06/07/2021
Today

Could Remote Working Unintentionally Take Us to 1984?

Roger Cochetti, The Hill

As the work-from-home trend grows, it's likely that electronic home surveillance will become an important part of the debate.

Working From Home Is No Longer Fun. Get Back to the Office

Kyle Smith, NYP

Getting back in the groove of going to the office will yield all sorts of psychological, emotional and even economic benefits.

We'll Know Crypto's for Real When Its Coins Start Crashing

John Tamny, Forbes

Growth spasms that will end the cruel currency devaluations that are as old as money is.

C-19 Could Transform How and Where We Live

Edward Pinto & Tobias Peter, RCM

The pandemic has upended many aspects of life from the way we shop, how we connect with friends or business partners, or where we work. For the moment, it also appears to have changed preferences for where people want to live with profound implications for the future. Before the pandemic, people highly valued and were willing to pay up for homes with a high level of walkability, that is the ability to complete most of life's daily errands on foot as measured by Redfin's Walk Score®. We reported in February 2020 that properties with walkability had a utility for which buyers were willing to...

There Was No Scientific Consensus for the Lockdowns

Martin Kulldorff, Spiked

Martin Kulldorff on the necessity of challenging the Covid consensus.

There's No Evidence the Virus Originated In Lab

Michael Hiltzik, Los Angeles Times

The lab-leak hypothesis for COVID-19 is getting lots of attention, but there remains no evidence for the claim that COVID-19 originated in a laboratory in China or anywhere else.

Why Did Health Spending Decline 8.6% During Pandemic?

Jeffrey Tucker, RCM

Early on in the pandemic lockdowns, I got a call from a friend in Texas. He reported that local hospitals were furloughing nurses, and the parking lot was completely empty. I didn't believe it. This was a pandemic. How could this be true? News was filled with reports of crowding within several hospitals in New York - even if a 1,000-bed Navy hospital was mostly used - and one had the impression that this was probably happening all over the country. It wasn't. The problem was local and short term, but most of the country never faced a hospital capacity problem. After hanging up the phone...

Oil Industry's Ready for Next Production Boom

Dan Eberhart, Washington Examiner

Oil producers are ramping up drilling and fracking activity, preparing to push domestic production near to pre-pandemic levels of 13 million barrels a day by the end of 2023 — if the Biden administration doesn't get in the way.

Seeing Cannabis as a Disruptive Innovation

Jay Caauwe, American Consequences

You don't think weed motivates? U.S. cannabis sales reached $15 billion in 2020, while industry employment could reach 300,000 jobs this year.

Why Investors Are Fearful of World Tax-Harmonization Deal

Julia Horowitz, CNN

Looking to fund big spending projects at home, the United States has an ambitious pitch for countries around the world: It's time to overhaul the global tax system.

Be Serious, There's No G7 Tax 'Agreement' To Speak Of

Terry Haines, Pangaea

June 5's ballyhooed G7 ‘agreement' to a 15% minimum corporate tax really is nothing of the sort. Today's G7 ministers' "commitment" - the actual word used, and thus not an agreement - is an airy-fairy expression of intent by ministers with no ability to bind their governments or legislatures. Today, we think the US Congress likely doesn't agree, as detailed below. Today's "commitment" has to negotiate so many hurdles over such a long period of time that any immediate market impact should be incremental at most. Markets are used to seeing these sorts of hopeful multilateral...

Is It Past Time to Finally Turn Against Workaholism?

Joy Lanzendorfer, USA Today

Why overworking and workaholism is actually terribly destructive and the attitude towards it needs to change.

Employment: Labor Supply Weighs On Hiring

Richard Moody, Regions Bank

2021 Mid-Year Outlook: U.S. Stocks and Economy

Liz Ann Sonders, Schwab

Peak growth rates for the economy and earnings are likely behind us, setting the economy up for a boom-settle scenario in the second half of the year.

Inflation Validation (Thus Far)

Ryan Severino, JLL

A Good Market Month, With Ups and Downs

Brad McMillan, Commonwealth

May marked a transition back to normality. How will this success affect us in June? Commonwealth CIO Brad McMillan considers a fitting end to the pandemic.

A June Stock-Market Swoon?

Ryan Detrick, LPL Financial Research

Market Blog Wednesday, June 2, 2021

Inflation Everywhere Except Broadband

Bret Swanson, American Enterprise Institute

How Much Should You Save for Kids' College?

Carrie Schwab-Pomerantz, Schwab

Most families don't pay the sticker price for college, but don't put off saving. Consider a 529—and start early.

The U.S. Economy Is Sending Confusing Signals

Ben Casselman, New York Times

The ebbing of the pandemic has brought price increases, supply bottlenecks and labor shortages. Key indicators will show whether it's just a stage.

Biden Should Dump This Trump Era Trade Policy Now

Catherine Rampell, WaPo

If there were plenty of reasons to avoid these tariffs three years ago, there are even more reasons to scrap them today.

A Curse Worse than Cash

Kenneth Rogoff, Project Syndicate

Although prominent cryptocurrency advocates are politically connected and have democratized their base, regulators simply cannot sit on their hands forever. Malicious ransomware attacks targeting growing numbers of firms and individuals could prove to be the tipping point.

How Amazon Is Dominating Cloud Computing

Daniel Lippman, Politico

Amazon Web Services is snapping up former government officials who can help them gain access to lucrative federal contracts.

Europe Is a Corporate Also-Ran. Can It Recover?

Staff, The Economist

American and Chinese businesses have left their European counterparts in the dust | Briefing

How COVID Changed Boomers' Retirement Plans

Laurent Belsie, CSM

For many Americans, one result of pandemic career upheaval is that retirement has come sooner than planned – while others no longer feel ready.

Biden's Budget Is Even More Expensive Than It Looks

Peter Suderman, Reason

The White House chose not to include cost estimates for a number of big-ticket health care policies—while still expressing support for them.

Even Democrats Are Balking At Biden's Big Budget

Veronique de Rugy, Reason

The spending plan demonstrates an unwillingness to govern and a preference for pandering to special interests.

Trade Wars Are Hard to Win, Part LXXIV

Alex Tabarrok, Marginal Revolution

Two administrations have tried to control the solar industry with tariffs. They both failed.

Where is The SEC On SPACs' Conflicts of Interest?

Connie Loizos, TechCrunch

SPAC sponsors are going after companies they already hold stakes in.

Is The Dollar At Risk Of Being Dethroned?

James Picerno, The Capital Spectator

The US dollar is the worst choice for the global reserve currency except for all the alternatives.

Why Aren't People Getting Back To Work?

Michael D. Farren, Reason

Using the process of elimination, the culprit seems clear.

When Bison Come Back, Will the Ecosystem Follow?

Louise Johns, Ars Technica

Bring wild bison to the Great Plains, restore one of the world's most endangered ecosystems.

Winners & Losers: The Global Economy After COVID

Joel Kotkin, Quillette

The COVID-19 pandemic has transformed the world economy in ways that will be debated by pundits and future historians for decades to come. Yet, as hard as it is to predict a disrupted future accura…

But I Don't Wanna Go Back To Work...

Tim Kreider, The Atlantic

I have gotten acclimated to a different existence.
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