Alberto Ibarguen and Ken Griffin

September 22, 2022 at 8:57 am

Bloomberg News this week uncorked its long-anticipated article about Ken Griffin's arrival as "instantly Florida's richest person after moving his family and financial empire to Miami from Chicago."

The line in Amanda L. Gordon's dispatch that really caught my attention was the shade cast by Alberto Ibarguen, president and CEO of the Knight Foundation. Gordon quotes Ibarguen as saying, "This is really an inorganic infusion of upper-middle-class and rich individuals that are suddenly coming in and widening the wealth gap even more."

"Inorganic"? Ibarguen makes Griffin sound like some kind of chemically fertilized supermarket tomato. Or a cheap pair of polyester pants. Or the vinyl upholstery on the subcompact rental car tourists pick up in the Alamo lot at MIA. What could Ibarguen possibly have been thinking?

Continue Reading

 

A Chaplain for the Education Department?

September 5, 2022 at 4:46 pm

"The Federal Department of Education Now Has a Chief Economist. Maybe What It Really Needs Is a Chaplain," is the headline over a column I wrote for Education Next. Please check it out in full if you are interested in that sort of thing. The subheadline is "A Christian case for student loan relief?"

Submit a Comment

 

Vanguard Hits Non-Millionaires With New $20 Per Account Fee

August 31, 2022 at 6:18 pm

Vanguard is telling account holders that if they want to keep getting paper statements, tax forms, or mutual fund annual reports in the mail and don't have at least $1 million with Vanguard, "you may be subject to a $20 annual account service fee per Vanguard Brokerage Account."

The timing of this is strange. After years of gains, the stock and bond markets are down, and Vanguard decides that now it's a good time to stop mailing shareholders statements and mutual fund reports that allow them to see how much they have lost?

Also, given that Vanguard has earned a reputation over the years for low fees and for welcoming customers who aren't yet wealthy, the $20 per account for everyone without $1 million seems fairly steep.

Continue Reading

 

Joe Pinion Versus Senator Schumer

August 25, 2022 at 4:49 pm

The Republican Party's candidate against Senator Schumer in New York in 2022, Joe Pinion, is the topic of my column this week, which features an interview with Pinion. Please check out the full column at Newsmax ("Pinion Could Shake Schumer Out of His Complacency") and at the New York Sun ("Who Is Joe Pinion? He Could Be the Candidate to Topple Senator Schumer").

3 Reader Comments

 

Reviving Anti-Communism

August 18, 2022 at 7:47 am

The September issue of Commentary, just out, has a well-crafted and timely article by Gary Dreyer headlined "Why and How to Revive American Anti-Communism."

Submit a Comment

 

Where Is Biden's Barry Goldwater?

August 17, 2022 at 8:10 am

President Biden's upcoming in-person meeting with Xi Jinping is the topic of my column this week. Please check out the full column at Reason ("Biden Shouldn't Meet Xi Jinping in China. He should do it in America."), at Newsmax ("Biden Would Do Well to Learn from Goldwater's Wisdom"), and at the New York Sun ("Wanted: A Barry Goldwater for President Biden.") The column was also picked up and excerpted by the Wall Street Journal in its "Notable & Quotable" feature spot ("The Chinese Communist Party") and mentioned by Jim Geraghty of National Review in his "Morning Jolt" newsletter ("The Remarkable Apathy about Biden-Family Corruption").

Submit a Comment

 

David McCullough

August 11, 2022 at 7:19 am

Historian David McCullough is the topic of my column this week. Please check out the full column at Reason ("R.I.P. David McCullough, Who Saw the Bright Side of History"), Newsmax ("McCullough Was a Miraculous Story Teller"), the New Boston Post ("McCullough's Miracle: Recovering Heroic Story of 1776"), and the New York Sun ("McCullough's Miracle: Recovering the Heroic Story of 1776.")

Submit a Comment

 

Biden's 'Never Again'

August 3, 2022 at 8:48 pm

"Future historians may ask what Biden was busy doing while the Chinese Communists were perpetrating a genocide. What an irony if the answer turns out to be, visiting Yad Vashem," I write in my column this week. Please check out the full column at Newsmax, where it appears under the headline, "For Now, Biden's 'Never Again' Are Empty Words."

Submit a Comment

 

Photo of the Day

August 2, 2022 at 9:10 pm

The "coastal elite" t-shirt, $34, made in Mexico, 100 percent cotton. "Very popular" according to the salesperson, to the point where there were only two remaining in stock.

Submit a Comment

 

Goldman Pushes "Classic Cars"

July 31, 2022 at 12:13 pm

An unsigned "insights" article published by Goldman Sachs is headlined "How to Overhaul the Tried-and-Tested Investment Portfolio When Inflation Soars." It reports, "Real assets could be more important in a cycle where inflation is higher than the world has been used to over the past two or three decades. Things like residential real estate can generate profits that exceed inflation. Precious metals and even fine art and classic cars can help protect purchasing power when consumer and commodity prices are climbing quickly."

"Classic cars" made me smile.

Whether "classic cars" will outperform stocks for investors over whatever time horizon the investor cares about is something I don't know for sure. I don't think Goldman knows for sure, either, which is why it uses carefully crafted cautious language such as "could be" and "can."

Continue Reading

 

Crazy Versus Preachy

July 28, 2022 at 5:25 pm

Suburban swing voters see the election as a choice between crazy Republicans and preachy Democrats, I write in my column this week. Is there a middle path? Please check out the full column at Newsmax ("Is a Manchin-Sinema Ticket Possible for 2024?") and at the New York Sun ("Manchin-Sinema Ticket Could Offer Escape From 'Crazy Versus Preachy' Two-Party Trap").

1 Reader Comment

 

The Biden Stagflation, Second Quarter

July 28, 2022 at 8:52 am

Today's announcement of a second quarter of contracting real GDP, combined with inflation of 9.1 percent, means that the case for tax cuts in combination with tight monetary policy just got even stronger.

Submit a Comment

 

Verizon Economic Adjustment Charge

July 27, 2022 at 7:48 pm

If you are a Verizon customer, check your bill carefully. One such bill I saw recently included this language: "Just as you are seeing in your business, Verizon Business is seeing a wide range of increases in its costs to provide service. As these challenges have continued to mount, we have made the decision to add an Economic Adjustment Charge. On June 16, 2022, Verizon Business began adding the charge to newly activated and upgraded lines, existing lines that have completed a contract-based line term, and lines that have twelve (12) months or fewer remaining on a Device Payment Plan Agreement. The amount of the charge is $2.20 per month/line for each smartphone and data device, and $0.98 per month/line for each basic phone and tablet device."

Continue Reading

 

To Fight Inflation, Cut Taxes

July 21, 2022 at 8:15 pm

The best cure for the 9.1% inflation and negative growth afflicting the American economy would be tax cuts, I write in my column this week. Please check out the full column at Newsmax ("To Fight Inflation Let's Start by Cutting Taxes") and at the New York Sun ("To Fight Inflation, Cut Taxes.")

Submit a Comment

 

Obama, Syria, Ukraine, and the Honorable Cold War

July 20, 2022 at 5:13 pm

Leon Wieseltier, writing in Liberties:

Continue Reading

 

<- Prev 15 items   |   Next 15 items ->