The New York Federal Reserve houses the world’s largest amount of gold in its vault. In that Wall Street building, there is a staggering 6,194 tons of gold. That amounts to 496,950 bars worth of hundreds of billions of gold.
The No Barriers summit was held in New York City on October 5th and 6th. This inspirational event is for everyone no matter what they are facing so that they can “unleash their potential.” As Co-founder Erik Weihenmaker said:
“I think the culmination of our journey is not when we stand on top of our summits pounding our chest saying look at me. I think the real culmination is when we come down the mountain and we take the gifts that we have earned and we use them to motivate our lives and our communities and our families…and the world. That’s just the beginning…most importantly we do it to celebrate this life that we call No Barriers.”
In this video, you can get just a small feel for what transpired there.
Happening today, is a discussion held by executive management at South State Corporation (SSB). Entitled Investor Day, this event – starting at 11am – will center around corporate strategies of the corporation as well as their financial performance. It will provide a good insight for institutional investors. While the actual event is invitation only, others can pick it up live via the website or 1-409-217-8783/ toll free 1-866-688-2179 (conference ID: #3473637).
The focus is guidance for investors, analyzing risk and minimizing uncertainties and flux. Certain factors – market conditions, expectations, timing, and more related to these conditions, business plan executions, geopolitical developments, natural disasters and more – can and do regularly impact the change in results from those that are predicted. As such, the SSB has an obligation disclaimer on updating of statements.
Another conference happening today is hosted by next-generation networking solutions company ADTRAN. Now in its 5th year, the annual Cowen and Company Networking & Cybersecurity Summit is also happening today in New York. Starting at 8am, the event takes place at Lotte New York Palace. Items discussed are similar to those above and include: risks and uncertainties; fiscal situation; results of operation, and more.
In this video, a review of the top 10 booths to check out at the National Associations of Broadcasters Show.
Last month, the Compassionate Care Mission led its first mission to Lebanon. The volunteer group of US doctors and academics created this organization “to provide compassionate medical care to refugees and vulnerable host communities.” Over 20 volunteers participated in the July trip. Three of the emergency specialists were: Josyann Abisaab, M.D. (an emergency medicine physician at New York Presbyterian Hospital/Weill Cornell Medicine); Rana Biary, M.D. (an emergency medicine physician and toxicologist at New York University Langone Health) and Christian Wilson, M.D. (an internal medicine physician at Apogee Physicians).
Working in conjunction with various international NGOs, this team of dedicated individuals felt “helpless” at the devastation caused by the war in Syria. As such, it created a volunteer-based mission – with the support of the Syrian American Medical Society (SAMS) – to bring much needed medical relief, aid and pharmaceuticals to those in Lebanon. Educating those on illness prevention in underserved communities was also a part of the trip.
All medical missions require a whole slew of doctors with different specialties. The mission was fortunate to have the following emergency medical on its team, including: Dr. Josyann Abisaab, Dr. Cecilia Sorenson, Dr. Martin Pusic, Dr. Fereshti Sani and others. Other specialty US doctors in the fields of: internal medicine, pediatrics, hospice care, and molecular biology were a crucial element in this mission.
After the care follow up, more missions will be planned. It is hoped that additional expert medical volunteers from the US will also be recruited.
South African diplomats expressed gratitude to New Yorkers and the City of New York as they marked Freedom Day. In this SABC Digital News video, we learn of the appreciation South Africans expressed at the support of the community around the world in the role it played in eliminating apartheid.
Around 200 people assembled to mark the day in NY which was attended by Sherwin Bryce-Pease, Chef de Cabinet to Antonio Gutteres UN Secretary General Maria Luiza Viotti, South African model and Miss Universe Demi-Leigh Nel Peters, Aziz Pahad, Johannesburg West Highlands MP.
With self-driving cars stealing a lot of car-lovers’ attention, one show stopper was the Genesis Essentia. This has actually been in the works since shortly after last year’s Auto Show with a design team led by Luc Donckerwolke. With its “fully retro-futuristic bubble roof,” it definitely commanded a lot of stares.
But that’s not all. Featuring over four floors of displays spanning international automakers, close to a thousand vehicles were displayed at “North America’s first and largest-attended auto show dating back to 1900.” Held at the Jacob Javits Convention Center, from Friday March 30 to Sunday April 8, a $3 million Bugatti was among the most expensive vehicles featured.
$28m has been invested into data-engineering technology firm Duco by Insight Venture Partners, NEX Opportunities and Eight Roads Ventures. Cristóbal Conde entrepreneur also contributed to this fund, of which the lifetime entrepreneur said:
“I am delighted to be deepening my relationship with Duco at this important inflection point for the company. Re-conciliation in financial services, and particularly in banks and large asset managers, is an area that requires a shake-up and re-engineering in the coming years. Duco is focused on bringing technological advancements to market in an industry that is ripe for disruption. The company is taking significant market share and will emerge as a household name in the coming years.”
Shares of their New York Mortgage Trust (NASDAQ:NYMT) were just lowered by Zacks Investments Research. The shift was made from a buy rating to a hold rating. The explanation for the move was given by Zacks as follows:
“New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary.”
According to Founder and CEO of BlackRock Laurence D. Fink, companies “need to do more than make profits.” To get the support of BlackRock, they will have to “contribute to society as well.” He added: “Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”
Fink added that governments have to start preparing for the future, with a special emphasis on retirement, infrastructure, automation and worker retraining.
Apparently this works both ways. In a recent video in Entrepreneur, contributor Greg Rollett argued that: “The entrepreneurs who find massive success are the ones who are part of communities that encourage them, help them and give them an edge.”
When looking at Dime Community Bank, it seems that this advice has already been implemented. Given that the NY-headquartered-company, has 400+ employees, providing service throughout NYC’s five boroughs, as well as the surrounding metropolitan area in 28 communities and neighborhoods. Dime’s Board of Directors asserted that it seeks to “get the tax savings back into the economy while acting in the best interests of all of Dime’s stakeholders.” As such, it intends to engage in the following activities to stimulate economic growth.
These include: establishment of jobs, review of corporate policies and practices, paying $1,000 bonus to all non-executive employees, the institution of a Corporate Matching Gift program, continuation of the #dimesgiveback social media campaign.
And what type of tree should you buy exactly? Choose from one of these if you are in New York; they seem to be the most popular: Frasier Fir (popular in the streets of NYC), Balsam Fir (spacious branches and very aromatic); Noble Fir (most regal and festive) and Nordmann Fir (pricey but extremely elegant).
And how much will this set you back? Apparently anywhere between $35 and $200, depending on its size (for New York apartments, 5-6 feet tall seems standard). Check out local garden stores and local playgrounds with vendors and you’ll really feel like you are getting into the holiday spirit.
In general most of the trees that end up in NYC for sale hail from Michigan, North Carolina, Oregon and Pennsylvania. But those from Michigan might just be pricier this year: Christmas tree farms across northern Michigan are working to ship trees across the country.