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Research: Index Funds Are Fueling Out-of-Whack CEO Pay Packages

Harvard Business

This sweeping development known as “common ownership” – the same firms owning the competing firms in the same industry – is relatively new. On average, common ownership concentration has almost doubled in the last 20 years in the construction, manufacturing, finance, and services sectors.

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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

The drop in construction spending is a necessary correction of previous overinvestment and is unlikely to be entirely reversed. In addition, official statistics may underestimate intangible investment (spending on research and development, training, etc), which has been gaining importance in serviced-based economies.

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The “Smart Society” of the Future Doesn’t Look Like Science Fiction

Harvard Business

To set an aspirational but realistic target, we created a benchmark that combines the best attributes of these advanced digital nations. Second, with the benchmark as a composite, no single nation achieves it and yet each of the five countries’ progress toward the ideal can be assessed in terms of performance against the benchmark.