Al Lewis
Journalist at Freelance
Veteran journalist at Business Blunders, a newsletter tracking the biggest missteps in the financial world. Subscribe for free through my website link below.
Articles
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2 months ago |
philstockworld.com | Al Lewis
Nobody knew how seriously to take Elon Musk when he challenged Mark Zuckerberg to a cage fight in 2023. History would might be different if these two cock fighters had jumped in the cage together, but the X owner chickened out as the Meta founder stood his ground. Now there’s a reversal. Musk has Zuckerberg in a headlock as the unofficial, unelected president of the United States. And in response Zuckerberg has swung to the right like a partially immobilized wrestler trying to gain a foothold.
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2 months ago |
wflapanamacity.iheart.com | Al Lewis
The White House is rescinding an order that would have frozen federal grants. That's according to multiple reports. The order was temporarily paused by a federal judge on Tuesday. In a memo, the Office of Management and Budget said the order was rescinded that paused all activities connected to the disbursement of federal financial assistance.
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Nov 11, 2024 |
businessblunders.com | Al Lewis
"Debt is the slavery of the free." - Publilius SyrusWhen America’s debt hit $1 trillion in 1980, my conservative political science professor freaked out in front of the whole class. He had this way of ranting in a staccato German accent that left me hanging on his every word: “Do you know how much that is? … America can not pay that back.” It was an incomprehensible number for someone who did not study astrophysics.
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Nov 1, 2024 |
businessblunders.com | Al Lewis
“I think the very best attitude for anyone investing in the stock market is to make up his mind to lose money.” – The Duchess Gloriana XII in the 1955 novel, “The Mouse that Roared” by Leonard WimberlyDon’t try this at home. Leave hostile takeovers to the professionals like Nelson Peltz, Henry Kravis and Carl Icahn. Experienced corporate raiders know the basics, like: You can’t win a proxy battle against a company whose affiliates control 95% of its shares.
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Oct 29, 2024 |
philstockworld.com | Al Lewis
“I am opposed to millionaires, but it would be dangerous to offer me the position.” – Mark TwainNewspapers should not make presidential endorsements because they erode the public’s trust in the media. So goes the ad hoc excuse The Washington Post’s billionaire owner Jeff Bezos gave in an op-ed for spiking an endorsement of Kamala Harris, enraging core readers and spurring staff resignations. As a newspaper owner, Bezos can back or not back whoever he wants.
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