• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Business
  • Money
  • Tech
  • Culture
  • Work
  • Marketing

Business News Daily

Vital dispatches on what matters

Diana Li

Here’s How to Make Bureaucracies Do Their Job

March 24, 2022 by Diana Li Leave a Comment

 

Be pushy, be bold. This is the first life lesson I had in the U.S.

Like many hopeful international students coming to study in New York, I always romanticize this city as Zootopia in the Disney film, where anyone can be anything, if only you work hard and do your best. 

But I quickly realized, as I was applying for a Social Security card for my first job, that the reality is often more complicated.

Before I went on applying, I’ve been hearing all kinds of complaints about how slow they can be picking up your calls from my savvy friends, who told me “you should call them at exactly 9 am” or “just don’t dial the keyboard on your phone so that they will connect you directly with an agent”.

It was January 10, 2022, eight days before I was supposed to get onboard with my company. I called the Social Security Queens Center, where my zip code belongs, exactly at 9 am. After only about 5 attempts, they picked up my phone, (I couldn’t believe my luck back then). 

Everything went so smooth during our two-hour interview. The lady seemed to peruse my employment letter, my I20 record very carefully and asked me so many questions. Until she told me the latest available appointment is Jan 21, three days after my onboarding date. To make it worse, it takes up to four weeks for the SSN to arrive, which means I have to push back my onboarding for a month.  

Feeling disgruntled, I still booked my appointment according to their rules just like how I was educated in China, to always follow the rules, do the part you are supposed to be doing, and wait for everything else to work out. And my company is also chill about this, saying they understand bureaucracies could take forever so they will wait for me until I receive my card. 

But my faith in the system started to fade as time quickly went by. During the last three weeks, I checked my mailbox everyday, jumped every time when I saw an envelope that seemed like a government letter, but got discouraged again when it turned out to be only a tax notice for my Bank of America savings account. I got extremely anxious when my classmates-many of whom are also international students applying for SSN to start their internships, told me they got their SSN in 10 days after appointments in the Manhattan Center. 

So many other important things in my life also hinge upon the SSN card-as a student on F1 visa, I need the card to file my tax return for the scholarship I received in 2021, and the tax filing deadline is also approaching. Even Venmo transfers more than $300 requires an identity verification-which requires my SSN number. Without this nine-digit number, I am simply up in the air and cannot do anything. 

It was February 21, the date by which they promised to mail me my SSN. My heart sank when I checked my mailbox again-it was so pathetically empty, with not even a promo card from HelloFresh. 

I finally decided to act. I called them anxiously, hoping to at least get an approximate time of arrival. But this time I am less lucky-it took me three hours to make through a successful call. Sometimes you hear several short and quick beeps before the person on the other side clearly hangs up the call. Sometimes you wait for 30 minutes to hear a robotic voice saying “We are unavailable to serve you now.” And sometimes they just play soothing music until forever. When I finally got through a call, I had the most ridiculous conversation this year. 

“I am sorry miss, your application has been denied because your employment letter was addressed to Diana and your passport says your legal name is Ke.”

“…OK…Why has nobody ever told me about the mistake during the interview when that lady was checking my documents for two hours?”

“I don’t know.”

“Why has nobody ever sent me a notice about this during the last four weeks? Four weeks?”

“I am sorry there might be some problem. But you have to apply again. The earliest appointment date is March 2nd.” 

March 2nd. Plus another four weeks of waiting, it means I have to be trapped in this stupid waiting anxiety again for another six weeks. It also means there is only a month left for me to do the internship. 

As part of the curriculum for my journalism masters degree, I have to start this internship to get my credit towards graduation-which means I paid $2,000 for this internship as part of my tuition, a job I cannot get started and cannot receive compensation because of their mistake. 

Enough. I have to fight for my future and create my own luck-even if it means breaking my timid Asian personality of always being a rule follower and never argue with anyone. 

So I called them again every morning of the week, hoping to let them know the urgency of my situation. After endless failed attempts in different Social Security Centers, I got magically reconnected with the same lady who told me my application was denied.

“Hi my name is Ke, I am in an urgent situation here. I need your help.” It was my 50th time speaking this same sentence that day. 

“Oh! I think I talked to you a few days before! ” The lady sounded really surprised, and that was the moment I felt like I had a winning chance. 

So I told her my story above in a very pushy way. After checking my records for five minutes, she said, “Ok, you can come to the office tomorrow, instead of March 2nd.”

Tomorrow. I couldn’t believe my ears. After endless calls and struggles, it turns out to be so easy, as long as you are pushy enough about your goals. 

The next day, I kept my morale up on a freezing and rainy Friday morning, taking the E express train for 45 minutes to Jamaica Center, where the Social Security Center is located. “Be pushy, be bold.” I kept telling myself when my mind swayed away from the Barbarians at the Gate in my hands. 

Finally, I walked into that gigantic brown building again. It was super crowded compared to the last time, with about 50 people in a huge hallway waiting to be called out their numbers. I picked up a number from the machine, sat in the nearest seat to the screen for numbers, took a deep breath and closed my eyes.

After waiting anxiously for about an hour and a half, “B60!” It was my number. I picked up my coat and rushed to the counter. 

“Hi, my name is Ke, I am in a very urgent situation here…”

I didn’t even finish my sentence. The man sitting across the window was still talking in his earphones, laughing, as if he didn’t see me.

“Hi, excuse me, is it my turn now?” I raised my voice. 

He was still talking in his earphone without looking at me. I became really irritated so I knocked on the window. It was then he finally seemed to have noticed me. “How can I help you?”

So I reiterated all of it again in a super urgent voice, “Can you help make it faster? I can’t afford to lose my job!” 

But he looked so indifferent about what I was saying. A smile, just like the slot Flash in the Zootopia movie, slowly occupied his face. 

“I cannot make it faster,” he said, “I can only proceed with the new application for you.” 

Then he started typing at the slowest pace I’ve ever seen. Meanwhile, he spent five minutes staring at one of the empty pages in my passport, as if he has never seen what a Chinese passport looks like. 

When he finally started to make copies of my documents, I asked him how long it would take for the card to be mailed. “Within four weeks.” He said. 

My heart sank. No. I can’t wait for another four stupid weeks. “I told you this is urgent for me. I need the service immediately. If I lose my job because of this, I will come here everyday.”

“What about two weeks?” He hesitated, crossing off the printed words on a paper statement he was about to hand to me and wrote “two weeks” instead. 

“No, it is too long, I need it IMMEDIATELY!” 

“I already processed it, actually ideally you will receive it by next week I believe, ” he was prepared to change that paper statement into one week again. 

Feeling closer to my victory, I knew I needed something more as a guarantee. “What if I didn’t receive it next week? Can you sign something for me? What if I called again and can’t get it through? Last time it took me three hours.”

“Yes, I can sign something for you,” He signed and sighed, probably never imagining how an Asian girl could get so grumpy. 

With another week of anxious waiting and calls, I finally received my SSN card on a Thursday night, which marks an end to the two-month tug-of-war and a beginning with my internship as a reporter. Looking back, I couldn’t believe how easy it could have been if officers at SSA treated their jobs seriously and how even more terrible it could be if I hadn’t pushed harder and fought for my rights.  

I am sure I am not the only one who had bad experiences dealing with bureaucracies, but I might be the first one spending so much time writing such a long story about it. Here’s my takeaway of dealing with bureaucracies:

Be pushy. Be bold. Resist the temptation to say “ok, fine” if you don’t feel fine. Pressure them to give you what you deserve. 

Disclaimer: This story doesn’t reflect the opinion of NYU Journalism. 

Filed Under: Business

California Entrepreneurs Bring American Coffee Lovers a New Brewing Choice

March 5, 2022 by Diana Li 1 Comment

Busy American coffee lovers can enjoy a new way of brewing coffee at home, with a novel drip bag coffee gaining traction as the work-from-home population continues to rise. 

Hangover Coffee is a specialty coffee brand that sells single-serve drip bag coffee pouches designed to ‘hang over’ any cup rim, allowing coffee to be brewed directly into the mug. The pour-over method creates a clean coffee since the grounds are kept separate from the coffee, with a longer brewing process and better taste compared to instant coffee. 

The relatively niche coffee vertical with a little more than $2,000 million market in 2020 is gaining momentum during the pandemic, providing an alternative for busy Americans homeworkers who normally order coffee delivery and likely do not own coffee brewing equipment. It is expected to reach $2,833.3 million by 2025 at an annual growth rate of 6.54 percent, according to Straits Research. 

“We want customers to associate Hangover Coffee with an approachable but high-quality coffee experience without sacrificing taste,” said Natalie Ma and Melody Jung, co-founders of Hangover Coffee who sold over 2,000 pouches in their first week launch. “Since drip bag coffee is still a novel product in the States, our biggest challenge is to promote brand awareness.”

Jung, the 26-year-old female founder and engineer at Google said she got her inspiration from a trip to Japan with her UC Berkeley college friend-the 27-year-old Natalie Ma, who currently works in sales & operations at Autodesk. The Asian way of efficient home brewing they tried during the quarantine made them hopeful of its popularity in the U.S. “People are gonna love this,” said Jung. 

Ma and Jung are now working with a Texas-based roaster to roast, package and deliver the product to consumers nationwide. Hangover Coffee currently offers two roasts with thematic names: “Happy Hour,” a light roast Ethiopia Guji and “Breakfast Buzz,” a medium roast Nicaragua.

The young founders said they are seeking partnerships with hotels, gift boxes, corporate micro kitchens, and bakeries this year to expand their offline presence. They are currently preparing for a pop-up event in farmer’s market in San Francisco, where their Instagram and TikTok subscribers can get a free coffee.

Ma looks up to Whitney Wolfe Herd, founder and CEO of Bumble, while Jung said she was inspired by Lisa Cheng Smith, founder of Yun Hai Taiwanese Pantry. “I can really relate to her story of bridging cultures, ” said Jung. 

Filed Under: Food

Tether, Bitfinex Freed From Organized Crime Claims, But Lawsuit Continues

February 19, 2022 by Diana Li Leave a Comment

Cryptocurrency exchange Bitfinex and stablecoin issuer Tether will no longer face claims for being criminal organizations, but accusations of monopoly and market manipulation still keep the companies under spotlight two years after the initial lawsuit.  

U.S. District Court Judge Katherine Polk Failla dismissed claims against cryptocurrency exchange iFinex Inc., DigFinex Inc., stablecoin issuer Tether Holdings Limited and its relevant entities for racketeering, wire fraud, bank fraud, and money laundering brought under Racketeer Influenced and Corrupt Organizations (RICO), according to a court filing last September. 

“The causal connection between defendants’ purported racketeering and plaintiffs’ injury is insufficiently “direct” and “straightforward” to satisfy the proximate cause requirement,” the judge wrote.  

With part of the claims being dismissed, the companies still face legal scrutiny under the Sherman Act, the Commodities Exchange Act and the New York General Business Law, for claims including forming a monopoly power and manipulating the cryptocurrency market.

Bitfinex and Tether said they look forward to litigating this case and won’t settle what remains of the plaintiffs’ ”baseless claims.” In their latest statement, the companies called the complaint “a clumsy attempt at a money grab, which recklessly harms the whole cryptocurrency ecosystem.”

The lawsuit was initiated in October 2019 by a group of individual cryptocurrency investors. In the 593-paragraph complaint submitted to the United States District Court, Southern District of New York, plaintiffs said the company Tether arbitrarily printed 2.8 billion tether stablecoins (USDT) from 2017 through 2018 to flood the Bitfinex exchange and purchase other cryptocurrencies, causing their prices to spike. 

“Tether’s 1:1 USDT/USD guarantee is a lie,” according to the complaint, “Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized”. 

A blockchain-based cryptocurrency, Tether’s tokens in circulation are in theory backed by an equivalent amount of U.S. dollars, making it a stablecoin with a price pegged to USD $1.00. As of February 2022, Tether is the third-largest cryptocurrency by market capitalization, worth more than $77 billion.

The lawsuit is the latest movement of a series of legal inspections against Tether and Bitfinex in the last two years. Early in February last year, The New York Attorney General’s office (NYAG) alleged that Bitfinex and Tether attempted to cover up the loss of approximately $850 million in customer funds. As part of the settlement, Bitfinex and Tether agreed to pay $18.5 million, cease trading with New York residents and entities, and provide quarterly transparency reports to the NYAG. 

According to its recent report as of September 30, 2021, the company’s consolidated assets exceeded its liabilities by more than $1 million, a sign that its reserve is sufficient for potential redemptions of the digital asset tokens issued, according to its accounting report audited by Moore Cayman, an accounting firm. 

Tether and Bitfinex petitioned the New York State Supreme Court in August to block the NYAG from providing the cryptocurrency news site CoinDesk with documents detailing the reserves, according to the petition filed. 

“The full detail of the investment strategy behind how Tether achieves its returns, and the counterparties and issuers it works with to achieve them, is a key part of its business and one it does not want to reveal to the broader public,” according to the filing. 

Meanwhile, the Commodity Futures Trading Commission (CFTC) stepped in last October and fined Tether $41 million for misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin. It also fined Bitfinex $1.5 million for not registering for “illegal, off-exchange digital asset transactions”. 

The CFTC said that between June 1, 2016 and February 25, 2019, Tether misrepresented to customers and the market that it had sufficient U.S. dollar reserves to back every USDT in circulation which they “safely deposited” in Tether’s bank accounts. 

The U.S. government agency, which regulates derivatives markets, found Tether’s fiat reserves in its accounts to back USDT tether tokens could only support 27.6 percent of the days in a 26-month sample time period from 2016 through 2018. Instead of holding all USDT token reserves in U.S. dollars as claimed, Tether relied upon unregulated entities and certain third-parties to hold funds comprising the reserves. Tether and Bitfinex’s combined assets included at least 29 unregistered arrangements that were not documented through any agreement or contract. 

“This case highlights the expectation of honesty and transparency in the rapidly growing and developing digital assets marketplace,” said Rostin Behnam, Acting Chairman of CFTC in the press release. 

 

Filed Under: Blockchain, Crypto

Chinese Tech Startup Gave Up a $36 Million VR Game, Pivoting to NFTs

February 4, 2022 by Diana Li Leave a Comment

For some Chinese entrepreneurs, the future of Web 3.0 is more about non-fungible tokens (NFTs) and less about virtual reality (VR) and cryptocurrency trading.

Shanghai Vsensory Network Technology Co.Ltd, a startup that developed the 2016 virtual reality video game Blackshield, said it would shift its focus from the 230 million yuan ($36 million) valuation game to Meta Cube, an NFT art gallery project that provides a digital platform for NFT collectors to showcase their artworks. 

“As a six-year veteran, I loved VR but was also hurt by VR. It is an industry where you need a lot of hardware investment like chips and headsets and the payback can be really slow,” said Sheng Lu, founder of Shanghai Heyu Intelligent Technology Co. Ltd., a subsidiary of Shanghai Vsensory that led the Meta Cube project. “But NFTs and digital assets are faster, and I believe the next generation of tech giants are gonna be born from here.”

The pivot from VR games towards NFTs followed China’s freeze on new video game licenses that extended in 2022, making 14,000 small studios and gaming-related firms go bust in the last few months, The South China Morning Post reported. 

The Shanghai-based startup will launch this subscription-based NFT platform next month, where users pay a membership fee to create and upload their digital assets using a designed template. Prime members may also get a personalized NFT exhibition gallery with a premium fee. Payments will be conducted over Binance, the largest cryptocurrency exchange by daily trading volume.

Lu said they would offer free gallery designs for Asian celebrities like Taiwanese TV host Blackie Chen and singer Christine Fan, creating virtual spaces for NFT collections where they can generate a demo video and post on their social media to help the company gain traffic. 

The majority of their 20-member team of talents come from VR gaming backgrounds, including former employees from gaming giants like Gameloft and Tencent. “We would love to leverage our years of experience in VR video games to stand out, ” said Lu.

 

Filed Under: Gaming, NFTs, Tech Tagged With: AR, NFT, VR

Primary Sidebar

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • May 2024
  • April 2024
  • March 2024
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • October 2022
  • June 2022
  • April 2022
  • March 2022
  • February 2022

Loading...

Footer

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • May 2024
  • April 2024
  • March 2024
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • October 2022
  • June 2022
  • April 2022
  • March 2022
  • February 2022

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Copyright © 2025 · News Pro on Genesis Framework · WordPress · Log in