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22 episodes with Corzine
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2 episodes with Corzine
2 episodes with Corzine
2 episodes with Corzine
2 episodes with Corzine
2 episodes with Corzine
Longtime friend of Wellspring and special guest Ron Corzine reminds us who we are in Christ, and the powerful ways claiming this identity can shape our daily lives.
From countdown to Amen...Join us as we make space in our lives for God for the next hour. No matter who you are, you are welcome! There is room here for you and we pray you find a place of belonging in Jesus.
July 10, 2023The Funny Thing About YogaBroing Out with Calvin CorzineEpisode No. 22In this episode Giana and Bradshaw talk with LA based yoga teacher, Calvin Corzine about his new yoga studio venture, his instagram polls, regional yoga differences and so much more. Calvin is smart, super chill, and he shares a ton of insight from his experience in the yoga world. They connect over FRC, Jui Jitsu, and share their experiences with feedback, mentors, and a continued interest in expansion and growth. This conversation feels like a casual chat amongst friends; you will laugh, you will learn, and we hope you'll feel inspired to advance your studies. Make sure to listen till the very end for the funniest Funny Thing stories yet. As always, don't forget to rate, review, subscribe, and share with friends. We hope you enjoy the listen!00:00 Intro00:30 Welcome to the Pod ! We've got a Guest02:45 Let's hear It for Calvin 06:03 Calvin talks Camp LA15:08 Bradshaw asks about FRC 19:30 Misinformation, Oral Tradition, and Ownership21:35 Updating your Teaching22:45 Jui Jitsu23:35 Calvins Instagram Polls29:55 Mentorship32:55 The New Generation38:00 Feedback and Growth43:30 Regional Yoga Vibes46:13 Auditioning48:08 East Coast 50:07 LA Hotties & Class Descriptions55:10 Yoga Frustrations and Modern History57:30 Has the Mentor Generation done “the Grind”59:02 The Funny Thing About YogaFollow Calvin Corzine @calvmonsterFollow Us on Instagram:@TheFunnyThingAboutYoga @CayaYogaSchool @GianaGambino @BradshawWishJoin us in Nicaragua: https://www.cayayogaschool.com/nicargua Be Featured on the Podcast: https://docs.google.com/forms/d/e/1FAIpQLSck2nTNc_UlcCKBhZId5DmDwoU6aslkFfGKtdz-1uSo-HNY8g/viewformSubscribe to our Newsletter: https://www.cayayogaschool.com/contactFollow us on IG: https://www.instagram.com/thefunnythingaboutyoga/Learn more about C.A.Y.A. Yoga School: https://www.cayayogaschool.comGiana's Website: https://www.gianayoga.com/ Bradshaws Website: https://www.bradshawwish.com/ Hosted on Acast. See acast.com/privacy for more information.
THE KELLY CARDENAS PODCAST PRESENTS Chandler is the young adult pastor at Daybreak church and has earned a master's degree in educational leadership. His greatest passion is helping the now generation understand their God given identity, so they can live out the fullness of who they were created to be. His wife Andie and golden retriever Belli keep him full of joy as they love life in Carlsbad, CA. https://daybreakchurch.org/ “Seth is the Middle School Pastor for Daybreak Church in Carlsbad, CA. At the age of 9, Seth felt the call into a lifetime of ministry. Now at 28, Seth has been walking that calling out for the last 7 years. He is passionate about discipling young people to own their own faith and desires to be a voice of influence into culture that brings unity to the generations of old and young by the power of the Holy Spirit. Seth's biggest joy in life is spending time with his wife Jess, and his favorite hobby is playing golf.” Thank you to our sponsors THE VIBE ROOM Be sure to check out my new audiobook SUCCESS LEAVES CLUES (THE 7 P'S THAT CAN SHIFT YOUR REALITY) PRIVATE MONEY CLUB USE CODE - KELLY500 MONEY SCHOOL TABLE ONE HOSPITALITY RAVEN DRUM FOUNDATION THE MINA GROUP SECRET KNOCK FAMECAST Findlay Volvo Las Vegas Samaritans Feet Cardenas Law Group Squeeze Dried Agua Hedionda Lagoon Foundation BLING SHINE SERUM-The #1 seller of over 15 years and the only product to be endorsed by my MAMA! MORE KELLY “JOY IS THE ART OF FALLING IN LOVE WITH YOUR CURRENT CIRCUMSTANCES AND ALLOWING MAGIC TO HAPPEN!” EXECUTIVE PRODUCER MADDOX CARDENAS --- Send in a voice message: https://podcasters.spotify.com/pod/show/kelly-cardenas/message
In episode 35 of the Legal Creatives Podcast, host Tessa Manuello sits down with attorney Ian Corzine to discuss the recent explosion of activity in the Metaverse and its implications for the law. Together they explore topics such as Non-Fungible Tokens (NFTs), the Metaverse, and the legal implications these new technologies have for brands and businesses, creators and artists, and look at some practical strategies that can be implemented today to take advantage of the metaverse from a business perspective. In this cutting-edge discussion, Ian offers his unique perspective as a lawyer and an entrepreneur with a real passion and vision for the metaverse. Don't miss out on this thought-provoking conversation that dives into how technology is quickly changing the legal and business landscape! Please note this is not legal advice. This is about the Metaverse, NFTs and leveraging strategically for entrepreneurs, business owners and also lawyers who want to enter the Metaverse. Here's what you will learn in this Episode: - What is the Metaverse, really? What's the difference between the Metaverse, VR Virtual Reality and NFTs (Non Fungible Tokens)? - Why so many brands are already using the Metaverse? What's the added value of having a 3D space in the Metavere? - What are NFTs and how useful can they be for creators and entrepreneurs but also for businesses and organizations? - Why virtual lands in the Metaverse is the future of work, customer relationships, marketing and advertising? - What is the status of legislations for the Metaverse, NFTs and Cryptocurrency? - What are some of the practical ways to leverage the Metaverse, Cryptocurrencies and NFTs to start a business or to grow an existing business? Don't miss out on this great conversation with Ian Corzine, from Metaverse Mastery! Liked this episode?
From countdown to Amen...Join us as we make space in our lives for God for the next hour. No matter who you are, you are welcome! There is room here for you and we pray you find a place of belonging in Jesus.
Invest In Her host Catherine Gray talks with Nicola Corzine, the founding executive director of the Nasdaq Entrepreneurial Center, a non-profit that delivers world-class resources and mentoring to enable every entrepreneur across the globe to realize their maximum potential. As Executive Director, Nicola is responsible for strategic and operational leadership that help drive research, programing, fundraising, and operations for the organization. www.sheangelinvestors.com https://thecenter.nasdaq.org/ Follow Us On Social Facebook | Instagram | Twitter | LinkedIn
Jason Corzine is stepping in as the new director at the Telluride Foundation. He talks about the Foundation's mission, the programs it has going in the region, what's on the radar for the future, and his favorite music!
Pastor Rone Corzine | 2/13/2022 | #cfparislive #wearecfparis
01 - Evil Heart 3:03 02 - One Distant Heart 3:58 03 - From Hell To Heaven 4:11 04 - Little Aria In G... 0:38 05 - Devil In Disguise 3:55 06 - Through The Eyes... 3:48 07 - Castle of Lost S... 4:18 08 - Battle In The Di... 3:42 09 - Dragon's Fire --- Send in a voice message: https://anchor.fm/brutally-delicious/message
Nicola Corzine is the Executive Director of the Nasdaq Entrepreneurial Center where thousands of entrepreneurs have come thru its doors to gain a fundamental understanding and insights into building the next generation of great companies. No charge, No Equity = Big Impact. But beyond the platform, Nicola has personally led the development of the curriculum and directed the conversation in important new directions, many before they became mainstream #DiversityAndInclusion #MinotrityAccess2VC #CEOMentalHealth - aided by her strong background as entrepreneur and investor. And they are always looking for more great mentors, leaders as well. Give a Listen and Share - #BuildingGreatLeaders #entrepreneurprograms #Entrepreneurship #MilestoneMakers #Nasdaq @Nicola @Celena @Colin
Shawn Corzine, Founder & CEO at SilverPoint Senior Living, discusses the importance of operator collaboration and how being intentional directly influences purpose in the senior living industry.Apply to become a BTG Ambassador here.Powered by supporting partners OneDay, Enquire, LTC REIT, Solinity, and The Bridge Group ConstructionYouTube Instagram Facebook Twitter LinkedIn Lucas McCurdy, @SeniorLivingFan Owner, The Bridge Group Construction; Senior Living Construction Renovation - CapEx - Reposition Joshua Crisp, Founder Solinity; Senior Living Consultation - Management - Development - Marketing
As the oldest continuous operating pharmacy in town, Allen's Pharmacy is synonymous with Chillicothe. Founded by Gib Allen and now operated by Steve and Kevin Allen, they've served the community more than 78 years now. But, it's more than a place to pick up prescriptions, it's a place where everyone is treated with a friendly smile and a desire to help. Join us as we talk to Kevin Allen and Winston Corzine from Allen's for a fun and informative chat about a Chillicothe tradtion!Feels Like Home Podcast is powered by Horizon, Greater Things are Coming! Bringing fiber to the home service in Chillicothe, Circleville and more new cities coming soon! Call Horizon today to get the fastest, most reliable, and the only 100% fiber optic Internet service in the area. As always, thanks for listening to Feels Like Home. Send us feedback at feelslikehomepod@gmail.com. Hit that subscribe or follow button on your favorite podcast site and give us a review! Let your friends and fellow podcast listeners about us. Special thanks to Buzzsprout, our podcast hosting service.Follow and interact with us on Facebook and Twitter. Feels Like Home theme song is provided by our great friend, Cory Breth. Check out his music and merchandise here: https://www.corybrethofficial.comPowered by Horizon The fastest, most reliable, and the only 100% fiber optic Internet service in the area.
The St. Paul Center's daily scripture reflections from the Mass for THE COMMEMORATION OF ALL THE FAITHFUL DEPARTED (ALL SOULS) by Mr. Rob Corzine. THE COMMEMORATION OF ALL THE FAITHFUL DEPARTED (ALL SOULS) First Reading: Wisdom 3: 1-9 Responsorial Psalm: Psalms 23: 1-3a, 3b-4, 5, 6 Second Reading: Romans 5: 5-11 Alleluia: Matthew 25: 34 Gospel: John 6: 37-40 Learn more about the Mass at www.stpaulcenter.com
The St. Paul Center's daily scripture reflections from the Mass for Tuesday of the Thirtieth Week of Ordinary Time by Mr. Rob Corzine. First Reading: Romans 8: 18-25 Responsorial Psalm: Psalms 126: 1b-2ab, 2cd-3, 4-5, 6 Alleluia: Matthew 11: 25 Gospel: Luke 13: 18-21 Learn more about the Mass at www.stpaulcenter.com
The St. Paul Center's daily scripture reflections from the Mass for the Memorial of Isaac Jogues and John de Brébeuf and Companions by Mr. Rob Corzine. Isaac Jogues and John de Brébeuf, Psalms, religious, missioneries, Martyrs, & Companions, Martyrs Obligatory Memorial First Reading: Romans 5: 12, 15b, 17-19, 20b-21 Responsorial Psalm: Psalms 40: 7-8a, 8b-9, 10, 17 Alleluia: Luke 21: 36 Gospel: Luke 12: 35-38 Learn more about the Mass at www.stpaulcenter.com
The St. Paul Center's daily scripture reflections from the Mass for Tuesday of the Twenty-eighth Week of Ordinary Time by Mr. Rob Corzine. First Reading: Romans 1: 16-25 Responsorial Psalm: Psalms 19: 2-3, 4-5 Alleluia: Hebrews 4: 12 Gospel: Luke 11: 37-41 Learn more about the Mass at www.stpaulcenter.com
The St. Paul Center's daily scripture reflections from the Mass for Tuesday of the Twenty-seventh Week of Ordinary Time by Mr. Rob Corzine. First Reading: Jonah 3: 1-10 Responsorial Psalm: Psalms 130: 1b-2, 3-4ab, 7-8 Alleluia: Luke 11: 28 Gospel: Luke 10: 38-42 Learn more about the Mass at www.stpaulcenter.com
The St. Paul Center's daily scripture reflections from the Mass for Tuesday of the Twenty-sixth Week of Ordinary Time by Mr. Rob Corzine. Ordinary Weekday / Wenceslaus, Martyr / Lawrence Ruiz, Married Man, Martyr, & Companions, Martyrs First Reading: Zechariah 8: 20-23 Responsorial Psalm: Psalms 87: 1b-3, 4-5, 6-7 Alleluia: Mark 10: 45 Gospel: Luke 9: 51-56 Learn more about the Mass at www.stpaulcenter.com
The St. Paul Center's daily scripture reflections from the Mass for Tuesday of the Twenty-fourth Week of Ordinary Time by Mr. Rob Corzine. Matthew, Apostle, Evangelist Feast First Reading: Ephesians 4: 1-7, 11-13 Responsorial Psalm: Psalms 19: 2-3, 4-5 Gospel: Matthew 9: 9-13 Learn more about the Mass at www.stpaulcenter.com
The St. Paul Center's daily scripture reflections from the Mass for the Feast of the Exaltation of the Holy Cross by Mr. Rob Corzine. First Reading: Numbers 21: 4b-9 Responsorial Psalm: Psalms 78: 1bc-2, 34-35, 36-37, 38 Second Reading: Philippians 2: 6-11 Gospel: John 3: 13-17 Learn more about the Mass at www.stpaulcenter.com
The St. Paul Center's daily scripture reflections from the Mass for Tuesday of the Twenty-second Week of Ordinary Time by Mr. Rob Corzine. Learn more about the St. Paul Center at www.stpaulcenter.com 1 Thes 5:1-6, 9-11 PS 27:1, 4, 13-14 Lk 4:31-37 Learn more about the Mass at https://bit.ly/2JXEf18
Aug 29, 2021 - Kenneth Howell talks about his book: “Mystery of the Altar”, and Robert Corzine talks about “Parousia”, a series on the Bible and the Mass. Mystery of the Altar: https://stpaulcenter.com/product/mystery-of-the-altar-daily-meditations-on-the-eucharist/ Parousia: https://stpaulcenter.com/studies-tools/journey-through-scripture/parousia-the-bible-and-the-mass/ St Paul Center for Biblical Theology: https://stpaulcenter.com Listen live or get the podcast on the Veritas app: https://www.veritascatholic.com/listen
For any parts in a mechanical process, preventative maintenance is critical for a longer, useful life. That's true for valves in water systems. On Valve Chronicles, host Tyler Kern spoke with Jake Corzine, Western Regional Manager, Cla-Val, and Randy Harris, EMT Superintendent, California Water, about the subject.Harris' role with Cal Water is to manage a network that maintains electrical and mechanical systems, including valves. He explained the different types, “We use altitude, pressure reducing, pressure, release, and pump control. Additionally, sometimes there are combination valves.”In Harris' area, which includes 1750 valves, it's a tall order to keep them in top shape. He shared that some are as old as 1953, while they just installed a new one. So, how do they service all these valves? Harris answered, “We are constantly checking the condition to ensure something that's worn out is replaced before failure.” They use a computerized maintenance management system that includes all the valves and have a five-year cycle for each one. Corzine commented, “Cal Water has also standardized each type of valve, which helps with maintenance.”Replacement versus fixing is another consideration. “It's the age and condition. We look at the inside of the valve. Before the mid-90s, they didn't have an epoxy coating, so rust builds up and has to be scraped away, which makes the body thinner,” Harris said.Corzine noted that Cal Water has an excellent maintenance program and encouraged all organizations to “allocate funds and time to this because it prolongs the life of the valve.”
For any parts in a mechanical process, preventative maintenance is critical for a longer, useful life. That's true for valves in water systems. On Valve Chronicles, host Tyler Kern spoke with Jake Corzine, Western Regional Manager, Cla-Val, and Randy Harris, EMT Superintendent, California Water, about the subject.Harris' role with Cal Water is to manage a network that maintains electrical and mechanical systems, including valves. He explained the different types, “We use altitude, pressure reducing, pressure, release, and pump control. Additionally, sometimes there are combination valves.”In Harris' area, which includes 1750 valves, it's a tall order to keep them in top shape. He shared that some are as old as 1953, while they just installed a new one. So, how do they service all these valves? Harris answered, “We are constantly checking the condition to ensure something that's worn out is replaced before failure.” They use a computerized maintenance management system that includes all the valves and have a five-year cycle for each one. Corzine commented, “Cal Water has also standardized each type of valve, which helps with maintenance.”Replacement versus fixing is another consideration. “It's the age and condition. We look at the inside of the valve. Before the mid-90s, they didn't have an epoxy coating, so rust builds up and has to be scraped away, which makes the body thinner,” Harris said.Corzine noted that Cal Water has an excellent maintenance program and encouraged all organizations to “allocate funds and time to this because it prolongs the life of the valve.”
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at www.stpaulcenter.com
Lindsay Corzine is the owner and operator of Well Life Health Coaching. She is a Certified Personal Trainer, Nutrition Coach, and Independent Consultant with Arbonne International. Lindsay has extensive experience in the field of health and wellness. She has helped hundreds of clients lose fat, add lean muscle; but most importantly, gain confidence. Her most recent projects include co-authoring a book (which should be ready for publishing before year-end) and developing online fitness curriculum for corporate wellness initiatives. Before health coaching, she spent 18 years as a banker. Desiring more she hatched a plan to escape the corporate grind and hasn't looked back since! On top of being a business owner, she is a wife and mother of two boys so she understands the balance and discipline it takes to lead a healthy lifestyle, all while balancing life's competing priorities. Lindsay is an avid runner, weight lifter, and lover of Pilates. She believes exercising, eating from the earth, and proper recovery/self-care are the keys to a strong body and mind. Lindsay's mantra is you have to get uncomfortable to get comfortable, which she applies to virtually every aspect of her life. --- Send in a voice message: https://anchor.fm/new-mind-creator/message Support this podcast: https://anchor.fm/new-mind-creator/support
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at www.stpaulcenter.com
Episode #40 : Today we are talking to special guest Ian Corzine, Ian is a Lawyer and youtube creator working hard to give you the tips and tricks to grow your channel safely and in the right way, Ian makes really great content and is an avid supporter of smaller creators.
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at www.stpaulcenter.com
Learn more about the St. Paul Center at https://stpaulcenter.com/
Learn more about the St. Paul Center at https://stpaulcenter.com/
Welcome to The Endow Podcast! This podcast is a forum for women to foster conversations about the intellectual life and intentional community for the cultivation of the feminine genius. On this episode, Simone Rizkallah, Director of Program Growth, interviews Robert Corzine on Sts. Mary, Macrina, and Monica!Robert Corzine is Vice President of Academic Programs for the St. Paul Center for Biblical Theology. He was received into the Catholic Church in 1994 and has held teaching and advocacy positions for several Catholic apostolates, including work as an apologist and catechetical writer for Catholics United for the Faith and as producer and host of a weekly Catholic radio program on apologetics and evangelization. Host of EWTN's Genesis to Jesus with Dr. Scott Hahn, Rob holds a degree in Humanities and Catholic Culture from Franciscan University. After graduation, Rob spent several years in Washington, D.C., working for public policy think tanks and family-policy organizations to train activists, teach undergraduates, and organize networks of public-interest lawyers, scholars, and policy analysts. He teaches in our Journey Through Scripture program and is the producer and host of “St. Paul Center Presents” on Relevant Radio.Thanks for listening! To find out more visit https://stpaulcenter.com The Endow Podcast is a forum for women to foster conversations about the intellectual life and intentional community for the cultivation of the feminine genius. Support the Endow Podcast What's on your mind and heart? Let us know by connecting with The Endow Team on social media!Facebook at www.facebook.com/endowgroupsInstagram at www.instagram.com/endowgroups Want to start your own Endow Group? Learn more by visiting our website at www.endowgroups.org or reach out to us at info@endowgroups.org. We look forward to serving you!
Nowadays, most of us want to put ourselves out there and create different types of content, however, we sometimes do so irresponsibly that's why it is important to actually know the rules so that it wouldn't come back to bite us later on if we make it big. In this episode, Ian Corzine simplifies and guides us on all the rules, all the terms, and conditions of all the social media platforms so that we wouldn't get in trouble with the law in the long run. He goes on a deep dive on copyright and fair use, which basically explains what we can and can't use on our content. He gives us solutions should there be a need to use other people's art on our own, and MORE. For more legal tips, check him out on: https://www.iancorzine.com/ https://www.youtube.com/user/IanCorzine/ https://www.instagram.com/iancorzine/
Julie Kashen is the director for women’s economic justice and a senior fellow at The Century Foundation, a progressive independent think tank that fights for economic, racial, and gender equity in education, health care, and work. Julie has spent her career working for more just and equitable public policies -- including women’s economic justice issues -- in federal and state government, including as Labor Policy Advisor to the late Massachusetts Senator Ted Kennedy and as Deputy Policy Director for former New Jersey Governor Jon S. Corzine. She has helped to draft and build momentum for three major pieces of national legislation: the first national paid sick days bill (the Healthy Families Act), major child care legislation, and the national Domestic Workers Bill of Rights. Julie holds a master’s in public policy from Harvard University’s Kennedy School of Government and a bachelor’s with highest honors in political science from the University of Michigan. She also serves as a senior policy advisor to the National Domestic Workers Alliance.In this episode, Stew talks with Julie about the $1.9 trillion COVID-19 rescue plan, also known as the American Rescue Plan, and its implications for strengthening our nation’s care infrastructure. They discuss the economic and social benefits of a more robust child care system and the ways by which such a system would reduce inequality and injustice suffered by women and people of color. Julie describes how ordinary citizens, and not just policy-makers, can and must get involved to affect needed change in our cultural values, to truly invest in children and families. Here then is an invitation, a challenge, for you, once you’ve listened to the conversation. Find an organization that advocates for the values you hold with respect to building a care infrastructure and sign up to support them. Share your reactions to this episode and ideas for future episodes with Stew by writing to him at friedman@wharton.upenn.edu or via LinkedIn. See acast.com/privacy for privacy and opt-out information.
We know that all things work together for good for those who love God. This is true even in the midst of a pandemic. How do we balance the hope we have in God's promises with the fear and uncertainty we are facing and day to day life, and how do we continue to serve our neighbor in the midst of these challenges?Our guests are Dr. John Pless and Dr. Jacob Corzine. They are the coauthors of the new book, Faith in the Shadow of a Pandemic.
Elisa Charters, President of Latina Surge National, discusses the recent Goya boycott and provides a recommendation on how consumers can make educated decisions on the products they purchase based on the company's diversity, equity, and inclusion practices. Elisa Charters is a passionate advocate for Diversity and Inclusion (D&I), community and small business development. In 2014, Elisa co-founded Latina Surge National, a 501c3 start-up with a mission to educate and advocate for D&I and gender parity on executive boards in government, corporate America, and higher education. In 2017 and 2018, Latina Surge National was one of seventy-five leading networks from a pool of 44,000 globally, that was recognized by Sheryl Sandberg, COO of Facebook and Founder of the Lean In organization.In 2012, Gov. Christie appointed Elisa to the New Jersey Health Care Facilities Financing Authority (NJHCFFA), where she served as Vice Chair for four years. During her tenure, NJHCFFA approved over $2.6 billion in financing for hospital expansions and health care entities, and achieved 21% MWBE participation among co-leads in the State. Prior to this appointment, she was commissioned by Rutgers students and the statewide Latino community to lead a Coalition supporting inclusion. It succeeded with Gov. Christie's appointment and confirmation of Martin Perez, Esq., a civil rights activist, who is the second Latino ever confirmed to serve the university's board in its 240+ year history.In 2008, Gov. Corzine appointed Elisa to the State of Jersey's Minority and Women Business Development Advisory Council where she served for four years to address disparities in the State's procurement pipeline. In 2000, as President of the Port Authority Hispanic Society (PAHS) she represented Latino/a/x employees from a total base of 8,000 employees. Her achievements include being the GM/Assistant Comptroller of the Port Commerce business at PANYNJ, an agency she served for 14 years. As a survivor of 9/11, she served as Lead Negotiator of Acquisitions and Operations for the WTC Redevelopment effort post 9/11, developing key strategies for the Master Lease Agreement and relevant sub-agreements on behalf of PANYNJ ($11.6 billion project cost). Prior to 9/11, she served as a Senior Financial Analyst in the Real Estate Department, where she conducted lease analysis of 23 million square feet and assisted the Agency in achieving maximum valuation at 98% tenant occupancy of the original WTC, pre-9/11, in preparation for the RFP to net lease WTC (Silverstein Properties won bid for $3.2 billion). She continues to serve in higher education as an Advisory Board Member of New Jersey Institute of Technology's Martin Tuchman School of Management focusing on the inclusion of women in business and in STEM fields; as President of the Latino Alumni Association of Columbia University (LAACU), and most recently, as an Advisory Member of Montclair State University's Feliciano School of Business. She feels rooted in Essex County, having served as an Essex County Planning Board Member for the last 12 years; as a Junior League of Montclair-Newark Sustainer; and as a CASA Essex County advocate.Elisa is a certified Cornell University/ILR D&I Management professional. She is a graduate of New Jersey Institute of Technology, New York University and Columbia University with advanced degrees in Environmental Science, Real Estate Finance and International Finance and Business, respectively. Elisa resides with her husband, Brian and two children, Remy and Lucian, and elder cousin, Manuela, in Short Hills, New Jersey. As a family, they are committed to WE.org helping to bring clean water and education to children of the Masai Mara of Kenya, Africa.
Fulltime MusicianWhat do you have to do to break into the country music industry? Whether you are experienced or not you should take some steps to break into the industry. Understand that your decision to go into the music business has its challenges but it is even more difficult if you are doing something else like a second job or going to school. By making the decision to focus music one would be able to feel a sense of urgency and commitment consistent with losing a job. By doing music full time, you are now obligated to make something of your career as a musician. Many people are looking to break into the industry, but few people know-how. Seek a MentorIt is important to take advice or start out with people who are experts in the industry. Heading into the country music industry, many musicians will attempt to take advice from anyone willing to give it and that's not a wise decision, especially from people who are not experts in growing a successful business. Network with people who are familiar with building a business or have achieved a level of success in the industry commensurate to where you want to be. Even if they have achieved a level you seek to surpass. Supplement Your IncomeFor many people working in the music industry, they will choose to have a secure or safe place for income. This may hinder your progress as a musician as this often keeps a person complacent and shackled to their security blanket job. Leaving a job that pays can be a difficult decision, but the decision to leave can help you utilize the most productive time of the day and will allow you to balance your business and family time equally. A good way to supplement your income could be teaching lessons for your instrument. This will allow you to dictate your time more efficiently and give you opportunities to focus your time on your music when you have the best chances for creativity. Is a Music Degree Necessary?Many musicians will go to school to get a music degree. This could be difficult while building a career in music. If you are going to school for business, then this may be more beneficial for you to build a business. Degrees in music will help in composition and prepare you to play your instrument more efficiently, but the degree will do very little for you for landing record deals or gigs. It is important for a musician to seek out an experienced musician. Someone who has already tied the knots greased the wheels and built their business. If you can find someone willing to take you under their wing, it would be a good opportunity to learn something very quickly from someone who has already built their business. Using Social Media to PromoteSocial media is an important part of building your business. Just like most entrepreneurs building a business, building a music business is exactly the same. Using your gigs and scheduling them regularly is an important way to gain followers and keep them apprised of your scheduled gigs. For many people starting out, you will find that you get a lot of support and people will push you to do better. They will support you by going to your gigs and spreading the word.Try and avoid the guesswork of the music industry you are entering by doing your research. Figure out the politics, cost, entrant threats and educate yourself on how the business works. This will improve your chances of success and avoid any pitfalls before they become mistakes you cannot come back from. https://www.facebook.com/LaurenCorzine/http://thecreativeentrepreneur.net/index.php/2019/12/26/the-business-of-country-music/http://tcepodcast.net ★ Support this podcast on Patreon ★
Calvin Corzine (@calvmonster) is a yoga teacher who grew up surrounded by a community submerged in yoga. An athlete from an early age, sports held center focus. Calvin's love for sports continues–he's a die hard Lakers fan who never shies from excitement in the physical world, surfing, practicing Brazilian Jiu Jitsu, and pilates. Calvin has more than 500 hours of training with some of the best teachers in the world, including Vinnie Marino, Jenny Aurthur, Jesse Schein, Sharath Jois, and many more. This intentional, rigorous training has greatly influenced his well-rounded teaching style, which is a distinct blend of Vinyasa, Ashtanga, and Iyengar. In this episode, we talk to Calvin about his journey into yoga, his rigorous training regimen and the motivation behind it - related to both a heart condition and the mindset of falling behind, how he came up with his ice bath rants, and much more. Enjoy! - Matt & Yoni P.S. Excuse the audio quality. We've had a technical issue. Brought to you by @primalgoodscompany.
The Impact Podcast by Innov8social | Social Impact Through Business, Innovation, Leadership
Meet Nicola Corzine, Executive Director at Nasdaq Entrepreneurial Center by Innov8social. Show notes: www.theimpactpodcast.com @innov8social #theimpactpodcast #goanddo
Introduction: John Lawrence Allen is a securities litigation attorney helping investors recover funds lost through investment fraud or incompetence. He's a former Los Angeles Deputy District Attorney and author of the new book, “Make Wall Street Pay You Back.” Allen talks about the dirty tricks Wall Street plays and how average people can protect themselves from Wall Street. Allen also gives some tips for investors before they invest a large sum of money with an advisor or hedge fund. He also shares how financial advisors can mitigate their risk of fraud. Key Takeaways & Time Stamps: (2:20) John Lawrence Allen: background and history of latest book (3:06) How Wall Street and the investment landscape have changed over the last 20 years (4:06) On the arbitration process (7:34) On the laws not being in favor of the consumer (11:34) A brief message from Bill Clinton (12:13) Causes of action: fraud, incompetence, etc. (17:00) The extraordinarily high commissions on life insurance sales (19:11) How does the investor know what fees are being assessed by financial advisors? (22:08) The length of the FINRA arbitration process (22:55) On “simplified arbitration” for small claims (24:58) Discussion of other types of fraud, beyond incompetence and excessive commission (30:20) Discussion of a managed future deal Jason was pitched on (33:30) Some tips on buying gold: always invest in bullion, never numismatic coins (38:12) Who claims are usually made against (39:42) Jon Corzine, MF Global, & the Insider's Game (44:19) Bad monetary policy forces people to take inappropriate risks (45:03) Closing statements Links: www.MakeWallStreetPayYouBack.com. www.Amazon.com to purchase the book: Make Wall Street Pay You Back Find out more about John Lawrence Allen at www.myinvestorfraud.com. Bio: Former Los Angeles Deputy District Attorney John Lawrence Allen represents investors nationwide in securities arbitration. Mr. Allen spent seven years working for two major Wall Street firms and was chief investment officer for two hedge funds. Mr. Allen pens a blog on impactful subjects that affect all of us and is a respected legal expert who provides insightful commentary on national TV, radio and print. Audio Transcription: ANNOUNCER: Welcome to Creating Wealth with Jason Hartman! During this program Jason is going to tell you some really exciting things that you probably haven't thought of before, and a new slant on investing: fresh new approaches to America's best investment that will enable you to create more wealth and happiness than you ever thought possible. Jason is a genuine, self-made multi-millionaire who not only talks the talk, but walks the walk. He's been a successful investor for 20 years and currently owns properties in 11 states and 17 cities. This program will help you follow in Jason's footsteps on the road to financial freedom. You really can do it! And now, here's your host, Jason Hartman, with the complete solution for real estate investors. JASON HARTMAN: Welcome to the Creating Wealth Show. This is your host, Jason Hartman, and thank you so much for joining me today. We'll be back with today's guest or segment, in just a moment. [MUSIC] JASON HARTMAN: It's my pleasure to welcome John Lawrence Allen to the show! He is a securities litigation attorney, helping investors recover funds lost through investment fraud or incompetence. He's a former Los Angeles Deputy District Attorney, and the author of a new book, entitled, Make Wall Street Pay You Back. And of course you know over the years I've said with some degree of sarcasm, that Wall Street is the modern version of organized crime, and my Commandment #3 for successful investing is, maintain control, because when you don't maintain control, you leave yourself susceptible to three major problems. Number one, and we're gonna address that during the interview with John today, you might be investing with a crook. Number two, you might be investing with an idiot. And so we'll address those two. And number three, even if they're honest, even if they're competent, they take a huge management fee off the top for managing the deal. So, we'll kind of dive into this. John, welcome. How are you? JOHN LAWRENCE ALLEN: I'm good. How are you today? JASON HARTMAN: Good, good. Well, it's great to have you. And just to give our listeners a sense of geography, where are you located? JOHN LAWRENCE ALLEN: My office is in White Plains, New York. I used to have an office in California and midtown Manhattan, and I've now moved out to the Connecticut countryside to work in White Plains. John Lawrence Allen: background and history of latest book JASON HARTMAN: Fantastic. Well, tell us about your background, and how you came to write the book. JOHN LAWRENCE ALLEN: Well, I wrote my first book, Investor Beware, 20 years ago. And that was—actually, more than 20 years, I guess it's been now. Almost 25 years ago. And that was the result of having been in the industry. I spent 7 years on Wall Street, and I invented an arbitraged [unintelligible] program. That's how I went into Wall Street. And I got very, very dissatisfied with the [unintelligible], and the outright unethical activity I saw around me. And it got so bad that I quit, and I wrote my first book, Investor Beware, to help people protect themselves from the way Wall Street operates. But over the last 20 years, the entire investment landscape has radically, radically changed. And the entire way brokers do business has changed. And if investors aren't aware of these changes, they may very well end up becoming victims of the Wall Street community. How Wall Street and the investment landscape have changed over the last 20 years JASON HARTMAN: You know, when you say those changes, I don't know what you're referring to, so I'll have you tell me. but is one of them—one way that I think large corporations really oppress people, is through the commercial arbitration act. And I know so many years ago in the 90s, when there was a lot of securities fraud in the news—of course, that seems to be an ongoing issue, of course. And, you know, a lot of people have lost money in the stock market. They made some new rules—I don't know, you know, exactly which agency that came out of. Maybe it was the FCC, or FINRA, I didn't mean to say FCC, did I say that? The SEC, the Scoundrels Encouragement Commission, as it's been called. But it is—is that arbitration? Because arbitration, really I think takes away people's rights quite a bit. On the arbitration process JOHN LAWRENCE ALLEN: Well, that's an interesting—there's two sides to that coin. Yes, they take away people's rights. And people don't know it, but if you have a problem with a broker dealer—that's, you know, any licensed firm that buys and sells securities for you—if you have a problem with the representative who works at a broker dealer, when you sign your contract with them, you waive your right to a court trial or jury trial. That means, you don't get to be in front of a group of your peers, you don't get to have any of the help that you would get in a court room, or in a civil or jury trial. That's the negative side. But there's a positive side to it. The positive side is, you're gonna go into arbitration, which is significantly less expensive, significantly less time-consuming, and far swifter justice than you could ever get in a court. Let's say you win a court case, and what's gonna happen? Well, the arbitration—not the arbitration. Securities firm is going to appeal that matter, and you're gonna get stuck in court for another couple of years. On the other hand, if you go to FINRA—Financial Industry Regulatory Authority arbitration—you're gonna be in front in a case of $100,000 or more, three arbitration judges, who are gonna rule very quickly, and you're gonna have a result very quickly. And if you win, they have to pay within 30 days. You don't have any of the problems of collecting, or appeal, or the lengthy process that's involved in the court proceeding. And there's one more positive, I find, in arbitration. That is, if you get into a complex securities case, there are complex issues and facts that the average juror really can't grasp that well. But these arbitrators are usually business people, and they have a business background, and they understand wrongdoing when they see it, and they're not afraid to make an award. The one thing that is difficult is to try to get punitive damages. That's very difficult arbitration. I've attained it more than once, I've gotten it, but it's a difficult road to go, to try to get punitive damages. And lastly, you don't have to get bogged down in a motion practice where a wealthy brokerage company with an unlimited pocket can paper you to death with motions and motions to compel and sanctions and hearings and depositions and request remissions and all the discovery stuff that goes on. None of that's allowed in arbitration. JASON HARTMAN: I mean, I've been in arbitrations. They have depositions though. JOHN LAWRENCE ALLEN: Not in federal arbitration. For securities cases. Yes, in civil arbitration, but if you go into a FINRA arbitration, there are no depositions, there are no request remissions, there are no interrogatories. You can do a document request, but it's very limited, which means that you're gonna save a great amount of time and a great amount of expense, and a great amount of heartache. So, all in all, oddly enough I actually—when I started, I didn't like, or I perceived not to like, the arbitration process. But now that I've done it for so many years, I think that it's a good methodology to get swift justice. JASON HARTMAN: Okay. Well, I don't want to belabor that one, because it'll take away from sort of the crux of our discussion, but it's good to hear your point of view on that. So, the thing you were saying, in terms of the laws not being in favor of the consumer, in this case the investor, is no jury trial, and what was the other one? On the laws not being in favor of the consumer JOHN LAWRENCE ALLEN: No court trial. No judge— JASON HARTMAN: Okay, no court trial at all. So, arbitration. But, were there any other things you wanted to mention there, before I got you on this tangent of arbitration? JOHN LAWRENCE ALLEN: Well, I just—I think that the cost effectiveness is so overwhelmingly in the—you know what it does? It puts you on an even footing with someone who has an unlimited budget, which you can't do in litigation unless you're willing to spend the money to ante up. But in arbitration, you're on an equal footing with your opponent. And if you have a competent, skilled, highly qualified and knowledgeable attorney who knows the ins and outs of FINRA arbitration, you've got a long way towards getting your money back. JASON HARTMAN: So, that may be different—and again, I don't want to belabor this arbitration point too much, because there's other issues, of course. But, it sounds like it's better, with a FINRA situation, for people that have been defrauded, just lost money because of incompetence on Wall Street. But in a typical arbitration, those arbitrators—I think, I'm pretty sure, they really lean toward the person who put the arbitration clause into the contract, because they view them as repeat customers, and we'll call it part of the vast Wall—the vast arbitration conspiracy. It blows my mind that AAA, the American Arbitration Association, is actually a nonprofit organization. The fees are enormous. And we all pay taxes to have a public court system. And listen, I'm no fan of prolonged litigation, or litigation at all, but gosh, why do you have to pay for a private court, which in the typical arbitration, probably not FINRA, with what you explained, acts, in my opinion, as a bit of a kangaroo court—especially the fact that these things are confidential. And you get these real estate developers that develop these condo properties and so forth, and you know, they all put arbitration clauses in their contracts. And you can't do a litigation search on them before you, say, buy a property, to see if they're a bad apple, if they've been sued by hundreds of investors! It's all hidden from public view. And that just makes me think of a Third World, Banana Republic country where they've got these kangaroo courts, and you know, our whole system is based on transparency. At least that was the original idea of it. So, that's my bone to pick with arbitration. JOHN LAWRENCE ALLEN: Well, you raise a good point. And I would tend to agree with you. Up until a couple years ago, arbitration had two panel members that were public, and one who actually came from the industry, and it was in many cases biased in favor of the arbitration people, meaning the broker dealers. And I think the statistics, not from me personally, but the statistics generally bear out your concerns. People don't do all that well in arbitration. They win about half their cases, and of the cases they win, they win about half the money they got back. So, I don't put that as good odds. That's not been my experience, but I am very selective in the cases I take, and I put in a great deal of time to win these cases. I understand that you're not gonna get money from three business people unless you can find a way to emotionally connect your client with them. if you can't find a way for them to care about your client, they're not gonna give you anything back. But if you can find a way to develop the cast to find an emotional connection—something that touches them, they're gonna be far more willing to knock the arbitration—when I say, to go after the broker dealer for fraud. JASON HARTMAN: Let me take a brief pause; we'll be back in just a minute. A brief message from Bill Clinton BILL CLINTON: Hi. This is Bill Clinton, and I want to invite you to hang out with my friend, Jason Hartman, in my hometown of Little Rock. Jason and his interns, you know I like interns, are having his famous Creating Wealth Seminar and Property Tour here! So drop everything, including Hillary, and go register at www.jasonhartman.com, right now. This event is coming up soon, but, as I like to say, it depends on what the meaning of the word ‘is' is. See ya there. [MUSIC] Causes of action: fraud, incompetence, etc. JASON HARTMAN: Let's talk about what are some of the causes of action. I mean, of course fraud is one of them. But you also mentioned incompetence, and when someone has a securities claim, whom is the claim directed at? You know, you've got the advisor who works at Merrill Lynch, which in my opinion, or whatever firm, I'm just saying Merrill Lynch because they're big. But they can work at any firm; Ameriprise, Merrill Lynch, whatever, okay, and I tend to find those advisors are usually just slick salespeople who wear nice suits, okay? Nothing more than salespeople. They have cursory knowledge. Very little real depth of knowledge, usually. Of course I'm making a generalization here, and I apologize to those smart, great, ethical good brokers out there, because there are some. But you've got the broker, you've got the investment banker, you've got the firm. Who are you really—you've got the company. There are so many layers to this. JOHN LAWRENCE ALLEN: Well, let's talk about that for a second. People don't know that you can hold a brokerage firm and its registered representative—that's the stock broker who provides you with a recommendation—for giving bad advice. People think, well, that doesn't sound right! If he gave me bad advice? I mean, if I get advice, and the stock doesn't do what he thought, how can he be responsible? And the corollary, or the answer to that, is this. Under the FINRA guidelines, and the Securities and Exchange Commission guidelines, brokers are required to know your risk tolerance, time horizon, financial goals, and anything that can affect your capacity to invest. That means if you're employed, unemployed, medical problems, but mostly, what they have to do is they have to match the correct product with your goals, objectives, risk tolerance, and time horizon, so that they make a recommendation that's suitable for you. So, if you're 35, and have a good job, and you want to take some risk with having 70, 60, 75% of your money in the stock market, probably not bad. The opposite of that is, what if you're 65 or 70, and you're retired, and living on your retirement assets, it would not be appropriate for a broker to recommend that you buy a highly speculative stock, or that you have 70 or 80% of your investments in equities, and stocks! JASON HARTMAN: They seem like they do a pretty—I mean, I'm sure there are brokers out there that do that kind of stuff, but it seems like they do a pretty good job of making all the appropriate disclaimers, and you gotta sign a mountain of paperwork that of course is all written in their favor, and has a zillion disclaimers, and a lot of legalese—I mean, don't they pretty much cover themselves on that type of stuff usually? JOHN LAWRENCE ALLEN: The paperwork covers them perfectly fine. But that doesn't relieve them from their obligation. A broker that makes a recommendation to a customer has a fiduciary duty to that customer to put the customer ahead of the broker. So, let's say I have a client who wants to make an investment of a couple hundred thousand dollars, and I want to put them in what quote is a suitable investment, based on what they've told me about themselves. Unless they put it in a suitable investment, I can make, let's say, $200,000 investment, maybe I can make $100, $150 in fees. However, if I put them in something that the brokerage company is promoting, or pays a double commission, or is highly speculative, I might be able to charge them significantly more. Let's say $1000. So, if I can make $1000 on a improper or unsuitable investment, and $100 or $200 on one that's suitable, that puts in kind of a trap for the broker to say to themselves well you know, I'm really gonna forgo that extra 800 bucks I'm gonna make on this transaction and do what's right for my client. How many people have the ethical and moral heart to do that? The extraordinarily high commissions on life insurance sales JASON HARTMAN: Not a lot of people, certainly on Wall Street. Not a lot. And you know, when you say that, it reminds me of two investments that are really just laden with heavy commissions, from what I understand. One of them is oil and gas, and another is life insurance. The fact that life insurance is even kind of promoted as an investment bugs me in some ways, although the needle might be moving a little bit, for me, on that. But still, I just think it's insurance. You know? But those—I mean, some of these things have extraordinarily high commissions. I mean, I'll give you an example of one. One time a life insurance guy came into my office, and he wanted to market his life insurance products as an investment to my investors in my real estate firm. And he slapped down literally a copy of some checks that he earned on some policies that he sold. And one of them was like a $7 million life insurance policy. And I'm not gonna get this exactly right, because I don't remember, but the check was for like $250,000. I mean, it was insane, how—he says, look, I could split this with you. I'm like, well don't I have to have a license or something? And he says, well, there's a way around that. We'll reclassify the fee. And obviously I didn't do any deal with him, but I mean, some of these commissions on these things are just extraordinary. On these oil and gas deals? I hear that some of them are like half of the investment amount! You know, if they get an investor to put $100,000 into some oil and gas deal, the salesmen will make 50 grand! Whoa! That's crazy! JOHN LAWRENCE ALLEN: Yep. That's true. And in fact, if you want to go back a little bit further in time, there was a period in the late 80s and middle 90s where Prudential [unintelligible], which, you know, the rock solid, sold 400,000 of its customers $8 billion in phony partnership deals. And those deals, they were making 30, 35, and 40% off the top before the customer saw a single dime. JASON HARTMAN: Unbelievable. That's just—that's just crazy. So, is—so, okay. So, the broker, or the investment advisor, with a registered rep—I don't know exactly what to call them—but, they steer the investor into something that's not as good for them, that obviously pays them a higher fee. Right? So, that's one form of—that's one actionable thing. Now, how is the investor ever going to find that out though? How does the investor know what the menu of fees is for the things that that advisor has to steer them into, available to them? How does the investor know what fees are being assessed by financial advisors? JOHN LAWRENCE ALLEN: Well, that's a very tough question. And that's a very good question. And the reason is because on a lot of these products that they're selling a product, the commission's in the product, and the customer will never know. So, on that $200,000 example, if the broker makes $5000, you know, a 2½% fee, and that's in the cost of the $200,000, that means that really 195 of your money actually ever went into the investment. And there's no way you can know, unless you read the prospectus, or you ask the broker. They're certainly not gonna volunteer and tell you, oh yeah I'm gonna make 5 grand on this break. And also, that also happens on principle transactions. If you ever buy a stock or a bond, most bonds are sold on principle transactions. JASON HARTMAN: What is a principle transaction? What does that mean? JOHN LAWRENCE ALLEN: A principle transaction is where there's no commission charge. The fee is in the price of the bond. JASON HARTMAN: Alright. JOHN LAWRENCE ALLEN: So, as an example, if I call up my broker and say, you know, I want to get a 10-year bond, and let's say you can get a 10-year bond for 2.3% return per year over the 10 years. So, you buy the bond with this 2.3%. You don't know what the brokerage firm picked that up for. Let's say they picked it up for 2%, and they charge you 2.3. That difference in that spread is an enormous markup. It could be many thousands of dollars. So you just don't know in a principle transaction, and that's another way brokerage companies can—in fact, I've gotta case right now, I have a lady who had a very, very, very substantial portfolio, many millions of dollars, and she was charged over $3 million in markups and fees on bond transactions, and she never knew it, over the course of a 6-year period. JASON HARTMAN: Wow. Wow. So, $3 million in fees and markups on what— JOHN LAWRENCE ALLEN: On municipal bond transactions. The safest most conservative of all transactions. JASON HARTMAN: Right. Yeah, right. And I'll tell you something. If you ask me, a lot more municipalities are gonna be filing bankruptcy in the future, because there are so many of them underwater. Of course we've seen that with Detroit, Vallejo, California, some others. But very interesting. So, $3 million in fees—that is unbelievable! What was the principle investment though? I've gotta have some comparison. JOHN LAWRENCE ALLEN: She had $30 million in municipal bonds. JASON HARTMAN: So, 10%. JOHN LAWRENCE ALLEN: In a laddered portfolio that never should have been touched, that had never been—not that—there should not have been any transactions, and in 6 years they traded $120 million with the bonds in her portfolio. JASON HARTMAN: Unbelievable. That's just insane. So, she's in process, right? Did you recover for her yet? JOHN LAWRENCE ALLEN: We're in the arbitration process now. JASON HARTMAN: How long does that take, when it's a FINRA arbitration? What's the length of that process? The length of the FINRA arbitration process JOHN LAWRENCE ALLEN: Somewhere between 11 and 14 months, on average. JASON HARTMAN: Okay, alright. And, what is the amount of money—I mean, obviously that's a large client with some big money you're talking about, in terms of the investment size, and the investment losses. But, how much does someone need to lose in order to make going to a FINRA arbitration worth it? JOHN LAWRENCE ALLEN: Well, that's a good question. I would answer that in twofold. First of all, anybody that wants to seek help should only hire an attorney that would be willing to work on a contingent fee so they don't end up spending a lot of money trying to get back their losses. That's item one. Two, there are different levels of arbitration. FINRA, within the last year and a half, has established a new type of arbitration called small claims. They call it simplified arbitration. On “simplified arbitration” for small claims JASON HARTMAN: Oh, that's great. Like small claims court kind of idea. JOHN LAWRENCE ALLEN: Kind of, but a little different. And that would—for FINRA, small claim is any loss below $50,000. And if you have a loss below $50,000, you don't—and you go into this simplified arbitration, you don't even have to appear at a hearing. You submit the entire claim, on paperwork; the respondents, the broker dealer, file an answer, and one arbitrator makes a ruling without you ever having to appear. So it saves you testimony, litigation cost, travel expense, hearing fees, expert testimony. It's all done in the pleas. Now, you don't have to do it that way. If the case is $50,000 or smaller, you have a one party, one arbitration chairperson, that's it. You don't have a panel of three. You have a panel of three above $100,000. So really, I would say anybody that loses $10,000 or more, even $5000 or more, it's certainly worth it to pursue it. I don't think you'd probably get many attorneys to handle a $5000 case. But I've developed a methodology to help people with cases between $10 and $50,000, which is on my website, and I take them into the small claims arbitration process, and the whole thing can be done for very, very little money, and the best part is, unlike regular arbitration, small claims are usually resolved in 7 months or less. JASON HARTMAN: Excellent. So give out your website if you would. That's a great resource, thank you. JOHN LAWRENCE ALLEN: Well, my website is the same as my book; the book is Make Wall Street Pay You Back, and the website iswww.MakeWallStreetPayYouBack.com. JASON HARTMAN: www.MakeWallStreetPayYouBack.com. And you've got the small claims information on there, which is fantastic. But then also, for larger losses, they can hire you, or another attorney? JOHN LAWRENCE ALLEN: Correct. Discussion of other types of fraud, beyond incompetence and excessive commission JASON HARTMAN: Okay, good. So, talk to us more about some of the other types of fraud out there. there's incompetence, there's, I guess I'll call it steering to the product that pays the highest commission. What else is there? JOHN LAWRENCE ALLEN: Well, beyond the suitability issues, which are very numerous, and that expands a lot of things that brokers might do. They might put you in—there's an example, as I said before, if you're 70 years of age, you probably shouldn't be in a 75% stock portfolio. On the other hand, if you're 75 and they put you on 100% in one investment, and over-concentrate you, that's not correct, that's not suitable either. So, it really doesn't matter what age you are. if a brokerage company takes all your money and puts it in one investment, that's clearly unsuitable, because if that investment goes down—even Apple, as an example. People do fabulous in Apple, but Apple also had, about six months ago, a 300-point drawdown. And if you had all your money in Apple, you're hurting! So, that's another thing they do. Also churning. Churning is where a broker makes excessive buys and sells in your account, without an interest in making you profits, the broker's interest is in getting as many commissions as they can from your account. And what's interesting is in a churning case, you could actually—I've had cases in churning where the client never knew the account was churned, because they didn't lose any money! The account was churned for a couple years, they ended up—you know, the stock market was up 30% over a two-year period and their account was flat. They couldn't understand why. And when I dived into it, I found out, well, it was flat because $200,000 in commissions were paid over that period, and if you hadn't had the $200,000 in commissions, you would have been up 200 grand, and you would have been up pretty much where the stock market was. So, if a broker exercises control over the account, and buys and sells excessively to generate commissions, they churn your account, and that's actionable. JASON HARTMAN: So, in other words, you don't have to have actually lost money in the aggregate. You could still have an investment. Your portfolio could still be up. But just because of the malfeasance of the brokerage firm, or the individual broker, you could have lost money through churning—now, the churning thing, is that as big as a deal anymore? Because it seems like the industry has moved to a model of managed money, where all they're really doing is, you give them $100,000, and they're charging you, you know, 2% a year, or whatever the number is. And you're not really paying for trades. But, one of the scams is, a lot of times, you're paying in multiple layers! So, you'll give the guy sitting at Merrill Lynch your $100,000, and he'll say, well, I'm gonna charge you 2% a year, or whatever the number is, and so, he doesn't make money on churning per se, but then what he does is he goes and he puts your money into a bunch of other funds like mutual funds where they're making money inside that fund too, because of all these management fees. I mean, that's just, wow. JOHN LAWRENCE ALLEN: Well, you're absolutely correct. And that is—and that's one of the things I had to cite in the book. The methodology on Wall Street has shifted from a commission-driven business to an asset-gathering business. So, the churning claims are down dramatically. They're not out. And the reason they're not out is because there are products called managed futures. And most of these managed future products really don't exist to have the customer make money. They exist for the broker dealer to reap huge commissions from buying and selling at a high velocity commodities. And, what's interesting about these managed futures, is most of them have a program in which, let's say you give somebody 50 grand. And let's say they have a hot hand and their managed commodity accounts have doubled, and you go up from 50 to 100,000. The prudent thing to do would be to pull your 50 out and play with their money. But that's not what they do. What they do is, if you go to $100,000, they merely double the amount of contracts they're trading, so they can generate double the commissions. So, if you had a $50,000 account, and you were doing, let's say, five contracts in a trade, and you now have $100,000 account, they double that, they go to 10 contracts. Let's say you make an incredible profit, you go to $200,000. Your 50 has grown to 200. Well, you're now gonna go from 5 to 20 contracts. Which means that even the smallest move, after those enormous profits, will wipe out all your gains in a very short time. Classic example of that is long term capital, which made 30, 35, 40% a year for three years, and then in six weeks, wiped out not only all of the gains, but the $4.5 billion that was still there. Totally wiped it out when the commodity markets went the wrong way. Discussion of a managed future deal Jason was pitched on JASON HARTMAN: Wow, unbelievable. Hey, can I run something by you that I was pitched on? I actually had the guy on one of my shows, and it sounded pretty good…it's a managed future deal, and I just wanted to see what you thought of it. JOHN LAWRENCE ALLEN: Sure. JASON HARTMAN: I didn't do this investment; at least not yet. But, the guy was pretty convincing, I have to tell you. And so, he works in Chicago, and you know, is on the floor of the exchange there, and the big pitch is that Japan, which most of us know is massively in debt, the whole country is just in a mess. I mean, the US is too, but the US has the reserve currency, and you know, some different circumstances, obviously. And the pitch is that Japan will default on their debt, and what you should do is over a 5-year plan, with a $30,000 minimum investment, let me buy options on this debt, that it'll default. Let me short the Japanese debt. It's just saying, it's gonna default at some point. And there will be what's called option decay. Now, granted, I don't have a big understanding of this. I'm just a consumer. But there's something called option decay, and as the option decays, what he's basically doing is over the course of five years, using $500,000 per month of your $30,000. I think—I don't know the math on that. Yeah, 60 months. 500 a month. To pay for option decay. But at some point in that 5 years, there's gonna be a default, and you're gonna win, you're gonna make money. That's the prediction. Of course it's a prediction. What do you think of that? JOHN LAWRENCE ALLEN: Well, that's a long-term bet, and I guess the thing I'd be most concerned about would be, do they have the—I presume this is not an exchange-traded fund? If it doesn't trade at any known stock exchange or commodity exchange, you have to worry about the counterparty risk of the person, should they do what they claim it's gonna do, are they gonna be able to pay you? And a lot of these counterparty risk cases that have come up during the 08, 09 crisis when a lot of off-market contracts were traded, and they couldn't make good when the unlikely event occurred, like AIG, which was betting on collateralized debt obligations, they said, oh, no country's ever gonna go into bankruptcy. No, we're not really gonna have to worry about that. And lo and behold, Greece goes into bankruptcy, and AIG almost went under! Took us close to a trillion dollars to bail out AIG, which I think was a big mistake. But there was a counterparty who couldn't pay! JASON HARTMAN: Maybe the concept is a winner. Maybe it actually works. But then the counterparty just defaults, and they can't pay you. JOHN LAWRENCE ALLEN: Yeah, that's why I try to stick with anything that's exchange listed. So then at least I know they're going through a well known New York stock exchange, the COMEX, the NASDAQ, and there's some third party who's trying to make sure that they're gonna honor their margin requirements. Some tips on buying gold: always invest in bullion, never numismatic coins JASON HARTMAN: Good. Okay, good point, good point. Okay, what else should people know? Do you want to talk about any other types of investments? I mean, maybe you want to mention just quickly maybe gold? I know that that's not a huge market, but we touched on oil and gas. If, you know, you want to mention any other alternatives. JOHN LAWRENCE ALLEN: Well, I think for gold, my suggestion would be, anybody who wants to invest in gold, I don't have a problem with them investing in gold. I do have a problem in how they do it. I don't think anybody who wants to own gold should ever use leverage, options, or margin. They should only buy it for cash. They should take delivery, they shouldn't allow any third party to store their gold, and they should only buy gold from a reputable dealer who's been in business over 10 years, and then finally, only gold bullion, not numismatic coins which are supposed to have great asset value. And when I say bullion, I mean a Canadian maple leaf, an American gold eagle, you know, a South African Kruger rand, an Austrian krone, some well known gold bullion that's difficult to make in a, what I would call a forged or dishonest way. JASON HARTMAN: Right, right. A lot—the scams and the numismatic market are rampant, and every gold dealer, when you call them up, you know, a lot of times they're advertising on the radio, and they're promoting the concept of gold or silver or platinum or palladium, and they're talking about bullion. But when you call them, they try to up sell you to numismatic coins, because they're just much higher margins. JOHN LAWRENCE ALLEN: Tremendous, tremendous margins. You're talking sometimes 30, 40% margin on a numismatic coin. JASON HARTMAN: Right. But you know, that's not a security necessarily. I mean, are you talking about—see, I think the only way someone should invest in gold, or precious metals, is in the way where you actually take possession of it. JOHN LAWRENCE ALLEN: I agree. JASON HARTMAN: You're talking about inside of a fund, right? I mean, you're not talking about—I mean, there's—there are frauds where people actually take possession, and they find out the metal is fake. But I don't think that's super common, probably. JOHN LAWRENCE ALLEN: Those are very, very rare. And those are usually not government-sponsored products like American eagles or maple leaves from Canada. And, they're usually sold by disreputable dealers. But if you buy gold from a reputable dealer and have it shipped to your home, put in a safety deposit box, or bury it somewhere, that's the safe way. You don't want to have them tell you, oh, we'll store it for you. No, you want your gold, if you're gonna buy gold. JASON HARTMAN: I agree with you. The point of that types of investing is to be in possession of it. absolutely. And I just can't believe the people that go for these deals where they say, oh, they're gonna store them in a vault in Switzerland. Yeah, right. JOHN LAWRENCE ALLEN: And another thing now—another section of my book, Make Wall Street Pay You Back, is, as you said very early on, we're no longer a commission-driven business; we're a management business, where they grab their assets and send them out to management. That adds a layer of protection to the broker dealer and the registered representative, the stockbroker. However, that doesn't stop them from still having to make a suitable recommendation to this manager. So, when you go to a broker dealer and you give them your assets, and they agree to manage them, and they're not gonna charge you a commission, they're gonna charge you a percentage of the assets you have under management, you need to be sure that whatever manager they hire, that that manager is—and the manager style—is in keeping with your goals, objectives, risk tolerance, and time horizon. You don't want to go into an all equity small cap microcap fund, if you're trying to invest in what is supposed to be on the stock investing side, a more conservative portfolio. And also, you want to be sure that the style of that manager doesn't involve, unless you're willing to take that risk—you know, I'm not saying risk is bad. You just need to know about it, make an informed consent about it, and be willing to accept it. But you need to be sure that that style of that manager is in keeping with your risk assessment. Because, if you don't want to take a lot of risk, then you can't have options, derivatives, or futures, or leverage, employed by that manager. So you need to know the style, and the type of investments, and where they're gonna make those investments. Who claims are usually made against JASON HARTMAN: Toward the beginning of the show I talked to you about all the different layers of this onion, and how, who are you really—who is your claim against? We've talked about registered reps, brokerage firms. What about the other people in the food chain? And then, all the way up to the actual company, whose stock you own. In the board of directors, and the CEO, and the CFO, and the CTO—all of these guys are just skimming off the top. I mean, the Dennis Kozlowskis of the world, and all the rest of them. I mean, there's a lot of fraud going on at that level too, where, you know, the brokerage firm could be okay, the rep could be okay, but the actual company whose stock you own, do you go after them too? JOHN LAWRENCE ALLEN: Well, I try to make a rule not to go after anybody who has a questionable pocketbook to recover from. Generally— JASON HARTMAN: Oh, right. JOHN LAWRENCE ALLEN: Generally, when there is a corporate crime, or a corporate fraud, most of the time, not always, most of the time, there aren't assets sufficient to recover for the shareholders. JASON HARTMAN: Because they've sucked it all out of the company, and the company's basically an empty shell. JOHN LAWRENCE ALLEN: Exactly. Madoff, or Enron, or Delphi, you know, if we were to go back a few years to all of the security problems going on. But interestingly enough, if you do it at a grand enough scale, you get to walk away scot-free and you don't even go to prison. JASON HARTMAN: It's unbelievable. Yeah. Jon Corzine, MF Global, & the Insider's Game JOHN LAWRENCE ALLEN: A perfect example is Corzine, who was the governor of New Jersey— JASON HARTMAN: MF Global. JOHN LAWRENCE ALLEN: And Jon Corzine. And he was a huge donator to the Democratic Party, and a big supporter of Obama, and he took over a company, MF Global. And they were just a plain bread and butter vanilla commodity broker. They bought and sold commodities, they made, you know, a few pennies off of the buying and selling of these commodities. Well, he didn't think that was enough money. So he went and made a multi-billion dollar—I think 3.6, to be exact—billion dollar bet on the debt of other countries and companies. And that bet went awry. Very badly awry. And Corzine went in, and he claims he did not do this. He claims he didn't know. But under his supervision as the chairman of the company, they invaded the assets of their own clients, and stole $1.3 billion of assets from their clients to cover their bad bet. JASON HARTMAN: And that's Jon Corzine, and $1.3 billion, that's billion with a ‘b.' Not million—billion, okay? Huge. JOHN LAWRENCE ALLEN: Correct. Took it out of their clients' accounts. They got caught, they had to return what money they could find, he paid a fine, and he walked away without going to jail for committing absolute grand larceny on a monster scale. JASON HARTMAN: Un-fricking-believable. I mean, this is so disgusting. It's just—it's just disgusting! And it's amazing to me, like, one of the things I tell my listeners is, don't trust resumes. Ken Lay, with Enron—he was buddies with George Bush, okay? I'm sure the pictures were all over the company for people to see when they came in. Bernie Madoff was president of NASDAQ. Jon Corzine was governor of New Jersey! I mean, your resume doesn't get much better than any of those, right? JOHN LAWRENCE ALLEN: Oh, absolutely. And let's add to the list Mr. Mozilo, who was the chairman of Countrywide, who got bought out by B of A, and he was one of the large perpetrators of the entire mortgage debacle, and people lost billions, maybe even trillions, and he walked away scot-free and he, he had his “friends of Mozilo,” who got mortgage—well, I should put it this way. Members of Congress and the Senate, who got special mortgages from Countrywide at highly reduced rates, because they were friends of Mozilo. And he walked away scot-free. JASON HARTMAN: It's just a total insider's game. That old question, you know, when the broker takes his buddy down to show his buddy his new yacht, and his friend says, where are all the clients' yachts? You know? It's an in—that's what people have to understand. Wall Street is an insider's game. And the insiders are the ones who get rich, because the insiders have all the connections, and they basically make the laws. Because they have lobbyists, they have lawyers, they have PR firms, they have accounting firms, and the game is just so stacked against the investor, I don't know why the general public is still playing in this field. They're totally outgunned! And then you look at Michael Lewis and his great new book, Flash Boys, which I'm sure you're familiar with—I mean, are these—Goldman Sachs—are they just a totally criminal organization too? Probably. I don't know. It sure seems like it. It's just unbelievable. I mean, in Flash Boys, which I highly recommend, Michael Lewis talks—he just profiles all of these companies that are like, getting in line to do this high frequency trading, where the speed of light is not even fast enough anymore, at 186,000 miles per second, and all the people profiting from all of this stuff in the food chain, it's beyond despicable. It's totally rigged. JOHN LAWRENCE ALLEN: It's very difficult. It's a hard game to play. But, the other side of the coin is, with the Fed maintaining these totally illusionary, 0% interest rates— JASON HARTMAN: What else can you do? JOHN LAWRENCE ALLEN: Everybody's having a hard time trying to make ends meet, and they're forced, almost, to go into the stock market. Bad monetary policy forces people to take inappropriate risks JASON HARTMAN: Yeah, they're forced to do—see, this is—bad monetary policy like we have, forces people to take inappropriate risk! Because they can't get any yield in their bank account. And it's so sad to see the people that are older and have really done the right thing all their lives. You know, they saved money, they planned for the future, they delayed gratification, and now they got a few bucks. It's sitting in a bank account, being destroyed by taxes and inflation, especially inflation, which, you know, is higher than what the government would have us believe, and they just can't get any yield. So, they go in, and they play with the stock market, and, you know what happens. I mean, that's your business. JOHN LAWRENCE ALLEN: Yes. JASON HARTMAN: Yeah. It really— JOHN LAWRENCE ALLEN: Sad but true. Closing statements JASON HARTMAN: Yeah. It really is sad. Well, this has been a fascinating discussion. A lot of people tell lawyer jokes, but I'm glad there are lawyers out there who really help people get some justice. And one of them is you, so, thank you for doing that. And give out your website again. Of course the book is onwww.Amazon.com. I definitely encourage people to read it: Make Wall Street Pay You Back. The website is the same name, right? JOHN LAWRENCE ALLEN: Yeah. www.MakeWallStreetPayYouBack.com. There's also a section in the book about arbitration, what it's like, what you have to know, what it's like to go through one, so people won't feel so nervous about going through the process, and realizing that they have rights, they ought to stick up for their rights, and not be afraid to pursue even Merrill Lynch or Morgan Stanley or Goldman Sachs. JASON HARTMAN: Good. Good stuff. Well John Lawrence Allen, thank you so much for joining us today. This has been very informative. JOHN LAWRENCE ALLEN: Thank you very much, Jason, and I appreciate the time. [MUSIC] ANNOUNCER (FEMALE): I've never really thought of Jason as subversive, but I just found that's what Wall Street considers him to be! ANNOUNCER (MALE): Really? How is that possible at all? ANNOUNCER (FEMALE): Simple. Wall Street believes that real estate investors are dangerous to their schemes, because the dirty truth about income property is that it actually works in real life. ANNOUNCER (MALE): I know! I mean, how many people do you know, not including insiders, who created wealth with stocks, bonds, and mutual funds? Those options are for people who only want to pretend they're getting ahead. ANNOUNCER (FEMALE): Stocks, and other non-direct traded assets, are losing game for most people. The typical scenario is: you make a little, you lose a little, and spin your wheels for decades. ANNOUNCER (MALE): That's because the corporate crooks running the stock and bond investing game will always see to it that they win! Which means, unless you're one of them, you will not win. ANNOUNCER (FEMALE): And, unluckily for Wall Street, Jason has a unique ability to make the everyday person understand investing the way it should be. He shows them a world where anything less than a 26% annual return is disappointing. ANNOUNCER (MALE): Yep, and that's why Jason offers a one book set on creating wealth that comes with 20 digital download audios. He shows us how we can be excited about these scary times, and exploit the incredible opportunities this present economy has afforded us. ANNOUNCER (FEMALE): We can pick local markets, untouched by the economic downturn, exploit packaged commodities investing, and achieve exceptional returns safely and securely. ANNOUNCER (MALE): I like how he teaches you to protect the equity in your home before it disappears, and how to outsource your debt obligations to the government. ANNOUNCER (FEMALE): And this set of advanced strategies for wealth creation is being offered for only $197. ANNOUNCER (MALE): To get your creating wealth encyclopedia, book one, complete with over 20 hours of audio, go to www.jasonhartman.com/store. ANNOUNCER (FEMALE): If you want to be able to sit back and collect checks every month, just like a banker, Jason's creating wealth encyclopedia series is for you. [MUSIC] ANNOUNCER: This show is produced by the Hartman Media Company. All rights reserved. For distribution or publication rights and media interviews, please visit www.HartmanMedia.com, or email media@hartmanmedia.com. Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, or business professional for any individualized advice. Opinions of guests are their own, and the host is acting on behalf of Platinum Properties Investor Network, Inc. exclusively.
Option Block 256: The Great AAPL and GLD Rebound Trading Block Another broad rally - a "doing stuff" kind of day. Gold spikes. Blackberry annihilated post-earnings. Corzine finally charged in MF Global debacle. The Options Industry Council (OIC) announced today that 361,180,257 total options contracts traded in June, up 10.86 percent compared to last year. Odd Block Calls Rolled in Sina Corp (SINA) Legging into a Butterfly in Tempurpedic (TPX) Puts Trading Air Products and Chemical (APD) Xpress Block Metals, Tesla and Apple were lighting up the tape. Alex gives us a good lesson about margin. Strategy Block Tosaw walks us through his recent strategy involving moving to cash after some rumbling in SPY Around the Block Earnings looming on the horizon. Remember the Independence Day holiday is this Thursday - be aware to the effect of theta.
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