A U.S. recession would be ‘good news’ for markets, strategist says
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty Images A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management. U.S. […]
What’s Called “Common Good Capitalism” Would Work Against the Common Good
The foundation upon which the case for so-called “common good capitalism” rests is rickety at best. As I explained in my previous column, the empirical claims used to justify this ill-defined version of capitalism range from questionable to downright false, while much of the economic reasoning deployed by “common good capitalists” is a nest of […]
Focusing Exclusively on “Creating Jobs” Can Do More Harm Than Good
We are constantly bombarded by politicians declaring the importance of “creating jobs” in the economy. We regularly see government initiatives like public works projects, “stimulus” programs, and government subsidies enacted under the guise of creating jobs. Simply put, however, policies with the sole goal of maximizing jobs miss the mark. The true emphasis should be […]
Banks Try to Make Security Customer-Friendly. Not a Good Mix.
Account security has long been a paramount concern of banks. And the Internet era and online banking services have increased the attack surface. See the movie The Shawshank Redemption for an illustration of what it took to heist an account with out an inside co-conspirator, back in the days of paper-based documentation. Today banks need […]
Yes, Twelve Dollars Is a Good Price for Two Batteries–Under the…
After looking around a bit, I asked the cashier at a nearby convenience store if he had any nine-volt batteries because I didn’t see any on the shelf. To my good fortune, he did. I asked for two of them and pulled a $5 bill out of my wallet as he rang them up. “$12,” […]