Feb 172020
 

Apple Warns That Coronavirus Will Hurt Revenue – The New York Times:

“Apple also said that demand for its devices in China had been hurt by the outbreak; it closed all 42 of its stores in the country last month and most have yet to reopen.”

*How much will this cost and how widespread will this be economically? Will this be a black swan like event that starts small and flies under the radar until it is on top of us and has widespread impact?

Feb 012020
 

Many Adults Are Helping Their Parents Financially Despite Strain – The New York Times:

“Many adults give financial support to their parents, despite feeling a strain on their own budgets, new research finds.

About a third of adults in their 40s, 50s and early 60s said they had given a parent money in the past year, according to a new survey from the research arm of AARP, the advocacy organization focused on older Americans.”

Feb 012020
 

Phone Hacks Can Happen to Anyone. Here’s How to Protect Yourself. – The New York Times:

“Vacations, in general, are fraught with risk. The hotel Wi-Fi network should never be used, because it exposes your devices to hacking. Use the hot spot on your phone instead, and never log into your financial accounts on a public network.

Some Wi-Fi hotel networks are outright fakes.”

*Lots of interesting information in full article.

Jan 312020
 

Opinion | Millennials Aren’t Spending All Their Money on Avocado Toast, Actually – The New York Times:

“… there is also clear evidence that millennials, born between 1981 and 1996, are saving more aggressively for retirement than Generation X did at the same ages, 22-37. And that might put them in better financial shape than many assume.”

Jan 312020
 

How Private Equity Buried Payless – The New York Times:

“The death of Payless eliminated several hundred well-paying corporate headquarters jobs in Topeka, as well as thousands more jobs in stores. And it hurt creditors, landlords and suppliers.”

Jan 122020
 

Opinion | The Gig Economy Is Coming for Your Job – The New York Times:

“… he was an expert in delivering carefully assembled trays of food and drink to hungry guests. But the number of orders had sharply decreased. What was once 50 glasses of orange juice every morning had dwindled to 10, and Mr. Martín’s tip income fell accordingly. At lunchtime, he seemed to make more deliveries of plates and silverware than actual food.”

Jan 122020
 

Opinion | Who Killed the Knapp Family? – The New York Times:

“‘The meaningfulness of the working-class life seems to have evaporated,’ Angus Deaton, the Nobel Prize-winning economist, told us. ‘The economy just seems to have stopped delivering for these people.’ Deaton and the economist Anne Case, who is also his wife, coined the term ‘deaths of despair’ to describe the surge of mortality from alcohol, drugs and suicide.”

*Read this article. I’ve placed a hold on the book at my local public library.