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Sunday, October 28, 2012

Articles of Note

I seem to be finding all sorts of fascinating articles this weekend.
Maybe you'll find something here that piques your interest...

1. Innovator of the Year Awards 2012 
Would you have guessed that Mary-Kate & Ashley Olson are among the winners? These are some hard-working gals.
To sum up their current fashion design philosophy:
"We like the mentality of the way men dress—a few investment pieces that you can wear all the time and build upon."
Read the full story about their company, The Row, in this interesting article in WSJ.

2. Already -24 Celsius in Lapland! (Northern Finland)

A fascinating review of Bob Dietrick & Lew Goldfarb's book Bulls, Bears, and the Ballot Box. The review is written by a reporter who espouses to be a big fan of Milton Friedman's economic theory.

As Dwight Eisenhower said in a New Yorker interview
“I despise people who go to the gutter on either the right or the left and hurl rocks at those in the center.”

I have to copy/paste the closing remarks of this article, as I know they're going to stir up some opinions:

The book covers only Presidents Hoover through W. Bush.  But as we near this election I asked Mr. Goldfarb his view on the incumbent Democrat’s first 4 years.  His response:
  • “Obama at this time would rank on par with Reagan
  • Corporate profits have risen under Obama more than any other president
  • The stock market has soared 14.72%/year under Obama, second only to Clinton — which should be a big deal since 2/3 of people (not just the upper class) have a 401K or similar investment vehicle dependent upon corporate profits and stock market performance”
As to the challenging Republican party’s platform, Mr. Goldfarb commented:
  • “The platform is the inverse of what has actually worked to stimulate economic growth
  • The recommended platform tax policy is bad for velocity, and will stagnate the economy
  • Repealing the Affordable Care Act (Obamacare) will have a negative economic impact because it will force non-wealthy individuals to spend a higher percentage of income on health care rather than expansionary products and services
  • Economic disaster happens in America when wealth is concentrated at the top, and we are at an all time high for wealth concentration.  There is nothing in the platform which addresses this issue.”
There are a lot of reasons to select the party for which you wish to vote.  There is more to America than the economy.  But, if you think like the Democrats did in 1992 and “it’s about the economy” then you owe it to yourself to read this book.  It may challenge your conventional wisdom as it presents – like Joe Friday said – “just the facts.” 


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