local Local Muslim community to break fast during Ramadan with virtual iftar Saturday By www.chicagotribune.com Published On :: Fri, 08 May 2020 17:43:42 +0000 Ahmadiyya Muslim Community USA invites Americans across the country to unite together in interfaith virtual iftar celebrations during the pandemic. Full Article
local Achat local: pleins feux sur le cidre By www.journaldemontreal.com Published On :: Sat, 09 May 2020 04:00:00 EDT L’entreprise Vignoble et Cidrerie Coteau Rougemont a implanté un système de livraison dès la deuxième semaine du confinement. Full Article
local Achat local et tendances alimentaires By www.journaldemontreal.com Published On :: Sat, 18 Apr 2020 00:00:00 EDT Cette semaine, on découvre les produits du Québec qui s’inscrivent dans les tendances alimentaires de l’année. Full Article
local Three Teamsters Local 743 Workers in Chicago Convicted of Labor Fraud and Theft of Union Ballots in Bid to Rig Contested 2004 Elections By www.justice.gov Published On :: Fri, 1 May 2009 17:36:38 EDT A former officer and two employees of Teamsters Local 743 (Local 743) were convicted today in federal court in Chicago of federal labor fraud and theft charges in connection with stealing union ballots in an effort to rig two elections in favor of an incumbent slate of officers in 2004. A federal jury returned guilty verdicts today, after deliberating since April 29, 2009, against the three defendants whose trial began on April 6, 2009. Full Article OPA Press Releases
local Associate Attorney General Tom Perrelli Before the United States Senate Committee on the Judiciary in a Hearing Entitled “Helping State and Local Law Enforcement” By www.justice.gov Published On :: Tue, 12 May 2009 11:17:18 EDT "If our partnership with state, local and tribal law enforcement is to endure, federal financial support cannot be a one time occurrence. This country is facing prolonged problems that require steadfast commitment and long-term cooperation." Full Article Testimony
local Harris County, Texas, Commissioner and Local Real Estate Developer Indicted for Alleged Bribery Conspiracy By www.justice.gov Published On :: Tue, 21 Dec 2010 16:45:48 EST A Harris County, Texas, commissioner and a Houston-based real estate developer have been charged with bribery conspiracy in an indictment returned yesterday by a federal grand jury in the Southern District of Texas. Full Article OPA Press Releases
local Justice Department Files Lawsuit Against the Twin Cities of Colorado City, Arizona, and Hildale, Utah, and Local Utility Companies Alleging Religious Discrimination By www.justice.gov Published On :: Thu, 21 Jun 2012 17:07:13 EDT The Justice Department filed a lawsuit today against the town of Colorado City, Ariz.; the city of Hildale, Utah; Twin City Water Authority; and Twin City Power alleging a pattern or practice of police misconduct and violations of federal civil rights laws. Full Article OPA Press Releases
local US and Local Governments Achieve $50 Million Settlement to Address Contamination at Superfund Site in Rialto, Calif. By www.justice.gov Published On :: Wed, 5 Dec 2012 12:26:08 EST The United States has entered into two settlements worth more than $50 million to clean up contamination from the B.F. Goodrich Superfund Site in San Bernardino County, Calif. Full Article OPA Press Releases
local Georgia Men Plead Guilty to Receiving Bribes in Transportation Scheme at Local Military Base By www.justice.gov Published On :: Wed, 8 May 2013 12:52:09 EDT Two former employees at the Marine Corps Logistics Base Albany (MCLB-Albany) have pleaded guilty to receiving bribes related to a scheme to funnel freight hauling business to a local transportation company resulting in the loss of millions of dollars to the United States government. Full Article OPA Press Releases
local Former Owner of Liquor Store Pleads Guilty to Tax Crime and Selling Cutting Agents to Local Drug Dealers By www.justice.gov Published On :: Tue, 13 Aug 2013 18:18:36 EDT Southfield, Mich., resident Bashar Saroki pleaded guilty to filing a false tax return and selling drug paraphernalia, the Justice Department and the Internal Revenue Service (IRS) announced today. Full Article OPA Press Releases
local Three Georgia Men Charged in Alleged Widespread Corruption Schemes at Local Military Base By www.justice.gov Published On :: Wed, 22 Jan 2014 15:34:55 EST Three Georgia men have been charged in a 51-count indictment for their alleged participation in fraud and corruption schemes at the Marine Corps Logistics Base (MCLB) in Albany, Ga., resulting in the loss of millions of dollars to the United States government. Full Article OPA Press Releases
local Puerto Rico Superior Court Judge and Local Businessman Indicted on Conspiracy and Federal Programs Bribery Charges By www.justice.gov Published On :: Thu, 29 May 2014 11:54:32 EDT A current Puerto Rico Superior Court Judge and Puerto Rico businessman were charged with orchestrating a criminal scheme in which the businessman paid bribes to the judge presiding over the criminal case against the businessman according to an indictment unsealed today. Full Article OPA Press Releases
local ProPublica and Local Reporting Partner Anchorage Daily News Win Pulitzer Prizes for National Reporting and Public Service By tracking.feedpress.it Published On :: 2020-05-04T15:18:00-04:00 by ProPublica ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. The Pulitzer Board announced Monday that two series published by ProPublica were awarded Pulitzer Prizes. “Lawless,” a ProPublica Local Reporting Network project by the Anchorage Daily News that revealed how indigenous people in Alaska are denied public safety services, was awarded the prize for public service. “Disaster in the Pacific,” an investigation on the staggering leadership failures that led to deadly accidents in the Navy and Marines, won a national reporting prize. The two designations are ProPublica’s 6th Pulitzer win in 12 years and the first Pulitzer awarded to a Local Reporting Network partner. Led by Daily News reporter Kyle Hopkins, “Lawless” was the first comprehensive investigation to lay bare Alaska’s failing, two-tiered justice system in which Native villages are denied access to first responders. In much of rural Alaska, villages can only be reached by plane, and calling 911 to report an emergency often means waiting hours or days for help to arrive. The series evolved from a string of stories that Hopkins reported in 2018 for the Daily News, recounting horrific incidents of sexual assault in Alaska — which has the nation’s highest rate of sexual violence — and policing failures that have allowed offenders to continue the abuse with impunity. To fully investigate issues of lawlessness and sexual assault in the most remote communities in the U.S., the Daily News applied to participate in ProPublica’s Local Reporting Network. The program partners with newsrooms across the country, paying the salary and a stipend for benefits for local reporters who spend a year tackling big investigative stories that are crucial to their communities. Participating reporters work with a ProPublica senior editor and receive support, including from ProPublica’s data, research and engagement teams. The collaboration’s first story, based on more than 750 public records requests and interviews, found that one in three rural Alaska communities has no local law enforcement of any kind. These indigenous communities are also among the country’s most vulnerable, with the highest rates of sexual assault, suicide and domestic violence. The series’ second major installment found that dozens of Alaska communities, desperate for police of any kind, hired officers convicted of felonies, domestic violence, assault and other offenses that would make them ineligible to work in law enforcement or even as security guards anywhere else in the country. Next, Hopkins revealed how the state’s 40-year-old Village Public Safety Officer Program, designed to recruit villagers to work as life-saving first responders, has failed by every measure. Alaska had quietly denied funding for basic recruitment and equipment costs for these unarmed village officers while publicly claiming to prioritize public safety spending. “Lawless” also exposed how the Alaska State Troopers agency, created to protect Alaska Native villages, instead patrols mostly white suburbs surrounding cities on the road system like Wasilla. The series ended with a list of six practical solutions to Alaska’s law enforcement crisis, based on interviews with experts, village leaders, the Alaska congressional delegation and sexual assault survivors. The Daily News and ProPublica faced a number of challenges in reporting the series. The first: No one knew which remote Alaska villages had police officers of any kind. So they built the first-ever statewide policing database by drawing on payroll, arrest and hiring records from communities spread across the state. They also contacted every village city government, sovereign tribal administrator and Alaska Native corporation in the state — more than 600 organizations. The vastness of the state and the fact that 80% of communities aren’t on the road system posed another challenge. Journalists flew hundreds of miles, sleeping on the floors of schoolhouse libraries and riding in sleds and on snowmobiles. To aid the reporting, they also held a community meeting in Kotzebue, Alaska, where a 10-year-old girl had been raped and murdered in 2018, providing residents, advocates, tribal leaders and law enforcement their first chance for a public discussion on sexual violence. Throughout the year the reporters spoke to more than 300 people across the state. Following publication of the first major story, U.S. Attorney General William Barr visited the state and declared the lack of law enforcement in rural Alaska to be a federal emergency. The declaration led the Department of Justice to promise more than $52 million in federal funding for public safety in Alaska villages. The U.S. Attorney’s Office in Anchorage announced the hiring of additional rural prosecutors, while Gov. Mike Dunleavy said the state will post 15 additional state troopers in rural Alaska. In addition, the Alaska Police Standards Council has proposed changing state regulations that govern the hiring and screening of village police officers, and Alaska legislators proposed legislation that would increase pay for VPSOs and overhaul funding of the program. The Daily News’ Loren Holmes, Bill Roth, Marc Lester, David Hulen, Anne Raup, Vicky Ho, Alex Demarban, Jeff Parrott, Michelle Theriault Boots, Tess Williams, Tegan Hanlon, Zaz Hollander, Annie Zak, Shady Grove Oliver and Kevin Powell, as well as ProPublica’s Charles Ornstein, Adriana Gallardo, Alex Mierjeski, Beena Raghavendran, Nadia Sussman, Lylla Younes, Agnel Philip, Setareh Baig and David Sleight also contributed to the series. “The ProPublica Local Reporting Network was started to give local newsrooms across America the resources and support they need to execute investigative journalism that digs deep and holds power to account,” Ornstein, a ProPublica deputy managing editor, said. “This powerful collaboration with the Anchorage Daily News investigation does exactly that, going far beyond reporting on isolated incidents to provide meticulous research and context on how the justice system has failed Alaska’s most remote and vulnerable communities. Most importantly, it has been a force for real change.” In their “Disaster in the Pacific” series, ProPublica reporters T. Christian Miller, Megan Rose and Robert Faturechi centered on three deadly accidents in the Navy and Marines in 2017 and 2018. They exposed America’s vaunted 7th Fleet as being in crisis with broken ships and planes, poor training for and multiple warnings ignored by its commanders. The costs: 17 dead sailors in crashes involving Navy warships, and six Marines killed in a training accident. The back-to-back accidents in 2017 and 2018 gained initial attention from Congress and the national media, but they had been told an incomplete, misleading and dangerous story of half-truths and cover-ups. ProPublica’s series provided the first full accounting of culpability, tracing responsibility to the highest uniformed and civilian ranks of the Navy. The reporting team spent 18 months on the investigation, obtaining more than 13,000 pages of confidential Navy records and interviewing hundreds of officials up and down the chain-of-command. The first article in the series, “Fight the Ship,” reconstructed a 2017 crash involving the USS Fitzgerald, one of the deadliest accidents in the history of the Navy. The story showed that the accident was entirely preventable, and that the Navy’s senior leadership had endangered the warship by sending a shorthanded and undertrained crew to sea with outdated and poorly maintained equipment. To show readers what happened, ProPublica hired designer Xaquín G.V. Working with investigations producer Lucas Waldron, Xaquín used geodata on the ships’ locations, mapped the path of each vessel and created a graphic that simulated the crash, down to the moment the Fitzgerald was sent spinning out of control, rotating 360 degrees. The team also collected radar images, ship blueprints, hand-drawn images made by surviving sailors and video taken inside the ship, which allowed them to portray the disaster from the perspective of the sailors onboard. A second story, “Years of Warnings, Then Death and Disaster,” detailed how the fatal crash of the USS Fitzgerald, and of the USS McCain weeks later, were the result of a congressional gutting of the Navy and the Navy’s prioritization of building new ships. Top Navy officials gave urgent, repeated warnings to Navy Secretary Ray Mabus about the deadly risks facing its fleet, including being short of sailors, sailors poorly trained and worked to exhaustion, warships physically coming apart, and ships routinely failing tests to see if they were prepared to handle warfighting duties. They were ignored, told to be quiet or even ordered to resign. Another story captured the Marine Corps multiple failures that were responsible for the deaths of six men in a nighttime training exercise 15,000 feet above the Pacific — an accident that senior leaders had been warned was possible, even likely. ProPublica created an animated short documentary, using a combination of an on-camera interview, 3D animation, 2D illustration and atmospheric footage to bring the excruciating hours of a needless tragedy to light. Through extensive interviews with eyewitnesses, the team reconstructed the moments leading up to the crash, the crash itself and the botched search and rescue effort. The series also illuminated how the Navy’s reckless management of the 7th Fleet was measured not only in fatalities, but also in the hurt and shame of the rank-and-file sailors whom the Navy blamed and prosecuted for the accidents. The Navy’s prosecution of Navy Cmdr. Bryce Benson for what were clearly systemic shortcomings, traceable all the way to the Pentagon, left many of its own furious and demoralized. Weeks after the first story’s publication, the House Armed Services Committee convened a panel to challenge senior Navy leaders over their claims that they had been fully truthful about its failings and its efforts at reform. The reporting forced the Navy to admit to Congress that its claims about its rate of progress on reform were misleading. In light of ProPublica’s reporting on the improper role that the Navy’s top commander played in the prosecution of Benson, one of captains on the USS Fitzgerald, the Navy dropped all criminal charges. U.S. and NATO Navy commands throughout the world have ordered sailors and officers to read the ProPublica accounts as part of training and education. Joseph Sexton, Tracy Weber, Agnes Chang, Katie Campbell, Joe Singer, Kengo Tsutsumi, Ruth Baron, David Sleight, Sisi Wei, Claire Perlman, Joshua Hunt and Nate Schweber also contributed to this series. “The Navy actively blocked reporting at every step, with communications officers attempting to dissuade officials from conducting interviews with ProPublica and leaking positive stories to competing media outlets in an attempt to front-run our stories,” ProPublica Managing Editor Robin Fields said. “The military even threatened that we could be criminally prosecuted for publishing the material we obtained. This tour de force of investigative journalism is a testament to the unflinching tenacity of the reporters and the innovation of ProPublica’s data, graphics, research and design teams. Their essential work laid bare the avoidance of responsibility by the military’s most senior leaders.” Full Article
local Riverside County officials vote to rescind all local coronavirus public health orders By www.latimes.com Published On :: Sat, 9 May 2020 01:15:35 -0400 After nearly seven hours of debate, Riverside County officials voted unanimously late Friday to rescind all of the county's stay-at-home orders that go beyond the governor's restrictions. Full Article
local Coal-fired power plant closures and retrofits reduce asthma morbidity in the local population By feeds.nature.com Published On :: 2020-05-01 Full Article
local Pac1/LIS1 stabilizes an uninhibited conformation of dynein to coordinate its localization and activity By feeds.nature.com Published On :: 2020-04-27 Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local The Political Power of Proxies: Why Nonstate Actors Use Local Surrogates By feedproxy.google.com Published On :: Apr 10, 2020 Apr 10, 2020Unlike state sponsors, which value proxies primarily for their military utility, nonstate sponsors use proxies mainly for their perceived political value. An analysis of three case studies—al-Qaida in the Arabian Peninsula, the People’s Protection Units in Syria, and Hezbollah in Lebanon—illustrates this argument. Full Article
local The Political Power of Proxies: Why Nonstate Actors Use Local Surrogates By feedproxy.google.com Published On :: Apr 10, 2020 Apr 10, 2020Unlike state sponsors, which value proxies primarily for their military utility, nonstate sponsors use proxies mainly for their perceived political value. An analysis of three case studies—al-Qaida in the Arabian Peninsula, the People’s Protection Units in Syria, and Hezbollah in Lebanon—illustrates this argument. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Designing Thoughtful Minimum Wage Policy at the State and Local Levels By webfeeds.brookings.edu Published On :: Thu, 19 Jun 2014 00:00:00 -0400 Rising wage inequality and stagnant real wages have contributed to inequality in family incomes during the past three decades. While the expansion of the Earned Income Tax Credit (EITC) and the Supplemental Nutrition Assistance Program (SNAP) have helped mitigate the impact on low-income families (Bitler and Hoynes 2010), federal minimum wage policy has not contributed to the solution. The federal minimum wage has failed to keep pace with both the cost of living and the median wage in the labor market. As a consequence, working full-time at the minimum wage does not allow many families to escape poverty, or to attain economic self-sufficiency. State and local governments can set minimum wages in excess of the statutory federal minimum wage. Indeed, state and local governments have played an important role in establishing minimum wages across the country; as a result, thirty-seven states had state minimum wages exceeding the federal level in 2007 prior to the most recent federal increase. Cities, too, have begun setting higher minimum wages, as evidenced by city-level wage minimums in Albuquerque, San Francisco, San Jose, Santa Fe, Seattle, and Washington, DC; other cities are actively exploring possibilities of raising minimum wages. In this policy memo, I propose a framework for effective state and local minimum wage policy. First, I propose using half the local-area median wage as an important gauge for setting an appropriate level of the minimum wage. Second, I propose that state and local governments take into account the local cost of living as a relevant consideration in setting a minimum wage, and I provide estimates of how state minimum wages would vary if they reflected cost-of-living differences. I also recommend the use of regional consumer price indexes (CPIs) to index the local minimum wage. Finally, I propose that cities and counties coordinate regional wage setting to mitigate possible negative effects of local mandates. The implementation of the state and local framework does not override the need for reform at the federal level. Thoughtful reforms to the federal minimum wage can help reduce poverty and mitigate inequality. The federal minimum wage has been the focus of substantial debate by academics and policymakers; this proposal focuses on state and local reforms that have received substantially less attention. These state and local reforms can be an important part of the policy portfolio for reducing the incidence of poverty and for helping low-income families support themselves as they strive toward the middle class. In particular, although the federal minimum wage serves as a floor in the labor market, there is some room for additional increases in higher-wage areas. Downloads Designing Thoughtful Minimum Wage Policy at the State and Local Levels - Full Text Authors Arindrajit Dube Publication: The Hamilton Project Image Source: Hero Images Full Article
local The Political Power of Proxies: Why Nonstate Actors Use Local Surrogates By feedproxy.google.com Published On :: Apr 10, 2020 Apr 10, 2020Unlike state sponsors, which value proxies primarily for their military utility, nonstate sponsors use proxies mainly for their perceived political value. An analysis of three case studies—al-Qaida in the Arabian Peninsula, the People’s Protection Units in Syria, and Hezbollah in Lebanon—illustrates this argument. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local The Political Power of Proxies: Why Nonstate Actors Use Local Surrogates By feedproxy.google.com Published On :: Apr 10, 2020 Apr 10, 2020Unlike state sponsors, which value proxies primarily for their military utility, nonstate sponsors use proxies mainly for their perceived political value. An analysis of three case studies—al-Qaida in the Arabian Peninsula, the People’s Protection Units in Syria, and Hezbollah in Lebanon—illustrates this argument. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By www.belfercenter.org Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Global Problem, Local Solutions By feedproxy.google.com Published On :: Apr 21, 2020 Apr 21, 2020The Arctic Initiative is pairing policy and science scholars with local experts to find practical climate solutions. Full Article
local Why local governments should prepare for the fiscal effects of a dwindling coal industry By webfeeds.brookings.edu Published On :: Thu, 05 Sep 2019 15:36:41 +0000 Full Article
local WEBINAR – Are state and local governments prepared for the next recession? By webfeeds.brookings.edu Published On :: Thu, 07 Nov 2019 18:26:28 +0000 During the Great Recession, cities and states saw revenue declines and expenditure increases. This led to record levels of fiscal stress resulting in service cuts, deferred maintenance of infrastructure, and reduced payments to pensions and other liabilities. This webinar will focus on how state and local governments can adopt best practices and strategies now in… Full Article
local How will the coronavirus affect state and local government budgets? By webfeeds.brookings.edu Published On :: Mon, 23 Mar 2020 18:45:40 +0000 State and local governments are on the frontlines of this crisis. That means increased spending on public health and Medicaid. As of March 26th, 14 states have enacted supplemental appropriations or transferred general revenue funds in order to help public health agencies deal with the virus, and many others are in the process of doing so. Others will… Full Article
local From rural digital divides to local solutions By webfeeds.brookings.edu Published On :: Thu, 02 Apr 2020 13:05:18 +0000 From Rural Digital Divides to Local Solutions By Nicol Turner-Lee Photography by Mark Williams-Hoelscher The road to Garrett County, Maryland Thick snow flurries fell on the night that my colleague Mark Hoelscher, then Brookings’s resident photographer, and I left Washington, D.C., driving northwest on Interstate 270 toward Garrett County, Maryland. The trip, which is normally… Full Article
local The market makers: Local innovation and federal evolution for impact investing By webfeeds.brookings.edu Published On :: Thu, 28 Apr 2016 15:30:00 -0400 Announcements of new federal regulations on the use of program-related investments (PRIs) and the launch of a groundbreaking fund in Chicago are the latest signals that impact investing, once a marginal philanthropic and policy tool, is moving into the mainstream. They are also illustrative of two important and complementary paths to institutional change: fast-moving, collaborative local leadership creating innovative new instruments to meet funding demands; federal regulators updating policy to pave the way for change at scale. Impact investing, referring to “investment strategies that generate financial returns while intentionally improving social and environmental conditions,” provides an important tier of higher-risk capital to fund socially beneficial projects with revenue-generating potential: affordable housing, early childhood and workforce development programs, and social enterprises. It is estimated that there are over $60 billion of impact investments globally and interest is growing—an annual JP Morgan study of impact investors from 2015 reports that the number of impact investing deals increased 13 percent between 2013 and 2014 following a 20 percent increase in the previous year. Traditionally, foundations have split their impact investments into two pots, one for mission-related investments, designed to generate market-rate returns and maintain and grow the value of the endowment, and the other for program-related investments. PRIs can include loans, guarantees, or equity investments that advance a charitable purpose without expectation of market returns. PRIs are an attractive use of a foundation’s endowment as they allow foundations to recycle their limited grant funds and they count towards a foundation’s charitable distribution requirement of 5 percent of assets. However they have been underutilized to date due to perceived hurdles around their use–in fact among the thousands of foundations in the United States, currently only a few hundred make PRIs. But this is changing, spurred on by both entrepreneurial local action and federal leadership. On April 21, the White House announced that the U.S. Department of the Treasury and Internal Revenue Service had finalized regulations that are expected to make it easier for private foundations to put their assets to work in innovative ways. While there is still room for improvement, by clarifying rules and signaling mainstream acceptance of impact investing practices these changes should lower the barriers to entry for some institutional investors. This federal leadership is welcome, but is not by itself enough to meet the growing demand for capital investment in the civic sector. Local innovation, spurred by new philanthropic collaborations, can be transformative. On April 25 in Chicago, the Chicago Community Trust, the Calvert Foundation, and the John D. and Catherine T. MacArthur Foundation launched Benefit Chicago, a $100 million impact investment fund that aims to catalyze a new market by making it easier for individuals and institutions to put their dollars to work locally and help meet the estimated $100-400 million capital needs of the civic sector over the next five years. A Next Street report found that the potential supply of patient capital from foundations and investors in the Chicago region was more than enough to meet the demand – if there were ways to more easily connect the two. Benefit Chicago addresses this market gap by making it possible for individuals to invest directly through a brokerage or a donor-advised fund and for the many foundations without dedicated impact investing programs to put their endowments to work at scale. All of the transactional details of deal flow, underwriting, and evaluation of results are handled by the intermediary, which should lead to greater efficiency and a significant increase in the size of the impact investing market in Chicago. In the last few years, a new form of impact investing has made measurement of social return to investments even more concrete. Social impact bonds (SIBs), also known as pay for success (PFS) financing, are a way for private investors (including foundations) to provide capital to support social services with the promise of a return on their investment from a government agency if some agreed-upon social outcomes are achieved. These PFS transactions range from funding to support high-quality early childhood education programs in Chicago to reduction in chronic individual homelessness in the state of Massachusetts. Both the IRS and the Chicago announcements are bound to contribute to the growth of the impact bond market which to date represents a small segment of the impact investing market. These examples illustrate a rare and wonderful convergence of leadership at the federal and local levels around an idea that makes sense. Beyond simply broadening the number of ways that foundations can deploy funds, growing the pool of impact investments can have a powerful market-making effect. Impact investments unlock other tiers of capital, reducing risk for private investors and making possible new types of deals with longer time horizons and lower expected market return. In the near future, these federal and local moves together might radically change the philanthropic landscape. If every major city had a fund like Benefit Chicago, and all local investors had a simple on-ramp to impact investing, the pool of capital to help local organizations meet local needs could grow exponentially. This in turn could considerably improve funding for programs—like access to quality social services and affordable housing—that show impact over the long term. Impact investing can be a bright spot in an otherwise somber fiscal environment if localities keep innovating and higher levels of government evolve to support, incentivize, and smooth its growth. These announcements from Washington and Chicago are examples of the multilevel leadership and creative institutional change we need to ensure that we tap every source of philanthropic capital, to feel some abundance in an era where scarcity is the dominant narrative. Editor's Note: Alaina Harkness is a fellow at Brookings while on leave from the John D. and Catherine T. MacArthur Foundation, which is a donor to the Brookings Institution. The findings, interpretations and conclusions posted in this piece are solely those of the authors and not determined by any donation. Authors Alaina J. HarknessEmily Gustafsson-Wright Image Source: © Jeff Haynes / Reuters Full Article
local From rural digital divides to local solutions By webfeeds.brookings.edu Published On :: Thu, 02 Apr 2020 13:05:18 +0000 From Rural Digital Divides to Local Solutions By Nicol Turner-Lee Photography by Mark Williams-Hoelscher The road to Garrett County, Maryland Thick snow flurries fell on the night that my colleague Mark Hoelscher, then Brookings’s resident photographer, and I left Washington, D.C., driving northwest on Interstate 270 toward Garrett County, Maryland. The trip, which is normally… Full Article
local The new localism: How cities and metropolitan areas triumph in the age of Trump By webfeeds.brookings.edu Published On :: Wed, 18 Jan 2017 15:00:11 +0000 Several years ago, Jennifer Bradley and I co-authored a book entitled "The Metropolitan Revolution". The thesis was simple and straightforward. In the aftermath of the Great Recession, U.S. cities, counties, and metros had recognized that with our federal government mired in partisan gridlock and most states adrift, they were essentially on their own to grapple… Full Article