08-13-2016, 10:38 PM
Investors who scored big gains by swooping in at the bottom of the last two U.S. equity selloffs now are backing away from the market. The number of officers and directors of companies purchasing their own stock tumbled 44 percent from a year ago to 316 in July, the lowest monthly total ever, according to data compiled by The Washington Service and Bloomberg that goes back to 1988. With 1,399 executives unloading stock, sellers outnumbered buyers at a rate that was exceeded only two other times.
Insider Buying Evaporates While S&P 500, Dow Average Cap Records - Bloomberg
Shigenobu Nagamori, Nidec Corp.'s billionaire CEO, has something to confess. The 71-year-old CEO thinks his employees are more important than investors, according to an interview with Bloomberg's Tom Redmond and Takako Taniguchi. That's because he believes shareholders would ultimately benefit from an effective workforce in the long run.
Nidec Corp.'s CEO Shigenobu Nagamori values employees over investors - Business Insider
The United States has made enormous strides in reducing motor vehicle deaths--and even so, a higher percentage of Americans die on the road than in other other high-income countries. Plausible estimates suggest that reducing drunk driving and increasing seat belt use in the US to levels that commonly prevail in other high-income countries could save thousands of lives each year.
CONVERSABLE ECONOMIST: US Motor Vehicle Deaths
Persistently depressed demand is also a serious problem. In addition to undermining firms’ incentives to invest in technology, it degrades the skills of workers who can’t find a job that matches their qualifications. Fifty years ago, Keynesian economists like Nicholas Kaldor and P. J. Verdoorn examined the close links between rising demand and rising productivity. It might benefit some of today’s economists to rediscover this research.
The Great Productivity Puzzle - The New Yorker
The visionary guitarist Carlos Santana himself admitted, “At Woodstock, I had to trust that I could find a way through all the layers and vortexes of psychedelic colors and madness around us. What made sense to me was I had this triangular pick in my hand, and that pick said to me, ‘This is who you are and what you do. You’re a guitar player. Play.’ Everything I did onstage that day centered around that.”
Guitar God Carlos Santana on New ‘Reunion’ Album | Digital Trends