17 Burst results for "Rick Eshelman"

"rick eshelman" Discussed on 850 WFTL

850 WFTL

10:36 min | 3 years ago

"rick eshelman" Discussed on 850 WFTL

"Now here's Rick Eshelman and a very happy fourth of July week to you here on the RIC Edelman show. Yeah, it's we're not quite fourth of July yet, but I think for many of us, well, yet is the festivities have begun. It's my favorite holiday of the year. And I think that's true for an awful lot of us as we just love our independence day. But, but, but I am a little concerned about a lot of attitudes that are pervasive in the American landscape today. There's a survey that was just released this week from Bank rate dot com. That was simply shocking to me, and I want to share the survey results with you, and explain to you, why. Thirty nine percent of Americans are out of their minds. Yeah. According to the survey thirty nine percent of Americans polled say, the economy is either, not so good or downright poor phase. They would try that one again. Thirty nine percent. Four out of ten Americans say the economy is in bad shape. That's insane. There isn't a single financial or economic expert in the country, who would agree with that sentence. In fact, bankratEcom survey economic experts and unanimously they all said the economy is an excellent shape. In fact, forty percent of Americans are not only saying that the economy is poor forty percent of them say the next recession has already begun. They say the next recession has already begun or will within the next twelve months. There isn't any economist anywhere. Survey by bankrate dot com that agreed with that statement. Every economist every market expert, they surveyed was unanimous in their belief that a recession is at least more than a year away. There's no way based on current economic data that this economy is not an excellent condition and that a recession is anytime soon. And since we have the first of the political debates having occurred this week, we might as well raise the political specter in the survey, they noted a difference in attitude between Republicans and Democrats. Seventy seven percent of Republicans rate, the economy as good or excellent only forty nine percent of Democrats, gray and Democrats are twice as likely as Republicans to say that the next recession has already begun. This is called an M over one Hurace stick. You don't even know what I'm talking about. But that's what's going on. When we are looking at a survey sample, you know, at fractions are you've got the numerator on the top, and the denominator on the bottom, and an over one means the number of people, I'm serving is the numerator out of a total population base. That's the denominator and an over one means I'm going to survey me, that's the numerator on top out of a total population base of. Me on the bottom the only person I'm looking at, when I'm trying to figure out what's going on, is me. My attitude. My experience. My history, myabe survey Shen. It's an an over one here stick. Now, there are three hundred twenty million Americans don't you think if we were to do a survey of all three hundred twenty million of them, we would get a more accurate picture of what's really going on? But when people say, I think the economy stinks, I think, we're in a recession, you know what that means. It means you're economy stinks. It means you're household is in a recession. It means you don't have a job you're making money. You're not saving money you bills. You can't pay your in debt. It doesn't mean the entire country is. And yet, people are looking at their own personal circumstance, and concluding, if it's this way for me, it must be this way. For everyone everywhere. So allow me to please dispel the incorrect notions that you may have because forty percent of Americans think the economy's poor and that we're already in a recession or soon will be in fact. Inflation is only one and a half percent this year. She realized that since nineteen twenty six the average annual rate of inflation is three point two percent. Inflation is running at less than half its normal rate. This means it's never been more affordable to buy goods and services interest rates are also equally low. Right now, we've got interest rates that are lower now than they were thirty years ago, notice that mortgage rates are below four percent. Right now. It's never been more affordable to buy houses and cars and durable goods like refrigerators and big screen TV's, because of low interest rates gas prices are very low. Have you noticed that at the pump compared to a couple of years ago? The unemployment rate is only three point six percent. It's the lowest unemployment rate. You ready for this since nineteen sixty nine. The bureau of labor statistics part of the department of labor. They're expecting twenty one million new jobs to be created this decade. Eighty eight percent of all patients are experiencing growth. We added seventy five thousand jobs alone, just in the month of may thirteen million Americans who work in manufacturing. They earn an average of eighty five thousand dollars a year and US manufacturing is expected to grow nearly four percent this year in the first quarter of this year alone. Just the first three months, our growth in our GDP was over three percent. A huge number this massive growth. That's not a recession a recession is when our economic output, shrinks, they grew almost four percent. Just in the first three months, the United States, such a strong economy, more than one fifth of the fortune global five hundred is in the United. States. The United States is the second leading exporter of goods and services to the entire world. US companies earned in the first three months of this year. Two trillion dollars just in the first three months. US corporations are sitting on nearly two trillion dollars in cash. Apple alone has two hundred and forty five billion dollars in cash. What do you suppose? These companies might do with all that money. Think of the research and development think of jobs will create think of the dividends they'll distribute to their shareholders. You know, there are a lot of reasons the United States is such a powerhouse. We have abundant natural resources. We have outstanding infrastructure, a large, well, educated and productive workforce, and the best of all, we've got a free market and business oriented environment and most importantly, we have the rule of law. Our society provides us with political stability. We don't change leadership in this country by shooting people. We change leaders through open elections. We have a functional legal system. A regulatory structure that lets the economy grow, we have a sense of entrepreneurship that leads to innovation research and development. It's an exciting environment and it's not just the US. It's not just great news in the US. This is the way it is around the world. Let me give you some statistics from the book fact fullness, which Bill Gates said is one of the most important books. He ever read, if we look at legal slavery in eighteen hundred there were one hundred ninety three countries that allowed legal slavery today. Three solar panels in two thousand cost sixty six dollars. Now they're six bucks. The number of children who died before they reached age five in eighteen hundred. It was forty four percent of all the children in the world tied before they reached h five today. It's not forty four percent. It's four percent. The number of deaths per one hundred thousand people who died due to battle in one thousand nine hundred forty during World War, Two, it was two hundred people per one hundred thousand in the world today. It's one. Deaths per ten billion passenger miles in aircraft in nineteen twenty nine twenty one hundred people died for every ten billion passenger miles today. One people don't die in air crashes, the way we used to have a deaths from natural disasters for every one hundred thousand people in the world, a thousand of them died annually from natural disasters back in eighteen hundred. Now it's dropped from one thousand people per one hundred thousand to just seventy one. There were one hundred and forty eight countries in eighteen fifty. We're had people dying due to smallpox now. It's zero. How about hunger in one thousand nine hundred seventy eight twenty percent of the world was undernourished? Now it's half that number we have to recognize things are getting better and better in one thousand nine hundred six one movie was produced last year. Eleven thousand movies in eighteen ninety three women had the right to vote in only one country today. It's in virtually every country in the world and sixteen sixty five there were one hundred scientific scholarly articles written last year two point five million in eighteen ten only ten percent of adults could read and write today..

US RIC Edelman Democrats Rick Eshelman smallpox Bill Gates department of labor bureau of labor Apple four percent three months forty percent Thirty nine percent
"rick eshelman" Discussed on KNST AM 790

KNST AM 790

09:03 min | 3 years ago

"rick eshelman" Discussed on KNST AM 790

"Now here's Rick Eshelman and a very happy fourth of July week to you here on the Rick element show. Yeah, it's not quite fourth of July yet, but I think for many of us. Well, yeah, it is. I mean, the festivities have begun. It's my favorite holiday of the year. And I think that's true for an awful lot of us as Americans. We just love our independence day. But, but, but I am a little concerned about a lot of attitudes that are pervasive in the American landscape today. There's a survey that was just released this week from Bank rate dot com. That was simply shocking to me, and I want to share the survey results with you, and explain to you, why. Thirty nine percent of Americans are out of their minds. Yeah. According to the survey thirty nine percent of Americans polled say, the economy is either, not so good or downright poor as we try to one again thirty nine percent. Four out of ten Americans say the economy is in bad shape. That's insane. There isn't a single financial or economic expert in the country, who would agree with that sentence. In fact, bankratEcom surveyed economic experts and unanimously they all said the economy is an excellent shape. In fact, forty percent of Americans are not only saying that the economy. Is poor forty percent of them say the next recession has already begun. They say the next recession has already begun or will within the next twelve months. There isn't any economist anywhere. Survey by bankrate dot com that agreed with that statement every economist every market expert, they surveyed was unanimous in their belief that a recession is at least more than a year away. There's no way based on current economic data that this economy is not an excellent condition and that a recession is anytime soon. And since we have the first of the political debates having occurred this week, we might as well raise the political specter in the survey. They noted a difference in attitudes between Republicans and Democrats. Seventy seven percent of Republicans rate, the economy as good or excellent only forty nine percent of Democrats agree and Democrats are twice as likely as Republicans to say that the next recession has already begun. This is called an n over one here. Ristic. You don't even know what I'm talking about. But that's what's going on. When we are looking at a survey sample. You know at fractions are you've got the numerator on the top, and the denominator on the bottom and, and over one means the number of people, I'm surveying is the numerator out of a total population base. That's the denominator and end over one means, I'm going to survey me. That's the numerator on top out of a total population base of me on the bottom the only person I'm looking at, when I'm trying to figure out what's going on, is me. My attitude. My experience my history, myopic survey Shen. It's an an over one here Ristic now there are three hundred and twenty million Americans don't you think if we were to do a survey of all three hundred twenty million of them, we would get a more accurate picture of what's really going on? But when people say, I think the economy stinks, I think, we're in a recession, you know what that means. It means you're economy stinks. It means your household is in a recession. It means you don't have a job, you're not making money. You're not saving money. You have bills. You can't pay your in debt. It doesn't mean the entire country is. And yet, people are looking at their own personal circumstance, and concluding, if it's this way for me, it must be this way for everyone everywhere. So allow me to please dispel the incorrect notions that you may have because forty percent of Americans think the economy's poor and that we're already in a recession or soon. We'll be in fact. Inflation is only one and a half percent this year. Do you realize that since nineteen twenty six the average annual rate of inflation is three point two percent? Inflation is running at less than half its normal rate. This means it's never been more affordable to buy goods and services interest rates are also equally low. Right now, we've got interest rates that are lower now than they were thirty years ago, notice that mortgage rates are below four percent. Right now. It's never been more affordable to buy houses and cars and durable goods like refrigerators and big screen TV's, because of low interest rates gas prices are very low. Have you noticed that at the pump compared to a couple of years ago? The unemployment rate is only three point six percent. It's the lowest unemployment rate. You ready for this since nineteen sixty nine. The bureau of labor statistics part of the department of labor. They're expecting twenty one million new jobs to be created this decade eighty eight percent of all ocupation are experiencing growth. We added seventy five thousand jobs alone, just in the month of may, we have thirteen million Americans who work in manufacturing. They earn an average of eighty five thousand dollars a year and US manufacturing is expected to grow nearly four percent this year in the first quarter of this year alone. Just the first three months, our growth in our GDP was over three percent. A huge number. This is massive growth. That's not a recession a recession is when our economic output, shrinks, they grew almost four percent. Just in the first three months, the United States, such a strong economy, more than one fifth of the fortune global five hundred is in the United. States. The United States is the second leading exporter of goods and services to the entire world. US companies earned in the first three months of this year. Two trillion dollars just in the first three months. US corporations are sitting on nearly two trillion dollars in cash. Apple alone has two hundred and forty five billion dollars in cash. What do you suppose? These companies might do with all that money. Think of the research and development think of the jobs will create think of the dividends they'll distribute to their shareholders. You know, there are a lot of reasons the United States is such a powerhouse we have, abundant natural resources, we have an outstanding infrastructure, a large, well, educated and productive workforce, and the best of all, we've got a free market and business oriented environment and most importantly, we have the rule of law. Our society provides us with political stability. We don't change leadership in this country by shooting people. We change leaders through open elections. We've a functional legal system. A regulatory structure that lets the economy grow, we have a sense of entrepreneurship that leads to innovation research and development. It's an exciting environment and it's not just the US. It's not just great news in the US. This is the way it is around the world. Let me give you some statistics from the book fact fullness, which Bill Gates said is one of the most important books. He ever read, if we look at legal slavery in eighteen hundred there were one hundred ninety three countries that allowed legal slavery today. Three solar panels in two thousand cost sixty six dollars. Now they're six bucks. The number of children who died before they reached age five in eighteen hundred. It was forty four percent of all the children in the world died before they reached h five today. It's not forty four percent. It's four percent..

US Rick Eshelman Bill Gates bankratEcom department of labor bureau of labor Apple four percent three months forty percent thirty nine percent forty four percent eighty five thousand dollars forty five billion dollars
"rick eshelman" Discussed on WTMJ 620

WTMJ 620

10:34 min | 3 years ago

"rick eshelman" Discussed on WTMJ 620

"Failing. Now here's Rick Eshelman a very happy fourth of July week to you here on the Rick element show. Yeah, it's not quite fourth of July yet, but I think for many of us, well, yet is in the festivities have begun, it's my favorite holiday of the year. And I think that's true for an awful lot of us as Americans. We just love our independence day. But, but I am a little concerned about a lot of attitudes that are pervasive in the American landscape today. There's a survey that was just released this week from Bank rate dot com. That was simply shocking to me, and I want to share the survey results with you, and explain to you, why. Thirty nine percent of Americans are out of their minds. Yeah. According to the survey thirty nine percent of Americans polled say, the economy is either, not so good or downright poor. I again. Thirty nine percent. Four out of ten Americans say the economy is in bad shape. That's insane. There isn't a single financial or economic expert in the country, who would agree with that sentence. In fact, bankratEcom surveyed economic experts and unanimously they all said the economy is an excellent shape. In fact, forty percent of Americans are not only saying that the economy is poor forty percent of them say the next recession has already begun. They say the next recession has already begun or will, then the next twelve months, there, isn't any economist anywhere. Survey by bankrate dot com then agreed with that statement every economist every market expert, they surveyed was unanimous in their belief that a recession is at least more than a year away. There's no way based on current economic data that this economy is not an excellent condition and that a recession is anytime soon. And since we have the first of the political debates having occurred this week, we might as well raise the political specter in the survey. They noted a difference in attitudes between Republicans and Democrats. Seventy seven percent of Republicans rate, the economy as good or excellent only forty nine percent of Democrats agree and Democrats are twice as likely as Republicans to say that the next recession has already begun. This is called an n over one here. Stick. You don't even know what I'm talking about. But that's what's going on. When we are looking at a survey sample. You know what fractions are you've got the numerator on the top, and the denominator on the bottom. And, and over one means the number of people, I'm surveying is the numerator out of a total population base. That's the denominator and, and over one means I'm going to survey me. That's the numerator on top out of a total population base of me on the bottom the only person I'm looking at, when I'm trying to figure out what's going on, is me. My attitude. My experience my history. My survey Shen. It's an an over one here stick. Now, there are three hundred twenty million Americans don't you think if we were to do a survey of all three hundred twenty million of them, we would get a more accurate picture of what's really going on? But when people say, I think the economy stinks, I think, we're in a recession, you know what that means. It means you're economy stinks. It means you're household is in a recession. It means you don't have a job. You're not making money. You're not saving money. You have bills. You can't pay urine tat. It doesn't mean the entire country is. And yet, people are looking at their own personal circumstance, and concluding, if it's this way for me, it must be this way for everyone everywhere. So allow me to please dispel the incorrect notions that you may have because forty percent of Americans think the economy's poor and that we're already in a recession or soon will be in fact. Inflation is only one and a half percent. This year you realize that since nineteen twenty six the average annual rate of inflation is three point two percent. Inflation is running at less than half its normal rate. This means it's never been more affordable to buy goods and services interest rates are also equally low. Right now, we've got interest rates that are lower now than they were thirty years ago, notice that mortgage rates are below four percent. Right now. It's never been more affordable to buy houses and cars and durable goods like refrigerators and big screen TV's, because of low interest rates gas prices are very low. Have you noticed that at the pump compared to a couple of years ago? The unemployment rate is only three point six percent. It's the lowest unemployment rate. You ready for this since nineteen sixty nine. The bureau of labor statistics part of the department of labor. They're expecting twenty one million new jobs to be created this decade eighty eight percent of all occupations are experiencing growth. We added seventy five thousand jobs alone, just in the month of may, we have thirteen million Americans who work in manufacturing. They are in an average of eighty five thousand dollars a year and US manufacturing is expected to grow nearly four percent this year in the first quarter of this year alone. Just the first three months, our growth in our GDP was over three percent. A huge number this massive growth. That's not a recession a recession is when our economic output, shrinks, they grew almost four percent. Just in the first three months, the United States, such a strong economy, more than one fifth of the fortune global five hundred is in the United. States. The United States is the second leading exporter of goods and services to the entire world. US companies earned in the first three months of this year. Two trillion dollars just in the first three months. US corporations are sitting on nearly two trillion dollars in cash. Apple alone has two hundred and forty five billion dollars in cash. What do you suppose? These companies might do with all that money. Think of the research and development think of jobs will create think of the dividends they'll distribute to their shareholders. There are a lot of reasons the United States is such a powerhouse we have, abundant natural resources, we have an outstanding infrastructure, a large, well, educated and productive workforce, and the best of all, we've got a free market and business oriented environment and most importantly, we have the rule of law. Our society provides us with political stability. We don't change leadership in this country by shooting people. We change leaders through open elections. We've a functional legal system. A regulatory structure that lets the economy grow, we have a sense of entrepreneurship that leads to innovation research and development. It's an exciting environment and it's not just the US. It's not just great news in the US. This is the way it is around the world. Let me give you some statistics from the book fat, fullness, which Bill Gates said is one of the most important books. He ever read, if we look at legal slavery in eighteen hundred there were one hundred ninety three countries that allowed legal slavery today. Three solar panels in two thousand cost sixty six dollars. Now they're six bucks. The number of children who died before they reached age five in eighteen hundred. It was forty four percent of all the children in the world died before they reached h five today. It's not forty four percent. It's four percent. The number of deaths per one hundred thousand people who died due to battle in one thousand nine hundred forty during World War, Two, it was two hundred people per one hundred thousand in the world today. It's one deaths per ten billion passenger miles in aircraft. In one thousand nine twenty nine twenty one hundred people died for every ten billion passenger miles today. One people don't die in air. Crushes the way we used to have a deaths from natural disasters for everyone hundred thousand people in the world. A thousand of them died annually from natural disasters back in eighteen hundred. Now it's dropped from a thousand people per one hundred thousand to just seventy one. There were one hundred and forty eight countries in eighteen fifty. We're had people dying due to smallpox now. It's zero. How about hunger in one thousand nine hundred seventy eight twenty percent of the world was undernourished? Now it's half that number we have to recognize things are getting better and better in nineteen. Oh, six one movie was produced last year. Eleven thousand movies in eighteen ninety three women had the right to vote in only one country today. It's in virtually every country in the world in sixteen sixty five there were one hundred scientific scholarly articles written last year two point five million in eighteen ten only ten percent of adults could read and write today..

US Rick Eshelman smallpox bankratEcom Bill Gates department of labor bureau of labor Apple four percent three months forty percent Thirty nine percent forty four percent
"rick eshelman" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

10:31 min | 3 years ago

"rick eshelman" Discussed on Newsradio 1200 WOAI

"Here's Rick Eshelman and a very happy fourth of July week to you here on the RIC Edelman show yet. We're not quite fourth of July yet, but I think for many of us. Well, it is. I mean, the festivities have begun, it's my favorite holiday of the year. And I think that's true for an awful lot of us as Americans. We just love our independence day. But, but I am a little concerned about a lot of attitudes that are pervasive in the American landscape today. There's a survey that was just released this week from Bank rate dot com. That was simply shocking to me, and I want to share the survey results with you, and explain to you, why. Thirty nine percent of Americans are out of their minds. Yeah. According to the survey thirty nine percent of Americans polled say, the economy is either not so good or down. Right. Poor. Thirty nine percent. Four out of ten Americans say the economy is in bad shape. That's insane. There isn't a single financial or economic expert in the country, who would agree with that sentence. In fact, bankratEcom surveyed economic experts and unanimously they all said the economy is an excellent shape. In fact, forty percent of Americans are not only saying that the economy is poor forty percent of them say the next recession has already begun. They say the next recession has already begun or will within the next twelve months. There isn't any economist anywhere. Survey by bankrate dot com that agreed with that statement every economist every market expert, they surveyed was unanimous in their belief that a recession is at least more than a year away. There's no way based on current economic data that this economy is not an excellent condition and that a recession is anytime soon. And since we have the first of the political debates having occurred this week, we might as well raise the political specter in the survey. They noted a difference in attitudes between Republicans and Democrats. Seventy seven percent of Republicans rate, the economy as good or excellent only forty nine percent of Democrats agree and Democrats are twice as likely as Republicans to say that the next recession has already begun. This is called an n over one here. Ristic. You don't even know what I'm talking about. But that's what's going on. When we are looking at a survey sample unil- at fractions, are you've got the numerator on the top, and the denominator on the bottom and, and over one means the number of people I'm serving as the numerator out of a total population base. That's the denominator and end over one means, I'm going to survey me. That's the numerator on top out of a total population base of me on the bottom the only person I'm looking at, when I'm trying to figure out what's going on, is me. My attitude. My experience my history. My survey Shen. That's an an over one here stick. Now there are three hundred and twenty million Americans don't you? Think if we were to do a survey of all three hundred twenty million of them, we would get a more accurate picture of what's really going on. But when people say, I think the economy stinks, I think, we're in a recession, you know what that means. It means you're economy stinks. It means your household is in a recession. It means you don't have a job, you're not making money. You're not saving money. You have bills. You can't pay your in debt. It doesn't mean the entire country is. And yet, people are looking at their own personal circumstance, and concluding, if it's this way for me, it must be this way for everyone everywhere. So allow me to please dispel the incorrect notions that you may have because forty percent of Americans think the economy's poor and that we're already in a recession or soon will be in fact inflation is only one and a half. Percent this year. Do you realize that since nineteen twenty six the average annual rate of inflation is three point two percent? Inflation is running at less than half its normal rate. This means it's never been more affordable to buy goods and services interest rates are also equally low right now. We've got interest rates that are lower now than they were thirty years ago, notice that mortgage rates are below four percent. Right now. It's never been more affordable to buy houses and cars and durable goods like refrigerators and big screen TV's, because of low interest rates gas prices are very low. Have you noticed that at the pump compared to a couple of years ago? The unemployment rate is only three point six percent. It's the lowest unemployment rate. You ready for this since nineteen sixty nine. The bureau of labor statistics part of the department of labor. They're expecting twenty one million new jobs to be created this decade eighty eight percent of all ocupation 's are experiencing growth. We added seventy five thousand jobs alone, just in the month of may have thirteen million Americans who work in manufacturing. They earn an average of eighty five thousand dollars a year and US manufacturing is expected to grow nearly four percent this year in the first quarter of this year alone. Just the first three months, our growth in our GDP was over three percent. A huge number this massive growth. That's not a recession a recession is when our economic output, shrinks, they grew almost four percent. Just in the first three months, the United States, such a strong economy, more than one fifth of the fortune global five hundred is in the United. States. The United States is the second leading exporter of goods and services to the entire world. US companies earned in the first three months of this year. Two trillion dollars just in the first three months. US corporations are sitting on nearly two trillion dollars in cash. Apple alone has two hundred and forty five billion dollars in cash. What do you suppose? These companies might do with all that money. Think of the research and development think of the jobs, they'll create think of the dividends they'll distribute to their shareholders. You know, there are a lot of reasons the United States is such a powerhouse. We have abundant natural resources. We have outstanding infrastructure, a large, well, educated and productive workforce, and the best of all, we've got a free market and business oriented environment and most importantly, we have the rule of law. Our society provides us with political stability. We don't change leadership in this country by shooting people. We change leaders through open elections. We have a functional legal system. A regulatory structure that lets the economy grow, we have a sense of entrepreneurship that leads to innovation research and development. It's an exciting environment and it's not just the US. It's not just great news in the US. This is the way it is around the world. Let me give you some statistics from the book fact fullness, which Bill Gates said is one of the most important books. He ever read, if we look at legal slavery in eighteen hundred there were one hundred ninety three countries that allowed legal slavery today. Three solar panels in two thousand cost sixty six dollars. Now they're six bucks. The number of children who died before they reached age five in eighteen hundred. It was forty four percent of all the children in the world died before they reached h five today. It's not forty four percent. It's four percent. The number of deaths per one hundred thousand people who died due to battle in one thousand nine hundred forty during World War, Two, it was two hundred people per one hundred thousand in the world today. It's one deaths per ten billion passenger miles in aircraft. In one thousand nine twenty nine twenty one hundred people died for every ten billion passenger miles today. One people don't die in air crashes, the way we used to have a deaths from natural disasters for every one hundred thousand people in the world, a thousand of them died annually from natural disasters back in eighteen hundred. Now it's dropped from one thousand people per one hundred thousand to just seventy one. There were one hundred and forty eight countries in eighteen fifty. We're had people dying due to smallpox now. It's zero have about hunger in one thousand nine hundred seventy eight. Twenty percent of the world was undernourished. Now it's half that number we have to recognize things are getting better and better in one thousand nine hundred six one movie was produced last year. Eleven thousand movies in eighteen ninety three women had the right to vote in only one country today. It's in virtually every country in the world and sixteen sixty five there were one hundred scientific scholarly articles written last year two point five million in eighteen ten only ten percent of adults could read and write today..

US Rick Eshelman RIC Edelman smallpox bankratEcom Bill Gates department of labor bureau of labor Apple four percent three months forty percent Thirty nine percent
"rick eshelman" Discussed on WCBM 680 AM

WCBM 680 AM

10:36 min | 3 years ago

"rick eshelman" Discussed on WCBM 680 AM

"Now here's Rick Eshelman and a very happy fourth of July week to you here on the Rick Edelman show, yet, we're not quite fourth of July yet, but I think for many of us. Well, yeah, it is. I mean, the festivities have begun. It's my favorite holiday of the year. And I think that's true for an awful lot of us as Americans. We just love our independence day. But, but, but I am a little concerned about a lot of attitudes that are pervasive in the American landscape today. There's a survey that was just released this week from Bank rate dot com. That was simply shocking to me, and I want to share the survey results with you, and explain to you, why. Thirty nine percent of Americans are out of their minds. Yeah. According to the survey thirty nine percent of Americans polled say the economy. Is either not so good or downright poor again thirty nine percent. Four out of ten Americans say the economy is in bad shape. That's insane. There isn't a single financial or economic expert in the country, who would agree with that sentence. In fact, bankratEcom survey economic experts and unanimously they all said the economy is an excellent shape. In fact, forty percent of Americans are not only saying that the economy is poor forty percent of them say the next recession has already begun. They say the next recession has already begun or will within the next twelve months. There isn't any economist anywhere. Survey by bankrate dot com then agreed with that statement every economist every market expert, they surveyed was unanimous in their belief that a recession is at least more than a year away. There's no way based on current economic data that this economy is not an excellent condition and that a recession is anytime soon. And since we have the first of the political debates having occurred this week, we might as well raise the political specter in the survey. They noted a difference in attitudes between Republicans and Democrats. Seventy seven percent of Republicans rate, the economy as good or excellent only forty nine percent of Democrats agree and Democrats are twice as likely as Republicans to say that the next recession has already begun. This is called an n over one Hurace stick. You don't even know what I'm talking about. But that's what's going on. When we are looking at a survey sample, you know, at fractions are you've got the numerator on the top, and the denominator on the bottom and, and over one means the number of people on serving is the numerator out of a total population base. That's the denominator and n over one means, I'm going to survey me. That's the numerator on top out of a total population base of me on the bottom the only person I'm looking at, when I'm trying to figure out what's going on, is me. My attitude. My experience my history, myopic survey Shen. It's an an over one here stick now there are three hundred twenty million Americans, don't you? Think if we were to do a survey of all three hundred twenty million of them, we would get a more accurate picture of what's really going on. But when people say, I think the economy stinks, I think, we're in a recession, you know what that means. It means you're economy stinks. It means you're household is in a recession. It means you don't have a job. You're not making money, not saving money. You have bills. You can't pay your in debt. It doesn't mean the entire country is. And yet, people are looking at their own personal circumstance, and concluding, if it's this way for me, it must be this way for everyone everywhere. So allow me to please dispel the incorrect notions that you may have because forty percent of Americans think the economy's poor and that we're already in a recession or soon. We'll be in fact inflation is only one and a half. Percent this year. She realized that since nineteen twenty six the average annual rate of inflation is three point two percent. Inflation is running at less than half its normal rate. This means it's never been more affordable to buy goods and services interest rates are also equally low right now. We've got interest rates that are lower now than they were thirty years ago, notice that mortgage rates are below four percent. Right now. It's never been more affordable to buy houses and cars and durable goods like refrigerators and big screen TV's, because of low interest rates gas prices are very low. Have you noticed that at the pump compared to a couple of years ago? The unemployment rate is only three point six percent. It's the lowest unemployment rate. You ready for this since nineteen sixty nine. The bureau of labor statistics part of the department of labor. They're expecting twenty one million new jobs to be created this decade eighty eight percent of all occupations are experiencing growth. We added seventy five thousand jobs alone, just in the month of may. We have thirteen million Americans who work in manufacturing. They earn an average of eighty five thousand dollars a year and US manufacturing is expected to grow nearly four percent this year in the first quarter of this year alone. Just the first three months, our growth in our GDP was over three percent. A huge number. This is massive growth. That's not a recession a recession is when our economic output, shrinks, they grew almost four percent. Just in the first three months, the United States, such a strong economy, more than one fifth of the fortune global five hundred is in the United. States. The United States is the second leading exporters of goods and services to the entire world. US companies earned in the first three months of this year. Two trillion dollars just in the first three months. US corporations are sitting on nearly two trillion dollars in cash. Apple alone has two hundred and forty five billion dollars in cash. What do you suppose? These companies might do with all that money. Think of the research and development think of jobs will create thinking the dividends they'll distribute to their shareholders. You know, there are a lot of reasons the United States is such a powerhouse we have abundant natural resources. We have outstanding infrastructure, a large, well, educated and productive workforce, and the best of all, we've got a free market and business oriented environment and most importantly, we have the rule of law. Our society provides us with political stability. We don't change leadership in this country by shooting people. We change leaders through open elections. We've a functional legal system. A regulatory structure that lets the economy grow, we have a sense of entrepreneurship that leads to innovation research and development. It's an exciting environment and it's not just the US. It's not just great news in the US. This is the way it is around the world. Let me give you some statistics from the book fact fullness, which Bill Gates said is one of the most important books. He ever read, if we look at legal slavery in eighteen hundred they were one hundred ninety three countries that allowed legal slavery today. Three solar panels in two thousand cost sixty six dollars. Now they're six bucks. The number of children who died before they reached age five in eighteen hundred. It was forty four percent of all the children in the world died before they reached h five today. It's not forty four percent. It's four percent. The number of deaths per one hundred thousand people who died due to battle in one thousand nine hundred forty during World War, Two, it was two hundred people per one hundred thousand in the world today. It's one deaths per ten billion passenger miles in aircraft. In one thousand nine twenty nine twenty one hundred people died for every ten billion passenger miles today. One people don't die air. Crushes the way we used to have a deaths from natural disasters for every one hundred thousand people in the world, a thousand of them died annually from natural disasters back in eighteen hundred. Now. It's dropped from thousand people per one hundred thousand to just seventy one. There were one hundred and forty eight countries in eighteen fifty. We're had people dying smallpox now. It's zero. How about hunger in one thousand nine hundred seventy eight twenty percent of the world was undernourished? Now it's half that number we have to recognize things are getting better and better in one thousand nine hundred six one movie was produced last year. Eleven thousand movies in eighteen ninety three women had the right to vote in only one country today. It's in virtually every country in the world and sixteen sixty five there were one hundred scientific scholarly articles written last year two point five million in eighteen ten only ten percent of adults could read and write today..

US Rick Eshelman Rick Edelman smallpox Bill Gates department of labor Apple bureau of labor four percent three months forty percent thirty nine percent forty four percent
"rick eshelman" Discussed on WTVN

WTVN

02:21 min | 3 years ago

"rick eshelman" Discussed on WTVN

"Now. Here's Rick Eshelman. Welcome back to the Rick Edelman show. Thanks for hanging around this hour, as we welcome summertime here on the program and into your lives as well. Last week on the program. I told you of the SEC's new regulation that they released called rig BI regulation, best interests, which supposedly sets a standard for all financial advisers to serve their clients best interests. Unfortunately, there aren't too many people in the industry, who agree that the SEC has succeeded in ensuring that advisors serve your best interests. It's been getting panned by most organizations, other than those, of course, representing the securities industry. Here's the problem. The rule used to be the following advisors were required to avoid conflicts of interest and disclose any conflicts of interest. That was the old rule. Avoid them and disclose them the new rule. Rule changes it from end to or now the rule says that advisors must either avoid conflicts of interest or disclose them. And that's the problem. The SEC's own investor advocate. Rick Fleming called the new rule Rigby I quote. Weakening, the existing fiduciary standard by suggesting that liability. For nearly all conflicts can be avoided through disclosure. I do not believe this is what an investor would reasonably expect from a fiduciary. That's reclaiming. Yes, he sees investor. Advocate Barbara Roper the director of investor protection at the consumer federation of America says the SEC has rendered the definition of fiduciary, quote unquote meaningless. You say we have always touted here, element, Financial Engines that we are due Sherry, meaning we by regulation serve your best interests. We proudly note that we are the only ones who say this. We meaning those.

SEC fiduciary Sherry Rick Eshelman Rick Edelman Rick Fleming Rigby Barbara Roper consumer federation of America director
"rick eshelman" Discussed on WLS-AM 890

WLS-AM 890

02:18 min | 3 years ago

"rick eshelman" Discussed on WLS-AM 890

"Now here's Rick Eshelman. Welcome back to the wreck element show. Thanks for hanging around this hour, as we welcome summertime here on the program and into your lives as well. Last week on the program. I told you of the SEC's new regulation that they released called wreck BI regulation, best interests, which supposedly sets a standard for all financial advisers to serve their clients best interests. Unfortunately, there aren't too many people in the industry, who agree that the SEC has succeeded in ensuring that advisors serve your best interests. It's been getting panned by most organizations, other than those, of course, representing the securities industry. Here's the problem. The rule used to be the following advisors were required to avoid conflicts of interest and disclose any conflicts of interest. That was the old rule. Avoid them and disclose them the new rule changes it from end to or. Now, the rule says that advisors must either avoid conflicts of interest or disclose them. And that's the problem. The SEC's own investor advocate. Rick Fleming called the new rule rugby I quote weakening the existing fiduciary standard by suggesting that liability. For nearly all conflicts can be avoided through disclosure. I do not believe this is what an investor would reasonably expect from a fiduciary. That's reclining SEC's investor advocate. Barbara Roper the director of investor protection at the consumer federation of America says the SEC has rendered the definition of fiduciary, quote unquote meaningless. You see, we have always touted here, element, Financial Engines that we are a fiduciary, meaning we by regulation serve your best interests. We proudly note that we are the only ones who. Say this. We meaning those in the registered investment advisory community. Those of us who are I as a couple hundred thousand firms in.

SEC fiduciary Rick Eshelman Rick Fleming Barbara Roper consumer federation of America rugby director
"rick eshelman" Discussed on KNST AM 790

KNST AM 790

03:54 min | 3 years ago

"rick eshelman" Discussed on KNST AM 790

"Now here's Rick Eshelman. Back to the Rick Edelman show. Thanks for hanging around this half hour, as we welcome summertime here on the program and into your lives as well. Last week on the program. I told you of the SEC's new regulation that they released called rig BI regulation, best interests, which supposedly sets a standard for all financial advisers to serve their clients best interests. Unfortunately, there aren't too many people in the industry, who agree that the SEC has succeeded in ensuring that advisors serve your best interests. It's been getting panned by most organizations, other than those, of course, representing the securities industry. Here's the problem. The rule used to be the following advisors were required to avoid conflicts of interest and disclose any conflicts of interest. That was the old rule. Avoid them and disclose them the new rule. Rule changes it from end to or now the rule says that advisors must either avoid conflicts of interest or disclose them. And that's the problem. The SEC's own investor advocate. Rick Fleming called the new rule Rigby I quote. Weakening, the existing fiduciary standard by suggesting that liability. For nearly all conflicts can be avoided through disclosure. I do not believe this is what an investor would reasonably expect from fiduciary. That's reclaiming. Yes, he sees investor. Advocate. Barbara Roper the director of investor protection at the consumer federation of America says the SEC has rendered the definition of fiduciary, quote unquote meaningless. You see, we have always touted here, element, Financial Engines that we are a fiduciary, meaning we by regulation serve your best interests. We proudly note that we are the only ones who say this. We meaning those in the registered investment advisory community. Those of us who are I as a couple hundred thousand firms in the country, operating as registered investment advisers and only we. Are required to adhere to the fiduciary standard of serving your best interests. Stockbrokers never had to do that insurance agents never had to do that. And we have always argued for your protection as a consumer as an investor, make sure you're working with someone who's a fiduciary, someone who places your best interests first, so that you don't have to worry about conflicts of interest. Is this person trying to sell me a product because it makes a big commission because they're trying to win a sales contest. You don't have that concern when dealing with a fiduciary at least that's the way it used to be until last week. But now, the is introduced regulation, BI regulation best interests. And now stockbrokers insurance agents are going to be able to run around the country, claiming weird here to regulation best interest, even though it's not changing their behavior, even though they're still going to be able to engage in conflicts of interest as long as they now disclose them. Our attitude is disclosure isn't enough. They need to be avoided not merely disclosed. And so what a lot of this comes down to is the fact that the waters of been muddied historically, if we go back.

fiduciary SEC Rick Eshelman Rick Edelman Rigby Rick Fleming consumer federation of America Barbara Roper director
"rick eshelman" Discussed on KLBJ 590AM

KLBJ 590AM

01:48 min | 3 years ago

"rick eshelman" Discussed on KLBJ 590AM

"That's not the near that solid stuff. Progressive can't save you from becoming your parents, but we can save you money when you bundle home and auto. Progressive casualty insurance company affiliates and other insurance. Discounts not available in all states or situations. My doctor said, I have repetitive poll syndrome, or our PS. It's from struggling to start my more all that pulling in pulling then he prescribed a Toro. They're guaranteed to start on the first or second pool. I'm cured Toro count on it. Get to old baby. Today, all, t's all shorts and all are on sale now for fifty percent off. That's right. Get fifty percent off all tees fifty percent of all shorts and fifty percent off all dresses. Get the styles you want most right now with shorts from destroyed bucks for adults eight bucks for kids tease started to seven bucks for adults six bucks for kids. Don't miss out. Hurry into old navy and old navy dot com. Valid six nineteen to six twenty six excludes in store clearance, active licensed men's packaged flag styles. However results may vary. The views expression on this program. Not necessarily the views of this station. Content is for educational purposes. Only consult advisor or conduct your own diligence of investing a prescreened and the show was pre recorded earlier this week, Rick is with Financial Engines, Financial Engines advisors, LLC investment advisor, that furnishes this program. Barron's has rented financial services is the number one independent advisory permanent nation least on assets managed, team, size experience and regulatory record firm self nominate investor returns and experience or not considered. It'll mean combined with Financial Engines advisors in November two thousand eighteen. This is the Rick Edelman show. Edelman Financial Engines is the number one ranked investment advisor in the country by down. Now. Here's Rick Eshelman and a very happy summer to you..

Edelman Financial Engines Financial Engines advisor Rick Edelman Rick Eshelman Rick t Barron fifty percent
"rick eshelman" Discussed on WCBM 680 AM

WCBM 680 AM

02:31 min | 3 years ago

"rick eshelman" Discussed on WCBM 680 AM

"By Darren. Now here's Rick Eshelman. Back to the Rick Edelman show. Thanks for hanging around this hour, as we welcome summertime here on the program and to your lives as well. Last week on the program. I told you of the SEC's new regulation that they released called rig BI regulation, best interests, which supposedly sets a standard for all financial advisers to serve their clients best interests. Unfortunately, there aren't too many people in the industry, who agree that the SEC has succeeded in ensuring that advisors serve your best interests. It's been getting panned by most organizations, other than those, of course, representing the securities industry. Here's the problem. The rule used to be the following advisors were required to avoid conflicts of interest and disclose any conflicts of interest. That was the old rule. Avoid them and disclose them the new rule. Rule changes it from end to or now the rule says that advisors must either avoid conflicts of interest or disclose them. And that's the problem. The SEC's own investor advocate. Rick Fleming called the new rule Rigby I quote. Weakening, the existing fiduciary standard by suggesting that liability. For nearly all conflicts can be avoided through disclosure. I do not believe this is what an investor would reasonably expect from fiduciary. That's Rick Fleming. Yes. He sees investor advocate. Barbara Roper the director of investor protection at the consumer federation of America says the SEC has rendered the definition of fiduciary, quote unquote meaningless. You see, we have always touted here, element, Financial Engines that we are a fiduciary, meaning we by regulation serve your best interests. We proudly note that we are the only ones who say this. We meaning those in the registered investment advisory community. Those of us who are I as a couple hundred thousand firms in.

SEC fiduciary Rick Fleming Rick Eshelman Rick Edelman Darren Barbara Roper Rigby consumer federation of America director
"rick eshelman" Discussed on KTRH

KTRH

04:15 min | 3 years ago

"rick eshelman" Discussed on KTRH

"Now, here's Rick Eshelman. Welcome back to the cattleman show. Thanks for hanging around this Heff. Our last segment, we talked a lot about blockchain distributed ledger technology, and bitcoin theory and crypto assets digital asset cetera was chat a little bit more about it. Forbes it's becoming such a big deal that Forbes has now created the blockchain fifty a list of big companies that are putting the technology to work in meaningful ways financial firms as you would imagine dominate the list, but BP WalMart Comcast they're on the list to Golden State foods is a McDonald's supplier, they make four hundred thousand hamburgers per hour. Again. Four hundred thousand hamburgers per hour. They're using blockchain technology to track the location and temperature of its patties. They use radio frequency ID tags. The system can immediately alert them to conditions that might lead to spoilage and optimize in the Tory levels by tracking how much meat is in a truck or in a restaurant's freezer all in real time. Thanks to the blockchain Bumblebee as unveiled a blockchain to offer a complete transparency to its customers. You will soon. No longer have to take bumble bees word for it. When they tell you that the twelve ounce package of yellowfin tuna. You just bought wasn't fact caught by fishermen in the South Pacific and not by factory ship. The fishing crews the tuna processes the Packers. They're now entering their own data in real time on a blockchain created by Bumblebee. And by this summer Bumblebee will be sharing that information with retailers and customers you take the time to check on the web, you'll be able to see. Exactly when that tuna was caught who caught it, and what ocean it came from then healthcare twenty percent of all the money spent in healthcare. We're talking seven hundred billion dollars a year is wasted. Because of inefficiencies, we'll guess what there's an outfit developing a blockchain for healthcare providers. Oracle SAP, Amazon Deloite PW, see KPMG Ernst and young Tatum. Consultancy they're all helping companies develop blockchain technology at Deloitte. They have fourteen hundred fulltime employees who do nothing but blockchain that's quite an investment. IBM's blockchain has five hundred different client projects going on representing companies such as WalMart. Kroger. Nestle their trust chain is a consortium of companies in the supply chain for diamonds and jewellery the list goes on and on and on what are the feds doing about? All this. Well, FINRA has just announced the formation of the office of financial innovation. To enhance the regulators ability to identify understand and foster innovation in the financial markets. They planned to collaborate with the industry regulators and investors and the SEC is holding a fintech forum. They've got four panels one of them. Guess what distributed ledger technology innovations looking at what's going on with industry trends? So the regulators are all over this as well. But it's not just blockchain and digital assets. Like, bitcoin it goes so far beyond that with the advances in technology. How about drones you know, that a drone just livered a kidney? Yeah. The first ever drone delivered kidney. It was a test flight conducted by researchers of the university of Maryland the drunk carried a refrigerated box with a bio sensor to monitor the organ flight. It was a three mile trip at forty two miles an hour and didn't have to deal with traffic or traffic lights. Pretty impressive technology PWS's says the global. The market for drones. A hundred twenty seven billion dollars the association for unmanned vehicle systems says the economy will create for drones alone a hundred thousand jobs in the US over the next six years. Do you suppose they're any kids anywhere in this country majoring in drones at college? Maybe they ought to be and drones are just one form of self driving vehicle. Carmakers are doing a lot more than just drone technology. They're going to be spending over the next.

Packers Rick Eshelman Heff Forbes WalMart Deloitte US Golden State foods Kroger Comcast FINRA SEC South Pacific IBM BP
"rick eshelman" Discussed on KNST AM 790

KNST AM 790

04:14 min | 3 years ago

"rick eshelman" Discussed on KNST AM 790

"Now, here's Rick Eshelman. Welcome back to the show. Thanks for hanging around this Heff. Our last segment we talked a lot about blockchain distributed ledger technology and bitcoin theory and crypto assets digital asset cetera. Esa chat a little bit more about it. Forbes it's becoming such a big deal that Forbes now created the blockchain fifty a list of big companies that are putting the technology to work in meaningful ways financial firms as you would imagine dominate the list, but be pay WalMart. Comcast they're on the list to Golden State foods is a McDonald's supplier, they make four hundred thousand hamburgers per hour. Four hundred thousand hamburgers per hour. They're using blockchain technology to track the location and temperature of its patties. They use radio frequency ID tags. The system can immediately alert them to conditions that might lead to spoilage and optimizing the Tory levels by tracking how much meat isn't a truck or in a restaurant's freezer all of in real time. Thanks to the blockchain Bumblebee as unveiled a blockchain to offer complete transparency to its customers. You will soon no longer half the take bumblebees word for it. When they tell you that the twelve ounce package of yellowfin tuna. You just bought was in fact caught by fishermen in the South Pacific and not by factory ship. The fishing crews the tuna processes the Packers. They're now entering their own data in real time on a blockchain created by Bumblebee. And by this summer Bumblebee will be sharing that information with retailers and customers you take the time to check. On the web. You'll be able to see exactly when that tuna was caught who caught it and what action it came from and healthcare twenty percent of all the money spent in healthcare, we're talking seven hundred billion dollars a year, it's wasted. Because of inefficiencies, we'll guess what there's an outfit developing a blockchain for healthcare providers. Oracle SAP, Amazon Deloite PW, see KPMG Ernst and young Tatum. Consultancy they're all helping companies develop blockchain technology at Deloite. They have fourteen hundred fulltime employees who do nothing but blockchain that's quite an investment. IBM's blockchain has five hundred different client projects going on representing companies such as WalMart. Kroger. Nestle their trust chains consortium of companies in the supply chain for diamonds and jewellery the list goes on and on and on what are the feds doing about? All this. Well, FINRA has just announced the formation of the office. Of financial innovation to enhance. The regulators ability to identify understand and foster innovation in the financial markets. They plan to collaborate with the industry regulators and investors and the SEC is holding a fintech forum. They've got four panels one of them. Guess what distributed ledger technology innovations looking at what's going on with industry trends? So the regulators are all over this as well. But it's not just blockchain and digital assets. Like, bitcoin it goes so far beyond that with the advances in technology. How drones you know, that a drone just livered a kidney. Yeah. The first ever drone delivered kidney. It was a test flight conducted by researchers of the university of Maryland the drunk carried a refrigerated box with a bio sensor to monitor the organ flight. It was a three mile trip at forty two miles an hour and didn't have to deal with traffic or traffic lights, pretty impressive technology. PW says the global market for drones is a hundred twenty seven billion dollars the association for unmanned vehicle systems says the economy will create for drones alone a hundred thousand jobs in the US over the next six years. Do you suppose they're any kids anywhere in this country majoring in drones at college? Maybe they ought to be and drones are just one form of self driving vehicle. Carmakers are doing a lot more than just drone technology. They're going to be spending.

WalMart Packers Rick Eshelman Comcast Heff Forbes Kroger FINRA South Pacific SEC university of Maryland Deloite Golden State foods IBM US
"rick eshelman" Discussed on KGO 810

KGO 810

05:41 min | 3 years ago

"rick eshelman" Discussed on KGO 810

"Now, here's Rick Eshelman. Welcome back to the wreck element show. Thanks for hanging around this half hour last segment. We talked a lot about lock chain distributed ledger technology and bitcoin theory and crypto assets, digital assets, etc. Was a chat a little bit more about it. Forbes it's becoming such a big deal that Forbes has now created the blockchain fifty a list of big companies that are putting the technology to work in meaningful ways financial firms as you would imagine dominate the list, but be pay WalMart. Comcast they're on the list to Golden State foods is a McDonald's supplier, they make four hundred thousand hamburgers per hour. Again, four hundred thousand hamburgers per hour. They're using blockchain technology to track the location and temperature of its patties. They use radio frequency ID tags. The system can immediately alert them to conditions that might lead to spoilage and optimize inventory levels. By tracking. How much meat is isn't a truck or in a restaurant's freezer all of it in real time. Thanks to the blockchain Bumblebee as unveiled a blockchain to offer a complete transparency to its customers. You will soon. No longer have to take bumblebees word for it. When they tell you that the twelve ounce package of yellowfin tuna. You just bought wasn't fact caught by fishermen in the South Pacific and not by factory ship. The fishing crews the tuna processes the Packers. They're now entering their own data in real time on a blockchain created by Bumblebee. And by this summer Bumblebee will be sharing that information with retailers and customers you take the time to check. On the web. You'll be able to see exactly when that tuna was caught who caught it, and what ocean it came from and healthcare twenty percent of all the money spent in healthcare, we're talking seven hundred billion dollars a year is wasted because of inefficiencies well, guess what there's an outfit developing blockchain for healthcare providers. Oracle SAP, Amazon Deloite PW, see KPMG Ernst and young Taylor consultancy. They are all helping companies develop blockchain technology at Deloite. They have fourteen hundred full time employees who do nothing but blockchain that's quite an investment. IBM's blockchain has five hundred different client projects going on representing companies such as WalMart. Kroger. Nestle their trust chain is a consortium of companies in the supply chain for diamonds and jewellery the list goes on and on and on. And what are the feds doing about? All this. Well, FINRA has just announced the formation of the office. Of financial innovation to enhance. The regulators ability to identify understand and foster innovation in the financial markets. They planned to collaborate with the industry regulators and investors and the SEC is holding a fintech forum. They've got four panels one of them. Guess what distributed ledger technology innovations looking at what's going on with industry trends? So the regulators are all over this as well. But it's not just blockchain and digital assets. Like, bitcoin it goes so far beyond that with the advances in technology. How about drones you know, that a drone just to livered a kidney? Yeah. The first ever drone delivered kidney. It was a test flight conducted by researchers of the university of Maryland the drunk carry a refrigerated box with a biosensor to monitor the organ flight. It was a three mile trip at forty two miles an hour and didn't have to deal with traffic or traffic lights, pretty impressive technology. PWS's says the global market for drones is a hundred twenty seven billion dollars the association for unmanned vehicle systems says the economy will create for drones alone a hundred thousand jobs in the US over the next six years. Do you suppose they're any kids anywhere in this country majoring in drones at college? Maybe they ought to be and drones are just one form of self driving vehicle. Carmakers are doing a lot more than just drone technology. They're going to be spending over the next five years. Two hundred fifty billion dollars to develop more than two hundred electric cars. Two hundred different models. GM expects to sell one million electric cars by twenty twenty six. Volkswagen says it's going to have fifty electric models by twenty twenty-five BMW will have a dozen Renault. We'll have eight the International Energy Agency. She says thirty percent of all the cars in this country will be electric by twenty thirty by the way, where are you going to get your car charged? Oh, it's fine. Plug it in your garage, if you have one, but what if you're driving out of town, we're going to need thirty million public chargers. That's fifty times more than we have today. So guess what? Volkswagen Mercedes-Benz Ford BMW, they've all teamed up to build charging stations all across Europe. They're planning to do the same in the United States. Volkswagen says they're going to spend two billion dollars building charging stations in the US Porsche is working with BMW and Siemens to develop ultrafast charging because right now, I can take an hour or more to charge a car eighty percent of the charging today's done at homes or offices with the key is to do with electric vehicles. What we do with gas powered vehicles. Let you charge or refuel on the go wrong. We'll get there.

Volkswagen WalMart United States BMW Rick Eshelman Comcast Forbes Golden State foods Packers Kroger Deloite FINRA SEC university of Maryland South Pacific IBM
"rick eshelman" Discussed on WCBM 680 AM

WCBM 680 AM

02:13 min | 3 years ago

"rick eshelman" Discussed on WCBM 680 AM

"Now, here's Rick Eshelman. Welcome back to the program RIC Edelman here. Thanks for staying with us this half hour. There is a major new report that has been released from Georgetown center on education, and the workforce talking about the jobs that are going to exist. In the coming decade. The US economy is going to grow to one hundred sixty five million jobs says their analysis and check out this finding thirty six percent of all the new jobs in America will not require any education beyond high school. Do I need to say that again, we are spending way too much money sending children to colleges. They don't need to be attending to obtain degrees. They don't need to have to get jobs that aren't going to exist. We need to recognize that the education environment is antiquated. We need to understand that the economy is shifting. Thanks to exponential. Technologies and new innovations in the fields of robotics. Artificial intelligence three d printing big data nanotechnology biotechnology bioinformatics neuro science, financial technology, education technology, all of this means that the future is going to be different from anything we've ever experienced in the course of human history, and it translates directly and immediately to the types. Of jobs that are going to exist in the twenty twenties. The economy is growing will continue to grow says Georgetown's center on education, and the workforce more jobs than ever technology doesn't eliminate jobs it just changes them and one third of them won't require anything. More than a high school diploma. The jobs that are going to grow fastest healthcare community services and stem science technology, engineering and math the four.

RIC Edelman Rick Eshelman Georgetown center Georgetown US America thirty six percent
"rick eshelman" Discussed on WLS-AM 890

WLS-AM 890

02:27 min | 3 years ago

"rick eshelman" Discussed on WLS-AM 890

"Now, here's Rick Eshelman, very happy weekend to you. Welcome to the Rick Edelman show. We've got a lot to talk about on the program today, a lot of news and a big opportunity for you. I'm on you're tuning in for the program today. One of the biggest pieces of news that came out. You may not have been aware of it. Even if you live in the state of New Jersey, clearly if you don't live in New Jersey, I'm sure you didn't hear about it. But even I suspect a lot of Jerseyans didn't as well. The New Jersey bureau of securities has created a new regulation. They say it's going to take effect by July that will require that everyone, and anyone who provides investment recommendations is going to have to act as a fiduciary meaning the going to have to act in your best interest. This is something that no one else in the country mandates at present the department of labor attempted to issue a similar rule like this regarding retirement accounts. The courts threw that out. The SEC is developing a regulation that is similar, but it is still in the development stage. No state has taken such action as New Jersey. New Jersey's rule would require that brokers make recommendations without regard to their own interest or their company's interests financial or otherwise. And New Jersey goes a step further merely disclosing that a potential conflict exists is not enough and that throws in the face all of the legal, ease and boilerplate language that you find in contracts with financial advisers prospectuses and so on failure to adhere to the fiduciary standard for investment advice. As far as New Jersey is concerned says it would be a dishonest or unethical business practice. This is a huge step in favor of consumers and. New Jersey's not alone, Nevada, Maryland, New York, and Illinois also have proposed regulations underway that would do essentially the same thing. What would you guess is Wall Street's reaction to this? Well, Morgan Stanley and Wells Fargo have both said that if Nevada moves forward they're going to stop providing services in that state..

New Jersey Rick Eshelman fiduciary Rick Edelman New York Wells Fargo Nevada Morgan Stanley Jerseyans department of labor SEC Maryland Illinois
"rick eshelman" Discussed on KTRH

KTRH

02:01 min | 3 years ago

"rick eshelman" Discussed on KTRH

"Save money on gas every time you puff. The. If you drive you have to get gas right yet. Download the free get upside in pay less for gas than everyone else. Save up to twenty five cents a gallon. Every time you fill up use promo code four bonus twenty cents a gallon up so forty five cents a gallon on your I fill up. The site. That's promo code. Promo code Bank. Why are you still paying full price for gas? That's crazy yet. Download the get upside app right now and save up to twenty five cents a gallon cash back every time you use promo code Bank for an extra twenty cents a gallon up so forty five cents a gallon cash. Back on your I fill up the free. Yep. Promo code Bank. Got it. Good. The views expression on this program, necessarily, the views of this station. Content is for educational purposes only consulted financial advisor or conduct your own due diligence of investing calls a prescreened in the show was prerecorded earlier this week Rick is with element Financial Engines supported Financial Engines advisors LLC only investment advisor that furnishes this program. Barons has ranked it'll financial services is the number one independent advisory firm in the nation gone assets managed team size experience and regulatory record firm self nominate investor returns and experience or not considered. It'll mean combined with Financial Engines advisors in November two thousand eighteen. This is the Rick Edelman show. Financial Engines is the number one ranked investment advisor in the country by baron. Now, here's Rick Eshelman, very happy weekend to you're welcome to the Rick Edelman show in this post Valentine's Day weekend and a happy presidents day weekend. Hope your holiday was.

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"rick eshelman" Discussed on WTVN

WTVN

05:11 min | 3 years ago

"rick eshelman" Discussed on WTVN

"Now, here's Rick Eshelman. Welcome back to the Rick Edelman show. Thanks for hanging around this half hour. I'm Rick Edelman. Excuse me, sitting on my Perspective's. Oh, sorry. I wanna share with you a couple of anecdotes. We can often learn from other people's mistakes. There are two ways, you know, to gain knowledge right in life. You can either go through your own experiences or you can learn from other's experiences. And the latter is a whole lot cheaper. All lot easier whole lot faster than going through your own experiences yourself. So here's the first one guy has mutual funds at a mutual fund company. This is a true story, by the way, this was related to us by this guy. He he had money in mutual funds Atta mutual fund company, and he wanted to convert some of his IRA at naira account there. And he wanted to convert some of his IRA to a Roth IRA he used their website. He went onto their website. And he you know clicked away to make the changes and he thought when he entered the data he thought he was moving dollars. But in fact, he was moving shares. So instead of moving ten thousand dollars from his IRA to the Roth. He ended up moving three hundred thousand dollars. Well, he realized his mistake immediately. And so he called the mutual fund company on the phone using their eight hundred phone number. But he was told that they would not correct the trade even though it had just happened a couple of minutes ago, and he called us, and he said, you know, what I want to file a complaint with FINRA the financial industry. Regulatory authority FINRA regulates the mutual fund industry. And he's like I want to complain to FINRA well for for probably fifteen twenty years. I was an arbitrator with fenra. I was one of those judges who heard cases and dealt with complaints. I can tell you FINRA is unlikely to help here other than suggesting that you file an arbitration claim against the mutual fund company, and as a federal arbitrator based on the facts that this guy told us, I don't think he's gonna win. I mean, he did it on his own. He clicked the button to execute the trade, and the fact that he later had a regret even. So it was two minutes later. I don't know that the company has any legal obligation to him. I mean, you might argue out of goodwill. They should be willing to fix it. And I I certainly question that and so for that reason, I think he should go up the chain of command at the firm, you shouldn't go to fenra at least not right away. He should go to the manager in that branch office every time he reaches someone who says no to his demand. He should say I want to talk to your manager. And he should keep saying that all the way up to the CEO if needed. Because I believe this is a customer service issue. They've got the ability to fix it. If they choose to. And so I think you should go that route he also might consider going to the company's chat rooms, you know. There are a lot of these mutual fund companies that have users congregate on chat rooms on the internet. And they talk about whatever it is. They talk about and if he goes onto that chat room and talks about what happened in his situation. He might get commentary from other investors. And in fact, I'm willing to bet that the company monitors that chat room and the peer pressure might help. Incite the company to help him fix it. But the biggest moral of the story is that next time. He shouldn't try to do this on his own if he had gone to a financial adviser and said the financial advisor, here's what I want to do allowing the advisor to execute. It for him not only with the adviser most likely have done it, right? The advisor would own the liability. If the thing went wrong. It's kind of similar with doing your own taxes. If you do your own taxes, and you get audited, you're on your own. If you end up owning interest or penalties you're on your own. But if you have a professional tax preparer, a CPA or an enrolled agent or a tax attorney, do your tax return, and you end up getting audited, and you end up with penalties that professional will pay those penalties because they're standing behind their work when you do things on your own. Well, you know, bad things can happen. Here's another case study. This one is sad there really no winners here. But at least on one sense it turned up better than it. Otherwise might have this was a client of ours, by the way, but she just shared the story with us. She's seventy two years old and accidentally ran over a woman in a grocery store parking lot. This was just awful. The woman that was run over survived. She had significant injuries. But thank thankfully, she she survived. But as you can imagine our client was just devastated at at having caused these injuries. And she was also worried that there was going to be a big lawsuit. As a result of this. This particular clients got life savings of about a million dollars. And was like, oh my goodness. Is it possible that I'm going to get sued, and I'm gonna have to write a check for a million bucks..

FINRA Rick Edelman advisor Rick Eshelman Roth naira Atta CEO attorney three hundred thousand dollars fifteen twenty years ten thousand dollars seventy two years million dollars two minutes