First the Giving Pledge and now the Investing Pledge
Which Leading Investors are Seeking Profit and 100% Impact by 2020?:
If Bill Gates and Warren Buffett are willing to eventually give away all of the wealth through philanthropy, just image the positive impact they could create if they agreed to make all of their investments reflect their values and philanthropic goals.
If Bill Gates and Warren Buffett are willing to eventually give away all of the wealth through philanthropy, just image the positive impact they could create if they agreed to make all of their investments reflect their values and philanthropic goals.
Future of Impact Investing from Sir Ronald Cohen
Is impact investing the Next Big Thing? I hope so as we work through how to move capital into this strategy/asset class/sector. Sir Cohen sees the foundation community's endowments as critical to the shift.
Future of Impact Investing
Future of Impact Investing
Gabrielle Giffords' Powerful Message to our Shameful U.S. Senate
I think Gabrielle Giffords' op-ed piece on the shameful behavior of our U.S. Senate is the most powerful message I have heard about the need to control gun violence in our country. I hope you read it.
http://www.nytimes.com/2013/04/18/opinion/a-senate-in-the-gun-lobbys-grip.html?smid=pl-share
http://www.nytimes.com/2013/04/18/opinion/a-senate-in-the-gun-lobbys-grip.html?smid=pl-share
San Francisco Fed's Community Development Investment Review Issue on Pay for Success Financings
I am pleased to be part of this issue with an article on the role that CRA banks can play as pioneer investors in pay for success financings.
http://www.frbsf.org/publications/community/review/vol9_issue1/index.html
http://www.frbsf.org/publications/community/review/vol9_issue1/index.html
NYC's Social Impact Bond on the PBS Newshour
Making Sense is the goal of this segment - I think it is a good overview
http://www.pbs.org/newshour/bb/business/jan-june13/bonds_04-09.html#
http://www.pbs.org/newshour/bb/business/jan-june13/bonds_04-09.html#
Third Sector Case Study: Preparing for a Pay for Success Opportunity
Illinois to Launch 2nd SIB in US
If all politics are local, how can we ever hope to solve global challenges like climate change?
In this article on the History of Earth Day, it becomes clear that the strategy of environmental organizations to engage with corporations to support climate change legislation in the U.S. did not work in the absence of a grassroots movement. It's not about messaging. It is about exercising political power through democratic structures - sounds naive but there doesn't appear to be a better substitute.
http://www.newyorker.com/arts/critics/atlarge/2013/04/15/130415crat_atlarge_lemann
http://www.newyorker.com/arts/critics/atlarge/2013/04/15/130415crat_atlarge_lemann
Mixing Economics and Philosophy Over Lunch
Harvard Philosopher Michael Sandel's critical take on Imperial Economists like Larry Summers and how we can begin to challenge our prevailing "culture of the transaction" makes for an interesting FT Lunch article.
http://www.ft.com/intl/cms/s/2/bd509112-9c55-11e2-9a4b-00144feabdc0.html#axzz2Ph2kofNJ
http://www.ft.com/intl/cms/s/2/bd509112-9c55-11e2-9a4b-00144feabdc0.html#axzz2Ph2kofNJ
Physics Envy on Wall Street?
A fascinating story about the fallacy behind the rigor of Wall Street Quants and regulators' feeble attempts to manage them. John Breit, the former head of Risk Management at Merrill Lynch, explains why successful risk management requires human spies gathering intelligence more that quantitative models which try to ape the hard sciences like physics. It also includes a damning portrayal of how disconnected and isolated the senior management of financial institutions are from the real risk taking activities of the firms they lead.
http://dealbook.nytimes.com/2013/04/03/uncovering-the-human-factor-in-risk-management-models/?smid=pl-share
http://dealbook.nytimes.com/2013/04/03/uncovering-the-human-factor-in-risk-management-models/?smid=pl-share
BRIGHTON: Social Impact Bonds have promise if scrutinized | The Chronicle Herald
http://thechronicleherald.ca/business/1120334-brighton-social-impact-bonds-have-promise-if-scrutinized#
Nova Scotia moving forward with first Canadian SIB
Nova Scotia moving forward with first Canadian SIB
Health Impact Bond Proceeding in California
http://www.socialfinanceus.org/sites/socialfinanceus.org/files/imce/user/u104/Fresno%20Asthma%20Demonstration%20Project%20Press%20Release.pdf
Can Impact Angels Bridge the Gap in Social Funding?
This FT article with a profile of Suzanne Biegel updates the state of social enterprise financing and the important role impact angel investors can play. http://www.ft.com/intl/cms/s/0/47af39ba-90b9-11e2-862b-00144feabdc0.html#axzz2ONuHiaMD
As a member of Freelancers Union since 2003, I am pleased to see its success and growth. This quote seems to sum it up: “It reminds me of the old guilds” — the precursors of modern-day labor unions — “that focused on workers’ individual autonomy, trying to build their own careers, with the backing of a collective organization to assist them,” says Janice R. Fine, a professor of employment relations at Rutgers University.
http://www.nytimes.com/2013/03/24/business/freelancers-union-tackles-concerns-of-independent-workers.html?smid=pl-share
http://www.nytimes.com/2013/03/24/business/freelancers-union-tackles-concerns-of-independent-workers.html?smid=pl-share
Not London, Not New York: Emerging Centers of Gravity for Impact Investing Are in the Global South
Belly Tranches and The Big Whale
The fact that the US government wants us to subsidize the big banks while applying the "too big to jail" principle, makes this story about the hubris and incompetence of JP Morgan's risk management essential reading.
http://www.nytimes.com/2013/03/22/business/behind-the-derivatives-gibberish-risks-run-amok.html?smid=pl-share
http://www.nytimes.com/2013/03/22/business/behind-the-derivatives-gibberish-risks-run-amok.html?smid=pl-share
Are We Living in a Material World?
David Brooks as well as The Economist are talking about the importance of natural resources and agriculture for the US economy. The US reduction in carbon emissions has been driven by the Great Recession as well as a dramatic shift into natural gas from coal and oil. How can we start to reconcile these forces with the call to divest from fossil fuels?
Article | The Real Winners Of The Global Economy: The Material Boys
Article | The Real Winners Of The Global Economy: The Material Boys
CT News Junkie | OP-ED | The Delivery of Social Services Can Save Money
Brian O'Shaughnessy of Community Impact Strategies makes an important call to action for social impact bonds in Connecticut. I was at the meeting in Hartford and I hope that the energy in the room in December can actually create some real change.
CT News Junkie | OP-ED | The Delivery of Social Services Can Save Money
CT News Junkie | OP-ED | The Delivery of Social Services Can Save Money