Given today’s challenging markets and unprecedented economic circumstances, a midyear review of your investments and wealth plan takes on a heightened sense of urgency this year. Stock prices are down, interest rates are up, the pandemic is still lurking and inflation hovers at a four-decade high. Add the looming retirement for many boomers, as well…
Read More “Opinion: 10 things to talk about with your financial adviser” »
Ever since the Supreme Court ruled against the NCAA in an antitrust case in 1984 and invalidated its national television contracts, college sports programs have been realigning among athletic conferences in search of larger television contracts. Athletic conferences used to be based on geographic proximity and academic affinity. Why, after all, if schools really cared…
Read More “Opinion: Say good-bye to the Power 5; it’s now all Big Ten and SEC” »
In bear markets, winnings tend to go to investors who focus on fundamentals, not fads, and who pick stocks based on traditional business principles rather than the latest experimentation in finance or society. Many stock investors are sidelined today, facing crushing losses in crypto or tech, and a general bruising across equities. They’re confused by…
MILAN, Italy (Project Syndicate) entCentral banks’ efforts to contain high and rising inflation are fueling headwinds to growth and are threatening to tip the global economy into recession. But the proximate cause of today’s inflationary pressures is a large, broad-based, and persistent imbalance between supply and demand. Higher interest rates will dampen demand, but supply-side…
CAMBRIDGE, England (Project Syndicate) —A new show currently airing gives fresh meaning to the term reality TV. Call it “American Democracy: Clear and Present Danger.” It should be required viewing. Almost 18 months after the Jan. 6, 2021, storming the US Capitol, a House of Representatives select committee is publicizing the findings of its detailed…
News that resembles the plot of the 2013 sci-fi movie “Her” has made rounds in the media. Google engineer Blake Lemoine risked his career to try and prove to his peers and general public that LaMDA, the algorithm he was working on, had somehow become sentient. Lemoine was allegedly reprimanded by the tech giant for…
NEW YORK (Project Syndicate) —The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policy makers, investors, and households now asking how much they should revise their expectations, and for how long. That depends on the answers to six questions. Six questions First, will the rise in inflation…
If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes are simply not keeping up with inflation. Americans just don’t feel poorer — they are poorer. In fact, they have never lost so much purchasing…
Energy stocks have been the star investment this year. Now it’s time to sell them and electrify your portfolio before investors once again focus on the industry’s long-term headwinds. There are a host of headwinds that could threaten the surge: rising recession risk, consumer backlash from the high price of gasoline, and the push to…
In January 2021, an unclassified memo revealed that the Defense Intelligence Agency (DIA), a military-intelligence unit of the US government, buys huge amounts of commercially available smartphone data and uses it to spy on Americans and track their movement history. By using publicly disclosed data, the DIA – and other agencies – can circumvent laws…
