News From the Control Tower - 10/26/2022
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. Everybody Talks About Made in America. But It Isn’t That Simple.
Why reshoring—bringing manufacturing back to the U.S.—is so hard
2. Burned Out on Your Personal Brand
Younger workers embraced the idea of a personal brand as a way to get ahead, and carve out some power and security in their careers. But posting through it has its drawbacks.
3. You’re Giving Away Yield and Don’t Even Know It
Money-market funds have been jacking up their fees in recent months, eating into the returns that savers should be earning. Here’s what to do about it.
4. I was a writer on 'The Office' but ended up selling shirts at Macy's. Landing another TV writing job after the hit show was shockingly hard — and my race absolutely had something to do with it.
After a successful run on the show, he couldn't land another writers room job for over two years. Farrell shares how staying creative got him through that tough time and led to his second big break.
5. She’s Inheriting Millions. She Wants Her Wealth Taxed Away.
Marlene Engelhorn, 30, heir to a fortune, isn’t interested in philanthropy, believing it only perpetuates existing power dynamics. She’s calling for structural change to how the ultrarich are taxed.
Bonus: Who Caught Aaron Judge’s Home Run Ball? Someone Who Needs an Accountant
Cory Youmans, a vice president at a local branch of Fisher Investments, could be in for a $2 million tax hit.