"Over the coming year, trading in the U.S. stock market is likely to be driven by issues over corporate earnings, Federal Reserve policy, and geopolitical issues like trade."
"Over the coming decades, however, the biggest driver of the global economy could be an issue that investors are no doubt well aware of, but which may represent a massive threat that will be extremely difficult to address."
"Jeremy Grantham, the co-founder and chief investment strategist of GMO, sees climate change—and the resultant impact it will have on the global environment, particularly with respect to agriculture—as the biggest issue that humanity will face over the long term. And while he said this issue offered some potential investment opportunities, particularly as green-energy technology improves by leaps and bounds, he also said that capitalism itself was one of the biggest hurdles the species faced in addressing it."
“Fossil fuels will either run out, destroy the planet, or both. The only way out is the complete de-carbonization of the economy,” he said at Morningstar’s annual investment conference, in a presentation entitled “the Race of our Lives.”
“Capitalism and mainstream economics can’t deal with these problems. Given how corporations are driven to maximize profits, it’s nearly impossible for them to give up profits in order to address this” and focus on sustainability.
“Capitalism has a problem with the very long term because of the tyranny of the discount rate,” he added. “Grandchildren have no value.”
“As our investigation reveals, the Trump Foundation was little more than a checkbook for payments from Mr. Trump or his businesses to nonprofits, regardless of their purpose or legality,” Underwood said in a statement. “This is not how private foundations should function and my office intends to hold the Foundation and its directors accountable for its misuse of charitable assets.”
“We find that inflated confidence in one’s understanding of politics and public policy is associated with the tendency to believe in political conspiracies,” Vitriol told PsyPost. “That is, people who overestimate how well they understand political phenomena are more likely to believe that hidden actors or clandestine groups are conspiring in wide-ranging activities to influence important world actions, events, and outcomes.”
“In general, people tend to overestimate how much they understand about the causal workings of the world around them. Understanding of politics is no exception. Open-mindedness, humility, and exposing oneself to many perspectives and sources of information is necessary to be an informed and ethical citizen.”
Those who overestimated their knowledge were more likely to believe conspiracies like the U.S. government intentionally created AIDS or that Princess Diana’s death was not an accident but rather an assassination.
"During the American Revolution, the Continental Congress adopts a resolution stating that “the flag of the United States be thirteen alternate stripes red and white” and that “the Union be thirteen stars, white in a blue field, representing a new Constellation.” The national flag, which became known as the “Stars and Stripes,” was based on the “Grand Union” flag, a banner carried by the Continental Army in 1776 that also consisted of 13 red and white stripes. According to legend, Philadelphia seamstress Betsy Ross designed the new canton for the Stars and Stripes, which consisted of a circle of 13 stars and a blue background, at the request of General George Washington. Historians have been unable to conclusively prove or disprove this legend."
