VOCABULARY: “Clean Shares” in Mutual Funds

Monday, June 5, 2017

 

WSJ Wealth Adviser Briefing: Clean Shares
By Brian Hershberg
May 30, 2017 5:30 am ET

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With the fiduciary rule set to take effect June 9, WSJ Wealth Adviser’s Daisy Maxey took a look at a new type of mutual-fund share that stands to gain traction.

These “clean shares” charge only the fee to manage and operate a mutual fund, and don’t include payments to distributors, such as the broker-dealers and retirement-plan platforms that sell the funds. Stripped from clean shares are fees to compensate brokers for providing advice and 12b-1 fees, which pay for marketing, printing and prospectuses and other shareholder services.

As it is today, investors who buy class A shares of a mutual fund through a broker, for example, typically pay a sales charge that may range from 2.25% to 5.75%, according to Morningstar Inc. It’s easy for investors to overlook that payment to the broker because it’s bundled in with cost of the fund’s management, and the fund company passes it onto the distributor.

With clean shares, investors will likely pay 60% to 70% less to buy a fund, says Paul Ellenbogen, head of global regulatory solutions at Morningstar. If they want a broker’s advice, however, they would have to pay for that separately

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Seems like a great idea.

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VOCABULARY: “Tainted Leaks”

Sunday, June 4, 2017

https://www.schneier.com/blog/archives/2017/05/tainted_leaks.html

Schneier on Security
Tainted Leaks

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This report describes an extensive Russia-linked phishing and disinformation campaign. It provides evidence of how documents stolen from a prominent journalist and critic of Russia was tampered with and then “leaked” to achieve specific propaganda aims. We name this technique “tainted leaks.” The report illustrates how the twin strategies of phishing and tainted leaks are sometimes used in combination to infiltrate civil society targets, and to seed mistrust and disinformation. It also illustrates how domestic considerations, specifically concerns about regime security, can motivate espionage operations, particularly those targeting civil society.

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NOW, this is something to be concerned about.

It’s going to make “leaks” harder to determine and authenticate.

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RANT: Unconfirmed? You want confirmation, Captain?

Saturday, June 3, 2017

http://www.mediaite.com/online/nbc-news-throws-shade-on-president-trumps-terror-tweet-info-is-unconfirmed/

NBC News Throws Shade on President Trump’s Terror Tweet: ‘Info is Unconfirmed’
by Colby Hall | 7:53 pm, June 3rd, 2017

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ALL I COULD THINK OF WAS … … …

“You want confirmation, Captain? There’s your confirmation!”

— Tora! Tora! Tora!

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Argh!

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REVIEW: Spotlight (2015)

Saturday, June 3, 2017

http://www.imdb.com/title/tt1895587/

Spotlight (2016)

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The true story of how the Boston Globe uncovered the massive scandal of child molestation and cover-up within the local Catholic Archdiocese, shaking the entire Catholic Church to its core.

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It was a shocking movie. I knew about the scandal and some of how Cardinal Law escaped justice. I never anticipated the “6% of all”, “thousands of victims”, and all the deaths and disabilities. It’s a must watch for any Catholic. And, the institutional Church has a lot of explaining and atoning to do.

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NEWJERSEY: 7 NJ counties run Nursing Homes?

Friday, June 2, 2017

BEHIND THE WSJ PAYWALL 

Should Nursing Homes Be a Government Service?

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NANTUCKET, Mass.—The 11,000 year-round residents of this summer colony off Cape Cod are confronting an emotional question: whether the island is a place where they can grow old.

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Nantucket now joins cities and towns from New Jersey to Tennessee in wondering whether nursing homes are an essential municipal service like fire, sewers and schools.

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Financial pressures led New Jersey counties to sell their nursing homes to private companies, a move that saved some facilities, according to John Donnadio, executive director of the New Jersey Association of Counties. Only seven New Jersey counties still run nursing homes, down from 14 about five years ago, and “that number is going to drop more,” he said.

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Who knew?

Why?

The Gooferment is immoral, ineffective, and inefficient. As well as untrustworthy. 

I don’t understand why it’s in 5?

Argh!

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GOVEROTRAGEOUS: FDR knew about the Shoah

Thursday, June 1, 2017

On June 1st, 1942, seven months after the extermination of prisoners began, the Warsaw underground newspaper, the Liberty Brigade, made the public announcement of the gassing of tens of thousands of Jews at Chelmno, a Nazi-operated death camp in Poland. The story came from a young man, Emanuel Ringelblum, who had escaped the Chelmno death camp after being forced to bury bodies as they were thrown out of the gas vans. The West now knew the horrific truth about the slaughter of Jews.

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So don’t believe any Gooferment propaganda that FDR didn’t know!

So why didn’t we bomb the railways?

And, why didn’t we catch all the Nazis?

Argh!

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RANT: Benghazi case is dismissed; HRC gets off again

Wednesday, May 31, 2017

http://www.politico.com/blogs/under-the-radar/2017/05/26/hillary-clinton-benghazi-email-suits-dismissed-238880

Under the Radar
Josh Gerstein on the Courts, Transparency, & More

Suit against Hillary Clinton over Benghazi deaths and emails is dismissed
By JOSH GERSTEIN 05/26/2017 10:58 PM EDT

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A federal judge in Washington has dismissed a lawsuit alleging that Hillary Clinton’s lax security surrounding her emails led to the deaths of two of the Americans killed in the 2012 attack on the U.S. diplomatic compound in Benghazi, Libya.

In a ruling Friday, U.S. District Court Judge Amy Berman Jackson tossed out the wrongful death claims as well as allegations that Clinton essentially slandered the parents of the deceased by contradicting accounts the parents gave of events related to their children’s deaths.

The suit was filed last August by Patricia Smith, the mother of State Department information officer Sean Smith, and Charles Woods, the father of CIA operative Tyrone Woods.

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In the days following the September 11, 2012 assault in Benghazi, Clinton and other administration officials linked the attack to protests in various places in the Muslim world over an anti-Islam movie trailer released on the internet. However, U.S. intelligence officials ultimately concluded that the assault using mortars and other weapons was not a spontaneous outpouring of anger but an organized attack.

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This is rapidly forgotten and brushed aside. 

“We, The Sheeple” are on to DWTS, “circuses”, and the Kardashians.

And, HRC again gets away scott free.

Argh!

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GOLDBUG: Alternatives to “soon be virtually worthless Federal Reserve Notes”

Tuesday, May 30, 2017

https://www.lewrockwell.com/2017/05/no_author/another-ron-paul-victory/

LewRockwell.com anti-state•anti-war•pro-market

In Blow to Federal Reserve, Arizona Just Legalized Gold and Silver as Currency
By Shaun Bradley
The Anti-Media
May 27, 2017

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The current economic realities affecting our quality of life will continue to force local representatives to take action while Congress faces gridlock. Without establishing alternative options for communities across the country, our entire standard of living may fall fully into the hands of the establishment politicians in Washington DC — more so than it already has.

There is a subtle ongoing realization that no matter what the pundits and politicians claim, there is no easy way out of this mess. The public’s confidence in central banking is clearly eroding, and hopefully, it will be enough to allow a new kind of financial freedom that hasn’t been seen in the United States’ economic system for over 100 years.

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It’s not enough to see the future. One MUST be able to change it. That was the Oracle at Delphi’s problem.

I’m not a fatalist; just a cynic.

The politicians and bureaucrats are worried about any future; other than their own.

Maybe I should be so short sighted.

Save your nickels.

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GOVERNACIDE: Memorial Day — Remember the dead, dying, and maimed. Punish the “chicken hawks”!

Monday, May 29, 2017

2017-May-29

http://www.washingtonpost.com/sf/local/2017/04/29/fifty-years-after-vietnams-bloodiest-battles-the-lucky-ones-are-gathering-for-what-could-be-a-final-reunion/?utm_term=.87d15ae3093f

The ‘lucky ones’
Fifty years after Vietnam’s bloodiest battles, veterans gather for what could be a final reunion
Story by Michael E. Ruane Published on April 29, 2017

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1st Lt. Victor David Westphall III , 28, of Albuquerque, killed May 22, 1968, at An Dinh in a battle that claimed 25 Marines, 12 from his company. After his death his parents and brother built a memorial to him in rural Angel Fire, N.M., among the earliest such tributes to the fallen veterans of Vietnam.

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Read the list of the young men in the sidebar of this story.

Then, tell me how you stand on “war”. Any war!

And, when you get all done, tell the “chicken hawk” politicians and bureaucrats to get us out of the Middle East and turn the Pentagon into a true “Department of Defense”.

I was lucky. I was state-side for my “term of enlistment”. Of my two best friends at Manhattan Prep, one went and came back different and one evaded dying in highway wreck. The saddest part is that I never saw my “evader” buddy and he died a few miles from where I was stationed.

Makes me sad. But I’d never criticize the folks who went or the folks who evaded. I WILL criticize all the phonies — “chicken hawks”, politicians and bureaucrats who will send youngster to die for their vanity, the Military Industrial Complex for profiting on those bodies, and the ersatz astroturf “anti-war” crowd that comes out only when there is an R in the White House. A plague on all your houses.

I reiterate the concept, that I heard best stated by video / podcaster Jason Stapleton https://jasonstapleton.com, “I’m not anti-war; I’m pro-peace”. He describes what war should be and it’s ugly. A lot of people will die. I agree that we should be “pro-peace” up until: our children’s lives or ours are at risk, our liberties are threatened, or there is NO other path to take. Then, if you’re at “war”, then be at “war”. Not this “shadow war” that “We, The Sheeple” don’t care about, want to pay for, and most certainly don’t want to fight in.

“Son, we live in a world that has walls, and those walls have to be guarded by men with guns. Whose gonna do it? You? You, Lt. Weinburg? I have a greater responsibility than you could possibly fathom. You weep for Santiago, and you curse the Marines. You have that luxury. You have the luxury of not knowing what I know. That Santiago’s death, while tragic, probably saved lives. And my existence, while grotesque and incomprehensible to you, saves lives. You don’t want the truth because deep down in places you don’t talk about at parties, you want me on that wall, you need me on that wall. We use words like honor, code, loyalty. We use these words as the backbone of a life spent defending something. You use them as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom that I provide, and then questions the manner in which I provide it. I would rather you just said thank you, and went on your way, Otherwise, I suggest you pick up a weapon, and stand a post. Either way, I don’t give a damn what you think you are entitled to.” Colonel Jessep in A Few Good Men played by Jack Nicholson

So too, if you’re so all hot and bothered to go to war, as Jason Stapleton say, “go buy a ticket, grab a gun, and go” and then you can urge — not force — other to go to. Be very lonely out there when you have to stand up and fight for what you believe in. Much easier to have the Gooferment send other people’s children to die in your stead. All so you can be “patriotic” and “though on defense”?

About the worst epithet that I can label someone with is “chicken hawk”.

Argh!

Let’s be like Switzerland and MYOB!

Dona Nobis Pacem

Requiescat In Pacem, you fallen heroes.

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GOVERNACIDE: Reflecting on the USA foreign policy from 1900 on

Sunday, May 28, 2017

http://mailchi.mp/downsizedc/good-news-about-the-obamacare-replacement-act-1047309?e=566ba6d1c5

The supposed positive outcomes of WW2 are vastly overrated. 
By Perry Willis

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To understand whether there was any positive value in U.S. wars and interventions we’ve thus far covered…

  • Were early U.S. wars good or bad?
  • Did Teddy Roosevelt co-found the Japanese empire?
  • Did U.S. politicians choose the more evil side in World War 1?
  • How U.S. politicians helped create the Soviet Union
  • How blundering U.S. politicians enabled the rise of Nazi Germany
  • How U.S. intervention in WW1 fostered the rise of radical Islam

Now comes the most important and controversial article in the series… 

Was World War 2 a “good war?”

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It’s takes a Gooferment to kill a lot of people.

Compare the USA to Switzerland and you see the difference between peace and war.

Death and destruction all over the globe.

Let’s bring all the girls and boys home now! 

“We”, as humans, have already paid to high a price.

Dona Nobis Pacem

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