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  • Roblox will allow devs to skip Robux and charge players in fiat money

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    The company has also partnered with Shopify to enable physical merchandise sales from directly within Roblox experiences.

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  • There’s a major flaw in the stock market’s most bullish thesis

    There’s a major flaw in the stock market’s most bullish thesis

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    stock market madness charts colorful

    iStock; Rebecca Zisser/BI

    • Money market funds won’t save the stock market from a painful decline, Bank of America says.

    • A 25-basis point Fed rate cut won’t change the behavior of savers, according to the bank.

    • If cash does leave money market funds, it won’t flow to stocks.

    The $6 trillion in money market funds will not save the stock market from a painful decline.

    A common component of the bullish thesis for stocks over the past year is that trillions of dollars of sidelined cash are set to flood the stock market once the Federal Reserve cuts interest rates, putting downward pressure on the juicy, risk-free 5% yield most money market funds offer.

    But Bank of America says not so fast, offering two structural reasons money market funds won’t be the catalyst for a continued bull rally many investors expect.

    First, a measly 25-basis point interest rate cut from the Fed likely won’t change the behavior of savers, as a cash yield of closer to 4% would still be a lot better than near-0% rates offered from 2009 through 2021.

    An interest rate decline of hundreds of basis points wouldn’t do the trick either, according to the bank.

    “Historically, MMF [Money Market Fund] AUM growth y/y is typically positive unless front-end rates <2%,” Bank of America rates strategist Mark Cabana said in a note on Thursday.

    According to Cabana, for money market funds to see negative outflows, the Fed would need to cut rates by at least 300 basis points, and that’s not scheduled to happen anytime soon.

    “Fed cuts will see MMF inflows slow but remain positive unless rates near zero,” Cabana said.

    The December 2025 target for the federal funds rate is just above 3%, according to the CME FedWatch Tool.

    The second issue is that even if the Fed were to substantially cut interest rates and spark a wave of redemptions from money market funds, that cash probably wouldn’t flow into the stock market.

    According to Cabana, bonds would be the big beneficiary instead because money market funds compete mainly with checking accounts that offer near 0% yields rather than stocks.

    “If MMF outflows happen cash likely to move into higher yielding fixed income, not equities. MMF to equities = bridge too far,” Cabana said.

    Stock market bulls should ultimately retire the idea that trillions of dollars of money market funds will help buoy stock prices, the analysts said.

    “MMF cash should remain sidelined from a risk taking perspective,” Cabana concluded.

    Read the original article on Business Insider

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  • ‘It’s the story of my life’: Have I missed the boat on CD rates? I was too late to invest my $50,000 in the housing market.

    ‘It’s the story of my life’: Have I missed the boat on CD rates? I was too late to invest my $50,000 in the housing market.

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    “Where should I invest my money, assuming that I won’t be able to buy a home for several years?”

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  • These People Make $250 an Hour Renting Out Their Homes for Ads

    These People Make $250 an Hour Renting Out Their Homes for Ads

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    Happy couple with house keys
    fizkes / Shutterstock.com

    Becks Harvey, a 46-year-old British expat living in Brooklyn, New York, never dreamed she’d be earning six figures a year by renting out her home for photoshoots. Nor did she imagine she’d host numerous celebrities — among them, Amanda Seyfried, Jennifer Coolidge and CJ Wallace, son of The Notorious B.I.G. But like hundreds of other homeowners across the country, Harvey and her husband rent out…

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  • Atlantic City Casino Smoking Case Appealed to NJ Supreme Court

    Atlantic City Casino Smoking Case Appealed to NJ Supreme Court

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    Posted on: September 7, 2024, 11:21h. 

    Last updated on: September 7, 2024, 11:21h.

    Opponents of smoking inside Atlantic City casinos have appealed their case to the New Jersey Supreme Court.

    Atlantic City casino smoking New Jersey
    Bob Hafner, 56, of Long Beach Island, smokes a cigar at Tropicana Hotel & Casino in Atlantic City in January 2024. A legal challenge of the Atlantic City casino smoking law has been appealed to the New Jersey Supreme Court. (Image: The Philadelphia Inquirer)

    Mercer County Judge Patrick Bartels last month dismissed a lawsuit against the state that alleged New Jersey’s 2006 Smoke-Free Air Act that provided carveouts for indoor smoking at casinos and parimutuel wagering facilities violates employees’ rights to a safe workplace.

    The United Auto Workers, which represents table game dealers at Bally’s, Caesars, and Tropicana and was a lead plaintiff in the lawsuit, says it has appealed the matter to the state’s highest court. The plaintiffs additionally include a grassroots coalition of casino workers organized as Casino Employees Against Smoking Effects (CEASE).

    “It is past time to allow casinos the exclusive right to poison their workers for claimed profits,” said attorney Nancy Erika Smith, who filed the appeal on behalf of the UAW and CEASE.

    The appeal seeks “emergent relief,” or an expedited review of the matter since the lawsuit claims personal health and worker safety is involved.

    Judge Finds Law Constitutional 

    Bartels ruled against the UAW and CEASE after concluding that the state’s smoking law doesn’t prevent a worker from seeking employment elsewhere.

    “The act places no parameters on a casino worker’s ability to seek work in a smoke-free environment,” Bartels wrote in his ruling. “It cannot be said that the New Jersey Legislature’s actions in providing exceptions to the Smoke-Free Air Act restricts the casino workers’ right to pursue safety under the New Jersey Constitution.”

    Bartels said the plaintiffs’ claims that they have a state constitutional right to a workplace free of secondhand smoke “is not well-settled law.” Bartels said the odds are long that such a challenge would prevail in a higher court.

    Attorneys defending the nine casinos in Atlantic City, which want to retain indoor smoking on claims that a smoking ban would cost revenue and jobs, argued that only the legislature can change the smoking law — not a judge.

    Our elected officials struck what they believed was the most appropriate balance and have had the opportunity every year for 18 years since the act was passed to strike a different balance. If the Legislature changes its collective mind and decides to strike a different balance, then the law will change. If not, the law must stand, and plaintiffs’ complaint must be dismissed,” attorney Chris Porrino said on behalf the casinos.

    Porrino added that the legislature’s justifications for including the casino smoking loopholes were understandable.

    “The simple facts are that many people who gamble like to smoke. If the smoking exemption is stricken, jobs will be lost and employees will be out of work, medical, and other benefits,” Porrino said.

     Odds Long

    The Atlantic City casino smoking appeal faces long odds of being taken up in the New Jersey Supreme Court. The court in Trenton receives over 1,000 petitions each year but accepts only about 100 cases.

    To be accepted, the petition must convince the court that the appellate judges made a legal error in deciding the case,” the New Jersey Supreme Court website explains.

    New Jersey’s latest Health Assessment in 2022 found that about 10% of the adult population smokes cigarettes. That’s down from 17% in 2012.

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  • Deals: the Pixel 9 Pro and Pixel 9 Pro Fold arrive, iPad (2022) price drops

    Deals: the Pixel 9 Pro and Pixel 9 Pro Fold arrive, iPad (2022) price drops

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    The vanilla Google Pixel 9 and the flagship Pixel 9 Pro XL launched in late August, now in early September we welcome the other two members of the family – the small Pro and Google’s second generation foldable.

    The Google Pixel 9 Pro Fold costs the same as last year’s model, which is to say that it is not cheap. But few of the horizontal foldables are (and none that are available in the US).

    For reference, here’s the Samsung Galaxy Z Fold6. Another alternative available locally is the OnePlus Open, but that is almost a year old at this point, so you’d be better off waiting for the sequel.

    Then there’s the Google Pixel 9 Pro – a relatively small flagship with the same high-end camera hardware as the Pro XL. It is larger than the Galaxy S24 and the iPhone 15 Pro, but with a 48MP 113mm periscope and 48MP ultra wide, it beats both, at least on paper. There is a 42MP ultra wide selfie camera too.

    Of course, the vanilla Google Pixel 9 is very similar – same size, same Tensor G4 chipset, same main and ultra wide cameras (but no tele and a lower res selfie). The display isn’t an LTPO panel like on the Pro either. On the upside, the vanilla phone costs $200 less.

    And here’s the large Pixel 9 Pro XL. It is essentially identical to the 9 Pro, except for screen size (6.8” vs. 6.3”) and battery (5,060mAh vs. 4,700mAh).

    Apple recently dropped the price of the 2022 iPad to $300. That is for the 64GB model, of course, which can get pretty tight, depending on how you use it. And the 256GB version is quite pricey.

    The older 2021 iPad (with Lightning instead of USB-C) is down to $200 for a 64GB slate.

    If you prefer Android, the Samsung Galaxy Tab S9 FE is close in terms of pricing at $340. This buys you a 90Hz IPS LCD, not 60Hz like on the iPads, IP68 dust and water resistance and a microSD slot for easy storage expansion.

    The Sonos Ace were unveiled recently. These are a comfy pair of over-ear headphones with Active Noise Cancellation (ANC) and a transparency mode. The unique feature here is called TV Audio Swap – if you have a Sonos Arc soundbar, you can easily send the TV audio wirelessly to the headphones (complete with spatial audio).

    We may get a commission from qualifying sales.

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  • There’s a Stranger Things Polly Pocket set, and its design is really clever

    There’s a Stranger Things Polly Pocket set, and its design is really clever

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    Mattel’s latest Polly Pocket collab is a Stranger Things playset that houses the fictional town of Hawkins and the Upside Down in a compact shaped like a walkie-talkie. The set, introduced this week, contains figurines of the characters Eleven, Mike, Dustin, Lucas and Will — plus a very non-threatening interpretation of the Demogorgon. Pre-orders for the $50 collectible are now open through Mattel Creations and major retailers, including Walmart and Target. It’s expected to start shipping later this month.

    The Stranger Things Polly Pocket set and included figurines shown against a white background. It features a blue walkie-talkie shaped compact shown closed on the left, and open on the right. The open side contains a representation of Hawkins, including the middle school. There are also figurines for Eleven, Mike, Will, Lucas, Dustin and a Demogorgon, plus mini walkie talkies and bikesThe Stranger Things Polly Pocket set and included figurines shown against a white background. It features a blue walkie-talkie shaped compact shown closed on the left, and open on the right. The open side contains a representation of Hawkins, including the middle school. There are also figurines for Eleven, Mike, Will, Lucas, Dustin and a Demogorgon, plus mini walkie talkies and bikes

    Mattel

    The set also includes a few tiny walkie-talkies, bikes, a wig for Eleven and a little stack of waffles. There’s even a mini sensory deprivation tank on both sides of the compact with a cutout that the Eleven figurine fits into, and a chalkboard with a crack for the Demogorgon to burst through. The packaging it comes in is designed to look like a retro tape recorder. It’s all painfully cute. Now can we get that fifth season sometime soon, please?

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  • Star Wars Outlaws Is Both Amazing & Busted, & More Gaming Takes

    Star Wars Outlaws Is Both Amazing & Busted, & More Gaming Takes

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    Nancy Maple, the protagonist of The Crimson Diamond, eavesdrops on a conversation between two men in a screenshot from the game.

    Screenshot: Julia Minamata / Kotaku

    It’s 1913 and young Nancy Maple, an amateur geologist, travels from Toronto to the remote Canadian town of Crimson to investigate the discovery of a large diamond. However, things are more perilous than they initially seem, and before long our plucky heroine finds herself investigating an apparent murder instead. Released on August 15, The Crimson Diamond is a brand-new adventure game from developer Julia Minamata, and it is exceptional. With its design, Minamata excavates a once-common element of early adventure games that has long fallen by the wayside, dismissed as if it were no longer of any value. However, The Crimson Diamond brilliantly demonstrates that, when used effectively, this device can actually enhance our connection to a game. Let me explain. – Carolyn Petit Read More

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  • 15 Alternatives To Report Cards –

    15 Alternatives To Report Cards –

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    15 Alternatives To Report Cards In The K-12 Classroom

    by TeachThought Staff

    Like lunchboxes (or brown paper sacks), field trips, and textbooks, report cards are iconic–symbols of traditional classrooms and traditional approaches to education.

    In its name, the purpose of a ‘report card’ is plain enough: to report on progress. But it’s not that simple.

    Letter grades (and alternatives to letter grades) can ‘stick’ with a student forever. When combined over time, letter grades result in a grade point average, an innocent-sounding term that can be the difference between, among other effects, a student being accepted into their choice of college and not being accepted at all.

    See also 12 Alternatives To Letter Grades In Education

    The Disadvantages Of Report Cards

    While the report card is a common tool for communicating a student’s academic performance, it has several shortcomings, reducing a student’s complex learning journey to simple letters and numbers, failing to capture the nuances of their strengths, challenges, and overall growth.

    In almost every case, report cards do not effectively reflect a student’s understanding of content or mastery of skills. They also fail in attempts to ‘report’ their progress in other important skills such as critical thinking, creativity, and collaboration.

    Letter grades can also focus too much on test scores and specific assignments rather than the student’s effort, improvement, or personal development, leaving parents and students with an incomplete picture of their true academic progress.

    This is a problem when students’ views of themselves as capable or ‘smart’ are at risk.

    So what can be done about it?

    To begin, we can imagine some other possibilities and consider the strengths and weaknesses of each.

    Alternatives To Report CardsAlternatives To Report Cards

    The Viability Of Alternatives To Report Cards

    To be realistic, many of the following alternatives to report cards may not be practical for most teachers: they may require too much time, data, or buy-in from colleagues, administrators, and parents.

    And none of the options below are going to simply replace report cards in your school or classroom. The idea is that report cards can be replaced, there are reasons to replace them, and there are ideas for alternatives to begin thinking what replacing them might look like.

    Your school may have already tried one or more of these ideas and encountered challenges that made the idea and related practices inaccessible, unsustainable, or inefficient in doing what we all hope report cards can do: communicate a student’s progress and performance over time.

    See also Forms Of Assessment

    1. Narrative Reports

    Strengths

    Provide detailed, personalized feedback that can address individual student needs.

    Instead of relying solely on grades, narrative reports provide detailed written feedback on a student’s strengths, areas for improvement, and overall progress.

    Offer a comprehensive view of a student’s strengths, areas for improvement, and overall progress.

    Encourage a deeper understanding of a student’s learning journey beyond mere grades.

    Weaknesses

    Time-consuming for teachers to write detailed reports for each student.

    May be subjective, depending on the teacher’s perspective and writing skills.

    Can be challenging for parents and students to digest if they are lengthy or overly complex.

    See also Alternatives To Homework

    2. Portfolio Assessments

    Strengths

    Showcase a wide range of student work over time, demonstrating growth and learning.

    Portfolios allow students to showcase a collection of their work over time, demonstrating their growth, creativity, and mastery of subjects.

    Encourage student reflection and self-assessment.

    Provide tangible evidence of student achievements and progress.

    Weaknesses

    Require significant time and effort from students and teachers to compile and review.

    Can be difficult to standardize and compare across students.

    May not capture all aspects of a student’s learning if not well-organized or comprehensive.

    3. Student-Led Conferences

    Strengths

    Foster student ownership and accountability for their learning.

    In student-led conferences, students present their work and progress to their parents and teachers, facilitating self-reflection and ownership of their learning.

    Enhance communication skills and self-confidence.

    Encourage active participation from parents, creating a collaborative environment.

    Weaknesses

    Require preparation and practice, which can be time-consuming.

    May be intimidating for some students, affecting their performance.

    Depend on the willingness and availability of parents to participate.

    4. Competency-Based Assessments and Scores

    Strengths

    Focus on mastery of specific skills and knowledge, ensuring students achieve proficiency.

    Competency-based assessments focus on students’ mastery of specific skills and knowledge, rather than traditional grades.

    Allow for individualized learning paces, catering to different student needs.

    Provide clear and measurable learning outcomes.

    Weaknesses

    Can be challenging to implement and align with traditional curriculum structures.

    May require significant changes in teaching practices and assessment methods.

    Risk of narrowing the curriculum to focus only on assessed competencies.

    5. Interim/Benchmark Assessment Scores

    While possessing its own problems, a benchmark assessment would at least be quantified and evaluations of documented standards. 

    Benchmark assessments “(e)valuate student performance at periodic intervals, frequently at the end of a grading period. Can predict student performance on end-of-the-year summative assessments. A benchmark assessment is an interim assessment so it could be useful to consider them distinct even though they function similarly.”

    6. Digital Badges

    Strengths

    Offer a modern and motivational way to recognize and validate student achievements.

    Digital badges recognize and validate students’ skills and achievements in specific areas.

    Easily shareable online, enhancing student engagement and pride in their accomplishments.

    Encourage the development of specific skills and competencies.

    Weaknesses

    May require technological infrastructure and support that not all schools have.

    Risk of students focusing more on earning badges than on the learning process itself.

    Can be perceived as superficial if not tied to meaningful learning experiences.

    7. Progress Reports

    Strengths

    Provide ongoing feedback throughout the academic year, keeping students and parents informed.

    Regularly issued progress reports offer ongoing feedback throughout the academic year, highlighting areas of improvement and achievements.

    Highlight areas of improvement and achievements regularly.

    Encourage timely interventions and support for students.

    Weaknesses

    Can be labor-intensive for teachers to prepare regularly.

    May lead to information overload if too frequent or detailed.

    Risk of being seen as repetitive if not accompanied by actionable suggestions for improvement.

    8. Peer Assessments

    Strengths

    Promote collaborative learning and critical thinking among students.

    Incorporating peer assessments allows students to evaluate each other’s work, promoting collaborative learning and critical thinking.

    Provide diverse perspectives on student work.

    Foster a supportive learning community and enhance social skills.

    Weaknesses

    May be influenced by peer relationships and biases.

    Can vary in quality and reliability depending on students’ assessment skills.

    Require clear guidelines and training for effective implementation.

    9. Self-Assessments

    Strengths

    Encourage self-awareness and responsibility for learning.

    Encouraging students to assess their work helps develop self-awareness and responsibility.

    Develop students’ reflective and critical thinking skills.

    Can be paired with teacher feedback for a comprehensive understanding of progress.

    Weaknesses

    May be difficult for younger students or those with limited self-assessment skills.

    Risk of students overestimating or underestimating their abilities.

    Require guidance and support from teachers to be effective.

    Weaknesses

    May require technological infrastructure and support that not all schools have.

    Risk of students focusing more on earning badges than on the learning process itself.

    Can be perceived as superficial if not tied to meaningful learning experiences.

    More Alternatives To Traditional Report Cards

    Performance Tasks can mirror real-world challenges that require students to apply their competencies in practical scenarios. These tasks can involve problem-solving, project completion, or simulations.

    Mastery Tests can be developed as targeted assessments for each competency. These tests should assess not only factual knowledge but also the application of that knowledge in various contexts.

    Project-Based Assessments

    Assess students based on their performance in hands-on projects and real-world tasks, demonstrating their understanding and application of concepts.

    Learning Portals and Dashboards

    Provide parents and students access to online platforms that display ongoing assessment data, allowing them to track progress in real time.

    1-5 Stars or Dashboard Systems

    These visual systems provide a quick overview of student performance across various areas, making it easier for parents and students to understand progress (2).

    Descriptive Index Rating System

    This system uses descriptive categories to rate student performance, offering more nuanced feedback than traditional grades

    Alternatives To Report Cards

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