Crime Books

Since the two main characters are policewomen, there is certainly a fair amount of action and police procedure in this book, but foremost the book delves deeply into concepts of strength and weakness, physical as well as emotional.

I liked this book a lot. You really get to know and feel for the characters. Especially fascinating was Dez's struggle to handle her emotional problems, when so much of the character's self-image seems built on her being the strong, stoic hero coping alone with issues big and small. The way Jaylynn deals with her partner's inner turmoil is also nicely depicted, with a realistic portrayal of her sometimes understanding and at other times, like a lot of their surrounding characters, fooled by the strong self-sufficient appearance of her partner.

I strongly recommend this book. Read Gun Shy first though since it's just as good! Also, if you like this one, try some of Radclyffe's books which are similar, but different. Radclyffe's are often similar story-wise with a lot of focus on strong women, but less fleshy character depiction and more fleshy love scenes. Really good reads the lot of them.

There are two kinds of government crime against the taxpayer, and both are wide-spread and costly to the taxpayer. There is corporate corruption, the buying of politicians, such that decisions are made that in effect transfer the taxes paid by individuals (who carry every government's costs) to unethical corporations focused on profit at any cost (to others). This book documents the second kind of crime: where government agencies charged with protecting the taxpayer from drugs or crime or terrorists or other threats, themselves become allies with criminals, and seek to profit from crime while permitting field officers to go bad, steal money, and become nothing more than officially sanctioned criminals. If and when each Nations cleans house within its "secret world," the ethics of intelligence, and how to police the police, will be among the most fearsome challenges to be addressed.

This extraordinary book, at 1165 pages (1974 edition) is a deeply documented, thoughtful, credible account of the second kind of corruption. It is strongly recommended for purchase by anyone who pays taxes.

The book explains that yes brokers are concerned about making you money, but they are more concered about making money off of you first.

The book explains how investment firms pressure their
stock brokers (aka financial analysts, money managers)
into creating as many "hidden" charges off your account as possible.

One big think the book points out is to watch for excessive
trading and the "hidden" cost of spreads and mark ups and mark downs.

One really good point was about the use of margin.
Most brokers do not explain to their clients the costs and
risks associated with the use of magin( borrowing money to buy
more stocks.)

One hidden cost of margin involves Flat Fee accounts where the money you borrow (and pay a good rate of intrest on) increases
the amount of assets in you flat fee acount, so you pay that
1 or 2% flat fee on the margin too.

Another key point in the book is ask you broker to tell you
what all you expenses total to as a percent of your assets.
You may be suprised how much they reall charge you.

You may not be so happy with your broker when you realize, yes
they made you a 15% return this year, but the market average(at same risk at you assets) returned 25% for the year.

And your broker only got your broker did not have you invested
in those assets that would have given you higher return becuasse
he got a bigger commission ( or hidden costs) on the assets that made you less money.

Many many games revealed about your "honest" broker.

The book has a little fluff so it could be a bit shorter, but the book is full of the many tricks your broker maybe using on you.

So for starters:
Stop your broker from usng high risk high commision product
(lke futures).
Stop your broker from using margin ( borrowed money).
Stop your borker from trading too much with too little reutrn.

Books gives a current and accurate picture of brokers,
on Jan 13,2004 a story on the front of the NY Times and
the Wall Street Journal stated Morgan Stanley was finded
for getting kick backs from sell certain mutual funds.
And in Sept 2003 Morgan Stanley was fined for holding
contests to see who sold the most of Morgan Stanley Products.

Page 41 says "Analysts hold no brokerage licenses. Therefore, no securities rule or regulation applies to them." These statements could not be more wrong. I do not know any analyst that does not hold series 7 and 63 licenses. I do not know of any brokerage firm that allows its analysts to publish research without first having passed the series 7 and 63 exams. There could be small, regional firms that permit this, but the major firms require their analysts to be registered representatives. The authors repeat their mistake on page 74.

The math on page 176 does not work for the "spread" issue. The authors obviously did not proof the offer price, which should have been $10.50, not $10.00.

After spotting these errors, I skimmed through the rest of the book. Although the issues the authors address may aggregate information for the investing public, nothing they say is earth-shattering. The book seems more to ride the tide of dumping on the investment community and offers little in the way of a position on fixing what is wrong. I am the first to agree that the system could be improved, but so could this book.

His real appeal is not racing or mystery however, it is his ability to create characters who are admirable, honorable and self-reliant. If you're looking for troubled, self-loathers who "somehow" overcome their weakness and become unwilling and unwitting heroes, don't look here. Francis' heroes revel in their abilities to withstand evil, overcome it, and end up smiling in spite of it all.

Kudos once again for Dick Francis and Dead Cert!