Wednesday, May 30, 2012

How Wall Street looked to a high school student in the 1980s

There are many visions of Wall Street. Over the years and much has changed. Let me take you down memory lane just a little bit. For some this tour may be unclear, for some it may be a little clear and for others it may be crystal clear. Back in the 1980’s I started my journey on Wall Street.

I was a senior in high school at Andrew Jackson High School in Queens, N.Y., and had joined a Co-Operative education program (Co-Op). I’m not sure how many of these exist today. I had the opportunity to work one full week with pay and then go to school the following week. A high school student stepping on to Wall Street for the first time was an experience like no other.

The first adjustment to the adult world was being told that I could address the adults by first name as opposed to “Mr” or “Mrs” or “Ms.” As I did with my High School teachers. I was very fortunate to work for a well-established firm called, The Morgan Guaranty Trust Company. As it is today, it was then that the firms wanted to ensure that students experiencing the firm for the first time got very familiar with the industry and the firm. Training back then, involved visiting a room where you were equipped with a cassette tape player, cassettes, booklets and headphones. I remember hearing words like “manifold” referring to trading tickets. You don’t here that too often now if at all. The training tapes gave information about the various departments and the company itself.

I did not feel completely out of place as I also found number of other High School Co-Op students working in my same section at the company. I handled the “manifold” tickets relative to trades that had been entered. I worked in the section called “Ticket Check Off”. The Department was called Government Bond. Here I saw trade tickets relative to what I would soon learn were Fixed Income trades such as Treasuries as well as Money Market Instruments such as Certificates of Deposit and Bankers Acceptances.

As I reflect back now what was most interesting was that that I not only got to “see” the manifold tickets relative to these instruments I also got to see the instruments themselves. This was the 1980’s and many of the instruments of the day were in physical form. I got to see US Treasury Notes with the interest payment “coupons attached”. We would attached a one copy of a multi-ply manifold ticket to the Treasury by using what then a “T-Pin” which I have not seen in ages. I was informed one day I would be delivering some Treasuries to the Federal Reserve Bank down the street (we were located on Broad Street across from the NY Stock Exchange). We had an armed Security Guard Accompany us. I later realized that as many of the instruments of the day were in “bearer” form they could literally be cashed by whoever said it was theirs.

Working in Government Bond was an excellent learning experience. I got involved with the daily proof and reconciliation. We reconciled with a group of individuals that were enclosed behind a window called “The Cage”. We ran a calculation tapes on huge calculators that took up most of a desk and used two copy calculator tape (on copy being a carbon copy). We would balance the general ledger tickets that had passed throughout the day.

There were no personal computers as we know them today. For me as a High Schooler, my taste of the Internet was during my "school week" I was able to go into a High School Room and dial-up an on line services. I would need to dial the number on the telephone and then put down the handset on some acoustic couplers (shaped like the phone mouth and ear piece) that was attached to a printing (not display) terminal. The Session information would print out on the long printer as opposed to on a display system. News and other other information would print out. That was it for the "The Net" in those days! Read more on the Technology of those days on my latest Blog.

As with most High School Students of the day, the highlight was lunch time. Most interesting enough lunch was free. Not only that, on those occasions when we had to work late we also got free dinner via a “supper pass”. For me the work, the experience and the food, was the life!

More Information:

Organizations helping Youth in Financial Services and Information Technology at the High School and College Level in New York (Local Chapters have links to their respective National Offices):

Urban Financial Services Coalition New York Chapter

BDPA Information Technology Thought Leaders New York Chapter

Monday, May 21, 2012

They Say If You Can't Stand The Heat...But How Do You Stand The Heat?

Pastor Michael Holman at COGIC's Gold Coast District Meeting, delivering the message that deals with the cliche, "If You Can't Stand The Heat, Get Out the Kitchen, but How Do You Stand the Heat???" What if you can't get out of the kitchen??? How Do You Stand The Heat???

Tuesday, May 15, 2012

Facebook For Business - Online Tutorials (Intro Module is FREE to watch!!!)

QuickStart! - Facebook for Business

QuickStart! Facebook for Business gives you all you need to know to create a Facebook presence for your business. In this VTC course, you will learn how to create, customize, and administrate a page. Author Brian White will also show you how to make posts, interact with customers, and increase Edge Rank. In addition, the course demonstrates how to incorporate apps and create ads on Facebook. Get started today by clicking the movie links below!




Why Facebook
Creating a Business Page
Anatomy of a Page
Administrating Your Page pt. 1
Administrating Your Page pt. 2
Administrating Your Page pt. 3
Creating a Vanity URL
Creating a Cover / Profile pt. 1
Creating a Cover / Profile pt. 2
Creating a Cover / Profile pt. 3
Managing the Timeline pt. 1
Managing the Timeline pt. 2

Building Your Community

The Front Porch
Adding Posts / Links
Adding Images
Creating an Album
Creating a Poll
Adding Video
Expanding Your Presence pt. 1
Expanding Your Presence pt. 2
Expanding Your Presence pt. 3
Edge Rank

Apps and Ads

Introduction to Apps
Apps Overview
Static HTML
Shop Tab pt. 1
Shop Tab pt. 2
Facebook Ads pt. 1
Facebook Ads pt. 2
Facebook Ads pt. 3
Facebook Ads pt. 4
Facebook Ads pt. 5
Facebook Ads pt. 6


Course Wrap Up


About the Author

Monday, May 14, 2012

Online Video Training For Facebook Development (Every Link Is An Absolutely Free Video To Watch!!!)

Facebook Application Development

With over 200,000 users, Facebook has become the dominant social networking platform. This course, taught by developer, teacher, and author Jesse Feiler, covers the ins and outs of developing your own Facebook apps using the Facebook API. You’ll see how to register your app to receive the necessary development and run-time keys from Facebook and how to set up your app on your own web server so that it can interact with Facebook. Ins and outs of news feeds, invitations, and interaction with Facebook user profiles are all covered. You’ll also see how to interact with your own database to merge Facebook data with your app’s data. Work files are included. To begin learning today, simply click on the movie links.

Introducing Facebook

About this Course
Welcome to the Facebook World
Using Facebook Apps
Introducing Facebook App Development

Using Facebook Security as a Developer

Using Account Settings
Using Basic Profile Settings
Using Contact Profile Settings
Using Search Profile Settings
Using News Feed & Wall Settings
App/Beacon & Facebook Connect Settings

Integrating with Friends & Web Sites

Exploring Integration Points
Exploring Sharing
Using Facebook Connect
Implementing Facebook Connect

Facebook Technologies: Industry Standards

Introducing the Facebook Technologies
Introducing REST
PHP for Facebook

Facebook Technologies: Proprietary

Using the FBML Test Console
Exploring FBML Syntax
Using FB:pronoun
Using FB:name
Using FBML Controls
FBML for Controls & Interface Objects
Creating a Share Button
Using the Facebook API

Getting Started as a Developer

Using the Developer Application
Setting Basic Parameters for the App
Setting Authorization & Canvas
Creating Your First Application
Installing the PHP Libraries
Creating Your App File
Uploading & Testing

Making it Facebook: Dashboard & Tabs

Extending the File Structure
Revising the Sample App
Adding the Facebook Dashboard
Using PHP & heredoc
Adding Facebook Tabs

Integration Points Greetings & Invitations

Using Integration Points
Setting Up Two-Column Layouts
Setting Up a Discussion Board
Greeting People by Name
Greeting Unlogged-In Users
Sending Invitations
Using the Multi-Friend Selector
The Condensed Multi-Friend Selector
Using Other Invitations
Excluding App Users

Adding Data to a Facebook App

Working with Data Overview
Creating the Facebook Input Form
Adding a Pop-up Dialog & Form Fields
Receiving the Data
Setting Up the Database
Adding a Record from the Form Data
Checking for Errors & Verifying the Add
Redirecting to My Picks
Doing the Add to My Picks
Finishing the Add to My Picks

Displaying Data

Display Overview
Display Architecture Overview pt. 1
Display Architecture Overview pt. 2
Retrieving the Data
Looking at the Code
Paginating & Displaying One Pick
Doing the Pick Display
Paginating Results pt. 1
Paginating Results pt. 2

Using News Feeds

Introducing News Feeds & Templates
Creating a One-Line Story
Creating a Short Story
Adding the News Feed to the Sample App
Writing the Add_Pick Code
Testing the Add

Increasing Your App Interactivity

Sharing & Letting Friends Know
The Share Button & Reporting
Maintaining My Picks: Interface
Maintaining My Picks: Database
Writing the Code
Add News Feed Updates: Templates pt. 1
Add News Feed Updates: Templates pt. 2
Add News Feed Updates: Code
Using the Templates: Add/Remove
Using the Templates: MyPicks

Using More Integration Points

Integration Point Overview
Using the Application Directory
Using an App Page
Updating Your App Page
Adding Tabs to the Profile
Adding to the Profile App Info/User
Adding to the Profile App Info/Code

Course Summary

Course Summary


About the Author