08/06/2020
Today

"Work From Home" Will Die As Most Faddish Office Concepts Do

Gene Marks, Hill

Let me make this bold prediction: Within two years we'll come to realize that the work-from-home trend is nothing more than a fad.

Fearing Another Dip, Many Companies Go Temp Route

Paul Davidson, USA Today

Ginger and Mario Diaz furloughed all 13 of their employees when the COVID-19 pandemic shut down their two gift and party shops in San Antonio in March. The couple rehired eight of the workers in April through a forgivable federal loan, and that bare-bones staff was more than enough to handle sales that were down about 55% when they reopened in mid-May.

Fallacious Drs. Fauci & Redfield Fan Tragically False Hysteria

Michael Fumento, I&I

nvisible in this mass hysteria is the utter incompetence of Dr. Robert R. Redfield and to only a lesser extent the conniving of Dr. Anthony Fauci.

Why Markets Don't Seem to Care If the Economy Is Weak

Barry Ritholtz, Bloomberg

So many of the most battered industries don?t matter much because of the way stock indexes are structured.

What We Can Learn From a Huge Oil Discovery In Gayana

Benjamin Zycher, RCM

The Trump administration proposed last month a reform of the regulations implementing the requirements of the National Environmental Policy Act, for decades a source of massive delay and cost increases for federal projects, yielding actual environmental harm because of an inherent bias in favor of the status quo over new investment promising improved environmental outcomes. It can come as no surprise that criticism from the environmental left has been vociferous; even as the critics claim that the reform will sacrifice “our clean...

Why Can't Government Leave Freelance Customers Alone?

Ryan Ellis, Examiner

Even before the coronavirus pandemic, people had shifted the way they purchased goods and services in radically transformative ways. Where we once hailed a cab, we learned to use a ride-sharing app. Groceries and other packages are delivered to our homes on a regular basis. We can hire people to mount televisions or put together bookshelves while we work. You used to have to live in Manhattan, New York, to get anything delivered to your door â?" now, you can even do it in Manhattan, Kansas.

A Speculation That Stock Market Will Be Flying High In a Year

Michael Brush, MW

Big surprises on the vaccine front plus the impact of economic stimulus will fuel stocks

Insurers Say Businesses Not Pandemic Covered

Mary Williams Walsh, New York Times

The N.B.A.'s Houston Rockets and restaurants like Chez Panisse are among those suing their insurers for refusing to pay "business interruption" claims during the coronavirus outbreak.

Trump Tariffs Threaten Jobs and Beer in the United States

Lynn Westmoreland, RCM

For many, enjoyment of an ice-cold beverage in an aluminum can is a simple and rare moment of pleasure amid the current turmoil. Yet, some special interests in Washington are encouraging President Trump to impose tariffs on Canadian aluminum which could make an existing shortage of aluminum cans much worse. One of the first rules of politics is to try not to make a bad situation worse. Especially one that makes it harder or more expensive for people to enjoy their favorite beverage, whether it’s Cherry Coke or Budweiser. The president should avoid this landmine. Trump...

$600 Benefit Seems Great Because Wages Are So Insanely Low

J.C. Pan, TNR

Why Trump's TikTok Battle w/China Is Worth Fighting

James Jay Carafano, Fox News

Even if the U.S. counters Huawei and TikTok, China will keep looking for other ways to suck information from the free world.

The U.S. Headed for an Unprecedented Wave of Evictions

Bryce Covert, The Nation

The disappearance of renter protections imposed in the wake of the pandemic will almost certainly lead to the worst housing crisis in a generation.

Don't Play GDP Politics

Brian Wesbury & Robert Stein, First Trust Advisors

'Economic Recovery' Overtake 'Economic Depression'

Jerry Bowyer, Vident Financial

July ISM: Will Employment Follow Orders Higher?

Richard Moody, Regions Bank

What Investors Can Learn from Admiral Stockdale

T.J. Troutner, Equius Partners

Has the Second Wave Peaked?

Brad McMillan, Commonwealth Financial Network

If Never Another GDP Report Like This, It Will Be Too Soon

Richard Moody, Regions

How Far We've Come, But How Far We've Got to Go

Jerry Bowyer, Vident Financial

Boomers Can't Regulate Technology They Do Not Understand

Brad Polumbo, FEE

There are few issues left in Washington, DC on which both parties can agree. Yet increasingly the push to regulate “Big Tech” is an area of agreement for Republicans and Democrats. This consensus was on full display at last week’s contentious congressional hearing featuring top tech CEOs such as Google’s Sundar Pichai, Amazon’s Jeff Bezos, Apple’s Tim Cook, and Facebook’s Mark Zuckerberg.

Is Microsoft Certain That It Wants to Buy TikTok?

Greg Bensinger, The New York Times

Running a social media service brings headaches and scrutiny.

More Housing's the Answer to Less Transit

Michael Hendrix & John Ketcham, City Journal

Upzone commercial areas to allow more housing in them. If employees return to physical workplaces after months of lockdown, they face a conundrum: take public transit, at a time when many fear crowds and COVID-19, or drive alone. If enough workers opt for the latter, New York City will face the...

Why John M. Keynes Is Still a Source of Fascination

Samuel Gregg, Law & Liberty

A rich intellectual life outside of economics made him interesting.

Big Bank Hypocrisy: Inconsistent Morals, Consistent Profits

Rep. Don Young, Hill

The great people of Alaska appreciate and respect our beautiful and unique ecosystem. We also know that oil can be safely extracted while protecting the environments and respecting the culture and traditions of Alaska Natives. The big banks haven't shown us profiles in courage by any means.

Possible Market Top Doesn't Have to Upend Retirement

Catherine Brock, Motley Fool

You've heard the whispers and warnings of a possible stock market bubble, and you're spooked. You just survived a big drop in your portfolio's value back in March, and you're not ready to go through it again. Is it time to cut your losses and get out, ahead of another crash?

Why the Jobs Recovery In the U.S. Could Be Slowing Down

Anneken Tappe, CNN

America's fragile jobs market recovery, after just two months of improvement, appears to be losing steam as Covid-19 infections rise and federal funds for businesses begin to dry up.

Richard Branson and Rolls to Build The Concorde Of Future

David Dawkins, Forbes

Virgin Galactic, the space tourism arm of billionaire Richard Branson's Virgin empire, will work with engine maker Rolls-Royce to develop an aircraft capable of travelling at around three times the speed of sound.

Economies Can Fix Themselves If Lockdowns End

Tim Worstall, Washington Examiner

How do we get out of this? We know how we got into it, but solving our problems is what concerns us now. The answer to economic questions is probably just to stop closing things down. Where the world has been doing exactly that, the economies have opened up again.

Here's the Meaning of Lapsed Unemployment Benefits

Jessica Menton, USA Today

Christopher Bolei is worried about how he’ll make ends meet now that the $600 federal unemployment benefit is cut off. In March, Bolei, 63, who lives in San Rafael, California, was laid off from his job as a maintenance supervisor at a startup that manages real estate properties. After falling behind on rent, he fears he’ll get evicted as rent moratoriums expire.

Trump Has No Right to Demand $$ From Forced TikTok Sale

Therese Poletti, MW

President's use of CFIUS to demand spinoff of TikTok appears legal, but no rules say he can command a cut like in his beloved real-estate industry

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

This Madness Will Not End Well

Scott Sumner, The Money Illusion

Before becoming president, Trump said things that were so bizarre and so offensive that most people assumed he could not possibly be serious. They’d say things like, “Trump should be taken seriously, but not literally.” Turns out we should have taken him literally.

America Needs A Bar & Restaurant Bailout

Matthew Yglesias, Vox

You can't eat with a mask on.

Kansas Should Go F--- Itself

Matt Taibbi, Reporting by Matt Taibbi

Author Thomas Frank predicted the modern culture war, and he was right about Donald Trump, but don't expect political leaders to pay attention to his new book about populism

Michael Dell's America

Andrew Stuttaford, National Review

Amid all the current gloom, it was refreshing to read an interview with Michael Dell by David Gelles.

COVID Coin?

Kenneth Rogoff, Project Syndicate

The COVID-19 pandemic is accelerating the long-term shift away from cash, and monetary authorities risk falling behind. A recent report from the G30 argues that if central banks want to shape the outcome, they need to start thinking fast.

What Always Changes

Morgan Housel, Collaborative Fund

A few things that always change, never staying in one place for long.

Teachers Should Do Their Jobs. Just Like I Did.

Kristen McConnell, The Atlantic

Schools are essential to the functioning of our society, and that makes teachers essential workers.
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