IS THERE A GAP BETWEEN JOBS & JOB SEEKERS? STUDY SAYS THERE IS…….

Image Credit: DiscoveryJobNetwork.org

By: Economic & Finance Report

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

Credit: Yahoo Finance News: https://finance.yahoo.com/news/nyc-san-francisco-housing-crisis-impacting-job-market-190940308.html

SHADE-Y SCAMMERS : THE CAST PODCAST EP. #5

#TheCast latest podcast episode is amust listen to. The click discusses shade-y entertainment and media deals, as well as heartless tactics that also take place in the entertainment business.

This is an episode you must listen to. AS ALWAYS, WE ALL HAVE AN OPINION, IT’S JUST HOW U USE YOURS…..

The Cast Ep. #5

THE FUTURE IS NOW: SELF DRIVING FREIGHT BEING USED BY USPS

By: Economic & Finance Report

USPS has entered the autonomous freight hauling industry. For some who may not know what I am referring to? What I am stating is that the United States Parcel Service will be testing driver less freight trucks, for hauling their parcels. They will be entering a market that technology giants such as Google, Tesla, Uber, Lyft and other transportation manufacturers have also ventured into, such as Ford, General Motors, Chrysler, to name a few.

USPS has indicated these “self driving freight” vehicles are essential in delivering packages in a timely fashion, saving time in delivering parcels and also being cost effective at the same time.

The United States Parcel Service will be utilizing the service of TruSimple (a San Francisco based tech startup) in customization and evaluating the presence the free wheeling driver-less freight vehicles, particuraly to enhance production and safety developments. Here is to fearless driving. -SB

BED & BREAKFAST U SAY??? GOLDMAN SACHS (GS) IN NEGOTIATIONS TO BUY B&B HOTELS!!!!!!!!!!!!!!!!!

Image Credit: Bitcoin.com

By Economic & Finance Report

Financial investment power house Goldman Sach (GS); is in negotiations to aquire B&B Hotels and all its subsidiary chains. They will be acquiring the chain from PAI Partners (French hospitality investment firm).

The purchase will happen in the latter part of 2019. The deal is supposed to be worth around $2.2 billion (USD). B&B Hotels has over 486 hotels (in total). The company was founded in 1990 and operates in the hospitality market in countries such as Brazil, Morrocco, and many Euro countries.

GS merchant banking division will be pursuing the close of the transaction, which is supposedly going to happen later this year (2019). -SB

UBER STOCK TANKED, AFTER IT’S IPO HIT THE MARKETS!!!!!!!!!!!!!!!!

By: Economic & Finance Report

Uber the rideshare tech company, its stock tanked on its first official trading day on the NYSE, Friday, May 10, 2019 will be a day of turmoil on the Uber corporate calendar. It was a horrible trading day for the mammoth ride sharing tech company.

Uber declined close to 8% during the stock market trading day. The stock plummeting so much (in which it did), is the first time any stock has come out the gates on Wall St and lost so much market share. The valuation of Uber was at $76 billion dollars, when analysts had predicted that it would be valued around $90-$100 billion dollars, well that didn’t happen. Not only that, Uber has been bleeding money and the perception is that, Uber won’t actually make any real money until the year 2024, hopefully.

Uber being one of the biggest IPO companies probably since Alibaba, Facebook and a few others. So it to falter as it did was a shocker to some and to others, not so much. Technology companies tend not to fare well in the beginning of their IPO presence. Facebook had a rocky start coming out the gates and other big tech companies before it, have gone through similar revelations.

It’s the test of time that will dictate the longevity of Uber’s existence and if they can navigate their ship in theses rough and turbulent stock market waters. -SB

EFR PODCAST EP. #32: TAX SZN

We’rrreeeeeeee back new episode of the EFR Podcast with your hosts Businessman Bassey (Sammy BE) @Ecofiretv, James Lyman @ObsoletePeople (finally getting a twitter handle), and on the engineering boards Jon “The Don” Sterling @TheDramaBlock.

The trio discussed the tax season in the U.S. of A, month of April, as well as topics ranging from President Donald J. Trump’s tax returns, American citizen having to pay taxes (or if you don’t want to, face the penalty & consequences), @ YOUR OWN RISK, of course.

As well as topics, such as Herman Cain & Stephen Moore possibly being nominated for the prestigious Federal Reserve Board; then both gentlemen dropping out from the nomination process; and plenty of more economic, financial and business discussion topics…..

This is a must listen to episode, for your ears…

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Check Out Our Online Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2)www.twitter.com/ObsoletePeople (James Lyman)

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4)@Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

THE CAST PODCAST EP. #5: MIDWEST GRIND FEAT. YOSON TALA

#TheCast Podcast back @ it again….. Sammy BE @EcoFireTv, Luisa L. @LuisaModels & on the mixing boards Jon Sterling @TheDramaBlock.

We are back like we never left of course, we had the pleasure of interviewing hip hop artist and musician Yoson Tala @Yoson_Tala007. Many people might know Yoson from being on tv shows, such as the @BadGirlsClub (Oxygen) & hit tv show on Fox @EmpireFox, he has been featured on Showtime’s @ShoTheChi & NBC’s @NBCChicagoFire, just to name a few.

Yoson @Yoson_Tala007 came on #TheCast to discuss his musical endeavors, taping current episodes for Empire, his upbringing in Gary, Indiana and Chicago, IL, as well as what strip clubs he enjoys (Luisa L @LuisaModels chimes in * ;)* wink*….and much more ..

This is an episode you want to tune in for….

THE CAST PODCAST EP. #5: MIDWEST GRIND FEAT. YOSON TALA


HERMAN CAIN TO BE NOMINATED FOR FEDERAL RESERVE POST…….

Image Credit: Wikipedia.Org

By: Economic & Finance Report

President Trump is set to nominate Herman Cain for the US Federal Reserve Board of Governors.

Herman Cain was a former presidential candidate in 2012. He also served as chairman of the Kansas City Federal Reserve Board. His business background includes being the President/CEO of Godfather Pizza, CEO of National Restaurant Association, and being on boards such as Nabisco, Whirlpool, & Reader’s Digest.

Mr. Cain to be on the Fed Board, would have to pass an extensive background check and Senate confirmation process.-SB

IN THE NEXT DECADE MILLENNIALS & GEN Z WILL SURGE THE REAL ESTATE RENTAL MARKET……..

Image Source: Money.com

By: Economic & Finance Report

According to Yahoo Finance, Morgan Stanley real estate analysts have predicted that millenials and generation Z will account for a seven percent increase, in home ownership within the next ten years.

Lookout Gen Y’ers and Baby Boomers, Millennials and Gen Z will be outpacing you guys when it comes to real estate rentals, over the next decade.

Morgan Stanley analysts have indicated that millennials and gen Z will increase the rental market by an extra two million units within the same ten years.

Although millennials and generation z are still approx. eight percent lower in homeownership, then baby boomers and generation y; when both groups were at the same age, times are changing. -SB.

Source: Yahoo Finance, Urban Institute (2018 Housing & Finance Study)