In the News: This Week’s Most Fascinating Finance Articles

Person sitting on a bench reading a newspaper

An often reiterated characteristic of successful people is that they read. Books, magazines, newspapers – whatever they can get their hands on. My dad has read two newspapers a day for as long as I can remember, and in my eyes, he’s the definition of intelligent and driven. As much as I want those characteristics for myself, I struggle to read one newspaper cover to cover, never mind two! I subscribed to a paper for about six months last year, only to discover that I’d typically only make it through the front page and the business section. Basically, I only care about the highlights. Nowadays, I choose to read my news online, and I typically only make it through about three articles a day.

Having said that, I aim for quality and I love to find articles that are unique, informative, and timely. Last week, I came across a handful of articles that fit this criteria. Today, I want to share them with you in case, like me, you only care for the good stuff.

Windfall for Super Bowl Hosts? Economists Say It’s Overstated – by Kevin Draper for The New York Times

I’m always fascinated by the cost associated with sporting events. Sure, the Super Bowl generates millions of dollars, but not everyone gets an equal piece of the pie. This article discusses the cost associated with hosting the event, and how much the host city can realistically expect to recover. It also touches on the fact that a lot of that tourism income doesn’t necessarily flow to the city’s residents.

My 10-Year Odyssey Through America’s Housing Crisis – by Ryan Dezember for the Wall Street Journal

I thankfully escaped the Housing Crisis unharmed because I’m not yet a homeowner. The author of this article was not so lucky. He tells his story about buying a house shortly before the housing crisis, and then finding himself in a position where he was eager, but unable, to sell his home. It emphasizes the huge responsibility of home ownership, even when times are tough.

How Is Big Business Using the Trump Tax Cut? What We Know – by Matthew Townsend for Bloomberg

In case you didn’t catch my post, “The Good, the Bad and the Ugly of the Tax Cuts and Jobs Act,” you can check it out here. In it I discuss a selection of changes in the Act, the most impactful of which is arguably the drop in the Corporate tax rate from 35% to 21%. As investors and employees, we’re all curious how this will trickle down to us. In the Bloomberg article above, Matthew Townsend discusses what we’re seeing and hearing from some of the nation’s biggest companies so far.

Wall Street to Vanguard: We’re Not Your Doormat – by Sarah Krouse for The Wall Street Journal

It seems like everyone in the personal finance community loves Vanguard. They offer a wide range of low-cost securities to investors from every background. It turns out Wall Street doesn’t entirely share our sentiment. Some wealth managers and brokerage firms have become frustrated at having to cover servicing costs themselves. They’re reacting by either charging clients additional fees to invest in Vanguard funds, or by dropping Vanguard products entirely.

Massive Cryptocurrency Heist Spurs Call for More Regulation – by Yuji Nakamura and Andrea Tan for Bloomberg

Perhaps I only like this article because I’ve always said cryptocurrency shouldn’t be trusted. In case you haven’t heard, almost $500 million was stolen two weeks ago when a Japanese cryptocurrency exchange was hacked. It is what many people have been warning of. This article discusses the heist and the potential of more regulation.

What’s the most interesting news article you’ve read recently?

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