123 Matching Annotations
  1. Nov 2022
    1. This circular process of issuing new shares to employees and then buying those shares back with company money – MY money as a shareholder – is called ‘sterilization’.

      Definition of stock “sterilization“

  2. Sep 2022
    1. This point may not appeal as much to liberal sensibilities, but any serious conversation of this study, or upward mobility generally, has to begin with the state of the two-parent family in America.

      This seems to fall back on the trope of "two-parent families are the natural state" when in reality, since the late 80's one's chances are better with a two-parent, two-income family which provides far greater stability. His argument here is conflating multiple complex items, an issue he takes with Gladwell himself.

      Why not peel apart this two-parent claim the same way? I suspect he may be nodding to the single-earner two-parent mode, but how prevalent is this in American culture now? What other pieces also underpin this? And is it different by state, by race, by culture, etc.

    1. We will also examine wealth inequality. This is analogous toincome inequality but is looking at the distribution of economic assets ratherthan income. Net worth refers to all of one’s assets minus all of one’s debts.Financial wealth is exactly the same but does not include the equity that onehas built up in a home.6

      compare with income inequality: https://hypothes.is/a/_JLGuj3HEe2dJFdOJRcvaQ

    1. As the financial system went global [in the 1980s], so competitionbetween financial centres – chiefly London and New York – took itscoercive toll . . . if the regulatory regime in London was less strict thanthat of the US, then the branches [of international banks] in the City ofLondon got the business rather than Wall Street. As lucrative businessnaturally flowed to wherever the regulatory regime was laxest, so thepolitical pressure on the regulators to look the other way mounted.3

      !- example : DGC - 2008 financial crisis included competition between London and New York

    1. Fraud is an unavoidable part of commerce in a society that values any sort of lower friction transactions. Companies accept differing amounts of fraud depending on the nature of the business. Fraud prevention and punishment is more external to government than other types of crime.

  3. Aug 2022
    1. John Bye [@_johnbye]. (2021, October 6). The new covid sceptic All Party Parliamentary Group on Pandemic Response and Recovery is backed by Gupta and Heneghan’s Collateral Global to the tune of over £30,000. £5,000 in financial benefits plus £25,501—£27,000 benefits in kind (CG is acting as their secretariat). Https://t.co/qll20Sg9aA [Tweet]. Twitter. https://twitter.com/_johnbye/status/1445867760819396608

    1. With few exceptions, most market democracies have recovered from the 2008 financial crisis. But the public has not recovered from the shock of watching supposed experts and politicians, the people who posed as the wise pilots of our prosperity, sound and act totally clueless while the economy burned. In the past, when the elites controlled the flow of information, the financial collapse might have been portrayed as a sort of natural disaster, a tragedy we should unify around our leadership to overcome. By 2008, that was already impossible. The networked public perceived the crisis (rightly, I think) as a failure of government and of the expert elites.

      Martin Gurri argues that had the financial crisis of 2008 happened in the 20th century, the elites, through their control of the flow of information, might have portrayed it as a natural disaster we should rally around our leadership to overcome. But with the advent of the internet, we got the "networked public", and the elites and government lost their monopoly on information.

  4. May 2022
  5. Apr 2022
    1. Builds on previous research Robust spreadsheet modelling techniques • design principles • modularity • quality controls and diagnostics • version control • formulae conventions • format conventions • logical thought. This list is complemented by additional skills including: • understanding and applying complex financial principles to models and demonstrating that experience • understanding the implications of risk and can model for this • ability to communicate and work with people from various business functions • ability to manage a project • capable of interpreting the results of the models and presenting them to a wide audience that includes bank, investors, senior staff and the public, and • bound by some code of ethics, which does not mean the modeller must have an accounting background but has followed some professional training route in the past. (Avon 2013, p. 447)

      Skills required to be a successful financial modeler.

  6. Mar 2022
  7. Feb 2022
  8. Jan 2022
  9. Dec 2021
  10. Nov 2021
  11. Aug 2021
  12. Jul 2021
    1. BlackRock employs a stable of former policymakers, underscoring the importance the company occupies in both financial and policymaking ecosystems, in something akin to a shadow government entity.[157] Good government groups have documented 118 examples of “revolving door” activity by the company—cases in which a government official joined BlackRock’s roster, or vice versa.[158] In one particularly troubling example of how Washington’s revolving door operates, in 2017, a former BlackRock executive was put in charge of reviewing the FSOC’s work for the Treasury Department.[159] Unsurprisingly, the Department’s conclusion was that FSOC should “prioritize its efforts to address risks to financial stability through a process that emphasizes an activities-based or industry-wide approach,” the company’s preferred position.[160] This conclusion all but ensures that BlackRock will not be designated for greater regulation by the FSOC under the Trump administration.

      To Big To Fail? Above The Law? Shadow Government?

      The term "shadow government" comes up often when investigating Revolving Door partnerships between corporations and former government policymakers. One particular public corporation, BlackRock Investments is the poster child of revolving door activity and comparisons to a shadow government.

      BlackRock is front and center in the manipulation of todays Real Estate bubble.

      BlackRock should be marketed as;*The Largest Asset Manager and Keeper of The Neo-liberal Flame; We Kill Children to Make You Money and We Enjoy Doing It!*

  13. Jun 2021
    1. Mike: Because this is the reason that I moved, my dad was telling me that rent was one thing, but he was just telling the landlord that he knew to charge me extra. He was telling me it was 3,500, but the landlord was keeping 2,500 and giving him 1,000 of it. And I had found out, because the own landlord lady told me, and I had to move and I had to lose my job.

      Return to Mexico, Challenges, Economic well being

    2. Mike: Sometimes you'd go to school, sometimes you wouldn't. It just depended on if you had money or if there was food on the table. But I got used to it. There's just only so much crying you could do basically until you're like, "You know what? You just got to have that solid heart so nothing can hurt you."

      Time in the US, Family, Jobs

  14. May 2021
  15. Apr 2021
  16. Mar 2021
    1. The urgent argument for turning any company into a software company is the growing availability of data, both inside and outside the enterprise. Specifically, the implications of so-called “big data”—the aggregation and analysis of massive data sets, especially mobile

      Every company is described by a set of data, financial and other operational metrics, next to message exchange and paper documents. What else we find that contributes to the simulacrum of an economic narrative will undeniably be constrained by the constitutive forces of its source data.

  17. Feb 2021
    1. And essentially, we became what’s called a rent-seeking economy, not a productive economy. So, when people in Washington talk about American capitalism versus Chinese socialism this is confusing the issue. What kind of capitalism are we talking about?

      What kind of capitalism are we talking about?

      We are starting to see critical thinking and discussion around "hard" but necessary truths. These truths center around complicated concepts, controlled by politicians, MSM and others who would rather not have this discussion. America's general population seems lost, gorging on the dumb-down need to know culture (those that have and can dictate what the rest need to know) and group think, herd mentality.

    1. Considering Canonical has pulled resources from this project, the path for continued third-party development of Unity will not be easy. It is my hope that they are successful and can become another shining example of the power of forking, like the MATE project.
  18. Jan 2021
  19. Dec 2020
  20. Oct 2020
  21. www.brooklyn.cuny.edu www.brooklyn.cuny.edu
    1. Student Emergency Assistance Fund

      Important information for students

    1. As Matt Taibbi observed way back in 2009 in the midst of the previous bailout, “By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future. There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. In the age of CDS [credit-default swap] and CDO [collateralized-debt obligation], most of us are financial illiterates. By making an already too-complex economy even more complex, Wall Street has used the [2008] crisis to effect a historic, revolutionary change in our political system – transforming a democracy into a two-tiered state, one with plugged-in financial bureaucrats above and clueless customers below.” [10]

      Great quote.

  22. Sep 2020
    1. Hanna Rosin of The Atlantic argues that prosperity theology contributed to the housing bubble that caused the late-2000s financial crisis. She maintains that prosperity churches heavily emphasized home ownership based on reliance on divine financial intervention that led to unwise choices based on actual financial ability.[36]

      This is a fascinating theory. I wonder how well it plays out for evidence?

  23. Aug 2020
  24. Jul 2020
  25. Jun 2020
    1. Services to Expats in India

      Looking for financial advice services for expats taxation in India? We have qualified advisers in India who can help and advise to expats.

    1. Services to SA Expats in the UK

      Looking for financial advice services for South African expats in UK? We have qualified advisers both here in UK and SA who can help and advise to SA expats.

    1. Services to SA Expats in the USA

      Looking for financial services for South African expats in USA? We have qualified advisers both here in the USA and back in SA who can help and advise

    1. Services to UK Expats in Australia

      If you're british expats in Australia and need good, reliable and credible cross border financial planning & UK expats tax advice, Alexander Beard Group can help you!

    1. Individual Financial Planning

      Alexander Beard Group - Financial advisor for individuals, we use a variety of approaches to ensure that your individual financial planning requirements are comprehensively met.

    1. We are an international financial and emigration services organisation

      Alexander Beard Group - International financial emigration services organisation, from life insurance, pensions to investment, we can help you in South Africa, USA, UK & France

  26. May 2020
  27. psyarxiv.com psyarxiv.com