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More than half of Americans do not have $500 in savings
Nearly six in 10 Americans do not have enough savings to cover a $500 or $1,000 unplanned expense, according to a new report from Bankrate. Only 41 percent of adults reported having enough in their savings account to cover a surprise bill of this magnitude. A little more than 20 percent said they would put it on a credit card, the report said, while 20 percent would cut their spending and 11 percent would turn to friends and family for financial assistance. So, is there cause to worry? Just how leveraged is the average American and what does this mean when looking at the long-term forecast of the country’s economy? America seems to finally be back from the financial meltdown it faced in 2008. Is the bubble about to burst again? Dr. David Mitchell is a professor of economics and a director of both the Bureau of Economic Research and Center for Economic Education at Missouri State University. He is a respected expert in economic forecasting and is ready to speak to this important topic. Click on his icon to arrange an interview. Source:
Kennesaw State political science professor Kerwin Swint says that while Trump may not want to use his new Twitter handle when it is handed to him on inauguration day, he believes that Trump is setting up a war on traditional media that is unusual in its intensity and apparently strategic in nature. "He is trying to de-legitimize the media, and use social media to communicate directly with the American people. Trump is using Twitter the way FDR used radio - go over the heads of the mass media and communicate your message directly to the American people. Why would he stop?" said Swint, who explores the use of social media in political communication. Swint, who wrote the book, "Mudslingers: The 25 Dirtiest Political Campaigns of All Time" is now working on his newest book which will delve deep into the political nastiness of the historic Trump - Clinton election. Source:
#Rio2106 – A Billion Dollar Party?
Is hosting the Summer Games worth it for an economy in shambles? On Aug. 5, the Olympic Games begin in Rio de Janiero. What should be a point of pride for Brazil has been reduced to a cause for concern and worry for athletes, tourists, and international organizers. Hosting the Olympics is not cheap. It can cost the host country billions of dollars in infrastructure costs. During the bidding process, host cities make bold promises of upgrades to transportation, modernized and safe housing for athletes and new event facilities. Brazil’s economy is currently is a serious recession. Some economists have even said that the economy in this once powerful South American nation has not been in this poor a state since 1901. Professor Tom Smith specializes in cultural economics and the economics of the arts at Emory University’s Goizueta Business School. Professor Smith is available to speak to media about whether or not the economic risk of hosting the Summer Games outweighs the reward. He can also speak to the costs, benefits and long term effects can have on a country. Source:
Janet Healy is available to comment on the Volkswagen emissions cheating. Prentice Director of the Ethics Unwrapped program and chair of the Business, Government and Society department at Insights Consulting. Statement from Prentice: "The wages of sin should be clear to VW. In light of the emissions scandal, its market cap dropped more than $17b, it had to set aside another $7.3b to face future fines and penalties, and its attempt to make new headway into the American market has surely been substantially delayed if not defeated altogether." Source:
