The 2008 financial crisis was one of the worst in the history of the United States. The reasons behind it are numerous, and there is still vigorous debate about the role that various policies, financial vehicles, institutions and people played in bringing about the worst financial catastrophe since the Great Depression.
However, everyone who has studied the 2008 debacle almost universally agrees that certain financial instruments and the extremely loose regulations surrounding them were chief culprits. So-called mortgage-backed securities and credit default swaps were key components in the economic bomb that ultimately exploded, nearly bringing down the entire financial edifice of the United States with it.
Shervin Pishevar, one of the most successful entrepreneurs in Silicon Valley, recently unleashed a flurry of tweets on his account, which is followed by nearly 100,000 people. One of the more provocative ideas that Shervin Pishevar put forth was that some of the same dynamics that led to the 2008 crash are now being repeated, and for much the same reasons. Shervin Pishevar believes that volatility indexes and the funds that are centered around them are essentially scams, fueled by the same base motivations that led to the rise of collateralized debt obligations and credit default swaps.
Pishevar says that the real reason behind the huge popularity of volatility indexes, prior to their momentous crash last February, was the simple fact that many fund managers want to create volatility because that is what they are incentivized to do. Pishevar points out that the way that many fund managers are compensated is equivalent to a classical principal-agent scam. The manager wants to create as much volatility as possible because he is able to participate in the upside without personally assuming any of the downside risk. That means that the more frequently the fund registers huge wins, the more the manager will actually be paid over the long term.
Shervin Pishevar strongly warns that all investors should read and understand a fund’s prospectus before investing. In particular, they need to carefully read and, if need be, go over with a professional the compensation structure of the fund, making sure that the management is not incentivized to run very costly scams with the investors’ money.
Staying 20 Into Your 60’s
The coolest thing about starting your own business is that you can finally show the world what you’re all about and make people smile in the way that you always wanted to. This is precisely what Jeunesse’s founders Wendy and Randy wound up doing when they joined together on September 9, 2009 to unify their vision of turning back the years for men and women all over the world. Their commitment to functional products backed by common science and a sound philosophy has generated a reverent following in their wake.
Jeunesse has also earned itself a spot on a registry of the 500 quickest developing sales firms in the world, and this serves as a testament to the power of their products. As a company that emphasizes the untapped potential of the human body, their Youth Enhancement System is an all-natural answer to the age-old question of why the body can’t seem to repair its own ailments as the years stack up. As it turns out, the answer was always a simple one: We never provided the right resources.
Enhancing Youth, Nine Steps at a Time
The Youth Enhancement System is broken down into nine separate approaches to wellness that are further divided into specialized product line-ups each forming a specific regimen designed to handle age-related damage in a highly targeted manner. Because every part of the system’s setup is formulated to simply equip the body with an armamentarium and allows nature to do the rest, it’s incorrect to say that Jeunesse’s offerings can cure or treat any illness. You’re still recommended to review your conditions with a medical professional.
The nine categories of youth-enhancing products include solutions for free radical breakdown, excessive immune suppression, chronic inability to balance muscle and fat make-up, morning sleepies and mid-day lethargy. There are products that also tackle issues of restless sleep, common skin flaws and persistent brain fog. The products are cited in testimonies to work with great effect on a day-to-day basis, and thanks to the completely natural formulas that make them up, there’s minimal risk involved with trying them out.
In the interest of philanthropic causes, Stream Energy launched Stream Cares. The newly launched initiative will oversee the firm’s activities related to giving back to society, which has been part of the Dallas-based firm since its inception in 2005.
Looking back, Stream Energy has indeed made considerable strides in alleviating human suffering in Texas. The firm which started out a retail electricity company has never turned its back on the less fortunate or communities affected by disasters. Stream Energy’s responses during and after Hurricane Harvey and its philanthropic gestures towards the homeless and Dallas-area veterans are cases in point. What’s more, the company collaborates with like-minded organizations—such as the American Red Cross, Salvation Army—to create favorable synergies in attending to charitable causes.
Hurricane Harvey hit the Greater Houston in 2017, displacing thousands of residents and causing destructions running into hundreds of millions. Stream Energy immediately swung into action, aiding in healing and rebuilding the affected areas. The company, apart from contributing $25,000 to the American Red Cross, helped the organization to receive donations from well-wishers. The most notable gesture from the company, however, was directed to its clients in the affected areas; Stream Energy extended deadlines for payment of recent invoices.
As the number of homeless people continues to soar, Stream’s steadfast resolve is to contribute whatever little in its possession to brighten the lives of the homeless. The company in collaboration with Hope Supply Co. sponsors Splash for Hope. The program in its simplest form delivers a fun experience to the homeless children. The children are taken to local water parks, where they enjoy fun activities. They also are accorded monetary assistance and basic supplies.
Stream’s sphere of philanthropy extends to Dallas-area veterans and their children. Once in a while, the company, through its Operations Once in a Lifetime, treats the less fortunate veterans and their children to exclusive meals. Stream Energy even caters to their transportation costs. The company is interested in being involved in charitable causes beyond writing checks to donate money.
Market America CEO JR Ridinger recently sat down with the Triad Business Journalto discuss how his company managed to rise from humble beginnings to the billion dollar industry it has become in and of itself today.
As a retail and online marketing company, Market America had a rough beginning in the early 90s. When the company was first founded, it only had a handful of employees working around the clock to help the business thrive. In reality, the only asset the company had was the belief in it that each employee brought to the firm. Remarkably, that faith managed to help Market America overcome its early struggles to become an incredibly successful firm today.
Interestingly, Market America CEO JR Ridinger has recently made several changes to the company’s hierarchy, with his brother-in-law being named the president and chief operating officer, and his other brother-in-law being similarly named the president and chief operating officer of their site, SHOP.COM.
According to Ridinger, these shifts represent a broader plan for the company as a whole. Since the company began as a close-knit family, it only makes sense that the succession plan would incorporate familial elements throughout each facet of Market America as a whole. It will be interesting to see what the future holds for Market America, as its employees and operating officers continue to bring their enthusiastic spirit to every component of their ventures.