1
Business Day
In Long Run, There’s No Such Thing as an Einstein Investor
In investing, as in physics, the insights of outstanding individuals and of crowds of experts are both valuable. But following any approach blindly leads to trouble.Note that financial markets are trailing the economy.
Reports of financial markets trail financial markets.
One cannot predict the future by looking at the distant past.
One can know how people have reacted to conditions.
Sometimes that is enough.
2
Business Day
Robert Campeau, Flamboyant Canadian Who Owned Bloomingdale’s, Dies at 93
Mr. Campeau, a developer, built a department store empire in the United States in the 1980s, but it swiftly drowned in a sea of debt.https://en.wikipedia.org/wiki/Pyramid_scheme
Associated Stores:
Built of retailers.
Amazon:
Built on retail customers trade.
"I can get it for you wholesale"
3
Opinion
What Americans Get Wrong About Porn
"It is better to marry than to burn."
The flames of Hell.
https://en.wikipedia.org/wiki/Hell
https://commons.wikimedia.org/wiki/File:Hel_%281889%29_by_Johannes_Gehrts.jpg
4
U.S.
Inmates Come to Georgia Deputy’s Rescue After He Collapses
Several inmates in a work program in Polk County, Ga., may get time off their jail sentences after aiding a deputy who was overseeing them."Man bites dog"
The "silly season" begins.
https://en.wikipedia.org/wiki/Silly_season
5
Watching
Here’s What to Read About the ‘Fargo’ Season 3 Finale
Some parts of Wednesday’s episode were more ambiguous than others. Likewise for some of the opinions about it.It is topical entertainment.
Any great truths are subtext.
Paintings of duck decoys are just as important as gruesome and ultimately pointless deaths.
6
World
White House Tries to Get G.O.P. to Water Down Russia Sanctions Bill
The Trump administration is quietly lobbying House Republicans to weaken the legislation passed overwhelmingly by the Senate.Trump personally needs the Russians.
Much of the Senate fears them and their communist history.
U.S. Senators do not learn quickly and never forget or forgive. This characteristic of the Senate is why we have a State Department.
Trump does not have a State Department.
The lack pleases me.
7
Job Market
When You’d Rather Not Be a Reference
A friend re-entering the work force wants your endorsement, but your feelings are mixed, at best. Here’s how to proceed.Careful thought and essential honesty are necessary.
8
Opinion
Goodbye, Medicaid
Senate Republicans have proposed a radical shrinking of a program that has turned out to be more popular than many people understood.https://www.nytimes.com/2017/06/22/upshot/shifting-dollars-from-poor-to-rich-is-a-key-part-of-the-senate-health-bill.html
https://www.vox.com/policy-and-politics/2017/6/22/15846728/senate-plan-better-care-reconciliation-act
I am convinced of the evil of the Republican bills.
9
Books
Why Did Lincoln Move So Slowly to Abolish Slavery? Because He Was a Racist, This Book Argues.
Fred Kaplan has not written a definitive biography of Lincoln.
10
N.Y. / Region
An 11th-Hour Push to Rename the Tappan Zee Bridge After Mario Cuomo
There had been speculation that Gov. Andrew M. Cuomo might want to name the new bridge after his father, but the effort didn’t pass the Assembly.The loss of this bill is insignificant.
The Thomas M. Dewey Throughway is still the New York State Throughway.
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