World Bank Treasury and Asia-Pacific Economic Cooperation Successfully Conclude First-Ever Catastrophe Bond

Lenore Staats

The World Bank Treasury and the APEC Business Advisory Council (ABAC)/Asia-Pacific Financial Forum co-organized a virtual workshop on catastrophe bonds for the APEC Regional Disaster Risk Financing and Insurance Solutions Working Group, aimed at broadening the understanding and use of the catastrophe bond market in the Asia Pacific Region.

Building economic resilience against shocks is a top priority for the World Bank and the APEC. With most of its members situated along the Pacific Ring of Fire, APEC economies are under constant threat of strong earthquakes, tsunamis, super typhoons, and volcanic eruptions. These disasters put governments under a significant fiscal

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Kingston businesses react to federal ban on single-use plastics

Lenore Staats

The clock is now ticking for businesses when it comes to finding alternatives to single-use plastics.





© Global News


On Wednesday, the federal government announced that it is moving to fulfill a promise to ban single-use plastics by the end of 2021.

For many Kingston-area businesses, the move comes as no shock as they have adjusted over the last several years to decrease plastic use.

Paper bags are something we’ve moved to for almost two years. Same with paper straws,” said Richard Wicklam, the manager of the Tir Nan Og Irish Pub.

Read more: Ottawa plans to ban single-use

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Credit Cards vs. Personal Loans: What’s the Difference?

Lenore Staats

If you find yourself in a situation where you need a little financial help, take time to think about your options. Automatically reaching for a credit card — or applying for a personal loan — might not be the best money move.

According to the Federal Reserve, consumer debt increased $12.3 billion month over month in July 2020. Interestingly, revolving debt, which includes credit card debt, decreased about $300 million. But nonrevolving debt, which includes personal loans, grew by $12.6 billion.

Bottom line: If you have debt or are facing an expensive but necessary purchase, you can choose how you

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A Hedge Fund With Ties to Trump Is Polluting One of Brooklyn’s Poorest Communities

Lenore Staats

Tipping Point covers environmental justice stories about and, where possible, written by people in the communities experiencing the stark reality of our changing planet.

It’s time to wake up. On Global Climate Day of Action, VICE Media Group is solely telling stories about our current climate crisis. Click here to meet young climate leaders from around the globe and learn how you can take action.

Maria Escalera breathes some of the most polluted air in New York City. The 64-year-old works at a family health center near the industrial waterfront of Brooklyn’s Sunset Park neighborhood. Her office is within walking

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