Mackey Capitalism Curriculum - 260SmithWatt 70Neumann 50F.Abed , AI20s.com Fei-Fei Li, Zbee2024-03-29T07:04:32Zhttp://normanmacrae.ning.com/forum/topics/mackey-capitalism?commentId=6339278%3AComment%3A18667&feed=yes&xn_auth=noDC joining 20 chapters of con…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:187492014-01-25T20:29:36.364Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<p>DC joining 20 chapters of <a href="https://docs.google.com/document/d/1zyquWcxGHKHkwn6hzF_I4BkeOxyV9PRvIa0zr00qyRQ/edit" target="_blank">conscious capitalism</a> with special interest in youth jobs summits; link to students networking 2nd annual competition of 20 colleges in DC region<a href="http://storage.ning.com/topology/rest/1.0/file/get/2656717299?profile=original" target="_self"><img class="align-full" src="http://storage.ning.com/topology/rest/1.0/file/get/2656717299?profile=RESIZE_1024x1024" width="600"></img></a> prior co-sponsored event- launch of 24 month road to atlanta and 12 month road to Cape Town…</p>
<p>DC joining 20 chapters of <a href="https://docs.google.com/document/d/1zyquWcxGHKHkwn6hzF_I4BkeOxyV9PRvIa0zr00qyRQ/edit" target="_blank">conscious capitalism</a> with special interest in youth jobs summits; link to students networking 2nd annual competition of 20 colleges in DC region<a href="http://storage.ning.com/topology/rest/1.0/file/get/2656717299?profile=original" target="_self"><img width="600" src="http://storage.ning.com/topology/rest/1.0/file/get/2656717299?profile=RESIZE_1024x1024" width="600" class="align-full"/></a>prior co-sponsored event- launch of 24 month road to atlanta and 12 month road to Cape Town of youth and Nobel Laureates</p>
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<tbody><tr><td>Nov 15-19,2015,<i> </i>Atlanta<i> - <a href="https://www.google.com/search?site=&source=hp&q=mayor+nobel+2015+atlanta+olympics&oq=mayor+nobel+2015+atlanta+olympics&gs_l=hp.3...2482.15631.0.15917.33.33.0.0.0.0.188.3286.20j13.33.0....0...1c.1.32.hp..11.22.2265.t5Cv3NM1f1E">Greatest Celebration of Youth since Olympics</a></i><br/> <img class="align-full" height="154" src="http://storage.ning.com/topology/rest/1.0/file/get/2656717869?profile=original" width="474"/><br/>
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</tbody>
</table> Jeff Klein
CEO/activator, a…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:184782014-01-25T19:09:24.706Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<ul class="plist">
<li class="active" id="chapter_user_desc_17"><img alt="" height="310" src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-17-1389874091.jpg" width="260"></img><h2>Jeff Klein</h2>
<p><span>CEO/activator, author, producer & process facilitator |</span> Working for Good</p>
<p><a href="http://www.workingforgood.com/">Working for Good</a><br></br><a href="http://www.workingforgood.com/learn">It's Just Good Business - Book</a><br></br><a href="http://www.entheos.com/radio/shows/Its-Just-Good-Business">It's Just Good Business - Radio…</a><br></br></p>
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</ul>
<ul class="plist">
<li id="chapter_user_desc_17" class="active"><img src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-17-1389874091.jpg" width="260" height="310" alt=""/>
<h2>Jeff Klein</h2>
<p><span>CEO/activator, author, producer & process facilitator |</span> Working for Good</p>
<p><a href="http://www.workingforgood.com/">Working for Good</a><br/><a href="http://www.workingforgood.com/learn">It's Just Good Business - Book</a><br/><a href="http://www.entheos.com/radio/shows/Its-Just-Good-Business">It's Just Good Business - Radio</a><br/><a href="http://www.entheos.com/academy/courses/The-Practice-of-Working-for-Good">The Practice of Working of Working for Good</a></p>
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<p><iframe width="460" height="285" frameborder="0" src="http://www.youtube.com/embed/71KONTphC2g?wmode=opaque"></iframe>
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<p>As CEO of Working for Good, Jeff Klein activates, produces and facilitates mission-based, Stakeholder Engagement Marketing™ campaigns and Conscious Culture development programs.</p>
<p>Jeff is a trustee and member of the executive team of Conscious Capitalism, Inc. and producer of Conscious Capitalism events. He authored the award-winning book,<em>Working for Good: Making a Difference While Making a Living</em>and hosts a weekly radio program called <em>It's Just Good Business</em>.</p>
<p>Jeff serves as Executive Director of BeingHuman.org and producer of Being Human events. His new book, <em>It's Just Good Business; The Emergence of Conscious Capitalism & the Practice of Working for Good</em> is a concise introduction to the principles of Conscious Capitalism and practices for bringing the principles to life.</p>
<p>He love surfing, Brazilian Jiu-Jitsu, ChiRunning and moving in general. He is an actively engaged father of a teenage daughter, and lives in San Rafael, Calif. For more information visit workingforgood.com</p>
<p><span class="styles file-styles large media-image img__fid__1061 img__view_mode__media_large attr__format__media_large" id="styles-1-0"><img id="1" src="http://www.consciouscapitalism.org/system/files/styles/large/s3/1355698769_IJGB-cover-RGB.jpg" name="1"/></span></p>
</li>
</ul> Jack Lowe Jr.
Board Chair |…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:186762014-01-25T18:04:52.974Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<ul class="plist">
<li class="active" id="chapter_user_desc_15010"><img alt="" height="310" src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-15010-1389913752.jpg" width="260"></img><h2>Jack Lowe Jr.</h2>
<p><span>Board Chair |</span> TDIndustries</p>
<p><a href="http://www.tdindustries.com/">TDIndustries </a><br></br><a href="https://www.youtube.com/user/TDIndustriesChannel">YouTube</a></p>
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<p></p>
<p>Jack joined TDIndustries in 1964, became the CEO and Board Chair in 1980, and in December 2004, retired as CEO. TDIndustries is a national mechanical construction and facility service company,…</p>
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</ul>
<ul class="plist">
<li id="chapter_user_desc_15010" class="active"><img src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-15010-1389913752.jpg" width="260" height="310" alt=""/>
<h2>Jack Lowe Jr.</h2>
<p><span>Board Chair |</span> TDIndustries</p>
<p><a href="http://www.tdindustries.com/">TDIndustries </a><br/><a href="https://www.youtube.com/user/TDIndustriesChannel">YouTube</a></p>
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<p></p>
<p>Jack joined TDIndustries in 1964, became the CEO and Board Chair in 1980, and in December 2004, retired as CEO. TDIndustries is a national mechanical construction and facility service company, headquartered in Dallas, with offices in Austin, Ft. Worth, Houston, Phoenix, and San Antonio.</p>
<p>Founded in 1946, TDIndustries has developed into one of America’s premier specialty contracting companies. For sixteen consecutive years, the company has appeared in FORTUNE magazine’s list of the 100 best companies to work for in America. Jack Lowe attributes the trust which underpins their success to the employee-owned company’s “servant leader” philosophy, in which all 1700 employees are Partners. 2012 revenue is about 375 million dollars.</p>
<p>Jack graduated Magna Cum Laude from Rice University with a BA and BSEE degrees, and served two years in the U. S. Navy. He and his wife, Mary, have six grown children and nine grandchildren.</p>
</li>
</ul> Doug Rauch
CEO, Conscious C…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:184772014-01-25T18:02:30.265Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<ul class="plist">
<li class="active" id="chapter_user_desc_22"><img alt="" height="310" src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-22-1349082630.jpg" width="260"></img><h2>Doug Rauch</h2>
<p><span>CEO, Conscious Capitalism, Inc. |</span>Former President, Trader Joes</p>
<p><a href="http://www.consciouscapitalism.org/">Conscious Capitalism, Inc.</a><br></br><a href="http://www.traderjoes.com/">Trader Joe's</a></p>
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<p></p>
<p>Doug spent 31 years with Trader Joe's Company, the last 14 years as President, helping grow the business from a small, nine-store chain in Southern California, to a…</p>
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</ul>
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<li id="chapter_user_desc_22" class="active"><img src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-22-1349082630.jpg" width="260" height="310" alt=""/>
<h2>Doug Rauch</h2>
<p><span>CEO, Conscious Capitalism, Inc. |</span>Former President, Trader Joes</p>
<p><a href="http://www.consciouscapitalism.org/">Conscious Capitalism, Inc.</a><br/><a href="http://www.traderjoes.com/">Trader Joe's</a></p>
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<p></p>
<p>Doug spent 31 years with Trader Joe's Company, the last 14 years as President, helping grow the business from a small, nine-store chain in Southern California, to a nationally acclaimed retail success story with more than 340 stores in 30 states. He developed their prized buying philosophy, created their unique private label food program, and wrote and executed the Business Plan for expanding Trader Joe’s nationally. In 1996 he moved to Boston to successfully bring Trader Joe’s to the east. He received his Executive M.B.A. from the Peter Drucker School of Management, Claremont University, where he won several honorary awards including the Early Career Outstanding Entrepreneur Award from Peter Drucker. He retired from Trader Joe’s in 2008. Doug is CEO of Conscious Capitalism Inc.; a recent Senior Fellow in Harvard’s Advanced Leadership Initiative; Trustee at Olin College; Chairs the Board of Overseers at WBUR; and serves on the board of several for-profit and non-profit companies. Much of his time is currently spent working on an innovative non-profit solution to the issue of “food waste” and hunger/obesity by bringing high quality, nutritious food at affordable prices to the underserved in our inner cities.</p>
</li>
</ul> Laura Roberts
CEO | Pantheo…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:185632014-01-25T18:00:15.953Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<ul class="plist">
<li class="active" id="chapter_user_desc_150"><img alt="" height="310" src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-150-1389947157.jpg" width="260"></img><h2>Laura Roberts</h2>
<p><span>CEO |</span> Pantheon Enterprises, Inc.</p>
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<p></p>
<p> </p>
<p>Co-founder and CEO of Pantheon Enterprises, Ms. Roberts is a leading force behind the company's business development and expansion plan. Since 1999 Ms. Roberts directed an extensive reorganization of the company to include: development of its executive management team; protection of its IP; automation of its manufacturing…</p>
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</ul>
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<li id="chapter_user_desc_150" class="active"><img src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-150-1389947157.jpg" width="260" height="310" alt=""/>
<h2>Laura Roberts</h2>
<p><span>CEO |</span> Pantheon Enterprises, Inc.</p>
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<p></p>
<p> </p>
<p>Co-founder and CEO of Pantheon Enterprises, Ms. Roberts is a leading force behind the company's business development and expansion plan. Since 1999 Ms. Roberts directed an extensive reorganization of the company to include: development of its executive management team; protection of its IP; automation of its manufacturing operations; and a clear definition of its marketing and distribution strategy. Additionally she secured the necessary financing to commercialize the chemical technologies throughout multiple worldwide distribution channels.</p>
<p>A decade later, Pantheon Enterprises has expanded globally and realized tremendous success in several markets with award winning products. Dubbed "The Toxic Avenger" by Forbes Magazine, Roberts formed Pantheon Enterprises with a fierce commitment to shattering the myth that green technologies are less effective and more expensive. Its mission continues to be to develop and commercialize products that help customers to increase financial growth while at the same time sustain human health and safety, social responsibility and environmental efforts. Roberts’ efforts in driving the corporate mission and vision resulted in Pantheon Enterprises being recognized in 2012 and 2013 as one of Ethisphere’s World’s Most Ethical Companies.</p>
<p>Roberts is a summa cum laude graduate of Northern Arizona University. Ms. Roberts is a member of the Phi Kappa Phi Honor Society and for two successive years enjoyed the distinction of being the University's highest ranking scholar. She is a graduate of the highly regarded business executive program at MIT Sloan School of Management. She is also a graduate of The Integral Leadership Program at the Stagen Institute.</p>
<p>Ms. Roberts is currently a member of Young Presidents’ Organization, a global network of young chief executives with a rigorous selection and application process. She serves on the Advisory Committee for Northern Arizona University's NAUTeach Program - a program committed to increasing the number and quality of math and science teachers. She is a member of the Environmental Entrepreneurs (E2) organization. Roberts serves on the Leadership Council for Pachamama Alliance, an organization committed to sustainability and social justice. She currently holds board positions with CWS, an organization dedicated to disaster relief and refugee assistance, Beyond Benign, an organization dedicated to revolutionizing the way chemistry is taught to better prepare students and Conscious Capitalism, an organization focused on promoting <em>higher purpose</em> in business. Roberts has previously held Board positions with The Greater Phoenix Chamber of Commerce, The March of Dimes, the Arizona Business Leadership Group, and the Hospitality Industry Hall of Honors at the University of Houston.</p>
</li>
</ul> Shubhro Sen
Director | Tata…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:184762014-01-25T17:56:40.127Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<ul class="plist">
<li class="active" id="chapter_user_desc_24"><img alt="" height="310" src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-24-1352327903.jpg" width="260"></img><h2>Shubhro Sen</h2>
<p><span>Director |</span> Tata Management Training Center</p>
<p><a href="http://www.tmtctata.com/">TATA</a></p>
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<p></p>
<p>Shubhro Sen is a globally recognized expert on IT and business process outsourcing. He is the “father of Enterprise Outsourcing Management” [EOM], a stakeholder-centric approach to global sourcing strategy and service delivery. He created the Outsourcing Quotient (OQTM), a…</p>
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<li id="chapter_user_desc_24" class="active"><img src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-24-1352327903.jpg" width="260" height="310" alt=""/>
<h2>Shubhro Sen</h2>
<p><span>Director |</span> Tata Management Training Center</p>
<p><a href="http://www.tmtctata.com/">TATA</a></p>
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<p></p>
<p>Shubhro Sen is a globally recognized expert on IT and business process outsourcing. He is the “father of Enterprise Outsourcing Management” [EOM], a stakeholder-centric approach to global sourcing strategy and service delivery. He created the Outsourcing Quotient (OQTM), a composite measure of outsourcing performance which, for the first time, includes explicit assessment of the impact of outsourcing on communities and other key local stakeholders in the calculation of the net enterprise benefits of such initiatives.</p>
<p> </p>
<p>Since 1987 Shubhro has been a co-founder and CEO of multiple businesses in the US and India and has led them to market success worldwide as well as successful exits. In 2003, he co-founded and became executive publisher of FSO, a publication and portal dedicated to financial services outsourcing, which today is a global leader in its sector. Shubhro received his PhD in Business Administration from the Haas School of Business, University of California, Berkeley, where he was both a Flood and a Shansby Fellow as well as the recipient of a research fellowship at the Federal Trade Commission. He received an MS in Finance from the University of Illinois, Urbana; an MA in International Relations from the School of International Studies, Nehru University, Delhi, and a BA [Honors] in Economics from Delhi University, where he was also recognized with the Rector’s prize for outstanding undergraduate achievement.</p>
</li>
</ul> John Mackey
Co-Founder &…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:184752014-01-25T17:54:05.724Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<ul class="plist">
<li class="active" id="chapter_user_desc_20"><img alt="" height="310" src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-20-1349082702.jpg" width="260"></img><h2>John Mackey</h2>
<p><span>Co-Founder & Co-CEO |</span> Whole Foods Market</p>
<p><a href="http://www.wholefoodsmarket.com/whole-foods-market">Whole Foods Market</a><br></br><a href="http://www.wholeplanetfoundation.org/">Whole Planet Foundation</a><br></br><a href="http://wholekidsfoundation.org/">Whole Kids Foundation</a></p>
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<p></p>
<p> </p>
<p>John Mackey, co-founder and co-CEO of Whole Foods Market, has taken the…</p>
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<li id="chapter_user_desc_20" class="active"><img src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-20-1349082702.jpg" width="260" height="310" alt=""/>
<h2>John Mackey</h2>
<p><span>Co-Founder & Co-CEO |</span> Whole Foods Market</p>
<p><a href="http://www.wholefoodsmarket.com/whole-foods-market">Whole Foods Market</a><br/><a href="http://www.wholeplanetfoundation.org/">Whole Planet Foundation</a><br/><a href="http://wholekidsfoundation.org/">Whole Kids Foundation</a></p>
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<p></p>
<p> </p>
<p>John Mackey, co-founder and co-CEO of Whole Foods Market, has taken the natural and organic grocer from a single store in Austin, Texas in 1978, to an $11.7 billion Fortune 300 company and a top U.S. supermarket with more than 347 stores and 73,000 Team Members in three countries. In 1981, Austin's worst flood in history almost bankrupted the original store, and community efforts to save it shaped Mackey's leadership philosophy to "do right by your stakeholders and they'll do right by you."</p>
<p> </p>
<p>While devoting his entire career to providing shoppers with high quality natural and organic foods, Mackey has also focused on building a more conscious way of doing business. He led the company through 19 acquisitions and took the company public in 1992. The company has the highest stock market valuation of any dedicated U.S. food retailer and plans to grow to 1,000 stores.</p>
<p> </p>
<p>For 15 consecutive years, FORTUNE magazine has included Whole Foods Market on its "100 Best Companies to Work For" list. The company was named "America's Healthiest Grocery Store" by Health Magazine, one of the nation's "Top 25 Green Energy Leaders" by Scientific American one of the "World's Most Ethical Companies" by the Ethisphere Institute. FORTUNE magazine also named Whole Foods Market the Most Admired Food and Drug Store Company in the World in 2012.</p>
<p> </p>
<p>Mackey has been the visionary for many successful programs at the core of Whole Foods Market. He created the Whole Planet Foundation in 2005 to help end poverty in developing nations. The foundation has helped more than 200,000 poor entrepreneurs in 50 countries. Thanks to Mackey, Whole Foods Market was the first national grocer to set and implement standards for humane farm animal treatment for the meat products it sells. In 2007, he launched the Local Producer Loan Program to help local farmers and food producers expand their businesses and committed $10 million per year to help grow their businesses through low-interest loans.<br/>Most recently, Mackey has focused on returning to the company's roots around healthy eating and lifestyle choices. A staunch advocate of healthy eating education, he laid the foundation for health and wellness programs for team members and customers.</p>
<p> </p>
<p>In 2003, he was named Ernst & Young's Entrepreneur of the Year Overall Winner for the United States and Bon Appétit magazine's "Tastemaker of the Year". Vanity Fair called him "Best Provider" in its "Best of the Best in 2004," Institutional Investor magazine rated him second on its "Best CEOs in America" list in 2005, and Barron's put him on their "World's Best CEOs" list in 2006. In 2008, he received an honorary Doctorate from Bentley College. And, in 2011, MarketWatch called him CEO of the Year and FORTUNE magazine called him "Businessperson of the Year." In 2012, Esquire magazine named him one of the "Most Inspiring CEOs" and FORTUNE named him one of the "12 Greatest Entrepreneurs of Our Time."</p>
<p> </p>
<p>Out of his respect for equity among Team Members, Mackey implemented a salary cap for all executives. He cut his own salary to $1 annually in 2006, and forgoes stock options and bonuses. He continues to work for Whole Foods Market out of a passion to see the business realize the potential for deeper purpose, for the joy of leading a great company, and to answer the call to service he feels in his heart.</p>
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</ul> R. Edward Freeman
Professor…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:185622014-01-25T17:52:19.203Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<ul class="plist">
<li class="active" id="chapter_user_desc_13"><img alt="" height="310" src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-13-1349082936.jpg" width="260"></img><h2>R. Edward Freeman</h2>
<p><span>Professor |</span> Darden School, University of Virginia</p>
<p><a href="http://web3.darden.virginia.edu/MBA-All/?gclid=CPbFx73rjbQCFad_QgodviIAJg">UVA Darden School of Business</a></p>
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<p></p>
<p>R. Edward Freeman joined the Darden Graduate School of Business Administration in 1987. Currently he is University Professor and Elis and Signe Olsson Professor of Business Administration;…</p>
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<li id="chapter_user_desc_13" class="active"><img src="http://www.consciouscapitalism.org/sites/default/files/styles/user_thumb_extra_large/public/pictures/picture-13-1349082936.jpg" width="260" height="310" alt=""/>
<h2>R. Edward Freeman</h2>
<p><span>Professor |</span> Darden School, University of Virginia</p>
<p><a href="http://web3.darden.virginia.edu/MBA-All/?gclid=CPbFx73rjbQCFad_QgodviIAJg">UVA Darden School of Business</a></p>
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<p></p>
<p>R. Edward Freeman joined the Darden Graduate School of Business Administration in 1987. Currently he is University Professor and Elis and Signe Olsson Professor of Business Administration; Senior Fellow of the Olsson Center for Applied Ethics; and, Academic Director of the Business Roundtable Institute for Corporate Ethics. Freeman is also Professor of Religious Studies and a Faculty Advisor to the University's Institute for Practical Ethics. He is also Adjunct Professor of Stakeholder Management at the Copenhagen Business School in Denmark and a Visiting Professor at Nyenrode Business School (Netherlands). He currently holds an honorary appointment as the Welling Professor at George Washington University and the Gourlay Professorship at University of Melbourne. Prior to coming to The Darden School Mr. Freeman taught at University of Minnesota, and The Wharton School, University of Pennsylvania. Mr. Freeman's latest book, Stakeholder Theory: The State of the Art was published by Cambridge University Press in 2010. Managing for Stakeholders was published in 2007 by Yale University Press. His co-authors are Jeffrey Harrison, Andrew Wicks, Bidhan Parmar, and Simone de Colle. He is the author or editor of over twenty volumes and one hundred articles in the areas of stakeholder management, business strategy and business ethics. Freeman is perhaps best known for his award winning book: Strategic Management: A Stakeholder Approach, published in 1984, where he traced the origins of the stakeholder idea to a number of others, and suggested that businesses build their strategy around their relationships with key stakeholders. That book was re-issued in 2010 by Cambridge University Press. He was the editor of the 15 volume Ruffin Series in Business Ethics published by Oxford University Press. He is the co-editor with S. Hart and D. Wheeler of the new series, Business, Society and Value Creation, published by Cambridge University Press, which currently contains six volumes. Mr. Freeman has a Ph.D. in Philosophy from Washington University, and a B.A. in Mathematics and Philosophy from Duke University. He was recently awarded an honorary doctorate in economics (DHC) from Comillas University in Madrid for his work on stakeholder theory and business ethics. He has received the 6th Annual Outstanding Teaching Award from the Wharton Advisory Board, a Top Ten Teachers Award from the Wharton MBA Program, and in 1986 was named Teacher of the Year at the Carlson School of Management, University of Minnesota. In 1991, 1998, 2002, 2004, 2007, and 2008 he was selected by the graduating class of the Darden School to be a Faculty Marshall. In 1993 he was chosen for the Outstanding Faculty Award by the Darden student body. In 2001 he was honored by the World Resources Institute and the Aspen Institute with a Pioneer Award for Lifetime Achievement. In 2005 he received the Outstanding Faculty Award from the Virginia State Council on Higher Education. Mr. Freeman is a lifelong student of philosophy, martial arts, and the blues.</p>
</li>
</ul> whole cities foundation
Wh…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:187472014-01-25T17:40:57.239Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
<p>whole cities foundation</p>
<p> </p>
<ol id="rso">
<li class="g"><div class="rc"><h3 class="r"><a href="http://www.mercurynews.com/ci_22435643/whole-foods-ceo-finds-conversation-quickly-turns-his"><span>Whole</span> Foods CEO finds the conversation quickly turns to his politics <b>...…</b></a></h3>
<div class="s"><div><div class="thb th"><a href="https://www.google.com/search?q=whole+cities+foundation&tbs=ppl_ids:--106148333025945784990-,ppl_nps:Heather+Somerville,ppl_aut:1"><img border="0" height="44" id="apthumb0" name="apthumb0" width="44"></img></a></div>
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<p>whole cities foundation</p>
<p> </p>
<ol id="rso">
<li class="g"><div class="rc"><h3 class="r"><a href="http://www.mercurynews.com/ci_22435643/whole-foods-ceo-finds-conversation-quickly-turns-his"><span>Whole</span> Foods CEO finds the conversation quickly turns to his politics <b>...</b></a></h3>
<div class="s"><div><div class="thb th"><a href="https://www.google.com/search?q=whole+cities+foundation&tbs=ppl_ids:--106148333025945784990-,ppl_nps:Heather+Somerville,ppl_aut:1"><img height="44" id="apthumb0" width="44" border="0" name="apthumb0"/></a></div>
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<br/> <span class="st"><span class="f">Jan 23, 2013 - </span><span>Whole</span> Foods CEO John Mackey gives a talk prior to signing copies of <b>....</b> <span>Whole Cities</span>, the company's third nonprofit <span>foundation</span>, which is still in <b>...</b></span></div>
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<br/> <span class="st"><span class="f">Feb 18, 2013 - </span>Co-CEO John Mackey, speaking recently at the Economic Club of Chicago, says <span>Whole</span> Foods is creating a <span>foundation</span>, <span>Whole Cities</span>, to open <b>...</b></span></div>
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<br/> <span class="st"><span>Whole</span> Planet <span>Foundation's</span> mission is poverty alleviation in developing-world communities where <span>Whole</span> Foods Market® sources products. Through microcredit <b>...</b></span></div>
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<div class="f slp">Austin, Texas - Executive Director at Whole Cities Foundation of Whole Foods Market</div>
<br/> <span class="st">Executive Director at <span>Whole Cities Foundation</span> of Whole Foods Market. Location: Austin, Texas (Austin, Texas Area); Industry: Nonprofit Organization <b>...</b></span></div>
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<br/> <span class="st"><span class="f">Nov 26, 2013 - </span>the <span>Whole Cities Foundation</span>. Meredith's enormous heart and passion for bringing healthy food to. underserved communities makes her the <b>..</b></span></div>
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</ol> FAQs About Interest Rates, C…tag:normanmacrae.ning.com,2014-01-25:6339278:Comment:186682014-01-25T15:02:30.439Zchris macraehttp://normanmacrae.ning.com/profile/s0neqm9lsoui
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<div><div class="inset"><div class="one"><div><h4>FAQs About Interest Rates, Credit Abuse and World Poverty</h4>
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<dt class="accordion_toggle">1. What about the poor living idyllic lives on peaceful small farms? And protecting them from a consumer mentality & big businesses & those who surely would abuse them?</dt>
<dd class="accordion_content"><p>• Living at the poverty level is very dangerous, precarious, and not at all idyllic. Suicides among the poor,…</p>
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<p></p>
<div><div class="inset"><div class="one"><div><h4>FAQs About Interest Rates, Credit Abuse and World Poverty</h4>
<dl class="books9">
<dt class="accordion_toggle">1. What about the poor living idyllic lives on peaceful small farms? And protecting them from a consumer mentality & big businesses & those who surely would abuse them?</dt>
<dd class="accordion_content"><p>• Living at the poverty level is very dangerous, precarious, and not at all idyllic. Suicides among the poor, although not generally studied, are believed to be quite common, perhaps with rates much higher than in the wealthy countries.</p>
<p>• Chronic childhood malnutrition is very common and reduces a child’s IQ by an average of 20%. (Per the noted Peruvian economist – not the Spanish explorer - Hernando de Soto).</p>
<p>• Almost uncountable parasites and diseases such as malaria, dengue, Rotavirus, and seemingly countless others kill millions of poor every year. Disease which we don't have to worry about and for the most part conquered years ago.</p>
<p>• Life expectancy can easily be half of ours.</p>
<p>• Suicides have always been high among the poor. Before microcredit, there were moneylenders – loan sharks. Many so-called “microfinance” lenders today are just loan sharks in new clothes that use brutal techniques to collect delinquent loans.</p>
<p><strong>There are many causes for suicides among the poor, just like with the wealthy, such as:</strong></p>
<p>1. Release from the burden of a dull, stifling life of hard labor.</p>
<p>2. Escape from the responsibility of supporting a large family created as a sort of social security for “old age” (sometime after 30) and to provide “free” labor for the family farm.</p>
<p>3. Escape from illness, including chronic depression and other mental illnesses where there is no money for medical care, or no medical care even if a little money could be found.</p>
<p>4. Old age itself is an additional burden on the poor family and is often accompanied by painful physical conditions from decades of working the farms. Suicide is what you do when medicine and hospice are not available.</p>
<p><strong>Life on the "poverty factory", i.e. the subsistence and so-called "peaceful" farms, is gut wrenchingly difficult with 16+ hours of backbreaking days for both the very young and old is not uncommon during planting and harvest seasons.</strong></p>
<p>• At the best of times, these farms breed little more than child labor, chronic malnutrition, over population, and ignorant illiterate people who will never be able to escape poverty. During the worst of times, they breed famine and even an early death.</p>
<p>• The farms get smaller with each new generation trying to farm the same plot of land. The rest flee to the city, but are ill prepared to do much except manual labor.</p>
<p>• These farms and farmers are some of the worst environmental stewards, destroying forests, over using chemicals and soil depletion among others.</p>
<p>• Suicides are not uncommon, as poor nutrition, high infant mortality, diseases, grueling work or not enough work, putrid living conditions all take a psychological toll.</p>
<p><strong>Local moneylenders, government bureaucrats, and other local plutocrats abuse and steal from the poor who have no power or rights to stop them.</strong></p>
<p>• Property rights are almost non-existent. De Soto’s studies show that wealth creation is almost impossible without some way of storing wealth in real assets.</p>
<p>• Judicial systems are corrupt and favor the landowners and wealthy.</p>
<p>• Police frequently brutalize the poor, especially with the urban slum dwellers.</p>
<p>• When governments ban <dfn><a href="http://www.wholeplanetfoundation.org/resource-center/glossary/#microloan" rel="microloans are small loans - usually $200 or less - requiring no collateral or contract. They are offered to the poorest of the poor, with a focus on women, to finance self-employment projects that will generate income and allow them to escape poverty so that they can provide food and shelter for themselves and their families.">microloans</a></dfn> to the poor or heavily regulate interest rates this only deprives the poor access to capital that could help them live better lives and drives them into the hands of the local moneylenders who interest rates can run into the thousands.</p>
<p><strong>Loan sharks use brutal techniques to collect on delinquent loans and confiscate meager property.</strong></p>
<p>• These local moneylenders are often the same government bureaucrats who are outlawing the competition.</p>
<p>• Slum landlords in many cities are actually bureaucrats who build shanties and rent them out to the poor. Property rights and micro lending give the poor weapons to use against these corrupt bureaucrats who are often trying to kill any legislature that would impinge on their side businesses.</p>
<p><strong>WPF <em>refuses</em> to work with government run MFIs (microfinance institutions), as we’ve found these are almost always poorly run, corrupt and generally inept.</strong></p>
<p><strong>Whole Planet Foundation works primarily with Grameen or Village type microloan organizations that do not require collateral or use legal coercive means to collect.</strong></p>
<p>1. The Grameen or Village Method is fairly complicated but includes a gradual increase in credit as the borrower proves she can handle the debt.</p>
<p>2. The group (of usually 5) guarantees the first borrow whom they select to receive the groups first loan. Once that loan is being repaid successfully, a second member is selected and so forth.</p>
<p>3. Due diligence is done and education is given to make sure the borrower has not taken out other loans or will take out other loans.</p>
<p>4. Loans are kept small. The example of the Bangladeshi woman who had $250 in debt, which is almost 2 years income to a subsistence Bangladeshi farmer (urban manual labor pays $17 a month) could never happen in a Grameen style MFI that is run correctly</p>
<p>5. We do an enormous amount of local due diligence and site visitations before agreeing to fund a particular MFI. We now have permanent Regional Director stationed in Latin America (Costa Rica), Africa (Senegal) and Asia (Hanoi).</p>
<p><strong>Multinational businesses are now seeing that there is a lot of business that can be done with the poorest-of-the-poor by packaging and pricing their products specifically for the poor.</strong></p>
<p>• These quality products are no more expensive than the traditional poor quality products the poor have been buying.</p>
<p>• These new products often generate much needed jobs at this level, the so-called “bottom of the pyramid”.</p>
<p>• The poor have the right to not only access to capital but quality products that will make their lives a little nicer, easier and dignified.</p>
<p>• Yet many anti-business groups oppose big business from providing services to the poor.</p>
<p><strong>Becoming part of the world community, the "consumer mentality" community will bring prosperity and a happier and heathier life to the world's poorest.</strong></p>
<p>• It is estimated that by the end of this century the average "poorest of the poor" person at the very least will be living at the level of an average person in Portugal today and very easily could be living at the level of an average lower middleclass American. In essence, world poverty as we know it will have been eradicated.</p>
</dd>
<dt class="accordion_toggle">2. Does it work?</dt>
<dd class="accordion_content"><p>• In one word, <strong>YES</strong>, microcredit can help relieve poverty, but it is not a silver bullet. A poor women and her family do not escape poverty after receiving a single loan. Challenges continue but microcredit provides a tool and access to capital in order to change her and her family’s lives.</p>
<p>• Whole Planet Foundation believes in the power of the poor and is committed to supporting new, more, and better opportunities to alleviating poverty.</p>
<p><strong>The claim that after decades of microlending in Bangladesh there is no evidence that poverty has been reduced is a comment we’ve heard often.</strong></p>
<p>• Bangladesh’s population now stands at over 160,000,000, or more than half what we have in the US and they are all crammed into a space about the size of Ohio.</p>
<p>• Obvious poverty hasn’t been reduced due to the huge population growth; population growth is a result of extreme poverty.</p>
<p>o Still, millions of lives have been improved although the need is still huge and demand for capital enormous.</p>
<p>o Nevertheless, even in Bangladesh the growth of the population is now about half what it was in the 1970’s.</p>
<p>o This follows the worldwide trend that as a population gets wealthier, the rate decreases.</p>
<p>• This seems to contradict the report, which states that according to “standard” measurements poverty hasn’t improved.</p>
<p>o We’ve never seen any measurements standards that are even remotely close to being universal. Indeed, we believe that each community would have to have its own standards to measure against.</p>
<p>• It is undeniable that when a woman consistently takes out and repays microloans successfully, as millions in Bangladesh and elsewhere have done, her family income will improve.</p>
<p>o Perhaps not above the so-called poverty level of, say, $4-5 a day, but many easily double the $1 or less a day income to $2 or more.</p>
<p>o This increased income is generally spent on the wellbeing of the family, providing better nutrition, education, housing and medical care for children and, thus, giving these children the real opportunity to escape poverty.</p>
<p>o We like to say that escaping poverty is generational.</p>
</dd>
<dt class="accordion_toggle">3. Is Whole Planet Foundation funding microcredit in India?</dt>
<dd class="accordion_content"><p>• Yes, Whole Planet Foundation partners with Professor Muhammad Yunus and Grameen Trust in the state of Kerala which is not affected by the issues in Andhra Pradesh, India. The criticisms, like collection methods and interest rates of the Andhra Pradesh State Government are key factors that the Whole Planet Foundation programs team has looked at with all of our partners.</p>
<p>• The recent suicides in India are very unfortunate circumstances. Indeed these are not Whole Planet Foundation-supported borrowers as we partner only with global MFIs that share our philosophy and allow us absolute transparency into their practices and accounting for us to independently evaluate and monitor in order to guarantee that our borrowers are treated fairly and with respect.</p>
<p>• A well run MFI takes great pain to make sure borrowers are not borrowing from multiple sources and that their credit load is manageable. However, as one can imagine, where money is involved, the unscrupulous abound. Our advice would be to ignore the sensationalist press reports always looking for the provocative.</p>
</dd>
<dt class="accordion_toggle">4. Who sets the interest rate and how is it determined? Are interest rates to the poor usurious?</dt>
<dd class="accordion_content"><p>• Whole Planet Foundation does not set interest rates. Interest Rates charged by Whole Planet Foundation microfinance partners in the field are impacted by a number of factors and vary by country. We work with MFIs that have agreed to keep the interest as low as possible while covering inflation, cost of capital, MFI overhead, and other associated health, savings, insurance, and education services (when these service are offered), and profit. Profits are retained at the lending center and used to further possibly larger loans.</p>
<p>• Sometimes they are very high by Western standards, but the highest rates inevitably come from moneylenders who traditionally are the only ones willing to lend to the poor. Risks can be substantial, but the poor are usually good credit risks.</p>
<p><strong>So, why the high rate from moneylenders?</strong></p>
<p>1. In short, lack of competition. The term “usury” is subjective. What appears usurious to the West is actually quite reasonable, all things considered, in the developing world.</p>
<p>2. Interest rate levels in a competitive free market place will follow three laws of “neoclassical” economics (per Mark Skousen’s excellent “The Making of Modern Economics”:</p>
<p><strong>The Law of Imputation</strong></p>
<p>• The Consumer Origin of Value; i.e. the consumer alone determines “productive activity” not the government or labor (as the Marxist asserted) or anyone else. The FINAL demand determines pricing.</p>
<p><strong>Marginal Utility/Cost</strong></p>
<p>• i.e. prices and costs are determined at the “margins”; by the benefit/cost to buyers and sellers. The poor borrower will determine if there is sufficient benefit she can derive from paying the cost of a loan.</p>
<p><strong>Subjective Value is ENTIRELY dependent on the DESIRES of consumers and producers</strong></p>
<p>• i.e. wages, rents, interest and profits are determined by the subjective valuations of the consumer and users. (The borrower isn’t going to pay the interest rate if it doesn’t have the value they think is necessary to justify the price.)</p>
<p><strong>That’s theory and the reality is that interest rates charged by competent, socially conscious microfinance organizations (MFI) are sometimes very high, as well. Note: Even Grameen Trust, Grameen Method MFIs and other MFI’s APR interest rates can reach to 70% and beyond. Why? Several reasons: Interest rates are determined locally by five main factors. They are:</strong></p>
<p>1. Rate of inflation in the country</p>
<p>• Double digit inflation is not uncommon in developing countries. Interest rates have to cover inflation.</p>
<p>2. The cost of capital (COC)</p>
<p>• The rate that the MFI must pay for capital; i.e. cash in the capital market (banks, etc) that they use to relend to poor borrowers. Hundreds of billions of dollars will be needed to fund the billions of potential poor borrowers.</p>
<p>• Cost of capital (COC) is often well into double digits 15-20% in developing countries. Interest rates now must cover inflation + cost of capital (COC usually does cover some of the inflation, but often not all.)</p>
<p>3. Cost of providing the loan</p>
<p>• MFI’s Overhead is very high due to the fact that the most successful operations usually visit borrowers 25-50 times a year at locations near the borrower’s homes and this takes an army of field loan officers, motorcycles and other support.</p>
<p>• Traditional banks can’t do this. Interest rates now must cover inflation + cost of capital + MFI overhead.</p>
<p>4. Additionally, some MFIs believe it is imperative that they extend other crucial services to the poor along with the loan. These can include:</p>
<p>• Health exams and other medical services such as family planning and reproductive or parenting education.</p>
<p>• Business advice and education/training</p>
<p>• Marketing advice and assistance for their crops or products</p>
<p>• Mandatory savings (often cited as necessary to escape poverty)</p>
<p>• Health and/or life insurance</p>
<p>5. Profit or for the non-profit “excess capital”. Either way, the MFI must end up the year in the black or face going out of business.</p>
<p><strong>In conclusion, interest rates and fees must cover:</strong></p>
<p>1) Inflation 2) Cost of Capital 3) MFI overhead 4) Other associated services, such as health, savings, insurance and education services 5) Profits or excess capital at year end.</p>
<p>• So, it is not only interest that is involved in the “interest rate” charged to borrowers. Still, these loans are appreciated and generally much cheaper than a moneylender, plus it delivers other valuable services and access that the poor borrower usually does not have access to.</p>
<p>• If the choice is having to pay higher than Western rates for interest or no access to capital, the choice is clear and unambiguous from the poor's point of view (if not the arm chair critic sitting in a comfortable living room or office thousands of miles away).</p>
</dd>
<dt class="accordion_toggle">5. Why give credit to the poor?</dt>
<dd class="accordion_content"><p>• In communities void of jobs and based on the informal economy, credit is the first and often the only opportunity that the poor have to improve their family’s lives. Whole Planet Foundation focuses on supporting access to more opportunities in the form of microcredit with world-class organizations that deliver much more than a loan.</p>
<p>• Our partners provide a multitude of services from literacy workshops, to business training, to critical health services all which are not possible without first investing in the poor's own personal capacity with microcredit.</p>
</dd>
<dt class="accordion_toggle">6. How often does Whole Planet Foundation monitor its partners?</dt>
<dd class="accordion_content"><p>• In order to assure the right partners with an appropriate methodology are selected, Whole Planet Foundation has a team of development professionals that live and travel throughout the developing world to conduct onsite due diligence and monitoring of our partners’ performance.</p>
<p>• This team conducts a site visit in order to select the microfinance partner and returns in person at least once during the grant period to monitor and evaluate, as well as conducting regular remote reviews.</p>
</dd>
<dt class="accordion_toggle">7. What happens when a microcredit client cannot pay back a loan?</dt>
<dd class="accordion_content"><p>• On average over the last 30 years, this has been 2-3%. Practically every MFI has a different approach to the problem. However, generally, with our MFI partners the portfolios at risk (PAR) are quite low - less than 3% is the norm. Within the 3%, the bad loans are either paid by the group, set aside while a new business loan is taken or simply written off. We do not support any MFI that resorts to asset taking or other coercive measures to satisfy a debt.</p>
<p>• During our due diligence phase of selection a new MFI partner, WPF will review these as well as all policies of a potential WPF grant recipient to make sure their policies are acceptable. However, we are not in the MFI incubator or improvement business; i.e. our mission is to get business development funds into the hands of the very poor. We look for MFIs who have a proven track record for doing just that. We have staff to monitor and evaluate how well our grants funds are spent, but no staff for MFI training development.</p>
</dd>
<dt class="accordion_toggle">8. At what rate is micro lending growing throughout the world and what is WPF's growth?</dt>
<dd class="accordion_content"><p>• <a href="http://www.mixmarket.org/">Mixmarket.org</a> has an extensive amount of information on MFIs. We can see Whole Planet Foundation historical data compared to yearly disbursement totals from about 1,900 MFIs worldwide. We can see that not only is Whole Planet Foundation in line with the market, but that MFIs on a global scale have experienced accelerated growth over the past 8 years.</p>
<p>• Latest Whole Planet Foundation metrics show phenomenal growth since our first country (Costa Rica) and loan in 2006. We now have authorized grants in excess of $10 million, in 29 countries to over 170,000 families with about 800,000 direct beneficiaries in these families.</p>
<p>• The other indirect beneficiaries from re-lending the loan money over and over to ever more borrowers along with the positive economic impact from all these new businesses to the communities is incalculable. Surely it must be in the millions of beneficiaries. As far as our future growth, Whole Planet Foundation will almost double the number of countries we are working in from 29 as of January 2011 to about 60 by the end of 2012.</p>
</dd>
<dt class="accordion_toggle">9. I see that Whole Planet Foundation has projects in the U.S., which has a much higher per capita income than in most of the other countries where you support microfinance. How is it that we can consider someone poor in say, Omaha, Nebraska, when the av</dt>
<dd class="accordion_content"><p>• A good part of the answer lies in the concept of the economics term<strong>Purchasing Power Parity</strong>, which asks how much money would be needed to purchase the same goods and services in two countries, and uses that to calculate an implicit foreign exchange rate.</p>
<p>• PPP indicators are ratios that indicate how many currency units a particular quantity of goods and services costs in different countries. Since the same basket of goods has a different cost to people in different countries due to differences in their currencies’ purchasing power, at the extremes this condition causes people to be relatively ‘poor’, and others to be relatively ‘rich’. For a very educational, entertaining, and even useful application of the theory of PPP, please go to the following link regarding The Economist magazine’s Big Mac Index:<a href="http://en.wikipedia.org/wiki/Big_Mac_Index">http://en.wikipedia.org/wiki/Big_Mac_Index</a></p>
</dd>
<dt class="accordion_toggle">10. What have you learned from working with the WPF?</dt>
<dd class="accordion_content"><p>• One microcredit loan is almost never enough to help a poor family escape poverty. It will, however, along with subsequent business expansion loans, help individuals provide better nutrition, healthcare, housing, education, and schooling to their children, who will then be better prepared to escape poverty.</p>
<p>• Ending poverty is a generational endeavor. Sometimes, although not very often, an economic middle-class level can be attained by a first generation microloan recipient.</p>
</dd>
<dt class="accordion_toggle">11. Where can I learn more about Whole Planet Foundation?</dt>
<dd class="accordion_content">• Our website at <a href="http://www.wholeplanetfoundation.org/">http://www.wholeplanetfoundation.org</a> and our 2011 video on WFMU at <a href="http://wfmu.wfm.pvt/media_players/view/31/">http://wfmu.wfm.pvt/media_players/view/31/</a></dd>
<dt class="accordion_toggle">12. How can I get involved in Whole Planet Foundation?</dt>
<dd class="accordion_content">• Visit our website, read Banker to the Poor by Muhammad Yunus and other books recommended on our website, participate in the Whole Foods Market Team Member Volunteer Program, donate via payroll deduction, and raise awareness of poverty alleviation to help the 3.8 billion people living on less than $2 a day.</dd>
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