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Posted by geri
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Monday, 18 January 2010 |
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 For two years now, rock-bottom interest rates have meant nominal returns for savers holding extra cash. But, those who want to do some good in the world have actually done better than their peers – a lot better in some cases, generating enviable returns as high as 6 percent.
Richard Frisbie, a Purdue University administrator with a penchant for strong rates of return and a low tolerance for risk, earns 3 percent on most of his 17 Calvert Foundation community investment notes, which he bought through MicroPlace.
His money supports artisans and other microentrepreneurs in developing nations. And he doesn’t worry about them defaulting. The institutions that broker his microloans stand behind their borrowers and have a 100 percent repayment history through MicroPlace.
Investors with as little as $20 can support microentrepreneurs, while earning rates of return as high as 6 percent. Dozens of MicroPlace investments pay 3 percent on commitments of two years or less.
(Continue reading in the Christian Science Monitor)
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Posted by geri
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Saturday, 16 January 2010 |
 Corporate America has already pledged more than $40 million in donations to support earthquake relief efforts in Haiti. Corporate pledges for the country have tripled between Thursday and Friday, according to the U.S. Chamber of Commerce.
By Friday, 22 U.S. companies had already pledged $1 million or more apiece to international relief organizations working in Haiti. They include Amgen, Microsoft, Coca-Cola, and Time Warner.
We just decided this was the right thing to do," said Lowe's spokesperson Maureen Ricks. In addition to its gift to the American Red Cross, all 1,700-plus Lowe's stores will serve as donation centers for the American Red Cross, Ricks added.
Read about how this disaster compares to donation averages in the past at Fortune magazine.
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Posted by geri
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Wednesday, 13 January 2010 |
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 100 years ago, the founder of Hershey chocolate, Milton Hershey, decided to leave his entire $60 million fortune to open a school for underprivileged kids.
Today, the 1,800 kids living on campus create a strong family, and learn valuable life lessons inside and out of the classroom.
Tuition for the sprawling 2,600-acre campus totals $75,000 dollars per student per year - but the kids pay nothing. It's all paid for by the Hershey Trust - with a portion of each Hershey chocolate bar going to fund this unique institution.
Watch the video below, or read the story at CBS News.
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Posted by geri
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Monday, 11 January 2010 |
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 A southern California solar startup has become
the first company to sign a deal with China to build solar thermal power plants -- and it’s a huge deal: 2,000 megawatts, or enough to power several million Chinese
homes.
ESolar Inc. of Pasadena signed an agreement Friday to build a series of solar thermal power plants for China, in one of the largest renewable energy deals of its kind.
Coming four months after an Arizona company, First Solar, secured a contract to build an equally large photovoltaic power plant in China, the ESolar project with a total capacity of 2,000 megawatts, signals China's emergence as a major market for renewable energy.
"They're moving very fast, much faster than the state and U.S. governments are moving."
(Continue reading in the LA Times)
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Posted by geri
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Sunday, 10 January 2010 |
 Former students at Delft University of Technology in the Netherlands are transforming incinerator waste into marketable and eco-friendly raw materials.
Incinerator ash consists of metals—copper, aluminum, zinc, iron, lead, tin and gold—which, if properly recovered, retain their value.
The two are perfecting a technology that sorts out these precious metals for recycling into construction materials. Incineration firms pay them for the recycling services, sell the recovered metals to the contruction industry and voila, a waste stream becomes a revenue stream.
(Continue reading in Ode magazine)
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