07/15/2021
Today Eric Dezenhall, RealClearMarkets Mobster Meyer Lansky was once quoted as saying that he kept his business in his hat. It must have been some hat. Or maybe not. A new cinematic character study, Lansky, was just released. As the author of a book and articles on Lansky, what interested me most is the film's approach to him as a myth and meme of capitalism. |
Emma Kerr, U.S. News & World Report The vast majority of Americans do not meet commonly held definitions of what it means to be rich in the U.S. Respondents to Schwab's 2021 Modern Wealth Survey said a net worth of $1.9 million qualifies a person as wealthy. The average net worth of U.S. households, however, is less than half of that. |
John Tamny, RealClearMarkets "Videos posted on social media showed security agents and groups of soldiers beating up demonstrators on Sunday. Protesters ripped up portraits of Fidel Castro, while others destroyed police motorbikes and overturned police cars." Those are the words of Wall Street Journal reporters Jose de Cordoba and Santiago Perez. Hopefully the video images downloaded from the streets of Havana signal a successful push by the Cuban people to finally free themselves from tyranny. Figure that those in power can't arrest everyone, and if they try to, or if they try to bring physical harm to protesters, the... |
Wayne Crews, National Review Public policy should aim toward increasing resilience and renewal, rather than dependence on the administrative state. |
Jake Bittle, NYT The dangers of climate change require major spending now. Future generations will thank us for it. |
Gene Marks, Hill President Biden's sweeping executive order issued last week to spur competition contains 72 directives for more than a dozen federal agencies to act on over the coming months. |
Market Minder, Fisher Like most executive orders, this is more a statement of purpose than an action. |
Sam Spiegelman, Examiner For decades, the National Association of Realtors has maintained monopolistic control of the real estate market. This has benefited the NAR's members but imposed significant costs on consumers. Stuck with few options but to use NAR-approved brokers, Americans pay some of the highest commission fees… |
Christy Bieber, Motley Fool There are plenty of cases when it makes sense to start taking benefits before turning 70 – and one where you absolutely should. |
John Stossel, American Consequences Some Americans to consider capitalism a four-lettered word, but without the free market, the U.S. would be far more broke(n). |
Rani Molla, Vox Despite stress, depression, and overwork, women still want to work from home. |
Jordan Weissmann, Slate New? Used? The car market may not sort itself out for a while. |
Richard Moody, Regions Bank |
Brian Wesbury & Robert Stein, First Trust Advisors |
Sanjai Bhagat & Srinivasan Rangan, Directors&Boards Doctors Sanjai Bhagat and Srinivasan Rangan discuss the value drivers of IPO valuation and 3 corporate policy implications for private company directors. |
Ryan Detrick, LPL Financial Research Market Blog Friday, July 9, 2021 |
Jeffrey Kleintop, Charles Schwab In the last few weeks, stock market leadership reversed back to lockdown-era defensives as the stock market made new all-time highs. |
Binky Chadha, Deutsche Bank Group |
Richard Moody, Regions Bank |
James Bovard, AIER "As long as politicians are exalted, the actual details of their decrees are irrelevant: they have been coronated as saviors. Cuomo assured his fellow Covid-profiteering governors that 'this will happen again.' This is why Americans must recognize the catastrophic failure of political iron fists... |
Moira Ritter, CNN The difference between CEO and median employee pay grew in 2020 despite the Covid pandemic and ongoing relief efforts. |
Hamilton Nolan, The Guardian We are developing a private class of billionaire kings whose will is omnipotent and untouchable by any democratic force |
Minxin Pei, Project Syndicate The Communist Party of China's crackdown on ride-hailing firm Didi over supposed data-security concerns seems to be just the beginning of a wider campaign to assert control over the country's thriving tech sector. Foreign investors hoping that Chinese leaders will realize their folly and reverse course should think again. |
Susan Dziubinski, Morningstar We think the payouts on these names are sustainable. |
J.D. Tuccille, Reason Are you ready for 30 percent cuts in benefits to keep the program alive? |
Validea & Jack Forehand, Validea The problem with dividend investing is that investor enthusiasm for it significantly exceeds its actual value. |
Katrina Gulliver, City Journal A new book on Henry Ford's dreams for a planned city offers insights into why such visions rarely come to pass. |
David Eifrig, American Consequences Right now, America's finances are on fire and the riskiest move is doing nothing. Don't rely on the government to save you. Save yourself. |
Rep. Joseph Morelle, The Hill As we work our way towards economic recovery in the wake of COVID-19, we need to give consumers and small businesses a boost, not tie their hands. |
Tim Worstall, The Examiner When does a true statement, subject to certain qualifications, find itself so twisted it becomes a lie? When does the truth become mere political propaganda? |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Joshua M Brown, The Reformed Broker The Fed needs to stop buying mortgages. |
James Picerno, Capital Spectator Consumer inflation in the US remained surprisingly hot in June, the Labor Department reported yesterday. Taken at face value, the numbers raise more doubts about the Federal Reserve's assumption that the recent inflation surge is temporary. But a closer look at the numbers paints a more complicated profile. |
David Merkel, The Aleph Blog Want a cookie? |
Luigi Zingales, ProMarket Powerful forces are threatening the world of payment systems. The EU has to choose the proper route to follow sooner rather than later. |
Mary Harrington, UnHerd The collapse between public and private spheres has left us all trapped |
Scott Grannis, Calafia Beach Pundit Is inflation really transitory? |
Anna North, Vox It's time for something better. |
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