Is This Really a Thing?
Is This Really a Thing?
UCF College of Business
Business can be faddish. Paul Jarley, dean of the UCF College of Business, is on a mission to separate fads from fundamental change that will impact students. Join us as we chat with experts, enthusiasts and interesting people to talk business and pose the question… Is This Really a Thing?
Are the Excel Championships Really an eSport?
Are the Excel Championships just another bit of content for ESPN? Could it keep the Pac 12 alive? More importantly, is it an eSport and can we gamble on it? Listen in!   Featured Guests Andrew Grigolyunovich - Founder and CEO of the Financial Modeling World Cup David Clayton Brown, Ph.D. - Associate Professor of Finance at the Eller College of Business at the University of Arizona "Mr. Excel" Bill Jelen - Excel Expert, Consultant, Author & Play-by-Play Announcer Adrien Bouchet, Ph.D. - Richard & Helen DeVos Foundation Endowed Chair; Eminent Scholar of the DeVos Sport Business Management Program at UCF Sean Dennis, Ph.D. - Assistant Professor, Kenneth G. Dixon School of Accounting at UCF   Episode Transcription Announcer from the movie "Dodgeball: A True Underdog Story": Live from Las Vegas, It's the Las Vegas International Dodge Ball Open here on ESPN 8: The Ocho, bringing you the finest in seldom scene sports from around the globe since 1999. If it's almost a sport, we've got it here. Paul Jarley: But I have to admit I did not see this coming. This show is all about separating hype from fundamental change. I'm Paul Jarley, Dean of the College of Business here at UCF. I've got lots of questions. To get answers, I'm talking to people with interesting insights into the future of business. Have you ever wondered, is this really a thing? Onto our show. Paul Jarley: While, it most certainly isn't "Dodgeball," and we aren't breaking down Average Joe's, we are talking about the Excel Championships that just aired on ESPN, and will be heading to Las Vegas in December. Are the Excel Championships even close to an eSport? I really need help understanding why Excel is on ESPN. To form an opinion on this, I've assembled the following panel of experts. Andrew Grigolyunovich is the Founder and CEO of the Financial Modeling World Cup and joins us all the way from Latvia. David Clayton Brown is an Associate Professor of Finance at the Eller College of Business at the University of Arizona. Bill Jelen goes by the moniker Mr. Excel. He has authored several books on Excel and is the competition's play-by-play guy. Adrian Bouchet is the DeVos Endowed Chair of Sports Management and Chair of the Sports Business Management Program here in the College of Business. Finally, Sean Dennis is an Associate Professor in our Dixon School of Accounting. Listen in. Paul Jarley: So one of the very first podcasts I did was on eSports and the premise of it was whether eSports was going to be a thing or not. I came down on the side that I thought it was going to be a big thing that I thought it wouldn't just be a big thing in the professional ranks, that it would be a big thing in the college ranks as well. And one of the reasons I thought that that would be true is it would be a way for universities to promote a group of geeky students with a unique offering, but I have to admit, I did not see this coming. When I saw the ESPN promotion on The Ocho for this event, I thought, wow, this is one I just wouldn't have imagined. I'm going to start with David and Andrew here. Where did the idea for these kinds of competitions come from? Andrew? Andrew Grigolyunovich: It all started, I think that was back in 2012, the first competition of a similar kind that was called ModelOff that was created by two guys in Australia and they were doing that on an annual basis and that was devoted to financial modeling. That was called the Financial Modeling World Championship. They had a name brand named ModelOff. I was one of the players, David was one of the players there. We were good players, we made it to the finals a couple of times and in 2016 we were among the top 16 players in London. So the difference between what you saw on ESPN, first of all, that was annual,
Sep 5, 2023
30 min
Part 2: Will AI Depopulate Hollywood?
Could Artificial Intelligence make Hollywood a ghost town? Reality TV, strikes and cyborgs, OH MY! Hollywood may be heading toward AI-generated content, and we all may already be living in a cyborg state … so was this episode AI-generated? This is part two of a two-part episode. Be sure to go back and listen to Part 1: Will the Hollywood Strike be an Extended Thing?   Featured Guests David Luna, Ph.D. - UCF College of Business Robin Cowie - Phygital Experience Creator & Feature Filmmaker Cassandra "Cassi" Willard, J.D. - Instructor, Department of Management, UCF College of Business & Program Director, Blackstone LaunchPad at UCF Ray Eddy, Ph.D - Lecturer, Integrated Business, UCF College of Business   Episode Transcription Actor Bryan Cranston speaking at a SAG-AFTRA strike rally in Times Square in New York City on July 25, 2023: Uh, we've got a message for Mr. Iger. I know, sir, that you look through things through a different lens. We don't expect you to understand who we are, but we ask you to hear us, and beyond that, to listen to us when we tell you we will not be having our jobs taken away and given to robots. Paul Jarley: The real issue, Bryan, is whether the AI listens and understands us. This show is all about separating hype from fundamental change. I'm Paul Jarley, Dean of the College of Business here at UCF. I've got lots of questions. To get answers, I'm talking to people with interesting insights into the future of business. Have you ever wondered, is this really a thing? Onto our show. In our last episode, we explored the current writers and actor's strikes and how the parties might come to some agreement to get everyone back to work and spare us a lot of new reality TV. A key part of that analysis involved the limitations of AI today. It can't produce a final product without humans. That, of course, is today. AI technology is changing rapidly and its impact on the industry is likely to grow over time. In today's episode, we look at the long-term implications of AI in Hollywood and ask, could AI depopulate the industry in 10 years? In other words, could it eliminate or substantially reduce the number of people working in Hollywood, especially the writers and actors. To shed light on these topics, I returned to the discussion I had with my group of UCF experts. To just remind everyone, Cassandra Willard is an instructor and program director in our Center for Entrepreneurship and a practicing attorney with extensive experience in entertainment law. Ray Eddy is a lecturer in our Integrated Business department with an interest in understanding the customer experience. Ray is not just an academic, he has worked as a stunt man, started his own production company and written, directed and starred in several performances. David Luna is a professor in our Marketing department. He is currently working on several projects, studying human machine interactions in the context of chatbots, intelligent assistance, and AI. And last but not least is Robin Cowie. Rob is a graduate of our Motion Picture Technology program at UCF. He's a little hard to summarize, having worked in a variety of positions in the industry from EA Sports, to Nickelodeon, to the Golf Channel, and the Dr. Phillips Center for Performing Arts. Today, he is the President and CTO at Promising People, a company that produces training and placement services for people who have been incarcerated. But, you probably know Rob best from his work as co-producer on "The Blair Witch Project." Listen in. David, if AI is going to depopulate Hollywood, it's going to have to produce movies that are more profitable than the ones being created today. What do you see as the main issues here? David Luna: There are different kinds of costs involved in making a movie, right?
Aug 28, 2023
29 min
Part 1: Will the Hollywood Strike be an Extended Thing?
More reality TV? AI-generated “South Park” episodes? Is this where Hollywood is heading thanks to the latest writer and actor strike? We find out from UCF experts how, and why, the strike will be resolved and how AI will play into plans moving forward. This is part one of a two-part episode.   On July 14, 2023, members of the Hollywood actors' union, SAG-AFTRA, stood with screenwriters, forming a picket line outside Amazon Studios in Los Angeles, California. This marked the commencement of an actors' strike. SAG-AFTRA joined forces with the Writers Guild of America workers, who had been engaged in a determined strike against the Hollywood studios for three months. This joint walkout, a rare occurrence not witnessed since 1960, underscores the magnitude of the situation. The collaboration between SAG-AFTRA and WGA intensifies the impact of the strike, with the potential to bring Hollywood productions to a complete standstill.   Featured Guests David Luna, Ph.D. - UCF College of Business Robin Cowie - Phygital Experience Creator & Feature Filmmaker Cassandra "Cassi" Willard, J.D. - Instructor, Department of Management, UCF College of Business & Program Director, Blackstone LaunchPad at UCF Ray Eddy, Ph.D - Lecturer, Integrated Business, UCF College of Business   Episode Transcription SAG-AFTRA President Fran Drescher in a press conference July 13, 2023: The entire business model has been changed by streaming, digital, AI. This is a moment of history that is a moment of truth. If we don't stand tall right now, we are all going to be in trouble. We are all going to be in jeopardy of being replaced by machines. You cannot change the business model as much as it has changed and not expect the contract to change too. We are labor and we stand tall and we demand respect. Paul Jarley: Oh my, this is going to get really complicated. In the meantime, prepare for a new round of reality TV. This show is all about separating hype from fundamental change. I'm Paul Jarley, Dean of the College of Business here at UCF. I've got lots of questions, to get answers, I'm talking to people with interesting insights into the future of business. Have you ever wondered, is this really a thing? On to our show. The writers and actors haven't been out on strike together since 1960. Then, it was partly about how television was impacting the film industry and getting residual income for writers and actors from movies that were then being shown on TV. The business model was changing and labor wanted its share. Screen Actors Guild President Fran Drescher's comments at the start of this podcast note that technology is changing the business model again with streaming services, digital media and AI among the main drivers. This is a very complicated situation, so complicated, that we couldn't fit it into our usual 25-to-30 minute podcast. So we decided to split it into two parts. Today we will tackle the basics of the strike and how and when we see it being resolved. The second part, we'll do a much deeper dive into AI and Hollywood and how that is likely to change the industry going forward, especially for writers and actors. Essentially, we want to answer the question, will anybody be left in Hollywood in 10 years?   As always, to shed light on these topics, I've assembled a group of UCF experts. Cassandra Willard is an instructor and Program Director at our Blackstone Launchpad and a practicing attorney with extensive experience in entertainment law. Ray Eddy is a lecturer in our Integrated Business program with an interest in understanding consumer experiences. Ray is not just an academic, he has worked as a stuntman, started his own production company and written, directed and starred in several performances. If you've been to Walt Disney World in the last several years,
Aug 21, 2023
23 min
Was Innovation in the Pandemic Really a Thing?
Did the pandemic spark a flurry of innovation or was everyone too busy bingeing Tiger King and Outerbanks and Zooming to endless happy hours to launch new businesses and products? Dean Paul Jarley turns to UCF's entrepreneurial in-house experts along with an alum whose company helps startups grow and scale to find out the answer.     Featured Guests Caroline Castille - CEO, Clickable Impact Cameron Ford, Ph.D. - Associate Professor, Management; Founding Director, Center for Entrepreneurial Leadership and StarterLab Director, UCF Blackstone LaunchPad Carol Ann Dykes Logue - Director, Programs & Operations Innovation Districts & Incubation Program, UCF Business Incubation Program Michael Pape, Ph.D. - Dr. Phillips Entrepreneur in Residence; Professor of Practice, Management   Episode Transcription Caroline Castille: I think we're going to see a lot of more entrepreneurial people out there who are more hunt-to-kill type of people instead of grazers, just worker bees in the company, which I love. That's going to make more people, not only in control of their lives, but it's going to make the economy even stronger. Paul Jarley: Did I just get called a grazer? When did that become a thing? Paul Jarley: This show is all about separating hype from fundamental change. I'm Paul Jarley, Dean of the College of Business here at UCF. I've got lots of questions. To get answers, I'm talking to people with interesting insights into the future of business. Have you ever wondered, "Is this really a thing?" Onto our show. Paul Jarley: My sense is, in talking to a lot of faculty and editors, that submissions to journals in terms of research were down during the pandemic. And I think part of it was because people didn't have access to subjects like they might normally have if they were doing certain kinds of research. Some of it, I think, was just the general angst people had. And then maybe third, people didn't get together in groups, maybe, as much, and to the extent that sometimes ideas come out of group conversations. And then it got me thinking as to whether or not there's sort of a similar phenomenon with respect to innovation and entrepreneurship. Paul Jarley: To answer that fuzzy question, I assembled today's panel of experts. Caroline Castille is a UCF grad, a finalist in the 2014 version of the Joust, and a serial entrepreneur. Cameron Ford is the founding Director of the Center for Entrepreneurial Leadership at UCF, and an associate professor in our Department of Management. Carol Ann Dykes Logue is Director of Programs and Operations at the UCF Innovations District and Incubation Program. And Dr. Michael Pape is the Dr. Phillips entrepreneur and residence in the Department of Management, and serves as the director of the UpStart Student Venture Accelerator at UCF. Mike, let's start with you. Did innovation go up or down as a result of the pandemic? Michael Pape: One way that we measure innovation, which is a new way to do things, at least with a solid metric, is patent submissions. So I was interested in this, been reading about this, and if you look at patent submissions, they kept going up and up and up, the USPTO, the US Patent and Trademark Office. Paul Jarley: Yeah. Michael Pape: They publish all these stats every year. If you look through, they started the plateau in 2016, interestingly enough- Paul Jarley: Before the pandemic, yeah. Michael Pape: Yeah, and they've stayed pretty flat, but that's sort of a gross aggregate, obviously. And that's just the U.S. But I did see that in other countries, they had actually an increase in the number of patent applications, depending, again, what's your point of reference as you try to in...
Sep 26, 2022
20 min
Is Inflation Really Our Friend?
Inflation hasn’t been much of an issue since Jimmy Carter was in office. But—like Mom Jeans and mullets—it’s totally back. This time, though, it feels different. We’re paying more than ever at the pump and in the grocery stores, so what’s to blame? Is it government spending? Supply chain shortages? The war in Ukraine? We’ve got questions, so we turned to UCF economist Sean Snaith for answers. Additional Resources Want to learn more? Check out Snaith’s latest U.S. Economic Report from UCF’s Institute for Economic Forecasting. Featured Guests Sean Snaith, Ph.D. - Director, Institute for Economic Forecasting   Episode Transcription Paul Jarley: Inflation hasn't really been an issue since the Carter years. That Saturday Night Live skit was Dan Aykroyd impersonating Jimmy Carter. Inflation is definitely not the friend of people who are on fixed incomes. Today's inflation, though, feels a little different. Some people think it's not a surprise. We printed a bunch of money during the pandemic, and we're suffering the consequences to that. Spending was high, particularly government spending. Some people blame it on supply chain shortages. Some people blame it on the war in Ukraine. Some people believe it's a government conspiracy. To sort through all of those things, when Sean gets here, we will have a conversation with him that will help us shed some light on where inflation really is today and where we think it's going in the future. Well, here he is. I'm assuming you're in big demand these days. Sean Snaith: Yeah. I've spoken on at least two occasions about inflation over the past year and a half. Paul Jarley: So you raising your prices, given all this demand? Sean Snaith: No, competition's too fierce. Paul Jarley: Really? Yeah. Sean Snaith: Yeah. Economists are a dime a dozen. Paul Jarley: Well, that's probably true, but you're the prettiest one I have, buddy. Sean Snaith: Aw. You're like my magic mirror. What fairy tale was that? Who's the fairest economist in the land? Paul Jarley: Oh, that's not even close. I mean, it's a low bar if you've met most economists, right? Sean Snaith: I build a career on low expectations. Paul Jarley: There's no GQ for economics. I've never seen it. Sean Snaith: No. We did do a GDP GQ... Paul Jarley: There you go. Very nice. Sean Snaith: But yeah, the model was not an attractive man. Paul Jarley: I would imagine not. So how unattractive is it right now? Sean Snaith: Well, we're making the call when our release goes out that we are in or very close to a recession right now. And speaking to different groups and to the media over the past year, all of this can be traced back to the policy response to COVID-19 in 2020. Paul Jarley: We'll come to that in a couple minutes. A few weeks ago I was driving home and when I drive home from the gym, I tend to put on sports talk radio. It's my time to kind of catch up with. And the guy was railing against the inflation number in the sense that he didn't believe it, that he thought the reported one was too low. And he was quoting the doubling in gas prices over a period. And yeah. So talk a little bit about how that inflation number is actually put together and what it really means. Sean Snaith: Many of the variables in macroeconomics have measurement issues. Financial markets, interest rates... Paul Jarley: Pretty simple stuff right? Sean Snaith: To the second on the spot. When you start talking about GDP, employment, unemployment inflation, now you're dealing with something that's not as directly observable.
Jul 13, 2022
24 min
Is Name, Image, Likeness in the NCAA Really a Thing?
This past summer marked a significant change for college athletes as the NCAA voted to allow them the opportunity to benefit from their name, image and likeness. While it's certainly a significant change in the NCAA's approach and rulemaking, what will it mean for most student athletes, especially those outside the big conferences and revenue-generating sports like football and basketball?   Featured Guests Terry Mohajir - Vice President & Director of Athletics at UCF Brittney Anderson-Duzan - Associate AD for Compliance at UCF Scott Bukstein - Undergraduate Program Director & Associate Instructor of Sport Business Management at UCF   Episode Highlights 01:08 - What is NIL? 04:27 - What's going on nationally? 06:26 - What's the total value of the market? 09:08 - Is it going to impact recruiting? 14:54 - Are there guidelines for sports agents? 18:52 - Is NIL the endgame or are more changes coming? 27:05 - Dean Jarley's final thoughts   Episode Transcription Paul Jarley: This would not have happened a year ago. Valerie Moses with Addition Financial (00:02): Good morning. It is so great to see you all here today. We are so proud of our partnership with Dillon Gabriel and with UCF Athletics and with the College of Business, we're a proud partner. You can see us at the student gate at any football game, so please come visit us. We are incredibly honored to sponsor this morning's event and to get to hear from Dillon and from [Steven 00:00:24] as well, all about the NIL partnerships. This is such a huge brand new front here, I would say, in the world of sports business and something that we all really need to be paying attention to. So it is very exciting to see these partnerships really come alive, and we are so grateful for our partnerships here today. Paul Jarley (00:44): Will this newfound right to publicity change college athletics forever? Paul Jarley (00:48): This year was all about separating hype from fundamental change. I'm Paul Jarley, Dean of the College of Business here at UCF. I've got lots of questions. To get answers, I'm talking to people with interesting insights into the future of business. Have you ever wondered, is this really a thing? On to our show. Paul Jarley (01:08): Name, image and likeness is a legal concept that allows any person, including student athletes, the right to publicity, the ability to capitalize on anything that identifies them, including the ability to engage in third-party sponsorships and endorsements. Some people think this will change college athletics as we know it, others aren't so sure. They think the marketplace will adjust, and that the benefits will accrue to a very few. To help sort through this, I've assembled three guests. Terry Mohajir is UCF's athletic director, Brittney Duzan is the associate AD for compliance, and Scott Bukstein is an associate instructor in our DeVos Sports Business Management Program. Listen in. Paul Jarley (01:51): As I understand NIL, this is being dealt with on a state-by-state basis. So what does Florida allow student athletes to do now that they couldn't do before? Brittney, I'm going to throw that to you. Brittney Anderson-Duzan (02:06): Sure. So, like most states, the state of Florida is one of the few that actually has a legislated piece for name, image and likeness. So essentially what they now have is the right to utilize their name, image and likeness for commercial purposes, so whether that be for money or not for money, that they weren't allowed to do previously by NDA legislation. So basically, they have the right to publicity now. Paul Jarley (02:32): They can print their faces on t-shirts. Can they get appearance fees?
Dec 20, 2021
28 min
Is Shrinkflation Really a Thing?
Find yourself asking "Where's the beef?" when you order a burger these days? You could be a victim of "Shrinkflation." Rising demand post-pandemic and disrupted supply chains are impacting many of the goods and foods we consume. Will we be getting less of a product for the same price as companies try to protect their bottom lines? Hear what a UCF economist and Marketing professors have to say about what to expect and whether you need to watch out for Shrinkflators around every corner.   Featured Guests Uluc Ayson, Ph.D. - Associate Professor in the Department of Economics at UCF Anand Krishnamoorthy, Ph.D. - Associate Professor of Marketing Muge Yayla Kullu, Ph.D. - Associate Professor of Marketing at UCF Axel Stock, Ph.D. - Associate Professor of Marketing Yael Zemack-Rugar, Ph.D. - Associate Professor of Marketing at UCF Episode Highlights 00:14 - Introduction 01:26 - Are we experiencing inflation? 03:40 - What prompts companies to become shrinkflators? 05:30 - What are some examples of shrinkflation? 08:40 - Are we more sensitive to price than changes in service or packaging? 13:00 - Are there any consumer benefits to shrinkage? 28:00 - Will shrinkflation be here in a year? 32:04 - Dean Jarley's final thoughts   Episode Transcription Assorted Speakers:“Where's the beef?” “Why is my six-count nugget now a five count nugget? Where's my other nugget?” “You mean shrinkage?” “Significant shrinkage.” “So you feel you were short changed?” “Yes.” Zemack-Rugar: So apparently if you reduced one dimension, but you make it longer, then people perceive the same size because we can't assess volume. Jarley (Host): : As Erin Turner would say, this is how they get ya. Jarley: : This show is all about separating hype from fundamental change. I'm Paul Jarley, Dean of the College of Business here at UCF. I've got lots of questions. To get answers, I'm talking to people with interesting insights into the future of business. Have you ever wondered, is this really a thing? Onto our show… Jarley: A couple of weeks ago, I read an article claiming that for a variety of reasons, some companies were cutting back on the size of their offerings rather than increasing their price. I was intrigued. So I sent an email out to the faculty and within an hour, I had 10 people who had volunteered to become part of a podcast on this subject. It made me think that shrinkflation was at the very least, well, an academic thing. Conflicting schedules reduced the size of our panel from 10 to five, but I have one economist and four associate professors of marketing with me today to talk about what's going on. Muge Kullu, Yael Zemack-Rugar, Axel Stock and Anand Krishnamoorthy all hail from our Marketing Department. Listen in. Before we get to shrinkflation, Uluc, are we experiencing inflation right now? Ayson: Yes, we are. So if you look at TPI inflation, it's called headline inflation. It has increased in the past three months. We went from below 2 percent to 2.6, 4.1. Now it's just four points, 4.6. And then now it's just at 4.9, uh, which is considered high based on the past three decades. And it's high compared to the Fed implicit inflation target as well, which is 2 percent. So it is increasing. Jarley: It's a really odd situation here. We've had an economy that's been largely shut down for a year. That's coming back. Give me some sense of how much of this is sort of a supply chain issue and how much of it is due to other factors. Kullu: Companies had trouble from the supply end, also from the demand end, you know, like people just ran to the store and cleaned off the shelves for toilet paper.
Jul 7, 2021
33 min
Are NFTs Really a Thing?
If you're wondering what an NFT, aka Non-Fungible Token, is, well, you're not alone. CryptoPunks and CyberCats are selling for six and seven figures and even Christie's is getting in on the digital art action. So we've got questions...what are these digital items, why are people investing a fortune in them (and should you?), and what does that mean for the financial sector and the art world?   Featured Guests Buvaneshwaran "Eshwar" Venugopal, Ph.D. - Assistant Professor of Finance at UCF Carla Poindexter, M.F.A. - UCF Professor of Art Lory Kehoe - Director, Digital Assets & Blockchain, BNY Mellon Episode Highlights 0:26 - Introduction 2:04 - What the heck is an NFT? 04:01 - What do I actually own? 05:58 - What's actually in the blockchain? 11:33 - Why did the bank become interested in an NFT? 15:10 - When the world gets back to normal, will this all go away? 21:40 - What keeps you up the most at night about NFTs? 24:45 - 10 years from now are NFTs going to be around and what are they mainly going to be used for? 28:15 - Dean Jarley's final thoughts   Episode Transcription Paul Jarley: Eshwar, I'm going to start with you. What the heck is an NFT? Eshwar Venugopal: I think the world is trying to figure it out. Paul Jarley: This here was all about separating hype from fundamental change. I'm Paul Jarley, dean of the college of business here at UCF. I've got lots of questions. To get answers, I'm talking to people with interesting insights into the future of business. Have you ever wondered, is this really a thing? Onto our show. (singing). On March 11th, CryptoPunk 3,100, a piece of digital art, sold for $7.6 million with an NFT. That broke the record set the day before by CryptoPunk 7804, which had sold for $7.5 million. Then on March 21st, Beeple's the First 5,000 days sold for $69.3 million. Needless to say, people took notice. I took notice. Well, honestly, Josh told me to take notice. I was hesitant. This all seemed pretty esoteric. Techno geeks with stupid money doing techno geeky things, I thought.But then Forbes did an article. I noticed Christie's auction house was involved. And so I started to send some emails and make some phone calls. My resident blockchain guy had an interest in this. The dean of arts and humanities, Jeff Moore, put me in contact with an artist interested in NFTs. The kicker was Jeff Stokes. Jeff is a member of my dean's advisory board, with BNY Mellon, who put me in contact with their digital asset guy. If Alexander Hamilton's bank was interested in NFTs, I figured I should be too. So to shed some light on this new phenomenon, we have with us today, Eshwar Venugopal, who is an assistant professor here in the finance department at UCF, Carla Poindexter, who is the professor of art at UCF, and Lory Kehoe, who is the director of digital assets and blockchain at BYN Mellon. Listen in. Paul Jarley: Eshwar, I'm going to start with you. What the heck is an NFT? Eshwar Venugopal: An NFT is basically a certificate of ownership of a digital group. Basically giving artists an ability to offer limited additions of their artwork. I'm going to use artists as an example over here, since we have Carla over here. But I have a problem with that, but I'll come to it later on. But the idea is that you have a certificate of ownership and it is a limited edition product and it is more of a digital collection rather than a physical good. That's how it has been envisioned. But things have been changing rapidly. These days, if you take some of the latest NFTs that are being minted, there is a physical aspect of it. One guy actually sold his house on NFT. So, things are a little bit blurry now, but if you take a look at it from a property perspective,
Jun 4, 2021
31 min
Are Meme Stocks Really a Thing?
GameStop and AMC made national headlines for unexpected reasons as retail investors from social media website Reddit began feverishly scooping up shares in each company. While the resulting drama caused wild swings in stock prices and scrutiny against some online trading platforms, the long term impacts remain to be seen. Did "Redditors" usher in a new era of retail stock trading? Or are these so-called meme stocks just another example of financial history repeating itself? Featured Guests Garrett Cummings - President, UCF Young Investors Club Josh Miranda - Communications & Marketing Coordinator, UCF College of Business Kevin Mullally, Ph.D. - Assistant Professor of Finance, UCF College of Business Episode Highlights 1:04 - Introduction 2:48 - Why would anyone invest in GameStop? 7:22 - What led to the media spotlight on $GME? 12:37 - Who is the group driving the run on GameStop stock? 14:27 - Is this a legitimate area of finance research? 16:37 - Historical similarities 20:12 - How is this run on $GME going to end? 22:08 - What's the future for meme stocks as a whole? 28:27 - Will this still be a story a year from now? 31:33 - Dean Jarley's final thoughts
Feb 10, 2021
34 min
Will the Economy Fully Recover in 2021?
After one of the deepest recessions in history, the U.S. economy still has roughly 10 million fewer jobs than before the COVID-19 pandemic began. While some say the economy is improving faster than expected and has seen significant growth in recent months, it could be some time before the U.S. returns to pre-pandemic highs. What will drive the economy back into recovery? And can it happen before 2022? Sean Snaith, Director of UCF's Institute for Economic Forecasting, explains his timeline and predictions for complete economic recovery. Featured Guests Sean Snaith - Director, UCF Institute for Economic Forecasting Episode Highlights 0:45 - Sean Snaith introduction 1:31 - Just how bad did it get in 2020? 4:54 - How Sean Snaith describes the economy today 7:01 - The U.S. government's response 9:46 - Will new stimulus packages be effective? 11:41 - How did Florida fare compared to the U.S. economy? 16:06 - The future of the U.S. and Florida economies 18:18 - Economic recommendations for the Biden Administration 22:48 - New taxes? 25:21 - Are the "Roaring '20s" going to be a thing? 26:54 - Paul Jarley's final thoughts
Feb 3, 2021
28 min
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