Economics

Stepping Stones Outlook

The recently completed third quarter reminded us that financial markets entail risk even as the
Federal Reserve continues to pursue its extraordinary monetary policies adopted during the
financial crisis seven years ago. The third 10% stock market correction since the bull market
emerged in 2009 came after a record stretch of time without one. However, the volatility was
minor compared to the Black Monday crash of October 19, 1987 which convinced President
Reagan to establish the President’s Working Group on Financial Markets. Comprised of the

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TO BUY OR TO GET BY?

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That is the question ...

Move your bank accounts to take advantage of perks and earn more interest
If you’re paying a monthly fee for your checking or savings account, you would benefit from researching some of newest banking offers out there. Not only do some banks offer sign-up bonuses simply for opening an account and setting up direct deposit, but some offer attractive interest rates to new customers as well.

Stepping Stones Management Commentary

These letters often stray from the rule to avoid politics and religion but they rarely venture into the

latter realm. However, one of the major stories of the just concluded second quarter was the papal

encyclical admonishing humanity for turning the earth, God’s creation, into “an immense pile of

filth.” In Laudato Si’ – Our Care For Our Common Home, Pope Francis is asking us to see our

world more like his namesake St. Francis of Assisi who viewed all of the earth’s plants, animals

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SUN OF A BEACH

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As we all know, on Memorial Day Weekend Americans celebrate and the kick-off of the summer beach season.

One NYC Beach we visited is Orchard Beach. It was created by Robert Moses in the 1930s as The Bronx's only public beach, which spans 1.1 miles and 115 acres.

Dining opportunities at Orchard Beach are limited. The promenade is failing, and while scaffolding has been constructed, there have been limited repairs. There are practically no restaurants, just concession stands.

City Images made several attempts to speak with the new NYC Parks Commissioner, but we were stonewalled.

SAIGON FALLS

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The fall of Saigon

A North Vietnamese tank rolls through the gate of the Presidential Palace in Saigon,
April 30, 1975, signifying the fall of South Vietnam.

From The Associated Press

Colleagues,

Today is the 40th anniversary of the fall of Saigon - a signature event in the history of the United States and one of those events seared into our country's collective memory.

INCOME INEQUALITY

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As voters we have more power over our country than we think. We must not be influenced into thinking what our politicians want us to think.

1) We must be willing to invest in building and electing politicians that have the best interest of the middle class. We need to build and support our own PAC's. It will take investing, but we are already leveraging credit and working endless hours to survive.

STOP Violence

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Current efforts to prevent violence especially against women and girls are inadequate. Estimates suggest that globally, 1 in 3 women has experienced either physical or sexual violence from their partner, and that 7% of women will experience sexual assault by a non-partner at some point in their lives.

NO MORE PSA CAMPAIGN "EXCUSES" :30: http://youtu.be/YTp-k5G_okY?list=PLRH4qMDKG2FHUm_VEtUkK2pXWdtJuzoeN … via @YouTube

Cyber Theft Protection

Submitted by ub on

This is expected to become Cyber Week as shoppers are extending the retail frenzy to include Thanksgiving week, but beware of identity thieves who are gearing up for their busy holiday season.

The following are some of the best ways to protect yourself from Better Business Bureau.

Lots of websites pop up around this time of year, offering deals you won’t find in the stores. The BBB suggests looking into the website to make sure you’re not falling into a scam. Some things to look out for:

Do they have a phone number and a physical address?

MUST SEE NY TV

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10 New York-produced prime-time television shows that are premiering next week for the fall season on CBS, NBC, ABC and FOX. The television shows have spent approximately $596 million combined on production in New York State, and hire more than 34,000 crew and extras. These 10 series premieres represents a significant increase in New York-based shows on air, as there are now more series airing this year than in all of 2013, which was a record-breaking year.

The following New York-based productions are premiering this fall:

CBS:
Madam Secretary (9/21 at 8:30 p.m.)