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?
Social enterprise and social impact bonds are evolving concepts to describe new ways applying market models and solutions to social problems along with new ways of financing these projects. Contracting for outcomes, while well-understood in business-based contracts is still fairly new in the application to social programs. These are distinct but related approaches that are being touted as a way for government contract for public services and reduce expenditures on social programs.
This guide gives an overview of the privatization, contracting out and contracting in issues CUPE members face – along with sample collective agreement language for local bargaining committees, bargaining councils and staff representatives. Privatizing jobs and services hurts members and the community, as workers’ living standards decline and well-paying jobs disappear. Our first line of defence against privatization is our union contract, negotiated through collective bargaining.
The federal government's plan to help the private sector fund the public sector with 'social impact bonds' appeals to some cash-strapped social service agencies but worries others.
A new study by the Parkland Institute details the devastation to
Alberta's social services sector following decades of experimentation by
the provincial Tories. The main goal of many of these initiatives was to
cut government spending on social welfare and offload provision to
anyone willing to take them on – for-profit and not-for-profit
organizations alike.
A New York City program aimed at cutting recidivism rates among Rikers Island adolescent prison inmates failed to meet its desired goal. As a result, the city paid nothing for it.
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.
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.
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.
This paper shows how Social Impact Bonds (SIBs) serve to expand privatization in areas of social reproduction and care work. SIBs extend neoliberalism and austerity in the social care sector through the financialization of care work. They open these domains as a new frontier for investment markets, creating inequity for already marginalized groups. The paper concludes with an overview of the SIB landscape in Canada and explores its possibilities for growth.
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.
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.
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.
Justin Trudeau’s government made every effort on Wednesday to convince Canadians the country can afford a budget deficit that will soar to 16% of economic output this year. Its actions suggest there’s some worry.
Economists use different models to estimate the neutral rate. Widely cited
estimates from Federal Reserve economists Kathryn Holston, Thomas Laubach and John Williams put the real (or inflation-adjusted) neutral rate at about 0.6% in the United States as of the second quarter of 2018. This measure has declined over time. The chart below shows the Holston, Laubach, Williams (HLW) estimate of the long-run neutral rate for the US since the 1970s. Since 1972, the estimated neutral rate has declined by 2.8 percentage points.
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