Twenty years before J.D. Vance published his best-selling memoir, Hillbilly Elegy, Harvard sociologist William Julius Wilson wrote an elegy of his own. advertisement advertisement “Few observers of the urban scene in the late 1960s anticipated the extensive breakdown of social institutions and the sharp rise in rates of social dislocation that have since swept the ghettos and spread to other neighborhoods that were once stable,” Wilson declared in his 1996 book, When Work Disappears. Although he made clear that these places were not monolithic, most of what he described were communities made up predominantly of African-Americans. “Jobless black poverty areas,” he called them. Vance’s Hillbilly Elegy is, of course, about a different demographic: “the millions of working-class white Americans of Scots-Irish descent who have no college degree.”—or, as he puts it in plainer language, “hillbilly people.” … [Read more...] about For Communities Of Color, Startup Funding Efforts Can Hold Promise And Pitfalls
When Daniel Weiss cofounded Angeleno Group in 2001 to fund green energy companies, few would have regarded him as a master of timing. advertisement advertisement Oil was trading at a lowly $23 per barrel. The California electricity crisis had recently triggered large-scale blackouts across the state. Enron had just gone belly-up. “To launch an investment firm and raise capital to invest in this space . . . maybe we ought to have had our heads examined, ” Weiss, one of Angeleno Group’s two managing partners, told me on the latest episode of my podcast, The Bottom Line. Seventeen years and $2.5 billion worth of investments later, Weiss and his colleagues have proven that they were lot more savvy than silly. Along the way, they’ve kept their eyes on four fundamental drivers: an urgent need to replace an aging and inadequate power infrastructure in the United States and elsewhere; the steadily increasing demand for fuel and electricity as ever more of the … [Read more...] about LISTEN: Why A Pioneering Green Energy Investor Is Optimistic About The Future Of The Planet
Zomato's biggest shareholder, Info Edge, has said that the food delivery platform cut its monthly expenditures to Rs 143 crore ($20 million), The Times of India reported.This is a significant reduction of around 44 percent from the company's Rs 322 crore ($32 million) March spend. The cut was managed despite the start-up expanding operations across 500 more Indian cities, it noted.After announcing its September quarter earnings, Sanjeev Bikhchandani, the co-founder of Info Edge. told analysts that cutting down on discounts and instances of people abusing discounts, and reducing marketing spend brought down the monthly expenditure.Close He added that Zomato would continue to reduce monthly spend and increase volumes. It will be a tough fight as Bengaluru-based rival Swiggy is going all-out at $40-50 million per month to gobble market share. related news Supreme Court to deliver its verdict on pleas seeking Sabarimala judgment review tomorrow 'Vodafone India to head for … [Read more...] about Zomato slashes monthly spends by 44% to Rs 143 crore; company to focus on volume increase: Report
When Nitish Kumar abandoned the Grand Alliance with RJD and Congress to join the National Democratic Alliance (NDA) in August last year, opinions regarding his decision were divided. Some called it a political masterstroke, others called it a mistake; most were cynical. They felt this was perhaps another one of Kumar’s U-turns in his quest to use realpolitik to maintain power, and it could go either way.Maintaining power, as it is turning out, would be difficult. Once considered to be the Opposition’s pitch for Prime Ministerial candidature, Nitish Kumar now seems to be struggling for seats in a state he has ruled for the past 13 years. Kumar had broken his alliance with the NDA before the 2014 general elections, citing differences with PM Narendra Modi.In the elections that followed, Janata Dal (United), Kumar's party, was trounced by the Bharatiya Janata Party (BJP) and its allies in Bihar, reducing the party to two seats while the BJP garnered 22. This was a change from … [Read more...] about Grand Alliance, NDA or go-it-alone: Options galore, but what is Bihar CM Nitish Kumar thinking?
If the Shiv Sena is able cobble up an alliance with the Indian National Congress and the Nationalist Congress Party (NCP) at the state level, it could also be able to hold control over India’s richest civic body – the Brihanmumbai Municipal Corporation (BMC).The Uddhav Thackeray-led party has a total of 94 corporators in the 227-member House. Its ally-turned-foe Bharatiya Janata Party (BJP) has 82 corporators. Even though the two sides are formally not in an alliance in the civic body, they have 176 members, far more than the requisite 114.If the BJP withdraws its support to the Sena, the Congress and NCP could chip in. With Congress’ 30 and NCP’s six corporators, Sena could hold onto BMC. Together, the formation would have 130 seats.Close However, reports suggest that modalities of Congress and NCP supporting Sena at the municipal corporation level, have not been discussed yet. related news Raut discharged from hospital, says next CM will be from … [Read more...] about Here’s how Shiv Sena could retain control over BMC despite split from BJP