The Farm Bill of 2018 made it federally legal to farm industrial hemp in the United States. Since then, the CBD Gummy business has been booming. The CBD industry has grown exponentially and new products are popping up everywhere. This lucrative market is expected to continue growing into the foreseeable future. So, if you want […]
How the Manufacturing and Agriculture Credit Saved Wisconsin Manufacturing
Or not. Figure 1: Manufacturing employment in US (blue), and Wisconsin (red), in logs normalized to 0 in September 2018. Light orange shading denotes Walker administration. Source: BLS, DWD, author’s calculations. The Wisconsin Manufacturing and Agriculture Credit was fully phased in as of January 2016.
Tesla’s Winding Road to Berlin
GRÜNHEIDE, Germany — The visitors from Palo Alto, Calif., were shown how Berlin, a hive of tech start-ups that likens itself to Silicon Valley, is just a short commute away. They were promised building permits in four weeks rather than the customary 11 months. And they were taken aloft in a 44-year-old Russian biplane for […]
The Big Business of Unconscious Bias
Recently, a story circulated within the diversity, equity and inclusion industry (D.E.I.), one that somehow didn’t go viral on social media: At an unnamed company, co-workers were taking their seats before a sensitivity training workshop began, when some white male employees entered as a group with targets pinned to their shirts — a sartorial statement […]
Google Hires Firm Known for Anti-Union Efforts
Google has hired an anti-union consulting firm to advise management as it deals with widespread worker unrest, including accusations that it has retaliated against organizers of a global walkout and cracked down on dissent inside the company. The firm, IRI Consultants, appears to work frequently for hospitals and other health care organizations. Its website advertises […]
The Apprentice: Episode 8: Corporate Away Day – Key Business Lessons for Entrepreneurs
The Apprentice candidates Ryan-Mark Parsons and Thomas Skinner dressed up on task. BBC/Boundless The Apprentice Episode 8: The Task The teams have to host a corporate away day onboard the iconic Belmond British Pullman Train. The candidates will have to lay on food, drink and entertainment while securing a good ticket price from the corporate […]
SUPD Ep 10 Pete Dominick
Pete Dominick stopped by the office with recorders and mikes and cables and other paraphernalia. We chatted a bit about my process, how I spend my work day, and what I am looking at. I am not sure if its the sort of stuff anyone else cares about, but Pete is always fun and revealing […]
SEC moving toward opening private markets to more ordinary investors
The Securities and Exchange Commission could issue over the next several months proposals to open private securities markets to more ordinary investors. The agency’s fall regulatory agenda, released on Wednesday, includes an item to reform the definition of who qualifies as an accredited investor eligible to buy non-public securities and a separate item to reform […]
Five Big Ideas to Gain an Unfair Competitive Advantage in 2020
A Major Insurer Exposes the Weakness in the CFP Board’s Standards
Go See a Therapist
The Use of Irrevocable Trusts in Medicaid Planning
Trump’s F.D.A. Nominee Sidesteps Questions About Banning Flavored Vaping Products
President Trump’s nominee for Food and Drug Administration commissioner, Dr. Stephen M. Hahn, declined to answer questions from senators in both parties about whether he would push for a ban on flavored vaping products at a confirmation hearing Wednesday. The questions placed Dr. Hahn, a cancer executive without any Washington or governing experience, at the […]
Essential Services: 5 We Cannot Live Without
Featured image from Burst on Pexels Whether you’re a business owner or not, there are certain services we all depend on. We consider five of these essential services in this article. Plumbing and Sewage Services Have you ever considered how difficult it would be to live without clean water? Worse yet, can you imagine living […]
Industry to face fresh wave of unpaid arbitration claims
The Financial Industry Regulatory Authority Inc., along with the rest of the securities industry, is staring at a fresh wave of unpaid — and embarrassing — arbitration awards. Arb awards go unpaid when investors win lawsuits against broker-dealers that sold them unsuitable, faulty or troubled products only to see the B-Ds go belly up and […]
Overlooked No More: Pauline Boty, Rebellious Pop Artist
This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times. In Pauline Boty’s 1964 painting “It’s a Man’s World I,” archival images of famous men — Elvis, Einstein, Lenin — appear in a grid, as if on a mood board dedicated to […]
Fund investors continue retreat from U.S. stocks
FILE PHOTO: Street signs for Broad St. and Wall St. are seen outside of the New York Stock Exchange (NYSE) in New York, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Investors pulled approximately $3.4 billion out of mutual funds and exchange traded funds that hold U.S. equities last week, extending the […]
CAR on California October Housing: Sales up 1.9% YoY, Inventory down 18%
by Calculated Risk on 11/20/2019 02:44:00 PM
How independent financial advisers can help themselves to retire
As a financial adviser, you have spent your career helping clients to build and protect their wealth so they can retire comfortably and accomplish the items on their bucket list. Ironically, it seems that many financial advisers have not taken their own advice. According to a 2018 study by the Financial Planning Association and Janus […]
Problems with the TFP concept, from my new paper with Ben Southwood
Here is another excerpt from “Is the rate of scientific progress slowing down?”: First, many scientific advances work through enabling a greater supply of labor, capital, and land, and those advances will be undervalued by a TFP metric. Let’s say someone invents a useful painkiller, and that makes it easier for many people to show […]
Flows into bond ETFs surpass those into equity ETFs for first time since 2009
Whether it’s in response to the nonstop efforts to impeach President Trump, the record-level stock market valuations or any of several geopolitical concerns, a growing risk-off mood among investors is sending money flooding into fixed-income funds. Through mid-November, bond ETFs have already seen nearly $130 billion worth of net inflows, which surpasses the full-year record […]
FOMC Minutes: “Most participants judged that the stance of policy, after a 25 basis point reduction at this meeting, would be well calibrated”
by Calculated Risk on 11/20/2019 02:14:00 PM
There's a 'turf war' coming in financial advice
A “turf war” is brewing in the financial advice industry as firms across the advice continuum, from discount brokers and robo-advisers all the way up to private banks, have started branching into new market segments — a trend that will challenge financial advisers looking to win new business, according to Michael Durbin, president of Fidelity […]
2:00PM Water Cooler 11/20/2019
By Lambert Strether of Corrente. Patient readers, more in a bit. I got a late start, and then got wrapped around the axle on the latest impeachment stuff. –lambert UPDATE All done! Hat tip to alert reader Wukchumni for the capsule summary of pilot episode for the new FOX TV Series OK, Boomer, and to […]
How To Get PR At CES 2020, Starting Now
Getting PR at CES takes a ton of work, but the ROI is worth it. Photo by Evangeline Shaw on Unsplash What exactly does it take to get PR at the Consumer Electronics Show (CES), the biggest tech show in the world, and an incredible opportunity for generating buzz about your brand? Well, here’s a […]
REIT firm pays $8 million SEC fine over misleading accounting
Vereit Inc., a real estate investment company, agreed to pay an $8 million fine to the Securities and Exchange Commission this week over accounting irregularities dating back five years. The settlement, announced by Vereit Monday, brings to a close the SEC’s investigation of suspect accounting practices disclosed in an Oct. 29, 2014, SEC filing by […]
Family Office Capital Allocations
I’m fascinated by these sorts of allocation studies. They tend to be over broad and not necessarily reflective of all family offices, but at least its a starting point for discussions. This allocation below is a mixed bag of some intelligent decision-making by very wealthy people who are looking for long term places to park […]
How Thousand Fell Is Championing Circularity In The Sneaker Industry
Thousand Fell sneakers Thousand Fell Sustainability has become the most buzzed terms in the fashion industry. For many, it is a trend that appeals to millennials and Gen Z-ers who are more discerning with their purchases, who are looking for items that will inflict less harm on the environment. It is a big business that […]
At a glance: Liberal Democrat's plan for net zero by 2045
The Liberal Democrats would require all new homes to be zero carbon from 2021 | Credit: Sturti The Party is promising to pump ’emergency’ spending into energy efficiency, renewables, electric cars and public transport to drive carbon reduction The five months since June this year have been a remarkable time in British politics. Since the […]
Wednesday links: processing the larger context
Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today! Quote of the Day “So much of trading psychology is possessing the mindfulness to process the larger context before acting on and reacting to the most recent market and trading events.” (Brett Steenbarger) Chart of […]
FBI Wants To Speak With Trump-Ukraine CIA Whistleblower
The FBI has reached out to an attorney for the Trump-Ukraine whistleblower reported to be CIA analyst Eric Ciaramella, who filed a complaint over President Trump’s July 25 phone call with his Ukrainian counterpart, Volodomyr Zelensky, according to Yahoo! News. The move came after a vigorous internal debate at the agency over how to proceed […]
Kentucky Overtakes Duke For No. 1 Recruiting Class In College Basketball; Who Are The Other Winners And Losers?
CHICAGO, IL – NOVEMBER 17: (L-R) Head Coach Mike Krzyzewski of the Duke Blue Devils talks with Head … [+] Coach John Calipari of the Kentucky Wildcats during the State Farm Champions Classic at the United Center on November 17, 2015 in Chicago, Illinois. Kentucky defeated Duke 74-63. (Photo by Lance King/Getty Images) Getty Images […]
Watch Live: Trump Says Sondland Testimony Exonerates Him Of “Bribery” Allegations
Update 2 (12 pm ET): After what has been an agonizing morning of testimony, it has become clear that Sondland has one goal with his testimony: deflect blame away from himself and President Trump, and toward Trump’s personal attorney, Rudy Giuliani. During a brief meeting with reporters on the White House lawn late Wednesday morning, […]
Ukrainian Indictment Claims $7.4 Billion Obama-Linked Laundering, Puts Biden Group Take At $16.5 Million
An indictment drawn up by Ukraine’s Office of the Prosecutor General against Burisma owner Nikolai Zlochevsky claims that Hunter Biden and his partners received $16.5 million for their ‘services’ – according to Ukrainian MP Alexander Dubinsky of the ruling Servant of the People Party. Dubinsky made the claim in a Wednesday press conference, citing materials […]
Trump says U.S. is still talking to China on trade
FILE PHOTO: U.S. President Donald Trump delivers remarks at a campaign rally in Bossier City, LA, U.S., November 14, 2019. REUTERS/Tom Brenner/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday the United States is continuing to talk to China but gave no other details, as both sides tried to hammer out a […]
It’s Not Pay Equality But Women Are Catching Up: Biggest Check In LPGA History Up For Grabs
BUSAN, SOUTH KOREA – OCTOBER 26: Jin Young Ko of South Korea drives from a tee on the ninth hole … [+] during Round 3 of 2019 BMW Ladies Championship at LPGA International Busan on October 26, 2019 in Busan, South Korea. (Photo by Han Myung-Gu/Getty Images) Getty Images LPGA prize money still lags behind […]
Popeyes Wants To End KFC’s Reign In China
A Popeyes fast food chain restaurant is seen on August 30, 2019 on a street of Washington D.C. … [+] (Photo by Eric BARADAT / AFP) (Photo credit should read ERIC BARADAT/AFP via Getty Images) AFP via Getty Images In 2017, KFC made nearly $5 billion from its China business alone. The market generated 27% […]
Hybrid managing $225 million switches to Commonwealth from LPL
BostonPremier Wealth, a hybrid firm managing $225 million in Hanover, Mass., has switched its broker-dealer and registered investment adviser affiliations to Commonwealth Financial Network from LPL Financial. [More: See more adviser moves in InvestmentNews’ Advisers on the Move database.] BostonPremier is led by partners Mark Bossey and Ryan Marini, who are joined in the move […]
This Rideshare Company Wants To Help People Gain Access To Fresh, Local Food
Photo: Lyft From doctors prescribing plant-based diets to hospitals adopting “Meatless Mondays,” to consumers trying to eat more unprocessed foods, the idea that food is medicine has gone mainstream in the past few years. But simply because you know you should a diet high in foods like fruits, vegetables and whole grains, doesn’t mean it’s […]
This Week’s First Round of Dreamforce-Inspired 2020 Customer Support Predictions
This week’s massive Salesforce-sponsored Dreamforce event has the customer support industry abuzz with product announcements. (Yes, if you’re wondering why you can’t find a room at even the sketchiest hotel in San Francisco tonight, Dreamforce is the reason.) For me, I’m just as interested in the predictions being made for 2020 by CEOs, keynote speakers, and […]
Devin Nunes Exposes The Democrats' 10 Most “Outlandish” Trump Conspiracy Theories
“In their mania to attack the president, no conspiracy theory is too outlandish for the Democrats.” Those were the ‘fighting’ words of a clearly frustrated Rep. Devin Nunes as he addressed the American public ahead of today’s latest round of farcical impeachment circus shenanigans. With Democrats yawningly repeating endless hearsay and opinion as ‘fact’, Nunes […]
Exclusive: ECB flags failings in dirty-money screening at Malta's top bank
BRUSSELS (Reuters) – Malta’s biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing “severe shortcomings” that could have allowed money laundering or other criminal activities. FILE PHOTO: Flags fly on top of a branch of the Bank of Valletta in Valletta, Malta, September […]
Apple starts construction of new $1 billion campus in Texas
FILE PHOTO: The Apple logo is displayed at an event at their headquarters in Cupertino, California, U.S. September 10, 2019. REUTERS/Stephen Lam/File Photo (Reuters) – Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops. Apple Chief […]
Should I Get a Year-End Tax Projection?
Tax time is looming on the horizon, but you don’t have to wait until those 1099s and W-2s become available early next year to begin planning. A year-end tax projection can help you take stock of the past year and identify ways to maximize your tax situation, retirement savings, charitable contributions, and more before the […]
Lowe's calms nerves with profit forecast raise after Home Depot sales warning
(Reuters) – Lowe’s Cos Inc (LOW.N) raised its annual profit forecast on Wednesday, helping ease concerns over the health of the U.S. consumer after larger rival Home Depot Inc (HD.N) cut its full-year sales estimates ahead of the all-important holiday season. FILE PHOTO: A Lowe’s retail store is shown in Carlsbad, California, U.S., May 24, […]
Target sets upbeat holiday sales tone with raised forecast, shares surge
(Reuters) – Target Corp (TGT.N) signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 13%. The company also reported better-than-expected quarterly results on the back of strong demand for its apparel, […]
The Future of Black Friday
Getty In advance of Black Friday, REI announced once again that it will close its doors and encourage employees and customers to enjoy life outdoors for the day. Led by new CEO Eric Artz, this year the retailer is also asking the 13,000 employees and 18 million co-op members to join one of its organized […]
It’s About Time: Meek Mill And Gucci Mane Among Long-Overdue First-Time Grammy Nominees
NEW YORK, NEW YORK – OCTOBER 12: performs during the 2019 Rolling Loud music festival at Citi Field … [+] on October 12, 2019 in New York City. (Photo by Steven Ferdman/Getty Images) Getty Images This year’s list of Grammy nominees seems to be dominated by first-time nominees, such as Lizzo, Billie Eilish and Lil […]
Some Huawei suppliers get U.S. approval to restart sales to blacklisted firm
(Reuters) – The U.S. government said on Wednesday it has begun issuing licenses for some companies to supply goods to China’s blacklisted telecommunications firm Huawei, providing long-awaited clarity to the industry. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo […]
What If Porn Had No Pictures?
“I know it when I see it,” Justice Potter Stewart famously wrote in a 1964 Supreme Court case when asked to set legal parameters for “hard-core” pornography. But what do you call it — hard-core, soft-core, whatever you like — when there’s nothing to see? “‘Erotica’ doesn’t sound as fun,” said Caroline Spiegel, a founder […]