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Tag: Finance

  • Trump Media Execs Take Home Windfall Whist Share Price halved | Entrepreneur

    Trump Media Execs Take Home Windfall Whist Share Price halved | Entrepreneur

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    Tump Media Executives are receiving massive financial gains despite a continuously falling share price for the company’s stock.

    The corporate Securities and Exchange Committee (SEC) filings posted this month show us how executives in the company are being compensated in salary and promissory notes.

    What is a promissory note?

    A promissory note is a halfway house between an IOU and a loan agreement. It is a legally binding financial instrument that guarantees the holder a sum based on an agreement between two parties.

    In the case of Trump Media, the company’s executives have been given promissory notes to the tune of $6.25 million.

    This is broken down into $1.15 million for Chief Executive Officer Devin Nunes, $4.9 million for Chief Financial Officer Phillip Juhan, and $200,000 for Chief Operating Officer Andrew Northwall.

    Trump Media shares continue to fall

    Trump Media merged with Digital World Acquisition Corp on March 26 this year and saw the shares in the company hit a high watermark at around $80.

    Since that time the shares have been in a constant freefall with the Monday closing bell recording stock at $37.17 for the shares that have the initials of the former President, DJT.

    So in the space of two weeks of trading the shares have been sliced down to 55% of the original $80 dollar watermark and have seen a fall of 12% on Friday and a further 10% this week.

    This is a worrying trend for the hopeful Republican Presidential candidate as the company posted a net loss of $58 million last year on revenue of just $4.1 million. The company is also funded by a retail investor base according to Nunes, which he would mention was an integral part of the bedrock of Trump Media.

    In a recent Fox News interview, which is part of the 8K filing on the company website, Nunes would say “The most amazing part about our company, the retail investors. So when we went out to get this merger, we had it. It took a while. One of the reasons, not just the regulation, but we had almost 400,000 people, retail shareholders who had invested in this company. Now guess what’s happened over the last couple of weeks, we think we’ve added over 200,000 new retail investors. I would say there’s not another company out there that has retail investors like this.”

    The social media application Truth Social is tethered to Trump Media, in which the former President is the majority shareholder. He currently has a 58% in the company, which accounts for around 78 million shares.

    Image: Ideogram.

     

    The post Trump Media Execs Take Home Windfall Whist Share Price halved appeared first on Due.

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    Brian-Damien Morgan

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  • Business Games to Try With Your Students | Entrepreneur

    Business Games to Try With Your Students | Entrepreneur

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    Gamification in education is a rising trend, and I am excited about it. The market is expected to reach over $30 billion by 2025 (Source). Given this significant rise, I decided to explore some business games that teachers could use to teach the next generation of entrepreneurs and investors. And I found some pretty great finds.

    These business games provide an excellent way for students to learn business skills. Students can engage in activities like managing virtual companies and participating in simulated stock trading.

    Further, by offering a risk-free environment, these games can facilitate the development of students’ entrepreneurial mindset and financial acumen.

    And I can’t forget to mention that there are plenty of stats citing their impact:

    • Challenge-based gamification in education leads to an increase of 34.75% in student performance (Source).
    • Furthermore, students who were educated with challenge-based gamification performed better by up to 89.45% compared to those who only received lectures (Source).
    • 67% of students found gamified learning more motivating and engaging than traditional courses (Source).

    So, what are you waiting for?  Below are some of the games that I found while researching. From simulation to stock traders to card games, there are plenty of interesting games to discover.

    Are you more interested in entrepreneurial games? Check out our list of great entrepreneurship games.

    1. Products: The Card Game (Top trending pick)

    Products: The Card Game teaches students how to pitch and invent products. The game is easy to play. Every round, an investor draws a Product card. Then, all the players have a handful of Feature cards to pitch as additions to the Product. By combining the cards, you end up pitching products like a “television for your BBQ set.” And it gets intense! Expect much shouting and arguing as people give their case to the investor.

    Why I like it: It’s a quick and fun way to teach the class about inventing and entrepreneurship while being goofy. And it’s all in-person, so there are no phone and laptop screens to play.

    Pros

    • Encourages students to think outside the box.
    • Get to practice pitching ideas and communication.
    • A light-hearted approach to learning about inventing/entrepreneurship.
    • Fosters teamwork and collaboration for large groups. 

    Cons

    • Does not delve into complex aspects like financial planning or market research.
    • Pitches may be won more for humor than practicality. 

    2. Monopoly (Top classic pick)

    monopoly

    This classic board game teaches students to manage finances, make strategic decisions, and understand investments.

    Why I like it: It’s a classic! Most students will already know how to play, and it is a great way to learn about business basics in a fun and interactive way.

    Pros

    • Teaches concepts like budgeting, investing, and managing money.
    • Requires strategic thinking for property acquisition, negotiation, and risk management. 
    • Get a hands-on, competitive learning experience. 
    • It is a timeless classic.

    Cons

    • The gameplay can be LONG.
    • Students will likely get frustrated or annoyed.
    • It tends to oversimplify more complex principles. 
    • It is fairly repetitive (i.e., roll, buy, repeat).

    3. SimCity (Top economic pick)

    simcity

    In this simulation game, students can build and manage their own virtual city, making decisions about zoning, infrastructure, and budgeting.

    Why I like it: It’s a great way to learn about urban planning and economic development.

    Pros

    • Provides education for city development, infrastructure management, and local economics.
    • Foster critical thinking in a risk-free environment.
    • Can customize scenarios with different city layouts.
    • Offers a visual representation of urban development.

    Cons

    • The complexity can be overwhelming.
    • Significant learning curve to grasp the game
    • It doesn’t cover a wide variety of business aspects.
    • Students may prefer building aesthetics versus learning. 

    4. Lemonade Stand (Top simple pick)

    lemonade stand

    This simple online game allows students to run their own virtual lemonade stand, learning about pricing, marketing, and inventory management.

    Why I like it: It’s a fun introduction to the basics of entrepreneurship.

    Pros

    • It is simple easy-to-understand:
    • Gives hands-on experience in pricing, marketing, and inventory management. 
    • It is a realistic display of challenges faced by small businesses. 
    • The game encourages ane engages. active participation.

    Cons

    • The game focuses only on a lemonade stand. 
    • Does not go over many advanced business concepts.
    • The gameplay is fairly repetitive. 
    • Limited opportunities for team and collaboration.

    5. Capitalism Lab (Top virtual pick)

    business simulation games

    This business simulation game allows students to run their virtual company, making production, marketing, and finance decisions.

    Why I like it: It’s an exciting way to learn about the complexities of running a business in a competitive market.

    Pros

    • It is a comprehensive business simulation covering product, marketing, finance, and research.
    • Learn about business ops and market dynamics through simulated gameplay.
    • Players have to be strategic with their business strategies
    • Provides educational value for entrepreneurship and business management. 

    Cons

    • It has a steep learning curve.
    • Overwhelming for beginners. 
    • It can be very time-consuming:
    • Focuses primarily on single-player gameplay. 

    6. Stock Market Game (Top stock market pick)

    stock_market_game

    The Stock Market Game allows students to simulate investing in the stock market. They can learn about the basics of trading, risk management, and portfolio diversification. I think it is an excellent pick for financial-minded students!

    Why I like it: I find this game great for students with a knack for financial concepts.

    Pros

    • It simulates real-life markets.
    • Provides risk-free practice.
    • Offers tutorials to help students learn.
    • The game uses real-time live data

    Cons

    • The game can oversimplify market dynamics.
    • Focuses on short-term trading versus long-term trading.
    • Primarily focuses on stock trading.
    • The game prioritizes individual performance over group teamwork.

    7. Biz Builder Delux (Top retail pick)

    biz builder deluxe

    In this mobile game, students can build and manage their virtual retail store, learning about customer service, inventory management, and marketing.

    Why I like it: I think it is an excellent way to learn about the retail industry.

    Pros

    • Students can learn outside the classroom.
    • Experience in managing retail stores, customer service, inventory management, and marketing. 
    • Offers real-world challenges and decisions owners face.
    • Keeps students motivated and investing in virtual businesses.

    Cons

    • The game includes in-app purchases.
    • Overlooks aspects outside of retail management.
    • Constrained by smaller screen size.
    • Games may detract from other learning.

    8. Airlines Manager: Tycoon (Top airline pick)

    airline manager

    In this simulation game, students can run their virtual airline, making decisions about routes, pricing, and fleet management.

    Why I like it: I love how this simulation game allows students to run their virtual airline,

    Pros

    • Covers airline complexities: route planning, pricing, and fleet management.
    • Immerses in aviation challenges.
    • Prompts informed choices for optimizing operations.
    • Provides insights into aviation economics, logistics, and customer service.

    Cons

    • It may overwhelm new students due to its complexity.
    • Requires significant time, with lengthy sessions.
    • Access may be limited for some students.
    • Focuses solely on airlines, possibly neglecting broader concepts.

    9. Coffee Shop Tycoon (Top small business pick)

    coffee shop tycoon

    This simulation game allows students to run their virtual coffee shop, learning about customer service, menu planning, and budgeting.

    Why I like it: I think it is a great way to learn about the food and beverage industry.

    Pros

    • Focuses on coffee shop business: menu planning, service, budgeting.
    • Learn about active management.
    • Realistic portrayal: sourcing, staff management.
    • Offers engaging, immersive experience.

    Cons

    • It focuses solely on the coffee shop business, potentially neglecting broader entrepreneurship.
    • Simplifies coffee shop management, reducing comprehensive understanding.
    • Gaming distractions may reduce learning outcomes.
    • Limited availability on specific platforms limits accessibility.

    10. The Sims (Top competitive pick)

    the_sims

    In this simulation game, students can create and manage their virtual businesses, from restaurants to fashion boutiques, to see how they fare in the competitive market. Of course, this is only one aspect of the entire Sims game.

    Why I like it: I’m excited about The Sims because in the game, students can create and manage virtual businesses, such as restaurants and fashion boutiques, giving them a firsthand taste of the competitive market. However, the game is probably unsuitable for a class environment, as the business component is only a piece of the larger game.

    Pros

    • It exposes students to a variety of industries.
    • It demonstrates business operations, including staffing and budgeting.
    • Provides extensive tools for designing businesses.
    • It engages and fosters critical thinking skills.

    Cons

    • Covers multiple industries, potentially sacrificing depth.
    • Non-educational elements may reduce focus.
    • Lengthy sessions require significant time investment.
    • The open-ended nature may divert from learning goals.

    11. RollerCoaster Tycoon (Top theme park pick)

    rollercoaster_tycoon

    Test your business skills by designing and managing your own amusement park, from setting ticket prices to hiring staff and keeping customers happy.

    Why I like it: I love this simulation game because it lets students explore their creativity and decision-making skills in managing their amusement park.

    Pros

    • You can design and customize amusement parks for creativity.
    • Students learn about pricing, finances, and customer satisfaction for success.
    • Understand the entrepreneurship challenges of an amusement park.
    • Make critical decisions for profit maximization.

    Cons

    • Lengthy sessions require significant time investment.
    • Mechanics may overwhelm some players, especially newcomers.
    • Primarily focuses on theme parks, potentially neglecting broader business concepts.
    • Immersive nature may distract from educational objectives.

    12. Game Dev Tycoon (Top gaming pick)

    game_dev_tycoon

    Step into the shoes of a game developer and build your own successful gaming company by creating and releasing hit games while managing finances and marketing strategies.

    Why I like it: I’m drawn to Game Dev Tycoon because it realistically portrays the challenges faced by game developers, such as adapting to genre trends and achieving critical acclaim.

    Pros

    • Gain insights into game design, marketing, and financial management.
    • Understand both the challenges and rewards of starting and running a gaming company.
    • Offers decision-making, such as game development, staffing, and business expansion.
    • The game offers a realistic portrayal of the video game industry.

    Cons

    • Limited relevance for students interested in other industries.
    • Gaming distractions may lead to off-task behavior.
    • Lengthy sessions require significant time investment.
    • Focus on the video game industry may overlook broader business aspects.

    13. Capitalism II (Top complex pick)

    capitalism 2

    This complex business simulation game challenges players to build and expand their own business empire, from manufacturing to retail, while navigating economic trends and competition.

    Why I like it: I like how comprehensive the game is and how it provides insights into the complexities of running a business.

    Pros

    • Covers various industries instead of one.
    • Players must build business empires and navigate economic trends.
    • It offers insights into the complexities of running a business.
    • The game shows basic economic principles.

    Cons

    • Advanced mechanics may be daunting for inexperienced players.
    • Lengthy sessions require significant time investment.
    • Less accessible to students without prior knowledge.
    • Depth may overwhelm players, detracting from the learning experience.

    14. Railroad Tycoon (Top logistics pick)

    railroad tycoon

    Manage and expand a railway empire by building tracks, purchasing locomotives, and making strategic decisions to outmaneuver competitors and dominate the transportation industry.

    Why I like it: I enjoy how in-depth they went into the railroad industry, and it makes me feel like I am a robber-barron or some mid-century railroad titan.

    Pros

    • Insights into the transportation industry: railway management, logistics, infrastructure.
    • Challenges strategic decision-making: route planning, locomotive purchasing.
    • Realistic portrayal of railroad tycoon challenges, practical insights.
    • Learn about transportation evolution and economic development.

    Cons

    • Primarily focuses on the railroad industry, potentially neglecting broader concepts.
    • Includes industry-specific terminology, may be unfamiliar or confusing.
    • Lengthy sessions require significant time investment.
    • Immersive nature may lead to distractions.

    15. Theme Hospital (Top medical pick)

    theme hospital

    Test your business acumen by managing a hospital, from hiring staff and treating patients to balancing budgets and expanding facilities to keep the hospital running smoothly.

    Why I like it: I thought this one was very interesting, especially from a managerial perspective.

    Pros

    • Insights into the healthcare industry: hospital management, patient care, budgeting.
    • Challenges strategic decision-making: staff hiring, facility expansion, patient satisfaction.
    • Realistic portrayal of hospital administration challenges, practical insights.
    • Encourages problem-solving to keep the hospital running smoothly.

    Cons

    • Focuses solely on healthcare, potentially limiting relevance.
    • Lengthy sessions require significant time investment.
    • Complexity may overwhelm players, detracting from learning.
    • Less accessible to students without prior knowledge.

    16. Zoo Tycoon (Top animal pick)

    zoo tycoon

    Build and manage your own zoo by creating habitats, caring for animals, and attracting visitors to generate revenue and grow your business in this fun and engaging simulation game.

    Why I like it: What is there not to like about Zoos! It’s a pretty fun game.

    Pros

    • Insights into zoological industry: zoo management, animal care, visitor attraction.
    • Allows creative expression: design and customize zoos for creativity.
    • Realistically portrays challenges faced by zookeepers, practical insights.
    • Teaches animal conservation, habitat design, wildlife management.

    Cons

    • Focuses solely on zoo industry, potentially neglecting broader concepts.
    • Lengthy sessions require significant time investment.
    • Immersive nature may lead to distractions from educational objectives.
    • Less accessible to students without prior knowledge of zoo management.

    17. Restaurant Empire (Top restaurant pick)

    restaurant empire

    Experience the challenges of running a successful restaurant business, from designing menus and managing staff to dealing with food critics and competing with rival eateries to become a culinary mogul.

    Why I like it: This is probably one of the more challenging ones. Good thing I am a good cook.

    Pros

    • Insights into menu planning, staff management, and customer service.
    • Hands-on restaurant management experience: practical insights.
    • Portrays restaurant operations realistically.
    • Teaches business strategy, marketing, and competition.

    Cons

    • Focuses solely on restaurant industry, potentially neglecting broader concepts.
    • Lengthy sessions require significant time investment.
    • Immersive nature may lead to distractions.
    • Non-educational gameplay elements may reduce engagement.

     

    18. Wall Street Survivor (Top finance pick)

    wallstreet survivor

    This online investing game offers a realistic stock market simulation with virtual trading, research tools, and educational resources. Players can compete in leagues and challenges to hone their investing skills.

    Why I like it: I enjoy the realism. It is kind of like fantasy football for investing.

    Pros

    • Learn about virtual trading, research tools, and educational resources.
    • It lets students engage in decision-making and problem-solving.
    • Provides supplementary materials for understanding investing.
    • Students can compete to hone their skills.

    Cons

    • Simplified simulation may oversimplify market dynamics.
    • Emphasis on short-term gains may not align with sound practices.
    • Primarily focuses on stocks, neglecting other opportunities.
    • Individualistic focus may reduce teamwork.

    19. Startup Company (Top startup pick)

    startup company

    In this game, players are tasked with building and growing their tech startup, from hiring employees to developing new products and securing funding.

    Why I like it: As someone who has been in startups, I can appreciate the attention to detail in this game.

    Pros

    • Contains real-world business obstacles like competition, providing practical learning.
    • Students have to make strategic decisions on operations and product development.
    • Learn insights into team management, hiring, and training.
    • Immersive startup journey fosters entrepreneurial spirit.

    Cons

    • Simplified simulation may overlook business intricacies.
    • Primarily focuses on startup challenges, neglecting broader concepts.
    • Limited scalability may hinder the learning of advanced concepts.
    • Gaming distractions may reduce focus on learning objectives.

    20. Entrepreneur: The Beginning (Top old school pick)

    entrepreneur: the beginning

    In this game, players start their businesses and must navigate challenges such as competition, market fluctuations, and employee management.

    Why I like it: This is a very general and old game. I included it in the picks for nostalgia.

    Pros

    • Encounter real-world business obstacles like competition.
    • Make strategic decisions on operations, product development.
    • Insights into team management, hiring, and training.
    • Immersive startup journey fosters entrepreneurship.

    Cons

    • May overlook business intricacies.
    • Primarily focuses on startup challenges, neglecting broader concepts.
    • Limited scalability may hinder the learning of advanced concepts.
    • Gaming distractions may reduce focus on learning.

    21. Rise of Industry (Top industrial pick)

    the rise of industry

    Players take on the role of a budding entrepreneur in the early 20th century, building and managing their industrial empire.

    Why I like it: This game is really fun. However, it has a bit of a learning curve, and I am not sure how to incorporate it into my classes.

    Pros

    • Set in the early 20th century, insights into industrialization and economic development.
    • Challenges players to build and manage industrial infrastructure.
    • Teaches about supply chain management and production optimization.
    • Encourages strategic decisions for growing industrial empire.

    Cons

    • It focuses on a specific historical period, potentially limiting relevance.
    • The steep learning curve for inexperienced players.
    • The lack of modern context may limit applicability to present-day entrepreneurship.
    • Gaming distractions may reduce focus on learning.

    22. Project Highrise (Top real estate pick)

    project highrise

    This game challenges players to design and manage a skyscraper, making decisions on everything from tenant selection to building maintenance.

    Why I like it: Real estate is an exciting thing to try out and play around with.

    Pros

    • Insights into urban planning and property management.
    • Teaches real estate economics: property valuation and rental income.
    • Challenges in facility management: building maintenance, tenant satisfaction.
    • Allows creative skyscraper design, fostering architectural appreciation.

    Cons

    • Focuses on property management and skyscraper construction, potentially neglecting broader concepts.
    • Lengthy sessions require significant time investment.
    • Limited scalability may hinder learning beyond single skyscraper.
    • Gaming distractions may reduce focus on learning.

    23. Mad Games Tycoon (Top studio pick)

    game dev studio

    Players run their game development studio, managing everything from hiring staff to marketing their games to success.

    Why I like it: Okay. Running a game development studio is a lot of fun but also a lot of work. I enjoyed all the challenges. I think students could learn a lot from the game.

    Pros

    • Experience the challenges and rewards of running a game development studio.
    • Make critical decisions about game design, staffing, and expansion.
    • Unleash creativity by designing and producing virtual games.

    Cons

    • Gaming distractions may overshadow learning objectives.
    • Lengthy sessions require significant time investment.
    • Lack of broader business context.

    24. Merchant (Top historical pick)

    merchant

    In this game, players act like a medieval merchant, buying and selling goods to build a successful trading empire.

    Why I like it: I liked how it took me back in time. It showcases almost the beginnings of trading and markets. The game might be good for an economic class.

    Pros

    • Set in a medieval setting, insights into historical trading practices.
    • Teaches about supply and demand, pricing strategies, and market fluctuations.
    • Challenges in navigating risks such as piracy and economic downturns.
    • Opportunities for cultural exploration and understanding.

    Cons

    • It focuses on a specific historical period, potentially limiting relevance.
    • May oversimplify aspects of medieval trade.
    • A lack of modern context may limit applicability.
    • Gaming distractions may reduce focus on learning.

    25. Investopedia Simulator (Top real-world pick)

    investopedia simulator

    Investopedia offers a free stock market simulator that allows players to practice trading stocks, options, and other securities in a risk-free environment. It’s a great way to learn about investing and test out different strategies.

    Why I like it: This game is fantastic for a personal finance class. It is a risk-free brokerage account, and they have this challenge where you can try to beat Warren Buffet.

    Pros

    • Realistic portrayal of the stock market, allowing practice in trading various securities.
    • Risk-free environment for experimenting with investing strategies.
    • Supplementary materials and tutorials for understanding investing concepts.
    • Incorporates up-to-date market data for a dynamic investing experience.

    Cons

    26. MarketWatch Virtual Stock Exchange (Top investing pick)

    marketwatch

    MarketWatch’s virtual stock exchange game allows players to trade stocks, options, and mutual funds using real-time market data. Players can compete against friends or join public leagues to test their investing prowess.

    Why I like it: I think this game would be great for a high school or collegiate class. It is another pick that would be fun, like a Fantasy football league.

    Pros

    Cons

    • May oversimplify market dynamics and investment strategies.
    • Emphasizes short-term trading over long-term principles.
    • Primarily focuses on stocks, neglecting other investment opportunities.
    • Gaming distractions may reduce focus.

    27. Wealthbase (Top social pick)

    wealthbase

    Wealthbase is a social investing game that allows players to create virtual investment clubs with friends or join public leagues to compete against others. Players can trade stocks, ETFs, and cryptocurrencies to see who can build the most profitable portfolio.

    Why I like it: I have always wondered if students could form finance or investing clubs in high school. Instead of trading $100 on a small brokerage and putting it all into meme stocks, I bet they could have fun doing group portfolio-building.

    Pros

    • Social investing with virtual clubs or public leagues fosters collaboration.
    • Realistic portrayal of the stock market, trading stocks, ETFs, and cryptocurrencies.
    • Provides educational resources for understanding investing concepts.
    • The competitive element adds excitement to the learning experience.

    Cons

    • May oversimplify market dynamics and investment strategies.
    • Emphasizes short-term trading over long-term principles.
    • Primarily focuses on stocks, ETFs, and cryptocurrencies.
    • Gaming distractions may reduce focus on learning objectives.

    Interested in more innovation activities? Check out our recent review of some of the top innovation activities. 

    FAQ: Business Games for Students

    1. What are business games for students?

    Business games for students are interactive simulations designed to mimic real-world business scenarios. They allow students to play the role of entrepreneurs, managers, or investors and make decisions that affect the success of their virtual ventures.

    2. How do business games benefit students?

    Business games offer numerous benefits for students. They provide hands-on experience in key business concepts such as decision-making, strategic planning, financial management, and teamwork. Additionally, these games encourage critical thinking, problem-solving, and creativity in a risk-free environment.

    3. Are business games suitable for all ages and skill levels?

    Many business games are designed to accommodate various age groups and skill levels. Some games offer simplified mechanics and tutorials for beginners, while others provide more complex simulations for advanced players. Educators can choose games that align with their students’ proficiency levels and learning objectives.

    4. Can business games be integrated into the classroom curriculum?

    Absolutely! Many educators incorporate business games into their curriculum to enhance learning outcomes. These games can be used as supplementary tools to reinforce classroom lessons in business studies, economics, finance, and entrepreneurship. They can also be used for group activities, projects, or competitions to promote student collaboration and engagement.

    5. How can students access business games?

    Business games are available on various platforms, including computers, tablets, and smartphones. Some games can be downloaded as apps from app stores, while others are accessible through web browsers. Additionally, educational institutions may have subscriptions to gaming platforms or provide access to specific games through their learning management systems.

    6. Are there any costs associated with playing business games?

    While some business games may require a one-time purchase or subscription fee, many educational versions are free or discounted for students and educators. Additionally, students can often access trial or limited-feature versions at no cost. Educators should explore different options to find games that fit their budget constraints.

    7. How can educators ensure that business games align with learning objectives?

    Before integrating business games into the curriculum, educators should evaluate the content and features of each game to ensure alignment with specific learning objectives and educational standards. They can also develop lesson plans, assignments, or assessments that complement the game experience and reinforce key concepts covered in the game.

    8. Are there any student safety and privacy considerations when using business games?

    Educators should prioritize student safety and privacy when using business games in the classroom. It’s essential to choose reputable games from trusted developers or educational platforms that comply with data protection regulations and provide secure access for students. Additionally, educators should establish clear guidelines for online interactions and monitor students’ usage to ensure a safe and positive learning environment.

    9. How can students maximize the learning potential of business games?

    To maximize the learning potential of business games, students should actively engage with the game’s features, experiment with different strategies, and reflect on their decisions and outcomes. They can also collaborate with peers, participate in discussions, and seek guidance from educators to deepen their understanding of business concepts and improve their gameplay skills.

    Looking for more? Check out our list of easy entrepreneurial activities

    The post Business Games to Try With Your Students appeared first on Due.

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    Deanna Ritchie

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  • Meet the man who has tasted everything on the Cheesecake Factory’s ridiculously long menu

    Meet the man who has tasted everything on the Cheesecake Factory’s ridiculously long menu

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    LOS ANGELES — and jabbed his fork into a chunk of glistening cashew chicken.

    He closed his eyes for a moment, considering the texture of the dish, a longtime staple that, after a couple-year hiatus, would soon return to the chain’s menu.

    “Not as soft as I’d like it,” he told the executive chef, who nodded.

    Next, he turned to the seared ahi tuna salad, but he doesn’t like fish, so he took a single bite of lettuce and radish before confidently setting down his fork.

    “Nicely dressed. Great crunch!”

    Third up was Cajun salmon with mashed potatoes and corn. He dredged a spoonful of potatoes through the sauce and his lips wiggled from side to side. He nodded twice.

    “OK, delicious.”

    In the 46 years since he opened the first Cheesecake Factory restaurant in Beverly Hills and grew it into the behemoth of casual dining with locations across the globe, David Overton — the company’s official taster, but also its chief executive and co-founder — has built a deep trust in the profitability of his own palate.

    Overton has tasted and approved every one of the menu’s more than 250 items, which despite the factory in its name, the company likes to emphasize are prepared from scratch on site or at the company’s two bakeries.

    “What I like, millions of people like,” Overton, 77, said on a recent morning at the company’s Calabasas Hills headquarters as he weighed in on new offerings. “I have the taste buds of the common man.”

    ■■■

    Over the last few decades, as Cheesecake Factory locations popped up at malls and suburban plazas, they brought to each new corner of the country a sense that you were now in on some universal slice of Americana — a slice, it turns out, that provokes impressively fierce reactions.

    It didn’t matter if you were Tucson, Tampa or Tulsa, you, too, could now laugh with family and friends as you collectively gorged yourselves on the chain’s iconic brown bread. Before long, you, too, would come to associate the restaurant’s decor — a mashup of Egyptian-style columns, dark-wood wainscoting and ethereal murals that, when combined, exude the same over-the-top-yet-somehow-appealing vibe as a Vegas casino — with a sense of nostalgia. This would become the backdrop of birthdays and graduations and late-night meals after prom.

    You were now part of the collective experience shared by doctor and author Atul Gawande, who penned a sprawling ode to the Cheesecake Factory in the New Yorker, a Los Angeles Times food columnist, who, in a viral review in 2019, called his love of the chain “irrational and possibly pathological,” and rapper Drake, who sings about his love for the Cheesecake Factory, christening it as “a place for families that drive Camrys and go to Disney.”

    But not all of the attention is fawning.

    The chain made national headlines in 2017, when a man detonated a homemade explosive device inside a Cheesecake Factory in Pasadena. The FBI said the case remains unsolved.

    Late last year, a video went viral on TikTok of a woman refusing to get out of the car during a first date.

    “This is the Cheesecake Factory,” she says, filming herself, in what some viewers suggested was a staged scene.

    “What’s the problem with that?” he asks.

    “This is a chain restaurant.”

    Before long, someone compiled a list, which also circulated on social media, of places women should refuse to go on first dates, listing Cheesecake Factory as No. 1. (No. 2, Applebee’s; No. 15, the gym; No. 16, church.) The discourse swept the internet, earning two separate pieces in the Washington Post, and loyal fans soon swarmed to the brand’s defense on X.

    “WHO THE HELL DOES NOT WANNA GO TO THE CHEESECAKE FACTORY? BRO IF I WAS TAKEN THERE I WOULD PROPOSE,” one person posted on X (formerly Twitter).

    “I literally met my husband at the bar of a Cheesecake Factory 10 years ago,” Rachelle Tomlinson tweeted. “Stop all the slander!”

    Tomlinson, 30, was on a girls trip to Honolulu in 2014 when she visited the chain for the first time. Tomlinson recounted in an interview how she can still visualize the moment the double doors opened and she locked into a gaze with a man with hazel eyes.

    “Legit love at first sight,” her husband, Sam, recalled, saying the other thing he remembers from that night is that he drank a bunch of Mai Tais.

    Exactly a year from their Cheesecake meet cute, they got married.

    ■■■

    Growing up in Detroit, Overton said, his family could afford to eat out only once a week, usually Sundays at a deli or Chinese spot.

    His father worked at a department store and his mother sold cheesecakes she baked in the family’s basement based on a recipe found in a newspaper. Back then, there were only two varieties — original and original with strawberry topping — and Overton said he and his sister earned a penny for every bakery box they helped their mother fold.

    Years later, when Overton was in his 20s and chasing dreams of becoming a rock ‘n’ roll drummer in San Francisco, his parents, Evelyn and Oscar, tired of Detroit and a string of business ventures that never took off, decided to move west.

    They opened a small, wholesale bakery in North Hollywood, expanding their cheesecake options to include several more flavors, but the Cheesecake Factory Bakery floundered. They were in their mid-50s, working long hours and struggling to find customers who would buy in bulk.

    “I was really getting tired of all these restaurateurs that wouldn’t buy the cake,” Overton said, recalling the frustration that inspired him to start a restaurant of their own.

    On the day they opened in Beverly Hills in 1978, they began welcoming patrons at 2 p.m. and, by 2:10 p.m., Overton said, they were so busy that people had to wait to be seated — an immediate rush he attributes to divine intervention.

    “God was really watching over us,” he said. “I like to say that we had a line in 10 minutes, and it’s really never stopped for the last 45 years.”

    The company opened its second location in Marina del Rey in the early ‘80s and, in 1991, opened the first out-of-state location in Washington, D.C. The next year, the company went public — ticker symbol: CAKE — and today has more than 200 locations in the U.S., as well as several in the Middle East, Mexico and Asia.

    Cheesecake Factory locations brought in $2.5 billion of the company’s $3.3 billion in revenue in 2022, an average of about $12 million in sales at each restaurant, according to the company’s latest annual report to shareholders. (The company also owns the growing chain North Italia, acquired in 2019, as well as Fox Restaurant Concepts, whose upscale, fast casual restaurants the chain sees as a vehicle for expansion.)

    A key growth point, the report notes, has been an increase in takeout and delivery orders, which accounted for about 25% of total sales that year.

    Last year was bruising for a restaurant industry still recovering from pandemic shutdowns and buffeted by rising costs and labor shortages. But during the first nine months of 2023, the Calabasas Hills company racked up increased sales and income, and continued to expand.

    They’ve differentiated themselves with ample portions, a variety of “craveable” dishes difficult to replicate at home and the fact that they, unlike some competitors, still prepare everything from scratch at each restaurant, said Joshua Long, who follows the company in his role as managing director of the financial services firm Stephens.

    “The brand,” Long said, “has really found a spot in the hearts of consumers.”

    ■■■

    As the company grew, so did the length of the menu.

    It started as a single page, front and back, of items simple enough that, if a chef walked out on him, Overton could make them himself — a factory burger, which sold in the early days for $2.10, the Avocado Delights sandwich for $1.75, a slice of cheesecake for $1.25.

    For several years, Overton’s taste buds kept him from adding fish to the menu, and he also dragged his feet on selling steak, because of its price tag.

    “If you went on a date,” he said, “I didn’t want anybody ordering the steak and you couldn’t afford it.”

    Whenever he ate at a rival restaurant, he kept an eye out for dishes he could simplify or transform. During a meal at the Peninsula Beverly Hills years ago, he saw a menu item of cheese straws with avocado, which inspired the idea for avocado egg rolls, now a top seller.

    “How did I let the menu get so big?” Overton said. “I didn’t know what the heck I was doing. If I knew what I was doing and understood the restaurant business, it probably wouldn’t have turned out this way.”

    But it worked — and today, it’s become a key marketing tactic.

    The sheer size of the multi-page, spiral-bound menu has earned a ribbing from Ellen DeGeneres and inspired Halloween costumes and a Buzzfeed list of jokes, including one that, given the menu’s girth, and cultural relevance, compared it to the Bible.

    “We get so much PR just cause of that big menu,” Overton said, smiling. “I always say that our greatest difficulty is the size of the menu, but our greatest defense against competition is the size of our menu.”

    The menu items themselves are a cacophony of calories.

    Every year, the Center for Science in the Public Interest, a nonprofit health advocacy group, releases an “Xtreme Eating Awards “ list of single restaurant dishes that contain around a full day’s worth of calories. Two Cheesecake Factory items made the latest list — an Italian combo plate at 2,800 calories and a French Dip cheeseburger with fries at 2,200.

    But when you bring up calories with Overton, he looks unfazed — decadence is part of the brand and besides, he says, people rarely finish a dish in a single sitting.

    “We’re the king of doggy bags,” he says. “I don’t pay a lot of attention to calories, because we let people choose what they want.”

    But if there’s one thing America wants more than delicious, fattening food, it’s the idea — the vow — that they will soon eat less of it. Enter: SkinnyLicious, the brand’s name for menu items with fewer than 600 calories, which they added to the menu in 2011.

    SkinnyLicious items, Overton said, account for around 15% of sales.

    ■■■

    In the winter of 1993, David Gordon, now the company’s president, was looking for a job as a restaurant manager.

    He had applied to two different places, including a Cheesecake Factory on the Westside, but was more interested in the other small chain — until he had his Cheesecake Factory interview.

    The people interviewing him ate a burger in the middle of the interview — “a little strange,” Gordon says — and steered the conversation toward the intricacies and caliber of french fries. Over 20 minutes, they discussed everything from starch levels to how hollow the fries felt when you bit into them.

    “It intrigued me,” Gordon said. “This is somewhere where quality is incredibly important.”

    Early in his career at the company, Gordon recalled asking the person in charge of operations if there was a chance he would be transferred. He was planning to buy a house in Redondo Beach, Gordon explained, but didn’t want to if he might be moved.

    “No, no, fantastic, things are great,” he recalled being told.

    But a few months later, the man in charge of operations asked him to move to Woodland Hills, promising Gordon that, within a year, he would get him back to the location closest to his home. As the year mark approached, the boss kept his commitment.

    “He cared about me as a person,” Gordon said, noting that the company still works hard to live out that ethos.

    Cheesecake Factory locations are notoriously busy, so if you’re going to ask workers to be slammed all day and prepare and serve more than 200 different items from scratch, the workers need to feel a connection to the restaurant and the people they work for, Gordon said.

    Last year, the Cheesecake Factory, whose restaurants employ about 35,000 people, was one of only two restaurant chains — Panda Express’ parent company was the second — to earn a spot on both Fortune’s 100 Best Companies to Work For and People’s Companies that Care lists, which survey employees about company culture, pay, retention, opportunities and fairness.

    Their reputation for conscientiousness took a hit in 2018 when the California Department of Industrial Relations held the company and two janitorial contractors jointly liable for more than $4 million in wage theft violations after an investigation found the contractors’ employees assigned to eight Southern California Cheesecake Factory restaurants didn’t get proper rest or meal breaks, and weren’t paid overtime while waiting for kitchen managers to review their work at the end of a shift. Although Cheesecake Factory didn’t directly employ the workers, state law dictates that companies relying on subcontractors for labor can be held liable for workplace violations.

    In January, the California Labor Commissioner’s Office announced that it had reached a $1 million settlement against the company and both contractors.

    Sidney M. Greathouse, the vice president of legal services for the Cheesecake Factory, issued a statement that said “the company denies any wrongdoing and no longer utilizes the services of the janitorial companies at issue in the case.”

    ■■■

    Today, the company sells more than 30 varieties of cheesecake, but a massive painting of one of the originals — a simple slice topped with strawberry filling — hangs above Overton’s desk in his office that looks out on the hills of Calabasas.

    Sprawled across his desk are several stacks of folders each about a foot high. He’s a few years from 80, but between work and spending time with his wife, children and grandchildren, he doesn’t have much down time.

    “I have no time for hobbies,” he says. “I don’t play golf. I don’t do any of that.”

    He thought back on his 20s, around the time he started the business, when he first learned that you didn’t have to print your signature literally, but could sign it however you wanted.

    He played around with it and, as he wrote, let emotion guide him, creating a flowing capital D, which then exploded into 14 looping, semi ovals that start big and trail off.

    “It’s an emotion,” he said. “I just felt like I was moving forward.”

    Through the years, a few people had mocked his signature, he said, including someone who wrote to him saying, “I’m so sorry, with a signature like that, I won’t be investing in your company.”

    But he stuck with it. His gut hadn’t failed him yet.

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    By Marisa Gerber | Los Angeles Times

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  • Trust Point Inc. Acquires Shares of 2,963 The PNC Financial Services Group, Inc. (NYSE:PNC)

    Trust Point Inc. Acquires Shares of 2,963 The PNC Financial Services Group, Inc. (NYSE:PNC)

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    Trust Point Inc. acquired a new stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNCFree Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,963 shares of the financial services provider’s stock, valued at approximately $459,000.

    Other institutional investors and hedge funds have also bought and sold shares of the company. Rockline Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at $1,825,000. KPP Advisory Services LLC acquired a new position in shares of The PNC Financial Services Group in the 3rd quarter valued at $323,000. AQR Capital Management LLC lifted its stake in shares of The PNC Financial Services Group by 144.2% in the 3rd quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider’s stock valued at $14,032,000 after purchasing an additional 67,490 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at $295,000. Finally, Comerica Bank acquired a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at $5,594,000. 83.53% of the stock is currently owned by institutional investors and hedge funds.

    Insider Activity

    In other news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the transaction, the executive vice president now owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.

    The PNC Financial Services Group Price Performance

    The PNC Financial Services Group stock opened at $157.38 on Friday. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24. The firm has a market capitalization of $62.61 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.81 and a beta of 1.18. The company has a fifty day simple moving average of $151.21 and a 200-day simple moving average of $139.84. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42.

    The PNC Financial Services Group (NYSE:PNCGet Free Report) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.12 by $1.04. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.49 EPS. On average, equities analysts anticipate that The PNC Financial Services Group, Inc. will post 12.41 EPS for the current fiscal year.

    The PNC Financial Services Group Announces Dividend

    The company also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be given a dividend of $1.55 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 3.94%. The PNC Financial Services Group’s payout ratio is 48.48%.

    Analyst Ratings Changes

    Several equities analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a research note on Tuesday, January 30th. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $141.00 to $155.00 in a report on Thursday, March 28th. UBS Group boosted their price target on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. The Goldman Sachs Group boosted their price target on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Finally, Wells Fargo & Company boosted their price target on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group presently has an average rating of “Hold” and an average price target of $154.62.

    View Our Latest Analysis on PNC

    The PNC Financial Services Group Company Profile

    (Free Report)

    The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company’s Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.

    See Also

    Institutional Ownership by Quarter for The PNC Financial Services Group (NYSE:PNC)

    Receive News & Ratings for The PNC Financial Services Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The PNC Financial Services Group and related companies with MarketBeat.com’s FREE daily email newsletter.

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    ABMN Staff

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  • Lawmakers seek FEMA funds, longer work permits for migrants

    Lawmakers seek FEMA funds, longer work permits for migrants

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    BOSTON — Members of the state’s congressional delegation are calling on the Biden administration to provide more funding to cover migrant costs and extend the time frame for federal work permits amid delays in processing extensions.

    In a letter to Homeland Security Secretary Alejandro Mayorkas, Sens. Ed Markey and Elizabeth Warren call on the agency to “immediately” distribute Federal Emergency Management Agency funding through its Shelter and Services Program to Massachusetts and other states that “are in desperate need of federal support” amid a surge of migrants.

    “Now is a critical moment to provide federal relief to Massachusetts as the Commonwealth continues its steadfast efforts to care for new arrivals and existing residents alike, as well as ensure the state’s long-term financial stability,” they wrote. “Given the far-reaching extent of this need, we also ask you to provide ample funding to locations such as Massachusetts, which are experiencing particularly notable increases in new arrivals.”

    Congress earmarked $650 million in a recently approved federal supplemental spending bill for the Federal Emergency Management Agency to provide grant money to municipal governments and nonprofit groups to assist the homeless and newly arrived migrants.

    The lawmakers called on the Biden administration to begin distributing the FEMA funding “expeditiously and equitably” to Massachusetts and other states wrestling with increased migrant costs. They noted that the state expects to spend nearly $1 billion over the next year to provide housing, food and other necessities to migrants.

    “Over the past two years, families have been arriving in Massachusetts at a dramatic rate, which spiked in the second half of 2023,” they wrote. “The last round of SSP funds allocated to Massachusetts was in August 2023 and was based, in part, on a formula that did not fully capture the exponential growth of new arrivals in Massachusetts.”

    Last year, FEMA awarded more than $3.1 million to Massachusetts nonprofit organizations to provide shelter, food and other services for the homeless through the program. That included $408,915 for Essex County and $640,137 for Middlesex County groups.

    Meanwhile, Warren is leading a group of Democratic lawmakers in calling on the Biden administration to take “immediate action” to extend federal work permits for migrants.

    In a letter to Biden and senior administration officials, the lawmakers urge the U.S. Department of Homeland Security to lengthen the automatic extension period for Employment Authorization Documents from 180 to 540 days. They also call on the federal agency to enact the proposed rules without a sunset date, or for at least three years.

    The lawmakers, who included other members of the state’s delegation, said the move is essential to prevent the loss of employment authorization for hundreds of thousands of migrants amid paperwork processing delays by the federal government.

    “Many lose their jobs, income, and access to driver’s licenses because of bureaucratic delays outside of their control,” the lawmakers wrote. “This severely limits their ability to pay rent, buy food, and support themselves and their families.”

    “If they continue to work without authorization, they can also become removable from the United States, and their employers can be subject to civil penalties,” they added.

    Massachusetts is dealing with a historic influx of thousands of migrants over the past year amid a surge of immigration along the U.S.-Mexico border.

    Gov. Maura Healey, a first-term Democrat who declared a state of emergency last year amid a surge of asylum seekers, has also pushed the Biden administration for more federal funding and expedited work authorization.

    Under Massachusetts’ right-to-shelter law, the state is required to provide emergency housing to people regardless of their immigration status. Healey and Democratic legislative leaders has resisted calls from Republicans and others to scale back or temporarily lift the requirements amid claims that it is drawing more asylum seekers to the state.

    The state is spending about $75 million a month – or roughly $10,000 per family – to provide housing and other needs for 7,500 migrant and other homeless families in emergency shelters.

    House and Senate leaders are negotiating a supplemental spending bill that would provide hundreds of millions of dollars to cover migrants costs and set limits on the length of stay in state-run shelters, which now averages about 18 months.

    Christian M. Wade covers the Massachusetts Statehouse for North of Boston Media Group’s newspapers and websites. Email him at cwade@cnhinews.com

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    By Christian M. Wade | Statehouse Reporter

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  • National Association of Realtors anti-trust case to be reopened | Entrepreneur

    National Association of Realtors anti-trust case to be reopened | Entrepreneur

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    The National Association of Realtors (NAR) will become the subject of a Justice Department case reopening that focuses on home sale commissions.

    The U.S. Court of Appeals for the District of Columbia overturned a lower-court ruling from 2023 from the Justice Department’s request for more information from NAR. This decision gives the Justice Department the all-clear to investigate the matter further.

    Justice Department to reopen case

    The Justice Department has filed amicus briefs and statements of interest that the “United States enforces the federal antitrust laws and has a significant interest in preventing anticompetitive conduct in the real estate industry. Over the last two decades, the United States has investigated and challenged various rules and practices of the National Association of Realtors (“NAR”) and regional multiple listing services.”

    This case reopening is another major body blow for the NAR after the most powerful housing realtor group agreed to pay nearly half a billion in a March 15 settlement agreement.

    The NAR will be reeling from the settlement that “is subject to court approval, makes clear that NAR continues to deny any wrongdoing in connection with the Multiple Listing Service (MLS) cooperative compensation model rule (MLS Model Rule) that was introduced in the 1990s in response to calls from consumer protection advocates for buyer representation. Under the terms of the agreement, NAR would pay $418 million over approximately four years.”

    Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division would comment on the DC court decision. He said that “real-estate commissions in the United States greatly exceed those in any other developed economy, and this decision restores the Antitrust Division’s ability to investigate potentially unlawful conduct by NAR that may be contributing to this problem.”

    “The Antitrust Division is committed to fighting to lower the cost of buying and selling a home. I would like to commend the staff of the Antitrust Division and our colleagues in the department for achieving this important result.”

    Interim CEO of NAR, Nykia Wright said “NAR is focused firmly on the future and on leading this industry forward. We are committed to innovation and defining the next steps that will allow us to continue providing unmatched value to members and American consumers.”

    The NAR will be hoping that the findings of the Justice Department will be above board and will not add to the recent fines that the entity has received as part of federal pressure on the real estate group.

    Image: Ideogram.

    The post National Association of Realtors anti-trust case to be reopened appeared first on Due.

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    Brian-Damien Morgan

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  • $30 Million In Cash Stolen From L.A. Money Storage Facility

    $30 Million In Cash Stolen From L.A. Money Storage Facility

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    On the night of Easter Sunday, burglars entered the vault of a facility in San Fernando Valley where cash for businesses across the region is stored, bypassing the alarms and making off with an estimated $30 million in cash. What do you think?

    “Be on the lookout for anyone trying to buy something with cash.”

    Helen Sweeney, Rebranding Consultant

    “By now they’ve already sold that cash on the black market.”

    Michael Deweerth, Conversation Pivoter

    “The joke will be on them when they realize money doesn’t buy happiness.”

    Gus Moen, Textiles Expert

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  • 11 Fabulous Ways to Make $600 Fast, All in Cash | Entrepreneur

    11 Fabulous Ways to Make $600 Fast, All in Cash | Entrepreneur

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    We all could use a little extra cash each month, couldn’t we? For my sister, an additional $600 could be used to pay off student loans, or attend a concert with friends. With an extra $600, I’d take a relaxing weekend getaway or put it towards my retirement savings.

    Thankfully, many options are available today for making extra income, and you can do most of it from home or on your schedule.

    I compiled a list of 11 things you can do to earn an extra $600. You could earn more than that $600 goal if you did all of them.

    1. Get rid of stuff you don’t need.

    Most of us have a few things lying around the house that we no longer use. Rather than letting these items waste space and collect dust, look through your clothes, electronics, furniture, sporting equipment, etc. If they’re in decent condition, you can sell them on online marketplaces such as Facebook Marketplace, Craigslist, and eBay.

    Consider these factors to maximize your earnings:

    • Take high-quality photos. Selling your items depends on this. A clean background and good lighting are essential.
    • Be sure to write excellent descriptions. You’ll need to take quality photos and write compelling descriptions to get people interested in your items.
    • Offer the best price. Pricing your items correctly is crucial. Check the competition’s prices and make sure yours is a little lower.

    Garage sales are a great option for bulky items. Jewelry, antiques, and musical instruments can also be pawned for quick cash. Be sure to compare rates and policies before pawning, and remember that you can always redeem the item if you wish.

    2. Rent your stuff.

    Don’t want to part with your possessions? No worries. You can rent them out instead.

    For cash, you can rent stuff you own, such as:

    • Take advantage of sites like Airbnb to rent out your spare room.
    • If you don’t use your car often, you can rent it out on Turo.
    • Try FatLlama, which is a general marketplace where you can rent everything.
    • With goBaby, parents can rent a crib, stroller, or car seat so they don’t have to haul around heavy equipment.
    • You can rent out unused parking spots, garages, and storage spaces to people who need extra space.

    In the same way, you sell your unused items — take a look around your house to see if you have anything you haven’t used in a while. You can then rent it out and earn passive income from it.

    3. The gig economy is here to save the day.

    The gig economy is booming, and your skills are valuable. 50% of Americans, even those who make six figures, have at least one side job.

    You can find freelance gigs in writing, editing, graphic design, virtual assistance, handyman work, and errands on platforms like Upwork, Fiverr, and TaskRabbit.

    But that’s not all.

    You can also deliver food, groceries, clothes, books, and more with money-making apps like Instacart, DoorDash, and GrubHub. FYI, whenever a DoorDash driver fills an order, they keep all tips.

    Additionally, you can earn money by driving people around with Uber and Lyft.

    The best part of the gig economy? The projects you choose and the rates, as well as the schedule you set, are all up to you.

    4. Make money doing what you already do.

    This might sound too good to be true. However, you can make money from the activities you already perform every day. Here are some ideas to get the ball rolling.

    • Online surveys/paid research. Did you know that you can get paid to share your opinions? Survey platforms like Prolific or Swagbucks allow you to participate in market research.
    • Cashback apps/rewards programs. Take advantage of cashback apps like Ibotta and Rakuten to maximize your everyday spending.
    • Play games. Solitaire Cube, for instance, allows you to compete in cash tournaments while playing Solitaire.
    • Cash in on your commute. With Roadie, you can earn money by driving packages or pets between points A and B.
    • Watch videos. InboxDollars lets you earn money by watching short videos online. It only takes a few minutes to watch the videos and answer questions.
    • Be active. If you lose weight, HealthyWage will pay you. Depending on what you have to lose, how long it takes, and how much you put on the table, you could easily make 600 dollars—additionally, Evidation rewards you for making healthy choices, such as taking more steps and sleeping more.

    In some cases, these apps pay in hard cash, but you’ll more likely be compensated through PayPal or a gift card.

    5. Invest in your talents.

    Regardless of what you think, we all possess unique talents or hobbies. Even Better? You might be able to profit from your talents.

    A few ideas are as follows:

    • Artistic soul. Make personalized greeting cards at a local market or paint quick portraits on a busy street corner. It’s even possible to sell those doodles you do on napkins or scraps of paper.
    • Musical maestro. Get your guitar, grab your harmonica, or show off your beatboxing skills. Busking, street performances, and serenading couples in restaurants can provide unexpected income. It is even possible to teach others how to play musical instruments.
    • Handy helper. Have you got DIY superpowers? Assemble furniture, hang pictures, or repair minor household appliances on-site. There is a good deal of money to be made on convenience and your toolbox of skills.
    • Tech whiz. Would you consider yourself a coding wizard or a computer whisperer? Offer data recovery services, set up home networks, and fix laptops on the fly. For tech-challenged individuals, even basic troubleshooting can be a gold mine.
    • Craftsperson. You can sell your creations at craft fairs and online platforms like Etsy if you are crafty.
    • The teacher. With platforms such as TutorMe and Skooli, you can offer online tutoring services if you have expertise in a particular subject.

    6. Be mysterious.

    You can earn money shopping as a mystery shopper or a personal grocery shopper.

    A company hires a mystery shopper to pretend to be a customer at different stores through apps like Connecteam or Streetbees. In reality, the shopper observes the interior of the store, how store employees treat them, and whether sales representatives are knowledgeable about the products.

    There are also mystery diners who eat at restaurants for money through companies like BestMark. You may also be asked to order certain foods, request specific items, observe the waiting time, and write an honest review. Also, with BestMark, there is shopping jobs for places like car dealerships, movie theaters, and amusement parks.

    7. Sell your friendship.

    Would you be surprised to learn that you can get paid to be someone’s buddy? It’s true.

    RentAFriend.com allows you to register as a friend and be contacted by paying users for concerts, sporting events, family events, and VIP events. The best part is that you can set your own schedule and potentially charge up to $50 an hour.

    It is important to note that the site describes itself as “a platonic friendship website solely for platonic friendship.” That might sound strange. But, it’s not.

    You could, however, teach them a skill you have, such as cooking or speaking a foreign language. When traveling or moving to an area, some people hire a friend to show them around. Sometimes, we just need someone to hang out with.

    8. Dog walking and pet sitting.

    Are you an animal lover? If so, make money from your love for your furry friends.

    By using online platforms like Rover and Wag or local listings, you can offer pet sitting, dog walking, or other pet care services. You’ll get exercise, meet new pups, and pad your wallet at the same time.

    Bonus tip: Once you have regular clients, you can bypass these apps and deal directly with them. As a result, you get to keep 100% of the profits.

    9. Create UGC content.

    In case you are unfamiliar, UGC stands for User Generated Content. For 1 hour of work, some people make $600 from one ad. However, while not the norm, one UGC creator says they have earned about $2,000 in their first month.

    You read that right; you can make $600 in one hour. Moreover, making money on social media doesn’t require you to be an influencer.

    How is this possible? Nowadays, brands are looking for honest product reviews and unboxing from consumers. Their only request is that you review their products honestly to motivate people to purchase them.

    Below are some tips for getting started:

    • You can search for successful UGC creators on TikTok and message them directly.
    • Set up your TikTok and Instagram accounts.
    • Make a list of the items in your home that need to be reviewed, such as Amazon or Walmart items.
    • Maintain a consistent posting schedule.
    • Connect with brands on social media, via emails, and by joining UGC groups.
    • Make sure you’ve got a portfolio and a contract as well.

    10. Sell your photos and get paid.

    Is your camera roll cluttered with gorgeous sunset shots and beautifully staged meals? It is possible to earn extra income from those. As an example, Foap will pay you up to $10 for a photo. The only catch is that they will take 50% of the sale.

    Don’t forget that buying your photos isn’t guaranteed. It’s still easy money for something you’re already doing: taking pictures of random life moments. Even if you only sell a few, it’s still some easy cash in your pocket.

    11. Get paid under the table.

    Many under-the-table jobs are low-skilled, with the opportunity to start immediately and receive payment in cash, but there are varying levels of skill sets and payment options.

    There are a variety of under-the-table jobs and side hustles to choose from, including:

    • Hairdresser
    • Make-up artist
    • Babysitting
    • Car washing
    • Gutter cleaning
    • House cleaning
    • Painting a house
    • Landscaping
    • Snow removal

    Additionally, sometimes companies need temporary staff, such as for a day or a few weeks.

    Due to their heavy workload, they require extra assistance to keep up. Think about holidays or special events like weddings. By using a staffing agency, you can find these temporary jobs quickly and earn $600.

    A company like this helps businesses find temporary workers to fill vacant positions. They can help you find jobs in restaurants and factories, build things, drive, or help at events.

    Final Words of Advice

    After reading through some of the best ways to make 600 bucks fast, here are a few more tips to consider.

    • Keep your expectations in check. You may have to put some effort and hustle into making $600 fast. Your goal can be achieved, however, with dedication and the right approach, but don’t expect overnight riches.
    • Do your due diligence. Do not fall victim to get-rich-quick schemes or scams. Make sure you stick with reputable companies and platforms.
    • Be resourceful. Don’t limit yourself to a single option; explore all your possibilities. Despite what you might think, there are many ways to make money.
    • Always act legally and ethically. In all your dealings, always stay on the right side of the law.

    Last but not least, combine strategies. Be open-minded, and do not limit yourself to a single approach. Combining several of these strategies will help you reach your goal of making $600.

    FAQs

    What are the quickest ways to make $600?

    Your skill set, resources, and level of risk tolerance determine the quickest way to make $600. Some options might be faster than others, such as selling unused items, freelancing, or participating in paid research studies.

    Is there a guaranteed way to make $600 fast?

    Unfortunately, there are no guaranteed ways to earn money quickly. Working odd jobs or selling unused items might require some effort and time.

    Are there any online jobs that pay quickly in cash?

    You can find freelance gigs on online platforms such as Upwork or Fiverr that pay quickly, but beware of scams and low-paying gigs.

    Can I withdraw $600 from my credit card for cash?

    There are high fees and interest rates associated with cash advances, which make them an expensive option. This should only be considered as a last resort.

    Are payday loans a quick solution?

    You can get trapped in a debt cycle with these loans because the interest rates are often predatory. As such, be sure to check out all the other options before making a decision.

    Image Credit: Karolina Grabowska; Pexels

    The post 11 Fabulous Ways to Make $600 Fast, All in Cash appeared first on Due.

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    John Rampton

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  • SENIOR LOOKOUT: A few health decisions to make before you get sick

    SENIOR LOOKOUT: A few health decisions to make before you get sick

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    April is Health Care Decisions Month. A couple years ago, when I heard of this month-long awareness campaign, I thought it was odd. I didn’t understand the importance of having an official health care proxy and discussing how I want my medical care to be handled if I become unable to make decisions on my own. I did not know that my family would not automatically be making these decisions. To ensure that my wishes are known, it was important to set up a health care proxy.

    A health care proxy is a document in which an individual appoints an agent to legally make health care decisions on behalf of the patient when they are incapable of making and executing health care decisions. While a health care proxy can be setup with a lawyer when you prepare your will and other estate documents, it is not necessary to involve a lawyer in this specific document. A health care proxy can be completed at home and only needs your signature with two witnesses. (Note: you should work with a reputable attorney that specializes in estate planning when you prepare your estate documents.)

    I downloaded my health care proxy form from the Honoring Choices Massachusetts website (www.honoringchoicesmass.com). This website will help you explore how to make care choices that are best for you. It has a step-by-step process that helps you to consider the various aspects of choosing an agent and discussing your wishes with them. It also has instructions on voiding a health care proxy, if your circumstances change.

    Once you have chosen a health care agent, you should discuss your feelings on various health care situations with your agent and your doctor(s). The Honoring Choices website has various scenarios that it suggests discussing. Copies of your signed and witnessed document should be placed in your personal files and given to your health care agent and your doctor.

    Once you have your health care proxy in place, there are other written plans you should consider (you can find these documents on www.honoringchoicesmass.com).

    Personal directive. This is a living will. It provides the person you name in your Health Care Proxy with detailed instructions as to how you would like to be cared for. This is not a legal document in Massachusetts, so you want to choose someone who will respect your wishes, even if it is emotionally difficult for them to do so.

    Durable power of attorney. This is assigning a person you trust to handle your money, property and financial matters. It does not have to be the same person you name in your health care proxy. It is recommended, but not required under law, that you complete a durable power of attorney with a lawyer who can advise you given your personal financial matters.

    Medical orders for life-sustaining treatment (MOLST). This document communicates your choices regarding life-sustaining treatments should you become seriously ill. You and your family do not complete this form unless you become seriously ill, but there is a sample document on the website.

    Comfort care/Do Not Resuscitate Order (CC/DNR).This form indicates you do not want resuscitation efforts in the case your heart or breathing stops. It is completed by you or your health care agent should the circumstances for making this decision arise.

    I was very nervous about asking my daughter to be my health care agent. I was afraid that she would panic and worry that I was ill right now. My fears were unfounded. We were able to have a conversation about how I feel about treatment options and a variety of situations. It wasn’t hard and it was a relief to know that this important task has been completed.

    Tracy Arabian is the communications officer at SeniorCare Inc., a local agency on aging that serves Gloucester, Beverly, Essex, Hamilton, Ipswich, Manchester-by-the-Sea, Rockport, Topsfield and Wenham.

    Tracy Arabian is the communications officer at SeniorCare Inc., a local agency on aging that serves Gloucester, Beverly, Essex, Hamilton, Ipswich, Manchester-by-the-Sea, Rockport, Topsfield and Wenham.

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    Senior Lookout | Tracy Arabian

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  • Steve Cohen Predicts Golf Industry Will Boom When AI Enables the Four-Day Workweek

    Steve Cohen Predicts Golf Industry Will Boom When AI Enables the Four-Day Workweek

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    Steve Cohen at the SportiConference Invest In Sports 2023 in New York. Bryan Bedder/Sportico via Getty Images

    Billionaire Steve Cohen is betting big on golf. The hedge fund manager predicts that with the widespread adoption of artificial intelligence (A.I.), the normalization of the four-day workweek will cause a boom in leisure and give workers more time to hit the greens.

    Cohen, the media-shy head of Point72 Asset Management, discussed his prediction in a rare interview with CNBC Squawk Box. “My belief is the four-day workweek is coming,” he said. “I just think it’s an eventuality.”

    Despite being known for the owner of the New York Mets, Cohen has made moves in the golf world in recent months. In September, he acquired the rights to a New York team in TGL, a high-tech golf league formed by tiger woods and Rory McIlroy. And as part of a consortium that includes Boston Red Sox owner John Henry and former Milwaukee Bucks co-owner Marc Lasry, the hedge fund manager invested as much as $3 billion in the PGA Tour earlier this year.

    “We think it’s an interesting investment,” Cohen told CNBC of the golf industry, adding that “the way it’s been run, we can improve the operations and make it much more profitable.” Some of that profit could come from expanded leisure time. Between the rise of A.I. and the fact that “people are not as productive on Fridays,” Cohen is gearing up for four-day work weeks to become the norm in the future. With an extra day off, he believes industries around travel and experience will benefit. “I guess courses will be crowded on Fridays,” he said.

    Get ready for year-round three-day weekends

    Don’t expect Cohen’s employees at Point72 to be taking part as long as the markets remain open throughout the week. “If they’re taking off Friday and they have a portfolio, that’s a problem,” he noted. “Forgetting us, the vast majority of people will get an opportunity, I think at some point, to get a three-day weekend.”

    Cohen isn’t the only finance heavyweight to predict a move toward compressed work weeks. Fellow billionaire Ray Dalio made a similar point while speaking at the Milken Institute’s Asia Summit last year, where he claimed that A.I. will let humans work fewer hours and urged for policies to prevent a potential widening of the wealth gap. And back in 2018, business magnate Richard Branson predicted in a blog post that emerging technologies would transform the five-day workweek as we know it.

    While traditional working hours have remained largely steady across the U.S., some companies have been increasingly experimenting with work structures. The clothing reseller ThredUp, for example, has already embraced a four-day workweek, while New York City’s largest public employee union recently launched a compressed workweek pilot program that will run until May of next year.

    Beyond its effects on work structures, Cohen told CNBC that A.I. is poised to transform how companies operate. “My view is this is a very durable theme,” he said, noting that his firm could save $25 million by using large language models to improve efficiency. “Now, we’re a nice-sized firm; we’re not a huge firm. Imagine what big companies can do.”

    Cohen also discussed his plans for the New York Mets, which have recently had an unsuccessful run under his ownership despite a large injection of cash. Moving forward, he will continue overseeing strategy experts and prioritizing the development of young talent. These tactics parallel his approach towards running Point72, noted Cohen. “I’m used to operating in a very centralized way. I give people a lot of rope.”

    Steve Cohen Predicts Golf Industry Will Boom When AI Enables the Four-Day Workweek

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    Alexandra Tremayne-Pengelly

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  • Healey officials push affordable housing plan

    Healey officials push affordable housing plan

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    BOSTON — Healey administration officials urged lawmakers to approve the governor’s affordable housing plan, arguing the $4.1 billion borrowing bill would spur the construction of thousands of homes and generate tens of billions of dollars in economic activity.

    The Affordable Homes Act plan, filed by Gov. Maura Healey in October, includes a range of tax breaks, changes to state laws and borrowing to help spur construction of new housing.

    Lt. Gov. Kim Driscoll said passage of the bill is an “economic imperative” for Massachusetts as it struggles to build more homes to fill a critical shortage of market-rate and affordable housing.

    “The bottom line is we can’t wait,” Driscoll, Salem’s former mayor, told members of the Legislature’s Committee on Bonding, Capitol Expenditures and State Assets during a hearing Tuesday on the bond bill. “We have to act with urgency and scale. Our residents, our communities and our employers are depending on it.”

    Housing Secretary Ed Augustus said the plan, if approved by the Legislature, would have a “catalytic impact” on the construction of housing in the Bay State while making it more competitive and attractive to new families and businesses.

    “We need a Herculean response to our housing crisis,” he told the panel. “Housing builds a stronger economy, housing generates good jobs and housing strengthens competitiveness.”

    A key plank of Healey’s affordable housing plan would create tax credits to spur the development of homes over the next five years for those with low and moderate incomes. It also calls for expanding the state’s community investment tax credit, which provides funding to community development corporations.

    The plan would allow communities to add a transfer fee up to 2% to property tax bills. If a community votes to accept the tax, it would exempt the first $1 million on a home sale.

    Healey’s plan also calls for giving single-family homeowners the right to build so-called “accessory dwelling units” of less than 900 square feet on their lots.

    Economic impact

    Affordable housing advocates called on lawmakers to approve Healey’s plan, arguing that the state needs to take aggressive steps to boost the amount of housing in the state.

    “It’s really not an exaggeration to say that we’re facing the greatest housing crisis in the commonwealth’s history,” said Clark Ziegler, executive director of the Massachusetts Housing Partnership, a quasi-public agency that works with banks to finance affordable housing projects.

    “We’re consistently ranked as the most expensive place in the U.S. to live, our chronic housing shortage goes back decades and when the final data is tallied, it looks like last year we’ll see a roughly 30% reduction in new housing starts over 2022,” Ziegler told the panel. “It’s a really serious problem.”

    A report released by the Healey administration said passage of Healey’s plan, when combined with two recently reauthorized programs from the tax cut package, could create $24.8 billion in total economic impact over five years.

    The study, conducted by the University of Massachusetts Donahue Institute, estimated the act could generate 29,700 jobs in the development, construction, finance and associated industries.

    Economic activity from the Affordable Homes Act would also allow the state to recoup $750 million in tax revenue over five years, the report’s authors said.

    But the transfer tax plan has prompted pushback from the real estate industry, which says the so-called transfer tax would compound the problem as housing prices and mortgage rates continue to rise, pricing people out of the market.

    Healey and legislative leaders are trying to spur more home building amid the shrinking inventory that is edging first-time buyers out of the market. The prolonged housing crunch is affecting the state’s economic growth, making it much harder to attract new families and companies, they say.

    A $1 billion tax relief package signed by Healey in October included reauthorization of a low-income tax credit program and housing development incentive program, also aimed at spurring housing production.

    Healey has filed a bond bill for capital projects, which needs approval from the Legislature, that includes $1.6 billion to repair and modernize state-run public housing units.

    The state faces a pressing shortage of affordable housing, with more than 184,000 people on the waiting list for state public housing units.

    Housing prices

    Amid the shortages, housing costs are continuing to increase to new records in the state as home sales remain largely flat.

    The latest monthly report from The Warren Group found the median price for a home in the state increased by 10% to $548,250 in February over the same month last year, setting a new monthly record. Meanwhile, the number of closed sales on single-family homes remained largely unchanged from the same month last year, according the report.

    During the hearing Tuesday, several lawmakers raised concerns that Healey’s plan does not go big enough on financial investments to ensure there is enough housing to meet demand.

    “One of my fears is that we are creating generations that perhaps will never have an opportunity for home ownership,” state Sen. Pavel Payano, D-Lawrence, a member of the bonding committee, said in remarks. “I know we are doing some investments here, but I wonder if that is enough.”

    Christian M. Wade covers the Massachusetts Statehouse for North of Boston Media Group’s newspapers and websites. Email him at cwade@cnhinews.com

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    By Christian M. Wade | Statehouse Reporter

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  • Home Depot snaps up SRS in $18.25 billion deal | Entrepreneur

    Home Depot snaps up SRS in $18.25 billion deal | Entrepreneur

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    To enhance Home Depot’s offerings to professional tradespeople, the company has acquired SRS Distribution Inc.

    The world’s largest home improvement retailer will be making the deal with the “leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor,” according to a release from the company.

    Home Depot professional gets bigger

    Home Depot has taken the deal forward to enhance the existing list of supplies and materials available to professionals and specialists throughout the United States. The company is determined to expand in this corner of the market, and the acquisition has been hailed as a solid one by CEO and Chair President Ted Decker.

    He said “SRS’s ability to build leadership positions in each of its trade verticals while generating significant revenue growth is a testament to its strong vision, leadership, culture and execution. SRS has built a robust and successful platform that will accelerate our growth with the residential professional customer while presenting future opportunities with the specialty trade pro.”

    SRS has a 760 plus retail network that employs 2,500 individuals across 47 states. The company also operates a fleet of 4,000 trucks and logistics elements that will lengthen Home Depot’s considerably long commercial reach across America.

    Decker would continue his praise for the deal on LinkedIn, saying “We believe growing our Pro business will fuel our next growth chapter, and SRS is exceptional at serving the specialty trade pro with a deep understanding across their specific verticals and broad product assortment. This acquisition will help us better sell the whole project and capture a new purchase occasion we haven’t traditionally served. I look forward to welcoming the entire SRS team to The Home Depot and the opportunities we have ahead.”

    Dan Tinker, CEO of SRS says the company is “looking forward to combining our differentiated assets and capabilities, including our extensive branch network, experienced sales team, robust trade credit offering, and order management system, geared at serving the complex project purchase occasion, with The Home Depot’s competitive advantages. We believe this will enable us to better serve pros and continue growing in our large and highly fragmented market.”

    This news falls into place with the announcement that Home Depot would be unveiling four new distribution centers before the end of 2024 to fulfill the orders of professional contractors.

    Home Depot said in the release that the company will offer Professionals:

    • Localized product assortment specially tailored for each priority market:
    • A dedicated sales force in each of its priority markets;
    • Digital tools and personalized experiences, including new order management capabilities to better manage complex pro orders;
    • Trade credit, which is currently in pilot with a small number of pro customers; and
    • Tiered pro pricing

    Image: Home Depot.

    The post Home Depot snaps up SRS in $18.25 billion deal appeared first on Due.

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    Brian-Damien Morgan

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  • Disney Board Holds Off ‘Activist Investor’ Nelson Peltz

    Disney Board Holds Off ‘Activist Investor’ Nelson Peltz

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    Mickey Mouse and Minnie Mouse at the Disneyland Hotel reopening celebration at Disneyland Paris on February 3, 2024.
    Photo: Kristy Sparow (Getty Images)

    The atmosphere at Disney’s corporate offices must feel slightly lighter these days, between Disney World’s recent detente with Florida Gov. Ron DeSantis, and news today that shareholders have voted against billionaire “activist investor” Nelson Peltz’s attempt to snag two seats on the company’s board.

    As io9 previously explained, a behind-the-scenes situation that probably wouldn’t interest the average Disney fan suddenly became more headline-worthy when Peltz gave an interview to the Financial Times in which he complained about diversity in recent Disney Marvel projects, including last year’s The Marvels and the Oscar-winning smash hit Black Panther. “Why do I have to have a Marvel [movie] that’s all women?” the 81-year-old asked. “Not that I have anything against women, but why do I have to do that? Why can’t I have Marvels that are both? Why do I need an all-Black cast?” Not only was this attitude off-putting to fans, it also rubbed high-profile Disney shareholders the wrong way—including Star Wars creator George Lucas, who spoke out against Peltz’ proxy fight.

    As the Hollywood Reporter updates, today’s annual shareholder meeting proved to be “a win for the Walt Disney Co. and CEO Bob Iger” as all of the company’s director nominees “have been elected by shareholders, rebuffing the activist investor Nelson Peltz, who had been running a high-profile campaign to put himself and former Disney CFO Jay Rasulo on the company’s board.”

    Sources cited by the trade make it sound like the voting wasn’t exactly close, coming out decisively in favor of Team Iger. THR also has a statement from Iger, who sounds ready to put the Peltz situation in Disney’s rear-view mirror as quickly as possible: “I want to thank our shareholders for their trust and confidence in our Board and management. With the distracting proxy contest now behind us, we’re eager to focus 100% of our attention on our most important priorities: growth and value creation for our shareholders and creative excellence for our consumers.”


    Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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    Cheryl Eddy

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  • North Shore towns weigh MBTA zoning law

    North Shore towns weigh MBTA zoning law

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    Hamilton, Ipswich, Topsfield and several other North Shore communities have until Dec. 31 to adopt zoning that complies with the MBTA Communities Law requiring multifamily zoning districts of at least 50-acres in size with at least 15 units per acre.

    After the law was first passed in 2021, communities have spent the last few years formulating action plans, identifying potential districts for rezoning, collecting and considering public input and hiring consultants. They’ve also been creating MBTA task forces made up of local municipal leaders, resident volunteers, architects, and other stakeholders.

    All the communities that submitted an action plan to the state and had it approved — including Topsfield, Wenham, Ipswich and Hamilton — are technically in compliance with the MBTA Communities Law, as they have demonstrated an effort to rezone districts that follow the bylaw. However, they still have to vote to approve the newly zoned districts at Town Meeting this year, the majority of which will take place in the fall.

    As such, many North Shore communities have made an effort to involve affected residents in the decision-making process and hold public meetings to explain what the bylaw requires, how the community will handle the effect on services and infrastructure, and listen to and act on residents’ concerns.

    “We’re trying to maximize our public outreach on this for the community. The typical reaction to this is hesitancy and some opposition, because it’s not well understood,” Wenham Planning Board Vice Chair Dan Pasquarello said. “What we tried to make clear in our (previous info session) was that this is a zoning exercise, it’s not necessarily a building exercise. and I think that’s really important for people to understand.”

    In Danvers, Special Town Meeting in February approved a measure to amend zoning bylaws to come into compliance with the housing law. This didn’t come without opposition.

    “I’m aware of emails circulating saying that (this bylaw) should be opposed because it will ruin our town. This article is not going to ruin Danvers Square or result in any taller or bigger buildings than what has been envisioned in existing zoning,” said Danvers Select Board Chair David Mills at the time. “It will simply adjust the minimum density of our downtown to ensure that we are in compliance with a new state law. Non-compliance will cost us money.”

    Also that month in Milton, proposed zoning for that town was rejected at Town Meeting, leading to Milton losing out on grant funding, and prompting a lawsuit from Attorney General Andrea Campbell who has stated that compliance is mandatory.

    “The housing affordability crisis affects all of us: Families who face impossible choices between food on the table or a roof over their heads, young people who want to live here but are driven away by the cost, and a growing workforce we cannot house,” said Campbell in a press release on the lawsuit. “The MBTA Communities Law was enacted to address our region-wide need for housing, and compliance with it is mandatory.”

    To achieve compliance in Wenham, the town needs to adopt zoning to allow 365 units, with 73 of them within a half-mile of the train station. Wenham and Hamilton, which share a train station, are classified as “commuter rail communities” with more strict zoning guidelines, presenting a unique challenge to the towns.

    “We have to be within the half-mile radius (of the Hamilton/Wenham Station),” Margaret Hoffman, Wenham’s planning coordinator said. “So one of the unique challenges that Wenham and Hamilton face is that we have to share this station and we essentially only have a small half-circle radius to zone within.”

    Hamilton, which has to zone for 731 units, plans to utilize “form based zoning” to ensure that any potential developments follow specific building form and architectural design standards.

    “The bigger lift is going to be when developers actually look at the property to see what’s attainable and workable, and how much infrastructure they’re going to have to create to make it viable,” Patrick Reffett, Hamilton’s director of planning & inspectional services, said. “I think there’s a great deal of angst about the notion of this level of growth. and I totally get it — it’s scary if you don’t understand that the onus is really on the developers.”

    Cities and towns without a commuter rail station that are classified as “adjacent communities” or “adjacent small towns” have a lesser obligation to zone for multifamily and mixed-used development, but still required to allow developments within this zone “by-right” without the need for a special permit.

    In Topsfield, which is an adjacent small town and must zone for 118 multifamily units, Planning Board members have worked with consultant Ezra Glenn to identify areas in town where multifamily zoning would allow the town to comply with the bylaw.

    The town also plan to diversify its housing stock and make use of underutilized properties, a goal the town had previously set in its master plan.

    One option Topsfield is looking at is the 15.8 acres at the intersection of Central Street and Route 1, an area with easy accessibility to the highway and the rail trail.

    “We want to be clear amidst all this talk about how nothing is actually required to be built, that this isn’t to be taken as having no purpose. (The Planning Board) did not design the zone in a way in which nothing would be built,” Topsfield Selectboard Chair Marshall Hook said during a recent public info session.

    “I think there are towns that have tried to do that, but that was not the intent here,” he said. “I think we all see this as an opportunity and hope that things actually do get built.”

    Ipswich, which has a train station, is required to zone for 971 multifamily units. It has put significant effort into identifying potential districts for rezoning and collecting feedback from residents on their preferred location.

    The town is attempting to aggregate the feedback received in task force meetings open to the public, and from surveys about traffic, infrastructure, and design concerns that will lead up to a Special Town Meeting in the fall where a plan will be proposed.

    “(In the last survey) there’s 10 or so guiding principles that residents identified,” Director of Planning and Development Brendan Conboy said. “The top ones would be emphasizing green construction, encouraging mixed use downtown, elevating the quality of the design, and directing growth to infrastructure.

    “A little further down the line on preferences, but still relevant, was the affordability, consistency with previous plans, and encouraging diversity in town,” he said.

    Ipswich is scheduled to hold a task-force meeting on April 3 at 7 p.m. in Town Hall, and another on April 25 at the same place and time, with a broader community meeting in May. In Hamilton, Town Meeting will be asked on April 6 to approve funds to hire a consultant. Wenham plans to hold an info session about the work done thus far in May.

    Further information about the housing law can be found at mass.gov/info-details/section-3a-guidelines.

    Michael McHugh can be contacted at mmchugh@northofboston.com or at 781-799-5202

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    By Michael McHugh | Staff Writer

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  • Fidelity cuts value of X stake, implying 73% decline in former Twitter since Elon Musk’s takeover

    Fidelity cuts value of X stake, implying 73% decline in former Twitter since Elon Musk’s takeover

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    Fidelity’s Blue Chip Growth Fund cut the value of its position in X by 5.7% in February, implying a 73% decline in the former Twitter Inc. since Elon Musk bought the social-media company.

    Fidelity, which gained a stake in X by helping Musk complete his $44 billion purchase in October 2022, valued the position at $5.28 million as of Feb. 29, according to a report posted Saturday listing the fund’s holdings. A month earlier, the value was $5.6 million.

    Read more: Banks Stuck With X Debt Held Refinancing Talks With Elon Musk

    The overall value of the Blue Chip Growth Fund’s X stake has fallen 73% since Musk’s purchase, suggesting a similar drop in the value of the company because the fund hasn’t disclosed any change in its position in X.

    X has been trying to lure back advertisers since Musk’s chaotic takeover. Last year, ad sales were estimated to be roughly $2.5 billion, falling short of the company’s $3 billion target, Bloomberg reported.

    Fidelity and X didn’t immediately return emails seeking comment sent outside regular business hours.

    Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up for free.

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    Alicia Diaz, Bloomberg

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  • Money flowing into jails for opioid treatment

    Money flowing into jails for opioid treatment

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    BOSTON — Money is flowing into state and county correctional facilities to help treat substance abuse disorders, putting sheriffs and jail wardens on the front lines of the state’s battle against opioid addiction.

    A first-of-its-kind report on funding for the 14 sheriffs offices across the state shows that a sizable chunk of more than $23.5 million in state and federal grants they received last year was earmarked for jail-based, medication-assisted treatment programs.

    The Essex County Sheriff’s Office received more than $2.7 million in federal and state grants for programs in the previous fiscal year, much of which was devoted to medication-assisted treatment and other substance abuse programs.

    The money was provided through grants from the U.S. Department of Justice and the state Department of Public Health, among other funding sources.

    Essex County Sheriff Kevin Coppinger said about two-thirds of the inmate population is struggling with some kind of substance use disorder, and the demand for drug treatment is increasing.

    He has an average of about 170 inmates on medication-assisted treatment and other programs at Middleton Jail and other locations.

    The efforts are crucial to prepare inmates for reentry into the community and reduce recidivism by breaking the cycle of incarceration, he said.

    “When people get released we don’t want them to end up back in the criminal justice system,” Coppinger said. “We want to get them out of here and keep them on the straight and narrow.”

    Essex County was one of the first in the state to set up a detox inside the jail, and has expanded its substance abuse treatments over the years. It has been approved for a license to administer medication-assisted treatments.

    In some cases, inmates request medication-assisted treatment to get clean while they are incarcerated. In others, people committed to the jail are already in a community-based program receiving medication and are able to continue their treatment while they do their time, Coppinger said.

    He said the Sheriff’s Office is building a new dispensary for opioid-related drug treatments at its prerelease center in Lawrence – known as the “farm” – which also will have the authority dispense treatments without transporting inmates to an outside facility.

    “Because we have a license, we can do this now, which is going to help us substantially,” he said. “Securitywise, it’s a no-brainer. We can dispense it in-house now.”

    Sheriffs see spike in need

    In Middlesex County, the Sheriff’s Office received more than $815,000 in grants in the previous fiscal year with the majority of the money devoted to opioid and other substance abuse programs, according to the report.

    The Barnstable County Sheriff’s Office received more than $3.7 million in the previous fiscal year, with more than $520,000 devoted for medication-assisted treatment and reentry services, the report noted.

    The Plymouth County Sheriff’s Office reported a nearly $900,000 grant from the Department of Public Health for medication-assisted treatment programs.

    Sheriffs say while the inmate population in state and county correctional facilities has been declining for years, the demand for substance use and mental health treatment in county jails has been spiking, putting a strain on resources. The grants are intended to offset those costs, but more funding is needed, sheriffs said.

    “It’s never enough money,” Coppinger said. “But I think it’s working based on feedback I’ve received from former inmates and the community.”

    Treatment drugs, costs

    There are three types of medication-assisted treatment in use in state prisons and county jails around the state, to varying degrees.

    Methadone, which is usually dispensed to addicts who visit clinics for a daily dose, has been used for decades to treat heroin addiction. Until recently, it was one of the only options for medication-assisted therapy. Methadone, which acts to block opioid receptors in the brain, can ease withdrawal symptoms that may trigger a relapse.

    Buprenorphine, which is sold by its brand name Suboxone and typically prescribed by a doctor, has become a preferred treatment.

    There’s also naltrexone, a non-narcotic drug often known by its brand name Vivitrol, which is injected monthly.

    None of the drug treatments come cheap. While methadone treatments can cost up to $3,500 a year per patient, even the generic form of Suboxone costs two to three times as much, according to the National Association of State Alcohol and Drug Abuse Directors. Vivitrol costs about $1,300 per shot, according to the group.

    Opioid-related overdoses killed 2,357 people in Massachusetts last year, setting a new record high fatality rate of 33.5 per 100,000 people – an increase of 2.5% from the previous year, according to public health data.

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    By Christian M. Wade | Statehouse Reporter

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  • Expert on maximizing your tax refund

    Expert on maximizing your tax refund

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    Expert on maximizing your tax refund – CBS News


    Watch CBS News



    As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.

    Be the first to know

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  • Sam Bankman-Fried Sentenced To 25 Years In Prison

    Sam Bankman-Fried Sentenced To 25 Years In Prison

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    Crypto mogul and former CEO of FTX Sam Bankman-Fried was sentenced to 25 years in prison for defrauding hundreds of thousands of customers, leaving investors and lenders short by more than $11 billion. What do you think?

    “It’s such a shame, by the time he gets out, he’ll have no idea what all the new scams are.”

    Alana Patterson, Slum Developer

    “Sooner or later, crypto was going to attract someone only interested in making a quick buck.”

    Keaton Singh, Boiling Water Attendant

    “There’s no way he can compete with all that alternate prison currency.”

    Melanie Potts, Unemployed

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  • Nevada Gaming Achieves Impressive Heights in February

    Nevada Gaming Achieves Impressive Heights in February

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    February saw a flurry of activity in Southern Nevada, propelled by the excitement of Super Bowl 58, the celebration of Chinese New Year, and a significant leap year. While some records remained intact, the gaming industry reached new heights, marking another exceptional month for Nevada’s tourism sector. Ongoing investments in infrastructure should ensure the state retains its momentum.

    Most Metrics Saw Substantial Improvements

    The state’s 434 leading casinos raked in an impressive $1.34 billion gaming revenue, representing an 8.5% surge compared to February 2023. Nevada Gaming Control Board data revealed this achievement secured the title of the best February ever for the casino sector, making it the fifth-best month in history for the Strip and the sixth-best for the state.

    The average daily room rate skyrocketed to $248.35, marking a remarkable 40.6% increase from the previous year. Although falling just shy of November’s record, this surge reflects a robust demand for accommodations in the region. Hotel occupancy reached an impressive 83.9%, representing a 1.7% increase from February 2023.

    These occupancy rates are even more impressive considering the recent openings of Fontainebleau and Durango, which brought Las Vegas’ room inventory to an all-time high. While February’s high-profile events significantly benefited the hospitality sector, it also revealed several deficiencies in the Strip’s infrastructure, primarily revolving around the frequent traffic jams and lack of alternative transportation.

    Vegas Should Continue to Impress

    While the Super Bowl, Chinese New Year festivities, and the leap year undoubtedly contributed to February’s success, the month also witnessed many performances that attracted crowds of visitors to Las Vegas. Shows by renowned artists such as Bruno Mars, Christina Aguilera, Adele, and U2 further fueled the city’s magnetic appeal and bolstered local businesses.

    Convention attendance followed this positive trend, rising to 764,800 attendees – the highest number since March 2023. Michael Lawton, Control Board senior economic analyst, was impressed by February’s results, highlighting spectacular all-around performance despite the month’s short length. If this trend continues, Vegas should be well on its way to shattering previous revenue highs.

    It was a pretty incredible month, and if there were 31 days, we might have set an all-time record for gross gaming revenue.

    Michael Lawton, Nevada Gaming Control Board senior economic analyst

    While February did not break many records, the robust gaming win exceeded expectations, delighting analysts and investors alike as gaming revenue on the Strip climbed 12.4% year-on-year. As the region continues to attract visitors with its world-class entertainment, gaming, and hospitality offerings, the outlook remains promising for Southern Nevada’s tourism sector.

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    Deyan Dimitrov

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