08/19/2021
Today

Are the TV Ratings Rigged, or Merely Inaccurate?

Brian Maloney, RealClearMarkets

While they may not agree on nearly anything else, one issue manages to unite Fox News Channel, MSNBC and CNN: an archaic television ratings system that is known to wildly misrepresent viewership. At a time when cord-cutting has brought about many new ways to consume television news and entertainment, the industry's primary measurement tool, Nielsen Ratings, seems stuck in another era. Those chosen as "Nielsen families" have complained for years about the cumbersome, almost primitive methods used to track their viewership.

The Bill That Could Truly Bring Back Manufacturing

Robinson Meyer, The Atlantic

And help the climate, too

Value Is In the Eye. Why Facebook Is "a Screaming Value"

Sarah Max, Barrons

Too many investors don't understand how to value a value stock, says Rafe Resendes, co-manager of the Applied Finance Select fund.

Bad Retail Sales Don't Mean Much to Forward Looking Mkts.

Market Minder, FI

What do good industrial production and disappointing retail sales have in common? Neither means much (if anything) to stocks looking forward.

How Online Marketplaces Lift Small Businesses

Jake Ward, Washington Examiner

Our economy is struggling to recover from the pandemic. Companies are understaffed, and the cost of doing business is rising. Against this backdrop, Congress is advancing its latest anti-tech legislation, the INFORM Consumers Act, which threatens to stifle small businesses' recovery by introducing…

What Happens When Your Co-Workers Quit?

Angelina Chapin, New York Magazine

As a record number of Americans leave their jobs, those who can't are working themselves sick.

Maggiano's D.C. & the Sickening Arrogance of PPP

John Tamny, RealClearMarkets

It was March 1, 2020 and the bar area at Maggiano's D.C. was packed. Mo, a Moroccan immigrant, was the waiter covering all the dining tables in the restaurant's cavernous bar area. And he was making good money. Successful restaurants always have people like Mo who generally know their customers, and they know them because their customers are regulars. I was one of those regulars, along with my then 3-year old daughter. Mo had literally watched Claire grow up.

The Pandemic Gave Us Taste of Gov't We Did Not Like

Editorial, Issues & Insights

Politicians gave it to us good and hard.

Why Teslas Keep Striking Parked Firetrucks and Police Cars

Aaron Mak, Slate

Something appears to be confusing a system that Tesla drivers frequently misuse.

Happy 86th, Social Security. Time Now For A Makeover

Clara Del Villar, Newsmax

Social Security celebrated its 86th anniversary this past Saturday, Aug.14. In 2021, 65 million Americans will receive this benefit with the total of all those checks being over $1 trillion dollars.

What to Know About 401(k) Rollovers to IRAs

Russ Wiles, The Arizona Republic

The new federal guidelines focus on potential conflicts of interest and what obligations your adviser owes you to help you make wise financial choices

Xi Turns His Fire On China's Rich To Redistribute Their Wealth

Laura He, CNN

Chinese President Xi Jinping this week issued a bold new pledge to redistribute wealth in the country, piling more pressure on the country's richest citizens and businesses.

Residential Construction: Still a Supply Side Story

Richard Moody, Regions Bank

New Data Hints At Peaking US Inflation Trend

James Picerno, The Capital Spectator

Yesterday's July report on US consumer inflation suggested that the recent surge in pricing pressure may be peaking. That's also the message in revised data for CapitalSpectator.com's Inflation Trend Index (ITI).

Bank Loans v. High-Yield: How They Stack Up

Collin Martin, Charles Schwab

For yield-seeking investors willing to take additional risk, bank loans may be more attractive than high-yield bonds today.

Capitalism vs. Socialism

Brian Wesbury & Robert Stein, First Trust Advisors

Meme Stocks and Systematic Risk

Derek Horstmeyer, Enterprising Investor

How do meme stocks move relative to stock market indices and other meme stocks?

Gimme Shelter: Housing at a Turning Point?

Liz Ann Sonders, Charles Schwab

The bull market in housing over the past year has been astonishing; but pandemic-induced effects are in the rearview, likely signaling some easing ahead.

Fed Tapering: Will This Time Be Different?

Kathy Jones & Christina Shaffer, CS

Although the prospect of the Federal Reserve tapering its bond purchases has unsettled markets in the past, we expect it to be more orderly this time around.

How Free College Is Becoming a Common U.S. Worker Perk

Terry Nguyen, Vox

As employees quit their jobs at record rates, companies like Target and Walmart are offering better benefits to retain them.

Dem Budget Proposals a Shot at Progress on Wages, Climate

Robert Scott, Hill

Passage of a full spending plan included in the reconciliation bill is essential to ensure a full recovery and a growing economy with broadly shared prosperity for all workers.

$66B for Amtrak Trains Destined for Nowhere

Tim Worstall, Washington Examiner

Amtrak is set to score $66 billion from the infrastructure bill.

Yellen's Chance to Shape Fed From Outside

Jeanna Smialek & Alan Rappeport, NYT

As Jerome H. Powell nears the end of his term as Federal Reserve chair, Ms. Yellen will have a say over whether he should stay on. Many progressive Democrats want him replaced.

Making a Case for a Correction Coming Sooner, Not Later

Paul La Monica, CNN

The S&P 500 and the Dow are still near all-time highs despite Tuesday's big selloff. The Nasdaq isn't far from a record either. All three indexes are up between 14% and 18% this year.

How Free Market is Doing Public Health Officials' Jobs

Maxwell Hampton, AIER

"Perhaps it will take some time, but there is still hope that US policymakers will recognize the advantages of market-based solutions instead of leaning on continuous mandates." ~ Maxwell Hampton

The Economics of the Influx of Immigrants to the U.S

Dave Seminara, City Journal

The economic migrants the Left doesn't want us to know about.

Are Big Companies Ripping Us Off?

Anthony Gill, Am. Institute for Economic Research

"Politicians who benefit by pretending to ameliorate even the most minor complaints take action, regulate voluntary transactions, and affect how gains from trade can be distributed or even occur." ~ Anthony Gill

The Fed Needs To Articulate Its Framework For Inflation

Nicholas Sargen, The Hill

Having rejected two long-standing tenets about inflation, the Fed needs to articulate the macro framework it uses to assess inflation prospects.

Dems' SALT Tax Relief Would Be Gift to the Rich

Tom Joyce, Washington Examiner

Senate Majority Leader Chuck Schumer wants to sneak a big tax break for the wealthy into a massive spending bill.

A Tax Revolt Finds Its Way to the Pacific Northwest

Steven Malanga, City Journal

Local municipalities fear the new state levy will lead to an income tax and hurt the economy.

Fisher Investments on Election-Year Uncertainty: This, Too, Shall Pass

Fisher Investments Editorial Staff, Fisher Investments

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Context Matters: Cherry Picking Time Frames

Barry Ritholtz, The Big Picture

Where you choose to measure performance from shapes the story.

Where The Sun Always Shines

John Timmer, Ars Technica

Thanks to a big donation, Caltech has funded a sci-fi-sounding project.

Angels, Demons, and Videotape

Ian Leslie, The Ruffian

What happened in Central Park last year and what it tells us about journalism (plus the usual smorgasbord of brain food).

Is Tether Tethered or Not?

Elizabeth Lopatto, The Verge

What if it's more like unstablecoin?

The Taliban and the Dollar

Jim O'Neill, Project Syndicate

In the half-century since US President Richard Nixon closed the curtain on the Bretton Woods system, the US dollar has been the dominant global currency, largely because there were no other aspirants to the throne. Nonetheless, recent events have reminded us that conditions can change both gradually and suddenly.

Pushing the Limits of Your Roth IRA

Christine Benz, Morningstar

Make it a mega.

There's No Such Thing as Buy and Hold

Todd Wenning, Intrinsic Investing

Companies are not static assets like gold or artwork, but in a state of constant change. Over a long enough timeline, the company you own today will be quite different from the one you originally bought.
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