A business or enterprise is an entity designed to address a certain pain point, fill some gap or solve a problem. Well, today the biggest problems we are facing are those being addressed in the Sustainable Development Goals ( SDGs ), designed to help end poverty and protect the environment, set by the United Nations in 2015 to be met by 2030. It has long been believed that sustainability goals are for not-for-profit organizations. For-profit Social enterprises are changing this mindset through their work. They are showing their counterparts and their customers that sustainability can reap profits while taking care of the planet and people. Building businesses that solve problems that truly matter To reach the SDGs we need to create global solutions that are highly scalable. How does one create a highly scalable solution? In the same way any business grows – profits. It is estimated that achieving the SDGs would cost $3 trillion dollars (4% of global GDP). This should make … [Read more...] about OPINION: How for-profit enterprises can help in reaching sustainability goals
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U.S. economy remains far from employment, inflation goals: Fed official
Video Player Close WASHINGTON, Feb. 24 (Xinhua) -- The U.S. economy remains far from the Federal Reserve's goals for employment and inflation, and monetary policy will continue to provide support to the economy, a senior Fed official said Wednesday. "Today the economy remains far from our goals in terms of both employment and inflation, and it will take some time to achieve substantial further progress," Fed board governor Lael Brainard said during a virtual lecture at Harvard University. "Jobs are still down by 10 million relative to pre-COVID levels, and COVID has disproportionately harmed certain sectors, groups of workers, businesses, and states and localities, leading to a K-shaped recovery," Brainard said, noting the real unemployment rate is close to 10 percent. "When we take into consideration the more than 4 million workers who have left the labor force since the pandemic started, as well as misclassification, the unemployment rate is close to 10 percent currently … [Read more...] about U.S. economy remains far from employment, inflation goals: Fed official
The war on poverty: a Chinese saga
BEIJING -- China's massive anti-poverty campaign has transformed nearly 100 million lives in just eight years. It was a miracle that helped the world's most populous country achieve the UN Sustainable Development Goal on poverty eradication 10 years ahead of the schedule. A leader's promise On a crisp winter day in December 2012, Xi Jinping, who was not long ago elected general secretary of the Communist Party of China Central Committee, visited the mud-brick house of Tang Zongxiu located in the Taihang Mountains, northern China's Hebei Province. The dilapidated house was engulfed in darkness and had leakages. For two days, Xi visited multiple houses in two villages and saw similar sights of destitution. Knowing what it was like to be in penury, Xi, as the top leader, was determined to end it for all Chinese. He sounded a clarion call to end poverty nationwide, which he deemed an essential requirement of socialism. At the time, China still had 98.99 million people living … [Read more...] about The war on poverty: a Chinese saga
First smart hospital in Hong Kong put into operation
(ECNS) -- The Medical Center of Chinese University of Hong Kong (CUHK), Hong Kong's first totally electronic smart hospital, has been put into operation. Covering an area of 10,000 square meters, the center has 14 floors with 516 inpatient beds, 90 day beds, 28 operating rooms, 56 consulting rooms and 16 specialized medical centers. Each medicine rack in the outpatient pharmacy is equipped with an electronic sensor, which can assist pharmacists to pick medicines accurately and keep electronic records. "When a drug is selected in the PDA program, the corresponding label will light up to show the location of the drug. The pharmacist needs to scan the QR code on the label to make sure it is the expected drug. The light will turn off if the correct drug is taken out of the medicine cabinet. Meanwhile, the batch and expiration date of the drug will be captured when the QR code is scanned, which is convenient for drug recovery," said a pharmacist in CUHK Medical Center. The center … [Read more...] about First smart hospital in Hong Kong put into operation
Mamata Banerjee says Centre targeting women of her family
West Bengal Chief Minister on Wednesday said the Union government, instead of targeting her, was targeting women and daughters of her family. “You are entering my house and targeting own young daughters and daughter-in law who are 22–23-year-old. Our daughters and daughters-in- laws are all coal thieves and what are you, roaming around with coal thieves?,” she said at a rally at Chinsurah in Hooghly district. The CBI recently questioned her Rujira Banerjee, wife of her nephew Abhishek Banerjee, in a coal pilferage case. Addressing the public rally at the same ground where Prime Minister Narendra Modi addressed a rally on February 22, she accused the former of flagging off railway projects that she had conceived and sanctioned funds for. “Modi ji should answer why is Coal India being sold, railways being privatised, farmers are on streets,” she stated. While the Prime Minister had accused that women were not safe in Bengal, it was in the BJP-ruled States women were not safe. … [Read more...] about Mamata Banerjee says Centre targeting women of her family