Thursday, June 13, 2013

Goldman closes 2nd Social Impact Bond with Much Lower Credit Enhancement

As details of the transaction emerge, it appears that J.B Pritzker has taken a first-loss subordinated position of 34% which is much lower than the 75% credit enhancement which Bloomberg Philanthropies provided in the NYC Rikers Island transaction.

http://dealbook.nytimes.com/2013/06/12/goldman-to-invest-in-utah-preschool-program/?smid=pl-share

Tuesday, June 4, 2013

How Can We Align Who We Are with What We Do?

David Brooks describes a phenomenon I see in my students and colleagues as we all try to reconcile the sometimes conflicting desire to make a living and make the world a better place.  Can we consume our way to a sustainable and just world?  Can we do well and good? This complexity only seems to increase as the world gets smaller.  

http://www.nytimes.com/2013/06/04/opinion/brooks-the-way-to-produce-a-person.html?smid=pl-share