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

WALMART TO HIRE CLOSE TO 1,000 TRUCKERS IN 2019

ECONOMIC & FINANCE REPORT

Walmart will be hiring close to 1,000 new truck drivers in 2019. The truckers who are seasoned throughout the year, being apart of the Walmart trucking program. Walmart drivers (whom have senority) will be attaining an increase in base salary to $90,000.

In 2018 Walmart hired 1,400 truck drivers, to stream line their trucking business. Their truck driver turnover is one of the lowest in the industry and Walmart has indicated they want it to stay that way. To increase the recruits of truck drivers, Walmart has upped the ante by improving base salary, vacation days, and onboarding systems to assist their drivers better on the job,

Truck drivers shortages seems to be the main concern in 2019, data by the American Trade Association (ATA) indicates truck drivers for the past 20 years have been hovering around the 3 million to the 3.5 million drivers mark in the USA. There has been a short fall of drivers, even though freight volume has will be increasing to over 35%, within the next decade. -SB

UBER IS EXPANDING IN AFRICA…………………AND BEYOND…………….

uber pic

By: Economic & Finance Report

Uber will be expanding its African operations throughout the Africa region. Uber already operates in Nigeria, South Africa, and Kenya. It will be expanding fleet and services in Ghana, Tanzania and Uganda. In South Africa, Uber will be developing its cash payment system, and experimenting on the system as well.

The cash payment system in Kenya is already productive so they are expanding in South Africa and eventually other countries within Sub Sahara Africa. Uber is expansion is phenomenal, as it engages in the world in transportation and media communication. Stay Tuned to new developments. -SB 

Drivers of the Future Economy: The Three Ignored Forces Shaping Business and Our World

 

3forces

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

In our present political discourse for the sixteen elections, candidates are talking about income disparity, climate change and how American business is doing quite well while the lives of a preponderance of Americans continues to deteriorate. With gay abandonment, candidates stand before eager crowds expounding how they intend to rectify all this if elected. And never a word about how they intend to do it, other than more of the same. Low taxes, low interest rates, more government regulation, income redistribution, laws banning this or that to equalize all the people. But none show any comprehension of why our present economy is the way it is, no idea what forces are at work causing changes to the world we live in.

There are three major forces now at work, which are pressing so many people out of the social-economic system. These are: 1) The high cost of keeping each individual in a high technology society, 2) The alienation of people as they allow themselves to fall further and further behind, coupled with 3) Advancing technologies which are increasingly replacing people at their jobs. The high cost of keeping individuals in our modern society is the cost in terms of natural resources, minerals, water, arable land, energy, pollution, climate change … oil … especially the oil! Most people have already forgotten that the near economic collapse was precipitated by the sudden spike in oil prices in 2007, the shock waves causing the collapse of major

financial institutions. This spike was predicted by M. King Hubbert’s modeling of world oil production1, and further concludes that oil will continue to be a diminishing critical resource into the twenty-first century. Diminishing water supplies across the world is a growing problem for producing food, and the only real answer to global warming is to reduce the human population.

With America’s service or hyper-consumerism based economy, these three forces point to long term profound influence on the economy, as it restructures itself to a new environment. With people becoming more alienated in the society they live in, because they fail to advance technologically, they are less and less able to make substantive contributions to society and the economy. This coupled with the high cost of keeping individuals in our advanced technological

society, is causing people to be sloughed off from the economic system to be come burden. And on top of all this, the third force of technology is creating the means and machines to replace the jobs of those discarded people, meaning there’s little future for them. In being so backwards and behind, there is little chance of displaced people regaining a toe hole in the twenty-first century to resume being contributors.

This is the reason for the growing income disparity in America, and why business in America is doing relatively well, while so many Americans are not. And because this fundamental fact is ignored, no solution can ever be found to address this problem. Those candidates who gleefully stand before cheering crowds proclaiming how they are going to reverse this situation, have no idea what is driving the problem, let alone what must be done to at least halt the process … let alone reverse it. No one is addressing the painfully glaringly fact that these are people which the twenty-first century does not want, does not need, and has no use for. How can any rational modern person consider they can solve any problem, when they DON’T have any understanding of it? It’s the height of absurdity!

It’s the third force of technology displacement that allows these other two forces to come into play full force, because now there isn’t any driving need to keep these people in our economic system. This is why none of what these candidates are preaching about the economy has any substance whatsoever. Why elections at all levels have become home coming queen elections with no real bearing on the problems people are facing. While it is easy to just ignore the plight of these people, in actuality, with the continual growth of technology, this problem will just continue to grow as more people are cast off by obsolescence. Therefore, the burden of useless people will continue to grow, slowing pulling down the rest of us. It’s a problem that won’t go away, and can only be addressed by fully understanding the problem in depth. There’s no way to just stop things … to just have the world stay the same as today, simply because technology continues to advance, so the means of technology displacement will therefore continue to grow. Furthermore, there isn’t some super evil person or some small secret malevolent sinister group who is controlling technology and therefore something that is controllable by the legislative process. The process is driven by the sum total of tens of thousands, hundreds of thousands of individuals making individual decisions in their own self interest.

In today’s political discourse, if you are not talking about obsolete people, then you are talking absolute nonsensical gibberish! It’s that central to our financial and economic well being.