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Since 1979, consumer credit and real wages have both grown, but credit has vastly outpaced wage growth. While wages have seen slow, inconsistent rises, debt has expanded rapidly — especially during periods of stagnant income, such as after the 2001 dot-com bust and the 2008 financial crisis. Structural factors like the decline in union power, globalization’s downward pressure on labor, and the shift to a service-driven economy have kept wage growth muted, while access to credit surged. Now, […]
The federal government is using social media surveillance to target student visa holders living in the United States for online speech the Trump administration disfavors in an effort to revoke their visas. This new program, called “Catch and Revoke,” appears to be a cross-agency collaboration between the State Department, the Department of Homeland Security (DHS), and the Department of Justice. It includes a dedicated task force and the use of AI and other data analytic tools to review […]
My end-of-week morning train WFH reads: • “Smart is good. Smart and lucky is better” It’s better to look stupid and learn than pretend and lose money. Once we know how something ended — a movie, a stock crash — we forget what it felt like to not know the outcome. The real challenge for investors is human behavior. Financial literacy matters, but it fades. (Big Think) • The Gen Z Lifestyle Subsidy: In the 2010s, Millennials got […]
Thanks, John Smith. Pitchfork.com The post Kehlani Removed From Cornell University Performance Due to Opposition to Israel’s War in Gaza appeared first on LewRockwell.
”Dê o melhor. Espere o pior. Conte apenas consigo. O que vier, celebre.”
When did Jesus say it was acceptable to starve the poor, slaughter women and children while turning a blind eye to the suffering of the weak? The answer, of course, is never. Yet for years, a vocal strain of American Christian Zionist leaders have supported policies that do precisely that—enabling the starvation and slaughter of Palestinians while underwriting broader wars that have decimated ancient Christian communities across the Middle East. How did we arrive at a place where […]
I had a great conversation with Eric Markowitz of The Big Think about HNTI. He focuses on all the right things: “As Ritholtz puts it, “The book is ostensibly about investing. But if you strip it down to its most basic form, it’s about decision-making, judgment, and behavior.” He likens smart investing to participating in humanity’s progress — buying into the slow, compounding gains of innovation, from safer cars to better sneakers. But he also warns about […]
