07/08/2021
Today
David Eifrig, American Consequences Here are some vital tips covering everything from medical bill woes to overspending habits to enrich your life in the September of your years. |
Emily Stewart, Vox A sociologist on why people buy too many things. |
Richard Reinsch, Law & Liberty Editor's Note: This essay was originally published by RealClearPublicAffairs in its 1776 Series. The moral justification for markets finds itself on the defensive in the face of aggressive challenges issuing from progressives but also from economic nationalists on the right. Many of those on the right don't understand themselves to be challenging markets as such […] |
Henry Grabar, Slate Chicago, Baltimore, Los Angeles, Miami—who hasn't been promised a tunnel? |
John Tamny, RCM "If my son asks me for something and I can't give it to him, I just can't handle it." Those are the words of Saad al-Din Dimasi of Lebanon, as spoken to Ben Hubbard of the New York Times. Hubbard is covering the tragic economic implosion of Lebanon, and Saad is one of his subjects. In order to get gasoline, Saad puts his car in neutral with the automobile off "to preserve as much of his scarce fuel as possible." The wait to purchase gas is endless at present, and it's crushingly expensive given the collapse of Lebanon's pound. The latter has eviscerated Saad's income. |
Michael Hendrix, Governing State and local bans have been of some help in keeping renters in their homes, but the federal moratorium hasn't had much impact. Targeted cash relief and an abundant housing market are the best tenant protections. |
Jeffrey Tucker, RCM The Biden administration's announcement that it would go door-to-door pushing vaccines is alarming, to say the least. Vaccine data reveal that more than 90% of those vulnerable to severe outcomes from Covid are already vaccinated. Why not cheer this and move on? Why the unrelenting push for more and younger? How is this consistent with the idea of the common good? It's mystifying. The low rates of vaccinations among many might not reflect ignorance. They don't need to be muscled. They could be uninterested because they can read demographic data about Covid risk. Or maybe they are already... |
Thomas Vartanian, The Hill By rescinding the "true lender" rule, Congress and the president have once again reinjected a level of uncertainty into consumer lending markets |
Robert Hughes, AIER "Job openings hit another record high in May as businesses struggle to attract qualified workers in a tight labor market." – Robert Hughes |
Market Minder, Fisher Investments The employment picture is interesting, but it has little bearing on stocks. |
Mark Hulbert, MarketWatch Expecting your portfolio to beat inflation by 17% annually is wildly unrealistic. |
Emma Kerr, U.S. News & World Report Families are scheduled to receive their first iteration of the 2021 advance child tax credit payment starting on July 15, but not everyone who receives the payment will actually qualify for it. Those who don't qualify and fail to opt out will ultimately have to repay the monthly credit of up to $300 come tax season next year. |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Charles Schwab The path to financial independence can start right now with seven important steps. |
Eric Kober, Manhattan Institute Many American metropolitan areas exhibited robust job growth in the favorable economic conditions that prevailed for most of the past decade, up to the pandemic-induced recession of 2020. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Richard Moody, Regions Bank |
Collin Martin, Charles Schwab They can be a buffer against long-term inflation, but TIPS investing isn't always straightforward. Here are answers to frequently asked questions. |
William Gale & Claire Haldeman, Brookings In its first two years, the Tax Cuts and Jobs Act failed to deliver its promises on investment and growth says William Gale in a blog drawing from his new report on the 2017 tax reform bill. |
Larry Kudlow, The New York Sun It may not exactly be breaking news, but it turns out that people would rather have a job than a tax hike. In fact, it turns out, people would rather have a job than voting for tax hikes on other people. It also turns out that even limousine liberals |
Carol Roth, New York Post Lockdown proponents across the media are smugly patting themselves on the back, proclaiming that stay-at-home policies didn't harm the economy. |
Li Yuan, NYT The fallout from Beijing's crackdown on the ride-hailing app Didi has ensnared even those who made it a point to not mix business with politics. |
Elena Botella, Slate Wyoming is going to great lengths to draw cryptocurrency-related businesses to the state. |
John Tatom, The Hill The biggest objection to raising the capital gains tax rate is it is based on a false premise. |
Steven Milloy, Washington Examiner While the media eagerly covered G-7 leaders glad-handing themselves and cheering the return of the United States to multilateralism at their recent meeting in the United Kingdom, a much darker side of the meeting was largely unreported or even reported as a positive outcome. |
Rebecca Jennings, Vox The video app is causing products to blow up — and flame out — faster than ever. |
Rani Molla, Vox These workers will have major effects on cities and the areas outside them. |
Bruce Thompson, Examiner President Joe Biden has proposed trillions of dollars of tax increases on businesses, including raising the corporate tax rate from 21% to 28%. The president claims his new taxes will not touch anyone earning less than $400,000. |
Julia Coronado, New York Times Friday's jobs report, and a slew of other data, shows going big and going early works. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Maya Sibul, Morningstar Author and Wall Street Journal columnist Jason Zweig talks trading trends and the future of the fiduciary standard. |
Addison Del Mastro, City Journal A uniquely American place can bring down housing costs for families, if we can restore the conditions that made them possible. |
David Powell, Humble Dollar OVER A PRODUCTIVE 30-year career that ended in 1950, Willie Sutton robbed as many as 100 banks for gains worth $40 million today—without ever firing a shot. That sort of bank robbery is rare now and, when it happens, customers don't lose a dime, thanks to FDIC insurance. Today, Sutton—the Babe Ruth of robbers—wouldn't waste time knocking over banks. Trillions of dollars held in millions of internet-accessible retirement and brokerage accounts are much softer and more lucrative targets. |
Lily Hay Newman, Ars Technica Everyone hates the old ways of authentication. But change comes with its own drawbacks. |
Ironman, Political Calculations According to trade data published by the U.S. Census Bureau, the year-over-year growth rate of trade between the U.S. and China slowed dramatically in May 2021. |
Nick Maggiulli, Of Dollars And Data On the risks and rewards of investing in stocks outside of the U.S. |
Morgan Housel, Collaborative Fund Barry Ritholtz asked people for their top 10 money rules last week. Here are mine. |
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