Today’s Political two cents:
Rants against Sotomayor will only accelerate the GOP certain split:
- A) A radical wing claiming rights to the “WASP” legacy power, this seemingly popular and boisterous faction full of bile is left to keeping tabs on every transgression a la Taliban in here you will find the entertainers Media types that claim they are not the media because they fight the ‘Liberal Media” also defending “conservatives” values while displaying the most un-conservative values.
- B) Another group will tent more open minded figures that allow differences of opinion in an imperfect world, here you will find: Gates, McCain, Powell real life Heroes and Veterans and business men and women such as Ms. Carly Fiorina or someone like Ms. Marissa Mayer from Google (I do not know her party affiliation though)
- C) And hopefully my wish list: Innovators and entrepreneurs and others who have the character of their convictions. It would be nice to see in this group General H. Norman Schwarzkopf, Jr., Carol Barts(Yahoo) and High tech entrepreneurs. Why is it that all real deal entrepreneurs and innovators avoid the GOP: Steven Jobs(Apple), Sergei & Brin(Google), self made billionaire Tom Golisano founder of Paychex who helped create the Independence Party rather than join the GOP.
|Singapore Straits Times||2,280.31||-25.77||-1.12|
HEADLINE: Investor Flight. “If a firm is ‘too big to fail,’ it is … too big” I love this quote by Thomas F. Cooley in Forbes on line also he says ‘First, the very notion of “too big to fail” is dangerous. It suggests that there is an insurance policy that says, no matter how risky your behavior, we will make sure you stay in business. It encourages banks to get bigger (or more interconnected), and it subsidizes risky behavior. Second, it leaves ambiguous the important issue of who gets protected in the event of insolvency–the equity holders, creditors, subordinated debt holders, etc. It seems fair to say that the solutions that have developed on the fly have done severe damage to the notion that there is a well-ordered capital structure that means something.’ Because the growing trend in public opinion is that Banks will be deemed to big too fail and that Banks will be protected at the expense of the investor will we see an Investor flight?
- The flight of investors, entrepreneurs and innovators is real from the state of Maryland where the state lost 1/3 of its revenue from filed income taxes or $100 million to Upstate New York where high property taxes drove Philantropist and entrepreneur Tom Golisano out the state. Tom Golisano owner of Paychex and the Buffalo Sabres hockey team has officially left Rochester and New York state because of unreasonable higher taxes has a website called http://www.responsiblenewyork.com/
- The present financial crisis is not the problem nor a symptom but the consequence of of the public apathy for community issues of money, probably is the direct result of lack of pragmatism in the mathematical curriculum or in other words fear of real world math. But at the bottom I smell the ancient separation of math and money in elementary school where the proper instincts and passions are developed and we have to wait to graduate school to really learn that math and money have always been in our every day lives, This is a likely result of the fading Banking Oligarchy. Fading!?? Yes sir, you are watching it, that is why you don’t understand what is going on.
- In his article “Market Share thinking as old school thinking article” Mr. Adrian Kingsley-Hughes explores briefly the awareness that obsolescence in what thinking model we use to to determine our impact in the world. The vast difference between relying on the meaning of a static value of a metric versus the trend of a sequence of values.
- There are brokers making money right now in this difficult market regardless of whether the index is low or high because the study the trends of the market.
Innovation: Marissa Mayer from Google explains how the concept of 20% or 1 day a week engineers are given room to work on what they are passionate about, this is Google method of discovering Innovation in a disciplined manner, becase, Ms Mayer says, you do not know how a new product will be received.
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|INTL GOLD EXPLOR||0.67||11.67||78265446|
Today’s term: Annual Report
An annual publication that public corporations must provide to shareholders to describe their operations and financial conditions. The front part of the report often contains an impressive combination of graphics, photos and an accompanying narrative, all of which chronicle the company’s activities over the past year. The back part of the report contains detailed financial and operational information.
In the case of mutual funds, an annual report is a required document that is made available to fund shareholders on a fiscal year basis. It discloses certain aspects of a fund’s operations and financial condition. In contrast to corporate annual reports, mutual fund annual reports are best described as “plain vanilla” in terms of their presentation.
It was not until legislation was enacted after the stock market crash in 1929 that the annual report became a regular component of corporate financial reporting. Typically, an annual report will contain the following sections:
-Letter to the Shareholders
-Narrative Text, Graphics and Photos
-Management’s Discussion and Analysis
-Notes to Financial Statements
-Summary Financial Data
A mutual fund annual report, along with a fund’s prospectus and statement of additional information, is a source of multi-year fund data and performance, which is made available to fund shareholders as well as to prospective fund investors. Unfortunately, most of the information is quantitative rather than qualitative, which addresses the mandatory accounting disclosures required of mutual funds.
Company Ticker Value Change
Yahoo * YHOO * $14.94 * -$0.34
Microsoft * MSFT * $20.13 * -$0.21
Intel Corp * INTC * $15.46 * -$0.02
Taser * TASR * $4.20 * -$0.10
Cisco * CSCO * $18.22 * -$0.27
James Funds * GLRBX * $16.61 * -$0.20
Paychex * PAYX * $26.93 * -$0.56