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Business Upturn
8 minutes ago
- Business Upturn
Carlo Ancelotti's right hand at Madrid takes a new role at Fogão
Carlo Ancelotti's right hand at Madrid, Davinde Ancelotti has agreed to join Botafogo as their head coach. By Ravi Kumar Jha Published on July 7, 2025, 08:51 IST Carlo Ancelotti's right hand at Madrid, Davinde Ancelotti has agreed to join Botafogo as their head coach. After Carlo leaves Madrid this summer, Davinde Ancelotti was looking for a new club to manager as he was a great at his assistant role during the tenure at Madrid. He will now be starting a new phase of his mangerial career at Fogão. Davide Ancelotti, long known as the trusted right-hand man to his father Carlo Ancelotti at Real Madrid, is set to embark on his own managerial journey. The 35-year-old assistant coach has agreed to take over as the head coach of Brazilian club Botafogo, marking a significant step forward in his career. Following Carlo Ancelotti's confirmed departure from Real Madrid this summer, Davide had been actively exploring opportunities to take the next step in his coaching path. His impressive stint as an assistant during Madrid's trophy-laden years – including Champions League and La Liga triumphs – earned him praise for his tactical insight and player management skills. Now, at the helm of Botafogo, Davide Ancelotti will begin a new chapter, aiming to establish his identity as a head coach while bringing European tactical discipline to the Brazilian side. The move is seen as a bold but exciting step, and fans of Fogão will be eager to see how the Italian brings his experience from Madrid to Rio de Janeiro. Ahmedabad Plane Crash Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
Forbes
40 minutes ago
- Forbes
This Fourth Of July Weekend, Sir Lewis Hamilton's Mission 44 Continues To Drive Change At F1
NORTHAMPTON, ENGLAND - JULY 03: Lewis Hamilton of Great Britain and Scuderia Ferrari is interviewed ... More during previews ahead of the F1 Grand Prix of Great Britain at Silverstone Circuit on July 03, 2025 in Northampton, England. (Photo by Bryn Lennon - Formula 1/Formula 1 via Getty Images) This Fourth of July weekend, as Americans celebrate Independence Day, across the pond at the F1 British Grand Prix, Sir Lewis Hamilton's foundation, Mission 44, is taking the time to celebrate change. More specifically, lives changed. With the growing momentum of F1 internationally, an estimated 480,000 international and local motorsport fans will attend the four-day Grand Prix at Silverstone, 70 miles outside of London. Yet there's a different kind of momentum building off the track. At the heart of this shift is Sir Lewis Hamilton, the legendary seven-time F1 World Champion, whose Mission 44 foundation is fueling access, equity and opportunity for underrepresented youth across the globe through giving back. And it may just be this work off the track that redefines his legacy and what it means to be a global icon. NORTHAMPTON, ENGLAND - JULY 07: Race winner Lewis Hamilton of Great Britain and Mercedes celebrates ... More on the podium during the F1 Grand Prix of Great Britain at Silverstone Circuit on July 07, 2024 in Northampton, England. (Photo by) A Vision For Change Hamilton's journey from being born and raised in Stevenage, a quiet English town north of London, to the global stage of Formula 1 is a testament to resilience, talent and opportunity. But for many young people, breaking social and economic barriers are insurmountable, even when the talent is there. That is where this story begins. Founded in 2021, Mission44 was born out of a moment of social reckoning and recognition that talent is universal, but opportunity is not. Black Lives Matter had catalyzed conversations worldwide, and instead of leveraging protests and politics, Hamilton chose purpose. 'Beyond my achievements on track, the most important thing for me is to know I played my part in building a fairer, more equitable world,' Hamilton stated in their latest annual report. And his commitment wasn't symbolic—it was structural. Seeding the charity with £20 million of his own money, Hamilton began constructing a blueprint for systemic change, tackling barriers in education, employment and social mobility. The charity's mission is to support and champion young people from diverse and underrepresented backgrounds, ensuring they have the tools and resources to succeed—from funding scholarships to creating mentorship programs that address the systemic inequities that hold so many back. Four years later, over 350,000 young people have been touched globally, with over 40 organizations receiving support or grants. And this is well beyond the U.K. Mission44's global footprint now includes activations in Brazil, across the United States, and throughout Italy, targeting three vital sectors: inclusive education, access to STEM and motorsport careers and youth empowerment. NORTHAMPTON, ENGLAND - JULY 4: Lewis Hamilton of Great Britain and Ferrari walks in the paddock ... More during practice ahead of the F1 Grand Prix of Great Britain at Silverstone Circuit on July 4, 2025 in Northampton, United Kingdom. (Photo by) Silverstone as a Platform for Purpose Behind the roar of engines, smell of burning rubber, and electric (albeit somewhat wet) atmosphere of the 2025 British Grand Prix, Mission44 was working behind the scenes, through a series of events and activations designed and set up to engage fans, raise awareness and drive change off the track. Each of Us Has A Role To Play Despite the current political atmosphere, the business case for inclusion remains strong. Studies consistently show that diverse teams outperform their homogeneous counterparts, driving innovation and improving financial performance. Pew Research found that 86% of workers have a neutral-to-favorable opinion about increasing diversity, equity and inclusion in the workplace. Companies that abandon these efforts risk alienating employees, customers and stakeholders who value representation and fairness. Which is why foundations like Mission44, and leaders like Sir Lewis Hamilton, are more important than ever. Those to whom much is given have an opportunity to continue to push and drive change toward a world in which the power of giving back can be transformative, on both large and small levels. So, during a weekend in which many Americans celebrate independence and freedom, let's also take time celebrate the individuals and organizations working to ensure those ideals of freedom and opportunity are accessible to all. We all have a part to play—and with leaders like Sir Lewis Hamilton at the helm, the race for equity is just as important as the race for the checkered flag.
Boston Globe
an hour ago
- Boston Globe
Want more growth? Welcome more immigrants.
Which means the only way to ensure the population base needed to keep the economy growing is to increase the number of immigrants entering the United States. Much of the public supports President Trump's ferocious crackdown on illegal immigration. The administration is obsessed with rounding up and deporting foreigners who have been living in the country without proper documents. Whatever the wisdom of that policy, it ignores the fact that the vast majority of unlawful migrants who enter the country come here to work in peace. The US economy in recent decades has fueled an unprecedented demand for labor, but there aren't nearly enough legal channels to accommodate that demand. The result has been an influx of migrants crossing the border unlawfully. And that in turn eventually triggered the political backlash that helped send Trump to the White House. Advertisement All the while, however, millions of jobs are going unfilled in this country, because there aren't enough working-age Americans to fill them all. Clearly the best way to solve the problem of illegal immigration is to make it easier for foreigners to immigrate to America legally . That, in turn, is the only way the United States can have the expanding labor force necessary to achieve economic growth and higher living standards in the decades ahead. In The authors show that nearly half of the net growth in the US labor force over the past decade has come from immigrants. That might seem surprising since only about 1 in 7 Americans are foreign born. But immigrants are more likely to work than native-born Americans of working age. In 2023, just under 60 percent of US-born natives age 16 and older were working. Among immigrants, the percentage was almost 65 percent. 'Over the past decade, immigrants have filled nearly 40 percent of the new jobs in America,' Vedder, Moore, and Denhart write. And for most of that time, the unemployment rate has remained at historically low levels — evidence that immigrants are not displacing US-born citizens from jobs that would otherwise have gone to them. With roughly Advertisement But what makes immigrants so valuable to the US economy goes beyond their propensity to work. There is also their extraordinary performance as innovators and entrepreneurs. More than 45 percent of Fortune 500 companies were founded by immigrants or their children, and immigrants are more than twice as likely as US natives to start a business. In 2023, according to Such statistics are striking, but they also stand to reason. Almost by definition, immigrants have a higher than normal willingness to take chances, to relinquish the familiar, and to try new things. It shouldn't come as a surprise that newcomers from abroad are fired with a passion to dream the American Dream, or that Immigration increases both the labor supply and labor demand, which helps explain why states with the highest immigration inflows, such as Texas and Florida, are associated with lower unemployment than other states. Because immigrants are more likely to work and to start businesses, their presence leads to higher rates of economic growth. 'The parts of the United States with the highest proportion of population coming from other nations have higher levels of total output per capita,' the Unleash Prosperity authors show. Thus, in the 10 states with the highest percentage of immigrants, output per capita is nearly 40 percent higher than in the 10 least immigrant-intensive states. To be sure, correlation may not prove causation, and immigration is not the only factor affecting economic output. But it is hard to dispute that immigration and growth go together. Advertisement What is true nationally is true locally. At a presentation I attended in 2012, Boston's then-mayor Thomas Menino rattled off a slew of numbers that underscored how much foreigners added to the city's prosperity. There were 8,800 immigrant-owned small businesses in Boston, Menino said, producing nearly $3.7 billion in annual sales and employing more than 18,000 people. At the time, immigrants living in Boston were spending $4 billion per year, generating $1.3 billion in state and federal taxes. Since 2012, the To fully understand why robust immigration boosts American prosperity, it is crucial to take into account the contributions of their children . The United States would never have become the world's foremost economic powerhouse if not for the innovations of first-generation Americans — men and women whose parents were immigrants. Steve Jobs, the co-founder of Apple, was the son of an immigrant from Syria. Larry Ellison, creator of the software firm Oracle, was born to a single mother from Ukraine. Jeff Bezos was raised by Miguel Bezos, who immigrated from Cuba. Henry Ford's father came to America from Ireland. Advertisement Needless to say, millions of other first-generation Americans, though not as famous or as rich as the megabillionaires, have contributed to every American industry and field of endeavor. And in the process they have typically risen to greater heights than their foreign-born parents. 'Since immigrants arriving in America are typically poor (particularly these days because of the large recent inflow of relatively unskilled illegal aliens), immigrant poverty rates are higher than that of native-born Americans,' the three authors observe. 'But poverty among their adult children is typically below that of the native born. Moreover, while immigrants themselves are more likely than native-born Americans to receive graduate or professional degrees, their education is modest relative to their own children, who exceed native-born Americans in terms of high-level educational attainment.' In short, without immigrants and their children, the United States would be a poorer, duller, less influential, less desirable nation. That is especially true given the crisis of America's 'birth dearth,' since immigrants tend, on average, to be younger and to have more children than natives. According to Census Bureau calculations, the number of working-age US-born Americans is projected to fall by 5.3 million between now and 2040. Over the same span, the population of working-age immigrants is expected to grow by 1.9 million. Immigration has always been the great growth hormone of American history. More immigrants have always meant more economic development, more innovation, more cultural richness. That is as true today as it has ever been — and it is compounded by the fact that the US economy desperately needs more workers. Border control is not incompatible with a policy of welcoming immigrants with open arms. And the surest way to dissuade illegal immigration is to create more opportunities for would-be Americans to immigrate lawfully. Advertisement Anti-immigrant demagoguery may excite some in the MAGA camp; there has always been an appetite for Expanding legal immigration is a pro-growth, pro-worker, and pro-sovereignty agenda. It is the best way to strengthen the rule of law, suppress mayhem at the border, and maintain America's role as a safe haven for the oppressed — all while attracting the young and dynamic workforce on which US growth depends. We have always needed more immigrants. Now, as the United States is about to enter its second quarter-millennium, we need them more than ever. To open our gates to striving would-be Americans is to turbocharge the economy and enrich the American way of life. Much has changed since This is adapted from the current , Jeff Jacoby's weekly newsletter. To subscribe to Arguable, visit . Jeff Jacoby can be reached at
