User: flenvcenter Topic: Economics and Jobs-National
Category: Sustainable Business :: Socially-Responsible Investing
Last updated: Nov 17 2018 24:58 IST RSS 2.0
 
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What Banks Owe America 16.11.2018 American Prospect
AP Photo/Richard Drew The logo for Wells Fargo appears above a trading post on the floor of the New York Stock Exchange. The last time the Community Reinvestment Act (CRA) was in the news, conservative critics of financial regulation blamed the law for the 2008 financial crisis, complaining that Wall Street’s reckless behavior didn’t cause the crash; it was  all that mandated lending to poor people .  So ten years later it is scarcely surprisingly that the law is under attack again. Activists in the low- and moderate-income communities that the law is supposed to benefit seek to hold banks to a higher standard that includes investments by financial institutions that build wealth and power for marginalized residents, rather than simply extracting profits from them.  The new goal for Wall Street lobbyists and anti-regulation ideologues remains essentially unchanged from what it has been since the law was passed 41 years ago: eliminate the mandate that banks commit to recycling depositors’ money back into ...
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'Astronomical and unaffordable': Payday loans get low-cost competition 8.11.2018 Minnesota Public Radio: Law & Justice
Payday lenders can charge annual interest rates of several hundred percent, often to customers who are already stretched financially. Now some low-cost alternatives are popping up in Minnesota.
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3 trends forecasting fleet electrification from VERGE 18 7.11.2018 Resource Efficiency | GreenBiz.com
Here's how we can fast-track electric vehicles across industry.
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Bridging the Gap Between Climate Adaptation and Equity: TheCityFix Labs Mexico 5.11.2018 THE CITY FIX
The Intergovernmental Panel on Climate Change’s latest report on the prospects for staying under 1.5 degrees of warming is a call to action and a warning. The world is not on track to limit dangerous temperature rise and its follow-on ...
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3 reasons why it's time to install solar in the Sunshine State 1.11.2018 Energy & Climate | Greenbiz.com
With some of the highest solar capacity in the nation, there's clear demand for the clean energy job potential in Florida.
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The ripple effects of Larry Fink's letter on sustainability leaders 31.10.2018 Small Business | GreenBiz.com
For starters: There should be more collaboration between CSOs and investor relations teams.
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Report Report: Blockchain, ESG, Circularity and Electrification 30.10.2018 Design & Innovation | GreenBiz.com
A monthly wrap-up of recent research on sustainable business and clean technology reports you need to know.
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Trump’s New Opportunity Zones Look Great for Investors 29.10.2018 American Prospect
AP Photo/Julio Cortez A man walks by a closed restaurant along Bergen Street in a so-called opportunity zone in Newark, New Jersey. trickle-downers_35.jpg Like kids before a piñata, investors and real-estate developers have been lining up to cash in on a new suite of tax cuts for investments in low-income areas, known as “opportunity zones.” Now, with the release of much-anticipated guidelines by the Trump administration, the party can finally begin. The opportunity zone program, one of the rare provisions in last year’s Republican tax overhaul to receive some Democratic support, is the latest spin on a decades-old policy intended to attract capital to economically distressed areas by offering a range of financial goodies, such as tax benefits and subsidies. With sufficiently lucrative incentives available, the theory goes, wealthy investors will happily put their dollars into small businesses, local infrastructure, and housing in areas otherwise starved of investment.  Sounds like a win-win for all. ...
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Mercer's Alex Bernhardt on sustainable investing 27.10.2018 GreenBiz.com
At GreenBiz 18, Alex Bernhardt sat down to talk about why social responsibility matters.
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Private Equity Pillage: Grocery Stores and Workers At Risk 26.10.2018 American Prospect
This article appears in the Fall 2018 issue of The American Prospect magazine. Subscribe here .  Since 2015 seven major grocery chains, employing more than 125,000 workers, have filed for bankruptcy. The media has blamed “disruptors”—low-cost competitors like Walmart and high-end markets like Whole Foods, now owned by Amazon. But the real disruptors in this industry are the private equity owners who were behind all seven bankruptcies. They have extracted millions from grocery stores in the last five years—funds that could have been used to upgrade stores, enhance products and services, and invest in employee training and higher wages. As with the bankruptcies of common household names like Toys “R” Us, private equity owners throw companies they own into unsustainable debt in order to capture high returns for themselves and their investors. If the company they have starved of resources goes broke, they’ve already made their bundle. This is all perfectly legal. It should not be. The bankrupted private ...
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More private capital needed to finance U.N. Sustainable Development Goals 24.10.2018 Business Operations | GreenBiz.com
A new report from the credit ratings behemoth S&P warns that investors must back more sustainable projects in developing economies.
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Opportunity Is Coming to a City Near You 24.10.2018 Wall St. Journal: Opinion
The rollout of new tax incentives should prompt investment.
Blackstone Spends Huge to Kill California Rent Control 24.10.2018 American Prospect
(Photo by Jessica Goodheart) Capital & Main  is an award-winning publication that reports from California on economic, political and social issues. The American Prospect is co-publishing this piece. One of California’s most hotly contested ballot measures, Proposition 10, would repeal the 23-year-old Costa-Hawkins Rental Housing Act that restricts a city’s ability to apply rent control to post-1995 construction and exempts single-family homes from regulation. Proposition 10’s opponents claim it will worsen the state’s housing crisis, which has left teachers, blue-collar workers, and retirees struggling to keep roofs over their heads . To that end, the No on Prop 10 campaign has deployed an ensemble of small property owners, nonprofit housing developers, and veterans as spokespeople against the measure. However, topping the list of No on Prop 10’s big donors are some of the country’s largest landlords—many funded by Wall Street investment dollars—whose bottom lines could be negatively affected by Prop ...
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Opportunity Zones: a $100 billion investment for the clean economy? 23.10.2018 Business Operations | GreenBiz.com
A new provision of last year's tax law could be a boon to bringing renewable energy to economically distressed communities — but only if we act.
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The Silver Lining of the New Gilded Age: Fewer Targets 22.10.2018 American Prospect
At noon on January 17 of this year, activists began protesting outside the Blackstone Group’s New York City headquarters over the private equity giant’s foreclosures in Puerto Rico. Simultaneously, a social justice group in California released a report detailing Blackstone’s alleged mistreatment of thousands of the state’s tenants. The timing was no coincidence. The extreme concentration of economic ownership and power in 21stt-century America is creating more opportunities for disparate groups—from renters and unions to community groups and financial reform organizations—to ally against common adversaries and pressure them for broad concessions. This growing collaboration points to what some see as a necessary reaction and potential silver lining to the New Gilded Age. “The same guys own everything,” Stephen Lerner, a veteran community and labor organizer, told a crowd of labor leaders in New York City late last year. “We can align our forces in a different way because we have the same enemy.” Nurturing ...
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Financing an equitable, sharing city 20.10.2018 Small Business | GreenBiz.com
With private economic inequity at a high, public financing for community health and wealth is more important than ever.
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Hurricane Michael highlights urgent need for more solar opportunities in Florida 19.10.2018 Main Feed - Environmental Defense
Hurricane Michael highlights urgent need for more solar opportunities in Florida
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Hurricane Michael highlights urgent need for more solar opportunities in Florida 19.10.2018 Main Feed - Environmental Defense
Hurricane Michael highlights urgent need for more solar opportunities in Florida
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Skyscraper, not strip mall, now planned on North Broad Street, courtesy of Trump tax break 16.10.2018 Philly.com News
In Philadelphia and beyond, developers with projects in census tracts designated as opportunity zones are getting ready for what they hope will be a torrent of cash.
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The transportation equity conundrum: 6 ways cities can improve mobility without displacement 9.10.2018 Resource Efficiency | GreenBiz.com
There are countless opportunities — but limited investment funds.
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