You read here yesterday that tech billionaire Elon Musk has moved to Texas, but he's not the only one making the break from California for the Lone Star State. Nearly 700,000 Californians have moved to Texas over the last ten years. Now, the company that laid the cornerstones of Silicon Valley's tech dominance, Hewlett Packard, is moving there too. Fox News reports: The San Jose, California-based tech company disclosed the move in an SEC filing. “HPE has made the decision to relocate its headquarters from San Jose, California, to Houston, Texas. HPE’s largest U.S. employment hub, Houston … [Read more...]
Even Elon Musk, Tech Billionaire, is Looking for a Better America
You're not the only one thinking about packing up your business and heading for a low-tax state where politicians treat you like their employer rather than their piggy bank. The billionaire CEO of Tesla and SpaceX, Elon Musk has moved to Texas. Heather Somerville reports for The Wall Street Journal: Tesla Inc. Chief Executive Elon Musk said he has moved to Texas, taking aim at Silicon Valley and becoming one of the highest-profile executives yet to leave California during the coronavirus pandemic. He said relocating made sense with Tesla’s new factory being built in Texas. He lamented that … [Read more...]
If You Can, Tell Retirement “Not Yet”
Not many industries have been devastated by COVID-19 like the airline industry. Airlines are firing personnel, including highly skilled pilots, and asking others to go into early retirement. Many older pilots, for myriad reasons, are resisting retirement. The Wall Street Journal tells the story of Garry Krasnov, who would like to tell retirement "not yet," but in the end made the gut-wrenching decision to take an early retirement offer from Delta Air Lines. With a vaccine approved in the U.K. and more approvals expected, airlines are hoping travel will begin its recovery later next year once … [Read more...]
A FAST Way to Lose SLOW Money
You read in these pages (read here, here, here, here, and here for starters) how you can end up paying twice for investments. The first charge is the mutual fund or ETF expenses like the expense ratio (and god forbid 12b-1 fees and other loads). Then there is the fee investors pay to their advisers. All in all, it can add up to more than two percent a year. It’s like ordering a Happy Meal and paying the guy in front of you to place your order. You can do better than that. Now, many advisers are taking their clients' money to invest in "model portfolios." Dawn Lim reports for The Wall … [Read more...]
Right to Work South Carolina Attracts Massive Investment from Walmart
You know that giving employees the Right to Work makes a big difference. Companies that can negotiate one-on-one with employees can invest in the most promising talents, and remove anyone trying to get a free ride. Giving employees the Right to Work kills the disease of forced unionism. It's possible no state has done a better job of capitalizing on its reputation as free from Big Labor's negative influences than South Carolina. Just take a look: Right to Work South Carolina is Flooded in Jobs Where to Live to Make a Living? Try this Southern Gem The Workers of Boeing in SC … [Read more...]
Survival Guy Greetings from Key West at Sunset
Your Survival Guy is just getting by down here in beautiful Key West. This sunset pic above is from high above Louie’s Backyard last night where Becky and I had a chance to reflect on life for a while. Because it’s times like these you need to take some time for YOU. You need to take a step back. Take a deep breath. Look out into the ocean and figure out how YOU are going to keep moving forward. It’s too easy to dwell on what’s wrong. It’s unhealthy to be stuck inside your brain. Instead, I want you to be thankful for what is RIGHT in your life. Today, I want you to make time for you. … [Read more...]
John Mackey’s Simple Message: Elevate Humanity Through Business
Whole Foods CEO John Mackey wants the world to know that capitalism is the “greatest thing humanity’s ever done.” Capitalism has raised more of the world out of poverty than all other systems of economic organization combined. Mackey is now selling his book, in which he makes the case for capitalism by changing the narrative of capitalism to "show that it’s about creating shared value, not for the few but for everyone.” The book is called Conscious Leadership: Elevating Humanity Through Business. The Editorial Board at the Wall Street Journal writes of Mr. Mackey: Mr. Mackey offered … [Read more...]
Forced Unionism Is the Sickness, the Right to Work Is the Cure
In states where employees are forced by government to join unions, the dignity of citizens takes a backseat to power. Union bosses crave the money and power they derive from subjugating their forced members, and politicians enjoy the benefits of catering to the bosses by reaping campaign donations. With backing from their bought-and-paid-for politicians, union bosses believe they can act with impunity. An example of that behavior comes out of the International Association of Fire Fighters, where union bosses siphoned off pension money to their own accounts. The National Right to Work Committee … [Read more...]
The Man Behind Milton Friedman’s Classic Free to Choose TV Series
Milton Friedman's Free to Choose TV series is, perhaps, the best explanation of the value of free and open economies. Friedman explains the concept of open markets and freedom in a way that every man and woman can relate to. But behind Friedman's appearance was a brave TV station manager from Eire, PA named Bob Chitester. Chitester put Friedman on the air and caused a phenomenon. William McGurn tells the story in The Wall Street Journal: In the era of Bernie Sanders and Alexandria Ocasio-Cortez, champions of the free-market capitalism may feel beleaguered. Those of a certain age thought … [Read more...]
Is Your Cash Safe? Probably not This Safe
How well are you securing your cash and valuables? Do you have a safe at home? A safe is an obvious choice for convenience, but unless you have serious security, you wouldn't want to leave major wealth sitting unattended while you're at the office or on vacation. You need a better option. The most obvious choice for most is a safe deposit box. That is the route an increasing number of the world's wealthiest are taking. Disasters like the wildfires and hurricanes that have hit the United States in recent years have made securing wealth an urgent endeavor in the minds of many. Benjamin … [Read more...]
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