Showing posts with label fisher capital management scam prevention news. Show all posts
Showing posts with label fisher capital management scam prevention news. Show all posts

Monday, October 24, 2011

BOILER ROOM (R) : Fisher Capital Management : Zimbio


Ben Affleck and Giovanni Ribisi in "Boiler Room."
Boiler Room
BY ROGER EBERT / February 18, 2000

 

cast & credits
Seth: Giovanni Ribisi
Chris: Vin Diesel
Abby: Nia Long
Greg: Nicky Katt

New Line Presents A Film Written And Directed By Ben Younger. Running Time: 119 Minutes. Rated R (For Strong Language And Some Drug Content).


"Boiler Room" tells the story of a 19-year-old named Seth who makes a nice income running an illegal casino in his apartment. His dad, a judge, finds out about it and raises holy hell. So the kid gets a daytime job as a broker with a Long Island, N.Y., bucket shop that sells worthless or dubious stock with high-pressure telephone tactics. When he was running his casino, Seth muses, at least he was providing a product that his customers wanted.

The movie is the writing and directing debut of Ben Younger, a 29-year-old who says he interviewed a lot of brokers while writing the screenplay. I believe him. The movie hums with authenticity, and knows a lot about the cultlike power of a company that promises to turn its trainees into millionaires, and certainly turns them into efficient phone salesmen.

No experience is necessary at J.T. Marlin: "We don't hire brokers here--we train new ones," snarls Jim (Ben Affleck), already a millionaire, who gives new recruits a hard-edged introductory lecture crammed with obscenities and challenges to their manhood. "Did you see `Glengarry Glen Ross'?" he asks them. He certainly has. Mamet's portrait of high-pressure real estate salesmen is like a bible in this culture, and a guy like Jim doesn't see the message, only the style. (Younger himself observes that Jim, giving his savage pep talks, not only learned his style from Alec Baldwin's scenes in "Glengarry" but wants to be Baldwin.) The film's narrator is Seth Davis (Giovanni Ribisi), an unprepossessing young man with a bad suit who learns in a short time to separate suckers from their money with telephone fantasies about hot stocks and IPOs. Everybody wants to be a millionaire right now, he observes. Ironically, the dream of wealth he's selling with his cold calls is the same one J.T. Marlin is selling him.

In the phone war room with Seth are several other brokers, including the successful Chris (Vin Diesel) and Greg (Nicky Katt), who exchange anti-Jewish and Italian slurs almost as if it's expected of them. At night the guys go out, get drunk and sometimes get in fights with brokers from other houses. The kids gambling in Seth's apartment were better behaved. We observe that both gamblers and stockbrokers bet their money on a future outcome, but as a gambler you pay the house nut, while as a broker you collect the house nut. Professional gamblers claim they do not depend on luck but on an understanding of the odds and prudent money management. Investors believe much the same thing. Of course, nobody ever claims luck has nothing to do with it unless luck has something to do with it.

The movie has the high-octane feel of real life, closely observed. It's made more interesting because Seth isn't a slickster like Michael Douglas or Charlie Sheen in "Wall Street" (a movie these guys know by heart), but an uncertain, untested young man who stands in the shadow of his father the judge (Ron Rifkin) who, he thinks, is always judging him.

The tension between Seth and the judge is one of the best things in the film--especially in Rifkin's quiet, clear power in scenes where he lays down the law. When Seth refers to their relationship, his dad says: "Relationship? What relationship? I'm not your girlfriend. Relationships are your mother's shtick. I'm your father." A relationship does grow in the film, however, between Seth and Abby (Nia Long), the receptionist, and although it eventually has a lot to do with the plot, what I admired was the way Younger writes their scenes so that they actually share hopes, dreams, backgrounds and insecurities instead of falling into automatic movie passion. When she touches his hand, it is at the end of a scene during which she empathizes with him.

Because of the routine racism at the firm, Seth observes it must not be a comfortable place for a black woman to work. Abby points out she makes $80,000 a year and is supporting a sick mother. Case closed, with no long anguished dramaturgy over interracial dating; they like each other and have evolved beyond racial walls. Younger's handling of their scenes shames movies where the woman exists only to be the other person in the sex scene.

The acting is good all around. A few days ago I saw Vin Diesel as a vicious prisoner in the space opera "Pitch Black," and now here he is, still tough, still with the shaved head, but now the only guy at the brokerage that Seth really likes, and trusts enough to appeal to. Diesel is interesting. Something will come of him.

"Boiler Room" isn't perfect. The film's ending is a little too busy; it's too contrived the way Abby doesn't tell Seth something he needs to know; there's a scene where a man calls her by name and Seth leaps to a conclusion when in fact that man would have every reason to know her name; and I am still not sure exactly what kind of a deal Seth was trying to talk his father into in their crucial evening meeting. But those are all thoughts I had afterward. During the movie I was wound up with tension and involvement, all the more so because the characters are all complex and guilty, the good as well as the bad, and we can understand why everyone in the movie does what they do. Would we? Depends.

Thursday, September 8, 2011

Fisher Capital Management Scam Prevention News Fraud Unit: Gas saving gimmicks

Wed Sep 07 17:20:27 PDT 2011

Fraud Unit: Gas saving gimmicks

The Better Business Bureau is warning consumers about devices that claim to save gas in your vehicle, but only cost you money. view full article
fox11az.com
Posted on September 7, 2011 at 5:20 PM
Updated today at 10:58 AM


The Better Business Bureau is warning consumers about devices that claim to save gas in your vehicle, but only cost you money.
Gasoline prices have risen well above $4.00 a gallon in most every state across the country. The average U.S. family with two drivers is now paying nearly $1,000 more annually for gas than they were just two years ago according to a recent study by research gurus, Sperling’s BestPlaces.
Although there are practical steps you can take to increase gas mileage, Better Business Bureau of Southern Arizona warns consumers to be wary of gas-saving claims that empty your wallet, instead of saving you fuel.
Many websites make unbelievable claims for various aftermarket automotive devices (fuel-line magnets, air bleed devices and retrofit gadgets) and oil and gasoline additives that supposedly increase gas mileage for automobiles. The Federal Trade Commission found many of these claims to be either false or overly exaggerated.
Angela Pratt, co-owner of Dan’s Toy Shop in Tucson said they have had customers come to their shop with various aftermarket devices on their cars.
“Usually what happens is the device restricts airflow to the engine, and the check engine light comes on as a consequence,” Pratt told BBB. “As far as helping gas mileage, it either doesn’t do anything or could even make it worse.”
Pratt said that if consumer’s want better gas mileage the best thing to do is use a higher octane gas, noting that drivers with six and eight cylinder engines would more than make up for the extra cost of the gas with improved mileage.
Pratt said that drivers who place aftermarket devices on their cars to save gas are fighting a losing battle.
“The newer vehicles are electronically tuned to get maximum gas mileage” she said. “Even the smallest alterations can throw a car’s computer system off.”
Before adding any fuel savings device to your vehicle, check with your mechanic. You may end up with a voided manufacturer’s warranty and serious engine problems by adding after market devices to your engine.
What you spend at the pump is influenced by how you drive and what type of gasoline you use to fill your tank. Here are some tips on what you can do to save fuel:
  • Keep your engine tuned. Studies have shown that a poorly tuned engine can increase fuel consumption by as much as 10 to 20 percent depending on a car’s condition. Follow the recommended maintenance schedule in your owner’s manual; you will save fuel and your car will run better and last longer.
  • Don’t let your engine run at idle any longer than necessary. An engine actually warms up faster while driving. With most gasoline engines, it is more efficient to turn off the engine than to idle for any period longer than 30 seconds.
  • Drive more efficiently. Stay within the posted speed limits. The faster you drive the more fuel you use. Set your cruise control on highway trips. This can help maintain a constant speed and, in most cases, reduce your fuel consumption.
  • Keep your tires properly inflated and aligned. Automobile manufacturers must place a label in the car stating the correct tire pressure. If the label lists a psi (pounds per square inch) range, use the higher number to maximize your fuel efficiency.
  • Anticipate the driving condition. Driving smoothly and steadily makes the best use of your fuel. If you can, avoid sudden acceleration or braking.
  • Change your oil and replace air filters regularly. Clean oil reduces wear caused by friction between moving parts and removes harmful substances from the engine. Your air filter keeps impurities in the air from damaging internal engine components.