A lot of people think poverty in the U.S. means not being able to eat out that much or take that many family vacations. In reality, it means sharing one bedroom with four family members, or sleeping out of your car. It means buying fast food at drive-thrus on your way from one job to the next. It means prioritizing calories over nutrition when shopping for groceries because you can't afford both. It means that a $10 movie ticket is out of the question, and you wouldn't have the time anyway. It means no health insurance, so you better hope that the body you're running into the ground through manual labor and a poor diet doesn't quit on you. Don't ignore this need just because it's less exotic than working in a slum in Nairobi or the countryside in the Philippines. And lest we forget that we're business students -- where there's a huge need, there's a huge market.
If you know me well, you also know that I wake up every morning, excited to start the day with a much-needed, wonderful cup of coffee. I can barely function without it! Yet it wasn't until recently that I began to think about the small-holder farmer that works around the clock to make sure I can drink that cup every morning. Meet small-holder farmer Don Mario.
In my pre-GSB life, I worked for an investment firm in Boston, managing middle market private debt and equity investments. Three weeks ago, I shipped off to rural Bhutan to spend my summer working on operations and finance for an agricultural early stage venture. My goal: deepen my operational and managerial tool kit within a very tough professional and personal environment. This has been quite a change indeed …
The pace of summer sometimes slows to permit more time to dive into a good book and refresh our thinking about issues that matter to us. This year I’ve polled a number of friends and colleagues to share some favorite reads, both newly published and bookshelf favorites. The titles cover a grab bag of topics, all relevant in some way to our mission to create a more just, sustainable and prosperous world.
Over the past five months I’ve worked in Yangon and explored the city center, industrial zones, towns and villages. I’ve spoken with business owners, investors, and business intermediary organizations, government policy and aid agencies, and local and international nonprofits. You might think I’d have a clear sense of what is going on here, where opportunities are, and the path the country should take moving forward. I do have a more complete understanding of Myanmar than when I arrived, but I am also more aware of how many layers there are to any "truth" in this rapidly changing country.
What has happened to the American Dream – the idea that freedoms granted in the U.S. provide opportunities to prosper, succeed, and move up the socioeconomic ladder through hard work? The reality is that initiative and effort are often not enough to get Americans out of the traps of poverty, and that the gap between the haves and the have-nots continues to widen. In an interview with Steve Zuckerman, MBA ’87, and Managing Director of Self–Help’s California operations, he revealed insights specific to financial challenges and solutions for the poor and underserved.
It’s a fact: global temperatures are warmer than at any time in the past 4,000 years –– the result of human activities releasing large quantities of carbon dioxide in the atmosphere. Given existing technology to reduce our carbon footprint, why aren’t we seeing bolder action to remedy the issue at home and abroad?
Knight Management Center was eerily quiet and empty; not only was it Saturday morning, but it was the first day of a three-day weekend. Most of our friends were out of town, celebrating the mini-holiday. The five of us, meanwhile, had rendezvoused in front of Schwab Residential Center to carpool down the 101 to the Google campus. Our destination: The 2013 Intersection Event.
Greetings from Myanmar! After 50 years of isolation the country is now at a pivotal moment in time, entering a new era of international relations, development, and potential progress. In November 2010, Aung San Suu Kyi was released from house arrest, laying the foundation for political changes. Following Parliament’s 2011 selection of U Thein Sein as president, the country has begun to open up and ushered in myriad reforms. In May 2012, the Obama administration lifted most prohibitions on Americans doing business in Myanmar, marking a new era of diplomatic relations with the United States.
In this quarter’s column, we explore giving the gift of our time to others. It’s a fact that most Americans are feeling more time-constrained than ever. With waking hours largely consumed by work, precious minutes remain for the daily list of to-dos, including exercise, cleaning, and socializing with friends and family. For some, time has become an even more valuable resource than money.