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THE RUSTANDY MONTHLY ISSUE 12: NOVEMBER 2020
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The U.S. presidential election—and the country's widening partisan divide—have gotten all the attention lately, and it’s no wonder considering how much of our COVID-19 U.S. household survey findings seem to hinge on a person’s political affiliation. Some interesting stats from our latest analysis: Since the pandemic began, confidence in institutions fell across both parties. Republicans had the largest drop in confidence in the scientific community from an initial support of 50 percent in April to 20 percent by mid-June. Among Democrats, confidence in banks and financial institutions fell most from 19 percent to 10 percent. ProMarket has a summary of findings.
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I just read some interesting economic research that could help us better understand the legacy of racism in America more broadly. My Booth colleague Constantine Yannelis and Babson College’s Luke C. D. Stein
studied records from the Freedman’s Savings and Trust Company, a financial institution that exclusively served newly emancipated Black Americans for nine years (before closing). They found that account holders were more likely to be literate, attend schools, work, have higher incomes, and own real estate. I’ve always approached challenging questions through a historical lens, and that framing might help us make needed progress on financial inclusion today.
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Chicago Sun-Times: Rustandy Case Study Examines Investments in Chicago's Pullman
Impact Alpha: Rustandy Advisor Shares Creative Finance Structures to Weather Pandemic
Chicago Booth:
Rustandy, Harvard, and Wharton launch Impact Finance Research Consortium
Story Hub: Julia Stasch Discusses Philanthropy, Race, Social Equity at Rustandy Event
ProMarket: Rustandy Survey Shows COVID-19 Reducing Confidence in U.S. Institutions
Poets & Quants: SNVC Startup Named to 2020 "Most Disruptive" List Greentarget: Rustandy Leader Caroline Grossman Discusses Business and CSR Full-Time MBA Blog: MBA Led Rustandy Exec in Residence Chris Wheat, '10, to Social Impact
Blog: Brian Fabes, Dorri McWhorter Join Julia Stasch, Priya Parrish, '09, as Execs in Residence
In Case You Missed It:
Download: Our Pullman Impact Investing Case Study
Watch: Video discussion with Ford Foundation's Darren Walker
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