February 24, 2015

Obama Wants Rules That Force Brokers To Put Clients' Interests First -- NPR's the two-way

President Obama wants to change the way brokers and investment advisers offer financial advice, saying the current system leads to high fees that erode returns on investments.

At present, brokers work under the suitability standard. This, in essence, means that while making a recommendation, brokers must reasonably believe that a product is "suitable" for a client. The Obama administration wants to change that. It wants to impose what is known as a fiduciary duty on brokers. That means the brokers would have to put their clients' interests over their own.

This, the administration says, would prevent financial advisers from steering clients to investments with high costs, hidden fees and low returns. -- 2/23/2015

 

New Mexico bill aims to create board and fund to eradicate bullyingLas Cruces Sun News

A committee of New Mexico lawmakers has approved an anti-bullying bill spurred by the 2013 suicide of a teenager who was bullied at school. Senate Bill 381 calls for the creation of a five-member board to oversee grant applications to eradicate bullying in New Mexico schools and colleges. It garnered bi-partisan support Monday in the Senate Rules Committee with a unanimous vote. The legislation, called the Carlos Vigil Memorial Act, would create a fund to be administered by the University Of New Mexico Board Of Regents. - - 2/24/15

 

Senate panel tables bill to allow adjunct teachers- - Las Cruces Sun News

Democratic state senators stopped Senate Bill 228 Monday night that would have allowed public schools to hire part-time adjunct teachers. This means another initiative on public education by Republicans is probably dead. The Republican-controlled House of Representatives last week had approved a bill for adjunct teachers on a 31-21 vote. - - 2/24/15

 

70th Anniversary Tour of the Trinity Nuclear Test SiteNew Mexico Museum of Space History

On July 16, 1945, a horrific explosion in the New Mexico desert marked the beginning of the end of World War II. The world’s first atomic bomb was detonated on that day at Trinity Site, on the north end of what is now White Sands Missile Range.

In recognition of the 70th anniversary of Trinity Site, the New Mexico Museum of Space History is hosting a motorcoach tour on Saturday, April 4. Museum curator Sue Taylor will accompany guests on the coach, giving an in-depth talk on the bomb, its history and the effect it had on the world. Once on site, guests enjoy a brown bag lunch and a guided walking tour with Sue. On the way back, Sue’s debriefing is highlighted with a special showing of the 1954 classic film The Atomic Kid starring Mickey Rooney. Once at the museum, guests will be treated to a guided tour followed by reserved seating for an exclusive showing of Trinity: The Atomic Bomb Movie in the Tombaugh Theater.