Monthly Archives: July 2023

Kenyan singer and actress Sanaipei Tande. PHOTOS | COURTESY

Kenyan singer and actress, Sanaipei Tande, has shared her perspectives on marriage, polygamy and financial independence.

In a candid interview with Oga Obinna, Sanaipei shared her thoughts on the importance of having ones own source of income and maintaining respect within relationships.

Sanaipei spoke of the need for individuals, particularly women, to have jobs and secure their own income.She cited instances where couples separate, leaving one partner struggling to support themselves due to financial dependency.

Stressing the importance of self-sufficiency, she advised individuals to have something of their own, even if their partner assures them of financial care.

We have seen how many people are splitting and finding themselves in situations where they now cant cater for themselves, and you must have something for yourself, Sanaipei said.

Also read: Sanaipei Tande responds to haters over her viral mini-dress photo

She also acknowledged the uncertainties of the future, raising the question of what would happen if a partner were to pass away unexpectedly, leaving financial matters in disarray.

By encouraging personal financial stability, Sanaipei urged individuals to safeguard their own well-being and independence.

Even if he tells you that he will take care of you with everything, you never know about tomorrow. What if he dies and things were not in order? What will you do?Lets face it, Sometimes even the family takes everything from him after he is gone. You must always have something of your own. You can take a both parents must nurture the children equally, she said.

On whether she would allow her partner to have a second wife, Sanaipei acknowledged that such situations often occur, regardless of permission, and highlighted the emotional complexities involved.

Also read: Kambua shares moments before the birth of her rainbow baby

Dont they cheat always? If you allow or not, some will just do, she said, adding that decisions regarding polygamy depend on the specific dynamics of each relationship and the individuals involved.

Regarding the possibility of dating multiple men, Sanaipei admitted uncertainty, suggesting that it ultimately depends on the depth of love and the unique circumstances of the relationship.

She acknowledged the challenges of sharing a partner, but also recognized that some individuals choose to remain in such arrangements, weighing the pros and cons while considering their own needs and desires.

Sanaipei emphasized the importance of respect within relationships.

Also read: Viral video of drunk Bahati and his wife Diana sparks online controversy

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Sanaipei Tande's insights on marriage, polygamy and financial ... - Nairobi News

Soon, summer internships will wind down and recent college graduates will march off to their first entry-level jobs. As they start their careers, many young people from underserved backgrounds will be left behind, without the network, resources, or skill sets they need to compete in the job market.

Workforce training programs are meant to fill that gap by putting underserved youth on the path to full-time jobs with a living wage, benefits, and opportunities to move up. Right now, those programs are falling short.

College graduate looking for a job. (Shutterstock/Shutterstock)

In New York City, unemployment for workers of color is significantly higher than for white workers. This year, 12.2% of Black workers and 7.5% of workers of color overall are out of a job, compared to only 1.3% of white workers. Inequality is worsening the difference in employment rates between Black and white workers, is skyrocketing, recently reaching its highest point in decades. The job search has been even more difficult for young people, with about 17% of New Yorkers unemployed, with young Black men disproportionately represented in that group.

If were going to narrow that gap, we need to increase rates of employment in high-quality jobs for underserved youth. That means workforce training programs need to innovate.

The Heckscher Foundation, the philanthropy I lead, is one organization aiming to do that through a new funding model. Heckscher works with New Yorkers under the age of 25 who spent time in foster care, have been through the court system, or have some or no college education. We fund programs offering full-time job commitments that help them achieve financial independence.

This month, we started the Heckscher Foundation Challenge, which today is awarding $7.6 million in grants to New York high schools, colleges, and nonprofits that run workforce training programs for young adults from low-income communities and communities of color. Weve funded workforce training programs in the past, but we made a commitment to only fund organizations that secure hiring commitments from employers as a result, more than 1,100 young New Yorkers will have full-time jobs.

Tying funding to job guarantees from employers is one way to make programs more effective. One example is the model honed by the Gap and now Old Navy, called This Way ONward, where New York youth are trained to manage the challenges of a career through jobs skills training provided by The Door, mentorship and with the employers committing to hire successful graduates of the training program.

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Yet another promising new approach is the Career Readiness and Modern Youth Apprenticeship program recently announced by Mayor Adams and Chancellor David Banks, which will place 3,000 New York public school students in paid apprenticeships. As with all new workforce training programs, its success will depend on whether these apprenticeships result in full time employment.

Nonprofits and employers are hungry for innovations like these. Unclear communication from employers about the skills theyre looking for makes it difficult for providers to develop training curricula, while employers complain that they cant find workers prepared for the demands of even entry-level jobs.

The job market is giving training programs an opening to break this stalemate. Some industries like manufacturing, finance, and hospitality dont have nearly enough workers to keep their businesses producing, while others like clean energy are creating new jobs faster than they can fill them. These industries are all looking for workers ready to hit the ground running, which means that employers are willing to collaborate with training programs in ways they might not otherwise.

Trainers and hirers mutual desire for change was apparent in our inaugural Heckscher Foundation Challenge application cycle. Overwhelming numbers of nonprofits and employers participated 96 organizations applied for grants for their training programs and 234 companies offered to guarantee jobs to those programs graduates. Their enthusiasm about trying something new makes us confident that changing funding and training models can make a difference for the young people we work with.

At the same time, policymakers are beginning to recognize the dangers of failing to adequately train workers for critical jobs and investing millions of dollars in workforce training across the country. Those investments give us a unique chance to create a society where everyone can build a career that satisfies their needs and supports their family, regardless of the educational opportunities they got growing up.

These new commitments from government, philanthropy, nonprofits and businesses show the will exists to put underprivileged youth on the path to great jobs. Lets give our workforce training programs a makeover so they can make the most of it.

Sloane is chairman and CEO of the Heckscher Foundation for Children.

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Real jobs for eager young people: The Heckscher Foundation ... - New York Daily News

A rare window into the early American monetary history thanks to techniques from physics

Benjamin Franklin may be best known as the creator of bifocals and the lightning rod, but a group of University of Notre Dame researchers suggest he should also be known for his innovative ways of making (literal) money.

During his career, Franklin printed nearly 2,500,000 money notes for the American Colonies using what the researchers have identified as highly original techniques, as reported in a study published this week in the Proceedings of the National Academy of Sciences.

The research team, led by Khachatur Manukyan, an associate research professor in the Department of Physics and Astronomy, has spent the past seven years analyzing a trove of nearly 600 notes from the Colonial period, which is part of an extensive collection developed by the Hesburgh Libraries Rare Books and Special Collections. The Colonial notes span an 80-year period and include notes printed by Franklins network of printing shops and other printers, as well as a series of counterfeit notes.

Manukyan explained that the effort to print money for the fledgling Colonial monetary system was important to Franklin not just as a printer but as a statesman as well.

Benjamin Franklin saw that the Colonies financial independence was necessary for their political independence. Most of the silver and gold coins brought to the British American colonies were rapidly drained away to pay for manufactured goods imported from abroad, leaving the Colonies without sufficient monetary supply to expand their economy, Manukyan said.

However, one major problem stood in the way of efforts to print paper money: counterfeiting. When Franklin opened his printing house in 1728, paper money was a relatively new concept. Unlike gold and silver, paper moneys lack of intrinsic value meant it was constantly at risk of depreciating. There were no standardized bills in the Colonial period, leaving an opportunity for counterfeiters to pass off fake bills as real ones. In response, Franklin worked to embed a suite of security features that made his bills distinctive.

To maintain the notes dependability, Franklin had to stay a step ahead of counterfeiters, said Manukyan. But the ledger where we know he recorded these printing decisions and methods has been lost to history. Using the techniques of physics, we have been able to restore, in part, some of what that record would have shown.

Manukyan and his team employed cutting-edge spectroscopic and imaging instruments housed in the Nuclear Science Laboratory and four Notre Dame research core facilities: the Center for Environmental Science and Technology, the Integrated Imaging Facility, the Materials Characterization Facility and the Molecular Structure Facility. The tools enabled them to get a closer look than ever at the inks, paper and fibers that made Franklins bills distinctive and hard to replicate.

One of the most distinctive features they found was in Franklins pigments. Manukyan and his team determined the chemical elements used for each item in Notre Dames collection of Colonial notes. The counterfeits, they found, have distinctive high quantities of calcium and phosphorus, but these elements are found only in traces in the genuine bills.

Their analyses revealed that although Franklin used (and sold) lamp black, a pigment created by burning vegetable oils, for most printing, Franklins printed currency used a special black dye made from graphite found in rock. This pigment is also different from the bone black made from burned bone, which was favored both by counterfeiters and by those outside Franklins network of printing houses.

Another of Franklins innovations was in the paper itself. The invention of including tiny fibers in paper pulp visible as pigmented squiggles within paper money has often been credited to paper manufacturer Zenas Marshall Crane, who introduced this practice in 1844. But Manukyan and his team found evidence that Franklin was including colored silks in his paper much earlier.

The team also discovered that notes printed by Franklins network have a distinctive look due to the addition of a translucent material they identified as muscovite. The team determined that Franklin began adding muscovite to his papers and the size of this muscovite crystals in his paper increased over time. The team speculates that Franklin initially began adding muscovite to make the printed notes more durable but continued to add it when it proved to be a helpful deterrent to counterfeiters.

Manukyan said that it is unusual for a physics lab to work with rare and archival materials, and this posed special challenges.

Few scientists are interested in working with materials like these. In some cases, these bills are one-of-a-kind. They must be handled with extreme care, and they cannot be damaged. Those are constraints that would turn many physicists off to a project like this, he said.

But for him, the project is a testament to the value of interdisciplinary work.

We were fortunate to have student researchers on this project with interests both in physics as well as in history and art conservation. And the core research facilities as well as the Rare Books and Special Collections team were incredible research partners. Without an uncommon level of collaboration across disciplines, our discoveries would not have been possible.

In addition to lead investigator Manukyan, the research team for this project included Armenuhi Yeghishyan, a laboratory technician in the Department of Physics and Astronomy; Ani Aprahamian, the Frank M. Freimann Professor of Physics and concurrent professor in the Department of Chemistry and Biochemistry; Louis Jordan, an associate University librarian emeritus for academic services and collections; Michael Kurkowski, a former undergraduate researcher studying physics and mathematics; Mark Raddell, a former undergraduate researcher studying finance and physics who is now a consultant at Deloitte; Laura Richter Le, a former undergraduate researcher who is now a graduate student at the Conservation Center at New York Universitys Institute of Fine Arts; Zachary D. Schultz, a former associate professor at Notre Dame who is now a faculty member at the Ohio State University; Liam Spillane, who works at Gatan Inc.; and Michael Wiescher, the Frank M. Freimann Professor of Physics.

This research project was funded by an internal grant from Notre Dame Research. For more information on the Nuclear Science Laboratorys work investigating historical materials, visit sites.nd.edu/kmanukyan/research/.

Contact: Jessica Sieff, associate director, media relations, 574-631-3933, jsieff@nd.edu

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All about the Benjamins: Researchers decipher the secrets of ... - ND Newswire

Welcome to a journey towards amassing wealth by harnessing one of the most potent tools in the world of finance. Its a powerful yet simple concept that is often overlooked in the pursuit of quicker gains. This strategy, appreciated by successful investors worldwide, is the fascinating concept of compounding. This blog post will delve deep into understanding this fundamental principle, unearthing the secret to the exponential growth of wealth. Through the art of patience, the importance of time, and the magic of reinvestment, I aim to enlighten you on a proven path to financial independence and prosperity. So, lets embark on this exciting journey, mastering the steady strategy to multiply your money.

Compounding, often hailed as the eighth wonder of the world by financial enthusiasts, is the process where the value of an investment increases exponentially over time due to the earnings on both the principal amount and the accumulated interest or dividends. This snowball effect enables your wealth to grow faster and faster as time goes on.

The true magic of compounding lies in its exponential growth. Unlike linear growth, where you add a fixed amount each time, exponential growth multiplies your wealth. The principal and the profit earned on it both contribute to your earning potential. Therefore, the longer your money stays invested, the more potential it has to grow.

The Rule of 72 is a simple way to estimate how long it will take for an investment to double, given a fixed annual rate of return. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself. The Rule of 72 is reasonably accurate for steady interest rates.

Here are some examples:

Annual rate of return/Years to double the original capital:

Its important to note that this rule is a mathematical concept and does not consider other real-world factors such as inflation, taxes, or changes in the interest rate.

Here is how long it takes to compound and double return rates most similar to those in the stock market and investing:

Here are the years required to double your investment for annual capital gain rates from 11% to 20%:

Again, its important to remember that these are rough estimates, and the time to double your investment may vary based on several factors. Higher rates of return are typically associated with higher risks. Of course, no returns in the real world are this steady; this is just to show what is possible with compounding at different return rate areas.

At its core, compounding is the process where the return on your investment, in turn, earns a return, which then gets added to your original investment. This process continues over time, resulting in the exponential growth of your wealth.

As a simple example, heres how it works: Lets say you invest $1000 at an annual interest rate of 10%. After the first year, you would earn $100 in interest (10% of $1000). If you reinvest this interest, your total investment becomes $1100. In the second year, you earn interest on the total amount ($1100), not just your initial investment. This means youll earn $110 (10% of $1100). This cycle of earning interest on your interest continues, and thats where the magic happens.

Lets look at this above example over forty years to see the power of compounding:

The formula for compound interest is A = P (1 + r/n)^(nt), where:

If you invest $1000 at an annual interest rate of 10% compounded once a year (n=1) for 40 years, the calculation would be:

A = $1000 * (1 + 0.10/1)^(1*40)

So, A = $1000 * (1.10)^40

A = $1000 * 45.259255

A = $45259.26

So, $1000 compounded at 10% a year for 40 years equals approximately $45,259.46.

The longer the time, the more dramatic the compounding effect becomes. Over time, your investment doesnt just grow; it soars. This is why its often called the magic of compounding.

For example, if you invested $1,000 at an interest rate of 10% and left it untouched for 40 years, the power of compounding would turn your investment into approximately $45,259.46 without adding any additional funds.

Therefore, the key ingredients for taking advantage of this magic are: start investing as early as possible, reinvest the returns you get, and give your investment time to grow. Its not about making quick gains but steadily accumulating wealth over time. This is the power and magic of compounding for wealth creation.

In compounding, patience is not just a virtue but a necessity. The power of compounding is best realized over long periods. The more time you give your investments, the more they can compound and grow. A crucial element of harnessing this power is investing as early as possible. Its not about timing the market but the time spent in it that makes a difference.

There are many investment avenues where compounding plays a significant role. Stock markets, mutual funds, bonds, or even your savings account can leverage the power of compounding with a high-interest rate. Any investment avenue to reinvest the earnings can potentially compound your wealth.

To maximize the benefits of compounding, there are a few key strategies to follow. First, reinvest your earnings from interest, dividends, or capital gains. By doing so, your earnings start to earn too. Second, diversify your investments across various channels to spread the risk and potential for compounding. Lastly, consider investing in avenues that compound more frequently.

The key to successful compounding is consistent and regular investments. Regardless of market conditions, invest a fixed amount at regular intervals. This disciplines your investment habit and averages your cost of investing over time, a concept known as dollar-cost averaging.

A common mistake among investors is not giving their investments enough time to compound. Withdrawing your investments prematurely can significantly dilute the potential of compounding. Another pitfall is not reinvesting the returns. Remember, in compounding, the reinvested earnings generate additional returns.

To enhance the effects of compounding, you could consider increasing your regular investments over time, often aligned with increments in your income. Another effective technique is investing in windfall gains like bonuses, tax refunds, or inheritance, which can significantly boost your wealth compounding.

The power of compounding can turn your retirement dreams into reality. Starting early with a disciplined investment strategy can build a substantial retirement corpus. Moreover, many retirement accounts tax-deferred or tax-free status can enhance compounding, as taxes can significantly erode the compounding potential.

Compounding can be your secret weapon in the quest for financial independence. Its not about chasing quick riches but steadily growing wealth over time. Compounding with patience, time, and consistent investments can pave the way for financial freedom, allowing you to live on your terms.

In essence, attaining wealth via compounding is a journey of steady and measured growth rather than a frantic race. It calls for a deep understanding of the multiplying effect that time, patience, and re-invested earnings can have on your principal amount. Being mindful of potential errors, such as withdrawing investments prematurely or failing to maintain consistency, is essential for leveraging compoundings full potential. Adopting effective strategies, a diversified investment approach, and an early start can significantly boost the compounding process. Ultimately, compounding serves as a reliable path to a secure financial future and independence, facilitating the realization of your long-term financial aspirations and a comfortable retirement.

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How To Become Rich With The Power Of Compounding - New Trader U

Through passion, energy and vision, women across all generations have been historys changemakers, and todays women and girls are again leading the way on many global issues including gender equality.

At P&G and in the communities we serve, we want to create an inclusive environment with equal voice, representation and opportunity for all. When we unlock the potential of women and girls through access to education, business investment and leadership opportunities, we can see families thrive, communities flourish and economies grow.

As a part of our commitment to advancing gender equality, we partner with organizations, changemakers and women leaders from all generations who are creating positive impact. We admire our longstanding partners, including CARE, Girl Up, Save the Children, Vital Voices and many others, as well as the young people they support who are leading the way.

Bontle Modiselle is a Guinness World Record holding entertainer, dancer, choreographer and advocate for #KeepingGirlsInSchools. Partnering with Always in South Africa, Bontle uses dance to tackle stigma around periods and inspire a movement of sisterhood. Most recently, Bontle led a nationally-recognized dance at a local high school to the Blood Sisters soundtrack with Always Keeping Girls in School beneficiaries for Menstrual Hygiene Month.

Nora Salem is a graduate from the United Nations Womens Stimulating Equal Opportunities for Women Entrepreneurs who has become a successful business owner. Overcoming a long-held belief that a womans role is in the home and the stigma as a single mother, Nora showed her community whats possible when you give women opportunities. Shes inspiring her daughter and generations of girls who follow her to believe they can have financial independence and reach their dreams.

Be inspired by the "Not Only a Mom" documentary and learn more about the programs barrier breaking and business building impact.

Sarah Kapesa as a Girl Up Teen Advisor, Sarah demonstrates to other girls the power of raising their voices to create impact in their communities. She works with Girl Up by supporting decision-making and advising on strategy to advance global gender justice. Her passion for gender and racial equality inspired Sarah to participate in a project to find sponsors for the education of 32 inspiring young girls in Antananarivo, Madagascar.

Get started with more details the Teen Advisors Program.

Zuriel Oduwole is an education advocate, founder of Dream Up, Speak Up, Stand Up and an Advisory Board Member of CARE, who has inspired more than 50,000 young girls across 21 countries to believe in the power of their dreams. Zuriel was a youth activist in 2015 when she first partnered with Always to help make its iconic #LikeAGirl campaign, which helped educate girls about puberty. She wrote, narrated and produced the video Unstoppable Like A Girl and continues to be just that...unstoppable!

Watch Zuriel announce P&Gs latest news on the companys campaigns to create more equality in the world at the Global Citizen Festival.

Katherine Batzin, Mara Teresa Torrez and Valery Quintero are alumni of the Vital Voices Voces Que Inspiran Program (Voices That Inspire), which empowers a generation to bring creative solutions to todays biggest problems. Since graduating the program, each of them has launched an organization with important impact in their communities:

Katherine was motivated to start the Brave Guatemala (Voces que Florecen) project, which provides comprehensive and sustainable support to girls between the ages of 14 and 18 who are institutionalized in public and private orphanages in Guatemala. The project aims to increase their hope and ability to fully integrate into society.

Maria Teresa started the Nan Gana Project in Panama, which educates mothers, or caregivers in vulnerable conditions, about study methodologies, soft skills, and technology so that they can be mentors in their children's learning and to acquire knowledge and skills that serve them for their lives.

Valery Quintero believes that "with small actions, great changes are achieved, and the main change begins with you." She founded Activate to promote mental health by conducting workshops that foster emotional intelligence and soft skills in children and young people in Panama.

Learn more about our partner program Voices That Inspire.

All these young leaders will join us at Women Deliver 2023 in Kigali, Rwanda, where there will be space and support to connect and create the impact that they know is possible. Together we can unlock the innovation, creativity, and impact of this entire generation of change makers to help move us towards an equal future.

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Women Deliver 2023 | Together We All Lead - Procter & Gamble

How do I know if my adult child is struggling?

What should I do if I dont like their romantic partner?

Should I lend them money for their new startup idea?

Can I give parenting advice to them?

An estimated 65 million American parents currently have a child in their 20s or 30s, and it turns out these parents have a lot of questions about navigating their relationships with their adult children. Earlier this year, Laurence Steinberg, a Temple psychology professor and leading international researcher on teen behavior and brain development,came to their rescue.

Steinbergs new book You and Your Adult Child: How to Grow Together in Challenging Times (Simon & Schuster), which was published in April, is a comprehensive guide for parents with adult children in their twenties or thirties.

To Steinbergs knowledge, this is the first parenting book ever published that is specifically directed at parents of 20- and 30-year-olds, so it was important to him to be as comprehensive as possible. The book covers everything from maintaining healthy day-to-day relationships with an adult child, constructively resolving conflicts with them and supporting their mental health to assessing whether they are struggling, handling a variety of issues concerning their romantic lives, and finding the appropriate level of involvement in their college education.

There may be confusion, at first glance,about why an expert in adolescent development would be writing a book about managing relationships with adults in their twenties or thirties. But there is a connection between this slightly older demographic and Steinbergs 45-year career studying adolescent development and behavior.

In Steinbergs 2014book,Age of Opportunity: Lessons From the New Science of Adolescence, he argued that adolescencetypically considered to end at age 19was now elongating for many young adults to the age of 25. This is due, at least in part, to the changing economy that has made home ownership and financial independence a challenge for some young people in their twenties or thirties. As a result, some are finding themselves back at home with their parents or needing financial support from them. This is foreign territory to parents who had vastly different experiences when they were this age.

Soon after publishing Age of Opportunity, it struck me that this elongation and lengthening of adolescence have implications for parents that havent really been discussed, Steinberg said. This was reinforced by the increasing number of parents who would approach him after his public speaking events, desperate for more information about managing their relationships with their adult children.

Around the same time AARP, a nonprofit dedicated to enhancing quality of life for people 50 years old and over, also noticed a significant uptick in the number of questions they were receiving from their members about how to handle relationships with adult children in their twenties or thirties. To properly address their members concerns, AARP decided to encourage the development of a book, in partnership with Simon & Schuster, on the topic and started searching for an expert who could lead the project.

"Now that youve let go of some of the prerogatives of parenthood, youll likely find your child to be a source of emotional support, a good listener, a good teacher who knows more than you do about many things, and a good companion.

-- Laurence Steinberg

Suffice it to say, it didnt take long to identify Steinberg as the expert for AARP and Simon & Schusters book project. About a year later, You and Your Adult Child was published. This new book combines his research and expertise in a way that provides parents of adult children with not only an understanding of whats happening in their adult childrens brains during this critical moment in their lives, but also provides effective communication strategies that strengthen their relationship with their adult children.

The conflicts over autonomy you and your child had when they were younger will dissipate once you both come to a new understanding about your relationship, Steinberg says. Youll start seeing them in a different light and appreciate how mature they are.

Steinbergs hope is that his book helps parents learn to navigate this new landscape with their children in a healthy way, allowing all parties to deepen their appreciation for each other and enjoy this time together as adults.

In exchange for being open, theres a good possibility the two of you will develop a deeper friendship than youve ever had with them before, Steinberg writes in his book. Few people have known you for as long or as intimately as your child has, and few relationships have been as close. Now that youve let go of some of the prerogatives of parenthood, youll likely find your child to be a source of emotional support, a good listener, a good teacher who knows more than you do about many things, and a good companion.

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Acclaimed Temple psychologist's new book explores parenting adult ... - Temple University News