Chileans Vote to Ditch Pinochet-Era Constitution
On October 25, Chileans voted in a referendum to rewrite the state’s constitution with 78 percent of the vote supporting the change.
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October
Goldman Sachs Pleads Guilty to 1MDB Scandal and Pays $2.9B Fine
Last Thursday, Goldman Sachs Group, Inc. agreed to pay a $2.9B fine to regulators for raising funds for 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund tied to multiple cases of fraud and corruption. Dubbed as “one of the biggest financial scams in history,” the United States Department of Justice (DOJ) has led one of the world’s largest investment firms to plead guilty after further investigations ensued.
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PayPal Sparks a New Cryptocurrency Trend for the Digital Wallet
The digital payment giant PayPal (PYPL) announced on October 21st that it is expanding its market by allowing its 346 million worldwide users to use their digital wallet to buy, hold, and sell Bitcoin and other cryptocurrencies. Starting in 2021, PayPal users will also use their cryptocurrency as a payment method to PayPal’s 26 million merchants.
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NCAA Football Continues to Struggle With Virus
The NCAA brought back college football and to say the least, it was not a foolproof plan.
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2020 World Series: A Ray of Hope, Or A Dodged Bullet?
$155.7 million. That was the financial gap in payrolls on opening day this season between the Tampa Bay Rays, and the Los Angeles Dodgers. Now, the two franchises meet in the 2020 World Series as champions of the American League and National League.
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Stillman Fall 2020 Updates
The coronavirus has left universities all over the world adapting to new ways of learning and maximizing the available resources to students on and off campus, heavily relying on technology. Universities planned to return to campus in the fall, but the surge of cases in different parts of the United States has left many universities sending students back within a few weeks of opening doors for students.
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Top General Declines to Endorse Trump’s Afghan Withdrawal Timeline
On October 12th, with an interview with National Public Radio, the nation’s top General Mark A. Milley and chairman of the Joint Chiefs of Staff declined to endorse the White Houses orders to withdraw troops from Afghanistan.
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Sitting Down With Gabino Roche ’98, Founder of Saphyre
We in Stillman News recently had the opportunity to interview Gabino Roche, Seton Hall Class of 1998 and founder of Saphyre, a fintech startup revolutionizing the financial services industry by digitizing and speeding the pre-trading space, while providing trading and post-trade benefits for financial institutions at the same time. We are very grateful to Mr. Roche for his time, and for sharing his experiences with us.
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Activists in Thailand Protest for Democracy
Thailand has witnessed widespread protests since March, as citizens have demanded the Prime Minister step down, and have argued that the country is in desperate need of democratic reform.
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The Downsides of a Two-Party System
While the two-party system is prevalent within the United States, it may possess internal flaws that harm the political system.
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