We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
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Your Money
The Federal Open Market Committee (FOMC) concluded its two-day meeting last week and held interest rates steady, as expected. In their statement, they were cautious on their short and mid-term economic outlook while the country battles the epidemic. Here are some quotes:
- Ongoing health crisis will weigh heavily on economic activity, employment, and inflation in the near term.
- Economic activity and employment have picked up somewhat in recent months but remain well below their levels at the beginning of the year.
- Epidemic poses considerable risks to the economic outlook over the medium term.
- Expecting to maintain the current fed funds rate until confident economy has weathered recent events and is on track to achieve central bank's maximum employment and price stability goals.
Fed chief says coronavirus surge slowing US economic recovery
by Ann Saphir, Howard Schneider
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Your Life
This should go without saying, but some things bear repeating. Masks work both ways…protecting those around you from contracting coronavirus and protecting the people wearing them from getting the virus. Please wear your mask.
Masks may reduce viral dose, some experts say
by Katherine J. Wu
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Complexity Simplified
It’s almost hard to imagine a life before social media. It’s almost like remembering the times before computers and televisions. It’s just hard to comprehend what we did before those inventions that millions of us use daily for necessity or recreation.
Why is social media so popular?
- It’s an easy and quick way to reach people at one time.
- You can reach a HUGE amount of people.
- You have a direct connection with your audience.
- You can create original content for posting at virtually no costs.
- You can build your brand and start a business that can be lucrative.
- If you are popular enough, you can get paid advertising.
- Due to its anonymity aspect, people can feel equal to other people, encouraging people to voice opinions that they would, otherwise, never say in person.
- People can feel like that they connect directly to other people—especially to famous people.
Do you know or understand all the lingo used in social media today? If not, here’s are brief descriptions.
- When something is “trending,” it means that it is words or actions that are currently popular or widely discussed, especially on social media websites.
- An “app” is short for application and is a type of software program that can be installed and run on a variety of electronics like computers, smartphones, tablets, etc.
- Hashtags (#) made popular by Twitter is used to highlight keyword(s) or acronym so it can be searched easier by others.
- Becoming “viral” on the internet means that a posting has become incredibly popular (shared by thousands or millions) in a short amount of time…usually hours or days.
- Twitter is a social networking site that allows users to send and receive shorts posts called “tweets.” Tweets can be up to 140 characters long and can include links to other websites.
- Instagram is a photo and video sharing app.
- Snapchat is a messaging app allow users to exchange pictures and videos (called snaps) that are meant to disappear after they’re reviewed.
- TikTok is a video-sharing social network forum. Videos can be up to 15 seconds (60 seconds connected clips).
- Facebook is a website which allows users to share pictures, music, videos, and articles, as well as their own thoughts and opinions with however many people they like. Facebook's difference is its popularity with over 2.23 billion active users.
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Trivia
A: Jamaica
Q: In a deck of cards, which king does not have a mustache?
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This got us all singing out loud
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