 44% of businesses and companies in the United States remain as victims of cybercrime. When calculated in worldwide level, 24% of respondents have been affected.

The research members told that the remaining corporations could have been unaware of the possibilities and cyber issues. The survey was taken in one hundred and fifteen countries, and around six thousand three hundred and thirty-seven representatives attended the survey.

The Director of National Intelligence in the United States have ranked cybercrime as the leading national security threat. It is said to be more than espionage, weapons, and terrorism of mass destruction. When the company networks are hacked, it can result in expensive repairs. It is possible if they result or expose their valuable information like corporate secrets, payment information, and customer profiles.

The survey taken by PWC has revealed that 7% of global respondents have lost around $5 million due to cybercrime and around 2% have reported that they lost around $100 million. Amjed Saffarani CEO of CyberVista told the reporters that majority of companies purchase lots of expensive software to prevent attacks. Cyber security is mostly viewed as ‘people problem.’ It is necessary to take action in quick time. As a business owner, you should not delay since it has chances to result in major consequences.

He advised that companies should take various steps to stand completely against cyber theft. One of the best ways is to recruit trained professionals to prevent the attack. The companies can also train employees regarding networking security and other needed software solutions. Apart from these, they can use advanced technology and software to track the cyber activity occurrences.