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Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease

Bell Works Chicagoland, the former AT&T corporate campus and Chicagoland’s first ‘metroburb’ —  a self-contained metropolis in suburbia — today announced it has signed an 11-year lease with Heritage-Crystal Clean (HCC), Inc. (Nasdaq: HCCI), marking the company as the building’s largest tenant to date.  Bell Works Chicagoland will become home... The post Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease appeared first on Real Estate Weekly. Bell Works Chicagoland, the former AT&T corporate campus and Chicagoland’s first ‘metroburb’ —  a self-contained metropolis in suburbia — today announced it has signed an 11-year lease with Heritage-Crystal Clean (HCC), Inc. (Nasdaq: HCCI), marking the company as the building’s largest tenant to date.  Bell Works Chicagoland will become home to HCC’s national headquarters in August 2022. The publicly-traded environmental products and services company will occupy one full quadrant on the building’s third floor, consisting of 32,000 square feet, plus an additional 7,000 square feet of space on an adjacent quadrant. Its offices will be designed by NELSON Worldwide. “The continued interest we’re seeing for our thoughtfully designed spaces is a testament to the needs and priorities of today’s workforce,” said Ralph Zucker, President of Somerset Development, the developer behind Bell Works Chicagoland. “Companies are proactively seeking environments that not only enable their teams to flourish, work collaboratively, and think creatively, but also reflect the core values of their business. Like us, HCC is a company with a deep passion for sustainability and innovation, and we’re excited to welcome them as the newest tenant at our growing metroburb.” Founded with just 12 employees in 1999,  HCC will bring its team of 180 workers from its longtime home in Elgin, Illinois, to the metroburb. The space will support the core functions of the company while simultaneously encompassing HCC’s sustainability-driven mission and the natural surroundings of Bell Works Chicagoland, which includes reclaimed wetlands. Notable features of the headquarters include four custom branding areas, two of which showcase HCC logos made completely out of recycled materials, a testament to HCC’s brand, while the remaining two represent HCC’s vision, mission, values, and customer experience. The floor plan and interior design were thoughtfully prepared to integrate the workspace with the concept of nature and walking through a wooded path, offering employees access to daylight with ergonomic sit/stand desks and chairs placed along the exterior of the layout. A large cafe for gathering and entertainment will be equipped with a ping pong table, TV, and multiple seating arrangements. There will also be built-in cupboards for recycling glass, plastic, paper, and batteries throughout, keeping sustainability a priority on all levels. Customized meeting areas from individual niches to medium-sized conference rooms and a large-scale boardroom will promote flexibility and collaboration throughout the space. “As a National Environmental Services Company dedicated to sustainability and corporate social responsibility, Bell Works Chicagoland was a natural fit when deciding where to relocate our headquarters,” said Brian Recatto, President and CEO at HCC. “The metroburb encompasses all of the priorities and preferences of our team — from highly collaborative, open spaces to flourishing natural light and the surrounding nature-filled landscape. Located just a short distance from our original headquarters, the space will be conveniently located for our staff and set us up for continued long-term success.” Founded in 1999, HCC is a leading provider of parts cleaning, hazardous and non-hazardous waste services, used oil re-refining, antifreeze recycling and field services primarily focused on small and mid-sized customers. Today, the company has approximately 1,400 employees nationwide, with 120 locations and 91 branches across 47 states.  In 2021, Bell Works announced Platinum Home Mortgage (‘PHMC’) signed a long-term lease to join the office community at Bell Works Chicagoland. The company now occupies 22,000 square feet spread across three dedicated office spaces at the metroburb. Headline Solar also recently joined Bell Works’ growing list of office tenants, and occupies 15,690 square feet with another 15,000 square feet available for potential expansion. Other occupants include CPA Advisors Group, a boutique full-service accounting firm; Mosquito Hunters, a locally-owned residential and commercial mosquito control company; and The Next Unicorn, an equity crowdfunding firm. Recently, Bell Works Chicagoland also celebrated the grand opening of coLab, the official coworking membership experience at the property. Spread across 15,000 square feet, the new coworking facility offers flexible lease terms and workspaces, including access to dedicated conference and meeting rooms, lounges, and state-of-the-art amenities. coLab was designed by Paola Zamudio and her team at NPZ Style & Decor, who also led the transformation of the interior at the metroburb.   The metroburb additionally features 60,000 square feet of ground-floor retail and restaurant space, which provides both members and visitors alike with an eclectic mix of dining and entertainment options. Local Chicago favorite Fairgrounds Craft Coffee and Tea also opened at the campus earlier this year.  Sven Sykes, Executive Vice President at Colliers International, represented HCC in the transaction. Steve Kling, Principal at Colliers International, represented Bell Works Chicagoland in the transaction.  For office leasing inquiries at Bell Works Chicagoland please contact Steve Kling at Steve.Kling@colliers.com or Tara Keating at keating@garibaldi.com. To learn more about Bell Works Chicagoland, visit bell.works/chicagoland. The post Bell Works Chicagoland Announces Heritage-Crystal Clean as Latest Office Tenant 39,000-SF Office Lease appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweekly4 hr. 42 min. ago Related News

The Residence Club at Rancho la Puerta announces new residence design

The Residences Club at Rancho La Puerta announced today Club Casa – a stunning new home design now being offered at the world’s first wellbeing, co-ownership development, located at the original wellness and spa destination in North America. One of three housing options, Club Casa’s architecture and design integrate environmentally... The post The Residence Club at Rancho la Puerta announces new residence design appeared first on Real Estate Weekly. The Residences Club at Rancho La Puerta announced today Club Casa – a stunning new home design now being offered at the world’s first wellbeing, co-ownership development, located at the original wellness and spa destination in North America. One of three housing options, Club Casa’s architecture and design integrate environmentally friendly local materials and exquisite Mexican craftsmanship. The home exudes both interior and exterior beauty, surrounded by nature and stunning mountainscapes and complements the existing Club Casita and Club Villa designs. “What sets this new residence design apart is its open-air, indoor patio with a gorgeous water fountain,which expands the interior space and allows the home to be drenched in sunlight,” said Alfredo Carvajal, advisor to Grupo Espiritu and developer of The Residences community at Rancho La Puerta. “The new design is an ideal gathering spot for entertaining. These beautiful homes are perfectly positioned in the overall masterplan, affording close proximity to the remarkable array of amenities available in the community and at Rancho La Puerta.” “We are excited to offer a new home type for Club Casa with a new lifestyle option for those wishing tobecome part of our Residence Club and The Residences community,” said Roberto Arjona, CEO of Rancho La Puerta. “This home makes the outdoors central to the living environment. The introduction of more natural lighting, lush greenery and water features throughout the home creates a true sensory living experience in an authentic Mexican-style home.” The new design is a one-story, three-bedroom home with two master bedrooms and three and a half baths within 3,113 square feet. The Residences Club at Rancho La Puerta offers co-ownership home options priced from $188,000 to $416,569. Among the many elegant features offered by the new home are:● A unique open-air, inner patio with water fountain and plants● Large living and dining room area with a fireplace● Spa shower, bathtub and heated bathroom floors● Exclusive outdoor terrace with water fountain, hammock, meditation space, and private pool● Heated and lighted saltwater dipping pool with bench and Jacuzzi● Outdoor kitchen featuring a fire pit, BBQ and terrace glow-lighting ● Eco-friendly and sustainable technology including thermal insulated walls and ceilings, natural lighting, solar domes, double glazed windows, energy-efficient air conditioning, air filtration system, and appliances along with optional photovoltaic energy and solar water heater, electromobility chargers and more● Two complimentary bikes The Residence Club at Rancho La Puerta is being created by Grupo Espiritu, in partnership with Elite Alliance, the industry leader in residence club consulting, luxury hospitality management, vacation rental, and luxury home exchange. As the world’s first wellbeing co-ownership development, the Residence Club is where wellness-inspired vacations, sustainability, community living, and the sharing economy converge harmoniously. It allows homeowners the opportunity to enjoy the benefits of vacation home ownership and luxury resort services at a price that is commensurate with personal use. The Residence Club homes are elegantly furnished and owned by eight like-minded families. Club owners enjoy frequent and flexible use, a host of amenities, services, and Rancho La Puerta privileges including The Ranch Day Pass Program which allows residents to participate in daily Rancho La Puerta activities including morning hikes, art classes, fitness classes, lectures, workshops and more as well as extensive wellness services from Rancho La Puerta available at home. They can bring family members and friends, host unaccompanied guests, or rent their residences. Residence Club owners can also explore more than 120 other destinations as members of the prestigious Elite Alliance exchange program. For more information on Club Casa, The Residence Club at Rancho La Puerta and The Residencescommunity, please visit residencesrancholapuerta.com or call 888.608.0059 or email residences@rancholapuerta.com. The post The Residence Club at Rancho la Puerta announces new residence design appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweekly4 hr. 42 min. ago Related News

Kevin Hart sold a $100 million stake in his media company to private equity firm Abry. Here are 10 Hollywood more production shops that are hot M&A targets.

Deals like Apollo's stake in "Dune" producer Legendary are heating up M&A in Hollywood. Insider identified 10 companies that could be acquisition targets in 2022. Kevin Hart.Axelle/Bauer-Griffin/FilmMagic/Getty Abry Partners' $100 million stake in Kevin Hart's company HartBeat is the latest big M&A move in Hollywood. Dealmakers said production companies are valuable amid the streaming wars and demand for content. Insider identified 10 companies that are attractive acquisition targets as consolidation continues. The streaming wars have spurred a period of frenzied dealmaking in Hollywood. Amazon kicked off a major round of M&A last May with its $8.45 billion offer for 97-year-old studio MGM. In the year since, several entertainment companies have sold pieces of their business, including Reese Witherspoon's Hello Sunshine and Will Smith and Jada Pinkett Smith's Westbrook Inc. to Blackstone-backed Candle Media.Joe and Anthony Russo's AGBO sold a stake in January to South Korean video game publisher Nexon. In March, Sony Pictures Television announced it would take a majority stake in Industrial Media — known for reality TV hits like TLC's "90 Day Fiancé" — in a deal valuing the company at $350 million. And STX Entertainment was acquired by the Najafi Companies in April for around $157 million, according to the Hollywood Reporter.In the latest deal, Kevin Hart's new media venture, HartBeat, announced that private equity firm Abry Partners was taking a $100 million minority stake in the business, which combines his HartBeat production shingle and digital comedy platform Laugh Out Loud. Thai Randolph stepped up as CEO of the company after leading the fundraise.The M&A activity had top Hollywood dealmakers telling Insider in early 2022 that practically every independent production company is a target.Private equity firms are leading the pursuit, especially when it comes to talent-fronted shingles, because they see value in investing in content before the streaming service boom plateaus — and demand for original programming along with it. Apollo in January took a $760 million stake in "Dune" producer Legendary, in a move that "is about us making our own IP," Apollo partner Aaron Sobel told Insider. "You're going to be seeing us do M&A and there's much more that's going to happen," he said."More traditional media companies are trying to pivot," said Waymaker Law founder Ryan Baker, adding that periods of disruption foment more M&A activity because it's "quite common for entrenched incumbent players tied to existing technology to not be as nimble" and they can often adapt more quickly by buying than building.Not only does the appetite for production capabilities appear insatiable, but valuations also are sky-high. Hello Sunshine, whose projects include Apple TV+ drama "The Morning Show," was valued at $900 million in its Candle Media deal. SpringHill Co., founded by LeBron James and Maverick Carter, nabbed a $725 million valuation when it took on an investment from a group including RedBird Capital, Nike, and Epic Games. 'The key is buying franchises.'Such targets aren't being evaluated as traditional production companies, but rather as IP generators that have the potential to feed the demand for the next "Squid Game" or "Yellowstone," projects built with DNA that could anchor universes and also extend beyond the screen. "Original content is becoming more important and you want to bring a lot of the production capabilities in house," said Pivotal entertainment analyst Jeffrey Wlodarczak. "The key is buying franchises." All that deal flow is leading some Hollywood companies to hang "for-sale" signs. Village Roadshow, the producer of "Joker" and "The Lego Movie," has hired PJT Partners to seek investment or acquisition offers, per the Wall Street Journal.The limited set of larger production businesses that make attractive acquisition targets, sources said, includes A24, Skydance Media, and MRC. But among smaller shops, having a talent affiliation is key. A production company without a big-name is more like an arms dealer, a top dealmaker said, and typically lacks the potential to expand into multiple verticals — or to command a top-tier valuation. Celebrity-fronted businesses come with their own risks. If the talent isn't interested in expanding beyond filmed entertainment, the value of the deal declines. And if a star's reputation falters, the business could slip with it. Not all independent shops control the IP they create. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Still, some buyers are game to pay for access to the next big idea from, say, creators like the Russo brothers, even though their reputation was built largely on "The Avengers" — aka Marvel IP — said another dealmaker who asked to remain anonymous.Based on January interviews with five entertainment industry experts and insiders, Insider identified a list of 10 production companies that could be compelling acquisition targets as M&A activity continues.10 Hollywood M&A targets with production capabilities and brand recognitionA24 The company led by CEO David Fenkel and chairman Daniel Katz has long been the subject of acquisition speculation thanks to its lineup of buzzy titles, including Greta Gerwig's "Lady Bird" and best picture Oscar winner "Moonlight." A24 — which also produces TV shows like "Ramy" — has a production deal with Apple and a film licensing agreement with Showtime.   Array Ava DuVernay's company produces, markets, and distributes films from women and people of color. Array also is behind DuVernay projects like Netflix series "Colin in Black & White" and has a deal with the streamer to release film projects including 2021 dramedy "Donkeyhead." Bad Robot J.J. Abrams and wife Katie McGrath's 23-year-old shop is behind everything from HBO drama "Westworld" to the next installment of the "Mission: Impossible" franchise. Though Bad Robot doesn't own the rights to those titles, Abrams is such an in-demand creative talent that WarnerMedia in 2019 paid a reported $250 million for a five-year film and TV overall deal with him. Blumhouse Jason Blum's shingle has perfected its model of producing horror films on a tight budget, projects that reap big gains when they hit with audiences. Consider 2021's "Halloween Kills," which made more than $131 million at the box office, amid COVID fears and restrictions, on a $20 million budget. A 10-year first-look deal with Universal Pictures that runs through 2024 bodes stability for Blumhouse's film business.Chernin Entertainment Peter Chernin's company — which produced NBC's "New Girl" and the rebooted "Planet of the Apes" film series — is said to be exploring strategic options. It has a first-look deal with Netflix, and in 2020 it struck a deal with Spotify to develop its podcasts for film and TV. Imagine Entertainment Previously a target for Kevin Mayer and Tom Staggs' Candle Media, the production company co-founded by Ron Howard and Brian Grazer was in talks early this year to sell a stake to London-based Centricus, WSJ reported. Its recent films include "Hillbilly Elegy" and "Tick, Tick…Boom!" for Netflix. Scout Productions The 28-year-old company led by Michael Williams, David Collins and chief creative officer Rob Eric has driven some of the highest-profile LGBTQ+ projects in Hollywood, including "Queer Eye for the Straight Guy" and its "Queer Eye" reboot on Netflix.Seven Bucks Productions Led by Dwayne "The Rock" Johnson and Dany Garcia, Seven Bucks produced "Red Notice" for Netflix and has the upcoming "Black Adam" for Warner Bros. It also makes content for Johnson's YouTube channel, where he has 5.89 million subscribers. Skydance Media David Ellison's production shingle is behind the upcoming "Top Gun: Maverick" and is teaming with regular producing partner Bad Robot on "Mission: Impossible 7" and "Star Trek 4." The company — which has taken investments from RedBird Capital, Korea's CJ ENM, and Tencent — will produce a slate of live-action films for Apple, where it already has an animated film and TV series deal. Village Roadshow The film producer and financier majority owned by private equity firm Vine Alternative Investments is best known for Warner Bros. co-productions including "The Matrix Resurrections" and "Joker." The company, which is led by CEO Steve Mosko, recently has been focused on producing its own original films. This article was originally published on January 27 and has been updated, most recently on May 19.Read the original article on Business Insider.....»»

Category: topSource: businessinsider6 hr. 44 min. ago Related News

Adagio Therapeutics Jumps 629 Ranks To 119th Most Owned Stock On The Platform

Adagio Therapeutics Inc (NASDAQ:ADGI) said it secured manufacturing capacity with third parties to produce its SARS CoV-2 antibody treatment for clinical trials in anticipation of US Food and Drug Administration and other regulations. The Waltham, MA-based clinical-stage biopharmaceutical company focuses on discovering, developing and commercializing antibody-based solutions for infectious diseases with pandemic potential. Adagio has […] Adagio Therapeutics Inc (NASDAQ:ADGI) said it secured manufacturing capacity with third parties to produce its SARS CoV-2 antibody treatment for clinical trials in anticipation of US Food and Drug Administration and other regulations. The Waltham, MA-based clinical-stage biopharmaceutical company focuses on discovering, developing and commercializing antibody-based solutions for infectious diseases with pandemic potential. Adagio has a portfolio of SARS-CoV-2 antibodies, including multiple, non-competing, broadly neutralizing antibodies with distinct binding epitopes, led by ADG20. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Adagio Therapeutics' IPO Adagio has traveled a rough road since its August 2021 $17 initial public offering. The shares debuted with a roughly 25% gain, climbing to $78.82 amid analyst optimism which drove demand. The bubble burst, though, and the shares began a long decline to their current roughly $3 a share. That's an 86% decline from the shares' high. The shares spiked briefly in November when Adagio said ADG20 showed effectiveness against Omicron. Retail investors greeted the news by opening their wallets to buy. Adagio shares climbed 629 positions on the Fintel Retail Ownership leaderboard and currently sit at the 119th spot. We included a chart from ADGI's Retail Ownership page below: Buyers also digested the company's earnings from Friday when the company reported a 93 cents a share loss first quarter loss, a blistering 30 cents below Wall Street analysts' average estimate. Research and Development expenses rose to $92 million, compared to $34 million for the prior year. The firm reported cash and cash equivalents of $532 million on the 31st of March and management expects total cash and equivalents will continue to fund the company into the 2024's second half. The company paused its clinical trials earlier after early results against the Covid 19 omicron variant. Adagio shares carry the risk of many early-stage biotech firms; running out of money. Investors often balk at funding untested product development. However, its current cash balance exceeds its market capitalization and provides an operating cushion and share price support. According to Fintel's Put/Call Ratio for ADGI, which indicates market sentiment for the underlying shares, the stock has a score of 0.42 The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment. We a chart of this ratio and how it has behaved over the last three months: Interestingly, the stock also sports a Fintel Short Squeeze Score of 86.61, which places it in the top 5% of our 5,500 screened companies. The Short Squeeze Score uses a sophisticated, multifactor quantitative model that identifies companies with the highest risk of experiencing a short squeeze. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. The number ranges from 0 to 100, with higher numbers indicating a higher risk of a short squeeze relative to its peers and 50 being the average. The consensus analyst rating for the shares is "underweight." Article by Ben Ward, Fintel Updated on May 19, 2022, 4:31 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk7 hr. 17 min. ago Related News

How to turn on Pinterest"s dark mode on any device

You can turn on a dark mode for Pinterest at any time or sync it to your device's dark mode settings. You can turn on a dark mode for Pinterest at any time or sync it to your device's dark mode settings.NurPhoto/Getty Images Pinterest doesn't have a dark mode feature built into its app, but it will follow your iPhone or Android settings.  To enable dark mode on the Pinterest website, install a dark mode browser extension. Pinterest has a lot of practical productivity applications, but many people also enjoy browsing the service in the early morning or late evening hours as a way to start or end the day.If that sounds like you, you might appreciate using Pinterest's dark mode, which darkens the interface and makes using the app easier on the eyes in low-light environments. How to turn on Pinterest's dark mode for iPhonePinterest on the iPhone mimics whatever appearance mode you've chosen for iOS. If the phone is set to dark mode, then Pinterest will be dark as well. Here's how to set that:1. On your iPhone, start the Settings app. 2. Tap Display & Brightness.3. In the Appearance section, tap Dark to turn on dark mode, or turn on Automatic by swiping the button to the right. If automatic is on, you can configure what hours dark mode will be in effect.Pinterest will follow the iPhone's lead when it comes to dark mode settings.Dave JohnsonIf you select Automatic, Pinterest will automatically follow whatever appearance settings the phone is currently using. How to turn on Pinterest's dark mode for AndroidThe Android Pinterest app follows the phone's display settings, automatically turning dark mode on and off along with the phone's UI.  The exact steps may vary slightly depending upon which version of Android and phone model you own, but this should work for most current models.1. On your Android, tap the Settings app.2. Tap Display. 3. In the Appearance section, tap Dark theme.4. Turn on Use Dark theme by swiping the button to the right or tap Schedule and set the time period you want dark mode to start and end. If you enable the Dark theme on Android, the Pinterest app will comply as well.Dave JohnsonHow to turn on Pinterest's dark mode for the webThere's no built-in dark mode control for the Pinterest website, so if you're using the Pinterest website on a computer and want to darken the page, you need to rely on a browser extension. The good news is that there are extensions for every browser that you can use to toggle dark mode on and off, and even sync dark mode in the website to your computer's dark mode settings in the operating system. Chrome: The best dark mode extension is Night Eye. It lets you turn dark mode on and off for individual websites (including Pinterest) and it works on its own or in conjunction with your Windows settings for dark mode.Firefox, Edge, and Safari: For other browsers, investigate Dark Reader. Dark Reader is available for Firefox, Microsoft Edge, and Safari, and it has a wealth of settings and options for each browser. You can set individual dark mode options for each website you visit and let the extension work on its own or with the dark mode settings for Windows or Mac. If you want to get the benefits of dark mode on the Pinterest website, install an extension like Night Eye.Dave JohnsonRead the original article on Business Insider.....»»

Category: topSource: businessinsider7 hr. 17 min. ago Related News

Dividend Passive Income: How To Make $1,000 Per Month

Would you like to have an extra $1,000 per month? Even if you’re a minimalist, I think most of us would jump at this opportunity. And, for good reason. An extra grand a month could totally transform your life. In addition to paying off financial debt, you could also invest in your retirement or buy […] Would you like to have an extra $1,000 per month? Even if you’re a minimalist, I think most of us would jump at this opportunity. And, for good reason. An extra grand a month could totally transform your life. In addition to paying off financial debt, you could also invest in your retirement or buy life insurance with this extra cash. Or, with your newfound financial freedom, you could finally make much-needed home repairs, take a class to enhance your skills, or take that vacation you’ve been talking about for years. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Walter Schloss Series in PDF Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more And, considering that 56% of Americans can’t pay for a $1,000 emergency expense, this money could be used to build a considerable emergency fund. However, you’re not going to suddenly end up with $1,000 per month — unless you inherit money or win the lottery. It has to be earned. Now, your first thought could be that you should find a second job. If you’re facing a financial crisis or are working toward a short-term financial goal, this is the right move. On the other hand, you may find this takes you away from your family, friends, or hobbies. Plus, juggling both a full-time job and an internship can be exhausting. Consequently, if your performance or productivity plummets, you could in essence risk your primary source of income. With that said, what are your realistic options for earning an extra grand each month? One of my favorites is through a passive income. What is a Passive Income? Making passive income requires little effort on your part. Often, passive income is referred to as ‘earning money while you sleep’ because it requires almost no involvement. This isn’t the case in every situation, however. However, hopefully, you’ve got the jest on what a passive income is. However, there is a myth about passive income that needs to be busted. Passive income is assumed to be so easy that anyone can earn it within the weekend. Once that’s done, you just sit back and wait for the money to come following in. Truth be told, a lot of work needs to be done upfront. Your passive income sources still need to be updated and maintained even after the initial legwork is completed. One example is blogging. Once it’s up and running and producing a steady revenue stream, it can make a lot of money. But, building a blog to that level takes a lot of effort. And, even if you reach that level, it still needs to be managed. If anything, it’s semi-passive. Although this is an excellent income source, it is not really passive. But, that’s not true with dividends. What is a Dividend (And Why They Rock)? If you want a truly passive income, then let me introduce you to my good friend dividends. For those who aren’t acquainted with my friend here, dividends are payments companies make to shareholders as a way of sharing profits. Investors earn a return on stock investments through dividends, which are paid on a regular basis. Let me also add that not all stocks pay dividends. You should choose dividend stocks if you want to invest for dividends, however. All right, that’s great. What makes dividends a passive income though? Again, most passive income sources will still need a little TLC every now and then. I already talked about blogging. But, property rentals are another example of a semi-passive income. If you don’t maintain your rental, it’s going to depreciate and become loss appealing to renters. In the current era of exceptionally low interest rates, dividend income is in a league of its own. It is possible without any effort to create a portfolio of stocks that generates a steady return of 3%-4% per year. There is no better example of a truly passive investment today than that. Now, let me be real. To reach the desired level of income takes a lot of capital. If you invest wisely, however, you can earn a generous income — even $1000 per month in dividends. And, as soon as it’s up and running, you won’t have to lift a finger to get it going. Besides being a legitimate passive income, I’m a big fan of dividends for the following reasons. Capital appreciation. Even though I’m talking about dividends, dividend stocks can also generate capital appreciation. After all, they’re stocks, and the value of stocks tends to go up over time. If you’re lost, let’s take Pepsi as an example. Right now, the stock pays a dividend of almost 3% per year. The current share price is about $172. But if you purchased the stock 10 years ago? You could have done so at less than $65 per share. The stock value has more than doubled in 10 years, and you have earned 3% in passive income over that time. In other words, dividend stocks have the advantage of not only providing a steady income. But also the benefit of capital appreciation. By doing so, you can protect your investment from inflation and also make sure it grows over the long run. As such, dividend stocks are among one of the very best investments you can make, and are one of the strongest recommendations for the foundation of your portfolio. Dividend stocks should be a core investment, even if you own other investments. Dividend stocks vs. growth stocks. Now, I gotta quickly fill you in on dividend stocks. Unlike growth stocks, dividend stocks tend to rise less in price than growth stocks. Why? As their name implies, growth stocks are all about growth. Most pay little dividends if any at all. All profits are instead reinvested into the business to expand revenue and profit. In fact, over the past decade, growth stocks that don’t pay dividends have produced some of the best results. The most notable example is Amazon (AMZN). In the past 10 years, its stock price increased from $170 per share to more than $3,000 now, but it doesn’t pay a dividend. You won’t get income from these stocks until the day you sell them, so you may want to hold a number of them in your portfolio. The appreciated value will come at that point. But, for now, it’s just paper gain. In short, investing in dividend stocks is a better choice if you’re looking for passive income. Favorable tax treatment. Dividend-paying stocks offer tax benefits in addition to yields above those of interest-bearing securities. Dividends are treated as ordinary income by the Internal Revenue Service. If qualified for the long-term capital gains tax rate, however, they aren’t taxed. Dividends on the stock must be issued by a US corporation or by a foreign corporation with stock trading on a US exchange in order to qualify as a qualified dividend. To qualify for dividends on a stock, you must also own it for at least 60 days. For qualified dividends the tax rates are as follows: If you have a taxable income of less than $78,750, you pay 0%. If you’re single and earn more than $78,750, but less than $434,550, or if you’re married filing jointly, or if you’re a qualified widow, you’re eligible for a 15% tax exemption. Taxes are charged at a rate of 20% of your taxable income that exceeds these thresholds. In any case, if you hold dividend stocks in qualified tax-deferred retirement plans, the lowered (or nonexistent) taxes won’t matter. Holding them in a taxable investment account will give you a big tax advantage though. Where to Find Dividend Stocks Dividend-paying stocks tend to be issued by large corporations with established financial records. Or at least those that pay higher yields consistently over time. They are also commonly known in most cases. Either they have popular products or services, or they’ve been around for a long time and have built a strong reputation. They tend to be popular with investors, too, due to all those qualities and their dividends. Now, when it comes to dividend stocks, companies can choose between different dividend types. The most common types include: Cash dividends. These are the most common dividends. Companies typically deposit cash dividends directly into shareholders’ brokerage accounts. Stock dividends. In addition to paying cash, companies can also share additional stock with investors. Dividend reinvestment programs (DRIPs). With DRIPs, dividends are reinvested into the company’s stock, often at a discount, so investors receive their dividends back sooner. Special dividends. Shareholders receive these dividends when their common stock goes up in value, but they do not recur. When a company has accumulated profits over years but does not need them at the moment, it will issue a special dividend. Preferred dividends. The dividends paid to the owners of preferred stock. Stocks that are preferred function less like stocks and more like bonds. Most preferred stock dividends are paid quarterly, but unlike dividends on common stock, they are typically fixed. With that out of the way, let me go over the three basic ways to invest in dividend stocks. Start with dividend aristocrats. At present, all stocks in the S&P 500 index offer a yield of 1.37%. To begin, you might want to focus on stocks that are paying even higher dividends. Stock screener software can certainly assist with finding those companies. But, there’s a much easier method. You can find many of the best and most stable dividend stocks on a list called Dividend Aristocrats, which includes some of the highest-dividend paying stocks. At the moment, the list includes 65 companies. In order to be considered a Dividend Aristocrat, a company must meet specific criteria. Among these criteria are: At least 25 straight years of increasing dividends to shareholders. An established, large company is generally listed on the S&P 500, rather than one that is fast-growing. The company must have a market capitalization of at least $3 billion. The value of daily share trades for the three months prior to the rebalancing date must have averaged $5 million. However, just because a stock is a Dividend Aristocrat doesn’t automatically make it a good investment. There is no guarantee that a company is permanently on the list just because it is on the list. The list is usually altered every year, as some companies are added and others drop. Dividend aristocrats: What to watch out for. In the case of Dividend Aristocrats, two factors need to be considered: The ratio of dividends paid out. This is the percentage of net profits a company pays out to shareholders in dividends. It is unlikely that the current dividend is sustainable if this number approaches or exceeds 100%. The optimal dividend payout ratio is between 50% and 60%. A dividend yield that is excessive. A dividend yield of 3% to 4% is the average for Dividend Aristocrats. In some cases, higher pay may be due to a company’s share price falling, such as 6%, 8%, or more. This could indicate a company is in distress. Either situation can indicate a dividend reduction is a real possibility. If that happens, not only will your dividend yield be reduced, but the price of the stock will almost certainly fall. High dividend exchange-traded funds (ETFs). Investing in ETFs can be a good alternative to holding individual stocks. For example, you can invest in dividend-paying ETFs. Examples include: Vanguard High-Dividend Yield ETF (VYM) – currently yields 2.99%, with an average return of 10.45% over the past decade. SPDR S&P Dividend ETF (SDY) – has an overall return of 10.23% over the past ten years and a dividend yield of 2.91%. Schwab US Dividend Equity ETF (SCHD) – pays dividends of 3.69%, and has returned 14.61 percent over the past 9 years (founded in October 2011). These three funds not only show double-digit returns for the past decade but also have current yields much higher than interest-bearing investments. Although you might not become wealthy in the way that high-flying growth stocks do, these funds provide steady, reliable returns. Long-term investors should consider this kind of investment as the centerpiece of their portfolios. Real Estate Investment Trusts (REITs) Essentially, REITs are mutual funds that invest in real estate instead of stocks. However, not any kind of real estate will do. Real estate investment trusts invest mostly in commercial properties, including office buildings, retail space, warehouses, and big apartment buildings. A minimum of 90% of their income must be distributed to shareholders as dividends as well. The net rental income and the capital appreciation distributions of sold properties make up this portion. For simplicity, dividends are usually paid on a monthly basis by REITs. Here are some dividend-paying REITs to consider: Brookfield Property REIT (BPY) – current dividend yield of 7.54%. Kimco Realty Corp (KIM) – current dividend yield of 3.26%. Brandywine Realty Trust (BDN) – current dividend yield of 6.59%. Bear in mind, however, that REITs have not had good long-term performance in the past few years. In spite of paying consistently high dividends, both Brookfield Property REIT and Kimco Realty Corp have experienced major share price declines over the past decade. On the flip side, Brandywine Realty Trust showed the best capital appreciation, holding constant over the past decade. Where to Invest in Dividend Stocks Want to earn a passive income with dividends? The following investment platforms allow you to invest in dividend stocks or high dividend ETFs. As an added perk, each gives you the option of commission-free investment in stocks or ETFs. Robinhood On either your computer or your mobile device, you can trade stocks and ETFs using the Robinhood app. This is also one of the only investment apps that offer trading options as well as cryptocurrency. In spite of the fact that Robinhood is primarily designed for self-directed investors, it provides sufficient company information to identify dividend stocks and track them. Dividend yield, price-earnings ratio, and 52-week high and low prices all fall into this category. The company is currently giving you the chance to earn up to $500 in free stocks by referring friends who open accounts on the app. A stock can be worth anywhere from $2.50 to $200. But, come on. That’s free money just for signing up. Webull Webull works a lot like Robinhood. This company offers commission-free trading of stocks, ETFs, and options, and it has mobile trading capabilities. If you’re on the move constantly, then this is the platform for you. Webull does not require a minimum initial investment. But funds are required for investing. Moreover, it does offer both traditional and Roth IRA accounts, which makes it a better alternative to Robinhood. The reason dividend stocks are ideal for retirement accounts is that they provide long-term growth in addition to income. You will also receive interest on any invested cash held in your account at Webull. M1 Finance Unlike Robinhood and WeBull, M1 Finance allows you to purchase stocks through portfolios called “pies,” which are comprised of many stocks and/or ETFs. There are pre-built pies available, but you can customize your own with the stocks and ETFs you want. If you prefer, you can make a pie out of each of your favorite Dividend Aristocrats, or even pick all 65 stocks. It’s entirely up to you how many pies you want. Dividend Aristocrats can be held in one account, growth stocks in another, or sector ETFs in another. When you have created one or more pies, M1 Finance provides you with another advantage. Your pie will be managed robo-advisor-style, with periodic rebalancing to make sure your allocations remain on target, and even dividends reinvested. You can then sit back and watch your investment grow once you’ve selected your stocks or funds. Ah. The best kind of passive income you could ever ask for. How to Build a Portfolio That Will Make $1,000 Per Month in Dividends Sample Dividend Portfolio For new and small investors, this is a significant barrier. I mean you’d need about $400,000 with a yield of 3% to make $1,000 per month in dividends. But how do you get to $400,000? To begin, let’s take a look at things from a different perspective. Investing in dividends is, by definition, a long-term endeavor. The goal isn’t growth, and most certainly not explosive growth. Rather it’s all about a steady income that hopefully will appreciate over time. So, you’ll need patience and constant investing if you want to make it a long-term investment. The first step, then, is to consider the amount you plan to invest and set up a regular schedule. Suppose, for example, you buy 10 shares of a particular stock each month, or invest $500 per month. Over time, you can gradually add many thousands of dollars to your investments every year. This results in a positive outcome. With your monthly purchases, you will be able to utilize dollar-cost averaging. A method like that greatly eliminates the impact of stock price fluctuations or the timing of the end of the market. Every month, you will just invest the same amount. And, best of you all, you just let compound interest work its magic. If you are investing $500 per month in a growing portfolio of dividend stocks with a 10% return, including dividends and capital appreciation, you would be investing $6,000 per year. Investing at the same level for 21 years will mean you’ll have over $400,000 — even if you never increase it. Dividend Reinvestment Plans commonly called DRIPs, make this possible. These are often offered by the brokerage firm where you hold the stocks. With DRIPs, dividends are used to buy more shares of the same company automatically. The Bottom Line Dividend stocks don’t get the same buzz as growth stocks do. The thing is, they’re the kind of investments that build both permanent wealth and passive income. What’s not to like about that? For retirement portfolios, dividend stocks are especially enticing. Investing in these funds will not only allow you to build wealth over decades but will also provide a steady flow of income when you retire. As the stock prices rise in value over time, you can use the dividend income to cover living expenses. You can choose to receive $2,000, $3,000, or even $5,000 in dividends per month, even though I have been talking about $1,000. You’ll need a much broader portfolio for that. However, if you are planning to become wealthy or retire with a seven-figure account, you might as well earn a decent income while you’re at it. To build a portfolio large enough to generate $1,000, or more, per month in dividends, you must combine regular contributions, dividend reinvestment, and capital appreciation. Article by Jeff Rose, Due About the Author Jeff Rose is an Iraqi Combat Veteran and founder of Good Financial Cents. He teaches people wealth hacking. He is a frequent on CNBC, Forbes, Nasdaq and many other publications. He is author of the book "Soldier of Finance: Take Charge of Your Money and Invest in your Future" where he teaches how he escaped from $20,000 in credit card debt to a life of wealth. Updated on May 19, 2022, 3:58 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk8 hr. 32 min. ago Related News

Local Group Brewing near downtown Houston sold to new ownership group

Local Group closed its kitchen on March 24 and reduced its hours the following week, so the new ownership team initially will focus on expanding the brewpub's food and drink options......»»

Category: topSource: bizjournals8 hr. 45 min. ago Related News

Thursday links: useless debates

MarketsHow much do real yields matter for stocks? (morningstar.com)Big drops in consumer staples stocks is not a sign of a healthy market. (priceactionlab.com)The bear market is here for inexperienced investors. (nytimes.com)StrategyTen ways to deal with the current bear market including 'Begin your plan by acknowledging you are venturing into the unknown.' (ritholtz.com)The 60/40 portfolio is having a rough time of it. (ft.com)Is the Chinese stock market 'uninvestible' or simply 'unanalysable'? (economist.com)CryptoFTX is launching zero-commission stock trading. (theblockcrypto.com)What is going to happen to all the crypto marketing efforts? (gq.com)Crypto skeptics are having their day in the sun. (theatlantic.com)A look at the business of Bitcoin mining. (paulbutler.org)StreamingCan Disney ($DIS) avoid Netflix's ($NLFX) mistakes? (variety.com)Even long-standing subscribers are quitting Netflix ($NFLX). (theinformation.com)People really do want ad-supported streaming options. (thestreamable.com)EconomyWeekly initial unemployment claims have stopped going down. (bonddad.blogspot.com)The 55-64 crowd is back working at pre-pandemic levels. (nytimes.com)The housing market is slowing. (theatlantic.com)Central bankers are facing an unprecedented set of factors. (time.com)Earlier on Abnormal ReturnsLongform links: the internet paradox. (abnormalreturns.com)Things are tough out there. Here is some required bear market reading. (abnormalreturns.com)What you missed in our Wednesday linkfest. (abnormalreturns.com)Personal finance links: investor psyches. (abnormalreturns.com)A Q&A with Brian Feroldi author of “Why Does the Stock Market Go Up.” (abnormalreturns.com)Writing IS thinking. (abnormalreturns.com)Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)Mixed mediaBrian Chesky, CEO of Airbnb ($ABNB), on the new world of work. (washingtonpost.com)Workers are shrugging off mild Covid cases to keep at it. (wsj.com)What to do if you are unhappy with your job. (thomaskopelman.com).....»»

Category: blogSource: abnormalreturns9 hr. 16 min. ago Related News

Looking At Marathon Digital Holdings"s Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Marathon Digital Holdings (NASDAQ:MARA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. read more.....»»

Category: blogSource: benzinga9 hr. 16 min. ago Related News

What Are Whales Doing With Trade Desk

A whale with a lot of money to spend has taken a noticeably bearish stance on Trade Desk. Looking at options history for Trade Desk (NASDAQ:TTD) we detected 12 strange trades. read more.....»»

Category: blogSource: benzinga9 hr. 16 min. ago Related News

This Is What Whales Are Betting On Cloudflare

Someone with a lot of money to spend has taken a bullish stance on Cloudflare (NYSE:NET). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. read more.....»»

Category: blogSource: benzinga9 hr. 16 min. ago Related News

Existing-Home Sales Maintain Decline in April

The downward trend in existing home sales held firm in April as rising price tags and mortgage rates continued to strain buyer activity, according to a new report from the National Association of REALTORS® (NAR). Sales of previously owned homes dipped for the third consecutive month in April, sliding by 2.4% to a seasonally adjusted… The post Existing-Home Sales Maintain Decline in April appeared first on RISMedia. The downward trend in existing home sales held firm in April as rising price tags and mortgage rates continued to strain buyer activity, according to a new report from the National Association of REALTORS® (NAR). Sales of previously owned homes dipped for the third consecutive month in April, sliding by 2.4% to a seasonally adjusted annual rate of 5.61 million. Year-over-year, sales dropped 5.9%. Month-over-month sales activity across all four major U.S. regions was a mixed bag as two areas posted gains while the other two experienced waning last month. However, all four regions saw a dip in sales annually. Single-family home sales were down 2.5% from March to a seasonally adjusted annual rate of 4.99 million. Condos and co-op sales also declined by 1.6% in March to a seasonally adjusted annual rate of 740,000 units in April. According to NAR experts, the combination of higher home prices and mortgage rates has continued to weigh down on buyer activity, who indicated that the decline in sales activity would likely persist in the coming month and return to pre-pandemic levels. At the end of April, housing stock hit 1,030,000 units, marking 10.8% from March but a 10.4% decline YoY. Regional Breakdown: Northeast Existing-Home Sales: 670,000 (+1.5% MoM; -10.7% YoY) Median Price: $412,000 (+8.1% YoY) Midwest Existing-Home Sales: 1.31 million (+4.1% MoM; -2.6% YoY) Median Price: $282,000 (+8.7% YoY) South Existing-Home Sales: 2.49 million (-4.6% MoM; -5.7% YoY) Median Price: $352,100 (+22.2% YoY) West Existing-Home Sales: 1.14 million (-5.8% MoM; -8.1% YoY) Median Price: $523,000 (+4.3% YoY) The takeaway: “As we find ourselves in the midst of a massive housing shortage, NAR continues to work with leaders across the private and public sectors to help close this deficit,” said NAR President Leslie Rouda Smith. “As the nation’s largest real estate association, we are urging policymakers to enact zoning reforms, homebuilder incentives, and other necessary regulations to help correct this situation.” “Higher home prices and sharply higher mortgage rates have reduced buyer activity,” said Lawrence Yun, NAR’s chief economist. “It looks like more declines are imminent in the upcoming months, and we’ll likely return to the pre-pandemic home sales activity after the remarkable surge over the past two years. “The market is quite unusual as sales are coming down, but listed homes are still selling swiftly, and home prices are much higher than a year ago. Moreover, an increasing number of buyers with short tenure expectations could opt for 5-year adjustable-rate mortgages, thereby ensuring fixed payments over five years because of the rate reset. The cash buyers, not impacted by mortgage rate changes, remain elevated.” “Rising mortgage rates, which first crossed the 5% threshold in April, have kept climbing as the Fed adjusts monetary policy to a less accommodative posture,” said Danielle Hale, chief economist at realtor.com®. “While higher rates are expected to eventually reign in price increases, typical home sale prices grew 14.8% in April as buyers felt pressure on their budgets and urgency to move quickly. “The number of households interested in becoming homeowners remains high, despite waning confidence that now is a good time to buy. This is especially true among younger home shoppers, who are likely to be first-time buyers and are struggling to save for a down payment as rents continue to hit records, as seen in the dip in first-time buyers to 28% in April. At the same time, seller expectations for higher down payments seem to be rising, fueled by a still-competitive housing market and repeat buyers with relatively more equity at their disposal. “Homeowners considering a sale this year still hold most of the cards, but will want to keep on top of a rapidly-adjusting market poised for a reset—a real estate refresh. Realtor.com housing data shows that there were fewer homes actively for sale in April than in the year prior, but by the first week of May, the trend flattened. In the most recent weekly data, we saw the biggest yearly jump in active listings since March 2019, as more homeowners decided to sell and more searchers decided to hit pause. The combination of these trends means home shoppers—at least those who can navigate higher mortgage rates and monthly payments – will have more homes to choose from relative to last year, even as options are fewer than before the pandemic.” “The combination of higher prices and higher mortgage rates continue to negatively impact home sales,” said Joel Kan, AVP of Economic and Industry Forecasting for the Mortgage Bankers Association. “Although the job market is still extremely strong, emerging signs of economic weakness have also added to the overall uncertainty for potential homebuyers. Steep home-price appreciation was particularly impactful on first-time home buyers, who have seen their share of home sales decrease to 28% compared to 31% a year ago.” “Inventory is a key component of housing market conditions, and the limited availability of homes for sale has been adding to upward pressure on prices, delaying some purchase activity. While there was a slight increase in the number of homes for sale to just over 1 million units, this was likely due to the declining sales pace as demand slows. At just over a two-month supply, inventory is still extremely low by historical standards, and the recent slowdown in residential construction activity may prolong this shortage.” The post Existing-Home Sales Maintain Decline in April appeared first on RISMedia......»»

Category: realestateSource: rismedia9 hr. 56 min. ago Related News

Nomura: The "Calmest Selloff Ever" Is Over, Brace For Turbulence Ahead

Nomura: The 'Calmest Selloff Ever' Is Over, Brace For Turbulence Ahead Yesterday was different. Bond yields tumbled with stocks (they have tended to rise recently as stocks tanked)... ...and VIX spiked as stocks were spanked (it has been decoupling, exuding calmness for a few days until then)... The change was catalysed by two factors: 1) "Hard-Landing" / "Recession" narrative keeps gaining-steam, so bonds are beginning to "work" as a risk-asset hedge, and 2) Yesterday's VIX-piry (and tomorrow's Op-Ex) removed much of the overhang suppressing vol, crushing hopes for some form of 'stabilization' So given the 'change', what happens next? As Charlie McElligott warns, the bond short covering is only just beginning. Today's ugly Philly Fed miss and significant trend rise in jobless claims is leading to another wave of spastic short-covering / upside-buying in USTs (and USD weakness), as "Growth Scare >> Recession" meme-check builds further steam. In fact, while unwinds have begun, CTA Trend legacy “Short” positioning remains a significant source of “covering” risk instability And notably, McElligott points to Credit / Spread-Product / Long Duration demand from “asset allocators” and real money: "I just get the sense that as the market crystalizes on this (pre-emptive) move towards 'Contraction / Recession / Hard-Landing' that the market is gonna 'come hard' for this stuff." Shifting back to equity-land, the 'calmest selloff ever' is over following VIX-piration yesterday. As SpotGamma notes, yesterday's VIX expiration likely pulled forward expiration “rally fuel” but looked for more support around the 4000 level. However, terrible retail reports from the likes of WMT (-15%) & TGT (-20%) and now CSCO (-10% premarket) signal “recession”, and that comes into an environment with increasing interest rates. This likely triggered both natural & forced liquidations. As markets declined it was quite likely that options hedging flows sold, too, as large short dated put positions went from 2% out-of-the-money, to 2% in-the-money. The concentrated puts positions near 400SPY/4000SPX/300QQQ invoked “jump risk” as options rip higher in value. Shown below is the price of the 5/20exp 4000 strike put – note how its price shot higher as 9AM VIX settlement passed... Negative Gamma is dominating the market's intraday moves... ...which are at near record levels of turbulence. As Nomura's McElligott notes, this is the longest extended period of dealer "short gamma" seen for years, which implicitly has led to the most persistently violent intraday-day range period in recent history... The Nomura strategist offers one more inisght of note, that is that one of the challenges for Stocks now with regards to hopes of some form of stabilization and “finding friends” - at least from within the leveraged community (Equities L/S and M/N space) - is “tight-stops” in this type of VaR environment, where risk-allowances are punitively low due to so many sample days where both longs- and shorts- are consistently blowing through of risk-limits. Still room for more pain as traders are still not 'grabbing for crash-hedges', and tomorrow's OpEx has huge levels of Delta and Gamma set to come off: SPX / SPY will see 35% of the total $Gamma expire Friday ($16.7B of $48.3B), with -$74.5B (!!!) of associated front-week (Short) $Delta set to come-off QQQ will see 41% of the total $Gamma expire Friday ($1.15B of the $2.8B), with -$9.6B of associated front-week $Delta set to come-off IWM will see 42% of the total $Gamma expire Friday, with -$2.9B of associated front-week $Delta set to come-off HYG will see 55% (!!!) of the total $Gamma expire Friday, with -$3.8B of associated front-week $Delta set to come-off The current expiration period has been tracking April's expiration. VIX expiration seemed to lead to a decline in volatility that was released post-expiration. Here we have a relatively large stock OPEX which may provide a bounce into an overall trend lower. Finally, SpotGamma reiterates its recent point that rallies should be framed as short covering and subject to quick and violent reversals. We very strongly believe that a major market low will come with a quarterly OPEX+FOMC combo. Tyler Durden Thu, 05/19/2022 - 13:06.....»»

Category: smallbizSource: nyt10 hr. 31 min. ago Related News

Check Out What Whales Are Doing With NCLH

Someone with a lot of money to spend has taken a bullish stance on Norwegian Cruise Line (NYSE:NCLH). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. read more.....»»

Category: blogSource: benzinga10 hr. 44 min. ago Related News

How To Tell Whether It’s Time To Expand Your Business

You started your company with a bankable idea, a tiny space, and an even smaller group of employees. Like many entrepreneurial beginnings, maybe it was just you and one other person in a home office or garage. But lately, that smaller space and team don’t seem enough to handle the business coming your way. Is […] You started your company with a bankable idea, a tiny space, and an even smaller group of employees. Like many entrepreneurial beginnings, maybe it was just you and one other person in a home office or garage. But lately, that smaller space and team don’t seem enough to handle the business coming your way. Is it time to expand your business? You’ve been thinking about expanding and are excited about the possibilities your decision might bring. For example, the company could open another location, serve more customers, or venture into new product lines and services. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more While your enthusiasm is growing as you drum up new ideas, you’re unsure whether now is the right time. So how can you be confident that expanding your business is a smart move? First, let’s look at some of the signs that it may be time for your company to branch out. Industry and Market Opportunities Are Increasing If your industry is taking off, there’s a good chance your business can capitalize on that growth. Changes in purchase behaviors, new tech developments, or market forces can create expansion opportunities for existing business lines. Sometimes this means creating new products or services that piggyback off current ones, or it might signal the need for bolder strategic decisions. Nurx, a telehealth provider that started offering online birth control, recently decided to provide mental health treatment options. The expansion move resulted from rapid growth in the mental health space, increasing interest in telehealth services, and a strategic decision to help develop them. While the company’s birth control service line was well established, its leaders recognized that mental health patients desired the same privacy and convenience. When it comes to health care, making appointments, locating clinics, and visiting pharmacies can become barriers to access. A broader range of telehealth services expands care access and removes many of those barriers, especially in remote areas. Increased use of telehealth services during the pandemic also acclimated more patients to its conveniences. All these factors presented an opportunity for the company to improve care access in various locations and become a part of the solution. Volume or Demand Exceeds Current Capacity You’ve consistently got more orders and work than your staff can handle. While that may seem like a good thing, it also means you have to turn work away. Alternatively, you can take longer to fulfill customers’ orders or reduce quality levels. None of these options work in your company’s favor, as existing clients will grow frustrated and disappointed. Eventually, word will get out, and negative perceptions might make it difficult to retain current customers or capture new business. When volume, demand, or customer need outpaces your company’s capacity for fulfilling it, expansion plans should be on the table. What if Amazon hadn’t increased the number of its fulfillment centers, distribution nodes, and employees? The company wouldn’t be the online retail giant and technology solutions provider it is today. Between 2010 and 2018, Amazon’s workforce grew from 33,700 to 647,500. This headcount growth supported business expansion efforts into new markets as demand for products and services increased. Although not every business experiences identical demand rates, aligning internal capabilities with external expectations is a must. If a business is picking up, it’s time to reevaluate your operational and product strategy. Seasonal surges might call for hiring temps or contractors. But overflowing stores and overworked employees often signal the need for additional locations and extra permanent staff. Customer demand for more related products and services might mean it’s time to hire more employees with matching expertise. Your Business Has a Single Cash Cow Relying on a single product line or one client for most of your revenue could mean it’s time to expand. Overdependence on one line of business can lead to future financial problems. If you’re a brand-new startup, this might not apply to your situation. Many businesses begin generating income with a single service, product, or customer. But overdependence can become a liability if it’s been several years since you opened your doors. While that client or product might be bringing in most of your revenues now, what happens if they go away? The customer’s needs could change, and they could decide to move in a different direction. Your client might go under, merge with another company, or cut costs — one of those cost cuts might be what your business offers. Products and services can also fall out of favor or become obsolete. Losing your cash cow can jeopardize your company’s financial sustainability. It’s vital to keep these facts in mind as you seek to expand your business. Expanding your offerings and client base is like diversifying an investment portfolio. You reduce the risk of loss by decreasing your dependency on a single revenue source. And your company potentially increases its exposure to various industries and markets with balanced threats and opportunities. Business is Plateauing All products and services go through life cycles. Successful offerings typically launch with a healthy dose of fanfare. They catch on quickly and sustain growing adoption rates. Yet that growth eventually reaches its peak and plateaus. Some products and services can stay in the plateau stage for a while before sales start to decline. But others fall off more rapidly, causing leaders to have to decide whether to try to revive or discontinue them. Slowing sales and declining interest in your company’s products and services could be additional signs that you need to expand You might not be ready to stop producing an item yet. However, you need to ramp up a replacement for when you do. Examining market signals, customer feedback, and sales numbers will point you in the right direction. Is there growing temporary demand for a substitute, or are market disruptions pushing products and services like yours out? With disruptive forces, you’ll need to act more decisively. Kodak is an example of a company that largely ignored technology changes and new inventions that reshaped the photography landscape. Leaders banked too much on Kodak’s existing core strengths and products and missed the shift to digital photography. Although the firm dabbled with the idea, it failed to fully invest in digital product expansions. Instead, resources remained concentrated on conventional product lines. Recognizing the signs of plateauing offerings and the need to expand to meet market changes can literally save your business. Conclusion Many business owners struggle with the idea of expanding their core products or services. Besides research and development costs, there’s the question of timing. Uncertainties about whether the market will accept your new offerings and whether you can reasonably fulfill those needs may arise. Although success could involve some trial and error, recognizing specific signs can help business leaders make profitable expansion decisions. Your company might be ready to expand if industry opportunities are on the rise or your volume exceeds current capacity. Additional signals include an overreliance on a single product and plateauing sales. Acting on these hints that it’s time to make changes can increase your company’s chances of coming out on top. Article by Brad Anderson, Editor In Chief at ReadWrite About the Author Brad is the editor overseeing contributed content at ReadWrite.com. He previously worked as an editor at PayPal and Crunchbase. You can reach him at brad at readwrite.com. Updated on May 19, 2022, 12:23 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk11 hr. 15 min. ago Related News

Could Cryptocurrency Survive Without Fintech Companies?

Fintech is a relatively new concept, or rather, a relatively new term. It’s the merger of the two words financial technology, and its applications span multiple industries for multiple reasons. Speaking broadly, it helps companies and individuals revolutionize the way they use their money digitally. It was once nothing more than computer technology applied to […] Fintech is a relatively new concept, or rather, a relatively new term. It’s the merger of the two words financial technology, and its applications span multiple industries for multiple reasons. Speaking broadly, it helps companies and individuals revolutionize the way they use their money digitally. It was once nothing more than computer technology applied to backstreet offices. But now, it refers to a broad range of financial applications – including cryptocurrency and other digital currencies – to create new opportunities. The question is, could cryptocurrency survive without fintech companies? It’s an industry that relies heavily on it, so let us explore more. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more The History Of Fintech Companies The rise of fintech began when the internet and cell phones became so huge. Those two combined created a surge of people opening up their devices, connecting to the internet, and hunting down the products or services they wanted online. When this all started, paying by Visa or credit card would be the only option. Now, we have Google Pay, Apple Pay, PayPal, and Klarna - they're all fintech applications. Fintech had to become such a big industry because of demand. Over 60% of people now prefer to shop online because it's generally easier to do. We're increasingly moving towards a cashless society, which is why fintech companies are thriving like they are now. Not only are fintech companies helping us to shop online more efficiently, but they're also helping us to understand our finances better. Think about online banking apps. Before the birth of mobile banking apps, we'd have to go to the bank for a balance update or see what it said at an ATM. The Relationship Between Fintech and Cryptocurrency The history of fintech actually dates back to 1886. Society began to build infrastructures that supported globalized financial services - and the first transatlantic cable was installed. The idea of fintech then didn't really evolve until the post-financial crisis in the US, and in 2009 when people were fresh from failing to trust banks - cryptocurrency and blockchains formed. Cryptocurrency is formed to become decentralized - meaning it's not owned or made by governments and banks. That is because people grew increasingly nervous about the power banks had over their money. A whole new world and language are born, from bear pennant patterns and signals to a crypto wallet - millions of want to be investors have propelled cryptocurrency to the height it is today. The relationship between fintech and cryptocurrency continually grows - expansions in the cryptocurrency have allowed fintech companies to expand their reach exponentially. From simplified online transactions to custom online wallets built for storing crypto, the applications of fintech are spreading far and wide. Blockchain Technology The initial problem with cryptocurrency and any unregulated currency is the lack of policing. In the beginning, there were instances of double-spending, which meant people could spend the same cryptocurrency twice. That's why the introduction of blockchain technology wasn't too far behind cryptocurrency.  Blockchain technology serves as a verification process for transactions. Verification or authorization processes are nothing new. Whenever you complete a transaction online, you'll notice you have to go through an authorization service while the online vendor communicates with your bank to ensure you are who you say you are. That's what blockchain aimed to do. Not only that, but it also added a great fraud prevention security feature for good measure - although crypto fraud is still a prevalent issue. Blockchain technology came on the market around the same time as Bitcoin did as the market realized there was an authentication problem that was making cryptocurrency a dud currency. It has developed massively since, allowing businesses and individuals alike to trade using the cryptocurrency - but do it securely. Now it's far more developed - blockchain uses spread across multiple industries from healthcare to telecommunications. The Future Of Fintech And Cryptocurrency The future of fintech and cryptocurrency is going to boom. Cryptocurrency is already more widely accepted than ever before, with there now more apps and online platforms ready for people to sign up to. It's easier than ever to trade cryptocurrency and understand how to do so. Compared to the other options of trading — like stocks and the impossible to trade forex — cryptocurrency is the people's trading choice. And, with investment and business giants like Elon Musk and Bill Gates backing cryptocurrency and fintech companies, it's likely it won't take long for the industries to develop further. It's easy to assume that fintech will help cryptocurrency become more valued and usable. Its uses are already expanding quicker than people imagined, with some niche online stores offering it as a payment method. At present, its uses are primarily for trading and investing rather than for using it to make purchases. We can only assume it won't be long until cryptocurrency is another Visa or PayPal - just another online payment method we use. Fintech companies and cryptocurrencies could not have survived without the other. They have, in a fashion, developed each other. The future expansion of both will lead to a new generation of online shopping fuelled by decentralized currencies and fintech applications. Updated on May 19, 2022, 1:06 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk11 hr. 15 min. ago Related News

Cisco slides 14% as China"s COVID lockdowns lead the networking equipment maker to warn of a quarterly sales decline

Cisco sees Q4 sales falling by 1% to 5%, confounding expectations for nearly 6% growth. COVID lockdowns in China also hit its revenue in Q3. Miquel Benitez/Getty Images Cisco stock slumped Thursday on the tech company's guidance for sales to fall in the current quarter.  The networking equipment maker said China's COVID lockdowns have hurt its supply chain.  It forecast a fiscal Q4 revenue decline of 1% to 5% vs. expectations of 5.9% growth year over year.  Cisco stock tumbled Thursday after the tech heavyweight warned its current-quarter sales will fall as COVID lockdowns in China have disrupted supply chains. The networking equipment maker and services provider late Wednesday said it expects fiscal fourth-quarter sales to decline between 1% and 5% from the same period a year earlier. Analysts polled by FactSet had been looking for a 5.9% expansion to $13.9 billion. The stock dropped by as much as 14% to $41.36, the lowest price since November 2020, and the 24 million shares exchanged outstripped average daily volume of about 22 million shares within the first hour of trade. Cisco said it saw "solid demand" during its fiscal third quarter but sales were hurt by coronavirus lockdowns in China and the war in Ukraine launched by Russia in late February. The situation in China remains a pressure point in its current fiscal fourth quarter. "Shanghai now is saying they're going to open up June 1. We don't know exactly what that means," and what impact that will have on securing parts that it needs for production, Cisco CEO Chuck Robbins said on the company's conference call, according to a transcript."And correspondingly we believe when they open up and when they do allow transportation logistics to start up, we believe there is going to be a high degree of congestion," with sharp competition for access ports and airports, he said. Robbins said Cisco had "experienced an entire quarter of the China lockdowns," with work seizing up primarily in Shanghai. Officials in the country's most populous city ordered millions of people in late March to stay at home from work to slow the spread of the respiratory disease.Cisco's "inability to get power supplies out of China" led to a $300 million reduction in third-quarter revenue and sales were hurt by $200 million because of Russia's war in Ukraine, said Robbins who also serves as chairman. The company said it sees constraints on about 350 critical components out of 41,000 in the fourth quarter. "Our supply chain team is aggressively pursuing multiple options to close those shortages," Scott Herren, Cisco's chief financial officer, said in late Wednesday's conference call.Third-quarter adjusted earnings were 87 cents a share on flat revenue of $12.8 billion. Analysts had expected 86 cents a share in adjusted earnings on $13.3 billion in revenue. Read the original article on Business Insider.....»»

Category: topSource: businessinsider11 hr. 15 min. ago Related News

19 valuable pieces of advice from the best graduation speeches of all time

Taylor Swift's NYU speech called on graduates to embrace their mistakes and said, "a lot of the time, when we lose things, we gain things too." Taylor Swift delivers the commencement address to New York University graduates, in New York on May 18, 2022.Dia Dipasupil/Getty Images Most commencement speeches tend to follow a similar formula. However, some are so inspiring they are remembered long after graduation. Taylor Swift told the NYU class of 2022 that perfection is unattainable. "Ditch the dream and be a doer, not a dreamer." — Shonda Rhimes' 2014 speech at Dartmouth CollegeShonda Rhimes at Dartmouth College.Dartmouth/YouTubeThe world's most powerful showrunner told grads to stop dreaming and start doing.The world has plenty of dreamers, she said. "And while they are busy dreaming, the really happy people, the really successful people, the really interesting, engaged, powerful people, are busy doing." She pushed grads to be those people."Ditch the dream and be a doer, not a dreamer," she advised — whether or not you know what your "passion" might be. "The truth is, it doesn't matter. You don't have to know. You just have to keep moving forward. You just have to keep doing something, seizing the next opportunity, staying open to trying something new. It doesn't have to fit your vision of the perfect job or the perfect life. Perfect is boring and dreams are not real," she said.Read the transcript and watch the video."Empathy and kindness are the true signs of emotional intelligence." — Will Ferrell's 2017 speech at the University of Southern CaliforniaWill Ferrell at the University of Southern California.Jerritt Clark/Getty ImagesComedian Will Ferrell, best known for lead roles in films like "Anchorman," "Elf," and "Talledega Nights," delivered a thoughtful speech to USC's graduating class of 2018."No matter how cliché it may sound, you will never truly be successful until you learn to give beyond yourself," he said. "Empathy and kindness are the true signs of emotional intelligence, and that's what Viv and I try to teach our boys. Hey Matthias, get your hands of Axel right now! Stop it. I can see you. Okay? Dr. Ferrell's watching you."He also offered some words of encouragement: "For many of you who maybe don't have it all figured out, it's okay. That's the same chair that I sat in. Enjoy the process of your search without succumbing to the pressure of the result."He even finished off with a stirring rendition of the Whitney Houston classic, "I Will Always Love You." He was, of course, referring to the graduates.Read the transcript and watch the video."As you leave this room don't forget to ask yourself what you can offer to make the 'club of life' go up? How can you make this place better, in spite of your circumstances?" — Issa Rae's 2021 speech at Stanford UniversityIssa Rae in HBO's "Insecure."Merie W. Wallace/HBOIn the speech, Rae pulled lyrics from Boosie Badazz, Foxx, and Webbie's "Wipe Me Down," which she said she and her friends played on a boombox during the "Wacky Walk" portion of their own 2007 graduation ceremony at Stanford, to illustrate the importance of seeing "every opportunity as a VIP — as someone who belongs and deserves to be here." Rae particularly drew attention to one line from the song that reads, "I pull up at the club, VIP, gas tank on E, but all dranks on me. Wipe me down.""To honor the classic song that has guided my own life — as you leave this room, don't forget to ask yourself what you can offer to make the 'club of life' go up. How can you make this place better, in spite of your circumstances?" she said. "And as you figure those things out, don't forget to step back and wipe yourselves down, wipe each other down and go claim what's yours like the VIPs that you are."Read the transcript and watch the video."Not everything that happens to us happens because of us." — Sheryl Sandberg's 2016 speech at UC BerkeleySheryl Sandberg speaks during a forum in San Francisco.AP Photo/Eric RisbergDuring the Facebook COO's deeply personal commencement speech about resilience at UC Berkeley, she spoke on how understanding the three Ps that largely determine our ability to deal with setbacks helped her cope with the loss of her husband, Dave Goldberg.She outlined the three Ps as:· Personalization: Whether you believe an event is your fault.· Pervasiveness: Whether you believe an event will affect all areas of your life.· Permanence: How long you think the negative feelings will last."This is the lesson that not everything that happens to us happens because of us," Sandberg said about personalization. It took understanding this for Sandberg to accept that she couldn't have prevented her husband's death. "His doctors had not identified his coronary artery disease. I was an economics major; how could I have?"Read the transcript and watch the video."If you really learn how to pay attention, then you will know there are other options." — David Foster Wallace's 2005 speech at Kenyon CollegeDavid Foster Wallace at Kenyon College.Steve RhodesIn his now-legendary "This Is Water" speech, the author urged grads to be a little less arrogant and a little less certain about their beliefs."This is not a matter of virtue," Wallace said. "It's a matter of my choosing to do the work of somehow altering or getting free of my natural, hard-wired default setting, which is to be deeply and literally self-centered and to see and interpret everything through this lens of self."Doing that will be hard, he said. "It takes will and effort, and if you are like me, some days you won't be able to do it, or you just flat won't want to."But breaking free of that lens can allow you to truly experience life, to consider possibilities beyond your default reactions."If you're automatically sure that you know what reality is, and you are operating on your default setting, then you, like me, probably won't consider possibilities that aren't annoying and miserable," he said. "But if you really learn how to pay attention, then you will know there are other options. It will actually be within your power to experience a crowded, hot, slow, consumer-hell type situation as not only meaningful, but sacred, on fire with the same force that made the stars: love, fellowship, the mystical oneness of all things deep down."Read the transcript and watch the video."Be the heroine of your life, not the victim." — Nora Ephron's 1996 speech at Wellesley CollegeNora Ephron.Joe Corrigan/Stringer/Getty ImagesAddressing her fellow alums with trademark wit, Ephron reflected on all the things that had changed since her days at Wellesley — and all the things that hadn't."My class went to college in the era when you got a master's degrees in teaching because it was 'something to fall back on' in the worst case scenario, the worst case scenario being that no one married you and you actually had to go to work," she said. But while things had changed drastically by 1996, Ephron warned grads not to "delude yourself that the powerful cultural values that wrecked the lives of so many of my classmates have vanished from the earth." "Above all, be the heroine of your life, not the victim," she said. "Maybe young women don't wonder whether they can have it all any longer, but in case any of you are wondering, of course you can have it all. What are you going to do? Everything, is my guess. It will be a little messy, but embrace the mess. It will be complicated, but rejoice in the complications."Read the transcript and watch the video."Our problems are manmade — therefore, they can be solved by man." — John F. Kennedy's 1963 speech at American UniversityJohn F. Kennedy at American University.Ted Streshinsky Photographic Archive/Getty ImagesAgainst the tumult of the early '60s, Kennedy inspired graduates to strive for what may be the biggest goal of them all: world peace."Too many of us think it is impossible," he said. "Too many think it unreal. But that is a dangerous, defeatist belief. It leads to the conclusion that war is inevitable — that mankind is doomed — that we are gripped by forces we cannot control."Our job is not to accept that, he urged. "Our problems are manmade — therefore, they can be solved by man. And man can be as big as he wants." Read the transcript and watch the video."Err in the direction of kindness." — George Saunders' 2013 speech at Syracuse UniversityGeorge Saunders.Evan Agostini/Invision/AP ImagesSaunders stressed what turns out to be a deceptively simple idea: the importance of kindness. "What I regret most in my life are failures of kindness," he said. "Those moments when another human being was there, in front of me, suffering, and I responded ... sensibly. Reservedly. Mildly." But kindness is hard, the writer said. It's not necessarily our default. In part, he explained, kindness comes with age. "It might be a simple matter of attrition: as we get older, we come to see how useless it is to be selfish — how illogical, really." The challenge he laid out: Don't wait. "Speed it along," he urged. "Start right now.""There's a confusion in each of us, a sickness, really: selfishness," Saunders said. "But there's also a cure. So be a good and proactive and even somewhat desperate patient on your own behalf — seek out the most efficacious anti-selfishness medicines, energetically, for the rest of your life.""Do all the other things, the ambitious things — travel, get rich, get famous, innovate, lead, fall in love, make and lose fortunes, swim naked in wild jungle rivers (after first having it tested for monkey poop) – but as you do, to the extent that you can, err in the direction of kindness."Read the transcript and watch the video."Life is an improvisation. You have no idea what's going to happen next and you are mostly just making things up as you go along." — Stephen Colbert's 2011 speech at Northwestern UniversityStephen Colbert.Joshua Lott/AP ImagesThe comedian and host of the "Late Show" told grads they should never feel like they have it all figured out."Whatever your dream is right now, if you don't achieve it, you haven't failed, and you're not some loser. But just as importantly — and this is the part I may not get right and you may not listen to — if you do get your dream, you are not a winner," Colbert said.It's a lesson he learned from his improv days. When actors are working together properly, he explained, they're all serving each other, playing off each other on a common idea. "And life is an improvisation. You have no idea what's going to happen next and you are mostly just making things up as you go along. And like improv, you cannot win your life," he said.Red the transcript and watch the video."Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose." — Steve Jobs' 2005 speech at Stanford UniversitySteve Jobs at Stanford University.Linda A. Cicero/Stanford News ServiceIn a remarkably personal address, the Apple founder and CEO advised graduates to live each day as if it were their last."Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life," he said. He'd been diagnosed with pancreatic cancer a year earlier."Because almost everything — all external expectations, all pride, all fear of embarrassment or failure — these things just fall away in the face of death, leaving only what is truly important," he continued. "Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart."Jobs said this mindset will make you understand the importance of your work. "And the only way to do great work is to love what you do," he said. "If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it."Settling means giving in to someone else's vision of your life — a temptation Jobs warned against. "Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition."Read the transcript and watch the video."We can learn to live without the sick excitement, without the kick of having scores to settle." — Kurt Vonnegut's 1999 speech at Agnes Scott CollegeKurt Vonnegut at Agnes Scott College.C-SPANThe famed author became one of the most sought-after commencement speakers in the United States for many years, thanks to his insights on morality and cooperation. At Agnes Scott, he asked graduates to make the world a better place by respecting humanity — and living without hate. Hammurabi lived 4,000 years ago, he pointed out. We can stop living by his code."We may never dissuade leaders of our nation or any other nation from responding vengefully, violently, to every insult or injury. In this, the Age of Television, they will continue to find irresistible the temptation to become entertainers, to compete with movies by blowing up bridges and police stations and factories and so on," he said."But in our personal lives, our inner lives, at least, we can learn to live without the sick excitement, without the kick of having scores to settle with this particular person, or that bunch of people, or that particular institution or race or nation. And we can then reasonably ask forgiveness for our trespasses, since we forgive those who trespass against us."The result, he said, would be a happier, more peaceful, and more complete existence.Read the partial transcript and watch the video."If it doesn't feel right, don't do it." — Oprah Winfrey's 2008 speech at Stanford UniversityOprah Winfrey at Stanford University.YouTube/Stanford UniversityThe media mogul told Stanford's class of 2008 that they can't sacrifice happiness for money. "When you're doing the work you're meant to do, it feels right and every day is a bonus, regardless of what you're getting paid," she said.She said you can feel when you're doing the right thing in your gut. "What I know now is that feelings are really your GPS system for life. When you're supposed to do something or not supposed to do something, your emotional guidance system lets you know," she said.She explained that doing what your instincts tells you to do will make you more successful because it will drive you to work harder and will save you from debilitating stress."If it doesn't feel right, don't do it. That's the lesson. And that lesson alone will save you, my friends, a lot of grief," Winfrey said. "Even doubt means don't. This is what I've learned. There are many times when you don't know what to do. When you don't know what to do, get still, get very still, until you do know what to do."Read the transcript and watch the video."The difference between triumph and defeat, you'll find, isn't about willingness to take risks — it's about mastery of rescue." — Atul Gawande's 2012 speech at Williams CollegeAtul Gawande.Neilson Barnard/Getty ImagesPushing beyond the tired "take risks!" commencement cliché, the surgeon, writer, and activist took a more nuanced approach: what matters isn't just that you take risks; it's how you take them.To explain, he turned to medicine."Scientists have given a new name to the deaths that occur in surgery after something goes wrong — whether it is an infection or some bizarre twist of the stomach," said Gawande. "They call them a 'Failure to Rescue.' More than anything, this is what distinguished the great from the mediocre. They didn't fail less. They rescued more."What matters, he said, isn't the failure — that's inevitable — but what happens next. "A failure often does not have to be a failure at all. However, you have to be ready for it. Will you admit when things go wrong? Will you take steps to set them right? — because the difference between triumph and defeat, you'll find, isn't about willingness to take risks. It's about mastery of rescue."Read the transcript and watch the video."Your job is to create a world that lasts forever." — Stephen Spielberg's 2016 speech at HarvardSteven Spielberg at Harvard.Harvard"This world is full of monsters," director Steven Spielberg told Harvard graduates, and it's the next generation's job to vanquish them."My job is to create a world that lasts two hours. Your job is to create a world that lasts forever," he said.These monsters manifest themselves as racism, homophobia, and ethnic, class, political, and religious hatred, he said, noting that there is no difference between them: "It is all one big hate."Spielberg said that hate is born of an "us versus them" mentality, and thinking instead about people as "we" requires replacing fear with curiosity."'Us' and 'them' will find the 'we' by connecting with each other, and by believing that we're members of the same tribe, and by feeling empathy for every soul," he said.Read the transcript and watch the video. "There are few things more liberating in this life than having your worst fear realized." — Conan O'Brien's 2011 speech at Dartmouth CollegeConan O'Brien at Dartmouth College.Dartmouth CollegeIn his hilarious 2011 address to Dartmouth College, the late-night host spoke about his brief run on "The Tonight Show" before being replaced by Jay Leno. O'Brien described the fallout as the lowest point in his life, feeling very publicly humiliated and defeated. But once he got back on his feet and went on a comedy tour across the country, he discovered something important."There are few things more liberating in this life than having your worst fear realized," he said.He explained that for decades the ultimate goal of every comedian was to host "The Tonight Show," and like many comedians, he thought achieving that goal would define his success. "But that is not true. No specific job or career goal defines me, and it should not define you," he said.He noted that disappointment is a part of life, and the beauty of it is that it can help you gain clarity and conviction."It is our failure to become our perceived ideal that ultimately defines us and makes us unique," O'Brien said. "It's not easy, but if you accept your misfortune and handle it right, your perceived failure can be a catalyst for profound re-invention." O'Brien said that dreams constantly evolve, and your ideal career path at 22 years old will not necessarily be the same at 32 or 42 years old. "I am here to tell you that whatever you think your dream is now, it will probably change. And that's okay," he said.Read the transcript and watch the video."You are your own stories." — Toni Morrison's 2004 speech at Wellesley CollegeToni Morrison at Wellesley College.Lisa Poole/AP ImagesInstead of the usual commencement platitudes — none of which, Morrison argued, are true anyway — the Nobel Prize-winning writer asked grads to create their own narratives. "What is now known is not all what you are capable of knowing," she said. "You are your own stories and therefore free to imagine and experience what it means to be human without wealth. What it feels like to be human without domination over others, without reckless arrogance, without fear of others unlike you, without rotating, rehearsing and reinventing the hatreds you learned in the sandbox."In your own story, you can't control all the characters, Morrison said. "The theme you choose may change or simply elude you. But being your own story means you can always choose the tone. It also means that you can invent the language to say who you are and what you mean." Being a storyteller reflects a deep optimism, she said — and as a storyteller herself, "I see your life as already artful, waiting, just waiting and ready for you to make it art."Read the transcript and watch the video."I wake up in a house that was built by slaves." — Michelle Obama's 2016 speech at the City College of New YorkMichelle Obama at the City College of New York.Spencer Platt/Getty ImagesIn her 23rd and final commencement speech as First Lady, Michelle Obama urged the Class of 2016 to pursue happiness and live out whatever version of the American Dream is right for them."It's the story that I witness every single day when I wake up in a house that was built by slaves," she said, "and I watch my daughters — two beautiful, black young women — head off to school waving goodbye to their father, the President of the United States, the son of a man from Kenya who came here to America for the same reasons as many of you: To get an education and improve his prospects in life.""So, graduates, while I think it's fair to say that our Founding Fathers never could have imagined this day," she continued, "all of you are very much the fruits of their vision. Their legacy is very much your legacy and your inheritance. And don't let anybody tell you differently. You are the living, breathing proof that the American Dream endures in our time. It's you."Read the transcript and watch the video."Call upon your grit. Try something." — Tim Cook's 2019 speech at Tulane UniversityTim Cook at Tulane University.Josh Brasted/Getty ImagesApple CEO Tim Cook delivered the 2019 commencement speech for the graduates of Tulane University, offering valuable advice on success."We forget sometimes that our preexisting beliefs have their own force of gravity," Cook said. "Today, certain algorithms pull toward you the things you already know, believe, or like, and they push away everything else. Push back.""You may succeed. You may fail. But make it your life's work to remake the world because there is nothing more beautiful or more worthwhile than working to leave something better for humanity."Read the transcript and watch the video."My experience has been that my mistakes led to the best things in my life." — Taylor Swift's 2022 speech at New York UniversityTaylor Swift delivers the commencement address to New York University graduates on May 18, 2022.Dia Dipasupil/Getty ImagesIn her first public appearance of 2022, Taylor Swift poked fun at her "cringe" fashion moments and her experience of growing up in the public eye, which led to receiving a lot of unsolicited career advice."I became a young adult while being fed the message that if I didn't make any mistakes, all the children of America would grow up to be perfect angels. However, if I did slip up, the entire Earth would fall off its axis and it would be entirely my fault and I would go to pop star jail forever and ever," Swift said in her speech. "It was all centered around the idea that mistakes equal failure and ultimately, the loss of any chance at a happy or rewarding life.""This has not been my experience," she continued. "My experience has been that my mistakes led to the best things in my life."She also alluded to her past feud with Kanye West, joking that "getting canceled on the internet and nearly losing my career gave me an excellent knowledge of all the types of wine."She elaborated, saying that losing things doesn't just mean losing."A lot of the time, when we lose things, we gain things too," she said. Read the transcript and watch the video.Read the original article on Business Insider.....»»

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Disney Plus costs $8 a month for ad-free streaming, but a cheaper plan with ads is coming in late 2022

Disney Plus is available for $8/month or $80/year. Bundles with Hulu and ESPN+ start at $14/month, and you can add live TV for $70/month. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Alyssa Powell/Business Insider Disney Plus costs $8 a month or $80 a year for ad-free streaming. You can also bundle Disney Plus with Hulu and ESPN+ for a starting price of $14/month. A cheaper Disney Plus plan with ads is set to launch in late 2022 but the price is still unknown. Disney Plus Monthly Subscription Service$7.99 FROM DISNEY+Disney Plus costs $8 a month, making it cheaper than competing streaming services like HBO Max and Netflix. The low price helped Disney Plus amass more than 138 million subscribers since its launch in November 2019, and Disney now expects to reach more than 230 million subscribers by September 2024.The next step in reaching that goal will involve a new, cheaper Disney Plus plan that features commercials. In March, Disney said an ad-supported plan will launch in the US in late 2022. The price of the ad-supported tier has yet to be confirmed.The standard, commercial-free version of Disney Plus can also be bundled with Hulu and ESPN+ for $14 a month. Deals on Disney Plus are occasionally available through companies like Verizon, which offers a complimentary Disney Plus subscription with some of its cell plans.Below, you can find detailed information about the cost and features of Disney Plus and its various bundles.How much does Disney Plus cost? There are a few different Disney Plus prices depending on whether you want to pay on a monthly basis, commit to an annual subscription, or bundle Disney Plus with Hulu and ESPN+.Most recent Disney Plus pricing options:Disney Plus planPriceDisney Plus monthly subscription: $8 a monthDisney Plus annual subscription: $80 a yearDisney Plus, Hulu, and ESPN+ bundle: $14 a monthDisney Plus, Hulu (ad-free), and ESPN+ bundle:$20 a monthDisney Plus, Hulu + Live TV, and ESPN+ bundle: $70 a monthDisney Plus, Hulu (ad-free) + Live TV, and ESPN+ bundle:$76 a monthWhat's included in the regular monthly price? Ad-free streaming of thousands of Disney movies and TV shows, including original movies, series, and documentaries exclusive to Disney PlusUp to 4K playback with HDR, Dolby Vision, and IMAX-enhanced support on select titles.Unlimited downloadsAbility to stream on four devices simultaneouslyAbility to add up to seven profiles A GroupWatch feature for syncing playback with friends and family.Does Disney Plus have an ad-supported plan?Disney has announced plans to offer a cheaper subscription plan with commercials. The ad-supported option is set to launch in the US starting in late 2022, but the price hasn't been announced.According to reports from Variety, Disney plans to limit commercials to four minutes per hour. Disney Plus will also not allow ads for alcohol or political messages. The service will deny ads from rival streaming services and entertainment studios as well.International markets can expect to see the ad-supported Disney Plus plan in 2023.What is Disney Plus Premier Access?Marvel's "Black Widow" was released on Disney Plus with Premier Access.Marvel StudiosThough the full Disney Plus catalog is included with a standard subscription price, Disney occasionally offers early access to select titles that are still playing in theaters for an additional $30 fee. This option is called "Premier Access."The first Disney Plus Premier Access movie was "Mulan," released in September 2020. Disney followed up by releasing "Raya and the Last Dragon," "Cruella," Marvel's "Black Widow," and "Jungle Cruise" via Premier Access during 2021. All of these movies were eventually added to the Disney Plus catalog after about three months in Premier Access.Disney has not announced plans to release any Premier Access movies in 2022.How does the price of Disney Plus compare to the cost of other streaming services? Disney Plus offers a competitive price. Here's how it compares to other popular, on-demand streaming services. The prices shown are for the ad-free plans (if applicable). Disney Plus price compared to streaming competitors:ServicePriceDisney Plus:$8 a monthNetflix:$10 to $20 a month Hulu:$13 a month Amazon Prime Video: $9 a monthApple TV Plus: $5 a monthHBO Max:$15 a monthPeacock Premium Plus:$10 a monthParamount Plus:$10 a monthWhat are the Disney Plus bundle options?If you want to watch sports content and additional movies and TV shows from non-Disney sources, you should consider the Disney Plus bundle option with Hulu and ESPN+.The Disney Plus, Hulu, and ESPN+ bundle currently costs $14 a month. If you sign up for each of these services individually, the total would come out to $22 a month. This means that you can enjoy an $8 discount when bundling the three together.Existing Disney Plus or ESPN+ subscribers can upgrade to the bundle without having to cancel their current memberships. To upgrade and save, you can visit the Disney Plus bundle page here. It should be noted the version of Hulu included in the bundle by default still features ads. If you pay a bit more, however, you can upgrade to the ad-free or live TV versions of Hulu and still take advantage of the bundle discount.You can find detailed instructions for bundling different versions of Hulu with Disney Plus and ESPN+ here. Disney Plus Monthly Subscription Service$7.99 FROM DISNEY+Disney+/Hulu/ESPN+ Bundle Monthly Subscription$13.99 FROM DISNEY+Hulu + Live TV$69.99 FROM HULURead the original article on Business Insider.....»»

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"Warning lights flashing": the US military is offering record amounts of cash to head off a recruiting crisis

The US military is using record-level enlistment and retention bonuses to attract and keep troops, and those bonuses continue to increase. US Marine Corps recruits do crunches at Marine Corps Recruit Depot San Diego, February 19, 2016.Lance Cpl. Angelica Annastas US military recruiting faces major headwinds as troops leave service and a tight job market lures away potential recruits. The services are using record-level enlistment and retention bonuses to attract and keep troops, and those bonuses continue to increase. Hints that the armed services might soon face a problem keeping their ranks full began quietly, with officials spending the last decade warning that a dwindling slice of the American public could serve.Only about one-quarter of young Americans are even eligible for service these days, a shrinking pool limited by an increasing number of potential recruits who are overweight or are screened out due to minor criminal infractions, including the use of recreational drugs such as marijuana.But what had been a slow-moving trend is reaching crisis levels, as a highly competitive job market converges with a mass of troops leaving as the coronavirus pandemic subsides, alarming military planners.Read Next: Medical Forces Could Be Shorthanded During War Due to Planned Cuts, Milley Says"Not two years into a pandemic, and we have warning lights flashing," Maj. Gen. Ed Thomas, the Air Force Recruiting Service commander, wrote in a memo — leaked in January — about the headwinds his team faces.For now, the services are leaning on record-level enlistment and retention bonuses meant to attract and keep America's military staffed and ready — bonuses that continue to climb.In an interview with Military.com last month, Thomas didn't mince words. He knows he is competing against the private sector to hire people, from technology giants to regional gas stations."If you want to work at Buc-ee's along I-35 in Texas, you can do it for [a] $25-an-hour starting salary," Thomas said. "You can start at Target for $29 an hour with educational benefits. So you start looking at the competition: Starbucks, Google, Amazon. The battle for talent amidst this current labor shortage is intense."Trainees at the 120th Adjutant General Battalion at Fort Jackson in South Carolina, October 30, 2019.Alexandra Shea/Fort Jackson Public AffairsPaired with those competitive offers for workers are a large number of service members retiring, some having delayed leaving the ranks during a pandemic that saw huge instability in the job market.Since fiscal 2020, the US Department of Labor's Veterans' Employment and Training Service — known as VETS — has anticipated that around 150,000 service members would transition out of the military annually as part of its budget justification documents.But in 2020, the Transition Assistance Program, or TAP, the congressionally mandated classes that prepare troops for life outside the military, helped counsel 193,968 service members on their way out of the military, said Lisa Lawrence, a Pentagon spokesperson. That's nearly one-third more newly minted veterans than the Labor Department had planned for.In 2021, that number grew to 196,413. Prior to 2020, the Department of Defense did not report the total number of TAP-eligible service members transitioning, although Lawrence said the number has been somewhere between 190,000 and 200,000 annually in recent years.Payouts aimed at attracting new service members to replace those outgoing veterans are at all-time highs. The Army started offering recruiting bonuses of up to $50,000 in January, and last month the Air Force began promoting up to $50,000 — the most it can legally offer — for certain career fields.The Navy followed with its offer of $25,000 to those willing to ship out in a matter of weeks. It says the bonuses are the result of an "unprecedentedly competitive job market."Cmdr. Dave Benham, a spokesman for the sea service's recruiting command, told Military.com in a recent phone interview that "the private sector is doing things we haven't seen them do before to try and attract talent, so we have to stay competitive."Benham said the scope of the Navy's offer — a minimum of $25,000 to ship out before June — has "never happened before to anybody's collective knowledge around here."Courting and paying for talentUS Army recruits training at Fort Benning.Barry Williams/Getty ImagesThe pandemic economy has placed private-sector workers in the driver's seat, pushing employers to offer more lucrative incentives such as better benefits, flexible work-from-home schedules or massive signing bonuses to make hires. That is putting major pressure on the military as it tries to attract recruits who may be considering the civilian job market.It's all been complicated by the military's myriad of other difficulties getting new troops in the door, such as recruiting efforts quashed by the pandemic, a shrinking pool of eligible recruits, and social media silos complicating advertising.And amid public scandals, such as the 2020 murder of Vanessa Guillén and suicides on the aircraft carrier USS George Washington, military service may seem like a less attractive choice for young Americans."This is arguably the most challenging recruiting year since the inception of the all-volunteer force," Lt. Gen. David Ottignon, the Marine Corps officer in charge of manpower, told the Senate during a public hearing April 27.All of the military's service branches are scrambling to find ways to compete for a younger generation of talent that has plenty of employment opportunities."The military provides a wonderful option for young people, but it's not the only option and so recruiters, I think just like other employers, are trying to understand what the different options are for young people and to address those effectively," said Joey Von Nessen, an economics professor at the University of South Carolina.The bonuses that serve as one of the most immediately tangible lures for new recruits, while escalating, aren't uniform across or even within the services.Most of the bonuses offered for new Air Force recruits range around $8,000 for certain career fields. But for two of the most dangerous jobs, Special Warfare operations and explosive ordnance disposal, the service is making its maximum allowed offer of $50,000 for people to join."It is necessary. I think these are two of our hardest career fields to recruit toward," said Col. Jason Scott, chief of operations for the Air Force Recruiting Service. "It is absolutely necessary to do $50,000 for each of those, and actually $50,000 is the highest initial enlistment bonus amount that we can give."New Marine Corps recruits make their initial phone calls home at Marine Corps Recruit Depot San Diego, May 21, 2018.US Marine Corps/Lance Cpl. Christian M. GarciaOverall, the Air Force is dedicating $31 million to recruiting bonuses in 2022, nearly double what was originally planned for.The Army faces the same problem — and is putting up the same big offers."We're in a search for talent just like corporate America and other businesses; almost everyone has the same issue the military does right now," Maj. Gen. Kevin Vereen, head of US Army Recruiting Command, told Military.com. "We're trying to match incentives for what resonates. For example, financial incentives. Nobody wants to be in debt, so we're offering sign-up bonuses at a historic rate."We've never offered $50,000 to join the Army," he added.In addition to the sign-on bonuses, the Army is also offering new recruits their first duty station of choice — an unprecedented move as new soldiers are typically placed at random around the world. New recruits can choose locations such as Alaska, Fort Drum in New York, and Fort Carson in Colorado."Youth today want to make their own decisions. We're letting them do that," Vereen said.The services are also trying to keep troops from leaving, knowing that a raft of employment opportunities are available for them if they get fed up with military life.The Army, Air Force and Navy have all announced reenlistment bonuses for certain career fields and specialties, some of them in the six-figure range.The Air Force is offering up to $100,000 reenlistment bonuses based on experience and career field. The Navy is also offering those incentives, with fields such as network cryptologists and nuclear technicians making anywhere from $90,000 to $100,000. The Army is offering a more modest cap of $81,000 to reenlist for some jobs.Anecdotally, military families are describing on social media an inability to find open slots for TAP's sessions. Each in-person class is generally limited to 50 people, but Lawrence, the Pentagon spokesperson, denied the program is being overwhelmed since classes are also available in live online, on-demand or hybrid formats.The urgency described by leaders who are putting their money toward keeping skilled service members is a sign of the worry about a brain drain.Unlike the broader enlistment bonuses, many military career fields don't offer cash for reenlistment, and some of these incentives existed prior to the pandemic. But the job market has put pressure on the services to pay up to keep service members in the force.Overweight and hard to reachUS Navy recruits march in formation at Recruit Training Command in Great Lakes, Illinois, May 14, 2020.US Navy/Seaman Amy JohnsonThe military's difficulties attracting recruits go far beyond making the right bonus offer. The forces working against recruiting increased during the grinding global pandemic — lockdowns kept recruiters home and young Americans are refusing vaccines, for example — and are also rooted in longer-term societal shifts in physical fitness and communication."The aggregate effects of two years of COVID is that is two years of not being in high school classrooms, two years of not having air shows and major public events like being in those public spaces, where our potential applicants or potential recruits are getting personal exposure, face-to-face relationships with military recruiters," Thomas said.Only about 40% of Americans who are of prime recruiting age are vaccinated against the virus. Outright refusal to get the shot immediately precludes joining the force and short-circuits any pitch from recruiters. COVID vaccines are among at least a dozen inoculations mandated by the Defense Department."Seventeen-to-24-year-olds are not getting vaccinated, and those [are] people we aren't having a conversation with," Vereen said.Even when potential recruits are interested and big bonuses motivate them to sign on the dotted line, only about 23% of young Americans are even eligible for service.Past legal run-ins or a drug history prevent potential recruits from joining, and more and more Americans are overweight. According to the Centers for Disease Control and Prevention, 40% of adults aged 20 to 39 are obese. That problem has been deemed a national security risk by some because it causes an increasingly shallow pool of potential recruits.The confluence of challenges has others loudly alerting the public that there's a problem.Sen. Thom Tillis, R-North Carolina, the ranking member of the Senate Armed Services Committee personnel panel, says the military is on the cusp of a recruiting crisis.Marine recruits line up for chow.Sgt. Dana Beesley/US Marine Corps"To put it bluntly, I am worried we are now in the early days of a long-term threat to the all-volunteer force. [There is] a small and declining number of Americans who are eligible and interested in military service," Tillis said during an April 27 hearing.He added that "every single metric tracking the military recruiting environment is going in the wrong direction." Just 8% of young Americans have seriously considered joining the military, while only 23% are eligible to enlist, according to Tillis.Meanwhile, the prime demographic for recruiting — 17-to-24-year-olds — is getting harder to reach. The military is running high production value recruiting ads on TV, but most younger Americans are watching YouTube, Twitch and other streaming services.On those platforms, ads are dictated by algorithms based on a person's search history, and prime-age viewers may never be exposed to recruiting spots if they don't already have a general interest in the military.The military has relied on Facebook, with its user base that skews much older, and Instagram pointing users to ads based on their existing interests. The Defense Department banned TikTok from government-issued phones in 2019, shutting out Generation Z's social media platform of choice. However, some recruiters have ignored the ban on the Chinese-owned platform, which is seen by some as a security risk."I know a lot of young people are on TikTok and we're not," Vereen said.When the military does get widespread exposure and makes the news, it can be due to scandals such as the slaying of Guillén at Fort Hood, Texas, or other problems that raise questions about safety and the quality of life in the services.Following a wave of suicides and disclosure of a lack of basic amenities such as hot water and ventilation aboard the George Washington, Master Chief Petty Officer Russell Smith, the Navy's top enlisted leader, was asked by a sailor why the service was spending so much on new recruits, specifically mentioning the hefty $25,000 bonus."I gotta use those bonuses to compel something. ... A post-COVID workforce doesn't love the idea that they have to, they actually have to go to work, talk to people, see them face-to-face, exchange ideas and do work," Smith told the crew, according to a Navy-provided transcript. "They would rather phone it in or work from home somehow and, with the military, you just can't do that."US Navy recruits in the galley of the USS Triton barracks at Recruit Training Command.Scott A. Thornbloom/US NavySome sailors said it didn't seem like the service was prioritizing making its current ranks happy or financially incentivizing them to stick around. Smith said the Navy already offers some bonuses to in-demand specialties and that if a particular job doesn't offer one it's because enough of those sailors "love the work that they do ... and when they do, I don't have to use money as leverage."Smith also told the sailor that he "can compel [them] to stay right here for eight years." Most contracts have an inactive period of reserve service built in following the end of active duty that the Navy can tap into."So, you want me finding sailors to come in and relieve you on time," Smith added.The military services hope the new bonuses will overcome all the difficulties and that they will meet recruiting goals for the year. But the numbers are not encouraging so far.The Army has an uphill climb for the rest of the year, having recruited just 23% of its target in the first five months of the fiscal year.The Navy said that, in order to reach its recruiting goal this year, it will have to reduce the delayed-entry program — allowing someone to enlist before they plan on actually shipping out — to below "historic norms," which could in turn cause recruiting issues in future years.There's likely no relief in sight, according to experts.US population demographics are going in the wrong direction and will make the recruiting job increasingly hard. The millennial and Gen-Z generations are smaller than previous generations, meaning there is a dwindling workforce to pull from. And only a small percentage of those youths appear likely to meet the physical qualifications to join in the first place."I think it's likely that the labor shortage is going to be long-lasting," Von Nessen said. "This is not a short-term phenomenon. It was exacerbated by the pandemic, but it wasn't created by the pandemic exclusively."— Thomas Novelly can be reached at thomas.novelly@military.com. Follow him on Twitter @TomNovelly.— Konstantin Toropin can be reached at konstantin.toropin@military.com. Follow him on Twitter @ktoropin.— Steve Beynon can be reached at Steve.Beynon@military.com. Follow him on Twitter @StevenBeynon.— Rebecca Kheel can be reached at rebecca.kheel@military.com. Follow her on Twitter @reporterkheel.Related: Space Force Offering Bonuses Up to $20,000 for New Guardians with Tech BackgroundsRead the original article on Business Insider.....»»

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