2010 Chicago Music Festivals - Something For Everyone It"s that time of year again. As spring settles in (albeit slowly), the summer music festival season in Denver is hard on its heels. We"ll be giving you a heads-up about some of these events as they approach-and we"ll start with the annual Westword Music Showcase, to be held June 22, 2013. What if another 9/11 event wristbands occurs? Will it be said it happened on Obama"s watch? Will he be blamed for things out of his control? What if President Obama follows UN direction and uses force in Darfur, or Somalia? Only time will tell, my friends. Trade indexes not individual stocks - Indexes generally have much lower volatility than individual stocks and for this reason, I rarely use this strategy on individual stocks. Using FFIV as a recent example, on one particular day, there was a negative news report and the stock dropped about 20%. While possible, it is incredibly rare that you would see an index fall by this much in a single day, but it occurs more regularly with individual stocks especially tech or small caps stocks. The bid-ask spread is also lower for indexes meaning you sport wristbands are not suffering a liquidity premium. Cold Souls: Rated for PG-13 for nudity and brief strong language. 97 mins. Full of angst, Paul Giamatti finds his solution in a company that promises to remove all stress, fear and worry by deep-freezing the soul and allowing customers to live angst-free. Giamatti"s soul is stolen and sold on black market to a Russian soap opera actress. In order to retrieve his soul, he must make his way to St. Petersberg and learn the real meaning of life along the way. Head to the beach. Many families say good-bye to summer by spending Labor Day weekend at Virginia Beach. The Verizon Wireless American festival wristbands will entertain people of all ages with oceanfront concerts, food and fun. Shows cost anywhere for $5 to $12, depending on whether an out-of-town group is playing, how popular the bands are, etc. If it"s a pretty big show, you can save a couple bucks by purchasing tickets online in advance. Some of the shows are all ages but, unfortunately, quite a few require attendees to be at least 21 years old. You can check their online calendar for specifics. Fishing is another popular pastime in Lorne. Beach fishing can be good but most anglers seem to prefer the Lorne pier where you can catch just about anything. Whiting and Flathead are a common catch and in winter you can get on to a school of Snapper. Squid can also be caught by jigging at the end of the pier. If you don"t have any luck there is no need to worry because the local fishing co-op is right near the pier and they do very good fish and chips. Wherever your Labor Day weekend plans take you, be careful on the road. Holiday traffic will be heavy and there"s construction around town and across the state.
Tan Yueheng, chairman of Bocom International, says he"s dedicated to making the firm recognized as a global investment bank. [Photo/China Daily]

For one recent blockbuster IPO deal, Bocom International was missing from the long list of bookrunners that covers almost everything concerning every major foreign and Chinese investment bank in town.

"Our research team thought it (the IPO company) was overvalued," says Tan Yueheng, chairman of Bocom International, without identifying the company.

He says Bocom"s "honest opinion" on that company"s valuation had made it lose some ground among its competitors.

In financial circles, the perceived general view is that the research division of an investment bank often plays second fiddle to other revenue-generating units, and in some cases, it"s forced to come up with an upward and biased valuation in IPO cases that the bank"s investment banking division participated in, but Tan stresses this is not the case with Bocom.

As someone with a research background, Tan says research is the "heart and soul" of Bocom International, and he"ll see to it that integrity in research work does not give way to the profit-driven mentality of an investment bank.

The 56-year-old executive received a bachelor"s degree in finance from the Hunan College of Finance and Economics in 1983 at the age of 21, obtained his master"s degree in economics from the Graduate School of the People"s Bank of China-an esteemed school founded by the central bank-and pursued his doctorate in the graduate school of the Chinese Academy of Social Sciences-the think tank for the country"s top leaders.

Tan is a firm believer that good research is the foundation of investment banking business. Bocom"s research team is directly responsible to the chairman, and the fact that its head of research Hong Hao, who has a reputation for giving honest, if not outlandish views, on the Chinese economy under Tan"s watch, in some way corroborates his defense of independent research.

"At the end of the day, you need to decide as a financial services provider-do you serve just your client, or investors and the entire financial market?"


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