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Public Tax Returns? No, Just Those of the Well-Off

Senator and presidential candidate Bernie Sanders's reluctance to make his income-tax returns public recently caused a minor fracas within the Democratic Party. Eventually, he capitulated, and the world discovered that Sanders makes about a half-million dollars a year. This revelation is unlikely to cost Sanders support among voters -- after all, Sanders’s policies would raise taxes

Employees’ money worries drain employers’ bottom line

Many employees are still struggling financially, even though the economy is better and unemployment is down. How bad is it?  Statistics show that 80% of U.S. workers are living paycheck-to-paycheck. That causes their own financial stress and creates a problem for employers as well. Whether it’s student loans, car payments, mortgage/rent payments, credit card debt,

As demand for ESG investing grows, so too does the need for high-quality data

Climate change has already begun to affect business, with extreme weather, flooding, wildfires and drought threatening company assets and supply chains. As the environment evolves, companies that improve their energy efficiency and create new products and services will survive and companies that are slow to change will struggle. The financial services community is keenly aware

The shockingly simple way to make packaging more sustainable

If you quickly scan through the products under your sink–counter spray, window cleaner, dish soap–they all have one thing in common: Water is their main ingredient. Until now, few consumers thought this was a problem. But as a growing number of people become increasingly aware of both climate change and plastic pollution, the outsize environmental impact

Evidence suggests volcanoes caused biggest mass extinction

Researchers say mercury buried in ancient rock provides the strongest evidence yet that volcanoes caused the biggest mass extinction in the history of the Earth. The extinction 252 million years ago was so dramatic and widespread that scientists call it "the Great Dying." The catastrophe killed off more than 95 percent of life on Earth

2019-04-23T08:06:41-05:00Tags: |

Thermodynamic magic enables cooling without energy consumption

Physicists at the University of Zurich have developed an amazingly simple device that allows heat to flow temporarily from a cold to a warm object without an external power supply. Intriguingly, the process initially appears to contradict the fundamental laws of physics. If you put a teapot of boiling water on the kitchen table, it

2019-04-22T08:02:45-05:00Tags: |

Huawei’s claim of 100% employee ownership false, may be state-owned

A recent research paper examining Huawei’s ownership structure published Monday refutes the company’s claim of being wholly owned by employees and says that the identity of the actual owners is unknown, and may potentially include the Chinese government. Authored by Donald Clarke of George Washington University and Christopher Balding of Fulbright University Vietnam, the report states that

Inequality Will Eventually Hurt the Rich, Too

Income inequality is harming the economy. Most people spend whatever extra money they earn. The rich, however, are disproportionately likely to save any additional income, which means that income concentration saps consumer demand and threatens the viability of new investments—just as in the 1920s and 1930s. We used to know this. Marriner Eccles, the former

An investing strategy that doesn’t cost the earth

Protesters took to the streets of London this week, in the name of rebellion against governments' perceived lethargy in the face of climate change. Whether their strategy of bringing areas to a standstill actually achieved anything is doubtful. But for savers who want to bring about change in a more pragmatic way, investing wisely could

FPWAs Ending the Poverty to Prison Pipeline Report 2019

A new report by FPWA details the criminalization of poverty. The health and human services sector can disrupt the “poverty to prison pipeline” – but only by becoming aware of the key role they can play in battling poverty, according to the report. “Although the majority of health and human services providers do not currently

2019-04-22T10:51:08-05:00Tags: , |

How are we doing with the environment-related Sustainable Development Goals?

In 2015, the United Nations’ 193 member states established an agenda for the future: 17 Sustainable Development Goals (SDGs) to meet by 2030. The goals encompass economic, social and environmental dimensions of development. To evaluate environmental targets, the United Nations in 2018 identified 93 indicators: statistics such as the material footprint of nations, the national

2019-04-19T08:08:17-05:00Tags: |

Community renewables – on to version 2.0?

In 2014, the government set out a strategy for a million homes to be powered by community energy schemes by 2020, according to the Community Energy Manifesto produced by a coalition of 20 community energy projects and affiliated groups. “Four years on, that vision has been abandoned with only 67,000 homes powered by community energy,”

2019-04-19T07:54:48-05:00Tags: |

Oxfam America leader talks poverty and inequality

In a talk aptly named “Inequality and the Injustice of Poverty” on Tuesday night, President and CEO of Oxfam America Abigail Maxman challenged her audience of around three dozen students and professors in Kresge Auditorium to consider the challenge that these two forces pose today. “The gap between the richest and the poorest has reached

2019-04-19T07:33:05-05:00Tags: |

Financial literacy matters. Here’s what we need to do about it

The lack of financial understanding by consumers has been signaled as one of the main reasons behind savings and investing problems faced by many Americans. To that point, a variety of financial research and reports have made it clear that we, as a country, need to focus on financial literacy. The TIAA Institute-GFLEC Personal Finance Index,

Impact investing is shaping the future of the world

For almost 50 years, Earth Day has been recognized as the largest civic-focused day of action in the world. Since April 22, 1970, Americans have sought out ways to be stewards of the environment through planting trees, riding a bike to work, or cleaning up a community garden. While these actions are admirable, other strategies

Is education the keys to the kingdom?

In New York City, home to our nation’s financial markets, a staggering 74 percent of its students are considered economically disadvantaged. They are parallel worlds, a few miles apart and largely invisible to one another. This is an increasing challenge across our country: How do we build a path to economic mobility for more of

Hydropowered countries suffer higher levels of poverty

Countries relying on the world's biggest and most established source of renewable electricity have seen their poverty, corruption and debt levels rise and their economy slow at significantly greater rates than nations which use other energy resources over the last three decades, a major new study has found. The study also found that hydropower states

2019-04-19T07:47:32-05:00Tags: |

Poverty and health: could epigenetics play a part?

Socioeconomic status and health prospects have been closely associated for some time. Previous theories have established the obvious impacts of poverty on nutrition, stress and available exercise time as the leading drivers for this correlation. However, a recent study led by Thomas McDade of Northwestern University has found that poverty can, in fact, leave impressions

2019-04-19T07:40:29-05:00Tags: |