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Toby Eccles: Invest in social change

Toby Eccles: Invest in social change

toby eccles

 

Here’s a stat worth knowing: In the UK, 63% of men who finish short-term prison sentences are back inside within a year for another crime. Helping them stay outside involves job training, classes, therapy. And it would pay off handsomely — but the government can’t find the funds. Toby Eccles shares an imaginative idea for how to change that: the Social Impact Bond. It’s an unusual bond that helps fund initiatives with a social goal through private money — with the government paying back the investors (with interest) if the initiatives work.

Toby Eccles has created a radical financial instrument that helps private investors contribute to solving thorny public problems.

 

WHY YOU SHOULD LISTEN TO HIM?

 

All too often, an ex-inmate walks out of prison with the exact same problems he or she walked in with: lack of skills, lack of support, no job. And they end up re-offending and back in jail. It’s an expensive problem to fix, but it’s a much more expensive one to ignore. A director at Social Finance in London, Toby Eccles explores the arbitrage between those two options.

 

In 2010, his pioneering Social Impact Bond allowed private investors to support a UK program targeting ex-prisoners who served short sentences (the limited government funding only goes to ex-inmates who served long terms). The £5m scheme, funded by 17 investors, supports training and support for 1,000 ex-inmates; if they re-offend less than a control group, the government will pay investors back, plus interest, through the savings accrued by achieving the program’s targets.

 

More such bonds are now being tried across the world, including in New York City and Massachusetts (both addressing recidivism), and extended to new fields such as development. Eccles founded Social Finance in 2007, and he oversees all of the firm’s social impact bond work, where, he says: “We are incentivised to work with the complicated and with those willing to change.” “We are incentivised to work with the complicated and with those willing to change.”

 

“What Would You Do If Your Were Not Afraid?” : Anas Bukhash

“What Would You Do If Your Were Not Afraid?” : Anas Bukhash

 

anas bukhash

Anas Bukhash graduated with a Mechanical Engineering degree from Northeastern University in Boston, Massachusetts, and since then has embarked on a variety of careers spanning 8 years of professionalism. Working in the oil & gas, property development, philanthropy and sports sectors, Anas has a wealth of knowledge extending across all fields – but his biggest passion was football.

 

Anas can often be found on-screen as a regular guest on Abu Dhabi Sports’ ‘The Beautiful Game’, alongside many other assorted TV and radio appearances, events, talks and workshops. A popular tweeter, Anas’ Twitter account is one of the most followed in the region, and as well as his sporting interests.

 

Harvard Business Review: #1 Key to Motivation

Harvard Business Review: #1 Key to Motivation

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In a multi-year study, researchers at the Harvard Business School first asked 600 managers from dozens of different companies to rank the impact of five factors that are normally associated with motivation – recognition, incentives, support from managers and colleagues, clear goals and a sense of making progress. In this first phase of the study, recognition for good work was ranked by managers as the most important factor in motivation.

CNBC Squawk Box: Sen. Warren Leads Charge to Break Up Big Banks

CNBC Squawk Box: Sen. Warren Leads Charge to Break Up Big Banks

Senator John McCain and Elizabeth Warren are teaming up to break up the megabanks. Massachusetts Senator Elizabeth Warren joined the Squawk Box team on Friday, July 12th to discuss this new bill.

 

Dr. Lynne Kenney: Why Expectations Are Important

Dr. Lynne Kenney: Why Expectations Are Important

Dr. Lynne Kenney, a self-professed “nine year-old at heart,” recognizes that we live in a stressful world. She also believes that kids are resilient and forgiving, and that in the face of challenges, we can raise strong, independent children while living passionately and helping our children do the same. A clinician and an educator, Dr. Kenney talks about: Establishing and communicating values for our children; Setting boundaries; Getting out of the “control cycle”; Helping kids define themselves.

Dr. Kenney founded the multimedia franchise Real Time Moms, audiocasts the ModMom show, and hosts Baby Basics on BabyFirst tV. she has written for audiences from children to divorce court judges, and she has a busy clinical practice. she holds a doctorate in psychology from Pepperdine University and has trained at Harvard Medical School and UCLA Medical School.

 

The Myth of Average: Todd Rose

The Myth of Average: Todd Rose

High school dropout turned Harvard faculty talks about how a simple new way of thinking helps nurture individual potential.

L. Todd Rose is co-founder and president of Project Variability, an organization dedicated to providing leadership around the emerging new science of the individual and its implications for education, the workforce, and society. In addition, he is a faculty member at the Harvard Graduate School of Education, where he teaches Educational Neuroscience. Todd is also the author of Square Peg: My story and what it means for raising visionaries, innovators, and out-of-the-box thinkers.

 

Bill Gates Speech at Harvard University

Bill Gates Speech at Harvard University

 

bill gates

 

Be inspired by Bill Gates – the most successful and the richest dropout in the world!

Shared Leadership for Community Change: Andre Leroux

Shared Leadership for Community Change: Andre Leroux

As Executive Director of the Massachusetts Smart Growth Alliance, André has led efforts to reform zoning laws, increase transportation investment, and create a network of great places. He established Great Neighborhoods to support local groups and helped launch Transportation for Massachusetts to advocate for walking, biking, and public transportation.

Before joining the Alliance, André led the Reviviendo Gateway Initiative (RGI) in Lawrence, Massachusetts, a model of public-private partnership for urban revitalization. Composed of residents, property owners, government officials, artists, nonprofit organizations, and businesspeople, RGI sparked more than $120 million of investment in the City of Lawrence in three years. André also led the creation of two smart growth zoning districts in the city, helped to found a cultural economic development initiative, and coordinated a research and educational collaboration with the Massachusetts Institute of Technology called MIT@Lawrence.

 

Mahaneys 2013 Internet Sector Outlook

Mahaneys 2013 Internet Sector Outlook

http://youtu.be/acdrO9l33i4

 

How education lost its role as the great equalizer – Reuters Investigates

How education lost its role as the great equalizer – Reuters Investigates

Get a good education, get a good job. That’s the promise. But it no longer works that way. Two students in Massachusetts, one in Gardner, one in Weston, show how the growing income gap is affecting the nation’s school systems.