Deputy Secretary of the Treasury Wally Adeyemo gave the Senate Banking Committee an update on Banking, Housing, and Urban Affairs.

Adeyemo has been a vocal advocate of increasing the regulatory powers of the United States Treasury and their impact on domestic financial affairs.

Adeyemo gives an update to the Senate Banking Committee

The Deputy Secretary said in front of the Senate Banking Committee “I am here today because we need additional tools to protect the American people.”

Adeyemo would continue that “we(The Treasury) take steps to cut terrorist groups and other malign actors off from the traditional financial system, we are concerned about the ways these actors are using cryptocurrencies to try and circumvent our sanctions.”

Deputy Secretary Adeyemo had proposed three key reform topics to the Senate Banking Committee in November of 2023. These included the creation of a financial sanction tool targeted “at foreign digital asset providers that facilitate illicit finance.”

The second topic proposed was “modernizing and closing gaps in existing authorities by expanding their reach to explicitly cover the key players and core activities of the digital assets ecosystem.”

Thirdly, Adeyemo addressed “jurisdictional risk from offshore cryptocurrency platforms, which is a key challenge.”

The United States Treasury has stated that cryptocurrency is an emerging player in the hands of dangerous groups. Deputy Secretary Adeyemo would also highlight the funding routes that terrorists and key groups of concern use.

He said “While we continue to assess that terrorists prefer to use traditional financial products and services, we fear that without Congressional action to provide us with the necessary tools, the use of virtual assets by these actors will only grow.

While these actors today only use virtual assets for a fraction of their illicit activity, we know in other areas, illicit actors almost completely rely on virtual currencies. Over the past few years, ransomware attacks have only increased in scale, sophistication, and frequency. Treasury’s Financial Crimes Enforcement Network found, based on BSA reporting, that more than $1 billion of ransomware payments were made exclusively using cryptocurrency in 2023. This not only has an impact on our national security but also on our economy,”

You can view the full hearing of the Senate Banking Committee and it is hoped that today’s session will root out the foreign and domestic threats that illicit banking can bring.

Image: Ideogram.

The post Deputy Secretary of the Treasury speaks on multiple banking matters appeared first on Due.

https://www.entrepreneur.com/finance/deputy-secretary-of-the-treasury-speaks-on-multiple-banking/472452

The United States Postal Service has proposed several rate changes that could come into effect in summer 2024.

These rate increases include the raising of a first-class stamp from 68 cents to 73 cents. The proposal overall accounts for a hike in all services from the household name by 7.3% of current charges.

U.S Postal Service increases rates

These changes will come into force from July 14, 2024, if they are approved by the Postal Regulatory Commission.

The postal icon says the submission of new prospective prices has been necessary “As changes in the mailing and shipping marketplace continue, these price adjustments are needed to achieve the financial stability sought by the organization’s Delivering for America 10-year plan. USPS prices remain among the most affordable in the world.”

The Postal Services’ Delivering for America 10-year plan was announced on March 23, 2021, and set out the stall to effect the “transformation of the United States Postal Service from an organization in financial and operational crisis to one that is self-sustaining and high performing.”

The modernization campaign is now in its second year and the institution has published retrospective documents on the progress in 2002 and 2023.

These changes are as follows:

• Letters (1 oz.) will increase from 68 cents to 73 cents
• Letters (metered 1 oz.) will increase from 64 cents to 69 cents
• Domestic Postcards will increase from 53 cents to 56 cents
• International postcards will increase from $1.55 to $1.65
• International Letter (1 oz.) will increase from $1.55 to $1.65

The U.S. Postmaster general has made some unpopular remarks since being installed by the former U.S. Administration. He once said that American consumers will have to “get used to uncomfortable” rate hikes.

The Postal Regulatory Commission will review the rate changes which can be found on the commission’s website under the Daily Listings section.

Image: Ideogram.

The post US Postal Service proposes increase for key services appeared first on Due.

https://www.entrepreneur.com/finance/us-postal-service-proposes-increase-for-key-services/472451

Tump Media Executives are receiving massive financial gains despite a continuously falling share price for the company’s stock.

The corporate Securities and Exchange Committee (SEC) filings posted this month show us how executives in the company are being compensated in salary and promissory notes.

What is a promissory note?

A promissory note is a halfway house between an IOU and a loan agreement. It is a legally binding financial instrument that guarantees the holder a sum based on an agreement between two parties.

In the case of Trump Media, the company’s executives have been given promissory notes to the tune of $6.25 million.

This is broken down into $1.15 million for Chief Executive Officer Devin Nunes, $4.9 million for Chief Financial Officer Phillip Juhan, and $200,000 for Chief Operating Officer Andrew Northwall.

Trump Media shares continue to fall

Trump Media merged with Digital World Acquisition Corp on March 26 this year and saw the shares in the company hit a high watermark at around $80.

Since that time the shares have been in a constant freefall with the Monday closing bell recording stock at $37.17 for the shares that have the initials of the former President, DJT.

So in the space of two weeks of trading the shares have been sliced down to 55% of the original $80 dollar watermark and have seen a fall of 12% on Friday and a further 10% this week.

This is a worrying trend for the hopeful Republican Presidential candidate as the company posted a net loss of $58 million last year on revenue of just $4.1 million. The company is also funded by a retail investor base according to Nunes, which he would mention was an integral part of the bedrock of Trump Media.

In a recent Fox News interview, which is part of the 8K filing on the company website, Nunes would say “The most amazing part about our company, the retail investors. So when we went out to get this merger, we had it. It took a while. One of the reasons, not just the regulation, but we had almost 400,000 people, retail shareholders who had invested in this company. Now guess what’s happened over the last couple of weeks, we think we’ve added over 200,000 new retail investors. I would say there’s not another company out there that has retail investors like this.”

The social media application Truth Social is tethered to Trump Media, in which the former President is the majority shareholder. He currently has a 58% in the company, which accounts for around 78 million shares.

Image: Ideogram.

The post Trump Media Execs Take Home Windfall Whist Share Price halved appeared first on Due.

https://www.entrepreneur.com/finance/trump-media-execs-take-home-windfall-whist-share-price/472397

Understanding inflation’s downward trend

Inflation, a key economic indicator, has been on a downward trend for the past eight months. This consistent decline in inflation is a significant economic event with far-reaching implications for both the domestic and global economy. However, in recent times, inflation has ceased its downward trajectory and has instead been moving sideways. This stagnation in inflation rates has sparked a flurry of speculation and betting in the market, particularly concerning interest rate cuts.

The role of interest rate cuts

Interest rate cuts are a monetary policy tool used by central banks to stimulate economic growth. When the economy is sluggish, central banks can lower interest rates to encourage borrowing and investment, thereby boosting economic activity. The market’s betting activities are a reflection of its expectations regarding future economic policies, including interest rate cuts.

Market predictions and economic rallies

Six months ago, when the current economic rally began, the market was betting on six interest rate cuts. This was a bold prediction, considering the potential implications of such a drastic measure. However, it was not entirely unfounded. The downward trend in inflation suggested a slowing economy, which could justify a series of interest rate cuts to stimulate growth.

Skepticism and controversy

However, the market’s prediction of six interest rate cuts was met with skepticism. Many experts argued that such a drastic measure was unnecessary and could potentially destabilize the economy. Despite the downward trend in inflation, the economy was still growing, albeit at a slower pace. Therefore, six interest rate cuts seemed excessive and potentially harmful.

Changing economic landscape

Fast forward to the present, and the market’s betting has changed significantly. The current prediction is for three interest rate cuts, a significant reduction from the previous prediction of six. This change in betting is a reflection of the changing economic landscape. Inflation, which had been on a downward trend, has now stagnated and is moving sideways. This suggests that the economy is stabilizing and therefore does not require as many interest rate cuts to stimulate growth.

Debate over the number of interest rate cuts

However, the prediction of three interest rate cuts is not without controversy. Some argue that it is still too high, given the current state of the economy. They argue that the sideways movement of inflation is a sign of economic stability, not stagnation. Therefore, three interest rate cuts could potentially overstimulate the economy and lead to inflationary pressures.

Proponents of the three interest rate cuts

On the other hand, proponents of the three interest rate cuts argue that they are necessary to ensure continued economic growth. They argue that while inflation has stopped declining, it has not started to increase. This suggests that the economy is still sluggish and could benefit from further stimulation.

Conclusion: The complexity of inflation and interest rate cuts

In conclusion, the dynamics of inflation and interest rate cuts are complex and multifaceted. The market’s betting activities provide valuable insights into the expected future economic policies and the state of the economy. However, these predictions are not always accurate and should be taken with a grain of caution. The current prediction of three interest rate cuts is a reflection of the changing economic landscape, but it is not without controversy. As always, the future of the economy remains uncertain, and only time will tell whether these predictions will come to fruition.

---

Frequently Asked Questions

Q. What is the current trend of inflation?

Inflation has been on a downward trend for the past eight months but has recently ceased its downward trajectory and has instead been moving sideways.

Q. What is the role of interest rate cuts?

Interest rate cuts are a monetary policy tool used by central banks to stimulate economic growth. They encourage borrowing and investment, thereby boosting economic activity.

Q. What were the market’s initial predictions regarding interest rate cuts?

Six months ago, the market was betting on six interest rate cuts, a prediction based on the downward trend in inflation.

Q. How have the market’s predictions changed?

The current prediction is for three interest rate cuts, a significant reduction from the previous prediction of six. This change is a reflection of the changing economic landscape.

Q. Why is there controversy over the prediction of three interest rate cuts?

Some argue that three interest rate cuts are too high, given the current state of the economy. They believe that the sideways movement of inflation is a sign of economic stability, not stagnation, and that these cuts could potentially overstimulate the economy.

Q. What is the argument for the three interest rate cuts?

Proponents argue that the cuts are necessary to ensure continued economic growth. They believe that while inflation has stopped declining, it has not started to increase, suggesting that the economy could benefit from further stimulation.

Q. How should we interpret the market’s predictions?

The market’s betting activities provide valuable insights into expected future economic policies and the state of the economy. However, these predictions are not always accurate and should be taken with caution. The future of the economy remains uncertain.

The post Decoding inflation trends and interest cuts appeared first on Due.

https://www.entrepreneur.com/finance/decoding-inflation-trends-and-interest-cuts/472373

Gamification in education is a rising trend, and I am excited about it. The market is expected to reach over $30 billion by 2025 (Source). Given this significant rise, I decided to explore some business games that teachers could use to teach the next generation of entrepreneurs and investors. And I found some pretty great finds.

These business games provide an excellent way for students to learn business skills. Students can engage in activities like managing virtual companies and participating in simulated stock trading.

Further, by offering a risk-free environment, these games can facilitate the development of students’ entrepreneurial mindset and financial acumen.

And I can’t forget to mention that there are plenty of stats citing their impact:

• Challenge-based gamification in education leads to an increase of 34.75% in student performance (Source).
• Furthermore, students who were educated with challenge-based gamification performed better by up to 89.45% compared to those who only received lectures (Source).
• 67% of students found gamified learning more motivating and engaging than traditional courses (Source).

So, what are you waiting for?  Below are some of the games that I found while researching. From simulation to stock traders to card games, there are plenty of interesting games to discover.

Are you more interested in entrepreneurial games? Check out our list of great entrepreneurship games.

1. Products: The Card Game (Top trending pick)

Products: The Card Game teaches students how to pitch and invent products. The game is easy to play. Every round, an investor draws a Product card. Then, all the players have a handful of Feature cards to pitch as additions to the Product. By combining the cards, you end up pitching products like a “television for your BBQ set.” And it gets intense! Expect much shouting and arguing as people give their case to the investor.

Why I like it: It’s a quick and fun way to teach the class about inventing and entrepreneurship while being goofy. And it’s all in-person, so there are no phone and laptop screens to play.

Pros

• Encourages students to think outside the box.
• Get to practice pitching ideas and communication.
• A light-hearted approach to learning about inventing/entrepreneurship.
• Fosters teamwork and collaboration for large groups. 

Cons

• Does not delve into complex aspects like financial planning or market research.
• Pitches may be won more for humor than practicality. 

2. Monopoly (Top classic pick)

This classic board game teaches students to manage finances, make strategic decisions, and understand investments.

Why I like it: It’s a classic! Most students will already know how to play, and it is a great way to learn about business basics in a fun and interactive way.

Pros

• Teaches concepts like budgeting, investing, and managing money.
• Requires strategic thinking for property acquisition, negotiation, and risk management. 
• Get a hands-on, competitive learning experience. 
• It is a timeless classic.

Cons

• The gameplay can be LONG.
• Students will likely get frustrated or annoyed.
• It tends to oversimplify more complex principles. 
• It is fairly repetitive (i.e., roll, buy, repeat).

3. SimCity (Top economic pick)

In this simulation game, students can build and manage their own virtual city, making decisions about zoning, infrastructure, and budgeting.

Why I like it: It’s a great way to learn about urban planning and economic development.

Pros

• Provides education for city development, infrastructure management, and local economics.
• Foster critical thinking in a risk-free environment.
• Can customize scenarios with different city layouts.
• Offers a visual representation of urban development.

Cons

• The complexity can be overwhelming.
• Significant learning curve to grasp the game
• It doesn’t cover a wide variety of business aspects.
• Students may prefer building aesthetics versus learning. 

4. Lemonade Stand (Top simple pick)

This simple online game allows students to run their own virtual lemonade stand, learning about pricing, marketing, and inventory management.

Why I like it: It’s a fun introduction to the basics of entrepreneurship.

Pros

• It is simple easy-to-understand:
• Gives hands-on experience in pricing, marketing, and inventory management. 
• It is a realistic display of challenges faced by small businesses. 
• The game encourages ane engages. active participation.

Cons

• The game focuses only on a lemonade stand. 
• Does not go over many advanced business concepts.
• The gameplay is fairly repetitive. 
• Limited opportunities for team and collaboration.

5. Capitalism Lab (Top virtual pick)

This business simulation game allows students to run their virtual company, making production, marketing, and finance decisions.

Why I like it: It’s an exciting way to learn about the complexities of running a business in a competitive market.

Pros

• It is a comprehensive business simulation covering product, marketing, finance, and research.
• Learn about business ops and market dynamics through simulated gameplay.
• Players have to be strategic with their business strategies
• Provides educational value for entrepreneurship and business management. 

Cons

• It has a steep learning curve.
• Overwhelming for beginners. 
• It can be very time-consuming:
• Focuses primarily on single-player gameplay. 

6. Stock Market Game (Top stock market pick)

The Stock Market Game allows students to simulate investing in the stock market. They can learn about the basics of trading, risk management, and portfolio diversification. I think it is an excellent pick for financial-minded students!

Why I like it: I find this game great for students with a knack for financial concepts.

Pros

• It simulates real-life markets.
• Provides risk-free practice.
• Offers tutorials to help students learn.
• The game uses real-time live data

Cons

• The game can oversimplify market dynamics.
• Focuses on short-term trading versus long-term trading.
• Primarily focuses on stock trading.
• The game prioritizes individual performance over group teamwork.

7. Biz Builder Delux (Top retail pick)

In this mobile game, students can build and manage their virtual retail store, learning about customer service, inventory management, and marketing.

Why I like it: I think it is an excellent way to learn about the retail industry.

Pros

• Students can learn outside the classroom.
• Experience in managing retail stores, customer service, inventory management, and marketing. 
• Offers real-world challenges and decisions owners face.
• Keeps students motivated and investing in virtual businesses.

Cons

• The game includes in-app purchases.
• Overlooks aspects outside of retail management.
• Constrained by smaller screen size.
• Games may detract from other learning.

8. Airlines Manager: Tycoon (Top airline pick)

In this simulation game, students can run their virtual airline, making decisions about routes, pricing, and fleet management.

Why I like it: I love how this simulation game allows students to run their virtual airline,

Pros

• Covers airline complexities: route planning, pricing, and fleet management.
• Immerses in aviation challenges.
• Prompts informed choices for optimizing operations.
• Provides insights into aviation economics, logistics, and customer service.

Cons

• It may overwhelm new students due to its complexity.
• Requires significant time, with lengthy sessions.
• Access may be limited for some students.
• Focuses solely on airlines, possibly neglecting broader concepts.

9. Coffee Shop Tycoon (Top small business pick)

This simulation game allows students to run their virtual coffee shop, learning about customer service, menu planning, and budgeting.

Why I like it: I think it is a great way to learn about the food and beverage industry.

Pros

• Focuses on coffee shop business: menu planning, service, budgeting.
• Learn about active management.
• Realistic portrayal: sourcing, staff management.
• Offers engaging, immersive experience.

Cons

• It focuses solely on the coffee shop business, potentially neglecting broader entrepreneurship.
• Simplifies coffee shop management, reducing comprehensive understanding.
• Gaming distractions may reduce learning outcomes.
• Limited availability on specific platforms limits accessibility.

10. The Sims (Top competitive pick)

In this simulation game, students can create and manage their virtual businesses, from restaurants to fashion boutiques, to see how they fare in the competitive market. Of course, this is only one aspect of the entire Sims game.

Why I like it: I’m excited about The Sims because in the game, students can create and manage virtual businesses, such as restaurants and fashion boutiques, giving them a firsthand taste of the competitive market. However, the game is probably unsuitable for a class environment, as the business component is only a piece of the larger game.

Pros

• It exposes students to a variety of industries.
• It demonstrates business operations, including staffing and budgeting.
• Provides extensive tools for designing businesses.
• It engages and fosters critical thinking skills.

Cons

• Covers multiple industries, potentially sacrificing depth.
• Non-educational elements may reduce focus.
• Lengthy sessions require significant time investment.
• The open-ended nature may divert from learning goals.

11. RollerCoaster Tycoon (Top theme park pick)

Test your business skills by designing and managing your own amusement park, from setting ticket prices to hiring staff and keeping customers happy.

Why I like it: I love this simulation game because it lets students explore their creativity and decision-making skills in managing their amusement park.

Pros

• You can design and customize amusement parks for creativity.
• Students learn about pricing, finances, and customer satisfaction for success.
• Understand the entrepreneurship challenges of an amusement park.
• Make critical decisions for profit maximization.

Cons

• Lengthy sessions require significant time investment.
• Mechanics may overwhelm some players, especially newcomers.
• Primarily focuses on theme parks, potentially neglecting broader business concepts.
• Immersive nature may distract from educational objectives.

12. Game Dev Tycoon (Top gaming pick)

Step into the shoes of a game developer and build your own successful gaming company by creating and releasing hit games while managing finances and marketing strategies.

Why I like it: I’m drawn to Game Dev Tycoon because it realistically portrays the challenges faced by game developers, such as adapting to genre trends and achieving critical acclaim.

Pros

• Gain insights into game design, marketing, and financial management.
• Understand both the challenges and rewards of starting and running a gaming company.
• Offers decision-making, such as game development, staffing, and business expansion.
• The game offers a realistic portrayal of the video game industry.

Cons

• Limited relevance for students interested in other industries.
• Gaming distractions may lead to off-task behavior.
• Lengthy sessions require significant time investment.
• Focus on the video game industry may overlook broader business aspects.

13. Capitalism II (Top complex pick)

This complex business simulation game challenges players to build and expand their own business empire, from manufacturing to retail, while navigating economic trends and competition.

Why I like it: I like how comprehensive the game is and how it provides insights into the complexities of running a business.

Pros

• Covers various industries instead of one.
• Players must build business empires and navigate economic trends.
• It offers insights into the complexities of running a business.
• The game shows basic economic principles.

Cons

• Advanced mechanics may be daunting for inexperienced players.
• Lengthy sessions require significant time investment.
• Less accessible to students without prior knowledge.
• Depth may overwhelm players, detracting from the learning experience.

14. Railroad Tycoon (Top logistics pick)

Manage and expand a railway empire by building tracks, purchasing locomotives, and making strategic decisions to outmaneuver competitors and dominate the transportation industry.

Why I like it: I enjoy how in-depth they went into the railroad industry, and it makes me feel like I am a robber-barron or some mid-century railroad titan.

Pros

• Insights into the transportation industry: railway management, logistics, infrastructure.
• Challenges strategic decision-making: route planning, locomotive purchasing.
• Realistic portrayal of railroad tycoon challenges, practical insights.
• Learn about transportation evolution and economic development.

Cons

• Primarily focuses on the railroad industry, potentially neglecting broader concepts.
• Includes industry-specific terminology, may be unfamiliar or confusing.
• Lengthy sessions require significant time investment.
• Immersive nature may lead to distractions.

15. Theme Hospital (Top medical pick)

Test your business acumen by managing a hospital, from hiring staff and treating patients to balancing budgets and expanding facilities to keep the hospital running smoothly.

Why I like it: I thought this one was very interesting, especially from a managerial perspective.

Pros

• Insights into the healthcare industry: hospital management, patient care, budgeting.
• Challenges strategic decision-making: staff hiring, facility expansion, patient satisfaction.
• Realistic portrayal of hospital administration challenges, practical insights.
• Encourages problem-solving to keep the hospital running smoothly.

Cons

• Focuses solely on healthcare, potentially limiting relevance.
• Lengthy sessions require significant time investment.
• Complexity may overwhelm players, detracting from learning.
• Less accessible to students without prior knowledge.

16. Zoo Tycoon (Top animal pick)

Build and manage your own zoo by creating habitats, caring for animals, and attracting visitors to generate revenue and grow your business in this fun and engaging simulation game.

Why I like it: What is there not to like about Zoos! It’s a pretty fun game.

Pros

• Insights into zoological industry: zoo management, animal care, visitor attraction.
• Allows creative expression: design and customize zoos for creativity.
• Realistically portrays challenges faced by zookeepers, practical insights.
• Teaches animal conservation, habitat design, wildlife management.

Cons

• Focuses solely on zoo industry, potentially neglecting broader concepts.
• Lengthy sessions require significant time investment.
• Immersive nature may lead to distractions from educational objectives.
• Less accessible to students without prior knowledge of zoo management.

17. Restaurant Empire (Top restaurant pick)

Experience the challenges of running a successful restaurant business, from designing menus and managing staff to dealing with food critics and competing with rival eateries to become a culinary mogul.

Why I like it: This is probably one of the more challenging ones. Good thing I am a good cook.

Pros

• Insights into menu planning, staff management, and customer service.
• Hands-on restaurant management experience: practical insights.
• Portrays restaurant operations realistically.
• Teaches business strategy, marketing, and competition.

Cons

• Focuses solely on restaurant industry, potentially neglecting broader concepts.
• Lengthy sessions require significant time investment.
• Immersive nature may lead to distractions.
• Non-educational gameplay elements may reduce engagement.

18. Wall Street Survivor (Top finance pick)

This online investing game offers a realistic stock market simulation with virtual trading, research tools, and educational resources. Players can compete in leagues and challenges to hone their investing skills.

Why I like it: I enjoy the realism. It is kind of like fantasy football for investing.

Pros

• Learn about virtual trading, research tools, and educational resources.
• It lets students engage in decision-making and problem-solving.
• Provides supplementary materials for understanding investing.
• Students can compete to hone their skills.

Cons

• Simplified simulation may oversimplify market dynamics.
• Emphasis on short-term gains may not align with sound practices.
• Primarily focuses on stocks, neglecting other opportunities.
• Individualistic focus may reduce teamwork.

19. Startup Company (Top startup pick)

In this game, players are tasked with building and growing their tech startup, from hiring employees to developing new products and securing funding.

Why I like it: As someone who has been in startups, I can appreciate the attention to detail in this game.

Pros

• Contains real-world business obstacles like competition, providing practical learning.
• Students have to make strategic decisions on operations and product development.
• Learn insights into team management, hiring, and training.
• Immersive startup journey fosters entrepreneurial spirit.

Cons

• Simplified simulation may overlook business intricacies.
• Primarily focuses on startup challenges, neglecting broader concepts.
• Limited scalability may hinder the learning of advanced concepts.
• Gaming distractions may reduce focus on learning objectives.

20. Entrepreneur: The Beginning (Top old school pick)

In this game, players start their businesses and must navigate challenges such as competition, market fluctuations, and employee management.

Why I like it: This is a very general and old game. I included it in the picks for nostalgia.

Pros

• Encounter real-world business obstacles like competition.
• Make strategic decisions on operations, product development.
• Insights into team management, hiring, and training.
• Immersive startup journey fosters entrepreneurship.

Cons

• May overlook business intricacies.
• Primarily focuses on startup challenges, neglecting broader concepts.
• Limited scalability may hinder the learning of advanced concepts.
• Gaming distractions may reduce focus on learning.

21. Rise of Industry (Top industrial pick)

Players take on the role of a budding entrepreneur in the early 20th century, building and managing their industrial empire.

Why I like it: This game is really fun. However, it has a bit of a learning curve, and I am not sure how to incorporate it into my classes.

Pros

• Set in the early 20th century, insights into industrialization and economic development.
• Challenges players to build and manage industrial infrastructure.
• Teaches about supply chain management and production optimization.
• Encourages strategic decisions for growing industrial empire.

Cons

• It focuses on a specific historical period, potentially limiting relevance.
• The steep learning curve for inexperienced players.
• The lack of modern context may limit applicability to present-day entrepreneurship.
• Gaming distractions may reduce focus on learning.

22. Project Highrise (Top real estate pick)

This game challenges players to design and manage a skyscraper, making decisions on everything from tenant selection to building maintenance.

Why I like it: Real estate is an exciting thing to try out and play around with.

Pros

• Insights into urban planning and property management.
• Teaches real estate economics: property valuation and rental income.
• Challenges in facility management: building maintenance, tenant satisfaction.
• Allows creative skyscraper design, fostering architectural appreciation.

Cons

• Focuses on property management and skyscraper construction, potentially neglecting broader concepts.
• Lengthy sessions require significant time investment.
• Limited scalability may hinder learning beyond single skyscraper.
• Gaming distractions may reduce focus on learning.

23. Mad Games Tycoon (Top studio pick)

Players run their game development studio, managing everything from hiring staff to marketing their games to success.

Why I like it: Okay. Running a game development studio is a lot of fun but also a lot of work. I enjoyed all the challenges. I think students could learn a lot from the game.

Pros

• Experience the challenges and rewards of running a game development studio.
• Make critical decisions about game design, staffing, and expansion.
• Unleash creativity by designing and producing virtual games.

Cons

• Gaming distractions may overshadow learning objectives.
• Lengthy sessions require significant time investment.
• Lack of broader business context.

24. Merchant (Top historical pick)

In this game, players act like a medieval merchant, buying and selling goods to build a successful trading empire.

Why I like it: I liked how it took me back in time. It showcases almost the beginnings of trading and markets. The game might be good for an economic class.

Pros

• Set in a medieval setting, insights into historical trading practices.
• Teaches about supply and demand, pricing strategies, and market fluctuations.
• Challenges in navigating risks such as piracy and economic downturns.
• Opportunities for cultural exploration and understanding.

Cons

• It focuses on a specific historical period, potentially limiting relevance.
• May oversimplify aspects of medieval trade.
• A lack of modern context may limit applicability.
• Gaming distractions may reduce focus on learning.

25. Investopedia Simulator (Top real-world pick)

Investopedia offers a free stock market simulator that allows players to practice trading stocks, options, and other securities in a risk-free environment. It’s a great way to learn about investing and test out different strategies.

Why I like it: This game is fantastic for a personal finance class. It is a risk-free brokerage account, and they have this challenge where you can try to beat Warren Buffet.

Pros

• Realistic portrayal of the stock market, allowing practice in trading various securities.
• Risk-free environment for experimenting with investing strategies.
• Supplementary materials and tutorials for understanding investing concepts.
• Incorporates up-to-date market data for a dynamic investing experience.

Cons

26. MarketWatch Virtual Stock Exchange (Top investing pick)

MarketWatch’s virtual stock exchange game allows players to trade stocks, options, and mutual funds using real-time market data. Players can compete against friends or join public leagues to test their investing prowess.

Why I like it: I think this game would be great for a high school or collegiate class. It is another pick that would be fun, like a Fantasy football league.

Pros

Cons

• May oversimplify market dynamics and investment strategies.
• Emphasizes short-term trading over long-term principles.
• Primarily focuses on stocks, neglecting other investment opportunities.
• Gaming distractions may reduce focus.

27. Wealthbase (Top social pick)

Wealthbase is a social investing game that allows players to create virtual investment clubs with friends or join public leagues to compete against others. Players can trade stocks, ETFs, and cryptocurrencies to see who can build the most profitable portfolio.

Why I like it: I have always wondered if students could form finance or investing clubs in high school. Instead of trading $100 on a small brokerage and putting it all into meme stocks, I bet they could have fun doing group portfolio-building.

Pros

• Social investing with virtual clubs or public leagues fosters collaboration.
• Realistic portrayal of the stock market, trading stocks, ETFs, and cryptocurrencies.
• Provides educational resources for understanding investing concepts.
• The competitive element adds excitement to the learning experience.

Cons

• May oversimplify market dynamics and investment strategies.
• Emphasizes short-term trading over long-term principles.
• Primarily focuses on stocks, ETFs, and cryptocurrencies.
• Gaming distractions may reduce focus on learning objectives.

Interested in more innovation activities? Check out our recent review of some of the top innovation activities. 

FAQ: Business Games for Students

1. What are business games for students?

Business games for students are interactive simulations designed to mimic real-world business scenarios. They allow students to play the role of entrepreneurs, managers, or investors and make decisions that affect the success of their virtual ventures.

2. How do business games benefit students?

Business games offer numerous benefits for students. They provide hands-on experience in key business concepts such as decision-making, strategic planning, financial management, and teamwork. Additionally, these games encourage critical thinking, problem-solving, and creativity in a risk-free environment.

3. Are business games suitable for all ages and skill levels?

Many business games are designed to accommodate various age groups and skill levels. Some games offer simplified mechanics and tutorials for beginners, while others provide more complex simulations for advanced players. Educators can choose games that align with their students’ proficiency levels and learning objectives.

4. Can business games be integrated into the classroom curriculum?

Absolutely! Many educators incorporate business games into their curriculum to enhance learning outcomes. These games can be used as supplementary tools to reinforce classroom lessons in business studies, economics, finance, and entrepreneurship. They can also be used for group activities, projects, or competitions to promote student collaboration and engagement.

5. How can students access business games?

Business games are available on various platforms, including computers, tablets, and smartphones. Some games can be downloaded as apps from app stores, while others are accessible through web browsers. Additionally, educational institutions may have subscriptions to gaming platforms or provide access to specific games through their learning management systems.

6. Are there any costs associated with playing business games?

While some business games may require a one-time purchase or subscription fee, many educational versions are free or discounted for students and educators. Additionally, students can often access trial or limited-feature versions at no cost. Educators should explore different options to find games that fit their budget constraints.

7. How can educators ensure that business games align with learning objectives?

Before integrating business games into the curriculum, educators should evaluate the content and features of each game to ensure alignment with specific learning objectives and educational standards. They can also develop lesson plans, assignments, or assessments that complement the game experience and reinforce key concepts covered in the game.

8. Are there any student safety and privacy considerations when using business games?

Educators should prioritize student safety and privacy when using business games in the classroom. It’s essential to choose reputable games from trusted developers or educational platforms that comply with data protection regulations and provide secure access for students. Additionally, educators should establish clear guidelines for online interactions and monitor students’ usage to ensure a safe and positive learning environment.

9. How can students maximize the learning potential of business games?

To maximize the learning potential of business games, students should actively engage with the game’s features, experiment with different strategies, and reflect on their decisions and outcomes. They can also collaborate with peers, participate in discussions, and seek guidance from educators to deepen their understanding of business concepts and improve their gameplay skills.

Looking for more? Check out our list of easy entrepreneurial activities

The post Business Games to Try With Your Students appeared first on Due.

https://www.entrepreneur.com/finance/business-games-to-try-with-your-students/472339

The National Association of Realtors (NAR) will become the subject of a Justice Department case reopening that focuses on home sale commissions.

The U.S. Court of Appeals for the District of Columbia overturned a lower-court ruling from 2023 from the Justice Department’s request for more information from NAR. This decision gives the Justice Department the all-clear to investigate the matter further.

Justice Department to reopen case

The Justice Department has filed amicus briefs and statements of interest that the “United States enforces the federal antitrust laws and has a significant interest in preventing anticompetitive conduct in the real estate industry. Over the last two decades, the United States has investigated and challenged various rules and practices of the National Association of Realtors (“NAR”) and regional multiple listing services.”

This case reopening is another major body blow for the NAR after the most powerful housing realtor group agreed to pay nearly half a billion in a March 15 settlement agreement.

The NAR will be reeling from the settlement that “is subject to court approval, makes clear that NAR continues to deny any wrongdoing in connection with the Multiple Listing Service (MLS) cooperative compensation model rule (MLS Model Rule) that was introduced in the 1990s in response to calls from consumer protection advocates for buyer representation. Under the terms of the agreement, NAR would pay $418 million over approximately four years.”

Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division would comment on the DC court decision. He said that “real-estate commissions in the United States greatly exceed those in any other developed economy, and this decision restores the Antitrust Division’s ability to investigate potentially unlawful conduct by NAR that may be contributing to this problem.”

“The Antitrust Division is committed to fighting to lower the cost of buying and selling a home. I would like to commend the staff of the Antitrust Division and our colleagues in the department for achieving this important result.”

Interim CEO of NAR, Nykia Wright said “NAR is focused firmly on the future and on leading this industry forward. We are committed to innovation and defining the next steps that will allow us to continue providing unmatched value to members and American consumers.”

The NAR will be hoping that the findings of the Justice Department will be above board and will not add to the recent fines that the entity has received as part of federal pressure on the real estate group.

Image: Ideogram.

The post National Association of Realtors anti-trust case to be reopened appeared first on Due.

https://www.entrepreneur.com/finance/national-association-of-realtors-anti-trust-case-to-be/472323

A United States District Court has found that Terraform Labs and the company co-founder, Do Kwon, defrauded investors in crypto asset securities.

In a post published by the Securities and Exchange Committee’s (SEC) Division of Enforcement, the Southern District of New York’s District Court reached the decision after a nine-day trial.

Terraform defrauds crypto investors

Terraform Labs PTE Ltd and co-founder Do Kwon were found liable via a jury verdict after a saga lasting more than two years reached a decision.

The original subpoenas for Kwon and the company were filed by the SEC on June 9, 2022, and asked for “documents from Terraform and Kwon, as well as testimony from Kwon, were served as part of an SEC investigation into whether Kwon and Terraform violated federal securities laws in their participation in the creation, promotion, and offer to sell various digital assets related to the “Mirror Protocol,” a blockchain technology.”

The original complaint filed by the SEC on February 28, 2023, stated that Kwon and Terraform had sold crypto assets from 2018 to 2022 in unregistered transactions and would perpetrate a fraudulent scheme that would lead to a loss of $40 billion in market value to retailers and investors.

With the matter now drawing to a conclusion the SEC’s Division of Enforcement Director Gurbir S. Grewal said:

“We are pleased with today’s jury verdict holding Terraform Labs and Do Kwon liable for a massive crypto fraud. Terraform Labs and Kwon, its former CEO, deceived investors about the stability of the crypto asset security and so-called algorithmic stablecoin Terra USD, and they further misled investors about whether a popular payment application used Terraform’s blockchain to process and settle payments.”

The decision to hold Kwon and the company accountable comes after the market crash in the cryptocurrency known as TerraUSD (UST). This cryptocurrency was known as a “stablecoin”, these types of crypto will use an asset or a currency to tether their worth. This is known as a “peg”.

The crash that TerraUSD was a part of would also see Sam Bankman-Fried and the cryptocurrency FTX fizzle out and burn investors for billions of dollars, as we reported earlier this month.

Director Grewal would conclude that Terraform “caused devastating losses for investors and wiped out tens of billions of market value nearly overnight. For all of crypto’s promises, the lack of registration and compliance have very real consequences for real people. As the hard work of our team shows, we will continue to use the tools at our disposal to protect the investing public, but it is high time for the crypto markets to come into compliance.”

This landmark ruling is tethered to the fate of FTX and Bankman-Fried, but may also serve as a watershed moment in the case to reform cryptocurrency as a whole and secure the investments of American investors.

Image: Ideogram.

The post U.S court finds Terraform Labs guilty of defrauding crypto investors appeared first on Due.

https://www.entrepreneur.com/finance/us-court-finds-terraform-labs-guilty-of-defrauding-crypto/472322

The song “London Bridge is Falling Down” is a traditional nursery rhyme that has been sung by children for centuries. Its origins are shrouded in mystery, with some theories suggesting it dates back to the Middle Ages. Despite its seemingly simple lyrics, the song carries a rich historical significance and cultural impact that transcends generations and geographical boundaries. How can you use this song and the sentiment surrounding the music and lyrics to help you transcend your own limits? You can change your boundaries or limits, whether they are physical, mental, or even financial boundaries.

Delving into the historical background

The song’s title, “London Bridge is Falling Down,” refers to the iconic London Bridge, a central landmark in the city of London. The bridge has a long and storied history, dating back to Roman times. Over the centuries, the bridge has been rebuilt multiple times for various reasons, including fires, wars, and natural disasters. This constant cycle of destruction and reconstruction is believed to inspire the song’s lyrics.

The first recorded version of the song dates back to the 17th century, but it is believed to be much older. The song’s melody and lyrics have evolved over time, reflecting the changing cultural and historical contexts. Despite these changes, the central theme of the bridge’s destruction and subsequent rebuilding has remained consistent.

Unpacking the cultural significance

“London Bridge is Falling Down,” is more than just a nursery rhyme; it is a cultural artifact that reflects the history and spirit of London. The song’s lyrics, while seemingly simple, carry a deeper meaning. They speak to the city’s and its people’s resilience, who have faced numerous challenges and adversities over the centuries yet have always managed to rebuild and persevere.

The song has also played a significant role in popular culture. It has been featured in numerous films, television shows, and books, often used to evoke a sense of nostalgia or to symbolize the passage of time. The song’s universal appeal and timeless quality have ensured its enduring popularity.

Exploring interpretations and theories

Numerous interpretations and theories surround the song “London Bridge is Falling Down.” Some believe the song is a metaphor for the cycle of life and death, with the falling bridge symbolizing the inevitability of decay and the rebuilding representing renewal and rebirth.

Others suggest the song originated from a pagan ritual or a medieval game. According to one theory, the song is linked to the ancient belief in the sacrificial foundation, where a human sacrifice was buried at the base of a new building to ensure its stability and longevity.

Wrapping up the story

“London Bridge is Falling Down,” is a fascinating piece of cultural history. Its simple lyrics and catchy melody have made it a favorite among children for centuries. Yet, beneath its simplicity lies a rich tapestry of history and symbolism. The song serves as a reminder of London’s resilience and the enduring spirit of its people. It is a testament to the city’s ability to withstand the test of time, to rebuild and rise from the ashes, much like the iconic bridge it celebrates.

---

Frequently Asked Questions

Q. What is the historical background of the song “London Bridge is Falling Down”?

The song’s title, “London Bridge is Falling Down,” refers to the iconic London Bridge, a central landmark in the city of London. The bridge has a long and storied history, dating back to Roman times. Over the centuries, the bridge has been rebuilt multiple times for various reasons, including fires, wars, and natural disasters. This constant cycle of destruction and reconstruction is believed to inspire the song’s lyrics. The first recorded version of the song dates back to the 17th century, but it is considered to be much older.

Q. What is the cultural significance of the song?

London Bridge is Falling Down” is more than just a nursery rhyme; it is a cultural artifact that reflects the history and spirit of London. The song’s lyrics, while seemingly simple, carry a deeper meaning. They speak to the resilience of the city and its people, who have faced numerous challenges and adversities over the centuries yet have always managed to rebuild and persevere. The song has also played a significant role in popular culture and has been featured in numerous films, television shows, and books.

Q. Are there any interpretations or theories about the song?

There are numerous interpretations and theories surrounding the song “London Bridge is Falling Down.” Some believe the song is a metaphor for the cycle of life and death, with the falling bridge symbolizing the inevitability of decay and the rebuilding representing renewal and rebirth. Others suggest that the song originated from a pagan ritual or a medieval game. According to one theory, the song is linked to the ancient belief in the sacrificial foundation, where a human sacrifice was buried at the base of a new building to ensure its stability and longevity.

Q. What is the overall message of the song?

“London Bridge is Falling Down” serves as a reminder of London’s resilience and the enduring spirit of its people. It is a testament to the city’s ability to withstand the test of time, to rebuild and rise from the ashes, much like the iconic bridge it celebrates.

The post Unraveling ‘London Bridge is Falling Down’ appeared first on Due.

https://www.entrepreneur.com/finance/unraveling-london-bridge-is-falling-down/472318

In the pursuit of understanding and alleviating human suffering, we often journey inward into the labyrinth of the human mind. The source of suffering isn’t found in the world around us but within our own mental landscape. The solution isn’t about controlling every aspect of our external environment but about gaining mastery over our internal thoughts and emotions. This is where the practice of meditation becomes a powerful tool.

Understanding the mind-identified state

Whether you are an entrepreneur or slugging it out in a startup, most people exist in a state known as ‘mind-identification.’ This means they identify with their thoughts, allowing them to be led down various rabbit holes that result in a plethora of negative emotions such as depression, anxiety, anger, frustration, and, ultimately, suffering.

In your business world — and your home world — you will want to take charge of your mind-identified state.

The mind-identified state is a condition where one’s sense of self is entwined with one’s thoughts and emotions. This state of existence can lead to a perpetual cycle of negative emotions and suffering as individuals react not only to their external environment but also to the internal dialogue in their minds.

The art of meditation

Meditation is a practice that enables individuals to create distance from their thoughts, thereby reducing the influence of these thoughts on their emotional state. It’s a method of training the mind to observe thoughts without becoming trapped in them.

Meditation isn’t about silencing the mind or eliminating thoughts. Instead, it’s about learning to observe thoughts as they arise without identifying with them or following them down the rabbit holes that lead to negative emotions and suffering.

Through regular meditation, individuals can learn to become observers of their thoughts rather than participants. This shift in perspective allows for a greater sense of peace and tranquility, regardless of the external circumstances or the nature of the thoughts that arise.

The benefits of meditation

By practicing meditation, individuals can learn to control their reactions to thoughts in their minds. This can significantly reduce suffering, as individuals are no longer at the mercy of their thoughts and emotions.

Meditation allows individuals to sit in perfect peace, regardless of what is happening in their external environment or minds. This peace comes not from a lack of reaction to the external world but from a lack of response to the internal dialogue in the mind.

Through meditation, individuals can learn to observe their thoughts without judgment or identification, freeing them from the cycle of suffering caused by mind-identification.

Conclusion

In conclusion, the key to alleviating suffering lies not in controlling the external world but in mastering control over our internal thoughts and emotions. Through meditation, individuals can learn to observe their thoughts without identification, leading to a greater sense of peace and a significant reduction in suffering.

While the journey to mastering the mind through meditation may be challenging, the rewards are immeasurable. By gaining control over our internal dialogue, we can free ourselves from the cycle of suffering and live in a state of peace, regardless of our external circumstances.

The power of meditation lies in its ability to transform our relationship with our thoughts, allowing us to become observers rather than participants in our internal dialogue. This shift in perspective is the key to alleviating suffering and achieving lasting peace and tranquility.

---

Frequently Asked Questions

Q. What is the mind-identified state?

The mind-identified state is a condition where one’s sense of self is entwined with one’s thoughts and emotions. This state of existence can lead to a perpetual cycle of negative emotions and suffering as individuals react not only to their external environment but also to the internal dialogue in their minds.

Q. What is the purpose of meditation?

Meditation is a practice that enables individuals to create distance from their thoughts, thereby reducing the influence of these thoughts on their emotional state. It’s training the mind to observe thoughts without becoming entangled in them. It’s not about silencing the mind or eliminating thoughts but about learning to observe thoughts as they arise, without identifying with them or following them down the rabbit holes that lead to negative emotions and suffering.

Q. What are the benefits of meditation?

By practicing meditation, individuals can learn to control their reactions to thoughts in their minds. This can significantly reduce suffering, as individuals are no longer at the mercy of their thoughts and emotions. Meditation allows individuals to sit in perfect peace, regardless of what is happening in their external environment or minds. This peace comes not from a lack of reaction to the external world but from a lack of reaction to the internal dialogue in the mind.

Q. How does meditation help alleviate suffering?

Through meditation, individuals can learn to observe their thoughts without judgment or identification, freeing them from the cycle of suffering caused by mind-identification. The key to alleviating suffering lies not in controlling the external world but in mastering control over our internal thoughts and emotions. By gaining control over our internal dialogue, we can free ourselves from the cycle of suffering and live more peacefully with ourselves — regardless of our external circumstances.

The post Meditation: Mastering Mind for Inner Peace appeared first on Due.

https://www.entrepreneur.com/finance/meditation-mastering-mind-for-inner-peace/472319

The engineers at Tesla are seeing their salaries increase after Elon Musk claimed that companies like Meta are trying to poach their top talent.

Musk is also in the market for engineers to join his artificial intelligence (AI) startup xAI. He recently snapped up Ethan Knight from Tesla. Musk said “Ethan was going to join OpenAI, so it was either xAI or them. They (Musk’s market rivals) have been aggressively recruiting Tesla engineers with massive compensation offers and have unfortunately been successful in a few cases.”

The billionaire who ranked in the Top 10 of the Forbes Rich List rankings would make the comments on X (Formerly Twitter) when responding to a question about staff pay:

Is Tesla matching these compensation offers? Or is it more than these employees just want to switch things up, so matching wouldn’t matter?

— Sawyer Merritt (@SawyerMerritt) April 3, 2024

The AI Recruitment War

The top talent in the artificial intelligence market is at the center of a tug-of-war for their services. These industry-leading services have shown that they will leave no stone unturned to ensure they capture the services of the most skilled at any price.

Musk would refer to the battle for staff to take on AI responsibilities and development as the most competitive in his professional experience. He stated that the “talent war for AI is the craziest talent war I’ve ever seen.”

Mark Zuckerberg leads the Meta recruitment drive personally and according to a report by The Information, he reached out to two prospective AI specialists from Google Deepmind.

The report stated that the two undisclosed individuals were contacted to join him at Meta to continue the company’s investment in artificial intelligence and research.

Meta has also reportedly been breaking their golden rule of salary caps to entice individuals that they believe can give them the edge in the competition to have the most sought-after AI.

The news outlet has also reported that Google cofounder Sergey Brin picked up the phone to dissuade top talent from leaving for OpenAI. This shows those at the top of the digital perch are not too proud to make an effort to retain these highly talented individuals.

2024 will see artificial intelligence take center stage, so we will be seeing a host of sagas involving computer chips and the top talent that can get the best out of the technology as the year rumbles on.

The post Elon Musk: Tesla salaries are increasing to fend off rivals poaching staff appeared first on Due.

https://www.entrepreneur.com/finance/elon-musk-tesla-salaries-are-increasing-to-fend-off-rivals/472238