Category: Topics

Biden’s Take on Online Gaming Industry

Each new president has their own views on major topics, like medicine, law enforcement, gun control — and gambling. The recently elected Joe Biden mostly avoided questions on legal gambling in the USA. Instead, he talked a lot about COVID-19, the economy, and a list of other issues. But now, almost a year after the election, it is time for the president’s administration to express its position on gambling among Americans.

Right now the administration is enforcing sports betting regulations and tighter control over online casinos. They call for a more responsible approach to player eligibility. This can be implemented in the form of a requirement to provide documents that prove a player’s age. An inventive solution is offered during GW Casino 265 login, where you have to confirm your age with a captcha before registering an account. 

Go on reading to find out about other changes in the US gambling world.

Online Gambling in the US

Gambling became a part of American culture long ago, starting with the colonization times. Back in the 17th century, over 13 colonies had roulette clubs. For most players, it was not about fun, but more about earning money to support their community. However, when the USA became an independent state, it restricted gambling. 

Currently, the legality of gambling is defined by each state separately. In 2021, it is legal in 49 states — in one form or another. Most of the states legalized gambling when facing economic crises (like Nevada in 1931) or to attract more tourists and investors into the state (like New Jersey in 1977).

Online gambling is a bit harder to explain from a legal standpoint. Online casinos spread all over the world the moment the Internet was launched, and the industry only grew with time. This drastic change was a challenge for the US legislative system, which didn’t approve online gambling in any form. However, since 2010, states have legalized this activity one by one. Currently, you can gamble in online casinos in such states: Michigan, Delaware, Nevada, Pennsylvania, New Jersey, and West Virginia.

Online gambling is a profitable business. Globally, it produces over $40 billion in revenue per year. The US online gambling market was worth $2 million in 2020. Further growth of this market is predicted to occur in the next several years.

Sports Betting Legislation

With its 2018 ruling, the US Supreme Court canceled the federal law that banned sports betting. Since then, every state has had a right to legalize sports betting.  

In 2021, sports betting, to a different extent, is legal in 28 states. In three states, it has been approved, but the legislation has not taken effect yet. In nine states, the issue is under consideration. And in states like Alaska, California, Hawaii, Idaho, Minnesota, South Carolina, Oklahoma, Texas, and Utah, the legislation is a long shot.  

In places where sports betting is legal, you still have to follow some rules. 

The first one is to play at sportsbooks that have a license. It means that a betting center went through several checks and is safe to play in. 

The second rule — you need to be at least 18 years old to bet. To prove your age, you will be asked to show your ID card, driving license, or any other document.

Biden’s Opinion on Gambling

Biden proves to be a supporter of the gambling industry, both land-based and online. There are several facts that prove it:

1. The Federal Wire Act, which controls the online gambling sphere, was introduced in 2011 during Barack Obama’s rule. At the same time, Joe Biden was Vice President. Taking into account his position, there is no chance that this act would be approved without his support.
2. Where Trump’s support was mostly directed at casino owners, Biden supports ordinary casino workers. He has plans to increase the health policy for casino employees, as well as the conditions of their work. It may look like an attack on land-based casinos. However, it is more like thinking from a long-term perspective to support this industry. 

Still, it is too early to make any conclusions. Even now, Biden almost doesn’t talk about gambling, only when asked directly. All we can do is wait for his official position to be announced to the public, as well as his plans on what to do with the gambling industry.

Final Thoughts 

Summing up, there are several things to know about the gambling industry in USA and Biden’s influence on it:

• Gambling, both online and land-based, are profitable spheres of business. By legalizing them, local governments found new sources of revenue.
• Currently, there are fewer restrictions on this industry than 20 years ago. For example, sports betting, which was previously completely banned, is now widely legalized.
• Joe Biden presented himself as the full opposite to Donald Trump. He canceled Trump’s restrictions on the online gambling industry.

It is impossible to overestimate the influence of Biden on gambling. His decisions and words can determine the whole future of an entire billion-dollar industry. Unfortunately, Biden doesn’t talk about it often, but we hope that we will hear more about it from him in the near future. Till then, enjoy online gambling and stay tuned for more articles on this topic.

US agency opens formal probe into Tesla Autopilot system

The U.S. National Highway Traffic Safety Administration (NHTSA) began an official safety review of Tesla’s autopilot system after several electric car crashes. Today we take a look at this issue and try to figure it out!

Tesla shares are down 1.8% in U.S. premarket trading. U.S.-based Tesla Motors was founded in 2003 as a developer and manufacturer of electric cars and related technologies. The company is headquartered in Palo Alto, California. In addition to electric cars, the company produces batteries and electric motors using its own technology and sells to other car companies, in particular Toyota and Daimler.

Tesla

Autonomous cars are no longer something fantastic. We have all witnessed the arrival of a real revolution in the world of automated cars, and Tesla, at this stage, is the brand that is closest to achieving the ultimate goal.

While Mercedes-Benz and other automakers have been experimenting with autonomous vehicles since the 1980s, it was the suddenly emerging Tesla startup that became the first automaker to make a commercially available system that came closest to realizing the dream of millions of visionaries of the past that would allow cars to drive themselves, even without the driver having to keep his hands on the wheel.

For example, on advanced Mercedes-Benz models with similar systems available, the person behind the wheel has to keep their hands on the wheel while the feature is on, just in case of emergencies. Tesla as we can see has gone further, made the dream a reality…, and almost immediately took a step back. Although Tesla’s autonomous system didn’t initially need it, the company had to enforce the standard position in the driver’s seat, with hands on the steering wheel. Engineers had to make the retreat because of hooligans behind the wheel, what not only did people do, including this feature on the Model S, filming the outrageousness on video and posting their shenanigans on the Internet.

Autopilot

The lightning-fast transition from entry-level to advanced was made possible by the fact that the car initially already had a wide range of sensors and unified equipment on board. Most of the organs were controlled electronically, so it was much easier to adapt the system to computer control. As in the aviation industry, every system is duplicated, so the car’s autopilot is a very reliable circuit that can almost never fail. It is likely that the duplication strategy will be used by every automaker creating autonomous vehicles in the future.

For now, Tesla can’t completely eliminate human presence behind the wheel, but Elon Musk has big plans for the evolving system. It is even claimed that a little time will pass and a version of the car will be made capable of driving independently from one U.S. coast to another and even recharging itself along the way.

What the Autopilot Feature Is Capable of Doing?

Any of the Tesla models on which Autopilot is installed can stay within its lane, moving autonomously on the road, avoiding collisions by braking and steering, finding a parking spot and parking, regulating its speed depending on the traffic, including until the vehicle stops and rearranging itself at the driver’s request, just turn on the turn signal. What makes the Tesla unique is that it can already do this whole set of functions, whereas some cars on the market can only do certain things from the list.

Another really smart thing about the autopilot system is its learning function. Every model equipped with an autopilot system maintains real-time feedback from the Tesla cloud, through which the company is constantly improving the system and improving each car’s behavior. Other automakers don’t have this important link in their cars with semi-autonomous capabilities.

What Tesla Plans to Do with Autopilot?

According to statements by Elon Musk, Tesla is three years away from offering a “Summon” feature that would allow an electric car to drive from the West Coast to the East Coast and vice versa. Since this American company has shown impressive progress compared to other automakers, we believe that there is a high probability that the conceived plan will be implemented, but not necessarily in the time frame mentioned by Musk.

Tesla will be able to provide a car capable of driving not only in the United States or Europe, it is quite possible that a little time will pass and this autonomous electric car will be able to travel all the way from Karelia to Petropavlovsk-Kamchatsky. The only feature that will not yet be available on the Russian route is the car’s automatic recharging. Russian users will have to make do with power outlets, because even in the U.S., the development of the network of charging stations leaves much to be desired. The development of super-fast electric charging stations will be the next most important step in the promotion of the brand’s electric cars, especially for the high-powered versions of the Model S and X.

That’s It!

A car with autopilot is considered to be the next generation of transport and the dream of many motorists: after all, to get to the right place, it will not be necessary to turn the steering wheel. Sit in the cabin and sleep, the car will get to the right place by itself. In fact, autopilot for civilian cars already exists. But as we can see, autopilot does not always save the lives of passengers.

LoanDepot Mortgage Reviews & Ratings

Hello everyone, and today we are going to look at an investment in a large American independent mortgage agency that lends against the security of residential real estate, as well as refinancing such loans. In fact, loanDepot’s assets are valued at nearly $9 billion. And you can get even more information here https://teuscherfifthavenue.com/loandepot-loanadministration-com/. Only on this site you will find all the details and instructions on how to register and how to use it. So, don’t waste your time and follow the link soon!

The Company Loandepot

LoanDepot is a major U.S. independent mortgage agency. The company makes loans to purchase residential real estate, as well as refinances them. In addition, some of the loans issued are securitized and sold to institutional and other investors. The company has about $9 billion in assets.

loanDepot was founded in 2010 and is headquartered in California. The company has the advantage of having an efficient customer-centric digital mello platform based on big data, machine learning and artificial intelligence technologies. This platform reviews the client’s application and makes the best offer based on their financial profile and other parameters. Mortgage loans are also serviced through this platform. LoanDepot conducts most of its operations through digital online channels. However, the company also has an extensive network of branches located throughout the United States.

Marketplace

For Americans, buying your own home is one of the most important investments in life, as a result, the U.S. housing market in the past decade shows a fairly high growth rate. And the pandemic coronavirus, which broke out last spring, caused only a very short-term slump – by the fall of sales of homes and the primary and secondary market have exceeded pre-crisis levels, which contributed to a significant increase in demand for housing amid ultra-low interest rates and the migration of people from major cities due to the transition of many employees to remote work. Housing prices are steadily rising as well.

Thanks to this over the past 10 years, the mortgage market in the U.S. showed a growth rate markedly higher than GDP – an average of 10.2% a year, according to the Mortgage Bankers Association (MBA).

Against this background, the business of loanDepot is actively growing in recent years. So, if in 2010 the company was actually a small and little-noticed startup, then in the period from 2015 to 2020, it has already become a significant player in the market. For the first 9 months of 2020, the company’s mortgage loans were $63 billion (the second highest among independent mortgage providers, according to MBA data) compared to $45 billion at the end of the whole of 2019, and its market share reached 2.6%. Moreover, if you need to calculate the mortgage, you can use the Mortgage Calculator . This will help you quickly make your plans and allocate your budget.

Note also that the company maintains relationships with clients throughout the mortgage loan lifecycle, so it receives a wide range of information about borrowers, including their future financing needs. This allows loanDepot to effectively offer current customers new products and services, which has a positive impact on customer loyalty and, consequently, the profitability of the business. The company’s customer retention rate for 9M 2020 was 61% and was one of the highest in the industry.

Outlook

According to the MBA, total mortgages issued in the States as of the end of Q3 2020 were around $11 trillion, with the figure expected to reach $12.2 trillion by the end of 2022. The MBA predicts that $2.7 trillion in new mortgages will be issued in 2021 and another $2.5 trillion next year.

I hope that loanDepot, thanks to its efficient business model and well-known brand, will continue to benefit from the rapid growth of the U.S. mortgage market and can further increase its share in it.

Financial Results

The company significantly improved its financial performance in 9M 2020 with strong growth in revenue from loan sales. Revenues rose 227% relative to 9M 2019 to $3 billion, and adjusted net income soared to $1.1 billion, compared to a profit of only $27.2 million a year earlier.

The top line item is net income, which is generated from the sale of loans, including a premium over book value less provisions and certain fees, and also takes into account gains (losses) on derivatives and changes in the fair value of loans for sale and the appraised value of servicing rights. Assets at the end of Q3 2020 reached nearly $9 billion compared to $5 billion at the end of 2019. Core assets are mortgages for sale (about 57% of all assets this year).

Investment Opinion

loanDepot is a mortgage agency that originates and refinances and securitizes residential real estate loans. The market in which the company operates has shown high growth rates in recent years, which are expected to continue in the medium term. At the same time, thanks to an effective business model and a well-known brand, loanDepot has been able to increase its market share and show steady growth of financial indicators. In general, loanDepot looks quite attractive for investment, but to make a recommendation on participation or non-participation in the IPO of the company we would like to receive more detailed information about the parameters of the offering.

US Election 2020: Campaign Song

Tracks utilized for politicians or election movements are known as campaign songs. Most contemporary campaign songs are inspirational traditional songs or original creations that convey an optimistic sentiment about a campaign or nominee, typically by referring to nationalism, hope, or a light-hearted connection to a specific nominee’s specific characteristic as ethnic background or place. In certain instances, the campaign song is a thinly disguised assault on a rival candidate or political group. The usage of a patriotic song is most well-known in the quadrennial US presidential race, where all major political parties use one or couple of songs to associate with their campaign.

Origins of Campaign Songs in Us Election

The beginnings of campaign songs can be traced back to political jingles used in American political campaigns, particularly presidential elections. The lyrics were often set to well-known tunes or familiar melodies of the day, such as “Few Days,” which acted as the basis for “Up in the State Department.” “Tippecanoe and Tyler too,” for example, was maybe the most well-known of them. This was first heard in Zanesville, Ohio, and quickly circulated throughout the nation, becoming a political slogan. In 1872, a revival effort was undertaken for “Greeley Is the Very True Blue.” Campaign songs were sold in publication songbooks called “songsters,” which often included music.

The Log Cabin Music Book of 1840 and Hutchinson’s Republican Songster for the 1860 presidential election campaign were two examples. Itinerant stump speakers, live horses, Aberdeen corps, red flames, floats, transparency, and rapturous mass assemblies in courtrooms and town halls were all part of nationwide initiatives for several years. Glee clubs were formed to promote campaign songs and lead crowds and matchers in their singing. The songs played an important role in retaining crowd attention, stressing topics, generating excitement, and satirizing critics. The campaign song has lost favor as a traditional phrase due to improvements in campaigning techniques.

Us Election 2020

The 2020 general election in the United States was the 59th quadrennial presidential election, held on November 3, 2020. Ex-Vice President Joe Biden and current California Representative Kamala Harris of that same Democratic Party beat incumbent President Donald Trump with Vice President Mike Pence of the Republican Establishment.  Trump is the only US president to fail a re-election campaign since George H. W. Bush in 1992 and the eleventh sitting president in the country’s history. Biden received 51.3 percent of the popular vote, the highest proportion of the public vote earned by a presidential candidate since 1932.   Since 1900, the referendum has had the largest voter turnout. But it was perhaps their music collection as campaign songs that piqued everyone’s interest the most. Let’s talk about it:

Mr. Trump’s Campaign Songs

Mr. Trump usually chooses songs based on how they make him feel, rather than an educated comparison of the lyrics. His before-the-speech playlist is intended to energize the listeners. They often wait for hours ever since he appears on the scene, so the emphasis is on classic serenade, which appears to be aimed at conservative voters in their late ages. This includes songs like Tiny Dancer by Elton John and Gloria by Laura Branigan and raucous traditional pieces like Nessun Dorma and the patriotic Battle Of The Hymn Republic. As he courted black voters, the president has begun to include a few soul classics in his set. Once his rally in Erie, Pennsylvania featured James Brown’s Please, Please, Please and Barry White’s My First, My Last, My Everything. he claims that he had done more for the black community than Biden in 47 years. 

Mr. Trump’s Campaign Songs

·         We Are Champions By Queen

·         Tiny Dancer By John Elton

·         Nessun Dorma By Luciano Pavarotti

·         Proud To Be An American By Lee Greenwood

·         Eye Of The Tiger By Survivor

·         Everybody Hurts By REM

·         Gloria By Laura Branigan

·         Macho Man By The Village People

·         Free Bird By Lynyrd Skynyrd

·         Please, Please, Please By James Brown

Critics Being Trolled By Trump Using Campaign Songs

Mr. Trump’s music collection is dominated by retro rock songs that exude strength and combative self-assurance. He often performs Queen’s We Are The Champions, a song whose theme, “No time for losers,” might almost be interpreted as the president’s inner monologue.  Mr. Trump’s decisions always seem to be aimed at his detractors. Why else does he play Crazy by Gnarls Barkley or You Can’t Get What You Want by The Rolling Stones? And, by songs like Michael Jackson’s Beat It, he gets an artistic airing for his alleged abuse by the media. However, the album encourages people to withdraw. “You’d best stop when you still can,” Jackson suggests, implying that while you think you’re strong, your rivals are harder… so be the better guy and walk down.

Biden’s Campaign Songs

Since announcing his nomination in April 2019, Mr. Biden’s compilation has been nearly equally split around black and white musicians. The Staple Singers’ intense slash We The People – an uplifting, tuneful chorus to peace whose title was taken from the US Constitution’s preface – has recently become his move song. His campaign songs mostly included:

·         Reach Out By Four Tops

·         Heroes by David Bowie

·         I’m Coming Out by Diana Ross

·         Good Time By Sam Cooke

·         We The People By Staple Singers

·         We Take Care Of Our Own By Bruce Springsteen

·         The Edge Of Glory By Lady Gaga

·         Lovely Day By Bill Withers

·         Higher Ground By Stevie Wonder

·         Stay By Alessia Cara

Mr. Biden normally exits the scene to the melodies of Bruce Springsteen’s We Take Care Of Our Own after singing. Like Born in the USA, the album is a criticism of the United States and was composed in reaction to President Bush’s management of Hurricane Katrina.

 Concluding Thought

While music may appear negligible compared to the many aspects of an election, campaign tracks may have a huge impact on how a politician is viewed and have reflected the ever-changing partnership between music and politics. Since not every elector is informed about political problems or has a clear political allegiance, identity plays an important role in campaign policy. As a result, candidates often use music to connect with supporters and attract votes. With the introduction of social media, presidential candidates have focused on developing an identity that people can relate to.