06/25/2021
Today

Joe Biden's Economy Signals a Return of Misery

Richard Rahn, Washington Times

Surprise! Surprise! Surprise! This past week, the Fed chairman and other Fed governors finally acknowledged that the rise in inflation may not be all that temporary or mild.

Why We Support Biden Econ. Plan

Robert Rubin, Joseph Stiglitz & Felicia Wong, The Hill

We've come to the same conclusion: President Biden's economic agenda would make long-overdue investments in our nation's future, and the revenue measures that would fund those investments are sound, progressive and efficient.

My Encounter With Aliens From the Planet Dork

Rob Smith, RealClearMarkets

I left the big city last night to check on the farm. As the sun was about to set over the glistening Rappahannock, I was startled to hear a "whizzing sound." A giant frisbee appeared out of nowhere. It hovered over the dock and landed on the sand beach. Three goofy looking guys popped the top and made their presence known. I yelled over to them "are you boys lost?" They replied that they were from the Planet Dork. All three were brothers, Darrell, Darrell and Darrell Dork. Now, you may think "Dork" is a strange name for a planet, but these fellas looked just like Chuck Schumer, so it all made...

The Economy Is Growing, But Biden Haters Can't Accept It

Paul Krugman, NYT

Things are getting better, but many Republicans won't believe it.

How President Biden Can Improve His Anti-Poverty Plan

Dylan Matthews, Vox

The government needs to make sure that everyone eligible gets the expanded child tax credit — and that it becomes a permanent program.

Size and Scope of Biden Infrastructure Grows & Grows

Veronique de Rugy, TAS

In case U.S. senators can't agree on a bipartisan infrastructure plan, Democrats are reportedly considering a $6 trillion plan of their own.

Let There Be No Apologies for Wealth Inequality

Walter Block, RealClearMarkets

Should we be worried about income inequality? Should we apologize if it rises? Should we brag about a decrease in this statistic? No, no, and no are the proper answers to these questions, at least for those interested in defending what little remains of our free enterprise system. It is all well and good to insist that the supposed rise in this statistic is based on "an illusion created by the Census Bureau's failure to account for taxes and welfare." Yes, yes, the post-tax and subsidy income distribution is more equal than before these transfers are undertaken. This is because our fiscal...

Waiting For a Consumption Surge? It Could Be a While

Market Minder, Fisher Inv.

Those big cash buffers have yet to go anywhere.

A Word On the Left's Agenda of Anti-Federalism

Roger Pilon, RealClearMarkets

On Tuesday, as Senate Democrats were falling short of passing S. 1, their 800-page voting bill dubbed the "For the People Act," I found myself testifying before the Senate Homeland Security and Governmental Affairs Committee against a not unrelated bill, S. 51, the "Washington, D.C. Admission Act." Aimed at turning most of the nation's capital into our 51st state, S. 51, like S. 1, has earned the support of not a single Senate Republican (or House Republican concerning H.R. 51). What links the two bills? The nationalization of elections, the reduced role for states in elections, and that's...

NYC Won't 'Be Back' Until Empty Office Towers Fill Back Up

Steve Cuozzo, NYP

The Big Apple won't truly be back until employees return to their offices in significant numbers. So far, that isn't remotely close to happening, especially not in still-ghostly Midtown.

IRS Has a History of Corruption, Incompetence

Alex Hendrie, Washington Examiner

President Joe Biden has proposed drastically expanding the IRS.

Answering a Vicious Rant Against Milton Friedman

George Leef, National Review

A writer named Zachary Carter has penned a truly vicious screed accusing Friedman of the whole panoply of leftist offenses against humanity.

Report Declares a Worker 'Emergency' In Wisc.

Benjamin Yount, The Center Square

(The Center Square) – The latest snapshot of Wisconsin businesses once again shows there are a lot of open jobs and not a lot of people to fill them.

Is Good Data Now Bad News?

Jeffrey Kleintop, Charles Schwab

It's possible that good data could be interpreted as bad news for U.S. markets in the near-term as strong economic data could prompt the Fed to unwind earlier.

New Home Sales: We Expected Little, Got Less

Richard Moody, Regions Bank

The Benefits of Credit Card Rewards

Various, American Bankers Association

Existing Home Sales: Much Worse Than Headline

Richard Moody, Regions Bank

80% of Gen Z Investors Took On Debt to Invest

Julie Ryan Evans, MagnifyMoney

40% of investors said they have taken on debt to invest, including 80% of Gen Zers and 60% of millennials.

The Most Expensive Olympic Games In History

Various, ACE Cash Express

Have you ever thought about how much money it costs to host the Olympics? The ACE Cash Express Knowledge Hub breaks down the estimated cost for the countries that have hosted the Olympics.

The mRNA Vaccine Miracle May Be Just The Beginning

Jörg Blech, Der Spiegel

The vaccine success stories at BioNTech and Moderna may only be the beginning. Doctors and researchers want to use the revolutionary mRNA technology to fight the world's worst scourges: from cancer to dementia.

The Little Hedge Fund Taking Down Big Oil

Jessica Camille Aguirre, New York Times

An activist investment firm won a shocking victory at Exxon Mobil. But can new directors really put the oil giant on a cleaner path?

Gold Is Ready To Rally & It Isn't About The Fed

Mark Hulbert, MarketWatch

Gold market-timers are bearish and that's a contrarian sign.

It's Time To End The Eviction Moratorium

Howard Husock, City Journal

It's a heavy burden both for landlords and for tenants who play by the rules.

The Big Job Exodus Might Not Be All It's Cracked Up To Be

Anna North, Vox

Workers are quitting their jobs. But are they getting better ones?

Beware America's Soaring Public Debt

Michael J. Boskin, Project Syndicate

In the near term, strong economic growth could shield US President Joe Biden from the consequences of his reckless spending. But if his administration's growth forecasts prove excessively optimistic – or even if they turn out to be accurate – he may come to regret it.

The Global Middle Class Has Tripled in Size Since 2000

Ronald Bailey, Reason

And the global upper-middle class doubled.

How Pepsico Is Rethinking the Modern, Post-Corona Office

Kathryn Vasel, CNN

When it comes to the future of work, PepsiCo is re-imagining the role of the office and giving employees more flexibility to choose where they work.

Fix Labor Shortage With More Immigration

David Bier & Christopher Richardson, Hill

Biden needs to act now to curb further losses and seize the great economic opportunity that legal immigration could provide for the country

To Fix the Labor Shortage, Pay Isn't the Sole Answer

Brandon Chrostowski, DMN

As the pandemic recedes and the country comes back to life, Americans are lining up to return to restaurants. The only problem is that workers aren't. The...

It's Not Too Late to Get a 'Post-Nuptial' Agreement

Emma Kerr, U.S. News & World

Postnuptial agreements, the less common but equally powerful cousin to prenuptial agreements,can be highly customizable to meet a couple's unique needs.

Why an 'Optimistic' Warren Buffett Quit Gates Foundation

Rebecca Heilweil, Vox

The Berkshire Hathaway billionaire says he's "optimistic."

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

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

"Welcome to our Country Club!"

David Merkel, The Aleph Blog

An investment in the future?

It Takes A Sage To Keep It

Morgan Housel, Collaborative Fund

Andrew Carnegie was asked for money advice and said: "Even a fool can make a million dollars. But it takes a sage to keep it. Do you hear me?" He knew from experience.

China Fact Of the Day

Tyler Cowen, Marginal Revolution

China is still wrestling with how to rule over a diverse, ethnically mixed population that does not necessarily accept the dominance of the Han or the CCP narrative.

Fun with Leverage!

Barry Ritholtz, The Big Picture

Let's get this out of the way upfront: Using excessive leverage to speculate is a terrible idea, and often ends with a total loss of all capital.

Idiots, Maniacs & the Complexities of Risk

Ben Carlson, AWOCS

Risk is a complicated topic.It's hard to define. It's impossible to eliminate. And our perception of risk can often have unintended consequences.When things feel safer, we can let our guards

Saying Goodbye to the Late Leigh Perkins of Orvis

Jane Whitson, The Webutante

LEIGH PERKINS--- who in 1966 took a little roadside fishing store in Manchester, Vermont and tur...

How Rebekah Neumann Put the Woo-Woo in WeWork

Rachel Dodes, Vanity Fair

The wife of WeWork's founder Adam Neumann carved out her own little space as a New Age exec—and the company's downfall isn't slowing her.
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