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News From the Control Tower - 4/8/2021 Thumbnail

News From the Control Tower - 4/8/2021

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1. As China Targets H&M and Nike, Local Brands See Their Chance

Chinese rivals to Western names have improved quality and marketing. Now the country’s defiance could give them an edge with young patriots.

2. Yellen Pushes for Global Minimum Tax Rate on Multinational Corporations

Treasury secretary makes the case for President Biden’s $2.3 trillion infrastructure proposal

Audio summary of this article starting at minute 5.

3. Risky Borrowers Are Falling Behind on Car Payments

More subprime borrowers are missing monthly payments on their cars and trucks, pointing to an uneven economic recovery

4. Could Index Funds Be ‘Worse Than Marxism’?

Economists and policy makers are worried that the Vanguard model of passive investment is hurting markets.

5. Singapore Shows What Serious Urban Farming Looks Like

In a city-state that imports 90% of its food, rooftop gardens are a matter of national food security.


Couple Who Defaced $400,000 Painting Thought It Was a Public Art Project

The vandalism of a piece by the graffiti artist JonOne at a gallery in South Korea has prompted a debate about contemporary art.