Those lyrics, written by Bob Marley and Curtis Mayfield, could be a serious contender for the most famous ever written, right? Now Marley's family is continuing his vision of peace and love via a bold, vibrant business venture called The House of Marley, a line of branded music products inspired by the iconic singer-songwriter.
Third, the House of Marley is cause-minded. To that end, the Marley family formed a sister organization, 1Love, an organization that "puts Bob's beliefs into action" by partnering with charitable groups around the world, including the United Nations Environment Programme, the environmental wing of the UN, Charity: Water, a non-profit geared toward bringing potable water to developing countries, and The African Leadership Academy, designed to train the next generation of leaders from each of the fifty-four African nations.
Finally, the products are waste conscious, designed to keep their recyclable packaging and parts out of the waste stream. The House of Marley also encourages customers to donate their old headphones to be repurposed, thereby keeping them out of landfills.
Jump on over and check some of the fun features of both their site and the business, including the YouTube Drum Circle, the first of many interactive music experiments the House of Marley will be coordinating. This one features a soundboard of sorts that allows you to mix and match together your own drum circle beat to upload to the Internet.
With style, a strong sense of mission, and of course a love of music, The House of Marley is bringing back Bob's vision.
As one can infer from the line-chart below, the indicators turned into Negative Territory (about -3% and lower) about 1 week ago. Though, they've been lower, reaching as low as -8.9% near the market top of March 2000. Does anyone remember the "Tech Wreck" ?
While a negative 3% value isn't as low as the 2000 time period, note that it hasn't given a sell signal for a long, long time (since 2008). Thus, this signal may be more reliable. I find that it's less reliable in periods of high market volatility. Data start date is 1994, which wasn't shown as the chart would've been too small.
Furthermore, I can't recall the last time both the Sentiment and Technical Signals indicated that the market was at such a High Risk. For perspective, the last time they both gave Buy Signals was in March 13, 2009 (at +10.7% for this Indicator).
The table below shows how the stock market performed (Gain/loss or flat market) after 1 week, 2 weeks, etc. time periods after the Down Signal indicator reached significant low values. The higher the percentage, the more times the Indicator was accurate.
Best time period was T5 (6 weeks after signal) at 57%. This is lower than the accuracy of the Sentiment Indicator. However, note that I always use what's called Dummy signals. These are incorrect signals I place purposely to avoid any potential biases. Essentially, they make the results look worse than they actually were. Removing the Dummies, yields the actual % Declining/Total of 65% (meaning the indicator worked 65% of the time at the T5 period. Still not great, but better than before.
By Colum Lynch and Paul Farhi
Washington Post Staff Writers
The concerts will be carried live on MTV, VH-1, the BBC and other broadcasters to 60 countries; radio broadcasts will reach 120 nations, potentially making these the widest heard musical performances in history. The shows will promote NetAid's Web site, which will serve as a kind of clearinghouse for donors and organizations dedicated to relieving hunger and eradicating poverty.
But even before the first chords are struck, the novel charitable alliance is caught up in controversy, deflecting charges of self-interest and self-dealing. Harry Belafonte, the actor and musician who helped organize the event, said he and actor Danny Glover were quitting in disgust. The event, he said, had "been reduced to a trade show" promoting the U.N. bureaucracy and a corporate sponsor, Cisco Systems Inc.
U.N. sources said that in his letter of resignation, Belafonte also complained that proceeds would be funneled back into the U.N. Development Program and Cisco before money reached the world's poor.
"When you deal with the flesh and the blood that makes up the hungry and disenfranchised of this world, you must play in a field of trust," Belafonte said in an interview. "I find that sacred ground. There shouldn't be any cynicism or agendas."
NetAid is the brainchild of a Cisco executive, Diane Merrick, who last year began considering ideas for an attention-getting stunt for her company, based in San Jose, Calif. To promote Cisco, which makes the routing and switching equipment that is the Internet's plumbing, Merrick considered staging an event that would be accessible to millions online.
Among other ideas, she thought about using the Internet to "stream" live video of a fashion show or the worldwide premiere of a Steven Spielberg film. The company particularly wanted to generate attention during Telecom '99, a huge trade show being held this week in Geneva (one of the NetAid concerts will emanate from Geneva, with an audience specially invited by Cisco).
"We were really looking for a way to demonstrate the power of the Internet outside the business realm," Merrick said. "Business has already embraced the Internet. What we wanted to do was give everyone else a glimpse of the future."
Casting about for a more populist vehicle, Cisco eventually contacted music promoter Ken Kragen, who had organized the Hands Across America event in 1986 and the "We Are the World" benefit for famine relief in 1985. By coincidence, Kragen had received a call a week earlier from Belafonte, who wanted Kragen's help in producing an event to mark the United Nations' World Poverty Week, also scheduled at the same time as Telecom '99.
"It was just serendipity," said Kragen. "There was something magical about" the coincidental timing of the U.N. event and the business conference. The company and Belafonte soon began discussion to merge their events.
Belafonte, who was active in the civil rights movement, was asked last year by the United Nations to harness the drawing power of the pop music and film elite in the cause of fighting global poverty. Backed by Cisco's initial commitment of $3 million, he recruited Glover, former South African President Nelson Mandela and U2's Bono, who has advocated that wealthy nations forgive the debts of impoverished countries.
But by August, less than two months before the concerts, Belafonte began privately criticizing the organizing effort. Specifically, he is upset about the makeup of the board overseeing the NetAid foundation, which is dominated by U.N. officials and corporate executives. He is also critical of an arrangement whereby Cisco will be reimbursed about $5 million from NetAid concert-ticket receipts and broadcast rights fees. The company made cash advances to reserve Giants Stadium in New Jersey and Wembley Stadium in London for the shows.
Cisco also has donated $10 million to the NetAid Foundation and contributed roughly $10 million to $12 million more in services, time and equipment. The company says that none of this will be reimbursed.
U.N. officials and NetAid organizers said the reimbursement arrangement is standard practice. They characterized the dispute as driven by oversized egos and a conflict over leadership of the event, not financial impropriety. They said Belafonte lashed out because he could not exercise absolute control over a project that grew dramatically in scope and political importance since its inception.
Organizers also noted that NetAid has continued to attract endorsements and involvement from political figures and celebrities. In September, President Clinton, British Prime Minister Tony Blair and Nelson Mandela were the first to log on to the NetAid Web site (www.netaid.org). The event has also had no trouble attracting performers such as Sheryl Crow, George Michael and Mary J. Blige.
The departures, nevertheless, could prove embarrassing for the United Nations, which has gingerly begun to seek alliances with corporate sponsors to help fill the funding gap caused by shrinking contributions from wealthy governments. NetAid represents the first major collaboration between the United Nations and a private corporation to tackle a specific global problem.
In addition to Cisco, the consulting firm KMPG and the computer company Akamai Technologies have been involved in setting up the Internet site. Several of the aid organizations have links on the NetAid site, which also carries links to the homes pages of Cisco, Akamai and KMPG.
"The point is not to raise money from the concerts; the point is to build a constituency of activists for development" through the Internet, said Mark Malloch Brown, UNDP director.
The NetAid Web site also attempts to dramatize the gulf between industrialized nations and the developing world. It offers implicit and sometimes overt critiques of Western lifestyles. Visitors to the site are likely to learn that "the richest 20 per cent of the world's people eat 11 times as much meat and seven times as much fish as the poorest 20 percent" as well as the following: "In the minute it will take you to read this, 13 children will have died in the world's poorest countries. Each day, the rich West gets $35 million in debt repayments from the poorest nations in Africa. . . . Debt can kill."
The site avoids much discussion of corruption, waste, ethnic warfare, governmental oppression, political strife or cultural practices that impede progress in developing countries.
Cisco says the NetAid Web site will be the most powerful in the world, capable of handling 60 million "hits" every hour or up to 125,000 simultaneous video "streams" of the concert.
Both U.N. Secretary General Kofi Annan and Malloch Brown have met with Belafonte to try to address his concerns.
According to the sponsors, the net proceeds from sales of concert tickets – which cost from $30 to $75 – will go to poverty relief programs in Africa, Kosovo and elsewhere. Additional funds collected from private donations made over the Internet will go to a variety of programs, including hunger-relief projects and refugee resettlement programs, officials said.
Malloch Brown said Belafonte had proposed to distribute the money throughout the U.N. system. Malloch Brown argued in favor of creating a nine-member panel, composed of representatives of the U.N., various charities, corporate sponsors and entertainers.
Belafonte said he was asked last year by the head of the U.N. Food and Agricultural Organization, Jacques Douf, to "please use whatever creative resources [were] at my disposal in the name of ending hunger."
He said he approached an acquaintance, Djibril Diallo, the communications director of the UNDP. But he says UNDP and Cisco Systems quickly seized control of the project.
"They co-opted the ownership of the Web site and the logo," Belafonte said. "I then decided I could not stay with the project and give it the grace of my presence, for whatever that was worth
While I advocate always being invested in the market (see Background Information below), duly note that my Technical Indicators are now saying we're in a Above-average Risk environment. The indicators turned Bearish on January 21, 2011.
Though, as I'm writing this capital markets of all shapes and sizes (from stocks to commodities) were being agitated by the implications of the Tunisian Turmoil. As many of you already aware, peoples' demands for freedom have now reached Egypt. This time the establishment is refusing to "cave in" so easily. Going forward, Monday's markets may bounce, but the contagion may reach other countries, particularly Saudi Arabia (which has publicly stated its support of Mubarak). Obviously, that would be a shock to the oil markets, (Strait of Hormuz, etc). Further, the Euro-Crisis remains an unresolved issue.
Behind the Indicators:
The Technical Indicators measure how the average stock is performing compared to the major market indices. For example, if the Dow Jones is performing well but there are more stocks declining than advancing, the indicators would turn Bearish. A Bearish reading is approximately -3% or lower.
Conclusion: Investors are not being compensated for all the risk they're taking on (witness the low corporate Bond spreads). By the very least, I would expect higher market volatility. At worst, a correction will ensue. I do not expect a Bear Market as economic fundamentals are improving (see below).
Note on Economic Growth: The headline news was that GDP for the fourth quarter 2010 was below expectations (up 3.2% vs 3.5% expectations). Actually, it was one of the best I've seen in years, looking behind the numbers. Consumer Spending was good and Final Sales were great, rising 7.1%, and the best since 1984 (this is GDP adjusted for the affects of inventories.).
As a long-term investor, I believe the time for Socially Responsible Investing is now…right NOW. Long-term investors are not concerned over the current level of the stock market and whether the Market’s going to rise or fall the next day.
I propose investors be “fully invested” in equities most of the time. Being “fully-invested” is different for different people depending on age, risk tolerance, etc. As a Heuristic, I suggest being 75% long equities as a “base-case” level. The remainder would be invested in bonds, real-estate, hard assets, and alternative/exotic investments (e.g., natural gas, platinum, rare-earth anyone?).
With that being said, there are certain times that are better to invest in the market. Rather than choosing tops and bottoms based on certain fundamental criteria (e.g. price to earnings ratio), I have developed two Market Timing Indicators. These indicators help me maintain objectivity with regards to my investment positions, as I have no influence on them. They were designed during late 1992 and have been updated weekly since.
The two major indicators are:
1. Sentiment: based on human behavior, and supported by theories backed by Behavioral Finance.
2. Technical: which measures market breadth, or underlying strength in the broad market. This indicator was Neutral-Slightly Negative early Jan'11, but turned Bearish on 1/21/11.
These indicators are used to obtain my Portfolio's Investment Position. Note, they do not know, or represent market levels. They are measures of perceived risk, especially the Sentiment Indicators. I have often taken mental notes of how everyone seems to clamor to buy things when their expected rate of returns are minimal compared to their inherent risks.
This website will include three simple colored (traffic) signals. Green for “Buy” (i.e, low-risk levels) which means allocate your portfolio to a fully-invested equity position. For me, that’s about 75-80% invested, but it could be lower for a more-risk adverse, or retired individual. Yellow, means caution, risk levels rising. Red means “High-Risk”; investors should reduce their investment positions to conservative levels perhaps 30-40% equity. The remainder could be in treasuries, gold, high-grade corporate bonds, etc.
Feel free to contact me for additional clarity or to answer other questions.
Mubarak's police forces who killed 80 demonstrators were trained from Helen Clark's UNDP for nearly 10 years
Chris Jarvis, of Realizedworth, recently posted his perspective on asking the right questions of a company's volunteer program: Not-"how much did you do?"- but rather, "what does what you do matter?"
One would suspect that Deloitte understands the point Chris has been making, as their four documentaries titled: Skills, Fellowship, Empower, Ready, answer that very important question of: “what does what they do matter?" as well as there own well posed questions.
These documentaries are not only self promotion for Deloitte's community involvement as they share the spotlight with the charities and organizations in these videos, so that a viewer learns a lot about each of them and their the impact to their communities. Each of these documentaries starts with the non-profits talking, followed by the stories of Deloitte's employees and their pro-bono work for each of these organizations, and a message reiterating Deloitte’s key mantra, that of adding value to the charities beyond just handing them a check.
By showing the added value of skills based volunteerism, the films provide several benefits to the charities and the company: they provide the charities more publicity and acknowledgment, good PR for the company’s community involvement programs, and they also serve as a great employee recruitment and development tool.
These are the things that matter, but beyond that Deloitte has chosen to provide inspiration to others through the use of the medium of video, showcasing them not only on their company site but on YouTube as well.
I chose to post the "Skills" documentary here because of the message that using skills-based volunteering creates the most value and has the most impact. You can watch it below and link through to see the others. Or you can see the entire documentary series at Deloitte.com and on YouTube.
Skills: “Why is skills based volunteerism so effective in eradicating effects of poverty?”
Robinhood Foundation gives grants that help New Yorkers’ build better lives for themselves and their families. They use investment principles and apply them to measure the impact of fighting poverty. Deloitte plugged into their by dedicating one of their "fellows" with six months of full time skilled volunteering to help Robinhood with impact measurement and their philanthropic investment returns.
Fellowship: “How can one pro-bono fellow help provide a new sense of purpose to returning war vets?”
Paralympics is an athletic competition run in conjunction with the Olympics, for veterans with injuries such as head traumas and of the spinal cord. Deloitte‘s philosophy is to match employees with the cause that gets them engaged personally. In this case, Deloitte brought in a wounded war veteran, an employee, to volunteer with the Paralympics program as well as to help to increase the number of rehabilitation institutes that offer Paralympic sports programs as part of their rehabilitation programs.
Empower: “How can data help create a college-going culture...and change the life of a 16 year old?”
College Summit helps kids from low income communities go to college with programs that involve peer leaders, mentorships and academic training as well as provides help with college applications and raising money for their college tuitions. As part of Deloitte’s signature commitment to supporting education, Deloitte has developed for College Summit a multimillion dollar database that has helped the organization to improve their programs and better deliver relevant information to high school and colleges. An outcome of this has been an increase in college applications and acceptances for their students and an overall 20 percent increase in college enrollment.
Ready: “Can project management really help save lives?”
California, a state with constant potential for major disasters needed a comprehensive volunteer organization. Disaster Corps, a cadre of a thousand highly trained government trained volunteers was created to address this problem. Deloitte brought in a team of advisers to analyze the needs of the program, to design the technology tools for improved project management that would help define the capacity of the volunteers, leverage their skills,and coordinate the volunteer organizations to deliver the emergency volunteer services. In essence to help California better able to respond to the eminent emergencies.
For related posts with videos:
Corporate Volunteers Get Into Gear For Back To School
It presents the opportunity for public interest law students from across the country to come together to meet each other and graduates who are paving the way for successful public service careers. There will be workshops designed to give students a sense of what a career in public interest law is like, as well as opportunities to network with lawyers who have chosen these fields.
The important information:
Robert M. Cover Retreat, 2011
Where: Sargent Center
Hancock, New Hampshire
When: Friday, March 4 - Sunday, March 6
Cost: $140 per person (the cost covers both attendance fees and meals during the retreat)
Registration: All registrations can be completed online (http://www.law.yale.edu/news/coverretreat11.htm ), and the deadline is February 15
Ideally, we're looking for "earthy, granola" organizations that are Big on ESG, especially within their community - the "S" in ESG. But, this community isn't just the community of investors, or other stakeholders such as suppliers. It isn't even just the local community where the company operates.
We believe, a company's employee community is just as important. It is employees who help create a corporation's unique personality/soul. When it works best, it builds a cohesive climate of mutual trust and respect where employees can feel comfortable to perform their best, not because they have to, but because they want to.
You know, there's a saying that "Charity begins at Home" meaning before you can even attempt to change the world in a positive way, you'd better look inside yourself first. As a side-note, we're using the word "Charity" to make a point. In reality, all we're looking for is that each and every one of us feel like we've got a fair shot of what we deserve in the first place.
We are fond of Working Mother magazine, and have read several of its presentations and publications. They have many interesting online articles including several lists, you can access here.
The list below is of the Best Companies for Multicultural Women. The publication's Working Mother Research Institute screened companies that provided great working environments for women of color, both in their support when they start at the company and throughout their career.
Companies were chosen based on detailed applications sent to the Institute, then an independent Research firm tabulated the scores. However, note that these companies were not elected or voted for by an advisory board/committee. For example, if a great company didn't submit an application, it was not included in the list.
Note: Most of these companies are publicly-traded, and thus, potential SRI candidates. Individual company excerpts are written by Working Mother Institute.
Disclosure: the author is long American Express, Cisco Systems.
Uncle Helen has been busted over at the UNDP watch blog for receiving gifts while on her overseas trips and not disclosing them. The gifts are said to be worth several hundred dollars apiece and maybe over $1000. And we are talking US$.
Funny thing is, as the blog notes itself, UN staffers do not have to disclose such gifts. On top of first class flights and a salary exceeding that of Eurocrats or Hillary Clinton, Uncle does seem on a nice little earner.
But surely, if she does not have to declare such gifts, what is to stop her from being unduly influenced by a particularly generous gift. What safeguards stop this? How can anyone check? Can it be all on trust?
This latest controversy comes on top of corruption and waste involving charity funds involving the UNDP, as reported by the Associated Press and others and picked up by RedBaiter of TrueBlueNZ.
They note some curious practices at the UNDP.
An AP investigation last year found the United Nations cut back severely on investigations into corruption and fraud within its ranks, shelving cases involving the possible theft or misuse of millions of dollars. That happened after the U.N. dismantled its anti-corruption Procurement Task Force at the end of 2008.
Mmmm. Helen Clark got the UNDP job in March 2009.
And as well as fraud, we get secrecy.
Parsons said that money — roughly a fifth of the fund’s portfolio — is effectively off-limits to investigators becauseUNDP won’t share their internal audit reports. As a result, the fund’s investigators can’t look more closely at some of the fund’s biggest multimillion-dollar losses.
In Mauritania, where UNDP manages the grant money, for example, the fund’s investigators say as much as 67 per cent of an anti-HIV grant was lost due to faked documents and other fraud. They say 67 per cent of the TB and malaria grant money they examined in that country was eaten up by faked invoices and other requests for payment.
UNDP, the U.N.’s main anti-poverty program, told AP it is reviewing its policy of keeping those audit reports to itself but “takes its responsibility towards our donors and the beneficiaries very seriously.”
UNDP Watch has already mentioned this latest scandal, but there’s more.
Recently a UNDP staffer alleged corruption, getting a curt response.
UNDP corruption came to light last month in the Southern Sudan.
Helen Clark orders a UNDP boss to attack the US Republicans and the Heritage Fundation, following their criticisms of the UN.
So scared is the UNDP of whistleblowing leaks, in November it announced it would spy on all staff and computers.
And there’s even more, especially if you look at the UN itself.
Of course, the issue for us, is how guilty is Helen Clark herself.
It does seem unlikely that she is directly feathering her own nest, syphoning off funds to her own Swiss bank account.
But as UNDP head, she is presiding over much and continuing corruption at the UNDP.
Perhaps she is too busy globetrotting on UNDP business, she’s in Yemen this week, to oversee and stamp out such matters.
Indeed, maybe she’s picking up too many undisclosed gifts and freebies!
Hat tip: TrueBlueNZ