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Charitable foundations move to align investments with philanthropic goals
Charitable foundations have historically considered their philanthropic goals to be separate from their investments, often fearing that socially responsible investing could harm their returns. Recently, though, many foundations are moving to harmonize the social and environmental effects of their investments with their charitable missions. The Ford Foundation, the second-largest in the U.S., and some smaller […]
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Indian car company to sell world’s cheapest car
India-based Tata Motors plans to launch what it’s billing as the world’s cheapest car later this year, a five-seater selling for about $2,500. The roughly 58-miles-per-gallon “People’s Car” hopes to lure less affluent folks in India and other developing countries who often rely on ultra-cheap two-wheeled motorbikes and scooters for transport. The car will be […]
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Japan leads G8 in 2008, will focus on climate change
A new year means a new country takes over leadership of the Group of Eight rich nations, and in 2008 it’s Japan. Prime Minister Yasuo Fukuda has promised to make climate change a top priority, proposing a goal for G8 countries to cut emissions by 50 percent from 1990 levels by 2050. And while that […]
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New-Year-heralding ball will be energy-efficient
As promised, the ball that will drop in Times Square tonight to herald the new year will be dazzling both in its brightness and its energy efficiency. On the 100th anniversary of the tradition, the 1,415-pound ball with a circumference of some 6 feet will glow with more than 9,500 energy-efficient LED lights. Its descent […]