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jerryking : michael_bloomberg   24

Carney, Bloomberg press for climate-change risk disclosure guidelines - The Globe and Mail
SHAWN MCCARTHY
OTTAWA — The Globe and Mail
Published Friday, Dec. 04, 2015

Mr. Bloomberg will lead a task force that will develop voluntary financial risk disclosure guidelines that will ensure consistent information for investors, lenders, insurers and other stakeholders....In a speech this fall at Lloyd’s of London insurance firm, Mr. Carney highlighted three types of threats: physical, or impacts from weather-related events such as floods, droughts and storms; liability issues arising from investors suing companies for failing to disclose risks or parties who suffer loss claiming compensation from those they hold responsible, and transition issues in which assets – especially fossil fuel reserves – are revalued due to the transition to a low-carbon economy.
climate_change  risks  Mark_Carney  Michael_Bloomberg  liabilities  threats  financial_risk  disclosure  valuations 
december 2015 by jerryking
Back to business
October 17/18, 2015 | FT| By Matthew Garrahan and Ben McLannahan
The party to celebrate Bloomberg Businessweek magazine's 85th anniversary took place under a 21,000lb fibreglass model of a blue whale...
Michael_Bloomberg  New_York_City  BusinessWeek  entrepreneur  financial_data  moguls  mayoral  Bloomberg  financial_journalism 
november 2015 by jerryking
As Michael Bloomberg Returns to Run His Firm, Landscape Has Shifted - WSJ
By LUKAS I. ALPERT CONNECT
Sept. 4, 2014

Bloomberg LP now has 321,000 subscribers for its $20,000-a-year terminals, which supply a range of financial information, and is expected to generate $9 billion in revenue this year, making it the largest such data company in the world.

But while Bloomberg's annual growth has averaged nearly 6% over the past five years and it now controls 32% of the financial-data market, the company faces several challenges. Technological advances have made it easier for smaller firms like FactSet and Markit to compete against the financial-data giants, Bloomberg and Thomson Reuters Corp. TRI -0.03%

Also, some U.S. banks have cut back in recent years on the number of data-terminal subscriptions. Bloomberg has targeted emerging markets to sustain its growth. The company is also expanding beyond terminals into data feeds and back-office operations that make up the plumbing of the banking system.

"When [Mr. Bloomberg] left, 90% of their revenue came from their terminal business, but with terminal subscriptions shrinking they have had to grow their business in other directions," said Doug Taylor, an analyst at Burton-Taylor International Consulting.
Michael_Bloomberg  Bloomberg  Second_Acts  back-office  moguls  financial_data  competitive_landscape  data  Wall_Street 
september 2014 by jerryking
Bloomberg Focuses on Rest (as in Rest of the World) - NYTimes.com
December 14, 2013 | NYT | By MICHAEL BARBARO.

Bloomberg Associates will be a project that is the first concrete phase of a post-mayoral life that aides said would remain intensely focused on cities, long viewed by him as laboratories for large-scale experiments in public health, economic development and environmental sustainability.

Above all, the new endeavor reflects a profound confidence — never in short supply with this mayor — that it would behoove dozens of municipalities to replicate the ideas that defined his tenure: turning busy roads into pedestrian plazas, posting calorie counts in fast-food chains, creating a customer-service hotline for citizens....The consulting group is the latest chapter in Mr. Bloomberg’s long journey from political neophyte to much-admired mentor to fellow mayors, dozens of whom have flocked to City Hall to study his open-seat bullpen layout, attended his conferences about urban innovation and applied for grants from his foundation (called “mayors’ school” by several city leaders who have spent time there).
Michael_Bloomberg  New_York_City  Second_Acts  management_consulting  hotlines  data  data_driven  cities  mayoral  large-scale  public_health  economic_development  sustainability  environment 
december 2013 by jerryking
Meet Bloomberg's data-driven Daniel Doctoroff
Aug. 09 2013 | The Globe and Mail |JOANNA SLATER.

Mr. Doctoroff’s job, as deputy mayor for economic development, would include rebuilding the site and pushing ahead with projects envisaged in the Olympic bid....Founded by Mr. Bloomberg in 1982, the firm grew into a global juggernaut that disrupted every field it touched, from market data to financial journalism....Mr. Doctoroff had a yen for precision and a belief in the power of data. To eliminate clutter on his desk, he never touches a piece of paper twice. “I either delegate something, I dump it, or I deal with it,”...Mr. Doctoroff’s mission at Bloomberg is twofold. The first is to sell more terminals – a subscription service that costs more than $20,000 (U.S.) a year per person and offers access to an expanding universe of data, analytical tools and news. Last year was a tough one for terminal sales; Wall Street firms continued to shed staff in what Mr. Doctoroff describes as “the fourth year of post-financial crisis adjustment.”

The second task is to lead the company into other areas and make those investments pay off. Bloomberg has launched what it hopes will become indispensable data products for fields like law and government and also for back-office personnel within finance. Then there’s the media business, which includes a news service, television, radio and magazines, among them Bloomberg Businessweek, which was purchased in 2009. Businessweek still isn’t profitable, but it’s losing much less money than it used to. The magazine, like the rest of the news operation, serves another objective in the Bloomberg ecosystem, Mr. Doctoroff said: heightening the firm’s profile so it can attract more market-moving scoops, which in turn helps to sell more terminals....On his career path: I believe we’re all endowed with a very small set of narrow skills that make us unique. You’ve got to find what that is. Most often what you truly understand makes you unique is something that you’re also going to build passion around. For me – and I didn’t really discover this until I was in my 40s, the line that connected the dots … [is] seeing patterns in numbers that enable me to tell a compelling story which helps to solve a problem. So whether it is helping a candidate get elected or doing a road show for a company, getting a project done in New York or hopefully setting a vision for a company, it’s that narrow skill.
New_York_City  Bloomberg  data_driven  precision  CEOs  organizational_culture  Wall_Street  private_equity  digital_media  disruption  privately_held_companies  Michael_Bloomberg  fin-tech  journalism  pattern_recognition  career_paths  gtd  mayoral  Daniel_Doctoroff  storytelling  product_launches  sense-making  leadership  insights  leaders  statistics  persuasion  ratios  analogies  back-office  connecting_the_dots  scoops  financial_journalism  financial_data  special_sauce  non-routine  skills 
august 2013 by jerryking
Bloomberg Outlines $20 Billion Storm Protection Plan - NYTimes.com
By MARC SANTORA and KIA GREGORY
Published: June 11, 2013
Mayor Michael R. Bloomberg outlined a far-reaching plan on Tuesday to protect New York from the threat of rising sea levels and powerful storm surges by building an extensive network of flood walls, levees and bulkheads to guard much of the city’s 520 miles of coastline.
The cost of fortifying critical infrastructure like the power grid, retrofitting older buildings to withstand powerful storms, and defending the coastline was estimated to be $20 billion, according to a 430-page report outlining the proposals.
New_York_City  Michael_Bloomberg  floods  climate_change  power_grid  infrastructure  vulnerabilities  business-continuity  sea-level_rise 
june 2013 by jerryking
The Mayor’s Geek Squad
By ALAN FEUER
Published: March 23, 2013

Data — or Big Data, as quantitative analysts will call it — is the tool du jour for tech-savvy companies that have realized that lurking in the vast pools of unprocessed information in their networks are solutions to some of today’s most pressing and convoluted problems. A few years ago, Google, for example, took the 50 million most common keywords that Americans typed in search bars and tried to figure out, by comparing them with federal health statistics, where the H1N1 flu virus was to likely strike next.

According to a new book, “Big Data: A Revolution that Will Transform How We Live, Work and Think,” the enormous quantity of information whirling through the ether can affect and enhance our quality of life. As the authors put it, “The change of scale has led to a change of state.”

Now the city has brought this quantitative method to the exceedingly complicated machine that is New York. For the modest sum of $1 million, and at a moment when decreasing budgets have required increased efficiency, the in-house geek squad has over the last three years leveraged the power of computers to double the city’s hit rate in finding stores selling bootleg cigarettes; sped the removal of trees destroyed by Hurricane Sandy; and helped steer overburdened housing inspectors — working with more than 20,000 options — directly to lawbreaking buildings where catastrophic fires were likeliest to occur.
massive_data_sets  New_York_City  mayoral  data_driven  targeted_enforcement  government_2.0  gov_2.0  cities  geeks  in-house  books  hit_rates  unstructured_data  H1N1  flu_outbreaks  Michael_Bloomberg  quants 
march 2013 by jerryking
Goldman Sachs to Help Fund NYC Program to Cut Jail Recidivism
Aug 2, 2012 | Bloomberg | By Henry Goldman.

New York City will try to reduce the recidivism of young male convicts housed on Rikers Island with a four-year program run by nonprofits and financed by Goldman Sachs Group Inc. (GS)

The bank will invest $9.6 million through a so-called social-impact bond, meaning it will profit only if the plan achieves its goals. New York officials said the program is the first of its kind in the U.S.

“In this new model, private investors fund the intervention through a nonprofit contractor and the government pays the contractor only if the program meets its goals,” Mayor Michael Bloomberg’s office said in a news release.

For Goldman Sachs to earn a profit, the program will need to reduce recidivism by at least 10 percent. City payments to MDRC, a nonprofit social-policy group created by the Ford Foundation that will monitor and run the program, also will be based on its degree of success. The Vera Institute of Justice will independently assess the program’s effectiveness, the mayor’s office said.
Goldman_Sachs  New_York_City  recidivism  incarceration  nonprofit  bonds  Michael_Bloomberg  social_finance  social_impact 
august 2012 by jerryking
U of T contributes to New York's push for academic excellence
john lorinc
From Friday's Globe and Mail
Published Thursday, Oct. 27, 2011

The University of Toronto has joined a team of international schools to make a bid to build a $450-million urban sciences campus in Brooklyn, N.Y.

The deal includes a promise of city-owned land and $100-million in seed capital. It is part of an ambitious plan by New York’s Mayor Michael Bloomberg to develop a world-class engineering and research commercialization facility. ...Mr. Bloomberg, with his trademark alacrity, wants shovels in the ground by 2013, when he leaves office. “The sense of urgency comes directly form the mayor,” said Seth Pinsky, president of New York’s economic development agency. “We have a limited window of opportunity.”

The radical economic development scheme, considered by many to be the mayor’s legacy project, is expected to generate $6-billion in spin-off investment and create 30,000 creative-class jobs in coming decades.

Mr. Pinsky describes the strategy as “an Erie Canal moment,” a reference to a controversial 1820s decision by a state governor to build an upstate shipping channel. The investment that drove vast wealth into the port of New York....“It may be the single most transformative investment of the Bloomberg administration,” said Richard Florida, director of the Martin Prosperity Initiative at the University of Toronto. “I only wish more cities would think that way.”

With large Canadian universities stuffed to capacity and some provinces considering new campuses, New York’s experiment is a game-changing wealth-generating strategy and ups the ante for big cities like Toronto and Vancouver, said Dr. Florida. “If you see a place like New York moving in this direction, you’ve just seen your biggest competitor take a big step ahead.”
uToronto  Colleges_&_Universities  New_York_City  Michael_Bloomberg  John_Lorinc  urgency  transformational  Erie_Canal  windows_of_opportunity  Richard_Florida  upstate  game_changers  economic_development  wealth_creation  cities  creative_class  the_single_most_important  Martin_Prosperity_Institute 
october 2011 by jerryking
Bloomberg to Use Own Funds in Plan to Aid Minority Youth - NYTimes.com
By MICHAEL BARBARO and FERNANDA SANTOS
Published: August 3, 2011

The administration of Mayor Michael R. Bloomberg, in a blunt
acknowledgment that thousands of young black and Latino men are cut off
from New York’s civic, educational and economic life, plans to spend
nearly $130 million on far-reaching measures to improve their
circumstances. ...Starting this fall, the administration said it would
place job-recruitment centers in public-housing complexes where many
young black and Latino men live, retrain probation officers in an effort
to reduce recidivism, establish new fatherhood classes and assess
schools on the academic progress of male black and Latino students.
New_York_City  philanthropy  Michael_Bloomberg  George_Soros  visible_minorities 
august 2011 by jerryking
Review & Outlook: Joel Klein's Report Card - WSJ.com
NOVEMBER 11, 2010 | WSJ. A Democrat without education
experience when he became schools chancellor in 2002, Mr. Klein began as
a mainstream reformer. Raise standards, end social promotion, hire
better teachers, promote charter schools. But as he was mugged by the
reality of the K-12 public school establishment, he began to appreciate
that real improvement requires more than change at the margin.

Thus he led the fight for far more school choice by creating charter
school clusters, as in Harlem, that are changing the local culture of
failure. Kids from as far away as Buffalo will benefit from his fight to
lift the state charter cap, which increased to 460 schools from 200.
Mr. Klein helped to expose the "rubber rooms" that let bad teachers live
for years on the taxpayer dime while doing no work. He gave schools
grades from A to F and pushed to close the bad ones, and he fought for
merit pay in return for ending teacher tenure.
Joel_Klein  education  reform  standards  tenure  meritocratic  boldness  teachers  school_districts  grading  CEOs  lawyers  Michael_Bloomberg  charter_schools  K-12  public_schools 
november 2010 by jerryking
Citi Finds a New PR Man at City Hall - WSJ.com
MARCH 31, 2010 | Wall Street Journal | By MICHAEL HOWARD SAUL
And RANDALL SMITH. Citi Finds a New PR Man at City Hall. Bank Hires a
Top Deputy to Mayor Bloomberg, Hard on the Media, to Manage Its Public
Affairs.
Citigroup  public_relations  New_York_City  Michael_Bloomberg 
april 2010 by jerryking

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