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So, too, would the creation of a national investment bank, able to steer capital into sectors creating high-quality, secure jobs.
The big United States banks have come under withering criticism for not lending enough to small businesses, but this week brings word that Citigroup, the parent of Citibank, will participate in a novel program to steer capital to small businesses that have an especially hard time getting it: those located in economically distressed areas.
O'Neal did promise last week to pull back on fixed-income activities, rein in risk-taking and steer capital spending toward potentially more lucrative activities, like private equity.
At the time, Korea's authoritarian government used the financial industry to steer capital toward conglomerates, the chaebols, that were supposed to propel the developing nation into the ranks of rich countries.
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He steered capital towards firms owned by Malays or the state, hoping to create Malay-run national champions.
In addition to attracting big clients, the sustainable investing initiatives being led by Lawson and others – including Audrey Choi, who leads Morgan Stanley's global sustainable finance group, and Andy Sieg, head of global wealth and retirement solutions for Merrill Lynch – have the potential to steer more capital into investments that promote corporate sustainability.
Lord Coe, who, swapping jobs with Barbara Cassani to become chairman of London 2012, is now set to steer the capital's bid to become the first city to stage the Olympics three times, claimed yesterday he was full of energy and optimism prior to the start of a marathon 14-month worldwide tour that will see him clock up more frequent flyer points than the busiest airline pilot.
On Wednesday, the author of that report 21CC senior fellow Mary Miller, the former undersecretary of domestic finance in the U.S. Department of Treasury will guide a panel focused on ways to steer private capital toward community development.
From 2009 to 2014, the Task Force worked to steer international capital to Afghanistan by taking investors on tours of the country and providing training to the Afghan government and private businesses.
When Carlo Ancelotti steered the capital club to their first title for 19 years last month, PSG's wealthy Qatari owners thought the Italian's dynasty was only beginning.
In his third season at the helm of Paris Saint-Germain, the popular Frenchman had steered the capital outfit to the top of Ligue 1.
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