Jürgen Kloppstein 16, Sep 4 mins
4 mins
The Ritz Herald
PHOTO FILE: Jordan Karp (CREDIT: Jose Rivero)
Where will you go next? Australia? Peru? India? Antigonish?

My Instagram feed was inundated with big smiles, breathtaking views, and pinkies up. It was impossible to avoid. What was this? How were these folks on trips of a lifetime, visiting destinations that once seemed impossible? It is possible, but how?

Enter Jared Rosenberg: scholar, traveler, social media savant, and Pinkypreneur™. The traveling world needed a man with vision, virility, and a willingness to put the archaic ways of other travel agents behind. Alas, Jared Rosenberg, chief executive and founder of Pinky Up Travel, is turning the travel world upside down. Like the immaculate conception, no one really knows how Pinky Up Travel came to be. Just that it is here to stay. If you ask the man some call the “Emperor of Travel,” he may say the epiphany came to him whilst sailing near the Gold Coast of Australia, or perhaps deep in the jungles of Borneo.

Regardless of the context surrounding the genesis of Mr. Rosenberg’s travel movement, the mission remains consistent: affordability, sustainability, and respect for indigenous populations. Through his travels to over 100 countries, he has become an expert in the industry.

His number one priority has always been providing his clientele the best experience at the best price (the company slogan is “Save Money Travel Better,” after all). What sets Mr. Rosenberg apart is the personal relationships he has cultivated across the globe, which provide his clients with unparalleled prices and experiences. He works around the clock to maintain relationships that transcend international borders, space, and time. Like the Tesla of travel agents, Pinky Up Travel clients obtain deals straight from the source. In fact,…




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Finance Leaders Report Technology Skills Most Difficult To Find When Hiring
The Ritz Herald

As digital transformation reshapes businesses, organizations seek technological proficiency across a range of financial roles. Companies, however, struggle to find professionals with this expertise, new research from staffing firm Robert Half Finance & Accounting shows. In the survey, CFOs reported that technology experience and aptitude are the most difficult…

How To Build A Perfect Team Of Freelancers: Interview With Ewelina Kołoda
The Ritz Herald

Erich Rüthers: Hello Ewelina, it is a pleasure for us that you accepted our invitation, even though we all know that it is not easy to find a gap in schedule being as busy person as you are.

Ewelina Kołoda: Hello, thank you very much for choosing me, it’s an…

MX Signs Four-year Sponsorship of Patriot Boot Camp, Helping Veteran Communities Build Businesses
The Ritz Herald

MX, the leading data platform for banks, credit unions, and fintechs, has signed a four-year sponsorship of Patriot Boot Camp. MX will also be hosting the next bootcamp August 23-25 at MX headquarters in Lehi, Utah – helping transitioning members of the military, veterans and…

Home Values Reach Highest Point Since January 2007, While Owner Perceptions Continue to Improve
The Ritz Herald

The average home appraisal in July came in an average of 0.63% lower than owners’ estimates, according to Quicken Loans’ National Home Price Perceptions Index (HPPI). This is the third consecutive month of a tightening gap between the two data points, showing that owners are becoming more in tune…

Top 10 Influential News Sites In Crypto – 2019 Readers’ List
The Ritz Herald

The following is the list of people with a great deal of interest and influence over the crypto world scene in 2019. If you are searching for Whales (big players that show their hand in the Bitcoin market), we have rated them on a scale of 1 to 10,…

6 mins
PHOTO CREDIT: Frederic J. Brown via Getty Images
The Ritz Herald
Many cities and regions still struggle to meet air quality standards set by the Environmental Protection Agency (EPA)

Air pollution negatively impacts the U.S. economy, costing the U.S. roughly 5% of its yearly gross domestic product (GDP) in damages ($790 billion in 2014). The highest costs come from early deaths, attributable to exposure to fine particulate matter (PM2.5).

However, damages from air pollution in the U.S. are sharply falling, as levels of outdoor air pollutants have decreased in recent years, according to recent research from the Center for Air Quality, Climate, and Energy Solutions (CACES) at Carnegie Mellon University (CMU). The study, published in this week’s issue of the Proceedings of the National Academy of Sciences, shows that external damages from air pollution have fallen 20% recently over just a 6-year span (2008 to 2014).

“It is a really a sharp decline,” says Nick Muller, joint professor Engineering & Public Policy (EPP) and Economics (Tepper School of Business) at CMU.

While some PM2.5 in the atmosphere is the result of natural processes, such as forest fires or windblown dust, the majority of the damages from PM2.5 are related to human activities, most of which can be attributed to different sectors of the economy (e.g. manufacturing, agriculture, etc.). Combining damages with more traditional measures of economic production, such as GDP or…

2 mins
PHOTO FILE: Workers assemble Ford vehicles at the Chicago Assembly Plant on June 24, 2019 in Chicago, Illinois (Credit: Scott Olson)
The Ritz Herald
Businesses are holding firm on their payrolls despite the slowing economy. Hiring has moderated, but layoffs remain low

Private sector employment increased by 195,000 jobs from July to August according to the August ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

“In August we saw a rebound in private-sector employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “This is the first time in the last 12 months that we have seen balanced job growth across small, medium and large-sized companies.”

Mark Zandi, the chief economist of Moody’s Analytics, said, “Businesses are holding firm on their payrolls despite the slowing economy. Hiring has moderated, but layoffs remain low. As long as this continues recession will remain at bay.”

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S. The July total of jobs added was revised down from 156,000 to 142,000.

Total U.S. Nonfarm Private Employment:     195,000

By Company Size

– Small…

Global Consumers Remain Confident, But Improvements Less Broad-Based Across Markets
The Ritz Herald

Consumers across major global markets – including China, India, Indonesia, the United States, and Germany – remain confident, according to The Conference Board® Global Consumer Confidence Index. Large improvements are seen in several major economies, including France, South Korea and Turkey, while confidence waned in Brazil, Canada, Mexico and…

Fox Corporation to Acquire Credible Labs Inc., a Leading U.S. Consumer Finance Marketplace
The Ritz Herald

Fox Corporation (Nasdaq: FOXA, FOX) today announced the entry into a definitive merger agreement for the proposed acquisition of 67% of the equity in Credible Labs Inc. (ASX: CRD) (“Credible”), a leading consumer finance marketplace in the U.S. The price per CHESS Depositary Interests of $AUD 2.21 in cash…

Capital One Data Breach Affects More Than 100 Million Customers And Small Businesses In The U.S. & 6 Million In Canada
The Ritz Herald

On July 29, 2019, Capital One reported that their customers’ confidential information was compromised. This includes the Social Security and bank account numbers of more than 100 million people and small businesses in the U.S., along with 6 million in Canada.

The McLean, Virginia-based bank discovered the vulnerability in its system…

US Economy Continues Decent Growth Pace
The Ritz Herald

At 2.1 percent, the growth of US Real Gross Domestic Product during the second quarter of 2019 comes out better than expected. The weakness observed at the end of 2018 and early 2019, which was underlined by revised estimates for earlier quarters, has been wiped out especially by very…

Thomson Reuters and Blackstone in Discussions with London Stock Exchange Group Regarding the Refinitiv Business
The Ritz Herald

Thomson Reuters (TSX/NYSE: TRI) confirms that it and private equity funds affiliated with Blackstone are in discussions related to a possible acquisition of Refinitiv by the London Stock Exchange Group plc (LSEG) for a total enterprise value of approximately US$27 billion. New LSEG shares are contemplated to be issued…

7 mins
The Ritz Herald
PHOTO FILE: Small Business Saturday event in New York City in November
The Paychex | IHS Markit Small Business Employment Watch shows small business job growth fell 0.17 percent last month; Weekly hours worked growth increased
By / Newsdesk Editor

The Paychex | IHS Markit Small Business Employment Watch shows job growth declined again in August while wage growth stabilized. At 98.01, the national jobs index fell 0.17 percent from last month and 0.76 percent over the past quarter, contributing to a 1.22 percent year-over-year drop in the rate of small business job growth. Hourly earnings growth settled at 2.61 percent ($0.69) in August, and weekly hours worked showed positive growth for the first time in 2019.

“The jobs index has fallen since early 2017. In 2019, we’ve seen a continuation of that slowdown,” said James Diffley, chief regional economist at IHS Markit.

“Small businesses are adapting to the challenges of the tight labor market by increasing hours and earnings,” said Martin Mucci, Paychex president and CEO. “In August, we saw an increase in weekly hours worked, as well as higher hourly earnings growth compared to this time last year.”

Broken down further, the August report showed:

  • Segmenting hourly earnings growth results by employee type shows employees at 2.75 percent, while owners are much lower at 0.86 percent.
  • The South remains first among regions in employment growth; the West leads regions in hourly earnings growth.
  • Tennessee is now the top state for small business job growth; Illinois remains the top state for wage growth.
  • Dallas is again the top metro for job growth; San Diego maintains its lead among metros in wage growth.
  • Stable at 4.54 percent in August, Leisure and Hospitality leads industries in hourly earnings growth.

The complete…


Nation’s Report Card Reveals Striking K-12 Financial Literacy Gaps Across States
Today, the non-profit American Public Education Foundation released the first-ever
NYC Sales Market Strengthens, But Inventory Surplus Remains
The Ritz Herald

With a higher New York City mansion tax looming, buyers and sellers rushed to close deals on expensive homes in the second quarter of 2019, driving the median recorded sale price in Manhattan to a record high of $1,161,496 — an 11% increase from last year, according to the…

U.S. Wage Growth, for Second Quarter 2019, Accelerated to 4 Percent Over the Year
The Ritz Herald

Wages for U.S. workers grew 4.0 percent over the last year, increasing the average wage level by $1.09 to $28.54 an hour, according to the ADP Research Institute® Workforce Vitality Report (WVR) released today. The growth, accelerating from 3.8 percent to 4.0 percent annual as…

Abraxas Global Asset Management Prepares Investors for a Market Shift During Second Half of 2019
The Ritz Herald

Abraxas GAM, the New York and Hong Kong based provider of alternative asset management solutions, has reiterated that the large majority of its institutional client base believes that value throughout global equity markets has peaked as sentiment widely suggests that markets are overdue a sizeable and imminent correction.

After 2019…

4 mins
PHOTO FILE: Shoppers wait in line at a Fort Worth Toys ‘R’ Us store (Credit: Tom Pennington)
The Ritz Herald
According to The Aspen Institute, 16% of suicides in the US occur in response to a financial problem

Today, the non-profit American Public Education Foundation released the first-ever national report card on K-12 state-mandated personal financial education in all 50 states and the District of Columbia: Vision 2020 Financial Literacy Report Card, 2019-2020. The 50-state review points to a nation in crisis with regard to our schools’ failure to prepare and educate K-12 students in personal finance and decision-making.

Financial illiteracy is an American epidemic and the crisis is growing. The analysis found that more than two-thirds of states (34 states, or 68 percent) earned grades of “C” or less for financial literacy instruction, with just 16 states (32 percent) earning grades of “A” or “B.”

The APEF statewide analysis team was led by David A. Pickler, J.D., CFP®, ChFC®, CDFA®, an award-winning wealth advisor and education leader and one of Financial Times’ 400 Top Advisors. Pickler also served as the past president of the National School Boards Association and has been an education leader for more than 30 years.

“America is facing a growing epidemic,” observes Pickler, who also serves as Executive Director of the non-profit American Public Education Foundation. “Our nation is rapidly sinking into a sea of debt and…



Statement from Koch Industries Chairman and CEO Charles Koch on the Passing of his Brother David

Rüthers / Aug 23
“It is with a heavy heart that I announce the passing of my brother David. Anyone who worked with David surely experienced his giant personality and passion for life. Twenty-seven
Equifax Announces Comprehensive Consumer Settlement Arising From 2017 Cybersecurity Incident
The Ritz Herald

Equifax Inc. (NYSE: EFX) today announced a comprehensive resolution of significant U.S. consumer-related litigation and regulatory matters facing the company related to its 2017 cybersecurity incident.

The $671 million resolution includes settlement agreements that would resolve the multi-district consumer class action litigation, as well as investigations by the Federal Trade…

Thomson Reuters Acquires HighQ
The Ritz Herald

Thomson Reuters (TSX/NYSE: TRI) today announced that it has acquired HighQ, a leading collaboration platform for the legal and regulatory market. Based in London with offices in the United States, Germany, the Netherlands, Australia and India, HighQ offers a secure cloud-based platform for business collaboration, workflow automation and client…

Josh Wilhelm Acquires an Interest in Right Hand Technology Group Inc and Joins the Organization as President
The Ritz Herald

Josh Wilhelm, former Executive Vice President with Plus Consulting, has made an investment in Pittsburgh based Right Hand Technology Group Inc. In addition to shareholder, Josh will be joining the organization as President.