Nostalgia and pride are powerful motivators for philanthropy, which are how college endowments at the nation’s elite universities got as large as they are today. While thinking back fondly of your alma mater is common enough, now an ambitious new fundraising initiative is testing whether the same attitudes be harnessed to raise money for an institution that needs the cash even more: the New York City housing projects. advertisement advertisement “I take great pride in the fact that I’m a wonderful American dream story,” says Jeff Levine, a wealthy real estate developer who lives on Long Island with his wife and kids–a far cry from where he grew up. Recently, he got to take his children on a field trip to his stomping grounds as a child: his old apartment at Linden Houses in Brooklyn’s East New York neighborhood. Public housing is very different today than it was in the late 1950s and early 1960s when Levine resided there. At the time, … [Read more...] about Will Housing Project “Alumni” Give Back To A Crumbling System?
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Tenants in the Atlantic Plaza Towers apartment complex in New York’s Brownsville neighborhood were fighting to prevent their landlord, Nelson Management Group, from installing facial recognition technology to open the front door to their buildings, calling it an intrusion of their privacy. This week, they succeeded—the group reversed the decision. advertisement advertisement More than 300 residents filed a complaint with the state to block the application in January, voicing fears that the proposed installation is a result of the pressures of gentrification in Brooklyn, with landlords hoping to attract higher-income, white tenants to the majority-black building that contains affordable housing units. The Atlantic Plaza Towers tenants’ success could have wider implications for landlords across the city experimenting with facial recognition technology in their buildings. San Francisco became the first U.S. city to ban government agencies and police from using … [Read more...] about How we fought our landlord’s secretive plan for facial recognition—and won
In a bid to arrest the current economic slowdown, Finance Nirmala Sitharaman on September 14 announced further relief measures with a focus on reviving the housing and export sector.In her previous two press conferences, Sitharaman took stock of the slowdown in auto sector, the cash strapped NBFCs and also announced the mega bank merger as well as upfront recapitalisation.After nationwide consultations, Sitharaman in her September 14 presser announced several measures w.r.t to exports industry including raising of interest equalisation scheme for MSMEs and exporters to 5 percent, replacing Scheme for Remission of Duties or Taxes on Export over MEIS for exports, higher insurance cover, implementation of fully electronic GST refund system, Rs 1,700 crore for export guarantee among others.Close "The finance minister's announcement that an additional Rs 36,000 crore to Rs 68,000 crore will be made available as export credit under the priority sector is definitely … [Read more...] about Key takeaways from FM Nirmala Sitharaman’s third press conference; export, housing in focus
Buying health insurance is an essential item in a personal finance to-do list. If you have already bought one then you are supposed to renew it every year. Over a period of time, the quantum of health insurance required goes up, and so does the premium payable. Rising health insurance premium rates further inflate the bill. That makes many look for larger cover at relatively less price. Some end up buying super top-up policies. Of late, many insurance companies are offering restoration benefit that makes many believe that their existing covers are enough to take care of large hospitalisation expenses.Insurance industry officials tell us that these days some first time insurance-buyers typically want to buy policies with restoration benefit and want to settle for a sum-assured they otherwise would have thought inadequate. At the time of renewal, these insurance buyers may end up opting for the renewal of their base health insurance plan and not renew their super top-up insurance plan as … [Read more...] about Restoration benefit: Should you dump your super top-up policies?
Most people associate 'accident' with vehicles and the injuries if one is hit by them. But, an accident can be situations such as snake bites, electric shocks, drowning, injury by fire or a fall at home.In May 2019, an Insurance Regulatory and Development Authority (IRDAI) Working Group proposed that home insurance policies must cover accidental deaths due to gas cylinder explosion for a reasonable amount.Almost 4,000 lives are lost every year in India due to gas cylinder or stove blasts. More than a lakh individuals die in road accidents in India every year. The list can go on. Accidents happen and one can’t avoid emotional loss and the trauma arising out those accidents.Close Personal accident insurance policies offer financial protection to the insured person in case of accidental death, or partial or total disabilities arising out of the accident. A personal accident cover accounts for many types of accidents, in addition to those caused by a vehicle hit. related … [Read more...] about Explainer | Personal accident insurance: How does it work?