Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Global markets buckled, with stocks plunging from Tokyo to London and Chicago, as the BBC projected a victory for the “Leave” campaign with most votes counted in Britain’s referendum on membership of the European Union. The pound fell the most on record, while haven assets jumped. Sterling tumbled 10 percent, the euro slid by the most since…
Something incredible is underway: Long-term interest rates are collapsing in a big way. German 10-year yields moved into negative territory this week for the first time ever. U.S. 10-year yields have dropped back to 2012 lows. According to Fitch, the volume of global government bonds trading with negative yield has crossed the $10 trillion mark…
Nearly half of unemployed Americans have quit looking for work, and the numbers are even worse for the long-term jobless, according to a poll released Wednesday that paints a grim picture of the labor market. Some 59 percent of those who have been out of work for two years or more say they have stopped…
So much for that much anticipated rebound in the participation rate. After it had managed to rise for 5 months in a row through March, hitting the highest level in one year, the disenchantment with working has returned, and the labor force participation rate promptly slumped in both April and May, sliding 0.4% in the…
Every year, high school students and their parents spend much time, effort, and money on the college search. By comparison, they spend very little time focused on how they will spend their undergraduate years while in college. Yet a series of decisions that start the moment they secure their spot in the freshman class—from choosing…
Some millennials may never get to experience the joys of playing bocce and telling kids to get off their lawn, as 12 percent of Americans between the ages of 20 and 34 expect to work until they die. A study, released on Tuesday by workforce solutions company Manpower Group and conducted by surveyor Reputation Leaders, found…
According to the high-profile consulting firm, McKinsey & Co., millennials will have to work seven years longer or save twice as much in order to live as well in retirement as their parents. But take heart millennials! The following video should make you feel better (if you have a little adventure in your soul as…
The national suicide rate is at its highest in nearly 30 years. Why? (Photo: Silvia Sala/Flickr) So much for a country built on boundless optimism. More Americans are committing suicide now than at any other time in the last 30 years, according to a new analysis by the National Center for Health Statistics. The NCHS…
A sign alerts trail walkers in Fairfax County’s Roundtree Park to the remains of a bridge that washed out near Holmes Run. With a mounting backlog of deferred maintenance, there are no immediate plans to fix it. (Bill O’Leary/The Washington Post) For decades, Fairfax County has been a national model for suburban living, a place…
VOTERS’ anger over inequality is one explanation for the rise of politicians as varied as Donald Trump, Bernie Sanders and Marine Le Pen. This anger also makes it very difficult for the free-market right to realise one of its key aims: the shrinking of the state. In Britain a plan to reduce spending on benefits…