May 6, 2011
We quote Jim Cramer this morning--whose short description of recent commodity price volatility is instructive: "Foreclosure glut! Except this time it is stock and commodity foreclosures, not homes. Today's a day that will live in commodity infamy, a reminder that as much as we would love to believe that supply and demand play a role in commodities, we discover that, yes, supply and demand do matter, but it is the supply and demand of credit to speculators, and the supply and demand of collateral. Today we discovered that with a few pennies move in the dollar, we can dislodge renters in oil just as easily as we can do it in silver. We discovered that the buyers of oil in the futures markets, the marginal buyers, so to speak, were, at best, correlation buyers --meaning speculators who bought oil as a hedge against a weak dollar -- and at worst were simply trend-followers. When the trend turned against these followers, they didn't have the capital to shore up their pos
May 5, 2011
A new release of the People Denominated Capital (PDC) calculator was published on the www.share-capital.org web site today. The new version allows the user to select industry sectors and different demographics for the
PDC analysis.
April 12, 2011
The SCF board of directors announced today that it will prioritize its equity investment policy to consider public companies who have adopted
Integrated Reporting ("IR") protocols. IR "demonstrates the linkages between an organization's strategy, governance and financial performance and the social, environmental and economic context within which it operates".The SCF board also announced its plans to adopt IR standards for its 2011 year end reporting.
March 31, 2011
Microfinance capital provider, Dignity Fund, makes final distribution to investors. SCF Chairman, Jeff Snider commented, "We were pleased to be first round investors of the
Dignity Fund. We remember fondly the organizational meeting in Havana, Cuba in 2003." The Dignity Fund provided lending capital to ACCION, Diaconia Microcredito Rotativo of Ecuador and MKB of Indonesia. In 2007 the Dignity Fund became a
Clinton Global Initiative Certificate of Commitment recipient.
March 12, 2011
Directors of Hands Along the Nile ("HANDS") meet at Kennesaw State University, Kennesaw, Georgia to assess direction and opportunities in light of recent developments in Egypt. Chairman Jeff Snider is invited to present Share-Capital perspective as part of the assessment process.
HANDS is a US based NGO with a mission to build Egypt-US relationships leading to economic development partnerships in Egypt.
January 27, 2011
Central New York housing developer,
Homes by Cornerstone, CEO David Fleet, and SCF founder Jeff Snider discuss first time home buyer strategies and explore asset management alternatives to support new mortgage origination given the state of conventional bank credit supply.
November 16, 2010
"Two-thirds world" adopted by SCF board as official terminology to replace "Third World" as reference. SCF Chairman, Jeff Snider commented, "The demographic of people whose economic lives are largely subsistence based—represents two-thirds of the world's total population. For decades "Third World" has been the common parlance to describe this community. "Third World" fails to express the scope of this demographic—even as its hierarchical message "Third"—misleads.
November 4, 2010
SCF Director Peter Beard joins United Way’s headquarter team in Arlington, Virginia. Peter Beard serves as the Senior Vice President for Impact Priorities at United Way Worldwide—a nonprofit network of nearly 1,800 local United Ways in 40 countries and territories, and more than 1,200 local organizations in the United States of America.
July 16, 2010
SCF founder, Jeff Snider, meets with Bobby Ives, founder of the
Carpenter's Boat Shop located in Pemaquid, Maine—to express gratitude and appreciation for the good example and message of the Boat Shop’s mission
June 18, 2010
Cindy Chapman Nairn of M.S.J Management and Investment Co. Ltd, a Bahamian startup alternative energy company, meets with SCF to discuss capital raising goals and strategies. A meeting of senior M.S.J. decision-makers took place in Montour Falls, New York.