President Obama’s financial reform speech this afternoon reminded me of my visit to Wall Street last year. Whether we’ll see contentious Pecora-esque hearings like we saw during FDR’s administration around the Great Depression, that pit Main St. against Wall St., or a less confrontational approach to reform remains to be seen. I thought today’s speech was direct but neither confrontational nor divisive. I think most would agree that we should attempt to prevent future taxpayer funded bailouts (no more too big to fail; though, the future of GSEs like Fannie and Freddie has yet to be debated in depth), increase regulation and transparency around derivatives and other high-risk financial instruments, enhance consumer protection, and put aspects of compensation and bonuses into shareholder’s hands.
In terms of accomplishing many of these proposed reforms, however, it seems that a healthy dose of compromise is in the best interest of all parties. Professor David Moss’ (Harvard Business School) suggestion to target the largest sources of systemic risk most aggressively and to have a “soft-touch approach” to the rest is, in my opinion, the most pragmatic and realistic approach to achieving substantive financial reform.
New York Stock Exchange. Wall Street, New York City
I shot these images of a snake charmer and king cobras in Rajasthan, India. It’s quite exhilarating (and foolish) to be standing just a few feet away from one of nature’s most feared reptiles. I’m hoping to photograph sharks in the near future – very excited about this!
I shot this image in 2006. It captures a rickshaw driver who wears his life’s hardships on his face – despite the odds stacked against him, he persists, one pedal at a time.
I traveled to Brazil over winter break with a few of my business school classmates. We spent six nights in Rio De Janeiro, two nights at Iguazu Falls (Argentinean side), and 5 nights in Florianopolis. All in all, it was a really fun trip. However, compared to Argentina and Costa Rica, I felt Brazil left something to be desired. I felt that Rio was over-hyped and lacked the rich cultural identity and architectural style that I found so amazing in Buenos Aires, for example. If I were to do it again, I would suggest spending 3-4 nights in Rio, 2 nights at Iguazu Falls (Argentinean side), and 3 nights in Florianopolis (ideally Friday, Saturday, Sunday).
The US Airways flights to and from Rio were not exactly pleasant (run down B767), though we did get a good laugh out of their Top 10 travel destination list (e.g., somehow all of their hubs made the list). TAM, the Brazilian carrier, exceeded our expectations. The airline has a modern fleet, serves meals on all flights, and humidifies the cabin more liberally than any other carrier I’ve flown.
RIO DE JANEIRO.We spent six nights in Rio, spending time at the beaches, touring the major attractions, experiencing the restaurants and nightlife, and lounging by the hotel pool. We also managed to squeeze in some of the bowl games and NFL playoff games.
Hotels: The Rio Sheraton, located about 35 minutes from the international airport, was a pretty good hotel, but the service was mediocre. The hotel didn’t provide room upgrades or late check-out for Starwood Platinum members (the hotel wasn’t at capacity) and the restaurant menus were rather limited. Ironically, the room service menu offered the greatest selection and value. The poolside restaurants were ok but were very overpriced. The fitness center was reasonable and offered a mix of free weights, universal machines, and various cardio machines. The hotel overlooked the Rio skyline on one side and favelas on the other. The city’s divisions along socioeconomic status were quite noticeable.
Restaurants: Porcãois a tasty churrascaria in Ipanema. The salad buffet was less than impressive but the drinks, cuts, and service were very good. Prices are comparable to churrascarias in the U.S. Blue Agaveis a fun Ipanema bar started by a couple of American chefs, Rich and Jason. Sawasdee Bistro is a decent but overly priced Thai restaurant in Leblon. Quadrucciwas a nice Italian find in Leblon. It offered tasty food and drink selections and a fun ambiance. Enosfera in Leblon was a highlight. This trendy wine bar, started by Sergio Pagano, offers an extensive wine list and turns into a full-fledged lounge. We had lunch at La Bronx a couple of times. This cafe / juice bar has a large breakfast and lunch menu and the longest juice menu I have ever seen. The restaurant at the Sheraton Rio was fine but nothing to get excited about.
Fun: We spent a good amount of time lounging on the beach (Leblon and Ipanema) and by the hotel pool. You can rent beach chairs and umbrellas at the beach for just a few dollars. The views from Corcovado and Sugar Loaf were stunning (pictures below). We walked down Copacabana Beach after visiting Sugar Loaf but didn’t spend much time there.
IGUAZU FALLS. We spent two nights at the Iguazu Falls. We flew (two hour flight from Rio) into the Iguassu, Brazil airport and took a 45-minute taxi to the Iguazu Sheraton (Argentina). Border security was uncomfortably lax.
Hotels: The Iguazu Sheraton is located in Iguazu National Park and offers a stunning view of the falls. The service at the Iguazu Sheraton exceeded our expectations and was far superior to the Rio Sheraton. Upon checking in, we received a room upgrade, a bottle of champagne on the first night, and a bottle of wine on the second night. The staff went out of their way to accommodate us and other guests. The hotel restaurant was very good and the breakfast buffet (included) was excellent. The pool area was well-maintained and the water was clean and warm. The favorable exchange rate was also enjoyable!
Fun: We woke up at 5:45 am to catch a glimpse of the falls at sunrise but this wasn’t necessary. We walked over to the falls at 8:00 am (8-10 minute walk from the hotel). The falls were incredibly powerful and massive – I would highly recommend including Iguazu on your “to see” list. Unless you want to take a raft tour (you get soaked), I don’t think it’s necessary to purchase a tour package. We budgeted five hours to walk around and photograph all of the falls – this was plenty of time. I would pack bug spray, water, and a couple of zip lock bags to keep your camera and wallet dry.
The hotel spa was exceptional. The massage therapists and staff were very professional and the quality of services was comparable to 5-star western spas.
FLORIANOPOLIS. We spent five nights in Florianopolis. We flew in from Iguasu, Brazil via São Paulo (2-hours) and took a 35-minute taxi to our hotel, Il Campanario. The São Paulo airport was very run down and chaotic.
Hotel: The Il Campanario in Jurerê was a disappointment, despite its nice pool. The hotel is excessively priced given the quality of rooms, service, and amenities. We had to switch rooms twice due to a broken A/C and balcony door in the first room and faulty plumbing and repulsive odor in the second room. Hotel management was unresponsive (we had to go down to the front desk to follow-up on our calls) and lacked the professionalism expected of a 5-star hotel. If you value service and professionalism, I would not suggest staying at the Il Campanario.
Restaurants:Sim’s Restaurant in Jurerê, only three-weeks young, was fantastic and gets my vote for best restaurant of the trip. The servers and host staff were exceptionally detail oriented and accommodating and the meals were excellent.
Fun: We split our time between Jurerê beach, Praia Mole, and the hotel pool. In addition to lounging on the gorgeous beaches, we paid a visit to the MTV beach house, experienced Florianopolis’ booming nightlife, and watched a bunch of movies. The beaches here were much cleaner than those in Rio.
My travel power rankings, based on overall impressions (cultural identity, cuisine, architecture, service), experiences, and perceived value:
1. United States (I have yet to visit a country that made me think, “I like it here more than the U.S.”)
2. Buenos Aires, Argentina
3. Patagonia, Argentina
4. New Delhi, India
5. Paris, France
6. Agra, India
7. Jaipur, India
8. Iguazu Falls, Argentina
9. Manuel Antonio, Costa Rica
10. Rio De Janeiro, Brazil
1. Maui, USA
2. Cancun, Mexico
3. Honolulu, USA
4. Florianopolis, Argentina
5. Goa, India
6. Palm Beach, Aruba
7. Miami, USA
8. Acapulco, Mexico
9. Nassau, Bahamas
10. Ochos Rios, Jamaica
1. Boston, Massachusetts
2. Maui, Hawaii
3. Honolulu, Hawaii
4. Jackson Hole, Wyoming
5. Miami, Florida
6. San Francisco, California
7. Chicago, Illinois
8. San Diego, California
9. New York City, New York
10. Newport, Rhode Island
This is a 6 minute photo/video documentary (“Impressions”) on India that I produced in 2006. From remote villages and extreme poverty to majestic palaces and snake charmers, it provides a glimpse into India’s wonders and challenges.
The tragic youth violence in Chicago and other cities around the U.S. has left me wondering why the social fabric of our country continues to be so damaged. From my conversations with community leaders and families across Boston’s most vulnerable neighborhoods and work with urban healthcare and school systems, I offer below my thoughts on the key drivers of youth violence in our cities. While I highlight a variety of issues, I believe strongly that low quality public education is not only one of the strongest drivers of youth violence but also one of the greatest social challenges of our time (especially because it sits at the center of a vicious cycle that perpetuates social inequality).
Broken homes
Single parent homes often at or below the poverty level.
Lack of educational attainment.
Lack of jobs.
Children being born out of wedlock.
Incarceration rates among minorities – in 2006, for example, blacks were disproportionately overrepresented in nearly every major arrest category: murder 59%, forcible rape 34%, robbery 67%, aggravated assault 42%, simple assault 39%). For reference, blacks make up 17% of the juvenile population in the U.S.
Lack of competitive public education and enrichment programs
Lack of quality education and enrichment opportunities from day one (preschool, arts/cultural programs, sports, etc.). When I was working on increasing physical activity opportunities for Boston youth, I had the privilege of partnering with innovative organizations, such as the Center for the Study of Sport in Society (CSSS). CSSS’s comprehensive research has revealed that inner city children have disproportionately fewer sports/after school opportunities than their suburban peers.
Impediments to reinventing public education (e.g., teachers unions, anti-charter school sentiment, attracting top teachers, compensation, etc).
Lack of funding and infrastructure to support a longer school day.
Prejudice against those who excel academically.
Children from low-income families are 5-6 times as likely to drop out of school than youth from high-income families. The juvenile minority population is also expected to experience the most growth over the next five years, which underscores the importance of acting now.
Lack of role models and positive examples
It’s time to face the music – the majority of music, movies, television programs, and internet content consumed by minors is not what most would consider “educational” or “enriching”. In fact, much of this content depicts violence and drug use as cool and sexy.
A culture and tradition of achievement is lacking.
Minority children are more likely to see their father in jail, to be raised in broken homes, to grow up at or near the poverty level, to be exposed to gangs – in many ways, the writing is on the wall.
Culture of fear and intimidation
According to U.S. Attorney General, Eric Holder, more than 60% of U.S. children were exposed to violence in the past year. Groundbreaking work by Boston Medical Center Pediatrics (Child Witness to Violence Project) and others provides ample evidence that children who are witness to violence are more likely to experience developmental and social challenges later in life. Children who are exposed to violence regularly are much more likely to resolve conflict through violence.
Inaccessible healthcare
Because inner-city families have a harder time accessing healthcare (e.g., insurance, transportation, working multiple jobs, etc) and are more likely to skip appointments, pediatricians and other health professionals are unable to intervene early-on (e.g., identify risk factors including emotional disorders, anti-social behavior, aggression, academics, family dynamics, drug abuse, carrying weapons, gang involvement, exposure to violence, etc).
Lack of affordable housing
Families in inner-city America face inordinate difficulty purchasing, renting, and renovating safe, livable housing. I have met too many families in inner-city Boston who have to choose between food, shelter, clothing, savings, and healthcare on a daily basis – this shouldn’t be the case in the United States.
The built environment
Lack of open play space, walkable areas, bike paths, etc.
Parents don’t want their kids playing in the streets because of safety concerns (e.g., violence and traffic).
Vulnerable children are more likely to succumb to drug use pressures because of social pressure, media pressure, and seeing family members and friends abuse drugs. These children may also be abusing drugs as a way to cope with reality. Drug abuse is also associated with firearm and weapon possession – a drug trafficker can’t settle a dispute in court for obvious reasons so the logical alternative is violence and/or intimidation. In the absence of effective parenting, positive role models, community development, quality education, and access to healthcare, among others, it is hard to imagine that we will be able to address this issue in a meaningful, sustainable way.
I am always taken aback by the number of liquor stores per square mile when driving through inner-city Boston. I don’t believe you will find as many liquor stores in most suburban communities. What does this say about community development/redevelopment priorities?
Loose gun and weapon control
While I would be the first to concede that this issue is far deeper than simply firearm and weapon ownership, youth firearm and weapon possession is without a doubt part of the problem. I think one can reasonably assert that putting weapons in the hands of distraught youth, who are likely not equipped with sound judgment/decision making capacity and in some cases living in downright abject conditions, is a terrible idea and one that is likely to end in tragedy. Regardless of your political persuasion and interpretation of the 2nd Amendment, I think we can agree that there is no place for weapons in the hands of children.
Who bears responsibility? In my assessment, we all do. Just because youth violence may not be an issue in my immediate backyard does not absolve me of my fundamental obligation as a citizen to improve and safeguard our society. What will it take to overcome these challenges? Is it more effective leadership at the national, state, and municipal levels? Better parenting? More policing? Increased community engagement and coordination (e.g., parents, schools, police/fire departments, elected officials, non-profits, faith-based organizations, healthcare institutions, academic institutions, sports teams, businesses, etc)? Increased personal responsibility? Better public education? Or is it a matter of social will? I would argue that it’s a combination of all of the above.
This is the United States of America, not an uncivilized nation. Children are being robbed of a childhood and our country of its future. If we have the courage to stand up for human rights around the globe, the ability to wage two wars, and the sophistication to fire rockets at the moon, then I am absolutely certain that we have the capacity to address urgent domestic issues such as youth violence. If we are unable to tackle these challenges at their roots, then what does this say about our nation’s character?