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Expected Profits and The Scientific Novelty of Innovation -- by David Dranove, Craig Garthwaite, Manuel I. Hermosilla

Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for firms to develop new products in the future. While existing research demonstrates that expected profits fuel R&D investments, little is known about the novelty of the projects funded by these investments. Relying on data that describe the scientific approaches used by a large sample of experimental drug projects, we expand on this literature by examining the scientific novelty of pharmaceutical R&D investments following the creation of the Medicare Part D program. We find little evidence that the positive demand shock implied by this program prompted firms to undertake scientifically novel R&D activity, as measured by whether the specific scientific approach had been used before. However, we find some evidence that firms invested in products involving novel combinations of scientific approaches. These estimates can inform economists and policymakers assessing the tradeoffs associated with marginal changes in commercial returns from newly developed pharmaceutical products.




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As Chicago’s building boom continues, new nonprofit aims to train women and minorities for construction trades

Major players in commercial real estate, construction and organized labor are teaming up with the United Way to try to place thousands of and minorities into trade careers in Chicago, where there is both a shortage of skilled labor and a dearth of jobs in swaths of the city.




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'Bachelor' creator Mike Fleiss makes a rosy profit on Hawaiian land

The eight-acre parcel of land on Kauai, which shelters a collection of tropical fruit trees, went for $4.2 million, about 60% more than Fleiss paid in 2016.




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Musk announces a $35,000 Model 3, closure of most retail stores, and a no-profit quarter

Three years after he promised to sell an all-electric Model 3 mass-market sedan for $35,000 before incentives, Elon Musk may finally be coming through.




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Tesla reports a fourth-quarter profit, and its stock soars again

With stock price in the stratosphere, Tesla grows earnings again. But questions about the future remain.




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Used car warning: Buying this vehicle today will be ‘best investment’ for future profits



BUYING this type of vehicle now will be the "best investment"' for motorists hoping to later sell a model on the used car market, according to car sales experts at Motorway.co.uk.




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With factories dark, GM profit slumps 88 per cent; 2Q likely worse

General Motors' first-quarter net income fell 88 per cent, but it still managed to make US$247 million despite the arrival of the global coronavirus pandemic.




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Tia Stokes, non-profit Kalamity founder, dancing her way through cancer diagnosis

A GoFundMe page aims to match the nearly $600,000 that Tia Stokes' non-profit dance group Kalamity has raised for people facing real-life calamities.

       




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The $440 million nonprofit arts industry expects major damage. Here's how to help.

Indianapolis' nonprofit arts sector supports about 30,000 jobs. The closures forced by coronavirus are causing damage to theaters, artists and more.

      




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IndyCar, IMS to auction off fan experiences to support non-profits battling the coronavirus

Interested in waiving the green flag at an Indy 500 practice, and looking to stay busy during the Month of May? IndyCar and IMS have a solution.

       




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IndyCar, IMS to auction off fan experiences to support non-profits battling the coronavirus

Interested in waiving the green flag at an Indy 500 practice, and looking to stay busy during the Month of May? IndyCar and IMS have a solution.

       




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Pray For America Shirt (ALL Profits to Charity!)

When Italy and NYC needed help, Samaritan's Purse stepped up, erecting field hospitals to house Corona patients in both Italy and The United States of America.

Now it's our turn to step up and help out. 100% ..

Price: $13.95




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Fin24.com | ADvTech expects profit spike after Monash SA acquisition

ADvTECH attributed the expected rise in earnings to one-off transactions including "bargain purchase gains" arising from the Monash SA acquisition, foreign exchange movements and insurance proceeds related to a previously reported fraud event.




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Corporations and Environmental Sustainability: Profit vs Planet?




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Loan repayment by self-financing post-secondary institutions under Start-up Loan Scheme, non-profit-making international schools and student loan repayers to be deferred for two years




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How nonprofits can boost donations using the marketing mix

(American Marketing Association) Nonprofits may better meet their missions by learning to effectively employ the entirety of the marketing mix to attract individuals to available donation opportunities.




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Spheres of Exploitation: Thwarting Actors Who Profit from Illegal Labor, Domestic Servitude, and Sex Work

This report analyzes the exploitation of migrants in three spheres: the domestic care sector, the labor market, and the sex industry. It details several obstacles governments face in their efforts to weaken the "bad actors" that profit from exploitation, and shows how one of the biggest challenges facing law enforcement is that serious criminals and lawbreakers often operate on the edge of legality and exploit legal routes wherever possible.




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Nonprofit recruiting dentists to volunteer in Puerto Rico

The U.S.-based International Medical Relief is sponsoring outreach trips to Puerto Rico in response to the earthquakes that have devastated the region.




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ADA, others ask lawmakers to include nonprofits in COVID-19 legislation

As Congress works on the next coronavirus-related relief package, the ADA and 37 other health care organizations are asking lawmakers to support nonprofit groups in those efforts.





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The injustice of "policing for profit" -- and how to end it | Dick M. Carpenter II

Many countries have an active, centuries-old law that allows government agencies to take your things -- your house, your car, your business -- without ever convicting you of a crime. Law researcher Dick M. Carpenter II exposes how this practice of civil forfeiture threatens your rights and creates a huge monetary incentive for law enforcement to pocket your possessions -- and he lays out a path to end "policing for profit" once and for all.




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Rhode Island to Promote Blended Learning Through Nonprofit Partnership

The Rhode Island Department of Education and the nonprofit Learning Accelerator are teaming to develop a strategic plan and a communications strategy aimed at expanding blended learning.




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Forum 2019 : 3D The keys to profit and cash flow improvement : slides / presented by Mathew Schlyder, Director, FWO Chartered Accountants.




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Persistence and profits pay off

Knocking on closed doors is something Renu Bala is very good at. First, it was the doors of her neighbours in Panjor Bhanga, her home village in northern Bangladesh. She had an idea for them: what if they formed a milk cooperative? They didn’t have much to lose. “The women of this village are very poor and raise only local Deshi cattle,” Renu explains. [...]




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Coronavirus: Kevin McKenna: We must put people before profit

SEVEN weeks into lockdown it’s natural that we’re all looking for the dove with the olive branch signifying this virus is receding. I fear, though, that a generation will pass before we encounter anything resembling normality. I’d be wary too of those eagerly plotting road-maps out of uncertainty and consider first what might lie behind their enthusiasm.




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Youth League starlets profit from educational programme

Young players from the four teams taking part in the UEFA Youth League finals in Nyon have been given important insights into financial planning and the video assistant referee (VAR) system at an education session.




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Fin24.com | After-tax profits: Resources to continue to lead

An exception is the gold industry. South African gold miners are struggling to maintain production levels.




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Delaware Nonprofits Share in Grant Funds to Promote Financial Literacy

A wide-ranging group of community organizations serving Delawareans from all walks of life have been selected to receive this year’s round of grant funds from the Financial Literacy Education Fund (FLEF.)




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SBI Cards And Payment Services Profit Drops 66% In March Quarter

SBI Cards and Payment Services on Friday posted a 66 per cent fall in net profit at Rs 84 crore for the quarter ended March 31




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ICICI Bank March Quarter Profit Jumps 26% To Rs 1,221 Crore

Gross non-performing assets came in at 5.53% in the quarter ended March 31, as against 5.95% in the previous quarter.




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Reliance Jio’s net profit up 73% in Q4

Jio's voice volume at 876,340 million minutes registered an increase of 6% compared to the preceding quarter. Usage per customer at 771 minutes, per month registered a rise of 1.4% sequentially.




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RIL’s Q4 net profits down 37.2%; misses estimates to carve out O2C business

The company has also created an interesting new business vertical from this quarter - financial services - based on internal reorganisation of its business segments.




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Governor Carney Urges Delawareans, Businesses, Nonprofits to Support COVID-19 Response

Community call-to-action issued for emergency materials, supplies WILMINGTON, Del. – Governor John Carney issued a community call-to-action on Thursday, urging all Delaware citizens, businesses and nonprofits to offer their assistance in Delaware’s fight against coronavirus disease (COVID-19). The State of Delaware launched an online tool at de.gov/coronavirus to connect Delawareans offering materials and supplies with organizations, medical […]




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Security Grant Funds Available for Nonprofits

  Smyrna, DE – Do you know a nonprofit organization in Delaware that may be interested in grant funding for security enhancements?  Organizations with 501(c)(3) status may be eligible to receive funding from the Nonprofit Security Grant Program (NSGP) which supports organizations that may be at high risk of a terrorist attack.  Nonprofits that may […]




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Aurbindo Pharma posts net profit of Rs 705 crore in December quarter

Revenues from anti-retroviral (ARV) formulations stood at Rs313.4 crore as against Rs281.3 crore, an increase by 11.4% y-o-y.




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Estimated 29% drop: Weak chip demand hits Samsung’s Q4 profit

Samsung Electronics surprised the market on Tuesday with an estimated 29% drop in quarterly profit, blaming weak chip demand in a rare commentary issued to ‘ease confusion’ among investors already fretting about a global tech slowdown.




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Moratorium: 10 per cent provisioning may shave Rs 35,000 crore off bank profits

The new provisioning requirement has to be made for the March and June 2020 quarters and this will impact their profitability in 2019-20 and 2020-21.




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RBL Bank net profit falls 54% as provisions rise

The bank has provided moratorium to around a third of its customers, RBL Bank MD & CEO Vishwavir Ahuja said in a conference call after results.




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SBI Card Q4 profit slides 66% y-o-y as impairment losses soar

The total balance sheet size as on March 31, 2020 was Rs 25,303 crore, up 25.6% from Rs 20,146 crore on March 31, 2019.




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ICICI Bank Q4 profit jumps 26% to Rs 1,221 crore; announces Rs 25,000 crore fundraising plan

Private sector lender ICICI Bank reported a 26% on-year jump in standalone profit for the quarter ended March 31. The bank saw total income in the March quarter surge by Rs 2,500 from the previous year.




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Major Public Sector banks report decline in profits

Major Indian Public Sector Banks report decline in the profits




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~$CPIL$372157$title$textbox$Three-pronged E. coli Strategy to Help Cut Losses, Improve Profitability$/CPIL$~




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How To Hack A Company By Circumventing Its WAF For Fun And Profit - Part 2





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How Many Microsoft Products Can My Nonprofit Request from TechSoup?

https://blog.techsoup.org/posts/how-many-microsoft-products-can-nonprofits-request

Here is the short answer to the question of how many Microsoft products you can request: You can get 50 of each kind of product in a two-year period — but there are some exceptions.

 

See Microsoft products

What do you mean by "each kind of product"?

The Microsoft Donation Program divides products into categories called title groups. See the current list of 37. A title group contains products that serve essentially the same purpose, like PowerPoint and PowerPoint for Mac.

You can get products from 10 title groups in your two-year cycle.

When does this two-year cycle start and end? Is it the calendar year?

No. Your nonprofit has its own two-year cycle. Your first cycle started the day you requested your first Microsoft product through TechSoup. You can see when your current cycle ends on your Microsoft Donation Center page.

Outlook and PowerPoint are both title groups. Does that mean we can get 50 of each product?

That's right. They can be all the Windows version, all the Mac version, or a mixture of the two. And you will be able to request products from eight more title groups.

What are the exceptions you mentioned?

They have to do with servers. Microsoft offers two licensing models for its server products.

  • Core-based licensing. This licensing is based on the number of cores in the physical processors of your server machines. The product page on TechSoup will tell you whether the server uses this type of licensing. You can request up to 50 of these products from each title group, the same as desktop products. But you might have to request more than one product to fully license all the processors in your server.
  • Non-core-based licensing. You can request a total of five server products that do not use core-based licensing. They can be from a single title group or from different title groups, but the total cannot be more than five.

A lot of the title groups are for CALs and MLs. What are the limits for these?

You can get 50 from each title group.

CALs, or client access licenses, give you access to a server from a device like your desktop computer.

MLs, or management licenses, let your device be managed by a management server.

Where can I find out more?

This article goes into a lot more detail and gives examples of how the various allotments work together.




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Nonprofit Harnesses Tech to Plant Tens of Thousands of Trees

(Please visit the site to view this video)

What does it take to make a city greener? In San Francisco, it took a small group of motivated people to come together to create a nonprofit. After the city cut funding for urban forestry 36 years ago, seven individuals decided to take matters into their own hands. They created a nonprofit, Friends of the Urban Forest (FUF).

Starting with a Small Budget, FUF Plants Nearly Half San Francisco's Street Trees

The organization started off with just a small budget from a leftover city grant. Then it used grassroots efforts to rally neighborhoods throughout the city around urban trees. By empowering and supporting communities and homeowners to plant and care for their own trees, FUF has successfully planted 60,000 of the 125,000 trees in San Francisco. The group eventually even worked with the city to create San Francisco's first ever Urban Forest Plan.

FUF Harnesses the Power of Many Volunteers to Plant and Advocate for Trees

FUF is a member of TechSoup, and TechSoup's staffers were very excited to reach out for an interview to hear more about the group's impact. My team joined FUF early on a Saturday morning for its volunteer tree planting event in the Portola neighborhood, a part of the city that is lacking street trees. It was cold even by San Francisco standards, but there was an impressive turnout of volunteers present and ready to plant.

The executive director of FUF, Dan Flanagan, joined us and told us about his work. "We get to get out in the city and make it greener. We advocate for trees; I always call ourselves the Lorax of San Francisco. We are the only organization in San Francisco that is speaking for the trees."

FUF Gets the Chance to Plant Even More Trees … in Neighborhoods That Really Need Them

Dan was excited about a recent accomplishment for the organization. San Francisco just passed Proposition E, which opens up major opportunities for the nonprofit. As he said, "It changes the responsibility from street trees and sidewalks away from the homeowners and to the city. As a result, homeowners are no longer responsible, and now we actually get a chance to make the city more green than ever before by planting more trees in neighborhoods that couldn't afford it before."

This policy makes the city responsible for maintenance, but it will still require FUF to continue its work of planting the trees. FUF hopes to plant 1,700 trees this year and ultimately hopes to plant 3,000 trees every year.

FUF Puts Technology from TechSoup to Work

I was curious to find out how FUF was using technology to further its mission. Jason Boyce, individual gifts manager, said: "Here at Friends of the Urban Forest, a lot of our field staff tend to be out in the field all day; technology really needs to be out of the way to allow us to plant. So, as a result, the relationships we build with our community tend to be stronger because we use technology to enable our work, but it doesn't get in the way of our work."

Jason explained, "We have been working with ArcMap for years, ... GIS software that TechSoup has provided for us. We use it to plant trees, to figure out where we are going to plant. When we do our plantings, we actually dole out the maps that our volunteers use to do the plantings, and all that comes through ArcMap. We use Adobe Acrobat to put together our tree manuals for our new tree owners and volunteer manuals. We use AutoCAD to put together the permit drawings for our sidewalk gardens. Technology plays a really important role in doing our plantings and making San Francisco more green."

FUF Partners with the City to Calculate the Environmental Benefits of Trees

Jason also recently worked with the city on the Urban Forest Map, which is an interactive online map that tracks every tree in San Francisco. The map helps calculate the environmental benefits the trees provide, including stormwater mitigation, air pollutants captured, and carbon dioxide removed from the atmosphere. This platform has increased the visibility of the city's urban forest.

As Jason said, "We are now at the forefront of cities worldwide that are building software to manage their urban forests. … [This] really gives a lot of benefit to the people living in San Francisco."

TechSoup is proud to support organizations like Friends of the Urban Forest by enabling them with the technology they need. That support gives them more time to focus on their impact, like planting trees, or to build the communities that help them thrive.




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Microsoft's MileIQ Helps a Nonprofit Show People How to Save Lots of Energy


In 2015, the state of Louisiana consumed more energy per capita than any other state, according to the U.S. Energy Information Administration. Although this may not come as a complete surprise — the state's warm, muggy climate makes air conditioning a must — it's clear that Louisiana's energy-use profile needs a drastic transformation.

The Energy Wise Alliance (EWA), a small nonprofit based in New Orleans, is determined to do just that. Along the way, the organization has gotten a boost from Microsoft's MileIQ app.

MileIQ is a mobile app from Microsoft that automatically tracks the miles you've traveled and records all of your tax-deductible and reimbursable mileage. It's kind of like using a Fitbit, except you're tracking your driving. You can report your business drives on demand and claim your reimbursements or maximize your tax deductions. The average MileIQ user is logging $6,900 per year.

Building a More Energy-Efficient Community

EWA works to make energy efficiency more accessible to everyone. The organization works primarily with low-income families, tenants, and others who would otherwise be left out of the green energy revolution. EWA accomplishes its goals through both workshops and equipment upgrades at homes and businesses.

Its Energy Smart for Kids program teaches students throughout the state how to lead a more energy-efficient lifestyle. These hourlong sessions cover the pitfalls of nonrenewable energy and detail more sustainable alternatives. At the end of each session, EWA volunteers hand out energy-efficiency starter kits so students can apply what they learned at home.

Much like the rest of EWA's programs, Energy Smart for Kids serves underserved and underprivileged communities. In fact, many of the schools that EWA serves are Title 1 schools — schools whose students generally come from lower-income households.

Aside from schools, EWA also helps nonprofits become more sustainable.

Making Nonprofits Greener and More Cost-Efficient

Nonprofits can benefit from EWA's work by way of simple but effective power-saving retrofits. EWA also provides volunteer labor and donates the materials for the retrofits, which means added cost savings. And as we all know, cost-saving programs are like gold dust for nonprofits.

For example, volunteers from EWA revitalized the Victorian-era headquarters of the Alliance Française, a nonprofit dedicated to preserving Francophone heritage in the New Orleans community, with sustainable retrofits. As part of these upgrades, EWA sealed cracks, gaps, and openings; installed additional insulation; and programmed new thermostats.

In addition, EWA gave the Alliance Française's volunteers a hands-on demonstration of behavioral changes so that they could bring this knowledge back home. EWA anticipated that the Alliance Française would save a total of $2,000 to $3,000 as a result of these green improvements.

EWA's staff members also actively save money and operate more efficiently through the use of the mile-tracking app MileIQ.

Saving Time and Money with MileIQ

This method, as you can imagine, was time-consuming, and it brought with it the risk of human error. Most people can't possibly remember every single trip they make with their car, after all.

"MileIQ is super accurate and takes the forgetting out of the equation," said Jamie Wine, executive director of EWA.

For Kevin Kellup, education coordinator at EWA, MileIQ has been a game-changer. Jamie explained, "Kevin drives like crazy from school to school," racking up miles on his personal car. Now, thanks to MileIQ, Kevin can get more fairly and accurately reimbursed for his constant traveling.

The most important benefit of Microsoft's MileIQ for Jamie is that his staff can be correctly reimbursed for mileage. He wants to show staff members that he values their time and effort spent traveling, which MileIQ really helps him achieve.

For nonprofits, particularly small ones like EWA, it's always great when the team can receive fair compensation for its hard work. "The staff doesn't get paid much," Jamie said. And considering how important staff members' work is to the community, every penny matters. That's also where TechSoup comes in.

TechSoup's Role: "Essential"

Through TechSoup, eligible nonprofits can get MileIQ at 80 percent off the subscription rate. "Without TechSoup," Jamie noted, "this huge step up in technology" would not have been possible. The MileIQ discount program from Microsoft has made acquiring MileIQ way easier on the nonprofit's pocket.

Having also previously obtained Microsoft Office 365 and QuickBooks Online through TechSoup, Jamie said, "TechSoup is a great equalizer." He mentioned that TechSoup helps a small nonprofit to grow into a technologically advanced organization. He added, "The super discounted products from TechSoup are like the pot of gold at the end of the rainbow."

Getting MileIQ Premium

Eligible nonprofits can get MileIQ at 80 percent off the individual subscription rate through TechSoup and can request an unlimited number of individual subscriptions. In addition to individual subscriptions, MileIQ is now included with an Office 365 Business Premium license. Nonprofits who currently do not have an Office 365 license can visit Microsoft's Office 365 for nonprofits page to register.

This blog post was written by Nicholas Fuchs.




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5 Data Security Risks for Nonprofits (and How to Fix Them)

 

Many nonprofits handle sensitive personal information belonging to community members — whether it's names or email addresses or payment information. But are you handling this data properly to prevent a data breach?

This post is by no means exhaustive — after all, every nonprofit handles different sorts of data, and each organization has different security needs. That said, these are some practical things to think about when you review your handling of sensitive personal information.

#1 Risk: Malware and Software Vulnerabilities

The Problem

This one may seem obvious, but with so many other security risks out there, it's easy to forget that malware still poses a major threat to your organization's data.

How You Can Mitigate It

To start, make sure you have antivirus software installed, and that it's up to date. In addition, you'll want to make sure your operating system and any software installed are also up to date, with all security patches installed.

Beyond that, be careful what you click on. Don't download and install software from sites you don't trust. Be careful of the email attachments and links you click on — even from people you know. If you aren't expecting a file or link, click with caution.

#2 Risk: Ransomware

The Problem

Ransomware is an especially insidious form of malware that holds your computer or data hostage unless you pay a sum of money to a criminal actor. Oftentimes, ransomware will encrypt your data, preventing you from accessing it. And according to Symantec's Director of Security Response Kevin Haley, some forms of ransomware will threaten to publicly release your data.

How You Can Mitigate It

Aside from up-to-date antivirus software and taking steps to avoid infection in the first place, there isn't a ton you can do to deal with a ransomware attack once your data's been encrypted.

In that case, according to Haley, keeping up-to-date backups of your data is your best bet. That way, you'll be able to get back up and running quickly with minimal data loss. (TechSoup offers backup and recovery solutions from Veritas.)

#3 Risk: Public Wi-Fi

The Problem

Public Wi-Fi is generally fine for some things, such as browsing cat videos on YouTube, or catching up on the headlines. However, for anything involving sensitive personal information, it's a security disaster waiting to happen. Bad actors could potentially eavesdrop on what you're doing while using public Wi-Fi, leaving your data and work open to prying eyes.

How You Can Mitigate It

First off, avoid using public, unsecured Wi-Fi when handling sensitive information — whether it's internal organizational data or your own personal banking information. Using a wireless hotspot, like those from Mobile Beacon (offered through TechSoup), instead of public Wi-Fi is an easy way to keep your data more secure.

If you can't avoid public Wi-Fi, a virtual private network (VPN) is a good option — VPNs secure data between your computer and the website you're visiting. Not all VPNs provide the same level of security, though, and you'll need to make sure your VPN of choice conforms to any data security regulations that your organization may be subject to. See our previous overview of VPNs for more.

#4 Risk: Inappropriate Sharing of Sensitive Information

The Problem

Sharing sensitive information via email, messaging apps, or similar means is a risky proposition.

Email is a notoriously insecure method of communication. Email accounts are often the target of data breaches and phishing attacks. (A phishing attack is where an attacker tries to steal your account information by tricking you to enter your account information on a phony login page.)

And whether it's through email or messaging app, it's all too easy to accidentally leak data by sharing it with the wrong person.

How You Can Mitigate It

Avoid sending sensitive information to colleagues via email. It's easier said than done, we know. Maybe you need to share a list of donor contact information with your marketing department, for example. Consider uploading it to a secure file server on your network that can only be accessed by others in the office.

If your organization uses a cloud storage service like Box, consider using that instead — so long as it meets your organization's security needs. These cloud storage services usually encrypt data you upload to prevent it from getting stolen. You may also want to consider using constituent relationship management (CRM) software, a tool designed specifically to store and manage your organization's contacts.

In addition, pay attention to access permissions. If you can, restrict access to sensitive information to only those who need it. Revisit your permissions settings regularly and update them as needed.

To prevent your user accounts from being compromised in the first place, practice good account security hygiene. Use strong passwords and require your staff to use two-factor authentication.

#5 Risk: Handling Credit Card Data

The Problem

A breach involving credit card data can be embarrassing for your organization, but it could wreak financial havoc on your members and supporters. All it takes is for hackers to grab a few pieces of information to rack up credit card debt in your supporters' names.

How You Can Mitigate It

Securing credit card information is important, but you don't have to make it up as you go. Make sure your organization conforms to payment card security standards. The Payment Card Industry Security Standards Council, as well as banks and credit card issuers, provide guidelines on how to best handle credit card information to prevent breaches.

Has your nonprofit recently encountered any other notable risks? Tell us about it in the comments!




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Non-profit urges UK government to make workforce diversity a priority in clean energy

A new paper is being launched today at the House of Lords in London that challenges government, regulators and companies working on clean energy to make gender diversity a key priority. The paper has been produced by the EWiRE network, set up by Regen to provide a vibrant network for women working in clean energy.




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Chile Gets Cleaner at a Profit with Renewable Energy Push

Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities.