Take a look back at this piece on what George Gilder calls "Google Marxism." Then go on to read my Gilder inspired series called "Cryptocosm and Life After Google." In The Wall Street Journal's Weekend Interview, Tunku Varadarajan interviews George Gilder, an investment author who made it big during the tech boom, but subsequently lost it all when his subscribers deserted him after the bubble popped. Gilder is concerned about the idea that artificial intelligence will replace humans, a concept he calls "Google Marxism." Varadarajan writes: Mr. Gilder is one of a dwindling breed of polymath … [Read more...]
Survive: Hurricane Maria Deadliest Storm Since 1900
After Hurricane Maria devastated Puerto Rico, I have followed along closely, taking note of survival implications. The storm was a real world worst-case-scenario and unfortunately thousands were caught in its path. The Economist reports that Maria was America's deadliest storm since 1900. They write: WITH vicious winds gusting at 120mph, the hurricane that made landfall in Puerto Rico on September 20th 2017 was expected to be deadly. Hurricane Maria wrought destruction across the island, cutting power, communications and drinking water to nearly every home. Yet most of the 3.3m islanders … [Read more...]
Your Retirement Life: Do Something
Activity, you know, trading in and out of stocks or bonds isn’t good for your financial health. I’ve always liked Vanguard founder Jack Bogle’s quote on the matter: “Don’t just do something, stand there!” But, when it comes to your overall health doing something may be the trick to your happiness. Deborah Gage reports in The Wall Street Journal about the "cascade of positive effects" exercise can have on your body. She writes: Exercise has been shown to protect against diabetes, stroke and several other diseases and to improve our moods. But does it also make us more likely to engage in … [Read more...]
The Clear Value of the Right-to-Work
You have clear evidence in the table below that allowing workers to choose whether or not to join a union really does matter. Take a look at the 10-year trend of workers in their peak earning years leaving New England—a region with forced unionism. Workers simply don't want to be forced to pay dues to fund efforts by the unions which they don't support. Whether that be political speech or contract negotiations that could put the corporations employing the union members in jeopardy. The National Right to Work Committee explains the correlation between forced unionism and population … [Read more...]
Raimondo Makes Schools Less Safe
Governor Gina Raimondo of Rhode Island announced yesterday that she was banning "all firearms, except those carried by police officers, from public schools and grounds in Rhode Island." The functional outcome of this decree will be to prevent concealed carry permit holders from carrying on school grounds. Concealed carry permit holders in Rhode Island are highly vetted with background checks, qualification tests, psychological exams in some cases, references and the imprimatur of the Attorney General or their local police chief. Removing these trained, armed, upstanding members of the … [Read more...]
I stand with J.D. Martinez for the Second Amendment
The liberal Boston media is having a fit over a pro-Second Amendment Instagram post back in 2012 by slugger J.D. Martinez. I stand with J.D. Alex Speier of The Boston Globe writes: J.D. Martinez said he had no intention of offending anyone or wading into contentious political waters when, in 2013, he posted on Instagram a quote that has been falsely attributed to Adolf Hitler by anti-gun control advocates. Martinez’s inaccurate quote was, “To conquer a Nation, First disarm it’s (sic) citizens.” “This is why I will always stay strapped! #thetruth,” Martinez wrote in the … [Read more...]
Consumer Confidence Soars in the Trump Economy
Americans are back to work, and with their new jobs they are feeling extremely confident as consumers. The Conference Board's survey of Consumer Confidence shows American consumers feeling better than they have since December of 2000. Martin Crutsinger reports at the AP: Americans’ consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the future rebounded. The Conference Board reported Tuesday that its consumer confidence index rose to 133.4 in August, up from a reading 127.9 … [Read more...]
Your Retirement Life: Do You Understand the Value of Bonds?
If you haven’t constructed your bond portfolio yet, then what are you waiting for? Once you’re in your 50s, the time has come to own some bonds. Consider bonds your anchor to windward. Determining how much you, not your neighbor, needs in bonds is a most personal equation. Only you and your spouse and hopefully your advisor know the right mix for you. Period. Unfortunately, those well into their golden years who put off bonds paid a devastating price in the two stock market crashes so far this century. So what are you waiting for? Imagine how you’ll feel in the third stock market … [Read more...]
Cruising Buzzards Bay
Buzzards Bay, known for its warmer New England waters, extends eastward into the mouth of the Cape Cod Canal and south, via Woods Hole, to Vineyard Sound and the island of Martha’s Vineyard. We cruise through Buzzards Bay on our way to Mattapoisett, MA from Newport, RI. … [Read more...]
Survive and Thrive September: Your Retirement Life: Fishing Block Island
Dear Reader, September is a perfect time to come visit me in Newport, RI. The weather is still beautiful and there’s plenty to do with the Newport Boat Show in town and some world class fishing. Your Retirement Life: Fishing Block Island It’s hard to beat the striped bass fishing off Block Island. In this video you see the voyage from Newport, RI to the Block for some late Summer striped bass fishing. Don Smith explains more about fishing around Block Island at On The Water: Block Island earned its reputation as a legendary striper-fishing destination many years ago. These days, … [Read more...]
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