District

FTC Acts to Stop Online Business Coaching Scheme Lurn From Deceiving Consumers About Money-Making Potential

Retrieved on: 
Thursday, September 28, 2023

The Federal Trade Commission is taking action to stop Lurn, a Maryland-based online business coaching seller, from making unfounded claims that consumers can make significant income by starting an array of online businesses.

Key Points: 
  • The Federal Trade Commission is taking action to stop Lurn, a Maryland-based online business coaching seller, from making unfounded claims that consumers can make significant income by starting an array of online businesses.
  • The FTC alleges that defendants’ marketing claims violated the FTC Act and the agency’s Telemarketing Sales Rule.
  • According to the complaint, thousands of consumers purchased tens of millions of dollars in programs from Lurn.
  • The proposed settlement orders, which were agreed to by the defendants in the case, contain several requirements, including:


In addition, the orders against Lurn and Singal include provisions requiring them to:

  • If they are found to have lied to the FTC about their financial status, the full judgment would be immediately payable.
  • The Commission vote authorizing the staff to file the complaint and stipulated final order was 3-0.
  • The FTC filed the complaint and final order in the U.S. District Court for the District of Maryland.

A solution to America's K-12 STEM teacher shortage: Endowed chairs

Retrieved on: 
Thursday, September 28, 2023

In the 2017-2018 school year, approximately 100,000 teacher jobs in STEM – or science, technology, engineering and mathematics – went unfilled at the high school level.

Key Points: 
  • In the 2017-2018 school year, approximately 100,000 teacher jobs in STEM – or science, technology, engineering and mathematics – went unfilled at the high school level.
  • At the middle school level, there were about 150,000 unfilled STEM educator jobs.
  • As a professor of education policy – and also as a former state secretary of education in Virginia – I have examined the STEM teacher shortage from multiple vantage points.
  • We think endowed chairs have the potential to retain and attract more STEM educators at the K-12 level, but it requires a willingness to rethink the ways that schools employ STEM educators.

What’s behind the gap?

    • There are fewer college students graduating with a bachelor’s degree in education that ever before.
    • Between 1959-1976, bachelor’s degrees in education were the most popular college major in the United States, and they accounted for about 20% of all degrees.
    • In 2021, K-12 teachers’ weekly salary was only $1,348 – about $660 less than the $2,009 earned weekly by other college graduates.

Prior efforts to close the gap

    • The Senate and House passed the National Defense Education Act of 1958, and Eisenhower signed it into law on Sept. 2, 1958.
    • This set in motion a national STEM education agenda for American colleges and K-12 schools for decades to come.
    • Fifty-three years later, President Barack Obama utilized his 2011 State of the Union address to advance the national STEM agenda.
    • But the goal of the 100,000 STEM teacher campaign was to narrow the gap, not end it.

The endowed chair as a potential solution

    • Traditionally, an endowed chair is a prestigious faculty position funded through annual spending from a university’s endowment fund.
    • The benefit of an endowed chair is that it will be paid for decades to come by the interest on investment.
    • An endowed chair could also provide funding for teachers and students to have access to state-of-the-art learning technology.
    • An endowed STEM chair salary may never outpace what educators could earn if they entered the private market.

RagingBull.com Stock Trading “Guru” Kyle Dennis Faces Permanent Injunction as Result of FTC Action

Retrieved on: 
Wednesday, September 27, 2023

The FTC brought its complaint against Dennis, along with RagingBull.com and its owners, in December 2020.

Key Points: 
  • The FTC brought its complaint against Dennis, along with RagingBull.com and its owners, in December 2020.
  • The FTC’s complaint charged that Dennis pocketed more than $13.6 million personally from the scheme.
  • If he is found to have violated the order, Dennis would be subject to additional enforcement action by the FTC, which could include substantial civil penalties.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

Online Shoe Seller Hey Dude, Inc. to Pay $1.95 Million for Violating FTC’s Mail, Internet, and Telephone Order Rule and Suppressing Negative Consumer Reviews

Retrieved on: 
Wednesday, September 27, 2023

“As this case makes clear, when retailers publish consumer reviews online, they cannot suppress negative reviews to paint a deceptive picture of the consumer experience.

Key Points: 
  • “As this case makes clear, when retailers publish consumer reviews online, they cannot suppress negative reviews to paint a deceptive picture of the consumer experience.
  • Hey Dude violated the FTC Act by suppressing negative consumer reviews of its merchandise, according to the complaint.
  • According to the FTC, Hey Dude started publishing all consumer reviews only after finding out it was under investigation by the Commission.
  • First, the proposed court order will bar Hey Dude from future violations of the Mail Order Rule.

Traditional downtowns are dead or dying in many US cities − what's next for these zones?

Retrieved on: 
Monday, September 25, 2023

Major retail chains are closing stores, and even prestigious properties are having a hard time retaining tenants.

Key Points: 
  • Major retail chains are closing stores, and even prestigious properties are having a hard time retaining tenants.
  • The shuttering of a Whole Foods market after only a year in downtown San Francisco in May 2023 received widespread coverage.
  • Over more than 50 years of researching urban policy, I have watched U.S. cities go through many booms and busts.
  • In my view, traditional downtowns are dead, dying or on life support across the U.S. and elsewhere.

Decades of overbuilding

    • Today’s overhang of excess commercial space was years in the making.
    • When the economy is booming, individual developers decide to build more – and the collective result of these rational individual decisions is excess buildings.
    • In the 1980s, the Reagan administration allowed a quicker depreciation of commercial real estate that effectively lowered tax rates for developers.

The pandemic push

    • During pandemic lockdowns, many people worked from home and became comfortable with virtual meetings.
    • A range of businesses, including restaurants, retail stores and services, rely on downtown office workers.
    • At least 17% of all leisure and hospitality sector jobs are in the downtowns of the 100 largest U.S. cities.
    • Now, with nearly 150,000 fewer office workers commuting downtown, about 33,000 people in the service and retail sectors have lost their jobs.

Terminal decline?

    • The District of Columbia government projects that city revenues will decline by US$81 million in fiscal year 2024, $183 million in 2025 and $200 million in 2026.
    • Washington’s Metropolitan Transit Authority faces a $750 million shortfall because of a sharp decline in ridership.
    • Now, traditional downtowns may be in similar terminal decline.

Repurposing office space

    • Other options include converting commercial space into residences or more specialized applications such as biotech labs.
    • Many office buildings have large internal floor spaces that makes it expensive to divide them into individual residential units that all receive outdoor light.
    • The nation no longer needs so much office space.
    • The downtown filled with acres of banal office blocks, with accompanying ground-level retail stores and shopping malls, is a relic of the 20th century.

Space junk in Earth orbit and on the Moon will increase with future missions − but nobody's in charge of cleaning it up

Retrieved on: 
Thursday, August 31, 2023

In August 2023, Russia’s Luna-25 probe crashed into the Moon’s surface, while India’s Chandrayann-3 mission successfully landed in the southern polar region, making India the fourth country to land on the Moon.

Key Points: 
  • In August 2023, Russia’s Luna-25 probe crashed into the Moon’s surface, while India’s Chandrayann-3 mission successfully landed in the southern polar region, making India the fourth country to land on the Moon.
  • I’m a professor of astronomy who has written a book about the future of space travel, articles about our future off-Earth, conflict in space, space congestion and the ethics of space exploration.

Space is getting crowded

    • People think of space as vast and empty, but the near-Earth environment is starting to get crowded.
    • Near-Earth orbit is even more congested than the space between Earth and the Moon.
    • “It’s going to be like an interstate highway, at rush hour in a snowstorm, with everyone driving much too fast,” space launch expert Johnathan McDowell told Space.com.

The problem of space junk

    • Humans have left a lot of junk on the Moon, including spacecraft remains like rocket boosters from over 50 crashed landings, nearly 100 bags of human waste and miscellaneous objects like a feather, golf balls and boots.
    • Since no one owns the Moon, no one is responsible for keeping it clean and tidy.
    • Tiny pieces of junk might not seem like a big issue, but that debris is moving at 15,000 mph (24,140 kph), 10 times faster than a bullet.

Nobody is in charge up there

    • But the treaty is mute about companies and individuals, and it says nothing about how space resources can and can’t be used.
    • The United Nations Moon Agreement of 1979 held that the Moon and its natural resources are the common heritage of humanity.
    • The author and his research collaborators argued that U.S. environmental regulations should apply to the licensing of space launches.
    • NASA has created and signed the Artemis Accords, broad but nonbinding principles for cooperating peacefully in space.
    • Private companies are not party to the accords either, and some space entrepreneurs have deep pockets and big ambitions.

Gran Turismo: why this glorified advert fails where Barbie succeeded

Retrieved on: 
Friday, August 11, 2023

As he joins the Gran Turismo (GT) academy, Jann goes through exactly the sorts of setbacks and near-misses you might expect.

Key Points: 
  • As he joins the Gran Turismo (GT) academy, Jann goes through exactly the sorts of setbacks and near-misses you might expect.
  • But so long as toys and video games continue make big money, this trend of movie tie-ins like Gran Turismo is only going to continue.
  • The Barbie movie’s success speaks to its strong writing, A-list stars and handling of wider themes.
  • Gran Turismo lacks the substance and depth that have made its doll-themed counterpart so popular.

Gran Tourismo: why this glorified advert fails where Barbie succeeded

Retrieved on: 
Friday, August 11, 2023

As he joins the Gran Turismo (GT) academy, Jann goes through exactly the sorts of setbacks and near-misses you might expect.

Key Points: 
  • As he joins the Gran Turismo (GT) academy, Jann goes through exactly the sorts of setbacks and near-misses you might expect.
  • But so long as toys and video games continue make big money, this trend of movie tie-ins like Gran Turismo is only going to continue.
  • The Barbie movie’s success speaks to its strong writing, A-list stars and handling of wider themes.
  • Gran Turismo lacks the substance and depth that have made its doll-themed counterpart so popular.

Older 'sandwich generation' Californians spent more time with parents and less with grandkids after paid family leave law took effect

Retrieved on: 
Tuesday, August 8, 2023

The big idea

Key Points: 
  • The big idea
    A California law that mandates paid family leave has led to adults in their 50s, 60s and 70s spending more time taking care of their parents and less time being their grandkids’ caregivers.
  • The effect was most striking for people with newborn grandchildren and parents in need of help, but the law also benefited Californians with older grandchildren and those who don’t have parents requiring their assistance.
  • It enabled older adults to take paid leave to care for relatives with medical needs and it reduced the need for older adults to care for their grandchildren by granting paid parental leave to these children’s parents.
  • Why it matters
    The U.S. is the only wealthy country that doesn’t require employers to provide paid family leave.