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The Fed’s top financial supervisor is worried about the Treasury market.

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Randal K. Quarles, the Federal Reserve’s vice chair for supervision, said on Thursday that the Fed and other regulators needed to look into what could be done to insulate the Treasury market after broad market turmoil in March caused it to jam up.

“We have to ask: What can be done to improve Treasury market functioning over the longer term so that this market can withstand a large shock to demand or supply?” Mr. Quarles said in remarks prepared for delivery to the Institute of International Finance.

In March, a mismatch between Treasury buyers and sellers amid widespread financial stress prompted the Fed to jump into the market, buying huge quantities of bonds and taking other measures to soothe conditions.

The Treasury market may have grown so large — swelled by debt issuance to fund America’s spending — that it has outpaced its ability to cope with periods of stress without help, Mr. Quarles, an expert on financial markets and the top regulatory official at the Fed, said during a question-and-answer session on Wednesday. It could be that “the sheer volume there may have outpaced the ability of the private market infrastructure to support stress of any sort there,” Mr. Quarles said.

That would be a major issue for financial regulators and financial market participants alike. The Treasury market is among the deepest and most liquid in the world — meaning that money invested in U.S. government bonds is expected to change hands easily and with little risk. Treasuries are used as the backbone for many other markets.

It also raised the prospect that the Fed might need to remain active in the market permanently, something that Mr. Quarles said on Wednesday that he had not yet concluded. The mere fact that he raised it, though, is a substantial statement. Just a decade ago, critics regularly blasted the Fed for large-scale Treasury purchases.

Mr. Quarles also highlighted on Thursday that short-term funding markets, including ones closely interlinked with Treasury markets, experienced widespread strain in March. “It is worth asking whether there may be other steps needed to secure these very important sources of liquidity,” he said.

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The 3 Most Common Mistakes Online Course Creators Make

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These errors will become a roadblock on your road to success.

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October 22, 2020 4 min read

Opinions expressed by Entrepreneur contributors are their own.

Adding an online course to your product suite and having a passive income stream on autopilot sounds amazing, right? And it doesn’t only sound amazing, it truly can be if you put in the work and take the right steps at the to create a digital product that sells and is scalable. 

But many course creators are guilty of either one or multiple of the following mistakes, which derails their progress before they even create the online course. Let’s shed some light on the three most common mistakes course creators make. 

Related: 4 Crucial Things To Consider Before Creating An Online Course

Mistake No. 1: Not creating a proper foundation

Building an online course is no different than building a house. When you build a house, you make sure that its foundation will withstand storms. You also don’t start building the roof before you know the cement that makes up your foundation has dried properly. 

So before you start recording your course content, you must validate your course idea and identify your dream students. You also need to create a name and a market proposition for your product that expresses the results of your course preferably in one word, or maximum in one sentence. 

Paying lots of attention to building a strong foundation at the beginning will set you off on the right path to be able to scale later on. 

Related: 5 Tips for Creating Your First (Successful) Online Course

Mistake No. 2: Never finishing the course

I speak to dozens of people every single day who have attempted to create an online course and have given up halfway through because they didn’t know what they were doing and didn’t know the next steps to take. Valuable knowledge has been temporarily parked on a drive, which then turns out to become a permanent parking spot. 

It’s easy to get distracted and discouraged when you embark on a brand new journey yourself and you haven’t done it before. Many course creators think they can do it alone and it’s easy to “just record a few videos” and “chuck the content into an online platform” … but it really isn’t. 

Creating an online course is a project, and it doesn’t happen overnight. Facing difficulties and hurdles is normal and will happen to you no matter what you do. It’s no different with online courses. You must prioritize and focus on finishing it. 

Related: Are Free Online Courses Worth the Time and Effort?

Mistake No. 3: Not knowing how to market and sell your online course 

At the beginning, the course is brand new to creators themselves, so it’s hard for them to market properly. Many course creators think they can just run Facebook ads to their sales page and see how it goes, only to end up burning lots of cash. If you are just starting out in your field and your course is new on the market, always start off with organic

It takes time to perfect your marketing message, learn about your customers’ objectives and write amazing copy. If you write bad copy on Facebook or in an email, so be it. You lost some time, but you can go back and tweak the copy. But if you write the same bad copy and place ads on it, Facebook becomes a black hole for your hard-earned money. 

Being successful with your online course does require you to build a strong foundation, create the amazing content your audience is asking for and figure out how to market it properly, short-term and long-term. Once you do, you will reap the rewards of your labor.

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Amazon Workers Threaten Shutdown Over Voting

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Workers at Amazon are calling on groups around the country to help shut down Amazon warehouses temporarily on Halloween if the company does not give all its employees a paid day off to vote.

The move is an escalation of the internal pressure being put on executives at the company, the country’s second-largest private employer.

In the past week, more than 6,500 Amazon corporate and tech workers have supported a proposal for all workers to get a paid day off to vote. Others have written to Jeff Bezos, the company’s founder and chief executive.

The organizing is led by Amazon Employees for Climate Justice, which has also mobilized thousands of corporate employees over the past year and a half to push the company to address its climate impact.

“We’ve gotten zero responses… crickets,” the group said about the company’s response to the proposal. The group called for other organizations to help close warehouses for 15 minutes on Halloween by blocking the exits used by Amazon’s trucks and vans.

The group said it had already lined up commitments from 350 Seattle, an environmental organizing group, and the King County Labor Council, a coalition of unions in the Seattle area, to try to shut down some Amazon warehouses in western Washington state.

“It is really to disrupt work for the day, for at least 15 minutes, and to hold space and send a message that this is a very critical election,” said Valerie Costa, the interim executive director of 350 Seattle. “We think it is really important that the country’s second largest employer gives time off to vote given that people are waiting in line for hours to vote.”

Amazon has more than 600,000 workers in the United States. The company did not immediately respond to a request for comment about the call for a temporary shutdown.

Last week, a company spokeswoman, Jaci Anderson, said that in states with in-person voting, workers can request time off at the start or end of their shifts to vote, but how many hours they’re allowed, and whether they’ll be paid, varies based on state law.

Many states require employees to be excused and paid for a few hours if voting conflicts with work schedules. But several battleground states, including Florida and Pennsylvania, do not require employers to provide paid time off for elections.

A growing number of retailers, including Walmart, offer paid time off nationwide, and some, like Best Buy and Patagonia, are closing for a few hours on Election Day, Nov. 3, so employees have time to vote.

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How Juanes 'stole' a Tesla without realizing it

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The singer told his story about the car that did not belong to him.

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October 22, 2020 4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

“Hey boy, in 20 years, nothing like this has ever happened to me!” Said the policeman who came to Juanes’ house after stealing a Tesla by accident . The Colombian singer told his funny story on video through a post on Instagram titled: ‘Storytime: I stole a car. #noesloqueparece ‘ .

“It was a very crazy day, I was in the studio working at 11 at night, Karen Cecilia arrives, my daughter Luna, ‘Juan, Juan, the police arrived at the house, they are outside asking for you’ and I? what?! What did I do? ”, The songwriter begins to tell.

“Well, under me and I find five police cars, 10 policemen armed to the teeth, only their eyes were visible. ‘Sir, we have reported that in this house there is a stolen car .’

Image: Juanes via Instagram

Juanes, of course, explained to the agent that his Tesla was parked, since he had returned from lunch with his wife. He said goodbye and went home, but the thorn was still present.

When he came back down, he noticed that the movies were still there. In addition to verifying that no one was spying on him. “I would look to the sides, to see if a neighbor was watching me,” he continued.

To get out of the doubt, Juanes showed the agents the application of the car, since Elon Musk’s Tesla need one to use. So, a police officer suggested that he check the license plates to be 100 percent sure.

What a surprise it was! Upon entering the vehicle, which was exactly the same as his, he realized that there was a napkin and other objects that did not belong to him. “My @ # da, this is not my car ,” said the singer.

“Mr. Officer, you can’t believe, that’s not my car. I don’t understand how I got on it. How did I open it up and get it started? The two died laughing and he told me ‘ hey boy, in 20 years something like this had never happened to me’ “.

“Karen Cecilia and I literally stole a car without realizing it, in Miami.”

Of course, the official marked the original dream that soon arrived at the artist’s house. He explained that he left the key inside and that is why he was able to use it. “We hug and laugh because this is so crazy.”

But that’s not the end of the curious story. The interpreter of ‘La Camisa Negra’ had to recover his car and he did it in a very particular way. ” I had to get on the patrol in the back, so all scolded .”

“We stole a car and we didn’t even realize it,” concluded the singer.

There is no doubt that the Elon Musk brand of cars Tesla is something to talk about and now it is no exception, even if it was by accident.

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