#Long Term Revenue
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kayayeteae · 1 year ago
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medical-billing-service-0 · 1 month ago
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The Key to Sustainable Business Growth: How Consulting Services Can Boost Your Revenue
In today’s fast-paced and competitive marketplace, businesses are under constant pressure to innovate, grow, and streamline operations. However, the journey toward sustainable revenue growth is often complex and requires specialized expertise. Consulting services have become a valuable resource for organizations aiming to navigate these challenges and achieve their business goals. In this blog, we’ll explore how specialized consulting services can fuel business growth and provide strategic support in critical areas.
Driving Revenue Growth through Consulting
One of the most critical aspects of business success is finding ways to continually increase revenue while optimizing operations. Revenue growth consulting is a specialized service that helps businesses identify new opportunities and implement effective strategies to maximize earnings. By analyzing current revenue streams and assessing market trends, consultants provide tailored advice on how to expand sales channels, improve pricing models, and enhance product offerings. Businesses that invest in revenue growth consulting can achieve long-term stability and avoid stagnation in an ever-evolving economic environment.
Business Expansion Strategies for Success
Expanding a business involves much more than merely increasing operations; it requires strategic planning, market understanding, and resource management. Professional consultants offer in-depth business expansion strategies, helping companies identify new markets, assess the competitive landscape, and define clear growth goals. Whether a company is looking to expand domestically or internationally, consulting services ensure that businesses take calculated steps, avoid common pitfalls, and achieve scalable growth. An expert consultant can develop a roadmap that takes into account everything from market entry to supply chain management, providing a holistic approach to expansion.
The Importance of Market Research Services
Successful business decisions are built on a foundation of accurate and comprehensive information. Market research services are an integral part of the consulting process, providing businesses with critical insights into customer behavior, industry trends, and competitive dynamics. By leveraging market research, companies can develop products and services that align with customer needs and market demand. Consultants use various data collection methods, such as surveys, focus groups, and data analysis, to provide actionable insights. This empowers businesses to make informed decisions that lead to enhanced market positioning and better ROI.
Streamlining Operations with Production Management Consulting
In addition to identifying growth opportunities, businesses need to ensure that their operations run smoothly and efficiently. Production management consulting helps businesses optimize their production processes to reduce costs, improve quality, and increase efficiency. From supply chain optimization to workflow automation, consultants help companies refine their operational models to produce better results with fewer resources. This type of consulting is particularly valuable for manufacturing firms and businesses with complex operational processes, as it allows them to stay competitive while maintaining high standards of quality.
Strengthening Financial Health with Balance Sheet Maintenance Services
Financial health is the backbone of any successful business, and maintaining a solid balance sheet is essential for long-term stability. Balance sheet maintenance services, offered by financial consultants, ensure that a company’s assets, liabilities, and equity are well managed. These services involve evaluating financial statements, optimizing capital structure, and identifying potential risks. By working with consultants, businesses can ensure they have accurate financial reporting, enabling them to make sound financial decisions and avoid unnecessary liabilities. This strengthens a company’s financial foundation and prepares it for future growth and investment opportunities.
#The Key to Sustainable Business Growth: How Consulting Services Can Boost Your Revenue#In today’s fast-paced and competitive marketplace#businesses are under constant pressure to innovate#grow#and streamline operations. However#the journey toward sustainable revenue growth is often complex and requires specialized expertise. Consulting services have become a valuab#we’ll explore how specialized consulting services can fuel business growth and provide strategic support in critical areas.#Driving Revenue Growth through Consulting#One of the most critical aspects of business success is finding ways to continually increase revenue while optimizing operations. Revenue g#consultants provide tailored advice on how to expand sales channels#improve pricing models#and enhance product offerings. Businesses that invest in revenue growth consulting can achieve long-term stability and avoid stagnation in#Business Expansion Strategies for Success#Expanding a business involves much more than merely increasing operations; it requires strategic planning#market understanding#and resource management. Professional consultants offer in-depth business expansion strategies#helping companies identify new markets#assess the competitive landscape#and define clear growth goals. Whether a company is looking to expand domestically or internationally#consulting services ensure that businesses take calculated steps#avoid common pitfalls#and achieve scalable growth. An expert consultant can develop a roadmap that takes into account everything from market entry to supply chai#providing a holistic approach to expansion.#The Importance of Market Research Services#Successful business decisions are built on a foundation of accurate and comprehensive information. Market research services are an integral#providing businesses with critical insights into customer behavior#industry trends#and competitive dynamics. By leveraging market research#companies can develop products and services that align with customer needs and market demand. Consultants use various data collection metho#such as surveys
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nationallawreview · 1 month ago
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IRS Issues FAQs Regarding Long-Term Part-Time Employees in 403(b) Plans
The IRS recently issued Notice 2024-73, which provides much-needed guidance on long-term, part-time (“LTPT”) employees in ERISA-governed 403(b) retirement plans. Following passage of the SECURE 2.0 Act, an employee is generally considered a LTPT employee if he or she works at least 500 hours per year for two consecutive years. Among other items, the Notice sets forth the IRS position on the…
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Transformative Growth with MaxLearn: The Ultimate Tool for Effective Training
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In today's rapidly evolving business landscape, organizations must continually adapt and enhance their workforce's capabilities to remain competitive. Traditional training methods often fall short in engaging employees and delivering lasting results. Enter MaxLearn, a cutting-edge microlearning platform designed to drive transformative growth. This platform is fast, fun, and effective, offering a unique approach to learning and development that goes beyond mere completion rates and revenue metrics. In this article, we will explore how MaxLearn delivers training ROI by focusing on both tangible and intangible elements, such as recall and retention of knowledge, skills, and capabilities.
The Power of MaxLearn
MaxLearn stands out as an ultimate tool for driving transformative growth due to its innovative features and learner-centric design. Here are the key aspects that make MaxLearn a game-changer:
Fast Learning Modules: MaxLearn delivers content in bite-sized modules that are quick to consume and easy to digest. This approach caters to modern learners' short attention spans and ensures that training fits seamlessly into their busy schedules.
Engaging and Fun Content: The platform leverages gamification, interactive quizzes, and multimedia elements to make learning engaging and enjoyable. By transforming training into a fun experience, MaxLearn boosts learner motivation and participation.
Effective Knowledge Retention: MaxLearn's microlearning methodology focuses on reinforcing key concepts through repetition and interactive elements. This helps in improving recall and retention of knowledge, ensuring that learners can apply what they have learned in real-world scenarios.
Personalized Learning Paths: The platform offers personalized learning paths tailored to individual learner needs and progress. This customization enhances the relevance of the training, making it more impactful and effective.
Comprehensive Analytics: MaxLearn provides detailed analytics and reporting tools to track learner progress, engagement, and performance. These insights enable organizations to continuously refine their training programs for maximum effectiveness.
Training ROI: Beyond Completion Rates and Revenues
While traditional metrics like completion rates and revenues are important, they do not capture the full impact of a training program. To truly measure training ROI, organizations need to consider the benefits and business impact of intangible elements such as recall and retention of knowledge, skills, and capabilities. Here’s how MaxLearn excels in delivering comprehensive training ROI:
1. Enhanced Knowledge Recall
One of the primary goals of any training program is to ensure that learners can recall the information when needed. MaxLearn’s microlearning modules are designed to reinforce key concepts through repetition and active engagement. By breaking down complex topics into manageable chunks and incorporating interactive elements, MaxLearn enhances knowledge recall.
Real-World Impact: Enhanced recall means that employees are better equipped to perform their tasks efficiently, make informed decisions, and solve problems effectively. This translates to improved productivity and performance in the workplace.
2. Improved Knowledge Retention
Retention is another critical aspect of training ROI. It’s not enough for learners to simply understand the material; they must retain it over time. MaxLearn’s approach to learning ensures that information is not only understood but also retained.
Long-Term Benefits: Improved retention leads to long-term benefits for the organization. Employees who retain knowledge are more likely to apply it consistently, leading to sustained improvements in performance and a reduction in the need for retraining.
3. Skill and Capability Development
Training programs should focus on developing specific skills and capabilities that are relevant to the job. MaxLearn’s personalized learning paths and interactive content are designed to build these skills effectively.
Enhanced Competence: By developing relevant skills and capabilities, employees become more competent in their roles. This competence boosts confidence, job satisfaction, and overall performance, contributing to the organization's success.
4. Employee Engagement and Motivation
Engaged and motivated employees are more likely to embrace training and apply what they’ve learned. MaxLearn’s fun and interactive approach to learning enhances engagement and motivation.
Positive Work Environment: High levels of engagement and motivation contribute to a positive work environment. Engaged employees are more committed to their roles, leading to lower turnover rates and higher productivity.
5. Adaptability and Continuous Learning
In today’s fast-paced world, the ability to adapt and continuously learn is crucial. MaxLearn promotes a culture of continuous learning by providing ongoing access to relevant training materials.
Organizational Agility: An adaptable workforce that values continuous learning is more agile and capable of responding to changes in the market or industry. This agility gives the organization a competitive edge.
Implementing MaxLearn for Maximum ROI
To fully leverage MaxLearn’s capabilities and achieve maximum training ROI, organizations should follow these best practices:
1. Align Training with Business Goals
Ensure that your training programs are aligned with the organization’s strategic goals. Identify the key skills and knowledge areas that will drive business success and focus your training efforts on these areas.
Example: If improving customer service is a strategic priority, develop microlearning modules that enhance communication skills, problem-solving abilities, and product knowledge.
2. Engage Learners with Interactive Content
Use MaxLearn’s interactive features to create engaging content that captures learners’ attention and promotes active participation.
Example: Incorporate gamified elements such as leaderboards, badges, and point systems to motivate learners and encourage healthy competition.
3. Personalize Learning Paths
Tailor learning paths to individual needs and progress. Use MaxLearn’s analytics to identify areas where learners may need additional support and adjust the training accordingly.
Example: Provide additional resources or alternative learning modules for learners who struggle with certain topics, ensuring that they receive the support they need to succeed.
4. Monitor and Evaluate Progress
Regularly monitor learner progress and evaluate the effectiveness of your training programs. Use MaxLearn’s comprehensive analytics to gather insights and make data-driven decisions.
Example: Track metrics such as completion rates, quiz scores, and engagement levels to identify trends and areas for improvement.
5. Foster a Culture of Continuous Learning
Encourage a culture of continuous learning by providing ongoing access to training materials and promoting the importance of lifelong learning.
Example: Create a library of microlearning modules that employees can access on-demand, allowing them to learn at their own pace and revisit content as needed.
Conclusion
MaxLearn offers the ultimate tool for driving transformative growth through effective training. By delivering fast, fun, and engaging learning experiences, MaxLearn ensures that employees not only complete their training but also retain and apply what they’ve learned. Measuring training ROI goes beyond simple metrics like completion rates and revenues; it’s about understanding the benefits and business impact of intangible elements like recall and retention of knowledge, skills, and capabilities. By leveraging MaxLearn’s robust features and following best practices for implementation, organizations can achieve comprehensive training ROI and foster a culture of continuous learning and development. Investing in MaxLearn is not just about enhancing training programs; it’s about empowering employees, driving business success, and ensuring long-term growth.
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daivignanmarketingservices · 6 months ago
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Marketing VS Sales
Here’s why understanding the crucial distinctions between marketing and sales can revolutionize your business strategy and skyrocket your success! Discover how Daivignan Marketing Services can transform your marketing efforts and drive unparalleled growth
Introduction Marketing and sales are crucial functions that work together to drive business growth and revenue. While they share the common goal of increasing success, they differ in approach, strategies, and responsibilities. Understanding these differences can help businesses leverage both functions more effectively. Marketing Definition and Focus Definition: Marketing is the process of…
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fiercynn · 8 months ago
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on ao3's current fundraiser
apparently it’s time for ao3’s biannual donation drive, which means it’s time for me to remind you all, that regardless of how much you love ao3, you shouldn’t donate to them because they HAVE TOO MUCH MONEY AND NO IDEA WHAT TO DO WITH IT.
we’ve known for years that ao3 – or, more specifically, the organization for transformative works (@transformativeworks on tumblr), or otw, who runs ao3 and other fandom projects – has a lot of money in their “reserves” that they had no plans for. but in 2023, @manogirl and i did some research on this, and now, after looking at their more recent financial statements, i’ve determined that at the beginning of 2024, they had almost $2.8 MILLION US DOLLARS IN SURPLUS.
our full post last year goes over the principles of how we determined this, even though the numbers are for 2023, but the key points still stand (with the updated numbers):
when we say “surplus”, we are not including money that they estimate they need to spend in 2024 for their regular expenses. just the extra that they have no plan for
yes, nonprofits do need to keep some money in reserves for emergencies; typically, nonprofits registered in the u.s. tend to keep enough to cover between six months and two years of their regular operating expenses (meaning, the rough amount they need each month to keep their services going). $2.8 million USD is enough to keep otw running for almost FIVE YEARS WITHOUT NEW DONATIONS
they always overshoot their fundraisers: as i’m posting this, they’ve already raised $104,751.62 USD from their current donation drive, which is over double what they’ve asked for! on day two of the fundraiser!!
no, we are not trying to claim they are embezzling this money or that it is a scam. we believe they are just super incompetent with their money. case in point: that surplus that they have? only earned them $146 USD in interest in 2022, because only about $10,000 USD of their money invested in an interest-bearing account. that’s the interest they earn off of MILLIONS. at the very least they should be using this extra money to generate new revenue – which would also help with their long-term financial security – but they can’t even do that
no, they do not need this money to use if they are sued. you can read more about this in the full post, but essentially, they get most of their legal services donated, and they have not, themselves, said this money is for that purpose
i'm not going to go through my process for determining the updated 2024 numbers because i want to get this post out quickly, and otw actually had not updated the sources i needed to get these numbers until the last couple days (seriously, i've been checking), but you can easily recreate the process that @manogirl and i outlined last year with these documents:
otw’s 2022 audited financial statement, to determine how much money they had at the end of 2022
otw’s 2024 budget spreadsheet, to determine their net income in 2023 and how much they transferred to and from reserves at the beginning of 2024
otw’s 2022 form 990 (also available on propublica), which is a tax document, and shows how much interest they earned in 2022 (search “interest” and you’ll find it in several places)  
also, otw has not been accountable to answering questions about their surplus. typically, they hold a public meeting with their finance committee every year in september or october so people can ask questions directly to their treasurer and other committee members; as you can imagine, after doing this deep dive last summer, i was looking forward to getting some answers at that meeting!
but they cancelled that meeting in 2023, and instead asked people to write to the finance committee through their contact us form online. fun fact: i wrote a one-line message to the finance committee on may 11, 2023 through that form, when @manogirl and i were doing this research, asking them for clarification on how much they have in their reserves. i have still not received a response.
so yeah. please spend your money on people who actually need it, like on mutual aid requests! anyone who wants to share their mutual aid requests, please do so in the replies and i’ll share them out – i didn’t want to link directly to individual requests without permission in case this leads to anyone getting harassed, but i would love to share your requests. to start with, here's operation olive branch and their ongoing spreadsheet sharing palestinian folks who need money to escape genocide.
oh, and if you want to write to otw and tell them why you are not donating, i'm not sure it’ll get any results, but it can’t hurt lol. here's their contact us form – just don’t expect a response! ¯\_(ツ)_/¯
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earnmoneynowonline21 · 1 year ago
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aeth-eris · 21 days ago
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★ how to maximize profits via 2nd house ★
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aries in the 2nd house can maximize profits by capitalizing on their entrepreneurial drive and competitive spirit. aries benefits from fast-paced, high-energy ventures where they can lead and make quick decisions. they might excel by launching a fitness training program, offering personal coaching services, or starting a motivational brand that sells products like athletic apparel, energy drinks, or performance gear. aries could also find success with subscription boxes focused on high-adrenaline hobbies like hiking, martial arts, or adventure sports. by embracing ventures that allow them to innovate quickly and take the lead, aries can build profitable businesses that leverage their passion and high energy.
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taurus in the 2nd house is well-suited for steady financial growth through high-quality, long-term investments and products. they thrive in businesses that emphasize luxury, beauty, and quality, such as a high-end skincare line, organic foods business, or eco-friendly clothing brand. taurus could also consider starting a boutique furniture store that sells artisan-crafted or vintage items, as they appreciate products with enduring value. with their talent for creating a comforting atmosphere, taurus might excel with a bed and breakfast, a spa, or a wellness center that offers relaxation services. taurus maximizes profits by focusing on products that prioritize quality and offer a luxurious experience, appealing to clients who value longevity and craftsmanship.
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gemini in the 2nd house can boost profits by tapping into their adaptability and communication skills, especially in diverse, mentally stimulating fields. they could thrive by starting a digital marketing agency, offering copywriting or editing services, or launching an online course platform that covers a wide range of topics to cater to curious minds. with their natural social skills, gemini could also excel in creating a networking app or social media consulting service. offering services like translation, podcasting, or even freelance journalism can keep income flowing, as gemini is well-suited to manage multiple streams of revenue. their knack for curiosity-driven ventures and networking makes them ideal for businesses that involve idea-sharing, quick adaptability, and community engagement.
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cancer in the 2nd house can increase earnings by focusing on nurturing and emotionally resonant businesses that bring comfort to others. they might start a home-cooked meal delivery service, a childcare center, or a family-focused event planning service that organizes intimate gatherings like birthdays and reunions. cancer could also do well in real estate, particularly with home staging or property management that emphasizes creating warm, inviting spaces. they could excel in interior decorating, especially with a focus on cozy, family-oriented spaces, or start a handcrafted candle or blanket line. by building businesses that revolve around care, comfort, and family, cancer can create loyal clients and establish long-term success through emotional connections.
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leo in the 2nd house maximizes profits by showcasing their creativity and leadership, often excelling in businesses that allow them to stand out and build a brand. leo could find success with a personal brand consultancy, fashion line, or luxury event planning business. they might enjoy launching a social media channel focused on lifestyle or self-improvement, where they can attract sponsorships or sell branded merchandise. leo also thrives in roles where they can influence and inspire others, so they might consider starting a motivational speaking business, an acting or dance academy, or a high-end boutique. with their flair for self-expression, leo profits best when they create high-quality, visually captivating products and services that let their star power shine through.
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virgo in the 2nd house finds financial success through practical, detail-oriented services that provide high value and efficiency. they excel in businesses that involve organization, health, and precision, such as financial consulting, tax preparation, or a personal organizing service. virgo might also thrive with a nutrition or wellness coaching business, offering tailored health plans or holistic products like herbal supplements or self-care kits. a digital bookkeeping service, copyediting business, or virtual assistant agency could also bring them steady profits, as virgo’s meticulous nature appeals to clients who seek reliability and structure. by focusing on services that emphasize quality and organization, virgo builds a reputation for excellence that attracts a steady client base.
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libra in the 2nd house can increase earnings by leveraging their skills in diplomacy, aesthetics, and partnerships. they could start a wedding planning business, a floral design company, or a luxury lifestyle brand that sells carefully curated home décor items. libra would also excel in public relations consulting or brand management roles, where they can help clients present a refined, balanced image. creating a high-end art gallery, a boutique law firm, or a relationship coaching service could also align well with libra’s skills. libra thrives in partnership-focused ventures, so building collaborative business models or co-founding a business with others can also enhance their profitability and bring a sense of harmony to their financial life.
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scorpio in the 2nd house maximizes profits by tapping into their ability to handle intensity and complexity, often succeeding in fields like finance, psychology, and research. scorpio could build wealth by creating a private investigation firm, a psychotherapy practice, or a financial planning service specializing in wealth management or estate planning. they might also thrive in real estate investment, particularly with properties that need transformation, such as flipping houses or managing rental properties. scorpio may also excel in businesses related to holistic healing, offering reiki or shadow work coaching. by focusing on industries that require trust, depth, and resilience, scorpio can attract clients who value privacy and are willing to invest in transformational services.
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sagittarius in the 2nd house can increase profits by embracing their love for adventure, growth, and education. they could launch a travel agency specializing in unique cultural experiences, a language learning platform, or a motivational speaking business that offers courses and workshops. sagittarius could also thrive by creating a publishing company focused on philosophical or inspirational content or starting a tour guiding business for international destinations. their enthusiasm for knowledge makes them great at teaching, so they might consider offering online courses or starting a coaching business in a field they’re passionate about. by aligning with growth-oriented ventures, sagittarius can attract an audience that values inspiration and big-picture thinking.
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capricorn in the 2nd house maximizes profits through disciplined, long-term planning and a practical approach to business. they’re well-suited for businesses like a corporate consulting firm, project management agency, or investment portfolio service. capricorn could also do well in real estate development, particularly with rental properties or commercial buildings. they might find success by starting a financial advisory firm or creating a luxury goods company focused on high-end, timeless products like leather goods or fine jewelry. by aligning with industries that reward patience and professionalism, capricorn can build a solid financial foundation and enjoy steady growth, often seeing long-term success through conservative but reliable investments.
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aquarius in the 2nd house can increase profits by focusing on innovation, technology, and humanitarian ventures. they might launch a tech startup, a renewable energy company, or a social media platform that prioritizes community and ethical interaction. aquarius could also find success with a nonprofit organization focused on social justice, an eco-friendly product line, or a collaborative workspace for creatives and freelancers. their futuristic mindset makes them perfect for ventures in artificial intelligence, blockchain technology, or virtual reality. by aligning their finances with progressive and forward-thinking industries, aquarius can attract clients and customers who value innovation and social impact.
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pisces in the 2nd house maximizes profits by leaning into their creativity, compassion, and spirituality. they may thrive in a music or art therapy practice, a spiritual coaching business, or a holistic wellness center that offers services like yoga, meditation, and crystal healing. pisces could also succeed by creating a boutique art studio, a dream journal line, or a subscription service for wellness products like essential oils, herbal teas, and calming rituals. they’re drawn to businesses that help others heal or connect with their inner selves, so they may also find success in fields like astrology, psychic readings, or intuitive counseling. by aligning with businesses that emphasize emotional well-being and creativity, pisces can build a profitable venture that resonates deeply with clients who seek personal and spiritual growth.
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market-insider · 2 years ago
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U.S. Long Term Care Market Witnessing Several Mergers, Acquisitions And Partnerships
The U.S. long term care market size is expected to reach USD 779.4 billion by 2030, expanding at a CAGR of 5.97% based on a new report by Grand View Research, Inc. High prevalence of target diseases, especially Alzheimer’s, heart diseases, Parkinson's disease, and other dementias, in the U.S. is expected to drive the market growth. According to the CDC, 6 of 10 adults in the U.S. have a chronic disease. The increasing geriatric population, rising healthcare costs, and an increasing number of nuclear families are among the key factors driving the regional market. Furthermore, rapid technological advancements and easy availability of Medicare and Medicaid & private insurance are likely to drive the market growth.
Gain deeper insights on the market and receive your free copy with TOC now @: U.S. Long Term Care Market Report
The State & Federal Governments of the U.S. are taking initiatives for long-term care. According to New York State (NYS) Public Health Law Article 21-A, it is mandatory for a facility to provide pneumococcal and influenza vaccination to the residents and healthcare professionals. This has driven the demand for immunization supplies from LTC facilities. Nursing care centers have emerged as one of the highest providers of therapeutic and vaccination services of all types.
In the U.S., the increasing burden on hospitals due to heart diseases, diabetes, and dementia requires long-term care & repeated hospitalization. According to the American Hospital Association, the U.S. witnessed 36,241,815 hospitalizations in 2021. Hospitals in the U.S. are currently focused on the treatment of COVID-19 leading to the neglect of other chronic health issues. The scenario is creating major opportunities for long-term care providers such as skilled nursing facilities, home healthcare facilities, & assisted living facilities to reduce the burden on hospitals and urgent care facilities by providing quality healthcare services and post-surgery care.
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robertreich · 4 months ago
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The Truth About Immigrants and the Economy
Immigrants are good for the economy and our society! Don’t let anyone tell you otherwise.
For centuries, immigration has been America’s secret sauce for economic growth and prosperity.
But for just as long, immigrants have been an easy scapegoat.
One of the oldest, ugliest lies is to falsely smear immigrants as criminals.
It’s just not true. Crime is way down in America. Anyone who says otherwise is fearmongering.
And whatever crime there is is not being driven by immigration. Immigrants, regardless of citizenship status, are 60% less likely to be incarcerated for committing crimes than U.S.-born citizens.
Maybe that’s why border cities are among America’s safest.
Immigration opponents also claim immigrants are a drag on the economy and a drain on government resources.
Rubbish!
Quite the opposite, the major reason immigrants are coming to America is to build a better life for themselves and their families, contributing to the American economy.
The long-term economic benefits of immigration outweigh any short-term costs. The nonpartisan Congressional Budget Office estimates that adding more immigrants as workers and consumers — including undocumented immigrants — will grow America’s economy by about $7 trillion over the next decade. And those immigrants would increase tax revenue by about $1 trillion, shrinking the deficit and helping pay for programs we all benefit from.
Immigrants of all statuses pay more in taxes than they get in government benefits. Research by the libertarian Cato Institute found first-generation immigrants pay $1.38 in taxes for every $1 they receive in benefits,
This is especially true for undocumented immigrants, who pay billions in taxes each year, but are excluded from almost all federal benefits. After all, you need documentation to receive federal benefits. Guess what undocumented immigrants don’t have. Hello?
And of course, one of the most common anti-immigrant claims also isn’t true.
No. Immigrants are not taking away jobs that Americans want. Undocumented immigrants in particular are doing some of the most dangerous, difficult, low-paying, and essential jobs in the country.
Despite what certain pundits might tell you, immigration has not stopped the U.S. from enjoying record-low unemployment.
And as the Baby Boom generation moves into retirement, young immigrants will help support Social Security by providing a thriving base of younger workers who are paying into the system. The fact that so many immigrants want to come here gives America an advantage over other countries with aging populations, like Germany and Japan.  
What’s more, immigrants are particularly ambitious and hardworking. They are 80% more likely to start a new business than U.S. born citizens. Immigrant-founded businesses also impressively comprise 103 companies in last year’s Fortune 500.
And immigrants continue to add immeasurably to the richness of American culture. We should be celebrating them, not denigrating them.
It’s time to speak the facts and the truth. We need immigrants to keep our economy — and our country — vibrant and growing. They are not “poisoning the blood” of our nation. They’re renewing and restoring it.
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viatravelers · 2 years ago
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Which are the best clean energy mutual funds to invest in right now? And, is the clean energy sector even worth your money? Read on to find out. The renewable energy sector is booming as governments, companies, and individuals heavily invest in alternative energy. These include solar, geothermal, water, and the wind, among other renewable resources. The  International Energy Agency (IEA) indicates a more than 60% rise in global renewable energy capacity by 2026. Therefore, investors are shifting their focus to the alternative energy industry because of the high potential to generate long-term revenue growth and profits.
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reasonsforhope · 9 months ago
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"Nouabalé-Ndoki National Park in Brazzaville, Republic of Congo has a lot to celebrate.
The park, which celebrated its 30th anniversary on December 31 of 2023, also shared an exciting conservation milestone: 2023 was the first year without any elephant poaching detected.
“We didn’t detect any elephants killed in the Park this year, a first for the Park since [we] began collecting data. This success comes after nearly a decade of concerted efforts to protect forest elephants from armed poaching in the Park,” Ben Evans, the Park’s management unit director, said in a press release.
Nouabalé-Ndoki National Park was developed by the government of Congo in 1993 to maintain biodiversity conservation in the region, and since 2014, has been cared for through a public-private partnership between Congo’s Ministry of Forest Economy and the Wildlife Conservation Society.
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Pictured: Nouabalé-Ndoki National Park. Photo courtesy of Scott Ramsay/Wildlife Conservation Society
Evans credits the ongoing collaboration with this milestone, as the MEF and WCS have helped address escalating threats to wildlife in the region. 
This specifically includes investments in the ranger force, which has increased training and self-defense capabilities, making the force more effective in upholding the law — and the rights of humans and animals.
“Thanks to the strengthening of our anti-poaching teams and new communication technologies, we have been able to reduce poaching considerably,” Max Mviri, a park warden for the Congolese government, said in a video for the Park’s anniversary. 
“Today, we have more than 90 eco-guards, all of whom have received extensive training and undergo refresher courses,” Mviri continued. “What makes a difference is that 90% of our eco-guards come from villages close to the Park. This gives them extra motivation, as they are protecting their forest.”
As other threats such as logging and road infrastructure development impact the area’s wildlife, the Park’s partnerships with local communities and Indigenous populations in the neighboring villages of Bomassa and Makao are increasingly vital.
“We’ve seen great changes, great progress. We’ve seen the abundance of elephants, large mammals in the village,” Gabriel Mobolambi, chief of Bomassa village, said in the same video. “And also on our side, we benefit from conservation.”
Coinciding with the Park’s anniversary is the roll-out of a tourism-focused website, aiming to generate 15% of its revenue from visitors, which contributes significantly to the local economy...
Nouabalé-Ndoki also recently became the world’s first certified Gorilla Friendly National Park, ensuring best practices are in place for all gorilla-related operations, from tourism to research.
But gorillas and elephants — of which there are over 2,000 and 3,000, respectively — aren’t the only species visitors can admire in the 4,334-square-kilometer protected area.
The Park is also home to large populations of mammals such as chimpanzees and bongos, as well as a diverse range of reptiles, birds, and insects. For the flora fans, Nouabalé-Ndoki also boasts a century-old mahogany tree, and a massive forest of large-diameter trees.
Beyond the beauty of the Park, these tourism opportunities pave the way for major developments for local communities.
“The Park has created long-term jobs, which are rare in the region, and has brought substantial benefits to neighboring communities. Tourism is also emerging as a promising avenue for economic growth,” Mobolambi, the chief of Bomassa village, said in a press release.
The Park and its partners also work to provide education, health centers, agricultural opportunities, and access to clean water, as well, helping to create a safe environment for the people who share the land with these protected animals. 
In fact, the Makao and Bomassa health centers receive up to 250 patients a month, and Nouabalé-Ndoki provides continuous access to primary education for nearly 300 students in neighboring villages. 
It is this intersectional approach that maintains a mutual respect between humans and wildlife and encourages the investment in conservation programs, which lead to successes like 2023’s poaching-free milestone...
Evans, of the Park’s management, added in the anniversary video: “Thanks to the trust that has been built up between all those involved in conservation, we know that Nouabalé-Ndoki will remain a crucial refuge for wildlife for the generations to come.”"
-via Good Good Good, February 15, 2024
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mostlysignssomeportents · 7 months ago
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How to shatter the class solidarity of the ruling class
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I'm touring my new, nationally bestselling novel The Bezzle! Catch me WEDNESDAY (Apr 11) at UCLA, then Chicago (Apr 17), Torino (Apr 21) Marin County (Apr 27), Winnipeg (May 2), Calgary (May 3), Vancouver (May 4), and beyond!
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Audre Lorde counsels us that "The Master's Tools Will Never Dismantle the Master's House," while MLK said "the law cannot make a man love me, but it can restrain him from lynching me." Somewhere between replacing the system and using the system lies a pragmatic – if easily derailed – course.
Lorde is telling us that a rotten system can't be redeemed by using its own chosen reform mechanisms. King's telling us that unless we live, we can't fight – so anything within the system that makes it easier for your comrades to fight on can hasten the end of the system.
Take the problems of journalism. One old model of journalism funding involved wealthy newspaper families profiting handsomely by selling local appliance store owners the right to reach the townspeople who wanted to read sports-scores. These families expressed their patrician love of their town by peeling off some of those profits to pay reporters to sit through municipal council meetings or even travel overseas and get shot at.
In retrospect, this wasn't ever going to be a stable arrangement. It relied on both the inconstant generosity of newspaper barons and the absence of a superior way to show washing-machine ads to people who might want to buy washing machines. Neither of these were good long-term bets. Not only were newspaper barons easily distracted from their sense of patrician duty (especially when their own power was called into question), but there were lots of better ways to connect buyers and sellers lurking in potentia.
All of this was grossly exacerbated by tech monopolies. Tech barons aren't smarter or more evil than newspaper barons, but they have better tools, and so now they take 51 cents out of every ad dollar and 30 cents out of ever subscriber dollar and they refuse to deliver the news to users who explicitly requested it, unless the news company pays them a bribe to "boost" their posts:
https://www.eff.org/deeplinks/2023/04/saving-news-big-tech
The news is important, and people sign up to make, digest, and discuss the news for many non-economic reasons, which means that the news continues to struggle along, despite all the economic impediments and the vulture capitalists and tech monopolists who fight one another for which one will get to take the biggest bite out of the press. We've got outstanding nonprofit news outlets like Propublica, journalist-owned outlets like 404 Media, and crowdfunded reporters like Molly White (and winner-take-all outlets like the New York Times).
But as Hamilton Nolan points out, "that pot of money…is only large enough to produce a small fraction of the journalism that was being produced in past generations":
https://www.hamiltonnolan.com/p/what-will-replace-advertising-revenue
For Nolan, "public funding of journalism is the only way to fix this…If we accept that journalism is not just a business or a form of entertainment but a public good, then funding it with public money makes perfect sense":
https://www.hamiltonnolan.com/p/public-funding-of-journalism-is-the
Having grown up in Canada – under the CBC – and then lived for a quarter of my life in the UK – under the BBC – I am very enthusiastic about Nolan's solution. There are obvious problems with publicly funded journalism, like the politicization of news coverage:
https://www.theguardian.com/media/2023/jan/24/panel-approving-richard-sharp-as-bbc-chair-included-tory-party-donor
And the transformation of the funding into a cheap political football:
https://www.cbc.ca/news/politics/poilievre-defund-cbc-change-law-1.6810434
But the worst version of those problems is still better than the best version of the private-equity-funded model of news production.
But Nolan notes the emergence of a new form of hedge fund news, one that is awfully promising, and also terribly fraught: Hunterbrook Media, an investigative news outlet owned by short-sellers who pay journalists to research and publish damning reports on companies they hold a short position on:
https://hntrbrk.com/
For those of you who are blissfully distant from the machinations of the financial markets, "short selling" is a wager that a company's stock price will go down. A gambler who takes a short position on a company's stock can make a lot of money if the company stumbles or fails altogether (but if the company does well, the short can suffer literally unlimited losses).
Shorts have historically paid analysts to dig into companies and uncover the sins hidden on their balance-sheets, but as Matt Levine points out, journalists work for a fraction of the price of analysts and are at least as good at uncovering dirt as MBAs are:
https://www.bloomberg.com/opinion/articles/2024-04-02/a-hedge-fund-that-s-also-a-newspaper
What's more, shorts who discover dirt on a company still need to convince journalists to publicize their findings and trigger the sell-off that makes their short position pay off. Shorts who own a muckraking journalistic operation can skip this step: they are the journalists.
There's a way in which this is sheer genius. Well-funded shorts who don't care about the news per se can still be motivated into funding freely available, high-quality investigative journalism about corporate malfeasance (notoriously, one of the least attractive forms of journalism for advertisers). They can pay journalists top dollar – even bid against each other for the most talented journalists – and supply them with all the tools they need to ply their trade. A short won't ever try the kind of bullshit the owners of Vice pulled, paying themselves millions while their journalists lose access to Lexisnexis or the PACER database:
https://pluralistic.net/2024/02/24/anti-posse/#when-you-absolutely-positively-dont-give-a-solitary-single-fuck
The shorts whose journalists are best equipped stand to make the most money. What's not to like?
Well, the issue here is whether the ruling class's sense of solidarity is stronger than its greed. The wealthy have historically oscillated between real solidarity (think of the ultrawealthy lobbying to support bipartisan votes for tax cuts and bailouts) and "war of all against all" (as when wealthy colonizers dragged their countries into WWI after the supply of countries to steal ran out).
After all, the reason companies engage in the scams that shorts reveal is that they are profitable. "Behind every great fortune is a great crime," and that's just great. You don't win the game when you get into heaven, you win it when you get into the Forbes Rich List.
Take monopolies: investors like the upside of backing an upstart company that gobbles up some staid industry's margins – Amazon vs publishing, say, or Uber vs taxis. But while there's a lot of upside in that move, there's also a lot of risk: most companies that set out to "disrupt" an industry sink, taking their investors' capital down with them.
Contrast that with monopolies: backing a company that merges with its rivals and buys every small company that might someday grow large is a sure thing. Shriven of "wasteful competition," a company can lower quality, raise prices, capture its regulators, screw its workers and suppliers and laugh all the way to Davos. A big enough company can ignore the complaints of those workers, customers and regulators. They're not just too big to fail. They're not just too big to jail. They're too big to care:
https://pluralistic.net/2024/04/04/teach-me-how-to-shruggie/#kagi
Would-be monopolists are stuck in a high-stakes Prisoner's Dilemma. If they cooperate, they can screw over everyone else and get unimaginably rich. But if one party defects, they can raid the monopolist's margins, short its stock, and snitch to its regulators.
It's true that there's a clear incentive for hedge-fund managers to fund investigative journalism into other hedge-fund managers' portfolio companies. But it would be even more profitable for both of those hedgies to join forces and collude to screw the rest of us over. So long as they mistrust each other, we might see some benefit from that adversarial relationship. But the point of the 0.1% is that there aren't very many of them. The Aspen Institute can rent a hall that will hold an appreciable fraction of that crowd. They buy their private jets and bespoke suits and powdered rhino horn from the same exclusive sellers. Their kids go to the same elite schools. They know each other, and they have every opportunity to get drunk together at a charity ball or a society wedding and cook up a plan to join forces.
This is the problem at the core of "mechanism design" grounded in "rational self-interest." If you try to create a system where people do the right thing because they're selfish assholes, you normalize being a selfish asshole. Eventually, the selfish assholes form a cozy little League of Selfish Assholes and turn on the rest of us.
Appeals to morality don't work on unethical people, but appeals to immorality crowds out ethics. Take the ancient split between "free software" (software that is designed to maximize the freedom of the people who use it) and "open source software" (identical to free software, but promoted as a better way to make robust code through transparency and peer review).
Over the years, open source – an appeal to your own selfish need for better code – triumphed over free software, and its appeal to the ethics of a world of "software freedom." But it turns out that while the difference between "open" and "free" was once mere semantics, it's fully possible to decouple the two. Today, we have lots of "open source": you can see the code that Google, Microsoft, Apple and Facebook uses, and even contribute your labor to it for free. But you can't actually decide how the software you write works, because it all takes a loop through Google, Microsoft, Apple or Facebook's servers, and only those trillion-dollar tech monopolists have the software freedom to determine how those servers work:
https://pluralistic.net/2020/05/04/which-side-are-you-on/#tivoization-and-beyond
That's ruling class solidarity. The Big Tech firms have hidden a myriad of sins beneath their bafflegab and balance-sheets. These (as yet) undiscovered scams constitute a "bezzle," which JK Galbraith defined as "the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it."
The purpose of Hunterbrook is to discover and destroy bezzles, hastening the moment of realization that the wealth we all feel in a world of seemingly orderly technology is really an illusion. Hunterbrook certainly has its pick of bezzles to choose from, because we are living in a Golden Age of the Bezzle.
Which is why I titled my new novel The Bezzle. It's a tale of high-tech finance scams, starring my two-fisted forensic accountant Marty Hench, and in this volume, Hench is called upon to unwind a predatory prison-tech scam that victimizes the most vulnerable people in America – our army of prisoners – and their families:
https://us.macmillan.com/books/9781250865878/thebezzle
The scheme I fictionalize in The Bezzle is very real. Prison-tech monopolists like Securus and Viapath bribe prison officials to abolish calls, in-person visits, mail and parcels, then they supply prisoners with "free" tablets where they pay hugely inflated rates to receive mail, speak to their families, and access ebooks, distance education and other electronic media:
https://pluralistic.net/2024/04/02/captive-customers/#guillotine-watch
But a group of activists have cornered these high-tech predators, run them to ground and driven them to the brink of extinction, and they've done it using "the master's tools" – with appeals to regulators and the finance sector itself.
Writing for The Appeal, Dana Floberg and Morgan Duckett describe the campaign they waged with Worth Rises to bankrupt the prison-tech sector:
https://theappeal.org/securus-bankruptcy-prison-telecom-industry/
Here's the headline figure: Securus is $1.8 billion in debt, and it has eight months to find a financier or it will go bust. What's more, all the creditors it might reasonably approach have rejected its overtures, and its bonds have been downrated to junk status. It's a dead duck.
Even better is how this happened. Securus's debt problems started with its acquisition, a leveraged buyout by Platinum Equity, who borrowed heavily against the firm and then looted it with bogus "management fees" that meant that the debt continued to grow, despite Securus's $700m in annual revenue from America's prisoners. Platinum was just the last in a long line of PE companies that loaded up Securus with debt and merged it with its competitors, who were also mortgaged to make profits for other private equity funds.
For years, Securus and Platinum were able to service their debt and roll it over when it came due. But after Worth Rises got NYC to pass a law making jail calls free, creditors started to back away from Securus. It's one thing for Securus to charge $18 for a local call from a prison when it's splitting the money with the city jail system. But when that $18 needs to be paid by the city, they're going to demand much lower prices. To make things worse for Securus, prison reformers got similar laws passed in San Francisco and in Connecticut.
Securus tried to outrun its problems by gobbling up one of its major rivals, Icsolutions, but Worth Rises and its coalition convinced regulators at the FCC to block the merger. Securus abandoned the deal:
https://worthrises.org/blogpost/securusmerger
Then, Worth Rises targeted Platinum Equity, going after the pension funds and other investors whose capital Platinum used to keep Securus going. The massive negative press campaign led to eight-figure disinvestments:
https://www.latimes.com/business/story/2019-09-05/la-fi-tom-gores-securus-prison-phone-mass-incarceration
Now, Securus's debt became "distressed," trading at $0.47 on the dollar. A brief, covid-fueled reprieve gave Securus a temporary lifeline, as prisoners' families were barred from in-person visits and had to pay Securus's rates to talk to their incarcerated loved ones. But after lockdown, Securus's troubles picked up right where they left off.
They targeted Platinum's founder, Tom Gores, who papered over his bloody fortune by styling himself as a philanthropist and sports-team owner. After a campaign by Worth Rises and Color of Change, Gores was kicked off the Los Angeles County Museum of Art board. When Gores tried to flip Securus to a SPAC – the same scam Trump pulled with Truth Social – the negative publicity about Securus's unsound morals and financials killed the deal:
https://twitter.com/WorthRises/status/1578034977828384769
Meanwhile, more states and cities are making prisoners' communications free, further worsening Securus's finances:
https://pluralistic.net/2024/02/14/minnesota-nice/#shitty-technology-adoption-curve
Congress passed the Martha Wright-Reed Just and Reasonable Communications Act, giving the FCC the power to regulate the price of federal prisoners' communications. Securus's debt prices tumbled further:
https://www.govtrack.us/congress/bills/117/s1541
Securus's debts were coming due: it owes $1.3b in 2024, and hundreds of millions more in 2025. Platinum has promised a $400m cash infusion, but that didn't sway S&P Global, a bond-rating agency that re-rated Securus's bonds as "CCC" (compare with "AAA"). Moody's concurred. Now, Securus is stuck selling junk-bonds:
https://www.govtrack.us/congress/bills/117/s1541
The company's creditors have given Securus an eight-month runway to find a new lender before they force it into bankruptcy. The company's debt is trading at $0.08 on the dollar.
Securus's major competitor is Viapath (prison tech is a duopoly). Viapath is also debt-burdened and desperate, thanks to a parallel campaign by Worth Rises, and has tried all of Securus's tricks, and failed:
https://pestakeholder.org/news/american-securities-fails-to-sell-prison-telecom-company-viapath/
Viapath's debts are due next year, and if Securus tanks, no one in their right mind will give Viapath a dime. They're the walking dead.
Worth Rise's brilliant guerrilla warfare against prison-tech and its private equity backers are a master class in using the master's tools to dismantle the master's house. The finance sector isn't a friend of justice or working people, but sometimes it can be used tactically against financialization itself. To paraphrase MLK, "finance can't make a corporation love you, but it can stop a corporation from destroying you."
Yes, the ruling class finds solidarity at the most unexpected moments, and yes, it's easy for appeals to greed to institutionalize greediness. But whether it's funding unbezzling journalism through short selling, or freeing prisons by brandishing their cooked balance-sheets in the faces of bond-rating agencies, there's a lot of good we can do on the way to dismantling the system.
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If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/04/08/money-talks/#bullshit-walks
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Image: KMJ (modified) https://commons.wikimedia.org/wiki/File:Boerse_01_KMJ.jpg
CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/deed.en
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merrycrisis-if · 8 days ago
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Exciting news! Game Artist wanted!
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Merry Crisis is hiring*! If you are a game artist/illustrator looking for a long-term/large-scale game/visual novel to collaborate on, send your portfolio to [email protected] or DM me on Tumblr or discord @allieebobo for more information.
For non-artists: Appreciate the help to share this with any artists you may know :) Stay tuned for exciting news, including a demo/kickstarter sometime in Mar 2025!
Detailed information
Assets required:
30+ character sprites (3 main, 10 side-characters, 20+ minor characters)
50+ backgrounds (20 main, 30+ minor/one-time use)
Additional assets/UI (TBC)
Visual references:
Dream Daddy
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Keyframes
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Rates: DM with portfolio for more details if interested. Artists who are able to commit to doing all the characters or all the backgrounds preferred (for a consistent style).
Revenue-share model (20-25% of kickstarter/game revenue, with minimum sum guaranteed after completing 'core game assets')
Commission model (negotiable, est. budget: $50-$80USD for 3 main characters with necessary variations.*; $25-40USD for side/minor characters, $80-100USD for 20 main backgrounds, $35-50USD for minor/once-off backgrounds)
*Initial sketches for main character have been completed - rates are for polishing and converting to game sprites (e.g. variations for emotions, outfits)
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csuitebitches · 1 year ago
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Things I Have to do for My Sanity
1. Wake up at the first alarm - no snoozing and no going lying around in bed. Getting up straight away and head to the bathroom. It’s going to suck initially but you’ll get used to it in a few days.
2. Mental self care: 30 minute meditation, brain games mental math, reading, news. Knowledge is sexy and don’t deny yourself sexiness.
3. Daily review in my diary at the beginning and end of my day: what went well, what didn’t, what I need to accomplish to achieve my goals. This has tremendously helped my goals and keeping my motivation more consistent, especially at work. Analysing and correcting incremental changes creates long term success.
4. Cleaning up before bed - clothes, shoes, organising my bag, etc. I set a timer for 5 minutes and try to get as much done as possible.
5. Pick out my clothes the night before and steam iron them for the next day.
6. Face masks twice a week, a hair mask once a week, I scrub the soles of my feet with that foot scrubbing thingy once a week. Manicures every month because my nail beds are too sensitive to do it biweekly, iron supplements so that I’m not a moody bitch. Matching underwear to feel good about myself. Lavender spray on my pillow before sleeping so that I don’t get weird dreams.
7. Reading biographies and autobiographies. My mentor had suggested this to me and it’s amazing how literally I don’t have a single original experience - everything I’ve felt or mistakes I’ve made have already been done by someone else.
I’m going to curate a list of business books that I feel that have helped me the most recently.
8. I write a short essay everyday in the language I’m currently learning. I also end my day by talking about my day for at least 2 minutes in that language and I record it in voice memos to keep a track of my progress. I want to be fluent to a level where I can think in this language.
I don’t generally share a lot about my personal life - none of you know my name or where I’m based and I feel comfortable doing that. But I do want to start giving out more insights to what I’m doing personally in my career - the good, the bad, the ugly.
Being self aware and honest to myself has helped me improve a lot. I know that shame is my Achilles heel, so now I’m reading books to combat that. I’ve caved in and decided to try therapy for a bit to see if what I’m doing is useful or not. My first session is tomorrow. Staying disciplined was my initial hurdle but the systems I’ve set (waking up early + habit stacking) have helped me slowly overcome that.
Work side, I’ve started establishing myself publicly more. I don’t want to reveal too much about what I do exactly but the good news is that our biggest competitor has noticed my progress (a former employee of that company came to us for an interview and directly asked our top management about me). It’s been 4 months that I’ve been working here but I know that next year I really have to swing the bat and hit a home run. I’ve decided to work on the field more and less in the office to really understand people’s needs and create unique solutions.
The daily/weekly/quarterly diary is definitely credited to my recent wins. That’s the biggest change I’ve made in my routine and i can already see that it’s working well. I’m going to continue refining and implementing that method.
Recent work methods I’ve decided to start working on (I’m not required to do these but I do it for my growth):
1. I’ve started studying popular companies’ business and revenue models in detail. Everything is adoptable and adaptable, you just have to figure out how to tweak something for your company’s clients and needs. Now I’ve decided that I want to keep a track of our competitors, their business models, their owners names, pricing strategy, their target audience etc etc on an excel sheet so that I’m aware with what’s happening in the market. 
2. I’ve started making client profiles. Every time I meet a client, I note down their name, the company name, what they were like, anything specific they seemed to like or want, how much they had paid us for a service, what their paying capacity could be, etc. 
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komsomolka · 2 months ago
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In July, the Iraqi Central Bank halted all foreign transactions in Chinese Yuan, succumbing to intense pressure from the US Federal Reserve to do so. The shutdown followed a brief period during which Baghdad had allowed merchants to trade in Yuan, an initiative intended to mitigate excessive US restrictions on Iraq’s access to US dollars. While this Yuan-based trade excluded Iraq’s oil exports, which remained in US dollars, Washington viewed it as a threat to its financial dominance over the Persian Gulf state. [...]
Since the signing of Executive Order 13303 (EO13303) by President George W Bush on 22 May 2003, all revenues from Iraq’s oil sales have been funneled directly into an account at the Federal Reserve Bank of New York. EO13303, titled “Protection of the Development Fund for Iraq and Other Property in Which Iraq Has an Interest,” has been renewed annually by every US president, including Joe Biden in 2024. This executive order essentially places control over Iraq’s oil revenues under the discretion of the US President, leaving Baghdad with limited control over its resources and earnings. [...]
Whenever Washington feels that Iraq is not compliant with US regional goals, these fund transfers can be delayed or reduced. In January 2020, for instance, after the Iraqi Parliament voted to expel US troops following the assassination of Iranian Quds Force General Qasem Soleimani and Iraqi Popular Mobilization Units (PMU) Deputy Commander Abu Mahdi al-Muhandis, the Trump administration threatened to freeze Iraq’s access to its oil revenues. [...] The country’s inability to control its own funds has prevented long-term reconstruction and development, forcing it to rely on international loans. [...]
Iraq ceased to be under occupation, at least formally, when it signed the “Strategic Cooperation Framework” agreement with the US in 2008, which says that American forces are present in Iraq only at the request of the Iraqi government.
Attempts by the UN to restore Iraq’s control over its finances have largely failed. In 2010, UNSC Resolution 1956 demanded the closure of the DFI by no later than 30 June 2011 and the transfer of all proceeds to the Iraqi government. Despite these clear legal directives, the DFI account remains under US control at the Federal Reserve Bank of New York in defiance of the UN Security Council resolution. Worse yet, enduring US dominance over Iraq’s financial resources has deeply exacerbated the corruption and dysfunction plaguing the country. [...]
Today, both the US Administration of Joe Biden and the Iraqi government led by Mohammad Shia al-Sudani – which has not taken steps to free Iraq’s sovereign funds – can be considered in violation of United Nations Resolution 1956 issued in 2010.
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