IEX CEO on still-rigged, predatory stock exchanges and growing demand for change

Preferential access and paid predatory advantage at the expense of would-be-legitimate investors have no place in free and transparent markets. The indefensible, dominant business models adopted by for-profit exchanges over the last decade must be outlawed to restore the semblance of integrity and fairness to public markets.  Katsyuama explains the reality well in this clip, particularly starting at 2:55.

With Interactive Brokers moving to the IEX, Brad Katsuyama, IEX CEO and co-founder, discusses how the exchange is working to convert other big-name companies to its trading platform.  Here is a direct video link.

IEX’s Brad Katsuyama: Our exchange is a fight against the establishment from CNBC.

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Conceit and deceit behind Trump’s ‘self-made’ fortune

Unethical activities are a staple theme in Donald Trump’s history.  This is not about politics, the behaviour should be acknowledged and rebuked by responsible citizens on all sides.

Two years ago, Susanne Craig received an anonymous envelope in the mail from the Trump Tower. Inside, was a copy of Donald Trump’s 1995 tax return.

That piece of mail set off an investigation by Craig and her colleagues David Barstow and Russ Buettner that uncovered, among other things, that Trump received at least $413 million US from his father Fred Trump over the decades — much of that through dubious tax dodges, including outright fraud.

The 15,000-word Times report contradicts Trump’s portrayal of himself as a self-made billionaire who started with just a $1-million loan from his father.

Craig spoke to As It Happens host Carol Off about how the story unfolded.  Here is a direct audio link.

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The case for organic food

As we prepare Thanksgiving dinners in Canada this weekend, some food for thought: what we ingest adds up.

Is Organic food just a fad or a buzzword? This family doesn’t eat organic food because it costs more than conventional food and it just isn’t convenient. The Experiment. For the next two weeks this family decided to eat only organic and measure the effect. Before they begin, the family takes urine samples and discover they have a number of insecticides, fungicides and plant growth regulators inside their bodies.  Here is a direct video link.

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