1. NY TIMES 7/7/13 Gretchen Morgenson: 35 Big Steps to Accountability. ” Shareholder efforts succeed in changing corporate governance. So far this year, 35 corporations have been approached by the Shareholder Rights Project and have agreed to replace their staggered Board elections with annual elections to their Boards. This project is sponsored by the Harvard Law School and aims to influence how Boards are structured and held accountable to shareholders. The project has impacted Pension Funds holding $600 Billion. Thennext step? Transparency at Mutual Funds? We have choices.
2. NY TIMES 7/7/13 The Economic View: Austerity won’t work if the roof is leaking! Germany has taken investment in infrastructure seriously. It considers borrowing to repair bridges, tunnels, roads, airports, necessary investment for future benefits. According to the American Society of Civil Engineers, the Nation has a backlog of some $3.6 Trillion in overdue infrastructure maintenance. With unemployment hovering at 7.6% and higher for America’s youth, with the lowest interest rates available for borrowing, we have a scenario that warrants spending for the future. If not now? When? We have a choice to act and move forward?
3. Eliot Spitzer is running for comptroller of New York City. A job , he could handle with his skills: He was one of NY ‘s best Attorney General’s; A relentless pursuer of Wall Street’ s ” evil doers”. Now Wall Street opposes him, along with the unions and main stream Politicians; when every establishment group opposes him, it makes me wonder, WHY? If we choose Elliot Spitzer , we may have the opportunity to elect a strong Public Advocate to City Government. Our choice to make.
4. LOL There ought to be a Law? NY TIMES 7/9/13. Regulators examining sales of early financial data. High speed news that can turn moments into MILLIONS. Eric Schneiderman, the New York attorney General, has a darker view of high speed data services then the Federal Government. ” The Securities Markets should be a level playing field for all investors and the early release of market moving survey data undermines fair play in the markets.” We have choices. (FYI: @ thevoiceofjoyce / high speed trades are at least 60% of all trades on Wall Street accounting for the movement of $360 Trillion Dollars overall.)