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Inequality, Climate Change And The Role Of Central Banks

What do interest rates and bank regulations have to do with social justice and environmental decay? Potentially, quite a bit. Central banks can and should pay close attention to key issues like income inequality and climate change even if these fall outside their traditional mandates, argues Patrick Honohan, former governor of the Central Bank of Ireland, in a recent working

The Latin America and Caribbean Advantage: Family farming

The region of Latin America and the Caribbean (LAC) has made great strides in reducing hunger and poverty thanks to a positive macroeconomic environment and policies favouring the most vulnerable families. Today, however, the region is seeing an economic slowdown and there has been an increase in poverty over recent years (FAO, 2018a). Hunger, poverty

2019-12-05T08:08:12-06:00Tags: |

A small tech company tried it all to stop employee turnover. Only one thing worked

Most companies don't like to admit they have any turnover. For years I didn't, either. We have always been an employee-focused company that has done everything in our power to hold on to our employees, building what I thought was a great culture. Beer on tap, dogs in the office, unlimited paid time off and,

Will Saving Or Paying Down Debt Be Better For Your Financial Wellness?

One of the most common questions we get is about how to prioritize your savings. If you’re like most Americans, you may have some credit card debt to pay off, an emergency fund to build up, and a retirement to invest for, but your savings to fund these goals are shall we say…limited. While financial

Winners announced in the Tackle Energy Poverty Solutions initiative

More than 50 million households in the European Union are struggling to attain adequate warmth, pay their utility bills on time and live in damp and mold-free homes, according to the EU Energy poverty observatory. The situation is especially grave in parts of the CEE region, where 41,3% of Bulgarians (regional “champions”) were unable to

2019-12-05T07:52:00-06:00Tags: |

Wage Inequality Has Surged in American Cities

One of the most important economic stories of the past couple of decades is the rise of economic inequality in the United States and around the world. As readers of CityLab know, inequality is stark in the “superstar” cities that power advanced economies. In a new study, economists at the Federal Reserve Bank of New York

How Markets Can Change to Ease Economic Inequality

With income inequality a front-burner issue, nearly 200 scholars, venture capitalists, and leaders of socially focused nonprofits gathered at Stanford Graduate School of Business in mid-October to examine strategies aimed at benefiting the poorest 50% of the population. The Innovation for Shared Prosperity Conference focused on innovative financial, social, and research models that can improve

2019-12-04T06:38:25-06:00Tags: |

This social enterprise is fighting air pollution with its affordable DIY purifiers

This year, Delhi’s air quality reached ‘severe’ levels with close to 500 AQI, and many people in the city were seen making a beeline in front of shops to buy air purifiers, burning a hole in their pockets. But Smart Air India, a social enterprise built around the ethos of frugal innovation, is disrupting the

Doctors give electronic health records ‘F’ rating

On a scale that measures the user-friendliness of various everyday technologies, Google, not surprisingly, ranks right at the top. Microwave ovens, aren't far behind, followed by ATMs. Microsoft Excel hovers somewhere near the bottom. And then, well below that, when ranked by physicians, comes electronic medical records, according to a study published online in the

2019-12-04T06:28:55-06:00Tags: |

Creating the conditions for a globally just energy transition

How can the energy transition be organized in a globally just way? Will developing countries struggle to transition to clean energy because they lack the financial and technical means? A new Policy Brief by the Institute for Advanced Sustainability Studies (IASS) focuses on the risks of an uneven transition and makes concrete proposals to prevent

2019-12-03T05:04:03-06:00Tags: |

Is It Possible To Achieve Financial Stability Through Workplace Wellness Programs

Research from PwC suggests companies need to offer a cohesive and holistic financial wellness program for their workforce. Personal finance is a major cause of stress and anxiety, particularly among Millennials, with 71% of Millennials saying finance-related stress has increased over the past year. Financial wellness means being stress free and achieving financial stability, and

Eliminating learning poverty a priority

For most children, turning 10 is an exciting moment. They’re learning more about the world and expanding their horizons. But too many children-more than half of 10-year-olds in low and middle-income countries-cannot read and understand a simple story. We are in the middle of a global learning crisis that stifles the opportunities and aspirations of

The trick that’s 117 times better at saving the planet than reducing your flying

Investing your pension in an environmentally friendly way could have 117 times the impact of someone who limits themselves to one return flight a year. This sustainable saver would also have 82 times as much effect on climate change as someone who takes the train instead of driving and 37 times that of someone who reduces their meat

Industry executives: Profits drive rising prices for MS drugs

U.S. Medicare patients with multiple sclerosis often pay, on average, nearly $7,000 out of pocket to treat their condition each year. And, even though drug companies have provided no new treatment breakthroughs, the price of these disease-modifying medications is rising by 10% to 15% each year for the past decade. To find out why, a

2019-12-03T05:11:16-06:00Tags: |

Bacterial communities ‘hitchhiking’ on marine plastic trash

Millions of tons of plastic trash are fouling the world's ocean, most of it tiny pieces of microplastic less than a quarter-inch in size. Even the smallest marine animals can ingest these microplastics, potentially threatening their survival. Marine microplastics aren't floating solo, either -- they quickly pick up a thin coating of bacteria and other

2019-12-03T04:57:36-06:00Tags: |

Superbugs lurking in more than nine in ten make-up bags

The vast majority of in-use make-up products such as beauty blenders, mascara and lip gloss are contaminated with potentially life threatening superbugs, new research from Aston University published in the Journal of Applied Microbiology has revealed. Make-up products used every day by millions of people in the UK are contaminated with potentially deadly bugs, such

2019-12-03T04:53:04-06:00Tags: |

From The Soular Backpack To SAMARA: One Impact Entrepreneur’s Pivot

Like all entrepreneurs, creators of social enterprises typically pivot at some point. But for many impact founders, that change in plans results from an unexpected discovery: Consumers typically buy their products based not on the enterprise’s larger social purpose, no matter how compelling, but because they simply like the stuff. That’s certainly been the experience

Watch 4 Decades of Inequality Drive American Cities Apart

In 1980, highly paid workers in Binghamton, N.Y., earned about four and a half times what low-wage workers there did. The gap between them, in a region full of I.B.M. executives and manufacturing jobs, was about the same as the gap between the workers near the top and the bottom in metro New York. Since

Impact investing must do what it says on the tin

Bill Gates, the billionaire co-founder of Microsoft, the software company, recently caused a stir in the sustainable-investing world by declaring that campaigns to get investors to shun the most polluting stocks had probably reduced global emissions by, er, zero. Activists would do better to put money into companies working on innovative ways to cut emissions or