Gongol.com Archives: August 2016
August 24, 2016
Brokerage firm says passive investing is "worse than Marxism"
They are both right and wrong. Passive investing is far better than active investing for people who won't spend the time doing research as thoughtful investors. And that's the vast majority. But active, direct investing is much better for a healthy, functioning capitalist economy. So the problem starts with investor unwillingness to care or participate in the process.
Is 2016 the breakthrough moment for libertarianism?
Gary Johnson and William Weld, running as ex-Republicans on the Libertarian Party ticket for the White House, are running on a centrist version of the philosophy -- probably not "libertarian enough" for a lot of true believers, but right in line with what a lot of Americans really believe. The party's opportunity is to emerge as the party of the new American center -- whether it strategically grasps that moment remains to be seen.
Giant hybrid aircraft experiences "hard landing"
It's intended as a low-cost cargo carrier as an economical and environmentally-friendly alternative to ground- and sea-based shipping. The incident happened on its second test flight.
Just one Howard Johnson's restaurant left
Yet another example of a business that once was dominant and today is a rump of its former self
White Sox to play at "Guaranteed Rate Field"
What was once known as Comiskey and later undertook the name "US Cellular Field" (which ceased to make sense after US Cellular left the Chicago market three years ago) will now have a truly clunky-sounding name. But naming rights don't change hands unless the buyer thinks it's getting value for the money.