Investing for Good

What if you could align your values with your investment portfolio?

Leaders from the world of impact investing discuss what it means to invest for good. Their stories are fascinating and you will understand the path of early stage ventures that create meaningful social and environmental value.

First up is a panel with Lewam Kefela, Investor at VilCap Investments; Noushin Ketabi, Founder of Vega Coffee; Nancy Swanson, Executive Director of Linked Foundation. The moderator is Julia Sze an impact Investment strategy advisor. They discuss their paths to investing for good.

Then, Kat Taylor, Co-Founder and Managing Partner of Radicle Impact, talks about the problem with the banking system and how it can be fixed. She is the CEO of the Oakland-based Beneficial State Bank, a Community Development Financial Institution (CDFI) whose mission is to bring beneficial banking to low-income communities in an economically and environmentally sustainable manner.

Watch — Investing for Good: Women in Innovation and Entrepreneurship Series

The Great Immigration Debate

Is immigration an overall benefit, or burden to society? That’s was the central question posed at the 2019 Arthur N. Rupe debate at UC Santa Barbara. Rubén Rumbaut, Distinguished Professor of Sociology at UC Irvine, takes the position that immigration is not only good, but necessary for the success of the United States. Taking the stance that immigration needs to be scaled back and tightly controlled is Mark Krikorian, Executive Director of the Center for Immigration Studies, a controversial organization that has been designated an anti-immigrant hate group by the Southern Poverty Law Center.

The participants began by laying out their visions for the hallmarks of good immigration policy. Rumbaut leans heavily on the ideas that the population of the United States is aging, fewer children are being born, and our pension and social security systems will fall into crisis without an influx of new workers. Thus, he argues immigration is necessary to prop up those systems, strengthen the labor force, and repopulate shrinking towns across the country. Krikorian’s central idea is the polar opposite. He argues the United States is in good shape, and has no need for new immigration. Therefore, he says immigration policy should seek to have a net zero impact on the economy. He proposes updating the system to only accept immediate family members of current US citizens, and set the bar for skilled immigration to “Einstein” levels, meaning only people at the top of their fields.

Both debaters address several aspects of immigration policy, from big picture concepts like measuring success, to details such as how many people from any given group should be granted citizenship each year. While their differences of opinion are clear throughout the debate, they do find agreement on one issue: the current long-term population of undocumented immigrants in the United States should be granted amnesty.

With a topic as complex and divisive as immigration, it is not surprising to see more disagreement than agreement. But, finding some common ground is essential if any real progress is to be made. Whatever your stance, this debate provides some insight into the other side of the argument.

Watch — Immigration: A Boon or Burden to U.S. Society? – 2019 Arthur N. Rupe Great Debate

The Truth 24 Times Per Second

The Carsey-Wolf Center’s Spring 2019 screening series at UC Santa Barbara explores the international legacies of cinematic New Waves, including films from France, Cuba, China, Italy, and Iran. Whatever their disparate eras or sources, these selections share an emphasis on stylistic and narrative experimentation, a rejection of traditional film conventions, a sympathetic response to youth culture, an insistence on emotional verisimilitude, and a critical examination of contemporary social and political issues.

Alain Resnais’ Hiroshima mon amour (France-Japan/1959), written by novelist Marguerite Duras, uses the post-war affair between a French actress and a Japanese architect as the basis for a poignant meditation on memory and forgetfulness. The two struggle with their differing perceptions of the Hiroshima bombing and its lingering effects, both societal and personal (one of which is the end of their affair). Resnais, a former editor, employs a dense, elliptical narrative structure that includes documentary footage and brief flashbacks to the lovers’ previous lives, among other innovations. Resnais was a generation older than Truffaut, Godard, and other French New Wave filmmakers, but his innovations proved influential on their work.

Tomás Gutiérrez Alea’s Memories of Underdevelopment (Cuba/1968) is a complex character study set in Havana during a period of social turmoil, between the Bay of Pigs invasion and the missile crisis. The protagonist, Sergio, is a wealthy bourgeois aspiring writer who elects to remain in Cuba after his wife and friends flee to Miami. Living a rootless existence in an atmosphere of anomie, Sergio is soon caught up in the social and political Cold War forces engulfing Cuba, and the post-revolution economic upheavals that are causing his privileged class to disappear. As in Renais’ film the narrative which unfolds is fragmented and highly subjective, in a style meant to evoke the process of memory and that requires active participation from the spectator.

Zhang Yimou’s Red Sorghum (China, 1987), based on the novel by Nobel laureate Mo Yan, chronicles life in a rural Chinese village during the Second Sino-Japanese War. Though seemingly more conventional in style and narrative structure than other New Wave films, Red Sorghum shares its determination to challenge Hollywood conventions, eschewing ersatz sophistication and easy sentimentality in favor of simplicity and emotional directness, expressed in unromanticized depictions of poverty, sexual abuse, and sudden violence. The overall effect at times approaches a state not unlike magic realism. The film was also distinctive for its time and place in centering its story on a young girl, an emphasis which abetted a critique of Chinese society’s traditional sexual mores and treatment of women.

Though diverse in their blending of themes and techniques, what emerges from viewings of these and other New Wave films is a renewed sense of the cinema’s potential as a narrative art form, one illuminating aspects of the human condition far surpassing the boundaries of Hollywood storytelling.

Browse more programs in Carsey-Wolf Center.

Oy Vey – The Strange Stories of Yiddishland

Unlike most languages, which are spoken by the residents of a particular area or by members of a particular nationality, Yiddish – at the height of its usage – was spoken by millions of Jews of different nationalities all over the globe.

Eddy Portnoy’s book mines century-old Yiddish newspapers to expose the seamy underbelly of pre-WWII New York and Warsaw, the two major centers of Yiddish culture in the late 19th and early 20th centuries. He calls it an underground history of downwardly mobile Jews.

He relates true stories of Jewish drunks, murderers, wrestlers, psychics and beauty queens, all plucked from the pages of Yiddish dailies, revealing unusual and unexpected aspects of Jewish urban life to an audience at UC Santa Barbara. His book “Bad Rabbi and Other Strange but True Stories from the Yiddish Press” is one part Isaac Bashevis Singer, one part Jerry Springer – irreverent, unvarnished, and frequently hilarious compendium of stories providing a window into an unknown Yiddish world that was.

Watch — The Strange Stories of Yiddishland: What the Yiddish Press Reveals about the Jews.

Does Trump Have a Middle East Policy?

The Trump administration has clear objectives in the Middle East, but there is a wide gap between those objectives and the methods employed to achieve them. That’s according to Dennis Ross, a former special assistant to President Obama and current fellow at the Washington Institute. Ross spoke recently at UC Santa Barbara, breaking down President Trump’s Middle East policy into three key elements: counter-ISIS, counter-Iran, and achieving the “ultimate deal” between Israel and the Palestinians.

When it comes to ISIS, Ross says the president’s strategy is working in part, but is incomplete. The military effort to defeat the terror group has been largely successful, but ISIS will leave behind a power vacuum. Ross says without a comprehensive plan for reconstruction, security, governance and the inclusion of Sunnis in place, we risk another, similar terror group filling the vacuum.

In Iran, Ross says the Trump administration is pursuing a maximum pressure strategy, hoping to squeeze the regime with sanctions until it is forced to give up its nuclear program. Ross says a similar plan has made some headway with North Korea, but there is a major difference: the Iran nuclear deal. Ross says it will be difficult to put the necessary pressure on Iran when the US is the only country that has pulled out of the deal. Additionally, Ross says the administration has been largely absent from a growing conflict in the region concerning Iranian surface-to-surface missiles being sent to Syria, threatening Israel.

Finally, when it comes to Israel itself, Ross says the Trump administration is pursuing a deal with the Palestinians, but has made some missteps. Ross argues the approach of getting Arab leaders involved with negotiations was a step in the right direction, but the execution of the plan pushed Palestinians away from the table, and has ignored the recent actions of Mohammed Bin Salman in the death of journalist Jamal Khashoggi.

While Ross argues the Trump administration lacks sufficient strategy in three key areas of Middle East policy, he believes there are relatively simple changes the president could make. In the fight against ISIS, Ross lays out a plan to ensure the terror group is not replaced by something worse. In Iran, he predicts an opportunity to negotiate with Russia on both sanctions and a deal to keep Iranian weapons out of Syria. And, he even has some suggestions for how to achieve the ultimate deal between Israel and the Palestinians.

Watch Does Trump Have a Middle East Policy?