07/23/2020
Today Michael Fumento, American Spectator Ten years ago I published an article called "No More Crying 'Spanish Flu,' " in part because with every pandemic... |
James Pethokoukis, The Week Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. |
James Roosevelt & Henry Scott Wallace, Hill A return to prior "normalcy" won't fix today's unprecedented mess. A cautious incremental reformer would be doomed to failure and should dread becoming president now. |
Michael Lind, Law & Liberty |
Grant Anderson, RCM Fifty-one years ago this week, America accomplished a momentous feat that had long been considered to be unachievable – human beings landed on the Moon. On July 20, 1969, Neil Armstrong and Buzz Aldrin set foot on the lunar surface and proudly planted the American flag for the world to see. Armstrong and Aldrin spent just short of one day on the Moon before rejoining Apollo XI mission teammate Michael Collins in orbit around the Moon to head back to Earth. Apollo XI represents one of America’s shining moments, a watershed accomplishment of the 20thCentury, and... |
Jordan Weissmann, Slate The GOP tried and failed to do its homework the night before it was due. |
Market Minder, FI Stocks' future path doesn't depend on extending various CARES Act benefits, in our view. |
Jordan Duecker, City Journal The accelerating collapse of St. Louis, the most violent city in America |
Tori Smith, RCM Last week the U.S. Court of International Trade (CIT) ruled that certain tariffs imposed on steel imports from Turkey under Section 232 of the Trade Expansion Act were not permitted under the law. It was a big win for American companies and consumers who had been stuck with higher prices due to the tariffs. But this ruling should not be the end of the story. Rather, it should prompt Congress to reform Section 232 to prevent further misuse of the law. |
Catherine Brock, Motley Fool What's your ideal retirement age? There's no quick way to answer that, unfortunately. Whether you can't wait to eliminate work stress from your life or you never want to leave your post at the office, it's important to look past your job satisfaction when determining a time for your retirement. Doing so minimizes the chances you'll end up back on the job market in your 70s or wishing you'd left more time for yourself to work on your bucket list. |
Mattie Duppler, Washington Examiner Like many aspects of today's fiscal environment, trends that were worrisome before the pandemic have been accelerated by the unprecedented nature of today's crisis. This is true of Social Security, the looming funding imbalance of which has the potential to be exacerbated by an increased number of claimants and a decrease in revenues due to depressed economic activity. |
Carrie Schwab-Pomerantz, Charles Schwab Is it smart to save for retirement past age 70 if you're still working? Absolutelyâ?"especially with the new SECURE Act, says Carrie Schwab-Pomerantz. |
Richard Moody, Regions Bank |
Jeff Erber, Grey Owl Capital Management |
Doug Badger, Heritage A lot has happened in Florida in the two weeks since I last analyzed its COVID-19 numbers. Unfortunately, not much of it is good. Florida has reported almost as many cases among its residents over the past two weeks as it did over the previous three and a half months. The newly infected population has trended younger, which is an encouraging sign. That has helped reduce the percentage of infected patients who fall seriously ill and cut the ratio of deaths to reported cases. |
Market Minder, Fisher Investments Markets likely aren't hung up on whether the new assistance amounts to too little, too late. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Various, LPL Financial Market Blog Based on the latest polling data, there's growing consensus that former Vice President Joe Biden potentially may win the election and Democrats possibly may sweep Congress. Some might t? |
Tom Frieden & Cyrus Shahpar, New York Times Fifteen things we need to know about the coronavirus. |
Vincent Geloso, American Institute for Economic Research |
Marc Busch, Hill In a letter to U.S. Trade Representative Robert Lighthizer, 50 members of the House of Representatives lobbied for greater access to the Japanese market. They're in for a big disappointment. |
Ted Halpern, U.S. News & World Report |
Joshua Dunn, Law & Liberty Imagine that a university has two assistant-professor positions, one for a professor of environmental economics and another for a professor of hermeneutics. If the economist ends up with a higher salary, what would be the most reasonable explanation? A) the economist has skills desired by businesses, government, and nonprofits, forcing the university to offer a higher salary to compete with other employers while the hermeneuticist is, well, a hermeneuticist; or B) that economists have “leverage[d] their own expertise to claim that science itself dictated they receive higher salaries... |
Tim Worstall, Examiner Among the usual swampiness, Joe Biden is reviving one of Hillary Clinton's truly vile political promises: to abolish the disability exemption from the minimum wage. This would kill employment opportunities for those who currently get jobs thanks to that exemption. What makes this proposal worse is that there's no one who gains from this. It's entirely, purely, and wholly a limitation upon those already unfortunate. |
Howard Gold, MarketWatch Waiting until later is ideal but life can get in the way |
Clare Duffy, CNN A penny for your thoughts â?" or a nickel, dime or quarter, for that matter â?" may be harder to come by these days because of a nationwide shortage of coins. |
Tommy Beer, Forbes Musk ranked outside of the top 30 on Forbes' Billionaires List as recently as mid-March, with a net worth less than $25 billion. |
Rainer Zitelmann, Washington Examiner For weeks now, the "Frugal Four," a group of northern European states including Denmark, the Netherlands, Austria, and Sweden, plus Finland, have been facing off against France and the continent's southern member states, especially Italy and Spain. The occasion for debate has been a proposed 750 billion euro coronavirus recovery package. The southern nations want their northern counterparts to approve billions in grants, but the Frugal Four are determined to attach conditions to any handouts. |
Phillip Magness, American Institute for Economic Research As the United States experiences a surge in COVID-19 outbreaks with most of it concentrated in regions that avoided the earlier wave that struck the Northeast back in March and April, the media has adopted a new explanation to continue its longstanding rationalization of society-wide lockdowns. As the argument goes, most European states (including those that were harder hit than the US) followed a “responsible” pattern of quashing the virus through heavy-handed lockdowns and shelter-in-place orders, and only began the reopening process when its data-driven models said it was... |
Ruchir Sharma, New York Times Hint: It's not the United States or China. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
David Merkel, The Aleph Blog My view is that the more the market is exposed to a concept, the less it reacts to it. Yes, in the initial phase, that is not true — briefly, the more we hear about new concepts, the more impact they have. |
Morgan Housel, Collaborative Fund Good things can be taken too far – helpful at one level and destructive at another. |
John Stossel, Reason It's time for more capitalism. |
Matt Taibbi, Substack We laughed at the Republican busybody who couldn't joke, declared war on dirty paintings, and peered through your bedroom window. Now that person has switched sides, and nobody's laughing |
Sarah Slobin, Reuters With government benefits set to expire at the end of July, new studies show that workers who were struggling financially before the pandemic face returning to jobs that require close personal contact. |
Anthony Isola, A Teachable Moment John Gotti used to give away "free" hot dogs on the 4th of July. They had a very high price. |
Peter Suderman, Reason Though the unemployment insurance benefits boost eased the immediate pain of shuttering much of the economy, it made it harder to get things moving again. |
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