From the pages or actually radio waves of Money Never Sleeps, I wanted to take the opportunity to thank the Society of American Business Editors and Writers for their recent conference in New York City last week, there were some really great speakers such as Bob Sullivan, he gave some great insight that was well received by financial journalist not only stateside but international journalist, I did get a lot from his panel, make sure to check out his latest focus called "The Restless Project" which encompasses economic anxiety and technology disruption that are impacting U.S. Families, you can follow him on twitter at @RedTapeChron. Others that gave some really great insight and had the minds working overtime were Blake Ellis of CNN Money, Amanda Gengler of Money Magazine, Kelli Grant of CNBC, Daniel Marson of the University of Alabama, Tim Mullaney of TheStreet.com, Greg McBride of Bankrate.com, Michele Raneri of Experian, Joe Ryan of Newsday, Charlie Wells of the Wall Street Journal, the awesome Lauren Young of Reuters and Mandi Woodruff of Yahoo Finance.
They all made some great contributions to the panels and even gave me a thought or too, definitely looking forward to having some of these great minds on "Money Never Sleeps" in the near future. Let me not forget the President and CEO of the National Endowment for Financial Education Ted Beck, great work!
All great journalist that contribute a ton to the next generation of financial journalist that may be coming out of CUNY Graduate School of Journalism, man you have to see that facility, high tech to the max, gotta love it.
I've been tweeting this out over the past few months, first that CNBC, since we are on the topic of financial journalism, but that CNBC should have a dedicated show solely for the technology arena, which they now have, featuring Jon Fortt , Carl Quintanilla and Kayla Tausche, but that was step one my next twitter input is CNBC really have a truly tech driven set, something that will draw the attention of the tech community as well as the financial community as opposed to it just being a financial set with a tech name, so I'm hoping for CNBC viewers that this happens as it will give a new dimension to the show Squawk Alley which airs Monday through Friday 11am sharp. You can follow them all on Twitter to get the latest from Squawk Alley.
Just stating on the CNBC topic for another couple of minutes, with the extreme volatility in motion and tons of confusion as where the market is going and what should you do, the one thing that I will say that you need to do is be well informed. So do yourself a favor and DVR these three CNBC shows, one if "The Halftime Report" with Scott Wapner, Pete Najarian, Mike Murphy, Steve Weiss and the rest of the round table, "Fast Money" with the same lineup and "Mad Money" with Jim Cramer, these three shows will put in layman terms what you should use to keep yourself informed during these turbulent times in the markets, both domestic and internationally.
Ok now its time to touch on the owner of the Dallas Mavericks, cast member of the popular show "Shark Tank" and just one shrewd businessman that has not fear in speaking his mind, that man is Mark Cuban. Recently he brought to light a topic that most Universities see as taboo, and that is the topic of "Student Loans." His view, which I actually agree with, is that if the government caps the amount of money that a student can borrow per year that this may spark the higher end Universities from continuing to raise their tuition fees while not budging on paying their professors more. Its funny but where is that tuition money really going? See Universities get donations from their wealthy alumni and then they build more and more. Prime examples in New York City are NYU and Columbia University, they receive hefty donations, have hefty tuitions, get tons of help from the city and state to acquire land to build more structures and still those tuition rates keep escalating and if a student doesn't have a wealthy family or sugar daddy its time to get a loan. So they get the loan and by the time they finish school they are in heavy debt.
Sure they got the education and hopefully they will land a great job but even if that occurs they are behind the eight ball from day one, so I’m sure there is a better way to go about all this, I'm not the expect and neither is Cuban however just bringing attention to the matter may spark some really smart person to come up with a solution and then a really passionate person to fight for it. When those people come to light I will definitely give them time on "Money Never Sleeps" to lay it on us.
- Louis Velazquez
Host- “Money Never Sleeps” Radio Show
www.louisvelazquez.com
www.ucwmagazine.com/moneyneversleeps
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