A number of hostages in a popular cafe. Bureau,our Bloomberg Paul allen is covering events for us. What more do we know . There have been a few developments since last we spoke. The police have pushed their street,ack to hunter the block our building is on. You can see the high shot taken out of the window of our building. Building, you can see, is not a cafe. The cafe it self is about a further 100 meters up the road to the left. This is right across the street from the reserve bank of australia and directly across the plaza from channel 7, which has also been evacuated. Hourer development at this is the number of people inside the building. We have been saying it is believed to be up to 20. We have since spoken to the ceo of lindt australia and he said there were 10 working at the time and could be up to 30 customers. There could be up to 40, but that has not been confirmed by the police or any other agency. We have seen pictures of people with their hands up against the window. Two
My brokerage account how much i was paying in fees and it wasnt until i hired and independent consultant who told me how much i was paying. It shocked me. One of the points the article made was that over the course of 30 years, to investors two investors with roughly the same amount of money but one with an actively managed account would reap much less than going to an index fund. Over the long run, actively managed accounts cannot beat the market. They are lucky to stay even with the market. I wonder if you could tell us if there are any studies you are aware of about an advantage of an actively managed account versus the advantages of an index fund. Secretary perez you have taken the words out of my mouth. In our research we have seen the same studies. The concern i hear the most frequently is that this is going to hurt small savers. I would respectfully assert that small savers are the people who need to make sure that their advisors are working in their best interest. Small savers
At the sec who have been very helpful. And rich cordray and his team that have been very helpful. And industry stake holders with whom weve met with regularity because theyve been very helpful in enable ling us to understand the Business Model and how you thread the needle. I think it is a false choice to suggest that the only way to continue the business of providing Financial Service advice to folks is the status quo. I categorically reject that. You know, i have heard from some, i dont understand the problem youre seeking to solve. And with all due respect, i dont i cant believe that you dont understand the problem that were seeking to resolve. I really dont. And i dont mean that disrespectfully. And fortunately, i have heard that less and less in recent months. I heard that at the outset. And i hear that less and less. And that is the good news. And so what are we trying to do with our proposed rule . Were trying to solve the problems that have afflicted so many people. You know, i
Thinkprogress. Org. On december 1, is night and day from where it was. The site is now stable and operating at its intended capacity at a greatly improved performance. Here is more. We start at the top of page six on Response Times. Response times, this is the measure of how quickly responds go to a user request. You can see on a bar on the lefthand side that in late october, the Response Time was running around eight seconds, which was clearly unacceptable and very frustrating for consumers. We now have much faster Response Times. The line graph shows average Response Time by day in the last three weeks. You can see the average Response Time is well under one second. The chart on the bottom of page six shows system error rate, another key operating metric. Oftens a measure of how the system presents an error message. You can see the progress that has been made. The far left shows where we were in late october with an error rate of approximately six percent. We got that down to two per
The nasdaq jumped 1. 14 , its worth remembering that companies can and do change their stripes. Actually improving the business all of the time. Sometimes the moves are revolutionary and sometimes theyre evolutionary. Today, we heard from a cavalcade of companies and the results are remarkably positive and they made you a ton of money. Why dont we start with the most obvious one, Green Mountain coffee roasters. Which after today should rename itself Green Mountain coke refrigerator. Thats because last night cocacola bought a 10 stake in the company and are going to partner with them to develop a cold soda maker, a keurig, yep, for soda. Until last night Green Mountain had clearly peaked with slowing numbers. And the two high valuation. But bryan kehly, Green Mountains chronically underestimated ceo saw the weaknesses and thought big, partnering with coke to have a disruptive machine from the looks and the sound of it will be much easier to year and therefore better than soda stream. Pl