One day after Twitter CEO Jack Dorsey admitted that the company needs ‘more accountability’ over its selective political bias, the social media giant suspended US Customs and Border Protection (CBP) Commissioner Mark Morgan for a post touting the southern border wall for helping the country ‘stop gang members, murderers, sexual predators, and drugs from entering […]
Three Things Newborns Can Teach CEOs
Share to Facebook Share to Twitter Share to Linkedin Little Boss Baby Lisa Curtis My newborn has taught me more about business fundamentals in five weeks than I taught myself in seven years as a CEO. My “little boss”, as I call her, has put me through a rigorous bootcamp that has opened my eyes […]
Trump Blasts SCOTUS Decision On Pennsylvania Ballots As “A Disaster For Our Nation”
Update 1315ET: While it took a little time, President Trump has chimed ion on SCOTUS’ decision on Pennsylvania ballots. A 3 day extension for Pennsylvania is a disaster for our Nation, and for Pennsylvania itself. The Democrats are trying to steal this Election. We have to get out and VOTE in even larger numbers. The […]
Thursday links: being on the mend
VaccinesEveryone is waiting on the arrival of a coronavirus vaccine. (thereformedbroker.com)It may be time to reset expectations on a coronavirus vaccine. (statnews.com)Germany is in line to be one of the first Western countries to roll out a vaccine. (wsj.com)StrategyWhy calling a bubble in real time is so difficult. (awealthofcommonsense.com)The turn for value is coming, the […]
Q3 GDP: Investment
by Calculated Risk on 10/29/2020 01:16:00 PM
Family Separation Policy Enacted Despite Proof Kids Could Lose Parents Permanently, House Finds
Share to Facebook Share to Twitter Share to Linkedin Topline The House Judiciary Committee on Tuesday published the results of a 21-month investigation into the Trump administration’s infamous “family separation” policy, offering new insight into a process—described by the committee as “marked by reckless incompetence and intentional cruelty”—which has gained renewed attention in the run-up […]
Ugly, Tailing 7Y Treasury Auction Sends 10Y Yield To Session High
At 1pm the Treasury concluded the weekly trifecta of record-sized coupon auctions, when after the sale of the biggest ever 2Y and 5Y Treasurys, moments ago the largest-ever 7Y auction also hit the market with the sale of $53BN in paper, $3BN more than last month. The similarities however end there, because while the week’s […]
St. Louis Cardinals Letting Wong Go Signals Start Of Cold Winter
Share to Facebook Share to Twitter Share to Linkedin St. Louis Cardinals’ Kolten Wong removes his batting gloves after striking out with the bases loaded … [+] to end the eighth inning of a baseball game against the Kansas City Royals Wednesday, Aug. 26, 2020, in St. Louis. (AP Photo/Jeff Roberson) ASSOCIATED PRESS While few […]
Economic Outlook Is Tepid Even as G.D.P. Rebounds: Live Updates
Newsweek Stumps For Biden With Misleading Poll Headline
Emerson Polling just came out with their October National Poll, which concludes that Joe Biden has a five-point lead over President Trump. One of the questions asked was “Who do you think is more of a patriot, Joe Biden or Donald Trump?” The results revealed that 51.9% of respondents picked Biden vs. 48.1% for Trump, […]
Got Negative Feedback? Nine Smart Strategies For Handling It The Right Way
Share to Facebook Share to Twitter Share to Linkedin No matter how diligent a person is, they will, at some point, receive negative feedback in their career. Whether it’s an unsatisfied customer, an upset manager or a tense situation with a colleague, you can’t make everyone happy 100% of the time. But negative comments don’t […]
How Box Office Trends, Before And After The Pandemic, Benefit IMAX
Share to Facebook Share to Twitter Share to Linkedin PLAYA VISTA, CA – OCTOBER 15: General views of the IMAX Corporation headquarters on October 15, 2020 … [+] in Playa Vista, California. (Photo by AaronP/Bauer-Griffin/GC Images) GC Images Not only could theater closures lead to an increased market share for IMAX, so too would a […]
Texas Leads Nation In Early Voting At 8.5 Million Cast – 94% Of 2016 Turnout
Share to Facebook Share to Twitter Share to Linkedin Topline Even with stiff competition in an election year featuring record-shattering early voter figures nationwide, Texas is seeing unparalleled early voting numbers and could be on track to exceed 2016 turnout ahead of election day. HOUSTON, TX – OCTOBER 13: Voters stand in line for the […]
Khris Middleton Is The Perfect Third Star For The Brooklyn Nets
Share to Facebook Share to Twitter Share to Linkedin LAKE BUENA VISTA, FLORIDA – AUGUST 18: Khris Middleton #22 of the Milwaukee Bucks dribbles around … [+] James Ennis III #11 of the Orlando Magic in the first half during Game One in the first round of the NBA playoffs at The Field House at […]
Interview: Ray Fisher Talks Toxic Justice League Set, WarnerMedia Investigation, And Erasing Characters Of Color
Share to Facebook Share to Twitter Share to Linkedin LONDON, ENGLAND – NOVEMBER 04: Actor Ray Fisher attends the ‘Justice League’ photocall at The … [+] College on November 4, 2017 in London, England. (Photo by Tim P. Whitby/Getty Images) Getty Images “The erasure of people of color from the 2017 theatrical version of Justice League was […]
The Apprentice Will Rebuild America’s Middle Class
Share to Facebook Share to Twitter Share to Linkedin On the job training. (Photo by Adam Berry/Getty Images) Getty Images Yes, this is a play on the president’s once-successful television show, but it is really about something more important: the country’s growing recognition that college for everyone is a failed idea. Apart from the unconscionable […]
Taiwan Counts 200th Day Of No New Local Coronavirus Infections—Here’s How They Did It
Share to Facebook Share to Twitter Share to Linkedin Topline Taiwan on Thursday counted its 200th day without recording a single domestically transmitted coronavirus case, just as other regions of the world—like the U.S. and Europe—are battling record-breaking surges in new cases, making the island country a rare success story of the pandemic. Commuters wear […]
Amazon, Apple Face Antitrust Investigation In Germany For Curbing Independent Sellers
Share to Facebook Share to Twitter Share to Linkedin Topline Germany’s antitrust watchdog is investigating Amazon and Apple for engaging in a practice called ‘brand-gating’ where Amazon removes listings of independent sellers selling branded products like Apple’s iPhone, German newspaper Frankfurter Allgemeine Zeitung reported, highlight another major antitrust investigation into U.S. tech giants in Europe. […]
E-Commerce Explodes Into Holiday Shipping Season
By Eric Kulisch of American Shipper, Peak season e-commerce sales, turbocharged by an accelerated shift to online buying as consumers shy away from crowded stores during a pandemic, are expected to hit all-time highs this year, putting additional pressure on express delivery networks. Retail and logistics analysts say the unprecedented level of digital commerce has […]
Tough Q4 Ahead, Volkswagen Warns, Despite €3.2 Billion Third-Quarter Profit
Share to Facebook Share to Twitter Share to Linkedin Moody skies ahead with the return of the Covid-19 virus to Europe, Volkswagen warns. Despite the … [+] Group returning to profitability, the Volkswagen brand still lost a billion euros in Q3. Photo: RONNY HARTMANN/AFP via Getty Images AFP via Getty Images The Covid-19 skid stopped […]
How Donald Trump Is Putting American Workers at Risk
Yves here. Oddly, or perhaps not, the press hasn’t paid much mind to the Trump Administration weakening worker protections, particularly OSHA. It’s been instructive to see the utter failure of the brunching classes to demand basic employee protections under Covid, like a requirement that any employer that requires employees to continue to come in to […]
United Airlines To Rapid Test Passengers For COVID
For people who want to fly but are worried about contracting COVID-19, United Airlines is offering rapid virus testing for transatlantic flights starting next month. United announced Thursday morning that from Nov. 16 to Dec. 11, “rapid tests to every passenger over two years old and crew members onboard select flights from Newark Liberty International Airport (EWR) […]
Leon Black Calls Relationship with Jeffrey Epstein a ‘Terrible Mistake’
Mr. Black, the billionaire chief executive of Apollo Global Management, said others’ continued association with Mr. Epstein gave him “misplaced comfort” in doing business with him
Don’t Look Down! Estimating the Depth of State Covid Budget Holes
Having an exciting night with the power cutting in and out due to Zeta isn’t conducive to concentrating. And was not conducive to searching either, since we eventually lost our Internet connection. So apologies for this post being thin. Nevertheless, let us turn to another solid Wall Street Journal article on Covid’s considerable damage to […]
Fears Of Another February Are Gripping The Market
By Michael Msika and Jan-Patrick Barnert, Bloomberg market commentators The mood in the market is decidedly anxious. Worries are mounting that risks from tightening restrictions in Europe to U.S. election uncertainty will snowball, pushing stocks over the edge in a repeat of February’s selloff. Strong gains at the start of October have given way to […]
David Guillod, Hollywood Executive, Arrested Again After Assault Report
David Guillod, a former Hollywood executive who was out on bail after being charged with sexually assaulting four women, was arrested again on Wednesday in connection with another sexual assault report, the Los Angeles Police Department said. Mr. Guillod, who is best known for his work as a talent manager and executive producer of the […]
David Guillod, Hollywood Executive, Arrested Again After Assault Report
David Guillod, a former Hollywood executive who was out on bail after being charged with sexually assaulting four women, was arrested again on Wednesday in connection with another sexual assault report, the Los Angeles Police Department said. Mr. Guillod, who is best known for his work as a talent manager and executive producer of the […]
‘There Are Tons of Brown Faces Missing’: Publishers Step Up Diversity Efforts
This summer, as people across the United States gathered to protest police brutality and racial injustice, Krishan Trotman, an executive editor at Hachette Books, approached the head of the company with a proposal. Ms. Trotman was worried that the conversation about inequality in the literary world would fade away after the marches died down. “I’ve […]
‘There Are Tons of Brown Faces Missing’: Publishers Step Up Diversity Efforts
This summer, as people across the United States gathered to protest police brutality and racial injustice, Krishan Trotman, an executive editor at Hachette Books, approached the head of the company with a proposal. Ms. Trotman was worried that the conversation about inequality in the literary world would fade away after the marches died down. “I’ve […]
‘It’s Going Away’: A Small Movie Theater Struggles to Survive
On a rainy day last week, 72 moviegoers visited the Park Plaza Cinema in Hilton Head Island, S.C., to see Liam Neeson in “Honest Thief.” It was the largest single-day attendance the independently owned five-screen theater had seen since reopening in August after a five-month shutdown. The feeling of celebration was short-lived. The next day, […]
National Grid’s net zero vision ‘over-reliant’ on bioenergy with CCS, report claims
All National Grid’s net zero pathways rely on significant BECCS capacity to generate ‘negative emissions’, claims think tank Ember National Grid’s plans to decarbonise the UK power grid risk being “severely undermined” by an over-reliance on bioenergy with carbon capture and storage (BECCS) technology to produce ‘negative emissions’, which could make it extremely challenging to […]
Turkish Bank Case Showed Erdogan’s Influence With Trump
New details of the Justice Department’s handling of the accusations against Halkbank reveal how Turkey’s leader pressured the president, prompting concern from top White House aides.
The Last Mile: Teaching Incarcerated Individuals How To Code—And Preventing Their Return To Prison
Share to Facebook Share to Twitter Share to Linkedin Simon Liu Simon Liu In 1997, when Zhuo “Simon” Liu was 16 years old, he was arrested for a variety of offenses, including “home invasion robbery”, “rape in concert with force or violence” and “assault with intent to commit a specified sex offense.” Confused by the […]
This Start-Up Is Democratizing Non-Invasive Beauty Treatments For The Masses
Share to Facebook Share to Twitter Share to Linkedin I have been getting non-invasive, energy-based beauty treatments for years. I attribute these treatments as one of the reasons some people think I am younger than I actually am. The problem is that that these treatments need to be done with some level of regularity to […]
Death Rates Have Dropped for Seriously Ill Covid Patients
Survival rates have improved with medical advances and less crowded hospitals, studies say. But the latest record-breaking surge in infections could reverse the gains.
A Conversation On The Vitality Of Self-Employed Individuals To The Economy With Keith Hall, President And CEO Of The National Association For The Self-Employed
Share to Facebook Share to Twitter Share to Linkedin Keith Hall, President and CEO of the National Association for the Self-Employed 2008 Kevin Brown, Photographer From gig workers to solo entrepreneurs, self-employed individuals make up the overwhelming majority of businesses in the U.S. economy. To give you a little perspective, small businesses comprise 99.9% of […]
Behind The Curtain—Chapter 11 From The Inside—Chapter 15—Closing The Case And Final Thoughts
Share to Facebook Share to Twitter Share to Linkedin We have reached the end of the Chapter 11 case. getty The prior chapter of Behind The Curtain can be found with the following link: We have reached the end. The Brettco Plan has been confirmed and the Company is working free from the oversight of […]
The American Economy Was Hit by a Bus. It’s Healing, but Slowly.
Why the G.D.P. numbers out today can mislead.
Hotels: Occupancy Rate Declined 31.7% Year-over-year
by Calculated Risk on 10/29/2020 10:25:00 AM
‘Significant momentum’: Support for climate risk reporting surges, but action remains thin
Asset managers continue to provide an incomplete picture to investors about the risk posed to their investments by climate change, TCFD report warns While a signficant and growing proportion of the global economy now recognises the need for corporate climate risk disclosures, there remains a significant gap between words and action, marked by a continued […]
God from the Machine
Euripides gets a bad wrap. Critics have been busting his chops since at least 431 BC, when he debuted his play Medea. He wraps up the conflicts in his plays by having an actor lowered down to the stage via crane or lever, portraying one of the many gods in the ancient Greek pantheon. The […]
Gilead’s Covid-19 Drug is Mediocre. It Will Be a Blockbuster Anyway.
Gilead Sciences said Wednesday that remdesivir, which has been authorized for emergency use since the spring, brought in $873 million in revenues so far this year.
NAR: Pending Home Sales Decrease 2.2% in September
by Calculated Risk on 10/29/2020 10:05:00 AM
Where Covid Cases Are Rising Fastest
Daily cases per 100,000 people in past weekSource: NYT Back in March 2020, Covid-19 cases were concentrated in high population density metro regions near international airports: In the East, it was New York City, Northern NJ, Boston, DC; in the West, San Francisco, greater Seattle and Portland. The virus migrated around the country as lockdown […]
Inclusive Hiring: How To Address Bias In The Recruiting Process
Share to Facebook Share to Twitter Share to Linkedin Founder and CEO of Link Consulting Services, a global recruitment company specializing in tech, executive search, and diversity recruiting. Getty As organizations try to promote greater diversity and inclusion within their ranks, many recruiters and hiring managers are focused on sourcing candidates from a variety of backgrounds. […]
Longform links: changing the channel
Book excerptsAn excerpt from “Outside the Box: How Globalization Changed From Moving Stuff to Spreading Ideas” by Marc Levinson. (wsj.com)An excerpt from “Blockchain Chicken Farm: And Other Stories of Tech in China’s Countryside” by Xiaowei Wang. (vox.com)An excerpt from “The Fabric of Civilization: How Textiles Made the World” by Virginia Postrel. (wsj.com)An excerpt from “A […]
A Four-Point Plan To Convert Crisis Into Creativity
Share to Facebook Share to Twitter Share to Linkedin Linda Fisk, Co-Founder and CEO of LeadHERship Global. Getty The global pandemic has been an unmitigated calamity on a number of levels. But in some industries, this time of unprecedented change has also been a time of remarkable advancement, spurring exciting new innovations as firms come up […]