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Mayor seeks $704m bond for unfunded pension liability

Providence Mayor Jorge Elorza is looking to fix the city s massively unfunded pension liability with a $704-million pension obligation bond.
Elorza confirmed the news in a Zoom call with reporters Thursday after City Council President John Igliozzi and House communications director Larry Berman shared details with The Providence Journal on Wednesday.
Providence would have 25 years to pay the money back at a fixed rate with around 3% to 4% interest and a call provision in 10 years.
Currently, the city s pension system is 22% funded. The mayor s plan would boost funding to 65%, surpassing the city s 60% obligation.
At the heart of the matter is the reality that the city s current payment schedule is unsustainable. In fiscal year 2020, the actuarially determined contribution totaled $86.7 million and will continue growing at a rate of 4% to 5% per year, peaking in fiscal year 2040 at $227.5 million. That outpaces the growth of the city s tax base. ....

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Mighty Networks raises $50M to build a creator economy for the masses – TechCrunch

Mighty Networks raises $50M to build a creator economy for the masses
Mighty Networks, a platform designed to give creators and brands a dedicated place to start and grow communities, has closed on $50 million in a Series B funding round led by Owl Ventures.
Ziff Capital Partners and LionTree Partners also participated in the financing, along with existing backers Intel Capital, Marie Forleo, Gretchen Rubin, Dan Rosensweig, Reid Hoffman, BBG Ventures and Lucas Venture Group. The investment brings Palo Alto-based Mighty Networks’ total raised since its 2017 inception to $67 million.
Mighty Networks founder and CEO Gina Bianchini who started the company with Tim Herby and Thomas Aaron is no stranger to building nurturing environments for community building. Previously, she was the CEO and co-founder of Ning, where she led the company’s rapid growth to three million Ning Networks created and about 100 million users around the world in three years. ....

New York , United States , Thomas Aaron , Peter Diamandis , Gina Bianchini , Amanda Seales , Ajayi Jones , Adriene Mishler , Gretchen Rubin , Marie Forleo , Reid Hoffman , Sophia Amoruso , Amit Patel , Dan Rosensweig , Tim Herby , Ning Networks , Palo Mighty Network , Lucas Venture Group , Mighty Network , Mighty Networks , Singularity University , Capital Partners , Liontree Partners , Intel Capital , Lucas Venture , Palo Alto Based Mighty Network ,

Mighty Networks Raises $50M Equity Round to Build the Creator Economy for All

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Thomas Aaron , Gina Bianchini , Amanda Seales , Ajayi Jones , Peter Diamanadis , Adriene Mishler , Gretchen Rubin , Marie Forleo , Reid Hoffman , Sophia Amoruso , Amit Patel , Dirk Ziff , Dan Rosensweig , Tim Herby , Prior To Mighty Networks , Ning Networks , Lucas Venture Group , Google Play Stores , Mighty Network , Mighty Networks , Singularity University , Owl Ventures , Ziff Capital Partners , Liontree Partners , Intel Capital , Great Oaks Venture ,

Mighty Networks Raises $50M Equity Round to Build the Creator Economy for All

Mighty Networks Raises $50M Equity Round to Build the Creator Economy for All
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

Thomas Aaron , Gina Bianchini , Amanda Seales , Ajayi Jones , Peter Diamanadis , Adriene Mishler , Gretchen Rubin , Marie Forleo , Reid Hoffman , Sophia Amoruso , Amit Patel , Dirk Ziff , Dan Rosensweig , Tim Herby , Prior To Mighty Networks , Ning Networks , Lucas Venture Group , Google Play Stores , Mighty Network , Mighty Networks , Singularity University , Ziff Capital Partners , Liontree Partners , Intel Capital , Great Oaks Venture , Luvvie Ajayi Jones ,

Mighty Networks Raises $50M Equity Round to Build the Creator Economy for All

Mighty Networks Raises $50M Equity Round to Build the Creator Economy for All
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

Thomas Aaron , Gina Bianchini , Amanda Seales , Ajayi Jones , Peter Diamanadis , Adriene Mishler , Gretchen Rubin , Marie Forleo , Reid Hoffman , Sophia Amoruso , Amit Patel , Dirk Ziff , Dan Rosensweig , Tim Herby , Prior To Mighty Networks , Ning Networks , Lucas Venture Group , Google Play Stores , Mighty Network , Mighty Networks , Singularity University , Ziff Capital Partners , Liontree Partners , Intel Capital , Great Oaks Venture , Luvvie Ajayi Jones ,