While we have talked about the general froth in the initial public offering (IPO) market, it is time to focus on one of the major drivers – special-purpose acquisition companies (SPACs). SPAC IPOs accounted for over half of all IPOs in 2020 and are already set to make up a majority in quarter one of 2021. This is a cause for worry in the market and, more importantly, for investors who may get caught bearing the real costs of a SPAC. We'll look at the why and how of SPACs, as well as why the odds seem tilted against individual investors realizing a good return. Key Takeaways The IPO market has been frothy of late, with tech offerings seeing huge jumps in first-day trading. Within this IPO market, SPACs are making up a larger share of new offerings. This means that more and more money is hitting the market with a plan to find something to buy. SPACs give creators and sponsors structural advantages that later investors don't have, making the decision for retail … [Read more...] about SPACs Look Like a Bubble Within a Bubble
Worker gets shot like a cannon after a explosion
Trump: Gun Free Zones Are Like ‘Going In For Ice Cream’ For Mass Murderers
President Donald Trump spoke strongly against gun free zones in schools Thursday and continued to advocate for arming teachers in classrooms in the wake of the recent school shooting in Parkland, Florida. “We have to harden our schools, not soften them up,” Trump declared, adding that gun free zones are like “going in for the ice cream” for potential school shooters. The President continued “I want my schools protected just like I want my banks protected,” explaining “If you harden the sites you’re not going to have this problem… When you say this school is gun free… That’s what they want to hear.” WATCH: He added “You come into our schools. You’re going to be dead. It’s going to be fast.” Trump has appeared to endorse arming teachers in the wake of the Parkland massacre repeatedly in person and on twitter. On Wednesday, he told a listening session of families affected by school shootings that “if the coach had a firearm in his locker when he ran at this guy. That coach … [Read more...] about Trump: Gun Free Zones Are Like ‘Going In For Ice Cream’ For Mass Murderers
Uvalde Student Covered Herself In Blood And Pretended To Be Dead During Shooting, Her Family Says
The aunt of an 11-year-old Robb Elementary School student said her niece survived Tuesday’s shooting by covering herself in her classmate’s blood and pretending to be dead. Fourth-grader Miah Cerrillo witnessed her teacher and classmates die Tuesday during the tragic Uvalde, Texas, mass shooting that left 19 children and two teachers dead, aunt Blanca Rivera said, according to KPRC . Cerrillo went into survival mode after seeing them shot, Rivera said, the outlet reported. Eleven-year-old Miah Cerrillo is struggling to cope with the loss of her teacher and friends following the tragic shooting at a Uvalde elementary school Tuesday. https://t.co/G7AGC3LVnd — KPRC 2 Houston (@KPRC2) May 26, 2022 “My sister-in-law said that [Miah] saw her friend full of blood, and she got blood and put it on herself,” Rivera told KPRC. (RELATED: Witnesses Of Texas School Shooting Begged Police To Go In, Suggested Just Rushing In Themselves) Cerrillo wasn’t shot but was … [Read more...] about Uvalde Student Covered Herself In Blood And Pretended To Be Dead During Shooting, Her Family Says
IPL 2021 | CSK vs MI: Kieron Pollard blitzkrieg hands Mumbai Indians four-wicket win over Chennai Super Kings
Kieron Pollard named man of the match for his explosive unbeaten 87 runs off 34 balls and 2 wickets. (Image: IPL/BCCI/Twitter) Batting like a man possessed, Kieron Pollard singlehandedly powered Mumbai Indians to an astonishing four-wicket win over Chennai Super Kings, belting the ongoing IPL's fastest half-century in a high-octane match here on Saturday. Set an imposing target of 219, Pollard raced to his fifty in only 17 balls and remained unbeaten on 87 off 34 deliveries, as he triumphantly walked back to his jubilant teammates at the end of the game. Mumbai needed 16 runs in the final over and Pollard smashed two fours and a six before running two off the last ball to seal the game for his side. CSK rode on an unbeaten 72 off 27 balls by Ambati Rayudu to post 218/4, but it was overshadowed by Pollard's blitzkrieg, as he smashed eight sixes and six fours to build on a strong 71-run opening stand. This was the second highest run-chase in IPL history. Close … [Read more...] about IPL 2021 | CSK vs MI: Kieron Pollard blitzkrieg hands Mumbai Indians four-wicket win over Chennai Super Kings
Q&A: Dave Stewart On How His Love Of The Blues Led To The Ambitious ‘Ebony McQueen’
Share to Twitter Share to Linkedin Dave Stewart is like the Ferdinand Magellan of contemporary music. Stewart, who will be inducted into the Rock And Roll Hall Of Fame this year with Annie Lennox as one half of the Eurythmics, is down to explore every nook and crevice of his artistic temperament. That is why he has worked with, among others, Mick Jagger, Paul McCartney, Stevie Nicks, Tom Petty, Bono, Sinead O'Connor, Martina McBride, Celine Dion, and enough another A-list names to fill three greatest hits albums. Stewart is a true artist, one who has to follow his muse. "Like all things I usually start I have no idea what I'm doing but I will do it, so which is in the 10 commandments of Gilbert and George, 'Thou shall not know what thy does, but thou shall do it,'" he says when I meet with him in the West Hollywood hotel he is staying in while in L.A. The result of his creative wanderlust is his most ambitious project to date. The 26-track Ebony … [Read more...] about Q&A: Dave Stewart On How His Love Of The Blues Led To The Ambitious ‘Ebony McQueen’
How to Hire People You Can’t Afford
Hiring. It’s a huge problem for almost every small business owner. In today’s lean environment, you need high value contributors, not warm bodies. The good news is that you can get some very interesting, capable team members without actually having to hire them yourself. A variety of companies manage talent in finance, engineering, and public relations, providing top-notch talent on part-time arrangements. For the business owner, this provides much-needed flexibility. You don’t have to make commitments to potential employees when you don’t know what the next year or even the next quarter will look like. For the right workers, these arrangements allow unheard-of flexibility, challenge, and the ability to pursue other passions in life. The arrangement is strictly business-to-business, and the intensity of the engagements can be dialed up or down depending on the entrepreneur’s immediate needs. There are no 1099’s, no insurance issues, no hassle. If it isn’t working out, there … [Read more...] about How to Hire People You Can’t Afford
How Pearl River Mart Champions Asian American And Pacific Islander Representation
Share to Twitter Share to Linkedin Tucked away in Chelsea Market lies a mecca of Asian goods— Pearl River Mart . Upon stepping inside the inviting Asian American emporium—the world’s first of its kind—you would never guess its activist origins. Part of the first wave of immigrants that followed the lifting of immigration quotas in the mid-20 th century, student activists Ming Yi And Ching Yeh Chen created Pearl River Mart in 1971 to fill the gap of Chinese goods in New York City. Their store became the place for the Chinese diaspora to find their favorite staples—from ginseng to porcelain tea sets. But more importantly, it was a site of belonging filled with reminders of home. Five decades later and Pearl River Mart has grown into a New York City institution as a steward of Asian American culture. But their growth has not been without its challenges—in its over 50-year-old history, Pearl River Mart has moved its flagship store five times due to … [Read more...] about How Pearl River Mart Champions Asian American And Pacific Islander Representation
A Time to Rise, Again!
The author, Cindy Domingo, at the Bantayog ng mga Bayani in Quezon City, where the the names of her brother Silme Domingo and friend Gene Viernes, Fil-Am trade unionists, are inscribed. CONTRIBUTED SEATTLE – My heart is heavy with sadness and anger as I organize the annual dinner of A Legacy of Equality Leadership and Organizing (LELO) to honor the 41 st anniversary of the deaths of my brother Silme Domingo and his fellow union brother and friend Gene Viernes. Ferdinand Marcos, Jr., the son of the dictator who was responsible for their assassinations in Seattle on June 1, 1981, has been elected president of the Philippines. Many from Seattle and beyond still remember their cold-blooded murders by Marcos gunmen that took place during afternoon rush hour at the Pioneer Square offices of the Alaska Cannery Workers Union, Local 37, International Longshore and Warehouse Union. It took eight years, three murder trials, and a federal civil suit to bring to justice those who were … [Read more...] about A Time to Rise, Again!
The workplace reckoning in the wake of the Great Resignation
When the history of the COVID-19 pandemic is written, the disease’s economic and cultural impact will surely include the Great Resignation . An unprecedented 45 million Americans voluntarily left their jobs in 2021. In January 2022 alone, 4.3 million workers quit their jobs according to Bureau of Labor Statistics figures. advertisement advertisement IMany employees quit for what they believed were greener pastures. Others sought a sabbatical from “9 to 5” employment, while still others entered a period of “perpetual retirement” where they exited the workforce but, for a variety of reasons, are anticipated to return, perhaps cyclically. Profound Transformation Behind the exodus is a more profound transformation: U.S. workers are demanding a reevaluation of the contractual nature of work—and the power is in their hands. The relationship between employer and employee is changing, and employers are no longer in the driver’s seat. To … [Read more...] about The workplace reckoning in the wake of the Great Resignation
How to build business momentum during challenging times
Today’s tight labor market, economic challenges, and customers’ ever-increasing expectations have changed the business landscape. To adapt, survive and have a chance to thrive, businesses must be increasingly agile. advertisement Companies need the people, processes and technology to support fast decision making, continued innovation and inevitable pivots. Let’s consider how your business can use process redesign, automation and people-first strategies to speed up workflows while delivering exceptional experiences for customers and employees alike. Customer service and personalization Customer service has become a business differentiator: a tool for building connections and reinforcing brand values. While this is more important than ever, it is also more complicated. Jeff Weiner, vice president, general manager at Conduent , a provider of business process outsourcing (BPO) solutions that ignite efficiency, savings and revenue growth, explains that the … [Read more...] about How to build business momentum during challenging times