You hear your phone ring, and see an unfamiliar number calling. It's someone from your area code, but no one you recognize. Despite your gut feeling telling you to ignore the call, you pick up thinking maybe it's an acquaintance or colleague you haven't added to your contact list. You answer and are instantly barraged with a recorded message informing you that to receive your stimulus check you must hand over all your personal information right then and there. Unfortunately, that's the scenario playing out across America today, and even though most people recognize the scame, some … [Read more...]
Investing After the Coronavirus
Coronavirus Infects Stock Market: Part XXIX Imagine falling 200 feet while descending Mount Washington, slamming into a pile of rocks that prevents you from going over the edge—and needing a rescue. That’s the scary scenario one hiker found herself in recently. “It was these rocks that ultimately saved her from plunging into the ravine, a fall that would have likely proved fatal,” said Fish and Game Lt. Mark Ober Jr. in a statement. “Her companion was able to descend to her position, place a call for help and keep her warm with a space blanket until rescuers arrived.” The hikers were … [Read more...]
Your Retirement Life: The Importance of Our Getaway Cars
When you want to get away from it all; a client reminds me of the importance of our getaway cars, as shown recently in the Grand Tetons. … [Read more...]
Gang Violence Preventing Chicago from Caring for Coronavirus Victims
A spike in what appears to be gang violence is sucking up resources from Chicago's emergency services that could be put to much better use helping the city's coronavirus patients. The Chicago Tribune reports: Mayor Lori Lightfoot and interim police Superintendent Charlie Beck decried Tuesday’s spike in gun violence in Chicago, saying the shootings strain the city’s health services at a time when hospitals need to focus on the coronavirus pandemic. “Violence of any kind is never acceptable,” Lightfoot said. “But the fact that this is especially urgent now as our ability to treat all … [Read more...]
Coronavirus Could Reshape America’s Logistical System Forever
You never know what you're really made of until you're tested. Coronavirus has tested every facet of the American logistical system. With millions of Americans at home, doing their best to avoid going out by ordering online, the e-commerce infrastructure of America has been pushed to its limits. With all that pushing, some things have bent, and few have even broken. Major e-commerce businesses and brick and mortar companies with large logistical operations are looking at how to improve for the future. Part of that improvement, reports Paul Page in the WSJ's Logistics Report is the … [Read more...]
“Remember, Never Touch Downed Wires & Report them Immediately”
Coronavirus Infects Stock Market: Part XXVIII You know life changes quickly in times like these. One minute you’re enjoying the quarant-time (my daughter’s word) and the next it’s 2:30 in the morning and you’re thinking about patio furniture—I was at least. We’re expecting hurricane-force winds today (perhaps not technically the 75mph hurricane-force threshold, but 72mph is close enough). Before bed, National Grid (the regional power company here) texted warnings, “Remember, never touch downed wires & report them immediately to 1.800.465.1212.” Sleep tight! Is the patio furniture … [Read more...]
Coronavirus is a Wake Up Call for the Irresponsible, Here’s How to Regain Control
Coronavirus Infects Stock Market: Part XXVII You’ve told some heroic stories about your loved ones on the front lines and your children who are doctors and nurses working 19-20 hours days. Some of you who work in hospitals now are telling me it’s a war zone, especially those of you in New York. Thank you. As the number of Americans losing the battle is peaking, I think all of us are thankful for the good that we have in our lives. As I wrote to you yesterday, it is shocking how this virus has ruined the finances of those that should have been better prepared. How a large group of … [Read more...]
COVID-19: A Lesson of Resilience for Companies
If the coronavirus has taught us anything, it’s how quickly a supply chain can be disrupted—especially on the global front. But businesses like Ford, 3M, Sysco, and many others are displaying cross-industry collaboration and resilience during unprecedented times, says Linda Dunn of Georgetown University: Supply chains are not simple and often have long, complex paths with many nodes, or stopping points, across many different companies, channels, geographies and countries. This is why we refer to them as “supply webs.” Before a store can put a previously sold-out product back on its … [Read more...]
What My RAGE Gauge™ is Telling You
Coronavirus Infects Stock Market: Part XXVI Before you dig into my latest RAGE Gauge™, let’s spend a few minutes defining the coronavirus pandemic: It has been way harder for some than it needed to be. I’m not talking about the poor. I’m not talking about those who are living paycheck to paycheck, either. Unfortunately, for a large swath of Americans, a $1,000 shock to monthly income is devastating. That may never change. The group I’m talking about is, perhaps, the fifth of you who have savings: the wealthy, the upper-middle class, the middle-class, the doctors and lawyers and … [Read more...]
What I’ve Been Listening To: B and G (Midwestern Night’s Dream)
"B and G (Midwestern Night’s Dream)" on Quartet Live! featuring Gary Burton (vibes), Pat Metheny (guitar), Steve Swallow (bass), Antonio Sanchez (drums). … [Read more...]
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