05/17/2021
Today Michael Hiltzik, Los Angeles Times Has any era given birth to more dubious investment mechanisms than today? |
Jonathan Russo, Worth Worth contributor Jonathan Russo gives us his take on the crypto craze—plus, we're auctioning off our first NFT. |
Market Minder, Fisher Investments Volatility has been absent for a while, but it isn't unusual. |
Christopher Leonard, NYT When the next crisis hits the Colonial Pipeline, it will once again shut down. Panic buying will resume. And people will ask, yet again: How did this happen? |
Richard Graber, RCM Recently, the Ford Foundation announced plans to provide $1 billion in funding toward social justice programs, an extension of the $1 billion they handed out in 2015. The resulting press coverage, including a profile of their president on 60 Minutes, was effusive. Ford is not alone in their philanthropic wokeism. Many other large foundations have followed suit. The Mellon Foundation, one of the largest funders of the arts and humanities, is now prioritizing social justice in all its grantmaking. The Rockefeller Foundation too is committing $1 billion over the next three years to "catalyze a... |
Christopher Hooks, Texas Monthly Residents of the South Texas beach town say SpaceX's billionaire owner is ruining their "little piece of heaven." |
John Tamny, Forbes There's no purer - and more bullish - market signal than voluntary human action. |
Jeffrey Tucker, RCM There are those who respect economic forces and those who know nothing about them. Sadly, this past week, during the shocking build-up of gas lines around the South and East coasts, where many cities had half the stations run out and the other half with long waits - echoes of the 1970s - the Biden administration revealed itself to be among the deeply ignorant. The blame for the gas lines falls to a malware hack of Colonial Pipeline, which supplies 45% of the oil and gas to a whole region of the US. That's the proximate cause. But how could a simple piece of ransomware take down the gas... |
Tim Male & Christy Plumer, The Hill Across the country, habitat restoration and natural infrastructure improvements of every size and scope — from installation of backyard rain gardens, to integration of wetlands into road systems, to restoration of floodplains to capture flood water — support more than 220,000 jobs and $25 billion in annual economic output. |
Andrew Wilford, RCM In just about four months, President Biden has proposed or signed into law around $6.5 trillion in new spending. With your taxpayer dollars suddenly up for grabs, a lot of bad ideas have been coming out of the woodwork. As I wrote several times both before and right after the passage of the American Rescue Plan Act (ARP), the calls for massive amounts of state and local aid were not justified by the underlying data on state fiscal situations. Though states went from anticipating revenue drops of 8 percent to realizing revenue decreases of a far more manageable 0.4 percent, the insistent calls... |
Scott Hodge, USA Today The Republicans' Child Tax Credit began knocking people off the tax rolls, now the Democrats want to do even more. |
Rani Molla, Vox Focusing on engagement might be beside the point. |
Jeffrey Kleintop, Charles Schwab The shortage of supplies indicates risk of economic weakness coupled with rising prices. |
Editors, Self Financial Ever wondered how much tax you will pay over your lifetime? We've worked it out for each state in the US. See the analysis here. |
Kathy Jones, Charles Schwab Although we expect higher prices over the next few years, a return to that level of inflation is unlikely. |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Charles Schwab Leaving your job to be a full-time parent has emotional, professional and financial implications. Be prepared. |
Brian Wesbury & Robert Stein, First Trust |
Matt Taibbi, TK News Much easier to ruin a career than mess with a corporate cash cow |
Dave Sekera, MStar But while increased infrastructure spending will create opportunity, the market has already priced in most of these companies' potential. |
Kevin Roose, New York Times Glauber Contessoto went looking for something that could change his fortunes overnight. He found it in a joke cryptocurrency. |
Sheelah Kolhatkar, The New Yorker In eliminating barriers to investing in the stock market, is the app democratizing finance or encouraging risky behavior? |
James L. Caton, AIER We've trod down the post-Bernanke path long enough to learn that the cost of following a policy of resource allocation by the Federal Reserve instead of allowing a modestly higher rate of inflation is lower growth of real income. |
Morgan Housel, Collaborative Fund Every investor is different. |
Jemima Kelly, FT Alphaville Not exactly backed one for one with dollars. |
Jazmin Goodwin, CNN One hundred years ago, one of America's greatest success stories came to a crushing end. |
Lily Hay Newman, Ars Technica Stopping payments would go a long way to stopping ransomware. |
Charlie Bilello, Compound Advisors Nothing lasts forever but that doesn't mean it doesn't do damage while it's happening. |
Ben Carlson, A Wealth Of Common Sense You can't take it with you. |
Bill McBride, Calculated Risk 17 years of housing and economy calls and one for today. |
Tom Chivers, UnHerd Whether something is politically convenient or not doesn't affect its truth |
Jesse Walker, Reason Is this a new age of cultism—or a new cult panic? |
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