Take a look at the work here on the fiscal health of U.S. cities. Click on the image below to see the entire WSJ interactive display.
Broker to Rich and Famous Suspended
Trust is everything when choosing an investment advisor or stockbroker. Apparently that was lost on Bambi Holzer, Hollywood stockbroker to the rich and famous. She has been suspended by regulators–for a second time. I’m not surprised that variable annuities were part of this breach in trust. Ms. Holzer, who has been affiliated with at least 10 […]
Big Banks’ Dead Cat Bounce
You can forget the days when you had a personal relationship with your banker. It’s a commoditized business with free-checking and no ATM fees. The government more or less controls the too-big-to fail banks. In what’s being called a “major win” for the government, Bank of America has been found liable for fraud related to […]
Technical Issues at Schwab
You need to stay on your game. Schwab’s website showed some investors in preferred stocks and fixed income securities incorrect prices for about a week now. I am not picking on Schwab, but this is the last thing income investors need to deal with. The Fed’s low rates have made it hard enough already. Investors […]
Baby Boomers and the Future of Real Estate
You can forget the story line that baby boomers will be flocking to the cities for retirement. The media has overplayed it mainly because media lives in the city and can’t see the forest through the trees. Joel Kotkin writes about the decline in city population and growing smaller town population. Check out the full […]
Quantum Dawn 2
Over the Summer some Wall Street banks ran a crisis scenario in which “bank executives in charge of operations, technology and crisis planning were tasked with detecting how a massive cyber attack was unfolding in the markets – but each one only got to see a tiny red flag waving in a sea of information,” […]
The Most Recorded Drummer in History
What a special day. Yesterday my family attended the album release party in Newport, RI for “One More for the Road” by the Mac Chrupcala Trio featuring Bernard “Pretty” Purdie (www.bernardpurdie.com), the most recorded drummer in history. Between sets we were able to meet Bernard and talk about some of his performances through the years. […]
Tom Friedman’s World is Upside Down
Here New York Times columnist Tom Friedman is way off base. It’s hit or miss with Friedman. The Tea Party is not the faction of the GOP that needs to change. The last time I checked the McCain’s of the GOP would have our troops fighting another war. This is not a time for moderate […]
Your Retirement State
You may want to consider Barron’s state rankings when choosing a state for retirement. At some point the bill will come due for the bad actor states. Is your state a right-to-work state—you can’t be forced to join a union as a condition of employment? The National Right to Work Committee’s Stan Greer on Barron’s […]
Sticking it to the Man
You’ve heard the frustrating stories about the government shutdown. So here’s a couple more. Clients of mine were in China last week. While over there, a local woman was driving them and said, “Your government closed.” Visibly upset and motioning with her hands, she said friends of hers were visiting the US for the first […]
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