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Innovative Philanthropy: Why Charitable Giving in Global Education Is Good Business
The business community is increasingly aware of its social responsibility and the impact of its charitable giving — and this shift is influencing how it interacts with the philanthropic sector. Kingsley Pungong of Rainbow Sports Global shares the changes he's seen as a long-term entrepreneur and philanthropist, and explores how innovative new giving models can benefit both recipients and donors. As a case in point, he explains how his recent donations in support of global childhood education will improve his business dealings and make a strong social impact.
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The Coronavirus Pandemic Is Debunking Some Long-Held Myths of the Energy Industry
The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry.
- Categories
- Coronavirus, Energy
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Avoiding Another Crash: How Global Standards Set after the 2008 Crisis Prepared the Financial System to Weather COVID-19
International standard-setting bodies have been working to strengthen global financial stability ever since the 2008 crisis. And according to Robin Newnham at the Alliance for Financial Inclusion, they are now playing vitally important roles in the global response to COVID-19. He explores how the global financial system is seeing the benefits of the reforms of the past decade – and how these efforts can expand in the future.
- Categories
- Coronavirus, Finance
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Cash Transfers in the U.S. are Exploding: Here’s How to Make them Effective, During COVID-19 and Beyond
The U.S., like over 130 countries around the world, has deployed direct cash transfers to mitigate the hardships of COVID-19. But as Sheida Isabel Elmi and Rachel Black at the Aspen Institute Financial Security Program point out, many U.S. households were financially insecure even before the pandemic began. They argue that cash transfers should be an ongoing response to these vulnerabilities, and share research on how to leverage these programs for the fullest benefit.
- Categories
- Coronavirus, Finance
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How Can We Protect the World’s Poor From Coronavirus and Its Economic Effects?
G20 leaders urgently need to reconvene to agree on an enhanced and more strongly coordinated global response to the COVID-19 crisis. Although lockdowns are being eased in many places, the daily number of new COVID-19 cases worldwide recently reached its highest level yet, while the pandemic’s devastating economic toll continues to mount as new epicenters arise in the emerging and developing world.
- Categories
- Coronavirus, Finance
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Building Financial Stability: Can Liquid Savings Help Recession-Proof the Economy?
Though the U.S. economy is experiencing a historic expansion, stock market jitters and other recent developments have some economists predicting a recession. And according to Mariel Beasley at Common Cents Lab and Timothy Flacke at Commonwealth, cracks have been forming beneath the surface of the economy for a long time. They explore the surprising financial insecurity facing American households, and explain why short-term, liquid savings could help mitigate the effects of a future recession before it begins.
- Categories
- Finance
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Viewpoint: Are Big Banks Really Serving Cash-Strapped Americans?
Overdraft “protection” can feel like a misnomer, as anyone who has ever been charged an overdraft fee — or a collection of them — knows. “Violation” would be a more appropriate term in many cases.
- Categories
- Finance
- Region
- North America
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MetLife Foundation Awards $2.5 Million Grant to The Financial Clinic to Bring Financial Security to Jobseekers Nationally
The Financial Clinic (the Clinic) announced April 11 the launch of WorkBOOST National, a three-year initiative that will bring financial security approaches to scale, made possible by a $2.5 million grant from MetLife Foundation.
- Categories
- Finance
- Region
- North America
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