08/13/2020
Today Kelly Phillips Erb, Forbes Millions of employees could be in for a rude surprise next April when they find out their home office isn't deductible and the states can't agree on who gets their money. Time to put a tax pro on speed dial? |
Emily Cegielski, Worth Anthony Scaramucci recently spoke with Worth about the state of the world, the state of his many businesses and why living in the present is so important. |
Ryan Cooper, The Week Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. |
Joakim Book, American Institute for Economic Research In the rousing stories of climate change news this spring, polar bears are never far away. As a visual reminder of the melting ice from which they hunt seals, the devastation that carbon-powered societies seem to cause these majestic animals is a serious issue. But they also demonstrate that nature is not nice. |
Bruce Yandle, Washington Examiner This past Friday, the Bureau of Labor Statistics provided a bit of good news for the beleaguered coronavirus economy: Some 1.8 million jobs were added to the economy in July, and the unemployment rate ticked down to 10.2%. Thinking optimistically, an economy with roughly 10% unemployment is a 90% economy â?" 90% of those in the labor force who want a job have one. Viewed another way, according to payroll data there were 140 million people employed in July. The BLS household survey, which generates the unemployment rate, indicated there were 16.3 million looking for work. |
Christine Romans, CNN With three months to go until Election Day, the president is sticking to his playbook when it comes to the economy. He's still taking credit for the positive, ignoring the negative and making stuff up to cater to his base. |
Kelly Sadler, Washington Times Coronavirus is giving the Democrats — and their presumptive presidential nominee Joe Biden — an excuse to radically shift the course of this country to socialism. Michelle Obama said the quiet part out-loud in a podcast last week. While talking to journalist Michele Norris, Mrs. Obama said that the coronavirus pandemic was actually an opportunity to think about “how wealth is distributed” in America. |
Sean Williams, Motley Fool Next week, Social Security will celebrate its 85th anniversary since being signed into law. Without question, it's America's top social program, supplying benefits to more than 64 million people a month and pulling 22 million of these folks out of poverty. |
Jordan Weissmann, Slate She's not the veep pick of the left's dreams, but she's not the veep pick of its memes, either. |
Tiffany Hsu & Edmund Lee, The New York Times A period of estrangement between Shari Redstone and her combative father, Sumner Redstone, ended with a reconciliation before his death and the daughter taking over the family empire. |
Editorial, New York Post It's not just a few Upper West Siders who are fleeing New York: Moving companies say they're swamped with calls from residents looking to ditch the city â?" even though the COVID crisis has waned. |
David Williams, Issues & Insights Policymakers should reject 'green' boondoggles and allow this project to create real opportunities for American workers. |
Richard Moody, Regions Bank |
Carrie Schwab-Pomerantz, Charles Schwab During periods of market volatility, we need strategic asset allocation and diversification more than ever. Find out more from Carrie Schwab-Pomerantz. |
Cooper Howard, Charles Schwab Taxable municipal bonds can offer higher yields without excessive additional credit risk. |
Brad McMillan, Commonwealth Financial Network |
Jerry Bowyer, Vident Financial The IMF just updated its economic projections for this year and the year after. The bad news is that this year, economic output is expected to plunge almost 5%. The good news is that output next year is expected to spike at a faster rate than this year's plunge, at almost 5.5%. |
Kathy Jones, Charles Schwab The U.S. dollar has been showing signs of weakening, a trend that may underscore the importance of global diversification. |
Richard Moody, Regions Bank |
Mohamed El-Erian, Project Syndicate A sharp decline in the relative value of the dollar this year has been met with cheers from those hoping for a short-term boost to the US economy, and with hand-wringing by those worried about the currency's global standing. But while both views reflect underlying truths, neither tells the whole story. |
Erin Griffith, The New York Times The doomsday warnings about tech start-ups failing in the pandemic have not yielded the shakeout that many expected a few months ago. |
Nick Maggiulli, Of Dollars & Data The definitive guide to Ray Dalio's All Weather Portfolio. |
Shawn Langlois, MarketWatch A sell signal is flashing on Buffett"s favorite indicator |
Patti Domm, CNBC The S&P 500 is nearing its all-time high, a level that could serve as a launch pad for bigger gains. |
James Picerno, Capital Spectator There are still too many unknowns to develop a high confidence forecast for the second half of 2020 |
Casey Mulligan, City Journal Donald Trump's policies for marginalized Americans closely resemble the recommendations made in a new bookâ?"though its authors don't seem to recognize it. |
Mark Hulbert, MarketWatch Counting for inflation and taxes, interest rates aren?t particularly low |
Jared Dillian, MarketWatch A lot of people get into the money-management business when they are young, and they haven't seen a whole cycle, just one-half of one |
Maurie Backman, Motley Fool Whether or not it pays to refinance your mortgage today boils down to two factors: Do you qualify for the best mortgage rates out there? Will you stay in your home long enough to actually reap some savings? The higher your credit score, the more likely you are to snag a competitive refinance rate. But if your credit isn't great, then refinancing may not make sense. That's because if the rate you qualify for is comparable to the rate you're already paying, there's not a lot of savings to be reaped when we factor in closing costs. |
Reed Tucker, New York Post The future of space is largely in the hands of free-spending, big-dreaming billionaires like Elon Musk and Jeff Bezos. |
Nitish Pahwa, Slate The app had become an escape from a repressive government and a brutal pandemic. |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Jules H. van Binsbergen, Knowledge@Wharton That's not how this is supposed to work. |
Matt Welch, Reason Kids do not catch or spread or suffer from coronavirus at the same rate as adults, no matter what your newspaper is telling you this week. |
Morgan Housel, Collaborative Fund Some skills are as essential today as they were 100 years ago. |
Rusty Guinn, Epsilon Theory But for the first time, the boundary-testing behaviors of retail speculators really do remind me of how I felt in 1999 and 2000. |
Barry Eichengreen, Project Syndicate The dollar's fall in July to a two-year low against the euro was the catalyst for sensational headlines shouting that the dollar would soon meet its doom. But too much should not be read into the dollar's recent moves, which reflect readily explicable fluctuations, not the greenback's terminal decline. |
Scott Sumner, The Money Illusion Over the past decade, I’ve frequently argued that this will be the century of “bubbles”. I use scare quotes because bubbles don’t actually exist—i.e. they are not a useful concept. Rather this will be a century full of asset price movements wrongly seen as bubbles. |
Matt Taibbi, Substack The attack on congressional candidate Alex Morse for consensual sexual relationships is disturbing for many reasons, but mostly because it reveals a new American phobia toward adulthood |
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