Another initiative will focus on increasing capital for Black-owned businesses. Partners in this area will primarily be community development financial institutions (CDFIs), which aim to expand economic opportunity and revitalize businesses in particularly distressed areas or communities. These CDFIs have grassroots knowledge of their communities’ geographies, markets, and customer bases, and so are able to target which businesses should qualify for capital—and what amounts they should receive. That partnership helps Mastercard, “so that we don’t have to go through and try to make that decision from 50,000 feet,” Blow says. … [Read more...] about Mastercard will spend $500 million to expand financial access in Black communities
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In March, Congress passed the Families First Coronavirus Response Act, which required employers to provide emergency paid sick leave, in most cases two weeks for people directly affected by COVID-19 infection, plus an additional up to 10 weeks of longer family or medical leave for ongoing coronavirus-related problems. But it exempted businesses with more than 500 employees, many of which employ the essential workers most at risk of infection. While the Democratic-controlled House has attempted to close those loopholes, the Senate has not taken up the bill. … [Read more...] about Small-business owners say national paid sick leave wouldn’t hurt their bottom line
The company will also need enough people to register in different corners of the world to make it environmentally feasible to deliver shoes to those zones. (In both directions, sneakers will be shipped in sustainable packaging.) It’s currently targeting a minimum of 5,000 subscribers per customs union, and it won’t deliver to an area unless it reaches that critical mass. It wouldn’t make sense to increase the carbon footprint to deliver one box to a “far-flung corner of Fiji,” Coppetti says. “Everything we gain through the back loop would be lost just on the logistics side.” … [Read more...] about You can only get Swiss running brand On’s new recyclable shoes via subscription
Before the Tokyo Olympics were postponed due to the pandemic, organizers finally decided to move the marathon event from the Japanese capital to the cooler Sapporo, because Tokyo heat in summer 2018 reached a sweltering 106 degrees Fahrenheit. That’s just one example that’s exposed how climate is changing the way sports are being consumed, both for players of local, community sports, and spectators of the global leagues. High temperatures and lack of snowfall are threatening skiing, fires are causing poor health for cricket players in Australia (and baseball players in California), and rising sea levels are flooding golf courses. … [Read more...] about Will people care about climate change once it starts ruining sports?
Global warming has all but guaranteed that storm seasons will continue to intensify, in traditional hurricane hot spots and further afield, meaning more people are likely to be affected by destroyed homes and communities and in need of financial support. But there is never enough support to go around, so charities are always looking to donate as efficiently as possible. A partnership between GiveDirectly and Google.org aims to smooth the process of delivering funds to the people who require them most urgently. … [Read more...] about This new tool pinpoints the communities most in need of disaster relief