The central banking strategy known as "yield curve control" has helped the Bank of Japan set long-term interest rates with less need to intervene in markets, though it has yet to prove itself in boosting inflation, two top New York Federal Reserve Bank officials wrote on Monday.
Au moment où la signature d'une entente semble imminente, Québec solidaire demande que la population québécoise soit consultée sur l'Accord économique commercial et global entre le Canada et l'Union européenne (AECG). Amir Khadir, député de Mercier et André Frappier, président et porte-parole de Québec solidaire, s'inquiètent du fait que cet accord donne un pouvoir démesuré aux…
On a warm evening in July, the Chrysler Center Capital Grille in Midtown Manhattan had more than customers to contend with. Inside, diners feasted on a $35 prix fixe dinner as part of the city’s Restaurant Week promotion. Outside, protesters handed out mock “menus”: “First course: Wage Theft. Second course: Racial discrimination.” Some passersby rolled their eyes; others pumped their fists. Dishwasher Ignacio Villegas yelled: “No more exploitation of workers!” His fellow demonstrators—a few co-workers and a couple of dozen staffers and activists from the Restaurant Opportunities Center (ROC)—picked up the chant, Occupy-style.
Children of Australia's richest families will meet Microsoft founder Bill Gates in the U.S. Sep. 30-Oct. 3, 2013 as part of Philanthropy Australia's New Generation of Giving (New Gen) Program.
Canada’s largest lenders are warning Prime Minister Justin Trudeau’s government it doesn’t have carte blanche to run massive budget deficits, even though there’s some room for additional spending in the next couple of years.
The banks are due to use about €765bn of the ultra-cheap loans to repay earlier ECB loans that are about to mature. But they are expected to use much of the remaining €543bn to buy bonds issued by their own governments — earning them an instant profit on the “carry trade” between the negative rate from the ECB and the higher yield on government bonds.
BC Hydro confirmed Wednesday that it is not going to install smart meters without the permission of residents, but it's not clear what the Crown corporation's long term plan is.
The latest from Mowat in our ongoing Shifting Gears research partnership with KPMG, this study looks at the growing global trend toward outcomes-based program funding in an era marked by fiscal restraint and rising expectations for accountability and effectiveness. The paper studies the challenges facing governments that seek to extend an outcomes-based model to highly complex program areas like criminal justice and child and family welfare.
(Bloomberg) -- President Joe Biden has selected Celeste Drake, a longtime trade expert from AFL-CIO, to be the first director of his initiative to steer more federal dollars to U.S. manufacturers and producers, an administration official said.
Trans-Pacific Partnership (TPP) negotiations have become the territory where a brewing perfect storm over investor-state dispute resolution (ISDR) is making landfall. The June 2012 leak of the draft TPP Investment Chapter text added energy, but much more is fueling this tempest.
While energy around social impact bonds continues to build in places like Canada, the U.S. and the U.K., Enterprising Non-profits Canada team manager David LePage is calling for clarity and more expansive thinking.
The hard reality is that we cannot expect Australian banks to stop funding mining altogether. The question we need to be asking is – can banks make a profit by investing some of that coal money towards reef-friendly businesses?
Crises can drive change, but sometimes it takes two crises to cement a transformation. Alone, the Great Depression ushered in the New Deal, roughly tripling U.S. federal spending as a share of output. But it took World War II to push federal spending much higher, solidifying the role of the state in the U.S. economy. If federal interventions such as the creation of the interstate highway system felt natural by the mid-1950s, it was the result of two compounding shocks, not a single one.
The Canadian government is considering a shift to longer-term borrowing to finance its ballooning budget deficit, a strategy that has the potential to complicate matters for companies raising money in the country’s bond markets.
Minister for Employment and Social Development and Minister of Multiculturalism Jason Kenney delivers a keynote speech at the Social Enterprise World Forum.
There is something in the air. Collaborative working spaces, social innovation, crowdsourcing and crowdfunding, impact investing, social impact bonds, vent
The Cabinet Office’s Centre for Social Impact Bonds has developed two new tools to assist the development of the bonds: the 'Knowledge Box' online portal and a template service agreement contract.
A decade ago, a buyout giant took over a group of Catholic medical centers and made some clever financial moves. The pandemic highlights the strategy’s success—and its cost.
The partnership includes $16.3 million, funded in part by the Government of Canada's Innovative Work-Integrated Learning program to CEWIL to fund grants that will enable the creation of curricular work-integrated learning (WIL) focusing primarily on applied research/industry projects, entrepreneurial WIL, field placements, and service-learning WIL. CEWIL is accepting proposals for 8150 WIL experiences through its new CEWIL Innovation Hub (iHUB), a centre of expertise that supports the advancement, innovation and access to WIL while ensuring projects are delivered with appropriate quality and learning standards for students.
The second volume of Professor Dame Sally Davies the Chief Medical Officer's annual report provides a comprehensive overview of the threat of antimicrobial resistance and infectious diseases. The report highlights that, while a new infectious...
Colleges and Institutes Canada (CICan) is the national and international voice of Canada’s publicly supported colleges, institutes of technology, cégeps, polytechnics and universities with a college mandate.
Global emissions scenarios play a critical role in the assessment of strategies to mitigate climate change. The current scenarios, however, are criticized because they feature strategies with pronounced overshoot of the global temperature goal, requiring a long-term repair phase to draw temperatures down again through net-negative emissions. Some impacts might not be reversible. Hence, we explore a new set of net-zero CO2 emissions scenarios with limited overshoot. We show that upfront investments are needed in the near term for limiting temperature overshoot but that these would bring long-term economic gains. Our study further identifies alternative configurations of net-zero CO2 emissions systems and the roles of different sectors and regions for balancing sources and sinks. Even without net-negative emissions, CO2 removal is important for accelerating near-term reductions and for providing an anthropogenic sink that can offset the residual emissions in sectors that are hard to abate. Current emissions scenarios include pathways that overshoot the temperature goals set out in the Paris Agreement and rely on future net negative emissions. Limiting overshoot would require near-term investment but would result in longer-term economic benefit.
Small island developing states are currently faced with two significant challenges that are more onerous due to limited financial resources: adapting to increasing climate change risk and recovering from the pandemic. Debt-for-climate swaps provide an avenue for SIDS to address these challenges.
On August 14, 2003,there was a huge blackout across the American northeast and almost every inch of Ontario -the largest blackout in North American history affecting about 50 million people in total.
Social impact bonds funnel private capital into philanthropic projects. Investors receive a return based on whether the project saves public money by addressing the social issue it targets.
Among some promoters of social impact bonds, one might find a tendency toward irrational exuberance. They’ll slip into language that suggests the market discipline purportedly inserted into social programming by private capital is much more broadly applicable to a range of social problems than experience so far bears out. We have some enthusiasm-tempering considerations that SIB advocates and critics might reflect upon.
“Under Mayor Emanuel, $16.6 million in ‘social impact bonds’ from Goldman Sachs will cost taxpayers more than double the amount borrowed. The money used to pay the interest and multimillion-dollar fees will come from property tax dollars that would have otherwise gone to schools and further mortgage our children’s future,” Garcia said.
U.S. corporations have launched an alarming new offensive against Canadian health and environmental policies under the North American Free Trade Agreement (NAFTA). Three U.S. firms recently announced plans to use the “trade” pact to seek nearly one billion taxpayer dollars...
Advanced economies should not worry about debt, but instead take advantage of historically low borrowing costs to increase spending on infrastructure maintenance immediately, the IMF said in a report published on Monday.
Board of Education member Henry Bienen took an unusual step at last month’s meeting: He voted against a plan that came down from Mayor Rahm Emanuel’s office.
The NFP Experience with Social Impact Bonds
Social Impact Bonds (SIBs) are a new funding tool that uses private capital to fund preventative social interventions. A new idea generating high levels of excitement and controversy, advocates see SIBs as a vehicle for innovation, while critics fear that they will be used by government to offload social spending. In fact, it is still early days and the evidence is not yet available to determine their success, failure, threat or promise. This Sector Signal looks at the early experiences of NFP service providers in SIBs and examines challenges and opportunities of the model.
Mr Maude denied the bond scheme was a way of shifting the cost of public sector projects on to private investors and philanthropists – but acknowledged the model is a useful way of delaying payment. “When the results are delivered that triggers a payment . . . and this payment will come from the public sector,” Mr Maude said. “It’s a way of funding the work in advance”.
(November 2011) A little after a decade after the onset of liberalisation and privatisation, the German energy sector is experiencing a return to (...)
Workers getting a smaller slice of the pie | ILO GENEVA (ILO News) – Workers’ share of national income has been shrinking in most countries, causing public dissatisfaction and increasing the risk of social unrest, the International Labour Organization (ILO) has said in a report. “It has affected perceptions of what is fair, particularly given the huge payments some company executives have been getting,” said Patrick Belser, a co-author of the Global Wage Report 2012/13. Simply put, more of the national pie has been going to profits, and less to workers.
The commercial director of the children's charity says it's wrong to compel charities to sign up to social investment schemes as a condition in a contract or programme
Learn how to create professional graphics and plots in R (histogram, barplot, boxplot, scatter plot, line plot, density plot, etc.) with the ggplot2 package
On April 14, 2014, PPP Canada opened up its application process for the sixth round of the P3 Canada Fund. The federal government has committed $1.25 billion in funds to this program and to qualifying projects and municipalities.
The 10-storey, 680,000 square foot state-of-the-art facility has 404 patient beds in rooms designed to accommodate the latest equipment, provide natural light, and organized to facilitate the best patient care. Each floor has shared dining rooms, activity rooms and patient lounges to encourage social interaction and participation. In planning for the future of healthcare, we have also ensured that the design is to be adaptable for future changes.
Pursuant to its mandate under Standing Order 108(2), the Committee has studied Exploring the Potential of Social Finance in Canada and has agreed to report the following.
However, the nature of philanthropy is also changing, according to Judith Rodin, president of the Rockefeller Foundation, the $4bn (£2.6bn) -endowment charity founded by John D Rockefeller in 1913.
“There simply isn’t enough money in philanthropy and in governments and development aid to solve all the problems in the world effectively,” she says.
“So we’ve been looking at ways to unlock private capital and the innovation and the energy of the capital markets towards a social purpose.
“We started to see a number of very wealthy younger investors who were saying that they didn’t want to do their philanthropy with the right hand and their investing with their left hand.
The merits of investing in private versus public equity have generated considerable debate, often fueled by concerns about data quality. In this paper, we use
Nearly sixty percent (59%) of educators and administrators say they aren’t sure or haven’t received new cybersecurity initiatives or training for remote learning, despite 78% of educators saying they’re currently utilizing some type of online learning.
Together, they paint a picture of an institutional set up for public-private partnerships that enshrines ‘privileges and advantages’ for the private sector and ‘duties and obligations’ for the public sector, with worrying implications for the sidelining of the public interest in a wide range of subjects: from neglecting pandemic preparedness, to fuelling deforestation and climate change.
An increasing share of total university and college enrolments have come from international sources in recent years. During the 2017/2018 academic year, 14.7% and 13.2% of all university and college enrolments were international, respectively. Given the ongoing uncertainties around the COVID-19 pandemic and the new public health restrictions imposed on international travel, physical distancing guidelines affecting classroom structures, and the real possibility that many programs may have to be delivered online, the share of enrolments in various academic programs that are international is of high relevance at the moment.
Under these agreements an organization will receive base funding but can receive more if performance targets are met or exceeded. Performance targets will vary based upon the specific needs of a region and may include any combination of measurable criteria such as employment, job retention, wage levels, or barriers faced such as: age, time spent out of the workforce, being indigenous, or being a newcomer. This approach will be used provincewide when new contracts for services are required.
Rapid economic growth in the emerging worlds has placed downward pressure of manufacturing wages in the advanced world. With increasingly lower real interest rates putting upwards pressure on asset prices, these twin forces have the propensity to accelerate income inequality. What do the facts say?
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