financial

6Sep

By THEIRL1ADMIN01No Comments

‘Sextortion’ Leads To Financial Losses And Psychological Trauma – What To Look Out For

When malicious internet users gain people’s trust to obtain sexually explicit photos or videos, and then use these materials – specifically the threat of sharing them – to coerce them for sexual, personal or financial gain, this is called “sextortion”. Recent incidents of sextortion are not entirely surprising given the increase in social interactions online during lockdowns, particularly by way of online dating. But they are concerning. Being a victim of sextortion is associated with significant financial losses (sextortion cost Americans US$8 million over the first seven months of 2021, for example) as well as trauma. Perpetrators of sextortion could be strangers who want to exploit vulnerable young children or adolescents. They could be former romantic partners or members of organised...

4Apr

By THEIRL1ADMIN01No Comments

IN OTHER NEWS

Tips For Black Financial Empowerment

"The most dangerous of all dependencies is to depend on your powerful oppressor to free you and share power with you, because powerful people never train powerless people to take their power away from them." John Henrik Clarke Introduction The above quote from one of the towering giants of Afrocentric thought, the late John Henrik Clarke, speaks to the reality of present day power relations between Caucasians and Afrikans. Let's amend this quote in light of the topic of this paper, Black financial empowerment. "The most dangerous of all dependencies is to depend on your wealthy oppressor to free you and share wealth with you, because wealthy people (and nations) never train poor people (and nations) to take wealth away from them." John Henrik Clarke adapted by Paul Ifayomi Grant Afri...

Here’s What To Look Out For On Dating Apps – ‘Sextortion’ Leads To Financial Losses And Psychological Trauma

20Feb

By THEIRL1ADMIN01No Comments

SELF

Here’s What To Look Out For On Dating Apps – ‘Sextortion’ Leads To Financial Losses And Psychological Trauma

When malicious internet users gain people’s trust to obtain sexually explicit photos or videos, and then use these materials – specifically the threat of sharing them – to coerce them for sexual, personal or financial gain, this is called “sextortion”. Recent incidents of sextortion are not entirely surprising given the increase in social interactions online during lockdowns, particularly by way of online dating. But they are concerning. Being a victim of sextortion is associated with significant financial losses (sextortion cost Americans US$8 million over the first seven months of 2021, for example) as well as trauma. Perpetrators of sextortion could be strangers who want to exploit vulnerable young children or adolescents. They could be former romantic partners or members of organised...

Tactics Of Tinder Swindlers: First The ‘Love-Bomb’, Then The ‘Financial Emergency’

4Apr

By THEIRL1ADMIN01No Comments

Journalism

Tactics Of Tinder Swindlers: First The ‘Love-Bomb’, Then The ‘Financial Emergency’

In the chart-topping Netflix documentary The Tinder Swindler, three women describe how they were defrauded by convicted conman Simon Leviev (who was born Shimon Hayut) after meeting him on the dating app. The film gives a detailed and deeply personal account of how Leviev used Tinder to connect with his victims and ultimately swindle them out of hundreds of thousands of dollars. I have been researching romance fraud for more than a decade. I have heard the painful and traumatic stories of hundreds of victims. While each story is unique, there are common factors, and some wider lessons to learn. The Tinder Swindler is a powerful example of what can go wrong, but what does it teach us about romance fraud, and how can you avoid becoming the next victim? What is romance fraud? Romance fraud...

How The Act Of Speculating Became A Financial Mania – From Tulips And Scrips To Bitcoin And Meme Stocks

30Apr

By THEIRL1ADMIN01No Comments

BUSINESS

How The Act Of Speculating Became A Financial Mania – From Tulips And Scrips To Bitcoin And Meme Stocks

In the late 1990s, America experienced a dot-com mania. In the 2000s, the housing market went wild. Today, there are manias in everything from bitcoin and nonfungible tokens to SPACs and meme stocks – obscure corners of the market that are getting increased attention. Whether these are the next bubbles to burst remains to be seen. The sudden rise of all these relatively new asset classes – or the astronomical heights they’ve reached – may seem irrational or even enchanted. Describing them as speculative manias implies that individuals are lost in forces beyond their control and needn’t take responsibility for the actions of the crowd. But, as I learned while researching my book “Speculation: A Cultural History from Aristotle to AI,” which will be published in June 2021, financial specul...

College Federal Financial Aid Will Be Easier To Apply For – And A Bit More Generous

13Jan

By THEIRL1ADMIN01No Comments

EDUCATION

College Federal Financial Aid Will Be Easier To Apply For – And A Bit More Generous

The Free Application for Federal Student Aid – better known as FAFSA – is being simplified through the omnibus spending bill that became law in December. The FAFSA is what students must fill out to receive Pell Grants, student loans and many other types of financial aid from states and colleges. Here, Robert Kelchen, an expert on higher education policy, explains what the simplification and other changes mean for students and families. How is applying for federal student financial aid about to change? The good news is the FAFSA will go from having 108 questions to 36 questions, and most students will only have to answer a smaller set of questions about family income and household size. The not-so-good news is that this simplified form will not be available to students until October 2022 to...

Inequalities In The Global Financial System Exposed By COVID-19

16Dec

By THEIRL1ADMIN01No Comments

BUSINESS, COVID-19

Inequalities In The Global Financial System Exposed By COVID-19

To stem the economic fallout from COVID-19, developed countries have injected an unprecedented US$9 trillion into their economies. The International Monetary Fund has recommended sustained fiscal support, emphasizing greater spending on health care and environmental protection projects. Meanwhile, countries in the “global south” – broadly, low- and middle-income countries in Latin America, Asia and Africa – face more dire circumstances. They don’t have the ability to inject that level of cash into their economies. And it’s not only because their economies are poorer. As an economics professor, I focus on the systemic inequalities in the global financial system that block such access in developing economies. With a greater public awareness of soaring inequality within countries, it is ...