What we’re reading (9/19)
“Justice Ruth Bader Ginsburg Dead At 87” (CNN). “Ginsburg was well-known for the work she did before taking the bench, when she served as an advocate for the American Civil Liberties Union and became the architect of a legal strategy to bring cases to the courts that would ensure that the 14th Amendment's guarantee of equal protection applied to gender…Once she took the bench, Ginsburg had the reputation of a ‘judge's judge’ for the clarity of her opinions that gave straight forward guidance to the lower courts. At the Supreme Court, she was perhaps best known for the opinion she wrote in United States v. Virginia, a decision that held that the all-male admissions policy at the state funded Virginia Military Institute was unconstitutional for its ban on women applicants.”
“Trump Weighs Barrett, Lagoa For Court Seat” (Politico). “As he put two men on the Supreme Court during his term, Trump also interviewed Judge Amy Coney Barrett of the U.S. Court of Appeals for the Seventh Circuit…Barrett is considered the leading contender because of her conservative credentials, Trump’s interest in picking a woman and the fact that she’s already been interviewed…[b]ut Trump is also considering two other women who he had not interviewed but emerged on his expanded list this month…[o]ne is former Florida Supreme Court Justice Barbara Lagoa…[a]nother is Allison Jones Rushing, an appeals court judge in her late 30s who would be among the youngest justices ever to serve on the court, ensuring a conservative in the seat for even longer than others.”
“Investors Could Be Overplaying The Election As A Lasting Driver Of The Stock Market, History Shows” (CNBC). “In order to treat an election as a specific catalyst for investment moves, one would have to handicap the result, anticipate the makeup of Congress, intuit the key policy priorities, evaluate the likelihood of them becoming law, estimate their economic impact and then determine how much of this decision tree has already been priced into financial markets. Sound doable?”
“Companies’ New Back-To-Work Dilemma: Who Comes First?” (Wall Street Journal). “International Business Machines Corp. prioritized scientists working in quantum computer labs when it reopened a New York research hub earlier this summer, figuring they had the hardest time doing their jobs from home. Payroll processor Automatic Data Processing Inc. has relied upon a dashboard that offers a regularly updated view of who’s willing to come in and who’d prefer to stay home. Such a mix of technology, local regulations and subjective factors like employee sentiment is guiding reopening decisions at several companies.”
“An Overview Of Crypto Algo Funds” (City A.M.). I’m not endorsing crypto as an asset class, but this is still a pretty good read. “Digital asset funds can be the easiest way to get exposure to crypto markets with a ‘set & forget’ strategy for investors while making short and long term gains. There are serious gains to be made in this new industry, and the findings of my own journey supporting digital asset clients over the past four years can help curious investors understand what to look for in a digital asset fund and what to run away from.”
