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Ban on Cryptocurrency Ads Not Good for Consumers
Starting in June, Google will no longer allow any advertising about cryptocurrency-related content. It’s a hard move, but the online giant is following in the footsteps of Facebook who initiated similar measures at the start of 2018. While a potentially lucrative and growing marketplace, there’s still a lot of hesitation and concern about potential scams. Google's director of sustainable ads, Scott Spencer recently said in an interview with CNBC: "We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution.” So, is banning ads promoting cryptocurrencies the right thing to do? "Google's ability to censor these ads is exactly why decentralization and censor-proof media and currency is so important," says David Noble, director of the Peter J. Werth Institute for Entrepreneurship and Innovation. "Do people want Google to make the decision as to what they can and can not see? Where do they draw the line," Noble asks. Noble focuses on technology entrepreneurship in the digital economy. He is often sought out by media for his perspective and insight regrading cryptocurrencies and technology. David is available to speak with media, simply click on his icon to arrange an interview. Source:
It’s time to invest early in your child’s financial literacy
April 20 is Teach Children to Save Day. It's an educational program established by the American Bankers Association (ABA) to encourage kids to develop good savings habit as early as possible in their financial life. But is it necessary? When kids should be playing and having fun, is getting a head start on economics a bit heavy? The reality is – a quiz about personal finances offered last year by Financial Engines saw only 6 percent of Americans pass. That means a staggering 94 percent of Americans didn't have a confident grasp on financial literacy. Bad financial choices can last a lifetime and that's why it's best to start young, and develop sound habits and wisdom as early as possible. So, what do Americans need to know and do about becoming financially literate? What are the potential consequences to not just Americans, but the country’s economy if we remain a nation that’s basically ignorant to the value of a dollar? Dr. James Philpot, certified financial planner and associate professor of finance and general business at Missouri State University, can address the costs of financial illiteracy and explain how to teach kids about money matters. Click on his icon to set up an interview with him. Source:
Trade wars – is America’s economy collateral damage?
There’s been a lot of tough talk on trade coming from Washington as of late. With debates and even some delusions about trade surpluses and deficits,it’s feed for the political fodder, but are the politics behind the talk negatively impacting America’s economy? President Trump says he is standing up for American jobs, but by threatening to tear up NAFTA and imposing billions in tariffs on China, is starting a street fight with America’s traditional trading partners worth it? The common folk might think so. However, those who control the markets on Wall Street think not. The DOW is down. A lot. The NASDAQ is also falling. That means a lot of money is being lost and the ripples might be felt by middle America in the form of lost jobs. So, what exactly happens in a trade war? Is America truly getting the raw deal President Trump is claiming when it comes to doing business with China, Canada, Mexico and others? What will come of all the tough talk on trade? How will it impact the economy? There are many questions and issues to consider. That’s where the experts from Missouri State University can help. Dr. David Mitchell is a professor of economics and director of the Bureau of Economic Research at Missouri State. He is also an expert in economic forecasting and understanding market trends and direction. He can address what these trade wars will do for America's economy and what, if any, effects they will have on the American people. Click on his icon to connect with him. Source:
What will Donald Trump’s National Defense Strategy mean for Americans and its citizens?
The Department of Defense recently published an unclassified synopsis of the Trump administration’s first National Defense Strategy (NDS). The document, is missing the usual and sometimes expected Trump-like rhetoric of ‘America First’ and instead focuses on a balanced and cooperative approach among nations. At Augusta University, our experts have been examining the strategy, they have found that within the NDS the following stood out: • More money will be spent on military, private military contracting firms and cyber firms. This could benefit the local economy but does show that we’re worried. • Our military is growing more high-tech with artificial intelligence and robotics. The future of warfare could start to resemble something out of Hollywood. • For the last two decades, we were concerned with small-scale wars, counter-insurgency and counter-terrorism. Now, we are preparing our military for a Great Power War. In other words, we are preparing for a WWII type engagement, versus Iraq or Afghanistan. • Trump’s policy is very assertive whereas Obama’s policy was more conciliatory and forgiving in nature. • We are clearly focused on reasserting ourselves as the superpower. But what will this mean for every-day Americans? Will it be a boost to our economy as we invest in our military or will it mean other programs suffer as a result? Are we on the verge of another cold war? There are a lot of questions to answer – and that’s where our experts can help. Dr. Craig Albert is an expert on American politics and political philosophy. He was recently appointed director of Augusta University’s new Masters of Arts in Intelligence and Security Studies. Dr. Albert has experience with all forms of national and local news organizations and is available to speak to media regarding Donald Trump’s National Defense Strategy. Simply click on his icon to arrange an interview. Source:
Trade, security and America First – Does Donald Trump’s new National Security Strategy make sense?
On Monday, President Donald Trump released his National Security Strategy. In a bold delivery that was almost more of a campaign speech than a policy announcement, President Trump was focused on terrorism, dictatorships, cyberterrorism and even referenced immigration as a potential threat to national security. Trump referred to China and Russia as "rival powers" who "seek to challenge American influence, values and wealth” but seemed more diplomatic than worried. "We will attempt to build a great partnership with those and other countries, but in a manner that always protects our national interest," Trump said But what will this mean for the Trump Administration and America moving forward? Will America’s polices become more assertive? Will the pursuit to eradicate ISIS and terrorist threats expand? Trump also referenced trade, never leaving out the opportunity to maintain his agenda of keep America’s economy and his efforts to strengthen it on the public’s radar. But what does this have to do with national security? There are a lot of questions still to be answered. That’s where the experts from Augusta University can help. Dr. Craig Albert is an expert on American politics and political philosophy. He was recently appointed director of Augusta University’s new Masters of Arts in Intelligence and Security Studies. Dr. Albert has experience with all forms of national and local news organizations and is available to speak to media regarding this latest development in Washington. Simply click on his icon to arrange an interview. Source:
Discrimination in the Shared Economy?
Is there a discrimination problem in the shared economy? According to research by Emory University’s Ruomeng Cui, users whose names suggest a certain race could result in discriminatory acts, particularly ignored or denied requests. Cui and her colleagues set up fictional, thinly-populated Airbnb accounts with traditional Caucasian and African American names. Requests from African American names were accepted nearly 20 less often than those from guests with white names. The average acceptance rate of white guests was 48 percent compared to 29 percent among African-Americans. But, by simply adding a positive review to the fictional account, results balanced — 56 percent acceptance for white guests and 58 percent for African American guests. Even negative reviews were found to eliminate discrimination in guest selection. "This shows the cause of discrimination stems from the lack of information,” Cui says. Users put more weight on details that are less obvious than names or perceived race, such as reviews and anecdotes. Cui and colleagues recommend platforms such as Airbnb, Uber, Lyft, LetGo or OfferUp encourage users to provide reviews and feedback whenever possible in order to eliminate discriminatory practices. Source:
Another Big Short or Better Off? 10 Years Later – Is there Another Financial Crisis Looming?
It was 10 years ago Wednesday that the world changed for just about everyone. It was on that afternoon when BNP Paribas announced it was ceasing activity in three hedge funds that specialized in U.S. mortgage debt. BNP Paribas was the first major bank to acknowledge the risk of exposure to the sub-prime mortgage market, and many look back at those days as the start of the worst financial crisis in American history since the stock market crashed in 1929. For a decade, America has been in a state of recovery. It took trillions of dollars in stimulus and bail outs. The real estate market almost collapsed on itself and millions were left unemployed. Some are still incapable of finding work and income that matched what they made back then. On the outside, America seems to be in complete recovery. Housing prices have bounced back, the DOW is soaring and unemployment rests at just 5.1 percent. However, some are skeptical. Americans are borrowing again at record rates. Credit is once again being offered abundantly and as people spend again – risk is climbing. Add in China’s shaky economy and there’s also talk of a double-bubble bursting. Understanding finance and economics is no easy task. It takes global understanding, a keen eye on micro and macroeconomics and sometimes a crystal ball. But on Wednesday, many people will remember exactly what they were doing when America’s economy tanked. So where are we now? Have we learned our lesson or are we doomed to repeat ourselves? Have the reforms on Wall Street worked or can the actions of a few big banks still derail one of the strongest financial engines in the world? None of these are easy questions to answer or explain. But experts from Missouri State University can help. Dr. David Mitchell is a Professor of Economics and Director of the Bureau of Economic Research at Missouri State. He is also an expert at economic forecasting and understanding market trends and direction. Dr. Mitchell can speak to the anniversary of the financial crisis and what may lie ahead for America’s economy. Click on his icon to arrange an interview. Source:
On July 18, 2017 the federal government announced proposed tax changes which will have a significant impact on business owners. The main premise of the proposed changes is that the government feels it is unfair that an employed person with a T4 cannot do the same tax planning as a business owner; the proposed changes will limit what a business owner can do to save or defer tax. Here is a list of the areas that are impacted from the proposed changes for business owners: income splitting, capital gains exemption, pipeline planning, and the investment of retained earnings. These proposed rule changes are far reaching and will have a significant impact on small business owners/entrepreneurs, the very people often recognized for driving the economy and employment. The government has requested commentary from all stakeholders, but the consultation period is short – comments must be received by October 2, 2017. Don Scott, FCPA, FCA is a Partner and the Director of Tax Services at Welch LLP in Ottawa and is an expert in the fields of business, corporate taxation and finance. He is an excellent speaker and is available to speak with media regarding this important topic. Simply click on Don’s icon to arrange an interview. Source:
On Thursday, President Donald Trump announced that the U.S. would abandon the Paris climate accord. During his speech, Trump cited disputed numbers showing that the accord would result in a minimal change in temperature over time. Daniel Peppe, Ph.D., associate professor of geosciences in Baylor University's College of Arts & Sciences, studies ancient terrestrial ecosystems and how they have been influenced by environmental perturbations, such as long- and short-term climate change events. He works to recreate those ecosystems. Peppe argues that one goal of the Paris accord -- developing a strategy to keep the average increase in global temperatures to less than 2 degrees Celsius above pre-industrial levels -- is integral to warding off future disaster. He said: "The Paris Agreement represents a really significant moment in history in which the countries of the world agreed that reducing greenhouse gas emissions was fundamentally important to help reduce the most significant effects of climate change around the world. The agreement developed a strategy to keep the average increase in global temperatures to less than 2 degrees Celsius above pre-industrial levels. Crossing that threshold of temperature increase is likely the point where warming will push the Earth to a climate state that last existed millions of years ago -- one that is fundamentally different from today. Reconstructions of climate, the Earth, and its biota from the last time Earth was in a similar climate state indicate that sea level was dramatically higher, which would mean that many major cities around the world would be flooded; and many places on Earth were hotter and drier and the distributions of plants and animals on the landscape were very significantly different, which would have catastrophic effects on modern agriculture, water use and society." Source:
