07/20/2021
Today P.J. O'Rourke, American Consequences Millennials and Zoomers, your financial illiteracy is not your fault. You came of age when money went abstract. So, here's a free lesson. |
Jonathan Chait, New York The president is rallying Democrats behind a sweeping $3.5 trillion budget package. It could be the key to winning 2024. |
Kirk Arner & Harold Furchtgott-Roth, RCM Recently, President Biden signed a sprawling executive order entitled "Promoting Competition in the American Economy." The executive order is premised on the notions: (1) that America lacks competition under current laws and regulations; and (2) that the executive order can lead to new regulations that will enhance competition. Among other things, the order calls for retrospective merger review, new Federal Trade Commission Section 5 rulemakings, and "greater scrutiny of mergers, especially by dominant [I]nternet platforms." The order addresses so-called "right to repair" issues and seeks... |
Dylan Matthews, Vox The videos of parents getting their checks aren't just a fun meme — they suggest a path for making the one-year policy permanent. |
James Edwards, RCM President Biden's July 9 executive order ("E.O."), "Promoting Competition in the American Economy," purports to promote competition. Let's just say the order presumes a whole lot. Its false presumptions lead to policies that weaponize a blunt instrument: antitrust. The White House claims that the E.O. addresses anticompetitive problems arising from consolidation in industrial sectors such as banking, hospitals, agriculture, technology and biopharmaceuticals. Unfortunately, the "trust busting" order is long on concentrating Big Government's power and short on fostering competition. |
Dan Alexander, Forbes Forbes estimates the pandemic helped wipe about $200 million off Trump's top line last year. |
Market Minder, Fisher Investments A return to slower economic growth is a return to a fine environment for stocks, in our view. |
Joseph Calhoun, AP Is there anyone left out there who doesn't know the rate of economic growth is slowing? The 10-year Treasury yield has fallen 45 basis points since peaking in mid-March. 10-year TIPS yields have fallen by the same amount and now reside below -1% again. Copper prices peaked a little later (early May), fell |
Seth Levine, Integrating Investor Beyond the grandiose proclamations and utopian visions surrounding the Metaverse and NFTs lie familiar concepts upon which any investor can rely. |
John Tamny, RCM Who knows if it will turn out to be true, but auteur Quentin Tarantino's publicly-stated plan is to retire from filmmaking after his tenth movie. He counts the two Kill Bills as one film, which means Once Upon a Time In Hollywood was his ninth. Tarantino's intention to retire on his own terms came to mind while reading Victoria College (Toronto) professor Ira Wells's very interesting new book, Norman Jewison: A Director's Life. Quick: name some of the films Jewison directed. Tick tock. Tick tock. Which is kind of the point. |
Ali Velshi, MSNBC.com The government has dropped the ball on space exploration. I'm glad someone has picked it up. |
James Pethokoukis, Week This is how innovation begins |
Richard Moody, Regions Bank |
Seth Karp & Greg Segal, THC In the more than 35 years since federal legislation created organ procurement organizations (OPOs) to recover organs from deceased donors for transplantation, there has been a disparity in their performance,... |
Daniel Kern & Renee Kwok, TFC Financial Management |
Brent Orrell & Daniel Cox, American Enterprise Institute The June 2021 American Perspectives Survey (APS) finds that people's work arrangements and preferences, unemployment experiences, and career aspirations are changing as workers navigate the new post-pandemic labor market. |
Various, Self Cities in the U.S. with the highest wages for new hires |
Richard Moody, Regions Bank |
Spencer Bokat-Lindell, New York Times If you've had to scour the market lately for an affordable car or a new apartment lease, you may have noticed: Things are getting more expensive. |
Paulina Likos, U.S. News & World Report The role of the Federal Reserve is to help the U.S. economy operate effectively. The Fed has a lot of power to influence the economy, and this indirectly impacts how stocks move. While the stock market is not the economy, it can be seen as a reflection of how confident consumers are about the strength of the economy now and in the future. |
Hanna Ziady & Mark Thompson, CNN Despite surging cases of the Delta variant of Covid-19 around the world, investors have largely been brushing off the risks, confident that vaccines will allow economic activity to return to normal. |
Ethan Yang, AIER "Despite the evidence, despite the advocacy, despite the public outcry, the lockdowners had their way with society. Some of them have gotten away with blatant hypocrisy while in positions of authority. The list is so large the Heritage Foundation even has a database to list the notable... |
Ryan Bourne & David Bier, New York Daily News Since last spring, the U.S. international border has generally prohibited entry from the Schengen EU travel zone, the U.K., Iran and China. India, South Africa and Brazil have since been added to the list. Other countries have not been, even as the virus has spread across the world. |
Alfredo Ortiz, The Hill A supersized IRS would mostly impact small businesses, which often must attempt to comply with the byzantine tax code on their own. |
Sen. Rob Portman, Washington Examiner A recent, little-noticed update on federal revenue projections from the nonpartisan Congressional Budget Office is yet another reason to reject the massive tax increases proposed by the Biden administration. |
Nicole Gelinas, New York Post Gov. Cuomo wants to ram a monstrosity onto a pandemic-traumatized Manhattan: his "Empire Station" and Penn South project. Nicole Gelinas tackles what this could mean for NYC. |
Victor W. Hwang, Inc. The new rules represent a profound opportunity for new companies. |
Mark Hulbert, MarketWatch Market breadth hasn't been this poor since October 2018 and the start of a 20%-plus decline. |
Larry Swedroe, Alpha Architect A high misery index predicts high future returns. |
John Rekenthaler, Morningstar The outlook for bonds is clearer than that for stocks. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Erica Pandey, Axios As the appreciation of public space grows, the humble mall could be the place to be |
Eddy Elfenbein, Crossing Wall Street We're coming up on the traditional peak in the four-year presidential cycle. |
Brett Arends, MarketWatch The risks for investors in and near retirement |
Jeffrey Carter, Points and Figures How to shine light on the dark money in politics. |
Veronique de Rugy, Reason It would require our enormous government to become less gluttonous with the people's resources. |
Daniel Brook, Harper's Magazine How Amazon turned a generation against labor |
John Tierney, City Journal Fearmongering from journalists, scientists, and politicians did more harm than the virus. |
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