All articles tagged with #financial resources
Penn State head coach James Franklin suggested that Oregon's football success is due to financial advantages, despite NCAA figures showing Penn State has higher funding and ticket sales. Franklin's comments come ahead of the Big Ten Championship against the top-ranked Ducks, raising questions about his focus and intentions.
Gen Z is actively participating in the stock market more than any other generation, driven by a fear of missing out (FOMO). They are responding to economic factors like inflation and rising interest rates and using diverse financial resources to learn as they go. Gen Z investors are buying more stocks than any other generation and expect to invest even more this year. While their financial activity is influenced by apps like Robinhood and a cynical outlook towards the economy, studies show that active trading is not an effective way to build long-term wealth. However, the mainstream-ification of finance conversations and the availability of financial resources could be advantageous for Gen Z if they have the patience to stick it out in the stock market.
Elizabeth Holmes, the disgraced biotech executive and fraudster, claims she cannot afford to pay the $250 monthly installments towards the $452 million restitution she owes to her victims. Her lawyers argue that she has "limited financial resources." Holmes' estimated net worth was once valued at around $4.5 billion, but it dropped to zero once it turned out she was a fraud. Prosecutors are now asking US district judge Edward Davila to correct the paperwork, and if he does, Holmes would be required to start making monthly payments of either $250 or ten percent of her salary to her victims upon her release from prison roughly 11 years from now.
Elizabeth Holmes' lawyers are pushing back on the government's proposal for her to pay $250 a month to victims of her fraud, claiming she won't be able to afford the payments. Holmes was convicted of defrauding investors in Theranos and ordered to repay $452 million to victims, including Rupert Murdoch and Larry Ellison. The Justice Department proposed that Holmes pay $250 a month, or at least 10% of her income, once she's released from prison. However, Holmes' lawyers cited her "limited financial resources" and noted that she has "no assets" and no hope of restarting her career after the Theranos scandal.