article thumbnail

Surprise! California’s 40 Qs of Rising Minimum Wage & Fast Food Industry Growth (Beating USA)

The Big Picture

Many fast food workers (specifically) got bumped to $20/hour, from $16, in April (the law is very specific about who is eligible for the increase). Over that decade, with its minimum wage rising, California’s fast food industry has bested the rest of the US by leaps and bounds. Our story began with a Wall St.

article thumbnail

Sunday links: money skepticism

Abnormal Returns

on.spdji.com) It's hard to make the math on hedge funds add up. nytimes.com) Budgeting When you do the math, it's hard to find trillions to save in the federal budget. prospect.org) The math on mass deportation doesn't add up. Markets The S&P 500 returned 5.87% in November 2024. Just ask Norway. theatlantic.com)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Friday links: lady luck

Abnormal Returns

ritholtz.com) Compounding math is often confounding. abnormalreturns.com) Mixed media Why entrepreneurs love discontinued food brands. Strategy Why you shouldn't fear all-time highs. nytimes.com) Survivorship bias affects in any number of ways. abnormalreturns.com) Longform links: digital afterlives. marginalrevolution.com)

article thumbnail

Buffett vs. Graham vs. Lynch: Whose Strategy Wins Now & Over Time?

Validea

Sample picks: Cal-Maine Foods ( CALM ): +65.4% Deep value seekers hunting bargains Graham Ideal for contrarians who trust the math and are patient enough to wait for mispriced stocks to revert. Steel Dynamics ( STLD ): +30.0% Commercial Metals ( CMC ): +32.0%

article thumbnail

15 Recession-Proof Businesses That Thrive in Any Economy

Clever Girl Finance

Food and beverage 3. These include sectors like healthcare, food, repair services, and childcare. These businesses typically operate in industries like healthcare, food, repair services, and personal care. Food and beverage Food and beverage are also recession proof industries. What is a recession-proof business?

article thumbnail

2024 Forecasting Follies

The Better Letter

In 1950, Waldemar Kaempffert, science editor of The New York Times , foresaw a world where all food, “even soup and milk,” would be delivered to people’s homes in frozen bricks, and chemical factories would convert “rayon underwear” into sweets. People will soon get tired of staring at a plywood box every night.”

article thumbnail

Transcript: Stephanie Kelton on US Fiscal Policy and the ‘Deficit Myth’

The Big Picture

Wasn’t the Excel spreadsheet error, which changed their math. And the, the part of the story that we haven’t mentioned, of course, is the war and ener the role of energy in food. Problem is, the math doesn’t work 01:20:33 [Speaker Changed] Well, you know, math, who really believes numbers should add up.