Word: socialism
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...reality, some OPEC leaders simply ignore their quotas, because they need every penny they can earn from oil. Among the bad boys: Venezuelan President Hugo Chávez and Iranian President Mahmoud Ahmadinejad, whose oil revenues offset the impact from Western sanctions and help finance their vote-getting social programs. Angolan officials this month told OPEC they needed an exemption from their quota of 1.5 million bbl. a day, since companies like Chevron and Total have invested billions in drilling off Angola's coast, and the country - most of whose people live in dire poverty - could potentially pump about...
...Slow Money differs from traditional socially responsible investing in that the partnerships are deeper, as the Alliance works to build not just a firm's profitability but also supportive structures. For example, rather than just lending money for, say, a farmer's barn, they would look at the farmer's other infrastructure needs, such as storage, retail outlets, transport to markets, etc. Also, inherent to the model is the notion that part of the "return" is the social and environmental benefit a company represents...
...investment model may look good, but "I fundamentally believe that in the long run there will be better returns" with Slow Money type investments, he says. This is particularly true, he adds, when "we look at investing as an extension of our lives and values." He notes that RSF Social Finance, which invests in enterprises committed to improving society and the environment and where he served as President and CEO and is now Chairman of the Board, realized a steady 3%-4% average over 25 years and has continued to grow despite the current downturn...
...very interested in behavioral economics and public health,” said Wang, who has been involved with social science research since high school and hopes to attend medical school after graduating. “I was looking to do clinical work, and go abroad. This internship combined both...
...elect a black mayor in 1973, Atlanta has had African-American leadership ever since. However, this year, a white city council member is leading in polls over three black challengers, causing some to fret that her election could lead to a setback for a "black agenda" of racial and social justice...