Sen. Cory Booker and Rep. Ayanna Pressley.Anna Moneymaker/Getty Images Rep. Ayanna Pressley and Sen. Cory Booker urged the Treasury Department to support their "Baby Bonds" legislation. The bill would give babies $1,000 at birth, with additional contributions each year depending on family income. They argued it would advance racial equity and ensure financial security at birth. Two Democratic lawmakers want to put every American on the right financial track — at birth. On Wednesday, Massachusetts Rep. Ayanna Pressley and New Jersey Sen. Cory Booker sent a letter, first viewed by Insider, to the Treasury Department’s chair and vice chair of its Advisory Committee on Racial Equity (TACRE), Michael Nutter and Felicia Wong, respectively — and they urged the two officials to support their "Baby Bonds" legislation. Last month, the two Democratic lawmakers reintroduced the American Opportunity Accounts Act, which would give every child a savings account of $1,000 at birth, also known as Baby Bonds. The account would receive additional deposits each year depending on the child’s family income, and when the child turned 18, they would be able to access the funds. "This policy would provide every child in America with unprecedented opportunity for financial security," Pressley and […]

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The ‘office apocalypse’ is upon us,” proclaims a recent Business Insider article . It’s one of many with a similar message : U.S. cities are in deep trouble. Commercial real-estate values in half-empty big-city downtowns are cratering, taking property-tax revenues with them. Flummoxed local governments are looking for solutions. The most obvious remedy—residential conversion of surplus office space—has been slow to materialize. Finding ways to boost population and employment enough to refill downtown offices might be a better option, particularly where restrictive building rules have suppressed growth for decades. Local governments should view the decline in downtown office values as an opportunity, not a catastrophe. If many firms really can run productively without a five-day-a-week employee presence in the office, that will represent a wrenching structural change in the economy—comparable with the post–World War II shift in manufacturing and goods distribution out of cities to peripheral locations in metropolitan areas, low-cost Sunbelt states, and low-wage foreign countries. Many cities adapted to those economic upheavals, as well as the concurrent loss of jobs, by dramatically boosting employment in services. This included the expansion not only of financial, professional, and business services but also of health care and higher education. The […]

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Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – Blue Dot Carbon Co-Founder and CEO Christian Milau is excited by the size of the opportunity in the carbon credit market. In February Milau spoke to Kitco at the Mines And Money Miami show. Blue Dot is a carbon credits company. Carbon credits offset pollution, such as an airline seeking to balance carbon emissions from burning jet fuel. An offset can be reforestation or direct air carbon capture and storage. According to The World Bank, the estimated value of the voluntary carbon market in 2021 was $1 billion. The market is set to grow. According to a study by BloombergNEF, the trade in carbon credits could reach $1 trillion by 2030. Before co-founding Blue Dot with Sandstorm Gold Royalties CEO Nolan Watson, Milau was the CEO of Equinox Gold. Milau said he was lured away from Equinox due to the potential for growth in the carbon credit market. "It’s a real opportunity…a trillion-dollar market isn’t small," said Milau. He compared the size […]

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Gifts and Awards Josh Allen is the director of operations at Coastal AgroBusiness. In the summer of 1995, alumnus Josh Allen spent a lot of time in farm fields. Still an undergraduate in the Agricultural Institute (AGI), he accepted a summer internship with Coastal AgroBusiness and got his hands dirty. For a few months he scouted crops and helped the company’s customers – mainly farmers – make decisions about growth regulators and pest control. “It was between my second and third year in the Ag Institute,” Allen says. “I interned that summer of 1995 and upon graduation in 1996 started with Coastal AgroBusiness in sales and agronomy.” Allen credits that internship with crucial experience that helped him start his career. Now the director of operations, Allen wants the same experience for students coming through AGI today. “I don’t know where I’d be today without that internship,” says Allen. “Now, as an employer who hires folks for our company, I’m looking at resumes that show potential hires who can work in their field of study. Internships show commitment and ambition.” Coastal AgroBusiness is one of CALS’ generous scholarship donors for this exact reason. Created in 2013, the J.C. Whitehurst Jr. […]

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Jio.com website (Photo/jio.com). Image Credit: ANI JioThings Smart Utility Platform, a flagship Internet of Things (IoT) solution of JioThings, has partnered with Energy Efficiency Services (EESL), the joint venture of leading public sector enterprises under the Ministry of Power, to deploy 1 million smart prepaid meters in Bihar. JioThings Smart Utility Platform is a revolutionary narrow band-Internet of Things (NB-IoT)-enabled future-ready solution from Jio Platforms and is backed by the fourth-generation mobile system (4G/LTE technology), that will drive the digital transformation of the power utilities sector and help achieve the ministry of power and the government of India’s aim of installing 250 million smart meters, according to a statement from Jio Platforms. NB-IoT significantly improves the power consumption of user devices, system capacity and spectrum efficiency, especially in deep coverage, according to a statement from Jio Platforms. Kiran Thomas, CEO of Jio Platforms, said, "JioThings Smart Electricity Metering solution offers a comprehensive suite of highly scalable, smart and secure solutions through a combination of IoT platform, hardware, nationwide connectivity, installation and after-sales services. We believe that the smart utility platform will bring transformational benefits of the latest smart technologies to the power sector." He added, "By empowering enterprises with […]

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AwareX , the leading digital customer experience provider for the telecom industry, will be participating in TM Forum’s Digital Transformation World (DTW) Asia event . DTW Asia takes place March 14-16, 2023 at the Centara Grand at CentralWorld in Bangkok and is focused on the opportunities for telecommunications growth in Asia including scalability, agility, innovation, co-creation and flexibility. Known for its human approach to providing journey-led, data-driven, turnkey solutions, AwareX is the only digital customer engagement solution that enables businesses to build customer loyalty and maximize revenue opportunities – right out of the box. The AwareX Digital Customer Engagement Suite was awarded the esteemed TM Forum Customer Experience Management (CEM) Conformance Certification for business-critical customer engagement. The company’s dynamic digital suite is first-of-its-kind and includes nine carrier-grade, cloud-native solutions to help service providers engage with and influence their customers in both human and scalable ways. The AwareX solution not only improves customer engagement, but boosts NPS, reduces churn and improves revenue. Additionally, the suite works with multiple backend systems, matching data with multiple communications-centric customer journeys and proactively tailoring the experience with the right digital interactions, at the right time and often addressing issues before the end user even […]

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Login to read the full story. Unlock your 30 days free access to ETPrime now. Login to Unlock Already a Member? Sign In Now *No card details required Unlock top trending exclusive articles with ET Prime How Indian banks gave away an opportunity called UPI, and its control, to PhonePe, and Google Pay Business of biryani: how Biryani By Kilo is winning Indian palates with consistency and automation ET Prime Membership Benefits 1 Clean experience with minimal ads Reading made easier & distraction free 2 Access the exclusive Economic Times Stories, Editorial & Expert opinion Unlock 70+ deeply researched Prime articles per month Access 500+ print edition articles every month Access our Rich Archive of stories & use it for research & reference 3 Sharp Insight-rich, In-depth stories across 20+ sectors Detailed analysis & insights on sectors you care about 4 Get Complete Access to with ET Prime Experience your Economic Times newspaper, the digital way. Read Today’s Print Edition 5Complimentary Stock Reports Plus worth ₹1,499 Powered By REFINITIV What you get with Stock Reports Plus? Make Investment Decisions with proprietary stock scores on earnings, fundamentals, relative valuation, risk and price momentum Find New Trading Ideas with weekly updated […]

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/ MEDIA STATEMENT / This content is not written by Creamer Media, but is a supplied media statement. By Sarthak Rohal, VP – IT Services at In2IT Technologies Irrespective of the industry or size, digital transformation has become an essential component of all businesses across the world. Following COVID-19, businesses have had to adapt to a new working landscape and new customer demands, thus propelling more companies to harness cloud and automation tools. Incorporating automation tools such as AI (including Generative AI, Responsible AI and Edge AI), Blockchain, and NFTs will aid businesses in transforming their operations , improve customer experience, and maintain a competitive edge. Advertisement Capitalising on automation tools Automation , from hyper- automation to Generative AI, Responsible AI and Edge AI, is a hot topic, which is why it has become one of the major technologies to go mainstream in the past few years. Today, product and service offerings in the automation space come in all ‘shapes and flavours’, depending on whether you are a Small, Medium or Micro Enterprise (SMME) or a large-scale enterprise. Advertisement When considering automation , many may reflect on how the pandemic previously catalysed the need for the global workforce to […]

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FedEx Express, a subsidiary of FedEx Corp. ( NYSE: FDX ) and the world’s largest express transportation company, announces its eighth edition of ‘SME Connect’ series on ‘ Future-Fit SMEs: Unlocking Growth Opportunities through Digital Transformation . The ‘SME Connect’ series is a thought leadership and knowledge sharing platform for SMEs to interact with industry and subject matter experts for solution-focused discussions that can bring value to their business. The current edition of FedEx SME Connect focuses on the need for SMEs to accelerate their digital capabilities, which is critical for business success. The engaging session throws light on how SMEs can build a purpose driven business model through digital transformation, overcome challenges during the transitioning phase, the tools they can leverage to scale their business globally, and the impact of the Union Budget announcements on the sector. Salil Chari, senior vice president, Marketing and Customer Experience – AMEA, FedEx Express said, “Keeping up with digital transformation has become imperative for SMEs to stay agile in a changing business environment. The adoption of digitalization opens doors for SMEs to expand their customer base and strengthen their market presence. With the eighth edition of FedEx SME Connect series, we aim […]

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Every industry is digitalizing, with banking more advanced than most. The goals are improved efficiency, better customer service, and higher revenues, but new technology is not without its risks. The digital transformation of businesses and other organizations started with the use of computers back in the 1960s, but it only really began to take off with the widespread adoption of the internet in the 1990s. Even then, the term itself was not coined until 2011 when a Capgemini Consulting and Massachusetts Institute of Technology (MIT) report defined it as “the use of technology to radically improve the performance or the reach of businesses.” At least, Techopedia says they were the first. OpenAI’s ChatGPT begs to differ. When asked, it says the origin of the term “is difficult to trace to a single person or organization.” It agrees that Capgemini and MIT helped popularise the term back then, but it was also used in a 1999 book titled Digital Transformation: The Essentials of e-Business Leadership by Keyur Patel and was used by others before that. Anyway, what is important is the meaning of the term today which, in the simplest sense, is the use of digital technology by an organization […]

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