Daily Markets - FINRA Gets New ‘Sheriffs’; Amerivet Proxy Proposals Approved!!!

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• FINRA Gets New ‘Sheriffs’; Amerivet Proxy Proposals Approved!!!
• The Pension Problem
• L.A. Port Shipping Reaches 23-Month High In July
• Canada, Land Of Smaller Government, Has Regained All Jobs Lost In 2008-09 Vs. U.S. Still Down By -8m

FINRA Gets New ‘Sheriffs’; Amerivet Proxy Proposals Approved!!! Posted: 14 Aug 2010 09:14 AM PDT Saturday morning in America!! On this glorious morning on the east coast, I believe all Americans should be heartened by the results of the annual meeting held by Wall Street's self-regulator, FINRA, held this past Thursday. I remain convinced that FINRA as an organization remains an unknown entity to the overwhelming majority of the American populace. The results from this annual meeting may start to change that unfortunate reality. How so? Let's navigate. The Securities Industry … [visit site to read more]

The Pension Problem Posted: 14 Aug 2010 08:59 AM PDT I have penned several articles about the dangers the current pension system is in across the nation. The problem is in both the private and public sectors. Many companies like Google refuse to offer pensions because they realize the danger in making a life time commitment to people, when it is impossible to know how long they will live. Estimates of underfunded pensions run from a few hundred billion to several trillion dollars. To read a great book on the topic check out While America Aged: … [visit site to read more]

L.A. Port Shipping Reaches 23-Month High In July Posted: 14 Aug 2010 08:42 AM PDT I reported on Wednesday that international trade reached a 20-month high in June, and Friday’s report from the Port of Los Angeles provides additional statistical evidence of an ongoing boom in international trade activity. Shipping volume reached a 23-month high in July of 730,746 Twenty-foot Equivalent Units (TEUs), the highest monthly shipping activity since August of 2008 (see chart above), and 26.8% above July last year. On a year-to-date basis, shipping activity at the LA … [visit site to read more]

Canada, Land Of Smaller Government, Has Regained All Jobs Lost In 2008-09 Vs. U.S. Still Down By -8m Posted: 14 Aug 2010 07:43 AM PDT The chart above displays monthly employment levels in the U.S. and Canada back to 2002, and shows that while Canada has now basically recovered all of the jobs that were lost during the recession, the U.S. is still about 8 million jobs below the pre-recession peak employment level.  In fact, a recent WSJ article by Jason Clemens points out that “Canada is emerging more quickly from the recession than almost any industrialized country.”  How did Canada survive the global … [visit site to read more]

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