Many parents who want the best education for their children turn to private schools, assuming they will lead their kids to greater success.

At first glance, some data appears to back up that notion. The National Association of Independent Schools and Gallup found that private schools tend to have a greater percentage of graduates going on to higher education, and also tend to attend selective colleges and universities. And a new study shows that overall, children who have attended private schools had better outcomes in nearly all assessed areas of adolescence.

For many parents, this prospect justifies spending thousands of dollars per year in private school tuition. They also bolster support for voucher systems, which distribute public education funds to parents to spend on private schools if they so choose.

Keep Reading Show less
Courtesy of Chef El-Amin
True

When non-essential businesses in NYC were ordered to close in March, restaurants across the five boroughs were tasked to pivot fast or risk shuttering their doors for good.

The impact on the city's once vibrant restaurant scene was immediate and devastating. A national survey found that 250,000 people were laid off within 22 days and almost $2 billion in revenue was lost. And soon, numerous restaurant closures became permanent as the pandemic raged on and businesses were unable to keep up with rent and utility payments.

Hot Bread Kitchen, a New York City-based nonprofit and incubator that has assisted more than 275 local businesses in the food industry, knew they needed to support their affiliated businesses in a new light to navigate the financial complexities of shifting business models and applying for loans.

According to Hot Bread Kitchen's CEO Shaolee Sen, shortly after the shutdown began, a third of restaurant workers that they support had been laid off and another third were furloughed.

Keep Reading Show less