Investing in Walkable Communities Saves Cities Money

Having multiple forms of transportation improves how people navigate the world. When people are provided with mobility options they will more likely leave behind a car. It turns out that not only is that good for people it’s also good for the finances of cities. If you’re sick of high taxes then start electing politicians that want to get rid of monolithic car culture.

Investing in walkable cities, whether through allocating funds to repaint pedestrian walkways or building affordable housing close to downtowns, also attracts diverse populations and creates jobs. According to the Chicago Metropolitan Agency for Planning, 63 percent of millennials and 42 percent of boomers would like to live in a place where they don’t need a car. And according to the National Association of Realtors, 62 percent of millennials prefer to live in a walkable community where a car is optional. If cities seem less automobile-dependent, chances are they are more appealing to a range of ages.

Walking also costs the city very little, unlike cars and even public transit. According to Speck’s book, if a resident takes a bus ride, it may cost them $1 but costs the city $1.50 in bus operation. If a resident decides to drive, it costs the city $9.20 in services like policing and ambulances. When a resident walks, the cost to the city is a penny.

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Even More Research that Raising Minimum Wage is Good for Everyone

happy workers in a factory

Haters keep telling us that minimum wage is too high, which is really saying they would love free labour for private profits. Those haters are also not thinking about the economy at large. A new, massive, study on the impact of minimum wage concludes that minimum wage increases help people who aren’t currently being paid enough and that the benefits to that group cascade upwards on the economic ladder. Trickle down economics is a clear failure and trickle up economics looks rather effective!

The study is indeed impressive. Census researchers Kevin Rinz and John Voorheis used data from the bureau’s Annual Social and Economic Supplement, which surveys more than 75,000 households. The authors then link this data with administrative filings from the Social Security Administration on wages and track the changes between 1991 and 2013. The study stands out for covering such a large number of people over such an extended period.

“[R]aising the minimum wage increases earnings growth at the bottom of the distribution, and those effects persist and indeed grow in magnitude over several years,” the authors write. At the same time, there’s little indication that other people will lose their jobs as a result of the minimum wage—the outcome conservatives always warn about.

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Here’s an Optimistic Savings Chart

Retirement grid

Retirement is a dream too far away for people to think about. We’re all really bad at thinking about the future and we often don’t want to think about money. Four Pillar Freedom put together the early retirement grid to address these concerns, and indeed retirement is something you can achieve. As with most issues in our society you can start making a positive impact on the world by buying less and reusing things more.

The sweet spot of the grid is found in the line of light yellow and green squares that cut through the middle. Each of those squares is in the 16 to 28 years range. They represent how many years you would need to work if you saved between 30% and 50% of your after-tax income. For many people, saving that much is a tough but realistic goal.

Considering the average person works for over 40 years, getting that number down to 28 is no small feat! That represents 12 extra years of your life where you get to do what you want, when you want, on your own terms.

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African Development Bank is Going Green

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Banks have a reputation for being too greedy for the good of anyone outside themselves; however, some banks are thinking in the long term. The African Development Bank has announced a partnership with Green Climate Fund to push renewable energy and resilient systems. They figure that Africa is the best part of the world to achieve a sustainable economy because of the increasing investment in the continent and the ability to ‘leap frog’ older energy technology.

Together with the Green Climate Fund, we can do a lot to move the continent towards low-carbon and climate-resilient development.”

Approved as a GCF Accredited Entity in March 2016, AfDB is working on a series of mitigation and adaptation initiatives at the national and regional levels designed to enhance African countries’ access to GCF resources.

GCF Executive Director, Howard Bamsey said GCF’s partnership with AfDB will be key in unlocking the potential across the African continent to pursue climate resilient and low-emission growth.

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Use a Bot to Make Ethical Investments

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money

A new company, OpenInvest, wants you to use its bots to make your monetary life more ethical. A very popular way to invest in the market is to use index funds, which are a smorgasbord of stocks which will hopefully rise with the stock market as a whole. Most people don’t control what’s in their index fund because it’s managed by a large firm. However, OpenInvest (and others) want you to design your own index fund based on your morals. The fund is created by answering questions and proclaiming what you don’t want to invest in (like arms or mining). The service is only available in the USA at the moment so let’s hope that competitors pop up proving ethical investing like this.

But instead of buying stocks through index funds, as the other robos do, OpenInvest uses individual stocks. Users click through a series of menus to create an “issue profile,” checking boxes to select investment themes—such as gender equality or reduced carbon emissions—as well as groups of companies to exclude. The preset screens lean left. Users can nix weapons manufacturers, tobacco companies, and even those whose executives have backed Donald Trump.

Based on those preferences, OpenInvest creates a basket of more than 60 stocks that both jibes with its customers’ wishes and should, the company says, track the broader market. It balances factors such as size, sector, and each stock’s sensitivity to the market’s ups and downs. OpenInvest says it’s still passive because beating the market isn’t a goal.

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