Bethesda, MD — Dr. Thoraya Ahmed Obaid, current Chair of Women’s Learning Partnership’s (WLP) Board of Directors and a former Executive Director of the United Nations Population Fund (UNFPA), has won the 2015 United Nations Population Award in the individual laureate category. The United Nations established the award in 1981 and is presented annually “for the most outstanding contribution to the awareness of population questions or to their solutions.” The award is scheduled to be presented at the United Nations in New York City on June 26.
Dr. Thoraya Obaid (Kingdom of Saudia Arabia) was selected as a 2015 laureate “in recognition of her outstanding dedication and commitment to raising awareness of population issues, with a particular focus on the rights and empowerment of women, girls and young people, including successfully advocating for the expansion of the Millennium Development Goals (MDGs) to address maternal health and save the lives of women; for her pioneering leadership in promoting issues related to sexual and reproductive health in a culturally sensitive manner in conformity with internationally recognized human rights; and for her visionary leadership in including the voices of young people and institutionalizing their role in the work of the United Nations as well as for strongly supporting the establishment of an international network of youth advocates for sexual and reproductive health,” according to the UNPFA information 2015 award program notes.
Dr. Obaid led the UNFPA from 2001 to 2010. As UNFPA Executive Director, she introduced a focus on culture to the Fund’s development work, linking gender, universal values of human rights and values of the human worth promoted by all religions and found in all cultures. She is Chair of WLP’s Board of Directors. Obaid also holds the distinction of being one of 30 women to be appointed as full members 2013-2016 to the Kindgdom of Saudia Arabia’s Parliament (Shura Council) for the first time in that country’s history. A recipient of numerous awards, in 2004 Forbes named her among the world’s 50 most powerful Arab women. Since her retirement, Dr. Obaid has been residing in Saudi Arabia.
The Award Committee for the United Nations Population Award, which made the selections, is chaired by the Czech Ambassador to the United Nations, Edita Hrdá. Other members include Bangladesh, Côte d’Ivoire, Denmark, Grenada, Jamaica, Qatar, Tanzania, Nigeria and Pakistan. United Nations Secretary-General Ban Ki-moon and UNFPA Executive Director Dr. Babatunde Osotimehin are ex-officio members.
Past laureates selected by the Committee included individuals and organizations, such as Bill and Melinda Gates, Dr. Mahmoud Fathalla, Dr. Allen Rosenfeld, the Addis Ababa Fistula Hospital and the Population Council.
About Women’s Learning Partnership
WLP is a non-profit international women’s rights organization comprised of 20 autonomous women’s rights CSOs and dedicated to training and supporting women in the Global South, primarily in transitioning and developing societies, to become leaders and advocates for a just, peaceful world where women’s full human rights are realized and protected. Through this partnership we promote universal human rights, advance democracy, and strengthen civil society, and empower and transform women and youth to harness their tremendous potential as leaders in their families, communities, and societies for a more equitable world. Over the past decade, WLP’s programs and training materials, published in twenty languages, have reached thousands of women in over forty countries, strengthening local organizations to become self-sustaining and to empower women’s movements across the globe. For more information, please visit http://www.learningpartnership.org/.
Soils home to more creatures than there are humans on the earth!
June 25, 2015 — In celebration of the International Year of Soil 2015 (IYS), the Soil Science Society of America (SSSA) is coordinating a series of activities throughout to educate the public about the importance of soil. July’s theme is “Soils Are Living.”
According to July’s IYS monthly leader Mary Stromberger, “soil is a living, dynamic natural resource. It helps us sustain life—but it doesn’t do its job alone. The biodiversity of life in soil is critical to a healthy world.” Stromberger is a soil scientist at Colorado State University.
Here are some facts about life in soil:
As part of their celebration of IYS, SSSA developed a series of twelve 2-minute educational videos. July’s “Soils Are Living” video can be viewed on YouTube at https://youtu.be/Qas9tPQKd8w, or downloaded at www.soils.org/iys/monthly-videos. Educational materials can be viewed at www.soils.org/iys by clicking on the July tab.
Follow SSSA on Facebook at https://www.facebook.com/SSSA.soils, Twitter at SSSA Soils. SSSA also has a blog, Soils Matter, at http://soilsmatter.wordpress.com/. Additional soils information is on www.soils.org/discover-soils, for teachers at www.soils4teachers.org, and for students through 12th grade, www.soils4kids.org.
The Soil Science Society of America (SSSA) is a progressive international scientific society that fosters the transfer of knowledge and practices to sustain global soils. Based in Madison, WI, and founded in 1936, SSSA is the professional home for 6,000+ members and 1,000+ certified professionals dedicated to advancing the field of soil science. The Society provides information about soils in relation to crop production, environmental quality, ecosystem sustainability, bioremediation, waste management, recycling, and wise land use.
New York: Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations Global Compact. The report concludes that the UN Global Compact, as the world’s largest corporate sustainability initiative, and the business community have had an impact on the development of sustainability over the past 15 years. Recommendations that must be implemented to accelerate progress towards a more sustainable future are also highlighted in the report.
“Our assessment shows there has been a clear shift in sustainability development, but in the future the necessary transformative change will only become a reality if we are all able to speed up, scale and strengthen our efforts. It’s not sufficient that business alone is mobilizing. We must therefore offer arenas for collaboration, including for policy makers, science professionals and society at large,” says Dr Henrik O. Madsen, Group President & Chief Executive Officer at DNV GL.
“This report confirms that the tide is turning in corporate practices. Over the past 15 years, companies around the world have been awakening to their role in society and starting to make important strides to operate more responsibly and innovate for a greener, more sustainable future. But there is still a long way to go, and the UN Global Compact remains strongly committed to mobilizing business everywhere to be a force for good,” states Georg Kell, UN Global Compact Executive Director.
Significant changes we have seen over the past 15 years (report findings):
Key changes we need to see over the next 15 years:
Dr Madsen continues “If we want to see radical transformation, probably even creative destruction, change will need to happen simultaneously across all of three interconnected pathways towards 2030:”
Most important measures for fast mobilization:
Dr Madsen points out: “I’m certainly optimistic about the willingness of business to be a partner in solving the serious problems of today’s world and to lead us onto a sustainable pathway. Our assessment shows that most business leaders now have sustainability on their agenda. However, there is still the question of whether we can mobilize fast and broad enough. We therefore endorse the following measures:”
“Finally, we must commit to co-investing in the societies in which we operate. This also entails paying taxes to the communities where we operate and make our profits and stopping any offshoring of environmental and social responsibilities to less regulated markets. With this, we can begin to demonstrate true business statesmanship,” concludes Dr Madsen.
LAIKIPIA COUNTY, KENYA (June 23, 2015) – Loisaba is an unfenced 56,000-acre private ranch in central Kenya’s Laikipia County. It helps to support Kenya’s second largest elephant population, and generates revenue through carefully managed livestock and ecotourism operations. Faced with the threat of Loisaba being sold to developers, The Nature Conservancy and Space for Giants facilitated securing the property to keep it intact and preserve the many benefits it provides for neighboring communities, wildlife, and all Kenyans.
“By protecting Loisaba, we can enhance natural resource management and scale up existing enterprises on the property,” said Charles Oluchina, Director of Africa Field Programs, The Nature Conservancy. “Loisaba has the potential to earn a profit, making it a self-sustaining engine for peace, community development, and wildlife conservation. This is an innovative example of how Africa can both preserve its heritage and create economic opportunities for its people.”
Loisaba also provides refuge for Kenya’s only stable lion population, and an abundance of other wildlife including Grevy zebra, wild dogs, leopard, and cheetah. Loisaba sits in an elephant migratory pathway 100 kilometers north of Mount Kenya, and the Ewaso N’giro and N’gare Narok Rivers form two of the property’s boundaries.
“Securing Loisaba is a critical move to protect elephants in this landscape. As pressure grows, securing large tracts of land is a vital strategy for elephant conservation here.”” Max Graham, Founder & CEO, Space for Giants.
For the past 18 years, Loisaba has been managed sustainably to conserve wildlife habitat and has created over 200 jobs, developed schools and healthcare clinics, and provided managed grazing access for local communities of Samburu and Mukogodo Maasia. These benefits were threatened when the previous owner needed to sell Loisaba Ranch and had offers from land developers. Subdividing this large, intact parcel would lead to decreased habitat and significantly compromise landscape connectivity and associated migrations for elephants and other wildlife as well as decreased economic and development opportunities for local communities.
The Nature Conservancy facilitated a real estate transaction to secure the property and protect the benefits it provides to neighboring communities, and wildlife, and all Kenyans.
Through this transaction, The Nature Conservancy granted $9 million (USD) to the private seller to transfer the property to the holding of the newly established Loisaba Community Trust. It is a Kenyan trust registered under the Trustees (Perpetual Succession) Act in Kenya. The property is now named Loisaba Conservancy.
By working together, The Nature Conservancy, Space for Giants, Northern Rangelands Trust ( 2 Kenyan conservation NGOs), Loisaba Community Conservation Foundation, and Elewana/Cheli & Peacock (the tourism operator), the Loisaba Conservancy will maintain and improve: grazing access for neighboring communities, jobs in ecotourism and ranching, revenues reinvested into neighboring communities (schools, healthcare clinics), and the property’s conservation value including protecting a major elephant migration corridor. These neighbors include Naibunga Community Conservancy, Kirimon, Nalare, and members of P&D Settlement Scheme to the north and west.
“Our hope is to also create additional community conservancies in the area surrounding Loisaba as a means to secure grazing lands for local people and provide improved governance and grassroots decision-making,” said Tom Silvester, Loisaba Conservancy Manager. “We are working closely with Northern Rangelands Trust to expand their proven model of community conservation. The Nature Conservancy brings us these relationships. The future potential to scale up our impact is very exciting.”
The Loisaba Community Trust board of directors and advisory council will include representatives from The Nature Conservancy, Space for Giants, Northern Rangelands Trust, local government and neighboring communities. Loisaba’s Manager and other staff have kept their same roles and responsibilities, ensuring no disruption in the resources and services important to local communities.
Loisaba provides an opportunity to bring local communities, government, private enterprise and NGOs together to build a model for community development and conservation programs that can be replicated in other parts of Kenya and throughout Africa.
The Loisaba Conservancy provides a living demonstration of the benefits of conservation, and will motivate neighbors on communal lands to enact and sustain wise policies for using their own resources. From Loisaba, the partners are already facilitating learning exchanges among nearby communities to share grazing practices that increase the health of grasslands and reduce the consequences of drought.
Visit Loisaba – Loisaba is outstandingly beautiful, its abundant wildlife is truly wild and its accommodation is comfortable beyond measure. Whether sleeping under the undisturbed African night sky on our unique Star Beds, rafting down the majestic Ewaso Ngiro and Ng’are Narok Rivers, or watching Africa’s best wildlife, a visit to Loisaba is unforgettable. Tour operator Elewana/Cheli & Peacock has over 30 years of tourism experience in Africa. Elewana is a collection of 14 of the best boutique properties in East Africa and Loisaba now joins their elite ranks. Cheli & Peacock a company founded by Stefano Cheli and Liz Peacock in 1985 built and managed 6 famous properties, Elsa’s Kopje, Tortilis Camp, Lewa Safari Camp, Elephant Pepper Camp, Joys Camp and Kitich Camp in the Mathews Mountains.
Art For Life Honorees Include Dave Chappelle, Simon And Michaela De Pury, Ava Duvernay & Featured Artist Wangechi Mutu
Hosted By Soledad O’brien With A Special Performance By Bell Biv Devoe, And Music By Dj M.O.S.
Honorary Chairs Include Star Jones And Loren Ridinger & Jr Ridinger
2015 Art For Life Sponsors Include Gold Sponsor Bombay Sapphire® Gin And Silver Sponsor Merrill Lynch
NEW YORK, NY (June 24, 2015) – Rush Philanthropic Arts Foundation is proud to celebrate its 20th Anniversary at the 2015 ART FOR LIFE Benefit on July 18th at Fairview Farms in Bridgehampton, NY. This year’s gala will honor Dave Chappelle, Michaela and Simon de Pury, Ava DuVernay, and featured artist Wangechi Mutu for their support of the arts, career achievements, and overall commitment to our communities.
This year’s private event will be hosted by longtime Rush friend and supporter, Soledad O’Brien, and include a special performance by Bell Biv Devoe, and music by DJ M.O.S. The evening will also include a special presentation to the recipients of the 2015 Kimora Lee Simmons Scholarship, graduates of the Rush Teens program. Star Jones, and Loren and JR Ridinger will serve as Honorary Chairs. Artfully crafted concoctions created by Art For Life Gold Sponsor BOMBAY SAPPHIRE® gin in honor of the 20th Anniversary will be served throughout the evening. This year’s benefit is also supported by Silver Sponsor Merrill Lynch.
Past honorees and supporters have included Michael R. Bloomberg, Kimora Lee Simmons, Tyler Perry, Nick Cannon, Mariah Carey, Grant & Tamia Hill, Mary J. Blige, Edward Norton, Tamara Mellon, Oprah, President Bill Clinton, Will Smith, Deepak Chopra, Martha Stewart, Kelly Ripa, Ruby Dee, Donald Trump, Jamie Foxx, LA & Erica Reid, Swizz Beats, Vanessa Williams, Christy Turlington Burns, Patrice & Precious Motsepe of African Rainbow Minerals, Serena Williams, Kerry Washington, Rachel Roy, Tim Gunn, Forest Whitaker, Lady Gaga, Sarah Jessica Parker, Donna Karan, Susan Sarandon, Magic Johnson, Shepard Fairey, Alec Baldwin, Anna Wintour, Jerry Seinfeld, Arianna Huffington, LL Cool J, Billy Joel, Jay-Z, Coldplay, Gayle King, Alicia Keys, Sean “Diddy” Combs, John Legend, Gordon Parks, and Tommy Hilfiger among others.
This year’s Art For Life will feature a coinciding Art For Life online auction via Charitybuzz launching on July 9th, to support and bid please visit charitybuzz.com/artforlife. In addition there will a preview of the Art For Life Art Auction, set for December 2nd during Art Week Miami, on display at the benefit including works by 2015 Featured Artist Wangechi Mutu, 2009 AFL Featured Artist Shepard Fairey, 2006 Featured Artist Kehinde Wiley and many more!
Proceeds from ART FOR LIFE benefit the Foundation’s signature arts education and gallery programs, which over the past 20 years have directly served over tens of thousands of inner-city youth.
For additional information or to purchase tickets for 2015 ART FOR LIFE, visit www.rushphilanthropic.org/artforlife.
About Rush Philanthropic Arts Foundation
Rush Philanthropic Arts Foundation (RPAF) is dedicated to providing inner city youth across New York City with significant exposure to the arts, as well as to supporting emerging artists with exhibition opportunities.
Rush was founded in 1995 by three brothers: Danny Simmons, visual artist and community builder; media mogul Russell Simmons; and Joseph “Rev. Run” Simmons of the legendary hip-hop group Run-DMC. Their goal was to fill the gap that the disenfranchised and people of color faced in both accessing the arts and exhibition opportunities.
Over the past 20 years with the help of a broad base of friends, collaborators and supporters, Rush has been able to develop it’s main two program areas – Rush Education art programs for our youth and Rush Arts Galleries supporting and featuring emerging artists nationwide – working together in a seamless way to open up the arts to populations facing hurdles to the joy and benefits of these experiences. Designed to inspire students, provide positive alternatives to high-risk behaviors and support increased academic performance, Rush Education programs- Rush Little Kids, Rush Kids, Rush Teens and Rush Galleries in Schools– directly serve over 3,000 students annually. In addition, each year through our Rush Arts Galleries- Rush Arts Gallery in Chelsea, Manhattan and Corridor Gallery in Clinton Hill, Brooklyn- exhibit the work of over 100 emerging and community-based artists; welcomes over 10,000 gallery visitors; and provides unique opportunities for young people interested in careers in the arts.
Art saves lives, it is that simple. Rush Philanthropic believes that if you give young people the opportunity to practice and appreciate art — whether poetry, music, dance, or the visual arts — then you will see lives transformed as young people learn to value their own unique voices and visions. It is this type of impact we aspire to see happen and that your support will make possible.
ART FOR LIFE hashtag #ArtForLife
20th Anniversary hashtag #RPAF20
ABOUT BOMBAY SAPPHIRE
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How to use philanthropic investments effectively as a driving force for positive change is at the heart of a new short film designed to seek out and inspire individuals in the Bay Area and beyond to do their part to end extreme poverty in this lifetime
For it’s latest theme, Battery Powered has aligned itself with UN goals to bring global extreme poverty rates to zero by 2030, giving $1.3 million to organizations with leading poverty alleviation solutions
San Francisco CA, June 24 – Members of Battery Powered, the philanthropic program of The Battery SF, joined together to explore what it will take to end worldwide extreme poverty over the next 15 years. Battery Powered galvanized this commitment in light of the 70th anniversary of the signing of the UN Charter and the commemorative events happening in San Francisco on June 26th. The UN has targeted 2030 as the date for the eradication of extreme poverty.
As part of their efforts in this giving theme, Battery Powered has released a short documentary, Ending Extreme Poverty, the latest installment in the Battery Powered Views film series. The film can be seen HERE.
Ending Extreme Poverty highlights the ways everyone can contribute to a world free from global poverty, taking a cue from UN Secretary General Ban Ki-moon who is quoted in the film saying, “We are the first generation that can end poverty. We are in this together. Let’s make 2015 a time for global action.”
The Battery Powered Views series is designed as a tool to seek out and inspire individuals—both new and experienced in philanthropy—and join them with the 350 others already in the Battery Powered fold. In June to further its commitment ending extreme poverty, the Battery Powered membership gave an unprecedented $1.3 million to leading organizations working to end extreme poverty by 2030.
“The goal here,” says Abbey Banks of Amplifier Strategies, the agency that designed the giving program, “is to bring a group of committed people together to learn about a range of issues, discover what inspires them, and explore new ways of giving back that will make their philanthropic dollars go farther. Big or small, every commitment is amplified through the support of the rest of the membership and the community.”
The model of philanthropy at Battery Powered is a much more robust version of a traditional giving circle. “The Bay Area thrives on innovation, and Battery Powered provides a structure for more people to work together to back solutions that address today’s biggest challenges, such as extreme poverty,” says Banks. “Battery Powered allows people to grow their philanthropic muscle and use strategic investments as a force for creating positive change. We call it activating generosity.”
Among the most salient points the affecting but hopeful film makes is that women are the shock absorbers for extreme poverty all around the world, yet, at the same time, women are the true agents of change in their own lives and communities.
About Ending Extreme Poverty
Ending Extreme Poverty is the latest documentary in the Battery Powered Views film series. It tells the story of organization leaders who work with families experiencing the harshest forms of poverty. The film celebrates the incredible progress that has been made in discovering and delivering proven, holistic solutions to the people who need it most. Most importantly, it explores how all of us can play a role in changing the future.
Learn more at thebatterysf.com/giving/theme/2015Q2/the_issue/
About Battery Powered Views
Battery Powered Views is a series of mini documentaries that deliver eye-opening insights into local and global issues. The series showcases an array of perspectives on topics explored by The Battery’s giving program, Battery Powered. The filmmakers curate the foremost experts and organizations and share the best of the program’s educational content. What results is a chorus of stories that together reveal opportunities for coordinated generosity, commitment and action.
About Battery Powered
Battery Powered launched in Fall of 2014, a member-founded, member-funded program of The Battery SF made possible by Michael and Xochi Birch and the philanthropy team at Amplifier Strategies. The program is designed around rotating themes and helps members discover and combine personal passions with collective influence for social impact.
Learn more about Battery Powered at: https://thebatterysf.com/giving/engage/
Learn more about Amplifier Strategies at: amplifierstrategies.com
New York City – Please join us on Sunday, July 26th at 9:00 AM for a fun-filled family day in beautiful Riverside Park on the Upper West Side of Manhattan to raise money and awareness for people living with facial anomalies. We will have fun for children of all ages including exciting games, family activities and raffles, arts and crafts, and many surprises!
We will walk through beautiful Riverside Park starting at the Warsaw Ghetto Memorial at 85th Street, walk up to 101st Street, go down on the waterfront and walk back to 83rd Street where we go back into the Park for closing ceremonies.
Riverside Park: Registration at 9 am
Bring your family, friends and dogs and walk to raise awareness of those living with facial anomalies!
Anibel, 9, (pictured above) was born with Nager syndrome and is receiving probono treatment in New York City, at the Institute of Reconstructive Plastic Surgery at NYU Langone Medical Center, funded by myFace. Anibel will be one of the many children afflicted with a craniofacial condition walking at this year’s Races for Faces on July 26th. Nager Syndrome displays several or all of the following characteristics: underdevelopment of the cheek and jaw area, down-sloping of the opening of the eyes, lack or absence of the lower eyelashes, kidney and/or stomach reflux, hammer toes, shortened soft palate, lack of development of the internal and external ear, possible cleft palate, underdevelopment or absence of the thumb, hearing loss, and shortened forearms, as well as poor movement in the elbow. Children like Anibel receive numerous invasive and complex surgeries by the age of 9. Aside from dealing with all of the physical and mental strains that come with living with a craniofacial condition, children like Anibel suffer from bullying, as well as shunning by their peers and often by teachers and/or other adults who feel inadequate to care for a child born with and/or living with a facial deformity. Anibel was a victim of bullying this past school year. Often with tears in her eyes, Anibel’s mom, Lenica, recounts the moment in which her daughter came home from school after being called a “freak” by schoolmates during a game of connect-four. “It was very sad moment”, tells Lenica “but situations like these are important for us as a family so we can learn to educate others and raise awareness for children like Anibel.” Lenica and her daughter Anibel will walk at this year’s Races for Faces in the hopes that others hear Anibel’s story. In Lenica’s words, “We hope that all of our family and friends walk this year and get involved in raising awareness for the craniofacially afflicted community – it’s time everyone hears our story.”
WHY WE WALK
We walk to support our friends and family born with a craniofacial condition
We walk to raise awareness and to help spread the myFace mission.
This year our goal is to raise $150,000!
New York, NY (July 21 2015) –JUS by Julie’s (www.jusbyjulie.com) all-natural line of blended JUS’, are officially going HPP in July. The high pressure processing (HPP) of the juices will extend the lines shelf life from their current 3 days to 20-35 days.
High pressure processing (HPP) is a non-thermal pasteurization process which preserves and sterilizes foods and juices by applying a very high pressure through a water bath that surrounds the product. The high pressure disables certain bacteria and enzymes within the food, which slows the deterioration of foods by eliminating the chemical activity caused by the bacteria.
HPP is an FDA approved method of treating foods and juices to reduce or eradicate harmful bacteria such as Escherichia coli (E. coli) and salmonella. With HPP JUS’ are immersed in cold water and then subjected to enormous pressure to inactivate the potential bacteria and pathogens that are harmful to our bodies. HPP is an external process, therefore the JUS’ themselves are never touched, so they remain raw. This process extends the shelf life of the JUS to 20-35 days, while maintaining the essential vitamins, minerals and enzymes of the fruits and vegetables.
“I started blending JUS’ in my basement only 2 years ago for some friends, and little did I know, that was the starting point of what has now become a family business. Through everyone’s hard work and dedication, JUS by Julie has grown into a nationally recognized brand. We are extremely excited to announce the introduction of our products to HPP, which will ultimately give us the ability to share it with the entire world,” says JUS’s very own Julie Maleh.
The product will be made using automated machinery. It will be more consistent, and the production volume will be 6 times more than what it is now. In essence, JUS by Julie is putting in the effort to make it more accessible to the customers, while still retaining the flavor, benefits, and nutrients of the JUS.
Currently having two locations across Brooklyn, NY, one in Cedarhurst, NY, and one in Allenhurst, NJ, JUS by Julie presently ships to all 48 US continental states and Canada. Regenerating their JUS’ through HPP will allow them to last longer and withstand shipping nationwide and to Canada. Once the products go HPP, all products containing nut milks will last 20-25 additional days, and all other products will last an additional 30-35 days. For more information on JUS by Julie, please visit www.jusbyjulie.com.
JUS by Julie started as a hobby in a health conscious mother’s kitchen and has since grown into a flourishing family business. Julie, a graduate of The Integrated School of Nutrition, has always had a passion to help others live a healthier lifestyle. JUS, derived from French roots, means “with its own juice.” JUS by Julie are an all-natural line of juices, cleanses and shots, made fresh daily from pure and raw ingredients. All JUS’ are kosher, made fresh and contain an array of vitamins and nutrients with the mission of ridding the body of impurities through specially formulated drinks. JUS by Julie currently has four stores located across Brooklyn, NY and one in Cedarhurst, NJ, where they serve the JUS’s and select foods. JUS by Julie presently ships to all 48 US continental states. For more information, please visit www.jusbyjulie.com
Economist Says Monopoly Capitalism Is The Main Cause Of Economic Doldrums
More than seven years after the Great Recession began in 2007, many Americans are still struggling to put their economic lives back together.
Factors such as low wages, high interest rates on credit cards and a mediocre job market continue to make a lot of families feel like the recovery passed them by, says Dr. Ravi Batra, an economist and author of the new book “End Unemployment Now: How to Eliminate Joblessness, Debt and Poverty Despite Congress.” (www.ravibatra.com)
It doesn’t have to be this way, he says.
“The main cause of our troubles is monopoly capitalism, which is a system dominated by giant companies that charge high prices, pay low wages and extract huge productivity from employees,” says Batra, an economics professor at Southern Methodist University.
“As a result, supply rises faster than demand and generates layoffs. So the solution lies in breaking up the behemoths and returning to free markets, where many firms engage in price and quality competition.”
That’s easier said than done, though, because of the political considerations, Batra says. He surmises that any attempt to move legislation through Congress would meet with failure.
But there are other options. Batra says any U.S. president could take actions to improve the situation without going through Congress. Among the possibilities:
About Ravi Batra
Dr. Ravi Batra, a professor of economics at Southern Methodist University in Dallas, is the author of five international bestsellers. His latest book is “End Unemployment Now: How to Eliminate Joblessness, Debt and Poverty Despite Congress” (www.ravibatra.com). Batra received the Pratina and Navin Doshi Award for his contributions to economic analysis. In 1990, the Italian prime minister awarded him a Medal of the Italian Senate for writing a book that correctly predicted the downfall of Soviet communism, 15 years before it happened.
Index Licensed to Goldman Sachs Asset Management for Product Development
NEW YORK, June 24, 2015: S&P Dow Jones Indices (S&P DJI), one of the world’s leading providers of financial market indices, announced today the launch of the S&P Environmental & Socially Responsible Indices which are designed to offer investors enhanced exposure to securities meeting sustainability investing criteria while maintaining a risk and performance profile similar to their respective underlying indices – the S&P 500® and the S&P Developed BMI Ex-U.S. & Korea LargeMidcap. The Indices have been licensed to Goldman Sachs Asset Management (GSAM), who worked collaboratively with S&P DJI to develop the sustainability criteria used in these Indices.
The S&P Environmental & Socially Responsible Indices expand S&P DJI’s robust family of Environmental, Social and Governance (ESG) indices. The Indices launched today are:
The constituents are selected using a transparent, rules-based methodology where stocks engaging in fossil fuel heavy industries or in the production and sale of tobacco, cluster bombs, landmines, nuclear and other military armaments are excluded. The eligible companies are assigned Environmental and Social dimension scores (E&S Scores) provided by RobecoSAM. 75% of the stocks with the highest ranking E&S Scores in each sector are selected for index membership.
“The demand to integrate long-term sustainability strategies into portfolios is increasing, particularly for those investors who are conscious about their own environmental and social responsibility as well as those who are compliant with the United Nations’ Principles of Responsible Investment,” says Alka Banerjee, Managing Director at S&P Dow Jones Indices. “By drawing upon broad market, widely recognized indices like the S&P 500 and S&P Global BMI, we are able to offer the market a unique perspective on the performance of companies that have a strong profile in addressing environmental and social challenges.”
“Our clients are increasingly interested in aligning their investments with their core values. That’s why we worked with S&P DJI to help them develop these environmental and socially responsible Indices,” says Monali Vora, a managing director in Goldman Sachs Asset Management Quantitative Investment Strategies team. “These Indices have the added benefits of being both diversified and broad-based while seeking to maintain low tracking error to the parent index.”
For more information, including the complete methodology, please visit: www.spdji.com