Lunch with First Lady Michelle Obama at the home of Will Smith and Jada Pinkett Smith in Calabasas, CA Save the date: October 25th, 2012 https://donate.barackobama.com/page/contribute/o2012-ovf-mainsocal?custom1=621603 $40,000 per couple: greet + photo opportunity + luncheon $10,000 per couple: photo opportunity + luncheon $2,500 per individual: luncheon
I had an incredible time with my good friend and fellow Beverly Hills Chamber Ambassador Fauna Hodel during the Obama concert, which took place yesterday at the Nokia Theatre in downtown Los Angeles. Such an amazing atmosphere!
Whittier Trust’s quarterly economic commentary and a graph of the Standard & Poor’s 500 Index with annotations of significant events is attached below. The trends we have highlighted in our commentary include a first quarter economic growth of 1.9%, which was less than had been expected, a persistently high unemployment rate of 9.2%, and volatile, but essentially flat, second quarter stocks.
The US stock market was strong in the first quarter (Q1), returning 5.9% as measured by the Standard & Poor’s 500 Index. The Dow Jones Industrials did even better, earning 6.1%. Non-US stocks lagged, as the EAFE Index of developed countries gained 3.5% and emerging nations rose 2.2%. Bonds had very modest results due to rising interest rates. The Barclays Aggregate Bond Index returned 0.4%.
When Phil Clark* turned fifty, he took stock of the family-owned manufacturing business he had created and run for over 20 years, given that it had been more successful than he had ever imagined it would be.
As parents, we all want our children to grow up to be financially responsible and independent. Research studies have found that self-sufficiency – the ability to care for oneself – is a prerequisite for happiness and fulfillment in adulthood.