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Broken Hearts for the Loss Small Innocent Lives...
Interesting developments to come - See what made the cut...
 
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Broken Hearts for the Loss Small Innocent Lives...
The pain and sorrow our entire nation feels as a result of the heinous shooting of 20 small, innocent kindergarten children at Sandy Hook Elementary school in Newtown, Connecticut on Friday, will never end.  To the families, we and the entire nation offer our deepest condolences. While we as outsiders cannot know the pain you are feeling, all of our hearts are broken. Children of all ages should be safe when at school and should not have to fear attacks from outside psychopathic individuals. The innocence of small angels, beginning their lives away from the safe haven of home, from parents, siblings and care givers, should not be subjected to a new found fear. Their innocence should not be tested nor tormented, it should be valued for their own, individual bravery. In a speech by President Barack Obama on Friday, America must unite behind some policy action "regardless of the politics" to prevent more mass shootings. "We've endured too many of these tragedies in the past few years," he remarked. "We are going to have to come together to take meaningful action to prevent more tragedies like this, regardless of the politics." Flags had been ordered at half staff in memory of victims and their families. Investigations will be ongoing for a motive of the horrific crime. Potentially, security at schools across the country will be on a heightened state of alert after this attack. There is no need for the type of military style semi-automatic weapons used by the shooter, to be out on the street. While Americans maintain the right to bear arms, there is no need for free use and ownership of these type of weapons designed specifically for, mass killing. Tears have fallen like rain by Americans over this unthinkable tragedy. Tears will  continue to fall for days, weeks and even months to come, over the loss of so many of our smallest, most innocent of victims.

Fiscal Cliff Watch...
As we move toward the last full trading week ahead of the Christmas holiday, investors and Wall Street remain on 'fiscal cliff watch'. With the market maintaining a wait-and-see stance anticipating resolution to negotiations that had President Barack Obama and House Speaker John Boehner last Thursday speaking for nearly an hour at the White House, with both of their offices saying lines of communication remained open after their third such meeting. The markets ended last week on a down note, on the heels of another week come and gone without a resolution to the 'fiscal cliff'. Amidst recent releases of economic data, the market has shown little reaction to most data as the real wait and see action from investors remains on the 'fiscal cliff'. The term "fiscal cliff" refers to the simultaneous spending cuts and tax increases that are slated to take place at the end of 2012. The Bush tax cuts are currently scheduled to expire at the end of 2012 and provisions that limit the reach of the AMT and cut payroll taxes are also scheduled to expire at the end of the year. While the tax increases and spending cuts would reduce the size of the national deficit, most economists feel that the sudden changes would plunge the country into another recession, especially given the fact that the country has been so dependent on fiscal stimulus over the past number of years.

Foreign Banks Subjected to Tougher Liquidity Rules…
A unanimous vote last Friday from the Federal Reserve subjects foreign banks with large U.S. operations to tougher capital and liquidity rules. The same capital, leverage standards and stress tests applicable to U.S. banks will now be passed on to 107 foreign banks with operations in the U.S. Banks such as but not limited to Barclays and Deutsche Bank, that have total global assets of $50 billion or greater. If approved, the measure would take effect July 1, 2015 as part of an effort to give designated banks enough time to implement the requirements. The expected proposal comes after Federal Reserve Governor Daniel Tarullo last month spoke of the need for tougher rules on foreign firms

December 17, 2012


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