3 June 2019

1) The rife between China and America stands to grow deeper with less chance of resolving relationships, with China threatening a hit list of ‘unreliable’ foreign firms. These are individuals and groups who they consider harm the interest of Chinese companies. The threat is retaliatory tariffs on U.S. goods imported into China. These last two weeks have been a war of words as the nations exchange economic threats.

2) Chicago based nursing home chain collapses leaving the federal government on the hook for millions of dollars. First sign was when the owners stop making mortgage payments in 2014. Reportedly, money meant for the thirteen nursing homes were diverted to prop up another investment. This failure is revealing the problems that HUD is having in helping obtain facilities for the elderly by providing affordable loans.

3) Trade wars may expand again with threats by President Trump to impost a 5% tariff on goods imported from Mexico, if Mexico doesn’t do more to stop the flow of illegal immigrates. Tariffs are due to start on 10 June, and will increase in 5% increments until the flow halts. This is coming at a time when more Mexican immigrates are returning to Mexico than are coming, highlighting that the immigration is from other South American countries.

4) 31 MAY 19 Stock market closings: Oil prices sink toward worst May in 7 years from trade war fears.

Dow           24,815.04    down    354.84
Nasdaq        7,453.15    down    114.57
S&P 500       2,752.06    down      36.80

10 Year Yield:    down   at    2.14%

Oil:    down   at    $53.36

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


RICO RECKLEZZ NEW SINGLE: “WHERE U FROM” feat. PRINCE EAZY…

By: Economic & Finance Report

Got off the jack with King Dave (Rico Recklezz manager), they just finished the video for the hot single ” Where U From”.C heck it out below…

New Single by Renegade Commander Rico Recklezz… check it out the new single “Where U From”, off of Rico Recklezz’s latest mixtape Call Recklezz…. Single is called “Where U From” feat Prince Eazy….. Check bio below -SB

EFR Podcast Episode 10 Millennial Indie Grind Series 2: WINDY CITY TAKEOVER feat. RICO RECKLEZZ

rico-recklezz

Economic & Finance Report

Biz-man Bassey (Sammy BE) got an opportunity to interview Chi-Town’s very own, Rico Recklezz. Interview was apart of the EFR Podcast “Millennial Indie Grind Series”, that we have begun to enhance @ Economic & Finance Report.

We discussed with Rico’s on his economic & financial upbringing, coming from the streets, being in poverty, and also being raised in Southside Chicago, &  of course the attention Rico’s massive online presence and accolades have brought him and his brand….

Check out the rest of  the interview below… -SB

RICO RECKLEZZ & KYNNGG 2 YOUNG TALENTED ARTISTS : NO BEEF ONLY GETTING $$$$MONEY$$$$

rico-recklezz-kyyngg

By: Economic & Finance Report

Sammy BE aka Businessman Bassey aka Financier Bassey… Ur favorite businessman’s FAVORITE BUSINESS-MAN…

Just got off the phone with manager’s of  RICO RECKLEZZ (Chicago King Dave) & KYYNGG (Hotel). We were on a conference call, both bosses of the talented artists, spoke to each other as MEN & AS BOSSES DO…Resolving any issue that may have been presented online via respective online media sources and outlets…..

There is NO BEEF, NO HOSTILITIES, NOR ANY ILL WILL amongst KYYNGG & RICO RECKLEZZ; as a matter fact both may work or collab on something HUGE (*Donald Trump voice*) in the future……

Both managers of (Rico Recklezz & Kyyngg) exchanged phone #s & pleasantries, and something good may be brewing between both artists, maybe COLLAB, TOUR…. MAJOR $$$$$$ I envision.

Both artists Rico & Kyyngg know their value to the hip hop game and the massive following that both have online….

When it’s Economical and Financial, Economic & Finance Report is on it first.

Both young men are talented and will be doing phenomenal things in the future… U CAN BET ON IT……

Will Soon have interviews with RICO RECKLEZZ on the EFR Podcast

& the KYYNGG interview is on soundcloud now, link below….

Alright, Signing OFF This

INTERNATIONAL & GLOBAL MODERATOR, UNIFER & ARBITRATOR…

SAMMY BE “BUSINESSMAN BASSEY”

*SALUTE*-SB

TECHNOLOGY RIDE SHARE COMPANIES UBER & LYFT ARE EARNING WAY MORE THEN YELLOW/GREEN CABS & TAXIS!!!!!!!

uber-lyft

By: Economic & Finance Report

It seems that Uber and Lyft are crushing the competition in the customer service ride share industry, if that is even an industry to say the least; these two mega companies created and infiltrated ride share customer service. While they are in the forefront of picking up customers through their online apps, taxis and cabs in metro areas like NYC, Miami, Chicago, Atlanta, LA, San Francisco are taking hits and seeing major declines in customer pick ups.

Taxi and cabs are increasingly losing value as the ride share tech giants are taking over the industry, revenue for cabs have gone done drastically even though cabs pickup more people in metro areas such as New York City, statistics show  in NYC, taxis in the city picked 450k-500k passengers in April 2016 as compared to Lyft’s & Uber’s 200k passengers combined according to stats provided by Morgan’s Stanley. Though taxis and cabs picked up more people during that time period; their revenue did not come close to what Uber/Lyft  made during that month of April.

It looks like Lyft and Uber are giving cab/taxis a run for the their money, or  at least “a ride for their money”. -SB