JPMorgan will invest $1.75 billion into American communities — and the CEO says it’s good for business

Richard Feloni, provided by Published 7:55 am, Friday, February 16, 2018 Getty/Win McNamee This post is part of Business Insider's ongoing series onBetter Capitalism. JPMorgan Chase is investing $20 billion in its US operations over five years, $1.75 billion of which is going to philanthropic causes. These causes include enhancing educational and entrepreneurial initiatives in communities like the South Bronx and Detroit. He agreed with the ideals in BlackRock CEO Larry Fink's recent CEO letter, explaining that being a good community member creates value for shareholders. We also talked to Dimon about the bank's healthcare initiative with Amazon and Berkshire Hathaway, and why he won't run for office.You can read the full Q&A here. For JPMorgan Chase CEO Jamie Dimon, having the bank invest $1.75 billion into American communities over the next five years is only logical. Recommended Video: Now Playing: Monsanto CEO, JPMorgan Chase CEO, and more top leaders discuss the importance of good leadership. Media: FortuneTime "I've never been conflicted between shareholder value, being a good community citizen," he told Business Insider in an extensive interview, "and I tell people if I don't run a good, healthy, vibrant company, all other bets are off." The investments are part of a five-year, $20-billion plan beginning this month connected to a projected after-tax profit increase in the wake of tax reform. JPMorgan is not only raising wages for 22,000 customer service employees and opening 400 new branches, but is enhancing educational and entrepreneurial initiatives in communities like the South Bronx and Detroit. We spoke to Dimon in the Bronx, where he announced he was expanding the bank's Entrepreneurs of Color program by $5 million across San Francisco and the South Bronx, after seeing the program's success in Detroit. "By expanding this fund, we will help ensure more small businesses thrive and create local jobs," Dimon said at Continue Reading

Adults with autism learn life and job skills at new facility

Turning 21 is a time when most people celebrate their first steps into adulthood. But for young people with autism and their families, turning 21 means the end of their school-funded programs.It's a stressful time, when their families — with financial help from the state — must put together the services that will sustain them.  Families that banded together more than two decades ago to establish schools for their young children have set to work again, in some places in New Jersey. They've extended the schools' mission, raised funds and built new facilities to serve their now grown-up kids: adults with autism.The Institute for Educational Achievement in New Milford will dedicate one such new development on Saturday. Students who have "aged out" of its educational program now can continue learning in a new, $6 million "adult life skills" building next door.Another center for autism education, the Alpine Learning Group in Paramus, launched its adult services in 2004 and moved into a state-of-the-art facility in 2015. "There's a big need in New Jersey for education for adult learners" with autism, said Eric Rozenblat, co-director of the Institute in New Milford. The two-story life-skills building includes a large kitchen, where young adults learn how to make their own meals; a gym, with treadmills, an exercise bike and showers; offices with desks and computers; a laundry room, and a lounge with television, video games and magazines, to learn ways to spend leisure time.  On Thursday, two young adults were practicing job skills: Kate was typing at a computer, and Justin was polishing silver. The building has various rooms designed to simulate a home or workplace. All of the program's eight current participants have paying Continue Reading

I’ve overseen JCPS reforms and am ready for audit fallout, student assignment | Marty Pollio

For more than two decades, I’ve devoted my life to serving the students and teachers of the Jefferson County Public School district. For me, the mission is not just professional, it’s personal. From teaching at Shawnee High School to serving as principal at two JCPS schools, and now leading the district as acting superintendent, I’m grateful for the opportunities I’ve had to influence thousands of students’ lives.Through it all, I’ve worked to create safe, positive and healthy school cultures and climates where teachers can teach and students can learn. As I said at the time, I think our board took a bold step when it named me acting superintendent, and I believe the same skills that made me successful as a principal will continue to help me serve this district as superintendent for JCPS.  When I took over the district as acting superintendent in July of last year, my immediate focus was on improving culture and climate, tightening organizational coherence, and increasing student learning and achievement. To put it simply, we had a lot of work to do. Morale was at an all-time low, our district was under audit by the Kentucky Department of Education, and there were multiple barriers to learning for families across our district.   More: For a few moments during Bevin’s speech, a JCPS teacher took over. Her mission: Adoption More: Diane Porter was JCPS' first female African-American board chair. Now she's back in charge Today, a recent survey shows a nearly 40 percent increase in how employees positively view leadership in JCPS. We’ve also worked in partnership with KDE to ensure compliance with all laws and regulations set forth in its recommendations.  We’ve started the process of redirecting funds from central office to the classroom to better support schools and students. And, we are breaking down barriers to learning by opening our West Louisville satellite Continue Reading

Crunch time: What Amazon wants for its new HQ

WASHINGTON — Just 20 cities are left standing in the competition for Amazon’s second headquarters and the 50,000 jobs it will bring. Now comes the hard part for the finalists — and for Amazon. Based on the cities that made the cut, and what the company told some of the cities that didn’t, the company will likely scrutinize six key criteria when making its final call. It plans to announce its decision later this year. The 20 cities include Austin, Texas; Atlanta; Boston; New York City; Washington, D.C.; Los Angeles; and Nashville, Tennessee. Here’s what’s important: Talent, talent, talent: Among all of Amazon’s needs, high-skilled workers are at the top of the list. The company has ventured far beyond retail and shipping into cutting-edge technologies, including artificial intelligence, robotics, drones and voice recognition for its home speaker, the Echo. That’s likely to give a leg up to cities that already have large tech sectors, such as Boston, New York, Washington D.C. and Raleigh, North Carolina, all of which were on Amazon’s list. “They’re going to want to see that in the current workforce, but will also want a community that can come together and marshal that in short order,” said Alan Berube, a senior fellow at the Brookings Institution’s Metropolitan Policy Project. That means strong relationships between area businesses, community colleges and universities. Amazon executives bluntly told officials from Kansas City, Missouri, that the region’s lack of highly-skilled technology workers cost it a spot on the final list, according to Tim Cowden, CEO of the Kansas City Area Development Council. Size matters: The state of Connecticut applied for HQ2, including proposals for Hartford and Stamford. But it was told the cities weren’t big enough. “We received positive feedback from Amazon officials, but at the end of the day did not have a large enough metropolitan area Continue Reading

Top large workplace 2017: USAA gets high marks for its mission to aid customers and employees

By Lisa Greim,  Special to The Denver Post Generous benefits aren’t merely nice to have at USAA. They provide a competitive advantage in a tight labor market. “We get that working for USAA is a choice,” said Dana Hagood, executive director for human resources. “Everyone’s trying to recruit top talent.” More than 1,700 people work for USAA in Colorado Springs, part of a national workforce of more than 30,000 people. The company offers integrated financial services – retirement, insurance, investments and banking – to service members, veterans and their families. “The mission and purpose of USAA are to help people, not make money for stockholders,” one worker said. “We get to do things a different way.” USAA employees in Colorado Springs give management high marks for caring about employees’ concerns, communicating, and helping team members learn and grow. They appreciate weekly coaching sessions, the ability to work from home, and being treated like an adult on the job. “My manager at times will have a hands-off approach, forcing me to sink or swim (which I like),” one wrote. Hagood said an online tool, the Employee Job Satisfaction Pulse, has been a big hit with workers. Introduced in 2015, it lets employees use emoji to rate nine areas of workday happiness, add comments and choose to make them visible so that others can “up vote” them. The result is “100 percent unvarnished feedback, directly from employees,” and an early warning tool for management. Amenities at the Colorado Springs campus include onsite child care, clinic, physical therapy, massage therapy, fitness center, and cafeteria. Renovations to the campus will be complete in November, Hagood said. USAA also recently expanded its tuition reimbursement program to include all employees, without a wait, and all areas of study, not just business-related classes. But first on many Continue Reading

Letter: Todd Graham cleaned up ASU football and was fired for it

I am absolutely compelled to write this letter to express my deep remorse and frustration with Arizona State University terminating Todd Graham as football coach.Since when have exemplary performance and loyalty no longer been essential attributes for a coach?He provided a most difficult press conference Sunday, explaining failure to do so would be contradictory to what he teaches his players.Graham has run a clean program, was loyal to the university and dedicated to his players.He ran a clean program with dignity and class. He personally invested in his players, the university and led by example.Unfortunately some people had the audacity to criticize that he was over-optimistic and oversold the quality of his teams. What is a good coach supposed to do, say that his team is lousy and sow the seeds of mediocrity and low expectations, within the team. A motivating coach will create a sense of enthusiasm and pride within the team culture.My hat is off to coach Graham and his significant accomplishments, turning around a team and football program that was in terrible shape.Thank you, coach Graham, for your selfless service and dedication. You deserve accolades, not termination.— William Wade, Mesa READ MORE: Bickley: ASU needs a home-run hire before ASU backlash gets worse Moore: Ray Anderson was smart to fire Graham, demand better Former player on Herm Edwards as ASU coach: 'He's a real stand up dude' Send a letter to the editor  Continue Reading

Senate tax bill is life or death for Obamacare and millions who need it: Rep. Pocan

In October, while doing a routine exercise class, I felt something strange in my chest. Chalking it up to eating something that wasn’t right or running a little too fast on the treadmill, I shrugged it off, thinking that I was too young and too healthy for it to be anything else. While I was confident I was not having a heart attack at the gym that morning, a tightness in my chest was still enough reason to worry.Thankfully, I didn’t stay silent about what happened. When talking with my family over the next several days, my brother-in-law, a former nurse, encouraged me to get it checked out, just to be sure. More: GOP tax bill is just another way to repeal health care More: Don't cut taxes for rich people like me: Walt Disney grandniece Abigail Walking into the doctor’s office in Madison the first week of November, I didn’t expect the results of my medical tests to point in the direction they did. Following multiple rounds of testing and a brief stay in the hospital, it was clear that the pain in my chest wasn’t from my breakfast or my pace on the treadmill — it was from three arteries that had become blocked. On Nov. 8, I underwent triple bypass surgery to avoid a heart attack.I’m telling my story because the U.S. Senate is about to consider a disastrous tax giveaway to the rich that would also limit ordinary Americans’ access to health care. While the tax scam passed by Republicans in the House is unquestionably devastating to American middle-class families, the Senate version may be even worse. It includes a provision that aims to sabotage the Affordable Care Act, threatening the future of a law that provides highly popular and literally life-saving protections to all of us. Tens of millions of Americans who can no longer be denied coverage due to pre-existing conditions and enjoy free preventive services like cholesterol screenings are now being put at risk in order to pass a tax Continue Reading

Latest PR tour shows that Knicks owner James Dolan likes to win and take credit for it

James Dolan is guaranteeing a hugely successful season this year for the Knicks without actually making a guarantee. Instead, he’s bouncing around town tooting his own kazoo to his selected media friends to make sure that the fledgling blues singer is first in line to get credit if and when Phil Jackson turns this thing around. The message is quite clear: “Remember cable customers, without me there is no Zen Master. And pay your bill on time.” Of course, you no longer hear Dolan praising his man crush, Eagles manager Irving Azoff, for recruiting Jackson to New York as he did repeatedly during his previous media victory tour last March. Dolan oversold that one to the point where you weren’t quite sure if Dolan or Azoff was in charge at Madison Square Garden. (I heard that Azoff was going around telling fellow power brokers that he was “running the Garden.” And that is just awesome on so many levels.) The strategy for Dolan and his trusted advisers is to distance themselves from Azoff and make Jimmy D the face of the Garden again. Put it this way: Dolan is fine with being the warm-up act for the Eagles, but when the day arrives for the media and fans to dish out praise, Dolan wants to be the headliner. This was the same strategy early last season, in the wake of the Knicks looking like a competent franchise en route to winning 54 games in 2012-13. Carmelo Anthony, Mike Woodson and Glen Grunwald all received plenty of recognition, and rightfully so, for their contributions while Dolan felt a little left out. So what did the boss do? He fired Grunwald on the eve of training camp, which turned Woodson into a lame duck coach in late September. This was now Dolan’s show, and he was certain that his Knicks were on the fast track to a championship. So sure in fact that he arranged a Q&A with a newspaper in town that he owns. No, not Newsday. The other one. And this was Dolan’s great take last Continue Reading

Diaz: Making the case against Prop.123 and still voting for it

You can’t blame folks frowning over Prop. 123. They are being bombarded with so many messages over a complicated financial deal that it could be hard to make sense of it.The most erudite are lecturing you about financial formulas, spending investment returns, inflation-adjustments and protecting the state’s land trust created during statehood.The savvy marketers are playing more on your emotions, making sure you feel sorry for teachers who earn next to nothing, have to pay for their own classroom supplies and spend most nights and weekends grading. MONTINI: Exposing Prop. 123 scam in 6 words ROBERTS: Is governor paying for Prop. 123 support?It's true. And we should feel sorry for teachers who essentially have to take a vow of poverty. Way too many others leave the profession.Those who stay in the classroom and those who bolt made a choice.But the thousands of children who attend K-12 public schools in Arizona don’t have a choice. They’re stuck, mostly with a second-rate education with overcrowded classrooms, outdated computers and overworked teachers.Critics of Prop. 123 argue that taking $3.5 billion from the state’s land trust fund over a decade is a scam and a political trick to settle a lawsuit that successfully argued the state illegally withheld the money in the first place.First, the ideology. Do you believe in public education or not? If yes, then you can’t blame the desperate education groups who made the deal with Republican Gov. Doug Ducey to settle the lawsuit. In their view, this is the only way to inject a significant amount of money into public schools. And so, you should vote for Prop.123.Second, can you trust the Republican-controlled state government? We shouldn't trust them.You’ve got to remember that it has been the Republican-controlled state government that ignored the taxpayers’ mandate (Prop. 301) to fund public education and Continue Reading

Canadian father finally reunites with long-lost daughter — and gets fined for it: report

A Canadian finally ended his yearslong search for his long-lost daughter — and got a hefty fine for it. Dean Harper, of Montreal, is being asked by Batshaw Youth and Family Centers to pay $7,800 for parental services now that he’s reconnected with Athena Glusing, the daughter he tried tracking down for 16 years, CTV Montreal reported. This comes after Harper also claims Glusing’s mother put the girl in foster care a dozen years ago, and authorities never let him know about him — needlessly prolonging his parental pursuit as his estranged daughter shuffled through foster families. “I was very upset because they had my name on file. They knew who I was and I asked them, ‘Why didn’t you look for me when you got my daughter?’” Harper told CTV Montreal. “They said, ‘Well, we didn’t have your birth date.'” Dean Harper (l.) said it took 16 years for him to find his daughter, Athena Gusling (r.), even though social service administrators could have easily contacted him. Batshaw, a national child welfare organization, hasn’t commented on the case, but issued a statement saying it makes “regular attempts to locate parents” in all situations, “even in prisons.” Harper says Athena’s mother disappeared with their daughter shortly after the couple split, and he had to use social media to ultimately track Athena down. “She didn’t even know who I was,” Harper said about his reunion with Athena, when he showed up at her workplace. “I said, ‘I’m your father.’” Harper said he’s considering legal action against Batshaw. Athena said she’s elated to just be back with her father, and she’s trying not to be bitter about the reunion. Even so, she admits confusion over the fee her father faces. “The bill is just not ...I don’t Continue Reading