Inspiring News Articles
Excerpts of Highly Inspiring News Articles in Major Media
Below are one-paragraph excerpts of highly inspiring news articles from the major media. Links are provided to the original inspiring news articles on their media websites. If any link fails, read this webpage. The most inspiring news articles are listed first. You can also explore the news articles listed by order of the date posted. For an abundance of other highly inspiring material, see our Inspiring Resources page. May these inspiring news articles inspire us to find ever more ways to love and support each other and all around us to be the very best we can be.
When the Main Street Phoenix Project buys a distressed restaurant, it will turn the workers into owners, making the industry more equitable. “The hypothesis was that we needed to accelerate, streamline, and simplify the process of converting to employee ownership,” says Jason Wiener, a partner in the new venture. “This was about taking a traditional, tried-and-true business strategy - the private equity firm - and using the tools of concentration and capital efficiency and deploying it not for the benefit of investors, rather, for the benefit of workers.” As an attorney, Wiener has spent years helping small businesses convert to employee ownership, a process that can raise both profits and worker compensation. But the work was slow, and he realized that the response to the pandemic needed to happen much faster. He was particularly concerned about workers at restaurants, who are often women, people of color, or undocumented, with little savings to survive on if they lose their job. “By bringing new capital to the table, from mission-aligned, patient investors, we could buy businesses at significant value, we can hire their workers back, put them into ownership position, and lock in all of that improved cash flow and all that gain in value for the benefit of workers,” he says. After developing the financial model, the partners are now beginning to raise capital and expect to acquire the first restaurant by the end of the year, with plans to acquire around 25 over the next two years.
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New data from Strava, the fitness tracking app used by 68 million global users, shows that several U.S. cities saw significant year-over-year growth in both bike trips and cyclists in much of 2020. Among the six U.S. cities for which Strava provided data, Houston and Los Angeles, two sprawling metropolises where just .5% and 1% of the respective populations biked to work in pre-pandemic times, stand out. In Houston, the total volume of cycling trips ... was 138% higher in May 2020 than in May 2019. In Los Angeles, the jump was 93%. Unlike their peers, these two places also saw cycling increases in April, the first full month of widespread stay-at-home order and economic shutdowns. Yet other major cities saw more people pedaling this spring and summer. After a drop in trips in April, New York City saw a steady rise in cycling in the ensuing months, with nearly 80% year-over-year growth in trips for July. Chicago saw significant, though more modest, increases, with a 34% bump that same month. Research by the U.S. Centers for Disease Control comparing Strava users who track their bike and walking commutes on the app to U.S. Census Bureau commute data has found that Strava is a reliable indicator of how the broader population moves. On Wednesday, the company announced that a web platform that aggregates, de-identifies and analyzes Strava trips on foot or bike is now free for use by urban planners, city governments and street safety advocates who apply.
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