04/16/2021
Today

J.D. Vance & Modern Right Adopt 'You Didn't Build That'

Patrick Hedger, Dispatch

Companies don't give up their rights just because they take advantage of infrastructure or government benefits.

Here's One Potential Solution To the Housing Crunch

Bonnie Kristian, The Week

The solution to the millennial housing crunch is actually really simple

When Everything Is Infrastructure, Nothing Is

Sarah Anderson, RealClearMarkets

Well-respected dictionaries worldwide recently found themselves at odds with the Democratic party. In this case, the Dems attempted to redefine "infrastructure." Hailing from the controversy-ridden state of New York, Senator Kirsten Gillibrand kicked off the nonsense, for which she was rightly relentlessly trolled, The junior senator claimed "Paid leave is infrastructure. Child care is infrastructure. Caregiving is infrastructure."

Madoff Is Dead, But Schemes Like His Still Alive

Market Minder, Fisher Investments

As investors' greed starts flowing, bad apples probably see opportunities—here is what to watch out for.

Dear Congress, Stay Course on Shareholder Proposals

Bernard Sharfman, RCM

It is never a good sign when a senator, no matter what party affiliation, decides to involve himself in the governance arrangements of our leading public companies. Yet here we are, with Senator Sherrod Brown introducing a joint resolution under the Congress Review Act seeking to void the Securities and Exchange Commission's (SEC's) new rule on shareholder proposals. If this filibuster-proof resolution is approved by both the Senate and the House and signed by the president, then the rule shall immediately have no force or effect and the SEC would also be prevented from putting into place a...

Why Amazon Workers Never Really Stood a Chance

Erik Loomis, New York Times

Our system of labor law and regulations has too strongly tilted the playing field in favor of companies and against unions.

Amazon Union Vote Was Victory for Workers

Patrick Pizzella & Alfredo Ortiz, The Hill

Liberals should stand down when it comes to this issue.

3 Books on Lockdown Catastrophe

Jeffrey Tucker, Am Institute for Economic Research

"These are three of what will be thousands of books that will be appearing in the coming years on these tragic times. I'm willing to wager that most of these books will severely condemn the policy decisions of the last year, just as these have done. There will be a reckoning. These books are an...

The Troublemaking CEOs In Georgia Punked Out

Lawrence Kudlow, New York Sun

Let's turn to the issue of voting rights and corporate chief executives. A statement organized in recent days by the former CEO of American Express, Kenneth Chenault, and Merck's chief executive, Kenneth Frazier. A large number of companies signed it

Recognizing Econ. Importance of U.S./Italy Relationship

Susan Molinari, RCM

This year marks the 160th anniversary of diplomatic relations between the United States and Italy, ties reaffirmed when Italy became a republic in 1946. Since then, our two nations have forged remarkable economic and cultural partnerships with deep connections on both sides of the Atlantic. This historic anniversary marks the bond between the United States and Italy and is uniquely personally as well. My grandparents immigrated to the United States from Calabria and Naples, Italy in the early 1900's and I grew up surrounded by a large family with strong Italian roots in Staten Island, New...

American Rescue Plan Gives States Money, Ties Their Hands

Jim Stergios, RCP

For state governments, the good news is that the American Rescue Plan recently signed by President Biden will inject $350 billion into their budgets. The bad news is that it places unwise and pos

Are Jobless Benefits Making Restaurant Hiring Hard?

Jordan Weissmann, Slate

Weighing the evidence in a late-pandemic mystery.

This Market Has Mania Characteristics

Jeffrey Kleintop, Charles Schwab

The specific set of conditions that have historically characterized the start of an investment bubble appear to be forming.

Why the Future Looks Bright For The Bulls

Ryan Detrick, LPL Financial Research

Market Blog Wednesday, April 14, 2021 "I look to the future because that's where I'm going to spend the rest of my life." George Burns

Our View As Reopening Begins

Daniel Kern & Renee Kwok, TFC Financial Management

How Can I Stop Living Paycheck to Paycheck?

Carrie Schwab-Pomerantz, Schwab

Living paycheck to paycheck can feel like you're on an endless financial treadmill. Here's how to jump off.

Housing Boom to Continue

Brian Wesbury & Robert Stein, First Trust Advisors

Is Faster CPI Here to Stay?

Richard Moody, Regions Bank

Will Rising Federal Debt Slow Econ. Growth?

Liz Ann Sonders, Charles Schwab

Over the past 70 years, rising government debt generally has been accompanied by weaker economic activity. But it's not a simple relationship.

Is Stagflation Coming?

Nouriel Roubini, Project Syndicate

Lost in the debate over whether today's ultra-loose fiscal and monetary policies will trigger painful inflation is the broader risk posed by potential negative supply shocks. From trade wars and de-globalization to aging populations and populist politics, there is no shortage of inflationary threats on the horizon.

How Economists Learned to Love Minimum Wage Hikes

Peter Suderman, Reason

Would raising the federal minimum wage to $15 an hour cost jobs?

A Few Short Stories

Morgan Housel, Collaborative Fund

Unsual stories from Morgan Housel

What Spending Data Tells Us About the Recovery

Rani Molla, Re/code

Five charts that show how dramatically the pandemic affected our spending.

Chip Shortages Send Shockwaves Through the Economy

Don Clark, NY Times

The internet-connected world is completely dependent on the production of semiconductors. That's become a problem now that supplies are running short.

Monetary Policy Through A Rearview Mirror

Ed Yardeni, Dr. Ed's Blog

Four recent observatios about the Federal Reserve.

How Not To Sell Shampoo

Bruce Bawer, City Journal

Woke corporations like Procter & Gamble have turned trans ideology into a marketing tool.

Biden's Infrastructure Is a D.C. 'Power Grab'

Rep. Jason Smith, Washington Examiner

When President Joe Biden recently announced a $2.3 trillion spending plan, on the heels of the nearly $2 trillion bailout bill enacted in March, some Democrats in Washington complained. Their complaints: The price tag was not big enough, and the Washington power grab was not ambitious enough.

Biden Achieves a Radical Reimagining

Molly Kinder & Martha Ross, New York Times

President Biden understands that caregiving is infrastructure, and that all families need it.

Biden's First 100 Days: Changing The Tax Code

Kalev Leetaru, RealClearPolitics

RealClear Opinion Research recently conducted a poll about Biden's first 100 days in office. One of the questions asked was about changing the tax code and raising corporate tax rates to 28%. The timeline below shows monthly mentions of law enforcement on television news over the past decade, showing it was a significant topic in the aftermath of the Great Recession and again in 2016-2017 with the Trump administration's tax cuts, but there has been no major increase in coverage since Biden's election. Fox News has mentioned taxation the most of the three channels over the past decade and CNN...

Coinbase and Its High Valuation

David Trainer & Kyle Guske & Matt Shuler, MarketWatch

Coinbase may be a good company, but COIN, valued at $100 billion, is not an attractive stock to own.

Mike Rowe Further Debunks Min. Wage

Brad Polumbo, Fdn. for Economic Education

The reality TV star's poignant warning is borne out by the statistics.

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

Will Uncle Sam Force Big Tech to Break Up?

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Due Process Is Good, He Said Controversially

Matt Taibbi, TK News by Matt Taibbi

Gaetz, Greenwald, and accusations in the Twitter age

The Digital Revolution Is Eating Its Young

Mark Esposito, Project Syndicate

We are facing an acute crisis of technological opportunity and access, owing to an invasive business model that has proven incapable of supporting equity and inclusion. The stakes are high, and the market won't fix the problem.

The Real Inflation Risk Is Political

Eric Boehm, Reason

The short-term inflation outlook isn't as grim as it looks, but the long-term situation could be awful

This Is the Richest American of All Time

Douglas A. McIntyre, 24/7 Wall St.

John D. Rockefeller was the first American billionaire and, to this day, he is by far the wealthiest.

Active Management Is Not Dead Yet

C. Thomas Howard, Enterprising Investor

Is active equity poised for a new golden era?

Housing bubble Two Point No

Michael Batnick, The Irrelevant Investor

Housing prices are red hot. That doesn't mean they're going to crash.

Three Lessons From The World's Greatest Ponzi Scheme

Jamie Powell, FT

Beware bond-like volatility with equity-like returns
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