Inspirational Media ArticlesExcerpts of Key Inspirational Media Articles in Major Media
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Companies that enforce employee-centric and customer-centric cultures are likely to see better financial gains than their competitors, Just Capital's Dan Hesse told CNBC on Wednesday. "What we've seen from a financial performance point of view is that you have [a] higher return on equity of these companies that do good things," Hesse, the former CEO of Sprint, told "Mad Money" host Jim Cramer. Just Capital, a private, non-profit research firm, recently conducted a survey of 72,000 individuals across the United States. On Tuesday, Just Capital and Forbes released a ranking of the top 100 most "just" U.S. companies based on the results. Many leading technology companies landed high in the ranks, with Intel, Texas Instruments and Nvidia taking the top three spots. But one of the most sweeping commonalities was how consumers felt about tax reform, Hesse said. While investors might get excited about the potential for share buybacks and dividend increases if corporate tax reform is passed, consumers couldn't be less thrilled about it, Hesse said. "If there's one overall theme in the data, it's that they believe companies are focused too much on just shareholders versus all the other stakeholders," he told Cramer. "They'll say shareholders, yes, important, but your employees are No. 1 and your customers are No. 2," Hesse continued. "So are the communities, the environment, a lot of other stakeholders. So they will want to see companies take this money and invest in their employees and in some of these other areas."
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One of the world’s most important financial and development institutions, the World Bank Group (WBG), is to stop financing oil and gas exploration, in a bid to help combat climate change. After 2019, the WBG – which includes the World Bank and three other institutions – will stop investing in upstream oil and gas, it announced at the One Planet Summit in Paris on Wednesday. The summit was hosted by French president Emmanuel Macron, with 164 world leaders, government members, business leaders and prominent figures joining him. This move marks a major change in strategy for the the WBG, which has historically sought to support extraction of natural resources. The World Bank currently holds $961m (Ł722m) of guarantee operations, set up to support private sector investments in gas and oil explorations. Upstream oil and gas constitute 2pc of the WBG portfolio. Across the World Bank Group institutions, the total portfolio is worth around $280bn. This comes as the WBG signed a $1.15bn loan with the Government of Egypt aimed at reducing fossil fuel subsidies and encouraging low-carbon energy investment. “Everyday, climate change becomes a more urgent economic, social, and existential threat to all countries and all people,” WBG president, Jim Yong Kim, said. This change in approach was to ensure “alignment of our support to countries to meet their Paris goals,” he added.
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About 20 companies including Unilever, EDF and Iberdrola joined an international alliance of 26 nations on Tuesday pledging to phase out coal to combat global warming. At a climate summit hosted by French President Emmanuel Macron in Paris, new members of the "Powering Past Coal Alliance" agreed that traditional coal power should be phased out by 2030 in rich nations and by 2050 in other parts of the world. Nations including Sweden, Ethiopia and Latvia, as well as the U.S. state of California, also joined the alliance as part of commitments under the 195-nation Paris climate agreement reached on December 12 two years ago. The coal phase-out plan, launched last month by about 20 governments, widened on Tuesday to companies also including BT, Engie, Kering, Diageo, Marks & Spencer, Orsted, Storebrand and Virgin Group. The companies committed to setting targets to end the use of traditional coal from the power sector, both for consumption and in generating electricity. Founder members of the alliance, launched at U.N. climate negotiations in Germany, include Britain, France, Canada, Mexico, New Zealand, Costa Rica and the Marshall Islands. A declaration said that coal-fired power plants produce almost 40 percent of global electricity. Most of the countries in the alliance are already cutting their use of coal.
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Cruise ships have a bad rap with environmentalists. One cruise operator is hoping to change that. Peace Boat, a Japanese non-governmental organization ... is working on an ambitious project to build the most sustainable vessel in the booming industry. Now in the last stages of planning, the "Ecoship" will be built by Finland's Arctech. It will cost about $500 million, financed in part by impact investors - funds, rich families and individuals who want to use their cash to improve the world as well as make a profit. A conventional cruise ship can burn hundreds of tons of heavy fuel oil a day and emit as much particulate matter as a million cars. The "Ecoship" will be fueled by a much cleaner combination of solar panels, wind power and liquid natural gas, and should produce 40% less carbon dioxide than a traditional cruise ship. "We will have 10 sails, so it will use the wind like traditional sailing ships," [Peace Boat founder Yoshioka] Tatsuya explained. The "Ecoship" is designed to mimic the shape of a whale. While smaller than many cruise ships currently being built, it will accommodate 2,000 passengers, and host conferences and events while docked. Peace Boat hopes it will set sail on its maiden voyage in 2020, and that it will quickly become a showcase for the future of the industry. "There's potential with a very green cruise ship to get a lot of attention at each port of call and that can make an impact," Tatsuya said. And he doesn't plan to stop at one ship. Demand for cruises, and green tourism is booming.
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Every once in awhile, as we Earthlings strive to explore the cosmos, we’re reminded that bits of the cosmos occasionally visit Earth, too. One such reminder came in the form of a blazing green fireball streaking across the predawn New Jersey sky earlier this month. Police dashcam footage ... shows a meteor plunging into the Earth's atmosphere and exploding in a brilliant flash. On Nov. 9 ... an asteroid designated 2017 VL2 came within 75,000 miles of Earth. Despite news reports that the asteroid ... carried enough energy to obliterate New York City, the asteroid – the 48th known one to pass within the moon's orbit this year so far – would have actually burned up in the atmosphere, causing little, if any, damage. “The most important message to get across is that asteroid impacts are extremely unlikely,” Paul Chodas, manager for the Center for Near-Earth Object Studies at NASA’s Jet Propulsion Laboratory in Pasadena, Calif. In 1998, Congress mandated that NASA find 90 percent of asteroids more than 1 kilometer wide. NASA met this goal in 2011, but in the meantime, Congress expanded its mission to include include 90 percent of asteroids 450 feet or larger. Scientists say they have detected about a third of these so far. The bigger the asteroid, the lower the chance of impact: The odds of an asteroid 1 kilometer wide hitting Earth in any given year are 1 in about 500,000, and even an object 450 feet wide has just a 1-in-30,000 chance of impact.
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When Beatrice Fihn received a call on Oct. 6 informing the 35-year-old Swede that her group, the International Campaign to Abolish Nuclear Weapons (ICAN), had been awarded the Nobel Peace Prize, she suspected a possible prank. Not that you should blame her - ICAN is just 10 years old, and the group’s aims can seem positively fanciful: the complete elimination of the world’s roughly 15,000 nuclear warheads. But that call from the Norwegian Nobel Committee was real, and so is Fihn’s goal. ICAN, a global coalition of 440 partner organizations in 98 countries, was honored for its efforts to advance the Treaty on the Prohibition of Nuclear Weapons, which was successfully finalized by two-thirds of the United Nations’ 192 members this summer. The treaty—which would outlaw nuclear weapons’ use, production and possession—is now open for ratification, and will become international law after 50 countries sign on. Those countries almost certainly won’t include the members of the nuclear club: The U.S., Russia, China, Great Britain, France, Pakistan, India and North Korea. Fihn is realistic that nuclear weapons won’t be abolished overnight. But just as earlier treaties banning biological weapons and land mines eventually led to such munitions being phased out, she believes a nuclear arms ban could help turn the public against these truly horrific weapons of mass destruction.
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Quebecers who have a severely limited capacity to work will gradually be able to access a guaranteed minimum income beginning next year, Premier Philippe Couillard's government announced. The measure is part of a $3-billion action plan to fight poverty and promote "economic inclusion," but falls short of offering a basic income for all Quebecers, a demand of many anti-poverty groups. An estimated 84,000 Quebecers would qualify for the minimum income measure, largely those with physical and intellectual disabilities. Of the 84,000, the vast majority are single people, long a neglected demographic when it comes to poverty reduction programs in Quebec. By next year, they will see their government assistance increased by at least $73 per month. That figure will reach $440 per month by 2023, bringing their annual guaranteed minimum to $18,029. Many of the measures announced Sunday either encourage low-income Quebecers to enter the job market or help them stay employed. This includes $1.8 million in funding to improve the digital skills of those living in poverty and nearly $34 million for Quebecers who receive social assistance and want to learn more skills. The measures also come one year after the Couillard government introduced controversial new rules that penalized social assistance recipients who failed to take steps to find a job. The $3 billion in spending will be spread out over several years, with the goal of helping 100,000 Quebecers out of poverty by 2023.
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The country's first private high-speed rail service is opening this month in Florida, promising to transform congested South Florida highways by taking as many as 3 million cars off the road. The ambitious $3 billion Brightline express project will run along the state's densest population corridor with more than 6 million residents and a regular influx of tourists. The project, funded by All Aboard Florida, represents the first test into the long-awaited U.S. move into high-speed rail, says John Renne, director of the Center for Urban and Environmental Solutions at Florida Atlantic University. All Aboard Florida secured state approval in October to sell bonds to fund the project. The company has said no public money will be used. Renne says the trip from West Palm to Miami, which can take up to five hours round trip in a car, will take about 60 minutes each way on the train. Brightline trains will have their own dedicated set of tracks, built alongside 19th century lines that still carry cargo trains. The return to passenger trains will revive a line that stopped running on those old tracks in the 1960s, with the arrival of the federal highway program. "The federal highway system expanded ... and everyone got off trains and into cars," John Guitar of All Aboard Florida [said]. "And we've done a full circle now that the traffic and congestion and gas prices are so bad, people are looking for alternatives to get out of their cars and find other ways to get around the state."
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Crowdfunding has been used to finance films, board games, classical music, scientific research and infertility treatments. Add this to the list of things bought with collective purchasing power: A chateau in the French countryside, complete with moat. The platform used to raise the funds announced on Friday that the castle had been purchased by milliers d'internautes – that is, thousands of Internet users, who each paid at least 50 euros (about $60) to "adopt" the chateau and help restore it. In just 40 days, the site raised the 500,000 euros it needed to buy it. "It's done, it's historic!" [the announcement] said. "The Château de la Mothe-Chandeniers now belongs to thousands of Internet users. Through this collective purchase, we believe in the preservation and development of the heritage of tomorrow and prove that civic strength is always the greatest." The chateau dates to the 13th century, and it was looted and abandoned during the French Revolution. In 1809, a rich Parisian entrepreneur bought and restored it. In March 1932, a fire broke out, destroying the roof and causing the chateau to be abandoned once more. Sadly, a suite at the castle is not part of the deal for the thousands of donors, though a gift of at least 60 euros (about $71) gives each patron a membership card and "access to part of the castle." The real gift, the campaign explains, is that patrons can become investors in a company that will own the castle, and "collectively decide its future."
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China has been busy creating a cashless society, where people can pay for so many things now with just a swipe of their cellphones - including donations to beggars - or even buy stuff at vending machines with just facial recognition, and India is trying to follow suit. These are big trends, and in a world where data is the new oil, China and India are each creating giant pools of digitized data that their innovators are using to write all kinds of interoperable applications — for cheap new forms of education, medical insurance, entertainment, banking and finance. “It’s transforming the lives of ordinary people,” explained Alok Kshirsagar, a McKinsey partner based in Mumbai. Now any Indian farmer can just go to one of 250,000 government community centers - each with a computer, Wi-Fi and a local entrepreneur who manages it - log into a government digital services website with the farmer’s unique ID and instantly print out a birth certificate or land records needed for transactions. Similar innovations are going on in energy, explained Mahesh Kolli, president of Greenko, India’s largest renewable power provider. Greenko just built the largest solar project in the world - a 3,000-acre field of Chinese-made solar panels generating 800 megawatts powering over 600,000 homes in Andhra Pradesh. Two more such fields are on the way up. “No new coal or gas power plants are being built in India today,” he added, “not because of regulations, but because solar, wind, hydro are all now able to compete with coal plants without subsidies.”
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Each year, the Charities Aid Foundation (CAF) compiles a World Giving Index, and the 2017 rankings list Kenya as the third most generous nation behind Myanmar and Indonesia. The rankings are based on three data points from Gallup's World Poll: the percent of respondents who have donated, volunteered and helped a stranger in the previous month. Overall, the survey found that global giving was down, led by a decline in developed countries. The United States dropped from 2nd to 5th but still gives the largest percentage of its gross domestic product 2.1 percent. But as reflected by Kenya's rise from 40th five years ago to number 3, there is a bright spot in the new rankings. And it's not just a Kenyan trend. "The big story this year is the amazing rise in giving across Africa," says Sir John Low, CAF's chief executive. Kenyan Caroline Teti is the external relations director of GiveDirectly, which gives direct cash transfers in impoverished communities in Kenya. There's only one word on the Kenyan coat of arms "harambee" she says. It's Swahili, meaning: "all pull together." "I think the harambee spirit has inculcated in Kenyans a strong sense of giving," Teti wrote by email, "[P]eople traditionally view individual pressure as a matter that should concern the whole community. In many communities in Kenya, people gave materially to other community members under distress. This took [on] a totally new dimension as people looked to improve the education of their clansmen and the larger community."
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When the lunch bell rings at Boca Raton High School in Florida, 3,400 kids spill into the courtyard and split into their social groups. But not everyone gets included. Someone always sits alone. "It's not a good feeling, like you're by yourself. And that's something that I don't want anybody to go through," said Denis Estimon. Denis is a Haitian immigrant. When he came here in first grade, he says he felt isolated - especially at lunch. So with some friends, Denis started a club called "We Dine Together." Their mission is to go into the courtyard at lunchtime to make sure no one is starving for company. For new kids especially, the club is a godsend. Since it started last year, hundreds of friendships have formed - some very unlikely. Jean Max Meradieu said he met kids he would never "ever" meet on the football team. Jean actually quit the football team - gave up all perks that come with it - just so he could spend more time with this club. "I don't mind not getting a football scholarship," Jean said. "This is what I really want to do." Just imagine how different your teenage years would have been, if the coolest kids in school all of a sudden decided you mattered. Since we first told this story, Denis has graduated from high school - but not from this mission. He's now travelling the country, opening "We Dine Together" chapters at other schools - 15 so far, with more than 100 slated for the new year. And if we're lucky, when he's done showing kids how to make outsiders feel accepted, he can teach the rest of us.
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Thursday 16th November marked the 7th Annual Lovie Awards. This year, Livia Firth was the winner of the Emerging Entrepreneur Award for her fight for sustainable fashion as the founder and creative director of Eco-Age. Livia founded Eco-Age in 2009 as a brand consultancy providing sustainability strategies and communication tools to fashion brands. Their modus operandi is to demystify the supply chain so that brands can be sure they are working with suppliers and manufacturers that guarantee responsible sourcing and production of materials and ethical labour practices. She and her team work with several brands to help them become sustainable and conscious as part of their core operations and values – not as a token ‘project’ seeking to gain sustainability credentials. Livia points to a tactic of some large, fast-fashion brands, of producing a product or small number of products ‘sustainably’, that are then heavily promoted in an attempt to create a cleaner, greener brand image, which she dismisses as “bullshit green-washing”, to divert attention from the dirty fashion practices continuing throughout the supply chain in those brands. Eco-Age refuses to conduct business with fast-fashion businesses due to the ethical crimes being committed and their failure to provide a living wage. She comments that being awarded a Lovie is recognition of her engagement with the public ... to inform, educate and enlighten consumers.
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Japan is prone to fads. One has hit finance: investing in assets screened for ESG (environmental, social and governance) factors. In 2014-16 funds invested in ESG assets grew faster in Japan than anywhere else. Today Japan’s sustainable-investment balance is $474bn, or some 3.4% of the country’s total managed assets - low compared with Europe or America, but high for Asia. The shift is driven from the top down, rather than, as elsewhere, by ethically minded individual investors. The big boost for ethical investing in Japan came from the Government Pension Investment Fund (GPIF), the world’s biggest public-sector investor, with $1.3trn of assets under management. In 2015 GPIF signed the UN’s Principles for Responsible Investment. This year it invested 3% of its holdings in socially responsible assets, using three ESG indices. Smaller investors have started to follow suit. Hiromichi Mizuno, GPIF’s chief investment officer, says the decision to invest in three ESG indices is for the long-term future, rather than with an eye on short-term returns or to support government policy: “The more companies pay attention to the sustainability of the environment, society and governance, the more likely investors are to find investment opportunities in them.” Analysts say GPIF is setting a trend for sustainable investing not just in Japan but globally. It has said it wants to increase its allocations in ESG funds to 10% of its assets.
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Across the United States, millionaires and billionaires are increasingly stepping in with private money to try to solve problems that were once largely or exclusively the purview of government. In Detroit, philanthropic dollars helped build a streetcar system. In Kalamazoo, Mich., donors are underwriting college tuition programs. Elsewhere, philanthropists are funding the mapping of all cells in the human body to try to stamp out disease and pouring money into preventing obesity. Yet few if any of today’s megadonors are involved in as many programs targeting the poor in one city as [George] Kaiser. The oil and gas industrialist believes that every child deserves a chance to succeed and that effectively spent charitable dollars ... can unlock their potential. His foundation has given away more than $1 billion over the past decade, almost all of it in Tulsa, [Okla.]. Over the next decade, his foundation wants to target every poor child born in Tulsa, from birth until third grade, so that a patchwork of public programs – prenatal care, parenting classes, child care – becomes a seamless quilt. “They’re making a very big bet in one community on a comprehensive strategy that can be truly transformative,” says Nancy Roob, chief executive officer of the New York-based Edna McConnell Clark Foundation. The idea behind all these efforts – fighting poverty with philanthropic wealth – is one that holds great promise in an era of dazzling private fortunes, yawning economic inequality, and public-sector austerity.
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Your mind may require meaning. Studies show it’s one of the key factors underlying happiness and motivation. So what is meaning in life and what does research say about how we might be able to find it? Some research indicates that to have meaning in your life you must have a story. You need to reflect on how things could have been and why they turned out the way they did. Seeing that things had a direction and a purpose provides meaning. Fundamentally, our brains may not be able to tell the difference between the real and the story. What’s even more interesting is the truth may not matter. Feeling that you know yourself creates a strong sense of meaning in life — whether or not you actually know yourself doesn’t make a difference. That may seem depressing but it also means that you can craft the stories in your life to build meaning and fulfillment. Timothy Wilson, author of Redirect: The Surprising New Science of Psychological Change, has talked about how the process of “story-editing” can help us improve our lives: The “do good, be good” method ... capitalizes on the tried-and-true psychological principle that our attitudes and beliefs often follow from our behaviors, rather than precede them. As Kurt Vonnegut famously wrote, “We are what we pretend to be, so we must be careful about what we pretend to be.“ People who do volunteer work, for example, often change their narratives of who they are, coming to view themselves as caring, helpful people.
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The conservative city of Georgetown, Texas, runs on renewable energy. After all, wind and solar power are more predictable and easier to budget than oil and gas. Clean power pushes may be associated with more left-leaning cities, but Republican mayor Dale Ross called the switch to renewables a no-brainer. In 2017, at least 15 weather events cost the government more than a billion dollars each. The most expensive events we have in the U.S. are floods. The money spent preparing for and preventing these events ... pays itself back double, triple, and even quadruple times over. But companies and private citizens often fail to prepare properly because the money spent on prevention is private, whereas costs after the fact are often allotted through government organizations. Many fail to connect the cost of switching to renewable energy with the eventual savings of avoiding natural disasters. On an even larger scale, the costs of switching to renewable energy are larger up front, though they save money in the future. For example, Denmark struggled to store its wind power in a way that allowed them to save it for times of high electricity demand. Then they encouraged residents to buy electric cars. Now these vehicles act like moving batteries, and people can sell the energy back to the grid when the cars are parked.
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It’s often said you can’t make something out of nothing. Cody Friesen may have. To show me his technological sleight of hand, Friesen invites me to a hillside house. We each sample a cup of water that flows from a drinking fountain. The water is cool and delicious – and it was made out of thin air. Literally. The drinking fountain is fed by a flexible pipe that leads to the house’s roof. There sit two Friesen’s devices, called Source Hydropanels. Each looks like solar panel mounted atop a metal box. The system extracts moisture out of the air at a rate of as much as five liters per day. Friesen believes installations like this one could soon be providing clean, quality drinking water to homes, schools and businesses. Friesen ... has already installed the Source in eight countries, including Ecuador, Jordan, Mexico and the Philippines. In the U.S., his panels are collecting water at a Duke Energy facility in North Carolina, an office building in Santa Monica, Calif., some Bay Area residences, and a handful of homes and schools in Arizona, where despite the low humidity, Source produces roughly the same amount of water as in wetter climates. Source ... draws ambient air through a fan into its devices. There, special nano-materials ... absorb the water. The solar panel then helps separate the water from the material. After it is condensed, it flows ... through a mineral block that adds magnesium and calcium common in drinking water.
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Does energy healing work? Charlie Goldsmith knows it does. The Australian energy healer, who reluctantly discovered his talent at the ripe age of 18, is now on a mission to take energy medicine mainstream. To date, Goldsmith has volunteered his time - and talents - to two scientific studies. In the first study, published in The Journal of Alternative and Complementary Medicine in 2015, he treated 50 reports of pain at a 76% success rate and 29 reports of non-pain problems at a 79% success rate. The study, conducted at NYU's Lutheran Hospital ... landed him a TV deal. The second is still underway. Prior to the studies done in the public eye, Goldsmith spent years healing as many as he could, often those who had been failed by countless doctors and traditional medicine. He has never once charged for his work. Dr. Ramsey Joudeh, from NYU's Lutheran Medical Center, attests to Goldsmith's miraculous healing powers: "Most of our narcotics decrease a patient's pain by three to five points. If you go from a 10, meaning the worst pain you can imagine, to five, that's significant. In some cases Charlie reduced a patient's pain from 10 to zero. He also treated people with infections where antibiotics were not effective. You could see the shift in a patient's status from stagnant to a rapid healing resolution. I can't quantify it, but I would say Charlie cuts off patients' hospital stays. Watching him work has been humbling in the most extreme way."
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Britain's’s oldest tandem riders are still pedalling their “bicycle made for two” even though they have a combined age of 177. Betty Cox, 91, and husband Graham, 86, have been riding together ever since they met 70 years ago. The cycling-mad duo have travelled in Scotland, Norway and even completed a 400 mile round trip to Cornwall in just one week. Now fitness fanatic Mrs Cox from South Wales is encouraging others to get active. She said: “We've always loved cycling - and we are always out together. “I've been cycling for 69 years and my husband for 76 years. We started on the tandem soon after we met and have loved it ever since. “In 1949 we cycled from our home to Cornwall and back in a week. We also got to Scotland in a few days. “Graham tends to go on the front and me on the back. We love going on it.” The couple have reached 1,000 miles on their new tandem - after only riding it for six months. Mr Cox said: “We were quite surprised at it. We've never really thought of how many miles we do. I suppose not many people manage to reach that amount at our age. We go out on the tandem four days a week and we must do a lot of miles. Regular exercise, like we do on the tandem, is the key to a long and happy life. Just look at us. By looking at our ages is proof that exercise really does benefit you in the long run.“
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