May 26, 2019

Money

"Are public-school teachers really underpaid? It’s a claim often made during teacher pay disputes, but the same data and statistical methods that produce the “teacher salary gap” lead to some ridiculous conclusions..."

"The sunny job numbers and steady growth hide the fact that most people think the economy works only for people in power."

"The money is already here—and has been for years. In the midst of a housing crisis, an injection of cash into the superheated real-estate market seems likely to cause an uptick in evictions and displacement."

"The biggest challenge in measuring real compensation and Americans’ well-being is the extraordinary growth in new products that have brought new benefits not captured in any government consumer price metric."

"The vacation rental industry is mired in claims that it harms neighborhoods and housing markets. Can a nonprofit co-op make the tourist trend a community asset?"

"Tariffs on foreign goods are supposed to help companies that make things in the United States by increasing the costs of products sold by foreign competitors."

"The market for earth-friendly products is ever-growing. In 2018, the reusable water bottle market was valued at more than $8 billion, up 3 percent from 2017, and it’s expected to reach $10.4 billion by 2025."

"Because I write a work advice column, I hear from a lot of people who think they’ve found their “dream job”—often based on little more than an ad. They write to me wanting to know how to get hired..."

"What really matters here is how people are valued. Democracy assumes that the generality of the population have the wisdom to govern a nation."

"Newly obtained tax information reveals that from 1985 to 1994, Donald J. Trump’s businesses were in far bleaker condition than was previously known."

"Recently, under the somewhat unlikely inspiration of Elizabeth Warren, some conservatives have revived an old debate: Did millions of women entering the work force actually make families worse off?"

"I’m a Democrat in the House of Representatives who recently became a minor cause celebre in conservative media circles after I publicly pronounced myself a “proud capitalist..."

"Dramatic income inequality has driven voters to support influential leaders in both political parties who advocate changes to our economic system that would ultimately destroy capitalism."

"The bottom line is that the economy's growth has slowed meaningfully from a year ago, when it was juiced-up by deficit-financed tax cuts."

"Draped in the rhetoric of accountability and meritocracy, journalism is an industry in unmitigated decline. The industry’s workforce has halved in the last 15 years..."

"Amazon has paid billions of dollars in corporate income tax in recent years, though in some years it has paid no tax on profits because — don’t let the accounting terminology scare you off here — it lost money."

"Rent-to-own furniture is being rebranded for millennials. Furniture rental startups tout their flexibility — but they’re a sign of how precarious millennial living can be."

"Billionaires are all around us, but do we ever stop and notice them? We pass through their habitats and provide them the tax nourishment that biologists say is necessary for their survival."

"This country is rigged in favor of making the very wealthy even wealthier... A growing number of privileged young people are questioning the morality of their advantages."

"Seven in 10 adults ages 18 to 34 received financial support from their parents in the last year, including more than half of those in their early 30s. Almost three in five millennials said they couldn’t afford their lifestyles without the support."

"As an Aquarius, David Birnbaum is naturally skeptical of astrology. But as an investor, he has zero doubts about the business potential of the $2.1 billion “mystical services market.”"

"Let me be blunt: You should not pay for TurboTax. If you want to use a free version of TurboTax or H&R Block at Home or Credit Karma Tax or TaxAct, go wild. But for the love of God, don't give Intuit money."

"“I’d die and go to hell before selling an annuity” (to you or anyone). You may have seen me on my firm’s long-running TV ads saying that. Over the top? Yep!"

"Economics has trouble predicting the effects of big changes. Most of the events economists can observe and study are limited, incremental changes — a modest increase in the minimum wage, or a small decrease in immigration."

"Buttigieg went so far as to say democracy should not be sacrificed for the sake of a free-market economy. And in making this comment, he has shown that his understanding of both democracy and capitalism are limited and misguided."

"In the United States, about 90 percent of children born in 1940 grew up to experience higher incomes than their parents, according to researchers at the Equality of Opportunity Project. That figure dropped to only 50 percent of those born in the 19"

"...what about other ways the labor market is unequal? To illustrate one example, Mark Perry, an economist at the American Enterprise Institute, has suggested “Equal Occupational Fatality Day.”"

"“Easy money” is a popular concept on the right. Particularly among the puritans in our midst. The phrase is used to explain away success."

"Since the U.S. housing recovery began in 2012, affordable homes in modest neighborhoods have notched the sharpest price increases while luxury houses in wealthy neighborhoods have had the smallest percentage gains."

"America's currency enjoys a unique role in the world: Virtually all international trade and financial settlements are done in contracts written in dollars. This gives the U.S. some unique advantages."

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JJ Editor's Daily Picks

"The results were surprising. The center-right coalition, led by Prime Minister Scott Morrison, remained in power against the opposition Labor party, which had led in every poll for years."

"Anger seldom works against Trump; he owns the currency and can always issue more of it. In addressing the rogue President directly, or speaking about him in the third person, Pelosi usually adopts a tone that is more sorrowful than angry..."

"I am Mizrahi, as are the majority of Jews in Israel today. We are of Middle Eastern and North African descent. Only about 30% of Israeli Jews are Ashkenazi, or the descendants of European Jews."

"Kids are exposed to plenty of controversial social issues on a daily basis. And if parents don’t want their kids to watch “Mr. Ratburn and the Special Someone,” they can turn off the TV."

"Are public-school teachers really underpaid? It’s a claim often made during teacher pay disputes, but the same data and statistical methods that produce the “teacher salary gap” lead to some ridiculous conclusions..."

"Tech companies are getting into the business of making cities. We need to stop Silicon Valley social engineering before things get even worse."

"Having a Library or Cafe Down the Block Could Change Your Life: Living close to public amenities—from parks to grocery stores—increases trust, decreases loneliness, and restores faith in local government."

"“What name . . . shall we give to the darkness of hell...?” The question of how we can name a place such as this is at the center of scholar Scott G. Bruce’s new anthology The Penguin Book of Hell."

"She had all six of her kids — ages 5, 4, 2 (twins) and 10 months (also twins!) in her 10-seater van. To get the kids a quick snack, Curry parked in front of the Cobbler’s Café."

"Nearly three-quarters of those surveyed said they grew up typically eating dinner at a kitchen table, but a little less than half said they do so now when eating at home."

"If you tied a rope tight around the Earth’s equator and then added a single yard of slack, would the extra material make any noticeable difference to someone standing on the ground?"

"While American Jewish women face attacks on our freedom and rising anti-Semitism, abortion opponents are appropriating Jewish history in order to push an agenda that hurts women."