The pint-size bronze statute of the Fearless Girl defiantly staring down Wall Street’s iconic bull is a bit more tarnished this week. So is the reputation of the company that paid for its installation. The US Labor Department just slapped State Street Corp with a $5 million gender and racial discrimination settlement.
According to Bank of America, the $12.6 billion it invested from 2013 to last year supported almost 40,000 jobs, contributed almost $15 billion to GDP and generated close to $30 billion in total economic output.
Hurricane Harvey’s impact on the greater Houston region is offering another grim reminder: the federal government’s national flood insurance program, NFIP, is going to become even more financially unsustainable — and it’s already $25M in debt.
In a step that will embolden more financial institutions to demand more environmental and social disclosures from companies, Vanguard announced it will urge companies to disclose more information about climate change-related risks.
In Baltimore, Maryland, T. Rowe Price employees have the opportunity to volunteer on a project that seeks to revive the Chesapeake Bay’s oyster population.
The majority of Miami realtors say their clients don’t usually ask about sea level risks or other climate-related problems that would help them gauge whether the property would be a good buy. And they don’t have a problem paying a premium for the coastline, either.
President Donald Trump has promised to boost the economy by 3-4 percent. It’s an unlikely prospect, say analysts, noting that 2 percent has historically been about par for the country’s yearly growth. Researchers at ProPublica however, say it’s possible, but it would require scrapping one of his other big campaign promises: deporting and banning immigrants.
Subprime auto loan default rates are rising, which could affect investors worldwide, as they have been purchased these loans through securitized bonds. If the bottom falls out of the market, there could be a huge dent in ridesharing across U.S. cities, as many Uber and Lyft drivers rely on sub prime auto loans to rent cars for work.
By Jenna Cypress The average American doesn’t understand personal finance very well. They assume that just because they can qualify for a loan, they can afford the loan. Sadly, this often leads to poor decision-making. Do companies have a moral obligation to keep consumers from taking on too much debt? Ethical considerations in the lending … Continued
As many individuals struggle to find the balance point between profit and responsibility when it comes to investing, impact investment firms remain at the forefront, innovating ways to advance economically with due respect to the environment and those within it. These three firms
stand as strong examples of how profitable enterprise can be merged successfully with social good.
Volunteerism is seen by many hiring influencers as a valuable asset to have on your resume. But not all job applicants realize that value, according to a survey conducted recently by Deloitte Services. That disconnect points toward a huge opportunity for employers to educate employees.
Copper is one of the most useful metals – it has a role in construction, railways and heavy machinery to power transmission and telecommunications to semiconductors, microchips, photovoltaic cells for solar panels and other high-tech applications. But mining the red metal is energy intensive. Which is why Chile’s conversion of copper mines to renewable energy is getting climate folks talking.
The time for those climate change relocations we’ve speculated about is here, folks. Three communities on opposite ends of the country explore how to weather the expensive challenges of being “climate change refugees.” And interestingly, each has a different challenge and a different answer to the problem.
Donald Trump’s new budget proposal predicts a confident 3 percent boost for the economy. We take a look at some of the milestones he promised and what it means for the nation.