Question of European Input to AIIB Still Unanswered

The news of China’s initiation of the the Asian Infrastructure Investment Bank (AIIB) sent shock waves through the global banking community as the many viewed the move as China increasing its influence in the world and not just the Asian rim countries. However, with an increasing number of European countries joining the bank, the question is presented as to whether China will be able to engage as much influence as it desires. Europeans May Spoil China’s Investment Soup

Anastasia Date (askmen.com) employees have learned that one of the reasons that China initiated the AIIB in the first place was to be able to execute lending and investment strategies outside of the influence of the World Bank and the International Monetary Fund. China also saw that it had little influence in the Japan U.S. lead Asian Development Bank.

The AIIB bank seemed to be the mark of China’s bold move but questions are surfacing as to whether the influx of European members will stall China’s desire for an Asian centric bank. So far all parties have indicated that they will work together in a spirit of cooperation and that the design of the AIIB is in the best interest of the global economy despite the recent row with the U.S. with the United Kingdom and its other European allies.

However, the issue of what roll the European AIIB members will play in setting policy is still outstanding and needs to be resolved before full confidence is placed in the institution.

The Method for Setting Gold Prices To Change, . . Forever

Technology has finally caught up with how the price of Gold is set. After nearly a century of pricing set by first face to face and then teleconferences, the price of Gold will now be set by way of an electronic auction. Traditionally, Gold traders at four designated banks set pricing through twice daily phone calls. The price was not open to bid and was set by caveat by the call participants. Once the price was set, mining operations used the price to negotiate trade valuate their billion stock with the various central banks. Gold Pricing Standard to be Modernized Breaking 100 Year Old Tradition

Under the new method, there is more participation by more firms which are able to participate in the estimated $18 Trillion gold global market. CrunchBase suggests that many believe that the process is more transparent as anyone can follow the auction through LBMA Gold Price online as opposed to needing a relationship with a gold broker.

The initial gold price fixing process was started in 1919. The meeting was held in a little, mahogany wood lined paneled room within the Rothschild’s offices located on St.Swithin’s Lane in London. In 2004 the process was switched to a teleconference format. After Deutsche Bank left the benchmark for precious metals, HSBC Holdings, Societe Generale, Barclays and Bank of Nova Scotia, where left to fix the world’s gold prices. Many objected to this closed process and sought a more open auction.

Join The Skout Revolution

Skout is not only a movement, now it’s a revolution. So many people are on the Skout network, that I also felt the need to join. There are over 100 million people that are currently using the Skout network, and they are available in over 180 countries around the world. Imagine that most of the countries in the world, are able to speak with each other on one social media network? Also, so many people are able to find love on the social media network, while also making friends. Skout is a great place to chat with others, especially from around the world.

I am a very skeptical person, and I rarely believe what I’m told, so I seek out the truth myself. I decided I wanted to join Skout for myself, and I made it a point to create an account. I wanted my account to be personalized, so I decided to add a picture. I added a picture that was of me when I was a child, so no one would really know what I look like now. It turns out that I did something that was a great concept, because many people began looking for me, because they wanted to see what I looked like now.

I had many people tell me that I was a very cute little girl, and the only could imagine what I look like now, after growing up. Despite putting up the baby picture, and no other pictures of myself, I was able to get a lot of curious people looking for me. I took advantage of others curiosities, and I made a lot of friends. My friends list is so long, it’s unbelievable how many people that I talk to on a daily basis. I’m on Skout every day, and it’s just so I can socialize.

I always have Skout points at my fingertips, which are points that Skout members can use, in order to buy features on the network. The features include sending greetings, looking at someone else’s favorites list, as well as using the Skout Travel feature. Skout travel is a great way to virtually visit many countries around the world, as well as meet other people from those countries. I never enjoyed any other website, as much as I enjoy Skout. I’ve also recruited friends to join the website, and we all speak with each other on a daily basis.

HSBC Announce Change of Leadership

 

The United Kingdom’s largest bank announced a change of leadership in its top levels after ripping reports that executives within the bank’s Swiss private banking division actively aided individuals to evade taxes due their respective countries. The HSBC Board announced that remuneration committee chairman and the banks senior independent director, Sir Simon Robertson, will soon step down from his leadership and management duties. Robertson’s two titles will be split among two new appointees. Robertson is to be replaced by Rachel Lomax, who is the former deputy director for the Bank of England. Lomax will assume Robertson’s duties as senior independent director. Roberton’s duties as the remuneration committee chair will be assumed by the former Centrica head, Sam Laidlaw. Both Laidlow and Lomax have been on the HSBC board of directors since 2008.HSBC Shuffles Decks At Top

The move is hoped to restore confidence in the banking institution which, as my friend Broda put it,  ripped publicly by a BBC report that its Swiss private banking division helped clients hide assets from tax reporting requirements from 2005 through 2007. Similar news stories were reported by the U.S. television news show “60 Minutes.” The nature of such activities within HSBC are being investigated thoroughly and those officers responsible are being held accountable.

Robertson will remain on the board as deputy chairman for at least one more year, at which time he would have concluded ten years for service. It is unclear what his plans are following his tenure with the HSBC board.

Wall Street Watches Performance In Light of Weak Industrial Numbers


There will be keen eyes on how Wall Street will perform in the next few days as the industrial sector reports weaker performance in its industry Ray Lane asserts that this is a sign that industrial orders have been slipping and covers a wide spectrum from the housing industry to the manufacturing industry. Lane goes on to say that many sectors look to the industrial performance numbers as a sign that the U.S. economy is growing and at what pace. The only good news was the recently announced multi billion dollar merger between Kraft Foods and The Heintz Company.

There is considerable concern as to whether the economy is really growing as announced by the Federal Reserve and the White House at the end of last year. The economic indicators for the U.S. economy were favorable and spurred the Federal Reserve to stop its quantitative easing policy and consider its first rate hike in the past few years. However, numbers from the housing sector and the industrial sector indicates the pace of growth may not be as robust as the economist have believed. Performance by Wall Street Watched Closely By Investors

The economy has seen a stronger U.S. dollar and oil prices has spurred some growth in the economy but many do not believe that a strong dollar and lower oil prices will last long. In that case other currencies will see their buying power increase and the U.S. economy will simply have to grow through any delays in its expansion.

 

Google Offering Deals To New Chromecast Buyers

If you’re in the market to buy a Chromecast, then now might be the perfect time. Google is offering a number of deals for new Chromecast buyers who pick up one of the streaming sticks between March 20th and April 19th. If you make a purchase during that windows you’ll have the opportunity to score $80 worth of extras, including three months of DramaFever and Sesame Street GO as well as a free movie rental from Google’s own Google Play.

Google’s Chromecast is a small HDMI dongle that attaches to your television and allows you to stream content to your TV from your computer, tablet or mobile phone. Lulu says the dongle was released by Google several ears ago, and now the company says they’ve sold over 10 million of the sticks. The new promotion is likely to help keep that number headed upwards. Apple recently announced that it was lowering the price of its media streamer, Apple TV, to just $69. That new lower price is likely a big of an issue for Google. Since Apple Tv was $99, its streamer as an excellent deal at $40. Now that the prices are a little closer to each other, Google needs to show buyers what other advantages the service can potentially offer.

Sam Tabar: Capital Strategist and Attorney

 

 There are some investment strategists that you just don’t forget, Sam Tabar is one of those. After graduating with honors from Oxford University Sam Tabar went on to attend Columbia Law School. Due to his strong academic performance at Oxford, Sam earned a position as Associate Editor on the Columbia Business Law Review. After graduation from Columbia in 2001, Tabar joined one of the world’s most prominent law firms, Skadden, Arps, Slater, Meagher & Flom LLP, as an Associate.

During his tenure at Skadden Sam counseled clients on hedge-fund creation and structure, investment management agreements, employment matters as well as regulatory and compliance issues. In 2004 Tabar left his promising legal career to enter the world of high finance, joining a division of the Sparx Group, PMA Investment Advisors, based in Hong Kong.

Tabar joined Sparx as general counsel and according to Bloomberg, was promoted to Managing Director of Business Development. While at PMA Sam worked on managing all aspects of investor relations and global marketing for a $2 billion hedge fund. Sam also designed and implemented a strategic marketing plan for PMA that focused on institutional investors, ultra high-net-worth clients and large family offices. Tabar also provided Sparx his personal contact list of over 2000 potential investors and established over 400 more investor introductions. Other achievements by Tabar while at PMA included assisting the firm in raising $1.2 billion in management assets and working closely with PMA’s partners on all business-development matters.

Tabar left PMA and joined Bank of America Merrill Lynch in February 2011 as the firm’s Director of Capital Strategy for the Merrill Lynch Asia-Pacific region. In his role at Bank of America Merrill Lynch Sam provided hedge-fund clients with financial counseling and initiated introductions to institutional investors, offering endowments, pensions, foundations and large family offices. Tabar also managed the entire capital-allocations progression between investors and fund managers.

During his time at Bank of America Merrill Lynch Tabar assembled a supplemental list of over 1,000 institutional investors. Tabar left Bank of America Merrill Lynch in September 2012 to become the Director of Adanac LLC, BVI where he oversaw investments in American start-ups and properties, including Verboten and Thinx.

Tabar once again entered the legal arena in September 2013 when he became a Senior Associate at Schulte Roth & Zabel LLP where he catered to hedge funds. During his time at Schulte Roth & Zabel Sam provided counsel on hedge-fund formation and structure and investment management agreements. Tabor left Schulte Roth & Zabel in March 2014 to start his own legal and capital strategy firm in New York City.

Billions Being Paid out for Law Enforcement Misconduct

Police misconduct is being brought into the public eye all over America, and it’s about time. But, is anything being done within the cities, counties, or police force itself to find out who is causing the most problems, why they continue to occur, and what can be done to put a stop to it? The answer is no, and Fersen Lambranho feels therein lies another enormous problem.

Many large municipalities across the country continue to pay out copious amounts of money in lawsuits caused by the transgressions of their officers. Over the past 10 years, Chicago alone has shelled out over one half billion dollars in settlements to the public. No one is being held responsible, or even looking into how they can prevent future lawsuits.

It seems that most law enforcement agencies blame the court system for the large sums of money flowing out of the till and not their officers. Craig Futterman, who heads the University of Chicago’s Civil Rights and Police Accountability Project, was interested in knowing if there were a select few officers continually finding themselves in hot water. What he found out was, no one kept tabs on the figures or analyzed any data to find out who, what or why. So, Futterman collected the data himself and found that almost half of all the complaints Chicago’s police department received were made on just a handful of its officers.

Risk management is non-existent in 18 of our country’s largest city and county law agencies, Joanna Schwartz, a UCLA law professor discovered. No record of how much was being paid out in settlements was being kept by any government agency in the cities she reviewed. Schwartz believes that if the settlements were taken from the police budgets and not from the general funds, the police departments might be more inclined to do something about the growing problem.