Making Money Program
I’m a bit of a movie fanatic. As such, back in the day one of my favorite websites was Hollywood Stock Exchange (HSX). On it, you bought and sold both movies (moviestocks) and movie stars (starbonds) based on how you thought they would do with upcoming releases. Of course, all of this was done with virtual cash (H bucks), making it a fun game. But in April, the game turns real. As in, real money.
On April 20, HSX will become a real-money commodity exchange, according to The Hollywood Reporter. As such, they’ve had to file with the U.S. Commodity Futures Trading Commission for approval, which they did in November, and are now in the final phase of approval, apparently. Yes, this is actually happening. And yes, this will essentially make HSX a real-world betting site.
As THR notes:
Once launched, a new HSX site will list current and imminent movie releases with their projected four-week domestic grosses and allow exchange users to take long or short positions on the films.
And:
Investors wishing to participate in the exchange will buy “contracts” priced at one one-millionth of a film’s projected boxoffice, with films to be listed on the exchange from the time productions are announced in the industry trade papers. Trading will begin six months before a movie’s anticipated wide release.
And while the target audience is film fanatics, they’re also targeting Hollywood industry types, though warns that anyone doing any kind of insider trading is subject to prosecution just as with any other market.
Cantor Exchange, which is working with HSX on this transition to real money has more details and is kicking things off with a practice exchange until the real one is approved:
Everyone starts with 10,000 “virtual dollars” in a Cantor Exchange practice account, and at the end of the practice period Cantor Exchange will convert each 1,000 virtual dollars of profit you earn into $10 cash and deposit it into your real-money trading account (maximum $100 per trader). So if you earn 10,000 virtual dollars in profit while practicing on Cantor Exchange, you get $100! There is no cost to participate in this program.
This should be interesting, to say the least. This is certainly one way for a website to make money.
The findings by Finkelhor and his co-authors were based on two national surveys of children ages 2 to 17 conducted five years apart – the first in 2003, involving 2,030 children, and the second in 2008, asking the same questions of 4,046 children. The findings were published this week in the Archives of Pediatrics & Adolescent Medicine.
Children aged 10-17 were interviewed directly about various forms of violence and victimization they had experienced. In the cases of children under 10, parents or other caregivers were interviewed.
The researchers said the biggest declines in the various forms of violence and bullying were among children from low-income households.
Snyder said this finding meshed with observations by the Olweus staff.
“Many of the grants have been awarded to large inner-city schools where crime and violence rates had been high and economic conditions were low,” she said. “We've seen that when those communities have had the money, they could be successful.”
Snyder cautioned that even schools making headway against bullying programs should remain vigilant.
“You have to keep at it, training new teachers every year – not just training one time and you're done,” she said. “I hope this progress holds because, frankly, when they have to make hard decisions, these are the kind of programs that often fall under the financial ax.”
Diane Cargile, president of the National Association of Elementary School Principals, said she was pleased but not surprised by the survey's findings.
“I know the efforts that principals and teachers have made to be sure they have a safe school – from the ride on the bus in the morning, through the day at school, to the ride home,” said Cargile, principal at Rio Grande Elementary School in Terre Haute, Ind.
She said the anti-bullying initiatives have made many children more willing to seek help from adults when they are targeted.
Along with bullying and assaults by peers or siblings, the new study also found declines in several other forms of child victimization, including sexual assaults and emotional abuse by caregivers. It found slight increases in dating violence, robbery targeting children and the witnessing of violence among other family members.
The survey did not specifically address the bullying of young people for reasons related to sexual orientation, which gay-rights groups consider to be a pervasive problem. The Gay, Lesbian and Straight Education Network said its research indicates this type of harassment remained stable between 2001 and 2007.
Overall, the findings by Finkelhor and his co-authors were positive – and came on the heels of a major federal study documenting an unprecedented decrease in incidents of serious child abuse. That report, the National Incidence Study of Child Abuse and Neglect, found that incidents of serious physical, sexual or emotional abuse dropped by 26 percent from 1993 to 2005-06.
Professor James Garbarino, an expert on childhood aggression at Loyola University's Center for the Human Rights of Children in Chicago, drew an analogy between the campaign against bullying and efforts that began even earlier to combat domestic violence.
“If you pay attention to a phenomenon and devote some resources to dealing with it, praise the Lord, sometimes we actually improve things,” he said. “It's gotten on people's radar. There have been more and more challenges to the myths that bullying can be good for kids, that it builds strength.”
___
On the Net:
Archives of Pediatrics & Adolescent Medicine: http://www.archpediatrics.com
Olweus anti-bullying program: http://www.olweus.org
Get HuffPost Denver On
Twitter, Facebook, and Google Buzz!
Know something we don't? E-mail us at denver@huffingtonpost.com
I’m a bit of a movie fanatic. As such, back in the day one of my favorite websites was Hollywood Stock Exchange (HSX). On it, you bought and sold both movies (moviestocks) and movie stars (starbonds) based on how you thought they would do with upcoming releases. Of course, all of this was done with virtual cash (H bucks), making it a fun game. But in April, the game turns real. As in, real money.
On April 20, HSX will become a real-money commodity exchange, according to The Hollywood Reporter. As such, they’ve had to file with the U.S. Commodity Futures Trading Commission for approval, which they did in November, and are now in the final phase of approval, apparently. Yes, this is actually happening. And yes, this will essentially make HSX a real-world betting site.
As THR notes:
Once launched, a new HSX site will list current and imminent movie releases with their projected four-week domestic grosses and allow exchange users to take long or short positions on the films.
And:
Investors wishing to participate in the exchange will buy “contracts” priced at one one-millionth of a film’s projected boxoffice, with films to be listed on the exchange from the time productions are announced in the industry trade papers. Trading will begin six months before a movie’s anticipated wide release.
And while the target audience is film fanatics, they’re also targeting Hollywood industry types, though warns that anyone doing any kind of insider trading is subject to prosecution just as with any other market.
Cantor Exchange, which is working with HSX on this transition to real money has more details and is kicking things off with a practice exchange until the real one is approved:
Everyone starts with 10,000 “virtual dollars” in a Cantor Exchange practice account, and at the end of the practice period Cantor Exchange will convert each 1,000 virtual dollars of profit you earn into $10 cash and deposit it into your real-money trading account (maximum $100 per trader). So if you earn 10,000 virtual dollars in profit while practicing on Cantor Exchange, you get $100! There is no cost to participate in this program.
This should be interesting, to say the least. This is certainly one way for a website to make money.
The findings by Finkelhor and his co-authors were based on two national surveys of children ages 2 to 17 conducted five years apart – the first in 2003, involving 2,030 children, and the second in 2008, asking the same questions of 4,046 children. The findings were published this week in the Archives of Pediatrics & Adolescent Medicine.
Children aged 10-17 were interviewed directly about various forms of violence and victimization they had experienced. In the cases of children under 10, parents or other caregivers were interviewed.
The researchers said the biggest declines in the various forms of violence and bullying were among children from low-income households.
Snyder said this finding meshed with observations by the Olweus staff.
“Many of the grants have been awarded to large inner-city schools where crime and violence rates had been high and economic conditions were low,” she said. “We've seen that when those communities have had the money, they could be successful.”
Snyder cautioned that even schools making headway against bullying programs should remain vigilant.
“You have to keep at it, training new teachers every year – not just training one time and you're done,” she said. “I hope this progress holds because, frankly, when they have to make hard decisions, these are the kind of programs that often fall under the financial ax.”
Diane Cargile, president of the National Association of Elementary School Principals, said she was pleased but not surprised by the survey's findings.
“I know the efforts that principals and teachers have made to be sure they have a safe school – from the ride on the bus in the morning, through the day at school, to the ride home,” said Cargile, principal at Rio Grande Elementary School in Terre Haute, Ind.
She said the anti-bullying initiatives have made many children more willing to seek help from adults when they are targeted.
Along with bullying and assaults by peers or siblings, the new study also found declines in several other forms of child victimization, including sexual assaults and emotional abuse by caregivers. It found slight increases in dating violence, robbery targeting children and the witnessing of violence among other family members.
The survey did not specifically address the bullying of young people for reasons related to sexual orientation, which gay-rights groups consider to be a pervasive problem. The Gay, Lesbian and Straight Education Network said its research indicates this type of harassment remained stable between 2001 and 2007.
Overall, the findings by Finkelhor and his co-authors were positive – and came on the heels of a major federal study documenting an unprecedented decrease in incidents of serious child abuse. That report, the National Incidence Study of Child Abuse and Neglect, found that incidents of serious physical, sexual or emotional abuse dropped by 26 percent from 1993 to 2005-06.
Professor James Garbarino, an expert on childhood aggression at Loyola University's Center for the Human Rights of Children in Chicago, drew an analogy between the campaign against bullying and efforts that began even earlier to combat domestic violence.
“If you pay attention to a phenomenon and devote some resources to dealing with it, praise the Lord, sometimes we actually improve things,” he said. “It's gotten on people's radar. There have been more and more challenges to the myths that bullying can be good for kids, that it builds strength.”
___
On the Net:
Archives of Pediatrics & Adolescent Medicine: http://www.archpediatrics.com
Olweus anti-bullying program: http://www.olweus.org
Get HuffPost Denver On
Twitter, Facebook, and Google Buzz!
Know something we don't? E-mail us at denver@huffingtonpost.com
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