News From the Control Tower - 10/21/2020
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. Pfizer Sets Up Its ‘Biggest Ever’ Vaccination Distribution Campaign
The U.S. pharmaceutical giant is preparing to ship billions of Covid-19 vaccines using frozen boxes, cargo planes and trucks in a mega logistics operation
2. Tab, Coca-Cola’s Diet-Soda Pioneer and a ’70s Icon, Is Going Away
The beverage maker had held on to the fading brand to appease its loyal fan base, but the coronavirus pandemic prompted a culling of the company’s products
3. Older Americans are selling the stock market, slowly but ceaselessly, to junior generations
Baby boomers own an outsize helping of the market and are constantly reducing it, a process with significant implications for the supply and demand for equities, the interpretation of fund-flow statistics and the kinds of stocks likely to perform better and worse in coming years.
4. Opinion: In 2020, things are upside down in agriculture
Net farm income is on track to rise to $102.7 billion this year, the highest since 2013, with government payments comprising 1/3 of the total. UK farmers do not have access to these types of subsidies and it may impact their trade negotiations with both the EU and US going forward.
5. Blockchain, the amazing solution for almost nothing
Blockchain technology is going to change everything: the shipping industry, the financial system, government … in fact, what won’t it change? But enthusiasm for it mainly stems from a lack of knowledge and understanding. The blockchain is a solution in search of a problem.
Bonus
When a group of libertarians set about scrapping their local government, chaos descended. And then the bears moved in.