Sunday, April 24, 2011

Matzah Crack Toffee

These are pretty much the best Passover treats I've ever made. A good way to use up matzah, and hey - this version is even vegan (since it uses dairy-free margarine). Thanks to my delightful daughter-in-law Becca from whom I learned these are called Matzah Crack, which gets to their addictive quality.
There are many versions of this, including one with saltines. [ As far as the Passover variety, check out Smitten Kitchen who references David Liebowitz who references Marcy Goldman - very Talmudic.]   You can use butter, brown sugar, all kinds of interesting nuts (pistachios are pretty), but here is the basic, basic version.  Double it for a jelly roll size pan.  The online versions of this say to line the pan with tinfoil, but I found it cleaned up easily without and liner, and of course that's more resource frugal.



2 to 3 matzahs (whole wheat is fine, believe it or not)
1 stick margarine
1/2 c. sugar
1 c. chocolate chips
a few ounces grated nuts

Heat oven to 375°.

Lay sheets of matzah in a flat pan, breaking them so the fit.

In a small sauce pan, melt one stick of margarine and stir in one cup of sugar.  It starts out as a paste and quickly becomes a syrup; stir continually.  Bring to a boil and boil 3 minutes without stirring.
Pour the syrup over the matzahs.  Use a spatula to make sure that all the surfaces are coated.  Don't worry about it flowing under the cracks.
Bake for 5 minutes. [Goldman says bake it for 15, watching carefully it doesn't burn.  I believe baking it longer results in better carmelizing.] When you take it out, the syrup will be bubbling. Pour the chocolate chips over the surfaces.
After about 5 minutes, take a few handfuls of grated nuts and sprinkle over the surface, as well.  Use a flat spatula or the back of a spoon to spread the melted chocolate chips to cover.  Sprinkle more grated nuts to the top.
Let it sit.  Some people put it in the refrige or freezer til the chocolate hardens.
When the chocolate it set, just pry up the pieces and break them off, and voila!  The best Passover dessert ever!  If some of the chocolate breaks off (which it will if it's cold), the matzah pieces themselves are really good, so don't worry.  And no one will mind eating the chocolate sans matzah, either.

Thursday, April 21, 2011

Impact Investing: Doing Well by Doing Good

Socially responsible investing by screen can yield some odd results, companies that don't contribute anything worthwhile to the world but are neutral or positive in their practices. Another approach is [Positive] Impact Investing, described here, so I'm putting this whole article up from AOL DailyFinance.  Looking forward to the time when this is available for Plain Jane investors, not just the big guys.


Impact Investing: A Better Way to Do Well by Doing Good

Posted 11:00AM 04/21/11
Putting your money where your heart is not a new concept. But making competitive profits in the process has proven to be a bit more complicated.

In the last 15 years,socially responsible investingor SRI, has become an increasingly visible option for investors who seek to blend social concerns such as environmental stewardship or human rights with their investing strategies. Those SRI funds are both feel-good and do-good by comparison to regular funds, but they've facedcriticismon two fronts: They have had lower returns, and their missions can be hard to define, which can lead to "greenwashing" -- the attempt to cover ordinary profit-seeking behavior with a thin patina of socially or environmentally positive PR.

However, top business schools -- along with a new breed of venture capitalists -- are trying to change that and prove that investing with the goal of creating a meaningful, positive social impact can generate financial returns equal to traditional methods. A new genre has evolved from SRI:impact investing, which proactively uses invested funds to solve social or environmental goals and achieve competitive financial returns at the same time.

Competing to Make the World Better


In early April, 12 teams of business-school students from top American and British schools gathered in New York City for the firstInternational Impact Investing Challenge.

Taking the podium in a wood-paneled conference room in J.P. Morgan's headquarters (formerly the Bear Sterns building), students presented ideas that showcased how those investing opportunities might look. The buzzwords bandied about included emerging markets, mobile platforms, micro health insurance, and clean energy.

The first-place portfolio, won byKellogg MBAstudents Sachpreet Chandhoke and Puneet Gupta, outlined theGrain Depot Fund, a plan to improve grain storage and distribution in India. They predict an initial investment of $17 million to build storage silos in India's bread belt could deliver a return rate of 19% for investors over a 15-year period, improve revenues for local farmers, generate new employment, and provide more grain for food. That's a lot of bread.

"The beauty of this is that it is simple," said Chandhoke. "We've gotten to the heart of what impact investing is all about."

Financial Innovation and Long-Term Strategies

Mark Milstein, director of theCenter for Sustainable Global Enterpriseat Cornell's Johnson Graduate School of Management, says the recent financial crisis showed that traditional investment vehicles were fallible, and underscored the importance of the sort of long-term strategies that are central to impact investing. The sector is predicted to grow to $500 billion by 2014, according to the nonprofitGlobal Impact Investing Network.

"In the bad economy, greenwashing went out the window," Milstein said. "But long-term investments have continued to grow and have value."

David Chen of Equilibrium Capital Group, who was key in organizing the competition, says he's impressed with the passion for social change he sees in today's business-school students. "It's not just students coming from the nonprofit world anymore," he said. "It cuts across all students."

As the competition wrapped up, students mingled with the judges -- managing directors, fund managers and partners at top capital firms responsible for directing billions of dollars.

"Finance can be a source of innovation if we can harness creativity in the next generation," Chen said.

See full article from DailyFinance:http://srph.it/goqV3w

Friday, April 1, 2011

American Wasteland Review, Part I


American Wasteland – How America Wastes Nearly Half of Its Food - Part I 
Jonathan Bloom’s American Wasteland is an engaging book on a topic which is finally garnering some much-deserved attention: food waste.  I’ve wanted to learn more about the back-story from field to my refrigerator, at which point waste is my personal responsibility, and Bloom is the perfect tour guide.  Because of the declining cost of food relative to American incomes, food has become devalued.  Hence food waste is no longer considered sinful or just plain stupid, but rather a problem solver of what to do with our excess. 
Be warned, despite Bloom’s droll wit, amusing anecdotes, and endearing asides, his story is not pretty.  From production to plate, Americans waste almost half of our food supply.  He takes us through our country’s food system, from farm to restaurant or supermarket, and ultimately into the home of the consumer.  Us.  Much is wasted at each juncture, until in the end, we toss perfectly good food for reasons that might make sense at the time, but when analyzed, seem entirely avoidable.
Industrial farming is a high risk, low profit margin business.  Imperfect produce is increasingly rejected by marketers in an attempt to match the elegant abundance of Whole Foods.  The upscaling of expectation results in vast quantities of perfectly edible harvested food going straight to dumpsters.  Some farms plow crops under rather than investing in harvesting them if they are subpar.  Or sometimes, the migrant labor we depend on for harvesting is simply not available, and the crops rot.
Because such a large volume of our produce is grown in ginormous farms in Watsonville, California, it is hard to find enough local demand for so much food.  Factory rejects overwhelm the local food recovery non-profits.  While a small percentage is composted, most processing mistakes are junked.  Produce is too perishable to be sold as factory seconds, and brand-consciousness would preclude companies from allowing “flawed” merchandise to be marketed, anyway.  Bloom emphasizes that these flaws have nothing to do with food quality, just with appearance.  Sad indeed. 
Bloom is a storyteller at heart, and working undercover in a supermarket produce section provided him with vivid insider observations.  I cheered for the subversive produce pro who, offended by instructions to toss perfectly good tomatoes, sorted the perfect from the imperfect, combining two dumpster-destined clamshell boxfuls into one attractive batch.  Thus he only threw out bruised vegetables.  If a supervisor knew, that employee could have been in big trouble, even though common sense would suggest that it’s good for the grocery store to sell more, right? The saddest of Bloom’s observations is how even he, a crusader against wanton food waste, eventually stopped perceiving the imperfect produce they threw out as food Throwing it away became normal.
Supermarket food is marked with dates.  If the Sell By date is approaching, some stores toss is before.  These dates might also say “Best By” or “Eat By”, thoroughly confusing.  No one knows what the hell these mean.  Most consumers imagine something dangerous will happen if they don’t abide by these somewhat arbitrary dates. Hence food is discarded rather than upsetting the customers, even though its quality is still fine.  No discounting of such product at chain groceries – same concern with degrading brand quality.  And no letting employees take it.  Nope, to the dumpster it goes.
Next time you eat in a chain restaurant you might want to repress Bloom’s reporting, since it’s mighty depressing.  Eating establishments throw out immense amounts of prepared foods each night.  Some restaurants discard them out more frequently than that.  The worst wasters are buffet spreads, because their business model is based on extensive choice available the entire time the restaurant is open for business.  Employees are not allowed to eat the leftovers, nor are customers allowed to take theirs home.  Smaller locally-owned restaurants are more food frugal, often using leftover prepared foods in new, creative ways, just like home cooks.  Waste, after all, represents the bottom line, and well-run restaurants attempt to minimize the amount of money they throw away.
Weavers Way [here in Philly], happily, gets exemplary marks for minimizing food waste.  We sell or give away food with expiration dates close at hand.  We have a discount produce bin which shoppers check out, inspiration for many a soup or banana bread, I’m sure.  Kim Spellman-Hall, our Chestnut Hill manager, outlines our protocols:
·         Items are marked down as they get close to the expiration date - bakery, dairy, meat, seafood, and prepared foods.
·         Produce items are used in our prepared soups and salads.
·         If the kitchen can't use some of the produce items we donate to several food banks which pick up seven days a week.
·         Damaged items and unsold marked-down expired items also go to food banks.
·         We compost all produce trimmings and rotten items and have a service that picks up animal fat from our meat department.
·         The only items that get pitched are moldy things that can't be composted.  We even have someone who will pick these up for their pig.
The food banks are so appreciative so it's a win-win for everyone!
This nearly zero-waste policy is something for Weavers Way shoppers take great pride and comfort in, knowing that our coop values food and makes every possible effort to avoid destroying it.  I am thrilled to learn of this virtue-added benefit of membership.
One of the chief take-aways from Annie Leonard’s The Story of Stuff is how much waste occurs in the supply chain, something about which the end consumer is entirely (and happily) oblivious.  Jonathan Bloom does a great job of spotlighting the food chain.  He includes a lot of data, but it’s his stories which will stick with you.
This is one of a three-part review.  Bloom also lays out encouraging examples of waste reduction and food recovery, which I will feature in Part II.  The third installment will focus on our home-based waste along with strategies for avoiding all the accumulation with which we are all intimately familiar.  Send me your stories!