News From the Control Tower - 9/9/2020

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

This week's reads include:

        1. Chicago Fed’s Evans Worries Politics Is Holding Up Support for Economy

Partisan politics threatens effort to deliver more fiscal aid, creating significant risk for economy, Charles Evans says

        2.  Farm Cash Receipts Forecasted to Hit a Decade-Low in 2020

U.S. farm cash receipts for 2020 are projected to be at the lowest level in more than a decade, and $18 billion below the 10-year average of $376 billion. Net farm income is up though, due to higher government aid and lower production expenses.  

3. Financial Firms Fail to Own Up to Advisers’ Past Misdeeds

New streamlined SEC disclosure meant to aid investors often leaves them in the dark

4. To Narrow Racial and Economic Disparities, Atlanta Fed Chief Raphael Bostic is Rethinking What the Fed’s Mandate Means

5. New York City can’t rebound without Broadway. And Broadway’s road back is uncertain.

Bonus

Different people pursue happiness in different ways. Here is the story of the doctor who quit his practice to pursue rollerblading very, very slowly.

FREE SLOMO: A Petition To Reopen San Diego's Ocean Front Walk For At Least One Man