Afghans use Citizen-style public security app to dodge violence in Kabul

As the Taliban enforces their draconian rule in Kabul, city residents are turning to a crowdsourced public safety app to evade violence, checkpoints and other threats.

The app called “That’s right“Gives iPhone and Android users real-time updates on emergencies in the 4.4 million city that fell to the Taliban last week. It bears a strong resemblance to Citizen, the controversial public safety app popular in US cities like New York and Los Angeles, which also sends security alerts to nearby users.

Ehtesab – which means “accountability” in Dari and Pashto – was first introduced in March 2020, but has grown in importance during the Taliban’s resurgence. The app’s fact checkers scour social media and user-submitted reports to review emergencies and then send notifications to users who are nearby, 26-year-old founder and CEO Sara Wahedi told The Post.

Wahedi said usage increased in recent weeks when the Taliban captured Kabul. Ehtesab’s 20 employees, many of whom are women, have made every effort to keep the app running while working from home to avoid possible Taliban crackdown.

“We are focusing on the immediate capacity we have, which is to continue our work in crisis mode,” said Wahedi. “I just hope the app won’t shut down.”

Ehtesab’s founder and CEO Sara Wahedi fled Afghanistan earlier this summer.

On Monday, Ehtesab issued warnings on a Fatal shots at the gate of Kabul airport and traffic jams.

In order not to attract the Taliban’s attention, Ehtesab refrains from referring directly to the Taliban in his security warnings. Instead of explicitly writing that militants are threatening people at a roadblock, the app can instead warn drivers that there is a checkpoint in a certain area that will lead to a traffic jam, which can be presented as a non-political traffic report.

As a businesswoman who worked for the former US-backed Afghan government for two years, Wahedi himself would be a potential target for Taliban retaliation. She left Afghanistan for Canada earlier this summer when the Taliban rose and moved to New York City over the weekend to do a bachelor’s degree from Columbia University.

Like the US Citizen app, Ehtesab provides emergency alerts across

“I didn’t want to be stuck in Afghanistan,” said Wahedi. “I feel guilty that my friends and family are still there.”

Wahedi said she does not know if she will ever be allowed to return and is doing her best to help the rest of the Ehtesab staff leave the country. All pictures of female employees have been removed from the app’s website and social media channels to avoid reprisals by the Taliban.

The founder said the Citizen public safety app was a “great inspiration” for her and said she hopes to work with someone in the New York-based public safety app to make Ehtesab better.

Ehtesab is available for iOS and

But while Citizen collects most of its emergency reports by hiring employees to eavesdrop on 911 scanners for specific districts or neighborhoods, Kabul lacks a similarly centralized system. Instead, Ehtesab hires employees to search social media for reports of particular emergencies in Kabul. One worker reports explosions, another reports power outages and a third reports the situation at the airport, Wahedi said.

Ehtesab and Citizen also differ in terms of visual language and sound.

“Citizen is black and dark and red and yellow and emergency colors. When you look at that, you have that kind of fear, ”said Wahedi. “I didn’t mean to fetishize security.”

In contrast, Ehtesab uses more cheerful colors like white and blue, which Wahedi says are supposed to be more calming and calming.

Citizen did not immediately respond to a request for comment.

According to Wahedi, Ehtesab has grown solely through word of mouth in recent weeks. In the future, she wants to find out how to expand the service to more Kabul residents without attracting the Taliban’s attention.

“There may be a point where Ehtesab is an app that everyone downloads, but what if the Taliban check and search people’s phones to see if they have downloaded the app?” She said. “It will take some time to figure out how we can do this without endangering the lives of our users.”

An employee from Ehtesab only takes care of the situation at Kabul

The Mys Tyler App Helps You Get Outfit and Type Inspo From Ladies With a Related Construct, Then Store Their Appears to be like

Have you ever bought an item of clothing based on a photo of a model only to find that it just doesn’t fit you? It’s hard to guess whether something looks good on you or not based on how it looks on another body, especially if it’s shaped differently than yours. Mys Tyler – a new online shopping and body positivity app – wants to change that.

“Until now, women had to imagine what clothes would look like themselves only to try them on with a shockingly low success rate,” says founder and CEO Sarah Neill in a statement.

She was living in New York when she came up with the idea for Mys Tyler in 2014. Last year she quit her job and returned to Sydney to finally launch the app with the aim of helping women make informed shopping decisions and create an inclusive fashion community. The app has already been downloaded over 83,000 times in 100 countries.

It works by connecting users with women of similar size, fit, proportions, and overall appearance so that they can be inspired by the style and purchase the same flattering items for themselves.

A body quiz asks for personal details like height, age, typical dress and bra size, and even skin tone, and a fit algorithm uses the data to compare you to others who share your characteristics and physique.

You can then “follow” women whose style you like and enjoy a personalized feed of outfit suggestions from women who look like you. Use it for simple inspiration – “maybe I should try flowing dresses too” – or to buy the exact same piece thanks to a direct buy feature that connects you directly to stores and retailers.

You can also sign up as a contributor, post outfits with captions, part information and styling tips, and links to individual items that are still available online – and you can even earn commissions on your suggestions.

“There are millions of women around the world who look like you, love to shop, and know what clothes are best for your body,” says Neill. “We’ll help you find it.”

Research shows that 91 percent of women order the clothes online, are dissatisfied with the fit of their purchases and round Third of online purchases be returned (poor fit is the main culprit).

While Mys Tyler’s main concerns are body positivity, self-confidence, and inclusivity, it also helps the environment by minimizing the waste and carbon footprint that comes with all of these returns.

Mys Tyler is available on the Appstore and Google play.

In Peloton competitors with gyms, health app Strava might win

More than 400 hardware devices can connect to Strava, including fitness and fitness equipment, smartwatches and bike computers, and the company claims it uploaded more than 1.1 billion activities to its platform in the past year.


When this year’s Tour de France left the city of Brest on June 26th, most of the 184 professional cyclists were registered with Strava.

So do millions of recreational athletes all over the world, from runners in Rio to swimmers in Switzerland to mountaineers in Montana. Legions of Strava users were also inside Peloton Ergometers and treadmills, Zwift “smart” trainers and NordicTrack rowing machines.

The Strava mobile fitness app tracks more than 30 different activities in real time and loads speed, distance, cadence and other performance data onto a platform on which 86 million users analyze their own workouts, share and compare them with other users and send them to friendly people Challenges can take part with friends and strangers. Its popularity soared amid the pandemic when gyms closed and home and outdoor workouts boomed.

“We have seen tremendous growth in our community,” said Michael Horvath, Strava chief executive officer. “There were months in 2020 when we had three million new registrants and we are now at around two million per month, double what it was before Covid. This means that Strava motivates people, helps them get through this time and gives them the opportunity to get in touch with other people. “

From the Harvard Row team to a $ 1.5 billion startup valuation

Strava, a privately held company, was founded in 2009 in San Francisco by Horvath and Mark Gainey, former Harvard rowing teammates who now serve as CEO and Executive Chairman respectively. The company has approximately 270 employees and additional offices in Denver, Bristol, England, and Dublin, Ireland – the overseas locations as more than 80% of Strava users are outside of the United States

More than 95% of these 86 million users access Strava for free; the rest pays a monthly subscription fee of $ 5 for additional features. While Strava is not reporting any revenue, analytics firm Sensor Tower estimates it generated $ 72 million last year, up from $ 60 million in 2019, ostensibly from data sales, partner rights, challenges, and subscriptions sponsor.

Strava raised $ 110 million in a Series F round last fall, led by TCV and Sequoia, on new funding valued at more than $ 1.5 billion. The founders said it wasn’t a profitable company yet.

Connection with all types of workouts

More than 400 hardware devices can be connected to Strava, including home fitness and fitness equipment, smartwatches and bike computers. The company said it uploaded more than 1.1 billion activities to its platform in the past year, up 33% from 2019. This is in line with the surge in fitness hardware sales from companies like Peloton.

“Covid has shown the importance of physical activity to people’s lives,” said Tom Cove, president and CEO of the Sports and Fitness Industry Association in Washington, DC, which represents manufacturers and retailers.

At the last count, Horvath said “nearly 50 million peloton activities have been uploaded to Strava,” acknowledging the synergy of his partnerships with equipment manufacturers. “As the hub of the networked fitness landscape, we offer athletes a place where they can keep in touch with their community after training.”

The continued success of fitness products seems a good harbinger for Strava.

Health and fitness equipment sales more than doubled to $ 2.3 billion from March to October last year, according to retail research firm NPD Group. Stationary bike sales almost tripled, while treadmill sales increased 135%. “For the first three months of this year, retail sales were up 30% over the same period last year,” said Matt Powell, vice president and senior industry advisor, NPD. However, sales in March remained unchanged compared to the same month last year, which he proxy for the rest of the year 2021.

Peloton in particular has grown accordingly. Revenue for fiscal 2020, which ended June 30, rose nearly 100% year-over-year to $ 1.8 billion, and revenue from management projects is set to grow up to $ 4 billion in fiscal 2021 – itself under consideration of Peloton expects a $ 165 million loss for its treadmill recall. As of March 31, the New York-based company reported more than 54 million members, each with a monthly subscription fee of either $ 12.99 for digital access to live and on-demand courses or $ 39 for an expanded suite of features will pay between $ 1,895 and $ 2,345 for a Peloton bike or up to $ 4,295 for their treadmill, which is currently not available in the US as a company is working on a solution to the security problems.

Softening of the peloton demand

That demand could fade as personal workouts and gyms reopen. Wedbush Securities downgraded Peloton last week, claiming the company had seen a decline in customer loyalty based on analysis of trends in social media and internet search.

“PTON is now entering the next stage in its growth story, which in a post-pandemic era requires the company to generate its own momentum through clever marketing and compelling new products,” the Wedbush analysts write in their note.

Peloton declined to comment on this article.

The connectivity to Strava has helped Zwift, an online game-like cycling platform that allows subscribers who pay $ 14.99 a month to create animated avatars of themselves that ride from inside the virtual world. Typically, a real cyclist attaches the back end of his racing bike to a digitally controlled smart trainer that is connected to an app that simulates his avatar driving an actual route – from a local favorite to a mountain stage in the tour – seen on one Monitor, tablet or smartphone. The trainer automatically increases and decreases resistance to mimic the altitude of the route. About 75% of the Zwifters upload their driving data to Strava and integrate them into the functions.

My theory is that if you are spending a few thousand dollars buying a piece of equipment for your home, it is very unlikely that you will pay $ 50 a month to go to the gym and exercise on the same piece of equipment.

Matt Powell, Vice President and Senior Industry Advisor for NPD

Since Zwift was founded in Long Beach, California in 2014, 3.5 million accounts have been created. The company didn’t release the current number, but said the number doubled in FY2021, which ended in March. Strava said it uploaded 100 million Zwift activities to its platform, including thousands of grueling “Everstings,” a single virtual ride that climbed at least 29,029 feet in total, the height of the mountain. Everest. During the worldwide Covid bans last year, Zwift held a virtual Tour de France with classifications for men and women.

“Zwift is a platform for people to hunt down any carrot they’re looking for,” said Co-Founder and CEO Eric Min. “Our goal is to motivate people to do more.”

While subscriptions “really are where the value lies to us as a company,” Min said, the company is developing its own smart trainers and indoor bikes that are likely to hit the market next year. Zwift won’t be ruling out its existing hardware partners including Wahoo, Elite and Tacx, “but we think we should be the ones who set the bar,” said Min.

Future of Home Fitness When Gyms Reopen

As Covid restrictions continue to relax, people are returning to the gym. In May, gym traffic across the country was back to 83% of January 2020 levels and only 6% lower than the same period in 2019. according to the research results by Jeffries.

But does that mean Zwifters, peloton enthusiasts, and other exercise bikes are losing their mojo and using their equipment as coat hangers? “My theory is that if you are spending a few thousand dollars buying a piece of equipment for your home, it’s very unlikely that you would pay $ 50 a month to go to the gym and work out on the same piece of equipment,” said Powell.

The challenge for the home fitness industry then is to retain its millions of new customers. The key, Powell said, is keeping users connected to the other exerciser’s communities and “improving the experience so people will want to keep using it”.

This is music to Strava’s ears because no matter where people train, the data can be uploaded to their platform.

Despite Strava’s success, the fitness tracking app marketplace remains highly competitive. MyFitnessPal, which was sold by Under armor to the private equity firm Francisco Partners for $ 345 million in October 2020, which had more than 200 million users at the time of the transaction. Under Armor also owns MapMyRun and MapMyRide, which record running and cycling, respectively, while shoe brand Asics owns RunKeeper. Apple and Google have their own health tracking apps that include some physical fitness activities like walking and cycling that are more geared towards casual athletes.

“It’s pretty simple,” said Horvath of Strava’s loyalty strategy. “We are 100% focused on making Strava essential for athletes everywhere. If we do this well, it will fuel our community growth. “

“We believe there are 700 million people in the world who want to wake up and be active every day. We haven’t met them all yet, but we’re trying, ”he said.

MGA Leisure To Convey L.O.L. Shock! Model To Digital Collectable App VeVe

The partnership will experience the exciting world of LOL Surprise! Enter the world of digital collectibles and give fans the opportunity to collect their favorite LOL dolls and characters as exquisite 3D models that can be animated and interactive. This will be the first product produced on the VeVe platform for a younger audience.

Currently the only app of its kind, VeVes unique Mixed Reality adds a digital layer to the world around us, allowing fans to interact with their collection and bring their favorite toys and other collectibles to life. Fans can also share their own curated collections of photos, videos and virtual showrooms with their friends and the fan community through the app’s features.

“This is a very exciting step to partner with the world’s largest toy brand and we look forward to bringing fans a new and exciting way to play and get involved,” said David Yu, Co-Founder and CEO, VeVe. “With hundreds of thousands of satisfied adult fans, we look forward to creating offers for younger fans.

VeVe NFT’s digital collectibles are minted on the blockchain, which allows for immutable authentication record and allows fans to collect their digital products in a fun and engaging way. Since last December, the VeVe app has been downloaded more than 350,000 times and over 580,000 digital NFT collectibles have been sold to enthusiastic fans and is one of the top apps in the entertainment category in the Google App Store.

Earlier this year, VeVe announced its plans to be the first carbon neutral NFT platform and is committed to 100% carbon neutral NFTs by offering grants to nonprofit environmental organizations to raise funds for a good cause. The VeVe app also uses distributed ledger technologies which are known to be more energy efficient than the competitors in the market.

“We are very excited to be working with a company that, like MGA, creates unique opportunities to experience the world of fandom. The combination of technology with toys has been successful for us in the past and we look forward to even more success with VeVe. ”Says Isaac Larian, CEO & Founder of MGA Entertainment.

More details on LOL and other MGA collectible series, including the drop date, will be announced in the coming weeks.

To learn more about the VeVe app, please visit the official website Here.

About LOL / MGA entertainment:

Headquarters in Chatsworth, California, MGA Entertainment, the fastest growing entertainment products company for the past five years, makes innovative proprietary and licensed products including toys and games, dolls, consumer electronics, home décor, stationery, and sporting goods. The MGA family includes award-winning brands such as LOL Surprise ™, Little Tikes®, Bratz®, Rainbow High ™, Na! N / A! N / A! Surprise ™ and Zapf Creation®. Visit us in

About VeVe:

VeVe is a direct-to-consumer company based on the pop culture nexus, combining toys, games and collectibles to provide a unique way to experience the many worlds of fandom. Through technological innovations, VeVe makes new forms of content accessible to consumers. We see digital collectibles as a new class of collectibles that offer fans a new collecting experience and intellectual property owners the opportunity to explore new opportunities in the digital landscape.

The VeVe Digital Collectible app is available for both iOS and Android and will soon be available for desktop.

Find out more:

The VeVe Digital Collectible App is available for both iOS and Android.

Learn more: | Twitter | discord | Facebook | Instagram

VeVe press contact:
Rogers and Cowan PMK
[email protected]


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New app creates professional-style child pictures from the consolation of mother or father’s houses

News 12 employees

July 8th, 2021, 02:33 am

Updated on: July 8th, 2021, 2:33 am

There is a long tradition of parents taking their babies for professional photos – and an equally long tradition of these children not cooperating.

Westchester photographer Mary Jane Farnsworth and her business partner Yvonne Tully have found a way to take professional photos of your baby with a new app.

The couple say they made it Baby box studio after a less successful session with an exhausted mother and her newborn baby.

“I kept thinking, ‘Why can’t I take all these little tools that I have in my everyday parenting kit so they can bring it out when the baby is at its best,'” says Farnsworth.

And she did.

Proud parents just have to take a few pictures of their little angel with their smartphone at will and simply run the pictures through the app to choose a professional looking background.

“You don’t need to have great photographic skills to use this. This is for beginners who know how to use a smartphone, ”says Tully.

Hen Soup for the Soul Leisure’s Free Crackle App

A new ad-supported experience and access to thousands of Crackle movies and TV series, including Crackle originals and exclusives

COS COB, Connecticut, June 25, 2021 (GLOBE NEWSWIRE) – Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, announced Today announced the agreement to launch an Android-based application from the Crackle brand on the TCL service.

TCL audiences get access to the vast Crackle Plus library of studio movie titles and classic TV series, as well as an ever-growing list of original and exclusive programs that uplift, entertain and inspire audiences like PROMISELAND, Playing With Power: The Nintendo Story , Bucket List, Sew the Winter to My Skin, Insomnia, Lennox Lewis: The Untold Story, Robert the Bruce, Spides, Anything is Possible: The Serge Ibaka Story, Road to Race Day, The Clearing and Going From Broke, now in his Second season.

“Crackle’s extensive library of award-winning films and TV shows will enable TCL customers to have even more choices across a wide variety of topics and content genres,” said Philippe Guelton, President of Crackle Plus. “With this new touchpoint for Crackle, we are giving our advertisers who use Crackle Plus additional reach and frequency in order to build a growing audience.”

Crackle Plus Linear and VOD networks are available in the US and can be accessed on 31 devices and services including Amazon FireTV, RokuTV, Apple TV, Smart TVs (Samsung, LG, Vizio), game consoles (PS4 and XBoxOne), Plex , iOS and Android mobile devices and on desktops under Crackle is also available in around 500,000 hotel rooms in the Marriott Bonvoy chain.

In addition to Crackle, the Crackle Plus network consists of Popcornflix, Popcornflix Kids, Truli, Popcornflix Comedy, Frightpix and Espanolflix as well as the subscription video-on-demand platform (SVOD) Pivotshare.

Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand (VOD) networks. The company owns Crackle Plus, which owns and operates a variety of ad-supported and subscription-based VOD networks, including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and Frightpix. The company also purchases and distributes video content through its subsidiary Screen Media and produces long and short original content through Landmark Studio Group, Chicken Soup for the Soul Unscripted, and Halcyon Television. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super premium pet foods under the brand name Chicken Soup for the Soul.

Crackle Plus owns and operates the ad-supported VOD networks Crackle, Popcornflix and Chicken Soup for the Soul, making it one of the largest AVOD streaming platforms in the United States. Crackle Plus owns AVOD rights to over 11,000 films and 22,000 episodes of television series. Crackle Plus networks present at least one original and one exclusive program each month that sets it apart from other AVODs. Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) owns Crackle Plus and also acquires and distributes video content through its Screen Media subsidiary and produces original long and short form content through Halcyon Television, Landmark Studio Group, its Chicken Soup for the Soul Unscripted division and APlus Productions. Chicken Soup for the Soul Entertainment, Inc. is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous series of books and produces super premium pet foods under the brand name Chicken Soup for the Soul.

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are statements that are not historical facts. These statements are based on various assumptions, whether or not mentioned in this press release, and management’s current expectations and are not predictions of actual performance. Forward-looking statements are subject to known and unknown risks and uncertainties, including, but not limited to, the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied in these forward-looking statements. These forward-looking statements speak for date only, and the company expressly disclaims any obligation or obligation to publicly release any updates or revisions to any forward-looking statements contained herein to reflect changes in company expectations with respect thereto or changes in events, conditions or circumstances on which a statement is based.

Taylor Krafchik
(646) 776-0886

Kate hair clip
RooneyPartners LLC
(212) 223-0561

Chris Woolsey
Crackle Plus
(310) 422-9975

Mid-South lady warns about cash switch app thefts

An East Memphis woman says she changed her bank card for some time, but the theft is still happening.

MEMPHIS, Tennessee –
A warning from a Middle South woman: watch your bank account carefully when using money transfer apps on your phone.

The woman said she has battled cash app theft for the past four months and is not alone. Thieves find all kinds of ways to steal your money.

So what can you do to protect yourself?

“Somehow they hacked into it and got into my bank account,” said Dorie Peeples.

Peeples is more than frustrated. Peeples said she has an ongoing problem with a thief who somehow withdraws cash apps, often small amounts several times a day.

She said she didn’t realize it until the money was withdrawn from her bank account.

While Peeples said she couldn’t find out who passed her, another Memphis man said he knew who took his money.

Tiffany Chism stood before the Shelby County Court this week on charges of stealing money from a man using a cash app. Police said she was working as a security guard and the man gave her his phone to help him fill out an online application.

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CONNECTED: Security guard accused of using the cash app to transfer money from a job seeker to himself

“Your mobile device has become one of the most important devices on the market. My whole life is in my mobile device. I would never give my mobile device to a party I didn’t know,” said Hank Word, chief technology officer at Bank and Developing Trust .

Just like there are a variety of different mobile money sharing apps out there, Word says there are different ways that scammers can access your information.

But there are things you can do to protect yourself.

“Everyone should investigate what security options there are and enable them all. It’s the best way to make sure that only you have access to your account, ”said Word.

While money-sharing apps can be convenient, Word warns that many don’t have the same level of protection as a transaction through a bank.

Most peer-to-peer payment companies have ways for consumers to file complaints, but that doesn’t mean you will get your money back.

“Because the accounts are not like a traditional bank account, they don’t get the same level of protection and support that the banking regulatory system offers,” said Word.

Word added that to be sure – always transfer your money out and don’t leave it in your app account.

“If you have money in some kind of wallet in an app and this money is not FDIC-insured – and then one day the app provider goes away for the weekend because they have a problem – then your money can be lost at that point in time because it’s not insured in a bank account, “said Word.

Peeples had to close her bank account and start over. She hopes she won’t be a victim again.

“All of my information is locked. I have tiered verifications for every single app. I literally had to change my passwords for everything.”

Children and Cash: Constancy youth funding app targets Gen-Z and past [Column] | Cash

When you ask teenagers to name their favorite shoe and apparel company, fast food restaurant, or cell phone retailer, brands like Nike, Chipotle, and T-Mobile are high on many lists.

But what is the favorite investment brand among teenagers? Loyalty wants to be the one.

This is a motive for the introduction of the new product “Youth Account” from Fidelity Investment. Jill Schlesinger previously mentioned the Fidelity Youth Account in her 31st column. Here’s a deeper look into the new product.

The Fidelity Youth Account is designed for teenagers between the ages of 13 and 17 and includes a mobile app with optimized money management functions and content for teenagers to save and invest in.

Fidelity has long promoted a wide variety of educational information for young investors on its website. And the investment giant has marketed its Roth IRAs and other investment products to a younger clientele. But the new youth account, launched after a test with families last month, is much more ambitious.

The Fidelity app can be used to trade stocks, exchange traded funds or mutual funds. The account comes with a debit card and can be linked to Venmo and PayPal apps for peer-to-peer payments.

To sign up, a teen only needs one parent with a Fidelity account who will keep an eye on their young investor (s) and be notified when a trade is placed or the debit card is swiped. But unlike other products on the market, parents cannot block transactions.

Teenagers have their own logins and passwords that parents cannot access. Likewise, teenagers cannot access their parents’ Fidelity account.

There are no trading commissions, no subscription fees, no account fees, no minimum investment requirements, and no domestic ATM fees.

The accounts enable fractional trading and give youngsters the opportunity to like less than a full share of stocks in popular companies. to buy and Microsoft, which are currently selling for hundreds or thousands of dollars.

How many children want to invest in the stock market? The stock market used to be a foreign land to high school children. But not anymore.

These standards make it imperative that parents and their young investors keep lines of communication open and talk about stock picking and other investment strategies.

Young investors flocked to the market during the pandemic, especially as Robinhood and other trading apps became the platforms of choice for buyers rocketing stocks of GameStop, AMC Entertainment, and other companies.

Fidelity has 26 million retail brokerage accounts, including many with teenagers. Investors opened 4.1 million new brokerage accounts in Fidelity in the last quarter, and 40% of those were opened by those under the age of 35.

Fidelity is promoting the Youth Account to teach teenagers about money management, setting investment goals for long term and other major financial education concepts. During the testing period, Fidelity said 90% of parents said they sat down with their teen and used the account as a classroom moment.

I am for anything that teaches teenagers how to use money responsibly, especially so many who don’t know much about the ways of Wall Street.

But make sure you’re comfortable with this wrinkle: when teenage investors turn 18, their teenage account will automatically switch to a Fidelity Standard Brokerage Account. So this product is more than just Investments 101, it is a bold move by Fidelity to build long-term customer relationships.

Journey app provides skittish vacationers 60-day freeze on resort charges

Two views of the new Price Freeze function of the Hopper app, showing (left) a step in the search process and (right) a list of the active freeze.


After a year of lockdown and restricted travel, Americans want flexibility and freedom in planning their trips.

You got used to it during the Coronavirus pandemic, when travel companies struggled last spring and summer to adapt to both market and medical realities by introducing not only new health and safety protocols but also looser rebooking and cancellation policies.

Much of the changes are here to stay.

“Airlines and hotels still offer flexible booking options,” said travel advisor Mike Rubinstein, owner and director of UprouteMe in Los Angeles. “And even though airfares aren’t as incredibly cheap as they were a few months ago, there are still some great airfare deals – and fantastic hotel rates, too.”

To capitalize on this zeitgeist and help travelers secure some of these great hotel rates, the travel app Hopper launched its new “Hotel Price Freeze” feature on Wednesday. This feature allows users to secure the best rate at a specific hotel for up to 60 days.

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If the nightly rate increases during the freeze window, Hopper will cover up to $ 100 of the total cost of living to keep the rate lower. When prices go down, users pay the new lower tariff.

“Hotels don’t actually take the risk, Hopper takes it,” says Anwesha Bhattacharjee, Head of Hotel Fintech at Hopper. “When you get on Hopper, we guarantee you the price.”

Users make a deposit that is determined by an algorithm that takes into account the length of travel and the likelihood of price changes in a given market, Bhattacharjee said.

When you are ready to book your room at the frozen price, your deposit will be added to the booking price. (Despite the price freeze, an actual room is only then reserved.) If you change hotel, the block and the deposit can be transferred to a new booking.

Hopper estimates that Price Freeze users save an average of $ 17 per night and $ 43 per stay for an average stay of two to three nights. “But we’ve seen customers save $ 100 or in the high 80s,” she noted.

According to Hopper, based in Boston and Montreal, which has seen hotel searches increase by 130% since early 2021 and up 7% weekly, it looks like accommodation prices will only keep rising.

Thanks to the surge in demand for seasonal and domestic travel, room rates are expected to rise 17% to $ 165 nationwide by early July, Hopper said. “Users will always end up saving money by using Price Freeze,” said Bhattacharjee.

Price locks for online airfares have been in place for a number of years.

“When we entered the pandemic, we found that many of our customers were very afraid of not being able to commit to travel because they didn’t know which locations were going to close or open, or what the quarantine rules would be,” noted Bhattacharjee.

“A 14 or 21 day freeze wasn’t what they were looking for, so we offered a longer price freeze duration for just that,” she added. “We knew that our customers had the feeling that they wanted to travel, but couldn’t make up their minds yet and still needed some time.”

Price Freeze is especially helpful for large groups and families planning to travel together when multiple OKs are required on prices before committing to a hotel stay, Bhattacharjee said.

“That need is not going to go away,” pandemic or no pandemic, she stated. “Many of our customers also like the option to defer payment,” a side benefit of the Price Freeze functionality.

Hopper says it is the largest North American travel app with more than 15 million downloads and $ 1.2 billion in sales of travel and travel products from 2 million hotels, 300 airlines, and a selection of rental car partners.

Hopper is next developing features that will allow users to choose the bed configurations (e.g. double bed, queen, king) they want while freezing the rate, Bhattacharjee said. Price Freeze for Hotels is available for both the iOS and Android versions of Hopper and wherever the app runs.

Each day Horoscope AstrologyZone® by Susan Miller Honored with Finest Leisure App Award from the 13th Annual Media Excellence Awards


Die Biden-Steuerregel würde beim Tod Milliarden von großen Vermögen abreißen

(Bloomberg) – Jeff Bezos hat eine Ex-Frau, eine Freundin, vier Kinder und Milliarden von Gründen, um zu prüfen, ob die Steuerrevision von Joe Biden die Zustimmung des Kongresses erhält. Die Erben des Gründers von Inc. müssen möglicherweise mehr als 36 Milliarden US-Dollar zahlen, wenn Dem Präsidenten gelingt es, eine Lücke zu schließen, die den Reichen hilft, einen Großteil ihres Vermögens beim Tod steuerfrei zu übertragen. Wer nach den geltenden Regeln die 1994 für 10.000 US-Dollar gekauften Amazon-Aktien von Bezos erbt, die heute 180 Milliarden US-Dollar wert sind, erhält einen sogenannten Schritt -auf der Basis, alle Kapitalertragsteuerschuld auszulöschen. Bidens Plan würde diese Lücke schließen und die höchste Kapitalertragssteuer sofort anwenden, wenn Vermögenswerte an wohlhabende Erben übertragen werden. Wenn sich der Steuersatz erhöht – er beträgt 20% für Beteiligungen wie die von Bezos, und Biden hat eine Erhöhung auf 39,6% gefordert -, würde sich auch die eventuelle Steuerbelastung erhöhen. Für Bill und Melinda Gates, die am Montag bekannt gaben, dass sie sich scheiden lassen würden, a Eine Änderung der Aufstockungsregel ist möglicherweise weniger kostspielig. Das Vermögen von Gates im Wert von 145,8 Milliarden US-Dollar ist älter und sie haben bereits einen Großteil ihrer Anteile an Microsoft Corp. verkauft oder gespendet. Aber es bleiben 26 Milliarden US-Dollar an Microsoft-Aktien übrig, und es ist nicht klar, wie das Paar sein Vermögen verwalten wird Der Kongress schätzt, dass die Erhöhung der Steuerbasis für geerbte Vermögenswerte die Regierung jährlich etwa 43 Milliarden US-Dollar kostet. Die Beendigung dieser Praxis und die Erhöhung der Rate würden die größte Einschränkung des dynastischen Reichtums seit Jahrzehnten darstellen und eine amerikanische Wirtschaftslandschaft verändern, die von einigen wenigen wohlhabenden Familien dominiert wird. Ein Amazon-Sprecher antwortete nicht auf per E-Mail gestellte Fragen zu Bezos ‘Aktien. Lesen Sie mehr: Wie die Erhöhung der Erbschaftssteuern funktionieren würde: QuickTakeDie Vorschläge sind weit davon entfernt, zum Gesetz zu werden, obwohl die Demokraten beide Häuser des Kongresses kontrollieren, da sie die Reichen bedrohen Geber beider politischer Parteien, die sich gegen sie eingesetzt haben. Befürworter sagen jedoch, dass die Beseitigung der Aufstockungsregel, die den Nachlassplanern als die Lücke des Engels des Todes bekannt ist, entscheidend ist, um Bidens Vision von Steuergerechtigkeit zu verwirklichen. Andernfalls gehen die Ökonomen davon aus, dass die vorgeschlagene Erhöhung des höchsten Steuersatzes für Kapitalgewinne das Halten von Vermögenswerten bis zum Tod weiter fördern und die Einnahmen für das Finanzministerium verringern würde. Die Aufstockungsregel ermöglicht es den Anlegern, Vermögenswerte praktisch steuerfrei an Erben weiterzugeben und den Steuerpflichtigen zu erhöhen Wert einer Immobilie zum beizulegenden Zeitwert zum Zeitpunkt ihrer Vererbung. Ein Begünstigter, der ein Haus im Wert von 1 Million US-Dollar erbt, das zwei Jahrzehnte zuvor für 100.000 US-Dollar gekauft wurde, hätte keine Kapitalgewinne. Wenn sie später für 1,5 Millionen Dollar verkauft, zahlt sie nur Steuern auf 500.000 Dollar. Die Regel gilt auch für Amazon-Aktien, die seit einem öffentlichen Angebot von 1997 um mehr als 200.000% gestiegen sind, sowie für andere geschätzte Vermögenswerte. Der Joint Committee on Taxation, ein unparteiischer Zweig des Kongresses, schätzt, dass unversteuerte Kapitalgewinne aus geerbten Vermögenswerten anfallen die Hunderte von Milliarden Dollar pro Jahr. Etwa die Hälfte der nicht realisierten Gewinne gehört laut einer Datenanalyse in der Umfrage des Federal Reserve Board zu den Verbraucherfinanzen zu den reichsten 1%. Und nicht realisierte und aufgelaufene Kapitalgewinne machen etwa 40% des Vermögens der obersten 1% aus, wie die Fed-Daten zeigen. Die Aufstockungsregel wurde als staatlich subventionierter Motor zur Anhäufung dynastischer Vermögen und als Grund für die Ausweitung der wirtschaftlichen Ungleichheit kritisiert . Sogar einige prominente Nachlassplaner sagen, dass die Bestimmung, die vor einem Jahrhundert erlassen wurde, um Doppelbesteuerung zu vermeiden, als die Nachlasssteuer nur wenige Befreiungen hatte, diesen ursprünglichen Zweck überlebt hat. Die Anwälte der Milliardäre haben ausgefeilte Strategien entwickelt, um die Nachlasssteuer zu umgehen die Aufstockungszulage ein unlegierter Segen. “Es ist eine enorme Lücke”, sagte Jonathan Blattmachr, Anwalt für Treuhand- und Immobilienrecht und leitender Berater bei Pioneer Wealth Partners, einer Finanzberatungsfirma für vermögende Kunden und Family Offices. Republikaner und einige Unternehmensverbände haben den Biden-Vorschlag kritisiert. Eine Studie von Ernst & Young, die von der Family Business Estate Tax Coalition in Auftrag gegeben wurde, prognostizierte, dass die Abschaffung der Aufstockungsregel Zehntausende von Arbeitsplätzen pro Jahr kosten und 10 Milliarden US-Dollar vom jährlichen Bruttoinlandsprodukt einsparen könnte Vermeiden Sie es von den Ultra-Reichen, die sich eine ausgefeilte Nachlassplanung leisten können, und fallen Sie stattdessen auf kleine Unternehmen und Familienbetriebe, die möglicherweise verkauft werden müssen, um Steuerrechnungen zu bezahlen Das Land verlangt möglicherweise von Familien, Unternehmen zu liquidieren, Vermögenswerte zu nutzen oder Mitarbeiter zu entlassen, um den Steuerschaden zu decken “, sagte Chris Netram, Vizepräsident für Steuer- und Innenwirtschaftspolitik bei der National Association of Manufacturers, der die Steuer von Präsident Donald Trump für 2017 unterstützte Der Plan von Biden ging auf einige dieser Bedenken ein, indem er die ersten 1 Million US-Dollar an ererbten geschätzten Vermögenswerten von den Kapitalertragssteuern verschonte und Familienbetriebe von der Steuer befreit. a und kleine Unternehmen in Fällen, in denen Erben sie weiterhin betreiben. Der Plan wurde von Progressiven begrüßt, die seit langem ein Ende der Vorzugsbehandlung von Kapitalgewinnen fordern. Frank Clemente, Exekutivdirektor von Americans for Tax Fairness, einer mit Gewerkschaften verbündeten Interessenvertretung, sagte, die Kluft zwischen Steuern auf Arbeit und Kapital sei grundsätzlich unfair und der Plan der Regierung ziele einfach darauf ab, „Wohlstand wie Arbeit zu besteuern“. „Unsere zweistufige Das Steuergesetzbuch mit einem Gesetzbuch für Amerikaner der Arbeiterklasse und einem weiteren Gesetzbuch für Sonderpausen für die Menschen an der Spitze hat das Vertrauen der Öffentlichkeit in unsere Steuerstruktur zerstört, das festgelegt werden muss “, sagte der New Jersey-Demokrat Bill Pascrell, Vorsitzender der Unterausschuss für Wege und Mittel des Hauses zur Aufsicht. “Diese Lücke ist eine der Hauptursachen für ein kaputtes System.” Eine Version von Bidens Plan wurde 2015 von Präsident Barack Obama veröffentlicht, starb jedoch auf einem von Republikanern kontrollierten Kongress. Jede wesentliche Änderung der Aufstockungsregel könnte sich ändern Finanzplanung für die reichsten Familien Amerikas, einschließlich der Techniken, mit denen sie jahrzehntelang keine Kapitalgewinne erzielen. „Inwieweit es möglich ist, die Politik zu umgehen, ist dies größtenteils eine politische Entscheidung“, sagte Chye-Ching Huang. Geschäftsführer des Tax Law Center an der New York University School of Law. „Es gibt Möglichkeiten, dies zu entwerfen und umzusetzen, damit keine großen, ineffizienten Steueroasen entstehen.“ Derzeit können wohlhabende Menschen, die Bargeld benötigen, Kredite aufnehmen, indem sie Aktien als Sicherheit verwenden, anstatt Aktien zu verkaufen, was eine Steuerbelastung auslösen würde . Die Technik ermöglicht es Milliardären, ihren Lebensstil zu finanzieren und dann ihr Vermögen an ihre Erben weiterzugeben, ohne jemals Kapitalgewinne zu realisieren. Larry Ellison, der Gründer der Oracle Corp., der 2012 Hawaiis sechstgrößte Insel kaufte, hatte Aktien in Höhe von 17,5 Milliarden US-Dollar für solche Kredite zugesagt Ab September zeigen Zahlen in einer Unternehmensangabe. Die Strategie wurde auch von Elon Musk, dem zweitreichsten Menschen der Welt, und Sumner Redstone, dem ehemaligen Vorsitzenden von Viacom Inc., der im August verstorben ist, angewendet. Wenn sich die Aufstockungsregel ändert, werden Kapitalertragssteuern auf das Vermögen dieser Milliardäre durch den Tod ausgelöst. Als der Mitbegründer von Apple Inc., Steve Jobs, 2011 starb, war sein Vermögen von 10 Milliarden US-Dollar im Vergleich zu den heutigen Tech-Milliardären relativ dürftig. Eine Aufstockung der Basis erwies sich dennoch als wertvoll. Die größte Beteiligung von Jobs war Walt Disney Co., die ihm im Zusammenhang mit dem Kauf von Pixar im Jahr 2006 Anteile einbrachte, das das Animationsstudio Jobs zwei Jahrzehnte zuvor vom Filmemacher George Lucas gekauft hatte. Als Jobs starb, waren seine Disney-Aktien 4,5 Milliarden US-Dollar wert, und seine Apple-Aktien, die aus einer Aktienzuteilung von 2003 stammten, hatten einen Wert von etwa 2,1 Milliarden US-Dollar. Zwischen den beiden Beteiligungen gab es mindestens 5 Milliarden US-Dollar an unversteuerten Kapitalgewinnen bei der Zum Zeitpunkt seines Todes, was bedeutet, dass die Erhöhung der Basis seiner Familie mehr als 750 Millionen US-Dollar an Steuern hätte ersparen können, wie eine Überprüfung der Unternehmensakten zeigt. Das Vermögen von Jobs ging an seine Frau Laurene Powell Jobs über, deren Vermögen seitdem auf 22 Milliarden US-Dollar angewachsen ist. Damit ist sie laut Bloomberg Billionaires Index die 80. reichste Person der Welt. Eine Sprecherin von Laurene Powell Jobs, die Apple-Aktien bei geerbt hätte Die reichsten Familien des Landes haben in den letzten Jahren Millionen von Dollar für die Lobbyarbeit im Kongress ausgegeben, um Versuche, die Steuern auf ererbtes Vermögen zu erhöhen, zu stumpfen, und diese Bemühungen haben sich oft ausgezahlt Die Familie Mars, die ein Imperium für die Pflege von Süßigkeiten und Haustieren aufbaute, leitete den Kampf gegen die Nachlasssteuer während der Präsidentschaft von George W. Bush und setzte sich laut Kongressaufzeichnungen seitdem gegen die Bemühungen zur Erhöhung der Steuern auf ererbtes Vermögen ein. Als Forrest Mars Jr. Als er 2016 starb, hinterließ er seinen Erben ein Vermögen von mehr als 25 Milliarden US-Dollar. Heute gehören laut Bloomberg-Index sechs Familienmitglieder zu den 500 reichsten Menschen der Welt und teilen sich ein Vermögen von mehr als 130 Milliarden US-Dollar. Ein Sprecher der Familie Mars lehnte eine Stellungnahme ab. Verwaltungsbeamte sagen, dass die Beibehaltung der Aufstockungsregel die Bemühungen untergraben würde, durch höhere Steuern auf Kapitalerträge mehr Einnahmen aus den Reichen zu erzielen. Eine Schätzung, die vom Penn Wharton Budget Model, einem überparteilichen Finanzmodell, veröffentlicht wurde Die politische Forschungsgruppe an der Wharton School der University of Pennsylvania stellte letzte Woche fest, dass eine Erhöhung der höchsten Kapitalgewinnrate auf 39,6% in den nächsten zehn Jahren neue Einnahmen in Höhe von 113 Mrd. USD bringen würde – allerdings nur, wenn die Erhöhung der Basis stark eingeschränkt ist. Wenn die Politik unverändert bleibt, würde eine Erhöhung der Kapitalgewinnrate wohlhabendere Menschen dazu motivieren, den Verkauf von Vermögenswerten vor ihrem Tod zu vermeiden, was dem Finanzministerium über einen Zeitraum von 10 Jahren Einnahmeverluste in Höhe von 33 Milliarden US-Dollar kosten würde. Eine weitere Studie, die im Januar vom National Bureau of veröffentlicht wurde Laut Economic Research könnte eine Erhöhung der höchsten Kapitalgewinnrate mehr Einnahmen generieren als vom Kongress geschätzt, da die Eigentümer von Vermögenswerten weniger flexibel sind, wann sie Gewinne erzielen können. Das Eliminieren einer Erhöhung der Basis würde die Flexibilität weiter verringern, heißt es in der Studie: “Sie sagen mir, wenn ich die Rate effektiv verdopple und den Tod zu einem Erkenntnisereignis mache, werden Sie nicht viel Geld damit bekommen?” sagte Owen Zidar, Professor für Wirtschaft und öffentliche Ordnung an der Princeton University und einer der Autoren der Studie. „Ich kann das kaum glauben.“ Aber selbst wenn Bidens Plan angenommen wird, werden Steueranwälte und Wirtschaftsprüfer wahrscheinlich Wege finden, die Flexibilität durch Spenden für wohltätige Zwecke und neuartige Nachlassplanungsstrategien zu erhöhen. „Die Geschichte der Besteuerung reicher Menschen im Laufe der Geschichte ist, dass sie es sind wird immer Wege finden, um Steuern zu umgehen “, sagte John Ricco, Autor der Wharton-Studie. “Dies wird sicherlich die Vermeidungsmöglichkeiten einschränken – vielleicht nicht so sehr, wie die Befürworter des Biden-Vorschlags hoffen, aber es wird etwas Biss haben.” (Fügt einen Kommentar von Vertreter Bill Pascrell im 16. Absatz hinzu.) Für weitere Artikel wie diesen Besuchen Sie uns jetzt unter Melden Sie sich jetzt an, um mit der vertrauenswürdigsten Wirtschaftsnachrichtenquelle auf dem Laufenden zu bleiben. © 2021 Bloomberg LP