Posts by Bernice Napach
- Daily Ticker1 day ago
Josh Ruxin has found heaven in Rwanda. That's the name of the restaurant Ruxin and his wife opened in the hills of Kigali more than a decade after genocide destroyed hundreds of thousands of lives there. (Kigali is the capital of Rwanda). Ruxin was in Rwanda working on one of Jeffrey Sachs' Millennium Villages-- which are dedicated to ending extreme poverty, hunger and preventable diseases -- and his own Health Builders program there.
His wife, who had been volunteering at a local orphanage, realized the only way to reduce poverty in Rwanda was to create jobs. She planned on opening a simple cafe but once investors got involved she decided to open a gourmet restaurant instead -- one that could provide hospitality training as well as good-paying jobs.
Heaven can accommodate up to 200 diners, employs about three dozen people and serves locally grown food.
- Daily Ticker2 days ago
2013 is turning out to be big year for controversies about the food we cultivate and consume, and that trend is expected to continue into the new year. Tamar Haspel, who writes the "Unearthed" column for the Washington Post, joined The Daily Ticker's Aaron Task to discuss the biggest food stories. The War on Sugary Drinks. It's Complicated. More than a year ago New York City Mayor Michael Bloomberg banned the sale of most sugary drinks bigger than 16 ounces, but the New York State Supreme Courtreversed the ban calling it "arbitrary and capricious." Haspel tells The Daily Ticker that despite the court's decision the prominence of this issue in the media "is helping to reduce sugar consumption." And she expects more elected officials and public health advocates to join the fight. Mexico has already proposed a ban similar to Mayor Bloomberg's. The Farm Bill. Also complicated.
- Daily Ticker3 days ago
Every year around this time Sydney Finkelstein, professor of management and an associate dean at Dartmouth’s Tuck School of Business, produces his list of the Worst CEOs of the year. For the first time this year he's also adding a best list.
Related: The Worst CEOs of 2013
On Finkelstein's best CEO list: Jeff Bezos of Amazon (AMZN); Pony Ma of Tencent (TCEHY), John Idol of Michael Kors (KORS), Reed Hastings of Netflix (NFLX)and Akio Toyoda of Toyota (TM). He explains his picks in the video above and highlights below, and we've added some of our own analysis as well.
- Daily Ticker4 days ago
The best CEOs grow profits and market share, but those hired to transform a failing company have an even bigger job. When a CEO fails to turn a floundering company around they risk losing their jobs, which is exactly what happened to Ron Johnson, former CEO of J.C. Penney(JCP) and Thorsten Heins, former CEO of BlackBerry (BBRY).
- Daily Ticker7 days ago
Nariman Behravesh, chief economist at IHS, a global economic research firm, nailed nine of his 10 predictions for the economy in 2013. So, of course, we wanted to get his outlook for the coming year, which has a notably upbeat tone. "What we're going to see going into 2014 is that the numbers will progressively get better," Behravesh tells The Daily Ticker. "And we could see some upside surprises especially in the U.S. but also Germany and China." In his Top 10 Predictions for 2014, Behravesh is forecasting 2.6% GDP growth in the U.S. -- vs. 1.7% for all of 2013--largely because of the strength of the U.S. consumer.
- Daily Ticker8 days ago
If all goes according to the plan conceived by Senator Patty Murray (D-WA) and Representative Paul Ryan (R-WI), the co-chairs of the bipartisan budget conference committee, Congress will approve their budget deal and the government won't shut down again like it did for 16 days in October. Thebudget dealrestores much of the planned spending cuts, known as sequestration, leaving the military budget largely intact. Defense spending would total $520.5 billion this fiscal year--or 52% of the discretionary budget--while domestic programs would get $491.8 billion. Related: Want to Cut Government Waste? Find the $8.5 Trillion the Pentagon Can't Account For
- Daily Ticker14 days ago
It's common knowledge the U.S. tax code penalizes married couples with two working partners, whether they file jointly or separately. Less understood is there's a similar 'marriage penalty'also built into the Affordable Care Act. "It's easy now to make yourself significantly worse off if the government thinks you're married than if they think you're not," says Kevin Hassett,director of economic policy studies at AEI. Related: Obamacare's Unintended Losers
- Daily Ticker15 days ago
More good news about the economy this week: Third quarter GDP grew 3.6% -- the fastest rate in a year and half -- and the November unemployment rate fell to 7%--the lowest in five years.
But if you dig deeper into those numbers and superimpose them against the backdrop of the actual job market, they're not nearly as impressive. The GDP gain was largely due to buildup in inventories, the unemployment rate is still high several years into an economic recovery and the percentage of workers participating in the job market -- working or looking for work -- has been declining steadily. Add to that the impact of the recent 16-day government shutdown and a possible second round of sequester budget cuts -- if Democrats and Republicans fail once again to agree to a budget deal that could avoid them -- and it's not a pretty picture.
- Daily Ticker16 days ago
If the future success of the Affordable Care Act (aka Obamacare) rests largely with the number of young people who sign up--and there's little doubt that it does--then there may finally be some good news for the new health insurance program.
"The Affordable Care Act is growing on them," even as more people have become more negative about Obamacare, according to thelatest Bankrate.com health insurance survey released Tuesday.
Bankrate.com, a consumer financial website, also found that among all the groups it surveys regularly about Obamacare, 18- to 29-years-olds "were the most likely to say that their health insurance situation is improving" as well as their ability to pay for medical expenses.