More generic drugs were approved by the US FDA in FY 2017 than ever before.

By the end of the 2017 fiscal year in September, the US Food and Drug Administration had approved 763 new generic versions of drugs—112 more than it had in 2016, almost twice as many as in 2014. This record push is part of an effort to lower prescription drug costs. Generic drugs, which work the same way

Banking Against Urban Poverty: Inside JPMorgan Chase Philanthropy

The once sleepy world of corporate philanthropy has been perking up lately. An older model of giving—which often involved cutting lots of checks to local charities without asking many questions—is giving way to a more focused and strategic approach. Many businesses are now looking to tap the full range of their assets to make a

Want More Productive Employees? Provide Financial Literacy Education

Could the key to improving employee productivity lie in providing the right kind of financial literacy education within your workplace? Studies and recent human resources trends suggest there is a compelling business case for providing financial literacy programs to your employees. However, today’s employees also require a different kind of financial literacy education. One that

Major US doctors group opposes physician-assisted suicide

The American College of Physicians, the second-largest physician group in the United States with 152,000 members, has declared that physician-assisted suicide is unethical. The ACP takes a forthright stand with supporting appendicies covering most of the arguments for and against physician-assisted suicide (PAS). Its conclusion is: The ACP does not support the legalization of physician-assisted

2017-10-17T11:19:50+00:00 Tags: |

Want to make money and be socially responsible? Try an ethical fund

THE MAJORITY of Scottish investors want to back companies that make a positive contribution to society and the environment, as well as making money, yet most have never been offered ethical or sustainable investments, with more than half saying they do not know where their money ends up. That is the upshot of new research

2017-10-17T11:15:49+00:00 Tags: |

Are there more ways to invest ethically?

If the volume of press releases from fund groups and asset managers is any indication then it seems as though there are now more ways to invest ethically responsibly and sustainably than ever before. Whether it’s an equity fund investing only in companies that measure their impact on the environment, a green bond or a

Corporate sustainability must give way to corporate responsibility

Today we consume more than twice as much as our relatives did only 50 years ago. In the US, this means generating upwards of 500 billion pounds of garbage every year that’s trucked to one of our 10,000 landfills. This accelerated consumption is exhausting global ecosystems, depleting 30% of global resources and nearly 60% of animal populations since the

Money Makes the World Go ‘Round: Are You Ready?

An October 5, 2017 headline from the business section of the New York Times gave Ajeya Shiva reason to celebrate: Payday Lending Faces Tough New Restrictions By Consumer Agency. Shiva, a senior at the Bronx High School of Science in New York City, is really interested in the industry that provides payday loans, which are small loans that allow

The Single Biggest Impediment to 401k Financial Success?

Have you ever thought about the single, biggest obstacle to the success of plan participants in meeting their financial and retirement goals? The best strategies take advantage of opportunities while overcoming obstacles.  You can have the best-laid retirement plan, but employees won’t be able to fully utilize it and become engaged unless you address the

Income inequality has been growing for decades and Americans are taking note

While income inequality is largely unavoidable, the magnitude of inequality in the US today is staggering. For context, CEO compensation in the 1960s was around 20 times more than the average American worker. Using the same metric, today’s CEOs are paid over 270 times more than the typical worker. Some analysts suggest that this massive gap

Tax Reform: How to Help Middle Class

The Trump administration’s tax proposal reduces tax rates for corporations and for high-income individuals, but does not do much to increase the wealth of the middle class. The only way it could do that is by reducing taxes for companies that share profits or stock with employees. Real wages for most of the middle class have

Working together on impact investing

Impact investments generate a financial return but also have a positive social or environmental impact. For many LGPS funds, discussion around impact investment is part of their wider ESG journey and larger schemes are already beginning to allocate to these investments. There remains, however, confusion over what an impact investment actually means; must financial return

Employee owned local company honored for long-term contributions to manufacturing

Mike Rowe once said, “The world is full of very happy septic-tank cleaners and miserable investment bankers.” Rowe, former host of “Dirty Jobs” and advocate for skilled labor, would be impressed with the team at Vac-Con, headquartered in Green Cove Springs. The company manufactures sewer trucks and hydro-excavators that are used all over the world.

2017-10-16T11:52:51+00:00 Tags: , |

Three Ways To Overcome Financial Distress While Improving Employee Trust

Business is hard. You win a big account but don’t have the team to service it. You lose a big account and think about how to trim the fat. Your concept gets funded, but you don’t know how to engage your team around a common purpose. Regardless of size, all businesses get stuck. What if

All hype on energy

Reform, reform and more reform. That was the message of the first ever CERAWeek, India Energy Forum held in New Delhi last week. Curated by the renowned energy scholar and Pulitzer winning writer, Daniel Yergin, CERAWeek is the most sought after event in the energy circuit. This year it moved out of the US for

2017-10-17T10:46:20+00:00 Tags: |

Geologic evidence is the forerunner of ominous prospects for a warming earth

While strong seasonal hurricanes have devastated many of the Caribbean and Bahamian islands this year, geologic studies on several of these islands illustrate that more extreme conditions existed in the past. A new analysis published in Marine Geology shows that the limestone islands of the Bahamas and Bermuda experienced climate changes that were even more

2017-10-15T10:55:09+00:00 Tags: |

Gordon Food Service buys East Coast competitor

Gordon Food Service has acquired Ettline Foods Corporation, a regional food distributor headquartered in York, Pennsylvania. Ettline is a 125-year-old employee-owned food supplier serving the Mid-Atlantic region. The terms of the deal weren't released in a statement announcing the acquisition. "Ettline has a track record of providing a superior experience for its customers and a

2017-10-16T11:42:31+00:00 Tags: , |

To fix income inequality, we need more than UBI—we need Universal Basic Assets

”Open a newspaper—or, more likely, click on a Facebook article on your phone—and there will be a story telling you that income inequality is at the root of America’s problems: 0.1% of the US population is worthalmost as much as the bottom 90%; CEO-to-worker pay ratios have increased thousand-fold since 1950; and wages have been stagnatingfor 35 years. But

We Shouldn’t Always Need a “Business Case” to Do the Right Thing

I’ve been a consultant for almost 20 years, advising companies on complex challenges in ethics, risk, and responsibility. Each year several clients raise the same issue: the need to get buy-in from a skeptical senior executive in order to demonstrate a concrete benefit that will follow a proposed investment in an ethical business initiative or function.