Posts tagged with "wealth"

Tech illustration by Sara Davidson for 360 Magazine

Tech Industry Billionaires

70% of the Top 10 Billionaires Generated Their Wealth from the Tech Industry.

Data researched by Trading platforms UK indicates that 70% of the top ten richest people amassed their wealth from the technology industry as of March 1, 2021. The top ten wealthiest individuals control a fortune of $1.14 trillion in total, with tech players accounting for $855.9 billion.

Amazon founder Jeff Bezos is the wealthiest person globally with a fortune of $181 billion, followed by Tesla CEO Elon Musk at $174 billion. Microsoft founder Bill Gates ranks third with a fortune of $135 billion.

The report explains some of the underlying factors leading to the tech sector’s dominance of the top ten rich list. According to the research report:

“The dominance of the rich list by the technology industry figures also points to the sector’s resilience in times of crisis. Technology rose to prominence due to its ability to offer solutions to help people cope with the coronavirus crisis. For instance, during the health crisis, most billionaires in the sector like Amazon’s Jeff Bezos amassed more wealth as more people leveraged on e-Commerce platforms amid the lockdown and stay at home measures.”

The U.S. and China together host 49% of the top 500 billionaires globally.

Additionally, the findings reveal that the United States has the highest number of billionaires globally at 156, while China ranks second at 86. The two countries, therefore, account for 49% of the top 500 billionaires globally.

Germany is third with 28 billionaires followed by Russia at 24. Hong Kong and France follow, with each having 17 billionaires. The United Kingdom and India each have 16 billionaires. Canada is ninth with 15 billionaires while Sweden is tenth with 11 billionaires.

The analysis also shows that the tech industry has the highest number of billionaires globally at 84. Industrial ranks second with 56 billionaires followed by diversified at 50 while the consumer has 43 billionaires. Finance has 37 billionaires, while entertainment has the least billionaires at 10.

For further statistics and information, please visit this website.

360 football illustration for sports articles

THE ECONOMIC SUPER BOWL

In midst of a pandemic that devastated society, including sports, the total wealth of 64 billionaire sports barons shot up by $98.5 billion, or over 30 percent. Taxpayer subsidies for stadiums of 26 billionaire team owners have totaled $9 billion since 1990, with most in last decade.

We won’t know the winner of this year’s Super Bowl till Sunday, but we already know the big winners in our COVID-ravaged economy include dozens of billionaire sports barons.

On the eve of the big game, and after 10 plus months of the pandemic, 64 billionaire owners of major league sports franchises—including the AFC champion Kansas City Chiefs’ Hunt family and the NFC champion Tampa Bay Buccaneers’ Glazer family—have enjoyed a $98.5 billion rise in their collective net worth, a 30 percent increase, as millions of fans have fallen ill, lost jobs, neared eviction, gone hungry and died due to the coronavirus.

The 64 billionaires, who together own or co-own 68 professional sports franchises, had a combined wealth of $426 billion on January 29, 2021. This number is up from $326 billion on March 18, 2020, roughly since the start of the pandemic lockdowns, according to a new analysis by the Institute for Policy Studies (IPS) and Americans for Tax Fairness (ATF), and data analysis from Forbes and Wealth-X. (Note: The increase in total billionaire wealth from March to January was $100 billion, but has been adjusted to $98.5 billion because an additional billionaire reached that status in January 2021.)

The sports billionaires’ private gain in the midst of so much public pain is particularly galling since many of their franchises have been the beneficiaries of taxpayer handouts. Over the past several decades, according to data maintained by Field of Schemes, 28 pro sports teams owned by 26 billionaires have received $9 billion in taxpayer subsidies (see Table here) to help build or update stadiums and arenas and make other investments that billionaires could presumably afford on their own. These publicly subsidized team owners have seen their wealth increase $45 billion since mid-March.

For the full report go to Pandemic Super Bowl 2021: Billionaires Win, We Lose.

Over the past five years—when a lot of sweetheart tax deals were cut—the collective wealth of sports billionaires shot up $165 billion, or 67 percent. Their combined wealth of $247 billion in March 2016 had grown to $426 billion by January 29 of this year. (Nine billionaires on the list in 2021 were not billionaires in 2016, accounting for the $14 billion discrepancy.)

The $98.5 billion wealth gain by 64 sports franchise billionaires since March 2020 could pay for:

  • A stimulus check of $1,400 for over 70 million Americans—almost half of the 153 million people who likely will be eligible under the pandemic relief plan proposed by President Biden based on the 2020 stimulus payments.
  • More than one-third of the $290 billion cost of providing $400-a-week supplements to existing unemployment benefits through September, as proposed by President Biden in his COVID rescue plan.

March 18 is used as the unofficial beginning of the pandemic because by then most federal and state economic restrictions responding to the virus were in place. Moreover, March 18 was also the date on which Forbes estimated billionaire wealth for the 2020 version of its annual report. That report provided a detailed baseline that ATF and IPS have been comparing periodically with real-time data from the Forbes website. [See past reports here] This methodology has been favorably reviewed by PolitiFact.

Last March is when the nation’s emergency response to the deadly virus threw professional sports, along with the rest of society, into turmoil. Thousands of low-paid stadium and arena workers lost their jobs as sports seasons were cancelled and curtailed.

The long winning streak of America’s billionaire sports owners is just part of the dominance of a national dynasty of 661 U.S. billionaires whose wealth has grown by $1.2 trillion, or 40%, during the pandemic. The number has climbed from $2.9 trillion on March 18 to $4.13 trillion, as of January 29, 2021 (see link here for all data).

Though only one of their teams will lift the Lombardi Trophy as Super Bowl champs this year, both the Chiefs’ Hunt family—specifically, Ray Lee Hunt and W. Herbert Hunt—and the Bucs’ Glazer family will continue their long reigns among the nation’s biggest economic winners. The Hunts’ net worth is estimated by Forbes at $6.3 billion, up $482 million during the COVID crisis. The Chiefs received $250 million in taxpayer subsidies for stadium renovations in 2006.

The Buc’s Glazer family is worth an estimated $1.7 billion, according to Wealth-X. Taxpayers provided a total of $218 million in subsidies for construction and renovation of the Buccaneer stadium in 1998 and 2015.

Sixty U.S. billionaires—roughly one in ten of the country’s 661 total billionaires—own one or more major league professional sports teams in the National Football League (NFL), National Basketball Association (NBA), Major League Baseball (MBL), and National Hockey League (NHL). Four other billionaires—three from Canada and one from Germany—own four additional teams.

“These billionaire sports barons have seen their wealth rise as their fans lose their lives, livelihoods, health and wealth,” said Chuck Collins, director of the Institute for Policy Studies, Program on Inequality.  “As a country, we should be investigating pandemic profiteering and taxing windfall gains during these extraordinary times.”

“The Super Bowl brings the whole nation together, but we have not come together as a country to beat the pandemic,” said Americans for Tax Fairness executive director Frank Clemente. “Billionaire sports owners have continued their long winning streak of ever-growing fortunes while fans at home are losing their lives and livelihoods. Real team work would require billionaires to pay their fair share of taxes so we can get the whole U.S. back to its winning ways.”

“Every year, wealthy sports team owners rake in more than two billion dollars in taxpayer subsidies for new stadiums and arenas that, according to innumerable economic studies, provide zero measurable economic benefit to the public,” said Neil DeMause, co-author of Field of Schemes: How the Great Stadium Swindle Turns Public Money Into Private Profit, and editor of the stadium news site. “Letting billionaire owners socialize their costs and privatize their profits has allowed the rich to get richer, while starving local governments of revenue to pay for schools and other genuine public needs.”

Tax reform that ensures the wealthy pay their fair share—the principle President Biden’s tax plan is built on—would transform a good chunk of those huge billionaire gains into public revenue to help heal a hurting nation. But getting at that big boost in billionaire fortunes is not as simple as raising tax rates: tax rules let the rich delay, diminish and even ultimately avoid any tax on the growth in their wealth. What’s needed is structural change to how wealth is taxed.

The most direct approach is an annual wealth tax on the biggest fortunes, proposed by Senators Elizabeth Warren and Bernie Sanders, among others. Another option is the annual taxation of investment gains on stocks and other tradable assets, an idea advanced by the new Senate Finance Committee chair, Ron Wyden. Even under the current discounted tax rates for investment income, if Wyden’s plan had been in effect in 2020 America’s billionaire sports owners would be paying billions of dollars in extra taxes this spring thanks to their gargantuan pandemic profits last year. Another reform is needed to significantly strengthen the estate tax so that the riches accumulated by these ultra-wealthy sports franchise owners pay their fair share of taxes when these dynasties get passed onto their heirs.

Money illustration for 360 Magazine

Top Five Tech Billionaires Worth More Than 80 Poorest Countries Combined

The COVID-19 has played a significant role in wealth redistribution, with tech companies and their founders emerging as the biggest winners. While aviation, real estate, and hospitality industries have been pushed to the bottom of the global rich list, the tech industry billionaires have witnessed the largest wealth gains in the last year.

According to data, the combined net worth of the five wealthiest people in the US tech industry hit $567 billion in February, more than the gross domestic product (GDP) of the 80 poorest countries combined.

Jeff Bezos’ Wealth Surged by 65% Year-Over-Year (YoY) and Hit $187 billion in 2021

As the COVID-19 spread, the world has relied on many technological tools across different sectors­–from business and education to commerce and health care. Tech companies that have provided the best solutions amid the pandemic witnessed the most significant revenue surge, while their founders got richer, to the tune of billions.

Amazon products have become one of the most demanded in the world during the pandemic, as it keeps providing tech items, groceries, and entertainment to people amid lockdown. Because of the high demand for its services, the company had to hire an additional 175,000 workers to keep up with surging demand.

According to the Forbes billionaire list, the COVID-19 has helped Amazon founder and CEO Jeff Bezos to grow his wealth by $74 billion in the last year, with his net worth reaching $187 billion this month. The International Monetary Fund data shows this figure is closest to New Zealand and Iraq’s GDP, which ranked 52nd and 53rd globally with $193.5 billion and $178.1 billion, respectively.

Bill Gates, the Microsoft founder, is the second wealthiest person in the US tech industry, and globally. The net worth of the billionaire working with the WHO and drug makers to defeat the coronavirus is currently standing at $120billion. Statistics show Gates’ wealth grew by $22billion in the last year and is now closest to Morocco’s GDP, which ranked 59th globally.

As the fifth-largest tech company globally, Facebook has also witnessed impressive growth in 2020. The Facebook shares rose by 26% in the last year, pushing its CEO’s fortune up by $39 billion to $93.7 billion. This figure means that Mark Zuckerberg’s wealth is $700 million above Puerto Rico’s GDP, which stands at $93.9 billion.

The chairman, chief technology officer, and co-founder of software giant Oracle, Larry Ellison, and co-founder of Google, Larry Page, ranked as the fourth and fifth tech billionaires globally, with $84.9 billion and $80.4 billion in net worth as of this month. Their wealth is the closest to Sri Lanka and Dominican Republic’s GDP, which ranked 66th and 67th globally, with $81.1 billion and $77.8 billion, respectively.

Top Five Tech Billionaires Worth more than GDP of Sweden, Thailand or Belgium

According to Forbes and International Monetary Fund data, the cumulative wealth of the top five tech billionaires also surpasses the GDP of several countries considered to be economic powerhouses. For example, their combined net worth is bigger than the GDP of Austria, Norway, or United Arab Emirates, which ranked 28th, 33rd, and 35th globally with $432.8 billion, $366.3 billion, and $353.9 billion, respectively.

Statistics show that the five tech billionaires’ wealth is the closest to Poland and Sweden’s GDP, which ranked as the 23rd and 24th economies globally. The two countries’ gross domestic product stood at $580.9 billion and $529 billion in 2020.

Rolls-Royce Cullinan article illustration by Kaelen Felix for 360 MAGAZINE

Rolls-Royce Cullinan

Vaughn Lowery × Hannah DiPilato

Photos by Jeff Langlois

Illustration by Kaelen Felix

Just after winning the 2020 NBA Championship, 360 Magazine got the chance to pilot the new Rolls-Royce Cullinan in a glamorous royal violet. This new edition takes the prize for being one of the most deluxe SUVs on the market, defining the post-opulence of the brand.

Priced at about $340,350, the massive machine encompasses greatness, class and refinement. This bespoke vehicle focuses on the purest craftsmanship by retaining the same DNA as its brothers and sisters. Its name comes from the exquisite Cullinan diamond, so it is clear that wealth is featured in all fields.

During a sunset in Malibu, 360 Magazine was pleased to witness the extravagance of the SUV first hand and was able to record its faultless driving capabilities. A film, by Jeff Langlois, is featured on both our Instagram and YouTube and exhibits the impeccable excursion from a birds-eye perspective.

Design

The skeleton is a perfect marriage of sophistication and power, bringing a classic SUV composition to an all-new level. The striking purple exterior ensures travelers will arrive poshly to any event. The panoramic glass roof is designed for a sensation of the outdoors, while the privacy glass allows passengers to remain discreet. Twenty-two-inch wheels, partly polished to two spokes, allow effortless driving while remaining tasteful.

Every interior of the vehicle is not only exquisite, but unique because of the customizable characteristics the driver can choose to meet all their desires. The cabin is equipped with leather seats and sheep wool carpets. Its interior details are decorated with delicate wooden trim and moulded aluminum accents.

Technology

The Rolls-Royce Cullinan has the most current technology that perfectly correlates with the ride’s complex elements. With a spacious back seat, buyers can select the Center Console option that allows passengers sitting in the back to activate a massage feature. With this option, the middle seat has been replaced with a central console which features a cooling tray, perfect for holding champagne flutes or a whiskey carafe.

All models possess a large tactile infotainment system and Apple CarPlay. There is an available entertainment option for the backseat which boasts a 12.0-inch screen so the backseat riders will never grow bored. This model is also equipped with a WiFi access point and a custom audio system with 18 speakers. Of course, the interior roof can feature the classic Rolls-Royce star-studded ceiling which dazzles anyone who receives the honor of being a passenger.

Performance

With a 6.7-litre twin-turbo V-12 engine, the car delivers 563 horsepower noise-free. Thanks to the unique soundproofing glass, the drive is quiet in all terrains. The silent yet powerful engine allows a fast and enjoyable journey. According to Car and Driver, it can reach a speed of 60 mph in only 4.5 seconds.

The Cullinan is equipped with all-wheel drive and is able to tackle the most difficult terrain, ideal for steep driveways. The air suspension alongside of a road-scanning camera allows the vehicle to adjust its height to avoid road imperfections.

Safety

The beautifully developed vehicle not only looks gorgeous, but has safety features that will make riders feel secure. The car has driver assistance technology, including night vision. It also includes a standard forward-collision warning with automated emergency braking, a standard lane departure warning with lane support, and a standard adaptive cruise control.

More safety features include blind-spot detection, information about speed limits, approaching pedestrians and preventing rear-end collisions. These components ensure all riders’ safety and have been designed by experts for reliability.

Ergonomics

The all-around aspects of the Rolls-Royce Cullinan combine to deliver the ultimate in comfort and efficiency. The V-12 engine uses 12 mpg when driving in the city and 20 mpg on the freeway. This exceeds the Bentley Bentayga and the Mercedes-AMG G63, both in the same category. With an 8-speed automatic transmission, driving at ease is this automobile’s responsibility. It has 571 horsepower at 5000 rpm and 627 lb-ft of torque at 1600 rpm. Not only is this vehicle designed with panache, but it has been constructed tactically to be capable and dynamic. Drivers will be enamored by this magic carpet ride while clawing to the road. A limited warranty that covers four years and unlimited mileage is included, so you never need to stress about upkeep.

Legacy

Embodying precision, this is a top for everyone who wants to drive a luxury SUV, no matter who you are. Celebrities like Kylie Jenner, Justin Bieber, Jennifer Lopez and 50 Cent were all seen cruising with the vehicle, proving this brand is supreme. From a young, savvy business person to a prosperous family with a toddler and a pooch, this lavish, well-rounded mode of transportation appeals to everyone.

Pre-order.

Rolls-Royce Photograph for 360 Magazine via Jeff Langlois
Rolls-Royce Photograph for 360 Magazine via Jeff Langlois
Rolls-Royce Photograph for 360 Magazine via Jeff Langlois

A Voice for the Forgotten Minority

If foundations fall short on equality for people with disabilities, Jennifer Laszlo Mizrahi puts them on the spot.
By Alex Daniels

A microphone in Jennifer Laszlo Mizrahi’s hands is a powerful weapon. At venues across the country, Mizrahi has used her strong, clear voice to ask foundation leaders variations of one simple question: Why aren’t people with disabilities included?

As large foundations have placed more muscle behind programs that promote equity in terms of race, wealth, gender identity, and sexual orientation, Mizrahi believes people with disabilities have been overlooked.

During question-and-answer sessions at major foundation gatherings, she is the first with her hand up, ready to put foundation leaders on the spot. Why isn’t a foundation’s website accessible to the blind? she’ll ask. Or why isn’t data on disabled voters included on a conference speaker’s chart of voting patterns among residents of rural areas, African-Americans, and young people?

The reason for the neglect, she says, is that disability groups have too often come to foundations looking for charity. That strategy is rooted in the idea that donors should take pity on people who are blind, have dwarfism, or are intellectually challenged, she says, rather than treating discrimination against them as a violation of their civil rights.

“The overall messages of the disability community caused us more harm than good,” she says. “The more they were repeated, the more harm was done.”

Through RespectAbility, an organization she co-founded five years ago, and through her own philanthropy, Mizrahi has pushed to eliminate stigmatization and to reduce barriers to employment for people with disabilities.

Sometimes her approach is direct, such as when she called Darren Walker, president of the Ford Foundation, a “hypocrite” in an email for not including disabilities in the grant maker’s shift to focus entirely on equity. After that, and with the input of lots of others in addition to Mizrahi, Walker issued a mea culpa and announced that Ford would work to address inequalities based on disability throughout all of its programs. Mizrahi now calls Ford’s response the “gold standard.”

Donn Weinberg, executive vice president of the Harry and Jeanette Weinberg Foundation and co-founder of RespectAbility, said Mizrahi is “fearless” in asking difficult questions of foundation honchos. When she’s able to get face-to-face with philanthropy executives at conferences, she seizes the opportunity to educate them about disability issues.

Private Consultations

Some nonprofit leaders grumble privately that Mizrahi sometimes claims credit for efforts that were already underway. And sometimes her questions come in the form of short lectures.

At a Philanthropy Roundtable conference in 2017, the group’s staff asked Weinberg, who also serves as Philanthropy Roundtable’s chairman, if he could persuade Mizrahi to tone down her rhetoric and get to the point. “She clearly wants people to hear a bit of commentary before the question,” he says. “She’s planting seeds of thought and bringing to people’s consciousness an issue they often don’t think about.”

But Mizrahi doesn’t see herself as a provocateur or a grandstander. She consults directly with nonprofit leaders to make sure their websites, grant applications, and program strategies benefit and are accessible to people with disabilities.

She’s created a set of guidelines and tools for organizations that want to gauge whether they are being inclusive. And she dispatches young professionals and students working as RespectAbility fellows to interview foundation employees about how they communicate with, employ, and benefit the disabled population.

“We try to call people aside and not call them out,” she insists, saying most of her work is done in private consultations with foundation leaders, not in the public spotlight. “I like to see myself as a partner, a facilitator, and a resource.”

Aaron Dorfman knows from experience.

Mizrahi said her annual-dues statement from Dorfman’s group, the National Committee for Responsive Philanthropy, sold the organization as a social-justice champion — but something was missing.

“They were very proud to send me a 12-page, single-spaced memo on diversity, equity, and inclusion,” she says. “The word ‘disability’ wasn’t in it.”

The two met for coffee to discuss the matter. Afterward, as the committee was preparing to release a guide for foundations interested in social justice, Dorfman asked Mizrahi to analyze a draft to make sure it adequately covered disability.

Dorfman said he welcomed the challenge. By putting foundation leaders on the spot at conferences, Mizrahi is helping philanthropy see its shortcomings and grow.

“There’s a certain amount of discomfort when you get called out, even if you get called out rightfully,” he says. “This culture of politeness doesn’t serve marginalized communities well. It’s all right to make someone feel uncomfortable in pursuit of full inclusion.”

Diversity Includes Disabled People

Some foundations recognize they need help. A survey of 205 foundation chief executives conducted by the Center for Effective Philanthropy found that most leaders thought their organization was staffed by people with a diversity of backgrounds and served a diverse set of beneficiaries in terms of race, gender, and sexual orientation. But over half said they fell short when it came to people with a disability.

The reason, according to Judy Belk, president of the California Wellness Foundation, is many people think the Americans With Disabilities Act, passed in 1990, cured injustices faced by disabled people.

The existence of handicapped parking places and curb cuts on street corners, Belk says, doesn’t mean all of the challenges have been addressed. Similarly, just because philanthropies have crafted strategies designed to ameliorate inequities doesn’t mean they’ve faithfully put them into practice.

For Belk, concentrating on disabilities could be a good way to achieve progress in some of the foundation’s existing programs, including efforts to improve oral health for low-income adults, prevent HIV/AIDS among women of color, and help women of color adjust to society after being incarcerated. All of the groups that stand to benefit from that work, Belk says, include a large proportion of people with disabilities.

To start, the California Wellness Foundation had RespectAbility audit its website. Mizrahi’s staff found that the grant maker’s web presence wasn’t an inviting place for everyone. Belk ordered a redo to make sure the site complied with content-accessibility guidelines.

“Foundations have diversity, equity, and inclusion statements up the wazoo,” she says. “They can show you a statement and say they’re committed. I’d like to push ourselves and hold ourselves accountable.”

Easy Improvements

Foundations have largely failed to incorporate disability into the programs they run and the data they collect, Mizrahi says. And she thinks nonprofits in general have fallen behind businesses and government agencies in accommodating people with disabilities. Though many organizations would like to make progress, they often fear it will cost a lot.

Many fixes aren’t expensive but require presence of mind. For instance, Mizrahi says, it’s free and easy to make Twitter and Facebook feeds accessible and put captions on YouTube videos. And avoiding meetings in places like church basements that aren’t accessible for people in wheelchairs requires the presence of mind to schedule gatherings elsewhere.

Mizrahi says she’d rather educate than scold, and help people understand that people with disabilities are productive team members.

“I don’t view every organization equally,” she said. “The Americans With Disabilities Act treats organizations differently based on size and budget, and so do I. If it’s a small, fragile organization with nobody on staff, I have very few expectations they’ll all of a sudden have a personal-care assistant for someone who is a quadriplegic and on oxygen in order to participate in their program.”

Nonprofits lack clear guidelines on the steps they should take to make their organizations more accessible, according to Michael Thatcher, president of Charity Navigator. Over the past year, he has been in discussions with Mizrahi about how to encourage charities to get started.

Master Problem-Solvers

The first step, Mizrahi says, is to help organizations understand what kind of contributions people with disabilities can make.

At a Capitol Hill conference that RespectAbility held in July, Vincenzo Piscopo, the director of community and stakeholder relations for the Coca-Cola Company, told the 200 attendees that people with disabilities are often accustomed to overcoming obstacles and are master problem- solvers. It’s incumbent on people with disabilities in the work force to serve as ambassadors, to help employers understand what they bring to the table.

“When companies have people with disabilities, they’re providing value to their company,” he told the gathered crowd. “They’re not doing charity.”

Stephanie Farfan is one of those ambassadors. Farfan, a little person who calls herself a “master Googler,” was looking for internships specially geared toward disability issues and found RespectAbility online. There weren’t a lot of other opportunities like it.

RespectAbility’s fellows program, which is supported by the Stanford and Joan Alexander and Ford foundations, allows students and young professionals to work in public policy and communications roles and in the organization’s foundation practice.

Before she came to Washington to attend graduate school in international studies at American University, Farfan worked in Florida with Little People of America. A fluent Spanish speaker, her volunteer work with Little People of America often involved talking with Hispanic parents of children with dwarfism.

Coming to RespectAbility, Farfan, who wants to pursue a career at the State Department, has spent much of her time delving into state laws and regulations on disability issues.

“Coming over to the policy side has given me a new perspective,” she says. “It’s rounded out my skill set.”

‘One Toe in the Water’

Mizrahi’s behind-the-scenes work has resulted in changes in foundation practices. In addition to the National Committee on Responsive Philanthropy and the Belk Foundation, she shared — on the condition that they not be named — emails from several grant makers showing they had incorporated RespectAbility’s suggestions into their website design and broader communication strategy.

While she’d like to keep those successes private, she’s not afraid of publicly criticizing foundations she thinks are lagging behind.

She slammed the Lumina Foundation for not specifically incorporating people with disabilities in its work-force development grants. She said the Bill & Melinda Gates Foundation provided little money to directly support disabilities and did not collect or disseminate data on the progress of students with disabilities in its domestic education work.

“I am deeply disturbed that Lumina and Gates aren’t doing dramatically more,” she says. “They are both sort of one toe in the water.”

In response, Lumina’s director of strategic communications, Kevin Corcoran, said that while there is “laudable” work being done to ensure people with disabilities succeed after high school, the foundation’s focus was on educational outcomes for students of color. The Gates Foundation said it has been making changes to address the issue, but it did not single out any one person who pushed for the revisions.

In October 2017, Gates “refreshed” its approach to education grant making. Since then, the foundation has said it has begun to disaggregate the data it collects so it can track students with disabilities, and it has begun to support programs to accommodate disabled charter-school students.

“We have already begun to fund research to help us understand how the foundation could best support success, engagement, and transitions for students with disabilities, and we plan to make the results of this research publicly available, via our grantees,” the foundation said in a statement.

An Advantage From Dyslexia

Activists have pushed foundations to recognize disabilities in the broader civil-rights context for decades. In the 1980s, Donors Forum, a collective of Illinois grant makers now known as Forefront, had a board meeting to discuss a survey on diversity it was going to send out to members.

Marca Bristo, who was a board member at the time, said there were no questions about disabilities. “They just plain forgot about it,” says Bristo, who is president of Access Living, a Chicago disability and housing advocate.

More recently, Bristo has noticed a desire among large foundations to learn more. Before the MacArthur Foundation awarded $100 million to Sesame Street Workshop and the International Rescue Committee last year as part of its 100&Change challenge, Bristo sat down with the foundation’s president Julia Stasch to figure out how to incorporate inclusion of people with disabilities into the award.

With Susan Sygall, a former MacArthur fellow and CEO of Mobility International, Bristo reviewed the contest’s eight semifinalists and developed a disability checklist that the applicants could use to assess their pitches.

“Leaders from the disability-rights movement have been working on these issues for years,” she wrote in an email to the Chronicle. “The work RespectAbility has focused on is critically important but not new. No one organization can do this transformational work alone. The intransigence of stigma, prejudice, and exclusion requires a sustained and collaborative effort by all of us.”

Before the winners were named, Mizrahi was instrumental in “amplifying” the work to include people with disabilities, according to Cecilia Conrad, who leads MacArthur’s 100&Change program. Mizrahi consulted with the foundation about what constitutes full inclusion and wrote opinion pieces that highlighted the role of inclusion in the award.

For Mizrahi, becoming an effective communicator didn’t come naturally. As someone with dyslexia, she didn’t begin reading until she was 12 and didn’t achieve functional literacy until two years later. After an early growth spurt, she reached her full, above average, adult height at a very early age. She seemed all grown up, but she was having a difficult time. Adults around her expressed their disappointment in her academic progress, calling her “lazy.”

Mizrahi responded to the challenge through intensive work on reading. She expertly honed her listening and speaking skills. Now, she says, when she enters any conversation or debate, her disability has given her a huge advantage.

“Having a disability means there’s something you can’t do in your everyday living. But there’s nothing in the world that says you can’t be the best in the world at something else.”

Abandoned New Zealand Town Needs to be on Your 2019 Bucket List

Everyone already knows New Zealand is The Place to go for walking in the wilderness, spectacular scenery and some really good grub. But there’s more to the Land of the Long White Cloud than just lakes and mountains. Jamestown, an eerie and abandoned South Island settlement off Martin’s Bay on the Hollyford Track, is proof-positive that New Zealand is a wealth of history with plenty of stories left to share.

Thanks to its position on the Tasman Sea, Jamestown has played host to both Māori people and gold rush prospectors – the latter of whom held high hopes for it to become the capital of South Island in the 1800s due to its considerably short distance from Australia. Māori communities thrived in the region for centuries, and evidence of their presence can be dated as far back as the 1600s, but in the late 19th century, colony settlers also moved their families to the isolated outpost with dreams of building a grand port city. Jamestown was not to be tamed, however, and the settlers fled just a decade later, overwhelmed by punishing coastal climate and extreme isolation from the rest of New Zealand’s still-developing civilization.

Today, travelers can see this failed settlement for themselves as part of New Zealand Walking Tours’ Elegant South trip, which takes visitors into the abandoned site on foot through the dense undergrowth of Podacarp Forest. Overgrown and barely distinguishable as a once-promising outpost, all that remains of Jamestown today are three apple trees, a plaque and a crumbling fireplace left by its former residents, but New Zealand Walking Tours’ guides have a trove of tales to tell on the trials and errors of fated Jamestown and its starry-eyed settlers. Now part of the UNESCO World Heritage site of the Fiordland National Park, Jamestown is a stark reminder of the harsh realities of early colonization in New Zealand’s untamed wilderness – and how quickly Mother Nature can reclaim what’s rightfully hers.

To find out more about incredible adventures throughout New Zealand, visit newzealandwalkingtours.com.

Randall Bell x “Me We Do Be”

Why do some people dive, some survive and others thrive? The answer, Randall Bell, Ph.D., reveals, is surprisingly simple: choices. 

 

Bell, a socio-economist and the CEO of Landmark Research Group, has developed an easy-to-follow formula for authentic growth and success based upon 25 years of behavioral research. 

 

In his book, Me We Do Be: The Four Cornerstones of Success, Bell masterfully interweaves stories from his consulting work on high-profile cases — including Chernobyl, the World Trade Center, and O.J. Simpson — with findings from behavioral studies and his own survey of 5,000 people to reveal the daily habits that can make or break both personal and professional growth and success. 

 

In Me We Do Be, Bell explains that all behaviors can be organized into four cornerstones: 

•    Me is quality thinking that builds wisdom.

•    We habits form quality relationships. 

•    Do actions build productivity.

•    Be designs the future. 

 

There is no one-size-fits-all definition of success. For some, it’s making money. For others it’s having a loving family, winning a competition, completing a degree or beating cancer. The power of Me We Do Be is that it connects all the dots and creates a fresh perspective for moving forward, allowing readers to define what success means to them as individuals, while sharing the foundational elements that apply to everyone. 

 

Previously, the author led a national practice at PricewaterhouseCoopers, the world’s largest consulting firm. He has consulted on hundreds of cases, including the Flight 93 Crash Site, the BP Oil Spill, Hurricane Katrina and the nuclear testing at Bikini Atoll. 

 

Often a guest of the media, Bell has been profiled in The Wall Street Journal, People magazine, The New York Times, the Chicago Tribune, the Los Angeles Times, CNN, World News Tonight with Diane Sawyer, 20/20, Entertainment Tonight and by newscasters on every major television network. 

 

Please see Dr. Bell in a recent appearance on The Today Show.

 

Robert G. Allen, New York Times Best-Selling Author of Creating Wealth: “A fascinating blend of personal anecdotes from Dr. Bell’s vast professional experience interspersed with powerful quotes, insights and a timeless list of valuable habits designed to improve any life. There are many golden nuggets in here.” 

 

Jeffrey W. Hayzlett, New York Times Best-Selling Author of The Mirror Test: “Some think that complex problems require complex solutions. This is not always true. The four cornerstones of Me We Do Be are a simple, effective way to ignite passion in any life or business!”

 

Steve Alten, New York Times Best-Selling Author: “Eye-opening … Randall Bell’s Me We Do Be is as inspiring as Napoleon Hill’s classic Think and Grow Rich.” 

 

Bob Proctor, Best-Selling Author of You Were Born Rich: “Me We Do Be shows how the little things we do can have a dramatic impact on our quality of life; it’s that one small adjustment that can make the difference between winning and losing. Read, learn and act on the great information provided in this book.” 

 

For more information on Randall Bell and his motivational book, please visit the website: www.drbell.com.

 

Available online and at fine bookstores everywhere.

THE ECONOMIST x OPEN FUTURE

The Economist, a leading source of analysis on international business and world affairs, today announced “Open Future”, an editorially driven initiative (www.economist.com/openfuture) which aims to remake the case for The Economist’s founding principles of classical British liberalism which are being challenged from all sides in the current political climate of populism and authoritarianism.

“Although the world has changed dramatically since James Wilson founded The Economist to fight against the Corn Laws, the liberalism we have championed since 1843 is as important and relevant as ever,” said Zanny Minton Beddoes, editor-in-chief, The Economist.  “Yet the core tenets of that liberalism—faith in free markets and open societies—face greater resistance today than they have for many years. From globalization to free speech, basic elements of the liberal credo are assailed from right and left.”

Content for Open Future will be developed and organised around five themes: Open Society (diversity, and individual rights versus group rights); Open Borders (migration); Open Markets (trade, markets, taxes and welfare reform); Open Ideas (free speech); and Open Progress (the impact and regulation of technology). In addition to content from The Economist editorial staff, the Open Future hub will feature commentary from outside contributors, including from those with dissenting points of view.

The initiative launches with a debate between Larry Summers and Evan Smith about no-platforming and free speech at universities. Mr Summers is the Charles W. Eliot University Professor and President Emeritus at Harvard University. He served as Secretary of the Treasury for President Clinton and as the Director of the National Economic Council for President Barack Obama. Evan Smith is a Research Fellow in history at Flinders University in Adelaide, Australia and is writing a book on the history of no-platforming.

A special report on the future of liberalism written by editor-in-chief Zanny Minton Beddoes will appear in the newspaper’s 175th anniversary edition dated September 15th. And on that Saturday, the newspaper will host the Open Future Festival, to be held simultaneously in Hong Kong, London and New York. There will also be an Open Future essay contest for young people; surveys and other data visualizations; podcasts; social-media programs and new video from Economist Films.

Frances Dewing 

In light of the Equifax, Yahoo and NFL cyber attacks, the importance of cyber security is more evident than ever. But what can cyber firms do to keep innovating and stay ahead of attacks? 

According to Rubica, the answer is diversity. A full-service cyber security firm whose client roster includes celebrities, start-up founders, bankers and other wealthy elite, Rubica understands the need to stay ahead of the curve. 

Chief Operating Officer Frances Dewing, a Washington State attorney with years of experience in the cyber security and security industries, knows that since Rubica is at the cutting edge of cyber security, they have to innovate constantly and think outside the box. 

Below, Frances explains how diversity plays a part in the company’s growth:

  • If Rubica isn’t creatively solving problems, they’re always going to be behind in terms of cyber criminals
  • Diversity is an imperative for innovation – in offering unique perspectives, challenging status quo, and expanding problem solving in new dimensions
  • The very institution of the tech industry has a lack of diversity built-in; and if companies don’t intentionally look for that and challenge it, the problem won’t be fixed 

Rubica looks at a number of factors when hiring, from skills, experience and collaborative abilities, but one of the core aspects desirable in candidates is adding a diverse perspective to the team.  
In a time when cyber criminals are constantly coming up with new ways to attack and hide from the authorities, a fresh point of view is necessary for cyber security firms.

Frances Dewing runs Rubica’s core operations teams, including cyber operations, customer support, finance, legal and human resources. Formerly COO of Concentric Advisors, a consultancy specializing in cyber and physical security for some of the world’s most high-profile figures, Frances was instrumental in building Concentric’s business in Seattle and Silicon Valley. Frances is a Washington State attorney with a JD from the University of Washington.