Konrad von Finckenstein, the chairman of federal telecommunications and broadcasting regulator is expected to inform government officials Tuesday he will not seek another term.

“He’s expected to meet meet with them and [tell] them,” a person close to the chairman’s thinking said.

A letter to staffers obtained by the National Post also confirms Mr. von Finckenstein’s intentions to leave the Canadian Radio-television and Telecommunications Commission in January at the end of his five-year term.

In the letter, the chairman said a notice will soon be published to solicit interest from candidates for his post.

Mr. von Fincke

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Despite challenges, Dodd-Frank financial reform continues to do its job creating a climate in which the best interests of consumers take precedence over the best interest of big banks. This week, Moodys announced its credit rating downgrade of three major U.S. banks, based largely on the impact of Dodd-Frank.

As reported by The Wall Street Journal, after a three-month review, Moodys downgraded:

• Bank of Americas long-term rating to Baa1, just three steps above a junk credit rating
• Wells Fargos long-term rating to A1, down a notch from A2 and down significantly from the AAA rating it enjoyed before the financial crisis, the only U.S. bank to hold such a distinction
• Citigroups short-term rating to Prime-2, down a notch from Prime 1

How did Dodd-Frank financial reform influence Moodys decision?

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This excerpt from the special video issue of the August Elliott Wave Theorist brings you Bob Prechter’s analysis of the triple top that has been forming in the U.S. sto

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Most kids of today’s generation want to meet Mickey Mouse in person or pose a picture with Snow White. There’s no better way to make a child happy than to bring her to the Disneyland. Here you are working hard and starting your own family and you promised your kids a treat at the Disneyland. You already have saved enough for the trip yet you still want to cut on the cost without sacrificing the quality of your Disneyland vacation. Here are some practical ways to save money on your Disneyland vacation.

First, determine the budget that you can afford to spend in the vacation. Don’t just go to Disneyland with the money without a budget. Place a budget of the entire trip. The budget will include the rides, souvenirs and accommodation and the cost of the trip going back and forth. When you already have the budget, you can work hard to get the exact amount of budget. Durin Read full post…

Pro football players may be some of the highest-paid athletes in the country, but having lots of cash does not equal having money sense. Even though a talented player might score as much as a few million dollars per season, it’s becoming more and more common for football players to declare bankruptcy. Why are so many in debt? Whether their financial situation is due to bad investments or supporting an entourage, there is an explanation behind every Chapter 7.

Double Foul: The Statistics of Bankruptcy

Let’s begin by looking at the statistics surrounding bankruptcy. First, the average career of a pro player is approximately three years. On average, a player makes a million dollars a year. That breaks down to an average play salary of $35,000 per game. 65% of players leave the game due to career-ending injuries, and 320 veteran players lose their jobs every year. Eve

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A recent paper sponsored by the Society of actuaries provides an impressive and comprehensive review of retirement income-related research. 

The paper, titled Research and Reality – A Literature Review on Drawing Down Retirement Financial Savings, can be accessed by clicking here. 

Not surprisingly, the authors conclude that there is a significant gap between what is prescribed by theorists and what ends-up happening in reality.  Voluntary Read full post…

New Faces Development. At New Faces, we scout, develop and promote, models and actors, bringing out their potential and maximizing their talent. A handsome or beautiful face is one in a million without the proper development. Industry professionals work with neophyte models to teach them the skills and tools that will make for a long and fruitful career on the runway. Our scouts are constantly on the lookout for raw talent to develop. Potential can be found in the way someone looks, walks, moves or laughs. It is our job as development professionals to recognize talent and bring it to the forefront of New Faces Development Center.