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Share to Twitter Share to Linkedin By Timothy Schoof and Danika Borcik n 2019, the Sorenson Impact Center partnered with Forbes to host the Forbes OZ 20 , a national campaign highlighting impact-focused leaders in the Opportunity Zone space. Two and a half years later, as the OZ space has matured, we’re following up with the four lead winners to see where they are now and what insights they’ve gained. This article is the second in the series of four case studies that outlines key lessons and strategies for success. Watch our contributor page for updates. Though urban areas often dominate the national discussion around housing shortages, rural communities throughout the U.S. increasingly grapple with a lack of affordable housing . This scarcity undermines the economic development of rural towns by discouraging migration of new talent and preventing potential homeowners from building wealth. In the face of this challenge, the … [Read more...] about Four Points Funding: A Case Study On Housing Opportunity And Community Impact In Rural Colorado

Commentary on Pac-12 developments on and off the field … Rising: ASU’s outlook Were offseason rosters moves tallied on a scoreboard, the Sun Devils were losing 70-7 in the fourth quarter. But they mustered a rally last week when the transfer portal produced a quarterback who just might alter the 2022 trajectory. Emory Jones won’t be mistaken for a future first-round pick — his performance last season at Florida was decidedly uneven. But Jones instantly improves the overall state of ASU’s quarterback depth and should be considered the frontrunner for the starting job over inexperienced returnees Daylin McLemore and Trenton Bourguet and transfer Paul Tyson, who threw a handful of passes for Alabama. Jones owns more than 400 career attempts and faced some of the best defenses in the country during his Gator career. ASU lost its top playmakers and key offensive linemen. If forced to play a rookie quarterback, the situation would have been deeply dire. With Jones running … [Read more...] about Pac-12 stock report: ASU’s transfer help, Grand Canyon talent and a lack of QB clarity

Will the Avalanche begin 6-0 in the postseason for the second consecutive year? Colorado swept Nashville in the first round and defeated St. Louis, 3-2, in overtime in Game 1 of the Western Conference semifinal series on Tuesday at Ball Arena. Here are three keys for Colorado in Game 2 on Thursday night: 1. Clean line changes. St. Louis’ tying goal that forced overtime in Game 1 came on a bad Avalanche line change, its third such costly mistake of the playoffs. The Blues were on the power play and Colorado made a four-man change with no weakside defense. Defenseman Sam Girard cleared the puck out of Colorado’s zone but only to St. Louis’ blueline, where defenseman Justin Faulk quickly passed it up ice to the Avs’ blueline to forward Jordan Kyrou, who skated in and scored while four fresh Avs defenders were scrambling for position. “Trust me, we’ve talked about that a lot,” Avs coach Jared Bednar said. “We have to have a couple of guys on the weak side … It’s a discipline thing. … [Read more...] about Avalanche vs. St. Louis Blues Game 2: Three keys to victory for Colorado

Share to Twitter Share to Linkedin Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome Powell, who pledged to keep raising interest rates until inflation starts “coming down.” Key Facts Stocks widely rebounded, paring back some of the steep losses from last week: The Dow Jones Industrial Average rose 1.3%, over 400 points, while the S&P 500 jumped 2% and the tech-heavy Nasdaq Composite 2.8%. The market broadly moved higher—with ten out of eleven sectors in the S&P 500 posting gains, as shares of technology stocks and financials led Tuesday’s gains. Markets initially moved higher amid a solid retail sales report and news that China could soon be taking steps to ease lockdowns in cities such as Shanghai, with optimism about reopening helping boost prospects for global economic activity. … [Read more...] about Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation

Share to Twitter Share to Linkedin Topline The stock market selloff resumed on Wednesday amid reinvigorated fears about surging inflation weighing on economic growth, as several major retailers have now reported that quarterly profits took a hit due to rising cost pressures. Key Facts The selloff on Wall Street intensified: The Dow Jones Industrial Average fell 3.6%, over 1,100 points, while the S&P 500 lost 4% and the tech-heavy Nasdaq Composite 4.7%. Markets tanked after disappointing quarterly earnings from major retailers: Shares of Target plunged over 25% after the company warned of rising costs and supply chain issues impacting profits, with the stock on pace for its worst single-day drop in roughly 25 years. The news followed a gloomy outlook from Walmart, with the nation’s largest retailer badly missing earnings expectations due to rising costs, causing shares to fall 11% on Tuesday in their largest one-day drop since 1987. … [Read more...] about Dow Falls 1,100 Points, Stock Market Selloff Continues As Major Retailers Warn Of Rising Cost Pressures

Editor's note: Below you'll find the week 86 release of the NYC Recovery Index, originally published April 26, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index rose slightly in the week ending April 16, 2022, closing in at 75 out of 100 points. Positive developments this week included increases in subway ridership and restaurant reservations, while unemployment insurance claims once again dipped below 2019 levels. On the downside, COVID-19 hospitalization rates continued to rise, as new infections have accelerated in recent weeks, and the city’s rental market tightened. On April 26, mayor Eric Adams addressed the city in the first State of the City address of his administration, outlining key achievements over his first 100 days in office and plans for improving the city. During his speech, Adams unveiled a set of plans to increase investments in the city’s public health, infrastructure, lifting up the city’s youth, … [Read more...] about The New York City Recovery Index: April 25

Share to Twitter Share to Linkedin Higher education has been the bedrock of our society for over 300 years, with just under 4,000 degree-granting institutions. Recently, however, skyrocketing tuition costs have created several challenges and have the general public questioning the value and purpose of higher education. With much public outcry on the value proposition of higher education, can the industry be sustained or reinvented? Many articles have been written about higher education “landlords,” as institutions compete for students based on amenities and facilities. This intense competition for colleges and universities to attract students has resulted in expensive amenities and accommodations to convince students to attend. While this is a nice to have for students, it has also driven up the cost of a college degree to the point where many cannot afford a degree. As competition increases and state and federal subsidies decrease, these additional costs are … [Read more...] about Leaders Share Strategies To Reinvent Higher Education

Share to Twitter Share to Linkedin New data has raised a tantalizing possibility: That for the first time, America's uninsured rate will fall below 10%. (If it hasn't already; the most recently reported data was collected three months ago.) The findings come from the Urban Institute's Health Reform Monitoring Survey , a quarterly survey of non-elderly Americans. And as of March 2015, the Urban Institute's survey found that 10.0% of nonelderly adults were uninsured, down from 17.8% in September 2013, before the Affordable Care Act's insurance exchanges first launched. No major survey has ever found that the uninsured rate in America has hit single digits. However, the uninsured rate is already down to 7.5% in states that have expanded Medicaid under Obamacare, Urban researchers concluded. Of course, Urban's data is just one snapshot of the uninsured in America. Different surveys use different questions and methodologies. Some are thought … [Read more...] about Survey: America’s Uninsured Rate Is Down To 10% – And Falling

Vehicles queue to refuel at a Bangchak petrol station in Bangkok. The cabinet agreed on Tuesday to cut the excise tax on diesel by 5 baht per litre for two months until July 20 to tame inflation. Sarot Meksophawannakul In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead. Take the recent spike in global inflation as an example. The rapid price rise of world commodities began a year before Russia's invasion of Ukraine on Feb 24. The rise in a broad range of commodity prices reflected the recovery in demand after the outbreak of Covid-19 and deteriorating supply due to a lack of investment to expand and maintain supply chains during the Covid years. Here are some examples of commodity price hikes from January 2021 to January 2022, basically a month before Russia invaded: crude oil climbed 57%, phosphate (a key ingredient for … [Read more...] about Spectre of 2023 global recession looms

Share to Twitter Share to Linkedin Oklahoma City Thunder guard Josh Giddey had a spectacular rookie season. The second-youngest player in the NBA during the 2021-22 season, he proved to be one of the most promising prospects in the league. As such, Giddey earned Kia NBA All-Rookie Second Team honors on Wednesday night. He became one of ten rookies to be named to an NBA All-Rookie team and made Thunder history as the fourth player in franchise history to earn NBA All-Rookie team honors. First Team: Scottie Barnes (Toronto) Cade Cunningham (Detroit) Jalen Green (Houston) Evan Mobley (Cleveland) Franz Wagner (Orlando) Second Team: Ayo Dosunmu (Chicago) Chris Duarte (Indiana) Josh Giddey (Oklahoma City) Bones Hyland (Denver) Herbert Jones (New Orleans) A starter from day one in Oklahoma City, Giddey immediately made it clear why he was the No. 6 overall pick in the 2021 NBA Draft. With a unique combination … [Read more...] about Future Thunder Star Josh Giddey Earns NBA All-Rookie Second Team Honors