At the inaugural conference for the Strong, Prosperous, and Resilient Communities Challenge (SPARCC)—a new $90 million investment initiative centered around making communities more equitable—Shelley Poticha, director of urban solutions at the Natural Resources Defense Council, cited a hard truth. advertisement advertisement “Your zip code is more important than your genetic code for your health outcomes,” she told an audience of 320 community organizers, planners, policymakers, and people with symbiotic relationships between urban design, health, and economics who gathered at the Schomburg Center, in Harlem, New York City. But the first step to building more equitable communities begins with health, SPARCC argues. “It’s difficult to have conversations about equity because there are complications about what racial equity means,” says Paul Aldretti, program coordinator with Mile High Connects, a Denver organization that’s working … [Read more...] about Inside The $90 Million Initiative To Reverse Urban Inequality
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Peter Landesman is used to tackling tough subjects. The former New York Times Magazine journalist has written about everything from Russian arms traffickers to genocide in Rwanda. So perhaps it’s not surprising that he sounds non-plussed when he talks about doling out some harsh blows to the NFL in his new film, Concussion. Based on a true story, the film stars Will Smith as Dr. Bennet Omalu, a forensic pathologist who first diagnoses C.T.E., a degenerative brain disease linked to repeated head blows, in 2005. Omalu discovered several cases of C.T.E.-amongst former NFL players whom he performed autopsies on, a number of whom had ended their lives in suicide. He, and the film, attack the NFL for initially denying any connection between C.T.E. and football players, and trying to discredit Omalu’s findings. advertisement advertisement “[NFL commissioner] Roger Goodell doesn’t really worry me that much,” say Landesman, who wrote and directed the … [Read more...] about How Writer/Director Peter Landesman Took on the NFL With ‘Concussion’
The Reserve Bank of India (RBI) net sold $18.662 billion of the greenback in the spot market, during the first seven months of the current financial year, according to RBI data.In the same period last year, RBI was a net purchaser of the greenback, as it had bought $16.301 billion. In September, 2018, RBI sold $31 million of the US currency in the spot market on a net basis, as per the latest RBI data.In the reporting month, the central bank purchased $1.012 billion, while selling $1.043 billion in the spot market. In August, and July, it had sold $2.323 billion and 1.87 billion, respectively, on a net basis.Close The apex bank said that In April, May and June, it had, on net basis, sold $2.483 billion, $5.767 billion and $6.184 billion of the US currency, respectively. In September 2017, RBI had net bought $1.259 billion of dollar, after it purchased $3.788 billion and $2.529 billion in the spot market. related news Banking | Should RBI have a Deputy Governor based outside … [Read more...] about RBI net sells $18.66 billion between April-September
Rising oil prices and global liquidity are the biggest risks for Indian equity markets, according to Alok Singh, Chief Investment Officer, BOI AXA Mutual Fund.The foreign portfolio outflow in April stood at Rs 15,561 crore and Rs 29,775 crore in May, taking the aggregate for the first five months of this year to a net outflow of Rs 32,078 crore.On the other hand, last year the FIIs were net buyers in the same period, with net inflow of Rs 51,000 crore.Close Brent crude rose 27 cents to $75.65 a barrel on Tuesday, with oil prices hitting two year highs in the first half of the year. related news Kiran Mazumdar Shaw settles alleged insider trading case with Sebi in Infosys matter Fiat Chrysler to recall nearly 700,000 SUVs for electrical fault risk OYO appoints Betsy Atkins as independent director In a freewheeling interview with Moneycontrol, Singh tells that the fund house follows a bottom up stock selection strategy and is optimistic on consumer discretionary, … [Read more...] about BOI AXA Mutual Fund’s Alok Singh likes consumer discretionary, metal and NBFC shares
Launched in April last year, the ImpactUs marketplace was supposed to open up impact investing to new organizations and new funders. It was meant to be a major development in the emerging–but still limited–field of investing for both financial, and social and environmental, benefit. But, little more than eight months later, it has closed. “The ImpactUs Marketplace was formed with the goal of simplifying the impact investing process,” reads a message on the group’s website. “Unfortunately, we have had to make the difficult decision to cease operations.” advertisement advertisement By making it easier for investors and mission-driven organizations to find each other and do business, the Kickstarter-like platform was set to spur major “new deal flow,” according to its founders. They hoped to be doing deals worth $100 million by now, and to have $3 billion in assets under management within 10 years. But … [Read more...] about This Impact Investing Platform Was Set To Be A Game-Changer. So Why Did It Fail?