News From the Control Tower - 10/7/2020
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. Sizing Up the Rural-Urban Travel Divide: Who’s Up and Who’s Down
Remote U.S. destinations, where social distancing is easier, are generally faring better than cities, which are trying hard to get a bigger share of the leisure crowd.
2. The anti-Spotify: How online music company Bandcamp became the toast of the COVID age
Bandcamp is disrupting the business of music streaming by paying the musical artists.
3. Are markets in a bubble because traders live in one?
Lack of diversity among investment managers contributes to groupthink
4. Biden’s Tax Plan Would Spur Economic Growth
Wealth would be shared more broadly, and even free-marketers see the benefit of more revenue.
5. Small investors have pushed big companies toward social change. A new SEC rule will limit their influence.
Shareholder proposals from small investors are credited with pushing big companies to improve their record over the past decade on social issues such as climate change, social justice and human rights.
6. ‘I Had Lost All Hope’: Clorox Wipes Are Still the Hard-to-Find Pandemic Item
For some on social media, finding the cleaning product has become like winning the lottery.
To women in search of love, Shaun Rootenberg seemed like a catch. What they didn’t know: he’d spent decades stealing from just about anyone who crossed his path. Lonely women on dating sites were only his latest prey