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How Will AI Change Our Lives?

How Will AI Change Our Lives? The meteoric rise of ChatGPT has been a watershed moment for artificial intelligence as it enabled millions of users, regular people, to experiment with AI and witness its astonishing capabilities first-hand. And. as Statista' Felix Richter notes, while there are still limitations, ChatGPT delivers impressive results, making people aware of how far artificial intelligence has already come. It's no coincidence that both Alphabet and Microsoft named the shift to AI as one of the biggest challenges their facing when they announced their restructuring plans earlier this month. Microsoft CEO Satya Nadella even spoke of an upcoming platform shift, likely referring to AI-enabled services as the next big change in tech after the shift to mobile. But what do consumers ultimately expect to change due to the increased use of artificial intelligence and which areas of life will most likely be affected in the next three to five years? Ipsos carried out a global survey on the subject in late 2021 and the following chart sums up the results. You will find more infographics at Statista “[AI] is going to change the world more than anything in the history of mankind. More than electricity.” — AI oracle and venture capitalist Dr Kai-Fu Lee, 2018   Tyler Durden Fri, 02/03/2023 - 22:40.....»»

Category: smallbizSource: nyt56 min. ago Related News

Charting Three Decades Of The World"s Working Poor

Charting Three Decades Of The World's Working Poor Poverty is often associated with unemployment - however, millions of working people around the world are living in what’s considered to be extreme poverty, or less than $1.90 per day. Thankfully, the world’s population of poor workers has decreased substantially over the last few decades. But how exactly has it changed since 1991, and where is the majority of the working poor population living today? This graphic by Visual Capitalst's Gilbert Fontana uses data from the International Labour Organization (ILO) to show the regional breakdown of the world’s working poor, and how this demographic has changed in the last few decades. From Asia to Africa In 1991, about 808 million employed people were living in extreme poverty, or nearly 15% of the global population at the time. As the graphic above shows, a majority of this population lived in Eastern Asia, most notably in China, which was the world’s most populous country until only very recently. However, thanks to China’s economic reforms, and political reforms like the National “8-7” Poverty Reduction Plan, millions of people in the country were lifted out of poverty. Today, Sub-Saharan Africa is the region with the world’s highest concentration of working poor. Below, we’ll take a closer look at the region and zoom in on select countries. Zooming in on Sub-Saharan Africa As of 2021, 11 of the 49 countries that make up Sub-Saharan Africa had a working poverty rate that made up over half their population. Here’s a look at these 11 countries, and the percentage of their working population that lives in extreme poverty:   Burundi is first on the list, with 79% of its working population living below the poverty line. One reason for this is the country’s struggling economy—Burundi has the lowest GDP per capita of any country in the world. Because of the economic conditions in the country, many people struggle to meet their basic needs. For instance, it’s estimated that 40% of urban dwellers in Burundi don’t have access to safe drinking water. But Burundi is not alone, with other countries like Madagascar and the Democratic Republic of the Congo also having more than two-thirds of their working population in extreme poverty. Which countries will be able to able to lift their people out of poverty next? Tyler Durden Fri, 02/03/2023 - 23:20.....»»

Category: smallbizSource: nyt56 min. ago Related News

Victor Davis Hanson: "Race" Everywhere

Victor Davis Hanson: 'Race' Everywhere Authored by Victor Davis Hanson via AmGreatness.com, Recently an unarmed 29-year-old African American, Tyre Nichols, was brutally beaten to death by five black Memphis police officers. They were charged with murder. All belonged to a special crime unit known as the Scorpions.  Both the victimizers and victim were black. The Memphis police chief is black. The assistant police chief is black.  Nearly 60 percent of the police force is black. The white population of Memphis is about 25 percent.  The now-disbanded Scorpion unit of mostly black officers was created as a response to grassroots appeals to stop spiraling crime in mostly black neighborhoods.  The death of Tyre Nichols could be attributed to many things: a basic lack of humanity on the part of the officers, poor police training, lax administrative supervision, and lowered hiring standards.   Instead, no sooner was the beating death announced than accusations of “systemic racism” surfaced.  Van Jones, the former Obama Administration green czar and recent recipient of Jeff Bezos’ $100 million “courage and civility award,” pronounced on CNN that the black police oppressors were acting out white racism.  Some claimed that charging the five black officers with murder was itself racist. Others alleged that creating the unit in the first place to reduce black-on-black crime was racist.   Yet, when everything becomes racist, then nothing in particular can be racist. About the same time, the city of San Francisco, along with the state of California, was exploring paying out huge cash reparations to its African-American residents for the ancestral sin of slavery.  That evil institution was abolished some 158 years ago through a Civil War that killed some 700,000 Americans.  Yet California was always a free state with no history of slavery.  No resident of America in six generations has been either a slave or slave owner.  Such multibillion-dollar payouts apparently are to be funded by a nearly bankrupt state facing a $25 billion budget shortfall.  How do we quantify either current eligibility or culpability in multiracial California where 27 percent of the residents were not born in the United States? Whites make up only 35 percent of the state’s population.  College campuses increasingly greenlight racially segregated resident housing.  These reactionaries seem eager to return to “separate but equal” apartheid, supposedly outlawed nearly 60 years ago by the 1964 Civil Right Act.  A recent National Association of Scholars study found that of some 173 schools surveyed, 42 percent provided racially segregated residences. Some 46 percent offered racially segregated orientation programs. An overwhelming 72 percent  hosted racially segregated graduation ceremonies. So-called “safe spaces” on campus exclude students on the basis of race, especially whites who are reduced to stereotyped members of a toxic collective. Race-based admissions have transmogrified from proportional representation—the entering class should reflect roughly the racial make-up of the nation—to reparatory or compensatory admittance.  So, for example, Stanford University’s incoming class of 2026 lists white students at 22 percent of the enrolled, roughly one-third of their percentage of the nation’s general population.  Ironically, current racial engineering resurrects the old quota systems used in the past to discriminate against Jews.  “Whites”—to the extent we can determine any race in an intermarried, multiracial society—do not fit the now ossified definition of an exploitive majority.  They no longer even compose a majority in most major American cities and in some states.  They rank well behind many nonwhite ethnic groups in terms of per capita income and millions of working-class Americans certainly don’t fit the tired stereotype of “privileged.”   In racist fashion, white males are often smeared as exhibiting collective “white rage.”  Yet they commit suicide at double their demographics—and more than twice as frequently as blacks and Latinos.  They were also killed in combat in Afghanistan and Iraq at twice their numbers in the general population.  In terms of hate-crime offenders, whites are demographically underrepresented. The most overrepresented victims of hate crimes are whites of Jewish background. Whites commit violent crimes against those of different races at rates below their percentages in the general population. In sum, class, not race, remains the best litmus test of being underprivileged in America. It is no longer synonymous with race. No wonder the identity politics industry now strains to attach prefixes such as “systemic” or “implicit” to “racism,” or “micro” to “aggression,” purportedly to ferret out bias that otherwise is not apparent.  Pause to reflect that America is the only successful multiracial constitutional republic in history. To survive in an increasingly dysfunctional and hostile world abroad, the unique idea of the United States requires concord.  But national cohesion is only possible through citizens subordinating their tribal interests to a common culture. Only then do they cease being automatons of warring tribes and collectives.  As the world becomes ever scarier, Americans must—as Benjamin Franklin once warned—hang together, or most certainly they will soon all hang separately. Tyler Durden Fri, 02/03/2023 - 23:40.....»»

Category: smallbizSource: nyt56 min. ago Related News

Secret CCP Overseas Police Station In NYC Closed After Reported FBI Raid

Secret CCP Overseas Police Station In NYC Closed After Reported FBI Raid Authored by Andrew Thornebrooke via The Epoch Times (emphasis ours), A covert overseas police station run by the Chinese regime in New York has been shuttered following a reported raid by the FBI. “The FBI has confirmed that the ‘overseas police station’ in New York linked to Fuzhou has closed,” a State Department spokesperson said in an email to The Epoch Times. “We continue to be concerned about PRC [People’s Republic of China] transnational repression efforts around the world and are also coordinating with allies and partners on this issue.” The America ChangLe Association in New York on Oct. 6, 2022. An overseas Chinese police outpost in New York, called the Fuzhou Police Overseas Service Station, is located inside the association building. (Samira Bouaou/The Epoch Times) The closure of the facility in New York’s Chinatown comes just weeks after The New York Times reported that FBI agents raided and searched the building at an undisclosed time last fall. The facility and more than 100 others like it form a network of covert facilities from which experts believe that the Chinese Communist Party (CCP) is conducting a campaign of transnational repression. According to two reports published in October 2022 and December 2022 by Safeguard Defenders, a nonprofit organization, the overseas police outposts are used to collect intelligence and even forcibly repatriate Chinese dissidents to the mainland to be imprisoned. “We are aware of reports regarding alleged PRC ‘overseas police stations,’” the State Department spokesperson said. “We take this issue very seriously. Establishing so-called overseas police stations without the invitation or approval of the country in which they are operating raises serious issues of respect for the sovereignty of that country.” The spokesperson referred The Epoch Times to the FBI and Justice Department for further information. The Justice Department didn’t respond to a request for comment by press time, and the FBI declined to comment on the matter. China’s Communist Regime ‘Violates Sovereignty’ Chinese authorities maintain that the facilities, which operate in 53 nations, assist Chinese immigrants in foreign nations with tasks that would normally be handled by a consulate, such as renewing driver’s licenses and visas. However, the stations have been linked to the CCP’s United Front Work Department, an agency that works to advance the regime’s interests abroad by spreading propaganda, conducting foreign influence operations, suppressing dissident movements, gathering intelligence, and facilitating the transfer of technology to communist China. As such, many nations have voiced concern that the facilities are a threat to national security and a violation of sovereignty. Irish, Canadian, and Dutch officials have called for China to shut down similar police operations in their countries. Likewise, FBI Director Christopher Wray has characterized them as a violation of U.S. sovereignty. “I’m very concerned about this,” Wray said during a November 2022 hearing of the Senate Homeland Security and Governmental Affairs Committee. “I have to be careful about discussing our specific investigative work, but to me, it is outrageous to think that the Chinese police would attempt to set up shop—you know, in New York, let’s say—without proper coordination. It violates sovereignty and circumvents standard judicial and law enforcement cooperation processes.” He refrained at the time from commenting on the legality of the overseas police stations but said they were part of the CCP’s campaign of global transnational repression and linked them to CCP efforts to spy on Americans. Tyler Durden Fri, 02/03/2023 - 21:00.....»»

Category: smallbizSource: nyt2 hr. 11 min. ago Related News

Breaking Down Blockchain: Decentralized, Transparent, And Secure

One of the stumbling blocks for people who want to get involved in blockchain is getting their head around the concept to begin with. To put it in the simplest possible terms, blockchain is a digital ledger of transactions distributed across a network of computers, which means it is decentralized and transparent. Each block in […] One of the stumbling blocks for people who want to get involved in blockchain is getting their head around the concept to begin with. To put it in the simplest possible terms, blockchain is a digital ledger of transactions distributed across a network of computers, which means it is decentralized and transparent. Each block in the blockchain contains a number of transactions. With each new transaction, a record of that transaction is added to the ledger. That decentralized database – that blockchain – is also known as distributed ledger technology. You can picture it like a digital version of Legoland. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   The best way to think of it is as a network of computers, similar to the internet except there are no central points where all the data is stored. The blockchain data is stored and copied on every computer or node in the network all over the world by whoever chooses to run a computer or node, which means the data is not controlled by a single group, party, or entity. (A node is a device or data point in a larger network. In networking, a node is either a connection point, a redistribution point, or a communication endpoint.) Every node on the network can be operated by anyone. If you download a bitcoin wallet, you’re probably running a bitcoin node without having to do anything to actively, or even knowingly, support the network. In addition to being decentralized, an important facet of the technology is the fact that it is secure. Every block of transactions is cryptographically secured through what is called a hash, which is a string of numbers and letters. Each unique hash can only be decrypted with a private key, or seed, provided by the person sending something via blockchain that has that hash attached to it. Now this may sound a little complicated, but at the most basic conceptual level, it is no different from buying a car or house and getting the unique set of keys to it along with your purchase. The Byzantine Generals Problem So why is blockchain such a game changer? The thing with blockchain is that it is the first time a network has been able to solve the Byzantine Fault Problem, also commonly known as the Byzantine Generals Problem. The problem is essentially this: Imagine you are in a battle and have an army attacking on two or more fronts; the enemy is strong enough to defend itself from one attacking army at a time but not two or more simultaneously. All parties must agree on a strategy and act in concert – otherwise your army will face complete failure and defeat. To add to the complexity, there may be officers, messengers, or other actors who are unreliable or corrupt working to undermine your victory. So how do you coordinate your soldiers to attack or retreat as one? If you are in multiple locations involving multiple decision-making processes and multiple actors, how do you reach consensus on what to do and execute that decision at the same time? While it is an interesting thought experiment, it is also a common real-world problem in many facets of society, including the internet. Blockchain creates consensus over the internet with transactions. It confirms transactions with many different nodes, which are then propagated as transactions across the network. It creates a permanent public record, so to speak. It takes the internet as it is today and adapts it to a completely digital world. What’s New About Blockchain? More and more of our everyday activity is taking place online. We have entered the age of the Internet of Things, wherein all devices are connected. We are sharing our lives and connecting online through social media, gaming, and other forums. We conduct our businesses, manage bank accounts, make purchases, and do a whole host of other things online. Blockchain opens up even more opportunities to do things online, but with one clear distinction: to have control over them. Let’s say you set up an Instagram account. You have ownership and control of your account – you can post whatever you like for the most part – but ultimately it’s not owned by you. The account is owned by the company. With blockchain/Web 3.0, you can create your own version of an Instagram account that no one can shut down or moderate. You can post anything, monetize it how you wish, take it with you anywhere (digitally or in the real world), and it connects to just about everything frictionlessly.   What Can You Do With Blockchain? If you’re a coder or developer, you can create a blockchain. The challenge is to create one that is efficient, cost-effective, secure, private, and scalable to millions if not billions of users and transactions – basically whatever your end user wants. Enter Vitalik Buterin. He is one of the most important people in the crypto space. Vitalik and a few other collaborators saw what Bitcoin was able to do, looked at the underlying technology that made it possible, and asked, “How can this decentralized, distributed network fulfill other uses?” Eventually they created Ethereum. Ethereum uses open-source blockchain technology to create other things that are decentralized, such as smart contracts. These are essentially self-executing contracts that do not require an entity to fulfill them. With a smart contract, you can do all kinds of things. It means you can eliminate a middleman. A smart contract establishes an agreement between party A and party B. For example, if you were to purchase real estate, you would normally need a broker. But using blockchain, you no longer need that broker to help navigate the legal and financial practices of the industry – in particular, the transferral of ownership. So there’s a crash course for you on blockchain. It is a flexible technology, and as such there are so many industries that blockchain will become an integral part of. We have only skimmed the surface of what can actually be done at scale. Article By Brandon Zemp About Brandon Zemp Brandon Zemp is an entrepreneur and investor. He made his mark early on as a trader in the fast-paced crypto market, and soon established his first company, BlockHash LLC, a blockchain consultancy providing educational resources for small business owners, students, developers, and investors......»»

Category: blogSource: valuewalk6 hr. 11 min. ago Related News

The Most Popular Stock Trading Podcasts

InvestED is the most popular stock trading podcast, with the most Google searches per month Podcasts Animal Spirits and Mad Money are the second most popular podcasts, both receiving 1,400 searches per month worldwide Invest Like The Best is the third most popular stock trading podcast A new study reveals the most popular stock trading […] InvestED is the most popular stock trading podcast, with the most Google searches per month Podcasts Animal Spirits and Mad Money are the second most popular podcasts, both receiving 1,400 searches per month worldwide Invest Like The Best is the third most popular stock trading podcast A new study reveals the most popular stock trading podcasts, with InvestED taking the top spot as the most popular. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   The trading world has seen an ever-growing amount of interest over the past few years; worldwide searches for ‘how to get into trading’ increased 178%, and searches for ‘trading tips’ have seen a 195% increase over the past five years. Searches for ‘stock trading tips’ have increased by 204% worldwide over the past five years, proving how many people worldwide are interested in delving into the trading world. With the rise in popularity for podcasts skyrocketing over the past few years too, research was conducted to see which trading podcasts are the most popular. Ranking Most Popular Stock Trading Podcasts The research conducted by UK financial services provider CMC Markets explored Google search data by examining the average number of monthly searches for the top stock and trading podcasts, which resulted in a ranking of the most popular stock and trading podcasts. The most popular podcast in the rankings is InvestED, hosted by three-time New York Times best-selling author and hedge fund manager Phil Town and his daughter Danielle. The pair give advice and cast a light on the best investment strategies used by some of the most influential investors in the world. Stretching over 400 episodes, the father-daughter duo dominates the stock and trading podcast space, with fans worldwide tuning in to hear their advice. Searches for ‘InvestED podcast’ average at 1,600 searches per month worldwide, proving just how popular the podcast is. The following two podcasts in the rankings receive an average of 1,400 searches per month worldwide, placing them in joint second. The Animal Spirits podcast explores life, markets and investing and is hosted by Michael Batnick, a managing partner at Ritholtz Wealth Management and Ben Carlson, the author of the wealth management blog A Wealth of Common Sense. Their goal is to share their experiences in the markets and help make finance more understandable and accessible for their listeners. There are currently 454 episodes available for streaming, and with the podcast averaging 1,400 searches per month worldwide, fans are certainly listening to what they have to share. The Mad Money podcast is hosted by one of Wall Street’s most successful and influential money managers, Jim Cramer. The first episode was released in March 2005, and since then, the podcast has grown into a guide for people worldwide to become better investors. The podcast has a huge number of episodes, so there is plenty of advice on how to dominate the stock market. Cramer helps his listeners navigate the jungle of Wall Street investing in a lightning round where he offers his buy, sell and hold options to callers keen to hear his expertise. The third most popular stock trading podcast in the rankings is Invest Like The Best, hosted by Patrick O’Shaughnessy. This podcast provides insight into the minds of some of the best business and investment leaders across the globe, highlighting their trial-and-error methods of success and sharing stock market secrets exclusively to the show. The main goal of this podcast is to guide listeners on how to spend their time and money better, resulting in successful investment outcomes. Searches for ‘Invest Like the Best podcast’ average 1,000 searches per month worldwide, which secures its third-place spot in the rankings. The Meb Faber show is the fourth most popular stock trading podcast, averaging 400 monthly searches for the ‘Meb Faber podcast’ worldwide. The podcast aims to help listeners grow through wealth by making smarter investment decisions alongside featuring an array of top investment professionals dishing out their wisdom regarding investments. The podcast currently stretches to 526 episodes and is hosted by Meb Faber, a co-founder and Chief Investment Officer of Cambria Investment Management. Faber has also written numerous successful books and is a frequent speaker on investment strategies which is why fans worldwide are keen to be regular listeners of the podcast.   The following two podcasts in the rankings receive an average of 300 searches per month worldwide, placing them in joint fifth. With currently over 1,000 episodes, is Motley Fool Money, a multi-viewpoint podcast hosted by investment genius Chris Hill, in which he is joined by a team of top investment analysts who explore the day's top headlines in finance and business. The podcast is aimed at business-driven investors and helps to break down the stock market by sharing the perspectives of Hill’s special guests. We Study Billionaires is currently strung over 650 episodes and has gained over 95 million downloads. Hosted by Stig Broderson, Clay Finck and Trey Lockerbie, We Study Billionaires is the chief podcast of The Investor’s Podcast Network. During the show, the hosts are joined by some of the industry's most famous financial billionaires, who guide listeners on applying the best strategies and methods in the stock market. The Most Popular Stock Trading Podcasts Rank Podcast Name Search Term Global Monthly Search Volume 1 InvestED Invested Podcast 1,600 2 Animal Spirits / Mad Money Animal Spirits Podcast Mad Money Podcast 1,400 3 Invest Like the Best Invest Like the Best Podcast 1,000 4 The Meb Faber Show Meb Faber Podcast 400 5 Motley Fool Money We Study Billionaires Motley Fool Money Podcast We study Billionaires Podcast 300.....»»

Category: blogSource: valuewalk6 hr. 11 min. ago Related News

First-Time Investor? Here Are 9 Mistakes You Want To Avoid

Investing is one of the best ways to build wealth and secure your financial freedom as you get older, especially post-retirement. But if you’re looking to get into the investment game now, you need to beware of certain investing mistakes that are easy for first-time investors to make. Read on for 9 beginner investing mistakes […] Investing is one of the best ways to build wealth and secure your financial freedom as you get older, especially post-retirement. But if you’re looking to get into the investment game now, you need to beware of certain investing mistakes that are easy for first-time investors to make. Read on for 9 beginner investing mistakes to avoid. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Investing Without a Plan First and foremost, investing without a plan is never a good idea, even if you receive a 100% guaranteed profitable stock investing tip from a friend or financial expert. When you put money into the market, you need to know: What is the purpose of that money When you’ll take the money out (“take profit”) For example, if you are investing for retirement, you should have retirement investment goals and immediately take money out of the market when you hit those goals. The sooner you have an investment plan, the sooner you can make wise decisions for your portfolio.  Buying Without Research Similarly, you should never purchase a stock, ETF (exchange-traded fund), or another market instrument without extensive research beforehand. If you don’t know what to look for, rely on the advice of a financial advisor who has already done the research for stocks and the market at large and who can make good decisions based on your financial goals and existing savings. Misunderstanding Investing Fees It’s also a mistake to misunderstand investment fees. When you invest your money in the stock market, you’ll use an investing platform like Fidelity, Due, or something else. Many of these platforms charge minor fees, but that’s not necessarily a bad thing! In fact, as a first-time investor, it’s often beneficial to spend $10 or more to get the help and advice of financial advisors so you don’t move your money around unwisely. Don’t think of investing fees as always bad news. Sometimes, they’re necessary to make the most of the stock market. Chasing Trends Never chase temporary, hot-button trends when it comes to investing. Those trends might appear attractive and potentially profitable, but they are impossible to predict by nature. If you’re unlucky, you could put a lot of money into a trending stock, only for that stock’s value to decrease the next day, causing you to lose a lot of money. Watching the Market 24/7 You’ll drive yourself crazy if you watch the stock market and its endless arrays of charts, lines, and bar graphs 24/7. It’s much better to invest your money and then move on to something else. Check the market every day or week, depending on your goals and the kinds of investments you’ve made. But don’t spend all your time and attention on the market, or you’ll become impatient and potentially make other first-time investing mistakes. Following Dubious Advice There’s a lot of bad investing advice on the internet, particularly on social media sites, posted by “gurus” who claim to know the secrets to making tons of money. In truth, the best advice isn’t free or readily shared on Facebook. Try to avoid following dubious advice from people you don’t know or trust, especially those advisors with no real-world credentials to back up their claims. Investing Money You Don’t Have When you invest in the market, only put the money you can afford to lose in stocks, bonds, or other assets. For example, if you’ve been saving up to buy a home, resist the urge to invest that money anywhere until you’re ready to buy your property. Even in the best cases, no one can predict how the market will turn with 100% certainty. Investing money you may need elsewhere soon could jeopardize your financial future or harm your ability to make mortgage payments and cover other essential living expenses.  Developing Company Loyalty From time to time, you might become emotionally attached to a specific company and may want to purchase its stocks for reasons other than making money. This is a beginner’s mistake. It’s much wiser to avoid developing any loyalty for companies you invest in. At the end of the day, they’re businesses looking to make money – they have the same goal as you do. The company doesn’t have any loyalty to you, so you should feel no qualms about selling your stocks or other assets in those companies in favor of different investments if the price is right. Delaying Investing One of the biggest mistakes you can make as a first-time investor is delaying investing. The earlier you put money in the market, even if it’s in a slow-growth, low-risk mutual fund, the more money you’ll have when you retire. Putting money into the market earlier is also better if you’re young since any hypothetical market downturns or bear markets will likely turn back up by the time you need to withdraw your investment cash for retirement or other purposes. The sooner you start investing, the better, so get started now, even if it’s just kicking in $50 a month into a safe mutual fund.   Bonus Mistake: Being Impatient Here’s one last mistake you should avoid as a first-time investor: being impatient. When you invest money into a company or any other asset, remember that it will take time to grow in value. “Meme” stocks that catapult in value over a few days or weeks are rare, so don’t let those fool you into thinking they are the norm. Instead, it’s more common for your investments to take years or decades to pay off. That’s okay! The last thing you need to do is be impatient and constantly withdraw your money in pursuit of short-term riches. If you’ve made wise investments or are following the advice of a knowledgeable financial advisor, you can let your money sit and grow without any attention on your part. Final Words Investing for the first time can be exciting, but it can also be risky. Stay smart and cautious, and consider signing up for a financial advisor or retirement advisory service like Due so you can learn the ropes of smart, profitable investing. Article by Kiara Taylor, Due About the Author Kiara Taylor is a financial writer and Research Analyst. She is an expert at risk-based modeling having worked in the finance vertical for the past twenty years. She has a Master's Degree in Finance from Ohio State and has worked at Fifth Third Bank, J.P. Morgan and Citi in emerging markets and equity research......»»

Category: blogSource: valuewalk6 hr. 11 min. ago Related News

Mullen Automotive Stock Gains Momentum On Positive News

Mullen Automotive shoots higher on good news yet again. The bears are still out in force but there are signs they are weakening. If this stock gets about $0.40 it could move up to $0.60 PDQ. 5 stocks we like better than Mullen Automotive Mullen Automotive (NASDAQ:MULN) did it again. The company released more good […] Mullen Automotive shoots higher on good news yet again. The bears are still out in force but there are signs they are weakening. If this stock gets about $0.40 it could move up to $0.60 PDQ. 5 stocks we like better than Mullen Automotive Mullen Automotive (NASDAQ:MULN) did it again. The company released more good news that has the market moving higher. The latest news in a string of positive events that could launch this company to success is a new pilot program at LAX. The program collaborates with Menzies and builds on the partnership formed with Loop Capital last fall. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. Menzies is the world’s largest airport services company, operating at 250 airports in 58 countries. Its fleet comprises 8,000 vehicles and it wants to upgrade to electric as part of its ambitious plan to reach net neutrality by 2033. What this means for Mullen and Loop is a 60-day opportunity to prove their value. Mullen will supply class-1 EV cargo test vans that will be evaluated in multiple use cases across LAX. Loop will provide the EV-charging infrastructure and fleet management software. The combination should enable the active use of EVs in virtually all scenarios, including recharging and maintenance. Among Loop’s offerings is cloud-based EVFMaaS or EV fleet management as a service which is a budding and potentially lucrative new industry. “Collaborating with suppliers, airports, and our airline customers is vital for Menzies to achieve its sustainability goals. We have committed to switching to electric vehicles wherever possible to reduce our carbon emissions; however, charging infrastructure can be a barrier, so it’s great to work with Mullen and Loop to pilot a solution at LAX. Early feedback is positive, and I’m looking forward to seeing the results from this collaboration,” said John Redmond, executive vice president of Americas, Menzies Aviation. What Does This Mean For Mullen Shareholders? So, what does this mean for Mullen shareholders? Assuming the pilot program is successful, it could result in another order for several thousand EV vehicles. That would be yet another resounding vote of confidence in the company and one that proves demand. In this scenario, Mullen Automotive may find it increasingly easier to find willing partners with the cash to ensure operations and production gets off to a good start. In this light, as speculative as it may be, the company may not have to lean into capital-raising activities like a dilutive share sale. It might also mean the share price would move higher, which is why the stock is moving higher now. The short interest in Mullen Automotive has ticked lower over the last week or so, but it remains very high at 47% and this could be driving share prices higher. The risk in the news trend is that Mullen will succeed, if not with Menzies then with one of its other ventures and this may have some short-sellers getting nervous. Penny stocks like this one can see wicked-fast price swings that take action up or down by high-double to triple digits with no apparent cause, and there are a growing number of catalysts for this one. The recent string of new hires is consistent with the idea production will start soon. The company is expected to begin delivering the first of the 6,000 vans ordered by the Randy Marion Group by the end of the quarter so the expectations are high. This, along with the first sales of the I-Go in Europe, would be another mover for the stock and one the short-sellers could not ignore. The Technical Outlook: Mullen Is A Coiled Spring The price action over the last few quarters has Mullen Automotive wound up like a tightly coiled spring. The market has been bouncing between downward-sloping resistance and upward-sloping support, which is coming to a head very soon.   The latest action has the price moving upward toward the top of the range, but short-sellers may meet it. If so, the wind-up will continue until the next news is released. If not, this stock may keep increasing, and the next target for resistance is near the $0.60 level or 50% above the current action. Should you invest $1,000 in Mullen Automotive right now? Before you consider Mullen Automotive, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mullen Automotive wasn't on the list. While Mullen Automotive currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys. Article by Thomas Hughes, MarketBeat.....»»

Category: blogSource: valuewalk6 hr. 11 min. ago Related News

Gold Is Shining Again (After the Fed Killed King Dollar…Again)

For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: After fueling inflation in 2021, the Fed’s greatest hits of 2022 are to destroy the housing market, injure the stock market, end a 40-year bond bull market, puncture the Bitcoin bubble, drive up the interest on the federal debt by […] For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: After fueling inflation in 2021, the Fed’s greatest hits of 2022 are to destroy the housing market, injure the stock market, end a 40-year bond bull market, puncture the Bitcoin bubble, drive up the interest on the federal debt by a factor of about five, and now it has even managed to dethrone King Dollar, once again. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   For the first 125 years of American history, 1788 to 2013, the dollar was stable under a program of gold and silver coinage drafted in 1792. Since the creation of the Federal Reserve in 2013, however, the U.S. dollar has lost about 96% of its value to the Consumer Price Index, and about -99% to an ounce of gold. However, there are short-term spurts when the dollar can appreciate against other global paper currencies. At the end of the third quarter, the U.S. Dollar Index (DXY) peaked at 114, up from 90 at the end of May 2021 – rising nearly 27% in 16 months – due mostly to zero interest rates in Europe and Japan. In the last four months, however, the European Central Bank has raised its rates faster than the Fed, so the DXY is down over 10% to 102, while gold is up 19% and silver has risen 27%. Some other key commodities have not followed suit: Crude oil has actually fallen 3% in those same four months, thanks to President Biden trying to buy votes from motorists by draining our Strategic Petroleum Reserve (SPR) by record amounts. As Ed Yardeni and many other analysts have pointed out, gold tends to trade in a negative correlation to the U.S. dollar, so when gold was declining (in dollar terms) during the first nine months of 2022, it was rising fairly briskly in terms of the euro, pound, and yen. Here is Ed Yardeni’s long-term (nearly 30-year) chart of the inverse relationship of the price of gold (blue line) to the U.S. Dollar exchange rate (red line). In addition, it is now far more widely assumed, by a growing army of analysts, that the Fed is far closer to the end of its rate-raising cycle than previously thought, and that is good news for gold. Even though gold reached its all-time high (in real terms) in 1980, when U.S. interest rates were also at their recent high, the general assumption is that gold offers no interest or yield so it can’t perform as well when rates are high. In the third quarter of 2022 (the latest quarter with compete statistics available), central banks bought a record high amount of gold, and in the fourth quarter China entered the fray, officially, although they had been rumored to be in the central bank accumulation market through clandestine means in previous years. Long before its invasion of Ukraine, Russia began selling dollars to stockpile gold to defend its ruble in any future crisis, so that Russia could make the ruble convertible to gold on a limited basis last year: At Navellier, we are one of the few stock-centric advisory services that respects gold for its historic role as a currency alternative. Gold has outperformed all currencies over time. It is not meant or designed to compete with stocks, as some “gold bugs” mistakenly believe. It is a superior currency alternative over time, even to the “new kid on the block,” the cyber-currencies. For those who feel that the coming tax consequences or regulation of Bitcoin and other electronic money are a serious federal intrusion into your financial freedom, you ought to consider what the Feds have done to punish gold hoarders over the years.   America’s 41-Year War Against Gold Investors, 1933-1974 When FDR assumed office in 1933, he said, “We have nothing to fear but fear itself,” but he soon added two new fears – (1) we couldn’t access our money in the bank, since FDR declared a bank holiday by closing all banks for four days, and then (2) he called in all gold coins and bars under penalty of fines up to $10,000 and 10 years in jail. Later, on FDR’s 52nd birthday, January 30, 1934, once most of those coins and bars were in government hands, FDR revalued gold from $20.67 to $35.00 per ounce, a 69% return for the Feds – and a birthday gift to FDR denied to all other Americans – devaluing the dollar by 41%. Gold was near $200 when it was legalized 41 years later. Americans missed the 10-fold gain from $20 to $200, so don’t complain about Bitcoin regulations. Whatever happens is small potatoes compared to gold. Late January is an important historical time for gold from many angles: January 21 marked gold’s high-point in real terms at $850 per ounce (a one-day spike) in 1980. January 22 was the start of China’s ‘Year of the Rabbit’ in 2023, an auspicious gold-buying day. January 24 marked the 175th anniversary of the discovery of Gold in California in 1848. The world changed on January 24, 1848, on California’s American River. It took over a year for the 49ers to finally make their way west, but about 2% of American males tried one of three treacherous routes – over the Panama isthmus, across the American plains or around the tip of South America by ship. Thousands of immigrants from China, Germany, and almost every other nation also came to California, but the real winners were the shovel and pick merchants, the food importers, and Levi Strauss’ jeans shop. Such is the lure of gold. Nobody ever sailed around Tierra del Fuego to mine a bitcoin – not yet anyway......»»

Category: blogSource: valuewalk6 hr. 11 min. ago Related News

The Manhattan DA was skeptical about using Michael Cohen to testify against Trump. He"s now helping the office investigate the ex-president"s hush-money scandal.

A grand jury is now reportedly weighing charges against Donald Trump for the 2016 hush-money payments to Stormy Daniels. Michael Cohen and Donald Trump.Spencer Platt/Getty Images; Mario Tama/Getty Images Manhattan DA Alvin Bragg was reportedly skeptical about using Michael Cohen in a criminal case against Trump. A grand jury is now reportedly weighing charges against Trump for the 2016 hush-money scandal. Michael Cohen would likely be a cooperating witness in a criminal case. Manhattan District Attorney Alvin Bragg was torn about using Michael Cohen to testify against Donald Trump, according to a book obtained by the New York Times written by a former prosecutor who led the investigation into the Trump Organization.Cohen — a former vice president of the Trump Organization and personal lawyer for the ex-president — has his own criminal history.In addition to pleading guilty to a 2016 hush-money scheme for women who said they had affairs with Trump, he evaded taxes on property sales and lied to banks to perpetuate a New York taxi medallion scheme.Cohen also has a penchant for talking to members of the media, which may risk the secrecy of an ambitious criminal case against a billionaire former president.Bragg said he "could not see a world" in which the district attorney's office would bring Cohen as a witness in a criminal case against Trump, according to a forthcoming book by Mark Pomerantz, a former top attorney leading the office's investigation into the Trump Organization investigation; the New York Times reported on the book's contents.The disclosure about Cohen could complicate another case under consideration by the office, over whether Trump broke the law for hush-money payments ahead of the 2016 presidential election.On Monday, a grand jury in Manhattan reportedly began hearing evidence over whether Trump committed a crime in the Stormy Daniels hush-money scheme.Cohen facilitated payments to Daniels, whose real name is Stephanie Clifford and who says she had an affair with Trump, to maintain her silence ahead of the 2016 election. Cohen pleaded guilty to campaign finance charges in 2018, but federal prosecutors who brought the case didn't indict Trump. Cohen said he made the payments at the direction of the then-president, who was referred to as "Individual-1" in court documents.If the Manhattan district attorney's office indicts Trump on state-level charges for the scheme, Cohen's testimony would almost certainly be used in the case. Cohen has also expressed publicly that he'd testify in a case against Trump.Cohen didn't immediately respond to Insider's request for comment.At the time Bragg expressed his skepticism about Cohen, the office was weighing whether to bring racketeering charges against Trump, according to Pomerantz's book.The long-running investigation into the Trump Organization, which remains ongoing, has evaluated whether Trump broke tax, bank, and insurance laws by misrepresenting the values of its properties. The New York attorney general's office last year filed a civil lawsuit against Trump and his family members over misrepresenting property values.In a statement provided to Insider, Bragg said the investigation was ongoing and blasted Pomerantz for deciding "to quit a year ago and sign a book deal.""After closely reviewing all the evidence from Mr. Pomerantz's investigation, I came to the same conclusion as several senior prosecutors involved in the case, and also those I brought on: more work was needed," Bragg wrote. "Put another way, Mr. Pomerantz's plane wasn't ready for takeoff."Pomerantz was hired by Bragg's predecessor Cyrus Vance Jr. A legendary defense attorney and former prosecutor, he returned to law enforcement solely for the Trump investigation.Along with fellow top prosecutor Carey Dunne, Pomerantz quit the district attorney's office in early 2022 after Bragg declined to charge Trump, he wrote in a resignation letter.The prosecutors still haven't brought charges against Trump, but they moved forward with criminal cases against the Trump Organization and its then-CFO Allen Weisselberg over tax fraud.Weisselberg pleaded guilty to the fraud charges, and the Trump Organization was convicted at trial late last year. Weisselberg is under pressure to cooperate in the DA's Trump investigation or he could face more charges, the Times reported this week.Trump has long denied wrongdoing and has cast law enforcement officers investigating him as politically motivated. A representative didn't immediately respond to Insider's request for comment.Read the original article on Business Insider.....»»

Category: topSource: businessinsider6 hr. 11 min. ago Related News

CIA chief says Ukraine needs to puncture "Putin"s hubris" in the next 6 months

The CIA chief said Ukraine needs to show Putin that Russia won't gain any more territory and is at risk of losing ground in occupied regions. Russian President Vladimir Putin in 2014.Sasha Mordovets/Getty Images CIA chief William Burns said the Ukraine war is entering a "critical" phase in the next six months. Burns said it will be crucial for Ukraine to puncture "Putin's hubris" on the battlefield.  Russia is expected to launch a major offensive in the near future. CIA Director William Burns on Thursday warned that Russian President Vladimir Putin is "betting right now that he can make time work for him" and "grind down Ukrainians" as the West's support for Ukraine fades. The CIA assesses that the next six months of the war in Ukraine will be "critical," Burns, a former US ambassador to Russia who makes frequent trips to Kyiv, said during an event at Georgetown University.During this "crucial" period, it will be vital for Ukrainian forces to puncture "Putin's hubris" on the battlefield, Burns went on to say, underscoring that Ukraine needs to make it clear to the Russian leader "that he's not only not going to be able to advance further in Ukraine, but as every month goes by, he runs a greater and greater risk of losing the territory that he's illegally seized from Ukraine so far."Burns' assessment echoed comments from NATO chief Jens Stoltenberg in mid-January, when he said the war was entering a "decisive phase." The fight in Ukraine has morphed into a grinding war of attrition, with heavy losses on both sides and incremental gains. But Russia is expected to launch a major offensive in the near future, as Ukraine ramps up its requests for more advanced weapons from the West to help it defend against the Russian invaders and push to reclaim occupied territory. The US, Germany, and the UK recently announced they would provide battle tanks to Ukraine, fulfilling a major request. Ukrainian Defense Minister Oleksii Reznikov on Wednesday suggested that the expected Russian offensive is likely to occur close to the one year anniversary of the Russian invasion — February 24."We think that, given they live in symbolism, they are going to try to attempt something around February 24," Reznikov told French TV station BFMTV.Meanwhile, there are evolving discussions in Kyiv and Western capitals over the potential for Ukrainian forces to push Russia out of Crimea and regain control of the crucial Black Sea peninsula."We must do everything to ensure that Crimea returns home by summer," Maj. Gen. Kyrylo Budanov, Ukraine's military intelligence chief, recently told the Washington Post. "Crimea will be returned to us. I'll tell you more: It all started in Crimea in 2014, and it will all end there," he added. Russia invaded Ukraine and illegally annexed Crimea in 2014, prompting outcry across the world. In many ways, this provocative action laid the foundations for Russia's full-scale invasion of its next-door neighbor last February.Crimea, home to a number of Russian military bases and Russia's Black Sea fleet, was used as a staging ground for Russia's invasion last year. Russian aircraft and warships continue to use Crimea as a base of attack for striking Ukraine. Top military analysts have made the case that regaining control of Crimea is key to Ukraine's long-term survival."The decisive terrain for this war is Crimea. The Ukrainian government knows that they cannot settle for Russia retaining control of Crimea," retired Lt. Gen. Ben Hodges, a former commander of US Army Europe, told Insider in late January. "The next few months will see Ukraine setting the conditions for the eventual liberation of Crimea," he added.Read the original article on Business Insider.....»»

Category: topSource: businessinsider6 hr. 11 min. ago Related News

As People Return to Offices, It’s Back to Misery for America’s Working Moms

Mothers aren't the only workers affected by the policies, but data on their experiences offer a window into the impact of working from home. I’ll never know what it was like to be a working parent in the Before Times. My son was born in October 2020, and I returned to work—remotely—in February 2021. My routine back then was simple: I’d drive six minutes to drop my son off at his San Francisco daycare and then return home to work at my desk in his bedroom. There was no sweating on the bus as I realized that traffic was going to make me late to pick him up. No lugging a breast pump to and from a windowless lactation suite. No getting home at 6 pm to realize I’d forgotten to defrost the chicken for dinner. [time-brightcove not-tgx=”true”] The hand-wringing over whether women can really “have it all” is decades old by this point—you may have read Anne-Marie Slaughter’s 2012 take in The Atlantic (her conclusion: they can’t), or the New York Times Magazine piece in 2003 about the rise of college-educated mothers opting out of the workforce (“I wore myself out trying to do both jobs well,” one said). But the later phases of the pandemic, especially after many schools went back to in-person learning, offered a surprising experiment for those of us usually at the center of that debate: college-educated working moms like me, nearly half of whom were able to do our jobs from home. Without the burden of a commute, we did our jobs, took care of our kids, and sometimes even got to exercise. Being able to pull it off was dependent on having reliable childcare—a big “if”—but, for many people, remote work meant the difference between chaos and sanity. One recent study found that it saved people like me an average of 72 minutes a day. Evidence suggests that the increase in companies enforcing return-to-office mandates may drive American mothers out of the workforce at a crucial moment. Those 72 minutes matter, perhaps now more than ever. The skyrocketing cost of housing has made it much more difficult for families to live close to corporate jobs in cities, causing commute times to balloon. (People taking public transit to work had an average commute of 50.6 minutes each way in 2019.) Jobs in industries like law and finance are “greedier” than they used to be, leaving employees with grueling schedules—and their partners to pick up the household slack. Mothers are far from the only workers affected by these changes, but the data about their experiences provides a crucial window into the impact of working from home. Read more: Return to the Office? Not in This Housing Market By mid-2022, the labor-force participation rate for college-educated women was 69.6%, making this group the only one whose participation had not fallen from 2019, according to data analyzed by Richard Fry, a senior researcher at the Pew Research Center. That plateau was particularly remarkable given that the group’s labor-force participation has been slipping since it peaked in 1999 at 75%, even as women have been graduating from college at a higher rate than men since 2007 and outnumber them at medical and law schools. This, says Fry, is the demographic most likely to have jobs that can be done remotely. “The pandemic left college-educated women relatively unscathed,” Fry says. I’d argue that, for all the trauma and isolation of being a parent—or really, a human—during the pandemic, it did more than just that. I’ve talked to women who could hide their pregnant bellies from their coworkers, who wondered if their promotions might not have happened had bosses known sooner that they’d be out for maternity leave. Women who had morning sickness and could puke in the comfort of their own bathrooms. Women who didn’t have to decline meetings that began at 4:30, worried about the complicated math of train times and daycare pickup. Working from home, in short, allowed them to hide the evidence of the competing priority that is motherhood, which of course was good for their careers. In fact, there are now actually more college-educated women in the workforce than there are college-educated men, according to Fry—31.3 million women, a 7.5% jump from 2019, compared to 30.5 million men. Many of those women have toddlers and young children, according to work by Claudia Goldin, a Harvard economist. “Working at home may have opened doors and increased options for them,” she wrote in a 2022 paper. About 78.2% of female college graduates aged 25 to 34 who had children participated in the labor force in the fall of 2021, she found, compared to 77.2% in the fall of 2018. There was even a mini baby boom among college-educated women ages 30-34 during the pandemic, the first reversal in declining U.S. fertility rates since 2007. Researchers say the flexibility of remote work for this demographic may have contributed. A law-firm associate in Chicago who had a baby during the pandemic told me that she got three bonuses during the pandemic because of how much she got done while working remotely, and her experience is borne out by data showing that people are productive at home. Read more: Parents Say It’s More Important for Their Kids to Make Money Than to Start Families To be sure, women can and have worked outside the home while parenting for decades. My own parents both worked in offices full-time and managed to raise two kids, neither of whom turned out to be serial killers. And 75% of employed women who didn’t have a college degree kept reporting to their in-person jobs throughout the pandemic. But that doesn’t mean the system isn’t, well, kind of miserable. “It wasn’t sustainable, but I thought, this is what you have to do to have kids,” says Brianna, 33, a mom who, before the pandemic, left her house by 6 a.m. every morning in order to get to her job in downtown Nashville by 7 a.m. so she could leave by 3:30 to relieve her 2-year-old daughter’s caregiver. Before the pandemic, working remotely was frowned upon at her information-services company, says Brianna, who asked that her last name not be used because she didn’t clear our conversation with her bosses. Now, she works remotely and has more time for her kids and for her job. If she’d had to go back to the office, she says, she likely would have shifted to a part-time role—not a decision her husband would have made, even though they make the same amount of money. Though of course non-mom caregivers benefited from extra time too, working mothers are the ones whose responsibilities have grown, rather than fallen, over the decades. Compared to 2003, employed women are spending more time working and more time on childcare, according to the American Time Use Survey. Men, meanwhile, spent less time at work than in 2003, and also less time doing childcare and housework. That dynamic speaks to what sociologist Paula England calls the “stalled gender revolution,” which she attributes in part to the fact that women take on more childcare and household duties than do men. True progress toward gender equality, England says, will only come with “substantial institutional and cultural change.” Such as, for example, a sudden shift toward working from home. For some workers, having gotten a taste of that shift, there’s no going back. Iris Borkovsky was a data analytics manager for Uber who didn’t have strong opinions about remote work—until she became a mother in June 2022. Uber’s decision to begin enforcing a policy that workers spend half their time at the office was one of several reasons that Borkovsky decided to quit. (In October, Uber acknowledged that remote work helped work-life balance but said that people had a “stronger sense of belonging” and higher overall satisfaction with work when they were in the office regularly.) And that lawyer in Chicago with her three bonuses? She was told to start commuting three times a week in 2023. Now she’s talking to a recruiter to find a new job that will allow her to work remotely, even though she knows it will be a “step down” in prestige and pay. “The pandemic gave me a taste of what my life could be like—I could get excellent reviews at work and still felt like I’m being a good mom,” said the woman, who didn’t want her name used because she is still looking for a new job. “Why are we trying to push so hard to go back to this previous reality that wasn’t working so well?” Those two women are not alone. A recent survey conducted by McKinsey in partnership with LeanIn found that just one in ten women wants to work “mostly” on-site, compared to one in five men. Read more: No One Wants to Go Back to the Office As Much As White Men In the course of reporting this story, I talked to Suzanne Braun-Levine, who was the first editor of Ms. magazine from 1972 to 1988, during which time both she and her husband worked full-time and raised a son and a daughter in New York City. But despite her kids having been raised in a world in which feminist support for women in the workforce was part of the air they breathed, she was nervous that her daughter, who is eight months pregnant with her second child, would drop out of the workforce. Her daughter, Joanna Bozkurt, is a senior vice president at a financial institution and a pandemic mom like me; she gave birth to her first baby in March of 2021. Her husband keeps long hours as a lawyer at a big firm. Bozkurt is still determined to stay in the workforce after their second child is born, but acknowledges things will be different. And perhaps harder than it was for her parents. Her dad was the founding partner of a law firm, she says, but before cellphones and laptops, he would come home and not have to worry about work. Anecdotally, she says, her parents also seemed to be less plagued by guilt than she and her husband are. They didn’t stress as much about whether they were doing the “right” things to raise their kids. “I think guilt is a very recent thing,” Braun-Levine agrees, and surveys suggest she’s right that something has changed. Today’s mothers are finding parenthood a lot harder than they’d anticipated, perhaps because of the pressure they put on themselves. Remote work—which doesn’t just help college-educated moms in heterosexual relationships—can enable all parents to better share household and childcare responsibilities. Iris, the former Uber worker, says her husband is also a more confident parent for having been around to do more of the daily work of care and feeding. His company is fully remote except for one week a quarter, when teams get together in-person. Of course, there are big benefits to being in an office, around other people. Companies tout increased collaboration and mentorship opportunities for younger workers as reasons for calling people back. For some working moms, the ability to leave their children at daycare and go into a place where they are something other than a mom is an essential part of staying sane. But the idea that only in-person workers are dedicated to advancing in their careers is a false dichotomy leftover from the pre-pandemic world. People used to go into factories and then to offices because there was no other way to get work done otherwise. That’s no longer the case. Goldin, of Harvard, plays out a troubling scenario where, in an extension of existing family time-use choices, men go into the office five days a week and women go in only three; women will do the client-facing meetings on Zoom and men will go to Europe to close deals, and women, already behind on wages, will lose out on bonuses and pay increases. But it doesn’t have to be that way. “People think it’s mutually exclusive to be really ambitious and committed to your career and also demand flexibility,” says Rachel Thomas, the co-founder and CEO of LeanIn.Org. “I just want to say out loud, ‘I don’t think they’re at odds with one another,’” she says. Most working moms like me—most anybody, I’m sure—would love to be able to snap our fingers and be around our colleagues at work, and then snap our fingers and be home in time to pick up our kids from daycare. But this isn’t Star Trek. If companies are being truthful with themselves, they have to admit that working remotely is the closest thing to teleporting we’ve got. If they want to keep working mothers, something has to give......»»

Category: topSource: time7 hr. 23 min. ago Related News

I"m a virtual therapist who booked $350,000 in revenue last year. Here"s how I built my business with patients, coaching clients, and social media.

Kelly McKenna, who started her business in February 2021, shares how therapists can diversify their revenue streams and grow their businesses. McKenna started her practice in 2021.courtesy of McKenna Kelly McKenna started her own virtual therapy practice in February 2021. Last year, she booked $350,000 in revenue from working 30-hour weeks. McKenna shares how therapists can diversify their revenue streams and grow their businesses. Kelly O'Sullivan McKenna knew something was missing from her job in 2020. She worked in nonprofit business management, but the role lacked the client relationships she'd fostered seven years earlier while earning her master's in social work. She started a part-time job as a therapist in March to fill that void, and two weeks later, she transitioned from in-person work to telehealth. Her longing for customer connection and her experience with telehealth prompted McKenna to launch a virtual therapy practice in February 2021 called Sit With Kelly. Today, McKenna meets with 15 clients per week – a decrease from 20 clients per week in 2021, to make room for more streams of income – and teaches other therapists how to start their own virtual practices. What's more, she booked $350,000 in revenue last year— more than double what she made at her previous job — which Insider verified with documentation.The telehealth industry grew in popularity during the pandemic, and virtual therapy and mental-health services saw substantial increases. By February 2021, 50% of psychiatry appointments and 30% of substance-use treatments were being conducted virtually, a study by the management-consulting firm McKinsey & Company found. There has never been a better time to start a virtual practice, McKenna said. Her Instagram account, which had 55,300 followers at the time of writing, brought in most of her clients.McKenna shared her advice for finding clients, developing multiple revenue streams, and finding a foothold in the telehealth industry. The interview with McKenna has been slightly edited for length and clarity. Take advantage of a virtual world to connect with clientsMcKenna meets with all of her clients online.courtesy of McKennaTwo weeks after I started with the private practice as a therapist, COVID-19 sent the world into lockdown and moved our clients online. That made the idea of starting my own business much more attainable. With telehealth, I saw a new opportunity. I went from working more than 60 hours per week — including nonprofit work and evening private-practice hours — to about 30 hours per week when I started my own business.But when shifting from insurance-based pay to private pay, therapists either have to be well known in the community or have a strong online presence in order to generate referrals. Whether that's through Instagram or a blog, clients need a reason to make the shift from "I'm looking for a therapist who takes my insurance" to "This therapist understands my issues. I want to work with her."Most therapists weren't taught anything about marketing in school. It's important to invest in learning those skills if you want to run a successful business, and social media is a great way to make sure those potential clients know you exist. Building that presence can ensure you keep your caseload full.Expand business offerings authentically  A post shared by Kelly | Anxiety Therapist (@sitwithkelly) Many of my Instagram followers are therapists who want to start their own business, so I launched an online course and additional coaching products to help them. The course comes in three tiers, which focus on specific aspects of running a virtual business. That way, I'm able to connect with people at all stages of their business-launching journey. Brand partnerships on social media are another arm of my business – bringing in $37,000 in revenue in 2022. But I keep my "influencing" posts separate from my therapy business.In an industry as focused on ethics as therapy, I make sure to only work with brands I use and love. Creators have to be careful with brand partnerships. You don't want to lose trust with your audience. I always make sure it's something that makes sense for my brand, such as CBD gummies or weighted blankets, and that I actually use and believe in.The future of therapy is digital, but not all platforms are equalVirtual therapy is a great opportunity for therapists, but we have to be conscious of the way we perform our services. As a virtual-only practice, I don't take any high-risk clients or those who need in-person meetings, where the therapist might have to physically see the patient to assess their progress.My biggest advice for early therapists is to create a network of other mental-health professionals who specialize in the services you don't. If I'm not the best fit for a client, I'll refer them to other psychiatrists or doctors I know. If you don't have a big professional network yet, starting a professional Instagram page is a great way to begin. Another recent change mental-health professionals have to be mindful of is the arrival of new startups in the virtual-therapy space. These can be affordable options for clients, but they often don't pay therapists nearly what they're worth. That's one of the reasons I'm so passionate about business coaching. Teaching therapists how to do it themselves, market themselves, and create a practice of their own is important to me and the future of the therapy space.Read the original article on Business Insider.....»»

Category: topSource: businessinsider7 hr. 23 min. ago Related News

Amazon – International Sales Fall Amid Consumer Weakness

Amazon.com, Inc. (NASDAQ:AMZN)’s net sales rose 12% to $149.2bn in the fourth quarter, which was better than expected. Growth was entirely driven by North America and Amazon Web Services (AWS), while International sales fell 5%. Operating profit fell to $2.7bn from $3.5bn a year ago. The decrease includes a $2.7bn charge relating to the group’s […] Amazon.com, Inc. (NASDAQ:AMZN)’s net sales rose 12% to $149.2bn in the fourth quarter, which was better than expected. Growth was entirely driven by North America and Amazon Web Services (AWS), while International sales fell 5%. Operating profit fell to $2.7bn from $3.5bn a year ago. The decrease includes a $2.7bn charge relating to the group’s restructuring efforts, including severance costs. AWS was the only division to generate profit, which came in at $5.2bn. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Amazon said it had a record-breaking holiday season in the US. The group expects net sales to be between $121.0bn - $126.0bn in the first quarter of 2023, with operating profit between $0 - $4.0bn. Amazon shares fell 4.1% in after-hours trading. Amazon's Earnings Sophie Lund-Yates, Lead Equity Analyst at Hargreaves Lansdown: “Amazon is a classic a bellwether for consumer confidence, and the slowdown in activity shines a light on the very real pull back in consumer sentiment and spending. Consumer discretionary stocks have been seeing declines in recent months as the market weighs up the likelihood of the current downturn being prolonged. While declines haven’t been as steep as feared, they could become more pronounced. Overall, real personal consumption in the US is holding up reasonably well, but savings rates are depleting at a rapid rate. That means by the middle of the year we could see a pronounced change in behaviour which will hurt Amazon, and all other businesses selling non-essential goods.   To a large extent, this has been priced into expectations. Markets are also being steadied by the fact central banks are sticking to the script where interest rates are concerned. However, that doesn’t mean further shocks to Amazon’s valuation can be ruled out. As usual, it’s AWS carrying the entire team with quarterly profits in excess of $5bn still not enough to stoke growth overall. Amazon’s formidable web business is largely the reason for the above average valuation, but the reality is there’s a large hurdle causing a drag on group performance. Amazon’s retail operation grew too fast after the pandemic-boom and volumes weren’t there to meet the new infrastructure. That’s an ongoing problem, and all the cloud magic in the world can’t distract investors from that truth.”.....»»

Category: blogSource: valuewalk8 hr. 39 min. ago Related News

Transferring Foreign Cash Is Cheaper On Phones. So Why Isn’t It More Popular?

Mobile remittance channels are among the cheapest in the world and yet account for only a small portion of the total transaction volume. Finder’s Elizabeth Barry explores why this is and the barriers to using a mobile remittance provider. Despite economic uncertainties and the changing nature of global migration since 2020, remittances remain an important […] Mobile remittance channels are among the cheapest in the world and yet account for only a small portion of the total transaction volume. Finder’s Elizabeth Barry explores why this is and the barriers to using a mobile remittance provider. Despite economic uncertainties and the changing nature of global migration since 2020, remittances remain an important part of life for both individuals and businesses. People must send money to their families. Digital nomads need to manage expenses. Businesses need to accept payments and pay international invoices, and the list goes on. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   So you would think the cost of sending money would be close to, if not at the top of, the list of concerns for people transferring money into another currency. But one of the cheapest ways to send money — through a mobile provider –– isn’t the most popular. How Important Are Remittances, Anyway? Remittances mean different things to different people globally and are much more than what they appear at face value. For many people in low- and middle-income countries, for example Nepal or El Salvador, they are also a key driver of financial inclusion. According to a report by the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS), remittance flows are so important to low- and middle-income countries that they have been greater than official development assistance since the mid-1990s and have surpassed foreign direct investment since 2019. “Remittances are usually the first financial service used by migrants and their families, thus providing a point of contact with the financial sector that can be leveraged to increase access to other financial services,” the report said. The digitization of remittances can therefore “further enhance their contribution to financial inclusion.” The Cost Of Currency Interestingly, the widely accepted definition of international remittances, provided by the World Bank, includes the fact that they are “typically recurrent.” This, coupled with the fact that low- and middle-income countries and migrants heavily rely on remittances, means it's essential to keep money transfer costs accessible for these groups. Costs differ depending on provider, payment method and country and can prevent huge barriers to those looking to send money internationally. Banks continue to be the costliest way to send money globally. A report by the World Bank found that it costs an average of 10.94% to transfer money with a traditional financial institution in the first quarter of 2022. That same report found it cost an average of 5.28% to send money with a money transfer operator during the same period — or 2.87% with a mobile operator. The report also found cost discrepancies when using different payment methods to send and receive remittances, although not as stark. However, sending and receiving money through mobile still came out as the cheapest in the first quarter of 2022, with an average cost of 2.77% when used to fund the transaction and 4.22% when disbursing the funds. More Mobile? So, with mobile money providers being the cheapest way to send money internationally, it must also be the most popular, right? Well, it isn't — not by a long shot. Mobile money represented less than 3% of all remittances globally as of 2021, and this is well below estimates. The State of the Industry Report on Mobile Money 2022 found that while total remittance flows to low- and middle-income countries were expected to increase by 7.3% in 2021, mobile money-enabled remittances grew faster by 48% to reach $15.9 billion. “Despite this impressive growth, the total value of remittances sent through the mobile money channel still represents just 2.7% of total forecasted flows to low- and middle-income countries, estimated at $589 billion in 2021. This indicates that, even after remarkable growth, the mobile money channel still has considerable potential,” the report said. So, why aren’t more people using mobile for global remittances? For one, cash is still king in foreign currency. Despite being more expensive to send remittances in cash, many people transferring money in low- and middle-income countries don't have access to traditional financial services and so need cash to complete the transaction. “Access to cheaper digital remittances requires both senders and receivers to access a transaction account. This is a big challenge for undocumented migrants on the sending side and financially excluded families on the receiving side,” said the BIS report. The report details that the dominance of cash is also “due to lack of access to transaction accounts, lack of options for receiving transfers using digital channels or lack of knowledge of digital products.” “[...] there could be a lack of an enabling ecosystem for digital payments: If money received digitally must be withdrawn in cash for use in places where digital payments aren’t widely accepted, cash might be the most convenient option.” Is There A Way Forward For Mobile Remittances? The barriers preventing a faster uptake of mobile remittances don’t outweigh the benefits of saving people money for those same remittances. The World Bank report found sending money using cash cost, on average, 6.37% in the first quarter of 2022 compared to 2.77% with mobile money.   It’s also estimated that a 1% cost reduction leads to a 1.6% increase in remittances to low- and middle-income countries, leading to increased financial inclusion outcomes. And while the growth in mobile remittance uptake has been slow, it’s making progress. Mobile money payments surpassed over $1 trillion in 2021, which was a 31% year-over-year (YOY) increase. And YOY, the cost of remittances has been trending down from 2011 to 2022. The UN has also identified bringing down remittance costs as one of its 10 strategic goals to reduce inequality. It aims to reduce the transaction costs of migrant remittances to less than 3% and eliminate remittance corridors with costs higher than 5%. The future looks brighter, cheaper and more mobile......»»

Category: blogSource: valuewalk8 hr. 39 min. ago Related News

How Technology Kept The World Sane

Beginning in January 2020 the world experienced something we have not seen since the 2009 H1N1 influenza outbreak. For the most part we had become comfortable with the idea that modern medicine could keep the population of the world healthy. However, COVID 19 spread like wildfire, hopping from continent to continent via world travelers who […] Beginning in January 2020 the world experienced something we have not seen since the 2009 H1N1 influenza outbreak. For the most part we had become comfortable with the idea that modern medicine could keep the population of the world healthy. However, COVID 19 spread like wildfire, hopping from continent to continent via world travelers who were unaware they were carrying a virus. The chaos that began to ensue in the wake of the initial spread was soon calmed. However, the changes this pandemic brought about would leave indelible imprints on our memories. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   Movement Restriction Nations all around the globe began instituting incredibly strict mandates regarding travel, the wearing of masks, and in some cases restricted citizens to staying inside their homes. Even within the United States we saw governors, mayors and other politicians pass ordinances and bills restricting the movement of citizens. This was all done in an attempt to limit face to face interactions and staunch the spread of the virus that was sweeping across the planet. However, all of these lockdowns also had another much darker effect. Mental Health Related Issues As people went into lockdown mode, not leaving their homes for months in some cases, mental health became an issue. Portions of society already at high risk for mental health related issues found themselves cut off from human interaction. Humans are sociable creatures. We thrive on interaction with each other as a means of coping with the day to day stress of survival. We congregate for many different types of gatherings in an effort to mingle with each other. Weddings, funerals, birthdays, weekend barbecues, and family vacations are just a few ways we strengthen our social bonds with other humans. When all of these events were suddenly restricted or stopped altogether, the human race found itself staring at an empty abyss of loneliness. How Technology Helped During A Pandemic However, there was one bright light that helped families and friends stay connected throughout the pandemic. Social media has become a major part of most of the world's daily life over the last two decades. Facebook, Twitter, Instagram and other social media platforms have become focus points for people to share their opinions and photographs with other people. Video communication platforms, such as Facebook's messenger and Zoom, became a means for families to stay connected by hosting family video chats and meetings. Aside from families, the workplace also took part in a paradigm shift that led to millions of people working directly from home via their computers. Zoom, Discord and other voice and video communication apps saw huge increases in the number of active users. These increased numbers indicated one important fact - humans NEED social interaction with each other to maintain their mental health. When that interaction was limited due to health risks, the human race sought another way to interact and survive. We found that solution in technology. While most people think of community as their neighbors on the block, or the town they live in, that word has taken on a whole new definition in a post pandemic world. Streaming services like Twitch.tv saw a dramatic increase in the number of content creators on its platform who were sharing their daily life in a live stream video format. Millions of people flocked to these streaming services to share their own experiences, or simply to watch the experiences of others in an effort to maintain a sense of normalcy. Content creators suddenly found themselves with a community made up of people who liked the same things they did, and friendships began to be formed in a whole new way. Gaming content creators grew exponentially during the pandemic, as people who liked the same genres of games began to gather and create communities. The friendships created through these platforms are just as real as friendships created through face to face encounters in a local setting.   Building Relationships The relationships are also equally important to the people involved in them as face to face relationships. In a report from Ohio Wesleyan University, Assistant Professor of Psychology Kira Bailey, writes that "there's nothing virtual about online connections." She states that websites like eHarmony provide a real and solid platform for building relationships. In fact, nearly 40% of all dating relationships take place in an online setting in modern times. While some may write this off as being unimportant, the numbers do not lie. The current national average divorce rate is around 50%. However, the divorce rate among couples who met on eHarmony is just 4%. During the pandemic the world began to look for ways to stay connected. Social media platforms, streaming services, and dating platforms provided this connection. Had it not been for modern technology, we most likely would have seen a much higher spike in mental health related illnesses. In short, technology helped keep the world sane during one of the worst pandemics any of us have ever seen in our lifetime......»»

Category: blogSource: valuewalk8 hr. 39 min. ago Related News

AT&T CEO: Societal Trends For Networking Companies Paint A Rosy Future Picture

Following is the unofficial transcript of a CNBC interview with AT&T Inc. (NYSE:T) CEO John Stankey on CNBC’s “Squawk Box” (M-F 6AM – 9AM ET) today, Friday, February 3rd for AT&T Pebble Beach Pro-Am in Pebble Beach, California. AT&T CEO: Societal Trends For Networking Companies Paint A Rosy Future Picture JOE KERNEN: Let’s get right […] Following is the unofficial transcript of a CNBC interview with AT&T Inc. (NYSE:T) CEO John Stankey on CNBC’s “Squawk Box” (M-F 6AM – 9AM ET) today, Friday, February 3rd for AT&T Pebble Beach Pro-Am in Pebble Beach, California. AT&T CEO: Societal Trends For Networking Companies Paint A Rosy Future Picture JOE KERNEN: Let’s get right to our first guest of the hour to talk telecom and much more probably not Bitcoin, AT&T CEO John Stankey. AT&T has sponsored the Pebble Beach Pro-Am since 1986 and thank you for doing that and I guess we should start out what, how much has the charity in Monterey area accumulate to— if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more   JOHN STANKEY: This charity actually has a record for the PGA Tour. It's over $200 million throughout the longevity of the tournament and they just do a fantastic job. We really like working with them on it. KERNEN: I wanted to make that birdie on 17 so badly. STANKEY: I heard you choked. KERNEN: I didn’t choke. BECKY QUICK: Did you make it? STANKEY: You choked. You missed it. KERNEN: Yeah but it was about 12 foot putt. Did, it was the best— STANKEY: How many times have you played that green Joe? I mean you think you’d know it by now. KERNEN: I mean it’s all green at least. Yeah, I wanted to because if I did, it would have been 2,500 to, for someone to get— STANKEY: There’s some poor child in Monterey County now that doesn't have a laptop because your— KERNEN: Because of my crappy— because of my. You have a much more focused company— STANKEY: We do. KERNEN: As we know, but then I when I look at what you're going to try to do in the future, I, it's really not any easier in terms of how smart you need to be, how expensive it's going to be, and decisions you're gonna have to make just connecting everyone so that we can do everything, we have the giga data to do what we want to do, and it's going to be an unbelievable future, but it's up to you to to make it happen again so you can't relax. STANKEY: Yeah, I think you're, you're making the case why it's so encouraging what the future holds, the skilled infrastructure and a high-performance network that is going to be really critical. And there aren't just a lot of companies around who can do this kind of thing. And I think we're one of the unique companies that have the scale and the wherewithal and the experience in doing the hard work to actually get the right amount of infrastructure out in this country. And when you start talking about the applications and what's to come, it's needed. It's going to be required. And so I actually think it's a really rosy future given it's going to be customer applications, and just what I would call societal trends that can be really good for networking companies like ours. KERNEN: But it's still going to take, what, what do you think you'll average in terms of capital expenditures over the next— STANKEY: You know, we'll probably settle in somewhere around the 15% of revenues range, you know, maybe a little bit more one year, a little bit less the next, but it will be probably right around that range. But we also have a dynamic coming on where there's nearly $50 billion of government subsidy that's about ready to be released into the system later this year. I think we can be a really competitive force in deploying that, so there'll be some government subsidy that comes in and acts as a private capital. That may take the industry up a bit over the next three, call it three, four years. QUICK: Hey John on that call, your CFO just pointed out that for this year, you're anticipating about 24 billion in capex, thinks that it will come down after 2023. Is that because you don't need to spend as much when it comes to 5G or other issues or is that because you're bringing in partners like Blackstone with what you're doing? STANKEY: It's a combination of all those things, Becky. What you look at right now is we are at a unique time where we are deploying a new area interface in the wireless business 5G that comes about once every 10 years and when it comes, it drives a bit of an uptick in capital deployment. And so, we're going to be through that cycle largely this year. And then we're largely at that point left with more fiber capillaries. So that allows us to take it down because we're through that cycle and you know, it's just a normal trend we typically see and look, when you see what we're trying to do right now with alternate partnerships to bring other investors into the business, our you know, our BlackRock discussion is a really important one because we can go try some different things that we haven't done before. We're moving outside of our traditional operating footprint. The capital that they're going to bring in allows us to try some different deployment constructs and different business models. We think it's going to be really, really helpful and it's going to give us a little more scale. KERNEN: Where the payout is now in the dividend coverage, it's not, you're not concerned with it. You're not up at night, at all. STANKEY: We made a lot of hard decisions, you know, probably starting a year and a half two years ago prior to the divestiture of WarnerMedia, and one of it was resizing our capital structure and thinking about what we wanted to be over the next several years and we set the dividend at a level that we thought was sustainable for the business we have now. And I think you look at last year's performance and you look at the cash flow dynamics and we've got to do this year, you know, we got to do a $16 billion cash flow number, our dividend obligation and the years about 8 billion gives us a lot of latitude on top of that and we expect, you know, over the next three years or so, we have a great opportunity to manage our business more efficiently. We've done a really nice job taking cost out, about $5 billion over the last three years. We're going to do even more as we move forward and that gives us the flexibility we need especially with the growth we have. KERNEN: Can I keep my landline for how much longer? STANKEY: You know, I don't think copper-based landlines are long for this world. There's a lot of states that— KERNEN: So that’s a no. That’s what you told me.   STANKEY: But you've got a lot of other great replacements that work better than it and do a lot more than that. I think you'll be able to talk to somebody on the telephone forever Joe so you can still call. KERNEN: The way you just described what you need to do and I think maybe you are on to something, you don't need dealing with producers and directors and you don't need to create that content that's going to be on all these connected networks that you're building. If you had to do both, there's just no way and there's just no way you could have— STANKEY: Somebody made that choice, I guess. That's correct. And look there, I do believe we have a lot to do as you started out with. We are very focused on doing that and doing it well. I think in the future KERNEN: Stock’s starting to work too John so— STANKEY: I like it a lot better where we are right now than where we were this time last year. KERNEN: I like where we are right here at a place called Pebble Beach too so thank you, but good to have you on. STANKEY: Absolutely......»»

Category: blogSource: valuewalk8 hr. 39 min. ago Related News

These 3 Tips Will Turn Anyone Into A Successful Real Estate Investor

We have all watched reality shows like Flip or Flop, where investors go into a dirty, run down house and buy it for pennies on the dollar. Then, after spending just a few weeks working on the home to remodel it, they sell it for a huge profit. In some cases, the profit is in […] We have all watched reality shows like Flip or Flop, where investors go into a dirty, run down house and buy it for pennies on the dollar. Then, after spending just a few weeks working on the home to remodel it, they sell it for a huge profit. In some cases, the profit is in the millions. However, most of these shows are overly dramatized and faked. It is easy to watch these shows and think “I could do that.” The idea of making millions for a few weeks of work and with a relatively small up front investment appeals to almost everyone. However, there are a few catches the shows fail to highlight in their 45 minute long episode. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q4 2022 hedge fund letters, conferences and more Watching an episode of one of these shows and thinking you know enough to try it on your own would be the equivalent of watching the World Poker Tour on TV and then attempting to win a high stakes game at a table in Vegas using only that knowledge. You would learn very quickly there is no camera allowing you to see what cards the other players are holding in their hands. Tips To Become A Successful Real Estate Investor Just as you would not walk blindly into a poker tournament risking a large investment, you cannot jump into a real estate investment blindly either. Brad Hovis, author of Rollover to Retire, is a real estate investor who has mastered the art of investing in properties that provide constant passive income. He has three very important tips for prospective investors that could mean the difference between bankruptcy and financial freedom. The first thing Brad notes about real estate investing is that it is important to do it in a debt free scenario. Being in debt on an investment property is a risk you do not need or want to take. So how do you invest without going into debt if you do not personally have the capital? This is where Brad says "you have to know your role." There are two roles in investing, he claims. The blue collar role and the white collar role are equally important, but if you want to be successful as an investor, you must know which role you should take. The blue collar role is the person who can spot potential investment properties, and know enough about remodeling and flipping them to understand the cost associated with making them profitable. This person would be able to complete basic remodeling tasks, or have contractors on tap who can complete them in a timely manner. The white collar role would be the person who has enough capital to purchase and pay for the renovations on an investment property. The white collar partner in an investment venture may not know exactly what home renovations need to be done, or even how much they will cost, but they have the ability to cover those costs. Brad stresses the importance of avoiding bank loans to complete an investment. If the investment does not immediately turn a profit, a physical human partner is much easier to deal with than a bank when it comes to the capital involved. By utilizing a partner who has the funding to invest, you eliminate the need for personal debt. One of the tips Brad offers potential investors is that it is possible to be the white collar partner in an investing venture by using retirement funds to invest in real estate. A typical 401K account only yields about a 5-8% return each year in growth, according to Smart Asset. However, an investment property can offer a much higher percentage rate on the return in a much shorter time. Flipper Force says that a real estate investor should aim for at least a 10 to 20% return when investing in a property. Typical renovations on homes like this should take less than 4 months. That means that an active flipper in a hot market can turn at least two or three properties per year. This equates to a much higher rate of return on money you already have invested. One key point to remember is that passive income is king. Being able to flip a house for a relatively fast profit is handy for a young investor. However, as we age we tend to want to spend less time working and more time enjoying our life. Active income is the money we earn by completing a task. For most of the world that involves working for someone else or owning a small business. Passive income is created when you find a way to yield profits without actively having to be involved in the production of those profits. Investing in rental properties is a great way to build passive income. However, the keys to success remain the same. You must do it in a debt free environment. So, if you are not yet at the point of being a white collar partner, you need to find an investor who has the capital. The third, and probably most important tip Hovis has to offer is that "you have to keep emotions out of the deal." He says emotions are not your friend when investing in real estate and all investments need to be looked at with an eye for profit. Basically, if you want to be successful in real estate investing, follow these three guidelines. First, stay debt free in your investment. Second, know which role applies to you and be good at it. Third, keep your emotions out of the deal and approach the venture logically and armed with good accounting skills. Following these tips can make anyone successful and ignoring them can bankrupt any unwary investor......»»

Category: blogSource: valuewalk8 hr. 39 min. ago Related News

Vanilla is the world"s second-most expensive spice. So why do Madagascar"s farmers live in poverty?

Madagascar grows an estimated 80% of the world's supply of vanilla. But vanilla farmers live in poverty as they face fluctuating prices and thieves. Read the original article on Business Insider.....»»

Category: personnelSource: nyt9 hr. 11 min. ago Related News

"Knock at the Cabin" is a new thriller from M. Night Shyamalan that"s now in theaters — here"s what we know about its streaming release

"Knock at the Cabin," an apocalyptic horror from M. Night Shyamalan, opens on February 3. Here's what we know about its upcoming streaming release. When you buy through our links, Insider may earn an affiliate commission. Learn more.'Knock at the Cabin' is now showing in theaters.Universal Pictures "Knock at the Cabin" is an apocalyptic psychological horror film by M. Night Shyamalan.  It follows a young family that is taken hostage in their rental cabin by four armed strangers. The film hit theaters on February 3 — you can buy tickets now from Atom, Fandango, and MovieTickets.com. "Knock at the Cabin" debuted in theaters on February 3. Tickets are now available for purchase for the M. Night Shyamalan horror film both online and in theaters. A small family is vacationing at a remote cabin when four armed strangers arrive to, in their words, save the world. The girl and her dads are taken hostage, then forced to make an impossible decision set before them with the apocalypse at stake. Their access to the outside world is limited, and time is running out for the victims, their captors, and the world.Check out the trailer for "Knock at the Cabin""Knock at the Cabin" is directed by M. Night Shyamalan with a screenplay by Shyamalan, Steve Desmond, and Michael Sherman. The cast stars Dave Bautista, Jonathan Groff, Ben Aldridge, Nikki Amuka-Bird, Kristen Cui, Abby Quinn, and Rupert Grint.How to watch "Knock at the Cabin"You can watch "Knock at the Cabin" exclusively in theaters starting February 3. Tickets are available for purchase from online retailers like Atom, Fandango, and MovieTickets.com. Aggregation sites like these make browsing showtimes easy, since they gather every movie screening from all the theaters in your area. Tickets are also available from specific theater chains websites, which is the superior option for moviegoers with gift cards or loyalty memberships. Popular chains include AMC, Alamo Drafthouse, Regal, Cinemark, and Showcase. When will "Knock at the Cabin" be available to stream?"Knock at the Cabin" is expected to hit Peacock after its run in theaters, as is the case for all Universal Studios releases. No formal date has been announced yet, but a streaming debut can happen as soon as 45 days after the film's premiere on February 3.Recent Universal films have also been hitting digital retailers for rental and purchase online even sooner than that. "Violent Night" starring David Harbour, for example, became available to rent from Amazon, Vudu, and Apple TV just 20 days after it hit theaters.What is "Knock at the Cabin" based on?"Knock at the Cabin" is based on "The Cabin at the End of the World," a 2018 novel by Paul G. Tremblay. This film is the first time one of Tremblay's works has been adapted for the big screen.  Is "Knock at the Cabin" worth watching?As of writing, "Knock at the Cabin" currently holds a "71% Fresh" rating on Rotten Tomatoes. Critics agree that the film isn't that scary and has its weak points story-wise, but offers viewers a suspenseful and thought-provoking plotline. It's viewed as one of Shyamalan's better films, making it worth watching if you're a follower of his work. Fans of the book the movie is based on, "The Cabin at the End of the World," might also enjoy this movie to see the chilling plot brought to life. The trailer alone already shows some clear differences between the novel and the film adaptation, so it could be an exciting and surprising watch those who read the book.Read the original article on Business Insider.....»»

Category: personnelSource: nyt9 hr. 11 min. ago Related News