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What Is Your Charitable Philosophy with Kris Putnam-Walkerly and Ed Fulbright on Mastering Your Money Radio

We’re all trying to slow the spread of SARS-CoV-2 and protect those at risk and philanthropists are in a unique position to help — but only if they have the ability to mobilize quickly, appropriately and effectively. If this global pandemic is teaching us anything, it’s that we can be responsive and flexible in the face of adversity—at a massive scale. Regardless of a philanthropist's focus, there are effective ways to soften the curve of crisis for grantees working to advance change. Now, the best known philanthropist are usually billionaires because their gifts have a lot of zeros. Robert F. Smith who paid off all the student loans of the graduating from Morehouse College, Warren Buffett who is giving away his fortune to the Gates Foundation and John Rockfeller whose foundation is about the well being of humanity in the world. The definition of philanthropist is to love humanity. Today, philanthropy means generosity in all forms. It is often defined as giving gifts of the 3 Ts (time, talent and treasure) to help make life better for other people. You do not have to be a millionaire or billionaire to be philanthropist. You can practice philanthropy by making a monetary gift, such as a donation to a cause you believe in.

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The Amazon Effect with Brian Dumaine and Ed Fulbright on Mastering Your Money Radio

Before the coronavirus epidemic, Amazon had been consuming some 2% of all U.S. household income, a percentage that has assuredly risen since the outbreak’s onset, particularly among the company’s more than 150+ million Amazon Prime members. While 51% of American households attend church, 62% have Prime memberships. In the best of times, the company’s presence in our daily lives is inescapable. As Amazon gains many invaluable lessons from the Covid-19 outbreak, the company will only become more ubiquitous in the decades ahead. Soberly aware of Amazon’s staying power, the CEO quipped to employees in 2018: “I predict one day, Amazon will fail. If you look at large companies, their lifespans tend to be thirty-plus years.” At the time he made that comment, Amazon was twenty-four-years-old. Bestselling Good to Great author Jim Collins says Amazon needs to build a new mechanism for growth. That mechanism—a virtuous cycle “flywheel” that used data to attract more buyers and sellers whose new data contributions could then be harnessed by the flywheel—was championed by Bezos and today has been made to accelerate even faster using Amazon’s massive AI engines. As the author argues, Amazon is a business where AI is increasingly making the decisions that humans used to make and keeps getting smarter on its own. Rivals have taken notice. This why some companies, such as Walmart and Alibaba, have chosen to steal from Amazon’s playbook while others have tried to identify the few things the Seattle juggernaut can’t do and excel at them. Bezos has built one of the most efficient wealth-creation machines in history, a juggernaut. This convenience, however, will come at a cost. It will lead to massive job disruptions and our lives being affected by technology in ever more invasive ways. Joining us for our discussion on The Amazon Effect is Brian Dumaine who is on the phone from his New York office. Brian Dumaine is an award-winning journalist and a contributing editor at Fortune magazine. His latest book is Bezonomics: How Amazon is Changing our Lives and What The World's Best Companies Are Learning From It. Welcome to Mastering Your Money, Brian Dumaine .

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A Great Jobs Surprise, But Stay Realistic By Fulbright Financial Consulting, PA

After suffering from the effects of the coronavirus pandemic for four months, the ailing U.S. economy was widely expected to suffer another loss of four and a quarter million jobs in May, but in a stunning surprise the economy instead created 2.5 million jobs! The news was a complete surprise and a major step toward a recovery, but the road back is still likely to take many months

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Despite Disastrous Jobs Report Stock Surged 1.6% Friday

Despite Disastrous Jobs Report, Stocks Surged 1.6% Friday Since the Coronavirus bear market low on March 23, 2020, stocks have soared 26.8%! That’s only 14.5% off the all-time closing high on the S&P 500 on February 19, 2020. On the same day the Labor Department announced job losses that are literally off the chart, that the nation lost a decade of jobs gains, the stock market shot up by 1.6%! Why? Stocks are looking past the pandemic, at a sharp recovery. Here’s a look at three forecasts for the economy, from independent institutions. The most optimistic is the consensus forecast of 60 economists in early April. They expect a v-shaped recovery back to the pre-pandemic level of economic activity by the end of 2021. The international Monetary Fund forecast is a bit less sanguine, projecting that U.S. gross domestic product will be 1.5% smaller at the end of 2021 than at its pre-pandemic peak. And finally the least optimistic of the three forecasts is from the Congressional Budget Office, which project the economy will be 3% smaller at the end of 2021 than it was in the quarter before the outbreak. While the three forecasts differ about the precise strength of the recovery, That’s why, despite disastrous economic news, stocks have soared. Please contact us with any questions or to set up a meeting fulbrightteam@moneyful.com , and don't hesitate to share this video with people who might benefit from our work

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The Beginning of The End by Fulbright Financial Consulting, PA Of Durham, NC

The Beginning Of The End? The Coronavirus financial crisis is being compared to the near-collapse of the global financial system in 2008 and The Great Depression from 1929 to 1939, but there is one big difference this time: The Fed. The Federal Reserve Bank is using innovative new tools to contain the financial damage of the Coronavirus epidemic. In the financial crisis of 2008, the chairman of the Fed at the time, Ben Bernanke, an academic who had spent decades studying previous financial crises, repeatedly deployed a technique called quantitative easing, expanding the Fed’s balance sheet to buy back U.S. Government bonds on the open market to lower long-term interest rates. The tactic had never before been used by a central bank in a major economy. It worked! and QE was one of the reasons the U.S. recovered smoothly from The Great Recession of 2008 and 2009. The Fed’s response to the Coronavirus crisis is literally 10 times more powerful. Under the $2.2 trillion Coronavirus Aid, Relief, and. Economic Security Act enacted March 27, 2020, the U.S. Government allocated $454 billion to Federal Reserve Bank Special Purpose Vehicles that the central bank can leverage 10 to 1, enabling it to lend up to $4.54 trillion to companies. That’s reportedly more than all U.S. commercial and industrial loans outstanding at the end of 2019 plus all the new corporate bonds issued during 2019 combined! Although this expansion of the Fed’s power has been criticized already as a step toward a centrally planned economy, the government action limits the risk of massive corporate bond defaults. The U.S. led the worldwide economic recovery back from the global financial crisis of 2008, in part because of the Fed’s innovative approach, and Yankee ingenuity, in the form of the Fed’s new tools, is at play once again in fighting the Coronavirus financial crisis. Please contact us with any questions or to set up a meeting fulbrightteam@moneyful.com , and don't hesitate to share this video with people who might benefit from our work

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