#prudential

[thepopculturearchivist]

The stakes were higher back then. LITERARY DIGEST, April 6, 1929

[nickdewolfarchive]

boston, massachusetts 1971

view from boston common

photograph by nick dewolf https://www.flickr.com/photos/dboo/26476326474/

[timmurleyart]

The Prudential 2025. 🌃🎉🥂🎊

[nsemkekanews]

Prudential Bank CIO calls for domestication of AI tools to reflect African culture and linguistics

Prudential Bank CIO calls for domestication of AI tools to reflect African culture and linguistics The Chief Information Officer (CIO) at Prudential Bank, Leopold Armah, is calling on technology engineers in Africa and across the developing world to initiate steps toward domesticating Artificial intelligence (AI) technology by gradually developing local use cases considering linguistics and…

[gregoryburrus]

December 9, 2024 – Newark, NJ –The Prudential presents North to Shore Festival will return June  2025 to kick off the Garden State summer with another three-city celebration of the arts,  entertainment, and new ideas.  Conceived by Governor Phil Murphy and First Lady Tammy Murphy, the Prudential presents North  to Shore Festival aims to spotlight New Jersey’s role as a destination for the arts…

[baddawgsports]

Hannah Miller Shines in Toronto’s Victory Over Sirens

Newark, NJ— The Sirens entered the night on the third-longest losing streak in the franchise’s history, dating back to the original WNHL. The record is eight, held by Howie Draper the team’s first coach in the PWHL. Greg Fargo’s team sits at five straight. The team got Alex Carpenter back tonight, but, the big question is will it be enough? The team is currently in last place and eight points out…

[cherryblossomshadow]

Speaking Plainly About Who Is Robbing You

Hamilton Nolan

People who are saving money for retirement often seek out professional financial advice … What many professional financial advisers do instead, however, is to advise people to do things that will benefit the financial adviser … It is a form of legalized robbery, of polite fraud.

.

The Biden administration tried to make this illegal. In April, the Labor Department finalized a rule that would require retirement advisers to be fiduciaries, meaning that they would be legally required to act in their clients’ best interests.

It would make it illegal for advisers to rip their clients off.

Many people probably assume that it is already illegal for their financial advisers to rip them off.

It is not. 

.

Of course, the Retiree Robbery Industry was quite opposed to this new rule that would prevent them from robbing you.

“The lobbying group ACLI — whose board of directors includes executives from Prudential, Lincoln Financial and New York Life — argued in January that the government threatened to create an ‘impermissible barrier’ between savers and advisers,” the Post reports. “An allied industry group — the Federation of Americans for Consumer Choice, or FACC — argued that the rules would be ‘potentially devastating for the insurance industry,’ particularly because they could restrict agents’ commissions.”

“For Americans who choose to invest in annuities, the rules could save them about $32.5 billion over the next 10 years,” says the Post. That $32.5 billion can either go to you or to the advisers ripping you off. That is what this is about.

.

Because this issue touches on issues that can be made to seem esoteric and hard to understand—as soon as you say the word “fiduciary,” it sounds like you are talking about something that requires some serious financial expertise—it has flown under the radar of the general public. That could be remedied somewhat if we just spoke about this issue in plain and direct terms. Republicans who have been paid off are trying to ensure that an industry that exists to rob you can continue robbing you. That is what is happening here.

.

This is one of the best examples you will ever find of a common thing: An outrage that persists only because people don’t really understand it. And why don’t people understand it? Because keeping it obscured is a key to its continued existence.

“Pay me to rip you off!” is not a compelling advertisement.

This is a case where the media can actually be helpful. We can speak plainly about what all of this is.

This is a scam where Wall Street takes a piece of your savings for nothing.

They are robbing you.

Politicians who are in their pockets are helping them.

.

All in all it is a pretty good picture of How Things Work. The mechanisms of oppression are easy to see here. The way that money is made dishonestly and then invested back into a system that protects the continued operation of the scam is shown here in stark relief. Notably, nothing at all would be different about this story if we were discussing instead racketeers running numbers who paid off the police and politicians to protect themselves, except for the legality in question. Morally and operationally, it is the same.

.

It is common for people to think of contentious political issues as things that people differ on due to deep in unbridgeable ideological divides. Abortion, gun control, LGBTQ rights, racism—these are things that people have strong feelings on, but we assume that those feelings are products of our upbringings and cultural experiences and you can see how, if your life had been different, and you had been brought up differently, you might have landed on the other side. Much of the tendency of people to call for “civility” in politics is due to the implicit belief that most political beliefs are just natural outgrowths of our own life experiences and therefore we should be understanding of those whose experiences happened to be different from our own.

This is not that.

This is just power. This is material politics. The division of spoils. Powerful groups use their power to get money and they use their money to protect their grift. In this case, the grift is ripping off people’s retirement savings.

When clearly understood, there are not two equally legitimate sides to this issue. There is only, on one side, the robbers, and on the other side, the people who are getting robbed. The government will ultimately weigh in on one side or the other.

.

The next time you get tempted to bow to the politesse of “We may disagree but we must all respect one another,” please remember this. This is the bulk of what happens in politics. Interest groups looking out for their own interests. All interests are not equally righteous. For example, one interest may be “Skim money away from regular people’s savings by posing as advisers who will help them,” and one opposing interest may be “Protect people from being ripped off.”

There is a right and wrong answer here.

It is not so much that the politicians on the other side of this issue think differently about the path to economic prosperity for all; it is that they are corrupt. They are okay allowing you to be ripped off because the continuation of that grift can be in their own personal interests.

Again, we all benefit from speaking plainly about this. Acquiescing to speak about things in bullshit word salad is a primary reason why this corruption can continue for so long.

.

Should this make you cynical?

No, it should make you demand campaign finance reform.

In order to stop this mechanism we must cut off the flow of money from the Ripoff Industries to the politicians. Until then, this goes on and on and on.

[danielbrown01uk]

Prudential (LON:PRU) An Overview Of Recent Market Trends

Prudential (LON:PRU), a prominent player in the financial services sector, continues to focus on its operations across Asia, Africa, and the US. The company’s efforts in driving innovation and expanding its reach highlight its strategic approach. Stay updated on the latest trends and developments shaping Prudential’s market journey.

[bogorexpose]

PAUD di Gunung Putri Bogor Diperbaiki Prudential

BOGOR – Sejumlah sarana dan prasarana pendidikan di Desa Gunung Putri, Kabupaten Bogor diperbaiki PT Prudential Sharia Life Assurance (Prudential Syariah) dan PT Prudential Life Assurance (Prudential Indonesia). Untuk memastikan fasilitas belajar yang lebih memadai dan layak bagi anak, renovasi terhadap sekolah Pendidikan Anak Usia Dini (PAUD) ini pun direnovasi langsung oleh karyawan Prudential…

[scripture-pictures]

[usnewsper-business]

Prudential's Growth Slows, Misses Expectations, But Remains Optimistic #financialservices #insurancecompany #netincome #Prudential #Revenuegrowth

[nininmenulis]

Cara Cerdas Mencari Asuransi Kesehatan yang Tepat untuk Pemula

NININMENULIS.COM – Dapat dibilang kita termasuk generasi beruntung karena tinggal di masa yang semuanya serba mudah. Kemajuan teknologi sudah di genggaman tangan. Bisa diakses kapan dan dimana saja. Semua dapat dilakukan hanya dalam hitungan detik, mulai dari transaksi keuangan hingga membeli asuransi kesehatan semudah belanja online. Kita pun bisa langsung merasakan manfaat asuransi kesehatan…

[nickdewolfarchive]

boston, massachusetts 1971

construction of the christian science administration building

photograph by nick dewolf https://www.flickr.com/photos/dboo/434034326

[nsemkekanews]

Prudential Bank CIO calls for domestication of AI tools to reflect African culture, linguistics - Nsemkeka

Prudential Bank CIO calls for domestication of AI tools to reflect African culture, linguistics – Nsemkeka The Chief Information Officer (CIO) at Prudential Bank, Leopold Armah, is calling on technology engineers in Africa and across the developing world to initiate steps toward domesticating Artificial intelligence (AI) technology by gradually developing local use cases considering linguistics…

[formulanni]

Head in the clouds

Tag list: @st-leclerc @rubywingsracing @saviour-of-lord @three-days-time @the-wall-is-my-goal @albonoooo @ch3rubd0lls @brawngp2009 @korolrezni-nikolai @d00dlespng @juwaiin

[newarknjhijrah]

Downtown, Newark, NJ Near The Prudential Center