Former New England Patriots defensive tackle Vince Wilfork, in announcing his retirement, will be hanging up his cleats. What's next? His options are open. Check it out. … [Read more...]
RAGE Gauge: Is This the Calm Before the Storm?
Is this the calm before the storm? Why bother getting into the prediction business when you can safely navigate these waters with a well crafted plan? It begins with you. Are you protecting your money as well as you can? Now is the time to look out into the ocean and think long and hard about what you're doing. Remember, when the storm warnings come you need to have the discipline and conviction to ride it out. Having spent many an hour sailing the local sea of Newport, Buzzards Bay, and Vineyard Sound, storms turn seconds into minutes and minutes into hours. You hope it will end … [Read more...]
What You Missed Friday Night at the Newport Jazz Festival
The Newport Jazz Festival got the party started Friday night with Trombone Shorty and Orleans Avenue. Shorty, aka Troy Andrews, is the grandson of Jessie Hill who is known for the classic song "Ooh Poo Pah Doo.” Shorty closed his Newport show with a get up and dance version of his funk and soul sound with “Do To Me” heard throughout the colonial streets of downtown Newport. It was awesome. Here it is along with his take on his grandfather’s classic. Do To Me Ooh Poo Pah Doo … [Read more...]
Should the GOP Refuse to Work With Democrats on Tax Reform?
There has been some rumbling in Washington D.C. that the best way forward for tax reform would be a bipartisan bill that would implement a permanent reform to the tax code. Chris Edwards, the Cato Institute's director of tax policy studies and a friend of mine from our meetings at Cato events, says Republicans should go it alone on tax reform. He writes: [T]his year, with these two parties, bipartisanship on taxes is not going to happen. The GOP can and should go it alone on major reforms. Back in the 1980s, numerous Democratic leaders pushed for tax reform, including Rep. Richard Gephardt … [Read more...]
Greenspan: Bond Bubble on the Brink of Bursting
Former Federal Reserve chairman Alan Greenspan issued a warning to investors on CNBC this morning, that the bond market, and along with it the stock market, are in danger of collapse. Greenspan blamed the abnormally low interests rates being set by the Federal Reserve for the danger in markets today. Greenspan predicts the change in the market will be "rather rapid." … [Read more...]
America’s Doctor Shortage and Aging Population Are About to Collide
Around 75 million Baby Boomers have recently retired or will soon at a rate of about 3 million per year. As these people reach their golden years, they will inevitably require more medical care. There are so many Baby Boomers they will change the balance of young and old people in America. By 2029, the number of 18 to 65 year-olds will drop from 63% of the population to 57%. Alongside the rapidly aging population, which creates new demand for doctor services, is the rapidly aging population of doctors, many of whom are Baby Boomers and will themselves soon retire. That creates a supply … [Read more...]
Is There a Defense Against My ‘Bezos Law’?
If you're a regular reader, you are familiar with my Bezos Law. The law states that for every industry Jeff Bezos enters, costs go down. Now a Morgan Stanley analyst named Brian Nowak has outlined what it takes to protect a business from the type of disruption caused by the Bezos Law. Nowak theorizes that a set of factors he calls BRIAN, can protect a business from being overtaken and disrupted by Amazon. The factors are listed here by Business Insider: Bespoke products that are unique and require lots of customization. Examples of industries include luxury goods and intimates. Morgan … [Read more...]
Can America Beat Crony Capitalism?
Americans don't like when the government tips the scales for a favored person or corporation. At The American Conservative, Alison Acosta Winters, a Senior Research Fellow in Economic Freedom at the Charles Koch Institute, reminds Americans that the Boston Tea Party was a response not to a tax hike on tea, but to a tax cut for only one favored company, the East India Company. The British government wanted the East India Company to succeed, so it gave the company an exclusive tax break. Needless to say, other tea importers were not pleased. Acosta Winters writes that crony capitalism, also … [Read more...]
Can GOP Succeed on Tax Cuts?
After the GOP's epic Obamacare repeal failure, Americans are wondering if the party can fulfill its other big promise to voters, tax cuts. Specifically the GOP has focused on cutting America's corporate tax rate, the highest in the developed world. The high rate harms American businesses, especially small businesses that can't afford to navigate through tax code loopholes to lower their rates. Today on Bloomberg, Sahil Kapur details the movement in Washington around a potential tax bill. Kapur writes: The House GOP tax blueprint backed by Ryan calls for a 20 percent corporate rate, … [Read more...]
Is Your Business Prepared for Disaster?
So you've trained with your guns and stored freeze dried foods and water in preparation for any coming apocalypse. But what about your business? Are you ready to keep operating in the face of disaster? Most disasters aren't world ending. Unlike in the movie Fight Club, after most hurricanes or tornadoes, your debt won't be wiped out. You'll still have to show up for work on Monday and make ends meet, only now in the face of infrastructure problems and displacement. For a glimpse of this reality, look no further than the hotel and B&B owners along Cape Hatteras today. The Cape is out … [Read more...]
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