Today’s Wall Street Journal had an article, which focused on John Bogle, founder of Vanguard—a money management company that focuses on index funds. The article contained two ideas that I wish to share: Bogle [...]
In today’s Wall Street Journal, Jason Zweig discussed the fortieth anniversary of index mutual funds—the Vanguard 500 Index Fund. The initial public offering, $11.3 million, was a major disappointment to Vanguard’s founder, John C. [...]
Ludwig van Beethoven remarkable compositions won him favor among the enlightened aristocracy congregated at Vienna, and he enjoyed their support throughout his life. They were tolerant, too, of his notoriously boorish manners, careless appearance, [...]
Eloise and I recently enjoyed the Chagall exhibit in San Francisco. He composed images based on emotional and poetic associations, rather than rules of pictorial logic. From the perspective of a critic, Chagall ranks [...]
Will Rogers (1879-1935) had what it takes to tickle the national funny bone. His keen wit and the ability to see the humor in all things concerning mankind continue to endear him to millions [...]
In 1994, Gene Kelly made his last on-screen appearance, hosting “That’s Entertainment”. His last words were on the big screen were, “The song has ended, but the melody lingers on”. That is the way, [...]
Victor Hugo, novelist, poet, and dramatist, was the most important of the French Romantic writers. In an era when France was the greatest nation of the Continent, most of the nineteenth century, Victor Hugo [...]
Unfunded pension liabilities of cities and states have doubled as their returns have fallen over the past decade and are now approaching $1 trillion. The problem has escalated a national debate about whether these [...]
The Opposite of Love, is not Hate, it is Indifference Although today’s world has not descended to the detestable conditions associated with the Holocaust, I certainly feel that today’s perpetuators of these innumerable terrorist acts [...]
The British referendum on June 23, in which 52 percent of the public voted to exit the Eurozone, remains a very contentious topic throughout the continent. It is easily the most consequential vote in Europe [...]
Introduction The British referendum on June 23rd, where 52% of their public voted to exit the Eurozone, remains a very contentious topic throughout the continent. To put in perspective, this vote is easily the most [...]
Adam Cohen traced the infamous story of the sterilization of Carrie Buck, a perfectly normal woman for being an “imbecile.” The Supreme Court (Buck v. Bell), in a 8-1, decision upheld a Virginia Law [...]
On Wednesday, the Federal Reserve announced that it would not only keep its benchmark interest rates unchanged but might only raise rates once over the next two years. The Fed policymakers’ altered rate outlook [...]
By Gretchen MorgensonIn today’s New York Times, Gretchen Morgenson wrote another outstanding investigative journalistic article. Morgenson focused on several important issues:The failure of several for profit schools to provide the educational benefits that were promisedIt [...]
On Thursday, the Organization of the Petroleum Exporting Nations ministers failed to agree on a new production ceiling. The cartel that controls over a third of the world’s oil has been pumping all out [...]
The U.S. Labor Department on May 6 reported that our economy added the fewest number of jobs in seven months, 160,000. So far in 2016, employment gains have averaged 192,000 per month. This is [...]
I recently heard on audible, All the President’s Men. Although I had read the book many years ago, I do not believe that at the time I appreciated the incredible investigative journalism that was [...]
For years I have admired Warren Buffett. Moreover, his eternal optimism is contagious. That is, it is hard to listen to Warren without buying America. Nothing seems to deter his belief that America is [...]
MetLife, the insurance giant that in 1985 secured the rights to use Snoopy in its company logo, has won a major victory, allowing it to avoid more strict federal scrutiny. Despite being the nation’s [...]
Six years after the government bailed out U.S. banks and auto companies, Chinese regulators are coming up with strategies to clean up their own banks’ bad debts, primarily caused by loans to state-owned enterprises [...]
“Negative interest rates are spreading like the Zika virus.” — Bill Gross, co-founder of PIMCO Bill Gross, a legendary fixed-income investor, recently expressed his alarm in his monthly newsletter over the increased use of [...]
On Thursday, Caterpillar, the world’s largest construction and mining equipment maker, warned that 2016 would be a grim year for it. It predicted that its revenues would decline for a fourth straight year — [...]
As 2015 ended, the International Monetary Fund's managing director, Christine Lagarde, lowered her forecast for 2016 in a guest column published by the German financial newspaper Handelsblatt.Earlier, she had said at a Brookings Institution event [...]
Several years ago, news organizations described the inventors of new financial instruments as “financial engineers.” Since then, the Great Recession has taught us that a financial Mr. Hyde, not a Dr. Jekyll, conceived some of [...]
Israel became the first country to earn World Health Organizations highest ranking for its field hospital unit. The UN World Health Organization recognized Israeli Army’s field hospital as the number 1 in the world [...]
“The junk bond market was a keg of dynamite that sooner or later will blow up” — Carl Icahn, on CNBC On Dec. 12, Carl Icahn warned that a lack of liquidity could cause [...]
Dennis Ross, a senior United States policy makers through four recent Well, yes, as a matter of fact; how about the diplomat who has devoted his professional life to trying to bring about that peace, [...]
The United Nations has released a surprising report showing that, for the first time since 1950, the working-age population in the world’s advanced economies is forecast to decline in 2016. And this drop is [...]
Pfizer has approved a deal to buy rival drugmaker Allergan for $160 billion, making it the largest pharmaceutical merger ever. Pfizer CEO Ian Read has repeatedly stressed his desire to move his New York-based [...]
The Labor Department last week reported the strongest jump in payrolls this year, some 271,000 in October, the fastest rate of wage increases since 2009. Unemployment fell to 5 percent from 5.1 percent. Average [...]
On Friday, the People’s Bank of China took several major steps to stimulate that country’s economy after it slowed to its lowest level since the 2008 global financial crisis. The bank: Cut its benchmark [...]
The U.S. Labor Department recently released the disturbing news that our job growth for non-farm payrolls only rose 142,000 in September. Adding to the woes, labor gains in July and August were revised downward. [...]
Global mergers and acquisitions could set a record this year of close to $4.6 trillion, according to data provider Dealogic. This would exceed the $4.3 trillion reached in 2007, the previous record year for [...]
Today’s WSJ revealed the results of a survey conducted by Kaiser Family Foundation along with the American Health Association. My Summary of Major points The average annual cost of an employer family plan in [...]
China’s recent devaluation of its currency, the yuan, highlights Beijing’s attempt to reverse the country’s domestic economic slowdown. Until now, the country’s stimulus efforts focused solely on its domestic market: Beijing encouraged its banks [...]
Investors are fleeing commodities amid mounting worries about the slowdown in global growth and the significant price declines in commodities. The World Bank, in its latest Commodity Markets Outlook, predicts that commodity prices will [...]
