Despite a rainy start, New Orleans Jazz Fest kicked off weekend two with a bang today, bringing in tons of heavy hitters to the Fairgrounds for a day of stacked music. Everything from blues to funk to zydeco to jazz and beyond was represented at one of the country’s longest standing festivals. Tens of thousands of fans flocked to the event to catch Tedeschi Trucks Band with Jimmy Vaughan and Billy Gibbons, Elvis Costello & The Imposters, Snarky Puppy, Gary Clark Jr., George Porter Jr. & Runnin’ Pardners, and hundreds of others across twelve stages.Fortunately, photographer Marc Millman was on hand to capture the festivites. Check out some photo highlights from the festival below:Brandi Carlile on the Gentilly StageCyril Neville & SwampFunk on the Congo Square StageFlo Rida on the Congo Square StageGary Clark Jr. on the Acura StageLost Bayou Ramblers with special guests Rickie Lee Jones and Spider Stacy on the Gentilly StageNew Orleans Nightcrawlers Brass Band on the Jazz & Heritage StageSonny Landreth on the Acura StageTedeschi Trucks Band ft. Jimmy Vaughan and Billy Gibbons on the Acura Stage
A team of six Notre Dame students advanced to the regional finals of the Hult Prize, a competition that aims to find solutions for social problems using entrepreneurial approaches, according to the Hult Prize Foundation’s website.According to its website, the Hult Prize Foundation is a non-profit foundation whose goal is to send out the next generation of social entrepreneurs. Seniors Olivia Chen and Veronica Guerrero, junior Evelyn Bauman and sophomores Cate Devey, Sierra Hajdu and Elle Huang make up the team that will compete in this entrepreneurial competition for social good.“President Clinton comes up with the prompt every year,” Devey said. “This year, it is about early childhood education in urban slums.”Devey said the team’s job is to learn about urban slums and the surrounding environment and then make an informed decision based on their observations.“It’s cool to see how business is used for good to solve social problems,” Chen said. “Everyone in our group is really passionate about education in general, so it’s fun to just throw ideas back and forth.”Bauman is currently studying abroad in France but remains invested in the team through Skype sessions. The Kellogg Institute for International Studies as well as the Institute for Scholarship in the Liberal Arts agreed to fund her costs of flying back for a weekend to be present at the regional competition in San Francisco in March.“We are trying to design a social enterprise that promotes high-quality early education and is able to be adopted in various countries and for various cultures,” Bauman said.Bauman said the team observed the “Talk With Your Baby” program at the Robinson Community Learning Center in South Bend and certain aspects of the initiative appeal to them. Bauman said the Robinson Center’s program encourages talking to children as much as possible in order to cultivate stronger vocabulary skills and healthy development.“We would like to develop a tangible product to encourage talking and playing, as well as a distribution model — almost a micro-franchising model to formalize networks of caretakers that already exist in urban slums,” Bauman said.Hajdu said she feels honored to be part of a team that was selected out of about 20,000 teams in the first round of competition.“The competition is going to be very strong, but we’re excited to show that Notre Dame truly is dedicated to impacting the global community for the better,” she said.Hajdu said she envisions this competition to be one of the best experiences of her undergraduate career, and she is excited to meet other students in San Francisco and learn about their experiences as well.”The Hult Prize regional final competition in San Francisco is also a huge networking event for international innovative students to meet each other, share their ideas and spur a movement in social entrepreneurship that hopes to change the world,” Hajdu said.Bauman said that if it wins the regional competition, the team will be given the chance to develop their social enterprise in Boston over the summer.“Whatever happens at the competition in March, we are super grateful for the opportunity to compete in the Hult Prize Challenge 2015 to promote the idea of using the efficiency and power of the private sector for global public well-being,” Bauman said.Tags: Hult Prize, Institute for Scholarship in the Liberal Arts, Kellogg Institute, Mendoza, mendoza college of business, Robinson Center
Two of the main buffer funds in Sweden’s state pension system have welcomed a proposal giving them extra room on ownership in order to provide pandemic-hit companies with new capital, but say the time limits being put forward are too restrictive.At the end of June, the Swedish Finance Ministry published draft legislation temporarily changing the investment rules for AP1-4, raising the cap on votes the individual funds may hold in any single listed company in Sweden to 15% from 10% – provided the extra equity was acquired via a new share issue.In its response to the consultation, which officially ended yesterday, AP4 said it was positive about the proposal, but that the measures should start sooner than envisaged and last for longer.It said that apart from supporting the companies the AP funds invested in directly, capital injections facilitated by the new rules would also feed through into benefits for other firms such as partners and subcontractors, which may also be challenged by COVID-19. The SEK403bn (€38.7bn) fund said the negative effects of the pandemic were already great and the need for capital likely to be significant in the coming months.“It is therefore unfortunate that entry into force can only be expected to take place as late as 1 November 2020,” the fund said.AP4 also said that because the pandemic’s consequences were likely to be not only extensive but also prolonged, 30 June 2021 was too soon to end the ownership extension.“In order for the provision to have the desired effect, it is therefore proposed that the period for the application of the amendment be extended to at least 30 June 2022,” the pension fund said.Meanwhile, AP1 – while also declaring itself generally positive about the proposals – took issue with the length of time that the funds would be permitted to hold onto extra capital that exceeded the normal 10% ceiling.In the draft legislation, the funds would have seven years in which to unwind these holdings.“The proposed period for divestment seems quite long, but the fact that holdings under the temporary rule are limited in time at all means that in the worst case AP1 would risk having to sell in an economically unfavourable situation and thereby harm the return,” it said.Because of this, the fund said it proposed having no time limit on investments made under the temporary rule.Looking for IPE’s latest magazine? Read the digital edition here.
Before graduating, Parepally did not fully anticipate beginning the initial search into campaign opportunities. But, he believes that because 2020 is an election year, young people now have a unique opportunity to meaningfully spend the new time on their hands by becoming involved in the political process. Parepally has now returned home to Chicago and is still in the initial stages of looking into campaign opportunities in potential presidential election swing states such as Wisconsin. “Graduating into this kind of environment and economy right now is definitely a little bit stressful — I was fortunate enough to come out of this year with a job offer that I had accepted,” Parepally said. “I was anticipating my start date in September 2020, but two hours before my last final, I received a call about pushing back my start date because of the coronavirus situation … We are still figuring this out as students [and] as people.” Kapoor is moving to Helena to join Montana Governor Steve Bullock’s campaign for the U.S. Senate — a campaign that has attracted national attention as a key race in the Democratic Party’s attempt to capture a Senate majority in November. “I don’t think there is any other situation beside the campaign in which I could see myself moving somewhere completely new, on my own, with no one else that I know,” Kapoor said. “But from what I’ve talked with people about, that is the best part of the campaign — everyone is coming in new and fresh, and you immediately build these super strong relationships … It is definitely still nerve-wracking because you don’t know anyone.” “What drew me to [this] campaign is hearing everyone talk about how once you’re in on a campaign, you build a community that is so strong,” said Kapoor, who will serve as a Bullock campaign finance assistant. “I think as someone who knows that I want to do politics long term, it felt like such good timing.” “I feel like I am going to a different world than the one I have been living in for the last three months,” she said. Pearce was initially set to pursue a job opportunity starting in August, but a hiring freeze as a result of the coronavirus has now led him to search for short-term opportunities in campaign work. Rohan Parepally is in a similar situation. The recent Marshall School of Business graduate was set to start at Bain & Company as an associate consultant in the fall — but he holds that having job assurance does not mean recent grads are in the clear. Kapoor is not alone in her decision, and her situation is not unlike many of her former classmates’. City, state and national campaign work is proving to be a new path that can make up for missed, lost or delayed opportunities amid a shaky job market. “I’ve always kept track of politics as a side interest, but it’s never been at the forefront of what I wanted to study,” Parepally said. “But we are obviously graduating into a very unique time, not only in the economy but also historically … people have very strong opinions [about] the state of American politics and the opportunity to participate in that and have a hand in trying to achieve the outcome you want is uniquely important right now.” A few weeks ago, Nayanika Kapoor graduated from USC in an unprecedented virtual ceremony. Though the recent political science and journalism graduate was set to pursue a Fulbright Fellowship in Taiwan — an opportunity which has since been postponed until January 2021 because of the pandemic — Kapoor’s next step is just as exciting and uncertain: moving to Montana. For Kapoor, the uncertainty of graduation was overwhelming, but she has always had her heart set on campaign work. During her time at USC, she worked multiple campaign finance internships and volunteered during election cycles as a phone banker and canvasser. However, she had never experienced full-time work on a campaign. Kurtis Weatherford, another member of the Class of 2020 and a recipient of a Fulbright Fellowship to Greece, hopes to fill the gap between graduation and his fellowship start date by joining a local campaign. Weatherford’s fellowship, like Kapoor’s, has been postponed until January, but he is currently searching for opportunities to become politically involved in his home state of Missouri or in neighboring Kansas. Weatherford stressed that campaigns are more likely to utilize digital communication tools and technology in order to adhere to social distancing guidelines, strategies that he is familiar with based on past experience. While graduates continue to navigate new challenges and changes in the job market, campaign work during the pandemic will also look very different. Election season traditionally sees thousands of people mobilizing across the country in person, knocking on doors, attending rallies and shaking hands. But the pandemic is pushing campaigns to get creative and rethink their strategies. The uncertainty of campaigning during a pandemic extends to anxiety over the voting process in November. A recent report in Politico suggests that multiple scenarios outline a situation in which voters become disenfranchised because they are concerned for their health. Multiple reports also fear that a flood of mail-in ballots would significantly slow election results and that errors in shipping, receiving and counting ballots could taint the validity of the election. “These elections matter immensely to the lives of everyone in this country — and that’s what gets me into it,” Pearce said. “I want to help make sure that I am pushing for good in this country.” “I did phone banking and text banking for the Warren campaign, and that’s an interesting way to feel like you’re doing something, and that leads into the reasons why I am so interested in doing campaign work now,” said Weatherford, a political economy and international relations graduate. “[It’s] doing something tangible to push the political contentions in this country in a way that is more powerful.” “It’s hard to imagine [campaigning] in a COVID world because half of what I was doing was knocking on doors all the time,” said Pearce, a graduate of the Price School of Public Policy. “I don’t know what field organizing looks like in a world where we are stuck in our apartments — I think that is the greatest uncertainty of all this.” Ben Pearce, a member of the Class of 2020 and former president of USC College Democrats, was a fellow with Sen. Elizabeth Warren’s presidential campaign in Iowa earlier this year. Through the Unruh Institute of Politics’ Inside Iowa Project, Pearce gained firsthand experience in local political organizing efforts long before the pandemic made headlines in the United States.