U.S. workers are among the most stressed in the world, new Gallup report finds

(Source: cnbc.com

Jun 15 2021
Jennifer Liu


U.S. workers are some of the most stressed employees in the world, according to Gallup’s latest State of the Global Workplace report, which captures how people are feeling about work and life in the past year.

U.S. and Canadian workers, whose survey data are combined in Gallup’s research, ranked highest for daily stress levels of all groups surveyed. Some 57% of U.S. and Canadian workers reported feeling stress on a daily basis, up by eight percentage points from the year prior and compared with 43% of people who feel that way globally, according to Gallup’s 2021 report.

This spike isn’t surprising to Jim Harter, Gallup’s chief workplace scientist, who tells CNBC Make It that rates of daily stress, worry, sadness and anger have been trending upward for American workers since 2009. Concerns over the virus, sickness, financial insecurity and racial trauma all contributed to added stress during the pandemic.

But stress spikes were especially acute for women in the last year: 62% of working women in the U.S. and Canada reported daily feelings of stress compared with 52% of men, showing the lasting impact of gendered expectations for caregiving in the household, ongoing child-care challenges and women’s overrepresentation in low-wage service jobs most disrupted by the pandemic. By contrast, the daily stress levels for women in Western Europe went down in the last year, which researchers attribute to social safety nets for parents and workers to prevent unemployment.

And while employee engagement dipped in the rest of the world, it rose to 34% in the U.S. The correlation of higher engagement but also higher stress can result in burnout and mental health challenges and indicates “the intersection of work and life needs some work,” Harter says.


Young people expect their workplace to improve their overall well-being

These sentiments come at a time when younger generations expect their workplaces to provide more value than just a paycheck, Harter says, drawing on previous Gallup research. And in turn, he says organizations have a responsibility to help improve employee well-being if they want to support a resilient workforce; improve learning and performance; and attract top talent.

He points to five elements workplaces can focus on to improve employee engagement and help individuals thrive: career well-being, social well-being, financial well-being, physical well-being and community.

Stress in any one of these areas, such as financial stress due to inequitable pay, or community stress due to an unsafe work environment, can negatively impact a worker’s mental health.

Leaders can do an audit, like through surveys and focus groups, to see if any of their company policies, structures, communications or programs negatively impact their employees’ overall well-being. And when leaders introduce new programs or benefits, Harter says, leaders should connect the value of them to “those five elements, so people understand why you’re providing various benefits, and why you’re trying to provide an overall culture of thriving.”


Who plays the biggest role in employee well-being

It’s crucial CEOs communicate this priority from the top, Harter says, but managers play the biggest role in actually helping improve worker well-being throughout all levels of an organization.

“The most important thing employers can do is to equip managers to have the right kinds of conversations with people,” Harter says. He says companies should be doing more to upskill their managers to facilitate meaningful and ongoing conversations. At least once a week, he says, managers should take the time to get to know their employees’ personal lives, in addition to what they have going on at work and how the two intersect.

“What dictates employee engagement and high well-being is very situational,” Harter says. “We have to equip them to have the right kinds of conversations so they can really impact people and help them find the resources they need.”

Manager training should also be inclusive to recognize workers who need the most flexibility and support, for example, a mom who needs flexibility to do her best work while also taking on child care. Managers can not only point their employees to the best resources, but also be an advocate to senior leaders about introducing new policies or benefits that their workers don’t have but need.

As Harter puts it, “managers are in the best position to understand their employees’ life situation well enough to adjust the work to accommodate them.”

Additionally, some organizations are investing in well-being coaches, seeing that employees who are fulfilled and secure in their personal lives can contribute to the business’s success.

“Having leaders in an organization who authentically believe in improving worker well-being, that’s important to culture,” Harter says.

LinkedIn Leaks 93% of Users’ Data—Refuses Blame for Breach

(Source: securityboulevard.com)  

by Richi Jennings on July 1, 2021

LinkedIn is fighting a crescendo of criticism over a huge data breach, which is being sold by criminals. The firm’s PR people claim it’s not, in fact, a breach—nothing to see here, move along.

When is a breach not a “breach”? When the data came from scraping the site, apparently—just like the previous huge breach in April. The Microsoft-owned PR team hopes we’ll ignore the fact that LinkedIn should have detected the scraping and shut it down.

Instead, countless users get to suffer yet more spam, phishing, ID theft, stalking, doxxing and other nasties. LinkedIn doesn’t care. In today’s SB Blogwatch, we’ve had it with this sociopathic company.

Your humble blogwatcher curated these bloggy bits for your entertainment. Not to mention: Precious.

MSFT PR FAIL

What’s the craic? Madeleine Hodson breathlessly claims an “Exclusive: 700 Million LinkedIn Records For Sale on Hacker Forum”:


Identity theft
Things are not looking good for LinkedIn. … Just two months after a jaw-dropping 500 million profiles … were put up for sale on a popular hacker forum, a new posting with 700 million LinkedIn records has appeared.

[We] have viewed the sample and can confirm that the damning records include information such as full names, gender, email addresses, phone numbers, and industry information. … It seems as though the records are, once again, a cumulation of data from previous leaks. However, this could still include information from both public and private profiles.

The leaked information poses a threat to affected LinkedIn users. … Individuals could become the target of spam campaigns, or worse still, victims of identity theft. … Using email addresses provided in the records, hackers may attempt to access users’ accounts using various combinations of common password characters.


And Paul Wagenseil adds detail—“Collected data makes it easier for spammers, phishers and stalkers”:

Your data is probably part
The data includes full names, workplace email addresses, dates of birth, workplace addresses, mobile phone numbers, Facebook and Twitter … links, job title, regional location and, in some cases, specific GPS coordinates. … Anyone who provided who provided all that information on their LinkedIn page is likely to get more spam [and] phishing.

Specific GPS coordinates … could be useful to stalkers and burglars. … It may be that those users … were not aware that the app could have grabbed their GPS data … and uploaded it to LinkedIn. … We found coordinates that zeroed in on specific addresses.

That’s pretty serious. It means you or I could drive to those houses, pound on the doors and ask for the residents by name. [If they] also happened to provide their date of birth along with the required full name, then an identity thief could … fraudulently open accounts in that person’s name.

LinkedIn’s own website declares that it has 756 million users. … If you have a LinkedIn account, then your data is probably part of this.


Wow, so almost 93%—doubleyou tee eff? LinkedIn’s anonymous PR gnomes twist their underpants—“An update on report of scraped data”:


LinkedIn terms of service
Our teams have investigated a set of alleged LinkedIn data that has been posted for sale. We want to be clear that this is not a data breach.

This data was scraped from LinkedIn and other various websites and includes the same data reported earlier this year in our April 2021 scraping update. … Misuse of our members’ data, such as scraping, violates LinkedIn terms of service.


Wait. Pause. What’s the difference? Ben Lovejoy fights back against spin:
 

Data breach
Pro tip: If someone is able to scrape hundreds of millions of records from your service without being detected, that is indeed a data breach.

It’s like a bank saying, “Actually, no-one broke into the bank and stole the money in your account. We just left it stacked up on the counter and someone picked it up and walked out with it.”


So who’s telling the truth?
Abishek_Muthian breaks it down:

Source of breach
If the attacker is telling the truth, then somehow the attacker has gained access to a privileged API of LinkedIn which gives out more fields than those listed in the official LinkedIn API doc.

If LinkedIn is telling the truth, then the source of breach is most likely one of the many data brokers who have been breached several times in the past.


Meh.
bradley13 has a more cynical view:
 

Pay LinkedIn
Providing users’ data is what LinkedIn does. All of the data in this “breach” is data that users provided, with the expectation that it would be handed out to anyone interested in it. They should all be happy – now lots more people have their data :-/

This is a Terms-and-Conditions breach: Someone who “forgot” to pay LinkedIn for the privilege of getting the data.


So what happens next?
Here’s rvz:

Using phone numbers for login
Now we will see an increase in SIM swapping attacks … and tons of fraud. … I hope they didn’t use their phone number to login to their bank, crypto exchange or other social media accounts. Using phone numbers for login should be completely discouraged.


Is using LinkedIn worth the risk? Tom doesn’t think so:

Not for me
I guess for most people who need to use LinkedIn for their career, giving up all the personal info to the company may be worth the risks. But not for me.


Meanwhile, with just the merest hint of sarcasm, SavageBeast reminds us Microsoft owns LinkedIn:
 

Kinda makes you want to transfer all your cloud ops to Azure doesn’t it?

Crowdfunding is on the Rise in 2021: Here’s What That Means for Entrepreneurs

(Source: startupnation.com)  

JUDD HOLLAS
JUNE 18, 2021

It’s fair to say that starting a business is bittersweet, especially in 2021. On one hand, it’s exciting to realize your entrepreneurial dream, but on the other hand, common challenges like raising business capital can discourage entrepreneurs from progressing a business venture. However, even during the pandemic, new business applications were at an all-time high. By the end of 2020, there were nearly 4.5 million applications, which was a 24% increase from 2019. This is certainly encouraging for entrepreneurs interested in starting a business in 2021, but for those who are still unsure about available capital, a new crowdfunding statistics report from EquityNet reveals valuations and funding goals are on the rise.


Read on to learn more about how business crowdfunding goals increased from 2007 to 2020 and how you can utilize these statistics to raise the desired capital for your business:


Average funding goal varied by industry

According to EquityNet’s proprietary data, in 2020, the average crowdfunding goal was more than $2.2 million, and the average funding goal increase from 2007 to 2020 was 36%. This double-digit percentage growth is a trend from which a wide range of industries have benefited.

The Energy & Utilities industry had the highest average funding goal at just over $3.8 million, and the Consumer Products & Services industry had the lowest at $1.28 million.

The data also revealed these two industries were at the top and bottom of the pre-money valuations table. Crowdfunding campaigns in the Energy & Utilities sector have the highest pre-money valuations — greater than $10.7 million on average — while the Consumer Products & Services campaigns have the lowest: $3.8 million.

Regardless of the size of the funding goal, it’s great to see both metrics exceeded expectations and benchmarks. In fact, the average business valuations exceeded the 22% funding goal benchmark with an increase of 31% across the board between 2007 and 2020.


Crowdfunding raises reached all U.S. regions

The data also examined the five U.S. regions, and when it comes to funding goals, the average goal in the West was $2.24 million compared to the Southwest region, where the average goal was $1.8 million.

When you look even further at the age of companies, the Midwest has the oldest companies with an average age of 6.86 compared to the Southeast, where the average company is fewer than six years. Traditionally, most lenders prefer to lend to those that have been in business for at least a year or two. This could explain why the data found the Midwest and Southwest received the most equity, with the Midwest and Southwest both receiving almost 31% equity.

Key takeaways on crowdfunding

Overall, this report not only proves that crowdfunding raises are on the rise but that the ecosystem and business funding environment has a positive future for current and future entrepreneurs. Whatever your business idea, wherever the location of your business or the age of your company, take advantage of valuable resources and opportunities that come your way.

Employees Say In-Person Training Better Than Virtual

(Source: smallbiztrends.com)  

By Gabrielle Pickard-Whitehead | Jun 10, 2021

Most employees (67%) believe in-person training is more successful than remote training. 62% say physical training is more enjoyable than virtual, and 56% of employees find in-person training more satisfactory than remote.

These statistics were unveiled by a study by Paychex, providers of HR solutions to fit the needs of any size of business.

Paychex surveyed almost 900 working Americans, including employees and managers, to gauge an understanding about remote onboarding and training. The research revealed some interesting insight into how employees are adapting to new working practices.


Employees Prefer In-Person Training

While the majority of employees favor face-to-face training over remote, when it comes to onboarding, remote operations have employee support. 52% of participants say they find remote onboarding successful, compared to 47% who find in-person onboarding more successful.

51% say remote onboarding is more enjoyable than face-to-face. However, when it comes to what they consider more satisfactory, 61% believe in-person onboarding is more satisfactory than virtual.

Paychez’s insights are important to small business owners as they reveal which methods of training and onboarding workers deem more effective and enjoyable.


Enabling Employers to Provide the Most Effective Methods of Training and Onboarding

By offering the best way to train and onboard employees, businesses can make a good first impression. This can heighten staff morale and loyalty, which can lead to improved retention rates and a more productive workforce.

By showing which type of training is most successful, the research can help employers craft a more successful training environment and avoid making mistakes that could prove costly.

As the authors of the report write: “Making a good first impression can be just as important as laying the groundwork for workplace success and establishing boundaries and expectations. The onboarding process gives employers an opportunity to do all these things, which is why it’s crucial to avoid key missteps, like failing to address employee needs and differences or expecting charts and graphs to carry the weight of communication. These mistakes can set employees and their teams up for failure, and the virtual onboarding can make getting things right even more difficult.”


In-House Training Leads the Way

87% of employees identified training for remote skill exercises as a success. However, in-person training is generally considered better, with 67% saying it’s more successful. 62% believe it’s more enjoyable and 56% think in-person training is more satisfactory than remote training.


Most Common Methods of Remote Training

The research analysed employees’ thoughts on the different types of remote training. Video recordings is the most common method, with 76% of employees using this technique. However, when it comes to which method of remote training employees believe to be the most successful, Wiki links ranked in pole position, with 81% considering this method most effective.

51% use group video calls for remote training and 57% of employees believe this method is the most effective. Shared documents is the third most common method of remote training. It is also deemed effective, with 60% believing shared documents is the most effective way to be trained remotely.

See Also: Small Business Owners Can Now Use Their Smartphones as Virtual ATM Cards
With working practices changing, and more and more businesses adopting more flexible, remote or hybrid methods of working, it’s more important than ever that employers get their training and onboarding strategies right.

Paychex’s research provides important insight into what employees consider their preferred way to be trained. Remote working might have many benefits, but when it comes to training, employees, it seems, prefer more old-fashioned in-house methods.

Employers should take note and provide the training deemed most effective to get their relationship with employees off to the best possible start.

7 Popular Cryptocurrencies With Significantly Lower Transaction Fees Than Dogecoin

(Source: fool.com)  

If efficiency matters, then these digital currencies are running circles around Dogecoin.

Sean Williams | Jun 12, 2021


Meme stocks aside, there's arguably been no investment hotter in 2021 than joke-based cryptocurrency Dogecoin (CRYPTO:DOGE). At one point in early May, it had delivered a trailing-six-month return of 27,000%. For context, that's higher than the benchmark S&P 500, including dividends, over the past 56 years.

While there are a number of reasons retail investors are sold on Dogecoin as the future currency of the world, one of the most-commonly cited catalysts are its lower transaction fees, relative to the Big Two in crypto, Bitcoin (CRYPTO:BTC) and Ethereum. After all, a new medium for transactions should be more efficient than the existing infrastructure it's trying to replace.

However, the reality is that Dogecoin's transaction fees are markedly higher ($0.74, as of June 8) than a number of other popular digital currencies. According to BitInfoCharts.com and various white-paper data, the following seven popular cryptocurrencies (listed in no particular order) all offer significantly cheaper transaction fees. And they happen to be more efficient at validating and settling transactions, too.


1. Stellar
Under-the-radar cryptocurrency Stellar (CRYPTO:XLM), which I've chosen as one of my digital currency survivors, can easily undercut and outperform Dogecoin. Payments made on Stellar's blockchain can be verified and settled in mere seconds -- Dogecoin takes closer to 20 minutes -- and the average transaction costs 0.00001 of a Lumen, Stellar's token. Based on the Lumen's price of $0.36 on June 9, the average fee is about $0.000004 per transaction.

What's more, Stellar's developers have claimed it can handle up to 3,000 transactions per second, which would give it a real chance to become a medium for payments in the future.


2. Ripple
Another payments-focused cryptocurrency with exceptionally low fees is Ripple (CRYPTO:XRP). The average transaction on Ripple's open-source, decentralized blockchain takes approximately 3 to 5 seconds to validate and settle, which would substantially expedite the up to one week it can take some cross-border payments to complete. Ripple can do all of this for a fee of approximately $0.00265, according to BitInfoCharts. 

It's also noteworthy that Ripple has partnered with a number of financial institutions to test its RippleNet cross-border payments network. These include Bank of America, American Express, and Royal Bank of Canada


3. Ethereum Classic
Even though it's known more for its smart contracts than its payment prowess, Ethereum Classic (CRYPTO:ETC) can also run circles around Dogecoin. Ethereum Classic is capable of handling in the neighborhood of 15 transactions per second, and according to BitInfoCharts has a transaction fee of less than a penny ($0.00749, as of June 8). It's completing most transactions in 5 to 7 1/2 minutes, which is considerably quicker than Dogecoin, as well. 

More than likely, Ethereum Classic's future will depend on its ability to upgrade its smart contracts -- i.e., the protocols that help to verify, facilitate, and enforce the negotiation of a contract. 


4. Monero
While it might not be the most obvious payment choice next to Ripple and Stellar, privacy coin Monero (CRYPTO:XMR) also offers substantially lower transaction fees, relative to Dogecoin. As of this past week, the average transaction on Monero's blockchain cost $0.059. That's 92% lower than Dogecoin's typical transaction fee.

What makes Monero so intriguing is its open-source protocol known as CryptoNote, which creates ring signatures that obfuscate the name of the sender of payments made in XMR (Monero's coin). Or, in English, it makes it impossible for an outside observer to know who sent a payment. Once a transmittance has been made, only the recipient will be able to see the stealth address, making the transaction anonymous and secure.


5. Nano
Nano (CRYPTO:NANO) is unique among the cryptocurrencies in this discussion because it has no transaction fees. That's right, folks: It doesn't get any cheaper than free! Transactions are also validated and completed in under a second, in most cases. This suggests over 1,000 transactions can be completed with Nano before a single Dogecoin transaction is confirmed by miners.

Rather than relying on a single blockchain where people are competing to add blocks, every user operates a blockchain that they can add to. This Block Lattice, as Nano refers to it, is transparent, immutable, and ensures that expansion can be limitless, without compromising network performance. 


6. Cardano
Ultra-popular cryptocurrency Cardano (CRYPTO:ADA) can also run circles around Dogecoin from an efficiency standpoint. It's verifying and settling transactions considerably faster, and its average transaction fee equates to roughly 0.16 to 0.17 ADA (Cardano's token), or about $0.27 at the midpoint.

Most eyes are on the rapid multi-point development of Cardano's blockchain. An upgrade last summer, known as Shelley, increased the number of nodes that network participants can run, which ultimately boosted average daily transactions well over tenfold. There's also the Goguen development, which incorporates smart contacts onto Cardano's blockchain. The launch of smart contracts in the coming months should really ramp up interest in Cardano. 


7. Litecoin
Even though Litecoin (CRYPTO:LTC) and Dogecoin share some history (Dogecoin is a fork of LuckyCoin, which was itself forked from Litecoin), Litecoin is the far superior of the two, in terms of efficiency. The typical Litecoin transaction settles in 2 1/2 minutes, which is one-quarter of the time for Bitcoin and one-eighth the time for Dogecoin, on average. Its transaction fee of $0.0075 is also microscopic next to Dogecoin's. 

Although acceptance for cryptocurrencies remains minimal worldwide, it's also worth pointing out that roughly twice as many businesses accept Litecoin compared to Dogecoin, according to online business directory Cryptwerk.

10 Tips on Running a Successful Crowdfunding Campaign for New Entrepreneurs

(Source: startupnation.com)  

BY YASMINE MUSTAFA | JUNE 11, 2021

Over the past decade, crowdfunding has revolutionized the way startups generate capital and secure investment. In fact, in 2019, the global crowdfunding market reached a massive $13.93 billion, with this figure estimated to triple to $39 billion by 2026.

It’s no surprise then that everyone wants to get in on the action, and today, there is a wealth of platforms and organizations where would-be-entrepreneurs can pitch their big ideas and market test them before they’ve barely lifted a finger.

However, having a great idea is only the start on the journey, and the quality of your campaign can mean the difference between smashing your targets or being completely ignored. In fact, your crowdfunding campaign is often the first time your customer base will encounter your product or service, so making a good impression is crucial. But what exactly makes a good crowdfunding campaign, and how do you present your big idea to a global market?


We at ROAR for Good ran a successful crowdfunding campaign that exceeded our expectations. Below are the top tips we learned along the way:

Target your message

A targeted message is what drives your campaign, engaging your audience and speaking directly to their needs and wants. If you try to appeal to everyone, you’re in for an uphill battle, so it’s best to identify who your product or service most commonly appeals to and begin there. This should set the basis of all your marketing decisions, from how you write your copy to the images you use and the advertising criteria you select.


Learn what makes a good campaign and a bad one

There are countless successful and failed campaign examples out there, and you can generally access the information you need directly from your chosen crowdfunding platform. Take time to explore the profiles and find common themes, including things you like and things you don’t. If possible, reach out to other entrepreneurs and discuss what went right and what went wrong during their campaigns.


Build a community before launching

One of most crucial things to focus on is building an email list of people interested in your product. They will be the first group you evangelize to get the message out, contribute to your campaign and post about your product once it’s shipped. Check out these tips for learning how to collect email addresses during a pre-launch campaign.

You can use channels such as questionnaires, survey, newsletters, social media, pre-launch pages and both online and real-world events to spread your message and get people on board. Competitions and giveaways can also be a great way to boost engagement.


Speak to experts

Usually, the people who run your chosen crowdfunding platform have seen it all, meaning they’re perfectly placed to help push your campaign in the right direction. Contact those in the know, and talk to them about message copy, video formatting, perk selection and email strategies as well as how to set realistic targets and campaign goals.


Know your launch target

Ideally speaking, you want to have a 30% commitment to your crowdfunding campaign before you even have your profile up and running. The best campaigns are fueled by momentum, and starting off with a 30% boost within the first 48 hours will instantly signal that your idea is a worthwhile one.

This is where your pre-existing community comes into play. Reach out, gauge who will make a commitment and at what level and then calculate how it compares to your campaign goal. When you’re at least 30% committed, you’re ready to go live. Be proactive about ensuring they pledge as quickly as possible by sending email reminders that it’s time to invest.


Use multimedia

Videos and animations are a staple of good crowdfunding campaigns, and they can provide huge amounts of information to your prospective investors in a short time. However, don’t be tempted to spend loads of time and money on your multimedia, as this can be self-defeating.

We found a simple, honest and short video was all we needed, allowing us to share our message and detail our products. Focus on making the first 20 seconds as eye-catching and engaging as possible. Additionally, try recruiting members of your community or influencers to speak on your behalf, as it can also help expand your community as they share it.


Establish clear roles among your team

Managing your crowdfunding campaign may be more work than you imagine — particularly if the campaign is performing well. There are countless questions and comments that will roll in daily, and you need to answer them promptly so you can keep potential investors interested. Assign ownership of who will manage press interviews, marketing, customer support and so on.


Throw a party

Most campaigns will experience a midway slump where momentum trails off and things go a little quiet. We used this time to throw a party for our local community and early backers, whipping up a little excitement with special offers and giveaways we encouraged them to share on social media — thus continuing to engage and expand our community. You can do this event hosting virtually, too.


Focus on press

While social media is invaluable, media coverage is the best way to break out of that internet bubble. Learn how to execute your own PR on a budget, develop a targeted media list, send a well-written press release and launch a strategic plan to get the word out to as many media outlets as possible. Depending on your product, a local focus may help with an initial bump.


Plan three to six months ahead

Running a successful crowdfunding campaign will take at least three to six months of planning, coordinating and execution. It will be a full-time job on top of your full-time job. The more work and time you invest in it, especially in building your community as well as the tips above, the more likely you are to succeed.

These 2 Biotech Stocks Are Up 1,000% This Year

(Source: fool.com)  

New approaches to treating Alzheimer's could mean even bigger gains in the future.


Jason Hawthorne
Jun 16, 2021

With all of the recent news around a new treatment for Alzheimer's disease (AD), the huge gains by smaller biotechs developing treatments can get lost. The excitement is understandable. There have been 130 failed attempts to bring an AD treatment to market since 1998.

Now that the Food and Drug Administration has approved Biogen's (NASDAQ:BIIB) Aduhelm despite its mixed results, it theoretically made it much easier for new treatments to get the green light.

That anticipation -- and positive early results -- are why shares of Annovis Bio (NYSEMKT:ANVS) and Cassava Sciences (NASDAQ:SAVA) are both up more than 1,000% so far this year. They each offer a new way for treating Alzheimer's that has shown promising results. Those novel approaches could be the path to profits for investors willing to buy shares while the future is still uncertain.


Annovis Bio

Unlike most AD drugs, Annovis Bio's ANVS401 isn't designed to get rid of amyloid in the brain. Rather than address the symptom apparent in the end-stage of Alzheimer's, the company is targeting the initial steps of the toxic cascade. Its scientists have focused on reducing a neurotoxin protein that leads to nerve cell death. These proteins are valuable when the brain is slightly damaged. However, they linger when damage is severe, impeding the highway cells use to transport substances.

Despite its phase 2 study only being set up to detect biomarkers (secondary indicators of possible improvement), preliminary data is showing gains in primary function. It's also working for Parkinson's disease (PD). The study consists of 14 AD patients and 14 PD patients. In the AD patients, ANVS401 led to 30% improvement in cognition in just 25 days. In PD patients, there were statistically significant gains in motor function, coordination, and speed. Inflammation was also lower.

Its scientists were not surprised. In four previous animal models studied for memory and learning, the drug led to a full recovery in mice with AD, stroke, Down syndrome, and traumatic brain injury. The phase 2 study continues as Annovis, and the investing community, eagerly await data from the remaining 40 participants in the study. That phase is projected to conclude in September. If previous data is any indication, the gains in the stock might have only just begun.

ANVS Chart



Cassava Sciences

Like Annovis Bio's treatment, Cassava's simufilam isn't designed to remove amyloid from the brain. Instead, the drug restores the normal shape of a scaffolding protein. That protein -- altered filamin A (FLNA) -- helps build the cells' flexible structure. It is the stuff responsible for physically holding up the brain. When it folds incorrectly, it creates inflammation like that observed in Alzheimer's.

In February, the company announced it had ended its phase 2 study and had agreement from the FDA on how to proceed with phase 3. That news sent the stock nearly 400% higher over the next few days. That's even after it gained more than 250% in September 2020, the month its initial results were released. Data from that study showed Alzheimer's patients who received the treatment for six months demonstrated both improved cognition and behavior scores. Cognition rose 10% and dementia-related behaviors fell 29%.

The company has also received several votes of confidence from the National Institutes of Health (NIH). Last spring, the agency awarded Cassava $2.5 million. This spring, it was awarded $2.7 million. Overall, Cassava has received about $12 million from the NIH. With the clinical progress clear and the funding in place, a phase 3 study is expected to kick off later this year.

CEO Remi Barbier captured both the historical futility of AD drugs and the new hope in a recent interview when he said: "They call it the graveyard of drug development, but cancer was like that for about 30 years. Until it wasn't." In that context, a successful trial could result in even more massive returns for shareholders despite the gains in the past year.

5 Fintech Stocks to Watch Beyond the Cryptocurrency Hype

(Source: zacks.com)  

Sreoshi Bera
June 16, 2021

Many believe that “blockchain is the biggest innovation on the internet, since the internet itself” and the recent roller-coaster ride in cryptocurrency has attracted several. However, fintech in itself is a broad category and cryptocurrency is just part of it. The pandemic pushed the cashless payments space to grow leaps and bounds last year, and its benefits have attracted many to hold on to it, even after the virus crisis ends. While cryptocurrency or bitcoins still face a lot of uncertainties, fintech has many other products and services under its umbrella that investors can rely on for better returns.

Tap-and-Pay is the New Normal

The fintech umbrella includes payment processing, online and mobile banking, online and peer-to-peer lending, person-to-person payments, financial software and services. But its tap-and-pay services have been one of the most attractive segments. In fact, in the early days of the pandemic, a payments journal survey showed that 51% of U.S. shoppers started using mobile wallets and other tap-to-go credit card facilities. And 58% of people who did not use contactless cards were more likely to do so as the pandemic woes heightened.Per a Precedence Research study published in a 
globenewswire.com article, the global contactless payment market size was valued at $1.05 trillion by transaction value in 2019 and is poised to see a CAGR of 20.01% to cross $4.60 trillion by 2027.

Fintech: More Than Just Payment Gateways

Apart from providing payment gateways or contactless payment services, fintech provides artificial intelligence (AI)-backed banking, lending and other financial services. Companies like Upstart offer online lending platforms that use AI to automate the lending process and provide enhanced security to prevent fraud. Additionally, technologies like robo-advisers that provide automated, algorithm or AI-driven financial planning services to offer advice and automatically invest client assets are constantly gaining importance. This is simplifying investing for new traders and offer easy account setup, robust goal planning, portfolio management, security, exclusive customer service, comprehensive education on portfolio, and most importantly lower fees than human advisors.Big banks like Goldman Sachs are transforming their investment bank and wealth management services using their Marcus savings and personal loan platform to connect with customers who can avoid the hustles and time constraints experienced in the brick-and-mortar branches. These tech-focused approaches help in maximizing efficiency and consumer value.


IPOs Boost Fintech Space

Along with other positives, initial public offerings (IPO) and funding continue to boost the fintech space. On Jun 8, payment processing company Marqeta, Inc. began trading on the Nasdaq under the ticker symbol MQ. The company’s IPO price stood at $27 a share and it closed 13% higher at $30.52, the very next day, putting its market cap to just more than $16 billion. Marqeta pioneers a payment technology that is designed to detect potential fraud and ensure that money is properly routed. In fact, the pandemic-driven adoption of fintech has boosted this company, helping it issue more than 320 million cards to its customer to date.Another company payments firm, Flywire Corporation, started trading on the Nasdaq under the ticker FLYW, and was priced at $24 per share in its IPO on May 23. The company has reported a 38% rise in revenues in the latest quarter, accredited by strong online purchases due to the COVID-19 pandemic and focuses on payments in the education, healthcare and travel sectors.


5 Stocks to Look At

The potential of fintech is quite attractive. It has been seen that despite the dramatic growth of cashless payments last year, there are still a huge amount of transactions made in cash globally. In fact, as people start adapting to online banking services, the fintech space will continue to boom. Hence, we have shortlisted five stocks to watch out for.

EVERTEC, Inc. (EVTC - Free Report) engages in transaction processing business, enabling point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.This company that belongs to the Zacks Financial Transaction Services industry has an expected earnings growth rate of 50% for the current quarter. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 5.5% upward over the past 60 days. EVERTEC currently holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Equifax Inc. (EFX - Free Report) provides information solutions and human resources business process outsourcing services, and engages in credit and financial information, and credit scoring and modeling. This company that belongs to the Zacks Financial Transaction Services industry has an expected earnings growth rate of 6.3% for the current quarter. The Zacks Consensus Estimate for this Zacks Rank #2 company’s current-year earnings has been revised 9.8% upward over the past 60 days.

PayPal Holdings, Inc. (PYPL - Free Report) operates as a technology platform and digital payments company. The company's expected earnings growth rate for the current year is 22.2% compared with the Zacks Internet - Software industry’s projected earnings growth of 2.5%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 3.5% upward over the past 60 days. PayPal currently carries a Zacks Rank #3 (Hold).

Fiserv, Inc. (FISV - Free Report) provides payment and financial services technology. This Zacks Rank #3 company's expected earnings growth rate for the current year is 23.1% compared with the Zacks Financial Transaction Services industry’s projected earnings growth of 21.1%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 0.4% upward over the past 60 days.

Square, Inc. (SQ - Free Report) creates tools that enable sellers to accept card payments; also provide reporting and analytics, and next-day settlement. The company's expected earnings growth rate for the current year is 78.6% compared with the Zacks Internet - Software industry’s projected earnings growth of 2.5%. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 31.6% upward over the past 60 days. Square currently carries a Zacks Rank #3.

Zacks' Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today. 

To Cancel or Not: The Problem With Cancel Culture Outside the Western World

(Source: business2community.com)  

Kavinda Welagedara | June 15, 2021

Cancel culture gained popularity in the US during the latter half of the Trump administration. At the point of writing this, many celebrities, brands, and ‘normal’ individuals have faced backlash over things they said and did (even from decades ago).

Americans are split between whether they need cancel culture or whether to cancel cancel culture. On one hand, it exposes racism, misogyny, and other forms of discrimination on the internet. It gives people a platform to rally against expression detrimental to communities of people.

On the other, it is weaponized to attack the credibility of people over things they did decades ago. It completely overlooks the fact that people and by extension ‘what’s ok to say in public’ has evolved a lot since the last decade.

Imposing purity tests and sanctioning actions that are outside the norm, ensured survival of communities from pre-historical times. This same concept is used to change what is acceptable and what is not, every time two cultures merge (e.g., Puritanism in early pilgrims to America, the Spanish Inquisition, Taliban in Afghanistan ). This behaviour is hardwired into our brains.

But there is something different about cancel culture that doesn’t sit right in our lizard brains. Is something fundamentally flawed with this mutation of the purity test? Or is it because most of us have not been scrutinized to this extent before social media?

‘A Hearing Before the Inquisition,’ engraving by Mexican artist Constantino Escalante. (Public domain)


Canceling in tight and loose cultures

Michele Gelfand, in her book ‘Rule Makers, Rule Breakers: Tight and Loose Cultures and Secret Signals that Direct Our Lives’, categorizes ‘loose’ cultures as those where rules are seen as general guidelines. In these cultures, freedom of expression is encouraged. ‘Tight’ cultures on the other hand, punish people who behave outside their rules.

When George Floyd was murdered by the police, people across the US got to the streets and protested police brutality against people of colour. In the Indian subcontinent, police brutality is a daily occurrence. But you would rarely see a mass protest. At times, police brutality would be celebrated by people.

This is because (a) an extremely slow judicial process that see most criminals walk away and (b) any interaction with law enforcement is seen as a result of operating outside convention (i.e., if you abide by social convention, there is no need for you to interact with law enforcement)

Cancel culture thrives in ‘loose’ cultures and has an impact on people and things outside the realm of social media. In ‘tight’ cultures, cancel culture and any derivative of cancel culture, create a social media buzz in highly urban communities and dies down, rarely resulting in social impact.

Gelfand observes how ‘loose’ cultures get ‘tighter’ if they face threats over a prolonged period. The political left has been under threat for some time around the world. Cancel culture is itself a result of the ‘tightening’ that happened around liberal communities.

In South Asia, the political left has been suppressed for a longer time than most western countries. However, there has not yet been a response that went beyond a social media hashtag. No response has lasted longer than one news cycle. This raises the question as to what contrarian communities within tight cultures can anticipate.

What we are observing in this part of the world is a polarization between the already ‘tight’ right-wing (large majority) and the left-winged minority that is ‘tightening’. Both factions are succumbing to groupthink (making suboptimal decisions due to their desire for uniformity over dissent, while ignoring important limitations of decisions taken) and polythink (plurality of opinion that leads to decision-paralysis).



Polythink, the alleged reason behind suboptimal political decisions like the US invasion of Iraq, US policy post 9/11 and more. Credit: The Polythink Syndrome and Elite Group Decision-Making Mintz & Wayne, 2016


Can the rest of the world be saved?

Cancel culture has permeated the trendy young adults in South Asia. Those who have easy access to US culture (i.e., fast internet connections, high disposable income, urban, English-speaking youth) have formed clusters of online vigilante groups on Twitter, to fight misogyny, racism and deforestation among other things. It’s not always called ‘cancel culture’ here, but the concept is the same.

Most countries in the region, including Sri Lanka (where I come from), were British colonies till halfway into the 20th century. The misogyny, racism and the general lack of concern for nature, espoused by the Victorian rule is very much alive here than anywhere else in the world.

In Sri Lanka, a woman is raped every 90 minutes. Homosexuality is still a criminal offense. Yes, some people are vocal about the problem on social media, every time a politician or a media channel says something that should not be said in 2021.

“Some 142 incidents of rape, 42 of serious sexual abuse and 54 of child abuse have been reported from various police divisions in the country during the first 15 days of 2020, Parliament was informed…” Daily Mirror 7th February 2020. Photo by M.T ElGassier on Unsplash

Unfortunately, the system resets every news cycle, and the hype dies a natural death. Identifying the problem is given so much hype that no one thinks to suggest a solution. Meanwhile, the gruesome stats (and facts) remain the same. As these social media ‘movements’ rarely convert into something bigger, no real world good come out of them.

I believe there are two reasons for this. One, the ‘tightness’ prevalent in Asian cultures. Two, the disparity of income levels, opportunities, and capabilities between the 2% who are vocal about the problem on social media, and the rest of the country.

So, to answer the question, while it may be fruitful in loose cultures. It hasn’t had any real-world impact in this part of the world.


The dangers

Within the communities that are aware of the problem, there are individuals and brands who bravely point out the flaws of society. Unfortunately, pointing out flaws is not enough if no solution is simultaneously outlined. These people and their following who are mislead into thinking that pointing out the problem is the solution, bash any opposing views.

Similarly people who crave social acceptance, a large following and the financials gains to be had, can get the publicity they want by either just pointing out the problem or by simply announcing that the problem doesn’t exist (any publicity is good publicity).

The problem is quite real for brands as well. Brands like Dove, mislead people into thinking they are solving an issue (women are made to feel embarrassed about how they look) by simply pointing out the fact that the problem exist. The negative side of this is that women inadvertently feel bad about feeling embarrassed. On the other hand, brands that get wrongfully cancelled, are forced into submission because of the fear of bad reputation effecting sales adversely.


Solution(s)

An activist of any sort will boycott/criticize a person or brand for a particular reason. Before you jump on the bandwagon, (i) learn enough about the problem so that you can form an opinion (ii) look whether the ‘activist’ has defined the problem and has given a solution. If no solution is given to an obvious problem, it could mean that either they are jumping on a trending issue to attract more eyeballs towards them OR maybe they try to instill fear to realize a hidden agenda.

Think before you share. Don’t agree with someone? Ignoring them can be the best way to discourage them from repeating the same thing. Sharing stupid opinions, even to discredit them can influence other desperate people to follow suit.

If you are a brand that is wrongfully cancelled, before you issue your apology, consider telling the truth. It can be counterintuitive. But it can send out the wrong message. Until the perpetrators move on to the next hot topic, fighting back or completely ignoring them are good options as well.

Going to stand for social justice? Make sure there are no contradictions behind the scenes at the same time you vet your communications. Make sure your word is backed up with action and that there is a real social impact.

And I conclude with my golden rule. Acts over ads.

The most recent dish... enjoy!

How the IRS is trying to nail crypto tax dodgers

(Source: cnbc.com )  PUBLISHED WED, JUL 14 2021, 12:08 PM EDT; UPDATED THU, JUL 15 2021 2:00 PM EDT MacKenzie Sigalos  @KENZIESIGALOS KEY PO...

Popular Dishes