American vision, Bailouts, Citizen responsibilty, Learn, poor leadership, World events

Detroit Auto makers can’t win even with Goverment baby-sitting

We as citizens need to learn how to identify winners in business, the companies, the technologies and the industries’ consistent performers.

A newspaper headline reports the sad story that clearly reveals signs of a pathological habit of losing as a group. Detroit and Michigan as a general population has criticized Government intervention and crusaded the values of the free enterprise system.

What is becoming clear is that they are not our best American warriors to win this economic war since their Free market skills lag far behind their political talk.

We need to focus on the many successful companies, smaller and less talked about but the hugely successful businesses such as Microwave Data Systems of Rochester, New York. Their success is not in fame but $$ and the professionalism developed by their workforce

Toyota Tops List of $$-for-Clunkers (clik 4more)

(NYT). “While American government officials hailed the month long program, which ended this week, as an overall stimulus to the economy, the biggest winner was Toyota, which accounted for 19 percent of all sales and had two of the top three best-selling models. The cash-for-clunkers program turned out to be a boon for Asian automakers and the small cars they specialize in.

The Transportation Department said Wednesday that participants in the clunkers program bought 690,000 new vehicles. About $2.9 billion of the program’s $3 billion was distributed in government vouchers, which were worth $3,500 to $4,500 toward new-car purchases.

Detroit’s three automakers — General Motors, Ford and Chrysler — accounted for 38.6 percent of the vehicles sold. That figure is substantially less than the 45 percent combined market share that the Detroit companies posted in the first seven months of the year.”

Clearly is not that they do not want to win but that they don’t know how in this new world that clearly was created with the help of greedy CEO’s.

America, greedy CEO’s do not represent nor portrait the American Free Enterprise System nor American Capitalism because they do not capitalize companies in America.

—oo000—

CHANGE=Δ

Subject Change %Change Value
DJI 4.23 +0.04% 9,543.52
NASDAQ 0.20 +0.01% 2,024.43
S&P 500 0.12 +0.01% 1,028.12
OIL -0.21 -0.29% $71.22
Gold 0.30 0.03% 945.50
Nat Gas -0.06 -2.23% 2.84
US $ 0.0004 +0.0006% 1.00
CSCO -0.07 -0.32% 22.0
YHOO -0.14 -0.93% 14.93
GOOG -3.37 -.071% 468.00
AAPL -1.99 -1.17% 167.41
MSFT -0.09 -0.37% 24.55

On the Lighter side

Once upon a time at a conference of Economists The Critical Question was asked and the results were typical it is said
Q: How many conservative economists does it take to change a light bulb?
Answer1: None. The darkness will cause the light bulb to change by itself.
A2: None. If it really needed changing, market forces would have caused it to happen.
A3: None. If the government would just leave it alone, it would screw itself in.
A4. None. “There is no need to change the light bulb. All the conditions for illumination are in place.
A5. None, because, look! It’s getting brighter! It’s definitely getting brighter !!!
A5. None; they’re all waiting for the unseen hand of the market to correct the lighting disequilibrium.

Citizen responsibilty, Leadership, Vision

Lessons lost: Need 4 Vision

Our present financial crisis presents an incredible opportunity to learn lessons otherwise may have gone un-noticed.

This blog has brought forward the idea that we the public have failed in our duty to educate ourselves in maters of money, finance and leadership. Also that our present financial crisis was precipitated by the lack of public oversight in to these matters where poor management and destructive leadership.

Microsoft’s leader is one example we can begin to track.

Mr. Ballmer has made a series of calls to arms against out to destroy Microsoft and has purchased a contract with Yahoo where it will retain control of the technical side and give away nearly 80% of the revenue.

Why? The only possible answer is to destroy or maim Google. This strategy is an old one at Microsoft where they purchased companies like Visicalc and others to develop what now is Office then pretty much gutted snd destroyed the original company.

Microsoft is forgetting a vital detail, these companies are not to get them but they are out to succeed regardless of Microsoft’s performance in the stock market. These companies have a wealth of innovation to crank out and are creating alliances with other industries such as chip manufactures (Intel, TI) telcos, (Sprint, Verizon)

Microsoft stock went up and Yahoo tanked, nothing new since Yahoo lost its most valuable asset and Microsoft failed to see that web sales through SEOs is the bread and butter of Internet Corporations, however Technology is the table and silverware and stove. Windows 7 and subsequent reincarnations eventualy will not be able to stand up to what is becoming the web/mobil technology OS standard Unix derivative systems and Java developed Applications.

Microsoft is making the same mistake Detroit made: Inability to shelve Legacy technologies.

American vision, Citizen responsibilty, Learn, poor leadership, system management, system thinking

Crowley-Gates: Failed Leadership & common sense

Everyone has a stake in leadership, At the personal and group levels.

All we shall be talking here is basic stuff learned by anyone who has a job in any half way decent company no rocket science just broken down as basic system  components.

To make the right decisions we have to keep the eye on the ball. While negotiating a situation obstacles show up that will distract us, will steal away our peace of mind and our sober awareness needed to succeed peacefully  in resolving a situation. Taking things personally quickly latches onto memories of self pity or the fear of losing part of our status quo but it is much worse when it frees the seething dog of a festering anger. Invariably this appears certainly real. Yet it is our job to be the mature adults and discern real from not so real, momentary displeasure from long lasting gain. Such as relieving momentary anxiety by buying on credit an expensive item, or satisfying our anger and indignation by making emotionally offensive statements to defend our imagined offended dignity. In life everything grows, escalates and dies.

I believe this is factor in our present financial crisis: Imagine two layers of systems at work, the personal and the society at large & we have developed systems designed to contain personal tragedy to become viral and affect society at large, our undisciplined instincts and emotions at the personal levels are constantly happening, human but not the cause of national breakdown because we have systems in place that check that base personal humanity however we allowed our clouded thinking to disregard the system  in order to secure personal profit.

Recent headlines have brought to us one such case that has tentacles of disruption and clouded thinking, the arrest of a a man that broke into his own home because he had misplaced his house keys. The neighbor reported the break in, the Police officer arrived and was inside the home with the “perp” who claimed to own the home and certainly either the cop failed to ascertain that this man owned the home, lacked real  police skills remember this is not Boston , had an off day or was already predisposed to win “this fight/disturbance call”. The “perp” was not friendly so the cop admits that he calmly told the man I will leave his house go outside to discuss the matter further and one way or the other the Devil found two cocks to put in a fight and the peeing contest ensued, ending in The owning “perp” of the house in jail, photo muged and later released.  However the perp had ace up his sleeve a personal channel to the President of a very powerful nation, no Hondurenian president here at all. This fact appears that he kept to himself for later until sprung out from jail. Or did he tell the Policeman and the cop played his best Joe Friday & booked him anyhow. All of this very human not quite Shakespearean. The only reason why we know about this is because the arrested man is a really close friend to the sitting President of a large industrial nation.

So what really went wrong? That day at that moment in Cambridge, Mass. the leadership of several systems failed to keep the system running smoothly regardless of personalities involved

First the personal level part: Failed Interview

  • University Intellectual know how at graduate level failed for this individual. Forget about the pissing match between one leader of the intellectual class (Harvard Professor) that demanded prescient respect, who is he, The Godfather? and a just the facts Joe Friday cop. The Intellectual spent years teaching our young how to prepare well for interviews, adversity and challenges that will arise and rise above it, succeed, ignore the obstacles and persevere to improve society blah blah blah. The learning from our high Universities was AWOL,  failed one very expected phone call and interview: I broke into my house and  if somone saw me, say a neighbor, chances are that if they care about a neighbor’s property they will call the police so I better prepare my ID for when they arrive and interview me  // THE BALL: Is this officer protecting my property, yes.//  DISTRACTION: I need respect all my books and talks confirm this need
  • The Management of the shift in that Police Department as a system at the shift level that allowed this poorly supervised arrest. This arrest would not have proceeded thus far in my Hometown nor most major cities, racial tensions or not the Cambridge Police system failed the arresting officers regardless of how much loyalty they can mine for among their Blue brethren   // THE BALL: Does this individual owns this residence and is he here legally? Yes // DISTRACTION: I need respect as Police officer first. Fail to communicate data of subject’s high profile to Commanding officer
  • The Cambridge Community neighborhoods, a neighbor that was so keen to help in calling a fleeting break in but fail to ID and vouch that the Neighbor was not a “perp” after all but our old dear neighbor, well clearly no brotherly love here, no matter how you excuse it or rationalize it. // THE BALL: Is my neighbors home ok, did the Police find out, let me check maybe I can help ID the suspect. OMFG it is my neighbor after all Thank God officer everything is ok.  //DISTRACTION: ???

Second: broke down at the society/national level: Fail interviewing for facts

  • Gates is still at his house and other officers are present while Gates is clearly agitated(as shown in video. Where did it come from?) // BALL: ID individual, live alone? where does he work? Professor at HARVARD and agitated Check for background with Campus Security. Influential writer with critical books and videos about racism?? call for chain of command assistance //DISTRACTION: Rush. No stop and think attitude and lets think this over. The Cambridge Police Department should have an ISO9000/MRPII type of procedure and method to handle high profile figures since they are host to a high profile Institutions Harvard and MIT
  • Press conference at The White House: BALL: Does The President has the facts, NO. What is the diplomatic way of handling this situation? Admit to close friendship with Prof. Gates and will look into it, Thank You. //DISTRACTION: Commenting. How did he knew about this so quickly while so busy with great matters of state? Did the professor manipulate and “used” the friendship?
  • Town of Cambridge: // BALL: LEAD and ask all personnel not to comment as it is done across this great land, their job is to serve not agitate nor incite to riot,  it has nothing to do with freedom of speech. // DISTRACTION: ??? Need to come across as conservative and independent??
  • Harvard:  // BALL: Provide basic legal assistance to Mr. Gates seek peaceful and constructive resolutions for the community at large and assess the fallout of incident.  // DISTRACTION: seems that they do not seek interaction with the ball at all
  • The Media: //BALL: reporting facts only //DISTRACTION: Its own comments

The facts are simple, boring and admitted by the players own contradictions. The sad  story of an Ivy League leader who ignored and failed his own studies or successfully manipulated a friendship for personal gain.  Henry L.Gates is heard saying in an audio interview “what he needed was to treat me with respect not assume that i am the perpetrator”. about the police at his house investigating a break in into his house that he knew well in fact because he committed the break in, and if he truly believed to be correct in what he has been writing and lecturing all this years of the facts in racial profiling then he knew in advance that the police had a handicap so why not take the high ground? Class was missing in a possible class struggle. No thankfulness for arriving early to check a break in to his home? No, because that would have been demeaning? This would been demeaning only to royalty.

The Harvard professor is the anomaly here. The unexpected event. The neighbor is the rare alarm that catches the anomaly. So far so good. The neighbor calls 911 here is where the system is set to the ON position and it will not stop until there is resolution one way or the other.

This point onward is where all the systems involved failed including the media that reported it. Did the Professor manipulate the friendship or the situation believing that he had an Ace up his sleeve ( channel to the RedButton). It does not take a rocket scientist to smell undue personal profit here on inside track, Did Mr. Gates lead Mr. Crowley into an unfair advantage (fame and credit to his theories) with his presidential connections counting on the ignorance of the officer. Such behavior has jailed stock brokers in the past, ask Mr. Milken.

And this model applies to AIG, Madoff, Detroit’s bailout and our retirement plans.

What and where is the BALL and what are DISTRACTIONS.

We really do not know what actually occurred and if we did would we communicate it clearly without making things up?perhaps they were polite to each other and got on famously but when they stepped out the realized that they had a job to fulfill to maintain the race struggle and keep the media going blah blah blah

from: Tuesday, February 3, 2009

http://www.colbertnation.com/the-colbert-report-videos/217828/february-03-2009/henry-louis-gates–jr-

Georgetown University’s Michael Eric Dyson and columnist Kathleen Parker

audiio of 911 call

Citizen responsibilty, Leadership

The Misery of innovative bigotry

Set Music to Peter and the Wolf
Peter
Medida execs have been whining about loss of revenue while accusing the users of the web for their revenue loss, due their unacknowledged lack of ingenuity. From Rupert Murdoch and James Moroney to Barry Diller there has been a crescendo of dispair from the executive suites of News Media corporations. As the old saying goes “It is a poor craftman he who blames his tools for his mistakes”

The Wolves
Internet users, businesses, corporations and entrepreneurs. Think Yahoo, Twitter, Google, ZDNet, CNet, Daily Beast, Huffington Post, Sillicon Valley News, and many more through You Tube and My Space and other web venues.

The Demand
To ax web users of news content by charging them. The reality is that millions are profiting from the web except them in a fashion that they are accustomed (gazillions of dollars into their personal accounts), maybe because they are clueless as to how to do it even though many are and more are learning.
Free news is not news, its an old fact

Solution
a- Feed Peter to the wolves? Remember Peter has a yatch, jets, many mansions, bodyguards and pushes politicians around.
b- Donate a brain for Peter? Again see a- and they already have a good brain they lack humanity that they disguise with philanthropic contributions (a hospital building with their name) too bad if it is a tax deduction
The Moral of the Story
The Misery of innovative bigotry
This proves that many Executives do not care abut the System of Free Enterprise,. To them it is only a means to their self centered goals.

Free news content to subscribers is as old as radio bradcasting and the FCC

Thus we shall see relentless attempts through lobbying to legislate innovation is as damaging as the pursuit of legislating stupidity, yet we as a society do not learn until we have this great SNAFU.
Caveat
There are many good citizen executives. Unfortunatelly these many good people have not made the decision to police themselves
the unfortunate result is that the general public seeks to address the problem through legislation and we all suffer except the culprits.
EQUITY INDEXES
VALUE CHANGE % CHANGE
S&P 500 977.29 -1.97 -0.20
NASDAQ 1,958.67 -7.29 -0.37
Russell 2000 547.84 -0.62 -0.11
S&P/TSX Comp 10,757.39 69.49 0.65
Mexico Bolsa 26,456.36 -190.01 -0.71
Brazil Bovespa 54,299.88 -157.41 -0.29

Todays word/term :

Health Care:
The largest industry in 2006 from the point of view of the industrial infrastructure.
The treatment and its management , from the point of view of patient doctor point of contact.

American vision, Citizen responsibilty, Dilemas, understanding economic events

Financial Freedom: A decision

Financial Independence for newbies.

It has been difficult to write a post because the focus was blurred by nagging feelings that I could not use lucid thoughts connecting the dots between finances and world events that affect us sooner or later. Clearly these are not simple dots to connect they are entire pieces of fabric to be sewn together momentarily to create a fitting suit.
Slowly the wrinkles pointed to the missing subject: the Wisdom to make the best decisions or right decisions, the modern methods of  “Decision Making”  may sound fancy to this ancient human skill but in short is the obvious and simple common sense . Clearly no amount of Wisdom will not exempt us from the trials of life however it improves odds of  surviving them.

I believe that we can develop these skills, since we have had to develop difficult and complex tasks to function in our society, we just need to redirect our priorities. In my case I had to include fiances in my 2DO list. On the subject of Global Finances we begin to  develop a basic awareness of Money, the freedom and serenity afforded with the ability to make decisions with favorable results.  In short is In this world of global finances we need clear  vision of the facts, logic and of course healthy skepticism.

The birth of our Financial Independence.
Our Founding Fathers sought a political solution through military means to ensure The Financial Freedom of the American Colonies. Now we rejoiced on this past 4th of July about our Nation’s Independence and what we really celebrated was the incredible ability of our Founding Fathers to make decisions and carry them to their success.
Am and admirer of Deming and his success in quantifying Quality so I saw commonalities in the Founding Father’s  decision process to seek Independence.
We all can agree that they were not seeking to establish a Holiday nor entries in historical books, the Thirteen Colonies of North America overthrew the governance of the Parliament of Great Britain because they sought Financial Independence, this required a politically sovereign status.
Now we can argue about the philosophical influences or the Republican values advocated or the exhortation to civic duty yet all of this important academic fodder came about because the encroachment on financial freedoms, since in all other matters they were able to assemble and plot quite freely, relative to the times, for the war of Independence.

Making Independent decisions.

So how do we start to make the right decisions, how about a simplistic start to prime the learning bug?

If we look at a modified model of the Deming cycle:

  1. Evaluate our collected data
  2. Plan with specific goal in mind
  3. Do / Act execute clear steps
  4. Feedback on the effects/consequences of our steps
  5. back to 1 until successful and start a new project

American vision, Citizen responsibilty, Leadership, Learn, understanding economic events

Everyone can benefit knowing the Basics of Finance

Chrysler-Fiat to head to Supreme Court  “A group of Indiana pension funds has made a last-minute effort to block Chrysler’s deal with Italian automaker Fiat.” reports Money.CNN
Useless panic, worry and too late in the game is painful display of poor me. Asking to correct  neglected assets because no one did know how.
One reason why I write this blog, progress: Address a lacking essential life skill, Market skills that is. As participating clients of the pension funds around the globe we have a poor understanding of ‘The How’ when chicanery or dishonesty of our leaders affect retirement funds bottom line.
To prevent losses to crime and accidents we spend enormous time, money and resources to protect our mundane possessions and have organized layers of law enforcement.
We trail in doing the same to protect our retirement nest eggs. In other words basic working knowledge of the Stock Market.
This over sized scope and magnitude of the present crisis is the result of our past attitude. Properly armed with financial facts and honest attitude the bubbles would not have grown perversely everywhere. They would have been contained to smaller pockets of greed and inexperience.    Stock brokers can profit in up or down times since they have necessary life skills to navigate turbulent waters. Skills that allows the individual to control the building of his financial cushion. There are no excuses that work, clearly.
A basic knowledge of the Market and Investments is necessary to effectively stave the forces produced by incompetence or dishonesty. Whether is GM’s refusal to let go of the mentality that they knew what the consumer should buy or the SEC’s inability to press Madoff to produce  and analyze his data or our inability to realize that while the nation workers are been laid off, American jobs being outsourced, manufacturing plants closing yet …  yet there is a Real Estate boom! houses selling for 1/2 million dollars in the same neighborhoods where 15 years earlier they were selling for less than 100 thousand  yet everyone accepted it as normally ideal, we were to busy fighting about political agendas that betrayed the principles of their financing, ironic.
I knew something was certainly wrong with the picture but my lack of smarts in the Financial field prodded me to let smarter folk to proclaim that all is well just spend more, go to college, buy a  house and a boat fill it with cheap Chinese goods with your credit is easy just make goals have ambition and get promoted …find better job …you’ll pay off your loans soon, everybody does it. Whatsa matter you!  This has been the extent of our financial savvy and that of knowing the basic terminology on how to fill the forms for medical insurance, right?!
We can talk about conservatism, balderdash!
This crisis clearly shows we as society have lost conservatism somewhere in the farm. This is where political rhetorical slogans and partisan ideologies crash against the cold reality of cash or lack thereof leaving surprise and emotions insufficient forces to address and correct malfeasance.

Our goal is to learn the language of The Market and become aware of its effects in society, not teach anything.

Markets reported by The Financial Times

FTSE 100 4,376 -1.41% € per £ 1.15 +0.47%
S&P 500 940.09 0.00% $ per £ 1.59 -0.43%
NIKKEI 225 9,866 +1.00% ¥ per $ 98.52 -0.13%
EuroFirst 300 860.24 -1.38% WTI Crude 67.65 -1.15%

Apple [aapl]  chart by Market Club

Today’s comment:
Chrysler-Fiat to head to Supreme Court: “A group of Indiana pension funds has made a last-minute effort to block Chrysler’s deal with Italian automaker Fiat.”   Says a reports from Money.CNN
Useless panic, worry and too late in the game is painful display of poor me. Asking to correct  neglected assets because no one did know how.
One reason why I write this blog, progress: Address a lacking essential life skill, Understanding the Market skills that is. As participating clients of the pension funds around the globe we have a poor understanding of ‘The How’ when chicanery or dishonesty of our leaders affect retirement funds bottom line.
To prevent losses to crime and accidents we spend enormous time, money and resources to protect our mundane possessions and have organized layers of law enforcement.
We trail in doing the same to protect our retirement nest eggs. In other words basic working knowledge of the Stock Market.
This over sized scope and magnitude of the present crisis is the result of our past attitude. Properly armed with financial facts and honest attitude the bubbles would not have grown perversely everywhere. They would have been contained to smaller pockets of greed and inexperience.    Stock brokers can profit in up or down times since they have necessary life skills to navigate turbulent waters. Skills that allows the individual to control the building of his financial cushion. There are no excuses that work, clearly.
A basic knowledge of the Market and Investments is necessary to effectively stave the forces produced by incompetence or dishonesty. Whether is GM’s refusal to let go of the mentality that they knew what the consumer should buy or the SEC’s inability to press Madoff to produce  and analyze his data or our inability to realize that while the nation workers are been laid off, American jobs being outsourced, manufacturing plants closing yet …  yet there is a Real Estate boom! houses selling for 1/2 million dollars in the same neighborhoods where 15 years earlier they were selling for less than 100 thousand  yet everyone accepted it as normally ideal, we were to busy fighting about political agendas that betrayed the principles of their financing, ironic.
I knew something was certainly wrong with the picture but my lack of smarts in the Financial field prodded me to let smarter folk to proclaim that all is well just spend more, go to college, buy a  house and a boat fill it with cheap Chinese goods with your credit is easy just make goals have ambition and get promoted …find better job …you’ll pay off your loans soon, everybody does it. Whatsa matter you!  This has been the extent of our financial savvy and that of knowing the basic terminology on how to fill the forms for medical insurance, right?!
We can talk about conservatism, balderdash!
This crisis clearly shows we as society have lost conservatism somewhere in the farm. This is where political rhetorical slogans and partisan ideologies crash against the cold reality of cash or lack thereof leaving surprise and emotions insufficient forces to address and correct malfeasance.
Todays term:
What Does International Reserves Mean?
Any kind of reserve funds that can be passed between the central banks of different countries. International reserves are an acceptable form of payment between these banks. The reserves themselves can either be gold or else a specific currency, such as the dollar or euro.
Analysys:
What Does Moving Average – MA Mean?
An indicator frequently used in technical analysis showing the average value of a security’s price over a set period. Moving averages are generally used to measure momentum and define areas of possible support and resistance.
Moving Average (MA)

American vision, Citizen responsibilty, GOP's Vision, Leadership, Learn, understanding economic events

If a firm is ”too big to fail,” it is … too big.

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.

EQUITY INDEXES

VALUE CHANGE % CHANGE
Topix 893.20 0.35 0.04
Hang Seng 17,885.27 893.71 5.26
Singapore Straits Times 2,280.31 -25.77 -1.12
S&P/ASX 3,751.50 -49.60 -1.30

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 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.

COMMODITY FUTURES

VALUE CHANGE % CHANGE
Oil 62.88 -0.57 -0.90
Gold 948.40 -6.80 -0.71
Natural Gas 3.61 -0.02 -0.69

EQUITY INDEXES

VALUE CHANGE % CHANGE
DJStoxx 600 210.41 1.45 0.69
FTSE 100 4,416.23 4.51 0.10
DAX 30 5,000.77 15.17 0.30
CAC 40 3,294.86 24.77 0.76
S&P/MIB 20,312.00 15.00 0.07

EUROPE MOST ACTIVE BY VOLUME

PRICE % CHANGE VOLUME
UNICREDIT SPA 1.87 1.08 189248342
VODAFONE GROUP 118.5 0.59 173871427
MILLWALL HLDGS 0.0205 -6.82 161299393
ROYAL BK SCOTLAN 39.2 -2.49 126695708
LLOYDS BANKING 65.5 -1.95 90971975
BANCO SANTANDER 7.54 0.53 90023610
INTL GOLD EXPLOR 0.67 11.67 78265446
BP PLC 505 -0.05 65890575
BARCLAYS PLC 290 0.26 64149343
ENI SPA 17.07 -0.99 60358311

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:

-Financial Highlights
-Letter to the Shareholders
-Narrative Text, Graphics and Photos
-Management’s Discussion and Analysis
-Financial Statements
-Notes to Financial Statements
-Auditor’s Report
-Summary Financial Data
-Corporate Information

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.

RedSerpent’s Index

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