Wednesday, January 13, 2016

Should Daily Online Fantasy Sports be considered Gambling?


Image result for fanduel

It is difficult to watch a sporting event nowadays without seeing an advertisement for companies like DraftKings or Fan Duel.  These companies are online, daily sports gambling sites.  With the new technology that our world has created, these sites have stirred up some controversy among people that are pro- and anti-gambling.  In many states across the country, online gambling is considered illegal and sometimes, even gambling is illegal.  The only problem is that with new technology there are devices called Proxies, in which an individual can be in one state but bounce their electrical symbol off of another state to fool government into thinking they are actually using a different area of internet then they are.  Many states have been working to ban this type of gambling, especially New York, where the state won a court case ruling the online daily fantasy types a form of gambling and therefore, illegal.  This court case has been a huge deal for many people that participate in this fantasy activity.  Prior to this court case, many people allowed these sites to remain legal because they were seen as “games of skill” instead of “games of chance.”  Therefore, many states and jurisdictions did not believe these forms of fantasy to be a form of gambling and allowed for them to continue.
Image result for draftkings                The reason for the huge blowup of online, daily fantasy is the laziness of our society.  First of all, fantasy teams have been a part of sports for a very long time, normally taking place over an entire season.  Now, due to the modernization of society there has been a push towards quicker games in order to win more money, faster.  This development comes along with the developments in shipping, online shopping, and communication.  The problem with the new banning of this online gambling seems like our country is trying to stick with the old.  The fantasy world has been around for a long time and it has never been threatened as gambling.  The only difference between normal fantasy and online fantasy, is the amount of time each takes.  Our government is saying just because one is 6 weeks longer, then it is not considered gambling.  Legislation is trying to ban the idea of quicker fantasy and it looks as though they will succeed. 
Fan Duel Customer Growth
                Another large problem with trying to ban this type of sports fantasy is the hardship of trying to make the ban across the country.  With today’s technology, people can be in Pennsylvania, but confuse somebody tracking them to believe that they are in another state or country completely.  They use proxies to connect to internet and shoot their signal to another state or country.  Therefore, the trackers believe that they could be in a state with which this type of gambling is completely legal.  I believe if legislators want to ban this form of gambling, they must ban it nationwide and make it illegal altogether.  This new beast of gambling is very controversial and will cause much controversy in the future. 

                Online daily fantasy must first be labeled as gambling before it may be banned by governing bodies.  Once they are banned, the government must work to monitor and cover up these illegal activities that take place on the web.  New York took the first step to getting rid of this type of gambling and it looks as if many other states will follow closely behind the actions of banning it.  This controversial topic will continue to make national news as it is a huge company and has a lot of monetary value.  The blowup of this company has been stellar and if these companies do get banned, online gambling will take a huge hit. 

Citations:
"Are Daily Fantasy Sports Gambling?" US News. U.S.News & World Report, n.d. Web. 13 Jan. 2016.

Hiltzik, Michael. "Are Daily Fantasy Sports Contests Gambling or Games of Skill?" Los Angeles Times. Los Angeles Times, n.d. Web. 13 Jan. 2016. 


Brown, Maury. "The Death Of Daily Fantasy Sports." Forbes. Forbes Magazine, 12 Dec. 2015. Web. 13 Jan. 2016.

Friday, December 11, 2015

The Hartford Circus Fire of 1944





                


              The Hartford Circus Fire of 1944 was a horrific incident.  A number of precautionary measures could have been taken to avoid this fire.  The tent and everything around it was very vulnerable to a fire.  First of all, the tent being used was a canvas tent, which is highly flammable.  Also, the organizers of the circus decided to try a new method of fire repellent.  This new method of fire repellent was a mixture of four parts Texaco White Gasoline and one part Standard Oil Company Paraffin Wax.  This method was applied to the new roof of the circus and not the highly flammable canvas sidewalls.  Therefore, whenever the sidewalls caught fire there was no stopping the fire and the gasoline in the mixture helped it spread quicker.  Due to the high flammable canvas structure and the poor use of a fire repellent, the area was very vulnerable to the huge fire that took place.  There was basically no preparedness for this event and no help was close.
                The disaster that took place at Hartford in 1944 was a huge tent fire.  The steel seating was the only thing that remained, but much of those collapsed.  The canvas tent was completely burnt to the ground as the fire spread quickly and panic ensued.  Many people reported people getting trampled as hundreds of people quickly rushed to be free of the flames.  It is reported that at least 168 people died and about 484 others were injured.  This awful incident had many young children’s lives lost and reports of children screaming for their parents as they were engulfed by flames ensued.  At first, the cause of the fire was deemed to be somebody dropping a lighter or cigar on the side of the canvas.  2 years after the fire, a man named Robert Segree, who was an admitted arsonist, stated he started the fire.  He then told people in his late life that he lied about it and it actually was not him that started the fire.  The actual beginning is still not certain. 

                The post disaster efforts of this was the grieving and helping of the families who were lost or lost people in this fire.  Also, other circuses across the country were required to check their tents and better non-flammable items were beginning to get discovered.  Also, new techniques to ensure this does not happen again were put into place, like making sure there are proper exits and not just a bum-rush to get out.  The technology at this time just was not there to keep everything from not catching on fire.  This fire cost a large circus its entire facility and killed about 168 people.  The worst part is the amount of children that were killed.  The people just thought they were going to an enjoyable circus and then, they were no more.  This awful disaster could have been avoided if it were for some basic safety precautions.

Sources:
http://www.circusfire1944.com/cause-and-origin-study.html
http://www.hartfordhistory.net/circusfire.html
http://www.history.com/this-day-in-history/the-hartford-circus-fire

Wednesday, November 11, 2015

Financial Crimes



The spread of financial crimes committed over the years.

           Financial crimes are a huge problem in corporate America.  The problem is that people of power, or even people that want to gain power, take advantage of citizens and the money they possess.  There are many famous cases, like the Bernie Madoff case, in which people have gotten extremely wealthy off corruption and large financial crimes.  There are also some smaller cases, like the Wendy Beauchat case, in which people got wealthy in our area of Adams County.  Some of the main financial crimes include different kinds of fraud, embezzlement, identity theft, tax evasion, bribery, inside trading, money laundering, and many other types of financial crimes.  Examples of fraud are insurance fraud, corporate fraud, securities fraud, mortgage fraud, credit fraud, and many more.  Fraud is the wrongful deception intended to result in personal gain.
The prosecutions of financial crimes have begun to drop during the Obama administration.
 


The most common type of fraud in the United States is money laundering.  Money laundering is the process of taking money that was gained illegally and make it seem as if the accusation of this money was legal.  Often times, this money comes from illegal transfers from other countries or legitimate businesses.  The criminal will then take this illegal money and put it into their bank accounts, businesses or assets in order to help it look like a legal means of profit.  The criminal hides these transactions from government and policing agencies. 
Fraud/Theft was the third most common crime in America in 2009.
One of the most incredible financial crimes ever was the case of Bernard “Bernie” Madoff.  Famous pictures of Madoff in handcuffs have been the epitome of crime on Wall Street that have caused problems leading up to the 2008 Depression.   Bernie Madoff is infamous for his Ponzi scheme that was worth about 64 billion dollars.  A Ponzi scheme is a form of fraud in which the investors believe the business is successful because of quick returns on investments that is actually money from later investors.  Bernie Madoff was found guilty for his crimes in 2009 and sentenced to 150 years of prison and a restitution of about 170 billion dollars.  The incredible part about this Ponzi scheme is how long it lasted without anybody finding out about it.  First of all, there is no way that one man could run such a large operation by himself.  Bernie Madoff obviously had help, but nobody knew who exactly was helping him.  Through further investigation, it was discovered that Bernie Madoff was working directly with one of the largest banks in the world:  JP Morgan.  JP Morgan was using their broad spectrum of power to help Bernie Madoff conceal his illegal Ponzi scheme and stay working on this awful, but genius, form of fraud. 
Bernie Madoff getting arrested in 2008.


Another form of fraud that has been used in the past is embezzlement.  Embezzlement is the “fraudulent taking of personal property by someone to whom it was entrusted,” according to the Legal Information Institute in the Cornell Law School.  This awful form of stealing and fraud has even happened close to home in Adams County.  There is a big case that was resolved in the last year, in which Wendy Beauchat, a mother and lawyer in Gettysburg, PA, embezzled over 6 million dollars from her investors.   She embezzled the money from a group of elderly people.  Financial crimes are often overlooked by governments and are a problem in society.  These crimes give evil businessmen and other people profit by stealing and other fraudulent ways in getting somebody else’s money or assets.  Two of these awful crimes are money laundering and embezzlement.  We have no room for financial crimes in America.    

Sources:

http://www.huffingtonpost.com/dennis-m-kelleher/jp-morgan-chase-bernie-ma_b_6350296.html

Wednesday, October 28, 2015

Wave Energy



A Terminator Device
               


          There is a new technology that has the power to completely reform the current energy market and possibly get rid of our dependence on fossil fuels.  This technology is called wave energy.  The way this technology works is through a Wave Energy Converter or WEC.  This WEC takes the power that a wave possesses and turns it into electricity.  One of the most interesting and sustainable innovations of this technology is an object called a point absorber.  A point absorber is an offshore operation in which the device floats in the ocean and is anchored to the ocean floor.  A connected floating device is present in the middle and moves up and down relative to every wave that comes through.  The movement of this device through the point absorber causes the creation of energy.  The only problem with this technology is that it is very expensive and the device needs pretty constant maintenance to make sure it is as efficient as possible.  Another very good wave energy method is called a terminator device.  This method also produces no waste and can be used onshore efficiently.  The terminator device must be along the shore in order for the waves to travel into the device.  The machine uses a piston system in which the water moves pistons and forces air out through an airway.  This air that is forced out is then used to turn turbines located in the structure.  The movement from the turbine can be directly turned into electricity without any waste.  The main problem that is causing wave energy to not prosper is the lack of funding.  Wave energy has the capability to be a huge power source, but it needs to see the proper funding from government.  The only way to get this much money for studies and improvements on current technology would be through taxes and everybody knows that new taxes are not easy to pass.  Another problem with this technology is where the waves are the most powerful, are the places that there is bad weather conditions.  Scientists have to be able to develop technology that can account for these dangerous conditions.
Point Absorber

                The energy produced by Wave Energy Converters would be transported from the machine into an electrical generator and sent out among large rails, just as large electric plants work.  The energy comes from the waves, into a machine, through an electric generator, and then out to the consumers.  The amount of energy produced by the waves is not too much to be able to provide an entire country yet, but the developments are getting a lot more efficient and powerful.  The obstacles often deal with the efficiency of the machines, because energy is being lost when turning the wave power into electricity.  Finally, depending on the area the wave energy can be centralized or decentralized.  If it becomes a bigger power source, then it will have to be centralized to provide for the land-locked areas.  Many places do not have direct access to natural waves and therefore, coastal areas will have to produce for the others.  As of now, the plants are mostly decentralized because they can use less money in shipping whenever it is close.

                The consumption of this energy, along with all energy, can be reduced greatly by people being smarter with their use.  First of all, our society is careless with how we use our energy.  Everybody can save an amazing amount of energy by merely unplugging large appliances that are not being used.  Businesses will be able to find incentives to curb demand for this new wave technology by advertising the limited impact it leaves on the environment.  The technology has no lasting impact on environment and can be a cleaner energy.  As people begin to become more educated on the dangers of global warming and fossil fuels, we will strive to use more acceptable and clean energy.  Also, as these machines become more and more efficient, they will be able to overtake our large use of fossil fuels.  People will demand the use of natural energy production like wave power instead of burning fossil fuels.  Finally, we will discover that there is an endless supply of waves and tidal forces that can produce energy.  Fossil fuels will run out, but the power in waves will always be striking the coasts; day and night.       



Sources:

http://www.boem.gov/Renewable-Energy-Program/Renewable-Energy-Guide/Ocean-Wave-Energy.aspx

https://ilsr.org/challenge-reconciling-centralized-v-decentralized-electricity-system/

http://www.marinerenewables.ca/wp-content/uploads/2012/11/Energy-from-Waves-and-Tidal-Currents.pdf

Wednesday, October 21, 2015

The Reintroduction of Species






Image result for extinct animals
The Dodo bird, which is one of the extinct animals.



     Species reintroduction is a huge topic that takes place very frequently in today’s society.  The idea of reintroduction is a great way to help our ecosystems and make sure that certain animal species do not go extinct.  Species Reintroduction is whenever someone will take an animal or group of animals out of their natural habitat to give them a better habitat where they can flourish.  By making sure the numbers of the animals continue to grow while in captivity, the species will continue to get stronger until it is ready to be completely reintroduced to its natural habitat.  These efforts by environmentalists are a large part of the huge conservation movement sweeping the world.  We are starting to understand that humans are the deadliest things on the planet and we need to work against the damage that we have caused and are still causing.  Many of these efforts can be seen in helping ecosystems by returning them their original state through reintroduction. 



     The problem is that humans have been killing ever since we stepped on the planet and we are probably the most egocentric species on the planet.  Animals have started to go instinct and the only way to get them and our ecosystems back to their original form is through humans helping to fix it.  The social problems of the extinct animal is that many organizations like PETA are fighting to keep people more knowledgeable about the tragedy humans are causing.  Our killing has caused many species to suffer greatly and we need to realize the damage that is being done.  The political issues that impact many of these efforts to help out the animals are mostly related to money.  In order to have such a huge project be successful, the project must get funding to follow through in their plans.  And the best way to get funding quickly is through government.  Government’s budgets are often times getting fought over and everybody wants their share of government money.  This is no different for organizations that are trying to get money to help ecosystem’s animal populations.  Also, some laws and rules put into place in certain areas will constrict people’s abilities to reintroduce animals into the wild.
Map of bison reintroduction across the US
     A huge example of the benefits of reintroduction can be seen in northern Colorado.  In Colorado, there used to a very large number of bison that would roam the area.  Since hunting bison has become a fun game for many people, they have started to become endangered, especially on the prairies.  The bison were then taken out of the ecosystem and bred in captivity to ensure that they survived.  In a study, a group of scientists had the pleasure of studying the area’s ecosystems and the bison before and after the reintroduction process.  Before, the area was starting to grow barren and affect the lives of many humans along with all the organisms that relied on it.  After the bison were reintroduced, everything in the area was beginning to grow for the better.  The humans had better water and land to harvest, while the land become healthier.  The bison numbers have been growing ever since this study was held and this is a perfect example of how species reintroduction can help an entire area.  

Image result for northern colorado bison







Sources: