Daily Economy
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Services-Sector Growth Slowed by Labor, Materials, and Logistical Constraints
“Services-sector expansion likely slowed in February as shortages of labor and materials continue. Fewer new cases of Covid may provide some relief but turmoil as a result of the Russian invasion of Ukraine has the potential to disrupt the global economy and businesses.” ~ Robert Hughes
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The Meme-Stock Revolution That Wasn’t
“At the end of the day, argues Jakab, most retail investors were left holding the bag. Aside from the identifiable shorts like Gabe Plotkin or Andrew Left, most other Wall Street actors made a lot of money from the episode.” ~ Joakim Book
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Beauty Transcends Outrage
“Strength of emotion cannot by itself justify moral outrage. We have a duty not to offend others without good reason, but we also have a duty not to be offended by others without good reason.” ~ Theodore Dalrymple
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Weekly Initial Claims for Unemployment Benefits Fall to the Lowest Level of the Year
“Weekly initial claims ticked down for a second week. Overall, claims remain at a very low level and the labor market remains very tight. However, the Russian invasion of Ukraine dramatically increases uncertainty.” ~ Robert Hughes
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Not So Fast on the Fast Act
“The fact that so many workers in the industry have been unwilling to voluntarily ‘buy’ the union agenda for themselves is not a reason for giving unions more power, but is reason to question their claims that they will improve workers’ lives.” ~ Gary M. Galles
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How Threat-Free Are Americans from Covid-19? Late February 2022 Update
“Due respect for the virus doesn’t require treating your family, friends, and neighbors as the dire threats that media, public health officials, and the fearful are making them seem to be, either now or in the future.” ~ Jon Sanders
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Discovering Masculinity in a Woke World
“The White Lotus, a new HBO series, throws bright sunlight on the dark mores of America’s elite. In the show, a debased, solitary, fake masculinity is transformed into one rooted in friendship forged by shared undertaking.” ~ Natalie Taylor
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February Unit Auto Sales Slowed as Assemblies, Inventories, and Prices Stabilize in January
“Light-vehicle sales slowed in February as component shortages continue to restrain production. Assemblies, inventory, and prices continued to show signs of stabilization through January, albeit at extreme levels.” ~ Robert Hughes
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Life, Death, and Insurance
“Perhaps the fact that life insurance actuaries are highly qualified independent analysts of mortality and regulated primarily at the state, not the national, level has made America’s PHOs reticent to encourage actuarial analysis.” ~ Robert E. Wright
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Manufacturing-Sector Survey Showed Strong Results in February
“Manufacturing-sector demand remained strong in February. Production increased despite ongoing labor and logistical issues but constraints on faster production growth continue. Recent events in Ukraine may be yet another source of disruption and further delay the return to normalcy.” ~ Robert Hughes
-
•
Services-Sector Growth Slowed by Labor, Materials, and Logistical Constraints
“Services-sector expansion likely slowed in February as shortages of labor and materials continue. Fewer new cases of Covid may provide some relief but turmoil as a result of the Russian invasion of Ukraine has the potential to disrupt the global economy and businesses.” ~ Robert Hughes
-
•
The Meme-Stock Revolution That Wasn’t
“At the end of the day, argues Jakab, most retail investors were left holding the bag. Aside from the identifiable shorts like Gabe Plotkin or Andrew Left, most other Wall Street actors made a lot of money from the episode.” ~ Joakim Book
-
•
Beauty Transcends Outrage
“Strength of emotion cannot by itself justify moral outrage. We have a duty not to offend others without good reason, but we also have a duty not to be offended by others without good reason.” ~ Theodore Dalrymple
-
•
Weekly Initial Claims for Unemployment Benefits Fall to the Lowest Level of the Year
“Weekly initial claims ticked down for a second week. Overall, claims remain at a very low level and the labor market remains very tight. However, the Russian invasion of Ukraine dramatically increases uncertainty.” ~ Robert Hughes
-
•
Not So Fast on the Fast Act
“The fact that so many workers in the industry have been unwilling to voluntarily ‘buy’ the union agenda for themselves is not a reason for giving unions more power, but is reason to question their claims that they will improve workers’ lives.” ~ Gary M. Galles
-
•
How Threat-Free Are Americans from Covid-19? Late February 2022 Update
“Due respect for the virus doesn’t require treating your family, friends, and neighbors as the dire threats that media, public health officials, and the fearful are making them seem to be, either now or in the future.” ~ Jon Sanders
-
•
Discovering Masculinity in a Woke World
“The White Lotus, a new HBO series, throws bright sunlight on the dark mores of America’s elite. In the show, a debased, solitary, fake masculinity is transformed into one rooted in friendship forged by shared undertaking.” ~ Natalie Taylor
-
•
February Unit Auto Sales Slowed as Assemblies, Inventories, and Prices Stabilize in January
“Light-vehicle sales slowed in February as component shortages continue to restrain production. Assemblies, inventory, and prices continued to show signs of stabilization through January, albeit at extreme levels.” ~ Robert Hughes
-
•
Life, Death, and Insurance
“Perhaps the fact that life insurance actuaries are highly qualified independent analysts of mortality and regulated primarily at the state, not the national, level has made America’s PHOs reticent to encourage actuarial analysis.” ~ Robert E. Wright
-
•
Manufacturing-Sector Survey Showed Strong Results in February
“Manufacturing-sector demand remained strong in February. Production increased despite ongoing labor and logistical issues but constraints on faster production growth continue. Recent events in Ukraine may be yet another source of disruption and further delay the return to normalcy.” ~ Robert Hughes