12/17/2020
Today

What Gets You 'Zucked' By Increasingly Woke Facebook

A.J. Rice, RealClearMarkets

It's the new sign on the door . . the rebooting of the covenants in real estate contracts forbidding sale or transfer to certain people. Just different people, today. And different ideas, too. The other day, news broke that Facebook will henceforth be applying racist policies - which they style more "nuanced" - to the race it's becoming acceptable to second-class. White people. It's ok to call them "stupid" and "pigs" - some of the specific examples cited by news coverage of Facebook's allowable slurs - but you'll get Zucked - i.e., your posts scrubbed, your account cancelled - if you post...

Need for Action Against FB Has Long Been Obvious

Kara Swisher, New York Times

It's not too late for the government to take back power from Big Tech.

Beware of Politicians Trying to Rescue You from Tech

Paul Steidler, RealClearMarkets

Americans are scrambling, adapting, and persevering to celebrate Christmas and other holidays ten months into the pandemic. And the celebrations will go on because of American grit and technology, which will make this season safer and even more joyous. Yet a growing chorus of politicians on the left and right, in Europe and America, has been bashing America's pre-eminent technology companies - Apple, Amazon, Google, and Facebook. The companies have come under attack for various business practices, but the prescription and core messaging are the same: punish these companies and break them up...

They're Waking Up To the Feckless Nature of Ratings Agencies

Market Minder, FI

People are starting to notice that credit ratings are mostly symbolic.

Decimal Pt. That Blew Up World

Jeffrey Tucker, American Institute for Economic Research

"A terminological confusion, a misplaced decimal point, a one-word error in data description, and a massive amount of arrogant presumptions about how to control a virus set in motion a series of events that turned our great and prosperous country into a disaster of confusion, demoralization, foregone medical services, closed businesses, wrecked arts and education, and long bread lines. The lockdowners who created this appalling disaster, the people who turned our trust into betrayal and a blizzard of statistical baloney, need to look at the science and data as they stand and come clean."

The Right In U.S. Senate Continue to Ignore the Unemployed

Max Burns, The Hill

Unlike business leaders, unemployed events workers aren't a powerful lobby group. They struggle to book time on their senators' schedules.

Georgia Runoffs Could Affect America's Reopening

Jason Pye, Washington Examiner

As a Georgia native, I know that the Georgia Senate runoffs will affect far more than partisan control of Congress. It could also determine whether some working families and small-business owners retain their jobs and livelihoods in the months to come.

'Buy American' Is Something Trump and Biden Sadly Agree On

Alice Calder, FEE

Joe Biden and Donald Trump were two very different presidential candidates, but they agreed on at least one key point. Too bad it's one they're both wrong about: The importance of "Buying American." The catchphrase sounds nice, but behind the rousingly patriotic rhetoric is a seriously misguided economic philosophy that hurts American individuals and businesses.

Looming Stimulus Deal Foretells Disappointing Gridlock

David Faris, The Week

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons.

Blockchain Can Unlock Enormous Economic Potential

Jake Ryan, RealClearMarkets

For the past decade, automation has been steadily transforming the way we do business.Companies use artificial intelligence (AI) to improve systems ranging from e-commerce to customer support. They deploy robots for rote physical tasks. Smart sensors linked to the Internet of things (IoT) are capable of tracking almost anything. That represents a huge step forward in automation. And yet there's another leap to make: from automation t oautonomy. You can create fully autonomous systems by linking the capabilities of AI, IoT, and robotics to blockchain technology. What's changed is that...

When They Buy/Sell, Lawmakers Play with Fire

Anneken Tappe & Scott Bronstein, CNN

Members of Congress who own stocks might face ethical dilemmas when they shape laws that could hurt -- or help -- their portfolios. Just ask Georgia Senators David Perdue and Kelly Loeffler.

Here Are Some of My Worst Investment Calls from 2020

Jeff Reeves, MarketWatch

I was wrong about COVID-19?s impact on the S&P 500, about marijuana stocks, about bitcoin and more

The Youngest Cities in the United States

Max Anderson, Porch.com

The U.S. population is getting older. Aging Baby Boomers and declining fertility rates mean that for the first time in the country's history, older peopleâ?"those 65 years and olderâ?"are projected to outnumber children by 2030. Additionally, people under age 35 account for only 45.4 percent of the population, a proportion that is nearly 10 percentage points? Read more »

Fed Policy to Remain Easy for 'Quite Some Time'

Richard Moody, Regions Bank

Stimulus, Bailouts, and the Fed

Brian Wesbury & Robert Stein, First Trust Advisors

Credit Markets Reveal Less Optimism

Russell Redenbaugh & James Juliano, Kairos Capital

There's Only One Certainty About This Week's FOMC

Richard Moody, Regions Bank

Georgia Runoffs Hold Key to 2021 Policy Agenda

Michael Townsend, Charles Schwab

Results will have a profound impact on the Biden administration's ability to move its policy agenda forward in the first two years.

Is It Time to Surrender on Entitlement Reform?

Dan Mitchell, International Liberty

Back in 2015, just five years ago, it seemed like entitlement reform might happen. Republicans in the House and Senate voted for budgets based on much-needed changes to Medicare and Medicaid. That was only a symbolic step with Obama in the White House, to be sure, but the presumption was that actual reform would be?

Taxing Workers for Staying Home Is a Policy Rooted In Envy

Chloe Anagnos, FEE

In 2018, just 5.4 percent of the US's working population worked remotely. By mid-2020, it had turned into reality for 56 percent of the workforce. While not all workers forced to stay home were quick to welcome the change, many learned to enjoy it over time. With state governments beginning another round of lockdowns, it isn't shocking to see many companies choosing to carry on with remote work.

A Case for Breaking Up Google's Monopoly Over Search

Ryan Cooper, The Week

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons.

Politicians Truly Yearn to Break Up American Innovators

Jane Shaw Stroup, AIER

I'm as concerned as anyone about Facebook's "fact-checking," deleting posts, and political interference. But the Dec. 9 announced prosecution by the Federal Trade Commission and 46 state attorneys general is not about that. It is an attack on the company's size and monopoly power. An earlier launch by the Justice Department against Google is along the same lines. The Federal Trade Commission claims that Facebook "is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct." It wants Facebook to divest itself of two immensely popular...

Fed Joins Climate Network, to Applause From Left

Jeanna Smialek, New York Times

The central bank joined a network of global financial regulators focused on climate risk. The response to the move underlined its tricky politics.

Fight du Jour No Scapegoat for Mounting Debt/Health Crisis

Richard Williams, Hill

Everyone always says, this time (fighting this crisis du jour) is different, so we've got to spend more. No, we don't â?" and our health depends on it.

Trial Lawyers Chasing Jackpots with Climate Suits

Curt Levey, Washington Examiner

The battle between Big Oil and the states and municipalities suing them for the purported climate-related damage caused by carbon emissions is focused, for now, on the potentially pivotal question of whether the lawsuits should be heard in state or federal court. Next month, the United States Supreme Court will hear one of these growing number of cases. The defendant oil companies in the case, ExxonMobil, BP, Chevron, and the like, are seeking the right to appeal a federal court's decision to remand the case back to the state court where Baltimore originally filed its suit.

Paul Krugman Makes Yet Another Failed Swipe at Reaganomics

Dan Mitchell, IL

In my humble opinion, Ronald Reagan was the only president in my lifetime who deserves praise for both believing in liberty and delivering good results. His sound policies help to explain why the economy boomed after his policies were implemented, which is in stark contrast to the economy's anemic performance during the Obama years. There's?

A Rescue From Intense Madness

Joakim Book, American Institute for Economic Research

What Happens to Unemployed When Checks Run Out

Eduardo Porter, New York Times

Millions face a steep and immediate drop in spending power when federal jobless benefits end this month, with a sharp rise in the poverty rate.

The CCP Has Infiltrated Many Major U.S. Companies

Miranda Devine, New York Post

Boeing, Qualcomm and Pfizer are just three US companies who have employed dozens of CCP members in their Chinese facilities, the database reveals.

Attacks on Section 230 Reveal Much More Perilous Strategy

Jared Schroeder, Hill

Lawmakers against Section 230 know, in a fragmented, polarized networked environment, they don't have to be accurate.

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

Americans Are in Full Revolt Against Pandemic Lockdowns

J.D. Tuccille, Reason

Individually and in organized groups, people are pushing back against lockdown orders.

The 10 Best Wide-Moat Stocks of 2020

Susan Dziubinski, Morningstar

Do any of 2020's top performers have gas left in the tank for 2021?

2020 In 20 Charts

Rani Molla, Vox

From voting to vaccines and from protests to pets, a look at 2020's biggest trends.

Don't Make That IRA Contribution Until You Read This

Brett Arends, MarketWatch

Do you want to pay taxes now, or later?

Should You Shift To A Dollar Hedged Portfolio?

James Picerno, Capital Spectator

A bear-market bias continues to weigh on the US Dollar Index, which has tumbled sharply this year.

S&P 500 CAPE Ratio: 2020 vs 1929

Barry Ritholtz, The Big Picture

Yes, stocks are expensive. But the CAPE may not mean what you think it means.

Flight of the Icons

Joel Kotkin, City Journal

Anti-business policies are driving flagship firms out of California.
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