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Congress Again Favors Big Money Over Small Investors

Jun 27, 2013

The Fiscal Times - In truth, the big bank’s concerns over proposed reforms may, in part, be based on false assumptions. In a study published in the Journal of Financial Planning, Michael Finke and Thomas Langdon (professors at Texas Tech and Roger Williams University, respectively, and both certified financial planners) found “no statistical differences” in the ability of fiduciaries “to provide a broad range of products (or) the ability to provide tailored advice (or) the cost of compliance.” In comparing states that already have a fiduciary duty requirement in place and those that don’t, they also couldn’t find any significant difference in the percentages of clients with high net worth. That all suggests that the big banks wouldn’t suffer too much from adopting the higher standard.

tags : Texas Tech in the News

Tornadoes Spark Increased Interest in Storm Shelters

Jun 25, 2013

Arkansas Business - Texas Tech University’s National Wind Institute, essentially a storm shelter proving ground, has tested and approved six shelters from Arkansas in the past two years. At the NWI debris impact lab, repeated volleys of two-by-fours are shot out of a long, cylindrical “tornado cannon” at speeds of up to 100 mph to simulate the pummeling that shelters must withstand in a storm.

tags : Texas Tech in the News

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