Plans To Sell FTX Assets Met With Opposition From US Trustee Andrew Vara
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Matters surrounding the bankruptcy of FTX are gaining momentum. The problem of unpaid internships still affects many young people.
In this article:
- Unpaid internship
- The drama around the bankrupt FTX crypto exchange
- Start working on your portfolio
Unpaid internship
In order to gain professional experience, young people are looking for guard offers. For many young people, an internship is a great opportunity to gain not only experience but also to show themselves to a future employer, for whom they can work even for years. It is also the first contact with the "real world". In most cases, as for any work done, interns get paid, but there are also those who do probono to acquire experience. A recent National Association of Colleges and Employers (NACE) study of college students found that over 40% of interns surveyed said they had not been paid. Such cases do not only happen in America, but the NACE study took a closer look at this phenomenon.
The problem of unpaid internships will be successively reduced. Unpaid internships won't magically disappear, and they can continue as long as companies hire free labor and the rules don't change.
More than 40% of interns are still unpaid — here’s the history of why that’s legal. https://t.co/modnvrEvvm (via @CNBCMakeIt) pic.twitter.com/UITsj95a03
— CNBC (@CNBC) January 8, 2023
The drama around the bankrupt FTX crypto exchange
There is no end to the drama around the bankrupt FTX crypto exchange.
FTX filed for bankruptcy protection in November and said last month it planned to sell its LedgerX, Embed, FTX Japan and FTX Europe businesses. FTX said in a lawsuit last month that the companies it plans to sell are relatively independent from the wider FTX group and that each has its own separate customer accounts and separate management teams. US Trustee Andrew Vara objected to these actions, arguing that the companies may have information related to FTX's bankruptcy.
In addition, FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges that he defrauded investors and caused billions of dollars in losses. it seems that the matter will be more complicated and will last much longer than one could expect.
U.S. Trustee files objection to FTX's planned asset sales https://t.co/IH3VJ8KY1r pic.twitter.com/zih42ZhmbS
— Reuters Business (@ReutersBiz) January 7, 2023
Start working on your portfolio
Morningstar Inc often tweets tips on how to best manage your portfolio. The new year is undoubtedly the best opportunity to start working in this direction.
Helping you look ahead and plan a productive year is the goal of the Annual Financial Calendar, which outlines a series of tasks you can take to improve your financial life on a month-to-month basis.
Author in the calendar urgent tasks for a specific month, such as tax matters to be done early this year, but you can take care of other tasks in any order you see fit, or ignore those that do not concern you or what you have already achieved There are so many benefits to keeping this type of calendar, and keeping your financial life organized seems daunting in list form, but is easier to do when spread out over the year. It is worth using the tips of experts to make this year financially safe, and maybe even manage to earn an additional profit.
Stay on top of your financial goals in 2023 with this financial to-do list and calendar from Morningstar director of personal finance @christine_benz. https://t.co/ndeYCehVDy
— Morningstar, Inc. (@MorningstarInc) January 8, 2023
