Jeremy Balkin: ‘Absolutely Finance Is A Force For Good’

Jeremy Balkin, founder of Give While You Live, stopped by HuffPost Live at Davos to talk about using finance to make positive change.

“Absolutely finance is a force for good,” Balkin said.

Balkin said there must be change in the banking industry, and it has to come from within.

“I’m not sure you can impose from the outside, cultural change… I think it has to come from within, I think it has to be organic,” he said.

Balkin addressed the negative feelings many people have about the failures of banking.

“I think we’ve been in a really unique period of history where we’ve had moral and ethical failure… the difference is, we feel finance much more because it’s an empty pocket, it’s money… these other ethical failures, the tangible results of those failures we don’t necessarily feel as directly,” Balkin said.

Below, live updates from the 2015 Davos Annual Meeting:

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“There is a sense of liberation that in these next four years we can go out and, we want to be the healthiest state,” Hickenlooper said.

Hickenlooper said he’s hoping to make progress on trails, schools, jobs and business, among other things.

“There’s just so much out there,” Hickenlooper said.

Colorado Gov. John Hickenlooper on HuffPost Live

“We would never try to take anyone’s guns away,” Hickenlooper said.

Hickenlooper said he’s “hopeful” he’ll be able to work with the NRA to encourage them to throw their support behind universal background checks, which the group used to support.

Read more here.

Stoffels said two major challenges of many diseases include the basic science and the cost.

“Developing a drug is expensive, developing a vaccine is expensive,” he said.

“One of the misconceptions is that Ebola is only really transmitted when you really touch a patient,” Paul Stoffels said. “It’s not that transmittable.”

Paul Stoffels, chief scientific officer of Johnson & Johnson, said his company is working with different partners on an effort to get out into the field and fight Ebola.

“We immediately decide to put an investment of 0 million into [an Ebola vaccine],” Stoffels said.

Stoffels said his company has been working since 2008 on an Ebola vaccine, when the virus was far less wide-spread but considered a potential threat of bioterrorism.

“I don’t believe in competition in providing to meet the needs of those who are poorest in our community,” Cousin said. “There’s room for everybody.”

Artist Lynette Wallworth writes:

Last September I brought my film Coral the Ocean Dome to Tianjin, this year in Davos I am presenting “Evolution of Fearlessness” an immersive, interactive artwork that responds to touch.

To experience the work you first read the stories of 10 women who are primarily political refugees now residing in Australia. The stories of these women verge from the horrendous to the terribly sad. Most have experienced extreme acts of violence and worse. But the work is not about what has happened to the women, it is about who they have become. After reading their stories the viewer approaches a doorway in a darkened room and places a hand on the glass portal. This action causes the activation of a life-sized video of one of the women who steps forward and places her hand on your hand. The work creates a moment of video touch. What you experience from looking into these women’s eyes is not their devastation, but rather and perhaps surprisingly, their love.

Read more here.

Ertharin Cousin on HuffPost Live at Davos

The Huffington Post