Financial Focus: Doing the Math on Ranked-Choice Voting

Neighborhood Notes: Free Immigration Service

By PROFESSOR ANTHONY RIVIECCIO, MBA, PFA

Over the course of the last several years in New York City we have seen a moving change in our citizens and the way they are voting. We have become, as some would say, much more progressive than in any time in our city governance. Others would say we are going back in time! Yes, an oxymoronic moment has taken place this election season! We have gone back to the future! Think of Abbott and Costello’s “13 x 7= 28” bit (or go to YouTube). But the following math really does add up to 28, and it’s called ranked-choice voting.

By DAVID CRUZ

Dear Fellow Readers, The year’s twenty-second edition of the Norwood News is out with plenty of community news stories to read and share. We have 28 pages packed full of news from this corner of the Bronx, so let’s start with page one! Our top story focuses on what’s happening at Bronx Community Charter School on Webster Avenue. There, students took on an ambitious project to understand the neighborhood of Norwood, the players and the issues. Read about one student, Blessing Owusu, who delved deeply into the controversial topic of gentrification. It’s a true story of the power of community

Opinion: A Love Letter to the Bronx Should Serve as an Inspiration

By DAVID CRUZ

For anyone who hasn’t had the chance to catch HBO’s documentary, The Bronx, USA, I have two words: see it. For 90 minutes you’ll be spellbound by the essence of the Bronx, captured beautifully in this dazzling documentary that follows famed Seinfeld producer George “Georgie” Shapiro, and his Bronx buddy Carl Golub, who travel back to Norwood, embracing its halcyon past. The documentary is a parallel story of sorts, with a portion of the documentary dedicated to Shapiro’s adolescent days in Norwood (strangely, the neighborhood isn’t referred to as Norwood, but “the neighborhood”) and the other to a group of

Inquiring Photographer: Early Voting in New York City

By DAVID GREENE

This week we asked readers their thoughts on early voting, allowing them several days to cast a ballot ahead of Election Day. I was aware of it, and I think it will help a lot of people. I’m used to going on Election Day; I’ve been doing it for 40 years, so I will continue to do it on Election Day. But it’s convenient for some people who can’t vote because it’s late, or they rush, or some people don’t take it seriously. Now some people will say they have time before the big day, so it’s convenient. Melvin Roseborough

By PROF. ANTHONY RIVIECCIO, MBA PFA

“Money, sex. Those are the two most private things for most people,” so when trying to win new clients you need to be careful, said Mr. Kenneth Fisher, founder and chairman of Fisher Investments, according to a report by Business Insider. He said, “It’s like going up to a girl in a bar … going up to a woman in a bar and saying, hey, I want to talk about what’s in your pants.” Yep, Mr. Fisher said that! He said this too, according to a recording obtained by CNBC: “I mean the, the most stupid thing you can do,

Latest Edition of the Norwood News is Out!

By DAVID CRUZ

Dear Fellow Readers, The year’s twenty-first edition of the Norwood News is out with plenty of community news stories to read and share. We have 24 pages packed full of news from this corner of the Bronx, so let’s start with page one! Our top story focuses on a fatal police-involved shooting, with a sergeant from the 52nd Precinct shooting a driver during a traffic stop that spiraled out of control. Now the family of the deceased driver, Allan Feliz, is suing. Read why the attorney for the family believes they have a case. Inside the cover you’ll read a

By DAVID CRUZ

Dear Fellow Readers, The year’s twentieth edition of the Norwood News is out with plenty of interesting community news stories to read and share. We have 28 pages packed full of news from this corner of the Bronx, so let’s start with page one! Our top story focuses on an impending sewer rehabilitation project that’s expected to make commuting in Norwood even more problematic. The New York City Department of Design and Construction says the project on Bainbridge Avenue near East Gun Hill Road–an already tough intersection–will last upwards of a year. We ask folks living in Norwood what they thought

By PROFESSOR ANTHONY RIVIECCO, MBA PFA

It’s been nearly 100 years in the making. For over 90 years, if one wanted to experiment with the financial markets, all one had to do was call their non-salaried “broker,” place a trade, charge a commission, and off you go. Until the commissions became too high. Then, by the revolution of financial planning in the 1990s, Wall Street mucky mucks came up with another idea: clients would pay financial “brokers” a fee for constructing portfolios and financial planning, typically a percentage of assets under management, and custodians collected interest on clients cash and margin, distribution fees from mutual funds and,

By PROF. ANTHONY RIVIECCIO, MBA, PFA

I have always believed that the growth of government, in regard to social services, is irrelevant. However, I am a strong advocate on how specifically it is used. Some countries like The European Union treat social service payments differently than we do. The Working Family Payment in Europe, for example, works by giving a tax-free payment each week, to people on low incomes who have at least one child who lives with them and is financially dependent on them. The payment is linked to the number of children you have and the income you are in receipt of. If your income is less