Paul Mampilly is another one of the investment advice columnists at Banyan Hill Publishing Company. He has had a rather illustrious career and is well known for the investment advice column articles that he produces. He has been described as one of the most influential forces in the finance world. He has worked in a number of different institutions and has even managed a hedge fund that was worth greater than $6 billion. He has been recognized for the result of his work by receiving a reward from the Templeton Foundation. He received this award during the financial crisis of 2008 which is a true testament to his leadership ability.
Paul Mampilly has recently published an article where he goes over some of his beliefs for the fourth quarter of this year. As it nears the holiday season there are many people who are looking for new investment opportunities. Paul Mampilly believes that the holiday season this year will be very generous for investors that have invested wisely. Paul Mampilly believes that as more people begin to do their shopping online especially during the holiday season it would be wise to move your investments away from traditional brick-and-mortar retail stores and into stocks that are associated with online shopping such as Amazon.
Paul Mampilly has stated that the growing concerns over the trade war that has been initiated under the Trump administration between the United States of America and China should not affect the stocks in America until at least after the holiday season. He states that the reason for this is that unemployment is continuing to fall and there are a number of retail stores that have been increasing the wages for their workers which will lead to an increased demand for goods as people have more money to spend. While the growing tension between the United States of America and China may prove to lead to a correction he does not believe that this will affect consumers before the end of this year’s holiday season.
Shervin Pishevar identifies Facebook as one of the 5 monopolies stifling economic growth. All are US companies. America has been considered the land of opportunity. Unfortunately, the world changed to where a few corporations exert significant control over its resources. Opportunities still exist, but global monopolies threaten the future of opportunity. Shervin Pishevar recognizes this.
Facebook is a true behemoth. Only such a large corporation could have crossed privacy lines with such magnitude as to echo throughout the world. Both the US and Europe are examining Facebook’s handling of private information.
The influence of monopolies extend beyond their business operations. This a primary reason why they have, at least, a certain amount of social responsibility. Facebook’s lackadaisical attitude toward sharing private information is more significant than most people consider. If not properly dealt with, it could set a precedent that finds Twitter and other social media platforms dismissing the rights of individuals who trust their information to these entities.
Since these social media giants influence global culture, privacy infringement could spread quickly. It is unknown what the lack of privacy and ownership of personal information would mean for the world, but there is a historical context to draw from. The United States Constitution acknowledges how important privacy is to a free economy. The nation grew strong, in part, because of this liberty. If the right to privacy and private property were suddenly revoked, there would be an uproar on a global scale.
The abysmal handling of private information by Facebook did not reach the level that Shervin Pishevarwarns of. At least not yet. Social media is a global phenomenon. Its impact on modern culture is as integral as any pattern of behavior in existence today. Monopolistic influence on social media is a very important issue, even when privacy is protected. Similar to advertising on television, it has the potential to shape the thoughts of the masses. Social media platforms are supposed to empower individuals who have experiences to share. However, as Shervin Pishevar points out, a few in charge of this system can contradict the original intent.