People tend to think gentrification goes like this: rich, educated white people move into a low-income minority neighborhood and drive out its original residents, who can no longer afford to live there. As it turns out, that's not typically true. A new study by researchers at the University of Colorado at Boulder, University of Pittsburgh and Duke University, examined Census data from more than 15,000 neighborhoods across the U.S. in 1990 and 2000, and found that low-income non-white ...

China Census Aims to Chart Shifting Population China began tallying its population on Monday for the first time since 2000, an arduous task at best, likely to be made tougher by the need to count scores of millions of migrant workers in the nation’s big cities. The government said it has sent more than six million census-takers out to survey 400 million households, including the shantytowns and dormitories that often house rural men who have flooded into the cities to work in ...

Half of U.S. pays no federal income tax Credits for low- and middle-income families exempt many Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem. About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization. Most people still ...

Liberal Democratic Party Prime Minister Taro Aso resigned early Wednesday, setting the stage for Democratic Party of Japan leader Yukio Hatoyama to take over the reins of government. Last month, Japanese voters swept Aso's party -- which had governed Japan for nearly 50 years -- from power in the wake of Japan's worst recession since World War II. But voters -- skeptical, pessimistic and impatient -- are unlikely to give the DPJ, which has never held office, much time to ...

It's all but certain that Yukio Hatoyama will be elected Japan's next prime minister on Wednesday. Less clear is the direction the nation will take under him. The country is still reeling from the after-effects of its worst recession since World War II. Unemployment is at historic highs, as is homelessness. Pessimism and impatience dominate the national mood. Against that backdrop, Hatoyama faces delivering on a laundry list of promises. And voters, who handed his Democratic Party of Japan (DPJ) ...

Book Review - America's Cheapest Family The Economides family has gained national notoriety for living on what many would consider meager means. They have appeared on national television and in magazines to describe just how they do it. In this book, Steve presents the lessons they have learned from their own experiences and from the counseling they have provided to other couples in their church. Finding Your Frugal Comfort Level Each chapter is organized around one area of your financial picture, such as ...