09/13/2021
Today
Charles Murray, Claremont Review Meritocracy conceals elite disdain for the lives of ordinary Americans. |
Michael Hiltzik, LAT A pandemic-related boost in unemployment benefits ended this week, leaving many workers stranded. |
Tiffany Li, MSNBC.com The Patriot Act didn't completely strip away our privacy, but we've been surrendering it all the same. |
Rich Karlgaard, Forbes Mainland China is behind other countries when it comes to making advanced microprocessors. Beijing has to overcome that hurdle if it wants to move toward core technological independence by 2025. |
Andrew Wilford, RCM At a time when the economy is still recovering from a COVID-induced recession, one would think that the last thing policymakers would want to do is discourage investment. Yet that's precisely what congressional Democrats might end up doing with a raft of proposed tax hikes on capital gains. High-profile Democrats such as President Biden and Senate Ways and Means Committee Chairman Ron Wyden have supported a laundry list of tax hikes on investment income, including taxing capital gains and carried interest as ordinary income, ending the step-up in basis, and establishing mark-to-market... |
Ryan Hampton, New York Times The Purdue Pharma bankruptcy case settlement protected the wealthy and ignored those who suffered. |
Eric Nelson, Servo Wealth Management This question, or some form of it, is the most common one I'm getting today. What are my thoughts? Keep reading to find out... |
John Talberth, The Hill The truth is, gross domestic product (GDP) is a metric that has little to do with the economic wellbeing of American households. |
Joel Zinberg, City Journal New CDC findings show that we're closer than ever to the end of the pandemic. |
Editorial, I & I This is about claiming credit where credit isn't due. |
Randolph May, RCM On January 20, 2021, his first day in office, President Joe Biden issued an "Executive Order on Advancing Racial Equity and Support for Undeserved Communities Through the Federal Government." The first sentence proclaims: "Equal opportunity is the bedrock of American democracy." Nevertheless, despite the order's nod towards promoting "equal opportunity" rather than "equal outcomes," there's still cause for concern. In no uncertain fashion, the executive order commits the Biden administration to "an ambitious whole-of-government equity agenda. In other words, a "comprehensive" and "systematic"... |
Charles Gasparino, New York Post Charles Gasparino recalls how his father, ex-Marine William Gasparino helped build the Twin Towers. On the 20th anniversary of 9/11, he commemorates those who worked diligently to rebuild the stock… |
Bill McBride, Calculated Risk What is happening? Why? And what will happen. |
Richard Moody, Regions Bank |
Liz Ann Sonders, Charles Schwab Since COVID's wrath began, the stock market has gone through three major phases of leadership, with a fourth possibly underway driven in part by seasonals. |
Jerry Bowyer, Vident Financial Despite predictions last year and earlier this year that inflation would be transitory, it has not transited away, but rather transitioned upwards. |
Ironman, Political Calculations The growth of trade between the U.S. and China flashed warning signs in July 2021. |
Kathy Jones & Christina Shaffer, Charles Schwab We believe it can, at least in the short term. |
Allison Schrager, Manhattan Institute Many Americans feel as though they can't get ahead: the costs of housing, health care, and education keep rising, while their income has not grown much. Income stagnation has become one of the most pressing policy issues. Regarding the degree to which income has stagnated, we often hear the... |
Matt Stoller, BIG From railroads to plastic bags to semiconductors to ice cream, Wall Street and monopolists are creating shortages and exploiting them. |
Shirley Li, The Atlantic A culture of acquiescing to Beijing's censors is now the norm, and there's little sign of it changing. |
Dani Rodrik, Project Syndicate In one policy area after another – from trade to taxation to labor markets – the decades-old consensus in the United States has been replaced with something very different. But policymakers elsewhere would be wise to consider their own countries' circumstances carefully before following America's lead. |
John Rekenthaler, Morningstar The marketplace has delivered its verdict. |
Veronique de Rugy, Reason Growing evidence confirms that barriers to immigration make us all worse off. |
Glenn Thrush, NY Times As national eviction protections lapse, much of the rental assistance sits unspent. Aid was slowed by red tape, resistance from landlords and the difficulty of navigating an informal market. Does a lease on a napkin qualify? |
David Jacob Kramer, GQ Half a century ago, a legion of idealists dropped out of society and went back to the land. Here's a glimpse of their otherworldly residences—and the tail end of a grand social experiment. |
Benji Jones, Vox Grasslands are anything but wastelands. |
Tanya Lewis, Scientific American Birth rates in many high-income countries declined in the months following the first wave, possibly because of economic uncertainty |
Kiona Smith, Ars Technica The world's oldest painted pottery may have been for drinking beer at a funeral. |
Jamie Catherwood, Investor Amnesia The panic of 1819 produced America's first depression. |
David Hay, Evergreen Gavekal Bond investors should be very afraid of current fiscal and monetary policies. |
Robert E. Wright, AIER And thus corporations are led, by an invisible hand, to promote an end which was no part of their intention, the simultaneous enrichment of themselves and empowerment of party partisans. |
Cullen Roche, Pragmatic Capitalism Ken Rogoff took the WSJ yesterday to explain why the infamous Dow 36,000 prediction wasn't wrong. Sorry Ken, I'm not buying it. |
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