The Central Bank of China instituted key interest rate reforms on Saturday, August 17, 2019. The China’s Central Bank did this to help companies and corporations with borrowing costs.
China has been suffering from the trade war with the US. The lower interest rates could help companies with lowering their borrowing costs. The central bank will be trying to improve thier interest rates, which will then assist these companies in borrowing costs that would be minimal.
China’s State Council indicated they want the country to focus on market based reformation, which will then lower real interest rates significantly. -SB
Two of the country’s largest newspaper companies will be merging and creating one huge newspaper media conglomerate. New Media Investment Group (NYSE: NEWM) will buyout Gannett Co. (NYSE: GSI) for $1.38 billion dollars, in cash and stock options.
The closing of the deal is supposedly going to be complete at the end of 2019. New Media and its satellite company GateHouse Media will operate under Gannett Co. and also be headquartered in Virginia, where Gannett is also located. -SB
Square Cash App scored a huge win, with their 2nd quarter earnings. The majority of their $125 million earnings came from Bitcoin revenue.
Bitcoin revenues gave Square Cash App, two extra million in gross profits. There has been speculation that the extra revenue is from the trading of Bitcoin, which is able to be used on the Square Cash App platform.
Square revenues have been steadily increasing over the past year, so it is no surprise that because of Bitcoin, Cash App profits have amassed greatly. -SB
And Yes We’re Back Like Never Before. It’s the EFR Podcast Show featuring me (Sammy BE/Bizman Bassey) @EcoFireTV, James Lyman @ObsoletePeople & on the boards Jon Don Sterling @TheDramaBlock.
On this episode #33, the group interviewed social media manager Keith Dorsey @YoungGunsCEO. He happens to assist managing the careers of online mega stars such as RobbiiWorld, Hollywood Dollz & Woah Vicky.
came on the show to discuss social media presence, online platforms,
attaining a lucrative online following and base, as well as productive
advise for young entrepreneurs, trying to thrive in media… This is an
episode you got to listen to…..
Etsy has stated that it will be aquiring Reverb for $275 million. Reverb is the musical instruments online platform.
Reverb considered to be one of the world’s leading marketplaces for musicians; was created in 2012, in Chicago, IL. The platform is one of the leading musician websites, curated for musicians by musicians.
Etsy which is based in NYC, has recently been aquiring new media businesses but nothing of an aquisition in this caliber. With this acquisition new things shall arise in the music front. -SB
And We’reeeeeee backkkkkkkk like we never left, its Bizman Bass (Sammy BE) @EcoFireTV & the extravagent Luisa L. @LuisaModels, and of course on the engineering boards Jon “Da Don” Sterling @TheDramaBlock.
4th of July/July 4th (Indy-Pendence Day), to all Americans and patriots
around the world…. This exciting show features a smoking hot
(sonically & musically)billboard dance chart topping artist. She
goes by the name of Elexis Ansley @ElexisAnsley.
has been doing her thing in the Electronic Pop/Dance/EDM/Techno space
for a minute, and she has been able to reach Billboard Dance top charts
Top 20, actually reaching #15 on the Billboard Dance Charts, which is very impressive.
She came on #TheCast to discuss her musical endeavors, charting on Billboards and her other projects which include acting….
This is must listen to podcast episode #7…. #TheCast
WE ALL HAVE AN OPINION. IT’S JUST HOW USE YOURS……..
Certain studies have indicated there seems to be disparities between hourly wage jobs and workers who work on the clock hourly. Certain contributions can be urban development in metropolis cities, need for more experienced workers in certain job fields, and growth in urban environments.
In a study by Urban Institute and reported by Yahoo Finance. Affordable housing is hard to come by to hourly wage workers, and gentrification in major metropolis urban areas such as NYC, San Francisco, Los Angeles, Boston, are making it harder for hourly workers to make any sort of living, the Urban Institute provides.
Housing development in major cities tend to be way more in rentals, then in smaller cities or rural areas but conflicting accounts tend to point any one direction? As in regards to the root of the problem. Noone has figured it out yet, whether it’s local politicians to the the developers themselves… Answers have not been provided to address the problem as whole. So this “everybody for themselves mentality” is dictated for survival to many who work hourly wages. -SB
Credit:Urban Institute Study: https://www.urban.org/features/too-far-jobs-spatial-mismatch-and-hourly-workers