(AP Photo/Dave Pickoff via The Huffinton Post)

We need to talk about: Muriel Siebert.

The first woman to own a seat on the New York Stock Exchange, Muriel Siebert has rightly earned her title as The First Lady of Wall Street. A groundbreaking female figure in Finance, Siebert was a dedicated advocate for women and minorities in industry and worked tirelessly to promote financial literacy for all. Despite never graduating from university, Siebert worked her way up the ranks not only to break into what was a spectacularly male dominated workplace, but to eventually become Superintendent of Banks for the State of New York, during which time not a single bank failed under her. Definitely recommend watching this quick interview on MAKERS.

Muriel Faye “Mickie" Siebert, an inspiring woman who firmly believed in the truth that companies can never reach their full potential if they "limit their talent pool to the male 50 percent of the population”. 

A girl after our own heart. OJBit.

Greece is an important country in the European Union, given its history in Europe, its strategic position in the Eastern Mediterranean, and its potential in the services industries. Europe’s commitment to Greece is manifested in the heavy transfers it makes every year. It is in Europe’s interest to wean countries like Greece and Portugal from these transfer payments and the best chance to do so is to help Greece to establish the conditions for bringing its economy into macroeconomic balance. That could best be achieved by allowing Greece to enter the EMU. If 14 countries were to qualify for EMU, and Greece made a concerted effort to bring its economy into balance, the marginal cost of allowing Greece to enter would be small compared to its huge benefits.

Robert Mundell (1997), founder of optimum currency area theory and an advocate of EMU

While Greece did not make the initial cut for EMU in 1999, it is likely that some of the factors noted by Mundell influenced the European leaders that decided to admit it in 2001.

Image: Santorini, Greece. Public domain via Pixabay.

You don’t have to give children an allowance—but if you do, talk about it

By CFPB and FDIC

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Giving children an allowance is a topic many parents discuss. Even within families, parents can disagree about whether it’s a good idea.

Research doesn’t conclusively prove whether or not having an allowance helps children achieve better financial well-being as adults. However, research does suggest how to make an allowance work well for your children, if you do decide to give one.

Don’t just hand over the money and leave it at that. Make it part of your conversations. Talk about what the family budget still covers. For example, you can clarify that the child’s meals with the family, school clothes, and school supplies are the family’s responsibility. The child’s own expenses, like clothes he wants to buy or apps she wants to add, should come from the allowance.

If you give the allowance weekly, check in each week and ask about what the child decided to do with the money. Did she save any of it for a future goal? What did he learn about spending, saving, or planning ahead? Does she want to make changes to how she spends money next time?

Some families decide to pay children for certain chores. If this sounds like your family, you can have similar conversations about what your child earned.

Whether to give an allowance at all is a choice each family should make. To make the most of an allowance if you choose to give one, commit to giving your child some of your own time and guidance along with it.

1. Mixing negotiations. Most car shoppers are fixated on the amount they can spend each month for a car, and salespeople know this. It’s their hope that you’ll tip your hand as to what you think an affordable monthly payment will be. Oftentimes, they’ll even ask you what that figure is. Don’t fall into that trap, as a slick salesperson will use that number to pad in as much profit as he can for himself.

2. Marked-Up Financing. Car dealerships might make very little profit on the actual sales price of a new car, so they have to find other streams of revenue like selling used cars and repair and maintenance charges. But one common profit center is to offer in-house financing. What typically happens when you apply for financing through a dealership is that they take your loan application to several lenders to see what interest rates you qualify for. So, if the best interest rate they can find for you is 5%, they’ll come back to you with a rate that’s between 2-4 points higher, skimming that extra interest right off the top and sometimes splitting it with the finance company.

3. The Spot Delivery Scam. Don’t ever take that new car home unless all the financing has been finalized. Some unscrupulous car dealerships use a “ spot delivery scam,” where they allow potential buyers to leave with the car they’ve chosen before financing has been finalized, only to call them up several days later to tell them the loan has fallen through. They then ask for the car to be returned, sometimes threatening repossession.

4. Unneeded Extras. Car dealerships like to add “dealer-installed options” to pad the price of the car, often doing so after a sales price has already been negotiated. This allows them to boost profits by adding things such as rustproofing, paint sealers, fabric protection, and VIN etching (where they scratch the car’s vehicle identification number into the windshield). Together, these add-ons can add hundreds, even thousands, to your bill.

5. Extended Warranties. New car buyers should always say no to extended warranties, which can add between $1,200 and $1,500 to the invoice, as they’re notoriously bad deals. They’re nothing more than a bet you’re making with a third-party on how reliable your car will be, and the odds are not in your favor. Car salesmen push extended warranties because they get a large commission for selling them, up to 50 percent or more.

3

It’s Alibaba IPO day, and the crowds are already gathering outside the New York Stock Exchange for what will be the largest IPO ever in the U.S. 

Founder Jack Ma made an appearance with Alibaba executives before heading inside for the big day.

All day, follow our Alibaba LIVE BLOG for all the latest news from the NYSE. 

人頭馬「290週年紀念酒」創紀錄拍出39000歐元 贈予「危難兒童」慈善機構

法國干邑2014年9月22日電 /美通社/ — 2014918,第九屆「天使的分享」(La Part des Anges) 慈善晚會在法國干邑巴薩克修道院舉行,名流嘉賓齊聚一堂,共同見證了人頭馬酒莊 (House of Rémy Martin) 的歷史書寫了嶄新的一頁。到場嘉賓目睹了扣人心弦的一刻,來自人頭馬釀酒大師永久珍藏的獨一無二的大樽裝酒在拍賣會上驚豔亮相,引發高潮。

(圖片:http://ift.tt/1qRDTvm

在慶祝其創立近300年之際,來自人頭馬酒莊的「290週年紀念酒」代表著一段真正的時間之旅。

這款酒的故事很特別:它是對源源不斷的 eaux-de-vie 的永久珍藏,由四代釀酒大師代代相傳。

每一位大師都小心翼翼地在一個秘密地點儲存人頭馬最優質的 eaux-de-vie,然後傳給下一代繼承人。「290週年紀念酒」是專屬 Grande Champagne 的干邑。秉持著這一傳統,極具天賦的 Pierrette Trichet 用她自己精心挑選的 eaux-de-vie 進行了改良,然後交給新任釀酒大師 Baptiste Loiseau,後者將擔負起保護和豐富這種酒的責任。為慶祝其290週年,人頭馬酒莊精選出少量出自該永久珍藏的美酒,來見證這經久不衰的傳承。

人頭馬酒莊的這個標誌性酒樽僅發行一個大樽裝版,並將其放於塗漆木製盒子中。

Talk through what you do with money—your children are listening

By CFPB and FDIC

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Parents tell us they want to help their children be smart about money. But they’re not always confident about how to go about it.

We’ve got a suggestion: Talk through your money choices with your child as you go. (If you already do this, great!) You don’t have to change anything that you choose to do with your money. But your kids need a window into how to think about spending, saving, borrowing and more. You can show them how you think about these important choices.

Next time you pay a bill, or buy something online, or go grocery shopping, try speaking your thoughts out loud. “Now I’m looking at our electric bill, and I’m checking to see if it’s the right amount. And I’m looking at the due date, so I know whether the payment is on time or late.” This talk helps your child start to understand how to think about transactions. Over time, your child can turn these thoughts into good habits.

Left over brats and scrambled eggs. Yeah, I scrambled eggs in a cast iron skillet! I got mad skills, yo!

#Paleo #primal #primitive #life #live #love #health #wealth #coaching #mentoring #movnat #natural #movement #nutrition #fitness #finance #financial #business #stl #minimalist #simplify #travel
#minimalism #survival

Only by an intensification of neurotic attachments does it mask the eruption of madness in its infrastructure, but with every passing year such attachments become more desperate, cynical, fragile. All of which is to raise the issue of the notorious ”death of capitalism”, which has been predominantly treated as a matter of either dread or hope, scepticism or belief. Capital, one is told, will either survive, or not. Such projective eschatology completely misses the point, which is that death is not an extrinsic possibility of capital, but an inherent function. The death of capital is less a prophecy than a machine part. The immanent voluptuousity of every unprecedented deal takes off from the end of the bourgeoisie. Consider the finance capital usage of cocaine: both a quantitative high traced out as a deviation from zero and a sumptuary expenditure voiding the historical sense of wealth. The coked-out futures dealer passing a drunk on a Manhattan street translates the destiny of class difference into an immanent intensity traced on a smooth surface of social disappearance. The bum inhabits the social zero preferred by capital as the vanishing point of pre-modern legality. from which the coke rush is repulsed as an anonymous distance from death. There is a becoming a rich bum, becoming a derelict on coke. which is integral to the cynicism of frontier capital.

Nick Land, Making it with Death

velle-ities said:

Hi! I'm currently a freshmen in college in DC and I want to transfer my junior year to a school in NYC. I'm currently a finance major and I was just wondering what you find so interesting about finance?

Dear velle-ities,

Great question! I think what I find so interesting about finance is the fact that the industry is so versatile. In my time networking at various firms, not only have I been able to sit with people who perform various roles for these companies, but finance is also home to some of the most diverse educational backgrounds.

I think that this is poignant because it allows people to pursue a career or division in wherever they believe their strengths are. For example, someone who has very good quantitative skills might want to work in the strats business unit, while someone with a more liberal arts background might want to work more on the regulatory side. I think that this is the beauty of the industry: you can thrive in the workplace as long as you put the skills that you have to work, but are also willing to learn more.

This is the position I am in now: currently, I work in investment banking, which is a good start for me as I am just breaking into the industry. However, I know that I want to work with securities. But, because I am so new to finance, I realize that will come later as I am just starting out. Until then, I am educating myself and taking CFA courses so I can better prepare myself for that division - or any other position I might find myself in - in the future.

I hope that this answered your question!

image

Sincerely,

NYE

Those in default on their loans can see their Social Security checks garnished, leaving them with retirement income that leaves them well below the poverty line,” he said at a committee hearing this week to examine the issue. “Some may think of student loan debt as a young person’s problem,” he said, “but, as it turns out, that is increasingly not the case.

The finance aristocracy, in its mode of acquisition as well as in its pleasures, is nothing but the rebirth of the lumpenproletariat on the heights of bourgeois society.

Karl Marx

The immanent voluptuousity of every unprecedented deal takes off from the end of the bourgeoisie. Consider the finance capital usage of cocaine: both a quantitative high traced out as a deviation from zero and a sumptuary expenditure voiding the historical sense of wealth. The coked-out futures dealer passing a drunk on a Manhattan street translates the destiny of class difference into an immanent intensity traced on a smooth surface of social disappearance… There is a becoming a rich bum, becoming a derelict on coke. which is integral to the cynicism of frontier capital.

Nick Land

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