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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First, a disclaimer. For the past four years, I’ve used an iPad—equipped with a third-party keyboard and stylus–as my primary computer. I’ve written magazine cover stories, blogged, wrangled spreadsheets, edited photos and videos, marked up PDFs, recorded podcasts, drawn and painted, and pretty much done all the other things I was once most likely to do on a conventional computer. I started back when a fair number of people confidently maintained that iPads were useful only for consumption, not creation, and have never stopped. advertisement advertisement What I’m trying to say is that this is not going to be one of those dispassionate reviews in which a product tester does nothing but calmly dispense buying advice for various types of consumers. The iPad Pro comes as close to checking off all the items on my personal wish list as any gadget I can remember, and I intuitively get what Apple is trying to do with it. My affinity may be a minority … [Read more...] about iPad Pro Review: Bigger, Better, And Built To Create
Choice Equity Broking's IPO report on CSB BankWhile the operations expanded to 16 states and four union territories, business of the bank is much skewed towards Kerala as 267 branches out of 412 (~65%) are located in this particular state. Thereby CSB, (erstwhile known as the Catholic Syrian Bank Ltd.) is a South India based regional bank. • New mgmt, which came in 2016, is currently implementing strategic changes in business model to function efficiently. Since then, the bank has been focusing more on gold and SME loans which are high yielding and comparatively less risky. High exposure to gold loans and decline in slippage turned bank into the profit in H1FY20. • Advances book stood at Rs113 bn as of H1FY20, out of which gold (Rs37.8 bn) and SME (Rs33.6 bn) accounted for 63% of book. NIM improved to 2.8% in FY19 and 3.43% in H1FY20 mainly driven by expansion in gold loan book having yield of ~12.5%. While the mgmt emphasized more on gold and SME loans and also stated … [Read more...] about Avoid CSB Bank: Choice Equity Broking
Enforcement Directorate sleuths on November 21 conducted search operations in the residential premises of a Rose Valley officer and in the apartment of the wife of its chairman Gautam Kundu, who is now in jail in connection with the ponzi scheme scam, sources in the investigating agency said.The search operations were conducted in New Town and in upscale South City, a shopping and residential complex, in Kolkata, the sources said.The ED has been probing the collapse of the chit fund firm Rose Valley which collected nearly Rs 12,000 crore from the general public luring them with abnormally high returns and subsequently failing to deliver.Close "This is a routine process in the course of the investigation", the sources said adding the search operations were conducted at the Rose Valley officer's residence in New Town and the flat of Subhra Kundu, the company chairman's wife, in South City. During the probe several Trinamool Congress leaders had been interrogated and jailed. related … [Read more...] about Rose Valley ponzi scam: ED conducts search operations
Amol AgrawalThe Reserve Bank of New Zealand (RBNZ) has long been a pioneer of many things in central banking. The RBNZ pioneered the practice of inflation targeting 30 years ago in 1989 which soon became a gold standard for central banking worldwide. After the 2008 crisis, it continued to be a pioneer in both monetary policy and financial stability.The RBNZ has made another recent change which is interesting and worth exploring for other central banks.Close Till November 2018, the RBNZ senior management comprised one governor, one Deputy Governor (in charge of financial stability) and two assistant governors — one responsible for economics and the head of operations. On November 2, 2018, the central bank reorganised itself and this led to number of assistant governors increasing from two to five. The new functions given to the three new AGs were: governance, strategy and corporate relations; people and culture and chief financial officer. related news RBI supersedes … [Read more...] about Banking | Should RBI have a Deputy Governor based outside Mumbai?