Indian moms rank 3rd in foreign-born babies in US

October 27, 2016

Washington, Oct 27: Indian women rank third after their Mexican and Chinese peers among foreign mothers giving birth to children in the US with Asian immigrants increasingly accounting for a larger share, according to a latest study.

IndianAmong new foreign-born US mothers from the top 10 sending locations, those from India stand out for their low share of births outside marriage (one per cent), high rates of college degree attainment (87 per cent) and high annual family incomes (USD 104,500), the Pew Research Center said yesterday.

At the opposite end of the spectrum, new mothers from Honduras stand out for the high share who are unmarried (66 per cent), lack a high school diploma (51 per cent) and are living in poverty (49 per cent), it said.

"New moms from India stand out on both measures – almost nine-in-ten (87 per cent) have a bachelor's degree, and their annual median incomes top USD 100,000," said the study according to which after rising for decades, the share of US babies born to unmarried women has stabilised in recent years, driven by a sharp decline in births outside of marriage among foreign-born women, and a levelling off among US-born women.

According to the report, as per the latest statistics, in 2014 as many as 901,245 babies were born out of foreign-born mothers. Of these, Mexico accounted for the largest share of 287,052, followed by China (44,829) and India (43,364).

The 287,000 births to Mexican-born women in 2014 outnumbered all births to women from Asia, Europe, North America and Oceania combined.

China and India are the next most common origin countries – babies with mothers from these countries each account for five per cent of births to the foreign born.

It said none of the other countries comes even close to India when it comes to education and financial well off.

"The Indian case is particularly extreme – none of the other top sending countries come close in terms of the share of new moms with a bachelor's degree. Some six-in-ten new mothers from China and about half from the Philippines (52 per cent) have this credential. About a third of new mothers from Vietnam (35 per cent) have a bachelor's degree, while 18 per cent lack a high school diploma," the report said.

In terms of financial well-being, Indian-born new mothers have annual median family income more than twice as high (USD 104,500) as new US-born mothers (USD 51,200).

At the other end of the financial spectrum, just four per cent of Indian-born new mothers are in poverty, compared with 26 per cent of US-born mothers, it added.

New mothers from the Philippines, Vietnam and China are also relatively well-off. Those from the Philippines have annual incomes of about USD 75,000, those from Vietnam have incomes of about USD 70,000, and those from China have incomes of about USD 67,000, the study said.

Poverty rates for new mothers from these countries range from nine per cent to 14 per cent. Further more than nine-in- ten mothers of newborns from the Philippines and India are English-proficient, meaning they speak English "well" or better, it said.

"Just one per cent of new mothers from India are unmarried," the report said, adding that marriage is virtually universal among new mothers from India.

Births outside of marriage are also quite uncommon for new mothers from the other top sending countries in Asia: 11 per cent of new mothers from China are unmarried, as are 18 per cent from Vietnam and 19 per cent from the Philippines. The US average is 42 per cent.

Two-thirds of births to women from Honduras are to unmarried mothers. More than half of births to women from most other Latin American countries also occur outside of marriage, it said.

The exception is among women from Mexico: 47 per cent of births to Mexican immigrants occur outside of marriage, a rate slightly higher than among births to US-born mothers who are unmarried (42 per cent).

Pew said some 23 per cent of new mothers from India are 35 years old or older – far below the shares found among new mothers from the other major Asian sending countries.

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Agencies
July 18,2020

New Delhi, Jul 18: India's national cybersecurity agency CERT-in, has warned people of credit card skimming spreading across the world through e-commerce platforms.

Attackers are typically targeting e-commerce sites because of their wide presence, popularity and the environment LAMP (Linux, Apache, MySQL, and PHP), the Computer Emergency Response Team (CERT-In) said in a notice on Thursday.

Recently, attackers targeted sites which were hosted on Microsoft's IIS server running with the ASP.NET web application framework, it said.

Some of the sites affected by the attack were found to be running ASP.NET version 4.0.30319, which is no longer officially supported by Microsoft and may contain multiple vulnerabilities, CERT-In said.

The notice also included a list of best practices for website developers including the use of the latest version of ASP.NET web framework, IIS web server and database server.

The advisory is based on research by Malwarebytes which found that this skimming campaign likely began sometime in April this year.

Credit card skimming has become a popular activity for cybercriminals over the past few years, and the increase in online shopping during the pandemic means additional business for them, too, Malwarebytes said in a blog post, adding that attackers do not need to limit themselves to the most popular e-commerce platforms.

Researchers from global cybersecurity and anti-virus brand Kaspersky had warned in December last year that more cybercriminal groups will target online payment processing systems in 2020. 

It said that over the past couple of years, so-called JS-skimming (the method of stealing of payment card data from online stores), has gained immense popularity among attackers. 

Kaspersky researchers in their report said they are currently aware of at least 10 different actors involved in these type of attacks.

Their number will continue to grow during the next year, the report said, adding that the most dangerous attacks will be on companies that provide services such as e-commerce as-a-service, which will lead to the compromise of thousands of companies.

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Agencies
June 7,2020

New Delhi, Jun 7: The Government of India (GoI) must strengthen the laws to protect animals, said People for the Ethical Treatment of Animals (PETA) India CEO Dr Manilal Valliyate on Sunday, following an elephant's death in Kerala and cow injured due to ingestion of explosives in Himachal Pradesh.

"Such incidents are not just restricted to certain regions but are happening all across the country. PETA receives more than 100 similar cases every day. People send in their complaints to us, not just for cows and elephants but for so many other animals as well," he said.

The PETA chief urged the GoI to strengthen the laws established to protect animals.

"As per the current laws set out against animal cruelty, the perpetrator would only be charged Rs 50,000 as a fine. That is equivalent to no punishment at all," added PETA India CEO.

He expressed his anguish against municipal agencies as well, saying that they are not doing "serious" work. He also highlighted how cows are left on the roads to wander, after milking them, to feed on garbage, in several parts of the country.

"These injustices against animals through explosives has been going on for quite a while. But for the first time, it has received such public attention," he said.

After a pregnant elephant was fed cracker-filled pineapple and her eventual death on May 27 in Kerala's Palakkad district, a pregnant cow sustained fatal injuries on May 25 due to accidental ingestion of explosives in Dadh village of Bilaspur district of Himachal Pradesh.

One person has been arrested in the Dadh village for allegedly hurting the cow.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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