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Janine Shea

To Fight Climate Change, College Students Take Aim at the Endowment Portfolio - NYTimes... - 0 views

  • In recent weeks, college students on dozens of campuses have demanded that university endowment funds rid themselves of coal, oil and gas stocks. The students see it as a tactic that could force climate change, barely discussed in the presidential campaign, back onto the national political agenda.
  • “Our students are already demanding action, and we must not ignore them.”
  • But at colleges with large endowments, many administrators are viewing the demand skeptically, saying it would undermine their goal of maximum returns in support of education.
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  • At Harvard, which holds the largest endowment in the country at $31 billion, the student body recently voted to ask the school to do so. With roughly half the undergraduates voting, 72 percent of them supported the demand.
  • Mr. McKibben’s goal is to make owning the stocks of these companies disreputable, in the way that owning tobacco stocks has become disreputable in many quarters.
Janine Shea

Thanks for Not Sharing - NYTimes.com - 0 views

    • Janine Shea
       
      Social pressure compels greater use!
    • Janine Shea
       
      Or avoidance...let's test what's more common
  • But there is a new urge to behave as if life were some global high-school reunion at which everyone has taken some horrific tell-all drug.
  • But that would be to debase the word “information.”
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  • oversharing and status anxiety, the two great scourges of the modern world.
  • being anxious that our status might be falling or — the horror, the horror! — disintegrating
  • Number of Twitter followers shrinking or not growing as fast as your friends’? Status anxiety attack begins. No e-mails or texts received in the past 78 minutes? Status anxiety attack accelerates. Got unfriended or discover by chance on LinkedIn that your 29-year-old college roommate is now running an agribusiness fund out of St. Louis that has assets of $47 billion and owns half of Madagascar? Status meltdown kicks in. The only antidote, the only means to push that status up again, it seems, is to keep sharing more and more.
Janine Shea

Buick Underwrites MSN Travel Show 'Re - Discover' - NYTimes.com - 0 views

  • While it resembles conventional travel shows, the series turns out to be a vehicle for, appropriately enough, a vehicle. “Re: Discover” is underwritten by Buick
  • Some New York episodes, for example, feature Karen Washington, a community activist who has been instrumental in the urban farming effort to turn empty lots into community gardens.
  • senior brand strategist
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  • ensuring the cars were in the storytelling
  • the series is aiming for something more subtle: instilling in viewers an affinity for Buick.
  • “Buick is enabling the entire experience
  • Russ Axelrod
  • Buick models, particularly the Regal, appear only incidentally in the videos, as in product placement deals in television shows or movies. Specifically, participants drive from one establishment or attraction to another in Buicks, but never mention the brand.
  • “If I’m a consumer coming to the site, the underlying message is that Buick gets me, that they understand what I like on a content basis, and if they understand what I like on a content basis maybe they’ll understand me on a vehicle basis.”
  • It is no coincidence that the brand is, through the series, encouraging a fresh look at cities at the same time its ads encourage a fresh look at its cars.
  • “Buick is sort of trying to reinvent itself in the eyes of the consumer,”
  • Cities are reinvigorating themselves and being discovered in a new way, whether it’s Miami or L.A. or New York, and that’s what Buick is trying to get across as well.”
  • Buick has been the company’s fastest growing brand
  • “We talked about Detroit, and we love Detroit, but it’s not in the original batch of cities because we do quite well there as it is,” said Mr. Casmon of Buick. “Los Angeles, Miami, New York — in some of those markets we don’t have as strong a position, and we’re hoping to reintroduce the Buick brand to that audience, especially those who drive imports who are not familiar with Buick right now.”
Janine Shea

'Crowdfunding' Rules Are Unlikely to Meet Deadline - NYTimes.com - 0 views

    • Janine Shea
       
      Deposits huh...?
  • Under Title III, companies wishing to sell stock to the public will have to provide information to investors and the S.E.C., including financial disclosures that grow more extensive as the size of the offerings increases. They will be allowed to sell stock only through an intermediary: either a broker-dealer or a specialized crowdfunding Web site, or portal. The intermediaries will have to take steps to ensure that small investors are protected, even from themselves. The law limits how much a person can invest in crowdfunding in a year, depending on income and net worth.
  • protection measures could, if fully adopted, make crowdfunding prohibitively expensive.
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  • The industry is likewise taking aim at a requirement that issuers raising more than $500,000 provide investors with audited financial statements.
  • And with the departure of the S.E.C. chairwoman, Mary L. Schapiro, and three of her top deputies — including two who manage the offices writing the regulations — some in the nascent equity crowdfunding industry worry that it could be 2014 before their line of business becomes legal.
  • The crowdfunding provision, Title III of the Jumpstart Our Business Startups Act, creates an exception to the general rule that before a company can sell its stock to the public, it must register with the S.E.C., a process of disclosure requiring elaborate and expensive assistance from lawyers, accountants and investment bankers that most small companies cannot afford. Instead, businesses seeking less than $1 million will be able to raise capital online from small investors in a streamlined process.
  • intermediaries
  • deposits on a product.)
ccfath

Crowdfunding for Small Business Is Still an Unclear Path - NYTimes.com - 0 views

  • That big issue caused Mr. Caldbeck to leave his job to start CircleUp, a company that aims to connect up-and-coming consumer products companies with investors.
  • crowdfunding is a way for capital-starved entrepreneurs to receive financing that neither big investors nor lenders are willing or able to provide. To others, it represents a potential minefield that could help bad businesses get off the ground before they eventually fail, and in some cases could even ensnare unsophisticated investors in outright fraud.
  • SoMoLend, which lends money to small, Main Street-type businesses that typically wouldn’t interest private investors.
Janine Shea

A Chicago Park Learns from New York's High Line - Next City - 0 views

  • corporations like Boeing and Exelon have added $12 million in donations.
    • Janine Shea
       
      CORPORATE DONATIONS
  • The High Line has reportedly spurred more than $2 billion in area investment. Though it cost the city $112 million, the park is expected to bring in an estimated $900 million in additional tax revenues over two decades.
  • already New York City’s second-most popular attraction, pulling in nearly 4.5 million visitors in 2012, and ranks among the most influential public works projects of the past half-century, altering our thinking about public space and urban revival.
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  • Funded by a $467,000 grant from New York Gov. Andrew Cuomo, the Trust for Public Land
  • Parks are suddenly big business.
  • d Friends of the High Line,
  • reliance on non-municipal funding
  • property values along the park doubled within two years.
  • Since the city rezoned the area in 2005 to encourage development, nearly 30 new building projects have accounted for more than $2 billion in private investment, adding some 12,000 jobs, 2,500 residential units, 1,000 hotel rooms and nearly half a million square feet of new office and gallery space
  • Aping the High Line, then, is not merely about sustainable reuse or new park construction. It’s about sparking investment and increasing a city’s ability to attract new residents.
  • “Cities have really become aware that they are competing with each other for the businesses and well-educated mobile citizens that make cities work,”
  • choose green, walkable cities with great neighborhoods, great parks, good cultural institutions. I think the reason cities are investing in these opportunities is that they are really trying to position themselves to attract these people.”
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