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Showing posts with the label Conflict of interest

Why the #FED doesn’t care about Black unemployment

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Why the  #FED  doesn’t care about Black unemployment. EllisonReport 12/22/2015 edition: New shifts in the GOP primary. Emerging differences among Democratic and GOP candidates on national security issues. How the political calculus might reshape (or not) in wake of trial, grand jury decisions. Federal education policy 50 years later. How recent interest rate hikes eviscerate already eviscerated African Americans.   Economist William Cunningham (@CreativeInv) talks about how the Fed doesn’t care about Black unemployment – but, has many tools at its disposal to take care of it.  Listen at:  https://drive.google.com/file/d/11yR9RGTdY5ccp5PyEhbjkRqgiKQJm34-/view?usp=sharing

Financial Conflicts of Interest

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We define a financial conflict of interest as a situation in which a person, institution or organization has more than one financial  interest in a particular investment vehicle or asset. The problem occurs when parties whose interests are singular, and thus not compromised, depend upon a conflicted individual or institution for primary advice concerning the purchase, sale or retention of the conflicted financial asset. The conflict "corrupts the motivation of the individual or organization" providing advice.  According to the White House's Council of Economic Advisers, "conflicted retirement investment advice costs investors $17 billion each year," The US Department of Labor recently held a hearing on conflicts of interest in the provision of retirement investment advice. The goal of the hearing was to gather testimony on the  Employee Benefits Security Administration's (EBSA) proposal to reduce conflicts of interest  in the retirement advice marketpl