CME Group (CME): Futures Exchange Company from Chicago, IL
Beta: 0.82, this beta is fairly low for a company in the financial sector, being 18% less volatile than the stock market. However, when compared to similar companies such as Intercontinental Exchange (ICE), this beta isn’t abnormal.
P/E: 27.52, this is a high P/E ratio for a financial company. Competitors such as Goldman Sachs (GS) and ICE have P/E ratios of 15.80 and 23.31 respectively. (more…)
This past week, the market price of Mylan (MYL) fell 14% from $50 to $43. The price did not fall because of quarterly earnings being down but rather because of corruption within the company. This caused (more…)
I got this book after seeing someone I follow on Instagram posted a positive review about it. I then went on Amazon and saw all the 5 star reviews on there. This gave me rather high expectations for the book, (more…)
Pokémon is one of the most successful video game franchises ever created. Games have been made for an array of video game consoles such as the GameCube, Wii and Wii U as well as for portable consoles including every evolution of the Game Boy and DS. (more…)
When it comes to books on investing, Rich Dad Poor Dad is one of the most renowned titles out there. Written by Robert T. Kiyosaki in 1997, this work includes several timeless investment practices and strategies. (more…)
For those who are unaware, this Thursday the 23rd of June, the United Kingdom is having a referendum on whether they should stay in the European Union or leave it. Thus coining the term “Brexit” or “British Exit.” (more…)
The laws that are enacted to prevent discrimination have historically been effective in helping make the American workplace a cheerful and safe environment. One law in particular that is significant is the Americans with Disabilities Act of 1990. This act prevents the discrimination of hiring an individual who meets the job qualifications yet has a disability.
Fundamentally, I think this is one of the best anti-discrimination laws since it allows individuals with disabilities to participate in society which is mutually beneficial to the individual and the economy. However, this act is being used in conjunction with another law and the turnout isn’t too reassuring.
According to section 14 ( c )of the Fair Labor Standards Act of 1938, employers are allowed to receive a certificate which enables them to pay disabled workers below minimum wage. The pay they receive is based on what percentage of the job the employers believes the employee can complete when compared to what the employer expects of the employee.
For example, John Doe works a minimum wage job at a clothing company and he is expected to have the ability to fold 100 shirts an hour. However, due to a disability he can only fold 75 shirts an hour, his employer can justify paying him 75% of the minimum wage because of this.
This act was created in the 1930’s with the intention of allowing more people with disabilities to have the opportunity to work. Evidently, times have changed and for better or for worse, 2016 is a scarce resemblance of the 1930’s.
In today’s world, companies such as Goodwill are taking advantage of this act and are legally paying disabled employees cents on the dollar per hour. This is an unethical loophole that is over 80 years old and needs fixed in order to create a truly non-discriminatory work environment.
On top of this, CEO of Goodwill Jim Gibbons makes well over $500,000 per year for running a not-for-profit entity. But in Goodwill’s defense, they claim they offer a health and wellness benefit program to eligible employees.
Regardless, a person who is disabled or not that satisfactory fulfills the requirements of the job at hand should get paid the standard wage for working that particular job.