DonorsTrust Launches Giving Ventures Podcast | MENAFN

by Corey Burres | Sep 17, 2021

DonorsTrust Launches Giving Ventures Podcast | MENAFN

This week the team at DonorsTrust , a donor-advised fund committed to encouraging philanthropic giving and protecting donor intent, launched a new podcast focusing on philanthropy. The Giving Ventures podcast explores innovative projects and problem-solving initiatives made possible by support from DonorsTrust account holders.

“We are excited to provide a forum where donors with a pro-liberty mindset can learn more about great work on exciting projects that may otherwise get missed,” explained Peter Lipsett, Vice President at DonorsTrust and Giving Ventures host.“My colleagues and I regularly engage with groups aiming to limit government, grow personal responsibility, and strengthen free enterprise. The podcast allows us to share insights and ideas from these conversations, ideally leading to even more philanthropic activity…

Guests for the inaugural episode include:

Randy Hicks , president, and chief executive officer of the Georgia Center for Opportunity , discusses the ways the organization is combating poverty in the Peach State.

Read the full article here

BETTER WORK Co-hosts A Job Fair To Support Gwinnett Families Facing Housing Crisis

by Corey Burres | Sep 17, 2021

BETTER WORK Co-hosts A Job Fair To Support Gwinnett Families Facing Housing Crisis

GCO partnered with the Lawrenceville Cooperative Ministry to help displaced families

Today we’re witnessing an unprecedented labor market, with a record-high 10.9 million unfilled job openings across the country in August. One of the key challenges we are facing is matching workers with the right opportunities in the labor force.

With that goal in mind, BETTER WORK Gwinnett recently partnered with the Lawrenceville Cooperative Ministry to create a job fair in the local community. The event served people who were displaced by the pandemic living at a local extended-stay hotel. The aim was to open up job opportunities for these people and get them back into fruitful employment with an upward career trajectory.

Watch the video to hear from workers and employers themselves on the importance of this job fair at this key moment.

The Georgia Center for Opportunity’s BETTER WORK project provides valuable resources and community collaboration bringing the dignity of work to local communities.

LEARN MORE ABOUT BETTER WORK

The Georgia Center for Opportunity has signed on to a letter in favor of the EQUAL Act

by Buzz Brockway | Sep 16, 2021

The Georgia Center for Opportunity has signed on to a letter in favor of the EQUAL Act

The Georgia Center for Opportunity has signed on to a letter with 37 organizations across the ideological spectrum in favor of the EQUAL Act now pending in Congress.The EQUAL Act would end the federal prison sentence disparity between crack cocaine and powdered cocaine offenses—that is not grounded in evidence and contributes to over-incarceration, particularly within communities of color.

GCO’s take: “This important bill in Congress would correct a harmful policy put in place 35 years ago,” said Buzz Brockway, GCO’s vice president of public policy. “A crucial part of criminal justice reform is identifying unfair and harmful laws on the books and correcting course. We urge Congress to pass this bill and restore equal justice under the law when it comes to cocaine offenses.”

Better Work Access and Encourage Worker Freedoms

by Georgia Center for Opportunity | Sep 14, 2021

Better Work Access and Encourage Worker Freedoms

HEADER - The Importance of the African American Family In Our History

The Manhattan Institute recently released a report arguing that now is a key time to reform our nation’s safety-net system. The goal should be not to offer more income guarantees but to minimize downside risk so that workers are able to move up the economic ladder. The report comes on the heels of new data from the U.S. government showing that inflation continued to run hot in August—the consumer price index rose 5.3% from a year before.

The Georgia Center for Opportunity’s (GCO) take: “The pandemic only heightened our awareness of existing issues, but the issues existed long before the pandemic,” said Erik Randolph, GCO’s director of research. “As such, we can’t let quick-fix solutions based on the current scenario be our only response. We do not need a stop-the-bleeding plan but systemic change that addresses long-standing issues.Policy prescriptions like simply raising the minimum wage ignore the main issue—wages not keeping up with inflation.

The need for changes that promote worker freedom and a sense of security that comes in work will drive markets and empower the actions of individuals. We should promote policies that open accessibility to better work access and encourage worker freedoms. We do this by creating a vibrant market where employers incentivize and compete for workers.”

Press Release on the U.S. Senate’s Social Services Expansion

by Corey Burres | Aug 18, 2021

Press Release on the U.S. Senate’s Social Services Expansion

PEACHTREE CORNERS—The U.S. Senate approved an entirely partisan reconciliation bill of at least $3.5 trillion that irresponsibly includes the biggest expansion of social services. In his own words, Senate Budget Commit- tee Chairman Bernie Sanders said the budget reconciliation bill “will be the most consequential piece of legislation for working people, the elderly, the children, the sick and the poor since FDR and the New Deal of the 1930s.”

The Alliance for Opportunity, a three-state coalition to move people from dependence to the dignity of work and a flourishing life, believes we should learn from our history and expand pathways to success and opportunity with– out dictating a burdensome cradle-to-college path that will cost the American people trillions of dollars.

“When many are struggling from the consequences of the pandemic and government-imposed shutdowns, families want a return to normal with job opportunities so they can achieve their hopes and dreams,” said Kevin Roberts, Texas Public Policy Foundation Chief Executive Officer

We know that the governments’ closure of schools and the lack of affordable childcare has placed a huge burden on caretakers–who are largely women–over the last year. However, we should carefully consider options that pro- vide the freedom of sustainable, affordable options for caretakers rather than a costly system that removes choices for their families. Make no mistake, if the federal government funds one form of childcare, then other options are crowded out. Instead, there should be affordable solutions for parental freedom and a better utilization of existing funds for childcare under TANF and other state workforce programs.

“Despite spending trillions on social service programs, generations of Americans have become trapped in a cycle of government dependency leaving them unable to realize the full extent of the American dream. This expansion of social service programs will be no different. Instead of bankrupting future generations, it’s time to give Americans the opportunity to build a better life for themselves and their families,” said Daniel Erspamer, Chief Executive Officer at Pelican Institute for Public Policy.

“When writing public policy, we must carefully weigh the long term effects those policies might have on the very people we are attempting to help. What works in the short term may not help over the long haul,” said Randy Hicks, President and Chief Executive Officer of the Georgia Center for Opportunity

Americans can’t afford Sen. Bernie Sanders’ unprecedented spending and taxing along with continual borrowing against our future, especially at this critical time in the pandemic recovery. The Alliance for Opportunity urges an approach that puts families and local communities at the center of solutions for childcare, education, and middle class job opportunities, not politicians in D.C. or elsewhere.

Press Release

Inflation’s Growing Problem: A warning shot for Congress

by Erik Randolph | Aug 16, 2021

Inflation’s Growing Problem: A warning shot for Congress

The inflation rate in July—as measured by the seasonally-adjusted Consumer Price Index (CPI)—abated somewhat from June’s rate, increasing at 0.5% instead of 0.9%. But don’t cheer too much yet.

This is known by economists as disinflation, not deflation. The rate came down, but prices are still continuing to climb.

Annualized, the monthly inflation rates calculate to 5.8% for July and 11.4% for June. Both rates continue to exceed the Federal Reserve’s target of 2% annual inflation. Of course, as I discussed in this blog, the Fed’s 2% target rate is too high and compromises Congress’s original goal of promoting purchasing power that would benefit everyone.

Prices are Ratcheting Upwards

When the CPI inflation rate is viewed by its increase from the same month of the prior year, the trend is not good.

Although the increase over the prior year held steady for July, prices were also increasing last year. That is, prices are still 5.3% higher than a year ago when prices were also increasing. The problem is compounding, and prices are ratcheting upwards.

Perhaps not surprisingly but definitely unfortunately, the Fed’s economists appear to have been caught off guard. When Fed Chairman Jerome Powell testified before Congress last month, he admitted as much as inflation has spiked higher than they anticipated. However, he still maintained that the inflation is based on temporary factors that will abate with time.

Mr. Powell’s comments may have been just for the inflation rate, and he may be overly optimistic. In the meantime, we must brace ourselves for an increase in the price level.

To think that the price level may come down is probably unrealistic. That has not happened ever since we gave the Fed the responsibility to maintain purchasing power in 1946 that was dumbed down in 1978 to the weaker goal of “reasonable price stability.” Of course, this policy change happened during the complete failure of federal policymakers in both the Fed and Congress when the nation was suffering from double-digit inflation combined with stagnant economic growth.

Why does promoting purchasing power matter?

Inflation hurts practically everyone. If your wages do not keep up, your purchasing power is eroding.

This is truest for those in poverty, low-income families, and low-skilled labor. They will slip further behind, making income disparity worse and possibly causing Congress and state governments to spend more on safety-net programs that will only fuel inflation higher when Congress funds the increases with even more debt.

Businesses—who need predictability to make good entrepreneurial decisions—generally will also suffer, slowing down economic activity.

Workers will have a harder time keeping up with rising prices and will demand higher wages, only fueling inflation further.

More Cautious Approach to Government Spending is Needed

A likely major cause of the climbing price level is all the governmental debt-based spending to address the pandemic. Further debt-based spending will not ameliorate the problem but exacerbate it.

Congress needs to exercise more restraint and caution now as it considers the expansive spending bills that appear likely to pass. It is very likely that they are setting up the nation for unpleasant economic times, hurting the poorest among us the worst. The growth in the Consumer Price Index is an omen for Congress to take a step back and trim those bills.