Big finance is strangling innovation

The commercial banking system was well regulated, and household savings could be channeled to businesses at fairly good rates of return. Financial institutions were relatively stable and they could help industry to produce technological advances and economic development. Up until the 1960s, most Americans understood and accepted the importance of the federal government in helping to jumpstart innovation through things like defense and aerospace spending. Some of that money got channeled through universities, and some of it was directed to large corporations, which, like GE, could bring good things to life. But in recent decades, several monkey wrenches got thrown into this system, starting in the 1960s with the trend of conglomeration, in which corporate titans built empires that gobbled up scores and even hundreds of companies.

How Finance Fueled Students’ And Nonprofit’s Future

This experience was invaluable as it provided us with broader exposure to the entire investment process by evaluating a potential borrowers financial strength and, more importantly, its social impact. We interviewed the borrowers CFO and presented our findings to RSFs credit committee for final approval. With this experience under our belts and with the knowledge that there are innumerable nonprofits that could benefit from impact investments, we devised sofiwire.com , a database for social enterprises to search for funding given their individual characteristics. Student interest isnt the only expanding aspect of impact investment. Financial firms including Goldman Sachs are turning to impact investing as another profitable revenue source that may do even more for their reputation than for their bottom line.

Finance minister directs Gulf aid to foreign reserves and state budget

The release cited continued sectarian violence triggered by heightened political uncertainty amid the recent regime change a credit negative. Moodys also pointed out that countrys weak economic growth and fiscal position, and its elevated unemployment and inflation rates remain alarming. Egypts annual inflation jumped significantly to 9.8% in June compared to 8.2% in May and 8.1% in April, raising consumer prices to 0.9%, the Central Agency for Public Mobilisation and Statistics reported. This months inflation level is the highest since 2011, when levels registered 10.4% in July. In March, Moodys cut Egypts credit rating by one level from B3 to Caa1, which it said meant it now sees nearly a 10% chance of Egypt defaulting on its debt over the next year and slightly less than a 40% chance of a default within five years.

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