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7 Books You Need to Read This February

first_imgBooks7 Books You Need to Read This FebruaryFrom a David Duchovny fable to a Sonic Youth memoir to a Blade Runner-esque sci-fi love story, here’s your monthly batch of eclectic literary recsBy Sean Fitz-Gerald – February 5, 2015722ShareEmailFacebookTwitterPinterestReddItBest of the WestLove in the Age of Mechanical Reproduction(Thomas Dunne Books, $26, out February 3)By Judd TrichterIf it’s possible to wrap Star Wars and Blade Runner into the same sketchy gumshoe package, this might be the closest thing to such a delicious sci-fi confection. Downtown Los Angeles and the LAPD get a futuristic makeover in the name of bionic love in Trichter’s debut novel, whose title is a spin-off of philosopher Walter Benjamin’s The Work of Art in the Age of Mechanical Reproduction. Android salesman Eliot Lazar falls for a product named Iris that’s been taken apart and scattered across the black market. To save his iSoulmate, Lazar must dodge an adept sleuth and frequent fisticuffs. What ensues is a neo-noir adventure punctuated by wild quirks (e.g. talking robo-privates) and underpinned by the marvels of Trichter’s (de)fleshed-out, automaton-based society.I’m Not a Terrorist, But I’ve Played One on TV(Simon & Schuster, $24, out February 17)By Maz JobraniWhat if you were a terrorist and didn’t even know it? While growing up as an Iranian in America, actor Maz Jobrani found himself questioning his non-involvement in the 1979-1981 Iranian hostage crisis. Obviously Jobrani was not (and is not) a terrorist, but the idea took some getting used to for the boy who emigrated Stateside with his parents during the Iranian Revolution. Despite decades of xenophobic remarks and suggestions, Jobrani vowed to break into the entertainment industry. You might recognize him from 13 Going on 30, The Interpreter, and True Blood—or as a founding member of the Axis of Evil Comedy Tour. This memoir details Jobrani’s rough track toward American assimilation as well as his shift from stereotypical terrorist stand-in to bona fide TV star.Golden State(Simon & Schuster, $25, out February 17)By Stephanie KeganThe book sets up like so: For the last dozen years, someone has been sending letter bombs to California universities, and the culprit could be closer to Natalie Askedahl than she thinks. The 48-year-old wife and mother grapples with aiding or outing her estranged brother (a disturbed math prodigy who conjures up images of Ted Kaczynski) in this literary drama. How anyone could ever detest the UC or Cal State system so much is beyond us, but hey, if it’s in the name of a three-dimensional, semi-rational antihero? You’ve got our attention.Best of the RestHoly Cow: A Modern-Day Dairy Tale(Farrar, Straus and Giroux, $24, out February 3)By David DuchovnyWe’ve all seen celebrity-penned books, but how often does a bizarre celebrity-penned fairytale cross our radar? Duchovny’s called his debut novel a “fable for adults,” which is obviously code for a “fable defaming meat eaters.” The book follows a trio of animals and their fearless leader, a cow named Elsie, who escape a farm and go searching for countries where they won’t be eaten. For what it’s worth, Duchovny has a master’s degree in English literature from Yale and has always considered himself a writer (not an actor, OK?). So if you want something less controversial than Lena Dunham’s memoir, more peculiar than Gene Wilder’s autobiography, and as educationally qualified as James Franco’s collection of poetry, then look no further; The arts-and-letters deities have bequeathed this wonderfully madcap book to satisfy that very itch.Funny Girl(Riverhead Books, $28, out February 3)By Nick HornbyNPR called Hornby’s latest “a book made for binge-reading,” citing its endless string of wild scenarios and crisp, clever dialogue. (That kind of makes it sound like Orange is the New Black, huh? Well, it doesn’t take place in prison, so keep waiting til summer for Piper.) Hornby’s novel follows 21-year-old Barbara Parker as she transforms herself into Sophie Straw, an ascendant TV starlet hellbent on making it in London. There’s a healthy serving of pure entertainment, as well as discussion circulating what is entertainment?, in here. If you enjoyed About a Boy or A Long Way Down, this addition to the Hornby oeuvre shouldn’t disappoint.Girl in a Band(HarperCollins, $28, out February 24)By Kim GordonIn this candid memoir from one of the founding members of Sonic Youth, Gordon takes readers on a back-stage rush through the rise and raze of her band. While their ride through the music industry was architected to appear wild and fun, SY’s inner workings were on a venomous slowburn to oblivion. Gordon’s nearly 20-year marriage to Thurston Moore paralleled the dowfall. Aside from the drama, the book—which has been compared to Patti Smith’s Just Kids—also features a record-by-record breakdown of SY’s discography. Necessarily so, Gordon’s life has been a blur of the personal and the professional. Girl in a Band exposes the overlap with all of its fascinating highs and lows.A Kim Jong-Il Production(Flatiron Books, $28, out February 3)By Paul FischerIf all the hubbub surrounding The Interview piqued your North Korean curiosity, we’ve got a couple suggestions to fuel your obsession: Guy Delisle’s Pyongyang and Paul Fischer’s nonfiction thriller. The former is a quick, hilarious graphic novel—that, fun fact, almost got turned into a movie with Steve Carell—about a Canadian animator’s brief stint working in the country; the latter mashes up incisive cinematic analysis and near-unbelievable history to recount how Kim Jong-Il kidnapped a South Korean filmmaker and actress to bolster the Hermit Kingdom’s cinematic footprint. It was a strategy that clearly worked so well: The forced partnership produced complex political hits you’ve never seen such as Salt and the monster flick Pulgasari. Nothing like a good kidnapping to get you amped for Valentine’s Day. TAGSDavid DuchovnyJudd TrichterKim GordonMaz JobraniNick HornbyPaul FischerStephanie KeganPrevious articleThe Broad’s Astonishing Art Collection Opens to the Public in SeptemberNext articleSexy Samba Dancers and Sensational Street Food at Brazilian Carnaval of LoveSean Fitz-Gerald RELATED ARTICLESMORE FROM AUTHORL.A. Permeates Indie Rock Icon Kim Gordon’s First Ever Solo RecordSlide Show: LACMA Throws a Party to Celebrate Their Architectural AcquisitionGarry Shandling’s Funny Friends Play One Final Basketball Game at His L.A. Homelast_img read more

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My LA to Z: Michael Nouri

first_imgCelebrityTVMy LA to Z: Michael NouriThe actor (who currently plays lawyer Thanassis Korkoulis on NBC’s The Slap) has been around since the golden age of Hollywood. If anyone knows where to find legit Italian espresso, to-die-for grilled cheese, and Beverly Hills’ best shoe repair, it’s himBy Thomas Harlander – March 18, 20151362ShareEmailFacebookTwitterPinterestReddItSweet Butter KitchenOne of my very, very favorite places is called Sweet Butter Kitchen. The service is fabulous, the food is fabulous, and it’s all homemade. I love the pastries, the sandwiches, the breakfast, and especially the Sunday brunch. They have an area where you can sit outside—it’s beautiful and there are misters to keep you cool.ClementineFor something quick and easy try Clementine. For me, it’s the best grilled cheese in Los Angeles. Every April they have Grilled Cheese Month, and they also make any kind of grilled cheese sandwich you want. That’s amazing: you can have anything. You can build your own grilled cheese sandwich. The basic one comes with white cheddar cheese, avocado, and roasted peppers on multigrain toasted bread. Oh, and they also put those thin sliced pickles on it. The cheese is spilling out the sides, and it’s just the right amount of crunchiness and gooeyness. It’s really awesome.Da PasqualeDa Pasquale on Little Santa Monica Boulevard is hands down the best value in town. It’s [owned by] a Neapolitan family. It’s homestyle cooking, and the family all work there. It is phenomenal.Il PiccolinoThe upscale restaurant of choice for me is Il Piccolino on Robertson. It is pricey and it’s elegant and it is a celebrity haunt. And the food is consistently fabulous. They have a lemon pasta that is just amazing. They give you a chocolate mousse for dessert that comes in something the size of a birdbath. It’s a great place for a special occasion.Greenblatt’s DeliFor deli food, the best (and I’m kind of an aficionado of deli food) of all the delis—of all the gin joints in all the world—the best deli hands down for me is Greenblatt’s. They have the best sandwiches and chicken soup, and they are open late.Aharon Coffee and Roasting Co.I’m a coffee nut, and there are two cafes that are really worth going to in Beverly Hills. One is new and it’s called Aharon Cafe. It’s a few months old and it’s beautiful—kind of Japanese in its spareness. It’s all about the coffee and about the homemade pastries. Aharon, who is the owner—he and his wife run the place—he is a perfectionist about the quality of the coffee that he roasts and serves. That is my daily go-to coffee. They actually came up with a new coffee honoring my show, The Slap, and it’s a coffee called “The Slap.” It’s like a latte, but it’s got an extra shot of espresso in it. That’s the slap, baby.Euro CaffeThe other cafe is Euro Caffe, and it is a legitimate espresso bar. They exclusively make espresso, and you’ve got the espresso machine running all the time, 24/7. It’s a traditional espresso bar where they only have maybe two tables. During soccer season you can’t even get in there because they’ve got three or four televisions going, and you’ve got all of the European guys in there fighting for a space. That’s a real scene.The Polo Lounge at the Beverly Hills HotelFor a traditional, classic Beverly Hills lunch, the Polo Lounge at the Beverly Hills Hotel is one of my favorite places. When I was 19 years old I came to Los Angeles for the first time from New York. I was introduced to Edward G. Robinson at the Polo Lounge and he shook my hand. He came up to my chest—he was a little guy—with a big cigar in his mouth, and he said, in that inimitable voice of his, “I wish you good luck, kid.” I’ve had a soft spot in my heart for the Polo Lounge ever since. This is just a tangent, but Robbie Anderson, who is the grandson of the founder of the Beverly Hills Hotel, has written a fabulous book about the hundredth anniversary of Beverly Hills and the Hotel, and that’s one of my favorite coffee table books.Arturo’s Shoe FixxIf people want to have the best shoe repair, handbag repair, leather repair, go to Arturo on Little Santa Monica Boulevard. I take my shoes there for repairs. He can do anything. I thought I’d lost a couple of pairs of shoes, but he repaired them.Photographs courtesy (in order): (4) ilpiccolinorestaurant.com (6) aharoncoffee.com; (8) flickr.com/Alan Light. All other photographs courtesy facebook.com.  TAGSAharon Coffee and Roasting Co.Arturo’s Shoe FixxBeverly Hills HotelClementineDa PasqualeEuro CaffeGreenblatt’s DeliIl PiccolinoMichael NouriSweet Butter KitchenThe Polo LoungeThe SlapPrevious articleWine Rave and Simply Wine Festival Bring the Buzz This WeekendNext articleCityDig: Who Map the World? GirlsThomas Harlander RELATED ARTICLESMORE FROM AUTHORTake a Peek Inside the Beverly Hills Hotel’s Marilyn Monroe- and Howard Hughes-Inspired BungalowsClementine Celebrates Grilled Cheese Month With an April QuesoañeraCityDig: The Story Behind the Glitz and Glamour of Rodeo Drivelast_img read more

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News / Port congestion could spread up the US west coast as new war of words erupts

first_imgBy Gavin van Marle 04/11/2014 The growing problem of port congestion on the US west coast appears to be on the verge of spreading north to Tacoma and Seattle, sparking a new war of words between terminal operators and dockers’ unions.The Pacific Maritime Association (PMA), which represents employers at the west coast container terminals, yesterday accused the International Longshore and Warehouse Union (ILWU) of initiating a go-slow at the Puget Sound ports of Tacoma and Seattle.It claimed that on Friday, ILWU representatives had been sent to certain Tacoma terminals and issued slow-down orders, which spread to other terminals in the two ports over the weekend.  The PMA claimed productivity across the two ports had declined “by an average of 40-60%. For example, terminals that typically move 25-35 containers per hour were moving only 10-18”.The ILWU and PMA have been locked in negotiations over a new master agreement covering the entire west coast since the last contract expired on 1 July, which for the most part appears to have taken place without acrimony. However, the PMA is also claiming it had requested the ILWU sign a temporary contract extension, which it had rejected.PMA spokesman Wade Gates said: “We are calling upon the ILWU to cease its slowdowns and agree to a temporary contract extension while we negotiate a new contract.“It is extremely difficult to have meaningful negotiations under the current conditions, in which the ILWU is deliberately slowing productivity in order to pressure our member companies. We urge the ILWU to re-think their slowdown strategy, which has the potential to cause great damage to the local, regional and national economies.”The ILWU hit back, claiming the PMA statement was a “dishonest media offensive” that was “designed to smear the union and to deflect responsibility from a growing congestion problem”.It maintained that in the six months since the expiry of the contract the ILWU had “consistently come to the table in good faith, despite PMA’s early pressure tactics, which include secretly trying to shift away thousands of ocean container chassis traditionally handled and maintained by longshore workers and refusing to bargain a training programme for longshore workers that prevents non-qualified workers from operating dangerous equipment”.Although there is no specific reference to the growing problems at the ports of Tacoma and Seattle, the ILWU said: “PMA’s press statement dishonestly accuses the ILWU of breaking a supposed agreement that normal operations at west coast ports would continue until an agreement could be reached. This is a bold-faced lie. No such agreement was ever made, nor could it be made, given the parties’ historic disagreement regarding the definition of ‘normal operations’ – a disagreement that has been the subject of arbitrations for decades.”And the union attributed the severe congestion seen at Los Angeles and Long Beach in recent weeks mainly to shortages of chassis, drivers and intermodal rail wagons.Labour relations advisor Jim Tessier claimed that on Sunday, dockers in Tacoma had been told by union leaders that the PMA had walked away from negotiations and they should “work very safely”, which he claimed resulted in a two-mile truck queues at the port and quayside crane moves down to just eight an hour.He added that Bobby Olvera, president of ILWU 13, which represents dockers in Los Angeles, had instructed his members that they were to “work safely as well”.Mr Tessier predicted that could lead to a lock-out in Los Angeles, a repeat of the scenes of 2002, when dockers were locked out of work for 10 days, bringing chaos to US container supply chains.There is a further complication in that it has been ILWU 13, along with Locals 63 and 94 which had been locked in a dispute with MOL’s automated TraPac terminal in Los Angeles, which was effectively shut down by the unions over safety fears, and which G6 alliance member NYK had attributed as a particular source of conflict.“For weeks, TraPac and PMA refused to even acknowledge that the automated yard was unsafe, despite at least 11 collisions during this time period. Rather than give the union full disclosure and work with the Union to make the automation safe, the employers attempted to bully the Union and threatened us with lawsuits and lockouts,” a statement from the three locals claimed.However agreement was reached towards the end of October where the terminal produced a new operating protocol for automated terminals, which including new safety procedures, and the unions said the first ship it would service would be the MOL Matrix, due to arrive at the terminal last Friday,.It is perhaps a measure of the size of the backlog that according to satellite AIS sources, the vessel only docked at the facility in the early hours of this morning.last_img read more

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News / Customs must stay simple after Brexit if logistics sector is to benefit

first_img Brexit is an opportunity to advance UK logistics infrastructure, but the government must ensure simplified Customs procedures in any exit deal with the EU.This was the view of a panel of speakers at the Keep Britain Trading conference today, organised by the Freight Transport Association.Director of public affairs at UPS Richard Currie said seamless connectivity between the UK and the EU was critical for both sides to continue doing business successfully.“It’s important that the relationship does not descend into one of third-nation status,” said Mr Currie. “This would increase procedures and Customs processing, resulting in major backlogs across the entire supply chain.” By Alexander Whiteman 16/03/2017 Richard Ballantyne, chief executive of the British Ports Association (BPA), supported Mr Currie, adding that facilitation was also the BPA’s number-one concern.“Ports are natural bottlenecks,” said Mr Ballantyne. “Bureaucracy, particularly in Customs and border procedures, can cause significant blockages.”He noted that while the EU had the ability to form Customs-light procedures, the political will and need to reinforce the strength of the EU could be a hindrance.Alongside ensuring open road and sea movements, Mr Currie said the government would also need to secure open skies agreements with both the EU and the US – the UK’s existing open sky agreement with the US was signed as part of its EU membership.The panel also called for clarity on the situation surrounding migration, with the UK facing a skills shortage – particularly in terms of HGV drivers, with the Road Haulage Association claiming a shortfall of around 50,000.Kevin Lucas, supply chain operations director at Neovia, said 60,000 drivers on UK roads were from East European countries and expressed concern that, with unemployment at less than 5%, any threat to these workers would add strain to the industry “beyond breaking point”.“If migration is made a bargaining chip during negotiations, there could be a major exodus of HGV drivers,” said Mr Lucas. “We are already struggling to fill existing shortfalls, so where will we get this workforce from?”Despite concerns over Customs and jobs, the panel said Brexit also presented an opportunity to speed up the technological development of UK supply chains.“Artificial intelligence, innovation and thinking outside the box can all benefit from Brexit,” said Mr Lucas. “It will provide a platform for us to think further on how we use technology and maybe the impetus to deploy it.”Mr Ballantyne shared this view, arguing that if the government approached the negotiations with “sensitivity and intelligence”, the logistics sector could thrive.“We urge the government to work with us on this,” he said.last_img read more

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Pharmalittle: Judge blocks Trump plan to run drug prices in TV ads; former Insys execs cooperate with the feds

first_img Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. By Ed Silverman July 9, 2019 Reprints Ed Silverman @Pharmalot [email protected] Pharmalittle: Judge blocks Trump plan to run drug prices in TV ads; former Insys execs cooperate with the feds Log In | Learn More What is it? Hello, everyone, and how are you today? We are doing just fine, thank you, since a cool breeze and sunny skies are enveloping the Pharmalot campus. One short person has left for work and the other is sleeping in, as is the official mascot. This leaves us to focus on matters at hand, which start with brewing cups of stimulation (butter pecan, for those keeping track) and foraging for items of interest. Speaking of which, here is a new batch. Hope your day goes well and do keep us in mind when something saucy occurs …A federal judge blocked a Trump administration regulation that requires drug makers to include list prices in ads, STAT writes. The decision, which came just hours before the rule was set to take effect, came after three drug makers sued the administration, arguing the Department of Health and Human Services did not have the authority to require the disclosures and requiring them violated First Amendment rights. While agreeing that HHS overstepped its authority in requiring such disclosures, the judge did not rule on the First Amendment concerns. What’s included?center_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. About the Author Reprints Alex Hogan/STAT Tags Donald Trumpdrug pricinggovernment agenciesopioidspharmaceuticalsSTAT+ GET STARTED Pharmalot Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTEDlast_img read more

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The LaoisToday Photo Annual 2019 is on sale now – and here is where you can buy it

first_imgHome Sponsored The LaoisToday Photo Annual 2019 is on sale now – and here… Sponsored Twitter WhatsApp GAA Previous articleRivers, roads and Rathdowney – series of issues ire local councillorsNext articleLaois hurling boss hits out at pre-season competitions as 2020 set to start LaoisToday Reporter RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Our Current Stockists:All Books & News, PortlaoiseThe Bookmark, PortlaoisePortlaoise Parish CentreMartley’s Newsagents, PortlaoiseDowling’s Newsagents, PortlaoiseBosco’s Gala, PortlaoiseFifty Seven Boutique, DurrowFifty Seven Boutique, PortarlingtonEasons, CarlowThe Card Stand, RathdowneyKeane’s, RathdowneyIf you would like to stock the LaoisToday Annual please get in touch with the LaoisToday team on 085 1555812.You can order any of our store items by calling the LaoisToday office on 057 8670722. You can also place an order by emailing [email protected] SEE ALSO – Books, jersey and hats – the LaoisToday store is now open  TAGSLaoisToday The LaoisToday Photo Annual 2019 is on sale now – and here is where you can buy it Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory center_img Pinterest Here are all of Wednesday’s Laois GAA results By LaoisToday Reporter – 14th December 2019 What a year that was.There’s always an amount of great events but this year there was a particular sequence of unforgettable moments in quick succession – the success of the Laois hurlers, the drama of the Local Elections and the enduring brilliance of the Electric Picnic.The LaoisToday team had a ringside view of all of those events, as well as many more, and such was the range of photos that we captured at so many different events, we decided to put them all in one place. And that place is the LaoisToday Photo Annual 2019.It’s a 160-page high quality publication, packed with almost 900 photos featuring thousands of Laois people. It retails at €20 and will make for an ideal Christmas stocking filler or Kris Kringle.But there’s plenty more in it too – from school visits to Dinner Dances, St Patrick’s Day parades to community events, county finals to debs.The book is printed by Sign and Design, owned by Graiguecullen man and well-known local photographer Paul Dargan.The publication was compiled LaoisToday photographer Julie Anne Miller and is available to buy in a range of outlets around the county as well as directly from the LaoisToday office.“Given the volume and variety of photos that were taken, I thought that these images should all be put together. That’s where the idea for this book came from,” explains Julie Anne.“I’m not an experienced photographer by any means – I’m no Alf Harvey, Michael Scully, Denis Byrne or Paul Dargan – but I do find myself taking photos of people in very positive situations.“This book is a reflection of that and I hope we can look back on it as a really good time for our county. In short, it’s a book of happiness.” Pinterest GAA GAA Facebook Facebook 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

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Long serving Laois defender announces retirement from inter-county football

first_img The Laois footballers will be without the services of one of their longest serving defenders for the 2021 season as Denis Booth has announced his retirement.The Heath man has represented the county for the majority of the last decade and played his last game back in October when he started at full back against Westmeath in Division 2 of the national football league.In total, Booth pulled on the Laois jersey on 64 occasions in competitive games. Long serving Laois defender announces retirement from inter-county football Electric Picnic Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival TAGSDenis BoothLaois senior footballersThe Heath Pinterest Pinterest Electric Picnic Electric Picnic organisers release statement following confirmation of new festival date Facebook Home Sport GAA Long serving Laois defender announces retirement from inter-county football SportGAAGaelic FootballLaois Senior Football Team Previous articleSadness at death of well-known Timahoe community man Johnny DaltonNext articleDeaths in Laois – Monday, January 4, 2021 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016.center_img Facebook WhatsApp Twitter Electric Picnic WhatsApp He made 20 championship, 32 national league and 12 O’Byrne Cup appearances.The 34-year-old made his debut in January 2010 and predominantly featured in the full back line.Laois GAA paid tribute to him for his years of service in a video on their social media channels.They said: “Congratulations Denis Booth on your career with Laois GAA.“The commitment you have shown to the Laois jersey over many years was outstanding.“Best wishes for the future and congratulations on your retirement.”Check it out below:Congratulations Denis Booth on your career with Laois GAA. The commitment you have shown to the Laois jersey over many years was outstanding.Best wishes for the future and congratulations on your retirement. pic.twitter.com/3ZxKfrusbA— Laois GAA (@CLGLaois) January 3, 2021SEE ALSO – Portlaoise Hospital delivers two of Ireland’s first babies of 2021 RELATED ARTICLESMORE FROM AUTHOR By Alan Hartnett – 3rd January 2021 Twitter Electric Picnic apply to Laois County Council for new date for this year’s festivallast_img read more

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Manulife Mutual Funds launches “10% free” change offer

Manulife Mutual Funds said Monday it will launch a “10% free” change offer for all funds sold under the low-load sales charge option. The program launches August 1, and all purchases made in 2012 and beyond will qualify. IE Staff New portfolio manager for BMO Global Equity Class Canadian mutual fund fees comparable to U.S.: report O’Leary Funds to get low load sales charge option Related news Facebook LinkedIn Twitter Starting with purchases made in 2012, investors will have the opportunity to redeem, reclassify or convert up to 10% of their securities from the low-load sales charge option each year, based on the number of securities purchased as of December 31 of the previous year and those purchased within the current year up to the date of redemption, reclassification or conversion. “The low-load sales charge option has become increasingly popular as it offers a shorter sales charge redemption schedule (typically three-four years) versus a fund purchased with a standard six year sales charge option. We are pleased to add more flexibility for our investors through this purchase option, by allowing them to access a portion of their investments each year without paying a redemption fee,” says Jeff Ray, assistant vice president, mutual funds & structured products. Keywords Fund loadsCompanies Manulife Mutual Funds Share this article and your comments with peers on social media read more

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U.S. regulators propose standards for assessing diversity policies

The proposed standards cover four areas: organizational commitment to diversity and inclusion; workforce profile and employment practices; procurement and business practices and supplier diversity; and, practices to promote transparency of organizational diversity and inclusion. The regulators say that in developing the proposed standards, the six agencies tailored the standards to account for variables including asset size, number of employees, governance structure, income, number of members or customers, contract volume, location, and community characteristics. U.S. regulators are proposing joint standards for assessing the policies and practices for diversity at the financial firms they regulate. In an effort to promote transparency, and greater awareness of diversity policies and practices, six U.S. federal financial regulators (including the U.S. Securities and Exchange Commission (SEC) and the U.S. Federal Reserve Board) are proposing standards for assessing the policies and practices of the institutions they regulate. SRO asks whether rules create barriers to diversity Related news Facebook LinkedIn Twitter U.K. regulator to consider diversity requirements for public companies CSA to launch diversity consultations Keywords Diversity Share this article and your comments with peers on social media James Langton read more

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FINRA fines Fidelity Brokerage Services US$1 million for supervisory failures

first_img Keywords Enforcement PwC alleges deleted emails, unusual transactions in Bridging Finance case BFI investors plead for firm’s sale James Langton Related news The U.S. Financial Industry Regulatory Authority (FINRA) has sanctioned Fidelity Brokerage Services LLC for failing to detect a fraudulent scheme targeting several of its clients. FINRA announced on Friday that it has fined Fidelity Brokerage Services LLC US$500,000, and ordered it to pay almost US$530,000 in restitution for failing to detect or prevent the theft of more than US$1 million from nine of its customers, eight of whom were senior citizens. center_img Facebook LinkedIn Twitter Lisa Lewis posed as a Fidelity broker and targeted former customers from another brokerage firm from which she had been fired, obtaining their personal information, and systematically stealing from them, FINRA says in a statement. According to FINRA, in June 2014, Lewis pleaded guilty to wire fraud, and was sentenced to 15 years in prison and was ordered to pay more than US$2 million in restitution to her victims. FINRA found that Fidelity failed to detect, or to adequately follow up on multiple “red flags” related to Lewis’s scheme, the FINRA statement says, and the firm’s inadequate supervisory systems and procedures contributed to the failure to prevent the fraud. Fidelity Brokerage Services settled the case, neither admitting nor denying the charges, but consented to the entry of FINRA’s findings. “Protection of senior investors is a core mission for FINRA,” says Brad Bennett, executive vice president and chief of enforcement at FINRA, in a statement. “This case is a reminder to firms to ensure their supervisory systems and procedures are designed to protect senior investors from harm and to adequately follow-up on red flags to detect potential fraudulent account activity.” See also: NASAA launches seniors-focused website Share this article and your comments with peers on social media Mouth mechanic turned market manipulatorlast_img read more