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4 votes
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Inflation reduction act explained by Hank Green
7 votes -
Why does the IRS need $80 billion? Just look at its cafeteria.
15 votes -
US consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
8 votes -
Walmart ponders streaming deal with Paramount, Disney and Comcast
3 votes -
Axios agrees to sell to Cox for $525 million in cash
11 votes -
How prisoners in America got into stocks
14 votes -
Counterfeits, fraud, and theft: Why Silca changed its return policy
8 votes -
US Mega Millions ticket wins $1.34 billion lottery jackpot
13 votes -
US SEC charges eleven people in alleged $300 million crypto Ponzi scheme
10 votes -
Non-profit endowment creation
Hi Friends, I'm in the (very) early stages of creating a financial endowment fund for a small non-profit community organization I help out with. I feel they're a good fit for such an investment...
Hi Friends,
I'm in the (very) early stages of creating a financial endowment fund for a small non-profit community organization I help out with. I feel they're a good fit for such an investment vehicle: their current revenue stream fluctuates a bit and many of their events rely heavily on attendance fees for funding, which is unrealistic when they attempt to cater to lower-income demographics. However, they have a relatively wealthy patronage that tends to remain involved for years or decades, and I believe they have the institutional stability to operate more complex financial instruments.
I pitched the idea of an endowment at a high level to the Chairwoman last week, and the Board is interested in moving forward. We haven't decided how exactly we want to structure the endowment yet: restricted endowment, quasi-endowment, etc. We also haven't determined exactly how much money we should fundraise for a principal investment, what our portfolio spread should look like, and how much of the annual interest we can afford to spend. (I have estimates, but they're not final.) I'm particularly interested in resources that can help the institution plan for inevitable economic downturns.
Has anyone here done this kind of work before? If so, would you be willing to chat about some of the nuances of organizing it, and/or do you have recommendations on reading material to help with the creation and maintenance of such a fund? We plan to receive consultations from an accountant and a lawyer, but I don't have much formal background in finance and would welcome any experience, advice, warnings, or external resources Tildesians can offer.
Thanks,
Atvelonis10 votes -
Denmark's decade-long experiment with negative rates seen ending soon – central bank raised its key interest rate
5 votes -
Limits to economic growth
6 votes -
How does one "deal" with a recession?
From the position of an individual. Are there any financial strategies? Lifestyle choices? Whatever helps stay on top as much as possible. Usually I just let it wash over because I have no idea.
22 votes -
United States: An uneasy feeling
7 votes -
Monetary policy, inflation outlook, and recession probabilities
3 votes -
Lego is to cease all operations in Russia indefinitely after pausing deliveries to its eighty-one stores in the country in March
13 votes -
Why Sri Lanka is having an economic crisis
5 votes -
How the YouTube creator economy works
8 votes -
Euro reaches parity with dollar
I didn't find any great links so made this a self post. Here are some just from Google but they mainly just say what's on the tin:...
I didn't find any great links so made this a self post. Here are some just from Google but they mainly just say what's on the tin:
https://www.cnn.com/2022/07/11/investing/euro-dollar-parity/index.html
As of 5:00 pm Eastern on July 11th 2022, if you check the exchange rate, the dollar is now 1:1 with the Euro.
In terms of effects, it seems complicated. Europe has a decently export heavy economy, unlike the US (for which only 10% of its GDP comes from manufacturing), so a weak Euro will help that.
However, it will make all imports more expensive. This is another supply shock, as most of continental Europe already faces heavy issues with regards to energy given the sanctions on Russia, one of the primary energy providers.
So it will certainly make domestic inflation worse (note: domestic inflation and the value of the currency on FX are different things - although they can mutually affect each other). If nothing else, the LNG Europe is buying from the US will be more expensive. The ECB has struggled to raise interest rates to fight inflation given Spain and Italy's high debt levels, and this won't help.
Winter could potentially be very, very bad.
For the US, a strong dollar is probably fine. The US is not a heavy export country, and the dollar surge helps cement reserve currency status from which the US gets a number of benefits. A slowdown in exports will also help tamper inflation.
The pound for the most part has tracked with the Euro, brexit or not.
17 votes -
Right-wing think tank Family Research Council, a staunch opponent of abortion and LGBTQ rights, joins growing list of activist groups seeking church status to shield themselves from financial scrutiny
6 votes -
Klarna has seen its value slashed by 85% to less than $7bn in its latest round of fundraising
6 votes -
The alchemy of deposits
9 votes -
Tax excess margins
2 votes -
With no fuel and no cash, Sri Lanka grinds to a halt
10 votes -
FTC sues Walmart for facilitating money transfer fraud that fleeced US customers out of hundreds of millions
9 votes -
As Europe searches the world for oil to replace Russian barrels, the Johan Sverdrup oilfield in the North Sea is helping plug the gap
4 votes -
Russia defaults on foreign debt for first time since 1918
15 votes -
Is the era of cheap money over?
6 votes -
$100 million worth of crypto has been stolen in another major hack
9 votes -
Nonprofit boards are weird
4 votes -
Immigration shortfall may be a headwind for labor supply
5 votes -
Untangling persistent versus transitory shocks to inflation
3 votes -
The problem with NFTs
8 votes -
The stock market kinda wants a recession
10 votes -
Danish toy company Lego said it plans to invest more than $1 billion over ten years – new factory in the US and to enlarge an existing factory in Mexico
8 votes -
Coinbase to lay off 18% of staff (1,110 people) because the company grew too quickly and a potential recession "could lead to another crypto winter"
17 votes -
Celsius crypto bank freezes withdrawals; bitcoin, etherium plunge
12 votes -
Rumors abound that Netflix will buy Roku
6 votes -
Why the bezzle matters to the economy
6 votes -
Trader Joe's workers in Massachusetts file to create chain's first union
16 votes -
Inside Florida's property insurance crisis
10 votes -
Melvin Capital to shut after heavy losses on meme stocks, market slump
8 votes -
Sri Lanka defaults on debt for first time in its history
4 votes -
America’s infant formula crisis and the ‘resiliency’ mirage
6 votes -
Some companies like vanguard and blackrock/ishares exclude losing companies from price to earning ratio calculations, where can I find reliable pe numbers?
For example Vanguard Russell 2000 Growth ETF shows a pe ratio of 19.5 on it's portfolio page, but etf.com (which reportedly calculates PE ratio in the "logical" method we probably all think of)...
For example Vanguard Russell 2000 Growth ETF shows a pe ratio of 19.5 on it's portfolio page, but etf.com (which reportedly calculates PE ratio in the "logical" method we probably all think of) says it's 236.89.
There is also the russel 2000 etf, which shows 14.3 on vanguard and 43.63 on etf.com (I saw no clear indication on the vanguard website they are removing losing companies), ishares does say that for it's etf.
I want to know the PE ratio because economic bubbles (like the dot comm bubble and japan stock market bubble) were characterized by very high pe ratio, and there is historical evidence low pe performs better (probably because of the optimism bias).
I can use etf.com, but would like another source to validate etf.com is reporting correctly .
11 votes -
Inflation in Sweden increased last month to its highest level since 1991, as countries worldwide grapple with surging prices exacerbated by Russia's war in Ukraine
3 votes -
The US Federal Reserve is set to pull back economic help rapidly. Is it too late?
8 votes -
Twitter’s board gave up
7 votes -
PSA: Venmo just changed its terms, now including a more draconian arbitration requirement, requiring opt out by 6/22/22
I have mixed views on arbitration, it does lower costs, but arbitrators rarely see things from the consumers' perspectives. Here are the instructions for opting out, which I will be recommending...
I have mixed views on arbitration, it does lower costs, but arbitrators rarely see things from the consumers' perspectives.
Here are the instructions for opting out, which I will be recommending to all my friends (followed by a link to the form):
You can choose to reject this Agreement to Arbitrate (“opt-out”) by mailing us a written opt-out notice. For new Venmo users, the opt-out notice must be postmarked no later than 30 days after the date you accept the User Agreement for the first time. If you are already a current Venmo user and previously accepted the User Agreement prior to the introduction of this Agreement to Arbitrate on May 23, 2022, the Opt-Out Notice must be postmarked no later than June 22, 2022. You must mail the opt-out notice to PayPal, Inc., Attn: Litigation Department, Re: Venmo Opt-Out Notice, 2211 North First Street, San Jose, CA 95131. For your convenience, we are providing an opt-out notice form you must complete and mail to opt-out of this Agreement to Arbitrate. You must complete this form by providing all the information it calls for, including your name, address, phone number, Venmo user name, and the email address(es) used to log in to the Venmo account(s) to which the opt-out applies. You must sign the opt-out notice for it to be effective. This procedure is the only way you can opt-out of the Agreement to Arbitrate. If you opt-out of this Agreement to Arbitrate, all other parts of the User Agreement will continue to apply. Opting out of this Agreement to Arbitrate has no effect on any previous, other, or future arbitration agreements that you may have with us.
The form:
22 votes