May is Disability Insurance Awareness Month, a time when the insurance industry comes together to do something about the enormous gap that exists between Americans’ need for disability insurance and the actual coverage they have.
The document discusses various types of liability insurance that nonprofits should consider purchasing, including general liability insurance, directors and officers liability insurance, professional liability insurance, and other specialized coverage. It provides details on what each type covers, differences between certificates of insurance and additional insureds, how to evaluate current coverage and risk management, and tips for selecting brokers and insurers.
The document discusses various types of liability insurance that nonprofits should consider purchasing, including general liability insurance, directors and officers liability insurance, professional liability insurance, and other specialized coverages. It provides details on what each type covers, and recommends that nonprofits regularly evaluate their insurance needs, shop for better rates if their current coverage is too expensive or inadequate, and work with brokers to implement new insurance programs.
This document discusses the importance of life insurance, especially during challenging economic times. It notes that many households admit they need more life insurance but may not purchase it. The document recommends having life insurance that is 7-10 times one's annual salary and provides an online calculator to help determine insurance needs. It closes by thanking the reader and providing contact information for further assistance.
This document summarizes the need for disability insurance. It notes that one in five people will become disabled before age 65, yet many do not plan for this possibility. Disability insurance can replace lost income, which is important as over 40% of workers live paycheck to paycheck. While group disability insurance only costs around $218 per year on average, most employees do not have access to such coverage through their employers. This presents a risk if someone is unable to work due to disability.
Attendees at the 2016 SPARK Forum heard from ERISA expert Tom Schendt (Alston & Bird) and CEO Tod Ruble (Custodia Financial) about three major reasons to implement simple, affordable protection against loan defaults and related cash outs in a 401(k) plan: 1) To reduce fiduciary risk, 2) To improve participant retirement outcomes, and 3) To increase plan assets. Click to view their presentation.
The document is an assessment for disability insurance that encourages the reader to evaluate their need for coverage. It asks a series of questions about income dependence, likelihood of disability, and current insurance coverage. It then prompts the reader to calculate their potential monthly income shortage in the event of disability. The assessment emphasizes that disability is a real risk and that savings and existing coverage may not be sufficient to support living expenses if one is unable to work due to illness or injury. It encourages contacting an agent to review disability insurance options.
Who needs insurance preparation for the generationsGen Re
This document provides insurance statistics by generation to help sales representatives discuss coverage needs with customers. It finds that a 35-year-old blue collar worker has a 34% chance of a long-term disability, and the average length is nearly 6 years. Most people will develop cancer or a chronic illness in their lifetime. The leading cause of death for Gen Xers and Millennials is unintentional injury. Many lack adequate emergency savings or life insurance to cover expenses, with Gen Xers having the largest coverage gap. Proper insurance can help prepare for unexpected disabilities, illnesses, or death.
The document discusses various types of liability insurance that nonprofits should consider purchasing, including general liability insurance, directors and officers liability insurance, professional liability insurance, and other specialized coverage. It provides details on what each type covers, differences between certificates of insurance and additional insureds, how to evaluate current coverage and risk management, and tips for selecting brokers and insurers.
The document discusses various types of liability insurance that nonprofits should consider purchasing, including general liability insurance, directors and officers liability insurance, professional liability insurance, and other specialized coverages. It provides details on what each type covers, and recommends that nonprofits regularly evaluate their insurance needs, shop for better rates if their current coverage is too expensive or inadequate, and work with brokers to implement new insurance programs.
This document discusses the importance of life insurance, especially during challenging economic times. It notes that many households admit they need more life insurance but may not purchase it. The document recommends having life insurance that is 7-10 times one's annual salary and provides an online calculator to help determine insurance needs. It closes by thanking the reader and providing contact information for further assistance.
This document summarizes the need for disability insurance. It notes that one in five people will become disabled before age 65, yet many do not plan for this possibility. Disability insurance can replace lost income, which is important as over 40% of workers live paycheck to paycheck. While group disability insurance only costs around $218 per year on average, most employees do not have access to such coverage through their employers. This presents a risk if someone is unable to work due to disability.
Attendees at the 2016 SPARK Forum heard from ERISA expert Tom Schendt (Alston & Bird) and CEO Tod Ruble (Custodia Financial) about three major reasons to implement simple, affordable protection against loan defaults and related cash outs in a 401(k) plan: 1) To reduce fiduciary risk, 2) To improve participant retirement outcomes, and 3) To increase plan assets. Click to view their presentation.
The document is an assessment for disability insurance that encourages the reader to evaluate their need for coverage. It asks a series of questions about income dependence, likelihood of disability, and current insurance coverage. It then prompts the reader to calculate their potential monthly income shortage in the event of disability. The assessment emphasizes that disability is a real risk and that savings and existing coverage may not be sufficient to support living expenses if one is unable to work due to illness or injury. It encourages contacting an agent to review disability insurance options.
Who needs insurance preparation for the generationsGen Re
This document provides insurance statistics by generation to help sales representatives discuss coverage needs with customers. It finds that a 35-year-old blue collar worker has a 34% chance of a long-term disability, and the average length is nearly 6 years. Most people will develop cancer or a chronic illness in their lifetime. The leading cause of death for Gen Xers and Millennials is unintentional injury. Many lack adequate emergency savings or life insurance to cover expenses, with Gen Xers having the largest coverage gap. Proper insurance can help prepare for unexpected disabilities, illnesses, or death.
Ten Tips for Safe Summer Barbecues: Learn the Dos and Don'ts of Grilling9jhbshadeports
1) The document provides 10 tips for safely using backyard barbecue grills, with 7,000 Americans injured each year from misusing grills.
2) Key safety tips include keeping grills at least 10 feet from any structure, cleaning grills regularly to prevent grease buildup and fires, and checking gas hoses and connections for leaks.
3) Dangerous practices to avoid are turning on gas with the lid closed, leaving grills unattended as fires double in size every minute, and using grills indoors which poses fire and carbon monoxide hazards.
This document describes a metering link disconnect box and mini pillar product that allows independent distribution network operators to connect to distribution network operator networks and monitor private network power consumption. The product consists of an underground metering link disconnect box connected to a surface-mounted mini pillar. Key components include link chambers, fuse carriers, current transformers, and pre-wired connections. The product has undergone electrical and component testing and is patented for use as a DNO/IDNO linking disconnecting unit.
The document compares and contrasts the science fiction films The Hunger Games and Divergent. Both are based on popular young adult novels and feature teenage female protagonists, but have different plots, characters, and themes. The Hunger Games is set in a dystopian future where young people must fight to the death on television. Katniss volunteers to take her sister's place. Divergent takes place in a society divided into factions; Beatrice discovers she is Divergent and does not fit into one group. While both depict dystopian futures, The Hunger Games focuses on violence and inequality, while Divergent's theme is identity and choice. Overall, the document analyzes the similarities and differences between the two
El documento describe los portafolios como una colección de documentos que muestran el progreso y logros de un estudiante. Los portafolios permiten al profesor y al estudiante monitorear el aprendizaje y realizar cambios. También permiten evaluar las habilidades y logros de los estudiantes a través de cómo piensan, analizan y crean. Los estudiantes pueden participar en la selección de contenidos y criterios de evaluación de su propio trabajo.
Kino, Juana, and their baby Coyotito lived in a small village in Mexico. One day, Coyotito was stung by a scorpion and became ill. Kino took Coyotito to the doctor, who treated the baby by putting white powder in his mouth.
Este documento discute la identidad latinoamericana desde dos perspectivas: histórico-cultural y psicológica. Desde la perspectiva histórico-cultural, la identidad latinoamericana fue determinada principalmente por la herencia española, incluyendo la religión católica, el idioma español, la historia común y el urbanismo. La perspectiva psicológica enfatiza el mestizaje resultante de la mezcla de culturas indígenas, españolas y africanas, el cual se refleja en la
Advantages & disadvantages of social networkingsxiimenaafonsan
This document lists and compares the advantages and disadvantages of using social media platforms like Facebook and Twitter. Some key advantages mentioned include staying connected with others, sharing content easily, and using social media for business purposes. However, the document also notes potential disadvantages such as privacy issues, overuse leading to addiction, fake profiles, and performance problems. Both Facebook and Twitter are assessed as generally easy to use but raising concerns around privacy controls and anonymous or fake accounts.
This document discusses the importance of life and disability insurance. It begins by noting that many employees are underinsured or lack insurance, leaving them vulnerable if the primary wage earner dies or becomes disabled. Specifically, only around half of workers have short or long-term disability coverage, and 41% of adults lack any life insurance. It then examines reasons for this, such as financial priorities, lack of knowledge, and procrastination. The document emphasizes that disability is more common than most people assume, with a 33% chance of a 6-month disability, and that disabilities usually stem from common illnesses not covered by workers' compensation. Finally, it notes the high financial toll of disabilities, with costs potentially totaling around $1 million
This document provides an overview of different types of personal insurance products and tips to help avoid common mistakes. It discusses life insurance, total and permanent disability insurance, income protection insurance, trauma insurance, and business expenses insurance. It emphasizes the importance of having adequate insurance coverage to protect your family's livelihood in case of illness, injury, or death. It warns against direct marketing insurance due to higher costs, lack of features, and uncertainty of payouts. It recommends seeking independent financial advice to help determine the right insurance coverage tailored to individual needs and circumstances.
Life and Disability Insurance: What 20-and-30 Somethings Think.Catherine Clark
Young adults understand the importance of life and disability insurance but have gaps in their knowledge about different types of policies. Many do not fully understand their own coverage or their partner's coverage. While they want insurance to provide for things like debts, mortgages, and dependents' expenses if something were to happen to them, the reality is that many are likely underinsured due to a lack of understanding about their policies. Younger generations value protecting their earning potential but have not taken full steps to do so through insurance.
1. Long term care insurance pays for long term care services such as help with daily activities like eating, bathing, and dressing. It can cover care at home or in facilities like nursing homes.
2. Some key things to know before buying long term care insurance are getting the right amount of coverage, choosing a company unlikely to raise premiums, understanding rejection doesn't mean you can never get coverage, and getting advice from a specialist.
3. Long term care is an important issue for women as they are often caregivers, live longer, and make up a large portion of nursing home residents.
The document discusses voluntary disability insurance and its benefits. It notes that disability causes nearly 50% of mortgage foreclosures compared to 2% from death. It also states that group voluntary long-term disability insurance through an employer provides affordable protection for employees and growth opportunities for insurance providers. The annual premium for group voluntary LTD through Assurant Employee Benefits is on average $321, much lower than the $1,856 average for individual LTD policies.
The document discusses the risks of disability and importance of disability insurance. Some key points:
- 12% of Americans suffer long-term disabilities each year, and the chances of becoming disabled by age 35 are 50%
- Most disabilities (64%) are not work-related and therefore not covered by workers' compensation
- Losing income due to disability is a major risk, as it could result in losing one's home or draining savings within a year
- Group voluntary disability insurance can provide an affordable way to protect one's income through tax-free benefits and guaranteed acceptance during open enrollment periods.
The document discusses the importance of protecting your family's financial security through life insurance, disability insurance, and long-term care insurance. It notes that your future earnings are typically your most valuable asset but can be at risk if you die prematurely, become disabled, or require long-term care. It highlights that many families are underinsured for these risks. The document urges planning now to choose appropriate insurance coverage to safeguard your loved ones' financial well-being and independence.
Medicaid is a government health insurance program that can become quite important to people who were never poor, because it pays for long-term care. The Medicare program will not pay for custodial care. Learn more about Maryland medicaid in this presentation.
The document discusses the importance of disability income insurance. It notes that the probability of becoming disabled before age 65 is quite high. It also discusses how most disabilities are caused by illness rather than accidents. The document emphasizes that disability insurance can help replace lost income that results from being unable to work due to injury or illness. It highlights some limitations of relying solely on savings, employer-provided insurance, Social Security, or workers compensation.
The document discusses the importance of disability income planning and insurance. It notes that most people do not realize how much income they are expected to earn over their careers. It then highlights the risks of disability and average durations. The rest of the document provides examples of sources of funds during a disability, and suggests that disability income insurance can help replace income and maintain lifestyle. It includes a checklist for evaluating disability income policy features and benefits. The final pages provide a disability income action plan.
Ten Tips for Safe Summer Barbecues: Learn the Dos and Don'ts of Grilling9jhbshadeports
1) The document provides 10 tips for safely using backyard barbecue grills, with 7,000 Americans injured each year from misusing grills.
2) Key safety tips include keeping grills at least 10 feet from any structure, cleaning grills regularly to prevent grease buildup and fires, and checking gas hoses and connections for leaks.
3) Dangerous practices to avoid are turning on gas with the lid closed, leaving grills unattended as fires double in size every minute, and using grills indoors which poses fire and carbon monoxide hazards.
This document describes a metering link disconnect box and mini pillar product that allows independent distribution network operators to connect to distribution network operator networks and monitor private network power consumption. The product consists of an underground metering link disconnect box connected to a surface-mounted mini pillar. Key components include link chambers, fuse carriers, current transformers, and pre-wired connections. The product has undergone electrical and component testing and is patented for use as a DNO/IDNO linking disconnecting unit.
The document compares and contrasts the science fiction films The Hunger Games and Divergent. Both are based on popular young adult novels and feature teenage female protagonists, but have different plots, characters, and themes. The Hunger Games is set in a dystopian future where young people must fight to the death on television. Katniss volunteers to take her sister's place. Divergent takes place in a society divided into factions; Beatrice discovers she is Divergent and does not fit into one group. While both depict dystopian futures, The Hunger Games focuses on violence and inequality, while Divergent's theme is identity and choice. Overall, the document analyzes the similarities and differences between the two
El documento describe los portafolios como una colección de documentos que muestran el progreso y logros de un estudiante. Los portafolios permiten al profesor y al estudiante monitorear el aprendizaje y realizar cambios. También permiten evaluar las habilidades y logros de los estudiantes a través de cómo piensan, analizan y crean. Los estudiantes pueden participar en la selección de contenidos y criterios de evaluación de su propio trabajo.
Kino, Juana, and their baby Coyotito lived in a small village in Mexico. One day, Coyotito was stung by a scorpion and became ill. Kino took Coyotito to the doctor, who treated the baby by putting white powder in his mouth.
Este documento discute la identidad latinoamericana desde dos perspectivas: histórico-cultural y psicológica. Desde la perspectiva histórico-cultural, la identidad latinoamericana fue determinada principalmente por la herencia española, incluyendo la religión católica, el idioma español, la historia común y el urbanismo. La perspectiva psicológica enfatiza el mestizaje resultante de la mezcla de culturas indígenas, españolas y africanas, el cual se refleja en la
Advantages & disadvantages of social networkingsxiimenaafonsan
This document lists and compares the advantages and disadvantages of using social media platforms like Facebook and Twitter. Some key advantages mentioned include staying connected with others, sharing content easily, and using social media for business purposes. However, the document also notes potential disadvantages such as privacy issues, overuse leading to addiction, fake profiles, and performance problems. Both Facebook and Twitter are assessed as generally easy to use but raising concerns around privacy controls and anonymous or fake accounts.
This document discusses the importance of life and disability insurance. It begins by noting that many employees are underinsured or lack insurance, leaving them vulnerable if the primary wage earner dies or becomes disabled. Specifically, only around half of workers have short or long-term disability coverage, and 41% of adults lack any life insurance. It then examines reasons for this, such as financial priorities, lack of knowledge, and procrastination. The document emphasizes that disability is more common than most people assume, with a 33% chance of a 6-month disability, and that disabilities usually stem from common illnesses not covered by workers' compensation. Finally, it notes the high financial toll of disabilities, with costs potentially totaling around $1 million
This document provides an overview of different types of personal insurance products and tips to help avoid common mistakes. It discusses life insurance, total and permanent disability insurance, income protection insurance, trauma insurance, and business expenses insurance. It emphasizes the importance of having adequate insurance coverage to protect your family's livelihood in case of illness, injury, or death. It warns against direct marketing insurance due to higher costs, lack of features, and uncertainty of payouts. It recommends seeking independent financial advice to help determine the right insurance coverage tailored to individual needs and circumstances.
Life and Disability Insurance: What 20-and-30 Somethings Think.Catherine Clark
Young adults understand the importance of life and disability insurance but have gaps in their knowledge about different types of policies. Many do not fully understand their own coverage or their partner's coverage. While they want insurance to provide for things like debts, mortgages, and dependents' expenses if something were to happen to them, the reality is that many are likely underinsured due to a lack of understanding about their policies. Younger generations value protecting their earning potential but have not taken full steps to do so through insurance.
1. Long term care insurance pays for long term care services such as help with daily activities like eating, bathing, and dressing. It can cover care at home or in facilities like nursing homes.
2. Some key things to know before buying long term care insurance are getting the right amount of coverage, choosing a company unlikely to raise premiums, understanding rejection doesn't mean you can never get coverage, and getting advice from a specialist.
3. Long term care is an important issue for women as they are often caregivers, live longer, and make up a large portion of nursing home residents.
The document discusses voluntary disability insurance and its benefits. It notes that disability causes nearly 50% of mortgage foreclosures compared to 2% from death. It also states that group voluntary long-term disability insurance through an employer provides affordable protection for employees and growth opportunities for insurance providers. The annual premium for group voluntary LTD through Assurant Employee Benefits is on average $321, much lower than the $1,856 average for individual LTD policies.
The document discusses the risks of disability and importance of disability insurance. Some key points:
- 12% of Americans suffer long-term disabilities each year, and the chances of becoming disabled by age 35 are 50%
- Most disabilities (64%) are not work-related and therefore not covered by workers' compensation
- Losing income due to disability is a major risk, as it could result in losing one's home or draining savings within a year
- Group voluntary disability insurance can provide an affordable way to protect one's income through tax-free benefits and guaranteed acceptance during open enrollment periods.
The document discusses the importance of protecting your family's financial security through life insurance, disability insurance, and long-term care insurance. It notes that your future earnings are typically your most valuable asset but can be at risk if you die prematurely, become disabled, or require long-term care. It highlights that many families are underinsured for these risks. The document urges planning now to choose appropriate insurance coverage to safeguard your loved ones' financial well-being and independence.
Medicaid is a government health insurance program that can become quite important to people who were never poor, because it pays for long-term care. The Medicare program will not pay for custodial care. Learn more about Maryland medicaid in this presentation.
The document discusses the importance of disability income insurance. It notes that the probability of becoming disabled before age 65 is quite high. It also discusses how most disabilities are caused by illness rather than accidents. The document emphasizes that disability insurance can help replace lost income that results from being unable to work due to injury or illness. It highlights some limitations of relying solely on savings, employer-provided insurance, Social Security, or workers compensation.
The document discusses the importance of disability income planning and insurance. It notes that most people do not realize how much income they are expected to earn over their careers. It then highlights the risks of disability and average durations. The rest of the document provides examples of sources of funds during a disability, and suggests that disability income insurance can help replace income and maintain lifestyle. It includes a checklist for evaluating disability income policy features and benefits. The final pages provide a disability income action plan.
Most of the country's retirement savings are held in banks, precious metals, real estate, stocks, and retirement accounts like IRAs and 401(k)s. However, a large percentage of these savings could be lost due to risks, fees, and taxes. Additionally, most consumers do not understand how these three factors—risks, fees, and taxes—affect their retirement accounts. Freedom Equity Group presents an alternative strategy that aims to protect retirement savings from these potential losses.
Buying insurance can be confusing, but when the unexpected happens – a house fire, a fender bender or a broken bone – it's a relief to know that some of those financial losses will be covered. But how do you know how much coverage you need? And what questions should you ask before buying a policy? Many consumers aren't sure. Insurance coverage is far from one size fits all, so here's a look at mistakes some consumers make when buying insurance.
More info:
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The document discusses the importance of protecting one's assets and income through insurance policies. It notes that only about 10% of the working population has income protection and over a third of Australians risk becoming disabled for over 3 months before retirement. Various types of insurance like income protection, critical illness coverage, life insurance, and trauma insurance are presented as ways to financially protect oneself and one's family from risks relating to health issues, death, or disability. The document advocates lessening the financial impact of such risks through insurance rather than taking on the risks oneself.
Does Medicare Pay for Long-Term Care in New YorkMark Eghrari
Medicare does not pay for long-term custodial care like that received in nursing homes. Such care can cost over $160,000 per year in New York. While Medicare helps with medical costs, 7 in 10 seniors will require long-term care assistance that Medicare does not cover. Medicaid may pay for long-term care for those with limited assets who qualify through a spend-down process. Planning is needed to qualify for Medicaid assistance with long-term care costs that Medicare does not cover.
No exam life insurance policies provide coverage without a medical exam, though applicants must answer health questions. Term policies offer up to $250,000 coverage for a limited time, while whole life policies provide lifetime coverage up to $40,000. Guaranteed issue policies offer up to $10,000 forever but only refund premiums initially. An independent agent can help applicants choose the best no exam option and obtain the most competitive quote based on their needs and health profile.
Most of us believe in the saying that ‘work is life’. To a great extent this statement stands valid. We work in order to survive and derive the basic necessities of our lives.
In life insurance, you insure yourself to protect your loved ones. It's as if by putting on a helmet yourself, your child would be safe if he or she fell off the bike. It sounds illogical and yet it's not only true but it's very effective!
You probably guessed it, but your life insurance will pay a death benefit when you're gone. So you'll never really benefit from it. Instead, your spouse, children, parents or loved ones will be the real people protected by your life insurance. Since they would be the people most affected by your death, they are the ones you really protect by taking out your insurance.
WHITE PAPER: The Real Story About Life SettlementsStephen Terrell
The truth is that life settlements are simply another powerful
tool in an advisor’s toolbox. They can be used skillfully to put
a client’s money in motion, helping create important liquidity events for them. Research from the London Business School indicates that life settlements provide an average of four times as much money as the cash surrender value offered by insurers.1 In cases where a client risks defaulting on his or her life insurance premiums, life settlements can be a way to find benefit in a policy that has become burdensome.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
South Dakota State University degree offer diploma Transcriptynfqplhm
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Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.