2023 Market OutlookJanuary 15, 2023 at 8:57 am
Newsmax has posted my column on the 2023 stock market outlook. It includes a couple of paragraphs that were not in the New York Sun version of the column. The headline is "Market May Surprise on the Bullish Side in 2023."
David Brooks and Bret Stephens on the GOP's FutureJanuary 15, 2023 at 8:45 am
The New York Times has a conversation between David Brooks and Bret Stephens on the future of the Republican Party. It's uneven but worth a look. Highlights:
More Skepticism of RecessionJanuary 6, 2023 at 8:09 am
From the front of the business section of today's New York Times (January 6, 2023):
Kevin McCarthyJanuary 4, 2023 at 9:59 pm
Two from the archives that might be useful context for those following with interest the difficulty Kevin McCarthy is having sealing the speakership of the House: 1) Our 2010 review of "Young Guns: A New Generation of Conservative Leaders," by Paul Ryan, Eric Cantor, and Kevin McCarthy. The review concluded: "These guys are, after all, politicians, a fact that occasionally shines through. Mr. McCarthy was elected to Congress in 2006 after the retirement of his 'mentor and friend,' Bill Thomas, for whom Mr. McCarthy had worked for 15 years starting at age 22. Mr. Thomas had served 28 years in Congress, which makes the complaint elsewhere in the book, directed at Democratic House committee chairs, that 'the people who are making the nation's energy and tax policy for America's small business haven't been in the private sector for over three decades,' ring a bit hollow."
Byron Wien on 2023 and 2009January 4, 2023 at 9:20 pm
The photo cutline on my January 2 New York Sun column accurately described the column's contents: "Hardly anyone is saying this publicly, but the stock market could be in for a repeat of the 2009 rebound." Lo and behold, January 4 at noon, the vice chairman of $951 billion asset manager Blackstone, Byron Wien, and Joe Zidle, Chief Investment Strategist in the Private Wealth Solutions group at Blackstone, released their "Ten Surprises of 2023." From the release: "Byron defines a 'surprise' as an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is 'probable,' having a better than 50% likelihood of happening. Byron started the tradition in 1986 when he was the Chief U.S. Investment Strategist at Morgan Stanley." Surprise number 4 on the Wien list is "Despite Fed tightening, the market reaches a bottom by mid-year and begins a recovery comparable to 2009."
Market May Surprise on Bullish Side in 2023January 2, 2023 at 4:30 pm
What the U.S. stock market will do in 2023 is the topic of my column this week. Please check out the full column in the New York Sun ("Happy New Year — 2022 Was the Worst Year for Stocks Since 2008/History suggests this could lead to an upswing in the year just begun.")
NPR Turns Naps Into Attack on CapitalismDecember 28, 2022 at 8:40 pm
National Public Radio's "All Things Considered" devoted eight minutes this week to having Shereen Marisol Meraji interview Tricia Hersey, the author of Rest Is Resistance. From the transcript:
New York Republican BoomDecember 25, 2022 at 9:56 am
Even the New York Times acknowledges in a news article: "Across New York City, where Democrats outnumber Republicans seven to one, there are signs of Republicans making inroads. In the most recent midterm elections, every county in the city voted more Republican than it did in the 2020 presidential election, and three Democratic members of the State Assembly lost to Republicans in South Brooklyn." The Times highlights Ari Kagan, a New York City Council member who, like Senator Sinema, is leaving the Democratic Party:
Michael Bloomberg's Best RevengeDecember 23, 2022 at 8:56 am
Senator Elizabeth Warren's upcoming reelection race is an opportunity for Mayor Bloomberg to exact retribution for her attack on him in the 2020 presidential campaign, I write in my column this week. Please check out the full column at Newsmax ("How Bloomberg Has a Chance Against Warren for '24") and at the New York Sun ("Elizabeth Warren's 2024 Campaign Is Mike Bloomberg's Best Opportunity for Revenge").
Vertex Partnership AcademiesDecember 18, 2022 at 1:10 pm
For the Philanthropy Roundtable, I made a trip to the Bronx and wrote an article about what Ian Rowe and his team are doing up there at Vertex Partnership Academies. I found it quite inspiring. Please check the article out: "New Bronx School Teaching Students Their Futures Are in Their Control."
Remembering RosovskyDecember 18, 2022 at 1:02 pm
"Henry Rosovsky, an Educator, Is Mourned," is the headline over my latest piece for Education Next, worth checking out by clicking the hyperlinked headline if you are interested in higher education, Afro-American studies, or Jewish life at Harvard.
Weingarten Says Biden May Have Exceeded FDRDecember 13, 2022 at 12:49 pm
Visiting First Lady Jill Biden at the White House, the president of the American Federation of Teachers, Randi Weingarten, claimed President Biden has done "more than any other president since FDR, and maybe more than FDR." I've got a report about this up at Education Next.
Sinema Says No to SchumerismDecember 13, 2022 at 12:40 pm
Senator Sinema's decision to leave Senator Charles Schumer's Democratic Party is the topic of my column this week. Please check it out at Newsmax ("Sinema Departure Is Defeat for Schumer") and at the New York Sun ("Sinema Departure Is Defeat for Schumer.")
An Issues-Based CampaignDecember 11, 2022 at 7:19 pm
The 2024 Republican presidential primary will be a chance for the party to sort through some of the unresolved issues, I write this week. Please check out the full column at Newsmax ("Is GOP Too Eager to Transform Itself?") and at the New York Sun ("Intra-Republican Policy Fights Will Enliven 2024 Campaign").
The Times Strike and the Pension IssueDecember 8, 2022 at 10:21 am
From a Wall Street Journal account of the labor strife at the New York Times, where unionized employees are staging a walkout: "The negotiations have centered around pay, retirement and other benefits. The company recently offered a choice between keeping a pension plan or selecting a new 401(k) plan, a change from its initial proposal of replacing the pension with the 401(k)."
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