Jeff Bezos Earth Fund: What to Expect in the Upcoming Years
On February 17th 2020, the richest man alive announced that he will donate about 8% of his fortune to fighting climate change. Jeff Bezos, the founder and one of the current shareholders of Amazon, made this announcement through his Instagram account saying that he will donate 10 billion USD to fund “scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.” After seeing that post, many people had the same question in their mind: Where exactly will this money go?Continue Reading
California’s Fight Against the Gig Economy
Graphic Designed by Katharina Giebel BRB Bottomline: Changes in technology and business models have created the opportunity for millions of people to participate in what is now deemed the gig economy. Companies such as Uber, Lyft, DoorDash, and Rover are leading the forefront of this new economy by empowering workersContinue Reading
Rideshare vs. Carshare: GigCar Dives into the Fray
If you are someone who even just occasionally uses Rideshare companies like Uber and Lyft, then you’ve probably noticed how expensive these services are starting to become, even for short trips and with options like “Lyft shared” or “Uber Pool.” Here’s an estimate for the Uber and Lyft pricing for an actual trip I recently made, for around 2 miles worth of total travel. Continue Reading
Street Papers: The Importance of Newspaper Vendors in an Age of Digital Journalism
If you’re not from a large city, the following sight might be unfamiliar to you: a vendor on a busy street with a stack of newspapers, offering you an issue in exchange for a dollar or two. If you are in Berkeley, the title of that paper will often turn out to be the Street Spirit — the city’s own street paper.Continue Reading
Turning on Auto-Pilot
There are many justifications for this sudden surge in demand for Tesla stock; however, does any permutation of such reasons warrant a $60 billion increase in market valuation, , especially since Tesla is yet unprofitable?Continue Reading
A Crash Course in Bonds
Want to make a steady stream of income without the hazard of stocks? That’s what bonds can do. Learn about some treasury bond opportunities outside of the US and how to read bond credit ratings.
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Fear of the Coronavirus spreads waves of Xenophobia Globally
Chinese officials recently confirmed over 31,161 cases of the new coronavirus, furthering a global wave of panic. This number surpasses that of SARS, a similar respiratory infection that spread across China, which killed nearly 800 people and cost almost $40 billion worldwide between 2002 to 2003. Continue Reading
Gender oriented climate action: How we can tackle two of the biggest problems facing the world right now
The economic and social impact of climate change has become increasingly evident in the past few years. According to the World Economic Forum, the four biggest risks facing the world are failing to adapt to climate change, human-made environmental damage, biodiversity and ecosystem loss, and natural disasters—all related to and caused by climate change. Continue Reading
An Update to Your Credit Score
FICO Score 10 Suite has just been announced, so what does that mean for you? With average credit scores at an all time high but ever increasing total household debt in the US, the new FICO scoring model is intended to improve consumer behavior predictions and may cause a change in your credit score. Will these changes be advantageous or disadvantageous to you?Continue Reading
Chained to Ratings
Why International Banks Struggle to Innovate in a Strict Ratings Market. The last time credit ratings probably played a major role in your life—if in fact they ever did—was during the 2008 Financial Crisis. As the canonical story goes, crediting institutions packaged subprime loans, often at B or C level confidence, as reliable A level bonds so that banks could extend their lending power.
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