So-called financial ‘advisors’ fret income loss under fiduciary rule

This is a beauty for the public to see a glimpse behind the curtain of the financial sector.   With the retirement industry in an uproar about the threat of an incoming fiduciary standard for all the investment folks posing as advisors, Financialplanning.com has done a slideshow to warn its members about the 10 most widespread abuses which will now be considered a no-no. It’s likely children could tell you why these practices are not fair or ethical, but apparently financial types are thick.  ‘Course they’ve been paid to be willfully blind and worse.

Here is a link to the slideshow, see:  Fiduciary no-nos: 10 potential conflicts of interest.

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Tesla delivers solar-powered trifecta

For anyone who did not take the 15 minutes to watch Tesla’s presentation live on Monday (here), Bloomberg has done a 2.5 minute Coles notes summary.

Tesla unveiled its first ever solar product at an event at Universal Studios in Los Angeles on October 29, 2016. And it’s not a solar panel – it’s a range of four solar roofing materials that look almost indistinguishable from high-end terracotta, slate, or asphalt shingles. Bloomberg’s Tom Randall explains why Tesla wants a solar-powered trifecta.Here is a direct video link.

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“Stimulus” that will work? gender pay equality

In a slow growth world, where middle class household incomes have been stagnate for years now, everyone is looking for stimulus ideas that will help rebuild household strength, savings and consumption ability. Here’s one of the most obvious: require equal pay for women and men. Both sexes should campaign for this across the world. It’s self-help for our collective financial progress.  This double standard is counter-productive and utterly indefensible, and yet it still persists most everywhere.

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