Government Siphon Targets Corporate Stock Buybacks
During last night’s State of the Union, President Joe Biden announced a quadrupling of the corporate buyback tax, which was introduced in the 2022 Inflation Reduction Act. The tax will be applied to stock purchases made by domestic public companies. For reasons that are clear, the political left has long looked askance at stock buybacks. […]
FirstFT: Powell warns of higher rates if jobs data remains strong
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning Federal Reserve chair Jay Powell warned yesterday that it would probably take a “significant period of time” to tame inflation given stronger labour […]
Evidence-Based Medicine for the Modern Age of Artificial Intelligence
Lambert here: When you get to Figure 2 — the tip of the Evidence-Based Medicine iceberg — it’s not an “iceberg.” It’s a fatberg. By KLG, who has held research and academic positions in three US medical schools since 1995 and is currently Professor of Biochemistry and Associate Dean. He has performed and directed research […]
Inconvenient views – Econlib
I believe we should all strive to hold some inconvenient views. That is, we should hold views about how the world works that might weaken support for our policy preferences. For instance, I believe that drug legalization would increase the use of narcotics. That view is somewhat inconvenient, as I support drug legalization (for a […]
Surging stocks undermine a hallowed investing rule
If you are one of the many buyers of American stocks or Treasury bonds in the past four months, or indeed a buyer of most financial assets over the period, then this article has a message for you: congratulations. Not only have you achieved pretty healthy returns—the s&p 500 index of big American firms is […]
