May 23, 2019

Money

"Progress in technological innovation, reducing poverty, and increasing life expectancy around the world continues to increase. Yet there is also persistent poverty in poor and fragile states..."

"In talmudic tort law.. the responsible party must transfer to the plaintiff an area of his best land of equivalent value- rather than a larger area of low-quality land. From the standpoint of classical economics, such a requirement is nonsensical."

"Yes, we’re all overwhelmed with email. One recent survey suggested that the average American’s inbox has 199 unread messages. But volume isn’t an excuse for not replying."

"In his State of the Union address last week, President Trump vowed the country can make its middle class “bigger and more prosperous than ever before.”"

"S’well’s success is impressive, but the brand has a host of competitors nipping at its heels in what has become an enormous market for high-end, reusable beverage containers."

"Millions of Americans filling out their 2018 taxes will probably be surprised to learn that their refunds will be less than expected or that they owe money to the Internal Revenue Service after years of receiving refunds."

"Smartphones often tether us to our jobs even when we're not at the office, making it hard to disconnect and find the balance between work and personal time."

"layoffs in the sense we mean now — when a business decides to terminate the employment of workers in the name of strategic planning... are a relatively recent phenomenon."

"Your office is a den of thieves. Don’t take my word for it: When a forensic-accounting firm surveyed workers in 2013, 52 percent admitted to stealing company property. And the thievery is getting worse."

"Businesses are nervous, unsure of whether the president's next move is to lower the tariffs or raise them. That's another reason business investment has flat-lined."

"His policies so far have, if anything, made these problems worse... conservatives, including the President’s economic advisor, suggested to cut key middle-class benefits such as Social Security and Medicare to pay for the deficits..."

"A new Economic Policy Institute study finds that Airbnb contributes to rising home prices in cities, yet often escapes comprehensive regulation."

"Under Warren’s plan, the tax rate on wealth would be two per cent, but it would only apply to American households worth at least fifty million dollars, of which there are fewer than eighty thousand."

"For the rest of the country looking on, the question of what we would do if we missed two paychecks in a row was on many people’s minds. And for many, it was no mystery: They wouldn’t be able to afford it."

"[Schultz] is hardly the first billionaire CEO to consider a run for the White House in the hopes of changing politics and government. And he won't be the last."

"For Americans under the age of 40, the 21st century has resembled one long recession... the economy has now been growing for almost a decade. But the truth is that younger Americans have not benefited much. "

" Credit markets are a better place to look for signs of impending trouble, in no small part because they have been at the core of most financial crises and recessions for hundreds of years."

"Ocasio-Cortez is right: Rich must pay more to help close America's wealth and income gaps... Democrats now have a big opportunity to design and advance a progressive economic agenda that could become a reality after 2020."

"When you compare yourself to someone better off than you, that is called an upward social comparison, and it tends to make you unhappy (though it can sometimes be motivating to make you want to be more like them)."

"John Bogle, the founder of The Vanguard Group who died earlier this month at age 89, got rich by giving his mutual fund customers a better deal. The obituaries seem to have missed that point."

"The structure of MLMs is to blame for many of those “Let’s catch up!” Facebook messages piling up in your inbox. The more recruits or team members your friend pulls in, the more money she makes. "

"The government shutdown flooded folks with fear. Yet it shouldn’t. The aftermath of shutdowns is also great, with U.S. stocks averaging 12.8 percent in the next 12 months."

"Eating out, ordering in. Throw in a bagel here, a coffee there, and it all adds up. "It's definitely a challenge for people my age to save on food.""

" The lifestyles of Iran’s privileged youths — including expensive holidays, glitzy parties and access to cash and jobs — have sparked public anger in recent months as U.S. sanctions squeeze the economy."

"Even if the economy is on a roll, many Americans aren’t feeling the benefit... In fact, when adjusted for cost of living increases, real wages actually declined 1.3% since the end of 2017, PayScale found."

"At heart, philanthrocapitalism offered not a new science of development, but an old-fashioned moral tale – one in which a hero, who would reveal himself by some magnificent achievement, would come along to save us from some peril."

"Two leading experts on the “gig economy” now say their estimates of its impact were too high, skewed by spotty data and the recession of a decade ago."

"Right now, countless politicians, scholars, activists, and writers on the right and left are waging a battle for the hearts and minds of American millennials."

"It’s long been said that when the United States sneezes, the rest of the world catches a cold. Well, it’s been a long time since China has sneezed..."

"If people become more cautious about their spending, that could weigh heavily on the economy and stock market, says Mark Howard, senior multi-asset specialist at BNP Paribas."

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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."