08/12/2020
Today Rainer Zitelmann, Examiner Those who are ambitious, those who want to achieve something extraordinary and are unwilling to settle for an average existence, are usually driven by one of three key motives: money, power, or fame. Anyone who strives to stand out from the masses is, in one way or another, met with hostile suspicion from left-wing ideologues. |
Nora Caplan-Bricker, The New Yorker Women make up nearly nine in ten nurses, more than eight in ten home health aides, and more than two-thirds of grocery-store cashiers. In other words, they perform the lion’s share of the vital care that we now call “essential” work. At the same time, since the start of the coronavirus pandemic, women have been laid off at an outsized rate (a reflection of their concentration within the country’s lowest-compensated, least-secure jobs) and have been forced to reduce their paid hours to look after children at nearly twice the rate of their... |
Michelle Toh, CNN Apple CEO Tim Cook has become a billionaire as he nears a decade at the helm of the world's most valuable company. |
Rebeca Romero Rainey, The Hill Small businesses and their employees are the backbone of the nation's economy and local communities. As the United States continues to grapple with the repercussions of the coronavirus pandemic, these business owners' time and resources would be better focused on getting the economy safely back up and running, not processing burdensome paperwork. |
Jeffrey Tucker, American Institute for Economic Research For months we’ve heard the cry: oh how wonderfully New Zealand dealt with the Coronavirus! They did the tightest lockdown in the world! The coronavirus – no doubt astonished by the decisiveness and ferocity of prime minister Jacinda Ardern, the heroine of all media – just decided not to make this wonderful country a home. The virus was bested by political wit! |
Michael Bernick, Forbes California, like other states, has reached an unemployment insurance economy: an economy resting in good part on unemployment insurance payments. It's not a sustainable economy, nor one that should be sustained for long. |
Nicole Gelinas, New York Post Municipal bondholders may figure out that when it comes to a balanced budget, New York long ago defanged its "bad cop." |
Andrew Wilford, RCM National crises such as this one should be a time for all Americans to band together and work for the good of the country as a whole. Unfortunately, Senate Minority Leader Chuck Schumer (D-NY) has clearly staked out a position of defending the interests of his home state at the cost of other Americans. When the Tax Cuts and Jobs Act (TCJA) passed at the end of 2017, one of the provisions that provoked the most ire among high-tax states was the capping of the state and local tax (SALT) deduction at $10,000. Limiting the benefit taxpayers could receive from the SALT deduction primarily affected... |
Christoph Gisiger, themarket Eugene Fama, Inflation, Central Banks, Negative Rates, Oil, Factor Investing |
Brad Polumbo, FEE The riots rocking American cities have received less coverage lately, but they never really stopped. On Sunday, Chicago, Illinois suffered another rampage that left 13 police officers injured and entire city blocks in ruins. |
Michelle Connell, MarketWatch Be a smarter investor: watch what institutional money managers are doing with their personal portfolios |
Jessica Menton, USA Today Sarah Ackerman of Randolph, New Jersey, has been piling money into her retirement accounts during the coronavirus recession. And it’s paid off. Since the shutdown began in March, Ackerman has cut her expenses by $300 to $500 per month by working from home and driving less, providing a boost to her savings. She used to drive two hours a day for work. But she’s only filled up on gas twice during the pandemic, and she negotiated a lower rate on her auto insurance, saving her about 30%. |
Cooper Howard, Charles Schwab Taxable municipal bonds can offer higher yields without excessive additional credit risk. |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial The IMF just updated its economic projections for this year and the year after. The bad news is that this year, economic output is expected to plunge almost 5%. The good news is that output next year is expected to spike at a faster rate than this year's plunge, at almost 5.5%. |
Kathy Jones, Charles Schwab The U.S. dollar has been showing signs of weakening, a trend that may underscore the importance of global diversification. |
Richard Moody, Regions Bank |
Jeffrey Kleintop, Charles Schwab Let's take a look at how recent developments may have impacted long-term returns for stock market investors. |
Richard Moody, Regions Bank |
Jared Dillian, MarketWatch A lot of people get into the money-management business when they are young, and they haven't seen a whole cycle, just one-half of one |
Maurie Backman, Motley Fool Whether or not it pays to refinance your mortgage today boils down to two factors: Do you qualify for the best mortgage rates out there? Will you stay in your home long enough to actually reap some savings? The higher your credit score, the more likely you are to snag a competitive refinance rate. But if your credit isn't great, then refinancing may not make sense. That's because if the rate you qualify for is comparable to the rate you're already paying, there's not a lot of savings to be reaped when we factor in closing costs. |
Reed Tucker, New York Post The future of space is largely in the hands of free-spending, big-dreaming billionaires like Elon Musk and Jeff Bezos. |
Nitish Pahwa, Slate The app had become an escape from a repressive government and a brutal pandemic. |
Nick Stehle, Washington Examiner When businesses closed their doors at the peak of the coronavirus pandemic, millions of hardworking people were sent home, furloughed, or worse â?" laid off. |
Christian Josi, The Economic Standard As a person fortunate enough to live and work in a place where my front yard is a marina and my back yard the mouth of the Chesapeake Bay, a part of just about every day involves plucking litter–mostly plastic based things doing demonstrable harm to oceans and wildlife. On Monday mornings during the summer, my beach often resembles a movie theater when the lights come up —the ground covered in discarded cups, bags, trash, and containers. Those of us on the coast see the urgent threats this poses to our ecosystem. And most of us can agree there is no solution to this... |
Clare Duffy, CNN Apple has long been expected to debut a batch of 5G-enabled iPhones this fall. Now it appears all of the company's new phone releases this year may be able to connect to the next generation of super-fast wireless networks, according to Wedbush analyst Dan Ives. |
Dara Khosrowshahi, New York Times Gig workers want both flexibility and benefits â?" we support laws that could make that possible. |
John Ketcham, City Journal Society depends on its watering holes and gathering spots, now at serious risk of disappearing. |
Phillip Magness, American Institute for Economic Research In recent congressional testimony Dr. Anthony Fauci, the primary architect of the Trump administration’s COVID response, painted a bleak picture about the United States’s ability to contain the pandemic. According to Fauci’s narrative, the United States is experiencing a resurgence in regional COVID outbreaks because it failed to sufficiently lock down back in March, and failed to comply with the existing lockdown orders. Fauci specifically contrasted this situation to several European states that imposed lockdowns around the same time, claiming the latter as a... |
Kate Kelly & Shane Goldmacher & Thomas Kaplan, NYT Through donations, finance executives played a critical role in helping Joe Biden turn his campaign around. They've mostly grown to like him, if not love him. |
Market Minder, Fisher Investments Widening the Fed's mandate probably widens the potential for error, in our view. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Matt Taibbi, Substack The attack on congressional candidate Alex Morse for consensual sexual relationships is disturbing for many reasons, but mostly because it reveals a new American phobia toward adulthood |
Macromon, Global Macro Monitor Self directed investors can outperform. |
Jamie Catherwood, Investor Amnesia The electric car was invented almost 200 years ago. |
Vitaliy Katsenelson, Contrarian Edge The coronavirus has compressed years of changes into months. It may be the straw that broke an aging, overconfident camel’s back. |
Danielle Wiener-Bronner, CNN Last summer, Adam Weisblatt signed a lease on a historic saloon in Pioneertown, California. Then the world changed. |
Joachim Klement, Klement on Investing Factor investing or smart beta investing has become all the rage, though admittedly more in the United States than in the UK and Europe. In their efforts to reduce costs while still generating above-market returns many pension funds have shifted their assets into smart beta ETFs that try to mimic one factor or another. |
Edmund Phelps, Project Syndicate Although robots that can perform human labor will put downward pressure on wages in the short term, they also will increase the rate of profit, encouraging more investment and a recovery in the wage rate. It is not so much the economics of new technologies that should worry us, but rather the politics and ethics. |
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