This week has been an extremely eventful week in the realm of American politics. While the majority of media outlets focus has been strictly on the Russia-Trump investigation, Michael Avenatti has claimed a spot in the headlines after he was arrested and federally charged for allegedly attempting to extort Nike for up to $25 million. Avenatti became a public figure in early 2018, when his client Stormy Daniels filed a lawsuit against President Trump, claiming that a nondisclosure agreement between the two was invalid. Avenatti was taken into custody on Monday, March 25, and was officially charged with wire fraud, bank fraud and attempted extortion of the mega-corporation Nike. The wire fraud and bank fraud came from a separate case in California and was not related to the extortion charges made against him. He appeared…
Those who keep an eye on the stock market will definitely have the ridesharing startup Lyft on their radar, as the company plans to go public in the next couple weeks. Originally valued at $21 billion USD, Lyft plans to increase its initial public offering, or IPO, by $2.4 billion. This increase will bring up the value for the company to above $23 billion. When it goes live, Lyft’s trading symbol will display as “LYFT” on Nasdaq. Lyft plans to set its IPO range for between $62 and $68 per share to sell their goal of 30,770,000 shares of Class A common stock. In addition to the Class A common stocks, the company also plans to sell an additional 4,615,500 shares as options for the underwriters, adding up to the 35 million share figure. Lyft…
Why is New York City in Danger of Bankruptcy? New York City, often referred to as the business capital of the nation, is facing one of the heaviest financial burdens we have seen in over 40 years. This financial crisis is comprised of multiple factors including a high tax burden, New Yorks net out-migration, increasingly high public spending, massive government pensions, bond debt, and retirement benefits for government workers. With the mass influx of government spending as well as the current standpoint of the economy, New York could potentially claim bankruptcy if the nation were to succumb to another recession. In October of 2018, New York City reported that It spent $257.3 billion in long-term liabilities towards its government officials. These include bonded debts, worker pensions, and retirement benefits for its public sector workers. In…
One of the best things about the United States is that virtually anyone can start one. Business is what drives the United States’ economy and keeps the nation strong. Considering how accessible starting a business is in the United States, many new entrepreneurs dive straight into opening a startup the first chance they get. However, several key principles must be known before one can successfully start a business. Here are five key business principles crucial to starting a business. 1. Always Have a Clear Business Strategy Not all businesses have a clear business strategy, which will expose its weaknesses for a variety of reasons. Implementing proper strategies will help assess current and future risks and produce ways in which they can be avoided. Core business strategies can be broken down into three different categories: General…
In the state of New Jersey there has been a large rate of opposition to progressing into the attempted nationwide standard of legalizing marijuana for both medical and recreational use. In the previous months since the announcement of potential legalization during Phil Murphy’s “100 days in office” we have seen very little progress in coming to a set bill that would allow for legalization due to contrasting opinions from elected officials. To provide you with a full understanding of the recent changes, it is important for us to highlight the issues and features the original bill proposed. The Issues When it comes to the debate of legalization in New Jersey there’s no denying the democratic influence that will help usher the way for solidifying the passing of recreational marijuana. The issues have arisen from the…
