#global business impact

[financia012]

Resilience in the Face of Adversity: Gautam Adani’s Take on US Indictments

Introduction Gautam Adani, one of the world’s leading business magnates, has often found himself at the center of controversies. Recently, his enterprise faced scrutiny with allegations stemming from the United States. Demonstrating steadfast resilience, Adani assured his stakeholders that such challenges only serve to strengthen the group’s foundations and determination to excel. A Strong…

[afrotumble]

From high school drop out to billionaire: Dr Dre | Headspace

https://www.headspacegroup.co.uk/from-high-school-drop-out-to-millionaire-dr-dre/

[kitelovr113]

he would love competitive debate

[techtoio]

The Science of Climate Change and Technology Solutions

Introduction

Climate change, of all the challenges, is among the most critical in the modern day. With such unpredictability from variable weather patterns and global average temperature increases, the need for implementable solutions has perhaps never been so extreme. By exploring the intriguing intersection of climate-change science and innovative technology solutions, TechtoIO goes to the bottom of this global issue. Read to continue

[champstorymedia]

Female Leadership on the Rise: Women Who Are Making a Difference

Introduction: In today’s world, female leadership is on the rise, with more women stepping into positions of power and influence than ever before. From politics to business to non-profit organizations, women are making a significant impact on society and inspiring future generations. In this article, we will explore the stories of women who are leading the way and making a difference in their…

[jcmarchi]

How social structure influences the way people share money

New Post has been published on https://thedigitalinsider.com/how-social-structure-influences-the-way-people-share-money/

How social structure influences the way people share money

People around the globe often depend on informal financial arrangements, borrowing and lending money through social networks. Understanding this sheds light on local economies and helps fight poverty.

Now, a study co-authored by an MIT economist illuminates a striking case of informal finance: In East Africa, money moves in very different patterns depending on whether local societies are structured around family units or age-based groups.

That is, while much of the world uses the extended family as a basic social unit, hundreds of millions of people live in societies with stronger age-based cohorts. In these cases, people are initiated into adulthood together and maintain closer social ties with each other than with extended family. That affects their finances, too.

“We found there are major impacts in that social structure really does matter for how people form financial ties,” says Jacob Moscona, an MIT economist and co-author of a newly published paper detailing the results.

He adds: “In age-based societies when someone gets a cash transfer, the money flows in a big way to other members of their age cohort but not to other [younger or older] members of an extended family. And you see the exact opposite pattern in kin-based groups, where money is transferred within the family but not the age cohort.”

This leads to measurable health effects. In kin-based societies, grandparents often share their pension payments with grandchildren. In Uganda, the study reveals, an additional year of pension payments to a senior citizen in a kin-based society reduces the likelihood of child malnourishment by 5.5 percent, compared to an age-based society where payments are less likely to move across generations.

The paper, “Age Set versus Kin: Culture and Financial Ties in East Africa,” is published in the September issue of the American Economic Review. The authors are Moscona, the 3M Career Development Assistant Professor of Economics in MIT’s Department of Economics; and Awa Ambra Seck, an assistant professor at Harvard Business School.

Studying informal financial arrangements has long been an important research domain for economists. MIT Professor Robert Townsend, for one, helped advance this area of scholarship with innovative studies of finances in rural Thailand.

At the same time, the specific matter of analyzing how age-based social groups function, in comparison to the more common kin-based groups, has tended to be addressed more by anthropologists than economists. Among the Maasai people in Northern Kenya, for example, anthropologists have observed that age-group friends have closer ties to each other than anyone apart from a spouse and children. Maasai age-group cohorts frequently share food and lodging, and more extensively than they do even with siblings. The current study adds economic data points to this body of knowledge.

To conduct the research, the scholars first analyzed the Kenyan government’s Hunger Safety Net Program (HSNP), a cash transfer project initiated in 2009 covering 48 locations in Northern Kenya. The program included both age-based and kin-based social groups, allowing for a comparison of its effects.

In age-based societies, the study shows, there was a spillover in spending by HSNP recipients on others in the age cohort, with zero additional cash flows to those in other generations; in kin-based societies, they also found a spillover across generations, but without informal cash flows otherwise.

In Uganda, where both kin-based and age-based societies exist, the researchers studied the national roll-out of the Senior Citizen Grant (SCG) program, initiated in 2011, which consists of a monthly cash transfer to seniors of about $7.50, equivalent to roughly 20 percent of per-capita spending. Similar programs exist or are being rolled out across sub-Saharan Africa, including in regions where age-based organization is common.

Here again, the researchers found financial flows aligned to kin-based and age-based social ties. In particular, they show that the pension program had large positive effects on child nutrition in kin-based households, where ties across generations are strong; the team found zero evidence of these effects in age-based societies.

“These policies had vastly different effects on these two groups, on account of the very different structure of financial ties,” Moscona says.

To Moscona, there are at least two large reasons to evaluate the variation between these financial flows: understanding society more thoroughly and rethinking how to design social programs in these circumstances.

“It’s telling us something about how the world works, that social structure is really important for shaping these [financial] relationships,” Moscona says. “But it also has a big potential impact on policy.”

After all, if a social policy is designed to help limit childhood poverty, or senior poverty, experts will want to know how the informal flow of cash in a society interacts with it. The current study shows that understanding social structure should be a high-order concern for making policies more effective.

“In these two ways of organizing society, different people are on average more vulnerable,” Moscona says. “In the kin-based groups, because the young and the old share with each other, you don’t see as much inequality across generations. But in age-based groups, the young and the old are left systematically more vulnerable. And in kin-based groups, some entire families are doing much worse than others, while in age-based societies the age sets often cut across lineages or extended families, making them more equal. That’s worth considering if you’re thinking about poverty reduction.”

[theinsightcircle]

Beyond the Gold Rush: Barrick Gold's Ethical Predicament

by: Alejandro, Amank, Aubrey, Edwin, Shardul, Shruti

Company Overview Known for its diversified collection of gold and copper assets, Barrick Gold operates in 13 countries and owns 16 active sites. It was founded by Peter Munk who made it a global mining giant. Its production history is quite impressive while its market value is close to CAD$40 billion thus making it one of the kings of the game. Notwithstanding these achievements; however, Barrick Gold has encountered great moral, human rights and legal problems which has led to its bad name.

Ethical, Human Rights, and Legal Challenges

Though Barrick Gold professes to abide by lofty ethical principles, it has been engaged in various disputes over contraventions of human rights and degradation of the environment, especially within the bounds of Papua New Guinea and Tanzania. The corporation’s Porgera Joint Venture mine has faced challenges accusing it of employing too much violence towards surrounding populations and causing significant harm to nature. Furthermore, Barrick Gold has also been charged with polluting water bodies and invading animal territories. Such claims have raised doubts regarding its true commitment towards sustainable mining operations hence resulting into a host of lawsuits in addition to public investigations.

PESTEL Analysis

To gain a deeper understanding of the external factors influencing Barrick Gold's operations, a PESTEL analysis is essential:

Political: In nations where Barrick Gold operates, political instability has the potential to introduce unpredictability and impede the company’s operations. For instance, the company’s past encounter with challenges attributed to government regulations and taxation in Tanzania indicates that political landscapes should be navigated with care. Economic: Barrick Gold’s profitability can significantly be affected by economic factors such as exchange rate fluctuations and prices for commodities. Therefore, it is important for the company to mitigate the effects of economic risks in order to adapt well to changing market scenarios that will enable it survive at long-term. Social: Social issues are critical in Barrick Gold´s operations like community relations or indigenous rights. The firm must balance between its economic goals and the fulfillment of its social obligations with regard to respect as well as collaboration when dealing with local communities. Technological: Enhancements in technology can help an organization increase its effectiveness and productivity in the mining sector. Barrick Gold has invested more funds into technology to boost its profitability while minimizing adverse ecological effects. Nonetheless, the firm must be aware of such issues as job losses due to automation or other adverse effects on neighboring communities that may arise from new technologies. Environmental: The mining sector faces numerous challenges due to serious environmental problems including climate change, water shortage and extinction of species. To ensure that it survives for long; Barrick Gold should adopt sustainable methods so as reduce its impact on environment. Legal: The operations of Barrick Gold can be fundamentally affected by legal regulations on mining, environmental protection and human rights. For this reason, it needs to observe the law in order to avoid any legal proceedings and build a good image.

Conclusion Barrick Gold Corporation is in a difficult position trying to balance between making money and being responsible. They earned a good sum of money anyhow they also face different problems such as human rights abuses, ethical and lawful problems arisen from their operations. Another strategy which can help Barrick Gold in minimizing reputational risks and boosting trust among its partners is enhancing responsible corporate conduct through more engagement of stakeholders and sustainable development initiatives.

[rupasriymts]

Overview of the Fuel Crisis in 2022

In 2022, the world experienced a major Fuel Crisis that affected many people and businesses. This problem arose from several issues. First, the COVID-19 pandemic had already disrupted the global economy. As countries began to recover, the demand for fuel surged, but the supply couldn't keep up. Oil-producing countries had reduced their production during the pandemic, and when demand went up again, they found it hard to increase production quickly. This imbalance caused a fuel shortage and led to higher prices at gas stations.

The fuel crisis had a big impact on daily life. For businesses like Petrosoft, which makes software for petrol pumps, things got really tough. As fuel prices went up, it became harder to manage and track fuel sales. Customers felt the squeeze of higher fuel costs and changed how they used fuel. Some started driving less or chose cars that use less fuel to save money. Because of this, petrol stations had to quickly adjust how they managed their fuel supply and set their prices.

The rise in fuel prices also impacted other industries. Transportation costs went up because trucks, ships, and planes had to pay more for fuel. These higher costs were passed on to consumers, making goods and services more expensive. Businesses had to change their pricing to handle these new costs, and many struggled to keep their budgets in check.

[theleadersglobe]

Australia Limits International Student Enrollment to Manage Migration Impact

In a strategic move to address the challenges posed by increasing migration, the Australian government has announced a cap on international student enrollments, limiting the number to 270,000 by 2025. This decision is aimed at mitigating the pressure on the country’s housing market and infrastructure, which has been exacerbated by a record influx of immigrants. The move is part of a broader strategy to control the impact of high migration rates on essential services and urban development.

Balancing Migration and Economic Contributions

The international education sector in Australia is a significant contributor to the national economy, generating nearly AUD 36.4 billion in the 2022–2023 fiscal year. The influx of students, particularly from countries like India, China, and the Philippines, has not only boosted the labour supply but also helped in moderating wage pressures. However, the growing number of international students has also led to increased demand for housing, pushing rental prices to new highs and straining existing infrastructure.

Read More: (https://theleadersglobe.com/life-interest/education/australia-limits-international-student-enrollment-to-manage-migration-impact/)

[financia012]

2024 Shanghai Cooperation Organisation (SCO) Summit: Key Discussions and Global Implications

Introduction to the 2024 SCO Summit The Shanghai Cooperation Organisation (SCO) summit of 2024 is a crucial gathering of Eurasian leaders, addressing significant issues that impact not only the region but also the broader global landscape. Formed in 2001, the SCO is an intergovernmental organization that focuses on regional security, economic cooperation, and political stability. This year’s…

[transcriptioncity]

Transcription Services for Inclusivity and Translation Services for Accessibility

Creating Inclusive Content Strategies with Translation and Transcription Services 90% of internet users access content in their native language. This statistic underscores the necessity of inclusive content. With the digital landscape expanding, content creators must prioritize accessibility. Translation services for accessibility and transcription services for inclusivity play pivotal roles in…

[storytoday]

Bill Gates Failures Before Success | #motivation #inspiration

[champstorymedia]

Empowering Women: The Key to Building Stronger Leadership Teams

Women bring unique perspectives, skills, and experiences to the table that can greatly benefit leadership teams. It is essential to empower women in the workplace to create a more diverse and inclusive environment that fosters innovation and success. In this article, we will explore the importance of empowering women and how it can lead to stronger leadership teams. Benefits of Empowering Women…

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𝙎𝙚𝙚𝙙𝙨 𝙈𝙖𝙧𝙠𝙚𝙩: 𝙍𝙚𝙫𝙤𝙡𝙪𝙩𝙞𝙤𝙣𝙞𝙯𝙞𝙣𝙜 𝘼𝙜𝙧𝙞𝙘𝙪𝙡𝙩𝙪𝙧𝙚 𝙊𝙣𝙚 𝙎𝙚𝙚𝙙 𝙖𝙩 𝙖 𝙏𝙞𝙢𝙚

𝙍𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙖 𝙁𝙍𝙀𝙀 𝙎𝙖𝙢𝙥𝙡𝙚: https://www.nextmsc.com/seeds-market/request-sample?utm_source=sanyukta-16-April-24&utm_medium=sanyukta-tumblr&utm_campaign=sanyukta-seeds-market

We're thrilled to announce the launch of Seeds Market, a groundbreaking platform revolutionizing the way farmers access quality seeds worldwide!

At Seeds Market, we're committed to empowering farmers with the tools and resources they need to thrive in today's agricultural landscape. With our user-friendly platform, farmers can now easily browse, purchase, and exchange high-quality seeds from trusted suppliers, all in one convenient place.

Why Seeds Market?

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Join us in sowing the seeds of a brighter future for agriculture! Visit Seeds Market today and experience the difference for yourself. Together, let's cultivate a more sustainable, resilient, and prosperous food system for generations to come.