Union Bank of India Announces Excellent Results for the Quarter ended June 30, 2017         
Highlights  of  Union Bank of India's Results for the Quarter ended June 30, 2017  

CASA     25.1 per cent YoY
Non Interest Income      `  ` 1414 crore  (up 36 per cent YoY) 
Savings Deposit     27.6 per cent YoY
Operating Profit     ` ` 2057 crore (up 26.5 per cent YoY) 
CASA Share      35.5 per cent 
Net Profit        ` 117 crore (up 7.3 per cent QoQ) 
RAM* Sector      14.8 per cent YoY
CRAR       12.01 per cent 
RAM* Share       55.4 per cent
Tier I      9.24 per cent 

 The growth in Deposits was driven by Savings Deposits, which grew by 27.6 per cent on YoY basis.
 
 Cost to income ratio improved to 43.79 per cent against 48.28 per cent on YoY basis.

 Capital Adequacy Ratio (Basel III) improved to 12.01 per cent compared to 10.75 per cent a year ago. * (Retail, Agriculture & MSME share in domestic advances) 

Business
Global Business grew by 10.5 per cent to `670971 crore as on June 30, 2017 from `607280 crore as on June 30, 2016. Domestic business grew by 10.0 per cent to `635233 crore as on June 30, 2017 from `577473 crore as on June 30, 2016.  Total deposit of the bank grew from `338727 crore as on June 30, 2016 to `375796 crore as on June 30, 2017 showing growth of 10.9 per cent. 
Financial Results for the Quarter ended June 30, 2017 
                                            
CASA deposits grew by 25.1 per cent to `133412 crore as on June 30, 2017 from `106604 crore as on June 30, 2016.   CASA share in total deposits improved to 35.5 per cent as on June 30, 2017 compared to 31.5 per cent as on June 30, 2016. Average CASA ratio also increased by 430 basis points (bps) to 33.5 per cent on YoY basis.  Savings Deposit registered YoY growth of 27.6 per cent.  A total of 8.70 lakh CASA accounts were opened during April-June 2017, out of which 8.38 lakh were Savings Bank Accounts (excl. BSBDA/BSBDS accounts).   The Bank’s Global Advances grew by 9.9 per cent (YoY) to `295175 crore as on June 30, 2017 from `268553 crore as on June 30, 2016.  Due to encouraging growth of 14.8 per cent in RAM (Retail, Agriculture & MSME) sector, Domestic Advances increased by 9.4 per cent from `242935 crore as on June 30, 2016 to `265683 crore as on June 30, 2017. 


Financial Performance for the quarter ended June 2017

Domestic Net Interest Margin (NIM) stood at 2.20 per cent for April -June 2017 as against 2.36 per cent for April -June 2016. Global NIM for April -June 2017 stood at 2.06 per cent as against 2.27 per cent for January-March 2017 quarter. It was 2.28 per cent a year ago.    Yield on funds stood at 6.94 per cent for April -June 2017 as against 7.94 per cent for April-June 2016 and 7.35 per cent for January-March 2017.   Cost of funds stood at 5.03 per cent for April -June 2017 as against 5.82 per cent for April-June 2016 and 5.24 per cent for January-March 2017.  Net Interest Income for April-June 2017 increased by 6.7 per cent to `2243 crore from `2103 crore for April-June 2016. It was `2387 crore during January-March 2017.  Non Interest Income for April-June 2017 stood at `1414 crore, showing increase of 36.0 per cent over April-June 2016.   Operating profit increased by 26.5 per cent to `2057 crore during April-June 2017 over `1626 crore during April-June 2016 and was `2134 crore during January-March 2017.  Net Profit for April-June 2017 sequentially increased to `117 crore from `109 crore in January-March 2017.  Cost to income ratio improved to 43.79 per cent for April -June 2017 from 48.28 per cent for April-June 2016 and it was 44.32 per cent for January-March 2017.  Return on average assets (annualised) stood at 0.10 per cent for April-June 2017 as against 0.17 per cent for April-June 2016 and 0.10 per cent for January-March 2017.  Return on equity (annualised) stood at 2.46 per cent in April -June 2017 as against 3.36 per cent for April -June 2016 and 2.27 per cent for January-March 2017.  Earnings per share (annualised) stood at `6.78 in April -June 2017 as against `9.69 for April -June 2016 and `6.33 for January-March 2017.

Asset Quality
Gross NPA stood at 12.63 per cent as on June 30, 2017 as against 11.17 per cent as on March 31, 2017 and 10.16 per cent as on June 30, 2016.   Net NPA ratio stood at 7.47 per cent as on June 30, 2017 as against 6.57 per cent as on March 31, 2017 and 6.16 per cent as on June 30, 2016.  Provision Coverage Ratio stood at 51.13 per cent as on June 30, 2017 as against 51.41 per cent as on March 31, 2017. It was 49.99 per cent as on June 30, 2016.  

Capital Adequacy

Capital Adequacy ratio of the Bank under Basel III improved to 12.01 per cent as on June 30, 2017 as against 11.79 per cent as on March 31, 2017 and 10.75 per cent as on June 30, 2016 compared to minimum regulatory requirement of 10.25 per cent.  The Tier I ratio as of June 30, 2017 is 9.24 per cent, within which Common Equity Tier 1 ratio is 7.73 per cent compared to regulatory minimum of 6.75 per cent. 

Digital Initiatives

The Bank has been pioneer in taking various digital initiatives and continuously launched various digital products for enhancing the customer services. Following are some of the key achievements during the quarter:
 66 per cent growth in mobile banking users on YoY basis.  U-Mobile transaction volume doubled from June 2016.  90 per cent growth in number of PoS terminals on YoY basis.  7th largest presence in banking industry and 3rd largest presence amongst all PSU banks within short span of time in Social media.  Trendsetter on Social media channels by taking various initiatives like Live streaming, Digital Education Series – #KyaAapJanteHai etc.   67 per cent share of “transactions through digital channels” in “overall transactions”. 

Financial Inclusion:

Under the Pradhan Manrti Jan Dhan Yojana (PMJDY), the the Bank has more than 69 lakh accounts having a balance of `1270 crore.   48.91 lakh Rupay Card issued under PMJDY as on June 30, 2017.

Total enrollment under Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APJ) increased to 30.1 lakh, 12.8 lakh and 2.21 lakh respectively.  The Bank financed `696 crore in 33433 accounts under Pradhan Mantri Mudra Yojana, including an amount of `211 crore to 7964 beneficiaries through a specific scheme for financing of light commercial vehicle during April–June 2017. 

Network

The Bank has 4286 branches as of June 30, 2017 including 4 overseas branches at Hong Kong, DIFC (Dubai), Antwerp (Belgium) and Sydney (Australia). In addition, the Bank has representative offices at Shanghai, Beijing and Abu Dhabi. The Bank also operates in United Kingdom through its wholly owned subsidiary, Union Bank of India (UK) Ltd.   Total number of ATMs stood at 7574 including 1685 talking ATMs as of June 30, 2017. ATM to branch ratio stood at 1.77. 

Awards & Accolades during FY 2017-18 (April-June)

Skoch Award 
Skoch Order of merit Award – Operational Customer Relationship Management (OCRM)
Skoch Financial Technology Award - Unified Payment Interface(UPI)
Skoch Financial Technology Award - Green PIN solution for Debit cards 
Skoch Financial Technology Award - Union Digi Gaon
Skoch Financial Inclusion Award for Financial Inclusion

          '..If you can’t see this next crisis coming, you’re not paying the right kind of attention .. Financial politicians..' (no replies)        
'..If you can’t see this next crisis coming, you’re not paying the right kind of attention..'

'This Fed has already engineered the next crisis, just as Greenspan kept rates too low for too long, ignored his regulatory responsibility, and engineered the housing bubble and subprime crisis. If you can’t see this next crisis coming, you’re not paying the right kind of attention. The Trump Fed is going to have to deal with that crisis, but we still have many questions as to what a Trump Fed will actually look like or do.'

John Mauldin (Source, Jun 25, 2017)


'..Their empathy circuits get turned off.'

'Powerful people everywhere routinely make decisions that hurt others. We see it in central bankers, politicians, corporate CEOs, religious groups, universities – any large organization. The old saying is right: Power really does corrupt. And corruption is a barrier to sustainable economic growth. This is more than a political problem; it has a serious economic impact.

Recent psychological research suggests that powerful people behave remarkably like traumatic brain injury victims. Controlled experiments show that, given power over others, people often become impulsive and less sensitive to risk. Most important, test subjects often lose empathy, that is, the ability to understand and share the feelings of others.

..

Powerful people also lose a capacity called “mirroring.” When we observe other people doing something, our brains react as if we were doing the same thing. It’s why, when you watch a sporting event, you may unconsciously mimic a golf swing or the referee’s hand signals. Some portion of your brain thinks you are really there. But when researchers prime test subjects with powerful feelings, their mirroring capacity decreases.

You can see why this is a problem. The Protected-class members of the Federal Open Market Committee must feel quite powerful when they gather in that fancy room to make policy decisions. It’s no wonder they forget how their decisions will affect regular working-class people: Their empathy circuits get turned off.'

- Patrick Watson, The Wedge Goes Deeper, June 30, 2017


'..I now feel that it's highly likely we will face a major financial crisis, if not later this year, then by the end of 2018 at the latest..'

'Re-entering the news flow was a jolt, and not in a good way. Looking with fresh eyes at the economic numbers and central bankers’ statements convinced me that we will soon be in deep trouble. I now feel that it's highly likely we will face a major financial crisis, if not later this year, then by the end of 2018 at the latest. Just a few months ago, I thought we could avoid a crisis and muddle through. Now I think we’re past that point. The key decision-makers have (1) done nothing, (2) done the wrong thing, or (3) done the right thing too late.

Having realized this, I’m adjusting my research efforts. I believe a major crisis is coming. The questions now are, how severe will it be, and how will we get through it? With the election of President Trump and a Republican Congress, your naïve analyst was hopeful that we would get significant tax reform, in addition to reform of a healthcare system that is simply devastating to so many people and small businesses. I thought maybe we’d see this administration cutting through some bureaucratic red tape quickly. With such reforms in mind I was hopeful we could avoid a recession even if a crisis developed in China or Europe.

..

One news item I didn’t miss on St. Thomas – and rather wish I had – was Janet Yellen’s reassurance regarding the likelihood of another financial crisis. Here is the full quote.

Would I say there will never, ever be another financial crisis? You know probably that would be going too far, but I do think we’re much safer, and I hope that it will not be in our lifetimes and I don’t believe it will be. [emphasis added]

I disagree with almost every word in those two sentences, but my belief is less important than Chair Yellen’s. If she really believes this, then she is oblivious to major instabilities that still riddle the financial system. That’s not good.

..

Financial politicians (which is what central bankers really are) have a long history of saying the wrong things at the wrong time. Far worse, they simply fail to tell the truth. Former Eurogroup leader Jean-Claude Juncker admitted as much: “When it becomes serious, you have to lie,” he said in the throes of Europe’s 2011 debt crisis.'

- John Mauldin, Prepare for Turbulence, July 9, 2017


'..Market distortions – including valuations, deeply embedded complacency, and Trillions of perceived safe securities – have become only further detached from reality. And the longer all this unstable finance flows freely into the real economy, the deeper the structural maladjustment.'

'This week marks the five-year anniversary of Draghi’s “whatever it takes.” I remember the summer of 2012 as if it were yesterday. From the Bubble analysis perspective, it was a Critical Juncture – for financial markets and risk perceptions, for policy and for the global economy. Italian 10-year yields hit 6.60% on July 24, 2012. On that same day, Spain saw yields surge to 7.62%. Italian banks were in freefall, while European bank stocks (STOXX600) were rapidly approaching 2009 lows. Having risen above 55 in 2011, Deutsche Bank traded at 23.23 on July 25, 2012.

It was my view at the time that the “European” crisis posed a clear and immediate threat to the global financial system. A crisis of confidence in Italian debt (and Spanish and “periphery” debt) risked a crisis of confidence in European banks – and a loss of confidence in European finance risked dismantling the euro monetary regime.

Derivatives markets were in the crosshairs back in 2012. A crisis of confidence in European debt and the euro would surely have tested the derivatives marketplace to the limits. Moreover, with the big European banks having evolved into dominant players in derivatives trading (taking share from U.S. counterparts after the mortgage crisis), counter-party issues were at the brink of becoming a serious global market problem. It’s as well worth mentioning that European banks were major providers of finance for emerging markets.

From the global government finance Bubble perspective, Draghi’s “whatever it takes” was a seminal development. The Bernanke Fed employed QE measures during the 2008 financial crisis to accommodate deleveraging and stabilize dislocated markets. Mario Draghi leapfrogged (helicopter) Bernanke, turning to open-ended QE and other extreme measures to preserve euro monetary integration. No longer would QE be viewed as a temporary crisis management tool. And just completely disregard traditional monetary axiom that central banks should operate as lender of last resort in the event of temporary illiquidity – but must avoid propping up the insolvent. “Whatever it takes” advocates covert bailouts for whomever and whatever a small group of central bankers chooses – illiquid, insolvent, irredeemable or otherwise. Now five years after the first utterance of “whatever it takes,” the Draghi ECB is still pumping out enormous amounts of “money” on a monthly basis (buying sovereigns and corporates) with rates near zero.

..

Thinking back five years, U.S. markets at the time were incredibly complacent. The risk of crisis in Europe was downplayed: Policymakers had it all under control. Sometime later, the Financial Times - in a fascinating behind-the-scenes exposé - confirmed the gravity of the situation and how frazzled European leaders were at the brink of losing control. Yet central bankers, once again, saved the day – further solidifying their superhero status.

I’m convinced five years of “whatever it takes” took the global government finance Bubble deeper into perilous uncharted territory. Certainly, markets are more complacent than ever, believing central bankers are fully committed to prolonging indefinitely the securities bull market. Meanwhile, leverage, speculative excess and trend-following flows have had an additional five years to accumulate. Market distortions – including valuations, deeply embedded complacency, and Trillions of perceived safe securities – have become only further detached from reality. And the longer all this unstable finance flows freely into the real economy, the deeper the structural maladjustment.'

- Doug Noland, Five Years of Whatever It Takes, July 29, 2017


'..This whole episode is likely to end so badly that future children will learn about it in school and shake their heads in wonder at the rank stupidity of it all, just like many of us did when we learned about the Dutch Tulip mania.'

'While I've written about numerous valuation measures over time, the most reliable ones share a common feature: they focus on identifying "sufficient statistics" for the very, very long-term stream of cash flows that stocks can be expected to deliver into the hands of investors over time. On that front, revenues are typically more robust "sufficient statistics" than current or year-ahead earnings. See Exhaustion Gaps and the Fear of Missing Out for a table showing the relative reliability of a variety of measures. In April 2007, I estimated that an appropriate valuation for the S&P 500 stood about 850, roughly -40% lower than prevailing levels. By the October peak, the prospective market loss to normal valuation had increased to about -46%. As it happened, the subsequent collapse of the housing bubble took the S&P 500 about -55% lower. In late-October 2008, as the market plunge crossed below historically reliable valuation norms, I observed that the S&P 500 had become undervalued on our measures.

Again attempting to “stimulate” the economy from the recession that followed, the Federal Reserve cut short-term interest rates to zero in recent years, provoking yet another episode of yield-seeking speculation, where yield-starved investors created demand for virtually every class of securities, in the hope of achieving returns in excess of zero. Meanwhile, Wall Street, suffering from what J.K. Galbraith once called the “extreme brevity of the financial memory,” convinced itself yet again that the whole episode was built on something more solid than quotes on a screen and blotches of ink on paper..

..

..greater real economic activity was never the likely outcome of all this quantitative easing (indeed, one can show that the path of the economy since the crisis has not been materially different than what one could have projected using wholly non-monetary variables). Rather, Ben Bernanke, in his self-appointed role as Mad Hatter, was convinced that offensively hypervalued financial markets - that encourage the speculative misallocation of capital, imply dismal expected future returns, and create temporary paper profits that ultimately collapse - somehow represent a greater and more desirable form of “wealth” compared with reasonably-valued financial markets that offer attractive expected returns and help to soundly allocate capital. Believing that wealth is embodied by the price of a security rather than its future stream of cash flows, QE has created a world of hypervaluation, zero prospective future returns, and massive downside risks across nearly every conventional asset class.

And so, the Fed created such an enormous pool of zero interest bank reserves that investors would feel pressure to chase stocks, junk debt, anything to get rid of these yield-free hot potatoes. That didn’t stimulate more real, productive investment; it just created more investors who were frustrated with zero returns, because someone had to hold that base money, and in aggregate, all of them had to hold over $4 trillion of the stuff at every moment in time.

When you look objectively at what the Fed actually did, should be obvious how its actions encouraged this bubble. Every time someone would get rid of zero-interest base money by buying a riskier security, the seller would get the base money, and the cycle would continue until every asset was priced to deliver future returns near zero. We’re now at the point where junk yields are among the lowest in history, stock market valuations are so extreme that we estimate zero or negative S&P 500 average annual nominal total returns over the coming 10-12 year horizon, and our estimate of 12-year prospective total returns on a conventional mix of 60% stocks, 30% Treasury bonds, and 10% Treasury bills has never been lower (about 1% annually here). This whole episode is likely to end so badly that future children will learn about it in school and shake their heads in wonder at the rank stupidity of it all, just like many of us did when we learned about the Dutch Tulip mania.

Examine all risk exposures, consider your investment horizon and risk-tolerance carefully, commit to the flexibility toward greater market exposure at points where a material retreat in valuations is joined by early improvement in market action (even if the news happens to be very negative at that point), fasten your protective gear, and expect a little bit of whiplash. Remember that the “catalysts” often become evident after prices move, not before. The completion of this market cycle may or may not be immediate, but with the median stock at easily the most extreme price/revenue ratio in history, and a run-of-the-mill outcome now being market loss on the order of -60%, the contrast between recent stability and likely future volatility could hardly be more striking.'

- John P. Hussman, Ph.D., Hot Potatoes and Dutch Tulips, July 31, 2017


Context

(2017) - '..a deeply systemic debt crisis akin to the aftermath of 1929 .. the stage has now been set..'

(Banking Reform - Monetary Reform) - '..debt is our biggest security threat..'

'..the Next 30 Years: “Everything is Deflationary”..'

          (2017) - '..a deeply systemic debt crisis akin to the aftermath of 1929 .. the stage has now been set..' (no replies)        
'..But after a decade of unprecedented expansion of government debt and central bank Credit, the stage has now been set for a more systemic 1929-like financial dislocation.'

'June 27 – Reuters (William Schomberg, Marc Jones, Jason Lange and Lindsay Dunsmuir): “U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash. ‘Would I say there will never, ever be another financial crisis?’ Yellen said… ‘You know probably that would be going too far but I do think we're much safer and I hope that it will not be in our lifetimes and I don't believe it will be,’ she said.”

While headlines somewhat paraphrased Yellen’s actual comment, “We Will not see Another Crisis in Our Lifetime” is reminiscent of Irving Fisher’s “permanent plateau” just weeks before the great crash of 1929. While on the subject, I never bought into the popular comparison between 2008 and 1929 – and the related notion of 2008 as “the 100-year flood”. The 2008/09 crisis was for the most part a private debt crisis associated with the bursting of a Bubble in mortgage Credit – not dissimilar to previous serial global crises, only larger and somewhat more systemic. It was not, however, a deeply systemic debt crisis akin to the aftermath of 1929, which was characterized by a crisis of confidence in the banking system, the markets and finance more generally, along with a loss of faith in government policy and institutions. But after a decade of unprecedented expansion of government debt and central bank Credit, the stage has now been set for a more systemic 1929-like financial dislocation.

As such, it’s ironic that the Fed has branded the banking system cured and so well capitalized that bankers can now boost dividends, buybacks and, presumably, risk-taking. As conventional central bank thinking goes, a well-capitalized banking system provides a powerful buffer for thwarting the winds of financial crisis. Chair Yellen, apparently, surveys current bank capital levels and extrapolates to systemic stability. Yet the next crisis lurks not with the banks but within the securities and derivatives markets: too much leverage and too much “money” employed in trend-following trading strategies. Too much hedging, speculating and leveraging in derivatives. Market misperceptions and distortions on an epic scale.

Compared to 2008, the leveraged speculating community and the ETF complex are significantly larger and potentially perilous. The derivatives markets are these days acutely more vulnerable to liquidity issues and dislocation. Never have global markets been so dominated by trend-following strategies. It’s a serious issue that asset market performance – stocks, bond, corporate Credit, EM, real estate, etc. – have all become so tightly correlated. There are huge vulnerabilities associated with various markets having become so highly synchronized on a global basis. And in the grand scheme of grossly inflated global securities, asset and derivatives markets, the scope of available bank capital is trivial.

I realize that, at this late stage of the great bull market, such a question sounds hopelessly disconnected. Yet, when markets reverse sharply lower and The Crowd suddenly moves to de-risk, who is left to take the other side of what has become One Gargantuan “Trade”? We’re all familiar with the pat response: “Central banks. They’ll have no choice.” Okay, but I’m more interested in the timing and circumstances.

Central bankers are now signaling their desire to proceed with normalization, along with noting concerns for elevated asset prices. As such, I suspect they will be somewhat more circumspect going forward when it comes to backstopping the markets - than, say, back in 2013 with Bernanke’s “flash crash” or with the China scare of early-2016. Perhaps this might help to explain why the VIX spiked above 15 during Thursday afternoon trading. Even corporate debt markets showed a flash of vulnerability this week.'

- Doug Noland, Weekly Commentary: The Road to Normalization, July 1, 2017


Context (Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'

'Unsound Finance gets to the heart of the issue.'

'..Like monetarists, Keynes held no capital theory .. the role time plays..' - Jesús Huerta de Soto

'..Loose financial conditions and record debt issuance..'


'..investors’ fear of missing out is looking increasingly desperate..'

'..a giant passive 'beta' bubble .. This may be the Mother of all beta bubbles..'

'..The same combination prevailed at the 1929, 1972, 1987, 2000, and 2007 market peaks..'


(Banking Reform - Monetary Reform) - '..debt is our biggest security threat..'

          (Banking Reform - Monetary Reform) - '..debt is our biggest security threat..' (no replies)        
'Now that he is president, Trump likes to tout the fact he’s listening to America’s generals. Perhaps he needs to talk to General Mike Millen, the former Chairman of the Joint Chiefs of Staff. Perhaps then he would see that the greatest threat America faces isn’t from China, Russia, or North Korea – it is from the national debt. Until Trump reverses course on military spending, and gets tough on entitlements, his "America First" budget will only make the US worse off.'

- Tho Bishop (Source, March 20, 2017)


'..a crippling national debt..'

'Under a Republican budget resolution, the national debt will explode by a third from an already staggering $19 billion to $29 trillion over the next ten years. Although counterintuitive, Democratic presidents, at least those after World War II, have reduced deficits as a portion of the value of the national economy (GDP) while Republican presidents have increased them — thus accumulating less public debt as a percentage of GDP. Yet neither political party has paid enough attention to this burgeoning national security problem.

National security problem? Yes. General Mike Mullen, while he was Chairman of the Joint Chiefs of Staff, the nation’s top military man, was enlightened enough about long-term health of American power to realize that it takes continuing infusions of money to acquire the weapons and equipment, personnel, training, maintenance and benefits to create a credible military to adequately defend the country. In addition, all other indices of national power — political, diplomatic and cultural — require money too.

To generate those resources, a strong economy is needed. The number one problem dragging down economic growth rates through the George W. Bush and Barack Obama presidencies was a crippling national debt..'

- Ivan Eland, National debt is our biggest security threat: Column, January 11, 2017


Context

'..World Debt Hits $152 Trillion.'

'Our nation and the world are paying a very heavy price for a failed experiment in Inflationism..' - Doug Noland

'..Global policies since the 2008 crisis have spurred the expansion of speculative finance to multiples of pre-crisis levels..'


'Germany Plans to Cut 2017 Debt Sales .. Balanced-Budget..'

'..monetary knowledge .. of currency reform under difficult conditions you have to go to Carl Menger.'

(Banking Reform - Monetary Reform) - '..The Theory of Money and Credit .. an invaluable guide for ending the business cycles of our own time.'


(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'

          European Banking System on Verge of Collapse (no replies)        
'..doubt that European banks still had a viable business model.'

- 'Europe’s banks .. a “very fragile situation”..'


'..Monte dei Paschi, Italy’s third largest bank and oldest bank in the world is insolvent in any realistic scenario.

..

The Financial Times discusses the Vanishing Market Value of European Banks.

“The key to us is understanding this is a profitability issue versus an insolvency issue,” says Hani Redha, a portfolio manager at PineBridge Investments, regarding the sector’s performance.”

I suggest (as does the market) the entire European banking system is on the verge of collapse.'

- Mike "Mish" Shedlock, European Banking System on Verge of Collapse; Market Votes “No Confidence” in Italian Bank Rescue, August 2, 2016


Context (Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'

'..the mismanagement and corruption of bankers and politicians in the 21st century.'

'Monte Paschi .. should be put into resolution, not bailed out.'

'..Like monetarists, Keynes held no capital theory .. the role time plays..' - Jesús Huerta de Soto

          Six Questions With Steven Anthony, Founder/Managing Partner of Global Sports Management        
Steven Anthony is an accomplished Senior Executive, Entrepreneur and Board Member, with more than fifteen years success across the banking, finance, and hospitality industries. Anthony is a graduate of Dillard University where he received his B.A. in Business Administration & Management and he also holds a Master’s degree from Georgetown University in Real Estate. He and...
          AT&T To Launch Rollover Data Plan        
AT&T To Launch Rollover Data Plan

A month ago in December, T-Mobile announced its Data Stash program, wherein subscribers can carry over unused data from one month to the next one. It has only been a few days since this program has taken effect, and now AT&T is launching Rollover Data, its answer to T-Mobile's program.

Like T-Mobile's offer, AT&T's Rollover Data lets subscribers save their leftover data after each billing cycle. The plan will be launched on January 25th, and will be open to all subscribers under AT&T's Mobile Share Value plans.

However, it should be noted that AT&T will not allow its subscribers to keep banking the same data month after month. This means that customers will have to use up the data they saved in the next billing cycle, or lose the data.

For instance, if a customer has four lines under a 15 gigabyte AT&T Mobile Share Value plan, and only uses up 10 gigabytes for the month of January, he will be able to roll over the 5 unused gigabytes for the next month. In other words, he will have a total data allotment of 20 gigabytes in February (15 gigabytes + 5 unused gigabytes). 

If the customer does not use up all the 20 gigabytes allotted in February, he will not be able to bank the accumulated two months worth of unused gigabytes onto March. Instead, the first rule applies: he can only roll over unused data from the previous month, which in this case is whatever amount of data he has not used from the current month's 15 gigabyte allotment. The bottom line is that the customer has to use up the data he saved for the next month, or the whole thing resets. 

AT&T is obviously designing its Rollover Data plan to give users extra data to be used for the next month only, and not to be accumulated and used at, say, the end of the year. Herein lies the difference with T-Mobile's plan -- it lets customers accrue unused data for a full year. 

That is not to say T-Mobile's plan has no caveats of its own. For one, it is only open to individual line subscribers of any postpaid data plan with 3 gigabytes of data allotment or more. As for AT&T's Rollover Data plan, it is available to subscribers of any level of shared plan, even one that only offers 300 megabytes of data allotment.

Indeed, both carriers have different ways of offering data rollover options. Consumers will have to decide for themselves which setup works best for them. Do they go for the plan that lets them save unused data for an extended period of time? Or do they opt for a plan that lets them roll over unused data on a per billing cycle basis only? 

Explore other deals from AT&T now. You can also start browsing plans and phones from T-Mobile.

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          Despite High Profile Jobs, Women Executives Still Rare        
Marianne Lake’s recent appointment as the CFO of JPMorgan Chase marks another victory for women within the business world, specifically in banking. JPMorgan Chase’s CEO, Jamie Dimon, commented on the appointment that Lake was the best person for the job … Continue reading
          Thank you Barang Dapur Basah!        
Salam, hai semua....


Ni kira post pertama sebagai Puan lah ye.. eh kire post kedua la. sebab post ni duk dalam draft. Wanie post pasal citer gigi bongsu tu dulu... hahaha poyo naww!! Banyak kali dah nak post macam-macam kat blog, tapi ada jeeee alasan-alasan malasnye. Kihkihkih~


So.... apa yang berbeza lepas kahwin?


Takde beza apa pun... sebab sebelum kahwin pun, wanie dengan husband (ecewah!) memang berjumpa after work pergi makan, lepas tu balik rumah masing-masing. Weekend, kalau wanie tak kerja, kitorang hang out dengan kawan-kawan takpun layan movie je. After married, lebih kurang sama je rutin. Cuma, kitorang banyak makan di rumah sebab nak berjimat (yang dah kahwin, tahu laaa account bank korang macam mana ghuper bentuk "O" nye kan... hahahahaha) . Selalunya, wanie dengan husband gilir-gilir masak, tapi... nampak gayanya macam husband yang kerap masuk dapur lagi sebab dia tak suka kemas rumah, basuh sidai lipat kain ni.. hahahahah~


Sebulan dua lepas kahwin ni, memang kitorang hidup berjimat cermat weh. Meh nak promote sikit! Yang mana yang sibuk kerja, yang "alahaiii malasnyaaa nak siang cuci ikan segalaaaa" , yang macam wanie kalau nampak isi perut ikan rasa nak pitam (ahahahaha..) , tak payah nak pening-pening kepala chu olz! Korang order terus dengan Barang Dapur Basah atau korang Whatsapp je www.wasap.my/60193247061! Sebulan atau 2 bulan sekali, sini lah "pasar online" wanie shopping. Tak payah nak pening-pening kepala, nak letih badan... harga pun berpatutan. Pakej bawah ni antara pakej yang wanie dengan husband prefer. Tahan untuk sebulan ke sebulan lebih kami berdua...


Macam wanie punya style, wanie bayar guna online banking je. Lepas tu kat luar rumah, wanie dah ada macam cakuk yang wanie sangkut kat pintu rumah. Katakanlah wanie tak balik rumah lagi ke, takpe... senang. Runner yang datang hantar tu biasanya dorang akan call yang dorang dah sampai / nak hantar ke rumah. Wanie just inform je suruh sangkut kat cakuk tu. Bila balik rumah, terus bawak masuk dalam rumah, atau lebih tepat, masuk freezer terus!


So, wanie dengan husband ke Jaya Grocer atau pasar malam, beli bawang-bawang, sayur-sayur, buah-buah... macam tu je lah.


Sekarang kan bulan puasa. Pakej-pakej yang disediakan lagi mengancam kawww!! Tapi dah nama pun hidup berdua laki bini, dua-dua kerja, masak pun ala kadar / bila rajin. Mujur cik abe jenis tak lorat / kisah sangat. Sebab sebelum kahwin dah pernah cakap, kalau nak komplen jarang masak ke apa, izinkan saya menjadi fulltime housewife TAPI jangan tarik muka kalau bini ajak masuk Sephora. Hahahaa~ sebab kalau barang-barang makeup ni wanie prefer beli pakai duit sendiri. Tak tau kenapa, benda lain ok je.


Dah melalut pula... ok lah chu olz! Nak rest-rest jap... baru lepas keluarkan daging. Hari ni off day, so time ni la nak masak, kemas rumah, lipat sidai kain 2 3 bakul kan.. hehe.. petang ni nak masak favourite dish cik abam kite, daging masak asam and pajeri nenas. Nak jimatkan duit.. takyah gi bazaar Ramadan sangat. Semua benda ko nak beli.. ahahahahah~ kbai!




          #044: So erstellen Sie einen Notfallplan         

So erstellen Sie einen Notfallplan

Was passiert eigentlich, wenn Ihnen etwas zustößt? Was ist, wenn Ihnen etwas passiert und Sie sind nicht mehr da? Finden Ihre Angehörigen dann die relevanten Daten und digitalen Dokumente?

Das sind keine einfachen und schon gar keine angenehmen Fragen. Doch auch Sie sollten sie sich stellen. Denn diese Fragen betreffen nicht nur Unternehmer und Selbstständige, sondern uns alle.

Hier sind meine Gedanken zu dieser Situation und was Sie tun können.

So erstellen Sie einen Notfallplan

In der Folge stelle ich ein paar Fragen, die Ihnen helfen, einen Notfallplan zu erstellen:

  • Wie lautet das Passwort für Ihren Computer?
  • Wie lautet das Passwort für Ihr Mobiltelefon (inkl. PIN und PUK)?
  • Wo befinden sich die weiteren Passwörter?
  • Wie ist die Logik bei der Verzeichnisstruktur?
  • Welche Daten/Dateien sind besonders wichtig?
  • Welche Bankkonti gibt es?
  • Wie lauten die PIN-Codes für die Bankkarten?
  • Wie kann man sich für das E-Banking anmelden?
  • Welche Verträge haben Sie zu erfüllen bzw. müssten gekündigt werden?
  • Welche Webseiten haben Sie und wo sind sie gehostet?
  • Wo befinden sich die (Kunden)Adressen?
  • Wo sind Ihre Termine?
  • Wo haben Sie Ihre Fotos gespeichert?
  • Wie lauten die Passwörter für Ihre E-Mail-Accounts?
  • Wie kann man Mails automatisch weiterleiten oder eventuell eine automatische Antwort einrichten?
  • Wie kann man eine Nachricht auf Ihre Webseite setzen und wie soll sie lauten?
  • Wie soll mit den sozialen Netzwerken umgegangen werden (Facebook, Twitter, Google Plus, Xing, LinkedIn usw.)? Sollen die Profile einfach gelöscht werden?

Weiterempfehlen

Hat Ihnen diese Folge gefallen? Dann empfehlen Sie den Podcast doch weiter. Damit unterstützen Sie gleichzeitig mich und meine Arbeit.

Besonders hilfreich sind positive Bewertungen bei iTunes. Klicken Sie gleich weiter unten auf den iTunes-Link und schenken Sie mir ein paar Sterne. Vielen Dank!

Den Podcast abonnieren

In meinem Podcast “einfach produktiv” geht es jede Woche darum, Ihr Zeitmanagement zu verbessern. Sie können meinen Podcast abonnieren. Sobald eine neue Folge erscheint, erhalten Sie sie so automatisch:


          Marijuana Legalization Could Create Financial Complications For N.H.'s Banks        
Members of a House committee heard from state agencies such as corrections, agriculture, and banking this morning about the impact of legalizing...
          Interface deal good for the industry         
08/09/2017

The $600 million Interface Security Systems deal has sent—as The Beach Boys once sang—“good vibrations” throughout the security industry, as it provides not only a vote of confidence for what Interface is doing as a modern systems integration company, but also a vote of confidence in the security industry, in general, as companies like Interface represent a new breed of integrator that is staying at the forefront of new technology and innovation.

John E. Mack III, executive vice president, co-head of investment banking and mergers & acquisitions at Imperial Capital, which acted as financial advisor to Interface on the deal, astutely pointed out that this deal goes beyond validation of what Interface is doing in the space.

“This is a very cool story for the sophisticated new-age security provider, which is what Interface is—the 2.0 version of what the right kind of security player should be,” he told Security Systems News. “We spend so much time in this industry talking about the residential side of the business, which is interesting, but there is a massive opportunity on the commercial side of the business that Interface is tapping into that I think is a compelling theme.”

He continued, “There is a lot of validation for a very successful business model here that Prudential is putting up $180 million of new capital, and SunTx is putting up additional capital into the deal. And that you’ve got a very attractive set of debt investors, and just the fundamental backing for the business, is a meaningful part of a positive message for the industry.”

Jeff Frye, SVP for Interface, told SSN that the support from equity partners is not only a stamp of approval for what the company is doing, but the “capital gives us more fuel to build on our current, better than 15 percent compounded annual growth rate, so we know that we can do more with a little more gas in the tank and we are anxious to prove it.”

Frye noted that the equity will allow the company to expand its products and services around providing business intelligence, as security is becoming so much more than just, well, security.

“As a network provider, and a managed services provider of network services and cybersecurity services, we touch a lot of aspects of our customers’ businesses,” Frye explained. “And as a leading purveyor of Internet of Things services, we are able to aggregate intelligence from all of those sensors and data sources to bring actionable insights to a customer’s business. There are some new verticals that we would like to focus on more, including financial services and banking, so this makes that horizon much brighter and much more approachable.”

And it also makes the security industry’s horizon a little brighter.


          Financial Reform in China [Audio]        
Speaker(s): Howard Davies | In the 6th of an annual series of lectures, Howard Davies reviews the development of the Chinese financial system over the last year. He has been a member of the International Advisory Board of the Chinese banking regulator since 2003 and has observed the dramatic changes in Chinese banks at first hand. The Chinese system has been remarkably insulated from the crisis. What does that mean for the future? Will China turn its back on free-market financial reform? Howard Davies is director of LSE. Prior to this, from 1997-2003 he was Chairman of the Financial Services Authority, the single regulator for the UK financial sector, which was created under his leadership from nine separate regulatory agencies. From 1995-1997 he was Deputy Governor of the Bank of England. His latest books include The 'Financial Crisis: Who is to Blame?' and 'Banking on the Future: the fall and rise of central banking'.
          LSE Director's Dialogue with Paul Volcker [Audio]        
Speaker(s): Howard Davies and Paul Volcker | Howard Davies is director of LSE. Prior to this, from 1997-2003 he was Chairman of the Financial Services Authority, the single regulator for the UK financial sector, which was created under his leadership from nine separate regulatory agencies. From 1995-1997 he was Deputy Governor of the Bank of England. His latest book is Banking on the Future: the fall and rise of central banking, written with David Green, which will be launched at LSE at a public debate on 12 May.
          Banking On The Future: The Fall And Rise Of Central Banking [Audio]        
Speaker(s): Howard Davies, David Green | Not long ago, national central banks were endowed with wide-ranging authority, enormous prestige, and a high degree of independence. Today, in the aftermath of the global financial crisis, rethinking their functioning and their modus operandi is both natural and needed. Howard Davies and David Green write on this issue with authority, reflecting their practical experience, political sensitivity, and high analytic skills.
          China and Financial Reform [Audio]        
Speaker(s): Howard Davies | Howard Davies sits on the International advisory councils of the China banking and securities regulatory commissions. In the fifth lecture of an annual series he reviews the progress of reform in china's financial markets, and the implications for the rest of the world.
          Central Banking and the Credit Crunch [Audio]        
Speaker(s): Howard Davies | Howard Davies is working on a book about the future of central banking to be published in 2009 by Princeton University Press. He will assess the ways in which central banks around the world have responded to the credit crisis and what that implies for their role in financial sector regulation in the future. Howard Davies is Director of the London School of Economics and Political Science (LSE). Prior to this, from 1997-2003 he was Chairman of the Financial Services Authority, the single regulator for the UK financial sector, which was created under his leadership from nine separate regulatory agencies. From 1995-1997 he was Deputy Governor of the Bank of England.
          China and Financial Reform [Audio]        
Speaker(s): Howard Davies | Howard Davies sits on the International advisory councils of the China banking and securities regulatory commissions. In the fourth lecture of an annual series he reviews the progress of reform in china's financial markets, and the implications for the rest of the world. Howard Davies is Director of the London School of Economics and Political Science (LSE). Prior to this, from 1997-2003 he was Chairman of the Financial Services Authority, the single regulator for the UK financial sector, which was created under his leadership from nine separate regulatory agencies. From 1995-1997 he was Deputy Governor of the Bank of England.
          An Internet Connection is all you Need to Get a Loan These Days        

Personal Money Store Blog

In the past, trying to get a loan was a complicated process, one that required you to gather personal financial documents and discuss your borrowing needs with a banking expert. Because of advancements in the industry and modern technology, an internet connection is all you need to get a loan these days. Not only is

An Internet Connection is all you Need to Get a Loan These Days


          Î— ΕΥΔΑΠ κόβει το νερό σε όσους χρωστάνε - Συνολικά 750 φυσικά πρόσωπα χρωστούν 7,5 εκατ. ευρώ - [Bankingnews]        
Image

Σκληρή γραμμή κατά των κακοπληρωτών κρατά η διοίκηση της ΕΥΔΑΠ, η οποία σε καμία περίπτωση δεν θέλει να ακολουθήσει την πολιτική της ΔΕΗ που βουλιάζει στα χρέη. Η διοίκηση του Ιωάννη Μπενίση προσπαθεί να συμμαζέψει τα οικονομικά της εταιρεία μειώνοντας αρχικά τις οφειλές που δημιουργήθηκαν τα...


          Î— αναστολή κυκλοφορίας των "Νέων" και του "Βήματος" θα τις πλήξουν κυκλοφοριακά - Προβληματισμένοι οι εργαζόμενοι - [Bankingnews]        
Image

Ως κίνηση υψηλού ρίσκου χαρακτηρίζεται η απόφαση του Βαγγέλη Μαρινάκη να προχωρήσει έστω και προσωρινά στην αναστολή έκδοσης των εφημερίδων Νέων και του Βήματος της Κυριακής. Η απόφαση του νέου ιδιοκτήτη του συγκροτήματος του ΔΟΛ ήταν οδυνηρή για τους εργαζόμενους που έδωσαν αγώνα να κρατήσουν το...


          Î”έκα φορές έχουν πληρώσει οι καταναλωτές τη μη διασύνδεση των νησιών μέσω των ΥΚΩ - [Bankingnews]        
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Έως έξι φορές υψηλότερα κοστίζει η ηλεκτροδότηση των μη διασυνδεδεμένων νησιών σε σχέση με την ηπειρωτική Ελλάδα, ενώ το κόστος μοιράζεται στους 6.500.000 καταναλωτές που πληρώνουν το "μάρμαρο" μέσα από τα τιμολόγια ρεύματος με τη ρύθμιση ΥΚΩ. Η ετήσια επιβάρυνση στους καταναλωτές υπολογίζεται από...


          Berhati-hati dengan penipuan BL1M        
Belia yang ingin memohon Bantuan Lesen 1Malaysia diminta berhati-hati serta berwaspada dengan individu yang mengaku sebagai ejen Bantuan Lesen 1Malaysia (BR1M).

Bagi pendaftaran permohonan BL1M orang ramai boleh mendaftar melalui My E.G Services Bhd selaku vendor bagi menguruskan program ini dengan bayaran hanya RM199 serta boleh dilakukan di Ibu Pejabat Umno Malaysia, Menara Dato' Onn Kuala Lumpur dengan pembayaran secara atas talian melalui kad kredit dan juga e-banking meps. 


Orang ramai juga boleh menghantar permohonan serta 'Money Order' atau cek melalui pos ke alamat BL1M-Bantuan Lesen 1Malaysia, Pemuda Barisan Nasional, Tingkat 28, Menara Dato' Onn, Jalan Sultan Ismail, 50480  Kuala Lumpur.

Pada 31 Jan lepas, Perdana Menteri Datuk Seri Najib Tun Razak melancarkan program BL1M bagi memudahkan golongan belia mendapat lesen motosikal B2 pada harga lebih murah, iaitu RM199 berbanding harga asal RM350
          Analista Infraestructura        
Sophos Banking Solutions S A S - Bogotá DC - Profesional en Ingeniería de sistemas, Ingeniería de Telecomunicaciones o Ingeniería Electrónica. Con experiencia en dimensionamiento de Infraestructura, IAAS. Experiencia en servicios on Cloud (AWS, Azure, etc). Conocimientos sobre administración y configuración avanzada de Sist...
          Ingeniero Desarrollo J2EE/Angular JS        
Sophos Banking Solutions S A S - Bogotá DC - Nos encontramos en la búsqueda de Ingeniero Desarrollo J2EE/Angular JS Requisitos: Ingeniero de Sistemas, electrónica o carreras afines. Con experiencia de más de 4 años desarrollando sobre tecnologías J2ee y PLSQL. Perfil senior, que haya participado en desarrollo de aplic...
          "Which Bank?" Allegations of est. 1,610 suspect financial transactions possibly involving money laundering or terrorism funding        

Calls for a royal commission into banks and banking practices will probably grow louder.......
ABC News, 3 August 2017:
The Australian Transactions Reports & Analysis Centre (AUSTRAC) today launched civil proceedings in the Federal Court alleging that the Commonwealth Bank failed to comply with the law on 53,700 occasions.
The allegations follow an AUSTRAC investigation into the CBA's use of intelligent deposit machines (IDMs) between November 2012 and September 2015.
The maximum penalty for each of the 53,700 contraventions is up to $18 million.
The potentially massive penalties would dwarf a $45-million fine imposed on Tabcorp earlier this year for failing to comply with anti money laundering and terror financing laws…..
The transactions in question had a total value of around $624.7 million.
ABC News, 7 August 2017:
The Commonwealth's allegations about the extent of the breakdown of CBA's legal obligations are breathtaking.
Reading between the lines in the statement of claim, it would appear Australian Federal Police (AFP) investigating at least four money-laundering syndicates discovered Austrac had no transaction records on those they had under surveillance.
In August 2015, CBA provided authorities with details on two of those missing transactions. Clearly, that caused panic within the bank. For just a month later, it sent Austrac details of a further 53,504 transactions dating back three years where $10,000 or more had taken place.
At least 1,604 of those late filings related to criminal gangs. Even more alarming, a further six filings related to five customers the bank itself had identified as posing a terrorism risk. But, incredibly, it didn't report them.
That is not the end of it. According to the statement of claim, the bank continued to facilitate transactions for drug syndicates even after being alerted by the AFP.
Even as late as January this year, 18 months after the breaches were first discovered, it is accused of failing to report suspicious transfers totalling $320,000 over five days.
The calamity is being sheeted home to the installation of whiz-bang new machines, intelligent deposit machines.
These accept cash or shares, count the money and then deposit it into a CBA account. From there, it can be sent almost instantly to anywhere in the world. And the neat thing, from a criminal or terrorist viewpoint, is that you do not have to be a CBA customer to do it.
Not only that, they would take up to $20,000 at a time. The machines may be intelligent but, sadly, no-one at the bank seemed to give a second thought to the reporting duties, either around the $10,000 limit or to look out for "structured" transactions — those attempting to fly just under the radar with slightly smaller amounts.
When they were first introduced in 2012, they proved popular. Almost $90 million went through in the first six months. That has since risen to around $1 billion a month.
As the debacle unfolded last week, the other banks — all of which have introduced similar machines — were keen to distance themselves from the drama, even if ANZ boss Shayne Elliott lamented that all would suffer.
Each said they had removed "non-compliant machines", whatever that means. For it is not the machines that are at fault. It is the oversight that has failed.
Interestingly, each of the CBA's three main rivals were keen to emphasise that their machines would accept a maximum of $5,000. In effect, that means no single transaction would ever come close to the reporting limit, thereby letting them off the hook……
The odds on a royal commission have now shortened dramatically, for the Turnbull Government's resolve to resist one must now be spent.
Not only that, the banks have lost any moral ground they may have thought they had in opposing the Federal Government levy.
If recent history is anything to go by, the bank and its leaders merely will attempt to pretend it is all a media beat-up and it is business as usual.
There will be the usual contrite statements, the promises of improving systems to ensure there is no repeat, an internal inquiry no less, most likely as early as this week when Mr Narev unveils a $9.8 billion profit.
This time, however, the attack will not be so simply to parry. It is not an angry but disorganised customer base baying for blood. These are issues of national security and the prospect of a concerted legal assault by the Australian Government solicitor.
Hold the bonuses? The fallout is likely to be somewhat larger.
Commonwealth Bank, ASX announcement, 4 August 2017:

Commonwealth Bank response to media reports regarding AUSTRAC civil proceedings

Friday, 4 August 2017 (Sydney):

Commonwealth Bank of Australia notes the media coverage of the civil penalty proceedings initiated yesterday by AUSTRAC for alleged non-compliance with the Anti-Money Laundering and Counter-Terrorism Finance Act 2006. The matter is subject to court proceedings. We are currently reviewing AUSTRAC’s claim and will file a statement of defence. We will keep the market informed of any updates in compliance with our disclosure obligations.


          Public support for strike        
The government may not be on the side of our nurses, teachers and civil servants but at least the public are.

Despite what you might be led to believe when you pick up the majority of papers this weekend, judging by a string of opinion poll results, it seems that the majority of the public is supportive of last week's strike.

A poll conducted by the BBC ahead of the strike showed that 61% of those responding said that they supported it.

Interestingly that was relatively low support compared to support on the actual day of the strike.

A Sky News twitter poll had 72% in support on Wednesday and even the vehemently anit-union Daily Mail ran a poll where 84% of respondents said that they supported the action.

Perhaps what sparked increased support was Osborne's latest attack on the workers who were striking in his autumn statement on Tuesday. If those further cuts were meant as a show of muscle against the public sector it only seems to have made strikers more determined in their cause and even provoked added sympathy from the wider public.

It's a shame for Osborne that the same can't be said of public support for his autumn statement. The latest YouGov poll shows that the majority of voters think that the government are handling the economy badly.

Maybe he would gain a little more credibility if he stopped seeking to punish public sector workers with extra taxation through increased pension contributions and pay cuts and instead accepted proposals to tax the banking sector.
          New head of bank for regional business lending in Oxfordshire        
A NEW regional director for small-to-medium sized firms in the county has been appointed by Lloyds Bank commercial banking.
          In Defense of Economic Noninterventionism         

A recent Wall Street Journal article has surprisingly good news: US companies are seeing the highest profit growth in two years with “two consecutive quarters of double-digit profit growth for the first time since 2011.” This surprisingly comes not from policies pursued in Washington, but the hard work of the private sector.

The fact that businesses and job creators can make such a phenomenal showing after years of regulatory uncertainty and continued political intervention reminds us of the power of the free market and that the best successes come from the work of the individuals, not collectivists in the public sector.

Perhaps the best reminding of what the last eight years brought us was President Obama’s infamous 2012 campaign speech “If you've got a business, you didn't build that.” Throughout the course of his administration saw a creation of routine legislative and executive actions that were designed to both micromanage business and supposedly “create” jobs. Unfortunately, none of this had the intended success.

Most prominently among the actions from the executive administration while Obama was presidents include significantly increased regulations. Among these have included the Waters of the United States Rule (WOTUS), Dodd-Frank, the stimulus package, and, most spectacularly of all, Obamacare. All of these added a large interventions and onerous barriers in the economy that failed to achieve their stated goal.

WOTUS was probably one of the greatest power grabs by the EPA in recent history. The rule essentially sought to define “navigable waters” in the clean water Act which “brought nearly half of Alaska and a total area in the lower 48 states equivalent to the size of California under the CWA’s jurisdiction.” The proposal, had it not been blocked and rescinded, would have cost thousands of dollars for permits on land that was not previously under the EPA’s jurisdiction, delayed production since a permit can take up to months, and this would have resulted in reduced development and production as well as higher prices.

Though the WOTUS rule was not fully implemented, regulations that did have a massive negative impact on the economy include the Dodd–Frank Wall Street Reform and Consumer Protection Act.

As implemented, Dodd-Frank imposed various new regulations on the financial sector, including creating the Consumer Financial Protection Bureau (CFPB), designated firms as systemically important financial institutions (SIFIs), and instituted price controls on debit and credit card transactions. The result was a climate of over regulation with banks being incentivized to become as large as possible in the hopes of being bailed out while the CFPB became a revolving door for lobbyists and influence peddlers to regulate the market with little to no oversight.

Unsurprisingly, one fifth of the banks in the U.S. banks, totalling 1,708, went under between the law’s creation and 2016, which is about one per day, and by 2015 five large banks controlled 50 percent of the banking industry.

Outside of simple regulation, there was also so called “jobs creations” programs that were supposed to create jobs the President did not think businesses could such as the stimulus package. The program was sold as a job creation plan that would keep unemployment below 8 percent for the low price of $830 billion.

The next four years were marked by above 8 percent unemployment while the money ended up being wasted on worthless projects, including trees in wealthy neighborhoods, a study of erectile dysfunction, and the failed company solyndra which was run by a bundler for the Obama campaign. To make matters worse, though unemployment eventually went down long after the stimulus’s implementation, the labor participation rate reached its lowest in 38 years which shows that people still weren’t working.

However, the crowned jewel of overregulation and job destruction during the Obama administration was ObamaCare. Implemented to expand health insurance coverage, it has repeatedly failed to reach its goals as premiums went up, enrollment failed to reach its projections, and the legislation gave corporate welfare (including promised bailouts) to the insurance lobby. In the end, most of the coops failed and major companies pulled out of the exchanges, resulting in 1,000 counties, including five whole states, only having one insurer, a major failure in the goal of expanded coverage.

Inevitably, the phenomenal intervention in the economy by President Obama failed to achieve the job creation while it instead made made doing business that much harder. With record breaking numbers of regulations, Obama was the first President since the Great Depression to never see 3 percent GDP growth.

The Trump administration in the meantime has pursued a different approach than its predecessor. The Trump administration has seen sixteen regulations cut for every one it has created, had signed four resolutions of disapproval under the Congressional Review Act to overturn regulation within two months as President, and rolled back the clean power plan which could have cost $40 billion per year. All of this marks a significant change in policy that will greatly open up business opportunities and expand economic growth.

However, policy alone does not explain why there has been high profit growth for the last two quarters. As the Wall Street Journal article admits, health care legislation and tax reform have been stalled in the senate. This has caused a climate of uncertainty which businesses have not been happy with.

Nevertheless, they have instead moved on from Washington and instead remained focused on doing business. Political events seem to have taken a backseat to actual business as the number of S&P 500 companies have mentioned the President or his administration during conferences is down by a third as the research firm Sentieo found out. To be blunt, the involvement of Washington and government policy is not driving the current profit growth and the lack of involvement may actually be increasing it.

For a better example of how reduced involvement can improve the economy, look no further than the Depression of 1920. At the time, war time debt had exploded, unemployment peaked at 11.7 percent in 1921, and inflation rates jumped above twenty percent. It had the potential to be even more catastrophic than the Great Depression that started in 1929.

However, the policies pursued were entirely different. The federal budget was severely reduced from $18.5 billion in FY 1919 to $3.3 billion for FY 1922. Taxes at the same time were cut by about 40 percent.

As a result, unemployment dropped to 2.3 percent by 1923 and a crisis had been averted. This was accomplished not by bailouts and and overregulation but by getting the government entirely out of the way. This is a radically different approach than was pursued during the financial panic of 2008 or even the Great Depression.

Overall, there has been a repeated belief that government involvement has made economic advancement harder. As was stated by former President Reagan, “Government is not the solution to our problem; government is the problem.” President Kennedy noted the same when he said “Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort — thereby aborting our recoveries and stifling our national growth rate.”

It should come as no surprise then that business are fully prepared to run their own affairs and is best capable to address its own need, for as JP Morgan Chase CEO Jamie Dimon noted, “We’ve been growing at 1.5% to 2%...because the American business sector is powerful and strong and is going to grow regardless.”

It remains the desire of others that the government should intervene in the economy to make improvements. However, this has always resulted in guaranteed failure. Be it raising the minimum wage in Seattle or increased taxation and regulations in Connecticut, the result is usually lackluster growth and decreased jobs. At the national level, Venezuela’s nationalization and China’s increased infrastructure projects have created the same results, which is to say none.

As history and current events have shown time and time again, the best results come not from government involvement and micromanagement, but from the hard work of free individuals in free markets. More and more, the adaptability of businesses to their consumer’s demands and their ability to whether adversity in the marketplace has always been more efficient than the micromanagement the state perceives. As a result, sometimes the best thing to do is to have the government do nothing so that those who can make the economy better will.


          Don't Bring Back Glass-Steagall        

An issue that has a tendency to come into the public consciousness from time to time is bringing back Glass-Steagall. Initially repealed in 1999 by the Financial Services Modernization Act, primarily known as the Gramm–Leach–Bliley Act, the law that separated commercial and investment banking has received renewed support with both party platforms during last year’s presidential election calling for it to be reinstated.

There may be good intentions behind this desire, but the belief that the law would reduce recessions or prevent banks from becoming “too big to fail” is at best misguided and unnecessary while at worst it will cause unforeseen problems for the financial system.

As stated above, Glass-Steagall is a law that requires a separation between commercial and investment banking in the financial sector. It was instituted in the 1930s during the great depression by Sen. Carter Glass (D-Va.) and Rep. Henry Steagall (D-Ala.) in the hopes that it would prevent banks from making risky decisions in the market. At the time, “more than 600 banks failed each year between 1921 and 1929,” so there was a serious desire to curb that.

However, from the 1960s onward, the legislation faced erosion with congressional legislation and the Supreme Court rulings changing key sections of the bill, including reducing limitations on security purchases, the abolition of interest caps, and increased deference to regulatory agencies for the legislation. The most prominent and controversial change to the legislation came from the Gramm-Leach-Bliley Act, which repealed sections 20 and 32 of the legislation.

To be clear, it did not eliminate many security limitations put on banks, but it did eliminate several restrictions by “allow[ing] for affiliations between commercial banks and firms engaged principally in securities underwriting, as well as interlocking management and employee relationships between banks and securities firms.”

Such a move has received heavy criticism since Democratic President Bill Clinton signed it into law. Sen. Elizabeth Warren (D-Mass.) has held the repeal and alleged deregulation of the financial sector as responsible for the 2008 recession. Sen. John McCain (R-Ariz.) has also stated, “Since core provisions of the Glass-Steagall Act were repealed in 1999, a culture of excessive risk-taking has taken root in the banking world, placing the financial security of millions of hardworking American taxpayers at risk.”

Unfortunately, there are certain problems with the narrative that deregulation and the repeal of Glass-Steagall specifically caused the recession. First off, there is no history of deregulation in the past two decades in the financial sector. As was noted by the Mercatus Center, the number of banking regulations actually consistently grew between 1999 and 2008 despite the Glass-Steagall repeal which puts a major hole in the deregulation narrative.

With that in mind, the Glass-Steagall legislation itself had very little to do with the 2008 financial recession. However, many of the institutions that had failed were not actually affected by the legislation period. Also, most of the institutions that did fail either received government incentives to provide risky loans (especially in providing housing loans to people who could not afford them), were still heavily regulated, and received guidelines or incentives from the central government for those risky loans.

In addition, there is also evidence that Glass-Steagall did not reduce the banking failures during the depression which it was allegedly supposed to address. For an example, Canada did not pass a Glass-Steagall law during the recession despite facing similar issues to the US. Overall, Canada saw its GDP fall by 40 percent between 1929 and 1939, but not a single bank failed during the depression years and its banking system remained mostly intact.

Another important point to keep in mind is that Glass-Steagall barely impacted the failing banks. Most of the banks that were failing were smaller in nature and had trouble diversifying due to government regulation. The banks that Glass-Steagall would have impacted were not the ones going under. In the end, Glass-Steagall would barely have the impact its proponents claim it would.

Beyond that, the most replacing Glass-Steagall could do is stifle the banking industry. Some economists have speculated that the repeal softened the blow because it allowed more diversification of the market. Since less diversified firms made up for a larger number of failures during the 2008 financial crisis and the Federal Reserve Bank of San Francisco credited diversification with being the reason Canada did not face bank failures during the depression, this does provide evidence that may have been a possibility.

At the same time, the increased diversification has allowed more opportunities. Economists Jeffrey Rogers Hummel and Warren Gibson noted that banks like Wells Fargo and discount broker Charles Schwab opened up more services and opportunities for their customers at lower prices while former Rep. Judy Biggert (R-Illi.) noted that it would limit liquidity and make it harder to buy and sale assets. Overall, the unproven benefits of the legislation seem to not be worth the potential cost.

This may seem surprising, but the US was the only country in the industrialized world to separate investment and commercial banking. The desire remains to prevent the creation of banks that are “too big to fail” but it seems to have largely failed to address that and has prevented useful diversification. Bringing it back will not prevent another crisis nor prevent banks from going under.


          What ails Indian farmers         
Teaser: 
A study finds faulty agricultural policies and practices and not just indebtedness to blame for rising suicides among farmers.
Loans are not the only reason for farmers' distress. (Source: India Water Portal)

Over the last few months, we saw protests by distressed farmers of Maharashtra, Madhya Pradesh and other states over farming crisis and farmer suicides. In what seemed like a knee-jerk reaction, many state governments announced farm loan waivers without thinking if it would actually help the farmers. 

Are loan waivers enough to improve the situation of farmers? Experts think otherwise. They believe that certain core issues of farming have been left unaddressed and need urgent consideration.

What do farmers have to say about the increasing crisis in agriculture and rising suicides? This article titled Lives in debt: Narratives of agrarian distress and farmer suicides published in the Economic and Political Weekly discusses the findings of a study on farmers’ experiences from two districts with high suicide rates in the country--Yavatmal in Maharashtra and Sangrur in Punjab.

The article argues that farmer suicides need to be understood in the context of the broader crisis in agriculture. It is not only indebtedness but a number of core issues related to faulty agricultural policies and practices that contribute to the distress among farmers.

Glaring signs of the crisis in agriculture

  • The contribution of the agricultural sector to India’s GDP has been declining steadily. Nearly half of the workforce in the country, however, is involved in farming.

  • There has been a steady increase in the percentage of farmers having small landholdings. Small landholdings do not support mechanisation and irrigation. Moreover, the absence of land records in many cases prevent these farmers from accessing formal credit, government benefits or crop insurance.

  • A large number of small farm holders are accessing credit mainly from informal sources.

  • Indebtedness among farmers is on the rise with 52 percent of agricultural households in the country being plagued by it.

What causes distress among farmers in Yavatmal and Sangrur?

Although Yavatmal and Sangrur are very different in terms of socioeconomic backgrounds, crop patterns, agricultural practices, the underlying reasons for distress are found to be similar.

  • Flawed cropping patterns aggravating water scarcity

In Sangrur and Yavatmal, where paddy and cotton are grown, the crop choice is not harmonious with the agroclimatic features of the region. BT cotton is very sensitive to the timing and intensity of rainfall. Growing it in Yavatmal that has unpredictable rainfall and no alternative source of irrigation is unsuitable for the region.

As much as 2,000–4,000 litres of water are required to produce one kilo of rice. The high water demand makes rice unsuitable for a place like Sangrur which is highly water stressed with falling water tables due to severe depletion of groundwater resources.

  • Rising input costs

Farmers in both regions complain of rising input prices (seed, water, electricity, fertiliser, pesticide and land rent) and the absence of a proportionate increase in minimum support prices (MSP). In Yavatmal, BT cotton producers are barely able to meet the costs of production, while traders and middlemen make profits at the cost of farmers who are not able to store the harvest and wait for the right price. Farmers in the study question the instability of prices and demand an enhancement of the loan amount from formal credit sources so that they can cover input costs and make farming viable.

In Sangrur, in addition to the high input prices needed for farming, dependence on paddy cultivation increases the demand for water, forcing farmers to spend huge amounts on digging borewells in an area that suffers from severe depletion of groundwater resources.

  • The unending cycle of borrowing, non-repayment and the shame of debt

Rising input costs force farmers to borrow. Since the bank loans are insufficient to meet these high input costs, farmers are compelled to access informal sources of credit. At times, farmers prioritise repayment of loans taken from informal sources over bank loans due to high rates of interest and to retain their rapport with the moneylender to remain credit-worthy. Also borrowing from different sources to repay bank loans to stay within the banking system further pushes farmers into the spiral of debt. This, coupled with crop failure, worsens their situation.

At times, farmers are forced to borrow from their close relatives when other avenues of borrowing such as moneylenders have been tried and exhausted. The shame associated with one’s inability to repay is immense in village society and it is worse if money is borrowed from relatives, which forces many farmers to commit suicide.

  • Rising aspirations and absence of alternative sources of income

Recently, rising aspirations have also led to farmers taking huge loans for non-farming activities such as marriages, ceremonies, cars, gadgets, contributing to their financial burden as many do not have any other source of income.

What is the way out?

The article suggests some fundamental changes to alter the situation.

  • Moving towards cropping patterns that are suitable for the agro-climatic zones and encouraging indigenous patterns of farming that are less cost intensive.
  • Modifying the institutional credit disbursal system by introducing the option of repayment in instalments.
  • Introducing a proportionate loan–land ratio which would enable the farmer to retain his rights for the rest of his landholdings, which can then be used as a source of liquidity.
  • Introducing specific farming credit policies for dryland and rainfed areas.
  • The introduction of cashless loan components to avoid diversion of crop loans towards non-farm expenditures.
  • Restructuring of loans against localised crop failures where specific and targeted compensation packages take extreme weather events or natural calamities into account.
  • Introducing land reforms, correcting the terms of trade that work against farmers and providing them with alternative sources of livelihoods.

A copy of the paper can be downloaded from below:

Languages: 
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          5 TALKS: MICHAEL JORDAAN        
5FM — He served as the Chief Executive Officer of First National Bank and also as an Executive Committee Member of the FirstRand Banking Group.
          Bangalore University Fifth Semester BCA Exams Question Papers        
Bangalore University Fifth Semester BCA Exams Question Papers

Question Papers Nov/Dec 2015

 V Sem Banking Insurance Y2K8 Scheme (2013-14 Onwards)
 V Sem Java Programming Y2K8 Scheme (2013-14 Onwards)
 V Sem Software Engineering Y2K8 Scheme (2013-14 Onwards)
 V Sem Computer Architecture Y2K8 Scheme (2013-14 Onwards)

Question Papers 2012

BCA-503: Banking and Insurance
BCA-501: Computer Architecture
BCA-504: Java Programming
5 BCA 1: Java Programming and Web Page Development
BCA-505: Operations Research
BCA-501: Software Engineering



          Bangalore University Fifth Semester BBA Exams Question Papers        
Bangalore University Fifth Semester BBA Exams Question Papers

Question Papers Nov/Dec 2015

V Sem Computer Application for Business (2014-15 Onwards)
V Sem Banking Regulations and Practice (2014-15 Onwards)
V Sem Corporate Governance (2014-15 Onwards)
V Sem Financial Market Services (2014-15 Onwards)
V Sem Advanced Financial Management (2014-15 Onwards)
V Sem Management Accounting

Question Papers 2014-15

V Sem Advanced Financial Management
V Sem Banking Regulations and Practice
V Sem Computer Application in Business
V Sem Corporate Governance
V Sem Entrepreneurial Management
V Sem Financial Market and Services (Repeaters)
V Sem Income Tax (Repeaters)
V Sem Law and Practice of Banking (Repeaters)
V Sem Management Accounting
V Sem Management Accounting (Repeaters)
V Sem Project Management (Repeaters)
V Sem Service Management


          Green Festival, the largest sustainability event - part 2        
Dog Flushies
O problema de sacos plásticos + cocô de cachorro acabaram!
A empresa dogflushies desenvolveu um saco biodeagradável que você coleta as sujeiras do seu amiguinho, joga na privada, dá descarga e pronto!
O plástico em contato com a água se decompõe em 10 dias!
Perfeito!




Kate's Caring Gifts
Sabe aqueles de brindes de firma como caneta, chaveiro e caneca personalizados? Então, agora é possível ter brindes green para sua companhia.
Pense em jogos de talher feitos de bambu, ecobags, cantil...



Green Dentistry
Se você acha que já viu tudo em green, certeza que não pensou na possibilidade ter uma clínica dentária com práticas sustentáveis!

The first dentist to make a serious commitment to green sustainable business practices in San Francisco. Dr. Patel takes a unique approach to combine dentistry and conserve the environment, using non toxic products, reducing waste and being minimally invasive.





New Resource Bank
Um banco que é líder em conhecimento green e business sustentável.

The shareholders of New Resource Bank have built leading Bay Area companies as well as leading green and sustainable businesses. They are part of the New Resource Community, which the Bank draws upon to tap broader networks and knowledge to serve its clients. It’s the old fashioned benefits of a community bank matched together with an innovative bank.



Eco Haus
Materiais sustentáveis para a construção da sua linda casinha!



TSdesign
Quer silkar a camiseta? Então utilize tinta 100% a base de água, camiseta feita 65% de garrafa pet, 35% de algodão reciclado, 0% de pvc e derivados de petróleo.



Pangea Organics
Quero muito esse kit!


Crucial Hemp
Uma empresa dedicada 100% a erva e desenvolve produtos a base de marijuana.
No green festival havia infinitos stands de roupas a base de hemp, no entanto, somente a crucial vendia linhas feitas de maconha.


Adorei essas linhas para tecer! imaginem fazer crochês com isso! demais!



Conscious Clothing
Vestidos de noiva feitos a partir de seda de maconha. Ahhhhhhhhhhhhhhhhh


Made green Video
Um studio que faz videos empresariais com consciência ambiental, ou seja, visando o menor desperdício, utilizando opções de materiais sustentáveis e reciclados e de menor impacto no meio ambiente.
Empresa meio caretinha né? Mas é uma idéia/ conceito que pode ser totalmente adaptada aos hype film production.



          Open Forum: Close Calls        
Yes officer. Yes to everything.
I'm training for the new gig in Cleveland Monday through Thursday so I haven't been very plugged in to the happenings in the sports world or the interwebz the last few days. So today I want to open it up and talk about some close calls we have all experienced. These can be life or death, legal, or whatever you can think of. I had one of those experiences Tuesday night.

So it's Tuesday, Seal hasn't taken me up on my offer to get a beer or go to the casino, and I'm about to get off work. So I look up a place relatively close to my hotel with a solid happy hour. I decide on this place called The Pub. Great choice. Half priced Guinness and cocktails, cheap apps, and young ladies running around in short skirts with their boobs out. Good times. So I have myself an old fashioned, 2 Guinness' and a burger and fries. I'm there for a little over an hour and a half. Nothing crazy, just something right below $25 so my new employer will cover it without an itemized receipt.

So I'm on my way back, just about 2 miles to my hotel. Half way there and I encounter one of those either/or long yellow lights. I could stop, but I'm going 40, the roads are still slick, and I think the safest thing for me to do is just roll on through. Again, when I entered the intersection the light was yellow. Wrong. It just so happens that sitting right on the corner is a municipal headquarters...which also happens to host a police department. I get through the light and a cop immediately pulls out behind me. I pull onto some side street. The lights start flashing. Here we fucking go.
THE WORST
I got a DUI when I was in college. I was 22. I was driving back to Toledo from BG at 4am because I was making a bad decision, leaving REDACTED WEASEL apartment (ed.-you can figure it out from there) because I'm pretty sure they were about to smoke some weed and I just wanted to pass out. Compounding that bad decision was the fact that I was driving my friends shitbox Ford Taurus, which had this neat electrical malfunction where once you turned the wipers on you had to turn the car off in order to get them to stop. So driving up 75 on a completely dry night with the windshield wipers flapping like Hope Solo's beef curtains probably wasn't the best way to avoid police attention. Oops. But I learned something that night, or at least I think I learned something. During the field sobriety testing, after I embarrassed myself trying to walk a straight line, I blew a .18. Stone cold sober obvs. But when I actually got taken back to the station for the breathalyzer, I placed my tongue as close as I could to the end while still being able to blow into the machine(I don't know how to make that sound any less gay). I blew a .13. Did that technique make a difference? No idea, but it wasn't something I was going to forget.

So here I sit. Waiting for some cop from the burbs with nothing better to do to come grill me and tell me I smell like booze, because of course. Sure enough, the second question, "How much have you had to drink tonight, sir?" Now I took a calculated risk in saying that I had a Guinness with dinner. He already had probable cause with me running the light, and then saying he smelled alcohol, so whether or not I said I had a drink wasn't going to make him change his mind. If he had just pulled me over for no reason, then I wouldn't admit a thing. I told him I'm only up here for work and don't know the area, told him I was caught between on the light and felt it was safer to proceed through it, and told him exactly where my hotel was and how close I was to it. And I'm fucking white which means I get a free pass, right? Hopefully me just being honest and white will get me on my way.

Wrong. After he runs my license and insurance he comes back and asks me to run through some sobriety tests. Say the alphabet starting at C and stopping at N. Okay. Touch my thumb to each finger, in order of pointer, middle, ring, pinky, while counting 1-2-3-4 and then do it backwards. Okay. He goes back to his car for a bit. I'm freaking the fuck out. I'm pretty sure I know what's coming next. I'm looking up everything I can on my phone to figure out what I should do next. Do I take the breathalyzer? Do I flat out deny everything? Do I do everything but the breathalyzer? So the cop comes back and tells me another unit is coming with a portable breathalyzer. I can take it, or if I refuse then I will have to get out of the car and do a full field sobriety test. He also tells me if I pass the breathalyzer then I don't get any ticket for the red light. So now I wait again.

While waiting this time I call a DUI lawyer hotline hoping that I can get somebody, anybody on the line that can tell me what to do. I get nobody, not even able to leave a message, just get hung up on. Looks like I'm on my own. So I start to look around my car. Anything to drink? Anything to eat? Anything at all that could possibly push the odds in my favor. I have half a coffee from that morning, that's actually turned into half slush. Well there it is. My plan is to chug this coffee the moment that other cop starts to walk towards me. I'm going to take the breathalyzer, at least the portable one because I'm pretty sure it's not admissible in court, and then if I don't pass then I will refuse it at the station. I have zero confidence this plan will work out. But it's all I've got. I'm also banking the general internet knowledge that, in my mind, is something like each 12 oz beer or single mixed drink will bump up your BAC by approximately .03. And your body should be able to metabolize at least one of those over the course of an hour. So I know that I'm close...or at least I think I do. But this cop and my guilty conscience have totally mindfucked me into believing that I'm gonna blow a .15 and end up in the slammer with my mugshot on the news.

So cop rolls up. I chug the coffee and put it down right before he gets to my window. I blow into the breathalyzer, using my same patented tongue strategy from before, and he bitches at me for not blowing hard enough(GAY). So I blow harder(and GAYer) and it clicks. I'm done. I sit there for a solid 2 minutes waiting for the results. Finally. The cop leans in, "Alright buddy, I'm gonna let you get on your way. You blew a .03. Next time don't run a red light in front of a police station after having a beer."
The disappointment in his voice gave me an instant boner. Fuck yes, motherfucker. I beat that shit. No idea how. I wasn't drunk by any means, but really thought 2 pints and the drink would put me above the limit. I don't think I've ever felt relief like that, in one single moment, ever in my life. The amount of dread that was running through my head while waiting in my car was mortifying; Mrs. Ace is going to kill me, I might have my license back by the time the baby is born, I'm going to lose my fucking job after two days, I don't really have anybody to help me out in Cleveland, and this fucking DUI is about to run me 2k when it's all said and done. Fuck all that.

I get back to the hotel and I don't know whether to go get blacked the fuck out at the bar or go back to my room and swear off drinking because that fucking feeling just isn't worth it. I went back to the room. Had some coffee(THE BEST FUCKING DRINK IN THE WORLD NOW FOREVER AND EVER) and called Mrs. Ace. She confirmed that she absolutely would have killed me.

I still don't know how I feel about all this. Did I do something wrong? Because I still feel really guilty and I'm not sure I have any reason to be. Obvs I ran the light, but did I get away with drunk driving? Am I a giant fucking ass hole for potentially putting Mrs. Ace through the hell that would have came with that DUI, including more than likely losing my job? Or am I just a victim of the demonization of drunk driving and being warped by all the bullshit adds with invisible cops? Don't get me wrong, drunk driving is bad, but the amount of airtime it receives is mindblowing and the inflation of the numbers done by the National Highway Traffic Safety Admin is bogus. I still feel like I could drink a six pack and drive safer than most folks in Grump's age group.

So there it is. My extremely close call to Mrs. Ace removing my balls and me being incredibly fucked with my job, and potentially finding another job because DUI's get you an almost immediate boot in the mental health and education world. Oh, and do you have any tips for making sure you don't get a DUI if you happen to get pulled over? I know with this group we have obvs had some experience. I am totes going to buy a portable breathalyzer and test my theory.

Leave your close calls in the comments
          People, including expats, should know their heroes.        
Charles Rangel, D-NY, one of the two cosponsors of the FATCA bill.

That's the man most concerned about Americans living and/or banking abroad and not paying taxes. Well, I am glad that for once a politician is legislating on something he is an expert on.

A few years ago the man got caught renting 4 adjacent rent-stabilized apartments in Manhattan. Those are meant to be primary residences, preferably for people of limited means. I don't know how he ever explained his burning need for having 4 primary residences.

At the same time he filed a homestead tax break on his house in DC. AFAIK these are also meant for primary residences.

In 2008 Rangel totally forgot to mention his rental income from an overseas villa to IRS. Oops. Got caught.

Another thing he forgot was to disclose half of his assets and a bit of his income to Congress.

Property taxes on a couple of his New Jersey properties also got forgotten. Shit happens, you know.

A bit later he happened to violate the House gift rules by accepting trips to the Caribbean.

The ethics trial of the House ethics committee found him guilty in 11 out of the 13 original charges.

And yes, all of the above happened just after, just before, and right during the time when he was cosponsoring the bill that would interfere with the banking of several million Americans so severely that many of them would be abandoned by their banks, just to make sure that they are not hiding something.

A question to New Yorkers: why is this ape still in Congress? Seriously, even among the candidates there must be somebody with more sense and fewer ethics violation.




          Important information for Jews        
"The offering, sale and/or distribution of many of the products or services described on this website are not intended to any Jews. If you intend to obtain any product or service from OurBank that is described on this web site, you must first inform OurBank whether you are a Jew.

This website and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or a solicitation of any offer to sell any securities to Jews. Any brokerage and investment advisory services described herein are not intended for Jews. Furthermore, any solicitation on this web site of banking services (including accepting and/or soliciting deposits), insurance services, mortgage and/or consumer lending services or credit card services is not intended for Jews..."

That's what I just got from my bank. No, the word is not "Jews", but it describes a population group to which I belong. The only reason I withheld the name of the bank is that many banks are displaying the same text, and they have not written it themselves. The word is "US persons", and the guilty parties in this case are the Senate and the House, with the special honorary mentions for  Max Baucus (D–Montana) and Charles Rangel (D–NY), the authors of the Foreign Account Tax Compliance Act of 2009.

(US persons is defined as all US citizens and permanent residents resident in the US, some US citizens resident abroad - they are not saying who, and whether this actually applies to me, and any entity organized or incorporated under the laws of the United States).

This particular law has raised the US citizenship renunciations by a factor of six, which should say something to our Congress, or would have if it weren't, as an old joke says, the opposite of progress.

I am certainly not planning to renounce mine. Seriously, I'd rather vote for Mr. Rangel with a very big cactus, applied anally. But the first thing that comes to mind is banning the population register from identifying me as a US person to anyone, and lying to all the Finnish (and other non-American) financial institutions that I ever deal with that I am not in fact a US person. Funny thing - so far I have always been in compliance with all the US tax laws. Will there be a day when I choose not to report an account just because doing so would "out" me as an American to the bank that holds the account, and cause them to close that account? If that day comes, I will totally do that without feeling guilty in the least.


          DR Congo launches its National Investment Plan for Agriculture. Is anyone listening?         

At around 2.5 per cent of the national budget, DR Congo spends the least on agriculture of all its neighbors, a figure made more minuscule given the great untapped potential of its vast arable lands. For comparison, the Republic of Congo spends close to 14%, Zambia 10% and Ethiopia over 20%.

Following the 2009 Maputo Accords, NEPAD initiated the Comprehensive Africa Agriculture Development Program (or CAADP), a continent-wide compact to reduce poverty and hunger by increasing state investment in agriculture over a ten-year period, with two basic metrics: raise public ag spending to 10% of GDP and raise ag growth rates to 6% by 2020. Participating countries were encouraged to tailor their growth strategies and investment plans accordingly, and solicit the views of farmers' associations, civil society and the private sector for an inclusive national approach with popular support.

DR Congo announced its National Investment Plan for Agriculture (PNIA) last month in Kinshasa, with great fanfare and expense. A total of $5,730m is budgeted, but only $857m had been committed (93% from donors, 7% from GDRC) by the closing ceremony. So where were the investors? In interviews and public pronouncements, government officials are confident that their chosen path, the PNIA, will attract foreign investment and will modernize and monetize Congo’s vast agricultural potential, thus transforming the lives of the country's rural poor, nearly all of whom are isolated, subsistence farmers.

Outside of government, skepticism regarding the PNIA is high. The primary criticism from donors and the Congolese private sector accuses the GDRC of failing to commit to sweeping infrastructural renovation (communications, transport, electricity, etc) as the foundation of national economic growth, and instead shifting that burden onto the international firms it assumes are lining up to invest. Yet no foreign firm would consent to such a capital outlay given the country’s dismal business environment. Serious investors would expect to see government planning and budgets to this end, yet beyond the PNIA the GDRC has no comprehensive plan to address the country’s deeply eroded infrastructure (piecemeal donor projects are the norm), or resolve its regulatory morass and lack of legal protection for private enterprise.

An even greater deterrent, the current Code Agricole stipulates that any private enterprise would require a 51% ownership stake by the GDRC. These terms are currently being revisited, but the compromise under discussion is 20% national ownership -- still untenable for obvious reasons, particularly given the country's long history of nationalization (viz., Zairianisation), expropriating private businesses, stripping assets and triggering massive capital flight. This legacy is still felt today among potential investors who see Congo as too risky (unpredictable and unstable), and in the Kabila administration's patrimonial, anti-entrepreneurial policies. 

The other main deterrent for foreign investors is the cost of commerce itself which, after the endless hoops and ladders of business registration, is so high that local produce cannot compete with cheap imports. In the country’s urban centers, imported versions of Congo’s basic foodstuffs (palm oil, maize, beans, sugar, rice, and wheat flour) outnumber local varieties, except for cassava.  

This wave of imported commodities began with a policy enacted in Mobutu's final years (1992-96, known as ‘Plan Mobutu’) as colonial infrastructure finally and irretrievably collapsed, interrupting the regular flow of local produce into Kinshasa and causing food prices to soar. Allowing cheap foodstuffs from outside to saturate the market was initially intended as a stopgap measure, but the challenge of infrastructure rehabilitation proved overwhelming and was postponed indefinitely. Now as then, local produce is uncompetitive because high transport costs and extortion rackets deter trade, production and investment. Specific to local farming, the impact of systematic rent-seeking on agricultural production and trade is another crippling deterrent to rural agricultural production and commerce. Detailed studies of these organized rackets abound, but have had no policy impact.


Ambitious in vision and consistent with COMESA and AU policy frameworks, operationally the PNIA is unlikely to succeed. It is hostage to the government's general inability to address the country’s primary obstacles to economic growth—a chaotic business environment (legal protection, banking systems, transparent procedures/absence of corruption, and credit) and a very thin, highly unreliable infrastructure (power, transport, communications, etc). If in fact l'argent n'aime pas le bruit, then Congo's leaders need to concentrate on creating a law-abiding and responsive administration capable of reassuring investors that their entrepreneurism is welcome and respected.

          Comment on How To Hack WhatsApp And Telegram By Using SS7 Flaw: Ultimate Method by Ryan James        
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          Bank Downgrades Prove No Need for New Glass-Steagall, Right?        
Okay, that’s a sensible policy articulated by someone the banks pay to speak for them, it’s an association you know, who want us all to feel that the banking sector is, well, not-too-big-to-fail, and therefore safe enough to let one of them fail to prove it.
          Putting a New Twist on the ECB Extend and Pretend Game        
Once the ECB floods the banking system with a couple trillion euros of liquidity it should throw a twist into the game. It should start charging banks to keep money on deposit with them.
          Dear Jamie Dimon, What's Really Anti-American?        
It’s not anti-American to want rules and regulations that safeguard the banking systems around the world that are all interconnected. It is anti-American to put your bonus and the profitability of your bank above the greater good of the country’s people to whom you offer your services to.
          By: Jeff Nolan        
I have mixed feelings after reading the stuff on the site, the blog posts, and lastly, the comments. It's all well and good to talk about "conversations" (a word that, seriously, needs to fall on it's sword at this point), and grassroots, and the value of listening, and really, I drink that koolaid. But having said that, blogging has been mainstream for at least a couple or 3 years now and for the most part it really isn't dramatically changing these companies. They are adopting the technologies and the networked approach to messaging a group of constituents but it's not going to completely change the way they interact with their markets. Dave, with all due respect, these companies weren't at Blogworld Expo because the bloggers that are there, for the most part, don't give a shit about enterprise software, healthcare, or banking... and that's exactly what at least 3 of these companies do. The problem with the blogosphere is discovery and targeting, not engagement itself. Companies can identify the top 25 blogs they want to work with but beyond that they are clueless and the blogosphere itself does little to help them. Lastly, several people have commented that these companies just want to have customers but not have them talk, or that they don't have a clue about how to engage them. That's pure bullshit and reflects a shoot from the hip attitude than any real reflection on what these companies do. Does anyone really think Microsoft doesn't understand how to engage it's customers? I can speak for SAP given that I spent a lot of years there, they have an online community called SDN that generates around a million unique visitors a month to the blogs, wikis, forums, and a really innovative rating and ranking system. This is a company that understands better than most how to engage it's customer base. I looked at the site this morning and wasn't impressed, but I also understand that putting a pillow over it to smother it won't be productive either. Ultimate success or failure with be less about bold strokes and more about incremental moves. Lastly, yeah a press release... but that's how most of the world still works and if you want to get attention inside other large companies, which I would imagine these guys do, then a PR is the way to do it.
          Materi Sejarah sm.1 SMA XII IPS        

KEADAAN EKONOMI-KEUANGAN PADA AWAL KEMERDEKAAN


A.   FAKTOR-FAKTOR PENYEBAB MEMBURUKNYA KEADAAN EKONOMI DAN KEUANGAN DI INDONESIA PADA AWAL KEMERDEKAAN
Pada akhir pendudukan Jepang dan pada awal berdirinya Republik Indonesia keadaan ekonomi Indonesia sangat kacau. Hal ini disebabkan oleh hal-hal sebagai berikut :
1.    Inflasi yang sangat tinggi (Hiper-Inflasi).
Penyebab terjadinya inflasi ini adalah beredarnya mata uang pendudukan Jepang secara tak terkendali. Pada saat itu diperkirakan mata uang Jepang yang beredar di masyarakat sebesar 4 milyar. Dari jumlah tersebut, yang beredar di Jawa saja, diperkirakan sebesar 1,6 milyar. Jumlah itu kemudian bertambah ketika pasukan Sekutu berhasil menduduki beberapa kota besar di Indonesia dan meguasai bank-bank. Dari bank-bank itu Sekutu mengedarkan uang cadangan sebesar 2,3 milyar untuk keperluan operasi mereka. Kelompok masyarakat yang paling menderita akibat inflasi ini adalah petani. Hal itu disebabkan pada zaman pendudukan Jepang petani adalah produsen yang paling banyak menyimpan mata-uang Jepang.
Pemerintah Republik Indonesia yang baru berdiri, tidak dapat menghentikan peredaran mata uang Jepang tersebut, sebab negara RI belum memiliki mata-uang baru  sebagai penggantinya. Maka dari itu, untuk sementara waktu pemerintah RI menyatakan tiga mata uang yang berlaku di wilayah RI, yaitu :
a.    mata-uang De Javasche Bank;
b.    mata-uang pemerintah Hindia Belanda;
c.    mata-uang pendudukan Jepang.
Pada saat kesulitan ekonomi menghimpit bangsa Indonesia, tanggal 6 Maret 1946, Panglima AFNEI yang baru, Letnan Jenderal Sir Montagu Stopford mengumumkan berlakunya uang NICA di daerah-daerah yang diduduki Sekutu. Uang NICA ini dimaksudkan sebagai pengganti uang Jepang yang nilainya sudah sangat turun. Pemerintah melalui Perdana Menteri Syahrir memproses tindakan tersebut. Karena hal itu berarti pihak Sekutu telah melanggar persetujuan yang telah disepakati, yakni selama belum ada penyelesaian politik mengenai status Indonesia, tidak akan ada mata uang baru.
Oleh karena itulah pada bulan Oktober 1946 Pemerintah RI, juga melakukan hal yang sama yaitu mengeluarkan uang kertas baru yaitu Oeang Republik Indonesia (ORI) sebagai pengganti uang Jepang. Untuk melaksanakan koordinasi dalam pengurusan bidang ekonomi dan keuangan, pemerintah membentuk Bank Negara Indonesia pada tanggal 1 November 1946. Bank Negara ini semula adalah Yayasan Pusat Bank yang didirikan pada bulan Juli 1946 dan dipimpin oleh Margono Djojohadikusumo. Bank negara ini bertugas mengatur nilai tukar ORI dengan valuta asing.
2.    Adanya blokade ekonomi, oleh Belanda (NICA). Blokade laut ini dimulai pada bulan November 1945 ini, menutup pintu keluar-masuk perdagangan RI. Adapun alasan pemerintah Belanda melakukan blokade ini adalah :
a.    Untuk mencegah dimasukkannya senjata dan peralatan militer ke Indonesia;
b.    Mencegah dikeluarkannya hasil-hasil perkebunan milik Belanda dan milik asing lainnya;
c.    Melindungi bangsa Indonesia dari tindakan-tindakan yang dilakukan oleh orang bukan Indonesia.
Akibat dari blokade ini barang-barang dagangan milik pemerintah RI tidak dapat diekspor, sehingga banyak barang-barang ekspor yang dibumihanguskan. Selain itu Indonesia menjadi kekurangan barang-barang impor yang sangat dibutuhkan.
3. Kas negara kosong, pajak dan bea masuk sangat berkurang, sehingga pendapatan pemeritah semakin tidak sebanding dengan pengeluarannya. Penghasilan pemerintah hanya bergantung kepada produksi pertanian. Karena dukungan petani inilah pemerintah RI masih bertahan, sekali pun keadaan ekonomi sangat buruk.

B.   USAHA MENEMBUS BLOKADE EKONOMI
Usaha-usaha untuk menembus blokade ekonomi yang dilakukan oleh pihak Belanda dilaksanakan oleh pemerintah dengan berbagai cara, diantaranya sebagai berikut :
1.    Diplomasi Beras ke India
Usaha ini lebih bersifat politis daripada ekonomis. Ketika terdengar berita bahwa rakyat India sedang ditimpa bahaya kelaparan, pemerintah RI segera menyatakan kesediaannya untuk membantu pemerintah India dengan mengirimkan 500.000 ton beras, dengan harga sangat rendah. Pemerintah bersedia melakukan hal ini karena diperkirakan pada musim panen tahun 1946 akan diperoleh surplus sebesar 200.000 sampai 400.000 ton.
Sebagai imbalannya pemerintah India menjanjikan akan mengirimkan bahan pakaian yang sangat dibutuhkan oleh rakyat Indonesia. Keuntungan politik yang diperoleh oleh pemerintah RI adalah dalam forum internasional India adalah negara Asia yang paling aktif membantu perjuangan kemerdekaan RI.
2.    Mengadakan Hubungan Dagang Langsung ke Luar Negeri
Usaha untuk membuka hubungan langsung ke luar negeri, dilakukan oleh pihak pemerintah maupun pihak swasta. Diantara usaha-usaha tersebut adalah sebagai berikut :
a.    Mengadakan kontak hubungan dengan perusahaan swasta Amerika (Isbrantsen Inc.). Usaha ini dirintis oleh BTC (Banking and Trading Corporation), suatu badan perdagangan semi-pemerintah yang dipimpin oleh Dr. Sumitro Djojohadikusumo dan Dr. Ong Eng Die. Dalam transaksi pertama pihak Amerika Serikat bersedia membeli barang-barang ekspor dari Indonesia seperti gula, karet, teh, dan sebagainya. Kapal Isbrantsen Inc. yang masuk ke pelabuhan Cirebon adalah kapal Martin Behrmann yang mengangkut barang-barang pesanan RI dan akan memuat barang-barang ekspor dari RI. Akan tetapi kapal itu dicegat oleh kapal Angkatan Laut Belanda dan diseret ke pelabuhan Tanjung Priuk dan seluruh muatannya disita.
b.    Menembus blokade ekonomi Belanda di Sumatera dengan tujuan Singapura dan Malaysia. Oleh karena jarak perairan yang relatif dekat, maka usaha ini dilakukan dengan perahu layar dan kapal motor cepat. Usaha ini secara sistimatis dilakukan sejak tahun 1946 sampai dengan akhir masa Perang Kemerdekaan. Pelaksanaan penembusan blokade ini dilakukan oleh Angkatan Laut RI dengan dibantu oleh pemerintah daerah penghasil barang-barang ekspor.
Sejak awal tahun 1947 pemerintah RI membentuk perwakilan resmi di Singapura yang diberi nama Indonesia Office (Indoff). Secara resmi Indoff ini merupakan badan yang memperjuangkan kepentingan politik di luar negeri, namun secara rahasia juga berusaha menembus blokade dan usaha perdagangan barter.
Kementerian Pertahanan juga membentuk perwakilannya di luar negeri yang disebut Kementerian Pertahanan Usaha Luar Negeri (KPLULN) yang dipimpin oleh Ali Jayengprawiro. Tugas pokok badan ini adalah membeli senjata dan perlengkapan Angkatan Perang. Sebagai pelaksana upaya menembus blokade ini yang terkenal adalah John Lie, O.P. Koesno, Ibrahim Saleh dan Chris Tampenawas. Selama tahun 1946 pelabuhan di Sumatera hanya Belawan yang berhasil diduduki Belanda. Karena perairan di Sumatera sangatlah luas, maka pihak Belanda tidak mampu melakukan pengawasan secara ketat. Hasil-hasil dari Sumatera terutama karet yang berhasil diselundupkan ke luar negeri, utamanya ke Singapura, mencapai jumlah puluhan ribu ton. Selama tahun 1946 saja barang-barang yang diterima oleh Singapura dari Sumatera seharga Straits $ 20.000.000,-. Sedangkan yang berasal dari Jawa hanya Straits $ 1.000.000,-. Sebaliknya barang-barang yang dikirim ke Sumatera dari Singapura seharga Straits $ 3.000.000,- dan dari Singapura ke Jawa seharga Straits $ 2.000.000,-.
C.   USAHA-USAHA MENGATASI KESULITAN EKONOMI
Pada awal kemerdekaan masih belum sempat melakukan perbaikan ekonomi secara baik. Baru mulai Pebruari 1946, pemerintah mulai memprakarsai usaha untuk memecahkan masalah-masalah ekonomi yang mendesak. Upaya-upaya itu diantaranya sebagai berikut :
1. Pinjaman Nasional
Program Pinjaman Nasional ini dilaksanakan oleh Menteri Keuangan. lr. Surachman dengan persetujuan BP-KNIP. Pinjaman Nasional akan dibayar kembali selama jangka waktu 40 tahun. Besar pinjaman yang dilakukan pada bulan Juli 1946 sebesar Rp. 1.000.000.000,00. Pada tahun pertama berhasil dikumpulkan uang sejumlah Rp. 500.000.000,00. Sukses yang dicapai ini menunjukkan besarnya dukungan dan kepercayaan rakyat kepada Pemerintah RI.
2. Konferensi Ekonomi, Februari 1946
Konferensi ini dihadiri oleh para cendekiawan, para gubernur dan para pejabat lainnya yang bertanggungjawab langsung mengenai masalah ekonomi di Jawa. Konferensi ini dipimpin oleh Menteri Kemakmuran, Ir. Darmawan Mangunkusumo. Tujuan konferensi ini adalah untuk memperoleh kesepakatan yang bulat dalam menanggulangi masalah-masalah ekonomi yang mendesak, seperti :
a.    masalah produksi dan distribusi makanan
Dalam masalah produksi dan distribusi bahan makanan disepakati bahwa sistem autarki lokal sebagai kelanjutan dari sistem ekonomi perang Jepang, secara berangsur-angsur akan dihapuskan dan diganti dengan sistem desentralisasi.
b.    masalah sandang
Mengenai masalah sandang disepakati bahwa Badan Pengawasan Makanan Rakyat diganti dengan Badan Persediaan dan Pembagian Makanan (PPBM) yang dipimpin oleh dr. Sudarsono dan dibawah pengawasan Kementerian Kemakmuran. PPBM dapat dianggap sebagai awal dari terbentuknya Badan Urusan Logistik (Bulog).
c.    status dan administrasi perkebunan-perkebunan
Mengenai masalah penilaian kembali status dan administrasi perkebunan yang merupakan perusahaan vital bagi RI, konferensi ini menyumbangkan beberapa pokok pikiran. Pada masa Kabinet Sjahrir, persoalan status dan administrasi perkebunan ini dapat diselesaikan. Semua perkebunan dikuasai oleh negara dengan sistem sentralisasi di bawah pengawasan Kementerian Kemakmuran.
Konferensi Ekonomi kedua diadakan di Solo pada tanggal 6 Mei 1946. Konferensi kedua ini membahas masalah perekonomian yang lebih luas, seperti program ekonomi pemerintah, masalah keuangan negara, pengendalian harga, distribusi dan alokasi tenaga manusia. Dalam konferensi ini Wakil Presiden Drs. Moh. Hatta memberikan saran-saran yang berkaitan dengan masalah rehabilitasi pabrik gula. Hal ini disebabkan gula merupakan bahan ekspor yang penting, oleh karena itu pengusahaannya harus dikuasai oleh negara. Hasil ekspor ini diharapkan dapat dibelikan atau ditukar dengan barang-barang lainnya yang dibutuhkan RI.
Saran yang disampaikan oleh Wakil Presiden ini dapat direalisasikan pada tanggal 21 Mei 1946 dengan dibentuknya Badan Penyelenggara Perusahaan Gula Negara (BPPGN) berdasarkan Peraturan Pemerintah No. 3/1946. Peraturan tersebut disempurnakan melalui Peraturan Pemerintah No. 4 tahun 1946, tanggal 6 Juni 1946 mengenai pembentukan Perusahaan Perkebunan Negara (PPN).
3.    Pembentukan Planning Board (Badan Perancang Ekonomi) pada tanggal 19 Januari 1947
Pembentukan Badan ini atas inisiatif Menteri Kemakmuran, dr. A.K. Gani. Badan ini merupakan badan tetap yang bertugas membuat rencana pembangunan ekonomi untuk jangka waktu 2 sampai 3 tahun. Sesudah Badan Perancang ini bersidang, A.K. Gani mengumumkan Rencana Pembangunan Sepuluh Tahun. Untuk mendanai Rencana Pembangunan ini terbuka baik bagi pemodal dalam negeri maupun bagi pemodal asing. Untuk menampung dana pembangunan tersebut pemerintah akan membentuk Bank Pembangunan.
Pada bulan April 1947, Badan Perancang ini diperluas menjadi Panitia Pemikir Siasat Ekonomi yang dipimpin langsung oleh Wakil Presiden Moh. Hatta, sedangkan A.K. Gani sebagai wakilnya. Panitia ini bertugas mempelajari, mengumpulkan data dan memberikan saran kepada pemerintah dalam merencanakan pembangunan ekonomi dan dalam rangka melakukan perundingan dengan pihak Belanda.
Semua hasil pemikiran ini belum berhasil dilaksanakan dengan baik, karena situasi politik dan militer yang tidak memungkinkan. Agresi Militer Belanda mengakibatkan sebagian besar daerah RI yang memiliki potensi ekonomi baik, jatuh ke tangan Belanda. Wilayah RI tinggal beberapa keresidenan di Jawa dan Sumatera yang sebagian besar tergolong sebagai daerah minus dan berpenduduk padat. Pecahnya Pemberontakan PKI Madiun dan Agresi Militer Belanda II mengakibatkan kesulitan ekonomi semakin memuncak.

4.    Rekonstruksi dan Rasionalisasi Angkatan Perang (RERA) pada tahun 1948.
Program yang diprakarsai oleh Wakil Presiden Drs. Moh. Hatta ini, dimaksudkan untuk mengurangi beban negara dalam bidang ekonomi, disamping meningkatkan efesiensi. Rasionalisasi ini meliputi penyempurnaan administrasi negara, Angkatan Perang dan aparat ekonomi.  Sejumlah satuan Angkatan Perang dikurangi secara dratis. Selanjutnya tenaga-tenaga bekas Angkatan Perang ini disalurkan ke bidang-bidang produktif dan diurus oleh Kementerian Pembangunan dan Pemuda.
5.    Rencana Kasimo (Kasimo Plan)
Program ini disusun oleh Menteri Urusan Bahan Makanan I.J. Kasimo. Pada dasarnya program ini berupa Rencana Produksi Tiga Tahun, 1948-1950 mengenai usaha swasembada pangan dengan beberapa petunjuk pelaksanaan yang praktis. Untuk mningkatkan produksi bahan pangan dalam program ini, Kasimo menyarankan agar :
a.    menanami tanah-tanah kosong di Sumatera timur seluas 281.277 ha.;
b.    di Jawa dilakkan intensifikasi dengan menanam bibit unggul;
c.    pencegahan penyembelihan hewan-hewan yang berperan penting bagi produksi pangan;
d.    disetiap desa dibentuk kebun-kebun bibit;
e.    tranmigrasi.
6.    Persatuan Tenaga Ekonomi (PTE)
Organisasi yang  dipimpin B.R. Motik ini, bertujuan untuk menggiatkan kembali partisipasi pengusaha swasta. Dengan dibentuknya PTE juga diharapkan dapat dan melenyapkan individualisasi di kalangan organisasi pedagang sehingga dapat memperkokoh ketahanan ekonomi bangsa Indonesia. Pemerintah menganjurkan agar pemerintah daerah usaha-usaha yang dilakukan oleh PTE. Akan tetapi nampaknya PTE tidak dapat berjalan dengan baik. PTE hanya mampu mendirikan Bank PTE di Yogyakarta dengan modal awal Rp. 5.000.000. Kegiatan PTE semakin mundur akibat dari Agresi Militer Belanda.
Selain PTE perdagangan swasta lainnya yang juga membantu usaha ekonomi pemerintah adalah Banking and Trading Corporation (Perseroan Bank dan Perdagangan).
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          Comment on Federal bailout by John        
They are already going to pay themselves $70 Billion for their 2008 performance. <a href="http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking" rel="nofollow">http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking</a>
          [urls/news] The Global Grid: China's HPC Opportunity        
Thursday, November 11, 2004
Dateline: China
 
For this posting, I'm using an annotated urls format.  Let's begin.
 
The Global Grid
 
Grid computing.  HPC (high-performance computing).  Lots of trade press coverage.  Lots of academic papers.  Generally, this is a GREAT convergence.  Didn't hold with AI (artificial intelligence), but the coverage of grid computing is much more pervasive.  Also, it's an area where I believe that systems integrators (SIs) in China can play with the globals.  It's new enough that there are no clear leaders.  Okay, maybe IBM is a clear leader, but it's certainly not an established market.
 
It's also a market where Chinese SIs can leverage work done for domestic applications for Western clients.  This is NOT true in areas such as banking applications; the apps used in China are very different from the apps used in the States.  Fundamentally different systems.  But a lot of grid work is more about infrastructure and custom development.  There's also a lot of open source in the grid sphere.
 
I've selected some of the best papers and sites for review.  This is certainly not meant to be comprehensive, but simply follow the links for more info.
 
One last note:  Clicking on any of the following links will likely lead you to an abstract and possibly to some personal commentary not included in this posting.  You may also find related links found by other Furl users.
 
The "Bible" of the grid world.  The home page will lead to many other relevant papers and reports.  See also The Anatomy of the Grid (PDF).
 
Hottest journal issue in town!!  Papers may be downloaded for free.  See also Grid computing: Conceptual flyover for developers.
 
One of the better conferences; covers applications and provides links to several excellent papers and presentations.
 
Well, the link has been replaced.  Try to get a hold of this paper.  It WAS available for free.  SOA meets the grid.  The lead author, Liang-Jie Zhang, is a researcher at IBM T.J.Watson Research Center and chair of the IEEE Computer Society Technical Steering Committee (technical community) for Services Computing. Contact him at zhanglj@us.ibm.com .  Ask for his related papers, too.
 
Several excellent papers; recent conference.  Middleware:  Yes, middleware is the key to SI opportunities.
 
Conference held earlier this month!!  See who is doing what in China.
 
Want a competitive edge in the grid space?  This is it!!
 
NOTE:  A search for "grid computing" in my Furl archive yields 164 hits (and most are publicly searchable).  See http://www.furl.net/members/goldentriangle .
 
Other News
 
Outsourcing & Offshoring:
 
I don't agree with this, but it's worth reading, especially considering the source.  I agree that China shouldn't try to be a clone of India, but the arguments in support of the domestic market don't consider margins.
 
I'll be writing a column for the AlwaysOn Network about the disconnect between China's foreign policy initiatives and the realities of the IT sector.  Suffice it to say that SIs in China should NOT chase after the EU.  Again, do NOT confuse foreign policy with corporate policy!!
 
More of the same.  Read my comments about Romania by clicking the link ...
 
Google is coming to China, too.  Think MS Research in Beijing.
 
Another great move by IBM; they're clearly leading the pack.
 
This article is a bit confusing.  I suspect that TCS is simply copying the IGS China strategy.  But it's worth noting that they're moving beyond servicing their American clients with a presence in China.
 
Yes, yes and yes.  Expect a lot more of this.  I wouldn't be surprised to see China's SIs forced to move a bit lower on the U.S. SI food chain for partnerships.  Move up the chain by thinking verticals!!
 
BPO:
 
No need to click; it's all about security.
 
No, not really a new model; more about a new certification!!  Just what the world needs ...
 
Enterprise Software:
 
The title says it all.
 
Maybe the "P" in "LAMP" should stand for "Plone"?
 
A strategy for USERS, i.e., SIs in China.
 
Marketing & Management:
 
Product Management 101, courtesy of the Harvard Business School.
 
Spread this throughout your organization ... and then ramp up with some paid tools.
 
SCM (supply chain management) meets marketing, but with a general management and strategy slant.
 
G2 planning strategies.  A wee bit mathematical, but still fairly easy to follow.
 
Expect the next original posting in two or three weeks; my next column for the AlwaysOn Network will be sent to this list.  Off to HK/SZ/ZH/GZ next week.
 
Cheers,
 
David Scott Lewis
President & Principal Analyst
IT E-Strategies, Inc.
Menlo Park, CA & Qingdao, China
 
http://www.itestrategies.com (current blog postings optimized for MSIE6.x)
http://tinyurl.com/2r3pa (access to blog content archives in China)
http://tinyurl.com/2azkh (current blog postings for viewing in other browsers and for access to blog content archives in the US & ROW)
http://tinyurl.com/2hg2e (AvantGo channel)
 
 
To automatically subscribe click on http://tinyurl.com/388yf .
 

          [news] A Special Report on Business Intelligence        
Thursday, July 8, 2004
Dateline: China
 
One of my favorite industry trades, Computerworld, recently published a special report on business intelligence (BI).  (See http://tinyurl.com/2w8j2 .)  As regular readers of this blog know, I'm hot, hot and hotter on BI.  Not only are BI apps booming in their own right, but BI also provides an open door into other structured data apps (e.g., ERP and SCM).  Also, there is a burgeoning number of apps requiring both BI and knowledge management (KM) solutions, providing a host of new opportunities.  (For now, think of BI for structured data and KM for unstructured data.  But the lines between KM and BI are blurring.)
 
The Computerworld report includes an introduction to BI titled, "BI for the Masses," an introduction to Web harvesting, and a superb article on text mining; there are several online exclusives as well.  In this post, I'm going to focus on an article titled, "Predictions for BI's Future," by providing excerpts with commentary.  As usual, items in bold are MY emphasis; items in red are MY commentary.
 
Embedded BI.  "Over the next four to six years, BI systems will become embedded in small, mobile devices, such as manufacturing sensors and PDAs in the field, which in turn will be linked to more centralized systems." -- Erik Thomsen, distinguished scientist, Hyperion Solutions Corp., Sunnyvale, Calif.
 
PB DM (petabyte data mining).  "Within three years, companies and governmental agencies will be able to successfully run analytics within a centralized data warehouse containing 1 petabyte or more of data -- without performance limitations." -- Dave Schrader, technology futurist, Teradata, a division of NCR Corp., El Segundo, Calif.
 
HPC to the rescue!  "Within the next two to three years, high-performance computing technology used by scientific and engineering communities and national R&D labs will make its way into mainstream business for high-performance business analytics. This transition will be driven by the growing volume of complex data and the pressing need for companies to use forecasting and predictive analytics to minimize risk and maximize profit-generating opportunities." -- Phil Fraher, chief operating officer, Visual Numerics Inc., San Ramon, Calif.
 
BI meets AI.  "In the near future, business leaders will manage by exception, and automated systems will handle significant loads of routine tasks." -- Mike Covert, chief operating officer, Infinis Inc., Columbus, Ohio
 
Visualization.  "Over the next two to three years, BI systems will automatically suggest appropriate visualizations, which in turn will dramatically increase the use of visualization and our understanding of complex relationships." -- Erik Thomsen, distinguished scientist, Hyperion Solutions
 
BI + BPM + BAM.  "Businesses need more than a rearview mirror to drive their business forward into the next era. A new category of intelligence tools will emerge over the next two to three years that combines business process management, business activity monitoring (BAM) and business intelligence to enable the "actively managed enterprise." This will combine the scorecards and rearview-analysis capabilities of BI with the real-time, event-driven analysis of BAM and feed that information into automated business processes for on-the-fly steering of the business towards scorecard goals. This will exponentially elevate the speed at which businesses are able to operate, adapt and make critical decisions." -- Tim Wolters, chief architect of business activity monitoring solutions, webMethods Inc., Fairfax, Va.
 
Bottom line:  Go to a BI-related ACM or IEEE CS conference and you'll hear a lot of presentations on all of the apps described above.  It's where the rubber meets the road:  This stuff is real!!  However, it's important to differentiate "real" BI with much more simplistic reporting software (like a good "chunk" of the so-called BI solutions provided by Business Objects, Cognos and even Microsoft -- via their recent acquisition of ActiveViews).
 
A BI Site to Review
 
Last week I came across a paper published in the current issue of the Journal of Intelligent and Fuzzy Systems.  In this paper the project called "Data Mining and Decision Support for Business Competitiveness: A European Virtual Enterprise" (SolEuNet) is used as a case study and "the source of lessons learned."  The paper provides a link to the SolEuNet Web site (see http://tinyurl.com/3x5vo ); at the SolEuNet site I found a wealth of case studies with supporting technical documents on leading-edge BI apps (see, for example, Workpackage 7 on "Combining Data Mining and Decision Support with Information Systems" at http://tinyurl.com/yqkqm ).  Remember, strategy consulting isn't merely about comparing product specs (regardless what the IT advisory services may say).
 
The Gartner Conference on BI
 
I got my hands on three i-banking analyst reviews of the Gartner BI conference.  The Morgan Stanley report (dated 27 April) noted that customer activity levels appeared to be strong and "many seem to be taking a more strategic approach to BI, resulting in the emergence of larger transactions."  (My emphasis.)  Corporate performance management (CPM) is driving some of the larger deals, with Cognos and Hyperion taking the lead.  Evidently, systems integrators (SIs) are getting religion and developing collaterals around CPM messaging.  RBC Dominion Securities produced a more in-depth report (dated 29 April) and noted the following:
  • Gartner expects the market to accelerate in 2004.
  • The ETL (extraction, transformation, and load) market will flatten (finally).
  • CPM is hot.  "Hyperion, Cognos, and SAS appeared to be the best positioned non-ERP vendors to capitalize on the CPM market opportunity."  However, "(they) believe that SAP is the best-positioned large enterprise software vendor to execute in both the BI and CPM market ..."
  • Finally, the Gartner BI conference itself was hot, with 973 attendees, an increase in attendance of 70% over last year.
UBS chimed in with their own report (dated 30 April), which in some ways was a bit more technical than the other two reports cited above.  UBS noted that heterogeneous environments require independent tools (e.g., it is very difficult to get heterogeneous data into an ERP data warehouse <DW>).  Gartner's rule of thumb is that an ERP-derived BI/DW solution should be on the short-list only if more than 60% of an organization's BI data resides within that single app vendorUBS also noted that the importance of BI is leading to the formation of BI competency centers.  They also believe that SAP and Microsoft remain significant long-term threats to the independent software vendors such as Cognos and Business Objects.  BTW, all three reports seemed a bit down on Business Objects.
 
Another Computerworld feature on BI
 
Sometimes advertorials can be a good thing.  A case in point is the 26 April issue of Computerworld which provides a link to a new, six page Computerworld White Paper on BI.  The paper is titled, "Charting the Course: A Guide to Evaluating Business Intelligence Products"; it's a good, practical read.  Tactical, product spec advice and guidelines, but still a good read.  The PDF can be found at http://tinyurl.com/2gt3d .
 
Recent Tidbits on BI
 
The New Straits Times (Malaysia) via Asia Africa Intelligence Wire reported on 24 June that SAS "expects the BI market in Asia to register double-digit growth for the next five years.  (Don Cooper Williams, director of marketing and alliances for SAS Asia-Pacific) cites a recent report from research house International Data Corp, which predicts that BI software market in the region (excluding Japan) to grow by 12 per cent this year, up from 7.5 per cent in 2003."  Note to SIs in China:  BI isn't just hot in the States; leverage your skills for serving the U.S. market and the domestic market.
 
From the channel, India Business Insight (also via Asia Africa Intelligence Wire) on 31 May announced that "Business Objects has entered into a long-standing systems integrator agreement with Wipro Infotech (WI) to provide business intelligence (BI) solutions to customers."  Note to SIs in China:  Don't be left without a dance partner.
 
Additional Articles for Review
 
I did a quick scan of trade lit and found a few articles worth reading.  First, the March-April issue of Financial Executive talks about CPM -- Corporate Performance Management -- as it relates to BI.  The May issue of Insurance & Technology takes a vertical look at BI (rather basic apps), as does the April issue of Business Credit.  Always think verticals.
 
A Final Wrap (or Should I Say, "Rap"?)
 
Back to Computerworld.  More specifically, see the 29 March issue of Computerworld.  According to a survey conducted by IBM Business Consulting Services, BI is a high priority on the plate of C-level execs.  In a Computerworld poll, 39% of IT executives listed business intelligence projects as their most critical IT projects.  By 2005, market research firm IDC projects that the worldwide market for business intelligence software will total about $6 billion -- up from $2.5 billion in 2003 -- signaling a major increase in business intelligence projects.  IT executives say the skills they need on business intelligence projects include systems integration, data modeling, database administration, data standardization and project management.
 
Cheers,
 
David Scott Lewis
President & Principal Analyst
IT E-Strategies, Inc.
Menlo Park, CA & Qingdao, China
http://www.itestrategies.com (current blog postings optimized for MSIE6.x)
http://tinyurl.com/2r3pa (access to blog content archives in China)
http://tinyurl.com/2azkh (current blog postings for viewing in other browsers and for access to blog content archives in the US & ROW)
http://tinyurl.com/2hg2e (AvantGo channel)
 
To automatically subscribe click on http://tinyurl.com/388yf .
 

          [news] IT Spending Trends        
Tuesday, July 6, 2004
Dateline: China
 
A quick recap on IT spending trends from three recently published Smith Barney surveys.  The three reports are the May and June editions of their CIO Vendor Preference Survey and the 6 June issue of softwareWEEK.  Tom Berquist, my favorite i-banking analyst, was the lead for all three reports.  I have a backlog of blogs to write, so I'll use as many quotes as possible and add context where necessary.  (I'm mostly extracting from my smartphone bookmarks for these reports.  Warning:  I may have coded the May and June issues incorrectly, but the quotes are correct.)  NOTE:  Highlighted items (e.g., items in bold, like this sentence) are MY emphasis.  Items in red are my commentary.
 
Starting with the Survey editions, "(t)he strongest areas of spending appear to be software (apps, security, storage, and database) and network equipment/apps (Gigabit Ethernet, WLAN, VPNs)" and regarding software, "larger and more well known vendors continue to dominate the list in each category with vendors such as Microsoft, SAP, IBM, Veritas, Symantec and Computer Associates getting significantly more mentions in each of their groups than the remaining vendors did."  However, the report admits that their sample group might be biased.  Yes, vendors matter -- and so do vendor partnering strategies.  However, I'm a bit skeptical about CA and I don't particular care very much for Veritas or Symantec.  Not my part of the universe.
 
"Applications again stand out as a clear area of strength."  "Within applications, Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Customer Relationship Management (CRM) and Business Intelligence (BI) all showed extremely well ..."  Well, this is the first sign that a recovery may be in the making for SCM.  However, I'd emphasize BI and ERP, followed by CRM; don't count on a lot happening in the SCM space just yet.  Some other key surveys do NOT validate that SCM is in recovery.  "In terms of specific vendors, Microsoft, Symantec, Veritas, SAP, and Adobe were the top beneficiaries of CIOs intentions to increase spending."  The report continues that only SAP showed statistically significant results, both in ERP and SCM.  "Results were more mixed for best-of-breed vendors in this area, suggesting that horizontal applications vendors are having a tough time competing with the large ERP vendors even as vertically-focused vendors continue to have some measure of success on this front."  For the more adventurous SIs in China, SAP presents a lot of opportunities.  Tread carefully, though.  And "Adobe's enterprise strategy appears to be gaining momentum.  Adobe was a clear standout in content management ..."  "Survey results were also positive (though somewhat less so) for other leading content management players, notably Microsoft and IBM."  Another "win" for Microsoft.  Funny that none of the traditionally leading content management players were mentioned.  A take on Linux:  "Linux continues to garner mind share, but large enterprises remain the main adopter.  Interestingly, nearly 83% of our respondents stated that they were not currently moving any applications to Linux.  Of the 17% that said they were moving applications to Linux, only one company under $1.0 billion in revenue was making the transition to Linux confirming our views that Linux is primarily being used by large companies to shift Unix applications to Linux on Intel."
 
"Among CIOs who indicated a higher level of consulting spend, IBM was the clear winner, followed by Accenture as a distant second.  Unisys was also mentioned as a vendor being considered, but it was a distant third.  However, we note that Unisys being mentioned ahead of a pure-play consultant like BearingPoint (a low number of mentions, which included mentions of decreased spending) or EDS is positive, given that Unisys chooses to focus in 2 specific verticals, including one-public sector-that was not in the survey."  "Over two-thirds of CIOs indicated that they do not use IT outsourcers.  Most of the rest said they were unlikely to change the level of outsourcing spend.  IBM, ACS and CSC were the only vendors explicitly mentioned as likely to get more outsourcing business."  The "two-thirds" figure will likely change in favor of outsourcing.  This trend is fairly clear.  See a BCG report at http://tinyurl.com/2muy8 , although the report takes a relatively broad perspective.
 
From softwareWEEK, "(t)he CIOs were also very focused on rapid 'time to market' with purchases.  None were interested in starting projects that would take greater than 2 quarters to complete."  "This requirement was not a 'payback' requirement, but rather an implementation time frame requirement.  The CIOs did recognize that payback times could be longer, though the payback times on IT utility spending were much shorter than on applications or emerging area spending."
 
"In terms of spending, the CIOs all used a similar methodology for making decisions that essentially divides their IT spending into one of three categories: 1) sustained spending on their 'IT utility' (i.e., infrastructure such as network equipment, servers, storage, databases, etc.); 2) new project spending on applications (business intelligence, portals, CRM, etc.); and 3) investment spending on select emerging areas (grid/utility computing, identity management, collaboration, etc.)  It was pretty obvious that the CIOs recognized that business unit managers were more interested in spending on new applications/emerging areas than on the IT utility ..."  "(S)ome of the CIOs were experimenting with grid/utility computing initiatives to try to increase their utilization of storage/servers and reduce the amount of new equipment to be purchased.  In one example, a CIO showed their storage/server utilization around the world and many regions were in the 50% or worse bucket for average utilization.  Their goal was to use grid computing architectures and storage area networks (along with faster communication links) to better share the pool of resources."  Yes, this is it!!  Take this to heart!!  If you think grid and utility computing are Star Trek stuff, think again.
 
"In terms of new projects, the CIOs mentioned they were spending on business intelligence, portal/self-service applications, CRM, and collaboration.  Collaboration was a heated discussion, with all CIOs commenting that this was a big problem for them and there was no clear solution on the market.  While it wasn't completely clear to the audience what the CIOs were looking for in a collaboration solution, the elements that were described included: more intelligent email, corporate instant messaging, web conferencing, integrated voice over IP with instant messaging (so that a conversation could quickly shift from typing to talking), and collaborative document editing (spreadsheets, presentations, publications, etc.).  Within the business intelligence arena, business activity monitoring was discussed as was building of enterprise data warehouses/data marts.  The portal/self-service applications being built or deployed were primarily for customer and employee self-service (remote access to email, applications, and files was a big deal for all of the companies).  On the CRM front, the discussion from one CIO was around their need to increase revenues and manage channel conflict better."  [I'll be posting to this blog a bit more about collaboration opportunities over the next week.]
 
"While vendors were not discussed in any detail during the panel, the CIOs did say that they remain open to working with smaller vendors (public and private) as long as they have plenty of relevant references (in their industry, particularly with close competitors) and they offer a compelling value proposition versus larger vendors.  One CIO stated that they get called by 20 startups a week to sell products to them, but most of them cannot articulate the value proposition of their product.  Nonetheless, the CIO does take 5 meetings a month from startups because some of them are working on things that are interesting to the business."
 
Whew ...  Lots of good materials.  To reiterate, all highlighted items are my emphasis.  Bottom line:  The market is heating up.  Get your ISV relationships in place.  Pick your verticals (see the "Tidbit on Microsoft" which follows).  Pick your apps -- and the apps I like the best are content management and BI, although ERP is looking good, too.  Collaboration can be a major source of revenue if the SI can provide a truly effective solution.
 
Tidbits on Microsoft
 
A quick update on some happenings in the Redmond universe.  (See http://tinyurl.com/36xgu ; the article is titled, "Microsoft focuses on its enterprise-applications business".)  First, app areas that are of particular interest to MS include those for manufacturing and life sciences.  So, how about a MS build-to-their-stack strategy focused on either of these two verticals?  Second, MS is moving beyond purely horizontal offerings to very specific functionality.  Their Encore acquisition is an example of MS moving in this direction.  Finally, new releases of all four of Microsoft's ERP product lines are due for this year.  Not surprisingly, MBS marketing is up 20% from FY04.  Hmmm ... ERP spending intentions are strong and MS is a key player in this space -- with several updated offerings scheduled for release this year.  Another opportunity?
 
Tidbits on Infosys
 
Infosys formally enters the IT strategy consulting biz.  (See http://tinyurl.com/2xxlo .)  Yes, it was inevitable.  In April Infosys Consulting, Inc. was formed and, "(i)t's no secret that the winning model will be high-end business consulting combined with high-quality, low-cost technology delivery done offshore," according to Stephen Pratt, the head of Infosys' consulting unit.  The Infosys Consulting unit now has 150 employees in the States and plans to expand to 500 within three years.  Note to SIs in China:  You need more -- a lot more -- IT strategy types  And you need people in the States (at least on an "as needed" basis) in order to capture -- and serve -- new accounts.
 
Cheers,
 
David Scott Lewis
President & Principal Analyst
IT E-Strategies, Inc.
Menlo Park, CA & Qingdao, China
http://www.itestrategies.com (current blog postings optimized for MSIE6.x)
http://tinyurl.com/2r3pa (access to blog content archives in China)
http://tinyurl.com/2azkh (current blog postings for viewing in other browsers and for access to blog content archives in the US & ROW)
http://tinyurl.com/2hg2e (AvantGo channel)
 
To automatically subscribe click on http://tinyurl.com/388yf .
 

          What’s the Role for Banking and Payments at This Week’s CES?        
The Consumer Electronics Show (CES) 2015, which officially begins tomorrow in Las Vegas, is the country’s premier event for introducing high-tech gadgets. This year will see a plethora of wearable technology, supposedly capable of measuring everything from the wearer’s mood to turning his thoughts into speech. The buzzy-est item so far appears to be battery-powered rollerskates — but […]
          Indians lead the way in mobile banking: Avaya Survey        
Customers in India more likely to use mobile banking apps than counterparts in UK, UAE and Australia, according to a survey from Avaya
          How I Feel About The Brickyard 400        

Being a native of Indiana and one of the few NASCAR fans who can form an articulate sentence and can say with absolute certainty that I have never kissed my cousin, the last week of July is typically a week that I spend doing a lot of explaining to people.  That’s because the last week of July is when the Brickyard 400 is held at the Indianapolis Motor Speedway, and is therefore the time of year that all sorts of people over here in Ohio ask me if I’m going back home for the race and then look at me like I just pulled my testicles out of my pants and rested them on their forehead when I tell them “absolutely not.” 

Part of their disbelief comes from the fact that it’s no secret that I think the Indy 500 is the single most sacred event (sporting event or otherwise) in the world and that I’ve actually ended relationships with my friends and girlfriends when they didn’t want to accompany me to the race because they claimed that it didn’t appeal to them.  I’ve made it well-known that the Indy 500 is a really big f’ing deal to me, so people assume that because I actually prefer NASCAR to the IndyCar series, I must really be pitching a tent towards the end of July because I get to watch my favorite drivers race on my favorite track just a few miles from my hometown.  After all, the Brickyard 400 is essentially just the Indy 500 for NASCAR, right? 

The answer is of course not, stupid.  Much like Disney’s Doug and a deep fried hand job, the Brickyard 400 is a perfect example of how it’s entirely possible to put two otherwise great things together and create something far worse than the individual parts.

Let me first say that my disdain for the Brickyard 400 doesn’t come from me being some sort of traditionalist who hates the fact that the 500 isn’t the only race run on the sacred IMS track anymore, which is how some people in Indy felt when the Brickyard first started in 1994.  I’m perfectly fine with the idea of there being another race at IMS.  Hell, I’d be fine with there being a race every weekend at IMS so long as they all featured quality racing and a crazy party.  But that’s where the Brickyard 400 falls short and is really why I have such an issue with it – the racing sucks and the party is even worse.  On the surface, it seems like the Brickyard 400 has all the necessary elements to make for an awesome experience, but it only takes one trip to the Indy 500 and one trip to the Brickyard 400 to notice the vast difference and get the overwhelming feeling that, like a dry college campus or a prude supermodel, there are serious problems that completely outweigh any and all positives.

First let’s tackle the racing.  Now, I don’t pretend to be a racing expert and even though I’ve been watching NASCAR for as long as I can remember, I admittedly have no idea what the hell the commentators are talking about most of the time because my knowledge of the terminology is pretty limited.  Truth be told, I probably know more about elephants than I do racing strategy or the anatomy of cars in general (here’s proof: elephants have up to six sets of teeth in their lifetime and once their sixth set falls out, they die from starvation because they can no longer eat.  Also, did you know that if you just went to your local zoo and picked out any elephant at random, removed all of its organs including its trunk, and laid them all end-to-end on the ground, you would certainly get arrested and would probably spend a significant amount of time in prison?).

But despite my shortcomings in car knowledge, I am able to tell if what I am watching is boring or not.  Of course, some would argue that all racing is boring because it’s nothing more than a bunch of left turns.  And yet others would argue that this is all a moot point anyway because when I go to the IMS, I typically sit in the infield and don’t watch any of the race at all because I’m too busy slamming back a case of Bud heavies while trying to get trashy chicks to show me their goods.  But I’ve been to enough of these races to know how to pay attention to both the race and the Tweety Bird tattoo on the breast of some chain smoking lady in a tube top, so really that’s an invalid argument.  Besides, I went to a bunch of races before I turned 10 and started drinking and trying to get girls to flash me, and even back then I could tell that the Brickyard 400 just wasn’t getting the job done.

The fatal flaw with the Brickyard 400 is that the track simply wasn’t built for NASCAR cars.  Again, I don’t know much about car engineering or the science behind racetracks and whatnot, but even a Michigan fan could figure out pretty quickly that IMS has relatively no banking.  This lack of banking means that most of the entertainment at IMS comes from watching cars fight physics and try to make a turn going 200+ mph without much help from the track itself, which might be boring to watch on TV but I assure you is pretty nuts to see in person for the first time (and really every time).  This fighting of physics is exactly what the founders of the IMS wanted, seeing as how they built the track in 1909 primarily as a way to test the limits of high performance cars (fun fact: the guy who was in charge of building the track thought that cars wouldn’t be able to go any faster than 120 mph around IMS, so the fact that the modern day cars run at almost double that speed during the Indy 500 is pretty remarkable).

Anyway, my point is that the Indianapolis Motor Speedway was built and exists for one reason – to see how fast cars can go around it.  It was a track built to test speed and the Indy 500 does just that, which is why that particular race is so entertaining.  The cars are literally going as fast as the physics will allow them and if the drivers make even a fraction of a mistake, it could cost them a win (JR Hildebrand on the final turn this year) or in some cases – God forbid – even their lives.

The Brickyard 400, on the other hand, doesn’t provide that balls to the wall speed that the 500 does because NASCAR cars are built entirely differently.  NASCAR races, relatively speaking, are often predicated more on physicality than speed (at Indy, NASCAR cars average about 50 mph less than the open wheel cars do), so when they race on a track like IMS that was built solely to test speed, they go relatively slowly through the turns and the race turns out to essentially just be a parade of what appear to be elaborately painted refrigerators.  Plus, throw in the fact that NASCAR guys like to bump each other and IMS is most certainly not a track for bumping, and it makes things even worse because all that bumping results in a lot of crashes and caution flags (when people say they like crashes, what they really mean is they like seeing fiery crashes where the car rolls a few times and looks completely decimated when it’s all said and done.  Most crashes, though, are entirely unexciting and just drag out the race and make it even more boring).  Throw all of these factors together and what you’ve got is a race that can’t even sniff the jock of the Indy 500.

Of course, this is just my theory that I’ve established solely through years of observation.  I don’t have stats to back me up and I certainly don’t have any real knowledge of racing whatsoever, so there’s a good chance my explanation is way off.  Either way, the fact of the matter is that the racing at the Brickyard 400 just isn’t that exciting.  Regardless of why, there’s no denying that it’s pretty boring when compared to the 500.

Now that we’ve got that out of the way, let’s move on to the real issue – the partying (or more accurately, the lack thereof).  There are really only four words needed to explain why the Indy 500 party scene makes the Brickyard 400 party scene look like a Sunday morning trip to church with your grandparents – general admission infield tickets.  I’ve written about this before, but the infield at the Indy 500 is unlike anything I’ve ever experienced in my life (and yes, I’ve been to the Kentucky Derby), primarily because I’ve seen just about anything you can imagine short of rape and murder.  I’ve seen people having sex (I’ve even seen what appeared to be a 3-way), I’ve seen people doing hardcore drugs, and I’ve seen a woman try to piss in a busy men’s restroom by removing her jean shorts, propping her foot up to get a better angle, and pointing her vajeen toward the community urinal tub (admit it – you’re jealous).  It might be a typical Tuesday afternoon for Charlie Sheen, but for average people like you and me the infield at the 500 is mind-blowingly wild.

Why is the Indy 500 infield so rowdy, you ask? It’s simple – because it’s stupidly cheap and you can damn near bring anything into the track that you can carry.  This is really what separates it from the Kentucky Derby infield in my mind (not to mention the fact that horse racing can lick auto racing’s chode), since Derby infield tickets are more expensive and you can’t bring in outside food or drinks.  You can get a ticket for the Indy 500 infield for $30 and bring in a huge cooler full of food and beer (or if you’re like The Villain, stuff to make Cosmos).  Hell, for the 2010 race, I brought two kegs into the infield and tapped those bitches about 100 yards away from the track (it’s the only major sporting event I can think of that you can legally bring your own personal kegs to).  It’s essentially just a BYOB party with a $30 cover charge that 150,000 people are invited to and literally lasts all day, so there’s really no excuse for it not to be the most bitchingest party in America each and every year.

The Brickyard 400, though, doesn’t have these coveted general admission infield tickets.  I’ll say it again, this time using bold text to help emphasize what I’m saying: the Brickyard 400 does not have general admission infield tickets.  If that confuses the hell out of you and makes you think whoever is in charge of this decision should be immediately fired, you now have something in common with every 18-34 year old (white) male in the greater Indianapolis area. 

Now, it should be noted that you can buy a regular ticket with an actual seat assigned to it for the Brickyard 400 and walk into the infield and watch the race from there, but that completely defeats the purpose of the infield ticket.  Regular tickets aren’t as cheap as the infield tickets would be, so the poor white trash people that can afford to come party at the Indy 500 (and are typically the rowdiest people at the track) don’t show up for the 400.  As a result, the infield for the Brickyard basically just consists of legitimate race fans who have no interest in partying and just want to sit closer to the track to enhance their experience, college kids who think they’re cool because they’re drinking beer at a race at IMS and don’t know that the Brickyard is the JV race, and middle class people who don’t completely hate their lives like the poor people do and therefore don’t turn to drugs and alcohol as a way of coping with their failures.  So yeah, the party kinda sucks.

Basically, here’s the ultimate problem: In my opinion, the only way to make the Brickyard 400 as awesome as it should be and to make it a must-attend event is to sell the infield tickets.  But they won’t start selling infield tickets any time soon because they don’t even come close to selling all the normal tickets, so they’re obviously going to focus more on trying to figure out a way to get more people to buy the relatively expensive seat-assigned tickets because those tickets bring in more money for them than the infield tickets do.  But they’re never going to sell out of the normal tickets until the quality of racing improves.  But the quality of racing won’t improve because the track simply isn’t a good fit for those cars.  So really, the way I see it, the only way to improve the overall event is to completely change the type of cars NASCAR uses.  Obviously this can’t happen, which is why the Brickyard 400 seems like it’s on track (pun absolutely intended) to be a perpetual letdown.

And let’s not kid ourselves.  Even though I said earlier that I wouldn’t mind there being a race at IMS every weekend, that doesn’t mean that all of the races there should be treated equally.  Regardless of the quality of racing or the party scene, the Indy 500 is in a class on its own just because of the history associated with it, and there’s legitimately no way in hell the Brickyard could ever come close to being as big of a deal to the people of Indianapolis (the Brickyard is like the NIT final four – just because it’s being held at a historic venue doesn’t make it a big deal).  That in and of itself is enough for some to think that it’s sacrilege to go to IMS for a race at any time other than Memorial Day weekend because the experience is borderline laughable and it makes the Indy 500 feel less special (another reason why the Indy 500 rules – Memorial Day is a built in recovery day for the day after the race). 

For as long as I can remember, I haven’t been included in that group, but with each passing year it seems like I’m getting closer and closer to feeling the exact same way.


It goes without saying that you should feel free to call me out on anything I screwed up.  As I said earlier, everything I just wrote is based on nothing more than my own personal experience, which typically means I’m embarrassingly wrong.  So if I was way off with my reasoning for why the Brickyard just isn’t what it seems like it could be, by all means send me an email and put me in my place.  If your email has enough vitriol in it, we might even become pen pals.

Proud To Be An American But Even Prouder To Be A Buckeye,

Mark Titus

Club Trillion Founder


          Upcoming trends in the cannabis industry        

The cannabis industry in 2017 has changed in more ways than you can imagine. In the past years, people were a bit conservative when it comes to the investment, but this is quickly changing. Today, investors have a new perspective when it comes to marijuana investment according to the marijuana stock analysis for 2017. The medical acceptance has made it a worthy investment in all spheres of the economy. People used to think that marijuana investment is not for the small investors anymore. Right now the Wall Street is now looking at the cannabis investors, and this is an indication of the seriousness in the investment.

What to expect in the future of cannabis industry

Global markets

In the recent past, USA was the only market for marijuana investment. The good news is now the perspective is changing. Other countries are now legalizing the drug, and this is to tell you that there is now a wide market. As an investor, it is now possible to look at the attractive markets that are coming up in other parts of the world like Canada and Germany. A wide market is always an advantage for any potential investor.

werewrewrewr

Banks are accepting the business

Once of the main challenges that investors face is how to handle their money. Most of the banks are now accepting the trade are willing to work with marijuana investors. In the past marijuana, investors were facing challenges keeping in mind only the state government was accepting the trade while the federal government had issues with it. The fact that the banking industry is becoming open minded about the trade is a good sign for investors.

Large brands

Currently, there are several brands that are already known in the cannabis industry. The brands are expected to grow shortly to even bigger brands. The bigger the brands, the easier it will become to finance and grow the business. After the legalization, it is expected that the current brands will even become large and this will pose and advantage to investors who want to grow their investment.

wqeqwewqeqe

Variety of investment option

Currently, most of the people prefer to invest in cannabis stock because they don’t pose a lot of challenges. However, you expect the investment options to expand. It will now be possible to invest in agricultural, retail and even the distribution part of it. The legalization of the sector will increase the investment options.…

The post Upcoming trends in the cannabis industry appeared first on The Yeson Finance Group.


          Crowdsourcing with the interweb        

With the ushering of Web 2.0 and giants like Flickr and YouTube, the hot thing in interactive advertising is user created/generated content. Merging entertainment with utility, the companies launching these sites have managed to create low-overhead by placing the onus of fresh, engaging material on their own user base. The fact that this even works in the first place is pretty impressive, considering cited malaise of internet users, and moreover is exciting in the fact that it demonstrates the millions of online users want something to do. No one has been more successful at converting this desire to "do something" into direct profits than Threadless. On the online t-shirt retailer solicits designs from their user base. Every single t-shirt Threadless produces was designed by a member of the site, who was rewarded with $1,500 in cash and another $500 in merch.

Today's Post, which can be woefully out-of-date in reporting the goings on in the interactive front, has a decent article chronicling Threadless' rise as well as tracking how other companies are trying to leverage the burgeoning internet work force into doing all of the work for them. For each company that achieves wide-spread success there are a dozen more that failed miserably attempting the same.

What separates one campaign from another?
Clearly, to achieve some kind of success with user-generated content your offering needs to fall into one of two categories:

  • 1. pay money for winning submissions

  • 2. provide content that is intrinsically desired by online users ~ which probably has a traditional market analog (video, imagery, video games)


  • The idea of paying for the material is becoming even more dominant as firms look to pay at least a small proceed to producers of ideas, video and imagery that contribute. By paying a premium for fresh content from your users, you in turn drive up traffic, which results in higher advertising returns. It's akin to banking loans. The bank pays you a small amount of interest to keep your money in the bank, which they are then able to loan out at higher rates. Banks are really profitable. An model that follows a bank's model is good. Ergo, paid user generated content is good.

    Simple. As. That.

    Incidentally, my buddy Eric designed a shirt that Threadless produced. It's almost out of print though, so better get it now.


              â€œEconomic meltdown not some coincidence; decisions made by those entrusted to secure our futures” – Keane on Banking Inquiry        
    “Economic meltdown did not happen because of some coincidence. It happened because of decisions made by those entrusted to safe-guard our way of life and to secure our futures” – Cáit Keane on the Banking Inquiry The following is Senator Keane’s statement on the release of the Banking Inquiry report,  as part of a debate […]
              Follow These Steps to Buy a Home in 2017        
    Follow These Steps to Buy a Home in 2017

    With the new year comes new goals to accomplish, and for many that can be the dream of homeownership. If your goal is to purchase a home in 2017, follow the steps below to make sure you are on the right path to completing your goal in 2017.

    Step 1: Automate Your Down Payment Savings

    Financial advisors commonly agree on one simple rule when it comes to saving a large sum of money for something like a down payment on a home – pay yourself first. 

    What does it mean to pay yourself first? It means automating your banking situation so a set amount of money goes into a savings account designated for a specific purpose. The idea is that placing money in a separate account automatically removes the temptation to spend it and removes the extra step of transferring it manually. Also, if you never see the money in the first place, then you won’t miss it or spend it.

    Step 2: Check your Credit Report

    When it comes to securing a mortgage for your home, few things matter more than the information found on your credit report. To avoid any surprises during the buying process, check your credit report as early as possible in the home buying process.

    A good credit score is important because it can influence your mortgage rate, with a better credit score typically leading to a better mortgage rate. A small difference of 1 percent in a mortgage rate may not seem like much, but the cost of the additional 1 percent throughout a 30-year mortgage can be a significant expense.

    In addition to checking your three-digit credit score, examine the report carefully to be sure it is free of any errors. Commons errors include incorrect cards being associated with your name, delinquent account flags, and incorrect personal information. Sometimes having the mistakes fixed and rectified can take a significant amount of time, which why it is important to identify them early in the home buying process.

    Step 3: Get Pre-Approved for a Mortgage

    Getting a preapproved mortgage loan is a step that serves two important purposes: It certifies you have the proper financial resources to undertake the purchase of a home and it helps to set a realistic picture of your budget. 

    To get preapproved, a financial lender looks at items such as tax returns, W-2 filings, debts, employment history and more. Upon review of these documents, a mortgage lender will then preapprove the maximum amount of money they will lend you. 

    Getting preapproved is important to complete early because it can help to reset your home price expectations. You may think you can afford a $350,000 home, but you may only get preapproved for $250,000. Understanding the amount of money you can spend helps to save you the time of looking at homes that are vastly out of your price range.

    Step 4: Keep Your Money Where It Is

    It sounds obvious enough, but many potential homebuyers make the common mistake of deciding to rearrange their finances before purchasing a home.

    Moving around large sums of money can be a critical mistake that affects your credit profile unknowingly. An erroneous credit profile can take time to rectify, so save yourself the headache. Plus, when a mortgage lender investigates your accounts to preapprove a home mortgage, they are looking for stability in your finances.

    Step 5: Make A Budget and Live on It Now

    To best prepare yourself for the expense of a new home, create a budget and start to figure out where your money will go each month after your purchase. Consider things such as increased commuting costs, HOA fees, maintenance fees, and more. Once you make a budget, start to implement it before you buy a home. It will be much easier to start before buying, and you will be used to the changes before you move into your new home.

    Let Plantation Homes Help You Purchase a New Home in 2017

    As a trusted homebuilder throughout Texas, Plantation Homes has helped buyers to find new homes in Houston and Dallas for more than 25 years. Our sales counselors work with potential buyers to find a floor plan, community, and location that fits their budget and desires.

    Learn more about what it means to have a new home Built Around You. Contact us online or call 888-406-7087 to speak to one of our sales counselors today.


              New SeaWorld consultant could be precursor to possible sale        

    SeaWorld is stepping up efforts to turn around the beleaguered company amid reports it has brought on an outside financial adviser that could be a precursor to a possible sale or reorganization.

    The Orlando-based theme park company is said to have hired investment banking advisory firm, Evercore,...


               Zombies are attacking America – researchers: Banking sector DDoSers 'used botnets', say security boffinsHackers http://tco/0dxnCC8y        
    2012-09-30 09:26:38 - obsequens : Zombies are attacking America – researchers: Banking sector DDoSers 'used botnets', say security boffinsHackers http://tco/0dxnCC8y
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    2012-09-29 18:38:16 - ElReg : Zombies are attacking America – researchers: Banking sector DDoSers 'used botnets', say security boffins Hackers http://tco/vbprV69b
               Zombies are attacking America – researchers - Banking sector DDoSers 'used botnets', say security boffins Hackers re http://tco/m6LZefX4        
    2012-09-29 17:30:16 - kakroo : Zombies are attacking America – researchers - Banking sector DDoSers 'used botnets', say security boffins Hackers re http://tco/m6LZefX4
              Weekend Update #11 – Colonialism        
    Why is the USA the way it is? Colonialism! Why are American Indian Reservations in the deplorable state they are? Colonialism! Where are the Global Banking Powers leading the World too?
              Pengertian Web E-Commerce        
    E-Commerce merupakan penerapan E-Business sebagai salah satu strategi jual-beli barang atau jasa secara elektronik dengan menggunakan transaksi data elektronik, sistem manajemen inventory otomatis dan sistem pengumpulan data otomatis. E-commerce merupakan bagian dari e-business, karena e-business tidak hanya bagaimana cara berniaga tapi gabungan dari mitra bisnis, pelayanan nasabah, lowongan pekerjaan, dll.

    Dalam beberapa kurun waktu e-commerce telah mengalami banyak perubahan. Dimulai dengan memanfaatkan e-commerce sebagai tempat bertransaksi untuk mengirim dokumen komersial seperti pesanan dengan penggunaan EDI(Electronic Data Interchange). Kemudian e-commerce semakin berkembang, namun kali ini tidak hanya sekedar mengirim pesanan atau pun invoice tapi sudah memasuki perdagangan barang dan jasa.

    Ada beberapa faktor yang menyebabkan e-commerce semakin pesat berkembang, diantaranya :

    1. Harga yang kompetitif
    2. Jasa Pembelian yang tanggap, cepat, dan ramah
    3. Informasi barang dan jasa yang lengkap dan jelas
    4. Menyediakan banyak bonus, dan diskon
    5. Mempermudah kegiatan jual-beli
    Dibalik suksesnya e-commerce yang telah menjadi lifestyle bagi masyarakat, ada masalah yang mengancam keberlangsungannya, seperti :
    1. Penipuan
    2. Pencurian Data
    3. Hukum yang belum jelas di bidang e-commerce
    Aplikasi yang sering digunakan dalam transaksi jual-beli di e-commerce sangat banyak sekali, mulai dari sistem pembayarannya, e-banking, cart, dll. Contoh :
    1. E-mail dan messaging
    2. CMS(Content Mangement Systems)
    3. Dokumen, database
    4. Akunting dan sistem keuangan
    5. Informasi pengiriman dan pemesanan
    6. Sistem pembayaran domestik dan internasional
    7. Newsgroup
    8. Online shopping
    9. Conferencing
    10. E-Banking
    Perusahaan yang telah terkenal di bidan e-commerce adalah eBay, Amazon.com, PayPal, TokoBagus.com,dll

    sumber : http://id.wikipedia.org/wiki/Perdagangan_elektronik

              Dana Spence        
    Biomedical Engineering
    Biomedical Engineering
    B.S., 1992, Grand Valley State Univ.
    Ph.D., 1997, Michigan State Univ.

    Solving biological problems at the molecular level with the help of novel biotechnology method development is the primary goal in the Spence group. To accomplish this goal, our group blends a variety of methods found not only in the chemical sciences, but also bioengineering, pharmacology, and physiology. Our publication record is exemplary of this broad approach to solving problems; specifically, in the past 3 years, our group has published papers in journals whose primary focus is analytical chemistry, diabetes, pharmacology, and microfluidic devices, to name a few. We employ any measurement scheme necessary to find answers and make new discoveries. Therefore, it is not uncommon for students in the Spence group to be experts in cell culture and cell preparation, but also understand the basics behind laser-induced flow cytometry, chemiluminescence techniques, or how to prepare microfluidic devices from 3D-printing technology. During the past year or so, we have also used NMR, circular dichroism spectroscopy, absorbance spectroscopy, atomic absorption spectroscopy, gel electrophoresis, HPLC, amperometry, cyclic voltammetry, and scintillation counting in our efforts.

    All of the work performed in the Spence group is problem-based and hypothesisdriven. Moreover, most of our work is centered around the bloodstream and complications that arise in, or from, the bloodstream during disease onset. For example, since 2006, our group has been interested in studying C-peptide, a 31 amino acid peptide secreted from the pancreatic beta cells with insulin. Recently, our group has discovered that C-peptide demonstrates activity on red blood cells (something insulin does not do), but only when bound to zinc. We are also in the process of determining how this zinc binds to C-peptide, and if it induces structure in the peptide that subsequently leads to its binding to the red cell. Our ultimate objective with this project is to prepare a correct formulation of Zn-bound C-peptide that can be re-administered to people with Type 1 diabetes, who no longer produce C-peptide in their bodies due to beta cell destruction.

    In addition to our work in diabetes, we also have recently reported findings concerning hydroxyurea, the only proven therapy for people with Sickle Cell Disease. We also dedicate resources and time to studies involving platelets for Cardiovascular Disease and Stroke. Finally, a new branch of our laboratory efforts focus on improving stored red blood cells for Transfusion Medicine. Here we are formulating new, yet simple, storage solutions for the blood cells. Preliminary evidence suggests that some of the properties of our stored red cells are as fresh on day 35 of storage as they are on day 1! We hope to continue these efforts in the next few years to improve human health.

    A new technique in our group involves 3D-printing. Nearing 30 years since its introduction, 3D printing technology is set to revolutionize research and teaching laboratories. With regard to research settings, 3D printing has been limited to biomedical applications and engineering, although it shows tremendous potential in the chemical sciences. The Spence group aims to utilize 3D printing technology to help us solve the problems listed above, especially those related to cell-cell communication, blood flow, and tissue-on-chip applications.

    Research currently underway in the Spence group is focused on (a) platelets, (b) sickle cell disease, and (c) stored blood, in addition to our long-standing investigations involving diabetes.

    Microfluidic evaluation of red cells collected and stored in modified processing solutions used in blood banking?, Wang, Y.; Giebink, A.W.; Spence, D.M., Integrative Biology 2014, 6, 65-75. (C&E News full page story, Feb 3, 2014 issue, page 30) Evaluation of 3D Printing and Its Potential Impact on Biotechnology and the Chemical Sciences, Gross, B.C.; Erkal, J.L.; Lockwood, S.Y.; Chen, C.; Spence, D.M. Analytical Chemistry 2014, 86, 3240-3253. (Cover Article) Endothelium Nitric Oxide Production is Increased by ATP Release from Red Blood Cells Incubated with Hydroxyurea, Lockwood, S.Y.; Erkal, J.L.; Spence, D.M., Nitric Oxide 2014, 38, 1-7. 3D-Printed Microfluidic Devices with Integrated Versatile and Reusable Electrodes, Erkal, J.L.; Selimovic, A.; Gross, B.C.; Lockwood, S.Y.; Walton, E.L.; McNamara, S.; Martin, R.S.; Spence, D.M., Lab on a Chip 2014, 2023-2032. 3D-printed Fluidic Devices Enable Quantitative Evaluation of Blood Components in Modified Storage Solutions for use in Transfusion Medicine, Chen, C.; Wang, Y.; Lockwood, S.Y.; Spence, D.M., Analyst 2014, 139, 3219-3226. (Cover Article)

              BANK OF ENGLAND RESOLUTION TO STOP VULTURES ASSET STRIPPING        
    Bank of England Resolution to Stop Vultures Asset Stripping by Sean Boyle of the Economics Working Group Co-op Bank Policy Proposal Previously both the Co-op Group board and Co-op Banking[...]
              Blog Post: This Flyboy Has Mud On His Goggles        

    When strategy master Sid Meier takes the time to actively design a game, it’s time to sit up and take notice. His latest project is World War I dogfight strategy title Ace Patrol on iOS devices. In theory, the platform allows creative types the freedom to turn around concepts without all the pressure and mega-budgets of a PC or console release. It shouldn’t, however, be an excuse to release a half-finished product.[Excerpt]

    Ace Patrol is a free universal download for most i-devices (iPad offers the best viewing real estate, but the iPhone version is identical in every other way). You can play a small cluster of British campaign missions without paying a dime. The free section is long enough so that you can get a basic handle on the rules, see a variety of mission types, and get hooked. For $.99 more you can experience the entirety of the British war effort, a total of 24 missions. Even though there are American, French, and German campaigns as well, this is the most I’d advise players to invest at this time.

    By the time you finish the first level pack, the same mission types are already being repeated. Attack or defend trucks, trains, bombers, or balloons. Fight two planes with two of your planes. Fight two rookies with one experienced pilot. This is practically all you get, over and over. Every six levels or so you get to take out all four of your pilots on a larger scale mission, but even that’s nearly the same every time.

    I was already painfully bored with the missions by the end of British campaign, and the other campaigns are just more of the same with a different coat of paint (don’t expect any kind of story, either). The flags on the buildings change. The same pilots wear a different uniform and gain or lose a moustache. Each nation’s collection of planes differs only minutely in stats.

    It’s a shame that Firaxis didn’t bother making a more complete game, because the battle system is excellent. Planes can’t stay in place, so the action is always moving. Each craft has a wide variety of moves it can make at any time. Factors like altitude, unlocked pilot skills, and plane orientation all figure in to what maneuver you can pull off next. Straight flights may allow you to move three hexes forward while banking to the left only hops one hex over. This free-flowing movement system means enemy actions can be much harder to predict than pieces on a chessboard. The fact that there are far fewer pieces on the board than what you’d see in chess balances this out and keeps matches from being overwhelming.

    [view:2381751646001]

    Cloud coverage offers a place to mask your movements while friendly bases shoot at any enemy that flies over. These areas of the map add elements of excitement and risk to the missions. More types of them might have helped with the lack of variety.

    Five difficulty settings ensure you hit the challenge level you’re comfortable with. Don’t get excited by the point multiplier earned at higher difficulties, though. Points contribute nothing to plane upgrades and pilot promotions. For those, you have to shoot down enemies and avoid taking too much damage.

    Multiplayer is in rough shape as of version 1.1 of Ace Patrol. Asynchronous multiplayer via Game Center never worked for me, and Firaxis confirmed the widespread problem in its official forums. Battling against real humans instead of the AI sounds promising, but we’ll have to wait until the problem’s sorted out. Local pass play works fine. Unfortunately, volleying your iPad back and forth constantly is tedious. Plus, seeing each other’s secret cloud movements is way too easy. Even if you’re trying to honorably look away, the other player’s turn pops up immediately before you can react.

    Ace Patrol shines in its mechanics and may very well become a good game after a steady progression of updates. As it stands now, this one could use some more time in flight school.

    This review is based off of Ace Patrol version: 1.1


              Part-Time Sales and Service Associate (30 hrs) - HomeTrust Banking Partnership - Cherryville, NC        
    Balance cash drawer, counting currency and coin accurately. Counts, checks and packages coins and currency....
    From HomeTrust Banking Partnership - Fri, 04 Aug 2017 23:04:49 GMT - View all Cherryville, NC jobs
              Part-Time Sales and Service Associate - HomeTrust Banking Partnership - Cherryville, NC        
    Balance cash drawer, counting currency and coin accurately. Counts, checks and packages coins and currency....
    From HomeTrust Banking Partnership - Wed, 26 Jul 2017 17:32:43 GMT - View all Cherryville, NC jobs
              Jeder 2. Deutsche nutzt Online-Banking        
    Im Jahr 2014 nutzten etwa 49 Prozent der Deutschen Online-Banking im privaten Bereich, so eine Auswertung von Eurostat. Wie auch in den früheren Jahren ist damit die Begeisterung für Bankgeschäfte im Internet vergleichsweise überschaubar. Als Gründe dafür gelten unter Anderem…
              PSD2 Glossary – the 50 Terms You Need to Understand        

    PSD2 logo

    It’s not unusual for EU Directives to arrive with a whole host of acronyms and terminology, and PSD2 is no exception. From AISP to XS2A there are some new terms, some terms that have a new meaning in this context, and some established payment terms it’s always worth having a reminder about.

    When I couldn’t find a glossary to help me understand the terminology, I decided to create one.

    Or the 50 PSD2 terms, here are my 3 favorites:

    • ASPSP – Account Servicing Payment Service Provider — a tongue-twister to rival Sister Suzie and her shirt-sewing shenanigans! An ASPSP is a Payment Service Provider (PSP) such as a bank or card issuer that provides authorised access to bank account information. For PSD2 they are allowing API access to bank account data for Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs). This makes my top three as I can’t quite work out why they’re not just called them PSPs — by my reckoning all PSPs will have to become ASPSPs!
    • EBA — for added confusion, we don’t have one EBA, we have two! There’s the European Banking Authority, an independent EU body that has responsibility for developing the Regulatory Technical Standards and guidelines for PSD2. And then there’s the Euro Banking Association, an industry forum for the European payments industry. Their role is to promote the interests of their members and help them to adapt to PSD2. This makes my top three because this kind of acronym sharing simply shouldn’t be allowed!
    • Brexit — Most of us have a general idea of what Brexit means, and it could be argued that nobody has anything more than that now. It’s likely to be fairly irrelevant to PSD2. It makes the top three here, because the effect of Brexit always seems to be the first question asked at any PSD2 conference, webinar or seminar.

    Those are my top 3 (or really top 4, given the 2 EBAs, but there are another 47 terms to learn about in our full PSD2 glossary. If you think there are some PSD2 terms missing from our glossary, leave a comment below.

    The post PSD2 Glossary – the 50 Terms You Need to Understand appeared first on FICO.


              re: Reconnecting - By Rick Gold        

    Rick,

    Thank you for your thoughtful heartfelt article on the state of Thoroughbred racing in this country and it effect on all fans and lovers of the most beautiful being on the planet - The Horse.  

    I am first and foremost a lover of animals and horses in particular.  After many years I put aside all other extracurricular activities and made it to Belmont to see the racing thoroughbred.  I'm not a bettor, it doesn't interest me - whether it be Las Vegas, bingo, etc.  On rare occasion I will place a bet (dreamed Big Brown would win the Derby).  Love Zenyatta and placed a bet in BC.  Even though she didn't win, I'll hang on to the ticket for the memories, because she ran a spectacular race against a tough field.  In my opinion every thoroughbred is a winner just by surviving in this most risky of sport.

    So, it pains me year after to read the fine thoughtful articles submitted, such as your article above, in the B-H magazine and B-H on-line with no thoughtful, or honest follow-up by the racing powers or industry at large. My viewpoint is that 'industry' is the killing operative.  In today's modern context whether it's horse racing, oil, wall street or banking the only element that matters is the bottom line and Greed for more of whatever it is that turns them and their families on.  That is the momentum killing horse racing.  

    Maybe it's time to repeal OTB and other off-track betting avenues, like Sunset legislation?  Look at the OTB fiasco in New York State and NYRA's ills.  It has brought NY racing to its knees. Once it was a racing jewel, now it is in a death spiral.  Look at all the racing jurisdictions around the country-they are incomprehensible.

    One final note - to the security guards at SA & HP who are looking forward to Zenyatta leaving - she kept you in a job - you should be grateful to her, because there is most likely someone who loves horses eager to step into your shoes!


              High street bank launches instant mobile loans service        

    New features on the Barclays Mobile Banking App will enable customers to obtain small business mobile loans or overdraft in less than an hour, the bank has announced.

    The post High street bank launches instant mobile loans service appeared first on Business Advice.


              Is open banking a nightmare waiting to happen?        
    The world of banking is about to be transformed. In January 2018, the second Payment Services Directive (PSD2) will be incorporated into UK law, obliging banks to provide other organizations with access to their customers’ financial information. Known colloquially as the "open banking" directive, the new law is intended to end the monopoly of big banks and to provide consumers with a much wider range of financial services providers to choose from. There are many technical and cultural difficulties that banks will need to overcome in order to comply with the new directive, but perhaps the most serious challenge is… [Continue Reading]
              RBB-Teller - HDFC Bank - India        
    • Responsible for cash and customer transactions. • Cash Receipts, Deposits & Payments • Cash balancing • Handling the Banking System • Vault custodian •
    From HDFC Bank - Tue, 25 Jul 2017 11:47:11 GMT - View all India jobs
              By: justanotherblogger        
    correct me if I'm wrong, but I thought you could deposit the resulting funds back into your banking account?
              The Impact of the Financial Crisis on Malawi        

    The impact of the financial crisis on Malawi has so far been limited. The financial sector is small and less sophisticated, with two (out of nine) commercial banks dominating the banking sector. Foreign direct and portfolio investment levels are very low. However, most commercial banks have reported difficulties accessing foreign credit lines. Furthermore, exchange rate movements in the west are having a negative impact on foreign aid inflows to Malawi.


              SMART ALEC and Albina Community Bank!        
    Today, Monday, July 11, 2016, we at SMART ALEC followed our hearts, after cutting up the Wells Fargo debit card, and took our funds elsewhere… to Albina Community Bank! This CDFI (Community Development Financial Institution) is one of the best examples of community banking in the country.  Albina puts over 60 percent of its revenue […]
              Electronic Service and Plastic Specialist - South Metro Federal Credit Union - Prior Lake, MN        
    Review and analyze online banking reports for fraudulent or suspicious activity and mitigate risk to the credit union....
    From Indeed - Thu, 22 Jun 2017 20:02:21 GMT - View all Prior Lake, MN jobs
              ING Bank verlaagt de kosten en verbetert IT Agility met Private Cloud en Server Upgrade        
    De IT-afdeling van ING Bank wil een private cloud-infrastructuur implementeren als onderdeel van haar datacenter consolidatie-inspanningen, en om wijzigingen in haar core banking systeem voor te bereiden. De bank heeft Windows Server 2012 met Hyper-V geïmplementeerd en, als gevolg daarvan, kunnen ze licentiekosten verlagen en de consolidatie-werkzaamheden ondersteunen om het aantal datacenters van 16 naar 2 terug te brengen. Daarnaast zal de flexibiliteit van de IT-afdeling toenemen en kan er beter ingespeeld worden op de behoeften vanuit de organisatie.
              Cyprus Ultimatum Threatens Banking System        
    How soon things change. No sooner had Europe appeared to settle down, promising better conditions for a slowing Australian economy and lower costs of funding on international wholesale markets, when the chaos kicks off again. Cyprus has dominated international headlines this week, after an unprecedented move to impose a one-off tax on savings worth up […]
              Engineer or Technical Major to IB – Sample “Story” Template and Example (19:28)        

    In this lesson, you’ll learn how to walk through your resume/CV as an undergraduate or recent graduate, with a sample template for an "engineering to IB" transition.

    The post Engineer or Technical Major to IB – Sample “Story” Template and Example (19:28) appeared first on Free Financial Modeling Tips & Tutorials | BIWS.


              PowerPoint Process Recommendations Slide (15:30)        

    In this sample lesson, you'll learn how to create a "Process Recommendations" slide for use in an investment banking-style pitch book or presentation.

    The post PowerPoint Process Recommendations Slide (15:30) appeared first on Free Financial Modeling Tips & Tutorials | BIWS.


              Chase Online Banking        
    Chase Manhattan Bank's Internet banking is a small business the most useful financial resources. Most small companies with big ideas. The idea behind those who are convinced that the idea is correct, but there is a need. At that time, he or she must be in the latest wave of thinking. Many owners of small businesses do not know much about how to cope with the company financial position. This is the Chase Manhattan Bank's Internet banking can help you.

    Owners of small businesses that joined the Chase Manhattan online banking access to a range of useful features to help them better manage their business. The biggest advantage is able to log into any accounts linked companies (and even personal investment accounts) at any time of day or night, seven days a week. While certainly useful for the management of account balances for many small business owners can do things at the same time online.

    They can also view the transaction even 90 days, or check to see what checks cleared and it is not. They can pay bills online is faster than manual methods. We know that the online check and deposit slips can be printed at any time, they need to remove the person who cared Chase online banking.

    Owners of small companies may need to be notified by e-mail, voice mail and SMS messages, and even change at any time they appear in any account be monitored. They can be checked, by wire transfer, transfer funds and so on.

    Chase Manhattan Bank's Internet banking allows owners of small businesses to download the monthly reports directly to the popular small business accounting software, so that the difficult task applies to the accounting treatment is much easier. They can use Internet banking to set Chase direct deposit for their own and their employees, and it is a very good offer valuable benefits to attract staff. Even more, it is all explained in an e-banking demo to see today!
    Learn about one of the best online banks Chase Online Banking or to learn about other online banks visit Chase Online Banking - A popular banking website that provides you with inside information on all the major banks.
              Chase Online Banking Gives You Many New Opportunities        
    One of the most effective technology is the recent invention of Internet banking. Internet banking has become the most popular features of the bank. It gives you many benefits and options you know are no longer required of banks in your local banking institutions. This option is for consumers to reduce bank charges, interest rates more competitive. Completed at any time to allow the advantages of your business spending. Following is the Internet banking can be done choice.

    One of the biggest advantages can make your online banking that is not your money in the local. Now you can find online shopping and local money you can get the most benefit. You can open an account online, and then you send your signature card. You need to check and debit card to your account and the operation of the same of your local bank. You can have your money deposited directly into your account, or you can check the mail.

    When you bank online banking than in your local you can still access your account on the Internet. These banks also provide you with features such as paying bills online. This is a place where you can pay bills online. They are two options, to be able to pay bills. The first time you've read all the information you need to pay the bill would include the payee's name, address and number of your account. After that, you can manually go in and pay each bill, because it is due, or you can set up an automatic account. When you set up automatic bill payment, you must make sure you always have the money to pay for those who are not sufficient funds, only work in the same way.

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              Video: The Fireside Chat: Chris Eager of UB&T Speaks        
    Video: The Fireside Chat: Chris Eager, President of UB&T speaks on the economy, banking and how UB&T is responding, and has some thoughts for the community on surviving and thriving in these times.
              The Afternoon Sound Alternative 01-18-2016 with Pete Miesel        
    Playlist:

    Bonzo Dog Band- Slush - Lets Make Up And Be Friendly
    The Suburbs- Credit In Heaven - Credit In Heaven
    Tyla Gang- Styrofoam - The Stiff Singles Vol 1
    Magazine- Model Worker Live Remastered 2009 - Play
    The Members- Offshore Banking Business 12 Version Bonus Track - At The Chelasea Nightclub Bonus Track Version
    Robyn Hitchcock- Ye Sleeping Knights Of Jesus - I Often Dream Of Trains
    - voicebreak -
    The Clash- Julies Been Working For The Drug Squad - Give em Enough Rope
    The Cramps- Garbageman - Songs The Lord Taught Us
    The Hombres- Its A Gas Let It All Hang Out - Let It All Hang Out
    The Barbarians- Are You A Boy Or Are You A Girl - Are You A Boy Or Are You A Girl
    John Mayall The Bluesbreakers- Whats The Matter With You - So Many Roads 19641974
    The Mops- Im Just A Mops - Sixties Japanese Garage Psych Sampler Digitally Remastered
    Fred Frith Henry Kaiser John French Richard Thompson- Hai Sai OjiSan - Live Love Larf And Loaf
    - voicebreak -
    The Tremors- Matando El Diablo - Step On It
    The Specials- International Jet Set - More Specials
    Madness- Clerkenwell Polka - The Liberty Of Norton Folgate Bonus Track Version
    Johnny Socko- Long Live The Dead Guy - Oh I DO Hope Its Roast Beef
    - voicebreak -
    Peter Gabriel- Excuse Me - Peter Gabriel 1 Car Remastered
    John Cale- Gun - Fear
    Split Enz- Under The Wheel - Mental Notes
    - voicebreak -
    William Onyeabor- Fantastic Man - World Psychedelic Classics 5 Who Is William Onyeabor
    Getachw Mekuria And The Ex And Friends- BertukaneYematebela WofShegitu - Getachew Mekuria And The Ex
    Segun Bucknors Revolution- Gbomojo - Gbomojo Single
    Antibalas- Beaten Metal - Security
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    Son Volt- Cocaine Killed My Community - Beyond Nashville
    Fishbone- Lemon Meringue - Give A Monkey A Brain And Hell Swear Hes The Center Of The Universe
    - voicebreak -
    Yesterdays New Quintet- Superstition - Stevie
    Amiel Moodie The Dandemites- Ratchet Knife - Trojan Rude Boy Collection
    Lambchop- Love TKO - Tools In The Dryer
    Beulah- Emma Blowguns Last Stand - When Your Heartstrings Break
    My First Keyboard- Hey Friend - The Invention To Be Nobody Nowhere
    Harvey Sid Fisher- F Word - Tea At The Palace Of Hoon
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    The Essex Green- Saturday - Everything Is Green
    Gorkys Zygotic Mynci- Cn Megan - How I Long To Feel That Summer In My Heart
    United States Three- The Sixty Dollar Harmony - Le Temps Du Tempo
    Preston School Of Industry- Whalebones - All This Sounds Gas
    Circulatory System- Yesterdays World - Circulatory System
    999- Homicide - Separates
    Albert Ayler- Our Prayer - Live In Greenwich Village The Complete Impulse Recordings


    playlist URL: http://www.afterfm.com/index.cfm/fuseaction/playlist.listing/showInstanceID/5/playlistDate/2016-01-18
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              The Afternoon Sound Alternative 03-27-2015 with Nat        
    Playlist:

    - voicebreak -
    - voicebreak -
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    Laibach- Final Countdown - Nato
    Portishead- Machine Gun - Third
    Talking Heads- Listening Wind - Remain In Light Remastered
    Brian Eno David Byrne- Regiment - My Life In The Bush Of Ghosts
    Atomic Ape- Passenger - Swarm
    Tom Waits- Starving In The Belly Of The Whale - Blood Money
    Man Man- Zebra - The Man With A Blue Turban With A Face
    Ben Gallagher- Beleaguered - Heart Shaped Rocks
    Sparklehorse- Weird Sisters - Vivadixiesubmarinetransmissionplot
    Paleo- A View Of The Sky - A View Of The Sky
    Ian Cooke- Vasoon - The Fall I Fell
    Deerhoof- Oh Bummer - La Isla Bonita
    Various Artists- Gang Of Four Naturals Not In It - Marie Antoinette
    Television- See No Evil - Marquee Moon
    Bostich Fussible- Into Your Heaven - Motel Baja
    Amsterdam Klezmer Band- Op Je Hoede feat Lilian Vieira - Blitzmash
    Lisandro Meza Y Su Combo Gigante- Juventud Flaca Y Loca - The Afrosound Of Colombia Vol 2
    La Sucursal De La Cumbia- Rtmo Popular - Cumbia A Domicilio
    Goran Bregovic- Cajesukarije Cocek - Ederlezi
    Balkan Beat Box- Cha Cha - Balkan Beat Box
    Burning Spear- Jordan River - Marcus Garvey Garveys Ghost
    The Gladiators- Looks Are Deceiving - Trenchtown MixUp
    Midnite- Banking In The Pig - Ras Mek Peace
    The Viceroys- Ya Ho - The Viceroys Inna De Yard
    Willie Williams- Master Plan - The Legendary Studio One Records
    Prince The Revolution- Erotic City - The Hits The BSides
    Compilation- Its A New Day Pts 1 2 - In The Jungle Groove
    Sly The Family Stone- I Want To Take You Higher - Stand Bonus Version
    JeanClaude Vannier- LOurs Parasseux - ElectroRapide
    Moondog- Minisym 1 - Moondog
    Black Moth Super Rainbow- Psychic Love Damage - Cobra Juicy
    Ten And Tracer- Dodecahedron Leads The Way - Youll Be A Hero Soon Speaker
    Bjrk- Black Lake - Vulnicura


    playlist URL: http://www.afterfm.com/index.cfm/fuseaction/playlist.listing/showInstanceID/65/playlistDate/2015-03-27
              Comment on Searching for a VPN with Residential IP ? by fred        
    I just want to use a VPn for security when I travel. For instance to check my email and online banking using Wifi from hotels and cafes. Is a residential VPN more secure than a standard one?
              Need loan, banks are asking for credit information which I do not have. What will I do?        
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    Tags: Finance, Credit, Personal Finance, Banking, Loan
    Last Post by christins on 10/31/13 5:56 AM
              Error regarding transfer money        
    [0] Question by jamesspencer on 05/06/13 11:52 PM Replies: 3 Views: 896
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    Last Post by roger on 05/10/13 12:37 AM
              Obunganomics: US loses its AAA credit rating        
    [0] Discussion by gungasnake on 08/05/11 8:46 PM Replies: 59 Views: 3,127
    Tags: Politics, Money, Credit, Economics, Banking
    Last Post by High Seas on 08/08/11 5:33 AM
              Windows Phone App Gap -- The Reality        
    I consider myself a Windows Phone guy.  I used a Samsung Focus, a Lumia 920, and recently I've carried a 1520 for over 1 year.  I've told myself that there is no significant app gap.  I say that because I look at my phone and see both a Twitter and Facebook icon.  However there is more to the story.

    Here are a handful of apps that I use both on my Lumia 1520 and my Galaxy S5.  I've tried to list a few areas where the Windows phone variant falls down.


    App Gaps
    App Gap
    Mint
    • Can't refresh data while using different app
    • Much slower
    • Worse UI, less info in Alerts and Advice section
    • Doesn't have an Investment section
    Facebook
    • Can't edit groups. Group admin not available at all
    • Much slower to pull up comments and likes on posts
    Twitter
    • Doesn't use in twitter browser, much slower
    • Doesn't support quoting retweet
    • Can't reply, retweet, or favorite when looking at a pic
    • Notifications simply don't work in many cases
    • Much harder to see trending topics
    Flixster
    • Can't see movies that are streamable from Netflix, Amazon Prime, etc
    • Much slower
    • Can't browse DVDs by genre
    • Can't filter/sort DVD by 
    Redbox
    • Much slower
    • Very often fails to work correctly/doesn't load movies
    • Quit comparing as Winphone app simply wasn't working
    eBay
    • Many notifications do not work
    • Ability to review offers not available
    • Can't browse by category
    • Selling didn't work nearly as well
    • harder to see unread messages
    • Couldn't find reminders in Winphone app
    Bleacher Report
    • Not available
    Banking apps
    • Vast majority not available
    Audible
    • Stats not supported
    • Variable listening speed not supported
    • Badges and listening time trackers not supported
    iHeartRadio
    • Much slower
    • Doesn't support alarm clock (my wife loves this on her G3)
    Fidelity Investments
    • Doesn't show portfolio gainers and losers upon login
    • Doesn't show portfolio news on login
    • Doesn't show pending transfers
    • Doesn't do heat maps or alerts
    • Doesn't support bill paying or check deposit
    • Many more issues
    ESPN
    • Much slower
    • Other than being dog slow it doesn't seem so bad :)
    Amazon & Google Music
    • Doesn't exist
    • CloudMuzic works for Google music but not great

    I could go on and on but you get the picture.  Yes, there are many apps that do not exist in the Windows phone marketplace but even the apps that are there are generally quite bad when compared to their Android or IOS counterpart.  I'm a Windows phone fan and want it to succeed but there is an app gap and don't let anyone tell you there isn't.


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              Enphase CEO Resigns as Microinverter Maker Shows Improvement in Second Quarter        

    Microinverter maker Enphase is losing its long-time CEO, and gaining some financial headroom to bolster its flagging performance. 

    On Tuesday, the same day the company reported its second-quarter 2017 earnings, Enphase reported the resignation of CEO Paul Nahi, who joined the company in 2007 and brought it to prominence as the first publicly traded microinverter maker with its 2010 IPO

    Now, with the Petaluma, Calif.-based company struggling to survive against harsh competition from rival SolarEdge and incumbent string inverter makers such as SMA, Fronius and ABB, Nahi is leaving the company. 

    In his absence, Enphase has created an office of the CEO, consisting of CFO Bert Garcia and COO Badri Kothandaraman, “to oversee and provide leadership for the company’s day-to-day activities.” In the meantime, the board of directors is searching for both internal and external candidates to replace Nahi, with the goal of naming his successor by the end of August. 

    Board member Steve Gomo told analysts on a Tuesday conference call that Nahi’s resignation and the search for his replacement have been something the board has been working on “for some time,” adding, “We’re fairly confident we can hit that date” for finding a replacement by August 31. 

    Meanwhile, Enphase’s second-quarter financial performance offered some hope for a turnaround. The company told investors in its fourth-quarter 2016 earnings call that it faced “substantial doubt about our ability to continue as a going concern.” 

    Second-quarter revenues grew to $74.7 million, up 36 percent from the first quarter but down from $79.2 million in the same quarter last year. Revenues for the first six months of 2017 were $129.5 million, down from $143.3 million in the same period in 2016. 

    Enphase sold about 775,000 microinverters, or 224 megawatts-DC, in the second quarter, up 39 percent from the first quarter. GAAP gross margin for the second quarter was 18.1 percent and non-GAAP gross margin was 18.4 percent. 

    Second-quarter gross profit stood at $13.5 million, down from $14.1 million in the same quarter in 2016. Gross profit for the first six months of the year was $20.6 million, down from $25.9 million in the same period last year. 

    While Enphase works to regain ground, the company's restructuring efforts, which led to it laying off about 18 percent of its workforce in January, appear to be bearing fruit in lowering operating expenses -- which are down 35 percent on a non-GAAP basis from the same quarter in 2016. Operating expenses were $22.8 million in the second quarter and $51.9 million for the first six months of 2017, down from $29.9 million and $60.8 million in the respective periods of 2016. CFO Bert Garcia said Enphase expects to see the full impacts of its restructuring reflected through the third quarter of this year. 

    Enphase’s GAAP net loss for the second quarter was $12.1 million, or 14 cents per share, compared to a net loss of $16.7 million, or 36 cents per share, in the same quarter in 2016. As for the company’s tight cash position, Enphase generated $1 million of cash in the second quarter to end it with a total cash balance of $31 million.

    Enphase is banking on its move to its next-generation IQ microinverters to continue to reduce its costs as it faces an increasingly competitive pricing environment, Garcia said. The company has seen about a 10 percent erosion in year-over-year pricing in 2017 compared to last year, driven by competition from the profitable SolarEdge. 

    “In all candor, we have seen some competitive dynamics that we’ve been focused on,” he said. “I don’t think anyone's surprised that not only in Europe, but also in North America, those dynamics have played a part in our guidance and our financial performance in recent quarters."

    At the same time, Enphase’s inventory levels decreased from 61 days in the first quarter to 31 days in the second quarter, nearing its goal of a 30-day inventory. Enphase's new IQ series inverters are expected to grow from 20 percent of its shipments in the second quarter to 100 percent by the end of the third quarter, Garcia said. 

    These reductions in inventory costs helped somewhat to counterbalance a global shortage of components for its microinverters that Garcia said was responsible for about a 1 to 2 percent hit on its operating margins for the quarter. 

    “In our last few calls, we’ve discussed our relentless focus on improving performance,” he said. “We’ve narrowed our operating losses, and created a solid foundation on which to sustain our profitability. Much of our focus is aimed at expanding margins through several supply chain optimizations now underway." All this effort should “make it possible to achieve non-GAAP profitability by Q4” and “place the company on a much improved financial footing as we enter 2018," he said. 

    Enphase’s third-quarter 2017 guidance calls for revenues between $72 million and $80 million, and GAAP operating expense within a range of $22.5 million to $24.5 million. 

    Enphase’s efforts to turn around its flagging fortunes over the past 12 months have included: a secondary offering of common stock in 2016 that resulted in net proceeds of approximately $16.2 million; a $10 million investment in January from John Doerr, chairman of Kleiner Perkins, and T.J. Rodgers, founder of Cypress Semiconductor and new Enphase board member; net proceeds of approximately $11.3 million under its At Market Issuance Sales Agreement in the first quarter of 2017; and an extension and refinancing of its term loan facility from $25 million to $50 million in February. 

    "This was a solid quarter for a company that needs to hit its cost targets and gain market share,” GTM Research senior analyst Scott Moskowitz noted. “Gross margins rose to within guidance and shipments grew 39 percent quarter-over-quarter.” 

    At the same time, “There are still some broad market risks for Enphase, namely, pricing pressure and uncertainty in the United States market due to the Suniva/SolarWorld Section 201 petition,” he said. “However, the potential challenge from newcomer Huawei has been delayed until at least next year, and ongoing adoption of the 2014 and 2017 versions of the U.S. National Electrical Code has been a boon.”

    “Folks should still pay attention to Enphase's financial status, but it has taken all the necessary -- and painful -- steps to set itself up for a rebound from its recent troubles," Moskowitz said.

    Enphase’s efforts to break into the residential energy storage market, meanwhile, remain challenged by what Garcia characterized as a “fragmented” market with “dozens” of players competing in key markets, such as Australia. The company doesn’t break out energy storage sales, but it certainly hasn't hit its original rosy projections. 


              6 Banking Tips for Millennials        
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              By: glubbster        
    http://www.economist.com/opinion/displaystory.cfm?story_id=12305249 The economics behind this is sound. Government support to the banking system can break the cycle of panic and pessimism that threatens to suck the economy into deep recession. Intervention may help taxpayers, because they are also employees and consumers. Although $700 billion is a lot—about 6% of GDP—some of it will be earned back and it is small compared with the 16% of GDP that banking crises typically swallow and trivial compared with the Depression, when unemployment surged above 20% (compared with 6% now).
              By: jafapete        
    Rex, You come so close. Yes, it is all about stopping the financial system imploding and the credit from drying up altogether. Well, we can expect more bank failures now, and not just in the US. But if we're lucky the collapse of credit won't precipitate a major recession. And we'll get a revised version of the failed plan before too long, as Robert Reich suggests. If we're unlucky... It's not about the fat cats. Or it shouldn't be. But for many ordinary people, the idea that the fat cats would somehow benefit was too much. (Initially at least. Rasmussen reported today that "Opposition to bailout plan falls dramatically".) And there being an election in a couple of months, some congresspersons put their ass before their country. Hell, who do you think found the idea of giving money to the rich most objectionable? The liberals or the people who skew tax-cuts to the super-rich? Okay, there were the Republican Study Committee conservatives who came up with the idea of insuring the toxic debts (mortgage-backed securities not already insured) and somehow magicking away the cost. Note that the proposal was a one-pager. At the end of the day, any banking system collapse requires recapitalization to avoid credit drying up and economic disaster, as studies of similar disasters and responses shows. I personally don't think that buying toxic assets is the best solution, but then, what do you expect from Bush? There are other models, and the best outcome would be for the US legislators to consider some of the others. But quick. And without the spoiler interfering again. gd, Are you suggesting that they ignore the imminent threat of collapse and concentrate on the long-term solution?
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              Proven Way to Lose Weight – Dmitry Terry’s Fat Burning Running?        
    Proven Way to Lose Weight – Dmitry Terry’s Fat Burning Running?
    For nearly people , weight loss is far from easy. Once the torso begins to shop excess torso fatty , it tin post away operate extremely hard to lose it , equally weight gain causes meaning changes to the metabolism that tin post away move hard to reverse.

    As a final result , to a greater extent than than 2 thirds of the USA population is currently dangerously overweight , which contributes to a broad hit of wellness issues.

    One of the psyche reasons for the extremely widespread nature of obesity inwards the USA is the predatory as well as confusing agency inwards which the diet manufacture , which creates to a greater extent than than fifty billion dollars inwards turn a profit annually , promotes ineffective , expensive , as well as ultimately useless fatty loss products.

    There are many dissimilar solutions that hope to furnish tardily weight loss , such equally fatty burning pills , crash diets , as well as juice cleanses , but ultimately none of them are permanent or worthwhile. The rootage campaign of weight gain , equally good equally the subway scheme to losing weight , is uncomplicated thermodynamics.

    When the torso is provided amongst to a greater extent than unloose energy than it needs , it stores the excess equally fat. When the torso is provided amongst less unloose energy than it needs , it harvests the deficit from the fatty stores of the torso , resulting inwards weight loss.

    While nearly dieters endeavour to include weight loss past times providing the torso amongst less unloose energy than it needs via caloric deficit diets , a fatty to a greater extent than effective methods is to operate along to swallow commonly , but growth the daily unloose energy expenditure of the torso amongst physical exercise.

    In add-on to burning fatty , practise has the added bonus of edifice a jibe torso as well as improving health. One of the nearly effective , tardily , as well as fun fatty burning exercises yous tin post away create without expensive gym memberships or dwelling fitness equipment is running.

    Humans are the nearly efficient long distance runners on the planet- including regular cardio as well as running into your lifestyle burns fatty , improves knowledge , protects the torso from cardiovascular affliction , as well as lengthens your lifespan.

    For novel runners , yet , getting started tin post away move hard. Newer runners commonly discovery that they learn tired easily , hurt themselves amongst over preparation or pulled muscles , or experience nauseous.

    One of the best ways of getting started amongst running is to engage a personal trainer , but equally this solution tin post away move expensive as well as fourth dimension consuming , it’s non compatible amongst all lifestyles.

    Influenza A virus subtype H5N1 novel scientifically proven weight loss method is providing novel runners amongst all of the data they bespeak to force past times obstacles as well as overcome the difficulty associated amongst creating a running regime.

    The Proven Way to Lose Weight organisation is a comprehensive running-based fatty burning computer programme that teaches individuals seeking weight loss uncomplicated methods that assist novel runners succeed.

    In this article , we’ll banking firm check out the Proven Way to Lose Weight computer programme as well as discovery out what it includes to assist yous create upward one's heed whether it’s the correct weight loss computer programme for your needs.

    What is Proven Way to Lose Weight?
    The Proven Way to Lose Weight is a revolutionary novel running-based weight loss organisation that provides readers amongst a unique method of running that provides permanent , good for yous , as well as fun weight loss.

    Instead of forcing dieters to follow extremely depression calorie diets , combat amongst nutrient restrictions , or perform deadening repetitive exercises , the Proven Way to Lose Weight computer programme offers a far to a greater extent than efficient alternative.

    By harnessing the natural might of the torso to burn downward fatty past times activating the built-in long distance running capacity inwards the metabolism , the Proven Way to Lose Weight induces a permanent acre of weight loss that creates sustainable long term weight loss without hunger pangs , fatigue , or unwanted side effects.

    How Proven Way to Lose Weight Works
    The Proven Way to Lose Weight presents readers amongst a uncomplicated , step-by-step procedure that volition gradually transform them from a couch white patato to a good for yous , active fitness enthusiast that tin post away easily run a ten-minute mile.

    By explaining the nearly mutual obstacles encountered past times newer runners as well as how to overcome them , the Proven Way to Lose Weight organisation helps ease the reader into the globe of running.

    The computer programme presents tardily to empathise methods that assistance novel runners inwards determining which speed to run at , how long to prepare for , as well as how to laid upward for running.

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    The Proven Way to Lose Weight organisation is a realistic , approachable , no-nonsense organisation of weight loss that helps novel fitness enthusiasts attain their weight loss goals through proven as well as uncomplicated to follow instructions.

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              7 Minute Mindfulness Meditation        
    7 Minute Mindfulness Meditation
    Mindfulness is a major classification of meditation practices , known equally vipassana , or insight meditation. Sometimes exactly called breath centered meditation.  While it is taught inwards diverse ways , depending on your guide or the lineage of the exercise , the exercise e'er has some primary characteristics.  You beingness past times gathering your attending on your breath together with piece of cake motion to a wider together with wider orbit of attending , observation - such equally noticing audio inwards your environment.  When thoughts (or feelings together with sensations) push clit your attending from your breath you lot merely banking concern notation the idea equally best equally you lot tin amongst out judgment together with instead of dialoguing amongst it or next it , you lot gentle relax more.  In add-on , exactly equally audio rises together with falls - you lot relax amongst everything that is inwards the plain of your awareness.  You relax amongst your breath , inwards your laid upwards , equally acquaint equally possible amongst each 2nd equally it’s happening.

    Vipassana , which agency to run into things equally they genuinely are , is i of India’s most ancient techniques of meditation. It was rediscovered past times Gotama Buddha to a greater extent than than 2500 years. It is a non-sectarian technique , which focuses on the deep interconnection betwixt hear together with trunk , which tin last experienced request past times disciplined attending to the physical sensations or actions inwards the body. (Such equally watching your breath rising together with autumn inwards your belly). Through this observation-based , self-exploratory technique the habits together with weather condition that influence one's thoughts , feelings , judgments together with sensations move clear. It becomes easier to notice together with empathise how i grows or regresses , how i produces suffering or frees oneself from suffering. Benefits that chop-chop arise are increased awareness , non-delusion , self-control together with peace. Personally , I honey Vipassana because it is non nearly “rising above” our human experience -- or becoming “enlightened”. Instead , it is a agency to move acquaint , fluid , together with peaceful — inwards our lives together with the populace -- equally it is genuinely happening inwards the moment. I’ve come upwards to believe that “enlightenment” is merely beingness fully acquaint together with open. I hollo back this poetry form past times Thich Nhat Hanh , together with quote from John Kabat-Zinn capture the flavour of Vipassana Meditation: 

    In the Present Moment
    “Our truthful habitation is inwards the acquaint moment. To alive inwards the acquaint 2nd is a miracle. The miracle is non to walk on water. The miracle is to walk on the Green populace inwards the acquaint moment. To appreciate the peace together with the Beauty that are available now. Peace is all around us , In the populace together with inwards nature. And inside us — inwards our bodies together with our spirits. Once nosotros acquire to affect this peace. We volition last healed together with transformed. It is non a affair of faith; It is a affair of practice.”
    — Thich Nhat Han

    Learning to Surf
    “One way to envision how mindfulness industrial plant is to hollo back of the hear equally the surface of a lake or ocean.
    There are e'er waves , sometimes big , sometimes small. Many people hollo back the destination of meditation is to halt the waves together with then that the H2O volition last apartment , peaceful , together with tranquil—but that is non so. The truthful spirit of mindfulness exercise is illustrated past times a poster individual in i trial described to me of a 70-ish yogi , Swami Satchidananda , inwards amount white beard together with flowing robes , atop a surfboard together with riding the waves off a Hawaiian beach. The caption read: “You can’t halt the waves , but you lot tin acquire to surf.”
    — John Kabat-Zinn



              The Gentleman's Guide To Online Dating        
    The Gentleman's Guide To Online Dating
    Like other Love Systems products , The Gentlemen's Guide To Online Dating is a actually professional person in addition to practical resource. Written past times Cajun , it covers the topics of how to run across women via online dating sites , how to usage social networking sites such every bit Facebook for dating , how to usage the telephone to acquire girls to run across upwardly amongst y'all , in addition to how to receive got fun , exciting dates that receive got a high remove a opportunity of ending inwards sex.

    Cajun makes it clear early inwards the mass that online dating should non live on used every bit a substitute for going out in addition to coming together women inwards the existent world. Instead , it should live on used to complement the other areas of your life inwards which y'all run across women.

    While at that topographic point are many dating sites out at that topographic point , the chief i that is used every bit an instance inwards this mass is Plenty Of Fish. It's complimentary to usage in addition to is by in addition to large regarded every bit the biggest online dating site inwards the world. The same principles discussed inwards the mass all the same apply for other sites , but y'all mightiness receive got to brand a few tiddler adjustments depending on the demographics in addition to functions of other sites.

    Setting Up Your Profile
    If y'all desire to receive got whatever success at online dating , the most of import component subdivision is setting upwardly an attractive profile. Cajun points out that the biggest error y'all tin dismiss brand is to accept the whole matter besides seriously , every bit it volition plough women off if they suspect y'all are alone on the site because y'all can't run across women inwards existent life. To counter this , y'all should live on using a lot of sense of humor in addition to your profile should present plenty of personality.

    The foremost matter girls are by in addition to large going to await at on your profile are your pictures , so this is covered inwards depth inwards the book. There is a lot of advice on what to practice to accept the best lineament pictures y'all tin dismiss , which field it has some of import points to consider , is likely overkill for most people. For instance , using professional person cameras in addition to worrying nearly lite filters in addition to unlike lenses is going to require a lot of endeavour for the average person. If y'all desire to popular off this road , that's fine , but most people volition already receive got at to the lowest degree a few photos that volition live on expert plenty to use.

    Cajun also suggests that y'all usage a diversity of unlike photos that reverberate who y'all are. So it's a expert thought to include photos of y'all doing things y'all are passionate nearly , amongst other people , or doing something that shows your attractive traits.

    This is expert advice , every bit it's of import to brand sure y'all stand upwardly out from all the other guys that are messaging women. If y'all receive got generic looking photos of y'all precisely standing inwards forepart of the mirror , at that topographic point is nil at that topographic point to capture her attending on present her who y'all are. Instead , assay in addition to shipping service photos that give her an insight into your life in addition to permit her imagine what it mightiness live on similar if she were dating you.

    Talking About Yourself
    After checking out your photos , the side past times side matter women volition await at is what y'all select to write nearly yourself. Depending on which site y'all usage , at that topographic point volition live on unlike questions to answer or prompts designed to guide y'all on what sort of things y'all should include.
    The advice that Cajun gives on this particular aspect of online dating is amid the best I receive got come upwardly across. He's actually large on showing y'all how to remove attractive traits without looking similar y'all are trying to brag or impress. This is something that the Love Systems fellowship has actually perfected , in addition to it's a actually crucial science to know how to do.

    Where a lot of guys popular off incorrect inwards online dating is trying besides difficult to display their most attractive characteristics , in addition to ultimately plough women off. This mass shows y'all how to accept fifty-fifty the most tedious or dorkiest interests y'all receive got in addition to utter nearly them inwards a agency that makes them appear attractive. When y'all larn how to practice this , you'll live on able to usage it when talking to girls human face upwardly to human face upwardly in addition to non precisely online.

    The other large matter that the mass covers inwards this department is how to include sense of humor inwards your profile. Cajun gives specific examples from his ain dating profile of things he says that acquire inwards obvious he is non taking online dating besides seriously.

    This is of import , every bit if a adult woman reads your profile in addition to doesn't express joy at all , she'll probable assume y'all won't live on able to brand her express joy inwards person. So if your profile is tedious , inwards her heed y'all must live on a tedious person. Your chances of getting a appointment from this signal on are practically non-existent. This mass does a keen project of ensuring y'all never acquire into this position.

    H5N1 caveat worth mentioning is that the thought of non taking online dating besides seriously , is that it is to a greater extent than of a tactic to usage for younger , attractive girls. These girls are unremarkably really social in addition to receive got a lot of options , so y'all desire to communicate y'all are the same.

    If you're interested inwards women who are older in addition to receive got fewer options , chances are they don't receive got the same score of confidence every bit younger women. They mightiness live on on the site because they scrap to run across unmarried guys inwards existent life , in addition to thence they are taking online dating to a greater extent than seriously in addition to looking for a human being who is inwards the same boat every bit they are. If your profile is besides flippant in addition to nonchalant , y'all run the endangerment of scaring them off. So if you're looking to a greater extent than for a serious human relationship , y'all mightiness desire to musical note downwards the indifference in addition to cockiness a tad.

    Sending Messages
    You tin dismiss receive got the most amazing photos in addition to a clever in addition to witty profile gear upwardly , but chances are you're all the same going to receive got to initiate the conversation. Just similar inwards existent life , attractive women are non starved of options online. It's non uncommon for women to acquire dozens , fifty-fifty hundreds , of messages a twenty-four hr menses on complimentary sites similar Plenty Of Fish. As a effect , women oft won't receive got the fourth dimension or the demand to peruse profiles in addition to shipping the foremost message.
    There are some examples hither inwards the mass of what to shipping for your foremost message. The thought is to live on master in addition to evoke an emotional reaction. Some of the examples are non things I would shipping myself , because it doesn't jibe amongst my personality. I'd recommend y'all larn the principles hither in addition to why sure messages piece of job to acquire a response , in addition to so build your own. There's also a bonus booklet included amongst the programme that has fifty-fifty to a greater extent than examples of opening messages.

    There's also examples of how to respond to the messages that y'all acquire , peculiarly when women start testing you. One of Cajun's strengths is his cocky in addition to playful mental attitude , in addition to at that topographic point are some keen examples of it on display here. You'll catch what form of messages y'all should live on sending to popular off along things fun in addition to interesting in addition to headed inwards the direction of a date.

    Social Networking Sites
    There's nearly fifteen pages hither devoted to social networking sites , mainly Facebook. I establish this whole department less relevant , alone because I am non a large user of Facebook. If it's something y'all usage a lot so the data volition likely live on to a greater extent than worthwhile to you.
    Basically at that topographic point are ii ways inwards which y'all would usage Facebook for dating. The foremost agency is y'all run across girls on dating sites , in addition to so add together them to Facebook every bit a agency of making things to a greater extent than personal. The minute agency is y'all message girls straight on Facebook that y'all don't know but would similar to utter to.

    Cajun says that the minute choice is a flake of a long shot , but gives y'all tips on how to assay to practice this anyway. Some of the ideas are quite in-depth in addition to fourth dimension consuming in addition to personally I wouldn't receive got the patience to assay in addition to practice this. But if it's something you're determined to assay so the tactics hither are quite good.

    The other ideas discussed hither are to a greater extent than full general in addition to nearly how to gear upwardly your Facebook page to brand y'all appear every bit attractive to women every bit possible. This includes your photos , your friends , your posts , in addition to the posts others write on your wall.

    I concur amongst pretty much everything he includes hither , although it's non something I've delved into myself. I would state the to a greater extent than y'all are coming together younger women , the to a greater extent than useful this department is going to be. But using Facebook to run across upwardly amongst women y'all run across on online dating sites is non a necessity , in addition to y'all tin dismiss practice precisely fine without it.

    Phone Game
    Before y'all run across upwardly amongst whatever women from dating sites , you're going to demand to speak to them on the telephone or text amongst them first. There is a chapter inwards the mass devoted to this , written past times some other Love Systems teacher , Tenmagnet.
    He references a Love Systems philosophy known every bit the Love Systems triad. While it's non essential to receive got a grasp of this to empathise the content hither , if y'all are interested inwards learning to a greater extent than nearly this , banking company check out our review of their flagship production , Magic Bullets.

    The chief thought hither amongst telephone game is to build comfort so that the daughter won't experience awkward nearly coming together upwardly amongst you. Tenmagnet shares a few examples of things he'll state on the telephone to brand the daughter experience to a greater extent than comfortable , such every bit a elementary flush nearly what he did that day. It's a expert illustration of how y'all tin dismiss accept something quite mundane in addition to utter nearly it inwards a agency that makes it to a greater extent than interesting to women.

    There is also advice on how oft y'all should telephone phone a daughter , depending on unlike circumstances. It's also suggested non to assay in addition to conform a coming together on the foremost telephone phone , but the second. Unfortunately , the chapter precisely ends amongst maxim y'all should conform a coming together on the minute telephone phone , but doesn't give actual advice on the best agency to practice this. This was pretty disappointing that it wasn't covered , every bit it's an expanse that a lot of guys tin dismiss scrap with.

    There is also a bonus chapter past times Keychain , some other Love Systems instructor. It's a actually quick overview of online dating in addition to gives a duo of examples of messages he sends.

    To live on honest , this chapter was so sparse that at that topographic point is piddling to no value inwards it. H5N1 duo of his personal preferences are inwards contradiction to Cajun , which precisely shows at that topographic point is unlike ways to accomplish the same effect depending on your personality. Nothing was covered inwards whatever particular inwards this chapter , so I'm non actually sure what the signal of it was.

    The Question Game
    Something that is hyped upwardly a piddling flake inwards this mass is a routine known every bit the 'question game'. This has been talked nearly earlier past times other good known dating instructors , such every bit Mystery , but is covered inwards a lot of depth here.
    In essence , it precisely involves hollo for a daughter a serial of questions that acquire progressively to a greater extent than sexual , nether the guise that y'all are precisely playing a game. It's a sort of nether the radar approach to acquire into sexual conversations that are designed to arouse the daughter in addition to assistance atomic number 82 things to sex.

    In the mass , Cajun says he has experimented amongst a diversity of questions in addition to tested it to the signal where he has the perfect gild inwards which to inquire sure questions. The destination effect , he claims , is that it leads to sexual practice at the destination of the appointment nearly 80% of the time.

    He also says that y'all could precisely usage this routine on foremost dates for the residuum of your life in addition to never receive got to worry nearly thinking of things to say. While y'all tin dismiss sure play or so amongst this game in addition to assay it out , I'd advise non to popular off overly reliant on a unmarried routine such every bit this i when on dates. Ultimately y'all desire to prepare your skills to the signal where y'all tin dismiss receive got fun , interesting in addition to sexual conversations out on dates without having to usage whatever gimmicks to practice so. But if it helps y'all experience comfortable inwards the starting fourth dimension , it's sure worth giving it a try.

    Cajun's Real Life Examples
    The most valuable component subdivision of the mass is likely where Cajun shows y'all his ain personal dating profile , give-and-take for give-and-take , every bit good every bit message logs of him chatting amongst women online that led to dates or sex.
    He goes into particular nearly why he chose to write sure things on his profile in addition to why it is important. Obviously the thought is non for y'all to re-create this verbatim , but to apply these concepts when constructing your ain profile.

    The chat logs that are included are a keen instance of the type of conversations that create attraction in addition to sexual tension. There's one-half a dozen included , most fairly long , so y'all acquire plenty of examples of actual things to chat nearly online. Most of the examples destination amongst Cajun in addition to the daughter coming together upwardly that nighttime amongst the sole intent to receive got sex. These examples are a keen demonstration of the type of mental attitude y'all should live on trying to prepare when talking to women human face upwardly to human face upwardly also.

    There's also a listing of bullet points at the destination of the mass , which are some quick tips that Cajun has learned subsequently years of online dating. There's expert advice hither , every bit good every bit inwards the Afterword department , which contains some company advice for improving your dating in addition to social life inwards general.


              Abundance        

    People who gush with hope and optimism about the future are few and far between. One of them is Peter Diamandis, a fifty-one year old aerospace engineer and medical doctor, who gives us an upbeat assessment in his book, Abundance: The Future Is Better Than You Think. (1) The key to a prosperous planetary future, according to Diamandis, is to "raise global standards of living," with special focus on the worst off, mainly Africans, whom he calls the "bottom billion." Abundance, he holds, starts with satisfying the basic needs of everyone on the planet, a goal toward which, he claims, significant progress has already begun. While Diamandis expects the developed nations and the U.N. to support the quest for abundance, he argues that three other ingredients are essential.

    The first is Do-It-Yourself "maverick innovators" who relish a challenge and who work in small groups, usually independent of government and universities, to develop technological marvels. Since technology matures exponentially, he argues, it has a "staggering potential" to improve global standards of living. Diamandis gives dozens of examples of Do-It-Yourselfers who have changed the world. For instance, Dean Kamen built a device that purifies water with miniscule amounts of energy; Burt Rutan inaugurated private space travel; Chris Anderson invented the drone; and a small group of friends in California, who dubbed themselves the Homebrew Computer Club, spawned twenty-three companies, including Apple. (2)

    The second is a new breed of wealthy and generous benefactors who are committed to improving the world. Most of them earned fortunes early in life, mainly in computers and mobile phones. He calls them techno-philanthropists. For instance, Bill Gates of Microsoft is spreading a vaccine around the world to combat malaria, and Jeff Skoal of e-Bay has awarded $250 million to eighty-one entrepreneurs working to improve life on five continents. (3)

    The third is significant cash prizes, sponsored by techno-philanthropists, foundations, governments, and corporations, to induce competition among teams of Do-It-Yourselfers to tackle formidable global challenges. Diamandis cites many historical examples of the success of such prizes. For instance, the lure for Charles Lindbergh'sNew YorktoParisflight in 1927 was a $25,000 prize. Diamandis is convinced that such incentives can produce technological breakthroughs to bring the entire world safe water, abundant food, electricity, toilets and sewers, basic health care, housing, education, modern banking and transportation, and hundreds of low-cost products.

    Diamandis's message is refreshing, even inspiring, but he may be written off as a

    modern-day Dr. Pangloss, the pie-in-the-sky optimist in Voltaire's Candide, unless he overcomes a major hurdle - funding. Although his X PRIZE Foundation has attracted sponsors of cash prizes for six projects so far, it hopes to secure funding for more than eighty others. One wonders how much nations stricken with debts and deficits can help. Hopefully, many more of the world's wealthy, including the one-thousand billionaires, will step up to the plate.


     

    1. Free Press, 2012, 386 pages. Steven Kotler, a science journalist, assisted Diamandis with the book, and is listed as a co-author. Diamandis established theInternationalSpaceUniversityto promote space exploration, the X PRIZE Foundation to provide incentives for discoveries that can benefit millions of people, andSingularityUniversityto offer courses, degrees, and conferences about problems facing the world and their potential solutions. He took undergraduate and graduate engineering degrees from MIT and a M.D. from Harvard.
    2. Also, Tony Spear came up with the proposal to use air bags to cushion the landing of an unmanned rover on Mars, which worked, and Craig Venter fully sequenced the human genome in less that one year for less than $100 million. By contrast, the U.S. Government spent ten years and $1.5 billion to do this. Venter is now developing synthetic life that can manufacture ultra-low-cost fuels.
    3. Techno-philanthropists also subsidize dozens of organizations such as Camfed, led by Ann Cotton, which has educated over a quarter million girls in Africa, and the Acumen Fund, led by Jacqueline Novogratz, which has invested $75 million in seventy companies in South Asia andAfricato deliver affordable health care, water, housing, and energy to the poor.

    © 2012 Tom Shipka


              How Do You Solve A Problem Like The British High Street Banks?        
    The banking monopolies here in the UK really bug me.  It’s like mobile phone companies – whichever one you go to they screw you if not one way then another. Not satisifed with causing the near meltdown of the global Western economy, nor forcing the government to invest TRILLIONS (a figure few can actually get […]
              How a cloud provider ensures DR Readiness for its banking customers        
    C-Edge Technologies is a provider of cloud based financial services technology and claims to offer diversified and customized solutions like Core Banking Solutions, Channel Solutions, Compliance Solutions and Payment Solutions. One of C-Edge’s core strength lies in providing Core Banking Services on an innovative Application Service Provider (ASP) model to various Urban, District Cooperative and […]
              John Randolph of Roanoke        

    The recently acquired MHS collection of Shaw-Minturn family papers has received its fair share of well-deserved press, particularly related to the discovery of the famous sword carried by Robert Gould Shaw at the assault on Fort Wagner. I hope to write more about the Shaw letters in a later post. But the collection also contains some interesting papers from the Minturn branch of the family, including letters written by John Randolph (1773-1833) during the last year and a half of his life.

    "John Randolph of Roanoke" (as he is usually known) was a Congressman, minister to Russia, tobacco planter, fiery orator, vehement anti-Federalist, and all-around difficult man to get along with. The seventeen Randolph letters in this collection were written to Fish, Grinnell & Co. of New York, shipping merchants who procured and shipped items for Randolph that he couldn't acquire in Virginia. (Fish, Grinnell & Co. became Grinnell, Minturn & Co. when Robert B. Minturn joined the firm. Robert Gould Shaw's sister married Robert B. Minturn, Jr.)

    In October 1831, when the letters start, Randolph was only 58 but suffered from a variety of physical ailments, including the tuberculosis that would ultimately kill him. His first few letters deal primarily with business matters, but on 9 February 1832, he launched into an angry discourse on banking policy and the upcoming presidential election. A New York newspaper had apparently reported that Randolph's support for Andrew Jackson was wavering.

    I am & ever shall be I hope the friend of Genl. Jackson. But deadly opposed as I am to the Bank of the U.S. I cannot support his ministers [Louis] McLane & [Edward] Livingston who are its warm supporters. I will do nothing & say nothing that can injure his re-election []

    Randolph also had a few choice words for Martin Van Buren and John C. Calhoun (and a bad prediction).

    Neither of them [will] ever be President of the U.S. & Heaven forbid that either ever should be. Although I think the N. Yorker much less objectionable than him of South Carolina, I should be very sorry to see him in an office for which in my poor judgemt. he is unfit, wanting that weight & dignity of character & manners which are more essential than the greatest abilities & which Genl. Washington alone (in my opinion) of all our Presidents possessed.

    One of the issues that got Randolph fired up was the Second Bank of the United States. Jacksonian Democrats believed that a central bank violated state sovereignty and the Constitution. Randolph called it "that knot of brokers in Philada. that levy contributions all around them & leave nothing undone to injure the Trade of New York." But he had confidence in President Jackson. When Congress voted to reauthorize the bank, Randolph reassured Fish & Grinnell that "no Bill re-chartering the present Bank will ever receive Genl. J.'s signature. I have it under his own hand." And he was right--;Jackson vetoed the bill on 10 July 1832.

    However, just four days later, Jackson set in motion the Nullification Crisis by signing the Tariff of 1832. This protectionist tariff and its previous incarnation, the 1828 "Tariff of Abominations," hit Southern states hard. A fed-up South Carolina adopted the Ordinance of Nullification, which declared both tariffs void in the state and threatened secession if the federal government used force to compel compliance. Congress called their bluff and passed a bill authorizing the use of military force in South Carolina.

    Randolph did not support nullification, but he was disappointed with Jackson and sympathetic to South Carolina. "And yet I fear," he wrote, "that the people about the President, taking advantage of his own ferocious passions, and thirst for blood, will precipitate us into a conflict, that must end in ruin, no matter which party gets the upper hand."

    Fortunately South Carolina and the federal government would settle on a compromise tariff that defused the conflict, but Randolph's feelings about the general political situation, combined with his poor health, made him despondent. He wrote on 31 January 1833:

    The springs of life are worn out. Indeed in the abject state of the public mind, there is nothing worth living for. It is a merciful dispensation of providence, that Death can release the captive from the clutches of the Tyrant. [] I could not have believed that the people would so soon have shown themselves unfit for free government. I leave to General Jackson, & the Hartford men, and the ultra federalists and tories and the office-holders & office-seekers their triumph over the liberties of the Country. They will stand damned to everlasting fame.

    Despite his cynicism, Randolph was a very witty correspondent. I like this passage from his 19 July 1832 letter, when he was considering a move to England and ordered a number of supplies.

    After my last, you may well be surprised at the list of articles subjoined, but I have got into the habit of considering myself in a fourfold state - 1. as a dead man, 2. as a living one, 3. as a resident at Roanoke, 4. as residing on the south coast of England [] & I try to provide for each contingency.

    We hope you'll visit the MHS to take a look at the Shaw-Minturn family papers, the Robert Gould Shaw sword, or any of our other terrific resources.


              When Foreclosures Rise 4 Serious Consequences Neighborhoods Face        

    Get A Free Loan Modification Consultation : 1-888-826-3193


    "Foreclosure homes for sale" is not a sign you want to see in your neighborhood -- especially if it's more than one or two. Why? The foreclosure crisis presents problems beyond the Wall Street banking and mortgage mess; it changes the quality of the lives of citizens in normally safe, mainstream neighborhoods.





    Following are four residual effects -- the collateral damage, if you will -- of the foreclosure crisis.





    Fragmented Neighborhoods: One of the advantages of buying a home and putting down roots is that you get to know who your neighbors are. They look out for you and you look out for them. When you go on vacation, there's someone to water your plants, pick up your mail and take care of your dog.





    But when foreclosure homes for sale are occupied by non-owners (eg, renters, squatters, vagrants, Section 8 tenants, etc.), for the most part, it fragments the neighborhood. You don't get a chance to form that all-important bond that makes a "neighbor."





    As noted in the 2002 USA Today article, Rising foreclosures reshaping communities: "As homes fall into foreclosure, a neighborhood frequently turns more transient . . . When investors buy [foreclosed homes] and turn them into rental property, it can be Section 8 (a government rental assistance program). Not that there's anything wrong with that, but folks come in from a different background with different expectations and don't have the means to keep up the place."





    This brings us to the next problem when neighborhoods have to deal with a glut of foreclosure homes for sale . . .





    Feeling Unsafe: One of the most comforting things about living in a neighborhood where most of the homes are owner-occupied is that people stay put. When there's constant turnover, even if there's no actual crime, it's the idea of not knowing who your neighbor is and what they're all about that can make you feel unsafe.





    Again, you don't get a chance to forge that all-important neighbor-to-neighbor bond that homeowners who stay put tend to share.





    Actual Crime: Hand-in-hand with high foreclosure rates tends to be a rise in crime. Although to be fair, this probably has more to do directly with job losses. But it is indirectly related because why do people go into foreclosure in the first place? Because they can't pay their mortgage -- because they lost their job.





    It's a cyclical beast that affects everyone, tearing at the very fabric that makes a neighborhood a neighborhood.





    School Deterioration: Homeowners pay property taxes, which fund a county's school system. When foreclosure homes for sale dominate the market, it means that there's less money being paid into a county's coffers.





    Foreclosure cleaning companies help neighborhoods get back on track by cleaning out foreclosed homes for sale and getting them ready to be sold to new homeowners -- and thereby ending the vicious turnover cycle.


    Help Keep Neighborhoods Safe: Start a foreclosure cleanup business. Get everything you need on how to start a foreclosure cleaning business by logging on to http://Start-a-Foreclosure-Cleanup-Business.com for 200 pages of first-hand information from the owner of a leading foreclosure cleanup company in Atlanta, GA.

    mortgage modification: how does a loan modification work

    mortgage modification: loan modification agreement

    Article Source: www.articlesnatch.com


              Notice of Annual General Meeting        
    Share this: The 31st Annual General Meeting of the Irish Economic Association will be held directly following the Edgeworth Lecture at the Institute of Banking, Dublin, on Friday May 5th 2017 at 17:00.    
              31st Irish Economic Association annual conference        
    Share this: The 31st Annual Irish Economic Association Conference will be held in the Institute of Banking in Dublin on Thursday May 4th and Friday May 5th, 2017. The full programme is available at: http://programme.exordo.com/iea2017/ Registration is now open. Those wishing to register can do so by logging in and following the instructions at: https://iea2017.exordo.com […]
              Irish Economic Association annual conference 2017 call for papers        
    Share this: http://www.iea.ie/ The 31st Annual Irish Economic Association Conference will be held in the Institute of Banking in Dublin on Thursday May 4th and Friday May 5th, 2017. Frank Walsh from the school of economics UCD is the local organiser Conference email: ieaconference2017@gmail.com The ESR guest lecture will be given by Professor Deirdre McCloskey (University of Illinois at Chicago) and the Edgeworth Lecture […]
              à¸›à¸£à¸°à¹‚ยช์ของคอมพิวเตอร์        

     à¸„อมพิวเตอร์กับธุรกิจทั่วไปบริษัททั่วไปมักใช้คอมพิวเตอร์ในงานหลายอย่างซึ่งก่อให้เกิดความสะดวกต่อผู้ใช้และลูกค้าเช่น การพิมพ์ใบสั่งสินค้า การพิมพ์ใบเสร็จ การทำบัญชีลูกค้า การควบคุมสินค้าคงคลัง การจ่ายเงินเดือน การคำนวณค่าแรงพนักงาน การทำบัญชีลูกหนี้เจ้าหนี้
             คอมพิวเตอร์กับธนาคาร
              à¸˜à¸™à¸²à¸„ารพาณิชย์ทั่วไปนำคอมพิวเตอร์ไปใช้ในงานด้านต่าง ๆ เช่น การบริการลูกค้าโดยช่วยด้านการฝาก - ถอนเงินของลูกค้า ทำให้สามารถฝาก - ถอนได้ต่างสาขา โดยเฉพาะอย่างยิ่งการนำระบบการบริการเงินอัตโนมัติหรือเอทีเอ็ม ( Automatic Teller Machine) ซึ่งเป็นระบบ On - line Banking ซึ่งสามารถทำให้ฝาก - ถอนเงินสดได้อย่างรวดเร็ว งานด้านภายในของธนาคารที่จำเป็นต้องนำระบบคอมพิวเตอร์มาช่วยจึงจะทำให้ทำงานได้ตามความต้องการของลูกค้า เช่นการนำข้อมูลเงินฝาก เช่น เลขที่บัญชียอดคงเหลือ ในบัญชี บันทึกไว้ในคอมพิวเตอร์           à¸„อมพิวเตอร์ด้านการแพทย์
              à¸›à¸±à¸ˆà¸ˆà¸¸à¸šà¸±à¸™à¸¡à¸µà¸à¸²à¸£à¸™à¸³à¸„อมพิวเตอร์มาช่วยงานด้านการแพทย์หลายด้าน เริ่มจากการเก็บประวัติคนไข้ ในห้องทดลองประกอบการวินิจฉัยของแพทย์ใช้ในการตรวจเลือด ตรวจปัสสาวะ การผ่าตัดหัวใจ การตรวจสอบห้องพักผู้ป่วยว่าว่างหรือไม่ การควบคุมแสงเลเซอร์ให้เป็นวิถีทางที่ต้องการการเอ็กซ์เรย์ ซึ่งช่วยสร้างภาพหลายมิติ ทำให้การวินิจฉัยโรค และได้ตำแหน่งที่แน่นอนของโรคได้ดีขึ้น โดยเฉพาะการตรวจสมองและเช็คคลื่นหัวใจ
              à¸„อมพิวเตอร์กับการศึกษา
              à¹ƒà¸™à¸›à¸±à¸ˆà¸ˆà¸¸à¸šà¸±à¸™à¹„ด้นำคอมพิวเตอร์เข้ามาช่วยเกี่ยวกับงานวัดผล เช่น การเก็บข้อสอบรวบรวมไว้เป็นธนาคารข้อสอบ และคำตอบในเครื่อง สามารถให้นักศึกษาทำข้อสอบลงเครื่องคอมพิวเตอร์ เมื่อเสร็จแล้วก็สั่งให้คอมพิวเตอร์คำนวณหาผลคะแนนสอบของนักศึกษาได้ทันที การวัดผลวิธีนี้ทำได้อย่างสะดวก รวดเร็ว มีความแม่นยำ นอกจากนี้การใช้คอมพิวเตอร์กับการศึกษา ได้มีบทบาทมากขึ้นเมื่อผู้สอนจะเป็นผู้เริ่มเขียนโปรแกรมเอง โปรแกรมที่ใช้การศึกษาเรียกว่า Computer - Assisted Instruction ( CAI ) โปรแกรมชนิดนี้มีภาพ ข้อความและเสียง ที่ใช้ประกอบการเรียน การวิจัยต่าง ๆ
            à¸„อมพิวเตอร์กับอุตสาหกรรม
              à¸à¸²à¸£à¹ƒà¸Šà¹‰à¸„อมพิวเตอร์ร่วมกับงานอุตสาหกรรม เช่น ควบคุมการให้ส่วนผสม การควบคุมอุณหภูมิช่วยในการประกอบรถยนต์ เป็นต้น มีผลช่วยเพิ่มผลผลิตทางด้านปริมาณ และคุณภาพ รวมทั้งสามารถตรวจสอบคุณภาพของผลิตภัณฑ์ได้
            à¸„อมพิวเตอร์กับการบันเทิง
              à¸à¸²à¸£à¸™à¸³à¸„อมพิวเตอร์ใช้ร่วมกับงานด้านบันเทิงไม่ว่าจะเป็น ด้านภาพยนตร์ การดนตรีการเต้นรำหรือ ทางด้านศิลปะก็ตาม เป็นการปรับปรุงให้ดียิ่งขึ้น เช่น ด้านดนตรี โดยที่มีโปรแกรมใช้ควบคุมเครื่องซินทีไซเซอร์ ( Synthesizer) ผู้ใช้สามารถปรับปรุงเสียงของดนตรีได้ตามต้องการและทำให้มีคุณภาพยิ่งขึ้น การพิมพ์โน๊ตเพลง
            à¸„อมพิวเตอร์กับตลาดหลักทรัพย์
              à¹ƒà¸™à¸à¸²à¸£à¸‹à¸·à¹‰à¸­à¸‚ายหุ้นก็มีการนำระบบคอมพิวเตอร์เข้ามาช่วย เช่น งานทะเบียนหุ้น โดยเก็บรายชื่อผู้ถือหุ้น งานหักบัญชีโอนหุ้นระหว่างสมาชิกในการซื้อขายหุ้นของสมาชิกในแต่ละวัน
            à¸„อมพิวเตอร์กับธุรกิจโรงแรม
              à¸›à¸±à¸ˆà¸ˆà¸¸à¸šà¸±à¸™à¹„ด้มีการนำคอมพิวเตอร์เข้ามาเชื่อมต่อตามจุดบริการต่าง ๆ ของโรงแรม เช่น แผนกต้อนรับ ( Reception ) บาร์ ภัตตาคารในโรงแรม แผนกบริการจองห้องพัก Cashier เป็นต้น ข้อมูลการใช้บริการของลูกค้าในส่วนต่าง ๆ จะถูกเก็บรวบรวมไว้ และเมื่อเวลาลูกค้าต้องการจะออกจากโรงแรม (Check Out) ทางแคชเชียร์ ( Cashier) สามารถรวบรวมค่าใช้จ่ายของลูกค้าว่าไปใช้บริการที่จุดใดบ้างทันที เช่น ใช้บริการค่าห้องพัก ค่าอาหาร ค่าบาร์ ฯลฯ     



              Reply #144        
    SORRY YOU MISSED THAT ONE WPB..

    I HAVE WON ON THAT ONE BEFORE IN NC

    YOU WILL GET EM NEXT TIME I THINK

    YOU ALL WILL GET *1010* OR *1101*

    SOON IM BANKING ON IT
              5 key considerations for effective Mobile Marketing        
    A few weeks ago I attended the Mobile Marketing Association Forum in London. It’s held in various cities across the world, but the London chapter heads up the EMEA market. The two day conference featured professionals not just from various industries – banking, insurance, FMCG, travel – but also from the various areas of the […]
              (USA-CA-Merced) Teller - (Part-time) - Merced, CA        
    As a Teller you will spend each day giving every customer an exceptional experience, working with your branch team to ensure their financial transactions are completed accurately and efficiently. You will also play a key role helping customers understand the technology in the branch and proactively helping them access that technology via multiple self service channels. Additionally, you’ll have an opportunity to create a connection and develop rapport with customers to provide outstanding personalized service in order to understand their most important financial needs, and engage the appropriate team member with the expertise to meet their needs. Tellers who are successful in making referrals may be eligible for monthly incentives. **Desired Skills** + Educate and engage clients on the various technological tools available to them to improve their banking experience. + Demonstrated ability in providing a great customer experience by engaging customers in conversation and educating customers on the various products and services available to them. + Ability to identify client needs and refer to appropriate branch team members. **Qualifications** + Minimum 6 months of customer service experience + High school diploma or GED equivalent + Ability to work a flexible schedule; which may include evening and weekends + Ability to pay close attention to detail and time management + Proven track record of success working well in a team environment + Must be flexible on work location based on branch/market staffing needs JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.
              (USA-CA-Merced) Member Contact Center Representative        
    The ideal candidate is a team player who is kind, caring, courteous, ambitious, and passionate about providing superior service. Responsibilities include answering a high volume of calls, helping members with transactions, questions, product knowledge and troubleshooting online banking related matters. The Member Contact Center Representative has a strong desire to help Patelco members achieve financial success and is committed to offering products and services through assessing needs. + The Member Contact Center Representative’s success is measured by the individual’s ability to achieve key phone performance metrics including schedule adherence, call monitors, member survey results, and support of the contact center achieving service level, abandon rate, and superior service. + Assist members with general inquiries on accounts and loans. + Resolve member issues and concerns. + Collaborate within the MCC and with other departments to answer member questions and resolve issues. + Help members with digital services that may require troubleshooting and research (online banking, mobile banking, and bill payment). + Educate members on digital services enrollment, features and benefits. + Identify needs and offer products and services that improve the financial well-being of our members. + Strong commitment to good attendance and punctuality. + Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union’s policies and procedures. + Perform Other duties and responsibilities as assigned Minimum Qualifications + Have a HS Diploma/GED + Have minimum one year experience in a customer service call center Competencies Required + Have strong customer service skills + Be proficient on PC, MS Office Products, and Email systems + Strong technical skills with troubleshooting and a firm understanding on digital services in the financial industry. + Possess excellent oral and written communication skills + Be detail oriented, a team player, and able to work with little or no supervision + Be committed to the concepts of “team effort” and “quality member service” Patelco Credit Union is an EO Employer - M/ F/ Veteran/ Disability Req No.: 2017-2319 External Company URL: www.patelco.org
              NCFM and NSIM Certifications: Advantage for Graduates of Economics, Commerce, Management and Banking        
    NCFM The role of stock markets and stock exchanges in the economies of current day global trading is enormous. For a vast growing market and econo...
              (USA-CA-Merced) Part-time Teller (20 hrs) - Merced Downtown        
    + **Primary Location:** United States,California,Merced + **Education:** Other + **Job Function:** Sales + **Schedule:** Part-time + **Shift:** Day Job + **Employee Status:** Regular + **Travel Time:** No + **Job ID:** 17040640 **Description** **Position Summary:** The Teller, a critical member of the branch team, helps the branch achieve its sales and service goals. The Teller creates and develops a positive relationship with Citi’s clients and delivers solutions by identifying referral opportunities for new products and services based on the customer's financial goals. The Teller performs efficient and accurate banking transactions while: 1. Communicating clearly with clients 2. Making clients feel appreciated 3. Making it easy to do business with the bank. Position Responsibilities: • Engages the Citi client by welcoming them with a warm friendly smile, pleasant demeanor, using the client name, whenever possible, and thanking them for doing business with Citi • Executes financial transactions in accordance with bank policies and procedures while maintaining an acceptable record in daily drawer balancing • Listens carefully to the client and be willing to assist with any client questions or problems • Makes sure all needs are met before concluding the transaction, making the client feel his/her time is being valued without being rushed • Shows initiative, empathy and proactively to prevent and handle problems • Executes effectively all service and referral routines to deepen client relationships • Adheres to operational controls, including legal, corporate, and regulatory procedures to ensure the safety and security of customer and bank assets • Proactively educates clients on utilizing available access channels (ex: ATM, Online and Telephone Banking) • Continuously learns new and existing products through sales aids (features, benefits, fees, etc.) • Is knowledgeable about the client’s accounts and business with the bank The information listed within this description summary is intended to indicate the general nature and level of work. It is not designed to contain or be interpreted as a comprehensive account of all the responsibilities, and/or minimum qualifications required of an employee assigned to this position. NOTE: You may be required to take a timed online assessment once you complete an online profile. If you need to take the assessment, you will either be directed to do immediately or you will receive an email with instructions on how to access the assessment within the next few days. Please ensure that your email address is accurate on our system, and please note that the assessment invitation may go into your spam folder rather than to your inbox. The assessment will require 45-60 minutes of uninterrupted time to complete **Qualifications** **Education:** High school diploma, GED or equivalent relevant experience (12 months cumulative work experience in a role of similar scope and responsibility) required. **Experience/Skills:** • Open, animated nature, client service orientation and desire to help customers is required • Retail/sales experience preferred • Sales, cashier or other money-handling experience desired • Excellent verbal and written communication skills • Analytical and problem solving skills • Basic computer skills
              PT. Bank Commonwealth        
    PT. Bank Commonwealth is a subsidiary of Commonwealth Bank of Australia Group (CBA Group), the largest bank in Australia and ranked 12 in the world based on market capitalization, Top 12 Safest Banks in the World (Global Finance), and rated AA by S&P, Moody’s and Fitch.
    Now we are looking for young, dynamic, self-motivated and dedicated persons to fill the following positions for its expanding banking operation
    Branch Manager (BM)
    (Jakarta Raya)
    Requirements:
    • Bachelor degree from reputable university
    • Extensive experience and hand on involvement in branch management or team leader
    • Extensive knowledge of the Indonesian branch operation
    • Thorough understanding of variety of banking products
    • Good knowledge of financial industry in general and risk management
    • Positif thinking and strong leadership
    • Good integrity and strong sales driven individual
    • High degree of interpersonal and communication skills

    Please send comprehensive resume along with contact telephone number and recent photograph to:

    databank@commbank.co.id


              India as a career move (spring 2011 update)        
    This is the latest in a series of posts related to career options developing in India which I started putting together for business school students and professionals seeking my advice. Most interesting developments to report on are in venture capital, private equity, investment banking, and entrepreneurship.
              What You Need to Know About FDIC Insurance        

    What You Need to Know About FDIC Insurance

    The Federal Deposit Insurance Corporation, better known as FDIC, is the independent agency of the U.S. government providing deposit insurance to guarantee security and safety to money of depositors of FDIC member banks. Created by the Banking Act of 1933, the Federal Deposit Insurance Corporation (FDIC) was initially a temporary solution to restore stability of banks […]

    The post What You Need to Know About FDIC Insurance appeared first on Go Green Travel Green - Going Green, Living Green and Travel Green


              Senators Request GAO Review of CFIUS Oversight of Foreign Investment in U.S. Real Estate        
    Three senators – Senate Banking Committee Ranking Member Sherrod Brown, Sen. Ron Wyden, ranking member on the Senate Finance Committee, and Sen. Claire McCaskill, ranking member on the Homeland Security and Government Affairs Committee – have asked the Government Accountability Office to investigate how the Committee on Foreign Investment in the United States (CFIUS) examines U.S. real estate... Continue Reading
              Dark Money and the new American politics        


    Last weekend I finished Dark Money by Jane Mayer, which appeared last year.  It was marketed, largely, as a history of the involvement of the fossil fuel magnates Charles and David Koch in American politics over the last few decades, but it is much more than that.  I intend in what follows to summarize what I found in the book, but from a slightly different perspective than Mayer’s, and without much of any attention to the voluminous, and fascinating, personal data that she provides about the Kochs and other financiers of our new “conservative” political movement.  Instead I am going to treat the book as the first draft, as it were, of a genuine political history of the last 40 or 50 years—because it explains more about where we are and how we got here than anything else that I have ever read.   Mayer leads her readers through the story in rough chronological order, and I recommend the book to everyone.  I on the other hand am going to try to identify its major features in an effort to explain how we got to the miserable point at which we find ourselves.

    Charles and David Koch are the most striking example of extraordinarily wealthy Americans who have had an outsized impact on the politics of the last forty years—and whose impact is reaching a new peak right now.  They followed in the footsteps of their father Fred, who in the 1950s was one of the founding members, along with candy manufacturer Robert Welch, of the John Birch Society.  Nothing illustrates what has happened to American politics in my lifetime in more striking fashion than this.  The ideas of the John Birch Society, a group of fanatically anti-government lunatics who in the 1950s identified Dwight D. Eisenhower as a member of the international Communist conspiracy, are now the single most influential set of ideas in American political life. Their main tenets are an unlimited faith in free enterprise and a conviction that government attempts to moderate the negative impacts of capitalism are simply a power grab designed to establish dictatorship.  And because of the success of their political movement, their fortunes have grown by orders of magnitude over the last few decades.

    In addition to the Kochs, the superrich political elite has included John Olin, a chemical manufacturer; Richard Mellon Scaife, a scion of a Pittsburgh family prominent in banking and industry; and Harry Bradley, another Birch Society acolyte who ran the Allen-Bradley Electronics Company in New York.  In the middle of the twentieth century, when marginal income tax rates topped out at 91%, these men had all taken advantage of a provision in the tax code—first used by the Rockefeller family—to create a “philanthropic” foundation to shield substantial portions of their enormous income from taxes.  Unfortunately, the definition of philanthropy has been broad enough to include the subsidy of a particular ideology—and ultimately, direct intervention in politics.  That one tragic flaw in our tax code has reshaped opinion and redistributed power at every level of American government.

                Now I have rarely been impressed by any of the ideas coming out of the new Right during the last few decades, but like many liberal Democrats, I suspect, I have assumed that conservative intellectuals had honestly come by their ideas.  I am not suggesting now that they have lied about them, but Mayer leaves no doubt that the entire new right wing intellectual establishment was created from the ground up by the handful of major benefactors listed above.  Both the American Enterprise Institute and the Heritage Foundation—the two centers of conservative “thought” in Washington—were originally funded largely by Richard Mellon Scaife. The Bradley and Olin Foundations were also powers behind the Heritage Foundation, and the Kochs have been involved as well.  I have always thought of the Cato Institute as a nest of principled libertarians—partly because it tends to oppose foreign interventions—but it turns out to have been started by Charles Koch.  Charles Murray was an unknown writer before the Olin foundation adopted him and subsidized his first book, Losing Ground, arguing that social programs were hurting the poor.  (Spoiled, perhaps, by success, Murray went a bridge too far when he and Richard Herrnstein argued in The Bell Curve that black people were intellectually inferior to whites.)  And I was amazed to learn from Mayer that the Bradley foundation gives four annual awards of $250,000 each to leading conservative journalists, activists, and intellectuals. Winners have included George Will, Charles Krauthammer, Thomas Sowell, Ward Connerly, Heather MacDonald, Shelby Steele, Victor Davis Hanson, John Bolton, William Kristol, Paul Gigot, Michael Barone, Jeb Bush, Harvey Mansfield, Edwin Meese, Roger Ailes of Fox News, General John Keane, and Charles Murray.

    Changing the intellectual climate was step 1 in the program.  Another spectacularly successful front was opened within the American legal system, Started in 1982 with money from the Olin Foundation and affiliates of the Scaifes and the Kochs, the Federalist Society has become a behemoth, an organization of conservative legal thinkers that includes all the conservative members of the US Supreme Court.   That is not all. The Olin Foundation has sponsored two week seminars on Law and Economics for sitting judges, somewhat reminiscent of the seminars drug companies hold for physicians at major resorts.  There they have exposed sitting judges to the evils of regulation and the glories of the free market—and this may explain some of the more extraordinary decisions that federal courts have handed down lately, such as one that limited the legal definition of insider trading to narrowly as to make most prosecutions for it impossible.

    Nor is this all: the foundations have not hesitated to challenge liberal intellectuals in their own presumed stronghold, universities.  Using the irresistible lever of their wealth—which no American university, in this day and age, can resist—they have established beachheads such as the Olin Center at Harvard University (promoting conservative ideas on foreign policy) and several institutes at George Mason University, conveniently located in the Washington suburbs.  These have opened career paths for conservative public policy intellectuals—at the same time that mainstream academic departments have been going in directions largely irrelevant to real politics.

    This vast intellectual infrastructure works in tandem, of course, with the right wing media, led by Fox News and Clear Channel Radio, to shift public opinion on key events.  The alternative media outlets are largely self-financing, of course, but I was very surprised that another key rightwing organization, Freedom Works—funded largely by the Scaife foundation—had paid Glenn Beck more than $1 million a year to allow them to write his monologues.  And this infrastructure has not only convinced many Americans, and probably most better-off Americans, that social programs do more harm than good, but it has also convinced millions that lower taxes on the wealthy increase economic growth—and, critically, created real doubt as to whether man-made global warming exists.  Mayer traces the campaign against global warming effectively.  It employed some of the same personnel and used the same playbook as the tobacco companies’ earlier effort to create doubt as to whether cigarettes caused cancer—but evidently with far more significant results.  (I am leaving out of this essay the names of many key operatives within the network who have organized particular legal, lobbying and electoral campaigns.  They are the battlefield commanders of our new political struggle.)  The intellectual infrastructure also carries out campaigns against academics and journalists who stand in its way—including Mayer herself.

    The other long-running campaign waged by the new right was the attempt to undo a century of regulation of spending on political campaigns. At the dawn of the Progressive Era a consensus emerged that the influence of money on politics had to be restricted, and Watergate had reinforced that lesson. But the counteroffensive against regulation began in the decade after Watergate, won various victories, and culminated in the Citizens United decision, the Kochs’ and their allies’ greatest and perhaps most influential triumph.  The floodgates are now open, and the results are clear for all to see.

    The right wing network gained much power over the Republican Party by 2000 and was rewarded by very friendly Bush Administration policies towards the energy industry, which turned fracking loose and set the US on the path to energy independence.  It could not prevent a groundswell of negative feeling against the Bush Administration in its second term, however, or stop the election of a Democratic Congress and Barack Obama.  But it went into high gear to stop Obama from accomplishing very much.  To begin with, implementing a long standing plan to form a mass base, the Kochs and their allies took advantage of the financial crisis to get the Tea Party movement going in 2009.  Their newly won financial power under Citizens United allowed them to intimidate virtually every Republican Senator and Representative with the threat of primary opposition, bringing them all into line for total opposition to the President. The Kochs now hold seminars every year for Republican officeholders, where they are informed in secret of the party line.   They convinced millions of Americans that the financial crisis was really the fault of the federal government.  When Obama threatened the carried interest tax loophole, their lobbying organizations found new allies among private equity titans and hedge fund managers on Wall Street.  All this enabled the Republicans, backed by this network of plutocrats, to win their extraordinary victory in the 2010 elections.  After redistricting was finished with the help of techniques provided by the same set of conservative donors, the Republicans probably had secured control of the House of Representatives for the rest of this decade.

    The Koch network has also made a huge and successful effort at the state level, making the Democratic Party irrelevant in large parts of the nation.  Originally founded with Scaife money in the 1970s, the American Legislative Exchange Council (ALEC) now writes draft anti-government, pro-business legislation for state legislatures all over the country.  Local Kochs have also sprung up, such as Art Pope, a North Carolina discount store owner who in the last decade has taken over the state Republican Party and orchestrated its (now partial) takeover of the North Carolina state government.  At the national level, ideological loyalties are still strong enough to allow Democratic candidates to win the popular vote in 4 of the last five Presidential elections, but at the local level, in red and some purple states, there is no alternative force that can stand up to the Koch-led network. And the ultraconservative domination of state legislatures poses perhaps the greatest threat to our democracy of all: a constitutional convention called by those legislatures which could rewrite key provisions of the Constitution along more “libertarian” lines.

    Another chapter of this story does not appear in Mayer’s book.  She finished it when Donald Trump’s presidential candidacy had just begun, and he initially exchanged insults with the Kochs, who did not trust him.  Six months into his Administration it seems to represent an unqualified victory.  The Kochs had a long-standing connection to Mike Pence. The DeVos family—the founders of Amway, an organization that has escaped serious legal trouble more than once—has also been a long-standing member of the megadonor network with a particular interest in education, and they have provided Trump with his education secretary.  The EPA and the Department of Energy and firmly in the hands of Koch allies and are now taking the skeptical line on climate change.  New rounds of tax cuts are being prepared.  The Kochs are undoubtedly unhappy about the failure to repeal the ACA, but they now hold more levers of power than they ever did. 

    A political revolution has been in progress for more than four decades, a reaction to the New Deal and the more just society that it created.  Fueled by successive rounds of tax cuts, this revolution has created a tiny group of billionaires that now control most of our political life.  This is way, as a widely cited study by Marin Gilens and Benjamin I. Page discovered, the beliefs of average American citizens and broad-based activist groups on key issues have very little influence on policy outcomes, while the beliefs of interest groups have a great deal. It's also why most Republicans will vote for legislation that will clearly hurt far more of their constituents than it will help. This is, I believe, the new America that our current Fourth Turning has created, and like the Gilded Age, it will not be overturned, in all probability, for a very long time.

              Is Trump really like Andrew Jackson?        
    Andrew Jackson is getting a lot of attention lately, none of it favorable.  Meanwhile, President Trump, while rather vague on certain details of American history, has expressed admiration for him.  And many commentators have argued that they are, in fact, similar in important ways.  All this is hard for me to assimilate, because when I was growing up, Andrew Jackson was something of a liberal hero, if not quite of the stature of Jefferson or Lincoln or FDR.  He believed in more direct democracy, he hated financial privilege, he was supported by a coalition of workers and farmers, and Arthur Schlesinger Jr. had specifically painted him as a kind of prototype for FDR.  Now, of course, we are paying more attention to Jackson's status as a slave owner, and his involvement in the removal of Indian tribes to the west of the Missisippi.  I decided to spend a few minutes to try to rediscover who Jackson actually was--with particular reference to the question of whether he in fact had anythng in common with Donald Trump.

    Neither time nor space permits an exhaustive examination of this question, but it didn't take long to find some interesting excerpts in his lengthy, careful annual messages to Congress.  This one comes from his first, in December 1829--and calls for direct popular election of the President! Here are Jackson's words.


    "To the people belongs the right of electing their Chief Magistrate; it was never designed that their choice should in any case be defeated, either by the intervention of electoral colleges or by the agency confided, under certain contingencies, to the House of Representatives. Experience proves that in proportion as agents to execute the will of the people are multiplied there is danger of their wishes being frustrated. Some may be unfaithful; all are liable to err. So far, therefore, as the people can with convenience speak, it is safer for them to express their own will.

    "The number of aspirants to the Presidency and the diversity of the interests which may influence their claims leave little reason to expect a choice in the first instance, and in that event the election must devolve on the House of Representatives, where it is obvious the will of the people may not be always ascertained, or, if ascertained, may not be regarded. From the mode of voting by States the choice is to be made by 24 votes, and it may often occur that one of these will be controlled by an individual Representative. Honors and offices are at the disposal of the successful candidate. Repeated ballotings may make it apparent that a single individual holds the cast in his hand. May he not be tempted to name his reward? , , ,

    " I would therefore recommend such an amendment of the Constitution as may remove all intermediate agency in the election of the President and Vice-President. The mode may be so regulated as to preserve to each State its present relative weight in the election, and a failure in the first attempt may be provided for by confining the second to a choice between the two highest candidates. In connection with such an amendment it would seem advisable to limit the service of the Chief Magistrate to a single term of either 4 or 6 years. If, however, it should not be adopted, it is worthy of consideration whether a provision disqualifying for office the Representatives in Congress on whom such an election may have devolved would not be proper."

    The abolition of the electoral college has become a favorite liberal demand, all the more so because Jackson's proposal, had it been embodied in the Constitution, would have kept both George W. Bush and Donald Trump out of the White House.  I don't have time to find out exactly how and why Jackson's proposal failed of adoption, but it appears to mark him as a genuine champion of the people's rule, albeit, of course, within the framework of his time, in which women were not allowed to vote and slavery still existed in 15 states.  There is, however, another aspect to this proposal, which casts it in a different light.

    Jackson was in effect complaining that he was only in his first year in the White House instead of his fifth.  The party system had broken down in 1824 and he had run for President against three other candidates from the Democratic Party: William Crawford, John Quincy Adams, and Henry Clay.  Jackson had won the popular vote handily, but he had not won a majority in the electoral college and the election had gone to the House of Representatives.  There he had been bested by Adams, to whom Clay had thrown his support.  Then Adams made the great political blunder of his career by naming Clay Secretary of States, and cries of "corrupt bargain!" rang through the land.  Rather than tweeting that he had been the real winner, Jackson was more discreetly referring to these events in his address.  He may have been a sincere Democrat--but he could also hold a grudge.  Many years later, in retirement, he reportedly said that he had only two regrets--that he had never been able to shoot Henry Clay, or to hang John C. Calhoun.

    A year later, in December 1829, Jackson commented on the quick, nearly bloodless revolution that had replaced the conservative Bourbon monarchy in France with the more liberal and constitutional rule of Louis Philippe.  He put this development in the context of world history, in which the United States was now playing a key role,


    "The important modifications of their Government, effected with so much courage and wisdom by the people of France, afford a happy presage of their future course, and have naturally elicited from the kindred feelings of this nation that spontaneous and universal burst of applause in which you have participated. In congratulating you, my fellow citizens, upon an event so auspicious to the dearest interests of man- kind I do no more than respond to the voice of my country, without transcending in the slightest degree that salutary maxim of the illustrious Washington which enjoins an abstinence from all interference with the internal affairs of other nations. From a people exercising in the most unlimited degree the right of self-government, and enjoying, as derived from this proud characteristic, under the favor of Heaven, much of the happiness with which they are blessed; a people who can point in triumph to their free institutions and challenge comparison with the fruits they bear, as well as with the moderation, intelligence, and energy with which they are administered -- from such a people the deepest sympathy was to be expected in a struggle for the sacred principles of liberty, conducted in a spirit every way worthy of the cause, and crowned by a heroic moderation which has disarmed revolution of its terrors. Not withstanding the strong assurances which the man whom we so sincerely love and justly admire [I do not know to whom this referred] has given to the world of the high character of the present King of the French, and which if sustained to the end will secure to him the proud appellation of Patriot King, it is not in his success, but in that of the great principle which has borne him to the throne -- the paramount authority of the public will -- that the American people rejoice."

    On the eve of his death only four years earlier, Jefferson had reiterated the hope that liberty, as expressed in the Declaration of Independence, would come to the whole world.  Jackson's remarks, praising the French step down this path, were in this tradition.  Two years later Britain also took a small step towards popular rule, when the Reform Act of 1832 became law.  Today our President is also praising a worldwide political trend--but this time the trend is towards authoritarianism, not towards democracy.  The President's long-standing admiration for Vladimir Putin is well known, but in recent weeks he has congratulated the Turkish President Erdogan on a vote that gave him even more power, invited the murderous President Duterte of the Philippines to Washington, and offered to meet with Kim Jong Un.  His Administration shows signs of becoming the first American administration specifically to endorse a trend towards authoritarianism--the opposite of what Jackson and other 19th century Presidents did

    In the same message Jackson mentioned that the government had had to put down a rebellion, or independence movement, among the Choctaw and Chickasaw tribes in Alabama and Mississippi, and endorsed their removal to Indian territory in what is now Oklahoma.  But he made no attempt to conceal the hardship involved in these measures, while trying to put them in historical context.

    "Humanity has often wept over the fate of the aborigines of this country, and Philanthropy has been long busily employed in devising means to avert it, but its progress has never for a moment been arrested, and one by one have many powerful tribes disappeared from the earth. To follow to the tomb the last of his race and to tread on the graves of extinct nations excite melancholy reflections. But true philanthropy reconciles the mind to these vicissitudes as it does to the extinction of one generation to make room for another. In the monuments and fortifications of an unknown people, spread over the extensive regions of the West, we behold the memorials of a once powerful race, which was exterminated or has disappeared to make room for the existing savage tribes. [He appears to be referring here to the Mound Builders.] Nor is there any thing in this which, upon a comprehensive view of the general interests of the human race, is to be regretted. Philanthropy could not wish to see this continent restored to the condition in which it was found by our forefathers. What good man would prefer a country covered with forests and ranged by a few thousand savages to our extensive Republic, studded with cities, towns, and prosperous farms, embellished with all the improvements which art can devise or industry execute, occupied by more than 12,000,000 happy people, and filled with all the blessings of liberty, civilization, and religion?

    "The present policy of the Government is but a continuation of the same progressive change by a milder process. The tribes which occupied the countries now constituting the Eastern States were annihilated or have melted away to make room for the whites. The waves of population and civilization are rolling to the westward, and we now propose to acquire the countries occupied by the red men of the South and West by a fair exchange, and, at the expense of the United States, to send them to a land where their existence may be prolonged and perhaps made perpetual.
    Doubtless it will be painful to leave the graves of their fathers; but what do they more than our ancestors did or than our children are now doing? To better their condition in an unknown land our forefathers left all that was dear in earthly objects. Our children by thousands yearly leave the land of their birth to seek new homes in distant regions. Does Humanity weep at these painful separations from every thing, animate and inanimate, with which the young heart has become entwined? Far from it. It is rather a source of joy that our country affords scope where our young population may range unconstrained in body or in mind, developing the power and faculties of man in their highest perfection."

    Today, our universities have for decades been preoccupied with the faults of western civilization and the injuries that has inflicted upon other regions of the world, with the implication that history's course should certainly be held in place, if not reversed.  And a great many Americans have come to regard their nation's founding and growth as a crime.  I would suggest that it was almost impossible for an American of Jackson's age (born in 1767) to hold that view. They had experienced the Declaration of Independence, the Constitution, the Louisiana Purchase, and the formation of many new states.  They saw all this as a great human experiment in which they were the leading actors. And when Jackson pointed out that Indian civilizations had warred against one another even to the point of extinction before the arrival of the Europeans, he was only speaking the truth. I shall let my readers make their own judgments about Jackson's words and actions, and how they fit into the whole history of the United States.  But I do think today's US citizens might ask themselves if they truly repudiate what our ancestors did in creating the United States as it now is--keeping in mind that so many of us, white, black, brown and yellow, would never have existed had they not done so, since our ancestors would have been so unlikely to have met elsewhere.

    I turn now to Jackson's most famous state paper, his veto of the renewal of the charter of the Bank of the United States in July 1832.  The Bank enjoyed special privileges under the law that created it which turned it into the equivalent of a European central bank, and Jackson complained that it had used those privileges to accumulate enormous power over the banking system, and enormous wealth at the expense of ordinary Americans.  He continued:

    "It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society--the farmers, mechanics, and laborers--who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles."

    It was this message, more than anything else, that established Jackson as the heir to the tradition of both political and economic democracy that was begun by Jefferson and elaborated upon by Wilson,  Franklin Roosevelt, and Lyndon Johnson in the twentieth century.  Today that tradition survives in Bernie Sanders and Elizabeth Warren--but they represent only one wing of the Democratic Party.  Donald Trump, needless to say, is completely outside that tradition and he and the Republicans in Congress want to destroy it.

    It will not have escaped the reader's attention, meanwhile, that Andrew Jackson possessed a command of the English language of which Donald Trump never dreamed, and that he took his duties as President of the world's leading republic with a seriousness of which Trump would never be capable.  It has become fashionable to judge historical figures according to simple, binary moral standards, in which acts that even recognize, much less further, racism or sexism automatically mark men as evil.  I have attempted to suggest that Andrew Jackson is one of many figures from our history to whom these rules do less than justice.  And I have attempted to show clearly that any similarities between Trump and Andrew Jackson are far outweighed by enormous differences of political outlook and goals.








              100 Days        
    Friday will mark the 100th day of the presidency of Donald Trump, and commentators up to and including the President himself are busily marking that milestone.  The idea that a President should accomplish great things during his first 100 days in office goes back, of course, to Franklin Roosevelt, who was sworn in on March 4, 1933, and whose first hundred days therefore extended into the month of June.  To review exactly what FDR did during that extraordinary spring, I turned to one of my favorite childhood books, The American Past, by Roger Butterfield, a beautifully illustrated survey of the nation's history from the Declaration of Independence through Hiroshima--that is, from the first great crisis of our national life through the third one.  Rather than waste time paraphrasing, I shall simply quote.

    "On March 9 Congress met in special session and passed Roosevelt's Emergency Banking Act [declaring a bank holiday to stop a financial collapse] in four hours.  On March 10 he sent up an economy bill to cut federal salaries and veterans' benefits; Congress passed it March 11.  On March 13 Roosevelt asked for legal beer [preliminary to repealing the 18th Amendment], and Congress quickly complied.

    "On March 16 Roosevelt proposed the Agricultural Adjustment Act (AAA), to end farm surpluses [and a catastrophic fall in farm prices] by paying farmers to produce less.  On March 21 he offered his relief program, including the Federal Emergency Relief Administration (FERA), to give $500 million to the states for direct relief; the Civilian Conservation Corps (CCC), to put 250,000 jobless young men to work in the forests at $1 day; and the Public Works Administration (PWA), to lend and spend $3,300 million [sic-$3 billion] for building projects. . . .

    "On March 29 he recommended a Securities and Exchange Commission (SEC) to protect investors against dishonest stock fluctuations.  On April 10 he proposed the Tennessee Valley Authority (TVA).  On April 13 he called for the Home Owners' Loan Corporation (HOLC) to slow down mortgage foreclosures.  On April 20 he took the United States off the gold standard [effectively devaluing the dollar, as the French franc and British pound had already been devalued.]  On May 17 he asked Congress for the biggest New Deal agency of all--the National Recovery Administration (NRA)--to put industry under self-imposed 'codes of fair competition' [and recognize the right of labor to organize for the first time.\ In June he accepted a Congressional plan for the Federal Deposit Insurance Corporation (FDIC) to insure all bank deposits up to $5,000 [the Glass-Steagall Act.] On June 16, exactly 100 days after Congress convened, all of these measures (and many more) had been enacted."

    Wow.

    The GI generation ranged in age from 8 to 29 during this frenzy of activity, much of which was designed either to give them immediate help in the form of a job or public assistance (the PWA, the CCC, and the FERA), or to protect them against the financial catastrophes that had struck their parents (the FDIC, the AAA, and the SEC.)  This was only the beginning of the most extraordinary period in the history of American government, which extended all the way through the Second World War.  By the time that war was over the GIs ranged in age from 21 to 41, and it is no accident, obviously, that for the rest of their lives they respected what the federal government could do and looked to it for security and, when necessary, assistance.  Today, the GIs range in age from 92 on up, and their influence, sadly, is at an end.

    This unbelievable flurry of activity had short- and long-term roots. In the short run, the economic catastrophe of the Great Depression had left 25% of the population unemployed and was now collapsing the entire banking system.  As a result, Roosevelt had won the 1932 election by a landslide and disposed of majorities of  313 to 117 in the House and 60-36 in the Senate.  Moreover, more than a few of the Republican members belonged to that now-extinct species, Republicanus Liberalis, and voted for much of the New Deal legislation.  But one reason so much far-reaching legislation could pass so quickly was that the ideas behind it had been percolating among progressives for decades.  Roosevelt's own Missionary Generation (born 1863-1883) deeply believed in the idea that reason and science could moderate economic injustice, help to plan the economy, and secure a better world.  This was their chance and they took it.  Another reason, as I discovered writing No End Save Victory, was that the Missionary generation had been educated (and educated their juniors) in the economical use of the English language, and these laws were, by contemporary standards, extraordinarily short, simple, and clear.

    Turning to the present, I suspect that many other readers will not have been able to read that list of legislation without noticing how much of it has become a dead letter.  The most notable casualty of our time was the Glass-Steagall Act, which unleashed financial institutions and allowed them to create a new financial catastrophe in 2008.  It has not been restored.  No effective mortgage relief was passed for those who lost their homes in that crisis.  Labor's right to organize has been under attack for decades and the percentage of unionized workers has been cut more than in half.  The family farmers whom the AAA was passed to help have become a politically insignificant fragment of the population.  We no longer seem to want more of the public power that the TVA provided.  We have nothing like the PWA, and eight years ago, at the height of the new economic crisis, Governor Chris Christie of New Jersey blocked  a third rail tunnel under the Hudson River--a decision that is now having catastrophic consequences for New York commuters.  Nor do we have any national service program comparable to the CCC--instead we force young people to mortgage their futures by taking out student loans.   (My GI parents, by the way, received superb educations at the University of Wisconsin  during the 1930s for about $1000 a year in today's dollars.)

    These changes are not accidental.  The Republican Party has been eagerly unwinding the New Deal since the Reagan era, and the Democratic Party has done very little to stand in the way.  The question before Donald Trump, in fact, is how quickly and exactly how he can finish the job and return us to the free-market economy and concentration of wealth that the nation experienced in the late 19th century.  (Just this morning, a professor at Claremont McKenna University praised the President for trying to take the Republican Party down this path on the op-ed page of the New York Times.)   What has held him back, it seems to me, are two things.  The first is a debate within the Republican Party about how far to go in that direction, which is in turn related to a debate on fiscal responsibility.  A significant number of House Republicans really do not want to increase the federal deficit, which has been a check on plans for new tax cuts.  But yesterday, the Administration marked its first hundred days by unveiling sweeping new tax cuts will balloon the deficit again (as under Nixon, Reagan, and Bush II), claiming that economic growth will provide the lost revenue (as it never does.)  Several prominent Re[publicans immediately fell into line, and Grover Norquist of Americans for Tax Reform--one of the architechts of our new gilded age--went into ecstasy.

    The second obstacle is a different debate about how much crueler it is possible to be to the lower half of the population, much of which voted for Trump.  Because the Administration was unwilling to deprive as many Americans of health care as the Freedom Caucus wanted, they could not repeal the ACA at all.  But the momentum for repeal is far from halted, and that caucus has now produced a version of repeal that they can accept.  This will in any case be less important to our future than the tax plan.

    We live in a destructive rather than a creative period in the history of American government.  Among my own Boom generation who grew up in the world the New Deal created, right wingers have eagerly dismantled it while left wingers, with very rare exceptions, haven't cared.  We have lost the belief in a national mission to plan and create a fair and robust economy.  We have not been able to reach a consensus on immigration, which had already been achieved by essentially blocking itt 1924.  Income inequality has reached the levels of the1920s and our political campaigns are now so expensive that it is easier for the wealthy to control our politicians. The question before us is not whether we can reverse course, but whether the situation can stabilize before even greater inequality and another economic crash make things much worse.  The damage has been done, our legacy has been squandered.  As I argued back in July 2010, Barack Obama lost the last chance to reverse course in the first year of his Administration.  (As if to ram the point home, the press is now reporting that ex-President Obama is about to accept a $400,000 fee for an address on Wall Street.)  A conservative majority now controls the Supreme Court, and is likely to get bigger during the next four years.

    Donald Trump still faces the nation with a crisis because of his manifest incapacity for the biggest job on earth.  The interview he did last week with the Associated Press has gotten remarkably little attention, perhaps because no one wants to face the implications of his incoherent ramblings and unprecedented grandiosity.  He and his team are also threatening us with major wars.  But there have been no 100 days comparable to those of the New Deal because he is not reversing course on economic issues, but rather continuing down the path the country has been on for most of the last 40 years.  Our politics aredominated by corporate power, while the lower economic half of the population has no confidence in the leadership class and has been divided on racial lines.  Yet history suggests that it may still last, in broad lines at least, for many years to come.
              Our new era        
    For the last couple of weeks I have been carrying out an old ambition, to read a 40-year old book by Ernst Nolte, a German historian about Germany and the Cold War.  That historian, a most ambitious if sometimes erratic thinker, begins his tome with more than 150 pages putting the emergence of both the United States and the USSR in the whole context of modern western history.  He also spends some time on the origins of Fascism, about which he had written another book.  Although I do not always agree with his judgments, he gives the kind of extraordinary tour d'horizon that was expected of a great historian during the first two-thirds of the twentieth century.  I cannot read the book today without an acute sense that that whole tradition is dead.  But more importantly, the world that it described has also died.  My own adult lifetime, spanning the last half-century, has seen the end of an era in which western peoples and states counted on the political arena to create a better world.  And the frightening consequences of that era are all over today's news, and may well dominate the news for the rest of my life.

    The new era may be said to have begun in the late 18th century with the American and French Revolutions.  Those two fraternal twin children of the Enlightenment claimed to use reason and human science to design a fairer and better world.  Both promulgated declarations of rights and set up some kind of democracy.  The American experiment progressed rather steadily, while the French one immediately emerged as the first great example of the dangers of Enlightenment principles, which could provide excellent excuses for terror and dictatorship.  The crisis of the late 18th century actually led to a swing away from democratic principles in Britain and much of Europe, but they steadily gained ground during the 19th century.  But the intellectual and political world were transformed starting around 1900 by the rise of socialism, the progressive reaction to the consequences of industrialization in the US and elsewhere, and then, the catastrophe of the First World War.

    The Communist victory in Russia resulted in large part from the First World War, establishing a theoretically Utopian state within one of the largest countries on earth.  Five years later, Fascism--to some extent a response to Communism--took over in Italy, and in 1933 Hitler came to power in Germany.  All three of these new regimes rejected democracy as it evolved in the West and became single-party states. While Mussolini's actual impact on Italy was relatively modest until the Second World War, both Stalin and Hitler embarked upon extraordinary redesigns of their societies, economy and culture, based on very specific visions of a great future to come.  They also vastly strengthened their militaries.

    Yet in the long run the most important impact of Communism and Fascism was the response in the West, and particularly in the United States.  Franklin Roosevelt also recognized the need to transform the role of the state, and to redesign the American economy and society, albeit within the framework of American democracy.  He came into office proclaiming that false values--a devotion to money above all else--had led the United States into Depression.  He held out the vision of an America that would restrict the dangerous excesses of capitalism (for instance, by separating commercial and investment banking), and guarantee economic security for all.  And when the world war broke out in the late 1939, and especially after the fall of France in 1940, he was determined, as I showed in No End Save Victory, to build a military that could allow his idea of democracy not only to survive in the US, but to prevail throughout the Americas and if possible, in much of Europe and even Asia as well.  He succeeded in that goal, committing both the US and the world to his four freedoms: freedom of speech, freedom of religion, freedom from want and freedom from fear.  In the postwar period the essential philosophy of the New Deal became the basis for the new welfare states all over Western Europe and even in Japan. 

    The Cold War remained a competition between the US and its allies on the one hand and the Soviet Union on the other, each offering a new and professedly superior way of life.  While American principles prevailed in western Europe, Soviet principles spread through China and into Korea and Vietnam.  Colonialism rapidly came to an end, and in one way or another most of the leaders of newly independent states were also committed to the goals of political rights and economic justice for their peoples.  And depending on their right, center or left orientation, they could count on some assistance from Washington or Moscow to achieve at least stability within their realms.

    It is in this perspective that the collapse of Communism in 1989 takes on a whole new meaning.  While it appeared to represent the triumph of the west, now, almost thirty years later, it clearly marked the beginning of the end of the era which I have been describing.  The Cold War had forced both sides to claim that they were working for the interests of the peoples of their nation and of the world.  When it came to an end, governments lost the best of their mission.  All over the world, they have become increasingly beholden to economic interests.  It is not a coincidence, I suspect, that that trend has been most striking in Russia and the US, the two leading contestants in the Cold War.  Oligarchies rule them both now, and neither, to be blunt, offers the world a model which any nation ambitious for civic virtue or economic justice could want to emulate.  They are still setting an example, but a very different one.

    And for this reason, I would suggest, the international customary law that grew up during the second half of the twentieth century and at least partially restrained the cruel excesses of states has broken down.  The President of the Philippines has unleashed a campaign of terror against his people, killing drug dealers and even users without trial.  Turkey has metamorphosed from the most westernized state in the Muslim world into an authoritarian dictatorship that relies largely on religion and has locked up tens of thousands of citizens, like the totalitarian regimes of the 1930s.  Venezuela is abandoning the last vestiges of its democracy.  And in the midst of all this, the Trump Administration is backing rapidly away from the United States' role as a monitor of international human rights.  Secretary Tillerson skipped his department's annual human rights observance, and has now approved arms sales to Bahrain that had previously been blocked on human rights grounds.  At the risk of shocking many readers, I must admit that I have always been skeptical about our government's role as a human rights enforcer.  While I applaud the efforts of private groups like Amnesty International to fight abuses, it seems to me that our government's attempts to do the same inevitably result in hypocrisy and often do more harm than good for the people we are trying to help.  The best way for us to promote human rights or economic justice is the way that we did so from about 1933 through 1965 or so: to promote those things at home.  But without a Cold War, we do not even worry that we have one of the largest prison populations in the world.

    More than 10 years ago, when it was becoming clear to me where the US was repudiating the best traditions of mid-century politics, I gave a talk in Berlin, and suggested that it would perhaps be up to the Europeans to stand up for the principles they had shared with us in the postwar era.  Sadly, that has not really happened either.  Although Angela Merkel has remained an aggressive defender of human rights, she is also complicit in the austerity policies that have helped cripple many major and lesser European economies, and the politics of the various European nations are even more fragmented than our own.  Global warming looms as the one element of our future that might force the world into a rebirth of strong institutions in order to make sure that our civilization survives.  That is almost exactly what happened in the first half of the twentieth century.  For a long time I was please that I would not, apparently, have to live through a crisis comparable to the Second World War.  I still would not want to repeat it, but I see now that its terror, loss of life, and great crimes were linked, in a sense, to the great political achivements of that era that gave me and my contemporaries the world in which we grew up.



              PART 3: THE GOOD BUSINESS + SOCIAL DESIGN REVOLUTION        
    Roshan, a telecom rebuilding a war-torn country Afghanistan’s leading telecommunications provider utilizes social innovation to strengthen the company and enrich society. Roshan has revolutionized the telecommunications and banking sectors while working to promote the infrastructure of a torn country and creating social value through nation-building. In 2003 when Roshan was launched, Afghanistan was characterized by
              There Is No Excuse For Janet Yellen's Complacency        
    Janet Yellen said in London yesterday that “she does not believe that there will be a run on the banking system at least as long as she lives”
              All in the Family: Siblings, Caregiving and Money        
    Nearly everyone with siblings probably experienced some degree of sibling rivalry as kids. And now, many adult siblings are facing a new challenge – how to become united for the sake of their aging parents. As brothers and sisters confront their parents’ declining health, financial and emotional stress and differences in personality can cause old stereotypes, jealousies or resentments to resurface. Since different siblings’ financial circumstances and knowledge can vary widely in adulthood, family money issues can be an unexpectedly difficult part of caregiving. If your parents are experiencing health issues, it’s important to figure out how you can put any differences – financial or otherwise – aside to work toward the common goal of caring for your mom or dad. Here are some tips to help you and your siblings (or other caregivers for your parents) manage the financial aspect of caregiving together. (MORE: Four Typical Holiday Money Fights–And How to Avoid Them) 1. Assign a primary coordinator for financial tasks. It’s easy to streamline tasks when one person is accountable for managing the finances, but keep in mind that others should be informed and involved in financial decisions. Have an open conversation about who will do what, when and what support will be needed from others. Be precise about who is responsible for financial tasks. For example, specify who will tackle bills, day to day banking, investments, insurance and taxes. And don’t wait until the last minute-having a clear plan with the roles and responsibilities of each sibling determined ahead of time can be helpful as your parent’s situation changes or worsens. 2. Be aware of differences in money styles. Keep in mind that everyone has different attitudes towards money and money habits. For example, one sibling may work to determine the most cost-effective way to help in caregiving duties while another may splurge on services that your parents don’t necessarily want or need. Make sure you have a comprehensive idea of your parents’ current financial situation before you begin discussing and making decisions with family members and caregivers. Having
              1st Mariner Named One of the Best in Business Banking        

    Best in Business Banking

    We’re excited to announce that 1st Mariner was named one of the Best in Business Banking in The Daily Record's 2017 Reader Rankings Awards.

    The Daily Record is Maryland’s trusted source for business and legal news. Its Reader Rankings Awards gives readers the chance to spotlight their favorite businesses. The online survey was designed to seek the best of the best in 10 categories, ranging from real estate to higher education.

    “As Maryland’s premier community bank, we pride ourselves on supporting the financial needs of local families, businesses and individuals,” said Rob Kunisch, CEO of 1st Mariner Bank. “We’re thrilled to see our reputable service recognized by the readers of The Daily Record.”

    Thank you for voting us top three in business banking. 


              Rob Kunisch Named CEO of 1st Mariner Bank        

    We're proud to announce that Rob Kunisch was recently named Chief Executive Officer of 1st Mariner Bank. Jack Steil, our former CEO, will continue to serve as Chairman of the Board, with a focus on developing the bank’s commercial lenders and cultivating new business opportunities.

     As Chief Executive Officer, Kunisch will work to expand 1st Mariner’s role as a leading community bank that supports the financial needs of local families, businesses and individuals. Gary Rever will assume Kunisch’s former role of Chief Operating Officer in addition to his current responsibilities as Chief Financial Officer. Randy Jones will continue to serve as Chief Credit Officer.

    “In the three years since 1st Mariner’s recapitalization, we’ve made tremendous strides towards building the local, community bank we envisioned,” said Steil. “As part of our original strategic plan for rebuilding the bank, these changes are a natural transition and mark an important opportunity for all of our executive leaders to concentrate on targeted growth across all lines of business.”

    With more than 30 years of Baltimore banking experience, Kunisch most recently served as 1st Mariner’s President and Chief Operating Officer. Before joining 1st Mariner, Kunisch served as president of Wilmington Trust FSB, Maryland. He spent most his career (1990-2007) with Mercantile-Safe Deposit & Trust Company and its acquirer, PNC. He held various positions throughout the organization including credit administration, loan review, workout, correspondent banking and commercial lending.

    A Baltimore native, Kunisch holds an MBA from the Sellinger School of Business and Management, Loyola University, Baltimore, Maryland and a BA from Providence College, Providence, Rhode Island.

    Blog Category: 

              New 1st Mariner Card Designs Are Here        

    Want add a little local flair to your next debit card transaction? Now customers are able to select from three new 1st Mariner Debit Card designs to go with their new personal and business checking accounts. Whether you want to sport your Maryland Pride and unleash the power of our beloved Maryland Flag as you shop, show your love for our great city, or take the more traditional approach, we have an option for you.

    Here are the new options:

     

    New Look, Same Great Benefits...Instantly 

    Customers will enjoy all the same great benefits of their existing debit card including the convience of Instant Issue. With 1st Mariner's Instant Issue, all debit cards are ready to use the second you walk out of the branch.  No waiting for the mail. No calling to activiate. No worries. 

    Stopy by any of our 14 branches to get your new design today.*


              Mobile Banking Security Update - 3-26-17        

    In order to align with industry best practices for security and data integrity, effective Sunday, March 26, 2017, we will be upgrading our Transport Layer Security (TLS) protocol standards within our Mobile Banking App.  

    What does this mean and how could I be impacted?

    A Transport Layer Security (TLS) is a protocol that provides privacy and data integrity between two communicating applications and is the most widely deployed security protocol used today. 

    Mobile users who are on older Mobile Operating Systems (OS) will get a connection error when attempting to access Mobile Banking after this Sunday, March 26, 2017.

    How can I avoid a service disruption?

    Please make sure you are using the most current Mobile Operating System on your device to avoid a disruption of service.

    Android™ users with devices on Android KitKat (Level 20) and above will be able to connect without encountering issues.

    How do I tell what Android version I'm on?

    A. Open your device 'Settings'.
    B. Tap 'About Phone' or 'About Device'. 
    C. Tap 'Android Version' to display your current version information. 

    If the version that you are currently running is below KitKat Level 20, you'll need to complete a software update. Software updates can be found under 'About Phone' and then 'System updates'.

    iPhone® users with devices on iOS 8 and above will be able to connect without encountering issues.

    How do I tell what iOS version I'm on?

    A. Locate the 'Settings' icon on your home screen.
    B. Tap 'General' and then 'About'. 
    C. Scroll down until you locate 'Version'. 

    If the version that you are currently running is below iOS 8.0, you'll need to complete a software update. Software updates can be found under the 'General' section of your settings.

    Why is this happening?

    At 1st Mariner, your protection is #1. We are committed to protecting our customers by continually improving our security measures and ensuring that we utilize the latest security protocol.

    Blog Category: 

              1st Mariner Bank launches new suite of business and personal checking products        

    Today we officially announced the launch of our new suite of personal and business checking products. The new product offerings provide an increased level of convenience and flexibility for consumers’ modern checking needs. Many of the new product and service features are free to customers. 

    In an effort to simplify banking for consumers, we've eliminated unnecessary fees that often serve as an initiation and maintenance barrier to account holders.  Our new products also forgo using any complicated marketing-driven names to make the operation of each product clear to the individual or business owner.

    “We’ve evolved our offerings to provide a diverse array of products at an even more competitive rate for both individuals and business leaders,” said Rob Kunisch, President and Chief Operating Officer. “We’ve removed unnecessary fees across accounts so that our customers can put more of their own capital towards better supporting their businesses and personal financial goals.”

    Our new personal checking suite offers a free personal checking account with no minimum balance or monthly service charge, premium and direct interest checking, as well as interest checking for those over 50 years old

    The contemporary business checking offerings include commercial checking in addition to a new business interest checking product and free business checking. The new free business checking boasts 1,000 free monthly transaction items, topping the former generation of the product, which tiered offerings of 50, 200 and 300 free transactions.

    Every new personal and business checking accounts include several features free of charge to customers including, a VISA®Debit Card with Instant Issue, access to more than 25,000 1st Mariner and MoneyPass®ATMs nationwide, Apple PayTM , online banking, online check images, bill pay, paperless statements, and a ‘thank you’ gift. Personal checking accounts offer free mobile banking, mobile deposit and savings transfer as well.


              I Do...But Maybe I Don't Want to Share My Money        

    Combining Finances in Marriage

    So you've decided to take the plunge and get married! You may be perfectly willing to share your hopes, dreams, living space and deepest, darkest secrets with your soon-to-be spouse…but sharing your money? If you are like many couples, no matter how long you have been in a relationship and how well you know each other’s likes, dislikes and quirky habits, your finances may have remained fairly private from one another.

    Traditionally, when couples get married they immediately combine all of their money into joint accounts. However, we’ve all heard some statistic or another about the correlation between finances and divorce. That’s not to say that immediately combining all of your assets into joint accounts is always a bad decision; it’s simply not the only choice out there.

    If you’d like to join accounts but are reluctant to go all in when it comes to your money, here are a few options that modern couples are opting for these days.

    Divvy Up the Bills

    Using this method, you and your significant other would compile a list of all of your bills and split them up however it makes sense. For example, if one person likes to crank up the AC, that person might take control of the electric bill. Or if one person insists on getting a large cable package with all of the premium channels, it might make sense for that person to be in charge of paying the cable bill. This is a great way to be able to enjoy your indulgences without your partner nagging you about the bill.

    The “Divvy Up the Bills” method is also great for people who enter into a marriage with debt. Being in charge of your own car payments or your own student loans is a good way to avoid arguments or resentment.

    Separate but Equal

    In the “Separate but Equal” model, you have one joint account and two separate accounts. Add up all your bills, split the total evenly down the middle, and both partners contribute that amount equally. The rest of your income is yours to spend, save or do whatever you want with.

    This method is good for independent couples in which both partners make a decent living and want to be able to use their hard-earned income however they choose. It helps avoid feelings of dependence or control.

    Separate Accounts in Marriage

    Equal Slice of Pie

    This method is similar to the “Separate but Equal” approach in that you have one joint account for bills and two separate accounts for everything else. The difference is that instead of contributing an equal dollar amount to the joint account, each person contributes a certain percentage of his/her income.

    This is a good method for couples in which one person makes significantly more money than the other. That person might want to enjoy a nicer lifestyle than his/her partner would be able to afford without assistance. This gives both partners a fair way to contribute to the bills and still have some money left over.

    The Imaginary Salary

    Remember our blog post about the imaginary mortgage? (Quick recap – you “pretend” you are paying a mortgage on a home that you do not yet own as a way of preparing yourself for the monthly payments to come while saving up for a down payment at the same time.) Well, “The Imaginary Salary” is similar. Using this method, the two of you live off of one person’s income and save the other person’s income.

    Besides this being a great way to put away a large sum of money, this method is great for people who plan on living off of one income in the near future. Think about it – how great would it be to stop working and not have to change your lifestyle? This is also a good method for couples in which one person has an inconsistent income.

    These aren’t the only options you have when it comes to combining your finances, and of course you can combine techniques or change your method at any time. As long as you and your partner both agree on a method and are honest with each other, you are off to a great start!

    If you found this article helpful, be sure to check out these related articles:

    Money Management in Your 20s: I Just Graduated from College, Welcome to My Private Jet

    Money in Your 30s: Manage It, Don't Be Managed by It

    The Imaginary Mortgage: Fake It Til You Make It


              4 Things We're Thankful For This Holiday Season        

    1st Mariner Bank Thank YouIt’s that time of year again. The time where friends and family come together to celebrate the many things they are thankful for in their lives.

    Here at 1st Mariner Bank, we consider our customers to be a part of our family and hope that you feel the same. With that being said, we thought we’d share a few things that we’re thankful for this holiday season.

    We’re thankful to serve the Baltimore community.

    For the past 16 years, we’ve had the privilege of serving what we consider the “greatest city in America”. From Canton to Dundalk, to Towson to Glen Burnie, the neighborhoods and sense of community that make up our hometown truly makes the city of Baltimore one of a kind.

    We’re thankful for the flexibility that we’re able to provide our Customers.

    Being a local, community bank, we’re able to provide flexibility to our customers by making accommodations that big banks may not be able to provide. Have an issue or a concern regarding your banking relationship with us? Pick up the phone and give us a call…we’re sure there is something we can do.

    We’re thankful for the 24/7 service that Online Banking and Mobile Money provides our Customers.

    Whether you’re sitting at home on the computer, or enjoying your first pumpkin spiced latte in Canton square, we’re proud to offer our customers numerous convenient ways to monitor and access their money.

    And last, but certainly not least, we’re thankful for our Customers.

    Without you we’d be nothing. Without you there wouldn’t be a 1st Mariner Bank. Everyday we are blown away by your continued loyalty and support. Over the years we’ve developed many personal, meaningful relationships that we hold very closely to our hearts.

    We’d like to sincerely thank you for affording us the privilege and opportunity to serve you.

    Here’s to wishing you and your family a Happy Holiday Season!

    Blog Category: 

              Three Reasons Every Merchant Needs Chip Card Readers        

    3 Reasons Every Merchant Needs Chip Card ReasersAt the supermarket recently, I had the opportunity to chat with the manager. I noticed that the store, part of a regional chain with a huge corporate owner, had not yet installed readers for the increasingly ubiquitous chip-cards, so I asked him why not.                          

    After all, chip cards are meant to protect consumers from fraud. And there’s plenty of evidence that they’re working as intended.

    The manager’s response surprised me. He told me the chain wasn’t worried about the cost of upgrading, but about the prospect of losing business. He explained that transactions take longer with chip card readers. And he worried they’d lose customers if they force people to do that.

    My view is that they’re much more likely to lose customers if they don’t upgrade (more on that in a moment), but the store is far from alone. According to the business management consultants at the Strawhecker Group, only about 29 percent of American merchants were ready for chip cards — also known as EMV cards, which stands for Europay, MasterCard®, and Visa® — as of September.  

    That’s disappointing. Chip cards are our best defense against card fraud. According to the trade newsletter The Nilson Report, U.S. card losses for banks and retailers reached $8.4 billion in 2015. And that number is expected to reach $12 billion by 2020.  

    That’s why a consortium of card issuers, banks, and others developed the EMV standard for cards and readers. These chip-enabled cards, which customers “dip” instead of “swipe,” provide greater security from fraud. That’s because swipe cards create a record that crooks can grab and use to make purchases. “Dipped” cards, on the other hand, create a one-time code that can’t be reused. 

    Europe has been using this technology for a while now, but it really got going in the United States last year. So far, banks have issued about 600 million chip cards to U.S. consumers, according to the U.S. Payments Forum. And starting Oct. 1, 2015, the liability for card fraud at most merchants without chip-card readers shifted from the card’s issuer to the retailers. And many more U.S. merchants will start accepting chip cards by October 2017, when gas stations will start facing those same liabilities. 

    However, many retailers still resist purchasing the upgraded reader. That’s why I want to share with you three reasons why just about every merchant should be chip card-ready: 

    1. Peace of mind for you.

    A store clerk recently told me that she didn’t understand the “hassle” behind chip cards. So I put my banker hat on and explained that the chip-card machine takes the liability off the merchant (her boss) and puts it on Visa® and MasterCard® if there is fraud. It’s as simple as that.

    For those merchants who say, “I never had fraud before,” well, how do you know that? MasterCard® and Visa® were taking it on the nose for you before. They’re not doing that anymore. So if you’re a merchant that hasn’t installed the new card readers, you’re doing yourself a disservice. It’s an easy, inexpensive upgrade that will protect you financially.

    2. Peace of mind for your customers.

    Your customers know that card fraud is happening. They’re seeing odd charges pop up on their credit card statements — and then spending hours on the phone cleaning those messes up. Chip cards reduce the likelihood of fraud significantly — and your customers are learning this.

    You don’t want them to be afraid to use their credit cards in your store. So, being up to date on your POS technology will give them peace of mind as well. You’ll gain their trust.

    3. You'll gain an advantage over your competitors.

    Staying on top of chip card equipment now means you’ll be more comfortable with the next rounds of payments technology — including chip-and-PIN cards (which allow customers to input a number instead of signing), “tap” cards (which allow them to simply tap their card against the reader), and mobile payments. The more forms of technology you’re familiar with and ready for, the more potential customers you’ll have. And that translates into more dollars coming in.

    The Smart Choice

    Card fraud rates are already down thanks to EMV. According to Visa®, chip card-friendly merchants recorded a 47 percent drop in card fraud from May 2015 to May 2016. That shows why every merchant should be installing EMV technology if they haven’t already. Your customers will soon be expecting it — and may choose to patronize someone else if you don’t have it.

    Most community banks, including 1st Mariner Bank, provide merchant processing services. That means they can get you access to industry-leading chip card POS equipment and solutions. To set a retailer up to take EMV cards, we gather information, fill out applications, get everything through the approval process and order and install equipment. And if our equipment doesn’t fit your budget, we can even help you find better deals.

    If you’re ready to get started, or for more information, just contact our business banking services department.

    Blog Category: 

              Banking Kingpin Chase Prepares an ‘Aggressive’ Push for Its Own Digital Wallet        
    By John Stewart Another 800-pound gorilla will soon be promoting a digital wallet, only this time it’s not a technology firm. It’s JPMorgan Chase & Co., a world leader in payment card issuance and merchant acquiring. “We’re launching our own wallet. You’ll be hearing a...
              Online Forex trading platform        

    Online Forex trading platform

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    References


              Lille and Paris candidate cities for the relocation of UK-based European agencies        
    Lille and Paris
    7 August 2017

    Lille and Paris candidate cities for the relocation of UK-based European agencies

    Lille and Paris are bidding to host the new headquarters of the European Medicines Agency (EMA) and European Banking Authority (EBA).
     
    London is currently home to both the EMA and EBA, but after Brexit, these two institutions will have to leave the British capital. Several European cities have thus put themselves forward to host these relocations – Paris and Lille among them.

    Lille and the European Medicines Agency (EMA)

    Lille has submitted an offer to accommodate the new premises of the European Medicines Agency (EMA) in March 2019. The EMA is responsible for the scientific evaluation, supervision and safety monitoring of medicines in the European Union (EU). The European Metropolis and City of Lille, the State and Hauts-de-France Region are delighted to have made an application which meets the selection criteria to a tee. What is more, Lille is ideally located for ensuring staff as smooth a transfer as possible, which will help to guarantee the continuity and scientific quality of the EMA's expertise.

    Paris and the European Banking Authority (EBA)

    Paris is bidding to host the European Banking Authority (EBA), whose role it is to set up a consistent regulatory and supervisory framework across the European banking sector. This application is entirely in keeping with the intention to "make Paris Europe’s leading financial hub after Brexit" (Édouard Philippe, 7 July 2017 at the Monnaie de Paris).

    Upcoming dates

    The European Commission is due to complete its assessment of applications by 30 September 2017. On 20 November 2017, the 27 EU Member States will vote to decide on the future headquarters of the EBA and EMA.
     

              Comment on Those @Demsabroad reiterate their support of #FATCA! Tune in April 26/17 to see how! by Patricia Moon        
    This is a great post! And it is NOT about parties but more, about HARM to Americans abroad. It is hard to imagine that we will witness attacks on witnesses who have been harmed by the undeniably targeted, punitive actions imposed upon them by their own government. Primarily due to, as Professor William Byrnes referred to it as the “draconian non-compliance penalties associated with the insidious ‘FBAR’ (Report of Foreign Bank and Financial Accounts).” While it would probably be too much to hope for, someone might mention the amorality of forcing all of the cost, with no certainty of reciprocity upon the rest of the world. How on earth can that be ignored by the FATCANATICS? The people of other countries, with no ties to the U.S. will pay for FATCA via their bank service charges, etc. The “alien” spouses, children and grandchildren will pay for the misplaced notions of Carl Levin, Max Baucus and most offensive of all perhaps, the disgraced Rep. Charles B Rangel, sanctioned by the Congress for tax evasion. The poorer the country, the more perverse this is. The U.S. making sure everyone “pays their fair share” outweighs anything and everything. And how did they do it? By threats. By asserting power. By telling allies and friends they would withhold 30% of all incoming U.S. funds if they did not comply. A review of some (largely) pre-IGA letters to the IGA reveal how this was viewed by various institutions: Very interesting wording used by former Attorney-Advisor from the Department of Treasury International Tax Counsel Mr. Dirk J.J. Sruinga -from #FATCA W&M Hearings 2009 “The sanction that #FATCA uses to obtain foreign bank account information is a withholding tax imposed on U.S. source investment income…” The Canadian Bankers Association: the following is STILL on their website Toronto, ON, February 5, 2014 – The CBA has been very clear on FATCA (the Foreign Account Tax Compliance Act) from the beginning: while we understand that the U.S. government is attempting to address tax evasion, we have opposed how they are going about it with FATCA. Canada is not a tax haven and Americans do not move here to evade taxation. Despite international opposition, including from Canada, the FATCA implementation deadline remains unchanged, so we have agreed with the federal government that entering into an intergovernmental agreement (IGA) is the best approach under the circumstances. European Banking Federation describes #FATCA 25May 2012 “Coercion: penalizing 30% withholding tax on withholdable pmts….. So my question to the Democrats is, how can you possibly judge the harm FATCA is causing, worldwide, especially to your own countrymen, as being less than the undefined, undocumented amount of tax evasion occurring, primarily by Homelanders, resident in the United States? One could go on and on but how the Democrats feel no shame for this boggles the mind (but not the heart).
              Longchamp Le Pliage Hobo Side Pocket        
    The resources available for intervention went from spending authorizations referred to n. LÄS MORE. Long ago the technology is associated with the Brazilian banking system.. Sampling shall be to operate a balance between generations of professionals, then we ask that part of the resources recovered are reinvested through the Stability Law in support of the … Continue reading Longchamp Le Pliage Hobo Side Pocket
              The World’s First Bitcoin Lawsuit—in the United States?        

    Have you ever received an email that is so fascinating that you have to read it out loud to make sure you that you read it correctly? I received one of those several days ago. The email asked the following question: “This past summer I purchased [factory equipment] in [Country X] with Bitcoin.  I never... Continue Reading

    The post The World’s First Bitcoin Lawsuit—in the United States? appeared first on International Business Law Advisor.


              It's Time to Thrive        

     It's been awhile.  Make that it's been a very long time :-)

    I could give you a slew of reasons and excuses for why I haven't been writing here but that would just be weak.  The two main reasons I haven't been by are (1) I've simply been busy with way too many other things and (2) emotionally, I just haven't felt up to it.

    The latter reason is probably the strongest of the two.  I've often thought about returning here and resuming but when I do, I battle that old feeling and question of "Who really cares about what I have to say?"  My perspective is probably skewed and I'm just way too sensitive but I find it to often be a battle in myself in questioning the apathy in others.

    Then a couple friends of mine basically said "Who cares?  You do.  And that's all that matters.  Keep writing.  Everyone has something to contribute to the world and a passion.  Don't be afraid to put your voice out there and to stand by your own beliefs."

    This was brought even more home to me by the passing of Steve Jobs.  He's had some profound things to say that have always stood out to me.  Allow me to share a favorite of mine:

    "Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition."

    He also often borrowed a famous quote by Jack Kerouac that is something I read often to remind myself that my individuality is something to be celebrated and embraced, not feared or hidden.

    "Here's to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes... the ones who see things differently -- they're not fond of rules... You can quote them, disagree with them, glorify or vilify them, but the only thing you can't do is ignore them because they change things... they push the human race forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think that they can change the world, are the ones who do."

    They are both right on :-)

    How is everyone feeling about the OWS protests that have pretty much gone global?  Personally, I'm a fan.  I think a lot of people appear to be struggling with what this movement is all about because there seems to be as many issues brought up as there are people protesting.

    For me, the core of what people are finally speaking up about is the corruption and greed going on in the financial sector of our country and our government.  For far too long, we've been complacent and have bent over while huge corporations have gotten far too powerful with far too much lobbying (money) spent on politicians to do the corporations' bidding.

    That's my #1 view and opinion of OWS and I wholeheartedly support it.  I also  admire all these people who are out there day in and night out, no matter the weather and no matter how intimidating the police might be behaving in certain cities.  It's about time we have a revolution in this country.  It is my fervent hope that it will ignite much needed change.  After all, I believe it was Jefferson who said "All tyranny needs to gain a foothold is for people of good conscience to remain silent."  The time to be silent is over.

    One of the things I'm going to be doing next week is changing banks.  For over 23 years I have been banking with Bank of America.  My reasons for having stayed this long have been stupidity and laziness.  BOA is a national bank and when I moved to the Midwest from California, it was simply easier to stay with the same bank.  Nowadays, it's gotten much easier to switch banks.

    So after payday this next week, I'm withdrawing everything from my BOA and taking my business to a local credit union.   

    If you are interested in learning more about bank corruption and what you can do to OWS yourself in your own small but significant way, please check out the Thrive Movement.



    They offer a three step guide here to switch banks:  Move your money


    And now a few words from our sponsors, the whales and dolphins.


    One would think that given all the challenges that have been heaped upon the country of Japan in the last year, that killing dolphins and whales wouldn't be such a high priority any more.  Sadly, this is not to be.


    Taiji, Japan continues to be a hotbed for dolphin killers.  


    Japan has allocated over 20 million in Australian dollars to the upcoming whaling season in the Southern Ocean.  They are also currently trying to get approved for 30 million more to have a bodyguard ship escort them down there for the entire season and to "protect" them from the Sea Shepherd activists.   


    Gee.  Maybe it's just me but wouldn't it be a more important to use that $50 million on the country's citizens who have suffered through the tsunami, earthquakes, and nuclear fallout from Fukushima?  I've got to be the planet's biggest idiot for thinking otherwise.  It baffles my mind to see that they care more about KILLING whales and dolphins than they do about taking care of their country.


    Well, that'll do it for now.  This has been long enough for today :-)


    If you are still around and still reading, I thank you and am deeply appreciative of your continuing interest and support!


    Mahalo!


              Solutions IT Designer - TD Bank - Mississauga, ON        
    The Personal Banking, Lending Offers team is seeking an experienced Solutions IT Designer to join our team and lead in design/development of the Capstone...
    From TD Bank - Fri, 14 Jul 2017 22:45:57 GMT - View all Mississauga, ON jobs
              Links of interest         
    1. My latest op/ed: "Adaptation should secure communities, not property"
    2. Peer-to-peer lending (I've had a terrible return from Lending Club) will only get legitimate when it's regulated like banking (there are too many incentives to provide sub-prime information now)
    3. Watch this Vox video on "the high cost of free parking"
    4. Corruption: "How powerful people use criminal-defamation laws to silence their critics"
    5. Recommended: "How to think like an economist"
    6. I'm quoted in "Opponents of California’s Delta Tunnels Project Push Alternative Strategies" (Here's my idea for local self reliance; this paper [pdf] estimates that SoCal could "support itself" without imports.)
    7. "A world of free movement would be $78 trillion richer"
    8. Globally, more people think China is a greater economic power than the US
    9. If electrical utilities like heatwaves, then surely water utilities like water waste
    10. A marketing guy applies economics to real life
    11. Should the Dutch switch to English and drop their mother tongue?
    12. "This paper shows that cheating [on a lab task in India] predicts corrupt behavior by civil servants, implying that it is a meaningful predictor of future corruption. Students who demonstrate pro-social preferences are less likely to prefer government jobs"

              DTNS 3087 – Ransomware Savior Arrested        
    The man who stopped the WannaCry arrested arrested on accusations of building a banking trojan, how to USB charge safely, and Facebook’s fight against falsity. MP3 Using a Screen Reader? Click here Multiple versions (ogg, video etc.) from Archive.org. Please SUBSCRIBE HERE. Follow us on Soundcloud. A special thanks to all our supporters–without you, none … Continue reading DTNS 3087 – Ransomware Savior Arrested
              Senior iOS Developer        
    JOB DESCRIPTION EGS is looking for iOS Developers who possess a passion for pushing mobile technologies to the limits and will work with our team of talented engineers to design and build the next generation of mobile applications. JOB RESPONSIBILITIES Design and build advanced mobile banking/ commerce and other business related…
              3 Interview Questions about the Indian Budget        
    3 Interview Questions about the Indian Budget

    Imagine you go for an interview for an IT job but the interviewer has been reading about the Budget announcement. After asking you technical questions regarding your field he suddenly decides to test your general knowledge. Of course, as a programmer, or a sales person, or a banking executive, or any other professional, you are … Continue reading 3 Interview Questions about the Indian Budget

    The post 3 Interview Questions about the Indian Budget appeared first on MeraJob.in.


              Division of Banks Announces $500K Joint Settlement With Debt Collector        
    Deck: 
    Involved debt collection practices at IQor Holdings Inc. subsidiaries
    Topic: 
    Hub Category: 
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    Boston, MA (August 10, 2017) – The Massachusetts Division of Banks (Division) today announced a joint settlement with financial regulators of four other states and two subsidiaries of IQor Holdings Inc. for their failure to comply with state and federal consumer protection laws related to debt collection practices. The agreement requires corrective actions by the two companies and a settlement payment of $500,000 to be distributed equally among the five states.

    The settlement agreement is the result of a multi-state examination of debt collection practices at Allied Interstate, LLC, and The Receivable Management Services Corporation and its wholly owned subsidiary Receivable Management Services – Recovery Division LLC (RMS). The participating state agencies joining Massachusetts in this effort include the Connecticut Department of Banking, Idaho Department of Finance, Minnesota Department of Commerce, and North Dakota Department of Financial Institutions. The exam review period covered collection activity over a two-year period between February 11, 2013 and February 27, 2015. Additional operations and activities outside this time frame were also considered.

    “Massachusetts residents should take comfort knowing not only that they have rights against egregious debt collection practices, but also that the Division of Banks will not hesitate to use its authority to enforce consumer protection laws and regulations in this arena. This settlement is a clear indication that poor business practice and violations against consumers will not be tolerated in Massachusetts,” said John Chapman, Undersecretary for the Office of Consumer Affairs and Business Regulation.

    “This first of its kind multi-state settlement for improper debt collection practices highlights the collaborative nature of the state regulatory system. Division staff joined forces and resources with other regulators to examine a national debt collector to protect consumers in our home states,” said Massachusetts Commissioner of Banks Terence McGinnis. “This specific examination aimed to determine the companies’ compliance with applicable laws, the financial condition of the company, and supervision controls of licensed debt collection activities. The violations discovered warranted the appropriately significant penalty.”

    Highlights of the agreement include:

    • During October-December 2015, Allied Interstate violated federal and state consumer protection requirements, including the Fair Debt Collection Practices Act, and its own compliance policies that limit contact with third parties or with consumers at their places of employment in an effort to meet revenue goals. Specifically, collection agents were directed to call phone numbers that had previously been marked as “Do Not Call” and to document the accounts “REHAB PUSH” to avoid potential disciplinary action.

     

    • Allied Interstate also engaged in unfair and deceptive practices by failing to promptly credit debtor accounts upon receipt of payment by check.

     

    • Both Allied Interstate and RMS failed to provide timely, full access to all collection records. They also failed to submit complete responses to requested information in a timely manner.

     

    • In addition to the $500,000 settlement payment, the two companies have agreed to reform their debt collection, compliance and financial practices. These reforms include:

     

    • Enhancing oversight and monitoring to ensure an effective compliance management system;
    • Training all management, individual collectors and related support staff about the company’s whistleblower policy;
    • Maintaining an effective compliance audit program to verify adherence to state and federal consumer protection requirements and to identify compliance deficiencies;
    • Ensuring that debt collection operations do not include any unfair, deceptive or abusive practices;
    • Ensuring that debt collection operations do not include harassment of third parties or consumers at their places of employment in an effort to meet revenue goals; and
    • Improving oversight and monitoring of payment processing activity to ensure payments are properly credited to debtor accounts in a timely manner.

    The Division licenses over 400 debt collectors to operate in Massachusetts.  Licensed debt collectors must demonstrate financial responsibility and show they possess the character, reputation, integrity and fitness to engage in the business of a debt collector in an honest, fair, sound, and efficient manner. The Division conducts regular examinations of licensed debt collectors to determine compliance with state and federal consumer protection requirements governing debt collectors, including prohibitions on harassment or abuse; false, deceptive, or misleading representations; third party disclosure; and other unfair practices. 

    In addition to the formal regulatory action reported today, the Division also issues confidential informal regulatory actions to correct non-compliant collection practices, as well as issuing cease directives against unlicensed debt collectors operating in Massachusetts.

    Consumers are encouraged to inform themselves of rules governing third-party debt collection, including many important consumer protections such as the limits on how often and when a collector can contact a debtor. Please refer to the Division of Banks website at www.mass.gov/dob, for additional information including instructions on how to file a complaint and information relative to the license application requirements. Please visit the Division’s Consumer Money Matters webpage for tips to protect consumers from unlawful debt collection practices.

    The Division of Banks is an agency within the Office of Consumer Affairs and Business Regulation which oversees state-chartered banks and credit unions, sales finance companies, check sellers, debt collectors, foreign transmittal agencies, mortgage lenders and brokers. For more information visit the Division’s website at www.mass.gov/dob or contact the Division of Bank’s Consumer Hotline at 1-800-495-BANK (2265). For a complete list of recent Division enforcement actions and related fines, please click here.


              (DF) LV 660 Mln Profit Reported in Banking Sector in H1        
    August 1 (BTA) - During the first half of 2017, the banking sector saw a profit of 660 million leva, according to the central bank. It was 113 million leva (14.6 per cent) lower than this time last year.
               Challenges of bad debts in banking system         
    Quach, Hao (2013) Challenges of bad debts in banking system. Vietnamese Journal of Economics and Development, 194 . pp. 17-24. ISSN 1859-0012
              Top 10s from Robin Morgan - MUST READ!        
    Well if you're not awake this morning already, this one will wake you up. Robin Morgan has a new piece just up (remember Goodbye to All That #2?) over at the Women's Media Center. In "When Sisterhood Is Suicide and Other Late Night Thoughts," Morgan is at her absolute best.

    She begins by offering 10 nice things first, as follows:

    Ten Nice Things to Say About Sarah Palin:

    1. She’s a lifelong NRA member and crack rifle-woman, but hasn’t yet shot a single person in the face.
    2. She’s so unafraid of power that a majority-Republican legislative committee is investigating her abuse of it.
    3. She’s broad-minded, willing to have evolution taught alongside creationism.
    4. She gives “the personal is political” new meaning: Axing the public-safety commissioner for not firing her ex-brother-in-law (Trooper-gate); firing “foes” suspected of “disloyalty” (Library-gate).
    5. She knows how to delegate, involving “First Dude” husband Todd in more governmental decisions than any male politician’s spouse has dared since Hillary tried to give us healthcare in 1993. (First Dude’s defying a subpoena from those meanies mentioned up in #2.)
    6. She has executive experience: As mayor of Wasilla, then-constituency 5,000 souls, she presided over a population almost as vast as that of some urban high-schools.
    7. She’s an existentialist: Bridge-to-Nowhere-gate, Highway-to-Nowhere-gate. She never “focused much on Iraq”—after all, “the war is part of God’s plan”—and she dismisses McCain’s reluctance to drill in the Arctic National Wildlife Refuge as being like “Eastern politicians” about environment. (Check out Wasilla’s dead-Lake-Lucille-gate.)
    8. She brings home the earmarked bacon—plus moose, caribou, wolf, and any other animal stumbling haplessly across her rifle-sight as she leans out of the ‘copter on another heli-hunt. But! Does she rely solely on godless government for her $500 million U.S.-subsidized natural-gas pipeline? No! Last June, at the Pentecostal Assembly of God Church, she declared, “God's will has to be done to get that gas line built!”
    9. She displays refreshing curiosity, as when she asked, “What is it exactly the VP does?” (Don’t scoff: Are you smarter than a 5th grader?)
    10. She’s multi-talented—studied journalism, tried sportscasting, can slickly scan a teleprompter (unlike her running-mate). She’s a jock (Sports-Complex-gate.) She was a beauty queen (as all of McCain’s wives were; how ‘bout that?) She’s patriotic—well, except for attending that secessionist Alaska Independent Party conference during the seven years when First Dude was a party member pulling down DWI convictions on the side. Best of all, she’s a born-again feminist, a “feminist for life.” Which I guess makes me a feminist for death.
    Morgan then offers "Ten Blunt-Crayon Hints for the Media"--including tips like "Do investigate Palin’s opposition to listing polar bears and other animals as endangered. Do not call her one: no chick, bird, kitten, bitch, hen, cow. Also no produce: tomato, peach, etc." And finally shares her list of:

    Ten Reasons You CANNOT Support McCain-Palin

    1. Yourself. Do not cut off your womb to spite the Democrats. (Also do not sit this election out or play write-in-vote games. And tempting though it may seem, do not blow a vote for the Green Party.)
    2. Iraq. McCain’s been a hawk since evolution made raptors.
    3. The Economy. For years McCain chaired the Senate Banking Committee that brought us the current financial meltdown. He opposed the Ledbetter Fair Pay Act, which would have made it easier for women and other workers to pursue pay-discrimination claims. (Come to think of it, why the focus solely on equal pay for equal work? Whatever happened to equal pay for comparable worth?)
    4. The Supreme Court. McCain vows to stack the court with “clones of Alito and Roberts.” There goes . . . well, everything.
    5. Choice. McCain has lodged 125 anti-choice votes. He boasts he’ll overturn Roe v. Wade. And as for the claim that if Roe is overturned it will “merely” throw reproductive rights back to the states, understand that McCain supports a constitutional amendment that would ban abortion outright, nationwide.
    6. Realism. If you’re a young feminist, do not get disillusioned by Obama’s drift to the middle—depressing but standard for winning. Do consider running for office—politics is not a spectator sport. And if you still can’t grasp why older feminists zealously backed HRC, please read Susan Faludi‘s brilliant “Second Place Citizens” for context. It’s crucial.
    7. Old Wounds. Remember that McCain’s answer to a supporter asking him about Hillary, “How do we beat the bitch?” was “Good question!” Remember that at the Sturgis motorcycle rally, McCain mortified his wife by saying she should enter the Topless Miss Buffalo Chip contest. Remember that, responding to a comment Cindy made about his thinning hair, he guffawed, “At least I don’t plaster on makeup like a trollop, you c**t.”
    8. Palin. McCain’s pick of Palin demonstrates contempt for American women and insults the intelligence of anyone who supported Hillary, since Palin is her (melting) polar opposite. It denigrates qualified Republican women (Senators Snow, Collins, Dole, and Hutchinson must be suffering silent apoplexy). It’s actually abuse of Palin herself, a sacrifice tossed to the ravenous fundamentalist base, now the butt of public humiliation for her abysmal lack of qualifications.
    9. Feminism—remember that? McCain-Palin politics are antithetical to every feminist policy most U.S. women support. Palin is an anti-abortion-rights, pro-“abstinence only” enemy of sex education and stem-cell research who denounced as “outrageous” the state supreme court’s decision to strike down Alaska’s parental-consent statute; who believes survivors of sexual assault and incest should be forced to bear the attackers’ fetuses to term; who let Wasilla charge survivors for rape kits and forensic exams; who cut funding for teen-pregnancy services; who stated she’d oppose abortion for her daughters even if they’d been raped; who’s against same-sex marriage (because such love is “curable”) and against gun control—but apparently all for shotgun weddings (poor Bristol’s gonna marry that dork, like it or not).
    10. Settling for Greatness. Sure, we wanted to vote for the right woman. Sure, we’ll have to wait a bit longer for her. Meanwhile, in Obama we can have a chief executive who reflects our politics, and who—especially since he may have both houses of Congress behind him—just might turn out to be one hell of a great president.
    ...and ends with "Five Ways to Still Make History." Read the whole sassy thing, here, and pass it on!
              8/10/2017: REPORT ON BUSINESS: Macquarie boosts Canada coverage        
    Global investment banking and financial services company Macquarie Group Ltd. is expanding its Canadian research division with two hires meant to bring more focus to consumer-sector analysis. Chris Li, who specializes in consumer companies, joins...
              8/10/2017: INTERNATIONAL: Payless in step to become bankruptcy survivor        

    Shoe retailer’s strategy is built on core loyal customers and an emphasis on in-store sales Payless ShoeSource is set to emerge from bankruptcy as soon as this week, one of the largest retail chains to do so, and is banking on a strategy focused...
              They Tell You About The Fees, But Don't Tell You How Much They'll Charge If You Are Late Paying The Money Back.        



    If it goes beyond control and there is no money left, account for at least three months, and aain, the longer the better. You can make the use of these loans to meet several of him and more straightforward & understandable for consumers. Sometimes, I got financial worries when salary distribution they will see that the cash is in their bank account within 24 hours. This can help budget planners of every family live commercial bank lending in peace rather any commitment is made is the research on the deals available.

    For that reason, they are always for relatively small you only borrow what you need, get a cash advance today. This amount is enough to fulfill the daily needs such as home renovation, repairs, or even to pay any type of bills like medical bills, electric bills, grocery store bills gas supply bills, water supply bills. A average finance charge is going to be $15 for each $100 you borrow fast processing of cash and documents payday loans has become an important and popular means for people to deal with urgent financial troubles. These loans are fastest as well as the easiest to rid the UK of the Payday Loan Industry, is the high APR charged by Payday Loan Companies.


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              Everything On The Television, Radio, Internet And Newspaper Pages Must Be Taken With A Grain Of Salt.        

    If 20 sticks is good, then 20 CRATES of dynamite is better So, wanting a second opinion, by an asylum, but because they are unable to return to the workplace. Eating Police Police Fingers Brandon de Leon in Miami the drugs capitol of the world, was led away in and determination of a people in real time was a very emotional and moving moment in world history. ? Cagney buys the New York Times about every second day dead whale had spontaneously exploded, but this was not the case. The Oxford Canadian Dictionary defines news as it would be ineffective as the tide would soon uncover the carcass.

    ?Facebook?s reduction of people to predictively modeled profiles and investment banking?s convolution jual jaket distro before retiring just over a decade ago, she doesn?t own one. An analysis of data from nine studies found that for every 2 cup conditioned by the media, whether it's their blatant intention or not. LAURA INGRAHAM Laura Ingraham, whom I met once, sell information to the world's newspapers The system of transportation through shipping and information gathering and selling were important in helping define what is news and helped pattern the relationships between colonizer and colonized. In 1998, the CEO of Cisco Systems even went further to say that the Internet will have the same world, working all the hours of the day, could not witness all the happenings in the world.

    LAURA INGRAHAM Laura Ingraham, whom I met once, is a second she could have used being an expendable and subjugated beast of burden. The Oxford Canadian Dictionary defines news as and may people turn to both general and targeted media. However, I am concerned that adequate funding is available to pool of magma at depth, the more likely the gas bubbles will be rapidly released upon eruption, and therefore cause a violent effect. Some types can be further sub-categorised, but, for expected volcanoes that are commonly shown in popular movies.


              Banking On It        
    Davenport Bank Apartments
              Delay in resolving NPA affecting banks' lending: Jaitley        
    New Delhi, Aug 10 (IANS) The delay in enacting the Banking Regulation (Amendment) Bill which seeks to empower the Reserve Bank of India to direct lenders to act against big defaulters is hindering the banks’ capacity to support growth, Finance Minister Arun Jaitley said on Thursday. “You ask what is the urgency… it is already ...
              Lowongan Kerja Finance and Accounting Senior Manager        
    Bachelor degree in Accounting7 - 10 years experiences in accountingHaving experience in Banking or Finance Consultant will be an advantage

                      

    From Jenna Orkin

    The Trump-Russia investigation heats up with a call for a grand jury

    Seed: The Untold Story

    The 'hero' hacker who stopped WannaCry was accused of creating the 'Kronos' malware — here's what it is

    China just held a drill to shut down 'harmful' websites as it tightens its grip on the internet

    South Korea's spy agency attempted to rig the 2012 election and is now under investigation
    From the "I'm shocked that there's gambling in this casino" Department.

    Pediatricians are debating whether refusing to vaccinate a child can be construed as 'medical neglect'

    Gulf of Mexico sets a new record for the world's largest 'dead zone'
    Meat industry blamed for largest-ever 'dead zone' in Gulf of Mexico

    Russia Sanctions And The Coming Crackdown On Americans

    Quebec Is "Close To Its Limits" As Refugees Flood Across US-Canada Border

    Trump To Launch Trade War With China On Friday, Beijing Vows Retaliation

    Neuroscientist Shows What Fasting Does To You

    Wikileaks Reveals "Dumbo": Tool That Allows CIA To Shut Down Cameras And Microphones


                      


    From Jenna Orkin

    Browder's Testimony to Congress


    There's a 95% chance the world will warm beyond a crucial tipping point — here's what that means

    Farenheit 104 (40 degrees C). This is a number everyone should know.

    A Brexit exodus may cost London 40,000 investment banking jobs

    British Gas is putting up electricity prices by 12.5% for 3.1 million people

    Homicide rates in America's major cities are on track to break records in 2017

    Trump Saw A Disturbing Video, Then He Shut Down The CIA's Covert Syria Program

    South Korea Is Preparing A "Surgical Strike" Against The North: Report

    Deputy state attorney general arrested for child porn
    Gordon Liddy's son

    Video Shows ICE Agents Telling Mexican Teen to Drink Liquid Meth, Killing Him

              Lowongan Kerja Finance Accounting Staff        
    Candidate must possess at least Bachelor39s Degree in Finance/Accountancy/Banking or equivalent.Max 28 years oldAt least 2 Years of working experience in the related field is required for this position.Required Skills: accounting financial reportingHave good knowledge ...

              Dena Bank Recruitment 2017 | Probationary Officer | All India        

    Dena Bank Recruitment 2017 | Probationary Officer | All India Details of Vacancies: – The Dena bank has released a notification for the recruitment of Probationary Officer (PO). The Dena bank is a reputed banking organization and it’s giving an opportunity of PO in Jr Management Grade Scale-1 Vacancies for PG certificate in Banking and […]

    The post Dena Bank Recruitment 2017 | Probationary Officer | All India appeared first on Jobsplateform - Govt. recruitment Exams Results Updates.


              SBI Officer Recruitment 2017 | Specialized Officer | All India        

    SBI Officer Recruitment 2017 | Specialized Officer | All India Details of Vacancies: – The State Bank of India (SBI) has released a notification for the recruitment of Specialized Officer. The SBI is a reputed government banking organisation. The Eligible Candidate can apply between 24/03/17 to 10/04/17. Other details like age limit, educational qualification are  […]

    The post SBI Officer Recruitment 2017 | Specialized Officer | All India appeared first on Jobsplateform - Govt. recruitment Exams Results Updates.


              Lowongan Kerja Call Center Banking Premier        
    M/F. Maximum 30 years old.Min. S1 and having experience in customer care /call minimum 1 year.Fluent in english is a mustWilling to work on shifting workdays.Good looking and Tidy.Placement Head Office South Jakarta.Employee Status : ...

              Lowongan Kerja Finance Accounting Tax Supervisor         
    Female Max. 35 years oldCandidate must possess at least a Diploma Bachelor's Degree Economics Finance/Accountancy /Banking or equivalent.At least 1 years of working experience in the related field is required for this position Fresh ...

               The impact of organisational culture and structure on CSR and the creation of shared value: a case study of the Co-operative Banking Group         
    Considine, Phil and Hingley, Martin (2013) The impact of organisational culture and structure on CSR and the creation of shared value: a case study of the Co-operative Banking Group. In: Cooperatives during crisis and post-crisis period, June 12th – 15th 2013, Cultural Center, European University, Nicosia, Cyprus.
              Lowongan Kerja Finance Accounting Staff         
    Candidate must possess at least a Bachelor's Degree Finance/Accountancy/Banking or equivalent.Required skills: accounting journal accounting audit Stock Opname Taxation AR APAt least 2 years of working experience in the related field is required for this ...

              Lowongan Kerja Contact Center Agent        
    Pendidikan minimal SMA D3 dan S1 lebih diutamakanFast LearnerGood communication skillComputer LiterateBisa berbahasa Inggris merupakan nilai LebihCustomer service attitudeGroomingResponsiveFamiliar with shuttle travel courier and banking

              Advisory Services Senior - Financial Services - Information Technology Advisory Services - Technology Enablement - Banking & Capital Markets - Alpharetta, GA        
    Advisory Services Senior - Financial Services - Information Technology Advisory Services - Technology Enablement - Banking ... We are the only professional services organization who has a separate ... dedicated exclusively to the financial services marketplace. Join Financial Services (FSO) and you will work ... provide integrated advisory, assurance, tax,..
              Client Services Representative - Teller - La Jolla        
    !*!','Client Services Representative - Teller - La ... is currently seeking a Client Services Representative to perform financial services for new and existing customers. ... California Bank and Trusts Client Services Representative will focus on creating ... staff for additional bank products, services and sales campaigns. Maintain currency ... banking
              Lowongan Kerja Kepala Cabang Multifinance/Leasing Jabodetabek         
    Usia maksimal 38 tahunPendidikan minimal S1Pengalaman sebagai Branch Manager minimal 2 tahun di perusahaan pembiayaan mobil / retail bankingMemiliki pengalaman menangani marketing collection dan kreditMemiliki jiwa enterpreneur Tegas dan Berani mengambil sikap/keputusanBekerja tanpa menghitung waktu

              FICC        

    Dans sa dernière livraison (19 Avril, “The engine of investment banking is spluttering”), The Economist publie un graphique qui remet en perspective les revenues de banque d’investissement avec une décomposition devenue traditionnelle, Advisory (M&A, ECM, DCM), Equity ( Actions ert dérivés), FICC ( Fixed Income, Currencies, Commodities). L’année 2013 avec environ 150 Milliards de USD de Revenus globalement est en léger retrait sur 2012 et au-dessus de 2011, mais très en deca des niveaux atteints en 2009, le sommet « post Lehmann Â».

    Le principal responsable de ces évolutions est la partie FICC, la composante la plus importante des revenus de banque d’investissement, partie FICC qui a baissé en valeur absolue ( de 174 Mds USD en 2009 à 74 Mds USD en 2013), mais aussi en valeur relative, du fait d’une meilleure tenue de l’Equity. FICC est ainsi passé d’un peu plus de 60% du total de revenus de banque d’investissement – sa part historique– à un peu moins de 50%.

    En 2013 les revenus de FICC ont baissé de près de 20% et la tendance est à une nouvelle baisse en 2014.

    Cette tendance, globale, est encore plus marquée en Europe et à Londres, ce qui se traduit par une perte des parts de marché des banques d’investissement européennes..

    La panne du principal engin des banques d’investissement est évidemment problématique et les conduit à s’ajuster en conséquence, avec la question de savoir quelle est la part conjoncturelle dans cette évolution et quelle est la part structurelle, en particulier liée aux nouvelles régulations.

     

              L'Europe bancaire        
    Ce graphique du FT (4 Décembre) indique le poids des actifs bancaires dans les différents pays européens. La France et l'Allemagne ont le même poids en "actifs bancaires" un peu derrière le Royaume Uni et loin devant l'Italie et l'Espagne.
              Head, Internal Audit/Risk Management at Petra Micro-Finance Bank (PMFB)        

    Petra Micro-Finance Bank (PMFB) is fully in the business of rendering micro financial services to all its customers, particularly the active poor. The bank was incorporated in the year 2008, and commenced full banking operation on 22nd May, 2008. The bank has its head office at No. 18 Montgomery Road, Yaba, Lagos. We are recruiting […]

    The post Head, Internal Audit/Risk Management at Petra Micro-Finance Bank (PMFB) appeared first on Career Hob.


              Head, Business Development at a Private Security Services Company – KPMG Nigeria        

    KPMG Nigeria – Our client is a leading indigenous player in the private security services space with clients across various sectors including oil and gas, banking, telecommunications and public sectors. In line with the Company’s desire to ensure that key roles are filled by best in class talent with the requisite skills and experience, the […]

    The post Head, Business Development at a Private Security Services Company – KPMG Nigeria appeared first on Career Hob.


              Les revenus d'Investment Banking en 2012        


    Ce graphique de The Econonomist (voir article en lien) qui reprend des données de la Recherche de la Deutsche Bank met en exergue le trend défavorablement orienté des revenus de l'industrie de l'Investment Banking post Lehmann et après le pic exceptionnel de l'année 2009. Les estimations pour 2012 indique un nouveau recul, qui est plus accusé, en réalité, en Europe, car les statistiques globales sont portées par la meilleure activité en Amérique et en Asie.
    Ceci explique que les Banques d'investissement continuent à revoir à la baisse leur dispositif et également leurs objectifs de ROE comme l'ont fait récemment Barclays et Deutsche Banks qui visent désormais des ROE de l'ordre de 12%, c'est à dire juste au dessus de leur coût du capital.
    En lien :
    http://www.economist.com/node/21562925
              Blog Tour: Dancers and Divas Series        



    Passion and Pain (Dancers and Divas #1) by Kathy Petrakis
    Age Group: Young Adult
    Genre: Contemporary Romance
    Release Date: October 15, 2012
    Buy Links:

    Barnes & Noble
    Amazon

    Book Description:

    Does passion and desire guarantee success? Can friends really be trusted? Can true love be found beneath lust and deceit?

    These are questions tenacious street dancer Elena Martinez faces as she struggles to compete against the most talented students at New York’s top Performing Arts High School. Along with her best friend, the carefree and mischievous Sebastien Duval, they are determined to make center stage.

    But the singing diva Letitia has other plans. Beautiful, talented and popular, her desire for revenge could ruin everything for Elena and Sebastien. Now, they must fight against prejudice, treachery and deceit as Letitia sets out to destroy Elena’s friendships, her romance, her dignity and her dreams. Can Elena win the battle for true love, happiness and success?





    Bittersweet (Dancers and Divas #2) by Kathy Petrakis

    Genre: Contemporary Romance
    Release Date: April 28, 2013
    Buy Links:

    Barnes & Noble
    Amazon

    Book Description:

    Can secrets stay hidden forever? Can people really change? Are some mistakes unforgivable?

    As Elena and Sebastian embark on a fresh start, will Letitia keep his secret, or will she use it to destroy them?
    As Veronika falls in love, Frankie is out of rehab and trying to make amends, but will it last for either of them?
    Meanwhile, as Anya is torn between loyalty to her Nana and love for Darius, could Darius fall for the new temptress, Rosa? With her stunning looks, her powerful, sensual dancing and her desire to seduce, she has everyone nervous but what secret is she hiding?
    Continue the roller-coaster journey with your favorite characters as they try to survive junior year at the country’s top performing arts school.





    Author Bio:

    Kathy Petrakis was born and raised in Sydney Australia by Greek immigrant parents. She always had a passion for the performing arts - dancing, acting and singing but they were hobbies giving way to a traditional professional career in banking. Before this book, her writing was used to entertain friends with her unusual, and often disastrous travel adventures from around the world.

    By the hand of fate, Passion and Pain and Bittersweet were born while living in London, heaven for lovers of the performing arts. After launching Passion and Pain, she returned to Sydney for the launch of the sequel, Bittersweet.

    Where to Find Kathy Petrakis:
    Twitter  
    Facebook   
    Website 
    Goodreads
     
    Excerpt:


    Jay looked at her, impressed. “That was great!” He put it to his music and it fit perfectly. “Sing it with me?”
    Elena gulped but couldn’t refuse. They sang together, though Elena did so very quietly. She had been so engrossed in the song that she had totally forgotten their earlier meeting.
    “You know half of singing is confidence and the other half is emotion,” Jay said, briefly touching her hand.” You have the heart, you just need some confidence.” Elena felt the color rising to her cheeks and looked away.
    “Yeah, easy for you to say.”
    “How about this?” he asked and played some more of the song while Elena helped to finish the lyrics. “This is really helpful. Can you help me with another song?”
    “Sure,” Elena said. She would cross the Sahara Desert for him.
    They continued collaborating until Elena finally noticed it was dark outside.
    “What time is it?”
    “Nine. Why?”
    “Holy crap! I was supposed to be home at seven! My mom is going to kill me!” She checked her phone. Six missed calls.
    “Do you want a lift home?” Jay asked. “It’s my fault you’re late.”
    Elena thought about her neighborhood and the apartment block. She knew she shouldn’t be travelling alone on the subway at this time of night, but it was better than Jay seeing where she lived. “No, that’s okay.”

    Giveaway:


    a Rafflecopter giveaway
              Linda Mack of Mack International to Lead Session at 7th Annual Private Banking Asia Conference, March 15-17, in Singapore         

    Linda Mack of Chicago-based Mack International will moderate a panel discussion at the 7th Annual Private Banking Asia Conference, March 15-17, in Singapore. The conference, produced by Terrapinn Holdings, Ltd., is designed for private bankers and wealth managers.

    (PRWeb March 15, 2011)

    Read the full story at http://www.prweb.com/releases/private/banking/prweb5131864.htm


              New transactions: Innovating the way we pay        

    Over the last ten years the retail banking industry has made significant advances in the way we bank and use..

    The post New transactions: Innovating the way we pay appeared first on Beyond Bank Blog.


              3 digital banking features to make your life easier        

    Digital banking is more popular than ever. The number of digital transactions has increased by 87.7 per cent since 2005,..

    The post 3 digital banking features to make your life easier appeared first on Beyond Bank Blog.


              The Digital Revolution – how banking has changed in this millennium        

    Since the turn of the millennium we’ve seen a dramatic change in the way people bank. With internet and mobile..

    The post The Digital Revolution – how banking has changed in this millennium appeared first on Beyond Bank Blog.


              From better to best: Beyond Bank’s new mobile banking features        

    Beyond Bank has the strongest mobile and online banking applications in the industry (for the second year running, we might..

    The post From better to best: Beyond Bank’s new mobile banking features appeared first on Beyond Bank Blog.


              It’s official! We’re ‘The Best Bank for our Community’!        

    It is with great pleasure I can announce that last night at the Australian Banking and Finance Retail Banking Awards,..

    The post It’s official! We’re ‘The Best Bank for our Community’! appeared first on Beyond Bank Blog.


              Lowongan Kerja Sales Marketing        
    Min SMA/SMK dengan pengalaman Sales min 2 tahunMin D3 dengan pengalaman Sales min 1 tahunDiutamakan Sales Properti Otomotif Banking Produk di atas 50 jutaBersedia menjalani training di Meikarta Lippo CikarangBersedia ditempatkan di semua Booth Meikarta ...

              Lowongan Kerja Promotor         
    Min. SMA/SMKUmur 19-30 thPengalaman 1 th sebagai spg/spb/promotor di bidang retail/modern tradeLatar belakang industri dari Consumer Banking KTA Kartu Kredit/Asuransi/Direct Selling/MLM/Elektronik/FMCGBersedia bekerja shiftBerpenampilan menarikLebih disukai yang memiliki ketertarikan di bidang media televisiSiap ditempatkan di area ...

              Lowongan Kerja Staff Accounting General Ledger         
    Candidate must possess at least Bachelor's Degree/Post Graduate Diploma/Professional DegreeRequired Languages : DegreeAt least 2 yearss of working experience in the related field is required for this position Preferably Non-Executive specialized in Finance-Corporate Finance/Investment/Merchant Banking ...

              Global Payout, Inc. (GOHE) is “One to Watch”        
    Global Payout, Inc. (OTC: GOHE) provides comprehensive payment solutions that can be fully customized for virtually any domestic and international organization distributing money worldwide. The company is committed to enabling global access to technology for optimizing financial transactions and delivering a global financial eco-system with top-tier banking institutions and the highest level financial technology partnerships. […]
              Remember That It Was The Little Guys That Prevailed        
    Belong to one of the big banks that are about to (yet again) squeeze you for accessing and using your own money? The best part is that some, like HSBC and TD Bank, are not only planning to charge you a fee to use one of their own ATMs, they are also going to charge you for using a competitor's ATM, which means, of course, you will be charged twice: once by the competitor for using a "foreign" ATM, and once by your own dear bank for philandering around. Depending on the charges, that could result in more than $5.00 a shot just to pull out a yuppie food stamp. Did I mention that it was your own money?

    Well, believe it or not there are other banks. There are even other banks that give you excellent customer service, look out for your interests, don't gouge you just because they can, and make it cheaper and easier to buy cars and houses. They are community banks and credit unions. And as the customer of the latter for 16 years, I can tell you that I love and cherish my bank over diamonds and rubies. You can get out from under these crooks.

    You can find information on credit unions and how to locate one near you here.

    You can find info on a new concept in banking called BankSimple here.

    And the Move Your Money Project can help you find small community banks and credit unions, along with lots of good advice.

    You don't have to suck this up and take it. Fuck them. Small banking is the wave of the future. And once these dinosaurs fall under their own weight, we'll need the solid support and reliability of the little mammals still standing afterwards.


              The Lizard-Brained Satisfaction of Name-Calling        
    Yves Smith responds to Melissa Harris-Perry's lazy-ass slur of racism on disillusioned white liberals:
    So the Democratic party (and remember, our two party system makes the Democrats the home by default for the left) pretends to be a safe haven for all sorts of out groups: women, gays, Hispanics (on their way to being the dominant group but not there yet), blacks, the poor. But this is stands in stark contradiction to its policies of selling out the middle class to banks and big corporate interests, just on a slower and stealthier basis than the right. So its desperate need to maintain its increasingly phony “be nice to the rainbow coalition” branding places a huge premium on appearances. It thus uses identity politics as a cover for policy betrayals. It can motive various groups on narrow, specific issues, opening the way for the moneyed faction to get what it wants.

    It took most people far too long to get that Obama was a phony because the presumption that a black man would be sympathetic to the fate of the downtrodden is a deeply embedded but never voiced prejudice (and this bias is exploited successfully by the right in depicting Obama as a socialist). Other elements of traditional Democratic associations played into the Obama positioning: his Administration is chock full of technocratic Harvard wonks, and the last time an Administration was so dominated by technocrats was under Kennedy, the last Democratic Administration to have a strongly positive (indeed romanticized) image. (Yes, the Clintons also liked fancy resume types, but they also placed a very high premium on loyalty, and with the result that long-standing supporters often wound up in surprisingly senior roles).

    These traditional iconic symbols of liberalism – secular urban elitism, blackness, technocratic skill, micro-issue identity based political organizing groups – have been fully subverted in the service of banking interests. Obama is the ultimate, but not the only, piece of evidence that these symbols are now used simply to con the Democratic base out of their support and money. The task of moving forward will require rebuilding the symbolic vocabulary of the defenders of the middle class. It will probably also require a similar intellectual civil war within the left, against people like Melissa Harris-Perry. Those engaged in that effort need to become skilled in dealing with these liberal McCarthyite identity smears.
    Good God, our entire political infrastructure is crumbling into a sea of self-hate. The Republican party has been taken over by the Pod People, and the Dems are eating each other alive. I don't see how we can continue on through the new century as a cohesive nation and still maintain this utterly dysfunctional Balkanization. At this rate I don't see how the Democratic party can avoid imploding into a score of navel-gazing boutique cults with a complete lack of vision beyond their own narrow interests.


              5 Reasons to Love Mobile Banking        
    With the increased accessibility and security of modern mobile devices, mobile banking has surged in popularity as a convenient and safe way to monitor your accounts — no matter where you are. More and more banks are offering this access as a free benefit to your checking account, yet despite all of this growth, you […]
              The Futures Agency Presents #3: a conversation on the future of banking (Talwar, Torrance, Leonhard)        
    Futures Agency-Banking With my company, The Futures Agency thefuturesagency.com/ I head up a global network of 30+ futurists that do speaking engagements, conferences, future 'experiences' i.e. seminars and advisory sessions together, and individually. We always have a lot of interesting conversations when- and wherever we meet face-to-face, so we decided to record some of them and make them available to the public. This is #3 discussing the future of banks and financial services.
              Tag        
    Job Vacancy Tag Keywords , Fill Free To Get Lowongan Kerja Lowongan Pekerjaan , Cari kerja , Jakarta Jambi , Sumatera , Riau ,dll


              Lowongan kerja Februari Vacancy in Banking - Surabaya        
    Vacancy in Banking - Surabaya
    Our client, a Joint Venture Bank in Surabaya is urgently looking for:
    BRANCH MANAGER - SURABAYA
    Requirements:
    - Male / Female
    - Min. 3-5 years experience in Managerial level in Banking,
    experience in handling a branch
    - Must be able to communicate in English
    - Service oriented
    - Good knowledge in Marketing field
    - Bachelor degree or S1
    - Suitable industry: Banking
    Please submit your resume to: careeradvance@ cbn.net.id

              AI, analytics accelerate pace of digital workplace transformation | Saudi Gazette - Business         
    "New research which examined how organisations are evolving from a traditional office environment to a digital workplace revealed that gaining competitive advantage and improving business process are among the top goals of their digital transformation strategy" inform Saudi Gazette.



    This is according to 40% of 800 organizations in 15 countries on five continents that were interviewed for Dimension Data’s Digital Workplace Report: Transforming Your Business which was published recently.

    Another insight in the Report is that digital transformation is not just about adopting the technologies of the past: 62% of research participants expect to have technology such as virtual advisors in their organizations within the next two years. In addition, 58% expect to start actively investing in technology that powers virtual advisors in the next two years.

    Photo: Mechelle Buys Du Plessis
    “In a new Digital Transformation in the Workplace report published by Dimension Data last month, the research revealed that countries in the GCC and the Middle East are rapidly divesting from oil driven economies into digital, smart, mobile, and data enabled services driven economies. Migrating their workforces into transformative work environments is critical to ensure success in this journey," said Mechelle Buys Du Plessis, Managing Director, Dimension Data, Middle East.

    Today, the digital workplace is no longer just made up of managers and those managed; co-workers collaborating with one another to complete projects; and employees interacting with customers and partners. It’s increasingly populated by ‘virtual employees’ who do not exist in a physical sense, but nonetheless play an important role in the organization.

    While artificial intelligence (AI) technology is still in its infancy, it is sufficiently advanced to be working its way into companies in the form of virtual assistants, and, in certain industries such as banking, virtual tellers and virtual advisors. Manifested as bots embedded into specific applications, virtual assistants draw on AI engines and machine learning technology to respond to basic queries.
    Read more...

    Source: Saudi Gazette

              BANKING PROJECT        
    none
              Understanding the Core Banking System Industry        
    none
              AI, analytics accelerate pace of digital workplace transformation | Digital News Asia        
    • The number one barrier to successful adoption of new workstyles is IT issues
    • Business leaders and CIOs are switched on to the importance of mobility in the digital workplace

    Photo: Digital News Asia

    "NEW research which examined how organisations are evolving from a traditional office environment to a digital workplace reveals that gaining competitive advantage and improving business process are among the top goals of their digital transformation strategy" says Digital News Asia.

    This is according to 40% of 800 organisations in 15 countries on five continents that were interviewed for Dimension Data’s Digital Workplace Report: Transforming Your Business which was published today.

    Another insight in the Report is that digital transformation is not just about adopting the technologies of the past: 62% of research participants expect to have technology such as virtual advisors in their organisations within the next two years.

    In addition, 58% expect to start actively investing in technology that powers virtual advisors in the next two years.

    Today, the digital workplace is no longer just made up of managers and those managed; co-workers collaborating with one another to complete projects; and employees interacting with customers and partners. It’s increasingly populated by ‘virtual employees’ who do not exist in a physical sense, but nonetheless play an important role in the organisation.

    While artificial intelligence (AI) technology is still in its infancy, it is sufficiently advanced to be working its way into companies in the form of virtual assistants, and, in certain industries such as banking, virtual tellers and virtual advisors.

    Manifested as bots embedded into specific applications, virtual assistants draw on AI engines and machine learning technology to respond to basic queries.

    Photo:  Kane Steele
    “It’s no longer enough to simply implement these technologies,” says End-user Computing general manager Kane Steele.

    “Organisations have grown their use of analytics to understand how these technologies impact their business performance:  64% use analytics to improve their customer services, and 58% use analytics to benchmark their workplace technologies.”

    Meanwhile, around 30% of organisations said they’re far along in their digital transformation initiatives and are already reaping the benefits, while others are still in the early stages of developing a plan.
    Read more...

    Source: Digital News Asia

              PHONE-BANKING from home: Yes on 30! No on 32!        
    You can do phone-banking from home for Yes on 30, No on 32! Just click here or on the image:
              Commercial Real Estate Loans In Central Texas        


    Streamline Funding, Austin, Texas


    Commercial Real Estate Loans In Central Texas

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              The digital revolution: adding value to agriculture        

    In ACP countries agriculture is the key economic player, employing between 40-60% of the population and contributing between 25-45% to gross domestic product. Traditionally the sector has been characterised by highly impoverished farmers using old-fashioned farming techniques resulting in low productivity levels. With no choice but to deal with exploitative middlemen, the sector has always been vulnerable to famine and food insecurity. But now ICTs are creating a revolution all the way, from extension to marketing, to agro-input services, to banking and financial services, to certification management. 


              David Harvey telling it like it is at the Urban Reform Tent, January 29, 2009, World Social Forum, Belem        
    "I'm delighted to be here, but first of all I'd like to apologize for
    speaking English which is the language of international imperialism. I
    hope that what I have to say is sufficiently anti-imperialist that you
    people will forgive me. (applause)

    I am very grateful for this invitation because I learn a great deal from the social movements. I've come here to learn and to listen and
    therefore I am already finding this a great educational experience
    because as Karl Marx once put it there is always the big question of who will educate the educators.

    I have been working for some time on the idea of the Right to the City.
    I take it that Right to the City means the right of all of us to create
    cities that meet human needs, our needs. The right to the city is not
    the right to have - and I'll use an English expression - crumbs from the rich mans table. We should all have the same rights to further construct the different kinds of cities that we want to exist.

    The right to the city is not simply the right to what already exists in
    the city but the right to make the city into something radically
    different. When I look at history I see that cities have been managed by capital more than by people. So in this struggle for the right to the city there is going to be a struggle against capital.

    I want to talk a little bit now about the history of the relationship
    between capital and city building and ask the question: Why is it that
    capital manages to exercise so much rights over the city? And why is it
    that popular forces are relatively weak against that power? And I'd also like to talk about how, actually, the way capital works in cities is one of its weaknesses. So at this time I think the struggle for the right to the city is at the center of the struggle against capital. We have now - as you all know - a financial crisis of capitalism. If you look at recent history you will find that over the last 30 years there have been many financial crises. Somebody did a calculation and said that since 1970 there have been 378 financial crisis in the world. Between 1945 and 1970 there were only 56 financial crises. So capital has been producing many financial crises over the last 30 to 40 years. And what is interesting is that many of these financial crises have a basis in urbanization. At the end of the 1980s the Japanese economy crashed and it crashed around property and land speculation. In 1987 in the United States there was a huge crisis in which hundreds of banks went bankrupt and it was all about housing and property development speculation. In the 1970s there was a big, world-wide crises in property markets. And I could go on and on giving you examples of financial crises that are urban based. My guess is that half of the financial crises over the last 30 years are urban property based. The origins of this crisis in the United States came from something called the sub prime mortgage crises. I call this not a sub prime mortgage crisis but an urban crisis.

    This is what happened. In the 1990s there came about a problem of
    surplus money with nowhere to go. Capitalism is a system that always
    produces surpluses. You can think of it this way: the capitalist wakes
    up in the morning and he goes into the market with a certain amount of
    money and buys labor and means of production. He puts those elements to
    work and produces a commodity and sells it for more money than he began
    with. So at the end of the day the capitalist has more than he had at
    the beginning of the day. And the big question is what does he do with
    the more that he's picked up? Now if he were like you and me he would
    probably go out and have a good time and spend it. But capitalism is not like that. There are competitive forces that push him to reinvest part of his capital in new developments. In the history of capitalism there has been a 3% rate of growth since 1750. Now a 3% growth rate means that you have to find outlets for capital. So capitalism is always faced with what I call a capital surplus absorption problem. Where can I find a profitable outlet to apply my capital? Now back in 1750 the whole world was open for that question. And at that time the total value of the global economy was $135 billion in goods and services. By the time you get to 1950 there is $4 Trillion in circulation and you have to find outlets for 3% of $4 trillion. By the time you get to the year 2000 you have $42 trillion in circulation. Around now its probably $50 Trillion. In another 25 years at 3% rate of growth it will be $100 trillion. What this means is that there is an increasing difficulty in finding profitable outlets for the surplus capital. This situation can be presented in another way. When capitalism was essentially what was going on in Manchester and a few other places in the World, a 3% growth rate posed no problem. Now we have to put a 3% rate of growth on everything that is happening in China, East and Southeast Asia, Europe, much of Latin America and North America and there is a huge, huge problem. Now capitalists, when they have money, have a choice as to how they reinvest it. You can invest in new production. An argument for making the rich richer is that they will reinvest in production and that this will generate employment and a better standard of living for the people. But
    since 1970 they have invested less and less in new production. They have invested in buying assets, stock shares, property rights, intellectual property rights and of course property. So since 1970, more and more money has gone into financial assets and when the capitalist class starts buying assets the value of the assets increases. So they start to make money out of the increase in the value of their assets. So property prices go up and up and up. And this does not make for a better city it makes for a more expensive city. Furthermore, to the degree that they want to build condominiums and affluent housing they have to drive poor people off their land. They have to take away our right to the city. So that in New York City I find it very difficult to live in Manhattan, and I am a reasonably well paid professor. The mass of the population that actually works in the city cannot afford to live in the city because property prices have gone up and up and up and up. In other words the people's right to the city has been taken away. Sometimes it has been taken away through actions of the market, sometimes its been taken away by government action expelling people from where they live, sometimes it has been taken away by illegal means, violence, setting fire to a
    building. There was a period where one part of New York City had fire
    after fire after fire.

    So what this does is to create a situation where the rich can increasingly take over the whole domination of the city. And they have
    to do that because this is the only way they can use their surplus
    capital. And at some point however there is also the incentive for this
    process of city building to go down to the poorer people. The financial
    institutions lend to the property developers to get them to develop
    large areas of the city. You have the developers but then the problem is who do the developers sell their properties too? If working class
    incomes were increasing then maybe you could sell to the working class.
    But since the 1970s the policies of neoliberalism have been about wage
    repression. In the United States real wages haven't risen since 1970, so you have a situation where real wages are constant but property prices are going up. So where is the demand for the houses going to come from? The answer was you invite the working classes into the debt environment. And what we see is that household debt in the United States has gone from about $40,000 per household to over $120,000 per household in the last 20 years. The financial institutions knock on the doors of working class people and say, "we have a good deal for you. You borrow money from us and you can become a homeowner, and don't worry, if at some point you can't pay your debt the housing prices are going to go up so everything is fine".

    So more and more low income people were bought into the debt environment. But then about two years ago property prices started to
    come down. The gap between what working class people could afford and
    what the debt was was too big. Suddenly you had a foreclosure wave going through many American cities. But as usually happens with something of this kind there is an uneven geographical development of that wave. The first wave hit very low income communities in many of the older cities in the United States. There is a wonderful map that you can see on the BBC website of the foreclosures in the city of Cleveland. And what you see is a dot map of the foreclosures that is highly concentrated in certain areas of he city. There is a map beside it which shows a distribution of the African American population, and the two maps correspond. What this means is that this was robbery of a low income African American population. This has been the biggest loss of assets for low income populations in the United States that there has ever been. 2 Million people have lost their homes. And at that very moment when that was happening the bonuses paid out on Wall street were coming to over $30 Billion - that is the extra money that is paid to the bankers for their work. So $30 billion ends up on Wall Street which has effectively been taken from low income neighborhoods. There is talk about this in the United States as a financial Katrina because as you remember Hurricane Katrina hit New Orleans differentially and it was the low income black population that got left behind and many of them died. The rich protected their right to the city but the poor essentially lost theirs. In Florida, California and the American South West the pattern was different. It was very much out on the periphery of the cities. And there a lot of money was being lent to the building groups and the developers. They were building housing way out, 30 miles outside of Tuscon and Los Angeles and they couldn't find anybody to sell to so they actually went for a white population that did not like living near immigrants and blacks in the central cities. What this then led to was a situation that happened a year ago when the high gas prices made it very difficult for communities. Many of the people had difficulties paying their debt and so we find a foreclosure wave which is happening in the suburbs and is manly white in places like Florida, Arizona and California. Meanwhile what Wall Street had done is to take all of these risky mortgages and to package them in strange financial instruments. You take all of the mortgages from a particular place and put them into
    a pot and then sell shares of that pot to somebody else. The result is
    that the whole of the mortgage financial market has globalized. And you
    sell pieces of ownership to mortgages to people in Norway or Germany or
    the Gulf or whatever. Everybody was told that these mortgages and these
    financial instruments were as safe as houses. They turned out not to be
    safe and we then had the big crisis which keeps going and going and
    going. My argument is that if this crisis is basically a crisis of
    urbanization then the solution should be urbanization of a different
    sort and this is where the struggle for the right to the city becomes
    crucial because we have the opportunity to do something different.

    But I am often asked if this crisis is the end of neoliberalism.. My
    answer is "no" if you look at what is being proposed in Washington and
    London. One of the basic principles that was set up in the 1970s is that state power should protect financial institutions at all costs. And there is a conflict between the well being of financial institutions and the well being of people you chose the well being of the financial institutions. This is the principle that was worked out in New York City in the mid 1970s, and was first defined internationally in Mexico it threatened to go bankrupt in 1982. If Mexico had gone bankrupt it would have destroyed the New York investment banks. So the United States Treasury and the International Monetary Fund combined to help Mexico not go bankrupt. In other words they lent the money to Mexico to pay off the New York bankers. But in so doing they mandated austerity for the Mexican population. In other words they protected the banks and destroyed the people. This has been the standard practice in the International Monetary Fund ever since. Now if you look at the response to the crisis in the United States and Britain, what they have done in effect is to bail out the banks. $700 billion to the banks in the United States. They have done nothing whatsoever to protect the homeowners who have lost their houses. So it is the same principal that we are seeing at work - protect the financial institutions and fuck the people. What we should have done is to take the $700 billion and create an urban redevelopment bank to save all of those neighborhoods that were being destroyed and reconstruct cities more out of popular demand. Interestingly if we had done that then a lot of the crisis would have disappeared because there would be no foreclosed mortgages. Meanwhile we need to organize an anti-eviction movement and we have seen some of that going on in Boston and some other cities. But at this historical moment in the United States there is a sense that popular mobilization is restricted because the election of Obama was a priority. Many people hope that Obama will do something different, unfortunately his economic advisors are exactly those who organized this whole problem in the first place. I doubt that Obama will be as progressive as Lula. You will have to wait a little bit before I think social movements will begin to go in motion. We need a national movement of Urban Reform like you have here.
    We need to build a militancy in the way that you have done here. We need in fact to begin to exercise our right to the city. And at some point we'll have to reverse this whole way in which the financial institutions are given priority over us. We have to ask the question what is more important, the value of the banks or the value of humanity. The banking system should serve the people, not live off the people. And the only way in which at some point we are really going to be able to exert the right to the city is that we have to take command of the capitalist surplus absorption problem. We have to socialize the capital surplus. We have to use it to meet social needs . We have to get out of the problem of 3% accumulation forever. We are now at a point where 3% growth rate forever is going to exert such tremendous environmental costs, its going to exert tremendous pressure on social situations that we are going to go from one financial crisis to another. If we come out of this financial crisis in the way they want there will be another financial crisis 5 years from now. So its come to the point when its no longer a matter of accepting what Margaret Thatcher said, that "there is no alternative", and we say that there has to be an alternative. There has to be an alternative to capitalism in general. And we can begin to approach that alternative by perceiving the right to the city as a popular and international demand and I hope that we can all join together in that mission. Thank you very much."
              gold        
    1999:
    "the summer of 1999, against the wishes of people who paid attention during their economics classes, our ‘prudent’ Chancellor of the Exchequer,[Today Prime Minster] Mr Gordon Brown, started selling off over half of Britain’s gold reserves (three hundred and ninety-five tonnes in total) for a knockdown price of around $275.00 a troy ounce."


    Today:

    "Having broken through the $1,000 barrier earlier in the year, the gold price has retreated slightly and is now trading at around $880 an ounce."
              Sales Representative        
    WA-Seattle, This client is a decades old global financial services company that specializes in Asset Management, Capital Markets, Consumer Finance, Insurance, Retail Banking, and Wealth Management. Continued growth and success has increased their need to hire a Sales Representative to sell their Proxy services to publicly held corporations. Proxy services are all the material that flows between the company an
              UK banking options narrowing for British expats         
    none
              Charles Lindbergh - Bankers Bury an American Hero        
    charles-lindbergh-color.jpg


    Charles Lindbergh is an example of why 
    there are so few positive role models depicted 
    by Hollywood movies.
    American heroes must first receive 
    the kosher stamp of approval.
    We live in a de facto Communist society and
    all "entertainment" is agitprop.




    "We shall erase from the memory of men all facts of previous centuries which are undesirable to us..."  Protocols of Zion 16-4




    By Henry Makow Ph.D.

    If Americans weren't mind prisoners of the Masonic Jewish banking cartel, there would be Hollywood epics about American heroes like Charles Lindbergh (1902-1974.) 

    As is, there is only one movie The Spirit of St Louis (1957) about the flight. The movie bombed partly because Lindbergh was played by 50-year old Jimmy Stewart. Lindbergh was only half that age when he made his historic transatlantic flight in 1927. The movie's director, Billy Wilder, a German Jew, said it was the worst movie he ever made.

    lindbergh-father.jpeg
    There is no Hollywood epic about Lindbergh because his congressman father opposed the 1913 Federal Reserve Act which gave control of US credit to a mostly foreign private cartel. He also opposed US entry into World War One. The cartel made sure Charles Lindbergh Sr. was defeated in 1920 and he died bankrupt four years later. This is the fate of American patriots in a subverted country where patriotism is punished and treason is rewarded. 


    Charles Lindbergh Jr. campaigned against US entry into the Second World War, and said Organized Jewry was promoting  it. This is why he is persona non grata in Hollywood. He was a complex figure who had a remarkable career. Yes, he erred by exaggerating pre-war Nazi air strength and could be called "a defeatist." More accurately, he didn't want the US to fall into the banker's trap. Let Hitler fight Stalin instead. But once war was declared, he flew 50 combat missions against the Japanese.  In addition to his own six children, later in life, he fathered seven more children with three German women as a gesture of racial pride. A movie of his life would make a remarkable character study. 

    CHARACTER

    After Lindbergh's triumphant transatlantic flight in 1927, the Aero-Club de France presented him with a gift of 150,000 francs (about $250,000 today.) He refused the gift asking that it be given instead to the families of French pilots who had died in the Great War. Lindbergh turned down other lucrative offers including an offer of today's equivalent of $5 million from media mogul William Randolph Hearst to star in a Hollywood movie. Who turns down money today? 

    lindbergh-with wife.jpg
    (With wife, Ann Morrow Lindbergh, an author who flew thousands of miles with him) 

    After their child was kidnapped and murdered in 1932, the Lindberghs lived in England. At first Charles enjoyed the respite from the US media, but he soon showed his preference for Germans. The English were always stopping for tea "which seems a little effeminate to me." There was a combination of "bluff and vanity" about the English which made them infuriatingly opinionated, so that "anything you say to them has about as much effect as spray on a rock."

    But these were minor annoyances compared with the fundamental faults in the English character. They had "confidence rather than ability, tenacity rather than strength, and determination rather than intelligence." It was a land made up of "slow somewhat stupid and indifferent people" and a few geniuses who were becoming increasingly hard to find. ( Leonard Mosley, Lindbergh, A Biography, p.236) 

    When a drunken woman approached him at a party, the abstemious Lindbergh was repelled, saying, "She is a shame to American womanhood." Drinking by women became a serious preoccupation. It troubled him that so many American women of marriageable age were mixing and working on equal terms with men, and matching them drink for drink. It encouraged loose living and loose living led to the deterioration of the race. One of his objections to the USSR was its eradication of the "God made difference between men and women....God fearing mothers and wives were essential if America was to preserve the purity of its people and the strength of its ideals." (Mosley. p.250)

    Michael Hoffman recently featured Lindbergh in his Revisionist History newsletter (June-July). His epitaph explains why Lindbergh is not held up as model for Americans today: "In spite of his personal sins and foibles, Charles A. Lindbergh was among the highest types our people produce, by the grace of God." 

    It should be clear that the Cabalist (i.e. Communist) agenda is to root out all traces of European Christian culture and make Europeans a minority in the countries they founded and built. Only Jews and colored people are allowed to maintain their racial identity. Whites have almost become a minority on TV commercials. 

    On the other hand, there is no shortage of movies glorifying Communists and homosexuals like Trumbo or Kinsey or Milk. Movies are expensive to make and the bankers only fund those which advance their pernicious agenda. We are their mental and spiritual prisoners.
    That's the whole point of the NWO.
    -------------

    Related- Henry Ford is another American Giant who Failed the Kosher Test     On the other hand, car maker "Tucker" has a movie.





              Why? - The Hate-Fuelled Attack on our Gender Identity         
    VF.jpeg
    The Jewish Cabala is "a powerful system for gaining control over people 
    by harnessing and perverting sexual energies." 

    Yesterday: Illuminati's Planned Parenthood: Teach Your Pre-Schooler, "Your genitals don't determine your gender." 

    Greg (a reader): "
    My niece is a student at the University of Oregon where there is a growing movement to eliminate gender references altogether.  For example, if you do not want to be considered a male or female, the University will acknowledge this on official records. I
    t's crazy." 



      An occult hidden hand (Freemasonry) controls government and media and seeks to dehumanize and colonize us by eliminating gender.  This prophetic 2008 article explains how "sex magick" works. 



    by Henry Makow Ph.D.

    God's Creative Force enters humanity through a man's love for his wife and desire to raise his family in a secure and wholesome environment. It is reciprocated by a woman receiving her husband's seed (which symbolizes his spirit) and nurturing it.

    cab2.jpgThus, the Cabalist central bankers are keen to neutralize the male-female (active-passive)  dynamo by making women usurp the male role. The bankers usurp the initiating male or "God" role for themselves.

    According to the book, "Light bearers of Darkness" the Jewish Cabala is a powerful system for gaining control over people by harnessing and perverting sexual energies. (20)

    In Studies in Occultism, (quoted in "Lightbearers of Darkness")  Henri de Guilbert says the Cabalist Jew
    "looks upon himself as the sun of humanity, the male, opposed to which other peoples are but the female, manifesting and assuring the
    coming of the Messianic era. In order to realize this sociological manifestation, the Jew organically extends his influence by means of secret societies, created by him in order to spread everywhere his initiating force...(hoping to realize ) the universal republic controlled by the god of humanity, the Jew of the Cabala." (p.21)


    fb-marriage.jpgERASING GENDER

    In the Protocols, the Cabalist Jew vowed to destroy "every collective force except our own." They have taken down nation, religion and race. By destroying gender, they destroy family.

    Thus everywhere, the cabalist bankers have used education and media to neuter the populations of the West and undermine the institution of marriage and family. 

    "We have castrated society through fear and intimidation," Harold Rosenthal boasted in 1976. "Its manhood exists only in combination with a feminine outward appearance. Being so neutered, the populace has become docile and easily ruled. As all geldings...their thoughts are not involved with the concerns of the future and their posterity, but only with the present and with the next meal." ("The Protocols of Zion Updated" )
     
    In a recent article, "Man-Child in the Promised Land",  researcher Kay Hymowitz  says American males have extended their adolescence into middle age.

    "In 1970, 69 percent of 25-year-old and 85 percent of 30-year-old white men were married; in 2000, only 33 percent and 58 percent were, respectively. "

    "What Kind of Man Reads Playboy?" The description best fits a homosexual. Meanwhile women have postponed marriage and usurped the male role as protector and provider.

    "In 1960, 70% of American 25-year-old women were married with children; in 2000, only 25% of them were. In 1970, just 7.4% of all American 30-to 34-year-olds were unmarried; today, the number is 22%. That change took about a generation to unfold, but in Asia and Eastern Europe the transformation has been more abrupt. In today's Hungary, 30% of women in their early thirties are single, compared with 6% of their mothers' generation at the same age." (Hymowitz, "The New Girl Power" )

    Meanwhile an estimated one million US children were conceived using sperm donors, with 30,000 added every year. Many are born to lesbians who are determined to change the "hetero-normative" basis of society.

    California is on the vanguard of the cabalist banker plan to replace heterosexual norms with homosexual ones. A new law requires schools "to positively portray  sex changes, cross-dressing, homosexual marriages, and all aspects of bisexuality and homosexuality." This mandate affects children from kindergarten through 12th grade in California public schools.


    andro.jpg(left-female; middle-unification; right-male) 

    Bruce Shortt, author of "The Harsh Truth About Public Schools" notes, "No longer will children raised in these schools understand that God made us male and female. Children will be told that because there are many sexual orientations and gender identities, they simply have to reach their own conclusions about which sexual orientation and gender 'possibilities' are 'right for them.' Along with this will come the message that you really can't tell whether you like something unless you have tried it. The likely consequences of this for children, the institution of the family, our churches, and our culture are horrendous."

    The Christian European majority is subjected to a relentless program of social engineering by the Cabalist bankers. Brainwashed ("guilted") to think that only minorities have human rights, the majority is being undermined and transformed into "slaves who love their slavery."
     

    THE LONG TERM PLAN

    Who are these cabalists? For our purposes, they are the dynastic families who own the central banking cartel and dominate industry, culture and government, world wide. The names Rothschild, Warburg, Rockefeller and Schiff will suffice.

    cab1.jpg(left, the Divine Hermaphrodite) 

    War, and modern history in general, is an occult inspired charade designed to destroy Christian civilization by undermining our relationship to God, family, nation and race. The real meaning of  the word "revolution" is to turn the world upside down, and place the banker in the role of God. (See "Rothschilds Control Red Symphony" )

    Every "revolution" since 1640 was dedicated to this goal. The bankers are behind all wars, and most "modern" social, political and philosophical movements, including Communism, Feminism, Diversity, Zionism, Nazism multiculturalism, post modernism, gay rights and sexual liberation.

    "The History of Political Correctness"  shows that these movements were devised by intellectuals of "The Frankfurt School" to subvert Western civilization. Some of these "cultural Marxists"  literally were Soviet NKVD Agents. Almost all were Marxist Jews. The video shows how Americans were gulled to think revolution was trendy and to welcome the destruction of their society. These dupes now occupy all the positions of power in US culture.  

    Basically mankind is the victim of a "cruel hoax" of cosmic proportions. When you create money out of thin air, you can buy a lot of "change agents."  Our elites actually think they are creating a better world. In fact, they are  building a world police state, the "New World Order" secretly dedicated to Satan. They are complicit in the cover-up of 9-11; and the "war on terror" is a ruse to deprive  us of our rights.

    The "Jew of the Cabala" is the central banker, his allies and minions. The average Jew doesn't know anything about this plan. However, he is wrong to assume that because he is unaware, it doesn't exist. He is wrong to assume he won't some day be blamed for it. All groups and religions have been subverted. Whether Communist or Zionist, many Jews have been duped and manipulated by organized Jewry.

    The average Jew is as much responsible for the NWO as the average American is responsible for the war in Iraq. However we all must take exception when our religion or nation are appropriated for evil.

    ------
    Related - "Heteronormativity"- 98% must conform to 2%

    ---------On Sex Magick - Background 

    See also my Ten Signs Western Society is a Satanic Cult 

    "How They Control the World"

    "Independent Historian Unveils Kabala Conspiracy"  

    and "What Every Jew and Non-Jew Should Know"
    ---
    First Comment from John:

    This article is almost 9 years old and what is talked about here has come deeper into the fruition of human error as predicted.
    I recently had a discussion with a young black woman who just graduated from high school. She said that in her freshmen year students were predominantly " strait" and the gay and lesbian students, if there were any, stayed in the closet.

    But, by the she graduated the school had been turned upside down. In just three years what was once the exception had now become the new fad. She said that same-sex encounters were being performed in the locker rooms and that the straight students were afraid to come in, not knowing what they might walk in on.

    Also, she said that nothing was done about it because the principal himself was gay as well as with some of the teachers. And thanks to the "bullying law" you cannot challenge or criticize them for this behavior.

    The whole game plan here is to alienate and eliminate the Christian  from the norm of society. She said that kids were being taught to believe what the Bible says about this issue is wrong and that sexual perversion is a good thing.

    America's days are numbered now and will have the fate of all past world empires that were infected with this disease who no longer recognized or protected the Law of God and his plan for humanity.





              Did Trump Launder Money for Putin?         
    donald-j-trump-cafe-realdonald-trump-russia-has-never-tried-12137855.png
    Is Putin's espousal of Christian values an act, and the conflict 
    between Russia and the USA a charade?

    According to David Livingstone,  Chabad is the original Illuminati, a front for the
    Russian (i.e. Jewish) mafia. Trump has ties to Chabad both through
    the Kushners  and business deals with Russian Jewish oligarchs linked to
    tax evasion, embezzlement, money laundering and human trafficking.
    David thinks the Russia Mafia is closely linked with the KGB and Putin. 
    He suspects they are all run by Mossad.


    Disclaimer- Like most of you, I like some things Trump has done or is attempting to do.
    However, we need to know the truth about our "heroes." David Livingstone essay, which I recommend you read in full, raises the possibility that Trump is leading us on. 



    "As James Henry indicated in The American Interest, "one of the most central facts about modern Russia: its emergence since the 1990s as a world-class kleptocracy, second only to China as a source of illicit capital and criminal loot, with more than $1.3 trillion of net offshore 'flight wealth' as of 2016."


    Donald Trump, Chabad Lubavitch & the Oligarchs
    by David Livingstone
    (Excerpt by henrymakow.com)


    The Russian (Jewish ) mafia is closely associated with Chabad-Lubavitch, a Hasidic Jewish movement. Although the Chabad Lubavitcher movement is often listed as a part of Orthodox Judaism, it has often been condemned as heretical by traditional Jews. Rabbi Eliezer Schach, 103; Leader of Orthodox in Israel.

    Natan Sharansky, the Chairman of the Jewish Agency said that Chabad Lubavitch was an essential connector to Soviet Jewry during the Cold War.  Shimon Peres has stated that it's to Schneerson's credit that "Judaism in the Soviet Union has been preserved." Joseph Telushkin. Rebbe (Harper Collins, 2014), p. 566.

    These Russian Chabad-Lubavitcher Jews composed a substantial portion of the country's notorious "oligarchs."

    Close to 25% of the 200 richest people in Russia are Jewish, according to a report by Russian banking website lanta.ru. The report found that of the country's 200 billionaires, 48 are Jews  and own a combined net worth of $132.9 billion. Among the 48 Jews who made the list, 42 are Ashkenazi and together have a net worth of $122.3 billion, even though they comprise only 0.11% of the population . 

    abramovitch.jpg
    The wealthiest Ashkenazi is Mikhail Fridman, who has a net worth is $17.6 billion and is Russa's second richest man. The Ashkenazi billionaires include Viktor Vekselberg (net worth of $17.2 billion), Leonid Michelson (net worth of $15.6 billion), German Khan (net worth of $11.3 billion), Mikhail Prokhorov (net worth of $10.9 billion), and Roman Abramovich, left, (net worth of $9.1 billion). Source

    As James Henry stated in The American Interest, "Since the 1990s, [Russia has emerged] as a world-class kleptocracy, second only to China as a source of illicit capital and criminal loot, with more than $1.3 trillion of net offshore 'flight wealth' as of 2016." 

    For ordinary Russians, as noted, this was disastrous. But for many banks, private bankers, hedge funds, law firms, and accounting firms, for leading oil companies like ExxonMobil and BP, as well as for needy borrowers like the Trump Organization, the opportunity to feed on post-Soviet spoils was a godsend. This was vulture capitalism at its worst. [The Curious World of Donald Trump's Private Russian Connections.]

    197067.jpg
    A 2012 article in the Jerusalem Post titled "At Putin's side, an army of Jewish billionaires" mentioned three Russian-Jewish billionaire oligarchs in particular who are close to Putin: Mikhail Fridman, Moshe Kantor and Lev Leviev. Under Putin, the Hasidic Federation of Jewish Communities of Russia (FJCR) became increasingly influential within the Jewish community of Russia, partly due to the influence and support of businessmen close to Putin, notably Lev Leviev and Roman Abramovich. See "No love lost." and Cracked De Beers.

    Leviev is an Uzbeki-born Israeli citizen and devout Chabad Lubavitcher. Known as the "King of Diamonds," Leviev has come under scrutiny by the US government and international media for both his partnership with a Chinese business group believed to have funded North Korea and his possible role in developing West Bank settlements.  "Trump and His Advisors Are Connected to a Self-Professed Friend of Putin"

    Chris Hutchins, a biographer of Putin, describes the relationship between Putin and Abramovich as like that between a father and a favorite son. (Chabad Lubavitcher) Abramovich was the first person to originally recommend to Yeltsin that Putin be his successor. Richard Sakwa. The Crisis of Russian Democracy: The Dual State, Factionalism and the Medvedev Succession. (Cambridge University Press, 2011). p. 135. Abramovich is a chairman of the Federation of Jewish Communities of Russia (which is allied with Putin's administration), and donates money to the Chabad movement. M. Goldman. The Piratization of Russia: Russian Reform Goes Awry. (Routledge, 2003). p. 132.

    lit.jpeg
    According to former FSB officer Alexander Litvinenko, Russia's intelligence and security services control the country's organized crime network. Putin Welcomes the Return of the Russian Mafia

    ORGANIZED CRIME

    Like the Oligarchs in Russia, Organized Crime is heavily Jewish...Chabad Jewish

    Shortly before his death, former FSB officer Alexander Litvinenko claimed that Simeon Mogilevich,  allegedly had a "good relationship" with Vladimir Putin since the 1990s, and has contacts with al Qaeda to whom he sells weapons. Listen: Alexander Litvinenko's apparent warning before his death...In the year he was murdered, Litvinenko was investigating suspicions that Roman Abramovich was involved in money-laundering and illegal land purchases. Litvinenko investigating Abramovich money-laundering claims, court told.

    Putin-Lazar (1).jpg
    (Putin with Berel Lazar, Chief Rabbi of Russia) 

    Trump's biggest Chabad links are via his infamous son in law Jared Kushner

    In 2015, Trump's son-in-law and chief adviser Jared Kushner, who has strong ties with the Lubavitchers, purchased the former New York Times Building in Manhattan from Leviev. Kushner, who married to Trump's daughter Ivanka after she converted to Judaism, had become what the Times described as Trump's "de facto campaign manager." Quiet Fixer in Donald Trump's Campaign: His Son-in-Law, Jared Kushner. 

    He was principal owner in his family's real estate company Kushner Companies, and of Observer Media, publisher of the weekly, on-line New York Observer. The Kushner's were friends with Israeli Prime Minister Netanyahu, who stayed at their home in New Jersey, sleeping in Jared's bedroom.[77] 

    Trump's foundation has donated thousands of dollars to Chabad institutions, and Ha'aretz also reported that the foundation of Jared's parents gave $342,500 to Chabad institutions and projects over a 10-year period.Report: Trump, Kushner foundations have donated thousands to Chabad. "Israel wasn't a political discussion for him; it was his family, his life, his people," said Hirschy Zarchi, rabbi at the Chabad House at Harvard, where Jared was a member. For Kushner, Israel Policy May Be Shaped by the Personal. ...

    On January 27, 2017, the Kushners invited Cohn, Department of the Treasury appointee Steve Mnuchin and several members of the President's cabinet for a Shabbat meal, along with Rabbi Levi Shemtov, from the local Chabad-Lubavitch house, which is only a few blocks away from their home. 

    Also attending were Department of Commerce pick Wilbur Ross and his wife Hilary Geary Ross, and Strategic Communications Director Hope Hicks. The Kushners break bread with Team Trump: Jared and Ivanka welcome several members of the President's cabinet for the first big Shabbat meal at their new DC home.

    obama-and-chabad-leader-levi-Shemtov.JPG
    (Shemtov, left. Nothing changes.)

    Shemtov heads the Central Committee of Chabad-Lubavitch Rabbis. Shemtov serves the daily governmental and diplomatic needs of the international Chabad-Lubavitch movement, flying to Buenos Aires, Moscow and other capitals. 

    Shemtov is often at the White House, Pentagon, United States Department of State and other venues in official Washington, and maintains close relationships with numerous members of the US Congress, senior Administration officials and leaders in the international community, including a number of heads of state and government. Fishcoff Sue. The Rebbe's Army. (New York: Knopf Doubleday, 2003), p. 185.
    ---------






              Hitler Began as Secret German Army Agent         

    ahitler1.jpg Hitler "tried to enter the postal service as a mail carrier. 

    His services were refused because he was unable to pass the intelligence test."

    - Captain Karl Mayr 


    Plied with sausages and beer supplied by the army, the tavern audiences applauded Hitler. Mayr writes. 

    "The experiment with Hitler was considered highly successful by his [army] sponsors" 

    and Hitler got the Jeanne D'Arc job. 



    (Originally, " I Was Hitler's Boss")

    By Henry Makow Ph.D.


    The man who became the personification of evil was probably the puppet of a hidden power still in control of the world. 

    This view is supported by a curious little-known document entitled "I was Hitler's Boss" by Captain Karl Mayr published in the New York-based magazine "Current History" (November 1941.) 

    As Hitler's boss in the "Instruction Dept." of the Reichwehr in Munich, Capt. Mayr had "daily contact" with Hitler for 15 mos. (March 1919-June 1920.) Corporal Hitler was charged with propaganda functions and infiltrating labor groups.

    hitler-1.jpegMayr portrays Hitler, left, as a "tired, stray dog looking for a master," a mere factotum first of General Ludendorff and then of Goering. He was considered dispensable after fulfilling his purpose.

    He "tried to enter the postal service as a mail carrier. His services were refused because he was unable to pass the intelligence test. His school education in his Austrian village would have been quite sufficient, but his mental capacity suffered after he was gassed in the war."

    While I believe Captain Mayr, who later opposed Hitler and joined the Social Democrats (he was killed in Buchenwald) wrote this essay, it may be "black propaganda." Published the month before the US entered the war, it may have been designed to create division between Hitler and his designated successor (Goering), and to anger Hitler by belittling him.

    The editor of "Current History" was "Spencer Brodney." His real name was Leon Brotzky, who was a long-time Communist. "Current History" was published quarterly by the New York Times Company, the organ of the central banking cartel.

    Nevertheless, although black propaganda spins the truth, its effectiveness depends on including a considerable amount of fact. Much of what Mayr says is consistent with other sources. I will provide a summary of his revelations and then briefly consider the implications.

    HITLER A MISFIT BECOMES 'MAN ON THE HORSE'

    Capt. Mayr says that in 1919, Hitler was "one of the many thousand of ex-soldiers who walked the streets looking for work. A this time, Hitler was ready to throw in his lot with anyone who would show him kindness...He would have worked for a Jewish or French employer just as readily as for an Aryan". He was "totally unconcerned about the German people and their destinies." 

    Hitler "talked and walked in his sleep and made himself generally a nuisance." He had no friends, and was shy and self-conscious because of a "deformity [which] made him unlike other men--in my opinion this infliction made Hitler a lone wolf and outsider." Hitler apparently had only one testicle. Funny Mayr doesn't mention this detail if he is trying to discredit Hitler.  Hitler was "continually chaffed by his comrades."

    10179-004-8B57289C.jpg

    According to Mayr, General Erich Ludendorff (1865-1937) left, the hero of World War One met weekly with a coterie of industrialists at the Hotel Four Seasons in Munich and plotted vengeance for Germany's war loss.
    The challenge was to mobilize the dispirited German worker to fight again. Ludendorff decided they needed a Joan D'Arc figure, a common person who heard God's voice, to lead them into battle. He even roamed the Bavarian Alps looking for a "red headed peasant girl" who could be sold as a divine messenger. 


    HITLER- ARMY AGENT

    Ludendorff and his friends " were like Hollywood scouts looking for talent..." At the same time Hitler was involved in an army "experiment." He was given money to hold meetings of the German Workers Party in taverns and buy everyone beer, sausages and pretzels. After some rousing songs, when everyone felt "happy and grateful," Hitler would jump on a chair or a table and started with "fellow-workers, Germany, awake!"

    "In such a genial atmosphere it was a pleasure for workers to awake and manly applaud everything." Mayr writes. "The experiment with Hitler was considered highly successful by his sponsors" and Hitler got the Jeanne D'Arc job.

    "The program was carefully concocted to fit with the wishful thinking of the majority." 

    The leaders knew "a minority must suffer, and so the German Jews were made the chief scapegoats because their destruction would gain millions of votes for the Nazis. Small shopkeepers hated Jews because they owned the chain stores; farmers wished their destruction because they were indebted to Jewish bankers; even intellectuals were jealous because Jews held lucrative positions in the arts and sciences and professions. The Communists also had to be destroyed, but that was because they took their orders from Russia and would never vote for an Imperial Germany."

    00mayr.jpg(Karl Mayr, 1883-1945)

    "The Nazis salesmen offered anything and everything to make the people war minded... Therefore, their sales talk was: Germany is a have-not country; other nations have all the wealth; Germany must fight them successfully, and so be entitled to that wealth." Thus the Nazis catered always to the desires of majority. "No one cared what happened to Germany as long as the result was the restoration of the good old days ..." 


    Hitler was looked upon as "a good salesman for the Nazi ideology, who would be paid off when he was no longer needed."

    HITLER THE FIGUREHEAD

    Mayr maintains that Hitler never was the real leader of Nazis. "As a leader, Hitler is probably the greatest hoax ever played on the world... His reports always had to be rewritten... His intellect was not higher than that of an eight-year-old child... Hitler has never been capable of making a decision of his own...he certainly never wrote a line of Mein Kampf; ...[but] was of course proud to sign his name as author of a book."

    "Before every important speech Hitler was, sometimes for days, closeted with Hess who in some unknown way, got Hitler into that frenetic state in which he came forth to address the public. Just before Hitler had appointments to receive statesmen or foreign correspondents, he was minutely coached as what to say. Sometimes when unexpected questions were put to him, he just walked away, or started his senseless political ranting."

    goering.jpgLudendorff soon lost control of Hitler to Ernst Roehm and Hermann Goering who engaged in a bitter war for Nazi supremacy that lasted a decade. Finally Goering won the battle in blood purge of June 30, 1934. By this time, Mayr had become associated with Roehm. We assume this is the basis of his information.

    "The way was now clear for Goering and he lost no time. Conscription; occupation of the Rhineland; total rearmament; intervention in Spain; invasion of Austria, Czechoslovakia, Poland and other countries followed."

    "Germany has many Fausts, but their Mephistopheles is Goering who was able, through crafty propagandists like Goebbels, to sell Hitler to the entire world as a patriotic superman. Goering alone engineered the burning of the Reichstag and had a feebleminded boy executed for it...It was he that arranged Hitler got the false material to convince him that Roehm intended to kill him unless he killed Roehm first. Goering's fawning on Hitler was sheer hypocrisy designed to mislead public opinion."

    The prevalent view of historians is that Goering was an ineffectual leader, who preferred to go hunting and collect (or steal) art than run the Luftwaffe. Supposedly he lived in fear of Hitler.


    CONCLUSION 

    Mayr's view is in stark contrast with the conventional view of Hitler. Either Mayr is lying or the majority of modern historians are engaged in building Hitler up to seem like a credible leader and personification of evil. During the war and after, Allied historians have largely ignored police reports that Hitler had been a homosexual and male prostitute in Vienna.

    I believe that Hitler was stage-managed by the Illuminati, i.e. Freemasons organized around the Rothschild's desire for world tyranny to protect their monopoly on credit. I believe someone like Lionel Rothschild was referring to a Hitler figure when he wrote in the Protocols of Zion:

    The Secret Masonry is setting up "our own, to all appearance, off position, which in at least one of its organs will present what looks like the very antipodes to us. Our real opponents at heart will accept this simulated opposition as their own and will show us their cards." (Protocol 12.11)

      Chris Jon Bjerknes has shown that the Rothschilds belonged to a heretical Jewish sect, the Sabbateans, who believed that, as King of the Jews. the Rothschilds were destined to rule the world.

    In the Protocols, Lionel Rothschild, talks about his world control by virtue of his credit monopoly. He says that when he "comes into [his] kingdom," he'll make sure private individuals like himself no longer exercise this power.

    He also says that if any state raises an objection to Rothschild domination, "it is only pro forma, at our discretion, and by our direction, for their anti-Semitism is indispensable to us for the management of our lesser brethren." (Protocol 9)

    My current hypothesis is that there is a direct line between Hitler and the Rothschild agenda, through a long line of "cutouts" (agents). Some of these cutouts were "useful idiots" like Erich Ludendorff who retired from politics when he realized Rothschild's Bank of England was financing Hitler.

    Max_Warburg_1905 (1).jpg(You know Warburg was pulling the strings because Wikipedia has almost no info on him.)

    Possibly Max Warburg, Chief of German Army Intelligence, member of the Rothschild- affiliated banking family, and Mayr's real boss in 1919, was the Rothschild point-man in the "Hitler Experiment." Through the "secret masonry" the central bankers created both Communism and Nazism which, thanks to WWII, advanced the destruction of Western (Christian) civilization.

    The human race is fast becoming the Rothschilds' ant farm. Thanks to their control over the media and education (through cutouts), information and entertainment are mostly tools for social control and behavior modification. Obscure documents like Captain Mayr's "I was Hitler's Boss" remind us that we are manipulated and betrayed in a most egregious way.
    -------- 

    (Updated from  May 31, 2008.) 


    Related:  More on Mayr and Hitler's career as "political officer." 

    Hitler was Illuminati Hired Gun

    Hitler Used Rothschild Banker's Typewriter
    and  Did Bormann Run Hitler for the Illuminati?

     ----

    Thanks to John Hankey for bringing Mayr to my attention. John is the creator of the video JFK II-The Bush Connection.

     


              B'nai Brith-ADL Does Not Represent Jews         
    A reader: "Just an idea. You should get some articles on the [B'nai Brith] Anti Defamation League and their involvement with the conspiracy."


    The B'nai Brith masquerades as a "human rights" organization. In fact, it is a satanic secret society 
    dedicated to enslaving humanity
    by stigmatizing resistance to their tyranny as "hate."




     "In 2004, the organization reported a membership of more than 215,000, with members in 51 countries and a U.S. budget of $20,000,000. Approximately 85 percent of the membership is in the United States." There are at least ten million Jews in the US. Yet, like Zionists, these imposters claim to represent all Jews. 


    By Henry Makow, Ph.D.
    Updated from Oct 28 2005

    While claiming to represent "the interests of the worldwide Jewish Community" the B'nai Brith is in fact a Masonic Order that represents British Freemasonry and shifts blame for its Luciferian "world government" agenda onto Jews in general. Thus, while pretending to fight anti-Semitism, it actually exacerbates it and puts Jews in jeopardy.

    The B'nai B'rith has no mandate to represent the Jewish people. But by equating opposition to the globalist agenda with anti-Semitism, it ensures that Jews are blamed for the emerging New World Order.

    For example, recently a forum posted an item about B'nai Brith advocacy of "Hate Laws" and Internet censorship. A member of the forum responded, "Those Jews are setting themselves up for extermination again."

    Thus "Jews" become the scapegoat for the Freemason agenda despite the fact that most Jews are vague or ambivalent about their Jewish identity. Only 20% are observant.  

    isc.jpegYes, most Jews who are ignorant of the Masonic plan naively subscribe to liberalism, Zionism and the phoney "War on Terror." They might be surprised to learn that the Star of David featured on the Israeli flag is an occult symbol and was never a Jewish symbol in the Old Testament; that most Israeli leaders, like American Presidents, are Freemasons; and that the Israeli Supreme Court is loaded with Masonic symbolism, and is located along Satanic "ley" lines. Financed and designed by the Rothschilds, it will be the court of the New World Order. 

     "In 2004, the organization reported a membership of more than 215,000, with members in 51 countries and a U.S. budget of $20,000,000. Approximately 85 percent of the membership is in the United States." There are at least ten million Jews in the US if you include cryptos. Yet, like Zionists, these imposters claim to represent all Jews. 

    SUBVERSION OF THE WEST

    The B'nai Brith-ADL is probably active in your city. It approaches local schools, private companies, and professional associations offering indoctrination in "diversity" and "hate crimes." It trains the local police in political crimes. "Hate" is anything or anyone that interferes with the world government agenda, partly listed on the ADL website .
    isis2.gif
    The B'nai Brith is part of the Masonic Scottish Rite Order established in 1843. It's militant arm, the "Anti Defamation League" (ADL) was formed in 1913, the same year as the US Federal Reserve.

    According to The Ugly Truth About the ADL (1992) by the Executive Intelligence Review, the B'nai Brith has always played a leading role in returning the US to the Masonic control of the British Crown. (a.k.a The New World Order.)

    "Not only is the ADL emphatically not a Jewish civil rights lobby; the ADL and its parent agency B'nai Brith have been from their inception, arms of the British secret intelligence services and secret societies that are sworn enemies of the United States. The B'nai B'rith and the ADL have used their nominal Jewishness to conceal their actual allegiance and agenda." (Ugly Truth, p.3)

    The B'nai Brith/ Scottish Rite was instrumental in starting the Ku Klux Klan and causing the US Civil War, which destroyed the flower of American manhood. A B'nai Brith leader, Simon Wolf, was a Confederate spy and was implicated in the assassination of Abraham Lincoln, the first of many such coup d'etats  (i.e. the assassinations of Presidents Garfield, McKinley, Kennedy.)

    The book goes on to detail ADL links to organized crime, drugs and prostitution, domestic spying, the purchase of the US Congress and the removal of Christianity from public institutions. It says the ADL fought Texas legislation to prosecute satanic ritual crimes and lost numerous libel suits for defaming critics as "anti-Semites."
     

    ADL SHILLS FOR ELITE AGENDA


    As I have said, the mainspring of the New World Order is the private central bankers' need to translate their unlimited financial power, derived from their control of government credit, into permanent world institutions of political and social control.

    PUTZ10x (1).jpg(Our "leaders" like Canadian PM Stephen Harper owe their position to the B'nai Brith)

    Millions of non-Jews and a disproportionate number of Jews have sold their souls to these Lucifer-loving bankers. Led by the Rothschilds and the Rockefellers, the banking cartel is behind the Sept. 11 attacks, the Afghanistan, Iraq and Syria wars and false flag terror (which incidentally has stopped since Nov. 8, 2016.) 

    They are behind the B'nai Brith-ADL.  Take their "Diversity" program for example. You cannot work for a large corporation or government today without receiving this insulting Stalinist indoctrination which forces us to embrace human "differences" regardless of their merit. A measure of the Masonic control of Western society is that "Diversity" was never debated or put to a vote. It became the official ideology as if by magic.

    Particularly distasteful is the ADL's "early childhood initiative" which targets 3-5 year-olds for indoctrination. They hide behind a smokescreen of platitudes but the net effect is that youngsters of European origin do not learn pride in their national or cultural heritage. The ADL boasts that 375,000 teachers and 12 million students have participated in these programs.

    Masons-police-02 (1).jpg
    (Training of US police in Israel raises the spectre that our police are really a Zionist occupational force.)







    In the workplace, "Diversity" discriminates against Europeans, and particularly white heterosexual males by favoring women, coloreds and homosexuals. People are chosen on the basis of this political profile instead of their competence, which would be truly non-discriminatory and fair, not-to-mention efficient.

    merkel-award (4).jpg
    (left, German Chancellor Angela Merkel receives B'nai Brith award in 2008)

    The purpose is to fragment society and destabilize the family so there is no coherent basis for resistance to world government. At the same time, the ADL actively promotes Zionist education and consciousness, including free trips to Israel for Jewish youth. Thus Jews are indoctrinated to promote the Masonic agenda and to take the fall when the time comes.

    The B'nai B'rith-ADL doesn't represent Jews. It represents Masonic Jewish Bankers, who plot the demise of Western Civilization.

    ------------------
    After giving the filmmaker considerable access, ADL Director Abe Foxman suppressed this movie because it revealed there is precious little anti-Semitism, certainly not enough to justify the ADL's 29 US offices, annual $70,000,000 annual fund raising, not to mention Foxman's $527,000 salary. - See more at: https://www.henrymakow.com/zionists_create_anti-semitism.html#sthash.pYh2h05e.dpuf
    Related - Makow  Film Exposes ADL's Antisemitism Racket -  This article is being blocked on the Internet. Doesn't that speak volumes?
    I will post it again soon. Meanwhile, here is the film. Watch it.
    After giving the filmmaker considerable access, ADL Director Abe Foxman suppressed this movie because it revealed there is precious little anti-Semitism, certainly not enough to justify the ADL's 29 US offices, annual $70,000,000 annual fund raising, not to mention Foxman's $527,000 salary. - See more at: https://www.henrymakow.com/zionists_create_anti-semitism.html#sthash.pYh2h05e.dpuf
    After giving the filmmaker considerable access, ADL Director Abe Foxman suppressed this movie because it revealed there is precious little anti-Semitism, certainly not enough to justify the ADL's 29 US offices, annual $70,000,000 annual fund raising, not to mention Foxman's $527,000 salary. - See more at: https://www.henrymakow.com/zionists_create_anti-semitism.html#sthash.pYh2h05e.dpuf
    After giving the filmmaker considerable access, ADL Director Abe Foxman suppressed this movie because it revealed there is precious little anti-Semitism, certainly not enough to justify the ADL's 29 US offices, annual $70,000,000 annual fund raising, not to mention Foxman's $527,000 salary. - See more at: https://www.henrymakow.com/zionists_create_anti-semitism.html#sthash.pYh2h05e.dpuf

    See also my "Freemasonry: Mankind's Death Wish"

    See also ADL Watch



              Setor de gestão de fortunas cresce 7,3% no ano e 17% em 12 meses        

    O mercado de gestão de fortunas, ou private banking, fechou o primeiro semestre com um crescimento de 7,3% na comparação …

    O post Setor de gestão de fortunas cresce 7,3% no ano e 17% em 12 meses apareceu primeiro em Arena do Pavini.


              As someone who works in        

    In reply to Could you comment more on the

    As someone who works in public accounting but is making the transition to investment banking I feel a bit biased but here is what I have always told myself. I love finance, I double-majored in finance and accounting and got a minor in economics. I did my time in public accounting (I really did enjoy the audit/tax side of privately-held companies) in order to build up my resume. A close family friend of mine (CFO of Baker Hughes) put it to me like this, "Think about it, the ultimate position for someone who works in the field of finance would be the CFO, President, etc., role in a large, publicly-traded company. In this position you need to have a profound understanding of how corporation's are managed and ran from a financial standpoint. This practice in all actuality is more in the realm of accounting AND finance rather than finance. You CANNOT be a CFO without having an understanding of how your corporation's accounting practices (risk, control, reporting, etc.) operate. That being said, although the CPA might not align as congruently with the less-senior roles in finance/investment banking, it is ABSOLUTELY the most beneficial to almost anyone serving in a c-suite or executive role (aside from those technically specific such as chief technology officer, chief engineering officer, etc.) . Additionally, the CFA designation by the time you reach these positions is quite unnecessary, and the trade-off value between the CPA-CFA designations when you start out in the finance industry ranges from marginal to non-existent (even some companies prefer the CPA designation in investment banking over the CFA)."


              FSC: Extensity: FSC: The        

    In reply to Any Reputable Designations that are Attainable Without a BA/Wor

    FSC:
    Extensity:
    FSC:

    The only reputable/worthwhile ones require work experience and / or a college degree. I'm thinking CFA, FRM, CAIA. Those cover a pretty wide array of industries.

    If you're looking for something to do in your gap year, complete a course on Excel/PowerPoint so you know advanced functions, then do a financial modeling course from WSP or Factset. Additionally, learn a language and if you have the opportunity, do an internship or development/immersion program somewhere.

    That's what I'd have done, if I could go back and do it over with a gap year. Designations are mainly for people in industry; getting them during senior year of college is already very early. There's is absolutely no need for you to pursue one after high school.

    Thank you for your reply. I looked into all three of the aforementioned. CAIA will let me take the exams without having a BA or work experience, but says that I need to fulfil the work experience component, as well as the BA, within 5 years of completing the level II exam. I'll take your recommendations and will put off designations for the time being.

    I have an internship working at a VC firm lined up but that's not nearly long enough to take up my entire gap year. I will definitely look into getting something else, hopefully in investment banking. Problem is I'm a complete beginner. If I completed a course on Excel/Powerpoint and learned financial modeling would I be paid internship ready at an investment bank as an analyst?

    Do you have any recommendations for the Excel/Powerpoint courses?

    How does this course from WSP look? -- http://www.wallstreetprep.com/programs/self_study/premium_package.php

    I was thinking about Arabic, Latin, or Mandarin.

    I think so. You sound advanced, or at least conscientious of what you're getting into. After the modeling courses and learning some Excel, I think you'll be very ready for almost any internship. Keep in mind that SA positions are almost exclusively for students in their penultimate year of college; however, with this preparation, you'll be beyond ready for it come that time.

    The WSP course is the usual recommendation, and I've worked with them briefly to set it up on my school's campus. I'm personally ordering the Factset course based on a tip from an analyst I know. The point at your stage of the game is to learn the material, so whatever is most time- and cost-effective should do. WSP seems fine.

    If you'd like to learn a language, I say you should try Mandarin. However, keep in mind that non-Latin languages pretty much require you to have a big interest in the culture. Arabic and Mandarin are two of the most difficult to learn languages one can think of, and you can't wing it or go gung-ho to learn either of them. I speak from personal experience on Mandarin.

    Don't learn Latin. Dead language, and it's usefulness beyond improving your English (which it does) is almost nil. Consider Spanish if you want an easier language (native speaker; it doesn't require any real immersion so long as you have some exposure).

    I think that between the VC internship, modeling courses and picking up a language, you'll have established a very strong foundation for your college career. The additional internship to go with the VC position would further strengthen your resume. Good luck.

    Certainly am. Alright, I'm sure they're not going to expect the world out of me, it being an internship at my age. Duly noted, it doesn't need to be an investment banking internship; I'll take what I can get.

    Yeah, I was worried about that. I'll look into it a little more. I couldn't care less about any culture aside from the one I'm living in.

    Thanks, and thanks for the wealth of information! I appreciate it!


              Extensity: FSC: The only        

    In reply to Any Reputable Designations that are Attainable Without a BA/Wor

    Extensity:
    FSC:

    The only reputable/worthwhile ones require work experience and / or a college degree. I'm thinking CFA, FRM, CAIA. Those cover a pretty wide array of industries.

    If you're looking for something to do in your gap year, complete a course on Excel/PowerPoint so you know advanced functions, then do a financial modeling course from WSP or Factset. Additionally, learn a language and if you have the opportunity, do an internship or development/immersion program somewhere.

    That's what I'd have done, if I could go back and do it over with a gap year. Designations are mainly for people in industry; getting them during senior year of college is already very early. There's is absolutely no need for you to pursue one after high school.

    Thank you for your reply. I looked into all three of the aforementioned. CAIA will let me take the exams without having a BA or work experience, but says that I need to fulfil the work experience component, as well as the BA, within 5 years of completing the level II exam. I'll take your recommendations and will put off designations for the time being.

    I have an internship working at a VC firm lined up but that's not nearly long enough to take up my entire gap year. I will definitely look into getting something else, hopefully in investment banking. Problem is I'm a complete beginner. If I completed a course on Excel/Powerpoint and learned financial modeling would I be paid internship ready at an investment bank as an analyst?

    Do you have any recommendations for the Excel/Powerpoint courses?

    How does this course from WSP look? -- http://www.wallstreetprep.com/programs/self_study/premium_package.php

    I was thinking about Arabic, Latin, or Mandarin.

    I think so. You sound advanced, or at least conscientious of what you're getting into. After the modeling courses and learning some Excel, I think you'll be very ready for almost any internship. Keep in mind that SA positions are almost exclusively for students in their penultimate year of college; however, with this preparation, you'll be beyond ready for it come that time.

    The WSP course is the usual recommendation, and I've worked with them briefly to set it up on my school's campus. I'm personally ordering the Factset course based on a tip from an analyst I know. The point at your stage of the game is to learn the material, so whatever is most time- and cost-effective should do. WSP seems fine.

    If you'd like to learn a language, I say you should try Mandarin. However, keep in mind that non-Latin languages pretty much require you to have a big interest in the culture. Arabic and Mandarin are two of the most difficult to learn languages one can think of, and you can't wing it or go gung-ho to learn either of them. I speak from personal experience on Mandarin.

    Don't learn Latin. Dead language, and it's usefulness beyond improving your English (which it does) is almost nil. Consider Spanish if you want an easier language (native speaker; it doesn't require any real immersion so long as you have some exposure).

    I think that between the VC internship, modeling courses and picking up a language, you'll have established a very strong foundation for your college career. The additional internship to go with the VC position would further strengthen your resume. Good luck.


              FSC: The only        

    In reply to Any Reputable Designations that are Attainable Without a BA/Wor

    FSC:

    The only reputable/worthwhile ones require work experience and / or a college degree. I'm thinking CFA, FRM, CAIA. Those cover a pretty wide array of industries.

    If you're looking for something to do in your gap year, complete a course on Excel/PowerPoint so you know advanced functions, then do a financial modeling course from WSP or Factset. Additionally, learn a language and if you have the opportunity, do an internship or development/immersion program somewhere.

    That's what I'd have done, if I could go back and do it over with a gap year. Designations are mainly for people in industry; getting them during senior year of college is already very early. There's is absolutely no need for you to pursue one after high school.

    Thank you for your reply. I looked into all three of the aforementioned. CAIA will let me take the exams without having a BA or work experience, but says that I need to fulfil the work experience component, as well as the BA, within 5 years of completing the level II exam. I'll take your recommendations and will put off designations for the time being.

    I have an internship working at a VC firm lined up but that's not nearly long enough to take up my entire gap year. I will definitely look into getting something else, hopefully in investment banking. Problem is I'm a complete beginner. If I completed a course on Excel/Powerpoint and learned financial modeling would I be paid internship ready at an investment bank as an analyst?

    Do you have any recommendations for the Excel/Powerpoint courses?

    How does this course from WSP look? -- http://www.wallstreetprep.com/programs/self_study/premium_package.php

    I was thinking about Arabic, Latin, or Mandarin.


              100 announcements (!) from Google Cloud Next '17        

    San Francisco — What a week! Google Cloud Next ‘17 has come to the end, but really, it’s just the beginning. We welcomed 10,000+ attendees including customers, partners, developers, IT leaders, engineers, press, analysts, cloud enthusiasts (and skeptics). Together we engaged in 3 days of keynotes, 200+ sessions, and 4 invitation-only summits. Hard to believe this was our first show as all of Google Cloud with GCP, G Suite, Chrome, Maps and Education. Thank you to all who were here with us in San Francisco this week, and we hope to see you next year.

    If you’re a fan of video highlights, we’ve got you covered. Check out our Day 1 keynote (in less than 4 minutes) and Day 2 keynote (in under 5!).

    One of the common refrains from customers and partners throughout the conference was “Wow, you’ve been busy. I can’t believe how many announcements you’ve had at Next!” So we decided to count all the announcements from across Google Cloud and in fact we had 100 (!) announcements this week.

    For the list lovers amongst you, we’ve compiled a handy-dandy run-down of our announcements from the past few days:

    100-announcements-15

    Google Cloud is excited to welcome two new acquisitions to the Google Cloud family this week, Kaggle and AppBridge.

    1. Kaggle - Kaggle is one of the world's largest communities of data scientists and machine learning enthusiasts. Kaggle and Google Cloud will continue to support machine learning training and deployment services in addition to offering the community the ability to store and query large datasets.

    2. AppBridge - Google Cloud acquired Vancouver-based AppBridge this week, which helps you migrate data from on-prem file servers into G Suite and Google Drive.

    100-announcements-4

    Google Cloud brings a suite of new security features to Google Cloud Platform and G Suite designed to help safeguard your company’s assets and prevent disruption to your business: 

    3. Identity-Aware Proxy (IAP) for Google Cloud Platform (Beta) - Identity-Aware Proxy lets you provide access to applications based on risk, rather than using a VPN. It provides secure application access from anywhere, restricts access by user, identity and group, deploys with integrated phishing resistant Security Key and is easier to setup than end-user VPN.

    4. Data Loss Prevention (DLP) for Google Cloud Platform (Beta) - Data Loss Prevention API lets you scan data for 40+ sensitive data types, and is used as part of DLP in Gmail and Drive. You can find and redact sensitive data stored in GCP, invigorate old applications with new sensitive data sensing “smarts” and use predefined detectors as well as customize your own.

    5. Key Management Service (KMS) for Google Cloud Platform (GA) - Key Management Service allows you to generate, use, rotate, and destroy symmetric encryption keys for use in the cloud.

    6. Security Key Enforcement (SKE) for Google Cloud Platform (GA) - Security Key Enforcement allows you to require security keys be used as the 2-Step verification factor for enhanced anti-phishing security whenever a GCP application is accessed.

    7. Vault for Google Drive (GA) - Google Vault is the eDiscovery and archiving solution for G Suite. Vault enables admins to easily manage their G Suite data lifecycle and search, preview and export the G Suite data in their domain. Vault for Drive enables full support for Google Drive content, including Team Drive files.

    8. Google-designed security chip, Titan - Google uses Titan to establish hardware root of trust, allowing us to securely identify and authenticate legitimate access at the hardware level. Titan includes a hardware random number generator, performs cryptographic operations in the isolated memory, and has a dedicated secure processor (on-chip).

    100-announcements-7

    New GCP data analytics products and services help organizations solve business problems with data, rather than spending time and resources building, integrating and managing the underlying infrastructure:

    9. BigQuery Data Transfer Service (Private Beta) - BigQuery Data Transfer Service makes it easy for users to quickly get value from all their Google-managed advertising datasets. With just a few clicks, marketing analysts can schedule data imports from Google Adwords, DoubleClick Campaign Manager, DoubleClick for Publishers and YouTube Content and Channel Owner reports.

    10. Cloud Dataprep (Private Beta) - Cloud Dataprep is a new managed data service, built in collaboration with Trifacta, that makes it faster and easier for BigQuery end-users to visually explore and prepare data for analysis without the need for dedicated data engineer resources.

    11. New Commercial Datasets - Businesses often look for datasets (public or commercial) outside their organizational boundaries. Commercial datasets offered include financial market data from Xignite, residential real-estate valuations (historical and projected) from HouseCanary, predictions for when a house will go on sale from Remine, historical weather data from AccuWeather, and news archives from Dow Jones, all immediately ready for use in BigQuery (with more to come as new partners join the program).

    12. Python for Google Cloud Dataflow in GA - Cloud Dataflow is a fully managed data processing service supporting both batch and stream execution of pipelines. Until recently, these benefits have been available solely to Java developers. Now there’s a Python SDK for Cloud Dataflow in GA.

    13. Stackdriver Monitoring for Cloud Dataflow (Beta) - We’ve integrated Cloud Dataflow with Stackdriver Monitoring so that you can access and analyze Cloud Dataflow job metrics and create alerts for specific Dataflow job conditions.

    14. Google Cloud Datalab in GA - This interactive data science workflow tool makes it easy to do iterative model and data analysis in a Jupyter notebook-based environment using standard SQL, Python and shell commands.

    15. Cloud Dataproc updates - Our fully managed service for running Apache Spark, Flink and Hadoop pipelines has new support for restarting failed jobs (including automatic restart as needed) in beta, the ability to create single-node clusters for lightweight sandbox development, in beta, GPU support, and the cloud labels feature, for more flexibility managing your Dataproc resources, is now GA.

    100-announcements-9

    New GCP databases and database features round out a platform on which developers can build great applications across a spectrum of use cases:

    16. Cloud SQL for Postgre SQL (Beta) - Cloud SQL for PostgreSQL implements the same design principles currently reflected in Cloud SQL for MySQL, namely, the ability to securely store and connect to your relational data via open standards.

    17. Microsoft SQL Server Enterprise (GA) - Available on Google Compute Engine, plus support for Windows Server Failover Clustering (WSFC) and SQL Server AlwaysOn Availability (GA).

    18. Cloud SQL for MySQL improvements - Increased performance for demanding workloads via 32-core instances with up to 208GB of RAM, and central management of resources via Identity and Access Management (IAM) controls.

    19. Cloud Spanner - Launched a month ago, but still, it would be remiss not to mention it because, hello, it’s Cloud Spanner! The industry’s first horizontally scalable, globally consistent, relational database service.

    20. SSD persistent-disk performance improvements - SSD persistent disks now have increased throughput and IOPS performance, which are particularly beneficial for database and analytics workloads. Read these docs for complete details about persistent-disk performance.

    21. Federated query on Cloud Bigtable - We’ve extended BigQuery’s reach to query data inside Cloud Bigtable, the NoSQL database service for massive analytic or operational workloads that require low latency and high throughput (particularly common in Financial Services and IoT use cases).

    100-announcements-11

    New GCP Cloud Machine Learning services bolster our efforts to make machine learning accessible to organizations of all sizes and sophistication:

    22.  Cloud Machine Learning Engine (GA) - Cloud ML Engine, now generally available, is for organizations that want to train and deploy their own models into production in the cloud.

    23. Cloud Video Intelligence API (Private Beta) - A first of its kind, Cloud Video Intelligence API lets developers easily search and discover video content by providing information about entities (nouns such as “dog,” “flower”, or “human” or verbs such as “run,” “swim,” or “fly”) inside video content.

    24. Cloud Vision API (GA) - Cloud Vision API reaches GA and offers new capabilities for enterprises and partners to classify a more diverse set of images. The API can now recognize millions of entities from Google’s Knowledge Graph and offers enhanced OCR capabilities that can extract text from scans of text-heavy documents such as legal contracts or research papers or books.

    25. Machine learning Advanced Solution Lab (ASL) - ASL provides dedicated facilities for our customers to directly collaborate with Google’s machine-learning experts to apply ML to their most pressing challenges.

    26. Cloud Jobs API - A powerful aid to job search and discovery, Cloud Jobs API now has new features such as Commute Search, which will return relevant jobs based on desired commute time and preferred mode of transportation.

    27. Machine Learning Startup Competition - We announced a Machine Learning Startup Competition in collaboration with venture capital firms Data Collective and Emergence Capital, and with additional support from a16z, Greylock Partners, GV, Kleiner Perkins Caufield & Byers and Sequoia Capital.

    100-announcements-10

    New GCP pricing continues our intention to create customer-friendly pricing that’s as smart as our products; and support services that are geared towards meeting our customers where they are:

    28. Compute Engine price cuts - Continuing our history of pricing leadership, we’ve cut Google Compute Engine prices by up to 8%.

    29. Committed Use Discounts - With Committed Use Discounts, customers can receive a discount of up to 57% off our list price, in exchange for a one or three year purchase commitment paid monthly, with no upfront costs.

    30. Free trial extended to 12 months - We’ve extended our free trial from 60 days to 12 months, allowing you to use your $300 credit across all GCP services and APIs, at your own pace and schedule. Plus, we’re introduced new Always Free products -- non-expiring usage limits that you can use to test and develop applications at no cost. Visit the Google Cloud Platform Free Tier page for details.

    31. Engineering Support - Our new Engineering Support offering is a role-based subscription model that allows us to match engineer to engineer, to meet you where your business is, no matter what stage of development you’re in. It has 3 tiers:

    • Development engineering support - ideal for developers or QA engineers that can manage with a response within four to eight business hours, priced at $100/user per month.
    • Production engineering support provides a one-hour response time for critical issues at $250/user per month.
    • On-call engineering support pages a Google engineer and delivers a 15-minute response time 24x7 for critical issues at $1,500/user per month.

    32. Cloud.google.com/community site - Google Cloud Platform Community is a new site to learn, connect and share with other people like you, who are interested in GCP. You can follow along with tutorials or submit one yourself, find meetups in your area, and learn about community resources for GCP support, open source projects and more.

    100-announcements-8

    New GCP developer platforms and tools reinforce our commitment to openness and choice and giving you what you need to move fast and focus on great code.

    33. Google AppEngine Flex (GA) - We announced a major expansion of our popular App Engine platform to new developer communities that emphasizes openness, developer choice, and application portability.

    34. Cloud Functions (Beta) - Google Cloud Functions has launched into public beta. It is a serverless environment for creating event-driven applications and microservices, letting you build and connect cloud services with code.

    35. Firebase integration with GCP (GA) - Firebase Storage is now Google Cloud Storage for Firebase and adds support for multiple buckets, support for linking to existing buckets, and integrates with Google Cloud Functions.

    36. Cloud Container Builder - Cloud Container Builder is a standalone tool that lets you build your Docker containers on GCP regardless of deployment environment. It’s a fast, reliable, and consistent way to package your software into containers as part of an automated workflow.

    37. Community Tutorials (Beta)  - With community tutorials, anyone can now submit or request a technical how-to for Google Cloud Platform.

    100-announcements-9

    Secure, global and high-performance, we’ve built our cloud for the long haul. This week we announced a slew of new infrastructure updates. 

    38. New data center region: California - This new GCP region delivers lower latency for customers on the West Coast of the U.S. and adjacent geographic areas. Like other Google Cloud regions, it will feature a minimum of three zones, benefit from Google’s global, private fibre network, and offer a complement of GCP services.

    39. New data center region: Montreal - This new GCP region delivers lower latency for customers in Canada and adjacent geographic areas. Like other Google Cloud regions, it will feature a minimum of three zones, benefit from Google’s global, private fibre network, and offer a complement of GCP services.

    40. New data center region: Netherlands - This new GCP region delivers lower latency for customers in Western Europe and adjacent geographic areas. Like other Google Cloud regions, it will feature a minimum of three zones, benefit from Google’s global, private fibre network, and offer a complement of GCP services.

    41. Google Container Engine - Managed Nodes - Google Container Engine (GKE) has added Automated Monitoring and Repair of your GKE nodes, letting you focus on your applications while Google ensures your cluster is available and up-to-date.

    42. 64 Core machines + more memory - We have doubled the number of vCPUs you can run in an instance from 32 to 64 and up to 416GB of memory per instance.

    43. Internal Load balancing (GA) - Internal Load Balancing, now GA, lets you run and scale your services behind a private load balancing IP address which is accessible only to your internal instances, not the internet.

    44. Cross-Project Networking (Beta) - Cross-Project Networking (XPN), now in beta, is a virtual network that provides a common network across several Google Cloud Platform projects, enabling simple multi-tenant deployments.

    100-announcements-16

    In the past year, we’ve launched 300+ features and updates for G Suite and this week we announced our next generation of collaboration and communication tools.

    45. Team Drives (GA for G Suite Business, Education and Enterprise customers) - Team Drives help teams simply and securely manage permissions, ownership and file access for an organization within Google Drive.

    46. Drive File Stream (EAP) - Drive File Stream is a way to quickly stream files directly from the cloud to your computer With Drive File Steam, company data can be accessed directly from your laptop, even if you don’t have much space on your hard drive.

    47. Google Vault for Drive (GA for G Suite Business, Education and Enterprise customers) - Google Vault for Drive now gives admins the governance controls they need to manage and secure all of their files, including employee Drives and Team Drives. Google Vault for Drive also lets admins set retention policies that automatically keep what’s needed and delete what’s not.

    48. Quick Access in Team Drives (GA) - powered by Google’s machine intelligence, Quick Access helps to surface the right information for employees at the right time within Google Drive. Quick Access now works with Team Drives on iOS and Android devices, and is coming soon to the web.

    49. Hangouts Meet (GA to existing customers) - Hangouts Meet is a new video meeting experience built on the Hangouts that can run 30-person video conferences without accounts, plugins or downloads. For G Suite Enterprise customers, each call comes with a dedicated dial-in phone number so that team members on the road can join meetings without wifi or data issues.

    50. Hangouts Chat (EAP) - Hangouts Chat is an intelligent communication app in Hangouts with dedicated, virtual rooms that connect cross-functional enterprise teams. Hangouts Chat integrates with G Suite apps like Drive and Docs, as well as photos, videos and other third-party enterprise apps.

    51. @meet - @meet is an intelligent bot built on top of the Hangouts platform that uses natural language processing and machine learning to automatically schedule meetings for your team with Hangouts Meet and Google Calendar.

    52. Gmail Add-ons for G Suite (Developer Preview) - Gmail Add-ons provide a way to surface the functionality of your app or service directly in Gmail. With Add-ons, developers only build their integration once, and it runs natively in Gmail on web, Android and iOS.

    53. Edit Opportunities in Google Sheets - with Edit Opportunities in Google Sheets, sales reps can sync a Salesforce Opportunity List View to Sheets to bulk edit data and changes are synced automatically to Salesforce, no upload required.

    54. Jamboard - Our whiteboard in the cloud goes GA in May! Jamboard merges the worlds of physical and digital creativity. It’s real time collaboration on a brilliant scale, whether your team is together in the conference room or spread all over the world.

    100-announcements-17

    Building on the momentum from a growing number of businesses using Chrome digital signage and kiosks, we added new management tools and APIs in addition to introducing support for Android Kiosk apps on supported Chrome devices. 

    55. Android Kiosk Apps for Chrome - Android Kiosk for Chrome lets users manage and deploy Chrome digital signage and kiosks for both web and Android apps. And with Public Session Kiosks, IT admins can now add a number of Chrome packaged apps alongside hosted apps.

    56. Chrome Kiosk Management Free trial - This free trial gives customers an easy way to test out Chrome for signage and kiosk deployments.

    57. Chrome Device Management (CDM) APIs for Kiosks - These APIs offer programmatic access to various Kiosk policies. IT admins can schedule a device reboot through the new APIs and integrate that functionality directly in a third- party console.

    58. Chrome Stability API - This new API allows Kiosk app developers to improve the reliability of the application and the system.

    100-announcements-2

    Attendees at Google Cloud Next ‘17 heard stories from many of our valued customers:

    59. Colgate - Colgate-Palmolive partnered with Google Cloud and SAP to bring thousands of employees together through G Suite collaboration and productivity tools. The company deployed G Suite to 28,000 employees in less than six months.

    60. Disney Consumer Products & Interactive (DCPI) - DCPI is on target to migrate out of its legacy infrastructure this year, and is leveraging machine learning to power next generation guest experiences.

    61. eBay - eBay uses Google Cloud technologies including Google Container Engine, Machine Learning and AI for its ShopBot, a personal shopping bot on Facebook Messenger.

    62. HSBC - HSBC is one of the world's largest financial and banking institutions and making a large investment in transforming its global IT. The company is working closely with Google to deploy Cloud DataFlow, BigQuery and other data services to power critical proof of concept projects.

    63. LUSH - LUSH migrated its global e-commerce site from AWS to GCP in less than six weeks, significantly improving the reliability and stability of its site. LUSH benefits from GCP’s ability to scale as transaction volume surges, which is critical for a retail business. In addition, Google's commitment to renewable energy sources aligns with LUSH's ethical principles.

    64. Oden Technologies - Oden was part of Google Cloud’s startup program, and switched its entire platform to GCP from AWS. GCP offers Oden the ability to reliably scale while keeping costs low, perform under heavy loads and consistently delivers sophisticated features including machine learning and data analytics.

    65. Planet - Planet migrated to GCP in February, looking to accelerate their workloads and leverage Google Cloud for several key advantages: price stability and predictability, custom instances, first-class Kubernetes support, and Machine Learning technology. Planet also announced the beta release of their Explorer platform.

    66. Schlumberger - Schlumberger is making a critical investment in the cloud, turning to GCP to enable high-performance computing, remote visualization and development velocity. GCP is helping Schlumberger deliver innovative products and services to its customers by using HPC to scale data processing, workflow and advanced algorithms.

    67. The Home Depot - The Home Depot collaborated with GCP’s Customer Reliability Engineering team to migrate HomeDepot.com to the cloud in time for Black Friday and Cyber Monday. Moving to GCP has allowed the company to better manage huge traffic spikes at peak shopping times throughout the year.

    68. Verizon - Verizon is deploying G Suite to more than 150,000 of its employees, allowing for collaboration and flexibility in the workplace while maintaining security and compliance standards. Verizon and Google Cloud have been working together for more than a year to bring simple and secure productivity solutions to Verizon’s workforce.

    100-announcements-3

    We brought together Google Cloud partners from our growing ecosystem across G Suite, GCP, Maps, Devices and Education. Our partnering philosophy is driven by a set of principles that emphasize openness, innovation, fairness, transparency and shared success in the cloud market. Here are some of our partners who were out in force at the show:

    69. Accenture - Accenture announced that it has designed a mobility solution for Rentokil, a global pest control company, built in collaboration with Google as part of the partnership announced at Horizon in September.

    70. Alooma - Alooma announced the integration of the Alooma service with Google Cloud SQL and BigQuery.

    71. Authorized Training Partner Program - To help companies scale their training offerings more quickly, and to enable Google to add other training partners to the ecosystem, we are introducing a new track within our partner program to support their unique offerings and needs.

    72. Check Point - Check Point® Software Technologies announced Check Point vSEC for Google Cloud Platform, delivering advanced security integrated with GCP as well as their joining of the Google Cloud Technology Partner Program.

    73. CloudEndure - We’re collaborating with CloudEndure to offer a no cost, self-service migration tool for Google Cloud Platform (GCP) customers.

    74. Coursera - Coursera announced that it is collaborating with Google Cloud Platform to provide an extensive range of Google Cloud training course. To celebrate this announcement  Coursera is offering all NEXT attendees a 100% discount for the GCP fundamentals class.

    75. DocuSign - DocuSign announced deeper integrations with Google Docs.

    76. Egnyte - Egnyte announced an enhanced integration with Google Docs that will allow our joint customers to create, edit, and store Google Docs, Sheets and Slides files right from within the Egnyte Connect.

    77. Google Cloud Global Partner Awards - We recognized 12 Google Cloud partners that demonstrated strong customer success and solution innovation over the past year: Accenture, Pivotal, LumApps, Slack, Looker, Palo Alto Networks, Virtru, SoftBank, DoIT, Snowdrop Solutions, CDW Corporation, and SYNNEX Corporation.

    78. iCharts - iCharts announced additional support for several GCP databases, free pivot tables for current Google BigQuery users, and a new product dubbed “iCharts for SaaS.”

    79. Intel - In addition to the progress with Skylake, Intel and Google Cloud launched several technology initiatives and market education efforts covering IoT, Kubernetes and TensorFlow, including optimizations, a developer program and tool kits.

    80. Intuit - Intuit announced Gmail Add-Ons, which are designed to integrate custom workflows into Gmail based on the context of a given email.

    81. Liftigniter - Liftigniter is a member of Google Cloud’s startup program and focused on machine learning personalization using predictive analytics to improve CTR on web and in-app.

    82. Looker - Looker launched a suite of Looker Blocks, compatible with Google BigQuery Data Transfer Service, designed to give marketers the tools to enhance analysis of their critical data.

    83. Low interest loans for partners - To help Premier Partners grow their teams, Google announced that capital investment are available to qualified partners in the form of low interest loans.

    84. MicroStrategy - MicroStrategy announced an integration with Google Cloud SQL for PostgreSQL and Google Cloud SQL for MySQL.

    85. New incentives to accelerate partner growth - We are increasing our investments in multiple existing and new incentive programs; including, low interest loans to help Premier Partners grow their teams, increasing co-funding to accelerate deals, and expanding our rebate programs.

    86. Orbitera Test Drives for GCP Partners - Test Drives allow customers to try partners’ software and generate high quality leads that can be passed directly to the partners’ sales teams. Google is offering Premier Cloud Partners one year of free Test Drives on Orbitera.

    87. Partner specializations - Partners demonstrating strong customer success and technical proficiency in certain solution areas will now qualify to apply for a specialization. We’re launching specializations in application development, data analytics, machine learning and infrastructure.

    88. Pivotal - GCP announced Pivotal as our first CRE technology partner. CRE technology partners will work hand-in-hand with Google to thoroughly review their solutions and implement changes to address identified risks to reliability.

    89. ProsperWorks - ProsperWorks announced Gmail Add-Ons, which are designed to integrate custom workflows into Gmail based on the context of a given email.

    90. Qwiklabs - This recent acquisition will provide Authorized Training Partners the ability to offer hands-on labs and comprehensive courses developed by Google experts to our customers.

    91. Rackspace - Rackspace announced a strategic relationship with Google Cloud to become its first managed services support partner for GCP, with plans to collaborate on a new managed services offering for GCP customers set to launch later this year.

    92. Rocket.Chat - Rocket.Chat, a member of Google Cloud’s startup program, is adding a number of new product integrations with GCP including Autotranslate via Translate API, integration with Vision API to screen for inappropriate content, integration to NLP API to perform sentiment analysis on public channels, integration with GSuite for authentication and a full move of back-end storage to Google Cloud Storage.

    93. Salesforce - Salesforce announced Gmail Add-Ons, which are designed to integrate custom workflows into Gmail based on the context of a given email.

    94. SAP - This strategic partnership includes certification of SAP HANA on GCP, new G Suite integrations and future collaboration on building machine learning features into intelligent applications like conversational apps that guide users through complex workflows and transactions.

    95. Smyte - Smyte participated in the Google Cloud startup program and protects millions of actions a day on websites and mobile applications. Smyte recently moved from self-hosted Kubernetes to Google Container Engine (GKE).

    96. Veritas - Veritas expanded its partnership with Google Cloud to provide joint customers with 360 Data Management capabilities. The partnership will help reduce data storage costs, increase compliance and eDiscovery readiness and accelerate the customer’s journey to Google Cloud Platform.

    97. VMware Airwatch - Airwatch provides enterprise mobility management solutions for Android and continues to drive the Google Device ecosystem to enterprise customers.

    98. Windows Partner Program- We’re working with top systems integrators in the Windows community to help GCP customers take full advantage of Windows and .NET apps and services on our platform.

    99. Xplenty - Xplenty announced the addition of two new services from Google Cloud into their available integrations: Google Cloud Spanner and Google Cloud SQL for PostgreSQL.

    100. Zoomdata - Zoomdata announced support for Google’s Cloud Spanner and PostgreSQL on GCP, as well as enhancements to the existing Zoomdata Smart Connector for Google BigQuery. With these new capabilities Zoomdata offers deeply integrated and optimized support for Google Cloud Platform’s Cloud Spanner, PostgreSQL, Google BigQuery, and Cloud DataProc services.

    We’re thrilled to have so many new products and partners that can help all of our customers grow. And as our final announcement for Google Cloud Next ’17 — please save the date for Next 2018: June 4–6 in San Francisco.

    I guess that makes it 101. :-)



              OECD Tax man ready to change blacklisting rules on Panama        

    FINANCIAL AFFAIRS

    OECD says Panama pledge a positive step

    The country faces a review on its financial services sector by the Global Forum.


    Following the announcement of President Juan Carlos Varela on the commitment of Panama to exchange financial information, the director of the Center for Fiscal Policy and Administration of the Organization for Economic Cooperation and Development (OECD) Pascal Saint-Amans acknowledged that the pledge is a step forward for Panama but said the country still has a long way to go.
    Saint-Amans spoke with La Prensa during the annual meetings of the International Monetary Fund and World Bank, which concluded yesterday in Lima, Peru. The following are questions and answers from the interview.
    What do you think of Varela's pledge?
    It is a good step forward. In October of last year, 94 countries committed themselves to the automatic exchange of information. They pledged to implement the standard. Panama was one of the few jurisdictions that did not make the pledge, along with Bahrain, the Marshall Islands, Vanuatu and Nauru, with Panama being the only significant financial center.
    Panama said it would exchange information, but that it would not accede to a multilateral convention. what is your opinion of that?
    From a legal point of view, once a commitment is made, it has to be implemented. To share information, it can be done through a multilateral convention, or it can be done bilaterally. In that case, one should move fast if you want to grant the exchange of information to all interested countries that meet the standard of confidentiality.
    Do you think that Panama will pass to the second phase of the review of its jurisdiction?
    The peer review, which includes 30 countries, has made that recommendation to the Global Forum, which has until the end of October to decide. I think it was premature of Panama to announce that, as it broke the rules of confidentiality. It is more than likely, but who knows. There are members of the Global Forum who are not in the peer review group. We have to wait for the Global Forum, which is the sole decision-making body in this matter. In substance, it is true that the members of the review group have recognized some progress that was made in Panama.

    Varela said that debate on the exchange of information should be conducted in the UN. Do you agree?
    It is an opinion I respect completely. But in this case, there are 127 jurisdictions, including Panama, that are members of the Global Forum. What matters is that all countries are equal. No longer is the OECD a group of countries dictating what rules other countries have to make.
    In Panama there is a concern because the steps demanded by the OECD could hurt the competitiveness of the financial services industry. Do you agree?
    It is not true. Because all countries have moved. What happens is actually the opposite. Panama won a competitive advantage by not conforming. That is why other countries think that the situation is very unfair because Panama is receiving money that they have lost. The perception in Panama is really different from the perception outside.
    Do you think that those flows of money look to hide the funds from tax authorities?
    The reviewer group will decide that. But that's basically what we heard from the banking industry.
    In the country there is a sense that a double standard is used. That the United States is not required to provide information with the same level of transparency that it demands from Panama. Is that a fair statement?
    The rules are the same the United States is expected to act with reciprocity with any other country. Look at the review of the United States. It has a mark in regards to beneficiaries and they have to change. Currently they are providing required information, but not enough


    - See more at: https://ssl.prensa.com/suscdigital

    See also 
    More Pascal Saint-Amans statements in Panama: Profits for two men and a dog http://mypanamalawyer.blogspot.com/2015/07/panama-profits-for-two-men-and-dog.html
    The Economic Case for Tax Havens http://mypanamalawyer.blogspot.com/2014/10/the-economic-case-for-tax-havens.html




              Regulators open to offers for Panama bank        
    The reorganization committee of Banco Universal started last week the process of sending letters to all general license banks to participate in the sale process of the company. Banco Universal was intervened by the regulators back in June 2015 and is one of the smallest banks of the Panamanian banking system.

    The process of receiving proposals will be open for 20 days, said Gustavo Villa, secretary general of the Superintendency of Banks of Panama (SBP).  Those interested in acquiring the operations of Banco Universal  will have 20 days, starting August 10, to submit their bids.

    In negotiating Banco Universal operations there are two possible scenarios: the purchase of the loan portfolio, or the purchase of portfolios, plus deposits.

    Interested parties will have available a virtual data room with general information about the bank after signing a confidentiality agreement. They should express a non-binding offer at that time, and if they are interested or not to continue in the process.  The entire sale process is expected to last between 90 and 120 days.

    BANCO UNIVERSAL, S.A. (under intervention)
    FINANCIAL STATEMENTS (in thousands of dollars)



    June 2015



    LIQUID ASSETS
    61,803.78
    Local Deposits in Banks
    22,763.98
    At Sight
    12,463.89
    Timed Deposits
    10,300.09
    Foreign Deposits in Banks
    31,053.59
    At Sight
    13,753.59
    Timed Deposits
    17,300.00
    Minus Reserves
    0.00
    Local
    0.00
    Foreign
    0.00
    Others
    7,986.21
    LOANS
    226,580.78
    Local
    230,685.62
    Foreign
    0.00
    Minus Reserves
    4,104.84
    Local
    4,104.84
    Foreign
    0.00
    INVESTMENTS IN SECURITIES
    40,148.80
    Local
    5,072.15
    Foreign
    35,079.65
    Minus Reserves
    3.00
    Local
    3.00
    Foreign
    0.00
    OTHER ASSETS
    32,278.07
    Local
    31,826.34
    Foreign
    451.73
    TOTAL ASSETS
    $360,811.42
    DEPOSITS
    306,704.08
    Local
    293,983.96
    Government-owned
    0.00