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Monthly Archives: February 2021
Strategists see more stock market gains through the end of the year – Yahoo Finance
Posted: February 18, 2021 at 2:16 pm
The first month of the new year has not even ended yet, and Wall Street firms are already building a case for stocks to rise even further this year.
With the composition of the government now confirmed and Democratic lawmakers in control of both the U.S. House of Representatives and Senate, strategists are preparing to see more fiscal stimulus boost consumer spending, the economy and corporate profits in the coming months. This is set to lay the groundwork for a strong recovery once the vaccine rollout reaches much of the population, many have said.
Still, these risk-on catalysts will likely come alongside some opposing forces, including rising interest rates and the specter of a less accommodative Federal Reserve and higher corporate taxes as the economy emerges from the pandemic.
But on net, with all these factors in mind, a number of strategists suggested stocks will rise even more strongly this year than they believed at the end of 2020.
Heres what some Wall Street strategists are now expecting for the U.S. stock market this year.
Goldman Sachs raised its S&P 500 earnings outlook this month, citing an unexpected bump higher in corporate earnings results as companies rebounded faster than expected from pandemic-related disruptions.
"Analysts expected 4Q S&P 500 EPS would fall by 11%, but results showed +2% year/year growth," the strategists led by David Kostin said in a note published Feb. 12. "We raise our S&P 500 2021 EPS estimate 2% to $181 (from $178), reflecting higher sales and profit margins that should overcome input cost pressure due to high operating leverage."
Despite the improved earnings outlook for this year, Goldman Sachs left its S&P 500 price target at 4,300, implying 9.3% upside from the index's record close on Feb. 12.
Fiscal stimulus will likely comprise the next catalyst for U.S. equities, Kostin added, as lawmakers in Washington work toward another robust round of virus relief measures that would stoke consumer spending and further boost corporate profits.
Story continues
"Many investors believe the spending boost will lead to higher inflation and interest rates, which would reduce the value of equity duration and increase the importance of near-term growth," Kostin said. "Fiscal stimulus should support consumer-facing cyclicals and our High Operating Leverage and Low Labor Cost baskets."
The firm highlighted a number of cyclical stocks that appeared appealing due to correlations with consumer spending and strong earnings growth over the past year, including Whirlpool, Charles Schwab, 3M and Facebook.
Updated EPS target as of Feb. 12, 2021, following a prior update on Jan. 8, 2021
RBC Capital Markets released its initial year-end outlook for U.S. equities on Jan. 20. In this, RBC said it expected the S&P 500 would ultimately end the year at 4,100, implying upside of 9% from closing prices on Jan. 19. One of the key drivers of the rise will come amid the expected economic reopening, with RBC estimating real gross domestic product will grow 5% in 2021.
Before ending the year higher, however, stocks are likely to endure a pullback as traders take a pause after 2020s 16% rally and extended gains so far this year.
While we expect 2021 will be a solid year, it comes with risk. We anticipate a period of consolidation, most lik
ely in the first half, the strategists led by Lori Calvasina said in a note.
The drop could come as a mid-single digit decline from the indexs recent record highs, taking the S&P 500 down to about 3,600, the firm said. But it could also be an as much as mid-teens correction that pulls the index back down to approximately 3,200, it added.
Our positioning/sentiment analysis suggests a pullback could start any time, but could also take a few more weeks/months to materialize, Calvasina said. Ultimately, 2021 price action will reflect 2022s fundamentals. Longer-term risks to the market and our bullish full-year view include higher corporate taxes, Tech/Internet regulation, a less accommodative Fed, and the virus/vaccine backdrop.
S&P 500 price target initiated Jan. 20, 2021
Credit Suisse raised both its S&P 500 price and earnings per share targets for 2021 this month, also in anticipation of additional fiscal stimulus. The firm raised its price target on the S&P 500 to 4,200, up from the 4,050 it saw at the end of last year, with the revised outlook representing about 10.6% upside from closing prices on Jan. 19. Credit Suisse now sees S&P 500 aggregate earnings per share growing by 25% over last year to $175 in 2021, up from the $168 seen previously.
Democrats picked up both Georgia Senate seats, paving the way for Biden to implement his agenda more broadly, Credit Suisse strategist Jonathan Golub said in a note. This should result in additional stimulus, including the expansion of payments to individuals.
While the timeline for vaccination rollouts has proven underwhelming, the likely avalanche of pent-up consumer demand cannot be ignored, he added. Any additional stimulus will further fan these flames.
Unlike some other strategists, however, Golub said he does not anticipate more progressive policies on taxes or regulatory issues that might disrupt technology, health care, financials, energy or the market more broadly despite the Democratic control of each of the White House, Senate and House of Representatives.
Given the assumptions for more stimulus, Credit Suisse upgraded pro-cyclicals including the consumer discretionary sector excluding internet retailers industrials, materials and energy to Overweight. The firm also downgraded the major sector outperformers of 2020 including information technology, communications and internet retail to Market Weight. Financials and health care companies remained the firms highest conviction Overweight calls.
Updated S&P 500 price target as of Jan. 7, 2021
Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck
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Launch of Beat the Streets New England Extends Youth Wrestling Engagement to New Communities – Business Wire
Posted: at 2:15 pm
BOSTON--(BUSINESS WIRE)--Beat the Streets (Providence) and Boston Youth Wrestling today announced a merger to form Beat the Streets New England (BTSNE), a coalition making history as the nations first regional youth wrestling organization. By expanding its reach to the greater New England region, BTSNE will establish new community based regional training centers, collaborate with more schools, engage additional stakeholders and partners, host regional fundraising campaigns, and empower more communities by serving the needs of a broader population of youth wrestlers.
Beat the Streets delivers youth wrestling programs to underserved communities, helping students develop a goal-oriented mindset through on the mat training that translates into off the mat life skills. Its programs are designed to encourage a desire for excellence, respect, teamwork, leadership, integrity, and perseverance through the instruction of quality wrestling programs. Coupled with off the mat resources to develop students full academic potential, these programs open doors to prestigious universities for a diverse group of young women and men.
Wrestling creates leaders. These kids become leaders and thats transformative. Having someone who believes in you at the right point of your life is transformative, which is where our mentors come in, said Billy Watterson, Founder of Beat the Streets Providence and Co-founder of BTSNE. Realizing our goal is to grow the community together with more mentors and leaders, the question we had to answer was, how do we best create a community that supports each other? Thats how BTSNE was born.
As part of the merger, BTSNE has announced its appointment of Bior Guigni as Chief Executive Officer. A Connecticut native with strong roots in the New England wrestling community, Guigni serves as the USA Wrestling Chairperson for the State of Massachusetts and the President of the Massachusetts Wrestling Association. She previously served as Executive Director of Boston Youth Wrestling and interim Executive Director of Beat the Streets Providence. In this new role, Guigni will be the first female wrestler and woman of color to take the helm of this sports-based youth development regional organization.
Nationally, the nine existing Beat the Streets organizations have served communities individually nationwide, impacting over 7,366 youth and 208 teams through wrestling based youth development, said Guigni. BTSNE is the flagship regional model for Beat the Streets National that will serve several new cities within New England. By merging the founding programs in Boston and Providence, we hope to grow opportunities throughout New England for wrestling-based youth development with intentional programming and mentoring. Together we are uniting wrestling in our region and building a sustainable foundation for our youth to grow all over New England - from Boston and Providence to Hartford, Worcester, Springfield, and more.
Wrestling continues to be the fastest growing sport nationally for girls both at the high school and collegiate level. According to Transition Wrestling, there are a total of 86 womens collegiate programs across 30 states and Canada amongst NAIA, NCAA, and NJCAA institutions as of June 2020. Spanning 27 sites, BTS Providence and Boston Youth Wrestling completed 500,000 hours of youth engagement and 200,000 hours of trainer development last season. Since the start of Covid, BTSNE has distributed 25,000 meals amongst participating youth families. BTSNE is looking to raise $750,000 for its programs in 2021 and expects to raise $3.5 million over the next four years.
For all the sports popularity, wrestling has remained a tight-knit community, said Jos Valenzuela, Founder of Boston Youth Wrestling and Co-founder of BTSNE. I met Billy early on, when he started the BTS program in Providence. We realized our wrestlers could compete even while our coaching staff groups could work together. We would come together on the mat. What Im most excited about is the potential of BTSNE when you think about the future. I truly believe bringing the BTSNE model to other New England cities will have the potential to help create a lot of good and assist in providing more opportunities to kids than our organizations had separately.
As BTSNE launches, it is also expanding its Board of Directors, headed by Chair Craig Powell, a former Brown University wrestler and current CEO of mobile workforce management company Motus. Additional board members include Co-Founders Jose Valenzuela of Boston Youth Wrestling and Billy Watterson of Beat the Streets Providence. The remainder of the board is made up of founding Boston and Providence board members: Kevin McCarthy, treasurer; Vince Domestico, secretary; and Joe Mocco and Nic Miragliuolo both board members at large.
Ive seen the powerful impact that sports and wrestling in particular can have on someones life and personal confidence. And not just on the mat the lessons learned by betting on oneself bring perspective to an individuals confidence, grit and determination to achieve success in life, said Powell. This merger will enable BTSNE to bring those valuable teachings and the organizations proven impact to at-risk youth across a much broader footprint of the Northeast; starting with Boston and Providence. At this time, these critical lessons have never been more important, so we could not be more excited to see this extended reach manifest itself in several incredible ways as these young wrestlers, girls and boys, learn and grow.
For more information or to donate to Beat the Streets New England, please visit btsne.org
About Beat the Streets New England
Beat the Streets New England (BTSNE) utilizes the sport of wrestling to provide opportunities for our youth to discover their full potential by building relationships with themselves, their team, and their community. The organization is uniting wrestling and building a sustainable foundation for youth to grow all over New England - from Boston and Providence to Hartford, Worcester, Springfield, and beyond. Learn more at https://www.btsne.org.
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Demanding ‘Dignified Work and a Living Wage’ as Legal Rights, Ayanna Pressley Unveils Jobs Guarantee Resolution – Common Dreams
Posted: at 2:15 pm
With the backing of civil rights organizations, labor unions, and economic experts, Congresswoman Ayanna Pressley on Thursday morning unveiled a jobs guarantee resolution demanding that "meaningful, dignified work" at a livable wage be made an enforceable legal right in the United States.
Presenting her resolution as an effort to build on the work of generations of civil rights leaders who have connected the cause of racial justice with the fight for full employment, Pressley said in a statement Thursday that "it's long past time to pursue bold, intentional policies that affirm equity and recognize the dignity and humanity of all people"an objective that requires sweeping legislative action, not mere tinkering by the Federal Reserve.
"A federal job guarantee is an important investment in the American people, our communities, and an equitable economy that works for all. It affirms the right to meaningful, dignified work and a living wage." Rep. Ayanna Pressley
"It's time to establish a legal right to a job for all people in America," said the Massachusetts Democrat. "A federal job guarantee is an important investment in the American people, our communities, and an equitable economy that works for all. It affirms the right to meaningful, dignified work and a living wage."
The 16-page resolution (pdf), introduced amid widespread economic dislocation caused by the coronavirus pandemic, invokes as inspiration the 1963 March on Washington for Jobs and Freedom, which placed the right to employment and decent pay at the heart of the civil rights struggle.
"What is the value of winning access to public accommodations for those who lack money to use them?" Bayard Rustin, the principal organizer of the march, asked in 1965. "The minute the movement faced this question, it was compelled to expand its vision beyond race relations to economic relations."
Pressley's resolution goes on to cite the legacy of Coretta Scott Kingthe wife of Martin Luther King, Jr.who "led a grassroots movement to enact a job guarantee," as well as President Franklin Delano Roosevelt's 1944 Economic Bill of Rights, which included "the right to a useful and remunerative job" among its slate of demands.
"These leaders all built on and advanced the work of earlier pioneers like Sadie T.M. Alexander, the nation's first Black economist, who advocated a job guarantee to address racial discrimination against Black workers, while improving labor market conditions for all workers in the 1940s; and... throughout the past 100 years, activists and intellectuals like Ella Baker and the Mississippi Freedom Democratic Party have all seen a federal job guarantee as a key element of racial justice," the resolution states.
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In a statement endorsing Pressley's proposal, Sunrise Movement executive director Varshini Prakash called the resolution "a step towards a brighter future for young people, working people, and for people of color" and "a vital leap towards what's needed for a Green New Deal."
"Congresswoman Pressley's resolution is an opportunity for our country to step up and invest in its people, rather than big corporations and fossil fuel CEOs," Prakash added.
According to a summary (pdf) released by Pressley's office, the resolution calls for a permanent jobs program that would be administered by the Department of Labor in partnership with the Treasury Secretary.
"The Secretary of Labor would direct Treasury funds to local Employment Offices to manage job guarantee projects and match job seekers to projects, as well as cover any related capital and administrative costs," the summary states.
Jobs created under the new federal program, according to Pressley's office, would be geared toward:
"At a time when 28 percent of full-time workers earn less than $15 per hour,a job guarantee would set a new standard for quality jobs, pressuring low-wage employers to increase wages and benefits," the summary reads.
"By hiring workers in the midst of a downturn," the document continues, "a permanent job guarantee would operate as an automatic stabilizer, maintaining consumer spending and protecting us from prolonged recessions and jobless recoveriesmaking the economy more resilient as well as more inclusive."
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Regions’ Analyst on Closing the Racial Wealth Disparity Gap – Birmingham Times
Posted: at 2:15 pm
ByLaura Anderson
Creating inclusive prosperity should be a critical concentration for financial institutions. And that starts with bankers, who are the backbone to strengthening relationships between their institutions and underserved consumers.
As the world has moved forward with fast-developing technology, discrimination, bias and poverty continue to affect minorities in the country, particularly those in low-income areas.
In many of these struggling communities, payday lenders, pawnshops, vehicle title lenders, or check-cashing companies exist on nearly every corner. While some of these businesses can serve a purpose, their products and services can also be dangerous for low-income workers or those who are unemployed, credit-challenged, or less educated.
There are numerous instances where a company has essentially trapped someone in a cycle of debt, charging excessive fees on transactions or high interest rates on loans or engaging in asset-based lending or equity stripping that may meet an immediate need but is unhealthy for someone trying to build sustainable wealth.
People within banks can lead the way in creating solutions for minorities to establish an enduring financial legacy. Bankers can develop and promote free, high-quality financial education programs and advocate for low-cost checking and savings accounts that are backed by easy-to-understand consumer protections. And the mainstream banking system is a prime place to develop more products and services aimed at the financial wellbeing of minorities because banks already comply with more consumer protections. So, bankers should have a better understanding of what protected classes need.
Volunteering to teach financial education, working with nonprofits and government agencies, and engaging young students are investments made by people in the banking system that benefit consumers and financial institutions.
And it is important to remember that low-income does not equal uneducated. There are populations in underserved communities who have degrees or certificates from colleges, universities, and trade or vocational schools. They are all striving to mold their income into wealth while competing in the job market. In turn, banks must be intentional with their hiring goals, offering a wide range of job opportunities, competitive salaries, healthcare options, retirement savings plans and employee financial education programs to attract a diverse workforce.
Recruiters, interviewers and hiring managers must also agree and understand that: Biases and hurdles exist for diverse candidates; bank associates must be educated about discrimination, prejudices and racism; and consistent and strategic initiatives are necessary to eliminate barriers to employment.
As a Black girl who grew up in a low-income area, I saw families around me struggle. No matter the amount of income they acquired, translating their income into wealth was challenging.
My mother retired from a financial institution after 22 years and never owned a home. That is changing. Proudly, each of her three daughters is a homeowner.
But for many who come from similar backgrounds, that is not always the case. Thats where an intentional strategy from people within the nations banks can make a clear difference. If bankers make inclusive prosperity their goal, theyll empower more minorities to financially thrive.
Throughout American history, there have been policies, practices and events that made financial inclusion and wealth especially challenging for Blacks and other minorities. TheSocial Security Act of 1935provided unemployment insurance, old-age insurance and means-tested welfare programs, but excluded agricultural and domestic workers who were mostly minorities.
The Federal Housing Administrationestablished policies that caused wealth disparitiesthat still exist today. And redlining refusing a loan to someone because they live in an area deemed financially risky excluded many aspiring Black homeowners from mortgage lending. These practices and policies further suppressed the underserved, making it harder to lift themselves out of poverty.
This is where bankers themselves have a role to play by helping bridge the gap between economic opportunity and more equal outcomes for all. Inclusion involves communication between bank leaders and those being served listening, valuing input and providing action. Wealth must be a part of these conversations because it is essential for long-term security. It provides funds to create businesses, save for retirement, invest in education and own homes.
Thats why institutions need to begin with the people within a bank to create mass inclusion and wealth for the underserved. People are the dynamic that can cultivate inclusive prosperity, which makes racial wealth gaps smaller and stimulates generational wealth in minority communities.
Laura Anderson, a Birmingham-based model validation analyst for Regions. This article originally appeared inAmerican Bankermagazine.
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Intentional Living, Everyday Activism and Tea Sarjesa Inc. – Todayville.com
Posted: at 2:15 pm
Activism is all around us. As witnessed by the entire world this past summer, even the smallest of intentional actions can have ripple effects that reach far beyond individual communities.
A young entrepreneur from Calgary, Alberta is using tea to effect positive change in the city and beyond. Alexandra Daignault is the founder and owner of Sarjesa Inc., a socially focused tea company dedicated to supporting violence prevention programming and aiding marginalized women in Canada. Guided by an unwavering commitment to equality and Indigenous recognition, Sarjesa is a manifestation of Daignaults own core values, as well as her lived experience as a woman of Indo-Caribbean descent.
Sarjesa was founded in December 2017, during Alexandras 3rd year at Mount Royal University, while she pursued a degree in English with a double minor in Indigenous Studies and Innovation & Entrepreneurship. The name Sarjesa is Alexandras own invention, inspired, in part, by her post-colonial theory books and conversations with her grandmother.
Sarjesa is about bringing activism into everyday experience, says Alexandra, Doing things on purpose. If we want to make long standing change, we need to be intentional. The Sarjesa website and email signature feature a land acknowledgement adapted from Dr. Renae Watchman, an individual whose activism Alexandra cites as inspiration for her own work.
We are a Non-Indigenous brand and company. We blend our tea on Treaty 7 territory, located on the homelands of the Niitsitapi (the Siksika, Piikani, Kainai), the yrhe Nakoda, and Tsuutina Nations, as well as Mtis Nation Region 3. As an organization, run by an Indo Caribbean Settler woman, we acknowledge the treaty relations that have not been honoured and work daily to restore good relations. We try to respect all people and the planet through the creation of highly intentional products.
Land Acknowledgment featured on Sarjesa website & email signature
From ingredient sourcing, to hiring practices, to charitable donations, every aspect of Sarjesa has been carefully articulated to have an intentional, positive social impact. To exist in harmony with the land and the communities upon it, all teas are composed of both locally sourced and certified fair trade ingredients. Each box features information on Canadian Missing and Murdered Indigenous Women, and 20% of profits from each box of Sarjesa tea sold are donated to the Awo Taan Healing Lodge Society, an Indigenous-led womens shelter based out of Calgary.According to Alexandra, her decision to establish a charitable partnership with Awo Taan Healing Lodge Society was inspired by her admiration of their practices, their ability to create a healing space for women and children in need, and the vast knowledge and expertise of their team.
As a young entrepreneur immersed in the fast-paced culture of the start-up industry, Alexandra remains committed to serving the community and focusing on what matters most. Theres no rush to make it a huge tea corporation, she says, Its important we continue to learn, grow organically, and do the work in a good way. Beyond the scope of Sarjesa tea, Alexandra encourages everyone to live an intentional life. Whether it is the food you eat, the products you buy, the way you interact with the environment there are countless small ways to effect positive change. Be gentle with yourself, she says, Recognize that while maybe you cant make all the good decisions you want all at once, you can be very intentional about the decisions you do make, and why.
For more information on Sarjesa Tea, visit https://sarjesa.com.
For more stories, visit Todayville Calgary.
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Infoshred Takes Its Community Giving to the Next Level for Greater Visibility and Impact – Business Wire
Posted: at 2:15 pm
HARTFORD, Conn.--(BUSINESS WIRE)--seedership announced today that Infoshred LLC, a provider of secure document destruction, records storage and electronics recycling, has selected seederships community storytelling platform to track and visualize all their charitable contributions. Having one aggregated view of all the time, things and money they donate as well as the organizations and causes they support will help make their giving more intentional and highlight their positive impact for clients to see.
Weve really never told our community story externally. Its something weve always done quietly, said Stacey Lombardo, Infoshred president and founder. The events of 2020 have shifted our perspective. People want to support businesses doing good in their communities, and we have realized that through our business we can encourage awareness of, and participation in, the causes that Infoshred is most passionate about. But it starts by leading through example, and making our good visible.
seederships platform is helping Infoshred and other small businesses improve upon two key areas of their community giving: measurement and sharing. Its act tracking system provides small businesses greater clarity of their total investment back into the community. The kindness profile serves as a centralized location for all their charitable giving and social impact content, with one-click sharing across social platforms, email and anywhere else they connect with clients digitally.
The platform was specifically built for small, nimble businesses seeking to expand their online visibility and stand out in an authentic way. Understanding that small business owners and entrepreneurs wear many hats, and that time and resources are valued commodities, seedership places simplicity, value and affordability at the center of its design principles. The easy-to-use tools allow the creation of professionally designed digital profiles and content without the need for graphics or coding skills.
Infoshred has given back to the community since it was founded 23 years ago. Their giving has evolved from simply writing checks to establishing The Giving Tree Fund, a donor-advised fund which provides grants to local nonprofits. It has also branched out to partner with clients in sponsoring shredding fundraisers and providing opportunities for employees to participate in giving.
Its not uncommon for a small business to be humble about their giving as its often done out of a sense of duty or simply because its the right thing to do. Their giving is genuine, personal and heartfelt, said Jennifer Smithberger, seedership cofounder. Todays customers want their purchasing dollars to also make a difference and are seeking to support businesses that help them achieve that. Small businesses have an immense opportunity to deepen relationships by sharing the good they do and celebrating its impact with their customers. After all, its the customers support of the business that puts it in a position to be able to give back.
Stacey and her team are doing great work in their community, and we are honored to be a part of their journey, inspiring even more kindness and generosity, Jennifer added.
To learn more about Infoshreds entrepreneurial roots and how its giving has evolved, click here.
About seedership:
seedership is the simplest platform for a small business to create and share their authentic community story. We make it easy for them to bring together everything they give back, so they can connect with and attract customers who also care about their communities. seedership keeps the good small businesses do top of mind and easy to find, so it can help their business achieve more visibility, growth and community impact. To learn more about seedership, visit seedership.com.
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Herman Miller Partners with Leading Architects to Tackle Healthcare Inequality – PRNewswire
Posted: at 2:15 pm
Herman Miller (NASDAQ: MLHR), along with leading architects from MASS Design Group, SmithGroup, Corgan, and Kimley-Horn, and teams from KDC, Rogers-O'Brien Construction, Cross Engineering Consultants, and L.A. Fuess Partners, were tasked with this challenge as they worked with the North Texas Family Health Foundation to build the community of McKinney, Texas a facility that exuded respect, quality, and a commitment to serving every individual equally.
The North Texas Family Health Foundation was founded with a goal of ensuring that every member of the community has access to essential primary healthcare and a medical home. The Foundation's first project, Family Health Center on Virginia, has created a new model that fundamentally reimagines how to provide primary care resources for the underserved. By raising local funds to build the new facility and cover start-up costs, the Foundation and their partners are supporting the creation of a sustainable community resource.
"We wanted to make primary care available to everyone in the community, regardless of their ability to pay. Health and wellness bolster educational achievement, positively impact employment opportunities, and support a stronger, healthier community," said Kate Perry, DrPH, MS, AICP, and Senior Vice President and Senior Director for Healthy Communities for Independent Financial, catalyst and lead donor for the project. "Beyond this, we also wanted to create a community-oriented space where everyone would feel welcome, cared for, and loved."
"The success of this project wasn't creating an efficient, safe and state of the art facilitymeeting those checkpoints was the starting point," says Michelle Ossmann, PhD, MSN, and Director of Healthcare Knowledge and Insights at Herman Miller. "True success meant that, whether in the lobby, a clinical room, or exiting the building, every visitor recognizes the design of this space was centered on them."
"Our goal was to design a medical home for the community with cues both large and small that signal the space is human-centered. It should make people feel welcome and give them a sense of dignity," said David Saladik, Senior Principal with MASS Design Group and the architect of record on the project.
In the wake of the unveiling of this brand new facility, named the Family Health Center on Virginia, Herman Miller has released a case study detailing four of the key ways the experience of care was elevated to serve the community of McKinney. With over 50 years of research in healthcare environments, Herman Miller was able to help create exam spaces that encouraged comfortable, engaging interactions, and gave insight into how the design of clinical spaces can build trust between patients and clinicians.
"Details matter. Even changing something seemingly small, like expanding the size of exam rooms to accommodate visitors with companions and/or children in order to assure that families visiting the clinic of all sizes feel comfortable and able to move around, add up to make a huge difference," says Ossmann. "True medical care isn't just about solving the problemit's about fostering trust, honesty, and confidence, and having patients leave feeling heard and at peace."
To help create a people-centric healthcare experience, Herman Miller worked with interior design firms SmithGroup and Corgan. The Herman Miller furnishings selected from the company's healthcare line offer provides comfort and support as people wait for appointments or family members. All furnishings are easy to rearrange, allowing for different types of gatherings or to support physical distancing when needed. The Corgan design team also selected an intentional mix of vibrant and neutral colors to soothe and uplift.
Patients aren't the only people who deserve a healthcare space that feels like home. The staff lounge was designed to provide clinicians and other team members with a sense of respite. Staff can store personal items or gather for a bite to eat. Easy-to-move stools provide a place to perch and eat lunch or catch up with colleagues.
Modularity also played a big role in the design. Every space was outfitted with furniture that either clinicians or patients and their family members can easily rearrange, depending on the type of interaction they want to have. In the community spaces in the Family Health Center, furnishings include mobile tables and durable, comfortable chairs and lounge seating that allow people to circle up or spread out. In exam rooms and the dental lab, the team leveraged Mora, a casework solution that's purposefully designed to change. If the function of a space needs to shift, Mora is simple to modify, meaning the staff will avoid the need to shut down the entire building for an extensive overhaul.
Save for a few exceptions, Herman Miller was the sole casework and furniture partner for the Family Health Center. The design team created diverse settings across the facilityincluding clinical rooms, workspaces, and common areasall with a consistent aesthetic and experience, and from one supplier, which eliminates unwanted variables, delays, and complexity while making replacements, redesigns, and repairs an easy phone call.
"By working with Herman Miller and WRG (A Herman Miller dealer partner), we had a streamlined, single point of contact that made all the moving parts come together more efficiently and that saved significant time and energy overall," said Perry. "A single source for communication, planning, and execution helped us more effectively meet our milestones and fully support the clinic team's successful transition to the new building."
About Herman Miller
Herman Miller is a globally recognized leader in design. Since its inception in 1905, the company's innovative, problem-solving designs and furnishings have inspired the best in people wherever they live, work, learn, heal, and play. In 2018, Herman Miller created Herman Miller Group, a purposefully selected, complementary family of brands that includes Colebrook Bosson Saunders, Design Within Reach, Geiger, HAY, Maars Living Walls, Maharam, naughtone, and Nemschoff. Guided by a shared purposedesign for the good of humankindHerman Miller Group shapes places that matter for customers while contributing to a more equitable and sustainable future for all. For more information visit http://www.hermanmiller.com/about-us.
About the North Texas Family Health Foundation
The North Texas Family Health Foundation is a 501(c)3 not-for-profit organization that works to build stronger, healthier communities through strategic public-private partnerships focused on sustainable solutions. The Foundation is led by a Board of Trustees that handles strategic and fiduciary oversight to advance its mission and meet its goals of combining efforts, shared knowledge and financial resources across sectors (public, private and non-profit), governments (state and local) and individual donors in an effort to increase access to healthcare.
SOURCE Herman Miller, Inc.
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DeepMind researchers say AI poses a threat to people who identify as queer – VentureBeat
Posted: at 2:15 pm
The impact of AI on people who identify as queer is an underexplored area that ethicists and researchers need to consider, along with including more queer voices in their work. Thats according to a recent study from Googles DeepMind that looked at the positive and negative effects of AI on people who identify as lesbian, gay, bisexual, transgender, or asexual. Coauthors of a paper on the study include DeepMind senior staff scientist Shakir Mohamed, whose work last year encouraged reforming the AI industry with anticolonialism in mind and queering machine learning as a way to bring about more equitable forms of AI.
The DeepMind paper published earlier this month strikes a similar tone. Given the historical oppression and contemporary challenges faced by queer communities, there is a substantial risk that artificial intelligence (AI) systems will be designed and deployed unfairly for queer individuals, the paper reads.
Data on queer identity is collected less routinely than data around other characteristics. Due to this lack of data, coauthors of the paper refer to unfairness for these individuals as unmeasurable. In health care settings, people may be unwilling to share their sexual orientation due to fear of stigmatization or discrimination. That lack of data, coauthors said, presents unique challenges and could increase risks for people who are undertaking medical gender transitions.
The researchers note that failure to collect relevant data from people who identify as queer may have important downstream consequences for AI system development in health care. It can become impossible to assess fairness and model performance across the omitted dimensions, the paper reads. The coupled risk of a decrease in performance and an inability to measure it could drastically limit the benefits from AI in health care for the queer community, relative to cisgendered heterosexual patients. To prevent the amplification of existing inequities, there is a critical need for targeted fairness research examining the impacts of AI systems in health care for queer people.
The paper considers a number of ways AI can be used to target queer people or impact them negatively in areas like free speech, privacy, and online abuse. Another recent study found shortcomings for people who identify as nonbinary when it comes to AI for fitness tech like the Withings smart scale.
On social media platforms, automated content moderation systems can be used to censor content classified as queer, while automated online abuse detection systems are often not trained to protect transgender people from intentional instances of misgendering or deadnaming.
On the privacy front, the paper states that AI for queer people is also an issue of data management practices, particularly in countries where revealing a persons sexual or gender orientation can be dangerous. You cant recognize a persons sexual orientation from their face as a 2017 Stanford University study claimed, but coauthors of that paper cautioned that AI could be developed to try to classify sexual orientation or gender identity from online behavioral data. AI that claims it can detect people who identify as queer can be used to carry out technology-driven malicious outing campaigns, a particular threat in certain parts of the world.
The ethical implications of developing such systems for queer communities are far-reaching, with the potential of causing serious harms to affected individuals. Prediction algorithms could be deployed at scale by malicious actors, particularly in nations where homosexuality and gender non-conformity are punishable offenses, the DeepMind paper reads. In order to ensure queer algorithmic fairness, it will be important to develop methods that can improve fairness for marginalized groups without having direct access to group membership information.
The paper recommends applying machine learning that uses differential privacy or other privacy-preserving techniques to protect people who identify as queer in online environments. The coauthors also suggest exploration of technical approaches or frameworks that take an intersectional approach to fairness for evaluating AI models. The researchers examine the challenge of mitigating the harm AI inflicts on people who identify as queer, but also on other groups of people with identities or characteristics that cannot be simply observed. Solving algorithmic fairness issues for people who identify as queer, the paper argues, can produce insights that are transferrable to other unobservable characteristics, like class, disability, race, or religion.
The paper also cites studies on the performance of AI for queer communities that have been published in the last few years.
The DeepMind paper is Googles most recent work on the importance of ensuring algorithmic fairness for specific groups of people. Last month, Google researchers concluded in a paper that algorithm fairness approaches developed in the U.S. or other parts of the Western world dont always transfer to India or other non-Western nations.
But these papers examine how to ethically deploy AI at a time when Googles own AI ethics operations are associated with some pretty unethical behavior. Last month, the Wall Street Journal reported that DeepMind cofounder and ethics lead Mustafa Suleyman had most of his management duties stripped before he left the company in 2019, following complaints of abuse and harassment from coworkers. An investigation was subsequently carried out by a private law firm. Months later, Suleyman took a job at Google advising the company on AI policy and regulation, and according to a company spokesperson, Suleyman no longer manages teams.
Google AI ethics lead Margaret Mitchell still appears to be under internal investigation, which her employer took the unusual step of sharing in a public statement. Mitchell recently shared an email she said she sent to Google before the investigation started. In that email, she characterized Googles choice to fire Ethical AI team colead Timnit Gebru weeks earlier as forever after a really, really, really terrible decision.
Gebru was fired while she was working on a research paper about the dangers of large language models. Weeks later, Google released a trillion-parameter model, the largest known language model of its kind. A recently published analysis of GPT-3, a 175-billion parameter language model, concluded that companies like Google and OpenAI have only a matter of months to set standards for addressing the societal consequences of large language models including bias, disinformation, and the potential to replace human jobs. Following the Gebru incident and meetings with leaders of Historically Black Colleges and Universities (HBCU), earlier this week Google pledged to fund digital skills training for 100,000 Black women. Prior to accusations of retaliation from former Black female employees like Gebru and diversity recruiter April Curley, Google was accused of mistreatment and retaliation by multiple employees who identify as queer.
Bloomberg reported Wednesday that Google is restructuring its AI ethics research efforts under Google VP of engineering Marian Croak, who is a Black woman. According to Bloomberg, Croak will oversee the Ethical AI team and report directly to Google AI chief Jeff Dean.
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Quad and the Quadracci Family’s Windhover Foundation Commit $1 Million to Bring The BrandLab to Milwaukee – Business Wire
Posted: at 2:15 pm
SUSSEX, Wis.--(BUSINESS WIRE)--Today, Quad/Graphics, Inc. (Quad) and the Quadracci familys Windhover Foundation are announcing a three-year, $1 million commitment to The BrandLab, a non-profit dedicated to changing the face and voice of the marketing industry by creating opportunities for young people from diverse ethnic and socioeconomic backgrounds. This new partnership will enable The BrandLab to expand into the Milwaukee community and bring together local agencies, corporations and student interns who identify as Black, Indigenous and People of Color (BIPOC), or who come from low-income families. Already operational in Kansas City and Minneapolis, The BrandLabs success in bringing young, diverse voices into the creative profession directly aligns with Quads decades-long dedication to creating a better way.
The BrandLab starts by exposing students to creative and viable careers before they graduate from high school and then we stay with them on their journey to their first full-time role, said Ellen Walthour, Chief Executive Officer of The BrandLab. This is a long-term solution that requires long-range vision from the industrys top leaders. Quad understands that our work not only advances racial equity, but it makes the creative field so much stronger.
Quads partnership with The BrandLab will provide the organization with a long-term foundation to begin operating in the Milwaukee area and identify internship opportunities, through support from local agencies and corporations, for students who identify as BIPOC or qualify for free or reduced-price lunch. The interns will work among the regions advertising and marketing departments in roles that emphasize creativity and innovation, and that will grow over time to permanent positions.
I am such a huge believer in what The BrandLab has accomplished and how much more impact is to come, said Frank Crowson, Chief Marketing Officer of Best Buy and member of The BrandLabs Board of Directors. Quads support will be instrumental in pushing that impact toward its full potential. I look forward to continuing to change the face and voice of our industry together with Quad as our partner.
Since 2009, The BrandLab has exposed thousands of classroom students to creative careers and placed more than 500 interns in corporations and agencies, 90% of whom now have plans to pursue a path in the industry. Dozens of alumni have secured full-time positions in the creative field, and hundreds have been paired with professional mentors who will help them navigate their professional paths.
I am thrilled to see The BrandLab launch its program in Milwaukee. As we all know, fostering a more inclusive workforce is a key priority for the marketing and advertising community, said Mat Lignel, CEO and President of Milwaukee-based agency Laughlin Constable. The BrandLab has proven, over time and in different cities, that it can help drive a meaningful difference. Its focus on high school students is the key to introducing a new generation to our industry, and our team at Laughlin Constable is committed to helping on that journey.
According to research conducted by The BrandLab, 93% of corporations and agencies say diversifying their workforce is important to them, yet only 67% feel they have initiatives in place to expand workplace diversity. Quad recognizes the role The BrandLab plays in giving companies the tools they need to make those goals a reality.
We are committed to being a catalyst for change to advance diversity and equity in the advertising and marketing profession, because we know that our work is only our best work when it reflects different voices, mindsets, experiences and perspectives, said Joel Quadracci, Chairman and CEO of Quad. We have seen first-hand through Periscope, our agency in Minneapolis, how The BrandLab is building the infrastructure needed to bring a more inclusive perspective to the field, and we are thrilled to support this expansion into Milwaukee.
Quad recently announced a contribution to the Brandcenter at Virginia Commonwealth University (VCU) that will boost efforts to foster equity and drive change. Quads partnership with the Brandcenter will directly support the Brandcenter & Rising Endowed Scholarship, which provides need-based assistance to diverse students looking to make an impact in the fields of advertising, marketing, branding and communications.
This is just another step in what you will continue to see from Quad as we work toward intensifying our commitment to achieving a workforce that reflects the communities where we live and work, said Quadracci. We can only be our best, do our best work for our customers, and attract and retain the best talent when we are intentional in making diversity, equity and inclusion a priority.
About The BrandLab
Founded in 2009, The BrandLab is a multi-market nonprofit organization building a movement to change the face and voice of the marketing industry. Our vision is a marketing industry that thrives with the insights and creativity of people from diverse ethnic and socioeconomic backgrounds. We reach these goals through four core programs: high school; internship; college and beyond; and fearless. To learn more visit http://www.thebrandlab.org/.
About Quad
Quad (NYSE: QUAD) is a worldwide marketing solutions partner that leverages its 50-year heritage of platform excellence, innovation and strong culture and social purpose to create a better way for its clients, employees and communities. The Companys integrated marketing platform helps brands and marketers reduce complexity, increase efficiency and enhance marketing spend effectiveness. Quad provides its clients with unmatched scale for client on-site services and expanded subject expertise in marketing strategy, creative solutions, media deployment (which includes a strong foundation in print) and marketing management services. With a client-centric approach that drives the Company to continuously evolve its offering, combined with leading-edge technology and single-source simplicity, the Company has the resources and knowledge to help a wide variety of clients in multiple vertical industries, including retail, publishing, consumer packaged goods, financial services, insurance, healthcare and direct-to-consumer. Quad has multiple locations throughout North America, South America and Europe, and strategic partnerships in Asia and other parts of the world. For additional information visit http://www.QUAD.com.
About The Windhover Foundation
Established in 1983 by Quad founder Harry V. Quadracci, The Windhover Foundation is a private foundation supporting organizations dedicated to meeting a pressing, unfulfilled social need. Named after The Windhover, a poem written by Gerard Manley Hopkins, the foundation over the years has helped a wide variety of groups and initiatives including homeless shelters, hospices, womens programs, libraries, playgrounds, parks and arenas, and food pantries.
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Get creative to help artists through pandemic – The Guardian
Posted: February 16, 2021 at 10:14 am
The Irish pilot of a universal basic income for artists (Editorial, 7 February) is partially the equivalent of Frances support for performing artists. There, dancers, musicians, designers and technicians who are working on a production receive unemployment support. This was introduced in 1936 as the rgime salari intermittent employeurs multiples (system for intermittently salaried workers with multiple employers) to support technicians in the film industry. This created the right to publicly funded unemployment benefits for each day that they were not in work. Recipients have to have done a minimum of 507 hours of paid work during a one-year period.
I understand that this applies more broadly across the arts in France, and a similar system exists in Belgium. In December 2020, the UK trade union Equity called on the government to introduce a basic income guarantee for creative workers in the performing arts. This would provide them with financial stability during the pandemic and ensure that they are free to take work when it arises without fear of losing other forms of support. We should not ignore one of the UKs most successful assets in the way the government seems to be doing.David CockayneLymm, Cheshire
Heres my big idea for an arts policy that your excellent editorial called for: use a windfall tax on pandemic-fuelled profits made by online gambling and video-streaming services to support a new deal of the soul. This would pay organisations to commission art for, with and by children and young people that deserves a wider audience. Ensure that freelancers are paid to be at the heart of this, and go beyond schools to find those young people most at risk of continued social isolation and dislocation.Joe HallgartenLondon
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