Business and Finance
The House passed a bill binding a potential TikTok ban on Israel and Ukraine
WASHINGTON (AP) — The House passed a bill Saturday that will ban TikTok within the United States if the favored social media platform’s Chinese owner doesn’t sell its shares inside a 12 months, nevertheless it doesn’t expect the app to vanish any time soon.
House Republicans’ decision to incorporate TikTok in a larger foreign aid package, a priority for President Joe Biden amid broad congressional support for Ukraine and Israel, hastened the ban after an earlier version stalled within the Senate. A standalone bill with a shorter six-month sales deadline passed the House in March with an awesome bipartisan vote after each Democrats and Republicans raised national security concerns in regards to the app’s owner, Chinese tech company ByteDance Ltd.
The modified measure, passed by a 360-58 vote, now goes to the Senate after negotiations that prolonged the deadline to sell the corporate to nine months, with an extra three months possible if the sale is pending.
Legal challenges could extend that timeline even further. The company has indicated it’s going to likely go to court in an try and block the bill if it passes, arguing it could deprive hundreds of thousands of app users of their First Amendment rights.
TikTok lobbied hard against the laws, urging the app’s 170 million U.S. users – a lot of them young – to contact Congress and express their opposition. But the ferocity of the response has angered lawmakers on Capitol Hill, where there’s widespread concern about Chinese threats to the U.S. and where few members use the platform themselves.
“We will not stop fighting and supporting you,” TikTok CEO Shou Zi Chew said in a video posted on the platform last month and addressed to the app’s users. “We will continue to do everything we can, including exercising our rights, to protect this incredible platform we have built with you.”
The bill’s fast track through Congress is unusual since it targets one company and because Congress has taken a hands-off approach to tech regulation for a long time. Lawmakers have didn’t act despite efforts to, amongst other things, protect children online, protect user privacy and make firms more accountable for content posted on their platforms. However, the TikTok ban reflects widespread concerns amongst lawmakers about China.
Members of each side, together with intelligence officials, feared that Chinese authorities could force ByteDance handy over US user data or encourage the corporate to suppress or amplify TikTok content favorable to its interests. TikTok has denied claims that it might be used as a tool of the Chinese government and said it doesn’t share US user data with Chinese authorities.
The U.S. government has not publicly presented evidence showing that TikTok shared U.S. user data with the Chinese government or tinkered with the corporate’s popular algorithm that influences what Americans see.
The company has reasonable grounds to imagine that the legal motion might be successful, given some success in previous legal disputes involving its U.S. operations. In November, a federal judge blocked a Montana law that will have banned TikTok statewide after the corporate and five content creators using the platform were sued.
In 2020, federal courts blocked an executive order issued by then-President Donald Trump banning TikTok after the corporate sued on the grounds that the order violated free speech and due process rights. His administration negotiated a deal that resulted in US corporations Oracle and Walmart taking large stakes in TikTok. The sale never materialized for a variety of reasons; one in every of them was China, which imposed stricter export controls on its technology suppliers.
Dozens of states and the federal government have imposed bans on TikTok on government devices. Texas’ ban was challenged last 12 months by Columbia University’s Knight First Amendment Institute, which argued in a lawsuit that the policy impedes academic freedom since it extends to public universities. In December, a federal judge ruled within the state’s favor.
The application was supported by organizations comparable to the American Civil Liberties Union. “Congress cannot strip away the rights of the more than 170 million Americans who use TikTok to express themselves, engage in political activities and access information from around the world,” said Jenna Leventoff, a lawyer for the group.
Since mid-March, TikTok has spent $5 million on TV ads opposing the laws, in keeping with AdImpact, an ad tracking company. The ads featured quite a few content creators, including a nun, praising the platform’s positive impact on their lives and arguing that a ban would trample on the First Amendment. The company also encouraged its users to contact Congress, and some lawmakers received profanity-laced calls.
“It is unlucky that the House of Representatives is using the quilt of necessary foreign and humanitarian aid to once more push through a ban bill that will trample on the free speech rights of 170 million Americans, devastate 7 million businesses, and shut down a platform that contributes $24 billion annually to American economy,” said Alex Haurek, company spokesman.
California Democrat Ro Khanna voted against the laws. He said he believed there might have been less restrictive ways of prosecuting the corporate that will not have led to an outright ban or threatened free speech.
“I don’t think it will be well received,” Khanna said. “It’s a sign that the bypass is out of touch with where voters are.”
Nadya Okamoto, a content creator who has about 4 million followers on TikTok, said she is talking to other creators who feel “so much anger and anxiety” in regards to the bill and its impact on their lives. The 26-year-old, whose company “August” sells menstrual products and is thought for promoting the destigmatization of periods, makes most of her income from TikTok.
“This will have real consequences,” she added.
Business and Finance
First black lottery operator
In a city that pulls thousands and thousands of individuals all over the world, Emmanuel Bailey’s success story began in Washington. He began from humble beginnings, growing up with a single mother and moving from rental to rental throughout town and the Washington, D.C., metropolitan area for many of his childhood. At the peak of the drug epidemic, he saw his hometown affected by crime and poverty, and when he returned from college, his town was considered the murder capital of the country. Yet despite these adversities, he all the time worked hard and looked to a brighter future – a super his mother instilled in him since he was a small child.
As Bailey began his journey to a brighter future, he realized that to achieve success, he needed to pursue a university education. Through these pursuits, he became the primary member of his family to attend and graduate from college. He enrolled at Eastern Kentucky University, earning a bachelor’s degree in business administration. While at EKU, he set out to realize the high level of success his mother expected of him in all areas. After graduating from EKU, he obtained an Executive MBA from the Business School. Robert H. Smith on the University of Maryland.
Emmanuel achieved early success within the financial sector. Over the following 25 years, he rose through the ranks, starting as a branch manager at Citizens Bank of Maryland and ending with vice chairman of Fannie Mae. These roles provided him with invaluable experience as a seasoned entrepreneur and leader. After all the pieces he had achieved at Fannie Mae, it was time to strike out on his own.
Seeing the potential within the lottery industry, Emmanuel founded an operations and management services company to run lotteries more efficiently and effectively. Key service providers (VSC) has management experience in all facets of the state lottery contract, including providing direct supervision and management of lottery agents, retail systems, implementation and maintenance of gaming equipment, and oversight of the performance of the central gaming system. He worked in various positions in state lotteries across the country to achieve real institutional knowledge of the ins and outs of the brand new industry he was entering. Combining his latest knowledge with business sense, he decided to win contracts with the most important names within the industry.
The lottery industry is amazingly competitive, and contracts are sometimes awarded to large national firms. However, as Emmanuel grew his business, hiring experienced staff and expanding VSC’s capabilities, he began to make a reputation for himself as a trusted and talented operator within the industry. He soon partnered with titans in the sector and eventually became the one black business owner to operate a state lottery in your entire United States, in his home “state” of Washington.
But his success didn’t end there.
Bailey continued to hone his expertise, turning VSC right into a multi-million dollar company with over 100 employees. He was honored with the 2020 North American Association of State and Provincial Lotteries (NASPL) Powers Award, which he won based on nominations from the DC Lottery itself. In its nomination, the District of Columbia said Emmanuel “is far from a stereotypical executive… and will ensure that the DC Lottery continues to operate every day and that our company remains profitable into the long-term future.” It continues to grow its business by opening a VSC office in Maryland and searching to expand its geographic reach.
Despite all his success, Emmanuel never forgot his family and his connection to his community. He stays deeply committed to giving back to DC communities. He has donated a whole lot of 1000’s of dollars to varied local DC-based organizations supporting programs comparable to school athletic and humanities departments, educational support and health care. He also served and continues to serve on the boards of many local organizations.
Now Emmanuel looks to the longer term. Always striving to enhance his business, Emmanuel works to enhance operations and improve the efficiency of the DC Lottery, while also giving back to the community and creating more opportunities for young children growing up in circumstances like his own. While his feet are firmly planted within the DMV, his ambitious and entrepreneurial spirit has his eyes on expansion into additional states. He says his best achievement, above all his other achievements, is that he helped his mother retire.
Business and Finance
David Shands and Donni Wiggins host the “My First Million” conference at ATL
December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.
Then there’s Shands and Wiggins.
The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.
It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.
“It’s not up to us to convince anyone why we do what we do,” admits Shands.
“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”
He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.
“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.
She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.
“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”
She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.
They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.
What to expect during the “My First Million” conference.
They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.
Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.
“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”
Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.
“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”
Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.
Business and Finance
Operation HOPE on the occasion of the 10th annual world forum
Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.
The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.
Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.
Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”
“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.
The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.
“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”
Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.
“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”
It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.
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