Hurricane Harvey devastated large portions of Texas.The natural disaster brought unwanted attention to PastorJoel Olsteen and his Mega church when he refused to open his church’s doors to flood victims. Stream Energy chose a different tactic, however. When the company saw that its friends and neighbors in Texas needed help, it stepped up its philanthropic efforts.
Hurricane Harvey did not make it to a category 5 on the hurricane scale, but it cost as much as Catrina. The two storms are tied for being the costliest cyclones in United States History, according to thebalance.com. While the winds from the storm damaged building and knocked out power lines throughout the state, the flooding caused most of the damage. FEMA estimated the damage from the storm at around $125 billion dollars.
If the storm had moved on, as many other cyclones do, it would have caused far less damage. A high pressure system above and below Texas caused the storm to stall over the state for weeks. Many areas of the state that do not normally see floods soon found themselves inundated.
Stream Energy stepped up. The company used its profits to make sure that their neighbors had food and clean water. The direct sales energy company also stepped up when Hurricane Maria hit Puerto Rico. It sent aid to the island faster than FEMA and the Trump organization.
Philanthropy may not be Stream Energy’s core goal, but it believes in helping out people in need. Customers of the company also know it specializes in providing affordable energy to its customers. Dallas-based Stream Energy’s philanthropic efforts extend beyond hurricane relief. Texas residents know that the company provides charitable aid to many different community-based organizations. People do not need to suffer over 51 inches of rain from a single storm to receive the company’s community contributions
Twitter is a social media outlet that Shervin Pishevar has used in the past to express his thoughts on leadership, the US economy, and much more. In early February 2018, he let loose a tweet storm that included 50 points on why the stock market was going to see serious slippage and why the US economy is in big trouble.
Before this Twitter storm, the last time Shervin Pishevar used Twitter was in December when he announced that he would be re-signing from Investment company. This is a venture capital fund that he helped to co-found and is known for investing in big companies like Munchery, Airbnb, and Uber. He also served as a strategic advisor and as a board advisor for Uber between the years 2011 and 2015. He is a philanthropist, venture capitalist, super angel investor, and entrepreneur. Additionally, he has been recognized for his work and has been used by the US government. For example, he has served as an entrepreneurial ambassador in State Department delegations.
This whole Twitter storm started after the stock market experienced a significant drop on February 5, 2018. While his Twitter account was dry for a while, it is obvious from the 50 points made in this tweet storm that the axles of Shervin Pishevar’s mind were still turning. That drop was significant, but what Shervin Pishevar felt was even more important was the fact that slippage would continue to be seen in the coming months. Gains from 2018 are already forgone, but the gains from 2017 may soon be gone too. What is responsible for this? Shervin Pishevar points out that tax giveaways, rising interest rates, and increasing credit account deficits are partially to blame.
Quantitative easing is a tool the government has used in times past to correct the stock market after it has experienced a significant drop. Shervin Pishevar mentioned that people should expect to see hints of QE4 from leaders if the market did not stabilize. This is a tool that has been used in the past to reset the market. However, he feels that it cannot always be relied on and that people should not be fooled by it.