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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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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News Network
May 6,2020

Hyderabad, May 6: Away from city lights, two hours before Sunrise, people in India and across the world can witness Annual Meteor Shower called Eta Aquarids till May 28.

Observed since time immemorial, Meteor shower are commonly known as shooting stars which are nothing but dust flakes of comet/asteroid entering earth atmosphere.

This Annual Eta Aquarids Meteor Shower peaked on Wednesday at 02.30 am on Wednesday whereas presence of Full Moon was an obstacle outshining bright streaks of lights of this meteor shower zipping across the South Eastern sky.

As this meteor shower is active till May 28, people can still watch this celestial spectacle in early morning every day, Planetary Society of India (PSI) Director N Sri Raghunandan Kumar interacting with UNI said.

As per International Meteor Organization (IMO), 50 meteors per hour are expected to be seen on day of peak today. And this number would vary as days pass on till May 28 while earth passes through dust cloud of comet debris in its orbit.

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Agencies
June 22,2020

Chennai, Jun 22: Commuting the death sentence to life imprisonment for five convicts, the Madras High Court on Monday set free Chinnasamy, the main convict, who had also been sentenced to death in the Udumalpet Shankar honour killing case.

A Division Bench comprising Justice M. Sathyanarayanan and Justice M. Nirmal Kumar also dismissed the appeal by the state police against the acquittal of three persons by a lower court.

The Bench ordered the five convicts sentenced for life to undergo a jail term of not less than 25 years.

In 2016, V. Shankar, who had married C. Kausalya, was killed by a gang in Udumalpet in Tamil Nadu. The gang also injured Kausalya in the attack.

It was alleged the parents of Kausalya -- Chinnasamy, Annalakshmi -- were against the marriage.

P. Pandidurai, the uncle of Kausalya at the behest of Chinnasamy and Annalakshmi had hired a gang to kill Shankar.

The gang killed Shankar in broad daylight in a public place and Kausalya too got injured in the attack as she tried to save her husband.

The Principal District and Sessions Court in Tiruppur had convicted and sentenced to death six accused persons -- Chinnasamy, P. Jagadeesan, P. Selvakumar, M. Manikandan, M. Mathan alias Michael and P. Kalaithamilvaanan.

The court also sentenced two other accused, K. Dhanraj for life and Manikandan to a five year jail term, while acquitting Annalakshmi, Pandidurai and Prasanna.

The convicts had filed an appeal against their sentence in the Madras High Court while the police filed an appeal against the acquittal of three persons.

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