Re-Localizing Industry, One Thing at a Time

Yves here. I know it’s probably not the most consequential example for readers, but it is gratifying to read that the garment industry is coming back to Manhattan. When I first came to Manhattan in the early 1980s, the fashion biz wasn’t the only industry to make things in New York City. The printers who […]

Precious Metal Pummeling Continues In Early Asia Trading

As Bloomberg’s Mark Cranfield noted this evening, small reversals are just not gold’s style after a major advance (typically somewhere between a 15% and 20% drop is more common), and the selling pressure on precious metals has continued as Japan and then China opens this evening with Silver futures back at a $23 handle and […]

Food Bank Strains Emerge As Economy Falls Off Fiscal Cliff 

The latest economic data suggest the US recovery stalled. One look at the Citi US econ surprise index, as of this week, shows the recovery ran out of steam last month. A fiscal cliff is already underway, set to enter the second week on Friday (Aug. 14) as tens of millions of Americans are unemployed and have yet to […]

Tucker: We Need A Principled Anti-Lockdown Movement

Authored by Jeffrey Tucker via The American Institute for Economic Research, Shell-shocked is a good way to describe the mood in the U.S. for a good part of the Spring of 2020. Most of us never thought it could happen here. I certainly did not, even though I’ve been writing about pandemic lockdown plans for […]

University Of Georgia Suggests “Wearing A Face Mask” During Sex

Just when you thought all universities were good for was churning out uninformed Marxists, the University of Georgia breaks that stigma by offering up some groundbreaking sexual health advice in the midst of the coronavirus pandemic.  The University had written a section called “Covid-19 Considerations” on its University Health Center website several days ago, but […]

Pennsylvania Is Playing Politics With Drug Rationing

Authored by Zachary Yost via The Mises Institute, “Never let a crisis go to waste,” the old adage goes, and the coronavirus fiasco has demonstrated this principle in action more times than one can count. From declarations of veritable society-wide house arrest to crazed government spending and monetary policy, there has been no shortage of opportunistic […]

Watchdog Says State Dept. Failed to Limit Civilian Deaths From Saudi Arms Sales

WASHINGTON — The State Department inspector general issued a report on Tuesday criticizing the agency as failing to take proper measures to reduce civilian deaths from American-made bombs used by Saudi Arabia and the United Arab Emirates in the catastrophic Yemen war. The report, released 14 months after Congress asked the inspector general to start […]

A Guide to Starting Your Own Graphic Design Company

Photo by bongkarn thanyakij from Pexels When you consider just how pivotal visuals are in the modern world, it makes sense that graphic design businesses are currently thriving. From logos to social media backgrounds, designers are being called upon to complete a wide array of tasks. Graphic design currently a lucrative industry, to be sure. But it’s also […]

Teetering on the Precipice (Still)

Round 6 results of the FiveThirtyEight/IGM COVID-19 Economic Outlook Survey Series is out. Fivethirtyeight characterizes the results: A sudden uptick in food insecurity. A wave of evictions. People spending less money at shops and restaurants. More job losses. According to leading economists, that’s what’s likely in store for the U.S. economy this year if Congress […]

O2: Ultrafast 5G technology to play 'huge role' in building greener economy

O2’s living billboard installed in Shoreditch advertises firm’s eco-themed customer rewards week | Credit: O2 O2 argues Britain can become a leader in 5G ‘if we invest now’, as it publishes report outlining how technology remains a key component for the low carbon transition 5G mobile technology will play a critical role in greening the […]

ESG fund flows breaks records despite active equity's continued decline

Latest report from Calastone reveals how ESG funds are demonstrating remarkable resilience in face of economic downturn ESG and global equity funds both continued to break records over the past month and quarter, however this did not prevent active equity funds losing £638m overall in July alone, according to the latest…

McCain invests £25m in bolstering potato farmers' climate resilience

Following two of the worst harvests in decades, the new McCain Potato Farmer Pledge campaign aims to help British farmers adapt to increasingly erratic weather With much of the UK baking in near record high August temperatures, one of the country’s leading food brands has today launched a major new campaign to help farmers adapt […]

California shows us how to phase out petrol and diesel cars

The UK government should introduce a California-style Zero-Emission Vehicle Mandate to clean up road transport, argues Policy Exchange’s Ed Birkett Transport is now the UK’s biggest source of climate-warming greenhouse gas emissions. The Government plans to ban the sale of petrol, diesel and hybrid cars and vans by 2035 or earlier, but now needs an…

Pinterest Accused of Gender Bias in Suit by Former No. 2 Executive

SAN FRANCISCO — In April, Françoise Brougher, the chief operating officer of Pinterest and its top female executive, abruptly left the company with little explanation. In a lawsuit filed on Tuesday, Ms. Brougher accused the $21 billion company, which makes virtual pinboards, of firing her after she complained about sexist treatment. In her suit, which […]

Tesla goes old school with a 5-for-1 split

CNBC: Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose more than 6% in post-market trading even though the stock split changes nothing fundamental about the stock. Theoretically, the move could mean more smaller investors could afford the stock, but those investors are minuscule compared to major institutions. What’s […]

Nasdaq is the new S&P 500

[embedded content] Subscribe to The Compond here! On an all new What Are Your Thoughts? QQQ vs SPY Stocks have had positive returns in 95% of all rolling 10-year periods – but what was the worst 10 years? Exxon is preserving its dividend by suspending employees’ 401(k) match! Technicians vs Macro Experts The investor’s dilemma […]

The classical theory of economic growth, by Donald J. Harris

By Donald J. Harris, here is the abstract: Focused on the emerging conditions of industrial capitalism in Britain in their own time, the classical economists were able to provide an account of the broad forces that influence economic growth and of the mechanisms underlying the growth process. Accumulation and productive investment of a part of […]

Trump’s Push to Cut Payroll Taxes Opens a Democratic Line of Attack

WASHINGTON — When President Trump announced that he was unilaterally deferring payroll taxes to bring economic relief to struggling Americans, he and his aides thought it would allow them to frame him as pro-worker. But the move comes with political risks. Eliminating the payroll tax could jeopardize the funding stream for Social Security, which is […]

In Victory for Qualcomm, Appeals Court Throws Out Antitrust Ruling

SAN FRANCISCO — A federal appeals court threw out an antitrust verdict against Qualcomm on Tuesday, overturning a ruling that had threatened the chip maker’s business model. A three-judge panel of the U.S. Court of Appeals for the Ninth Circuit reversed a 2019 ruling by a federal judge who found that Qualcomm had abused its […]

The film culture that is royal Britain

There have been few insights into what the Queen’s favourite film is but one might assume that it would be a black and white classic from her youth or perhaps Black Beauty. According to Brian Blessed, however, one of her favourite films is Flash Gordon, the 1980 high camp space opera in which the actor […]

2:00PM Water Cooler 8/11/2020

By Lambert Strether of Corrente. Extremely patient readers, I set the alarm wrong and woke up too late. More as shortly as may be, since I must also do a laundry if I am not to be whiffy later in the day. Grr! –lambert UPDATE All done. Now to the dryer! #COVID19 At reader request, […]

Tuesday links: tip of the iceberg

Are you already signed up for our daily e-mail newsletter? Great, but did you know that we just launched an adviser-focused e-mail on Fridays? Now you do. Sign up here! Quote of the Day “Brands are more than logos, taglines and color palettes. Sure, those things are cool, but that’s just the tip of the […]

Buchanan: The Real World Reasserts Itself

Authored by Patrick Buchanan via, Since the death of George Floyd beneath the knee of a cop in Minneapolis on Memorial Day, the nation has been instructed by its cultural elites that this is the daily reality that a racist America has too long ignored. Our nation, it was shouted in our faces, is […]

How To Recognize Financial Opportunity: It Doesn’t Come Around Often

Financial opportunity can sometimes be hard to recognize. Here is a story of how one couple missed out on $24,000 of financial opportunity because they didn’t understand the rental market. Recently, I made a strong attempt to help ameliorate the #1 recurring problem in San Francisco: housing affordability. My idea was to provide $2,000/month in […]

New York Comic Con Is Going Online

The annual New York Comic Con, which was scheduled to be held at the Jacob K. Javits Convention Center Oct. 8 through Oct. 11, is going virtual. It is the latest comic book convention to go online in the wake of the coronavirus pandemic. ReedPOP, which operates New York Comic Con, announced Tuesday that it […]

Concrete, a Centuries-Old Material, Gets a New Recipe

On any given day, Central Concrete, in San Jose, Calif., does what concrete companies have been doing for centuries: combining sand, gravel, water and cement to create the slurry that is used in construction. But Central — one of a handful of companies at the forefront of a movement to make a greener concrete — […]

Stock Market Approaches Record: Live Updates

Here’s what you need to know: Copied to clipboard. Wall Street was close to hitting a remarkable milestone on Tuesday, one that defies the human and economic toll of the coronavirus pandemic, the worsening relations between the United States and China and a stalemate in Washington that is stymieing efforts to support Americans. The S&P […]

Facial Recognition Start-Up Mounts a First Amendment Defense

Floyd Abrams, one of the most prominent First Amendment lawyers in the country, has a new client: the facial recognition company Clearview AI. Litigation against the start-up “has the potential of leading to a major decision about the interrelationship between privacy claims and First Amendment defenses in the 21st century,” Mr. Abrams said in a […]

11 Supposedly Fun Things We’ll Never Do the Same Way Again

Early in the pandemic, Dr. Anthony Fauci, the nation’s top infectious disease expert, said something that grabbed a lot of attention: Handshakes should become a thing of the past. It sounded far-fetched. But as the outbreak drags on, and we’ve become more conscious of germs and hygiene, “some of the changes we made are likely […]

Mortgage Mayhem Begins: Overall Delinquency Rates Soar As Housing Crisis Lurks 

Readers may recall as early as April we outlined how mortgage lenders were preparing for the most significant wave of delinquencies in history as tens of millions of people lost their jobs because of the virus-induced recession. Mortgage lending standards have since tightened as mass foreclosures and mortgage market mayhem appears to be ahead. The Trump administration has […]

New York Accuses Egg Producer of Price Gouging in Pandemic

One of the nation’s largest egg producers has been accused by New York authorities of raking in $4 million in illegal revenue by gouging customers with exorbitantly high prices when the state was grappling with rising coronavirus cases. A lawsuit filed on Tuesday by Attorney General Letitia James of New York contends that the producer, […]

The 10 Best-Known InsurTech Companies Today

The bigwigs in the insurance industry have always looked toward incorporating more technology into their businesses. However, long-standing processes and strict government regulations have hindered most InsurTech companies’ progress toward this goal. Fortunately, we’ve started to witness some massive changes in this trend. Now more than ever, insurance companies are increasing their investment in technology. […]