Tag: money

Facebook Fundraisers: Where Does All That Money Go?
POLITICS

Facebook Fundraisers: Where Does All That Money Go?

Fake news is not the only thing cropping up on Facebook and other social media sites. Also bogus are some public service messages. Facebook’s fundraising feature, launched in 2017, has resulted in millions raised for numerous charities. Yet, the social media behemoth experienced recently a posted meme that “claimed the social media company was using the contributions its users were making to birthday fundraisers as a tax-deductible write-off for the company,” shared snopes.com on Nov. 6. Facebook has decried the meme message as “completely false,” and the company has maintained that “100% of what’s raised using donate buttons and fundraisers created on Facebook goes to the benefiting nonprofit,” added snopes.com. Perhaps in response or coincidentally, Facebook rolled out new fundraisin...
Political Crowdfunding Does More Than Raise Money – It Can Also Rile Up Opponents
MONEY, POLITICS

Political Crowdfunding Does More Than Raise Money – It Can Also Rile Up Opponents

The success of politicians in the U.S. largely depends on the amount of funding they receive from various sources. Although political action committees contribute considerably to elections, a recent survey showed that grassroots contributions – gifts under US$200 – are equally crucial and contribute a sizable amount. Donald Trump’s 2016 presidential campaign raised 69% of its funding from small donors. Traditionally, volunteers went door to door to solicit donations from individuals. Today, politicians use social media to encourage their supporters to donate and eventually vote for them. Many politicians such as senators Bernie Sanders and Ted Cruz have turned to this sort of political crowdfunding. The primary objective of political crowdfunding is to assist politicians in raising funds...
WEBINAR EDUCATION

Online August 18, 2022: Is Money A Motivation? With Bill Bachrach

Is Money a Motivation? with Bill Bachrach Business Acceleration 2.0 Online August 18, 2022 Register Now BILL BACHRACH, CSP, CPAE Hall of Fame Keynote Speaker Thursday’s guest will provide us a packed session as, in addition to the theme, we will also discuss: The importance of success fundamentals The art of building high trust client relationships The power of values to positively influence human behavior Speaker Bill Bachrach Date & Time Thursday, August 18th, 2022 12:00PM - 1:00PM Central Location: Online Register Now Event Speaker Bill Bachrach Bill Bachrach’s thinking, writing, speaking, and training have made him one of the most popular resources in the world for Financial Advisors who seek to build high-trust client relationship...
Money Buys Even More Happiness Than It Used To
POLITICS, SOCIETY

Money Buys Even More Happiness Than It Used To

Many factors determine happiness, but one has stirred considerable controversy over the years: money. While the old adage says that money can’t buy happiness, several studies have determined that the more your income increases, the happier you are, up until US$75,000 a year. After hitting that threshold, more income doesn’t make a difference. But in a new analysis of more than 40,000 U.S. adults aged 30 and over, my colleague and I found an even deeper relationship between money and happiness. Because the survey data spanned five decades, from 1972 to 2016, we were also able to see if the link between money and happiness changed over the years. That’s where things got interesting: Today, money and happiness are more strongly related than they were in the past. It seems money buys more h...
By Giving Money Without Lots Of Obligations Some Funders Are Embracing ‘Trust-Based Philanthropy’
BUSINESS, IN OTHER NEWS

By Giving Money Without Lots Of Obligations Some Funders Are Embracing ‘Trust-Based Philanthropy’

With most foundations, the board of directors and top executives set all funding priorities. Nonprofits seeking money from those funders, in turn, must demonstrate an intention to do work that conforms to those priorities. The same system prevails with many individual wealthy donors. Any nonprofit awarded a grant must follow the funder’s priorities and comply with all of its reporting requirements – which, with some foundations, can be very time-consuming. Funders, rather than the communities they aim to support, hold most of the power in this arrangement. That can steer priorities in the wrong direction because the organizations that deal primarily or exclusively with those issues are probably more aware of what’s going on and what works best. I’m studying the growing number of foundat...
Money Talks: Big Business, Political Strategy And Corporate Involvement In US State Politics
POLITICS

Money Talks: Big Business, Political Strategy And Corporate Involvement In US State Politics

Political spending by corporations is big business. As one corporate executive with experience in business-government relations says, “A company that is dependent on government that does not donate to politicians is engaging in corporate malpractice.” Our research group heard that statement during a series of interviews with industry insiders that we conducted for a study on corporate political strategy and involvement in U.S state politics. In the 2018 election cycle, for example, private interests spent US$500 million on campaign contributions to U.S. federal election candidates and nearly $7 billion to lobby federal officials. As shown by campaign finance monitor the Center for Responsive Politics, those firms most affected by government regulation spend more. The operations of Face...
Why You’ll Be On A Blockchain When You’re Virtual-World Hopping – The Metaverse Is Money And Crypto Is King
IN OTHER NEWS, TECHNOLOGY, VIDEO REELS

Why You’ll Be On A Blockchain When You’re Virtual-World Hopping – The Metaverse Is Money And Crypto Is King

You may think the metaverse will be a bunch of interconnected virtual spaces – the world wide web but accessed through virtual reality. This is largely correct, but there is also a fundamental but slightly more cryptic side to the metaverse that will set it apart from today’s internet: the blockchain. In the beginning, Web 1.0 was the information superhighway of connected computers and servers that you could search, explore and inhabit, usually through a centralized company’s platform – for example, AOL, Yahoo, Microsoft and Google. Around the turn of the millennium, Web 2.0 came to be characterized by social networking sites, blogging and the monetization of user data for advertising by the centralized gatekeepers to “free” social media platforms, including Facebook, SnapChat, Twitter an...
Money Can’t Buy Fitness, You Gotta Earn It
HEALTH & WELLNESS

Money Can’t Buy Fitness, You Gotta Earn It

It's long been said that money can't buy everything and most will agree if they are truly being honest throwing silliness aside. Money can't buy you true love. Money can't buy back your youth or bring back loved ones that have passed on. And additionally, money can't buy fitness no matter how much you shell out of your pocket. To make that point clear, all the money in the world cannot automatically create that perfect physique regardless of how much you are willing to pay. Sure money can pay for a private gym membership or even allow you to build your own gym in your backyard. Money will also allow you to hire a 24 hour a day personal trainer along with a chef to be at your beckoning call whenever you need a healthy meal prepared. Money can also pay for weight reduction surgeries or ...
Investors Selectively Forget Their Money-Losing Stocks – They Often Have A Biased Memory – Why Are They So Cocky?
MONEY

Investors Selectively Forget Their Money-Losing Stocks – They Often Have A Biased Memory – Why Are They So Cocky?

Philip Fernbach, University of Colorado Boulder and Daniel Walters, INSEAD The Research Brief is a short take about interesting academic work. The big idea Stock investors mistakenly remember their past investments as better than they actually were, which leads them to be overconfident about how they’ll perform in the future, according to our new study. Past research has shown that investors tend to be very overconfident. But there’s been little explanation as to why. We wondered whether a biased memory might play a role. So we recruited about 900 investors – mostly men, who dominate the finance industry – through online forums and panels and conducted three studies. In the first, we asked 401 investors a series of questions intended to estimate their level of overconfidence, glean the...
Reparations – Why Are They About More Than Money
IN OTHER NEWS

Reparations – Why Are They About More Than Money

Kerry Whigham, Binghamton University, State University of New York Between 1904 and 1908, German soldiers and settler colonists killed about half of all Nama people and over 80% of the Herero ethnic group. On May 28, 2021, German Foreign Minister Heiko Maas acknowledged that Germany committed genocide in what is today Namibia. Maas’ statement was Germany’s first official description of these events as “genocide.” Maas also announced that Germany would pay Namibia roughly US$1.3 billion to answer for these crimes. Many refer to this gesture as reparations. Meanwhile, in the United States, reparations to Black Americans for slavery are gaining traction. A growing number of universities, including Georgetown and Virginia Theological Seminary, along with a few cities such as Asheville, North...