Canada Suspends Extradition Treaty With Hong Kong, Slams “Secretive” New Law

In massive new fallout two days after China’s new Hong Kong national security law went into effect, Canada announced Friday it will suspend its extradition treaty with Hong Kong. This effectively opens the door for Hong Kong democracy activists, who might potentially find themselves “wanted” by pro-Beijing authorities and accused of crimes, to seek out […]

What should I ask Nicholas Bloom?

I will be doing a Conversation with him, so what should I ask?  Here is part of his official bio: Nicholas (Nick) Bloom is the William Eberle Professor of Economics at Stanford University, a Senior Fellow of SIEPR, and the Co-Director of the Productivity, Innovation and Entrepreneurship program at the National Bureau of Economic Research. […]

“The American Government Still Owes A Debt”: Reparations Bill Gaining Steam In House

Authored by Ben Wilson via, Representative Sheila Jackson Lee (D-TX) on Wednesday called for the passage of a bill to study slave reparations and how distribution would occur. Originally proposed in Jan. 2019, the bill has gained traction since the killing of George Floyd. The Commission to Study and Develop Reparation Proposals for African-Americans Act would investigate if […]

Walmart Transforming 160 Parking Lots Into Drive-In Movie Theaters

In May, readers may recall we said social distancing would revive drive-in movie theaters in a post-corona world. And boy, were we right.   A press release via Walmart on Wednesday (July 1) said, “Walmart is transforming 160 of its store parking lots into contact-free drive-in movie theaters where customers can safely gather to watch movies programmed […]

WNYC Employees Demanded Diversity. They Got Another White Boss.

Three years ago, when the American workplace at long last began to clean house, sweeping away the vestiges of “Mad Men” habits, WNYC, the most popular public-radio station in the country, pushed three of its leading on-air personalities into the dust heap where so many bad men were piling up. A long period of turmoil […]

Succinct Summation of Week’s Events for 7.3.20

Succinct Summations for the week ending July 3rd, 2020. Positives: 1. Second half begins on positive note, with Markets gaining for the week.2. Nonfarm payrolls rose 4.8M m/o/m, above expectations.3. Unemployment rate fell to 11.1% in June, down from last month.4. Private payrolls rose 4.767M m/o/m, above expectations.5. Pending home sales rose 44.3% m/o/m, above […]

Deconvexifying the car, car feature markets in everything

…BMW is planning to move some features of its new cars to a subscription model, something it announced on Wednesday during a briefing for the press on the company’s digital plans. …now the Bavarian carmaker has plans to apply that model to features like heated seats. BMW says that owners can “benefit in advance from […]

Heat Wave To Bake Significant Parts Of US Through Mid-July  

Extreme temperatures, mostly in the mid/the high 90s, are expected for the first half of July for much of the U.S., reported The Weather Channel.  These hotter-than-usual temperatures have already begun this week and will bake a significant part of the country this holiday weekend, with elevated temperatures forecasted through the midpoint of the month.  Current weather models show a […]

Prices Are Going To Rise… And Fast!

Authored by Alasdair Macleod via, With stock-markets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, the economic situation is actually dire, and any hope of a V-shaped recovery is wishful thinking or just brokers’ propaganda. But […]

Podcast links: the gaming opportunity

Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at whether podcasters might regret the deals they sign with big players like Spotify. The biz Finance Venture Maria Konnikova Non-finance

Technology is taking over the Real Estate sector too

Look at the top six holdings in Vanguard’s REIT ETF (ticker VNQ), they’re all technology plays – ecommerce fulfillment, cloud computing, data centers, wireless cell towers, etc. These technology bets now comprise a third of the real estate sector’s market cap weighting. The new episode of my podcast went up today, as it does each […]

Are Uncivil Protests And Mob Violence Winning?

Authored by Patrick Buchanan via, The Seattle Commune is no more. Declared three weeks ago by radical leftists as CHAZ, the Capitol Hill Autonomous Zone, rechristened CHOP, the Capitol Hill Occupation Protest, the six-block enclave inside Seattle ceased to exist July 1. The cops shut it down. As Marx said, history repeats itself, first […]

ESG links: a stamp of approval

We are now publishing our ESG links on a monthly basis. However the coronavirus pandemic has taken the wind out of ESG coverage and commentary. We will continue to monitor the space for now. You can check out the previous set of links including a look at how ESG usurped SRI. Quote of the Day […]

Lin-Manuel Miranda's 'Hamilton' and Disney +: A Timeline

Lin-Manuel Miranda’s relationship with Disney started inauspiciously. He wrote a song on spec for a holiday show. The company rejected it. “It was a holiday song, called ‘Holidays at Our House,’ and I will never play it for you,” he recalled recently. “It was not very good.” But in the years since, the partnership has […]

Why College Students May Qualify for Special Covid Pandemic Aid

High school and college students whose summer jobs fell through because of the pandemic may qualify for jobless benefits under a special federal program. But getting the funds is harder in some states than in others. Traditional unemployment insurance — a joint federal-state program funded by taxes on employers — usually leaves out students. But […]

California's new truck rule: It's big, it's bold, it's controversial

Net Zero Festival 2020 Net Zero Festival 2020 is the world’s first business festival dedicated to exploring, advancing, and celebrating the global transition to a net zero emission economy. Join us at BusinessGreen’s inaugural Net Zero Festival 2020 – for leaders who won’t wait until 2050 to build a better business, and a better world. Date: […]

How Pandora hopes to reach 100 per cent recycled silver and gold

The jewellery giant is reaching out to its supply chain to help bolster its circular economy ambitions By 2025, Pandora, the world’s largest jewelry brand by volume, will use 100 per cent recycled silver and gold in its products. At least that’s the goal the Danish company set at the beginning of June. As it […]

How Investors Are Addressing Racial Injustice

Socially responsible investing has been putting billions of dollars to work for social change for decades. In some cases, the strategy means avoiding certain sectors. Religious organizations, for instance, steer clear of alcohol, firearms, tobacco and other “sin” stocks. Some investors focus on companies that are already socially responsible to help them thrive, while starving […]

Government attaches climate conditions to Celsa Steel emergency loan

Emergency loan is expected to safeguard 1,000 jobs at Celsa Steel | Credit: Karan Bhatia However, government declines to provide further details on precise nature of climate and net zero targets attached to firm’s rescue support The government has agreed to provide an emergency loan to Celsa Steel with a string of unspecified climate change […]

Links 7/3/2020

Yves here. We are on a holiday schedule through Monday. I nevertheless am busy with eldercare matters (interviewing new agencies, gah) which is why no original posts today. Hope your holiday is fun or at least restful. A ‘Viral’ New Bird Song in Canada Is Causing Sparrows to Change Their Tune Gizmodo (David L) Elk […]

1958 Land Rover 109 Series II 4×4

So, I am getting a little bored with the Orange monster. We haven’t really had snow in a while, and there is only so much beach driving one can do. (If I lived in Arizona, I could spend some insane weekends rock crawling). I also love the idea of replacing a depreciating asset with a similar, […]

Tales from Trinidad barter markets in everything

One of my favorite countries, this is from the newspaper: DESPERATE to get his taxi badge, a man bought a $500 used typewriter and donated it to the Licensing Office… The seller, who asked not to be named, wrote: “So funny story. I had a typewriter for sale on Facebook marketplace for some time. I […]

Combining life insurance and health insurance

Why not internalize the relevant externalities by bringing the two together?: We estimate the benefit of life-extending medical treatments to life insurance companies. Our main insight is that life insurance companies have a direct benefit from such treatments because they lower the insurer’s liabilities by pushing the death benefit further into the future and raising […]

Thailand Monkey Wars Escalate As Rival Gangs Force Locals To Flee Homes

Monkeys in the Thai city of Lopburi have become particularly aggressive since coronavirus lockdowns significantly cut into the supply of treat-throwing tourists which had been feeding the city’s wild macaques. The monkeys, numbering in the thousands, have set up shop in an abandoned local cinema – brawling with each other when they aren’t aggressively attacking […]

The unexpected cause of time wasters. And how to fix it

Your time is easily the most valuable asset you have. So in today’s post I’m going to show you an effective way to eliminate time wasters and replace them with high quality, eager prospective clients. The root cause probably isn’t what you’re expecting. To begin, I’d like you to think for a moment about how […]

San Francisco Rent Drops Most On Record As People Flee For Suburbs

Readers may recall, as early as March, city dwellers in California fled to suburbs and remote areas to isolate from the virus pandemic. The proliferation of remote work arrangements has led this shift to become more permanent.  At first, the exodus out of the city was due to virus-related lockdowns, then social unrest, and now it appears a steady […]

Essence Names Interim Chief After Claim of ‘Abusive Work Culture’

An anonymous essay published on Sunday criticized Essence, the groundbreaking Black media brand, citing an “abusive work culture” in which bullying and sexual harassment were common. Since then, Essence has installed Caroline A. Wanga, a former Target executive, as its interim leader and has also pledged to hire law firms to conduct a review of […]