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Share this article Share this article BALTIMORE, April 21, 2021 A new study from T. Rowe Price provides a look at how the coronavirus pandemic has impacted families financial well-being, compelling more parents than ever to have conversations regarding money matters with their children. Further, the study shows how the pandemic has exacerbated existing racial inequalities, including the racial retirement savings gap. T. Rowe Price s 13th annual , which sampled more than 2,000 parents and their 8- to 14-year-olds, reveals insights into the pandemic s impact on different families. The findings suggest that parents feel increased urgency on the need to have money conversations with kids. ....
10 Tuesday AM Reads My Two-for-Tuesday morning • Yes, It Was a Coup. Here’s Why. What Trump tried is called a “self-coup,” and he did it in slow motion and in plain sight. (Politico) see also Six hours of paralysis: Inside Trump’s failure to act after a mob stormed the Capitol “He was hard to reach, and you know why? Because it was live TV,” said one close Trump adviser. “If it’s live TV, he watches it, and he was just watching it all unfold.” (Washington Post) • What’s Behind Value Investing’s Long Losing Streak? The strategy has suffered a devastating drought for more than a decade, sending investors scrambling for answers. (Bloomberg) ....
10 Weekend Reads The weekend is here! Pour yourself a mug of French Roast coffee, grab a seat by the fire, and get ready for our longer form weekend reads: • The Unbeatable Ed Hyman For four decades Ed Hyman has been unrivaled among Wall Street economists. It is a truth universally acknowledged that Edward S. Hyman Jr. is Wall Street’s greatest living economist. And a nice guy too. The former has been documented every October since 1976 in Institutional Investor. The latter, most recently by everyone interviewed for this article. Is his reign nearing its end? (Institutional Investor) • No, Austin Won’t Become Silicon Valley 2.0 Appalled by the sky-high rents and wealth inequality of today’s San Francisco region, the other tale is that the tech industry itself is the real villain. Having eaten the Bay Area alive, and now in the process of spitting out the bones of a once-dynamic city, it looks for its next meal. The same ....
10 Friday AM Reads My insurrection week morning WFH reads: • U.S. reports more than 4,000 covid-19 deaths, 200,000 new infections, in deadliest day of pandemic The US shattered records for single day coronavirus deaths, topping 4,000. Experts worry that the new, more contagious strain of the virus that has already detected in 8 states will make matters worse. “We are in a race against time. We need to increase our speed in which we act so that we don’t allow this virus to spread further and allow this variant to become the dominant one in circulation. The clock is ticking.” (Washington Post) • The Future of Offices When Workers Have a Choice Some work spaces in central employment districts may become housing, and some housing in residential areas may become work spaces. (New York Times) ....
10 Thursday AM Reads My morning WFH reads: • The storming of Capitol Hill was organized on social media. On far-right social media sites Gab and Parler, directions on which streets to take to avoid the police and which tools to bring to help pry open doors were exchanged in comments. At least a dozen people posted about carrying guns into the halls of Congress. (New York Times) see also Facebook and Twitter suspend Trump’s accounts after Capitol insurrection Social media companies are going to new lengths to limit the reach of Trump’s incitement to violence. (Recode) • Where Year Two of the Pandemic Will Take Us The coronavirus pandemic blazed across 2020. Many countries repeatedly contained it. The United States did not. >20 million Americans have been infected, >350,000 have died. Two vaccines have been developed and approved in record time. President-elect Joe Biden has promised 100 million vaccinations in 100 days. ....