Inflation, which is the drastic increase in the cost of consumer goods, is currently taking roots in the United States without many individuals realizing it. Shervin Pishevar notes that a large number of people around the country have not realized the current changes in the prices of goods because they have a higher purchasing power. The problem is that there is a small proportion that is made up of the low-income group of individuals who are not able to meet the cost of the goods.
Shervin Pishevar records that the problem will not change and it will even increase to the point that those individuals who can pay for the food and other everyday goods will not be able to handle it. This brings the biggest question of all time which tries to figure out why inflation is affecting the economy of the country.
One of the most critical aspects that are causing inflation to increase in the country is the current aspect of importing goods from other countries. There is an agreed consent that most of the industries around the country are not operating which have left the ordinary citizens at the mercy of multinational organizations operating outside the United States. The goods and services imported come at a higher price than what most individuals around the country would be able to get.
Shervin Pishevar also notes that the government is implementing policies to control inflation that cannot work in the country. Some of the changes introduced in the country include restricting a significant number of countries from exporting their products to the United States through stringent and unbalanced trade policies. The problem is that the supply of goods in the country becomes small against a large number of consumers, which causes individuals to compete for a few products and services which causes a price increase.
The bond market, which has for an extended period been used to control the market has significantly changed and is no longer having impacts on how the market operates. Shervin Pishevar feels that the government should develop other new policies that affect the market so that the problem is eradicated.
More companies in the United States are launching their philanthropic arms to help those who are in need. One of the most recent examples would be the launching of Stream Cares by Stream Energy, a Dallas-based energy producing company that has been serving states on the eastern coast.
One of the reasons why there is an increase in the number of philanthropic efforts from companies is because of the prevalence of natural disasters. The United States is being hit by strong hurricanes multiple times per year, and these disasters are causing a lot of damage and loss of life. The issue with climate change has also highlighted the power of 21st-century hurricanes, and they are eerily stronger than the older counterparts. Scientists are saying that these hurricanes will keep on becoming stronger, and humans would need to learn how to adapt against these disasters. Hurricane Katrina and Hurricane Sandy are some of the most disastrous hurricanes to hit the United States. When Hurricane Harvey hit the state of Texas and left billions of dollars in damages, Stream Cares is one of the first organizations to help the victims who have affected by the storm. They staged recovery and rescue efforts, and they also have extended assistance to those who are having financial burdens. Another philanthropic activities spearheaded by the company was the partnership with Hope Supply Co. to address the problem of homelessness in Dallas.
Aside from participating in a lot of philanthropic activities, Stream Energy is also serious in expanding their operations in other states. Delaware is the newest state in the list of areas that the company services and the local population welcomed the addition of Stream Energy as one of their providers. The states in the Northeastern United States have been experiencing energy shortage, and they stated that the energy which will be provided by Stream Energy would help thousands of households across the region to harness affordable and reliable power. The chief executive officer of Stream Energy, Larry Mondry, stated that they are still planning to include more states in the areas that they serve, and they are looking for potential candidates.
Fortress Investment Group is a leading investment management firm internationally. With its headquarters located in New York, the firm was founded in 1998 by its three founders Wes Edens, Randal Nardone and Rob Kauffman. The first two are still principals of the firm, but Kauffman retired in the year 2012 to focus on his long-life interest in car racing.The main objective while forming the organization was to create an alternative asset strategy that would raise private equity and transform it into cutting edge investment vehicles. In the beginning, their assets under management were barely over $400 million, but within the first five years of operations, this figure had increased to approximately $3.9 billion. This would further increase to $32 billion by 2007.Fortress Investment Fund I was the first investment vehicle that the company launched in 1999. Its earliest investments were in real estate, which included both Toronto and New York markets.
Fortress Investment Group swiftly grew to start managing hedge funds and debt securities.During the first decade of its existence, Fortress was faced with several challenges, but the firm was able to overcome them through the able leadership of its principals. In 2007, the company announced its first initial public offer. This event made history as it was the first private equity firm of its size to declare an IPO. By this time, Fortress had expanded its first investment vehicle Fortress Investment Fund I, with other versions. Also, the firm was preparing to launch the Long Dated Value Funds, the Drawbridge Global Macro Fund, Fortress Partners Fund, the Drawbridge Special Opportunities Fund, and the Fortress Brookdale Investment Fund; which were to get online soon. Also between 2006 and 2007, Fortress Investment Group had bought and acquired a number of key institutions among them; the Canadian company Intrawest ( which was the largest ski resort operator in North America), RailAmerica, Penn National Gaming (which operated horse racing venues and casinos), and Florida East Coast Industries (Owning Florida East Coast Railway by then).
Fortress Investment Group is a highly diversified investment management firm, setting the investment trends globally. Its currently operating under the able leadership of its three principals; Randal Nardone, Wes Edens, and Peter Briger. The first two are based in New York while the latter is located in San Francisco. The company has experienced rapid growth over the years. Currently, it has over $43 billion in assets under management. It also opened offices in other parts of the world to increase its market share and serve its clients effectively. Read More.
Louis Chenevert is a Canadian businessman and the current CEO and Chairman of the United Technologies Corporation (UTC). The Businessman has had a positive impact on almost any organization he has joined. The semi-retired businessman also works as the leading advisor for the Goldman Sachs, besides spending time with family and pursuing other personal interests. Before retiring from the booming aerospace industry, Louis Chenevert devoted his time to helping businesses change the way they tackled production. Specifically, Chenevert had a lasting impact on the aerospace industry. Upon obtaining a degree in production management from HEC Montreal, Louis Chenevert worked for the General Motors, where he was extremely productive thus rising through the company’s ranks and finally becoming the company’s Production General Manager. In 1993, one of the world’s leading aerospace manufacturer, Pratt & Whitney, hired Louis Chenevert to change its leadership. Although the company wasn’t doing fine at the moment, Chenevert guided the company and helped it boost its proceeds. The company’s market share improved significantly within six years Chenevert worked for it. Louis Chenevert also oversaw the acquisition of the aerospace manufacturing companies, Goodrich Corporation, which also used to one of the world’s leading rubber manufacturers.
Currently, Louis Chenevert serves as the CEO and Chairman of UTC, after being elected CEO and Chairman in April 2008 and January 2010 respectively. He is a Business Roundtable and an active member of Executive Committees. Also, Chenevert is the Chairman of Tax & Fiscal Policy Committee. Discipline and innovation are precisely what has kept the businessman’s powerhouse humming. Since joining the aerospace industry, all the corporations he has worked for have experienced impressive financial performance. He has helped them invest vast amounts of money in technology, courtesy of his hard work and unwavering dedication. Despite intense competition in the global aerospace industry, UTC today assembles some of the world’s most advanced jets, both for military and commercial users globally. The corporation also owns the largest escalator and Elevator Company in the world.
Louis Chenevert has undeniably made a profound impact on the aerospace industry. Today, he has plenty of time to pursue his passions which include engineering and designing yachts.