August 25, 2019

Money

"The yield curve’s inverted! The yield curve’s inverted! That was the news I awoke to last Wednesday on CNBC as the 10 year Treasury note yield dipped below the 2 year yield for the first time since 2007. That’s the sign everyone has been waiting..."

"Global markets were seized by fear last week that trade wars were slowing growth in Germany, China and the United States. But the story here is bigger than President Trump and his tariffs. The postwar miracle is over. Since the financial crisis..."

"With the presidential campaign under way, expect to hear a lot more about a shiny new toy of progressive economic thinking, “modern monetary theory.” It seems to be the only intellectual contortion that might allow candidates to promise..."

"America is built on the illusion of wealth. It’s a credit-heavy system where certain people – especially white men – can get extremely far by bluffing (besides the bankers and the bullshitters, take a look at Silicon Valley for proof of that)..."

"In the six years since Lean In was published, Sheryl Sandberg’s capitalist brand of feminism has been embraced, rejected, and intensely debated within the professional sphere. Amidst this public examination of the work lives of women..."

"The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day. That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since last year’s Bloomberg ranking of the world’s..."

"Parents would be remiss if they did not talk to their children about drinking and driving, using drugs and, of course, sex. Some go even further, discussing subjects like bullying and mental health. So why do a significant number of parents..."

"Late on Monday, the Trump administration turned its trade war with China up to 11, by officially labeling the country a "currency manipulator." It was an obvious reaction to a sudden fall in the value of China's currency, which will help keep..."

"Stocks plunged this afternoon in Wall Street’s worst day of the year, as the trade war between the United States and China entered a dangerous new phase that could imperil the historic U.S. recovery. The Dow Jones Industrial Average and the S&P..."

"CNBC’s annual state-by-state “business climate” study is out. No surprise, we’re dead last — No. 50 — among the states for “cost of doing business.” Here’s an area where you don’t want to say, “As California goes, so goes the nation.” Almost..."

"When the Venetian merchant Marco Polo got to China, in the latter part of the thirteenth century, he saw many wonders—gunpowder and coal and eyeglasses and porcelain. One of the things that astonished him most, however, was a new invention..."

"The socialist sideshow is hitting the road to tout their bad sales pitch to the American people during the debates in Detroit this week. No matter which night you watch, or if you tune out, ideas of government health care, axing private...."

"Forget about getting everything right. Most people are so consistently wrong that merely avoiding major errors is enough to set you apart from the pack. That is the message in the latest data from Dalbar, a Massachusetts research firm that has..."

"Conservatives are always hesitant to support new taxes. For one thing, we have a deeply nonsensical, overcomplicated tax regimen already, where too many people are charged too much with too little of a return. Since taxes are fungible, adding..."

"The rap on Washington is that it’s too partisan and accomplishes little. We’ll take that if the alternative is this week’s budget deal that is a win for the political faction that really runs the place—the bipartisan spending party. Breaking..."

"Have you heard the news? Presidential candidate Elizabeth Warren has a plan. No, not that plan, nor that one, but another plan: this one. She says the U.S. is on the verge of a terrible recession, one which she has a plan to beat. So far so..."

"These days, not even the rich feel rich. According to a recent survey by the financial-advisory firm Ameriprise Financial, only 13 percent of American millionaires classify themselves as wealthy. Even some of those surveyed who had more than $5..."

"My late grandmother drilled into our heads that we were middle class. To her, this was a source of great pride; being middle class wasn’t just better than being poor, it was also better than being rich. And she apparently wasn’t alone. Surveys..."

"A few years ago, Amy Balliett, CEO of a Seattle-based design and marketing firm, noticed that as the work week slogged on, her employees’ energy and productivity wilted. “That would slump to such an extent that the same task on Monday would..."

"Big Government lobbyists and entrenched bureaucrats are predictably hysterical about a common-sense congressional push to improve transparency and accountability about wasteful taxpayer-funded monkey experiments. They’re worried that once..."

"Editors’ note: This is part of a series, “Op-Eds From the Future,” in which science fiction authors, futurists, philosophers and scientists write Op-Eds that they imagine we might read 10, 20 or even 100 years from now. The challenges they..."

"During the 2012 presidential election, there occurred one of those remarkably rare moments when campaign rhetoric actually clarified a large issue. It happened when Barack Obama, speaking without a written text, spoke from his heart and..."

"There’s a strong case that the most important economic policy decisions of the past decade have been at the Federal Reserve. In the wake of the 2008 financial crisis, America’s central bank decided which troubled financial institutions would..."

"The other day, The New York Times released a collection of first-person testimonials, entitled "What Middle-Class Families Want Politicians to Know." There was a hiccup though: Nearly everyone included in the piece was making over six figures...."

"You know when Kanye West is coming. His matte-black Lamborghini SUV rumbles up his gated driveway on the outskirts of Los Angeles like an earthquake, and when he steps out, in a white T-shirt and dark sweats, the obsessiveness kicks in..."

"Donald Trump tried to turn Independence Day into a celebration of himself. It was—thanks to poor planning, bad weather, and his hubris—a catastrophe. But a day later, Trump found another, less expensive way to throw a victory parade: the release..."

"The 2020 Democratic field now teems with proposals to mitigate rampaging wealth and income inequality, from Kamala Harris’s plan to increase tax credits for low- and moderate-income families to Elizabeth Warren’s wealth tax. Such plans overlook..."

"Legendary multi-billionaire businessman Eli Broad wrote a heartfelt New York Times opinion column this month urging a broad wealth tax to improve income inequality. Worthy goal. The column's subhead says, “Wealthy people like me should commit to..."

"If you believe the signals coming out of the bond market, it might be time to start counting down until our next recession. As of this week, the U.S. Treasury yield curve has now been inverted for a full quarter—an incredibly dull-sounding turn..."

"In September of 2016, Walmart made a giant, risky bet. The country’s most dominant brick-and-mortar retailer agreed to the largest-ever acquisition of an e-commerce company: a $3.3 billion purchase of a fast-growing but money-sucking online..."

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JJ Editor's Picks

"The United States and Russia are entering a new arms race, and the costs aren’t just monetary. On August 8, Russian civilians around the remote village of Nyonoksa found themselves downwind of a military nuclear propulsion experiment gone wrong..."

"I don't know about you, but for me "Having more people run for president and effectively doubling the number of primary contests" is not up there with "Michigan beating Notre Dame in the playoffs" and "A new deluxe edition of Barbara Bush's..."

"A growing body of research suggests that, rather than posing a threat to individual wellbeing, adopting a more sustainable lifestyle represents a pathway to a more satisfied life. Numerous studies have found that people who purchase green..."

"What should a parent do when a 2-year-old shrieks inconsolably because her string cheese wrapper tore “the wrong way”? Increasingly, the answer is “snap a photo, add a snarky caption and upload it to Instagram.” Publicly laughing at your..."

"The yield curve’s inverted! The yield curve’s inverted! That was the news I awoke to last Wednesday on CNBC as the 10 year Treasury note yield dipped below the 2 year yield for the first time since 2007. That’s the sign everyone has been waiting..."

"Even a casual observer of the entertainment industry knows that Hollywood is hooked on established intellectual property at the expense of original ideas and awash in more money than it knows how to sensibly spend. But three stories about the..."

"One of the formative texts of the Safed myth, which first portrayed the town as a unique place and which was responsible for spreading word of it all around the Jewish world, is the four letters that Rabbi Solomon Shlumil of Dreznitz sent, in..."

"There are lots of reasons to patent something. The most obvious one is that you’ve come up with a brilliant invention, and you want to protect your idea so that nobody can steal it from you. But that’s just the tip of the patent strategy iceberg..."