You are not poor; income inequality is a myth; the middle class is doing just fine. That seems to be the message coming from numerous right-leaning think tanks, websites and authors. I was reminded of this yet again over the weekend when I saw another attempt at telling the poor how lucky they are to… Read More The post Its Awesome Being Poor Today! appeared first on The Big Picture.
The question came up recently: Why do you write about investing, behavioral economics, regulations, Wall Street? Why do you think this is so important to do? I thought this was an interesting enough question that rather then give a knee-jerk response, I thought about it for a while. I came up with a few observations: 1. Interests:… Read More The post Why We Do What We Do appeared first on The Big Picture.
Our Pro-Science morning train reads: • ‘Silicon Valley’ Is Still the Outrageous, Tech Industry-Skewering Show That We Deserve (Daily Beast) • Grab Your Pitchforks, America, Your 401(K) May Need Defending from Congress (Moneybeat) • Is this the end of venture capital as we know it? (VentureBeat) • Trump condos worth $250 million pose potential conflict (USA Today) • Richard… Read More The post 10 Monday AM Reads appeared first on The Big Picture.
The Bloomberg Intelligence Global Cannabis Competitive Peers Index—an equally weighted index of 54 stocks with significant exposure to cannabis-related operations—tripled since the start of 2015 Here is Bloomberg: “Cannabis continues to light up Main Street in both the U.S. and Canada. Twenty-eight U.S. states and the District of Columbia now have approved medical marijuana programs; eight—Alaska,… Read More The post Bloomberg Weed Index appeared first on The Big Picture.
So far, Bloomberg has given away $5B to causes that often dovetail with his political interests, like gun control and the environment. The ex-mayor of NYC would have bankrolled a 2016 presidential campaign if he thought he had a “reasonable chance” of getting elected. Who would have been his running mate? Retired Navy Adm. Mike… Read More The post Bloomberg on 60 Minutes appeared first on The Big Picture.
My easy like Sunday morning reads: • Oral history: Prince’s life, as told by the people who knew him best (StarTribune) • French election explained in five charts (BBC) • Calpers Is Sick of Paying Too Much for Private Equity (Wall Street Journal) • Weed Strains Are Mostly Bullshit (Vice) see also Public banking goes to pot (High Country… Read More The post 10 Sunday Reads appeared first on The Big Picture.
Sexual harassment allegations in 2004 failed to bring down the biggest star in conservative television. So why couldn’t Bill O’Reilly survive more accusations in 2017? CNN’s Tom Kludt dives into the changes, both inside and outside the halls of Fox News, that led to O’Reilly’s downfall. This is why Bill O’Reilly was fired… Read More The post Why Bill O’Reilly Was Fired appeared first on The Big Picture.