04/19/2021
Today

The Failed Promise of 'Organic Foods'

Phil Harvey & Matthew Rees, RealClearMarkets

This year marks the 20th anniversary of the U.S. Department of Agriculture starting to implement its organic food rules. They allow companies to feature a "USDA Organic" seal on their packaging. This seal of approval has helped the U.S. organic food market expand from less than $8 billion in sales in 2000 to more than $50 billion in 2019. But as the market has grown, so have the falsehoods about organic food. It's useful to remember what the "organic" designation was - and was not - meant to be. The goal was simply to fortify trust in the fast-growing but fragmented organic food market. "Let...

State of Plant Food Industry Shows How Far We Have to Go

Kenny Torrella, Vox

We're eating more meatless meat than ever, but it's still not much.

Cowardly CEOs' Woke Activism Is a PR Gimmick

Charles Gasparino, New York Post

Hysteria, groupthink and a fair amount of hypocrisy are the key ingredients in a ruinous cocktail that has managed to intoxicate some formerly profit-focused boardrooms. One day, it's the Ad…

Investment Returns AND Social Justice Prove Complicated

Paul Sullivan, NYT

The family behind the Nathan Cummings Foundation agreed four years ago to invest more of the endowment in social justice causes. In a new report, it discusses how difficult that was.

Banks' Blowout Growth Is Great, but Looks Back

Market Minder, Fisher Investments

Q1 (and Q2) earnings may be great, but stocks are already looking beyond them.

Bernie Madoff Is Dead, But His Lessons Should Live On

George Demos, The Hill

I was on the SEC team that prosecuted Madoff — what lessons should we learn today?

Global Minimum Corporate Tax Is Form of Denial

Andrew Wilford, RealClearMarkets

The Biden Administration has cast its recent push for a global minimum corporate tax rate as a principled stand, an exercise in using multilateral agreements to coordinate a reshaping of the global corporate tax landscape. Ultimately, however, these appeals to a higher tax policy purpose are a load of bunk — the overriding goal is extracting as much money as possible. In announcing the United States' interest in establishing a global minimum corporate tax of 21 percent, Treasury Secretary Janet Yellen described her intent to halt a "race to the bottom" in which countries had to compete with...

Americans Have Suffered the Filing of Taxes for Too Long

Hayes Brown, MSNBC

Return-free filing is possible. Let's make it happen.

Biden Can Bring Progress If He Boosts Corporate Tax

Indivar Dutta-Gupta, USAT

Biden's plan would rein in corporate power and profit and launch a new era in which the wealthy finance large-scale investment for the public good.

Democracy Depends on Dialogue: Please Support RCF

David DesRosiers, RCF

Is Biden the Next FDR? It's a New Deal Question

Michael Hiltzik, Los Angeles Times

Biden is being compared to Franklin D. Roosevelt, but the resemblance is complicated.

The Extraordinary Naivete of the Dems' Economic Planning

John Tamny, Forbes

Government spending is always and everywhere a consequence of economic growth, not an instigator of same.

Growth or Value? You Can Have Both?

Pat O'Hare, Briefing.com

Residential Construction: Payback and Then Some

Richard Moody, Regions Bank

Will You Have Enough for Retirement?

Rob Williams, Charles Schwab

How to turn retirement savings into retirement income.

This Market Has Mania Characteristics

Jeffrey Kleintop, Charles Schwab

The specific set of conditions that have historically characterized the start of an investment bubble appear to be forming.

Why the Future Looks Bright For The Bulls

Ryan Detrick, LPL Financial Research

Market Blog Wednesday, April 14, 2021 "I look to the future because that's where I'm going to spend the rest of my life." George Burns

Our View As Reopening Begins

Daniel Kern & Renee Kwok, TFC Financial Management

How Can I Stop Living Paycheck to Paycheck?

Carrie Schwab-Pomerantz, Schwab

Living paycheck to paycheck can feel like you're on an endless financial treadmill. Here's how to jump off.

Looking Back at the First Roaring Twenties

Robert J. Shiller, New York Times

To understand where the stock market may be heading, a Nobel laureate examines the pop culture of one of the greatest bull markets in history.

Reasons To Doubt The Buffett Indicator

Gregory van Kipnis, AIER

"There are other reasons for the Buffett Indicator ratio to be trending higher. Corporate earnings are growing nearly twice as rapidly as the growth in nominal GDP. The Buffett indicator, though at high historical levels, is not per se signaling that the market is overvalued."

Not Everyone Was Surprised By Madoff's Ponzi Scheme

Alicia McElhaney, II

The inside story of how Jim Vos and his team at Aksia helped unspool the mystery of Bernie Madoff.

Josh Hawley's Dangerous 'Trust-Busting' Bill

Katherine Revello, Reason

Hawley's legislation would give officials more room to unilaterally punish business behaviors they personally don't like.

Three Takeaways From the Archegos Disaster

John Rekenthaler, Morningstar

Drawing public lessons from a private fund's problems.

A Crypto Wonk Is Running the SEC

Benjamin Pimentel, Protocol

Gary Gensler is the new head of the SEC

How People Get Rich Now

Paul Graham, Paul Graham.com

If we compare the 100 richest people in 1982 to the 100 richest in 2020, we notice some big differences.

A Shift In The Balance of Power?

Barry Ritholtz, The Big Picture

A massive shift is occurring in the labor market today, one that has been misinterpreted by economists of all stripes.

The Summer of 2021: Have Fun Kids. Stay Off My Lawn.

Scott Sumner, Econlib

This will be a very weird summer.

An NFT That Comes With An Actual House

Nate Berg, Fast Company

A 27-year-old real estate agent is auctioning off an NFT that comes with an IRL duplex in Thousand Oaks, California. Why?

Brother Can You Spare Me A DOGE?

Howard Lindzon, Howard Lindzon

If Bing Crosby were alive today he would have created an NFT of his song ‘Brother Can You Spare Me A Dime?‘

Have Bear Markets Changed Forever?

Michael Batnick, The Irrelevant Investor

Things are always changing

Citizen Science is Booming During the Pandemic

Sigal Samuel, Vox

From backyard astronomy to birding, amateurs have been busy collecting data — and making real discoveries.

Due Process Is Good, He Said Controversially

Matt Taibbi, TK News by Matt Taibbi

Gaetz, Greenwald, and accusations in the Twitter age
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