News From the Control Tower - 6/24/2021
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. Why has Andy Karsner frightened the mighty ExxonMobil?
The oil giant spent millions of dollars to keep Karsner, a Republican who favors renewable energy, off the company’s board of directors. It failed.
2. Lifelong Exercise Adds Up to Big Health Care Savings
People who start to exercise before or during middle age typically save from $824 to $1,874 annually on health care costs after retirement.
3. The Dangers of Working While Black on Wall Street
Financial institutions say they’re committed to racial justice, but complaints of racism often backfire against those who raise them.
4. As Money Launderers Buy Dalís, U.S. Looks at Lifting the Veil on Art Sales
Secrecy has long been part of the art market’s mystique, but now lawmakers say they fear it fosters abuses and should be addressed.
5. Smart Thermostats Are Turning Down Air Conditioners During Heatwave
Automated grid-response programs are gaining traction through the U.S. via sweepstakes and incentives, but unknowing users say they’re left sweating.
Bonus: US sprinters are expected to be real contenders at the Tokyo Olympics.