Dispute between Manulife and 2 Ontario agents who used the ploy
A recent court ruling has brought a new perspective to the old vanishing-premium controversy and criticized Manulife Financial, the country's largest life insurer.
Back in the 1990s, policyholders launched class-action lawsuits against several insurers after discovering policy dividends would not pay for certain life insurance within a few years, as was originally projected....
A man, a plan, the Web: Bartering for a house
Apr. 17, 2006. 07:02 AM
BRIAN BERGSTEIN
ASSOCIATED PRESS
Kyle MacDonald had a red paper clip and a dream: Could he use the community power of the Internet to barter that paper clip for something better, and trade that thing for something else — and so on and so on until he had a house?
After a cross-continental trading trek involving a fish-shaped pen, a town named Yahk and the Web's astonishing...
The other day I found this video presentation titled The Dark Side of the Looking Glass: The Corruption of Our Capital Markets. The video is 1 hour and 20 minutes long and goes into detail about naked shorting, the incompetency of the SEC, the bankruptcy of Refco and the possibility of a systemic market collapse.
I don't understand the inner workings of the markets that well so my questions for those more knowledgeable are as follows:
Canada's benchmark stock index surged to a record Tuesday as the commodities rally showed no signs of letting up, even as some investors warned that the speculative fervour gripping markets is reaching dangerous levels.
Driven higher by the standoff with Iran over its nuclear program, crude oil jumped 95 cents (U.S.) to $71.35 a barrel in New York, eclipsing levels reached after hurricane Katrina...
For an attempt at achieving a balanced perspective, have a look at what Jeff Rense says about the Fed and its latest moves. Here is a sample:
In every University and every college across this great nation of ours, Economics and Business Students, future Financial Planners, C.P.A.s, Stock Brokers, and Bank Executives are being taught that the FED Lowers Interest Rates to Stimulate the Economy and Raises Interest Rates to Fight Inflation . Most,...
You will be fascinated to see (a) the plight of the mid-tier (US$5-30MM in financial assets) and (b) the horrifying inflation rate for those with $30MM+.
Note also that Canada stands out for its HNWI's high allocations to alternative asset classes, i.e. hedge funds.
Maverick Mav's owner taking on stock cheats, journalist says
A newspaper reporter says Dallas Mavericks owner Mark Cuban is financing a new Web site that will investigate stock fraud and corporate wrongdoing. The billionaire also said he'll buy and sell stocks based on information before the site publishes it.
Christopher Carey, a 17-year St. Louis Post-Dispatch staffer, said Sharesleuth.com will launch next month and carry work from a...
How safe are you? Could you unwittingly be guaranteeing a total stranger’s portfolio? And when all is said and done be left with a couple of dollars in your bank account? Sounds absurd?
Hello board. Thought I'd make my first post about something that I have been thinking about.
Are we coming to a time when all commodities will spike in value? We naturally think of oil but I wonder if the weak US dollar combinded with increased world demand won't play into a spike in all commodity prices?
I will have to look again at this book but I suspect that David Foot was off base on a number of predictions. Recently he apparently said that he did underestimate by far the mentality of the Boomers who simply cannot differentiate between WANTS AND NEEDS. I don't know if that was an excuse or not. And this may well tie into the thread that indicates that Harry Dent was wrong on many predictions.
Who would you like to see be Chairman or woman of the Ontario Securities Commission, the capital markets watchdog? I would appreciate the names of qualified investor advocate candidates.
In Canada we have a number of investment bankers new to Ottawa, one Michael Fortier wasn't even elected. Scott Brison has been accused of leaking information. Rona Ambrose's hubby is an investment banker. Representing the insurance industry is Maxime Bernier. We mustn't forget Tony Clement the health minister who acted as a trustee for Legacy Pharma Income Fund founded by a broker who was was kicked out of the securities industry.
Central Banks in most of the major industrialized nations appear set on raising interest rates and removing liquidity from the global economies. Consensus forecasts are for slower economic growth in the U.S., which will permeate elsewhere. The high fiscal and trade deficits in the U.S. have now resulted in more than 40% of U.S. debt being held by foreigners. Continued increases in the deficits may require higher interest rates to support buying...
On another message board they mention this term alot - usually in a negative way. I was hoping someone could explain this term to me.
(I googled and nothing came up)
Commodity prices fell Monday, led by a sharp decline in copper, as investors judged this year's soaring price gains were too much, too fast.
Copper fell the most since October, 2004, according to Bloomberg, after surging 93 per cent this year. Prices for zinc, gold and silver also suffered declines, a move that weighed on European mining shares and could pressure Canada's S&P/TSX...
Hartford, Conn. — Louis Rukeyser, a best-selling author, columnist, lecturer and television host who delivered pun-filled, common sense commentary on complicated business and economic news, died Tuesday. He was 73.
While 23 states already have price-gouging laws on the books, this would be the first federal statute dealing with the offense. But rather than helping voters with their energy bills, the legislation could well end up hurting them by imposing de facto price caps on fuel. Fearing draconian penalties for gouging, service station owners will be reluctant to raise prices when there is real scarcity in the market. The...
One of the 20th Century's foremost economists passed died over the weekend.
No, he never won the Nobel Prize in Economics, but aside from Milton Friedman and the guy (whose name we have probably all forgotten) who was portrayed in A Beautiful Mind how many Nobel laureates can you name. Galbraith's strength was in reaching a much wider audience through his many books and thelevision series.
As a Keynesian economist, his views were out of...
E-mail Doug Saunders | Read Bio | Latest Columns
LONDON — If you walked through the London trading floor of Bank of Nova Scotia's ScotiaMocatta division yesterday at exactly 3:00 p.m. and walked into a small conference room at the side, you would have witnessed an ancient ritual that sounded more like some rite of Freemasonry than anything having...
Washington - The IMF said on Thursday that rising living standards in China and the rest of the developing world will keep oil prices sky-high for decades to come, with even $100 a barrel not ruled out.
In its twice-yearly World Economic Outlook, the International Monetary Fund predicted that in 2030, the average price of a barrel of oil would stand in the range of $39-$56 in real terms.
If the Conservatives win on Monday, what impact will this have, if any, on the economy, and specifically personal finance matters (e.g. interest rates, mutual funds, bonds, real estate etc..)?
I know its a pretty open ended question, but any insights or analysis would be interesting and appreciated.
March 27-28 meeting that showed most of the panel's members thought that the end of the tightening process was likely to be near, and some expressed concerns about the dangers of tightening too much, given the lags in the effects of policy.
Taking the bias out of investing advice De Goey, who recently moved to Burgeonvest Securities , told us what investments he recommends for fee-based portfolios...
The stripper, the tipper and the big, brazen scam
PAUL WALDIE
From Wednesday's Globe and Mail
For a couple of guys in their 20s, fresh out of top-notch universities, David Pajcin and Eugene Plotkin allegedly managed to orchestrate what prosecutors in New York describe as one of the most brazen insider trading scams they have ever seen.
The alleged scam involved 13 people in three countries and included an analyst at Merrill Lynch & Co., an...
Every year the Finance Department does pre-budget consultations with lots of interest groups. Now they've created a web page through which individuals can make comments and suggestions. Click here .
A South American scientist from Argentina, after a lengthy study of market analysts, financial planners and the majority of the people who participate in online financial forums has discovered that the people that have absolutely no idea of what they are talking about read the forum with their hand on the mouse.
Don't bother taking it off now - it's too late! :D
Ontario farmers fume over land-use rules
As of May 1, approval needed to build barn or change the grade on a property
JAMES RUSK
From Friday's Globe and Mail
A rising rural rebellion against provincial land-use rules is coming to the Greater Toronto Area.
A group of property owners met last night at a farm in Caledon to talk about what farmers and other rural landowners see as the erosion of their rights through provincial legislation and...
Is your clients' money being managed properly? We'd all like to think so, of course. The problem is the average financial advisor isn't about to reply in the negative to such a question.
Which brings us to the Web site of Andrew Teasdale: www.moneymanagedproperly.com . The site's home page begins with a version of the question that led off this column. Teasdale is an intense, British-born investment professional...
Standard & Poor's, the world's leading index provider, announced today that it is joining with MacroMarkets and Fiserv to publish the S&P/Case-Shiller Metro Area Home Price Indices. The indices, set to launch during second quarter of 2006, are designed to be reliable, authoritative and readily available measures of residential housing prices in the United States.
Ms Glorianne Stromberg made reference to a public input opportunity to tell the provincial finance ministers to write their own pink slips and go home, on ROBTV today. Does anyone know how, or when for BC?
It profiles AllSportsMarket.com , a trading system which allows you to buy, sell, and short sell various sports teams, with daily victories paying dividends. According to the Sun article, the system was created by a former NASDAQ trader.
This looks similar to the UBC Election Stock market. I don't have an account with them or any personal interest in it, but it does look like quite a novelty. However,...
[quote= In Income Trusts - Budget 2005 gyrfalcon ]I am thinking about thousands of small investors who have been savagely whip-sawed, for no reason whatsoever.
You are not alone.
Critchley
Clearly some people had better information than others about what has happening and there is only one place that information could have come from: the nation's capital.
...
And to support that contention, this column got a call yesterday from a...
In exclusive television interviews, two of the wisest men in finance share their strategies for long term investment success. Joining us are economist, historian and consultant Peter Bernstein, one of the world’s foremost experts on risk and renowned investment consultant, Charles Ellis, founder of the global financial strategy firm, Greenwich Associates.
If you can pick up any of the TV stations on this listing you...
Warning . This thread is only for those with tons of time on their hands. :wink:
There's a lot more to this (malheuresement, la plupart est en français even though the principals did their stuff in English :cry: ) than just Marston. There's also connected the Norshield collapse. (Look at the second receiver's report, then the investor presentation.)
Fall of an investment adviser
William Marston sold his clients millions of dollars worth of...
For those who are always jonesing for more historical data, an interesting site :
Have you ever wondered what the value of a dollar was in 1895? Or what the GDP was in 1929? Here is a place where you can ask questions of comparative value covering purchasing power, exchange rates, and other variables between the past and today.
Quite a broad assortment, including interest rates, real and nominal GDP, gold prices ... some going back rather...
FP Comment today has a piece entitled Save Our MBAs. It suggests 'there are too many universities in the business of granting MBAs and alumni should realize it is their degrees that are being abused.
How do those who worked hard to get their own MBA feel about this?
Royal Bank revealed yesterday that it paid almost $6.6 million in compensation to chief operating officer Barbara Stymiest for 2004 even though she did not actually join the bank until the start of fiscal 2005.
She got compensated for not working.
The explanation by RBC is that this was an to offset that which she left behind at the TSX.............and they had to make up the difference or exceed it.
Lurking around MSN Money I see they list a instit. ownership percentage which I assume refers to the percentage that the different mutual funds own as opposed to individual investors?
Is this correct?
So do we want a high or a low percentage? and why?
I only checked one stock FCP and it has 34%
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