News From the Control Tower - 1/21/2021
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. Why $15 minimum wage is pretty safe
And why economists changed their minds on the minimum wage
2. Four things that could pop the 'rational bubble' in equities: Mohamed El-Erian
Mohamed El-Erian thinks the path of least resistance continues to be upwards as equities float along in a “rational bubble,” a phenomenon outlined in a Financial Times article earlier this year.
3. France, Once a Vaccine Pioneer, Is Top Skeptic in Covid-19 Pandemic
Covid-19 vaccination campaign off to a glacial start, as it meets some of the world’s highest skepticism rates. ‘I can’t be the guinea pig.’
Signs of hope in Joe Biden’s choice of science advisor—and in the unleashed ingenuity that made it possible to rapidly produce vaccines.
5. Bill Gates: America’s Top Farmland Owner
The co-founder of Microsoft and his wife rank as America’s largest private farmland owners.
“As we come out of a very challenging year, it’s more important than ever to reflect on Marvin Gaye’s prolific and timeless lyrics to inspire a spirit of connection in 2021,” Robin Terry, Motown Museum CEO and chairwoman, said in a statement. ‘What’s Going On’ Day will serve as a reminder of his impact and legacy — bringing awareness to the issues of today, encouraging active dialogue between groups and individuals and acknowledging the important role Motown music continues to play in uniting us all.”