The Daily Populous

Thursday April 29th, 2021 evening edition

image for Immigrants nearly twice as likely to start businesses

Researchers found that immigrants not only expand labor supply as workers but also expand labor demand as founders of firms, and do so at much higher rates than their native-born counterparts.

Pierre Azoulay, a professor at the Massachusetts Institute of Technology, said he and his co-authors had a "data window into entrepreneurship" that hadn't previously been available to researchers.

Between 2005 and 2010, 0.83% of immigrants in the workforce started a business, compared to 0.46% of native-born individuals; immigrants exhibit an 80% higher entrance rate into entrepreneurship, according to the research.

As business owners, immigrants are also more likely to employ other people, Azoulay said.

For each firm in the 2017 Fortune 500 ranking, the researchers looked at the founding year, founder names and founders' country of birth.

No matter the framework they looked at, though, the basic qualitative story stayed the same, Azoulay said.

The findings of this paper may help to resolve the tension between those two viewpoints, according to the researchers. »

CNN Poll: 7 in 10 who watched say Biden's speech left them feeling optimistic

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(CNN) About half of Americans who watched President Joe Biden's address to Congress had a very positive reaction to the speech, and 71% said they walked away feeling more optimistic about the country's direction, according to a CNN Poll conducted by SSRS.

By a wide margin, speech-watchers said that Biden's policy proposals would move the country in the right direction (73%) rather than the wrong direction (27%).

In a survey conducted before the speech, the same people were a bit less bullish that Biden would lead in the right direction (67% right direction, 33% wrong direction), and that movement came from the independents and Republicans who watched the speech. »

How Harvey Weinstein Stands to Make Millions From 'The Hobbit'

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Thanks to The Hobbit: An Unexpected Journey, the famed executive will be millions of dollars richer.

But with the money still uncounted, a dispute already is brewing over just how much dwarf gold will flow to Harvey and his brother, Bob.

If the movie crosses $1 billion, MGM could become the first studio laying claim to back-to-back $1 billion hits, following Skyfall. »

It’s time to abolish tipping once and for all

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However, when I ask restaurateurs about this, I’m surprised by how many of them say that their clientele is still tipping.

No, tipping is not a method for ensuring or rewarding good service.

As a registered charity, TVO depends on people like you to support original, in-depth reporting that matters. »