A forty-ounce Thermos of hot coffee and I’m ready to face Tuesday after the Monday semi-holiday. Yes, a lot of people worked it.
Since the headlines are devoid of the “world ending” today, the futures are up about 70 points. What I expect will happen will be a modest trade up today and Wednesday and then money coming off the table by the end of the week.
In the meantime, other than a speech by Neel Kashkari of the Minneapolis Fed shortly and the PMI manufacturing number this promises to be a totally ‘missable’ week. Maybe we should all just pack it in and go skiing.
Move Over Buffett?
There is another Russian bash circulating in the Western press today. This one says Russia’s Vladimir Putin has amassed a personal fortune of $200-billion, has 20 palaces, and other trappings of power.
What the reports don’t do is compare that to the Clinton Foundation. Gee, ‘magine that.
Why I Don’t Read Reddit
I posed a question a couple of weeks ago in one of my Peoplenomics.com deeper thinking articles: Asked if America is becoming clinically crazy. I mean like DSM-V statistically validly crazy.
Yet here we see how the Social lynch mobs work. They work themselves into a frenzy then they can’t look at all sides of an issue. Instead, they have to freeze out, deny, censor, and so forth.
Laughably, they call it “science.” The term “Digital Mob Rule” is far more accurate, though, and it’s one of the reasons I’m taking bets on Internet content licensure by the government within five years.
He who owns the mobs owns the world which which I ‘spect even folks like Zuke Markerberg would have to admit.
Speaking the Obvious
I couldn’t help but notice the Daily Mail has an article that says people’s personalities are vastly different at age 14 versus what they are like at age 77.
I’m not sure why science has to focus on questions like this that we already know the answer to…but go read the details if curious.
Along the Same Lines
Here’s a story in the UK Independent that claims there’s a “‘Mismatch’ between the way our senses evolved and modern world is making us ill, experts warn.”
I’m not so sure about the ill part (especially once you get out from under the high-energy radio densities of big cities) but stupider? Yeah almost for sure.
Oroville Dam Pool
Up east of there, the running story about how the dam water release has met its targets on the one hand. But there are lots of speculative stories about (we all wring hands in unison here) what will happen if the dam fails despite hitting the release goals.
This is one of those stories where interest declines following the inverse square law from Oroville. Twice the distance, half the interest. By the time is pushes east of the Sierras, the reportorial questions run to “What’s an Oroville?”
New National Security Advisor
Looks like it will be H.R. McMaster – and what’s more, the NY Times article here doesn’t have much if anything to say bad about the pick. With John McCain turning anti-Trump we again are watching the implosion of the old guard republicans who have lost faith of the Middle.
Press Release Hunting
With little actual “hard news” we went looking for worthwhile press releases today.
GOBankingRates has a story about which states take the most out of your paycheck – interesting map:
The story continues:
If you’re earning (biggest bite states) $50,000 annually:
- Hawaii ($542.24)
- Oregon ($538.05)
- Idaho ($528.93)
- South Carolina ($524.95)
- Minnesota ($515.93)
If you’re earning $100,000 annually:
- Oregon ($1,340.95)
- California ($1,335.66)
- Hawaii ($1,324.69)
- Idaho ($1,301.83)
- Washington, D.C. ($1,297.83)
The states that take the least out of your paycheck — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — all have one thing in common: no state income tax.
Here’s a pretty simple observation we can therefore make: When States have an income tax, they will use it as a license to steal from the working folks. Both political parties are about equally corrupt in this, but now here’s some data that again shows: If you give politicians money they will overspend it.
(No, Ure not surprised, art thou?)
The Boss Gap?
Second press release du jour is from Robert Half – they find a drop in productivity when senior managers leave a company:
Maybe that’s because senior managers aren’t too keen on training their replacements, perhaps?
Perhaps, but the report offers this:
“Managers can avoid a drop in productivity and help employees effectively navigate changes in leadership by heeding this advice from Robert Half:
- Cultivate succession and hiring pipelines. Know who in your department or company might be ready to move into a bigger role, and keep a trusted recruiter on speed dial.
- Consider an interim boss. If you don’t have someone who can step into a leadership position immediately, hire an interim manager to keep projects moving and workloads in check.
- Move quickly. Minimize the time of uncertainty by filling the role swiftly yet smartly, making sure you check off all necessary steps.
- Keep everyone informed. Updating your team about the progress of the search for a new manager can help improve staff morale and keep rumors to a minimum.
Yeah – right – like this ever happens, right?
About here, it’s time to go manage some breakfast…so keep reading and spending. To retool a line from a conservation group’s television commercial:
“When the spending stops, the world stops.”
Say “Hi!” to the digital lynch mob for me…