Thursday, November 19, 2015

TheStreet: Why Age Discrimination Hurts Your Mom the Most

By SIMON CONSTABLE
As if women in corporate life didn't already face enough obstacles, new research shows the challenges get worse with age. 
The authors of a National Bureau of Economic Research paper, who examined 40,000 job applications in cities from New York to Chicago and Los Angeles, found "considerably stronger evidence of discrimination against older women than older men" in fields from sales to teaching, administration and security services. 
Read more here.

OZY: The Hidden Costs of Border Control

By SIMON CONSTABLE

After Friday’s atrocious attacks in Paris, messages of condemnation and condolence were soon joined by a drumbeat of calls for Europe to reintroduce internal border controls. Combined with the deaths of Charlie Hebdo magazine staff earlier this year, it’s easy to see why politicians would want to reintroduce some passport controls, at least to know who is inside which country. No one in their right mind wants a repeat of anything like those events if they can possibly be prevented. The problem is, financially, it would slow the beleaguered European economy, which is still struggling to find robust growth.

Read more here.

Wednesday, November 18, 2015

Forbes: How To Be The Worst Boss Possible -- Part 3

By SIMON CONSTABLE

Part three of a continuing series, which outlines how you too can achieve the heights of awfulness in management ineptitude. See Part one here and part two here.
Hiring is one of those things that you have to do, but that doesn’t mean you have to do it well. In fact, if you hire badly (either by your natural ability or through studied effort) you can quickly lower performance of your company and demoralize your staff at the same time.

Read more here.

Tuesday, November 17, 2015

U.S. News: 4 Facts Investors Should Know About Bonds

By SIMON CONSTABLE

If you listen to investment pundits, or read them with any frequency, you'll hear a consistent mantra: Bonds, particularly treasuries, are a losing proposition, at least in the current investment environment. Unfortunately, the analysis behind such a view isn't a valid reason for you to avoid them in your portfolio. That's whether or not you believe interest rates will fall or rise. 
"Bonds provide much more protection than most people realize," says Peter Tchir, managing director of macro income strategy at Brean Capital in Darien, Connecticut. Read more here.
Photo by Michael Longmire on Unsplash

TheStreet: Investors Pull $50B From Emerging Markets, Outpacing '08 Crisis

By SIMON CONSTABLE

NEW YORK (TheStreet) -- Bearishness about emerging market economies in general, and China in particular, has reached an unprecedented level, according to a fund manager who has specialized in the sector for more than three decades.

"More than $50 billion has been withdrawn from emerging markets in the first nine months of this year, which is more than in the 2008 financial crisis," says Allan Conway, head of emerging market equities at Schroders, and portfolio manager of the $1.3 billion Schroder Emerging Market Equity Fund (SEMNX)

Read more here.  

Wednesday, November 11, 2015

TheStreet: Why Bubble Phobia Is Bad For Your Investing Health

NEW YORK -- Has the investing world completely succumbed to bubble phobia? 

Maybe the housing crash and the dotcom bust have addled our brains, but hardly a month goes by without someone warning of a bubble. Is the market for Treasuries in a bubble? What about Silicon Valley startups and junk debt? Is there, perhaps, a bubble in everything? 

The problem with that perspective (or rather, the good news) is that financial bubbles just aren't that common, and if you see them everywhere you may be hallucinating. 

Read more here.

OZY: How Good Is the Biggest Trade Deal In History?

By SIMON CONSTABLE
Already bustling with activity, the enormous ports of Long Beach and Los Angeles will likely be bursting at the seams within the next five years as more and more brightly colored containers get loaded and unloaded. Together, they’re already the ninth-busiest port in the world — and a similar scene looks set to be replicated up and down the coast in the ports of Oakland, Tacoma, Seattle and Vancouver.
The boost will be driven by the Trans-Pacific Partnership, a deal pushed heavily by the Obama administration that will cover trade between a dozen countries, including the U.S., Canada, Mexico and Japan. While an agreement was announced last month, its details only recently emerged and all of the countries involved still need to ratify the agreement. Still, it’s clear that, at first, the benefits will go to the ports. “The longshoremen, who are already well paid, will have a lot more hours and more overtime pay,” says Natasha Boyden, an independent shipping analyst. 
Read more here.