By Reuters Staff
1 Min Read
March 5 (Reuters) - A sharp recent rise in bond yields mostly reflects expectations for stronger economic growth ahead, Cleveland Federal Reserve Bank President Loretta Mester said on Friday, but “we are still very far from our goals” of full employment and price stability.
The U.S. recovery needs to become broader-based and sustainable, she told CNN International. “From my point of view on policy, I think that’s going to take sustained accommodation from the Fed for some time,” she said. (Reporting by Ann Saphir; Editing by Leslie Adler)
Living Cities Announces Capital Investment in Mission Driven Finance To Increase Access to Growth Capital and Support For Social Impact Small Businesses and Nonprofits
With the investment in Mission Driven Finance, Living Cities Blended Catalyst Fund (BCF) will help close capital gaps to close opportunity gaps
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NEW YORK, March 2, 2021 /PRNewswire/ Today, Living Cities Blended Catalyst Fund (BCF) announces a $2 million commitment to Advance, a regional, inclusive place-based fund managed by impact investment firm Mission Driven Finance.
The San Diego-based firm, co-founded by David Lynn and Lauren Grattan, works to close capital gaps in order to close opportunity gaps. Mission Driven Finance s place-based strategies invest in small businesses, social enterprises, and nonprofits that deliver critical services, create paths to quality jobs, and lead inclusive economic development.
All the city news you can use. By Jeff Wood - Feb 27th, 2021 04:49 pm //end headline wrapper ?>U-Haul truck. Photo by Robert Couse-Baker. (CC BY 2.0)
Every day at The Overhead Wire we sort through over 1,500 news items about cities and share the best ones with our email list. At the end of the week, we take some of the most popular stories and share them with Urban Milwaukee readers. They are national (or international) links, sometimes entertaining and sometimes absurd, but hopefully useful.
Cities shrinking because nobody’s moving in: In 2020, the number of people who left cities was not significantly higher than previous years. The number of people moving in, however, did drop almost twice as much as the size of departures according to research from the Cleveland Federal Reserve Bank. To fix this, policy should all be in service of targeting the inhabitants who have not yet arrived. (
In shrinking cities, there’s no mass exodus just a lack of new residents. Smart city tech companies and cities have trouble getting along. Meet me for coffee in the parking space out front.
A one-way road out of cities: In 2020, the number of people who left cities was not significantly higher than previous years. The number of people moving in, however, did drop almost twice as much as the size of departures according to research from the Cleveland Federal Reserve Bank. To fix this, policies should target those who have not yet arrived. (Henry Grabar | Slate)
Replica and Portland part ways: A Google-linked smart city data platform called Replica and Portland Metro in Oregon parted ways due to disagreements over transparency and shared data. Replica, born out of Alphabet’s Sidewalk Labs, was hailed as a potentially groundbreaking digital tool to track travel demand. The disagreement shows how hard it is for private companies and public agencies to get on the same page when th
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