Category: Economy

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Economy News

Dow Gains 618 points; Fed May Reach a Positive Level

In an interview that took place earlier this week Federal Reserve Board Chairman Jerome Powell notes that the central bank may lower the speed at which its interest rate grows. The news is favorable for investors that are affected by the growth of the global economy and volatile markets.

This may be interpreted as a sign of goodwill from the Federal Reserve, since it is pleased by the booming stock market and investors will be encouraged if it decides to suspend the initiative of slowly raising interest rates.

The fact that the Dow Jones industrial average managed to climb up by 618 to a total of 25,366 translates into an overall increase of 2.5 percent, effectively negating the loses that took place earlier in November.

The information comes a day after President Donald Trump publicly condemned the policy of the central bank, stating that it negatively affects the economy and it is more harmful than China when it comes to economics. Trumps comment is the most recent in a wave of criticism that seems to target the central bank.

Officials from the Federal Reserve have previously declared that their activities are not influenced by the political climate and there is no connection between what Powell stated and the President’s harsh criticism.

While the Federal Bank lowered rates to zero during the recent economic crisis the hard times have passed. Since 2015 it started to slowly increase the rates in order to prevent inflation and other unwanted effects.

Investors which hope that the bank will cease its plan of raising the rates for the foreseeable future will be disappointed since the next stage should take place in December and another hike may come in early 2019.

The plan is to stop the raise when the rates will reach 3%. Currently they are between 2% and 2.25%

Powell also noted that the economy will continue to grow in the next two years as unemployment and inflation rates will remain low.

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Economy News

Top 5 Methods that Could Reduce CO2 Pollution

While the reduction of carbon dioxide emissions remains a valuable target around the world, a new study suggests that we will need to do more in order to stop global warming before the changes become irreversible.

A new idea is being pushed by several organizations, namely the extraction of CO2 from the atmosphere before the greenhouse effect will raise the global temperature to dangerous levels.

Some think that the ideas below are just a smokescreen used to distract the public from real measures like the limitation of CO2 emissions. The study directly contradicts them as it argues that the methods are in fact viable and they could be used on a large scale.

Man-made wetlands

According to the authors of the project we could reduce the amount of CO2 present in the air by creating artificial wetlands, which should absorb CO2 the while releasing valuable oxygen, killing two birds with one stone. Protecting the existing wetlands should also be a priority, as they count among the most endangered ecosystems on Earth.

Planting trees

It is well-known that global deforestation in the last century is a major contribution to global warming since trees play a major role in the conversion of greenhouse gases to oxygen. The issue here is that researchers know which trees are great for timber, but more research is needed in order to identify the trees that excel at removing C02 from the atmosphere.

Guarding the remaining forests

While planting trees is a noble effort, more needs to be done in order to protect existing forests since prevention is cheaper than treatment. Reforestation after natural disasters is a first step, while limiting the amount of timber turned into firewood would also help.

Better agricultural guidelines

Planting cover crops on barren fields is a sure way to boost oxygen generation and better agricultural guidelines are needed in order to help farmers to grow sustainable cultures.

BECCS

BECCS or biomass energy with carbon capture and storage involves the use of energy crops that consume large amounts of CO2.The crops would then be burned at specialized plants which will convert the energy into electricity while collecting the released CO2 in artificial underground deposits.

Other methods are also being explored, like the use of carbon mineralization.

It remains to be seen which methods will prove to be most effective in the long run as more countries join the Paris climate agreement.

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Economy News Tech

What are the Most Revolutionary Trends in the Video Game Industry in 2018?

Gamers are in for some exciting new trends in 2018. Fortnite started a trickle-down effect and Pokemon GO! is still popular, in other words, gamers have a lot to expect. Best of all, companies seem to have finally began to answer the cries of furies, gratitude and impatience of customers. Without further ado, here is some good news:

  1. First, let’s talk about Esports. Watching college football will become a thing of the past, instead more and more people will watch League of Legends and so on. The Esports industry observed a huge growth that is still expected to continue, by 38% from 2017 to 2018 alone.
  2. The immense popularity of Fortnite might have really opened the doors for more battle royale games. What is not to like? You have to battle hundreds of player while the battleground shrinks.
  3. Pay-to-wins will begin to succumb since there’s nothing more infuriating for a gamer with talent than to lose to another one who just paid for better chances. Because of a lot of complaints, it seems that developers began to shy away from this trend.
  4. Minecraft is still going strong. From 2017, more than 20 million new players joined the game, reaching 75 million, more than the population of Italy, France or the UK.
  5. Companies seem to abandon the idea of updating their consoles on seven-year cycles. Because of the continuous advancements in software and technology, they would start producing models more often and with incremental changes as well.
  6. Augmented reality will become… reality. After the success of Pokemon GO, there are a lot of companies that jumped in on the hype, augmented reality being more accessible than VR.
  7. A lot of people are on the move and they would like to play as they travel. Naturally, carrying your console or PC around isn’t likely to happen and that is exactly why more companies will invest in mobile-cross platforms.
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Crypto Economy News

A Huge Inflatable Rat, Referring to Bitcoin (BTC), Stands Before The Federal Reserve on Wall Street

A giant inflatable rat, referring to Bitcoin (BTC), was installed yesterday in Wall Street, in front of the Federal Reserve Bank of New York, as a form of protest to draw the public’s attention to the state of the economy and the administration of money in the United States.

The rat exposes threatening claws and fangs, covered with color codes and mathematical equations. In its blue eyes, the letters “PoW” can be read, which stand for “Proof of Work,” the algorithm related to Bitcoin (BTC). The piece was created by Nelson Saiers, a US artist and mathematician, former hedge fund manager, who seeks to represent his vision on the central bank’s handling of the US Dollar.

Saiers says he wants to use the piece to help people better understand cryptocurrencies and the Federal Reserve, as well as learn to be a little more faithful to the vision Satoshi Nakamoto had. He also seeks to attract the attention of the Federal Reserve, the agency that controls the US Dollar.

The inflatable rat before the Federal Reserve Bank of New York raised mixed opinions among the Bitcoin (BTC) community members

In this sense, he pointed out that the color white represents the lab rats used for experimental purposes, symbolizing the governmental actions during the financial crisis of 2008, whose products created for the recovery of the economy were experimental, as the mathematician qualified them.

On the other hand, as for the “PoW” inscription, Saiers assures that he is comically asking for a work test that eliminates the centralized fiat money. In his opinion, although Bitcoin (BTC) has been despised, as the rats are, it may play a role in the disappearance of the central banks.

The work, which is still on display in front of the Federal Reserve Bank of New York, aroused people’s curiosity, while some Bitcoin (BTC) community members pointed out on Reddit that many bystanders may not understand the message and associate it with Bitcoin (BTC). Others believe that the figure does not attract attention because it can be confused with any other inflatable rat used in union protests.

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Economy Finance News

Best Tips to Get Leads For Your Business – Quora and Twitter Marketing Automation

Want Some More Leads For Your Business? Here Are Some Tips That Could Help

If you want your business to succeed, you need to promote your business in order to gain customers. Getting leads is essential if you do not want to fail. However, not all business owners know how to generate leads. We have a couple of tips that should help you get started when it comes to getting leads.

New technology is important

When you are investing money, new technology should be on your list of priorities. You should see which technology is popular and do your best to use matching marketing strategies. For example, nowadays most people use their smartphones in order to browse websites, which means that, in order to reach more users, you need to make sure that your advertisements are compatible with their devices.

Tweets are important

If you want users to engage with your content and pay attention to your tweets, you need to put in some effort. For example, including images in your tweets is very effective. You should also remember to use hashtags so that you can enlarge your audience. If you use the right hashtags, your content will be found by more users which means that you will get more leads.

In order to find more potential leads on Twitter you might need to use other tools as well. For example, there are websites that can tell you important details about your followers, such as the times when they tweet, or they location. You can use this information to adapt your tweets so that they will reach a wider audience.

Offer answers on Quora

Quora is a social network where persons post questions every day. Offering answers on Quora can be a way of making users notice your website. This isn’t something that requires a lot of effort and it can help you gain loyal customers.

Marketing automation

We live in the era of technology and you should take advantage of that. You don’t have to do everything on your own, especially when marketing automation tools exist. There are applications such as Drip which can be used to turn information about possible clients into actual leads.

Social media marketing is also important, so you might want to use management tools for that as well. You can create content queues and then create time slots for them so that they can be spread through the day.

Engaging with your leads

You need to engage with your leads if you want your business to be successful. A FAQ can be a great first step, but this is not enough. You will have to think about direct engagement as well. For example, you should try to add live chats or help centres or perhaps create a forum for your business. Customer service is essential, and someone should be available at all times.

Use both outbound and inbound marketing

It is recommended that you combine outbound and inbound marketing because they both have their advantages. Usually, outbound marketing tends to be more effective, but this does not mean that you should ignore inbound marketing.

If we are talking about the inbound approach, you should make sure that you are involved in online communities and you share content constantly. Communication is also vital and you should do your best to solve your customers’ issues.

LinkedIn

If you find it hard to get an audience, you should use websites that already have one. LinkedIn is a social network designed for businesses which can prove to be great if you are looking to promote your business and attract new clients.

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