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The field of social entrepreneurship continues to rise

Coined in the early 1980s — most commonly attributed to Ashoka founder, Bill Drayton — the term “social entrepreneur” may still experience debate on exact definition (as reported early in Generocity’s March coverage) but there’s no question of its growing influence here in Philadelphia, the United States and around the world. Social entrepreneurs, a breed of change agents, differentiate from entrepreneurs

The ethics of reducing inequality

Around the world, the effects of alarmingly high economic inequality are spilling over into politics and society. Economic insecurity is a driving force behind violent conflicts in the Middle East and the rise of fascist elements in some European countries, not least Hungary and Poland. Even in older democracies such as the United States, economic

Solar Energy and Global Poverty Reduction

One in five people, roughly 1.3 billion globally, do not have access to electricity that would improve health and education while decreasing poverty. In sub-Saharan Africa, the proportion of individuals lacking electricity rises to seven out of 10. Right now, 225 million people in sub-Saharan Africa rely on health facilities that have no electricity, and

2018-04-23T09:21:52+00:00 Tags: |

Nussbaum Transportation Begins Employee Stock Ownership Plan

Brent Nussbaum, CEO of Nussbaum Transportation, the trucking company his father started in 1945, says the best way to keep the firm family-owned for the next generation and to retain good people is by having his employees become part owners. Beginning April 16, the Hudson, Ill., carrier gave 35% of ownership to employees through an

Hurricane Harvey: Most fatalities occurred outside flood zones

A Dutch-Texan team found that most Houston-area drowning deaths from Hurricane Harvey occurred outside the zones designated by government as being at higher risk of flooding: the 100- and 500-year floodplains. Harvey, one of the costliest storms in US history, hit southeast Texas on 25 August 2017 causing unprecedented flooding and killing dozens. Researchers at

2018-04-21T08:04:24+00:00 Tags: |

Responsible investment is the future millennials want

Used as an umbrella term for smaller subsets including ethical, sustainable and impact investments, ESG refers to investing in companies whose non-financial performance indicators are geared towards sustainable, ethical and corporate governance issues such as managing carbon footprint and ensuring systems of accountability. According to asset management firm Morningstar, there are now ten mutual funds and

‘Wealth Gap’ Poses Significant Threat To Women’s Retirement Security

Women today are fighting to remedy inequality in several areas, and have made great strides as a result of their efforts. But financial security is (still) an issue. A recent study, Women and Financial Wellness: Beyond the Bottom Line, outlines significant disparities between men and women that go far beyond the “pay gap.” “Women experience a gender wealth

Education, not income, the best predictor of a long life

Rising income and the subsequent improved standards of living have long been thought to be the most important factors contributing to a long and healthy life. However, new research from Wolfgang Lutz and Endale Kebede, from IIASA and the Vienna University of Economics and Business (WU) has shown that instead, the level of education a

2018-04-21T08:13:14+00:00 Tags: |

Financial Wellness Programs: How Employees Benefit

Every employee in America has, at one time or another, felt stressed about the same thing: money. Changes in the healthcare system, tax reform and employer plans are impacting us all. As a result, more and more employees, regardless of age, career or income are turning to their employers for help with their own pP.

From solar torches to bioloos: five frugal innovations from around the world

Whether it’s bringing quality healthcare closer to those residing in rural villages or providing people with facilities as basic and necessary as toilets, it’s sometimes wise not to overcomplicate things. Frugal innovation, based on the Indian concept of jugaad– innovating when there are limitations in resources – can provide an answer when capital is low, resources

Addiction Is a Disease That Requires More Medications and Better Treatments

I remember standing on my tippy toes to be eye to eye with the kitchen counter, trying my best not to spill as I poured the orange juice into the glass. Something about the acidity would settle my mom’s stomach, slightly easing her wrenching symptoms of heroin withdrawal—something akin to the stomach flu mixed with

2018-04-18T08:35:54+00:00 Tags: |

New Biomedical Company Helps Train Clinicians and Test Medical Equipment

Two University of Arkansas engineering professors and an engineering doctoral student have formed Vivas LLC, a new company with licensed technology that can be used to train clinicians in various procedures and test medical imaging equipment. Vivas has partnered with Humimic Medical LLC, a Fort Smith company that produces medical gels for training, testing and

2018-04-18T08:28:07+00:00 Tags: |

Local hotel magnate shares secrets to success at Moorhead

Successful entrepreneur and hotel magnate Gary Tharaldson shared stories from his business career during an event at Minnesota State University Moorhead on Monday, April 16, wowing his audience with tales of how a boy who grew up near Dazey, N.D., on a farm that didn't have running water built a company that was sold to

Portugal is showing that ambitious renewable energy goals are within reach

Portugal's energy system operator had some interesting news to share once March had closed out. It seems that even as Portugal's monthly energy consumption increased 9.7 percent compared to March 2017, the country produced enough renewable energy (just over 4,800Gwh) to exceed its energy demand (just over 4,600Gwh). This doesn't mean Portugal avoided fossil fuel

2018-04-18T08:14:48+00:00 Tags: |

Canadian Pension Fund Fuels India’s Largest Renewable Energy Deal

Earlier this month, ReNew Power Ventures Limited became India’s largest renewable energy developer following the acquisition of another renewable energy developer. Canadian pension funds had a major role in this landmark transaction. The Canada Pension Plan Investment Board (CPPIB) invested $247 million in ReNew Power to support the acquisition of Ostro Energy. This is the

2018-04-18T08:02:23+00:00 Tags: |

The Family Office World Grapples With How to Confront Big Corporations

John D. Rockefeller founded Standard Oil Co. and as a result was the richest person on the planet when he died in 1937. Yet some of his 200-plus living descendants have embarked on a mission to challenge Standard Oil offspring Exxon Mobil Corp. on climate change.  So it should come as little surprise that the investment company

How government policies in India and China are widening income inequality

Wealth inequality continues to grow, according to the 2018 edition of the World Inequality Report. In the past three decades, 28% of the aggregate increase in real incomes in North America and western Europe was captured by the top 1% of earners. The bottom half saw less than 10% of this increase. Inequality has also settled

Why you need to be the CFO of your personal life

Take a look inside any successful, growing company and you’ll see that the business owner or CEO has spent countless hours on thoughtful, detailed planning to get there. As part of the overall business plan, they’ve also put people and systems in place to sufficiently manage the company’s financial health. Without knowing the assets, fixed