Banks Close 100s Of Branches And Layoff 1000s Of Workers As They Brace For Financial Meltdown

U.S. banks are closing a large number of branches right now, -- another ominous sign of the financial meltdown that has started to unfold. They are also laying off workers by the thousands in preparation for the chaos that is ahead, according to new reports. Record-high interest rates and turmoil in the real estate industry are adding an enormous amount of pressure on the nation’s biggest financial institutions. Even big names like JPMorgan, Wells Fargo, and Goldman Sachs have reported major losses in recent months, and they know a much bigger crisis is approaching. That’s why banks are getting very tight with their money, reducing their brick-and-mortar footprint, and slashing their headcounts as they fear mass withdrawals and more failures could happen in the coming winter. Experts say these are the very early stages of another global financial crisis, and many fully expect conditions to get even worse from now on.
In the first seven days of October, banks closed a whopping 54 branches, leaving an increasing number of Americans without access to basic financial services. Bank of America shuttered 21 branches in the first week of October, according to a bulletin published by the Office of the Comptroller of the Currency (OCC) on Friday. Similarly, Wells Fargo eliminated 15 branches, while U.S. Bank and JPMorgan Chase reported closing nine and three respectively.
More recently, Santander and City Bank closed nearly 20 branches each. Over the past twelve months, U.S. banks shut down over 3,100 locations, according to S&P Global. From 2021 to 2022, they closed a net 2,927 branches, which represented a 38% increase from the prior year. Moreover, in the open branches, there are fewer staff members around as well. A fresh CNBC report exposed that the most popular banks in America are laying off staggering numbers of workers – and some of the deepest cuts are yet to come. The six largest U.S. banks have cut a combined 20,000 positions so far this year, according to company filings. “Banks are cutting costs where they can because things are really uncertain next year,” Chris Marinac, research director at Janney Montgomery Scott, noted.
The sharpest cuts have happened at Wells Fargo and Goldman Sachs, institutions that are wrestling with revenue declines in key businesses. They each have laid off roughly 5% of their workforce in the past 10 months. At Wells Fargo, job cuts started to rise after the bank announced a strategic shift away from the mortgage business. And although the bank cut 50,000 employees in the past three years as part of CEO Charlie Scharf’s cost-cutting plan, the firm isn’t done shrinking headcount, executives said Friday. There are “very few parts of the company” that will be spared from cuts, said CFO Mike Santomassimo.
All of these developments indicate that the banking industry is in serious trouble. And economic turbulence is likely to aggravate matters in the financial world during the final months of the year. U.S. banks have a lot to worry about right now, and we should definitely enjoy the relative stability that has prevented markets and institutions from collapsing up until this point. The truth is that conditions are getting increasingly unsustainable, and things will become extremely chaotic far sooner than most people imagine.

By: Epic Economist
Title: Banks Close 100s Of Branches And Layoff 1000s Of Workers As They Brace For Financial Meltdown
Sourced From: www.youtube.com/watch?v=5gZ2vBc9p54

Check out the 3 best drones on Amazon Today!

Frequently Asked Questions

Which hour is best to photograph drones?

A drone could capture aerial images during sunrise and sunset hours when there isn't much activity on the ground.

Drones can be used to capture stunning photos of landscapes or the sky above. You might not be able to capture spectacular night views because drones are not allowed to fly at night.

If you want to make sure that you capture all the photo opportunities, fly during sunset and sunrise hours. You have more chances to capture breathtaking shots of nature during these times because there are fewer cars driving and fewer people around.

You will find it easier to shoot in low light levels.

You won't need to contend with strong winds, rain or snow. These conditions make daylight perfect for photographing with a drone.

But, if you wish to capture nighttime scenes, flying during the moonlit nights is an option. This will allow you to see the cityscape from a different perspective.

What is the best way to capture drone photography?

Drone photography involves more than simply flying a camera. When planning and executing a drone shoot, there are many things to take into consideration. From finding the right location to getting enough insurance, a successful drone shoot is possible.

It is essential to make sure you have permission to fly drones within the area you are planning to shoot. This involves finding out if there are restrictions regarding where you can fly or where your drone can be operated. You may need to apply to fly your drone in restricted areas if there are.

It is important that you check your country's regulations. You may need a permit to fly drones in some countries. Others limit the number you can make in a given time period.

In addition to obtaining permission to fly drones, you'll need to find somewhere safe and secure to land your drone after each flight. You can rent a landing spot from local businesses for around $10 per hour. Also, you will have storage space. Another option is to buy a dedicated landing platform.

Before you begin to shoot, you will need to decide which drone you want. There are many drones with different capabilities and features. For example, fixed-wing drones are typically less expensive and easier to handle, while multirotors have more power and stability.

After deciding what kind of drone you want to use, you'll need to choose what equipment you'll need. The drone camera typically comprises a gimbal with remote controller, batteries, batteries and memory cards.

A gimbal stabilizes the camera during flight, making it easy to capture sharp images without worrying about shaking hands or dropping the device. The drone's gimbal is attached directly to its body to help keep it steady.

Remote controllers allow you to control your drone from anywhere. These devices have buttons and joysticks that allow you control your drone from afar.

The drone's motors, cameras and memory cards power their batteries. They also store the photos that the drone has taken. A sufficient amount of battery life is necessary to ensure clear images are taken by the drone.

After you have selected the equipment, it is time to decide where you will shoot. Do you plan to take photos outdoors or indoors? Are you going for architecture or landscape photography? What are you planning to shoot? All of these factors impact how you should prepare for your shoot.

If you are planning on shooting inside, lighting will be an issue. Multiple lights are the best way of lighting a room. Consider placing one large lamp above the subject and another near the center. Another light is close to the floor.

When outdoors, wind conditions are important. Drone pilots can be blown off-course by windy days. Therefore, you should only take off when the weather is calm.

You should consider whether you need additional equipment when selecting your location. These items will help you keep your drone level stable, so you don't lose quality shots.

Outdoor shoots can be done between 10 AM and 4 PM. This time there won't many people, but enough light will allow for great photos.

To conclude, drone photography isn't just fun and incredibly useful for capturing stunning aerial photographs. Follow these simple steps to create stunning images right away!

How much money do drone photographers make?

Photographers can earn more than $10k depending on how long they fly and where they shoot. Shooting in remote areas, such national parks or forests can bring you upwards to $20-30 an hour.

The average person can earn between $15-$25/hour working in retail. If you want to fly drones, you could earn $50-$75. There are still many ways to make even more. Companies that require drone pilots to fly all over the country or internationally will often hire them.

You can charge anywhere from $100 to $300 per flight, depending on the time you spend flying and the distance you cover. These fees can add up quickly but if you love flying and photography it might be worth it.

How can I get started in drone photography?

You have many options to begin photographing with a drone. The first is to purchase a ready-made drone set. This kit will contain everything you need for getting started. They can range from $200 to $500 depending on the model.

You can also build your own drone. It's possible to make a drone that takes decent photos and videos, even though it can be complicated.

If you are interested in building your drone, we recommend you begin with a quadcopter. Quadcopters have four propellers (or rotors) as opposed to two like traditional helicopters.

A quadcopter is easier to assemble and maintain than a helicopter. It is also easier to transport and purchase.

First, choose the right parts. You'll need to purchase motors and batteries, controllers, as well as props. Make sure you pick the correct size and weight.

Next, decide which controller you would like to use. There are many different options, including touch screens, joysticks, and remote controllers. It is recommended to buy one with a builtin camera so that you don't need to attach another device to your drone.

Once you have selected the correct parts, it's time to assemble your drone. We recommend purchasing a pre-assembled kit to make things easier. However, you can also build your own drone by following a few steps.

Step 1 Attach the battery pack

To build your quadcopter, you will need to connect the battery pack and the motor. To start, remove the cover from the battery pack. Next, slide the battery in place.

Step2: Connect your motors

Next, mount the motors to the right slots. Each motor must go into its designated slot. When installing motors, ensure that they face forward while remaining perpendicular with the frame.

Step3: Install the propeller

Attach the propellers to your frame. Place them at an equal distance.

Once you have completed all of these steps, your drone is now ready for testing! If the drone doesn't move when you turn it on, make sure the propellers face forward. Make sure there aren't any obstructions between the propellers.

Is it OK to fly a drone at night?

Drones are becoming increasingly popular. Drones offer amazing aerial shots of our houses and businesses. They are also great for delivering goods to large areas or capturing footage of sporting events. However, there are still very few regulations surrounding the use of drones. Some states have banned drones entirely, while others have placed restrictions on where they can be used.

While flying drones during daylight hours are relatively safe, there are still risks involved when operating them at night. The safety of you and other pilots is at risk when flying drones at night. It is difficult to spot obstacles or hazards so mistakes by the pilot could result in an accident.

Drones are rapidly becoming more popular. Therefore, it is important to learn how to safely operate them. There are currently two main types of drones: fixed-wing and rotary-wing. Fixed-wing drones are typically smaller and easier to pilot than rotary-wing ones. A fixed-wing aircraft usually has four propellers. A rotary-wing aircraft has one.

It is important to be familiar with the laws in your area regarding drone use. Also, ensure that your drone remains within your sight line at all times. This will help avoid accidents. A key safety tip is to make sure your drone has lights that flash green and red. This will make it easier for you spot potentially dangerous objects. Your camera lens should be protected against any scratches if you plan to take pictures. Protective goggles are also recommended for drone pilots.

Drones flying at night can pose a risk to power lines, trees, buildings, and other structures. A drone could also become lost or fall from the skies. You must ensure your drone is not in danger of being tripped up or falling from the sky. Drones also are susceptible to sudden weather changes or wind gusts. These factors could disrupt the drone's flight or cause it to crash into land.

Drones are becoming more popular but they can pose health risks. The drone's noise can damage the hearing and cause headaches. The vibrations from drones can also cause harm to the body. Flying drones without a license can result in fines and legal action.

These guidelines will help you avoid any drone accident. Keep your drone within your sight line when flying. Flying near airports? Be sure to follow any airport regulations. Be extra careful when flying your drone over water, as it increases the chances of a collision.

Which drone can hold a DSLR camera?

Drones can be used for everyday tasks. There are already drones outfitted with cameras that can do aerial photography.

Although drones have existed for many years, they haven't been used much by most people because they aren’t practical. Most drones are too expensive, noisy, and hard to control.

Drone-A1 has been created to address this need. It's the first quadcopter fully autonomous in the world, specifically designed for photographers.

The Drone-A1 has an HD camera which can capture stunning photos and video. Its powerful onboard computer allows the Drone-A1 to track any subject automatically.

You can now focus on taking great photos while the Drone-A1 will take care of hovering, flying and following your subject.

Smart Follow makes it easy to get amazing shots using the Drone-A1. Point the Drone-A1 towards your subject, and it will automatically track him or her and keep the distance between the two of you constantly.

With the Drone-A1, you'll enjoy freedom and convenience when shooting. There's no need to be a steady hand or know where your subject is.

You can also share your photos with loved ones using the built-in GPS on the Drone- A1. This allows everyone to view your photos from anywhere on the planet.

The Drone-A 1 is a great choice for anyone who loves to take photos for fun or as a professional photographer.

Can drones shoot nighttime photos?

The answer to that question is yes. We've been doing this for many years. Since decades, we have been taking night shots.

There is one catch. Night photography requires specialized equipment. Any camera under $10k is not capable of night photography.

A series of wavelengths are created when light hits an object.

These wavelengths overlap and combine to form white light at very long distances from the source.

This is how our eyes are able to see colors even when the sun is miles away.

Contrary to popular belief, light that strikes objects close to their source reflects in a narrow range of wavelengths. These wavelengths bounce back directly to us without any overlap.

That means that the closer the object is, the brighter it appears. This is why objects can glow under black lights.

The energy an object absorbs determines how much light it reflects. So when light hits an object, it may reflect more blue light than red light.

The human eye is more sensitive to blue light than objects, so objects appear bluer when they are viewed under blacklight.

This is what drones have to do. Use a very bright light source to photograph dark places, such a forest or cave.

A standard lamp will not provide enough illumination to illuminate the whole scene. It will only create a shadowed scene.

A strobe is better for taking great pictures. And since you don't want to carry around a huge flashgun, you'll need to buy a small one.

Because they produce flashes that are so rapid, these lights are often called speedlights.

Stroboscopic means that the light pulses across the screen. The better the picture, the faster the rate.

We won't discuss how to set up a Speedlight here. However, there are numerous tutorials online.

We will tell you to make sure that the subject is properly illuminated in order for a clear photograph.

For this to happen, aim the beam at 45°. You can adjust the flashgun's intensity by moving its head.

Once you have set the setting that is right for you, hold the gun steady as the shutter release button is pressed.

Just before the flashlight reaches your subject, you can press the shutter button again. This will set off the flashgun to start a second burst.

The first burst will illuminate the subject. However, the second burst will capture the moment after it has passed.

This results in a continuous exposure that records both bursts and steady light.

Now you know how to take pictures during the day, let's move on to night photography.

I have so far covered everything about how to photograph things at night.

However, there is still one thing that needs to be addressed: the color balance.

Most people assume that any images taken at night will look too dark.

And that's true - but it's also true for daytime pictures.

It doesn't matter whether you're taking pictures at dawn or dusk; the camera will always record a darker image.

Statistics

• 60 second video with branding, captions, contact information, and music Strip / Convenience / Neighborhood / Community Centers pricing per center (up to 400,000 sq ft) PLACE ORDER (dronebase.com)
• Again, no stabilization is applied, and the 50% throttle stick position cuts the power to the motors. (photographypro.com)
• Though the Mavic 3 is about 50% heavier than the Mavic Air 2, it's still conveniently sized. (nytimes.com)
• Greater than 50% throttle stick position generates positive thrust, but less than 50% throttle stick position reverses the direction of the motors, allowing upside-down flying! (photographypro.com)
• Regional & Super Regional Centers pricing per center (400,000+ sq ft) PLACE ORDER (dronebase.com)

External Links

[TAG6]

• Federal Aviation Administration. Unmanned Aircraft Systems

[TAG8]

• Spreading Wings S1000+: Your DSLR in Flight


• Buy Zenmuse Z3 - DJI Store

How To

How to make a Time-Lapse using a Drone

Time-lapses can be made with two types of cameras: DSLRs (Digital Single Lens Reflex), and which are more expensive than point-and shoot digital cameras.

The way light enters DSLR cameras can also make them produce better quality images. However, video requires manual focus and exposure settings.

For beginners, point-and-shoot cameras such as the GoPro are simpler to use. Videos will look grainy because of the lower resolution.

A consumer drone is the best camera to time-lapse. These small flying robots are popular because they provide an affordable alternative to professional drones.

A drone, a remote controlled aircraft, is one that can fly independently of human intervention. Quadcopter drones may use multiple propellers. A drone will typically fly with one propeller.

A drone can not only capture aerial footage but also cinematic shots with a bird’s-eye view. For smooth handheld footage, drones may be outfitted to include a gimbal stabilizer.

To create a time-lapse, start recording while the drone hovers above your subject. If the sun is not directly overhead, the sky will not appear dark during the shot.

The aperture and shutter speed can be adjusted to create the desired effect. For example, you could set your shutter speed to 30 seconds for a sunset shot and keep the aperture wide open in order to capture as much natural daylight as possible.

The opposite approach should be used for night shots. For night shots, use a slow shutter speed of 1 sec and close the aperture to reduce light ingress. This produces a bright image that makes details visible.

Did you miss our previous article...
https://busybeefilms.com/aerial-photography/ascending-structural-steel-beams-through-a-chateau