1. Regulatory changes
Because of the recent "outbreak" of illnesses contributed to vaping of collapsed lungs and so on the state of New York has just recently banned the sale and distribution of all flavored vape products. This mostly targets the youth demographic who are getting into vaping at a young age when it's supposed to be used as a tool for cigarette smokers to stop smoking. The nicotine in these products are getting kids addicted and with the flavors such as fruits and mint it taste good to kids so they start using these products and can't stop till something drastic happens to them such as a hospitalization. This effects the people who are truly trying to stop smoking in the first place and replacing the tobacco flavor with something such as mint.
https://time.com/5679762/ban-flavored-e-cigs-vape-new-york/
The strike that general motors is facing is alarming for all of Americans that are looking to purchase a car in America soon. This is coming after the union that represents these workers couldn't come to a contract agreement and these workers are striking to receive more pay. This directly affects consumers because lack of workers means lack of car production. Also the workers are striking because GM has been hiring temporary workers instead of full time employees so the company doesn't have to shell out the funds for benefits saving the company money but not allowing for workers to get jobs with these benefits they offer.
https://www.usatoday.com/story/news/nation/2019/09/19/gm-strike-uaw-health-care-general-motors-news-contract-update/2369041001/
2. Economic changes
Sports betting around the US has been a major talk recently. With states such as New Jersey joining Nevada legalizing sports betting, states are looking to legalize it for an added revenue to the state. But Florida governor recently placing long shot odds on this idea it's worrisome for people who want to enjoy the trill of betting on things they already watch. Also the legalizing of sports betting would take away the company's that participate in owning offshore sports betting books and websites that scam customers. It would be a win win situation with each state and it's population having sports betting legalized.
https://www.tampabay.com/florida-politics/2019/04/23/desantis-places-long-odds-on-florida-sports-betting-deal/
The world is a small place and everything is connected in today's economy. The recent attacks to Saudi oil facilities are rising gas prices in America and could keep rising to up to 25 cents per gallon. It would only be a short term increase but still an increase is an increase and it's always a worry when something like this happens. With US oil producing more oil than it did even a few years ago, it's keeping this situation down to a short term scare. With effecting the American gas prices since Saudi Arabia is the world leader in oil producing 6% of the worlds oil the entire world has been affected by these attacks.
https://time.com/5679719/gas-prices-saudi-oil-attack/
Great take on sports betting. I still think that it will be a long time before sports betting is widely available outside of New Jersey and Nevada. Once implemented though, I think it will be really interesting. The ability to bet on a play by play basis has the chance to be very lucrative. I can’t imagine setting the lines for a play by play betting though.
ReplyDeleteGambling in Florida is legal, however there are certain regulations on it. I remember around a year ago there was talk of finally making betting on dog racing illegal but I do not remember if anything came of it. I do know that you can bet on horse races at OBS in Ocala though, and my friend has made almost six thousand dollars off of it. As for the GM strike, I side with the company on this issue. If they are able to hire more people as part time to save money on producing cars, which would make them cheaper, I am all for it.
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