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Refilling the U.S. Strategic Petroleum Reserve may take years, U.S. Energy Secretary Jennifer Granholm said this week, reversing plans the Biden administration announced late last year to repurchase at lower prices oil it sold from the reserve in 2022. However, the relatively limited size of the planned repurchases in proportion to global oil demand makes assessing the impact on U.S. crude oil markets somewhat difficult—especially amid current global economic trends and geopolitical challenges. KEY TAKEAWAYS U.S. Energy Secretary Jennifer Granholm said this week it may take years for the government to replenish its Strategic Petroleum Reserve. It's a reversal of plans the government announced last year to repurchase oil it sold from the reserve at lower prices. Current global economic concerns and geopolitical conditions, however, present challenges in assessing the market impact of the decision. Granholm told a House panel Thursday that the U.S. likely would not … [Read more...] about US to Take Years to Refill Its Strategic Petroleum Reserve

(CTN News) – Elon Musk, who has a significant stake in Twitter , has announced that verified accounts for corporations will cost $1,000 per month , plus $50 per month for each associated account. On Friday, Twitter unveiled the new verification program and stated that starting April 1, it would begin “winding down” its previous verification system. On Friday, Twitter CEO Elon Musk affirmed that a verified person account would continue to receive the perks of the verification mark. Twitter’s new Verified Organizations program allows businesses to apply to be added to a waiting list to receive Twitter’s gold verification checkmark. Any individual person’s Twitter account affiliated with a verified organization is automatically verified https://t.co/5j6gx6UKHm — Elon Musk (@elonmusk) March 24, 2023 Twitter’s New Verification Program to Charge Businesses $1,000/Month In January, Twitter started a verification initiative for businesses. We will unveil … [Read more...] about Elon Musk-Backed Twitter to Charge Businesses $1,000 Monthly for Gold Verification Checkmark

Share to Twitter Share to Linkedin The Department of Education (ED) has officially said that this year’s Free Application for Federal Student aid (FAFSA) will not open until December , two months later than usual. The delay comes as the result of a huge overhaul of the federal form that students use to apply for financial aid to help pay for college. An exact date in December has not been announced yet. FAFSA has opened for applications on October 1 the year before students expect to enroll in college since 2016. Previously the form was available on January 1 every year. The FAFSA is the federal form you must complete using income and tax information to be considered for any financial aid from the federal government, your state, or one of the colleges you hope to attend. and is used by states and colleges to determine what support they might be eligible for. The move to an earlier FAFSA was possible because of changes that allowed students and families to … [Read more...] about Updated FAFSA Launch Officially Delayed Two Months To December

BREADWINNER   Teodora Vega inside her “sari-sari” store in Pasig —photos by Gillian Villanueva Nearly 20 years ago, Veronica Garcia used to hawk sili, kamias, sampalok and other spices in a pushcart. As her husband was not earning enough as taho and binatog vendor, she decided to start selling vegetables and other goods as well. Her sister, who had her own car, helped her buy products in Divisoria, Urdaneta, Pangasinan, and other provinces. Nowadays, she is able to relax at home while her children tend to her stalls at a nearby wet market in Pasig. Her husband helps with the household chores. “I was pushing around a kariton , until I was able to rent a stall, until the stall became my own,” the 51-year-old says. Part of the reason that she was able to succeed in growing her business was the financing she was able to get from ASA Philippines Foundation. Her sister, who used to be a member of ASA, introduced her to the microfinance company. At that time, Garcia was still … [Read more...] about Empowering Pinay microentrepreneurs

Share to Twitter Share to Linkedin Brands are taking advantage of the national attention on both men’s and women’s basketball athletes during March Madness, but their strategies differ. Some had campaigns ready to go before the tournaments began, while others have been sitting on the sidelines waiting to see which programs and athletes emerge as this year’s biggest stories. Last year, Doug Edert and his signature mustache cashed in when Saint Peter's made history by becoming the first 15 seed to advance to the Elite Eight. Entering March in 2022, Edert had around 1,500 followers on Instagram and was rarely posting. A year later, he has more than 148,000 followers and has worked with national brands like Buffalo Wild Wings and Barstool Sports. Edert’s mustache is again a focus this year as it adorns special edition Pringles cans. The ““March Mustache Collection” also features Duke’s Dariq Whitehead and Virginia’s Ben Vander Plas. Fans are asked to show off … [Read more...] about How Brands Are Using The NCAA Tournament To Strike New NIL Deals

Share to Twitter Share to Linkedin The importance of engagement in both workplace and educational success has been well illustrated over the last 20 years by the analytics company Gallup. Even though tracking engagement throughout the day can be quickly done in the traditional classroom, schools remain focused on attendance. But why should they when mental presence, more than physical presence, is the necessary precondition for learning? There is data supporting the importance of engagement engagement. In a meta-analysis of decades of corporate engagement data, Gallup found that high engagement consistently leads to more positive outcomes, such as higher productivity, lower absenteeism, higher quality work, and higher job satisfaction. Likewise, with in grades 5 to 12, Gallup found engaged students are 2.5 times more likely to say they do well in school and are 4.5 times more hopeful about their futures than their disengaged peers. Engagement correlates … [Read more...] about Student Engagement Matters More Than Attendance; Why Don’t Schools Track It?

3dar is No. 47 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. 3dar, which started almost 20 years ago as an animation studio led by two filmmakers and brothers, has grown its profile and expanded its scope, growing into a leading production studio in virtual and augmented reality, using the technology to engage users and tell stories. The Buenos Aires, Argentina–based company was among Meta’s biggest AR filter partners in Latin America last year—creating selfie filters and social games for Instagram and Facebook throughout the year. It also earned a Lion at the 2022 Venice Film Festival in September for Eggscape , an immersive, mixed-reality game that turns a player’s environment into the backdrop for VR gameplay, in which players use the Meta Quest 2’s pass-through mode to guide an anthropomorphic egg through an AR obstacle course. 3dar’s mix of real-world … [Read more...] about From video games to Bad Bunny, this Argentinian studio is breaking new ground in AR and VR

Share to Twitter Share to Linkedin Effective decision making to avoid failures and maximize success is your key role as a leader: that’s why “decision makers” is synonymous with leaders. Yet how can you ensure that your decision making results in the right calls as opposed to decisions disasters? Let’s say you make a poor choice on a hire for a major position. General Electric’s Board of Directors hired John Flannery as CEO in 2017 to restructure the company, but he didn’t work out. Shares fell by over 35% in the next year and the Board forced him out in 2018; immediately afterward, GE’s shares rose by 14%. Or perhaps you make a major decision-making error in strategy. Research shows that 46% percent of companies go bankrupt due to wrong-headed strategic moves by their leaders. For instance, Toys ‘R’ Us went bankrupt due to a number of lousy strategic decisions by the company’s leadership, such as taking on too much debt and failing to compete … [Read more...] about 8 Key Steps For Effective Leadership Decision Making To Avoid Decision Disasters

When the Ringling Bros. and Barnum & Bailey Circus—back after a six-year absence—begins its 50-city tour of North America this September, it will include 75 highly trained performers and a litany of extravagant acts. Tightrope walkers will flit across a triangular rope, 30 feet in the air. Acrobats will launch themselves between four spinning wheels suspended from stadium ceilings. BMX bikers will spring off a giant trampoline. And a 360-degree set studded with massive video screens and enhanced with sonic spatial technology will envelop audiences in the spectacle. There won’t, however, be any lions, tigers, or bears. Oh my! “When you have a brand called ‘The Greatest Show on Earth,’ you can’t downscale,” says Juliette Feld Grossman, chief operating officer at Feld Entertainment, which acquired the iconic circus in 1984. “You really have to reimagine and reinvent.” Founded in 1871, the Ringling Bros. and Barnum & Bailey circus delighted American families … [Read more...] about The Greatest Show on Earth gets a second chance

Share to Twitter Share to Linkedin Is it time for us contrarians to “buy the dip” in bank stocks? We’re drowning in big bank-scare headlines. Silicon Valley Bank (SIVB VB ) knuckled under in days, Signature Bank (SBNY) wasn’t too far behind, and across the pond, Credit Suisse (CS) needed a buyout bailout from rival UBS (UBS) . The next bank run, however, won’t be with the big boys . Too big to fail, baby . Here, we’ll find not only government help but also secure yields of up to 5.1%—trading at a discount, no less. Why the big guys? Well let me show you. Last week, my software firm received this email from one of our vendors: “Brett, Just wanted to give you our new banking details. We’re out of SVB; we’re moving to JPM.” JPM for the win. And they’re not the only big bank benefiting. CNN recently reported that Bank of America BAC (BAC) , Wells Fargo WFC (WFC) and Citigroup C (C) “have all experienced a … [Read more...] about Make Your Own Bank Run On These Blue-Chip Yields