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With an ESOP, many winners in sale of a business

Former owner Jim Dow, who retired as CEO at 81, said he did the right thing in selling Diversified Plastics to its 80 employees. For many business owners, a succession plan is about more than creating an exit strategy or profiting from the sale of the company. It’s about preserving a legacy in a way

How The United States Has Criminalized Poverty And How To Change That Now

Over the past several weeks and months, I’ve been thinking and talking a lot about the intersection of social justice issues and financial issues. They go hand in hand. One always influences the other. And that’s because without access to money and other resources, there aren’t many options. That applies whether you’re talking about housing,

Many around the world were pessimistic about inequality even before pandemic

The coronavirus outbreak stopped much of the world in its tracks in early 2020 and continues to cast doubt on the well-being of households and communities around the globe. But even before the pandemic, many people around the world felt pessimistic about income inequality, governance and job opportunities, according to a survey conducted by Pew Research Center

Rethinking Sustainability In The Middle Of A Pandemic

2020 is making us rethink our lives, per the pandemic and other worldwide events, which is why sustainability is fast becoming the new business reality.   Some people would call 2020 “biblical.” Fires raged across Australia for almost 80 days; a locust plague has ravaged East Africa; the Covid-19 pandemic has dramatically changed our way of

Avion Solutions Announces Transition to 100% ESOP

Avion Solutions, Inc. is proud to announce it is now a 100% employee-owned company. This announcement of the sale to the Employee Stock Ownership Plan (ESOP) was made on July 31, 2020 to employee owners. "Since we became an ESOP company in 2007 our goal has always been to be a 100% employee-owned ESOP," said Chad Donald, President

What’s Behind the Rising Inequality of Everything?

However you parse the data, capitalism increasingly appears to disproportionately benefit the very top performers. Jeff Bezos, the CEO of the company millions depended on for deliveries during coronavirus lockdown, is reportedly set to become the world’s first trillionaire. As forecast by business platform Comparisun, his unique status isn’t due to the current crisis. It is based on

The Basic Facts About Women in Poverty

In the United States, more women than men live in poverty. According to U.S. Census Bureau data, of the 38.1 million people living in poverty in 2019, 56 percent—or 21.4 million—were women.1 The coronavirus pandemic has put individuals and families at an increased risk of falling into poverty in the United States, as they face greater

Growing Wage Inequality Is Caused by Growing Skill Inequality

In recent years, the gap between the highest and lowest income brackets has become an area of growing concern for economists and policymakers, not to mention the low-wage workers who have been left behind. In late 2013, President Obama said that inequality was the defining issue of our time. Growing inequality, however, is neither a new phenomenon

Life and Death in Our Hot Future Will Be Shaped by Today’s Income Inequality

It’s one of the scariest questions facing billions of humans on a hotter planet: How many of us will die from extreme heat in the decades ahead? Your future risk of dying from heat will be determined more than anything else by where you live and the local consequences of today’s economic inequality. That’s the

Do some people have protection against the coronavirus?

We're now more than seven months into the coronavirus pandemic that has upended the lives of most of Earth's inhabitants. And while it is true that the scientific community has learned many things about the SARS-CoV-2 virus and the disease it causes, Covid-19, there are also many gaps in our understanding. One big mystery: Why

Climate change and COVID-19: The denial playbook is the same

The phrase "every disaster movie begins with a scientist being ignored" resonates more than ever as two disasters unfold: the COVID-19 pandemic and climate change. One is occurring with horrifying rapidity and one more slowly; both would be far less damaging if scientific advice were heeded earlier. In the United States, the Trump administration has responded to the COVID-19 crisis using

How U.S. Poverty Could Spike in the Last Half of the Year

Millions more Americans will be thrown into poverty if Congress fails to enact three policies meant to help families get through economic hardships related to the pandemic, according to a new study by the Urban Institute. The report finds that the poverty rate for the last five months of 2020 will rise to 11.9% if expanded unemployment-insurance benefits,

The great reset must place social justice at its centre

Wealth needs to be more broadly redistributed. Governments will need to intervene more to ensure better and fairer outcomes from private sector investments. New institutions need to incorporate profound reforms to ensure better racial integration. Capitalism as we know it needs to be reformed. The growing discontent at the ideology that has created so much

The case for investing in companies with Employee Stock Purchase Plans

Employee Stock Purchase Plans (ESPPs) provide significant opportunities for America’s working class to build wealth. These plans are purpose-built to help employees achieve greater financial security through company stock ownership. They were created in 1964—fourteen years before the creation of 401(k) plans—as a method to make stock ownership more accessible, yet today they remain heavily underutilized.

New Research Shows Covid-19’s Impact On Gender Inequality And Mothers’ Mental Health

As the epicenter of Covid-19 continues to drift around the globe, leaving death and depression in its wake, it’s become increasingly difficult for even the most naive to defend a whimsical assertion favored by the privileged in the early days of the pandemic. Coronavirus is not a great leveller. It never was. Data made available to The

85% Of Americans Are Thinking About Sustainability As Much As Or More Than Ever

Most of us want the government and brands to prioritize sustainability even while facing other issues. When the coronavirus shutdown hit California, San Diego-based clean manufacturing firm Genomatica sent its desk workers home to work remotely, which gave more room to its lab workers to maintain physical distance from one another. As the weeks went on, Genomatica’s co-founder and

Pandemic underscores inequality

Analysts and investors like to use letters to describe the condition of the U.S. economy and markets. V-Shaped, which is a sudden drop followed by a surge; W, the ultimate fake out, where output sinks, rises and then falls again; U, where after a sudden shock, the economy meanders and then starts to rise; and

Sustainability Reporting by the Largest U.S. Companies Hits New Highs

Amid growing pressure from investors, America’s largest corporations are embracing sustainability reporting. Nine in ten companies on the S&P 500 index, one bellwether of U.S. stock market performance, published sustainability, corporate responsibility or citizenship reports in 2019. That’s up from only 20 percent in 2011 and 86 percent in 2019, according to Governance & Accountability (G&A) Institute findings released

A cap on income might seem radical — but it was once a mainstream idea in American politics

Five months after the attack on Pearl Harbor, President Franklin Roosevelt delivered a radio address that has unfortunately faded into obscurity. Embedded within that 1942 speech, Roosevelt laid the ideological foundations for establishing a cap on the annual income that the wealthiest Americans should be allowed to earn, and which structurally comes at the expense of everyone

The stark reality of health and wealth racial inequality in the US

Economic inequality in America makes for stark reading with white families having a net worth ten times more than the average Black family. These are the findings of the latest Top of the Mind report by Goldman Sachs (GS) which addresses Investing in Racial Economic Equality. The wealth gap is being driven by the ability