09/16/2020
Today Teresa Ghilarducci & Tony James, CNN Everyone needs to invest continuously in a protected retirement plan, but 401(k)s cover too few workers and do not help lower-income Americans save. |
Reuven Brenner, Law & Liberty After the Federal Reserve introduced its new approachto monetary policy at the end of August, Fed officials recognized that there is no “exact science” for applying the new inflation benchmarks. As the Fed continues to focus more on unemployment than inflation, it’s worth looking back and recognizing that such policies have never followed an “exact science.” |
Steve Forbes, Forbes Things will get ugly as the Fed dismisses 2%. |
Bernard Sharfman, RCM In two recently proposed rules, Financial Factors in Selecting Plan Investments and Fiduciary Duties Regarding Proxy Voting and Shareholder Rights, the Department of Labor (DOL) has made clear that under the Employee Retirement Income Security Act of 1974 (“ERISA”), Environmental, Social and Governance (ESG) investing does not have a place in the investment portfolio of an employer-sponsored pension plan and that a plan manager cannot participate in shareholder voting and engagement with portfolio companies unless these activities are expected to enhance... |
Benjamin Zycher, RCM When proponents of a tax increase resort to the age-old argument that it is justified because those prospectively subject to it are paying less than their “fair share,” observers safely can make two assumptions. First: The proposed tax increase cannot be justified on the basis of standard public finance principles. Second: Those being threatened are a political minority. Those truths are confirmed by Alaska Ballot Measure No. 1, the “Fair Share Act” (FSA)---the proponents see no need to be subtle---to be decided by state voters this November. Under current Alaska... |
Simon Henderson, The Hill BP predicts that world oil demand could peak by the early 2020s â?" meaning oil giants could be in deep trouble. |
Andrew Wilford, RCM There are plenty of differences to be found between Donald Trump and Joe Biden, but on one issue at least they speak with one voice. Of course, on that one issue — so-called “Buy America” regulations — they’re both wrong. “Buy America” is generally a politically popular concept, evoking ideas of restoring the heyday of American manufacturing. Unfortunately, curtailing trade won’t solve that problem. According to a Ball State study, just under 88 percent of manufacturing job losses are attributable to productivity growth rendering those... |
John Cassidy, The New Yorker A few days ago, Bernie Sanders warned Joe Biden’s campaign that it needed to broaden its focus from attacking Donald Trump. “You got to give people an alternative or reason to vote for you other than saying, ‘I’m not Donald Trump,’ ” Sanders, who is supporting Biden, told PBS. “And that means talking about an economics program, which Biden has. It’s not as strong as I would like it—it’s not the Bernie Sanders program, despite what Trump will tell you. But it is a strong program that will improve the... |
Editors, I & I Households saw the biggest jump in real median income in at least 52 years, a new Census report shows. |
Chris Miller, New York Times The United States' technological dominance gives it an immense power. But how long will that last? |
Andy Puzder, The Federalist The Democrat-media complex has a new mission: to distract our attention from President Trump’s incredible—and I mean incredible—progress on both economic and foreign policy. |
Zachary Karabell, Politico Banning the popular app made headlines, but the hard work of data security lies elsewhere. |
Leadbetter, Li & Linnainmaa, Research Affiliates Adding intangible assets to book value provides a more robust measure of firm capital. But, just as a home buyer considers a host of variables when evaluating the price of a new house, we prefer to use multiple metrics, not book value alone, to get the most complete picture possible of a firm's valuation. |
Brian Wesbury & Robert Stein, First Trust Advisors |
Ryan Detrick & Jeffrey Buchbinder, LPL Financial |
Russell Redenbaugh & James Juliano, Kairos Capital Management |
Richard Moody, Regions Bank |
Brad McMillan, Commonwealth Financial Network |
Carrie Schwab-Pomerantz, Charles Schwab |
Steven Bertoni, Forbes It took decades, but Chuck Feeney, the former billionaire cofounder of retail giant Duty Free Shoppers has finally given all his money away to charity. He has nothing left nowâ?Â"and he couldn't be happier. |
Mark Hulbert, MarketWatch Forbes 400 list shows that Wall Street is not where great fortunes are built |
Jeremy Beaman, Washington Examiner Socialist ideas are very much on the ballot in November. |
Jack Money, Oklahoman I still don’t know whether or not I will have a “Payroll Tax Holiday” between now and the end of the year. Do you? Employers, it turns out, have the option on whether to opt in or out of the program authorizing them to defer collecting Social Security tax on wages earned by qualifying workers between Sept. 1 and the end of this year. |
Chris Talgo, Hill As Americans look to get back to some semblance of normalcy after the spring and summer shutdown, the last thing they need is teachers refusing to return to the classroom. |
Aaron Mak, Slate The database giant and the White House have a history of doing each other solids. |
Michael Munger, AIER Many economics lessons are treated as one-off curiosities, rather than insights into how the world works. I have been frustrated, for example, at the ability of students to recite the definition of opportunity cost accurately, and yet fail utterly to understand its implications. I wrote about this a while back in describing a test question I gave at Dartmouth College when I was teaching there in the 1980s: Suppose you want to go to a concert, but decide not to buy from a scalper because the tickets are too expensive. But then you find some tickets; do you go to the concert? |
Julia Horowitz, CNN Despite a rocky performance for stocks in recent weeks, Wall Street has remained level-headed, sticking to predictions through the end of the year and encouraging clients to stay the course. |
Joakim Book, American Institute for Economic Research If we have ventured outside our homes in these corona times, we might have seen that cafés and restaurants that remain open keep some seats and tables empty. Some have put up signs asking patrons not to use every table, while others ask its guests to keep an adjacent seat unoccupied or have altogether removed tables to create additional space. Even restrooms at airports or other public areas do this, closing every other stall or urinal. Some stores keep a strict limit on the number of people browsing for goods at any given time. |
Rob Henderson, New York Post Privileged protesters are keenly aware of how many "likes" they'll get if they post a photo with the right hashtags next to a burning building. |
Emily Brandon, U.S. News & World Report FEES AND PENALTIES FOR your 401(k) can often be avoided if you understand how your 401(k) plan works. You can also take advantage of employer contributions and tax breaks once you figure out how to qualify. |
Ron Lieber, NYT Gunslinging young investors are making stock ownership seem like a terrible idea for novices. But owning equities, with limits and guardrails, can teach kids plenty. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Art Carden, AIER So, you want to be a revolutionary... |
James Meigs, City Journal Apocalyptic rhetoric about climate change is undermining the fight for pragmatic solutions to the West's fire crisis. |
Mohamed El-Erian, Project Syndicate The old adage that every crisis represents an opportunity is certainly true in the case of COVID-19. Now that the pandemic has lasted longer and wrought more destruction than many initially anticipated, it is all the more important that policymakers seize on the positive trends it has incidentally set in motion. |
John Rekenthaler, Morningstar It might, if there weren't such a large information gap. |
Conor Sen, Yahoo Finance Companies are going to need flexible spaces |
Nick Maggiulli, Of Dollars & Data A deep dive into the world of income-producing assets and how you can use them to get rich. |
Anonymous, Institutional Investor An anonymous analyst, a medical fraud, and the $2.5 million thank-you gift. |
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