Taxing the Rich and Firing the Boss

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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My Tuesday morning train reads:

  • Why the Industrial Revolution didn’t happen in China (Wonkblog)
  • Is your mutual fund hiding in the closet? There’s no point in hiring an active manager unless they’re truly active (MoneyBeat); see also Shift from active to passive investing isn’t what it seems (Bloomberg View)
  • Investing’s crowded conscience (Bloomberg Gadfly)
  • Even math teachers are at a loss to understand annuities (New York Times); see also An annuity for the teacher -- and the broker (New York Times)
  • Taxing the rich: New IRS statistics show a concentration of U.S. income among a few households (Real Time Economics)
  • Why CEOs are getting fired more: Companies treat -- and pay -- top executives as if they were all-powerful. So when things go bad, the boss is shown the door. (New Yorker); see also We’re paying CEOs all wrong (Bloomberg)
  • IBM’s Watson is everywhere lately -- but what is it? (MIT Technology Review)
  • Sober thoughts on Apple’s new Touch Bar for MacBook Pro (Fast Company); see also Why Apple’s MacBook Touch Bar was the right thing to do (TechCrunch)
  • Is media bias really rampant? Ask the man who studies it for a living (Poynter)
  • Why are utilities spending $22 million to “protect” your right to solar? (Miami Herald); see also Measure in Florida that claims to back solar power may discourage it (New York Times)

What are you reading?

Why Bank Stocks Have The Most to Lose This Election

Source: Bloomberg

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
Brooke Sample at bsample1@bloomberg.net