Business & Money
BRICS and the Quest to Change Currency Dynamics
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The world heavily relies on the U.S. dollar for international transactions and foreign reserves. But a movement called BRICS de-dollarization, aiming to reduce this dependency, is gaining traction. This trend is getting a boost from events like the Russian-Ukraine conflict.
BRICS Taking Action
BRICS made up of Brazil, Russia, India, China, and South Africa, is actively trying to rely less on the dollar. Russia, China, and Brazil are using other currencies for cross-border deals. Iraq, Saudi Arabia, and the UAE are looking for dollar alternatives. Central banks are also moving their reserves from the dollar to gold.
Reasons Behind the Move
Each BRICS member has their own reasons to challenge the dollar’s dominance. Russia wants to cope with sanctions that limit its transactions. Brazil is rejuvenating the group’s commitment to de-dollarization under new leadership. China criticizes the dollar for global economic instability, blaming U.S. policies for market turbulence.
Aiming for Change
The de-dollarization drive is not just about reducing dependence; it’s about changing the currency landscape itself. BRICS is collectively working to reshape the global economic order, aiming for a fairer and more resilient international financial system.
BRICS’ efforts to lessen dollar reliance are shaping a new currency narrative. This shift signals a broader change in global finance. From managing sanctions to ensuring stability, these nations are united in their quest to redefine the currency game’s rules for a more balanced future.
Contact STATT Financial: info@stattfs.com
Business
A New Approach to Family Planning in Houston
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Houston families are increasingly turning to pre-planning funerals, a trend that reflects a growing awareness of the benefits of advance preparation. This shift is driven by several key factors that are reshaping how Houstonians approach end-of-life planning.
Financial Considerations
Pre-planning offers significant financial advantages. The median cost of a funeral with viewing and burial in 2023 was $8,300 nationally, while a funeral with cremation cost $6,280. By pre-planning, Houston families can lock in current prices, potentially saving thousands of dollars. In Texas, the funeral industry is expected to grow to $1.4 billion by 2025, indicating rising costs that make early planning even more crucial.
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Emotional Benefits
Pre-planning alleviates the emotional burden on families during a difficult time. A survey revealed that 63% of policy owners have recommended pre-arranging to others or plan to do so, highlighting the peace of mind it brings. By making decisions in advance, families can focus on celebrating their loved one’s life rather than struggling with last-minute arrangements.
Customization and Choice
Houston’s diverse community brings unique perspectives to legacy planning. Pre-planning allows individuals to tailor their final arrangements to their personal preferences, cultural traditions, and religious beliefs. This customization ensures that one’s final wishes are honored and can include choices about burial, cremation, or even emerging options like green funerals, which 68% of people expressed interest in exploring.
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Industry Trends in Houston
Houston is at the forefront of funeral industry innovation, particularly in the natural burial movement. The city’s funeral homes are adapting to changing consumer preferences, with 52% of people nationally having attended a funeral at a non-traditional location. This trend is likely to continue, with Houston funeral homes offering more diverse and personalized services.
Steps to Pre-Plan
- Reflect on personal preferences for service type, burial or cremation, and cultural customs.
- Discuss plans with family members to ensure understanding and agreement.
- Research local funeral providers, considering reputation and pricing.
- Prepare necessary documents, including advance directives.
- Make arrangements with a chosen funeral home, selecting specific details of the service.
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By taking these steps, Houston families can ensure their legacies are preserved while reducing the emotional and financial stress on their loved ones. As the funeral industry in Texas continues to grow, with 1,738 funeral homes employing 8,650 people statewide2, pre-planning emerges as a wise decision for those looking to secure peace of mind for themselves and their families.
Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life
Business
When TikTok and CapCut Vanished from America
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In a shocking turn of events, TikTok and CapCut, two of America’s most popular social media and video editing apps, vanished from U.S. app stores and became inaccessible to users on Saturday evening, January 18, 2025. This unprecedented digital blackout affected approximately 170 million American users, leaving them stunned and searching for alternatives.
The Sudden Shutdown
As the clock struck 10:50 PM Eastern Time on Saturday, both TikTok and CapCut disappeared from Apple and Google app stores. Users attempting to access the apps were greeted with a stark message: “Sorry, TikTok isn’t available now. A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok for now”.
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The ban wasn’t limited to just TikTok and CapCut. Other ByteDance-owned apps, including Lemon8, Hypic, and Gauth, also became unavailable to U.S. users. This sweeping action effectively cut off access to a suite of popular digital tools that millions had come to rely on for entertainment, content creation, and even business purposes.
The Legal Battle
The shutdown came after a tumultuous legal battle that culminated in a Supreme Court decision upholding a federal law requiring ByteDance, the Chinese parent company of TikTok and CapCut, to either sell its U.S. operations or face a ban. The legislation, passed in April 2024, cited national security concerns related to data privacy and potential foreign influence.
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Impact on Users and Creators
The sudden disappearance of TikTok and CapCut has left content creators and everyday users in a state of digital limbo. Many relied on these platforms not just for entertainment, but as essential tools for their livelihoods and creative expression. The ban has disrupted a thriving ecosystem of digital content creation, leaving millions to scramble for alternative platforms and editing tools.
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Political Implications and Future Uncertainties
As the dust settles, all eyes are on the incoming administration. President-elect Donald Trump, set to take office on January 20, has hinted at a potential 90-day extension for ByteDance to sell TikTok. This development has injected a new layer of uncertainty into an already complex situation.
What’s Next?
While the apps remain inaccessible, ByteDance and TikTok officials continue to work towards a resolution. TikTok’s message to users ends on a hopeful note, stating, “We are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office. Please stay tuned”.
As America grapples with this digital void, questions about data privacy, national security, and the future of social media regulation loom large. The TikTok and CapCut ban marks a significant moment in the ongoing debate over the influence of foreign-owned technology companies in the United States, with far-reaching implications for users, creators, and the tech industry as a whole.
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Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life.
Business
TikTok Ban Drives 216% Rise in U.S. Users Learning Chinese on Duolingo
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Duolingo has reported a remarkable 216% increase in U.S. users learning Mandarin Chinese, coinciding with the impending ban on TikTok, set to take effect on January 19, 2025. This surge is attributed to many TikTok users migrating to a new Chinese social media platform called RedNote (also known as Xiaohongshu), which defaults to Mandarin as its primary language. As TikTok users seek alternatives amidst concerns over data privacy and app availability, they are turning to RedNote, prompting a cultural exchange that has driven interest in learning Chinese.
The spike in Mandarin learners began around mid-January, aligning with the growing popularity of RedNote among former TikTok users. Duolingo’s marketing team has actively engaged with this trend on social media, humorously acknowledging the phenomenon with posts like “Learning Mandarin out of spite? You’re not alone”.
Additionally, Duolingo has seen a 36% increase in downloads in the U.S., reflecting heightened consumer demand for language learning resources as users adapt to the new social media landscape.
The transition from TikTok to RedNote has not been without challenges, as some users have encountered technical issues during registration and account suspensions.
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Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life.
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