Once upon a time, there was a Thai philanthropist who funded a program in Africa which paid for the education of the poor. One of the beneficiaries of this funding program, a young physicist barely out of their teens, discovers a new physics, a new way of characterising, describing and understanding reality. From this new

Each force or interaction is a topological space. The interaction between two or more spaces produces physical properties such as charge and mass. The observation space is a factor in how matter and interactions manifest. Each space is induced by the physical matter it manifests. The angular displacement between two or more spaces influences the

The purpose of blended finance is to attract capital to impact investing by pooling risk and then redistributing it in such a way that it addresses the financial and impact objectives of various investor types. Philanthropic capital is relatively scarce compared with financial capital. To attract more capital, of all types, to fund impact investments,

Inflation has dominated investors’ attention since 2021. In 2023, core inflation cooled from 6.6% to 4.0%, a significant move yet well above the 2.0% target of the Federal Reserve. Meanwhile, the Fed raised rates 4 times from 4.50% to 5.50% and while it signaled that market expectations for rate cuts in 2024 might be premature,

Blended finance is an efficient mechanism for intermediating capital in impact investing. There is scope for further development.  An important innovation would be to establish a correspondence between impact (shortfall) risk and credit risk. This would require a generally accepted standard and framework for measuring and analysing impact metrics with a view to translating such