231 Front Street, Lahaina, HI 96761 info@givingpress.com 808.123.4567

Tag: Americans

2 Americans win Nobel Prize in economics for improvements to auction theory

Two American economists won the Nobel Prize in Economic Sciences on Monday for improving the way auctions work and creating new auction formats that have benefited sellers, buyers and taxpayers around the world.

Paul Milgrom and Robert Wilson, who are based at Stanford University in California, designed new auction formats for good and services that are difficult to sell in a traditional way, including radio frequencies, airport landing slots and fishing quotas.

Their work resulted in crucial practical applications that have spread globally and “are of great benefit to society,” said Peter Fredriksson, chair of the Nobel committee.

Wilson, 83, developed the theory for auctions of objects with a common value, which is “uncertain beforehand but, in the end, is the same for everyone.”



a screenshot of a computer screen: Americans Paul R. Milgrom, left, and Robert B. Wilson have won the Nobel Prize in economics for 'improvements to auction theory and inventions of new auction formats.'


© Anders Wiklund
Americans Paul R. Milgrom, left, and Robert B. Wilson have won the Nobel Prize in economics for ‘improvements to auction theory and inventions

Read More

Study Shows Black Americans Are Paying More to Own Homes

In a new study from MIT, it has been reported that Black Americans are often forced to pay more than any other group of individuals to own a home.

CNN reports that Black homeowners on average pay more in mortgage interest, mortgage insurance, and property taxes than other homeowners. Written by Edward Golding, MIT’s executive director of the Golub Center for Finance and Policy, the paper concludes that the vast difference between what Black homeowners and white homeowners pay indicates that it’s considerably more difficult for Black homeowners to accumulate wealth through ownership at the same rate as white homeowners. 

The differences between mortgage payments is $743 per year, mortgage insurance premiums $550 per year, and property taxes at $390 per year. Totaling $13,464 “over the life of the line,” the gap could result in up to $67,320 in lost retirement savings. 

“The small differences compounding over the life of

Read More

Why Americans Have Turned to Nesting



logo, icon


© Asia Pietrzyk


It has come to my attention that my apartment sucks. Objectively, that might be too harsh an assessment, but it certainly feels true right now. Don’t get me wrong: It has big, sunny windows; appliances that are functional, albeit old and ugly; and an amount of closet space that I would describe as “enough.” But the many things the apartment leaves to be desired—cheap fixtures, landlord-beige walls, and an ancient tile kitchen floor that never quite looks clean—have become unavoidably obvious to me as I’ve sat inside of it for the better part of this year.

The longer I sit, the more the flaws taunt me. The shallow kitchen sink, combined with the low slope of its faucet, makes it impossible to fill a pitcher straight from the tap, but most of my daily drinking water used to come from a machine at the office. The

Read More

Black Americans are leaving their homes to start their own all-Black communities

This report is part of “Turning Point,” a groundbreaking series by ABC News examining the racial reckoning sweeping the United States and exploring whether it can lead to lasting reconciliation.



a group of people posing for the camera: Renee Walters and Ashley Scott, seen here, started the campaign to buy Freedom, Georgia.


© ABC
Renee Walters and Ashley Scott, seen here, started the campaign to buy Freedom, Georgia.

For now, the small parcel of land known as Freedom, Georgia, is just a campground on red clay under the hot sun. But for the Black Americans who are moving here, it’s a dream.

So far, about 19 families, most of whom are from Georgia, have pooled their money to buy the nearly 97 acres of land in Wilkinson County, which is located about two hours south of Atlanta. It’s their escape, they said, from the everyday racism that feels like a part of life in the United States.



a close up of a tent: About 19 families, most of whom are from Georgia, have pooled their money to buy the nearly 97 acres of land in Wilkinson County, which is located about two hours south of Atlanta to establish Freedom, Georgia.


© ABC
About 19 families, most of whom are from Georgia, have pooled their money

Read More

More Americans sign contracts to buy homes in August

SILVER SPRING, Md. — More Americans signed contracts to buy homes in August, suggesting the hot U.S. housing market will continue to churn well into fall.

The National Association of Realtors said Wednesday that its index of pending sales rose 8.8% to a record high of 132.8. An index of 100 represents the level of contract activity in 2001. It had sunk to a low of 69 in April, when buyers and sellers were sidelined as the coronavirus swept through the U.S.

US HOUSEHOLD WEALTH HITS RECORD DESPITE CORONAVIRUS PANDEMIC

Contract signings are a barometer of finalized purchases over the next two months, so this month’s numbers point to continued strong sales into October.

The housing market has been one of the highlights of the U.S. economy, which is still trying to get back

Read More

More Americans Sign Contracts to Buy Homes in August | Business News

By MATT OTT, AP Business Writer

SILVER SPRING, Md. (AP) — More Americans signed contracts to buy homes in August, suggesting the hot U.S. housing market will continue to churn well into fall.

The National Association of Realtors said Wednesday that its index of pending sales rose 8.8% to a record high of 132.8. An index of 100 represents the level of contract activity in 2001. It had sunk to a low of 69 in April, when buyers and sellers were sidelined as the coronavirus swept through the U.S.

Contract signings are a barometer of finalized purchases over the next two months, so this month’s numbers point to continued strong sales into October.

The housing market has been one of the highlights of the U.S. economy, which is still trying to get back its pre-virus momentum. Contract signings are now 24.2% ahead of where they were last year, after falling

Read More