08/04/2020 Today
Donald Boudreaux, American Institute for Economic Research Sometimes one’s soul is best served by issuing a cri de cœur. I want to scream and protest against today’s unprecedented (in my adult lifetime) long spasm of irrationality and madness. “Why,” I ask myself, “are so many people content to be denied context, perspective, and completeness of pictures?” |
Mary Harris, Slate Banning the silly social media app may seem drastic. But TikTok poses a real threat. |
Yates Wilburn, RCM Over the last several months, the American people have been subjected to countless hours of Republican politicians in Washington tearing their hair out over the “threat” Big Tech poses to our country. Repeatedly, they've accused them of bias against conservative voices, getting customers addicted to their services, operating “monopolies”, and somehow even degrading American values. Until recently, it was a just a few loud voices within the GOP wailing this siren song of big government moralism. But as we saw this week, the obsession over Big Tech's role in our... |
Paul Krugman, New York Times Their cruelty and ignorance are creating another gratuitous disaster. |
John Tamny, RCM At risk of sending some readers into shock in consideration of how much they, their parents, the federal government, or all three spent on their college education, odds are they learned very little if their major was economics. That is so because the professorial class near monolithically believes “consumption” is the driver of economic growth. Imagine that! To think if we would just “consume” more that the economy would magically grow. |
Marc Joffe, The Hill Even the high end estimate is well below the total cost of his health care, climate change, infrastructure, education and other spending plans. |
Harold Furchtgott-Roth & Kirk Arner, RCM The COVID-19 pandemic has forced millions of Americans to work and learn from home. The same goes for entertainment. Without movie theaters, concerts, and live sporting events to attend, Americans have been consuming more content at home than ever before, including videogames, broadcast TV, cable TV, and of course, Internet video. Among video services, the greatest growth during the pandemic has been for over-the-top, or “OTT” streaming services. This, of course, should be no surprise—particularly in a work-from-home environment when both work and sleep... |
John Bel Edwards & Kim Reynolds, USA Today We as governors — along with decision makers in state legislatures, school boards, workforce boards, and city and county governments — assess each day the growing damage of COVID-19 to our economic, educational, social and health care systems. We are especially concerned about the millions of young Americans who have been away from school for many weeks and graduating seniors who seek to enter the workforce and higher education. |
Mark Hulbert, MarketWatch Build exposure to international stocks when the dollar loses ground |
Sheelah Kolhatkar, The New Yorker Three weeks ago, Sara Nelson, the president of the Association of Flight Attendants-C.W.A., received a call from a veteran flight attendant who has been working for twenty-five years and who has continued to work during the coronavirus pandemic. “He loves flying, he loves his career,” Nelson told me recently. During a flight to Los Angeles, the flight attendant told her, he’d had a panic attack triggered by the possibility that he might contract the virus and become severely ill. During the layover, he went to his hotel room and sheltered in place. He was too scared to... |
Katie Brockman, Motley Fool Saving for retirement is tough, and once you reach retirement age you may think the hard part is over. However, you have one more challenge – making sure your savings last as long as possible. |
Nicole Gelinas, NYP Congress should update the tax code to reflect this new reality: The American home is no longer just a place for family and leisure, but also a place of business. |
Richard Moody, Regions Bank |
T.J. Troutner, Equius Partners |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial |
Liz Ann Sonders, Charles Schwab The Fed left rates unchanged near-zero, as expected, while emphasizing that "the path of the economy will depend significantly on the course of the virus." |
Brad McMillan, Commonwealth Financial Network |
Douglas A. McIntyre, 24/7 Wall. Lord & Tayor and Tailored Brands just filed for bankruptcy, adding two to the number of traditional retailers that could not make it financially this year. |
Abigail Devereaux, AIER This week’s second-quarter advance estimate of GDP showing the most severe projected contraction on record has led to speculation as to what exactly made the United States economy contract so much, and if this contraction was avoidable. The two obvious effects analysts would like to tease out are the relative impacts of voluntary and involuntary reductions in consumption and production, particularly in the service industry. |
Kashmir Hill, New York Times As lawmakers debate whether Apple, Google, Facebook, and Amazon are monopolies, a reporter recalls her attempt to avoid interacting with the companies. |
Adam Brandon, RCM Recently, presumptive Democratic presidential nominee Joe Biden took to the stage in Dunmore, Pennsylvania to outline his plan for economic recovery. While the policies he was peddling were nearly identical to the relatively moderate framework he outlined in 2019, the tone of his announcement was quite different. He wrapped his message in the all too familiar language of the progressive left, calling for an end to “shareholder capitalism,” saying “the idea that the only responsibility a corporation has is to shareholders is an absolute farce.” Does Biden really trust... |
Charles Sauer, Washington Examiner Crony capitalism is a funny thing to watch. Cronies don't have a political party, don't have a prevailing ideological policy stance, and don't have a selfless moral framework. They advocate for themselves, their businesses, or the businesses of their clients. |
Yadav Gopalan & Thomas Lys & Daniel Taylor, The Hill |
Yanely Espinal, USA Today |
Andrea Riquier, MarketWatch Wealthy investors are the early adopters of direct indexing, but most observers think there will be a trickle down effect |
Editorial, New York Post New York City faces its greatest economic challenge in a century, worse than the Great Recession, 9/11 and the '70s fiscal crisis. So it's urgent to avoid discouraging investment and development â?" yet many politicians are still stuck in the pre-crisis past. |
Paul Krugman, The New York Times The right has made irresponsible behavior a key principle. |
Douglas A. McIntyre, 24/7 Wall St. The earnings of two of the most dominant tech companies in America showed that the middle class has money to spare, even when tens of millions of Americans are out of work. Big tech has not merely held on financially. It has flourished. |
Diane Coyle, Project Syndicate Though the tech monopolists may capture significant short-term gains from the accelerating shift online, the recent congressional antitrust hearing showed that they can no longer avoid the harsh glare of the political spotlight. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Jon C. Ogg, 24/7 Wall Street All those investors who were buying into the hype that Kodak will be a major player in making materials for generic drugs with a big government loan are being reminded just how chasing news pops in companies with a tarnished past can be. |
Tom Warren, The Verge Microsoft has confirmed it's trying to secure a deal for TikTok in the US. If successful, Microsoft will run TikTok in the US, Canada, Australia, and New Zealand. |
Itzhak Ben-David, Pro Market In the hedge fund industry, there is a material disconnect between funds' lifetime performance and lifetime incentive fees for managers. |
Danny Crichton, TechCrunch What should Microsoft get in exchange for paying off the government to takeover TikTok? |
John Taylor, Project Syndicate If there is a potential silver lining to the United States' experience with COVID-19, it can be found in the domain of primary and secondary education, where the demand for alternatives to traditional public schools is surging. The pandemic has both laid bare the US education gap and pointed the way to a solution. |
Ben Popken, NBC With federal unemployment benefits ended Friday and no deal in sight, some of the 32 million unemployed Americans are resorting to food banks for the first time in their life. |
Ben Carlson, A Wealth Of Common Sense Rates are at 200 year lows. Who would buy bonds here? | |
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