Black Monday

'Greed is amoral': how Wall Street supermen cashed in on pandemic misery and chaos

Retrieved on: 
Monday, July 24, 2023
Pressure, Uncertainty, Black Monday, Depression, Panache, 2007–2008 financial crisis, Masculinity, New Age, Wall Street, Risk, Envy, COVID, Scribner, Attitude, Government, Creativity, Pain, Name, Man, Crash, Nature, Dog, Yaneer Bar-Yam, Ethics, Knowledge, Weather, The Return of Depression Economics and the Crisis of 2008, Hellbent, Courage, Death, Tourism, Entertainment, Drug, Odyssean Wicca

Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis chronicles the cold-blooded response of Wall Street to the COVID pandemic.

Key Points: 
  • Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis chronicles the cold-blooded response of Wall Street to the COVID pandemic.
  • New York finance journalist Scott Patterson reports how savvy investors used the devastation of the pandemic to reap billions in profits.
  • Review: Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis (Scribner) Chaos Kings is not so much about the rapacious “greed is good” mentality of the 1980s.
  • As the profits flowed from the COVID disaster, there was little hint of any ethical quandary.

The COVID casino

    • In the pages of Patterson’s book, we meet colourful characters from up and down Wall Street who closely studied the illness and death spawned by COVID as it spread around the world.
    • But most of all, they were “the smartest guys in the room”, who used it for their own financial gain.
    • Nassim Taleb, Bill Ackman, Yaneer Bar-Yam, Mark Spitznagel – these are not household names.
    • But they all won big in the pandemic casino by operating as crisis-hunting “stock market visionaries”.

On the doorstep of doom?

    • But those events were small-time in comparison to what was happening in 2020.
    • But his book also reads, in some ways, like a set of interconnected fictional short stories, filled with thrilling twists, turns and revelations.
    • The Wall Street protagonists undertake epic journeys, fight mythical beasts and weather calamitous acts of nature, only to return home stronger and richer men.
    • But Chaos Kings is not fiction and Patterson does not entirely accept his own heroic narrative.

What is insider trading? Two finance experts explain why it matters to everyone

Retrieved on: 
Tuesday, May 9, 2023
People, Celebrity, Congress, Securities Exchange Act of 1934, Silicon Valley Bank, Silicon, Black Monday, Security (finance), Research, U.S. Securities and Exchange Commission, Acquisition, First Republic Bank, Crime, Attention, History, Cryptocurrency, Drug

Punishment, if you’re convicted for insider trading, can range from a few months to over a decade behind bars.

Key Points: 
  • Punishment, if you’re convicted for insider trading, can range from a few months to over a decade behind bars.
  • Insider trading became illegal in the U.S. in 1934 after Congress passed the Securities Exchange Act in the wake of the worst sustained decline in stocks in history.
  • The act was meant to prevent a whole litany of abuses from recurring, including insider trading.
  • Hard to prove
    Research shows that insider trading is common and profitable yet notoriously hard to prove and prevent.

HOUSE OF GUCCI and NO TIME TO DIE Are Motion Picture Winners at the 9th Annual Location Managers Guild International Awards

Retrieved on: 
Monday, August 29, 2022
Midnight, Top Gun, KTLA Morning News, Midnight Run, Bloom, Motion, The Longest Yard, Film, Young, KTLA, Eleven Eleven (film), HOUSE, Gerald Loeb Lifetime Achievement Award winners, News, Television, 50 First Dates, DIE, Restless, Character, Los Angeles Center Studios, Faroe Islands, UNICEF, Location Managers Guild International, NO, Location Managers Guild Awards, Location, UNICEF Goodwill Ambassador, Inventing Anna, Kate Linder, Production designer, Black Monday, Emmy-Winning Episode, American, Industry, Mack, List of lifetime achievement awards, The Young and the Restless

HOLLYWOOD, Calif., Aug. 29, 2022 /PRNewswire/ -- The Location Managers Guild International (LMGI) announced the winners of its 9th Annual LMGI Awards on August 27. The Motion Picture winners were HOUSE OF GUCCI (filmed throughout Italy in Milan, Lake Como, and the Italian Alps) and NO TIME TO DIE (filmed in London, Norway, Jamaica, The Faroe Islands and Italy). The Television Series winners were "SUCCESSION" (filmed throughout New York State and Italy), "STRANGER THINGS" (shot in Atlanta, Georgia; Albuquerque, New Mexico; and Vilnius, Lithuania) and "STATION ELEVEN" (filmed around Ontario, Canada and Chicago, Illinois). The awards ceremony and reception took place at the Los Angeles Center Studios before an audience of 400, including LMGI members, industry executives and press.

Key Points: 
  • HOLLYWOOD, Calif., Aug. 29, 2022 /PRNewswire/ --The Location Managers Guild International (LMGI) announced the winners of its 9th Annual LMGI Awards on August 27.
  • The Motion Picture winners were HOUSE OF GUCCI (filmed throughout Italy in Milan, Lake Como, and the Italian Alps)and NO TIME TO DIE (filmed in London, Norway, Jamaica, The Faroe Islands and Italy).
  • The LMGI Awards spotlight international features, television and commercials in which the creative use of filming locations set the tone, enrich the character and enhance the narrative.
  • Confidential, Babe), Alexis Floyd ("Inventing Anna," "Grey's Anatomy"),Amy Hill (Mack and Rita, Fifty First Dates, "Mom") and Kate Linder ("The Young and Restless"), among others.

LPL Financial and Perennial Financial Services Welcome Eddie Chan

Retrieved on: 
Thursday, July 28, 2022
Black Monday, Goal, RIA, GLOBE, LPL Financial, SEC, Partnership, Solution, Intention, Family, Ameriprise Financial, LPL, Technology, Broker-dealer, Business development, Chan, Financial plan, Nasdaq, Communication, LPLA, Perennial plant, Financial adviser

CHARLOTTE, N.C., July 28, 2022 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA)announced today that financial advisor Eddie Chan has joined LPL Financials broker-dealer, RIA and custodial platforms, affiliating with Perennial Financial Services , an existing firm supporting LPL-affiliated advisors.

Key Points: 
  • CHARLOTTE, N.C., July 28, 2022 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA)announced today that financial advisor Eddie Chan has joined LPL Financials broker-dealer, RIA and custodial platforms, affiliating with Perennial Financial Services , an existing firm supporting LPL-affiliated advisors.
  • Chan reported having served approximately $110 million in advisory, brokerage and retirement plan assets,* and joins LPL from Ameriprise Financial.
  • John Petrick, senior managing director at Perennial Financial Services, stated, Its an honor and a privilege to welcome Eddie to our expanding family of advisors here at Perennial.
  • Perennial Financial Services, Perennial Investment Advisors and LPL Financial are separate entities.

King Richard (Original Motion Picture Soundtrack) Now Available From Watertower Music

Retrieved on: 
Friday, November 19, 2021
General Entertainment, Entertainment, Film & Motion Pictures, Music, People, Warner Bros., Central Park jogger case, Monsters and Men, Jackie Robinson Foundation, Cotton swab, Warner, Concerto, Steinway & Sons, Academy Awards, Sundance Film Festival, Rachel Robinson, Family, Bowers, Saint, WaterTower Music, Space Jam, Green Book, Emmy Awards, Monster, Season, Pioneer, Netflix, Dear White People, The Central Park Five, WarnerMedia, ITunes, Television, Black Monday, FX, Film, Music

Kris Bowers is an Emmy Award-winning composer and pianist who creates genre-defying music that pays homage to his jazz roots with inflections of alternative and R&B influences.

Key Points: 
  • Kris Bowers is an Emmy Award-winning composer and pianist who creates genre-defying music that pays homage to his jazz roots with inflections of alternative and R&B influences.
  • In early 2018, Bowers scored the critically acclaimed drama, Monsters and Men, which premiered at the 2018 Sundance Film Festival.
  • WaterTower Music, the in-house label for the WarnerMedia companies, releases recorded music as rich and diverse as the companies themselves.
  • A Warner Bros. Pictures Presentation, A Star Thrower Entertainment Production, A Westbrook Production, A Keepin It Reel Production, King Richard.

Seventh Annual Advisor Authority Reveals Insights on Confronting the Impact of Compounding Financial Crises

Retrieved on: 
Monday, October 25, 2021
Safety, Social, Market trend, Financial crisis of 2007–2008, Recession, OPEC, Twitter, Organization, Global, The Harris Poll, Life, Crash, Facebook, COVID-19, Contract, Fed, Research, Social Security, Behavior, Insurance, Longevity insurance, Face, Public opinion, Income, Adviser, Investment, Solution, Marital status, Black Monday, Mass affluent, Great Depression, Education, Goal, Industry, Nationwide, Optimism, Broker-dealer, United States bear market of 2007–2009, Soap bubble, News, Nationwide Mutual Insurance Company, Population, Securities research, Risk management, Retirement, Impact, Public relations, Policy, Standard, RIAS, Uncertainty, Pension, Financial adviser

"Our seventh annual Advisor Authoritystudy makes it clear that working with an advisor or financial professional on a holistic plan is fundamental for investors to have the confidence they need to confront the impact of compounding financial crises," said Craig Hawley, Head of Nationwide Annuity Distribution.

Key Points: 
  • "Our seventh annual Advisor Authoritystudy makes it clear that working with an advisor or financial professional on a holistic plan is fundamental for investors to have the confidence they need to confront the impact of compounding financial crises," said Craig Hawley, Head of Nationwide Annuity Distribution.
  • Rising optimism in the face of outsized challenges reveals that advisors and financial professionals have built more confidence than investors after confronting the impact of compounding financial crises.
  • For additional insights on Confronting the Impact of Compounding Financial Crises, financial professionals can also download the latest infographic from the seventh annual Advisor Authority study at: https://news.nationwide.com/rising-above-compounding-financial-crisis-in...
    Nationwide's seventh annual Advisor Authority study powered by the Nationwide Retirement Institute explores critical issues confronting advisors, financial professionals and individual investorsand the innovative techniques that they need to succeed in today's complex market.
  • Among the 1,632 advisors and financial professionals, there were 790 RIAs, 790 broker-dealer, 501 wirehouse and 160 other financial professionals.