The news that Stream Energy had launched its charity foundation, Stream Cares, came as no surprise as the Dallas-based firm has proven its affinity for charitable causes. And the energy firm does not just write checks but also commits time to philanthropic causes.
While it is the norm for many modern firms to be involved in corporate social responsibility, Stream Energy’s involvement in such causes is ingrained in its business model. The company’s business model relies on independent associates to market energy, wireless, and home services. The associates earn a commission based on their sales. The company has many associates, who are actively involved in philanthropic causes. Add that to the company’s effort, and you establish why the energy firm is the most talked about in Texas regarding philanthropy.
When Hurricane Harvey touched down in Southern Texas destroying homes, property, and displacing residents, Stream Energy made efforts to help heal and rebuild the affected areas. The company donated $25,000 to the American Red Cross. In addition, the firm collaborated with Red Cross, accepting donations on behalf of the non-profit. What’s more, the firm announced it would be lenient towards its customers in the affected areas, regarding payment of utility bills.
Statistics indicate that there is a 24 percent rise in homelessness in Dallas. What a better way to alleviate the suffering of the homeless than affording them memorable experiences? Stream Energy, its associates, and Hope Supply Co. have collaborated to sponsor annual Splash for Hope. The event saw over a thousand North Texas homeless children access monetary assistance, essential supplies, and partake in a fun day. Hope and Stream have had such partnerships for over four years.
Dallas-area veterans and their families have benefitted from Stream and its associates. Through the Operation Once in a Lifetime program, the company sponsored the veterans and their families to sumptuous lunch. The firm also catered to their transportations costs. The American Girl Doll experience shortly came after the lunch. The experience sought to pamper 10 young girls belonging to the veterans.
In 2016 alone, the Chinese have imported $14 billion worth of soybeans from the United States, reports CNN Money in a recent article. Soybeans are just one example of the need for agricultural products in the Middle Kingdom. The large Chinese population of about 1.4 billion needs immense quantities of food.
Yet agricultural trade could be affected in negative ways. Last month, the Trump administration put tariffs on imported Chinese solar panels. Now, the White House is considering tariffs on imports of Chinese aluminum and steel. In response, the Chinese Commerce Ministry indicated that if this “affects China’s interests, we will take necessary measures to defend our rights.”
China is already investigating whether the Unites States is dumping sorghum, an agricultural product. When it comes to cultivation of sorghum, the American farmers are world leaders with 2016 production of 480 bushels.
Would the Chinese authorities give up on imports of American agricultural products when it comes to feeding the world’s largest population? This isn’t that likely. Still, it worries farmers, many of whom voted for Donald Trump.
Despite tough rhetoric, “nobody wants a trade war,” as William Zarit, chairman of the Chinese branch of the American Chamber of Commerce, has said.
What is likely is that the world’s two economies will both cooperate and trade with each other in the foreseeable future.
We tend to think that the large banks in today’s business world are the ones that have the global financial power. They have influence that span across many nations. However, they’re not as powerful to control world economics. The true captains of economic policies and world economies are the central and global banks such as the World Bank and the International Monetary Fund (IMF).
The Washington Consensus developed laws that granted these organizations the global influence they have today to control world economics. The consensus includes ten economic policy recommendations aimed at guiding economic development for developing countries. These institutions therefore interfere in affairs of developing nations and economic policies. Recently, China also attempted to redirect global trade domination with its own Beijing Consensus Initiative – One Belt, One Road.
Initially, central banks main task was issuing currency with no connections to governments. But since the 18th and 19th centuries, their roles have evolved after switching from currency exchanges to banknotes printing which granted them more monetary freedom for themselves and their governments. There have been debates to allow central banks to draft monetary policies away from politics and political pressure, and many are termed independent institutions. Still, their governments actively influence central bank’s policymaking. For instance, South Korea in 2014 had the government put enormous pressure on the Bank of Korea to reduce interest rates for an increase in economic growth. The initiative was indirect by the government, but it changed the monetary policies
George Soros was born in Hungary in 1930. He grew up at a time when the country was occupied by the Germans and suffered the horror of the Holocaust. Soros ran away to Britain made his way to the London school of economics. He would later become an investor and a very successful hedge fund owner. He made his big break in 1993 and then moved from the UK to the country. He has been operating his businesses from here in New York for the past close to three decades.
There is much more the George Soros than just the track record as an investor. He is one of the most generous philanthropists supporters of an open society. George Soros has given away more than $6 billion to support different charities in the past 30 years. What is even more inspiring is the fact that he has pledged $18 billion of his $25 billion empire to the open society foundations. George has released this money in the hope that it will go a long way in improving the lives of those that need their voices to be heard. It is believed that he will release, even more, money to the charities shortly. This is a man who is interested in leaving a legacy.
Soros, like all other wealthy people who have a keen interest in philanthropy, has always believed in putting his money where his ideas lie. He has supported the Liberals for the past three decades. He believes in the progressive agenda that the party pushes for, and their genuine interest in the welfare of marginalized groups in the society. Soros has always contributed to the campaigns that are put up by different Democratic candidates. He threw his weight behind John Kerry’s run for office because he was dismayed by the humanitarian crisis that Bush created in Afghanistan. He supported Clinton in 2007, and also Obama. Last year he gave more than $25 million to support Clinton’s bid for the White House.
The other causes that he has supported over the years include the Ferguson protests, the push to have a free and democratic environment in Eastern Europe, the push for reforms in the way that the LGBTQ is treated and many others. He has a University named after him in Hungary and has inspired many scholars with his ideas.
Soros believes that the country is not headed in the right direction. There has been a rise in retrogressive groups ideas which seemed to have been buried in the past. Soros believes all this is the effect of Trump being in office. He thinks that even though a Clinton win would have kept America on the right track regarding Democracy, it is still possible to keep the government in check. He hopes that the contributions he has made to the open society foundation will help create a situation where the country will not ultimately go back to the past inequalities and injustices. Soros is looking forward to leaving a legacy in great leadership and charity. and more information click here